FXGT is a trusted brokerage firm that offers 5 different account types to accommodate all kinds of traders. Let's find out how to open an FXGT account in this guide.
In today's fast-paced digital era, it is essential to find a user-friendly and reliable platform to trade with. Established in 2019, FXGT emerges as a popular choice, offering a wide array of instruments across various asset classes. While it is still considered a new brand, the company aims to revolutionize traders' experience and provides access to various innovative breakthroughs within a safe framework. It is fully regulated by the SFSA of Seychelles, FSCA of South Africa, and VFSC of Vanuatu.
Opening an account in FXGT and diving into financial markets is easier than you think. In fact, FXGT open account will only take about 5 minutes of your time. You can either use a PC or mobile device, so it is very convenient and highly practical.
How to Set Up an FXGT Live Account
Before we begin the process, you must check that you are eligible to be a trader. In FXGT, every client must meet the following simple conditions:
- You must reside in a country where FXGT services are available. For residents in some countries like the US, Canada, North Korea, EU countries, Iran, and Belize, FXGT is unavailable.
- FXGT only accepts clients who are 18 years old or older.
If you have met all the conditions, you can follow the easy steps below:
- Start by opening FXGT's official website. You will be greeted with the open account option on the homepage. Provide the required data and don't forget to make a strong password for your Client Portal, then tick the agreement box. Once you're done, click "Open Account".
- You will get an email that contains an activation link. Click on the provided link to verify and activate your account.
- The FXGT system will take you to a login page. Enter your email and password to log in to your secure Client Portal.
- The next step is to choose whether you want to open a Live account or a Demo account.
- Decide your account setup. This includes choosing the trading platform and account type in FXGT.
- Next, select the base currency for your account.
- Decide how much leverage you want for your account. If you are a beginner, we recommend choosing lower leverage as it can minimize the risks.
- You can choose to use a randomly selected word as your password generated by the system or set up your own. Press "Proceed" to continue.
- Your FXGT account is now ready to use! Download the trading platform and log in using your account credentials to begin trading.
It is also worth noting that in some regions, FXGT sign up required traders to complete the account verification to start trading. The verification process involves submitting personal documents such as national ID, passport, and utility bills.
Which FXGT Account Types to Choose?
To satisfy different types of clients, FXGT offers five account types to explore, namely Mini, Standard+, ECN, Crypto Max, and Pro.
- The Standard+ account is a general type that works for all types of traders. It offers access to some of the most popular instruments with affordable prices and fees.
- For new and novice traders, Mini account is the most ideal. It offers low-cost trading with micro lots, allowing traders to get exposure to financial markets without risking too much money from their pockets. With this FXGT account, you can trade in forex, metals, energies, equity indices, stocks, cryptocurrencies, and the GTi12 index.
- The Pro account, on the other hand, is designed for advanced traders who are comfortable trading on their own within a professional framework. Enjoy trading with free commissions and diversify your portfolio with hundreds of instruments including some of the rarest options like DeFi tokens and NFTs. To get even greater gains, use a maximum leverage of 1:1000 and low spreads starting from 5 pips.
- If you want to trade with raw spreads, open an ECN account. The commission is also very competitive, starting from $6 per round turn on forex pairs.
- Meanwhile, the Crypto Max account is specifically made for all crypto enthusiasts. It offers easy access to 24/7 crypto markets, allowing you to trade in an impressive selection of digital currencies.
The Benefits of Opening an Account in FXGT
- Easy and straightforward: It takes only a few minutes to open a new account in FXGT. You can then immediately use the account to make trades and grab market opportunities.
- Multiple account choices: There are five FXGT account types to suit all trader profiles, styles, and needs. In FXGT, you can open up to 6 live accounts and 2 demo accounts of the same currency.
- Practice with a demo account: If you want to test the platform or try different trading strategies before going into the real market, you can open a demo account. It is completely free and available to all clients.
- Bonus promotions: Enjoy loads of bonus programs as an FXGT client, including the 100% welcome bonus for the first deposit into your account.
FXGT broker is a trusted global company that was founded in 2019. The broker has a good reputation for offering a diverse list of tradable instruments such as forex pairs, stocks, indices, commodities, cryptocurrencies, and even NFTs. It also provides competitive prices and many educational resources for beginner traders.