Compare FXGT Vs FXOpen: Which is the Better Forex Broker in 2024?
FXGT Vs FXOpen, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between FXGT Vs FXOpen, here is the direct comparison:
Compare | FXGT | FXOpen |
General Rating |
1.00/5 |
2.86/5 |
Score | ||
Trustpilot |
3.8/5 63 users |
4.2/5 12 users |
πΌ Regulation | ||
β Info | ||
β Established | 2019 | 2003 |
π² Min Deposit | $10 | $1 |
β Max Leverage | 1:500 | 1:500 |
π’ Spread | Fixed | Variable |
πΈ Commissions | $1.50 | |
π‘ Min Position | 0.01 lot | 0.01 lot |
π³ Payment | Wire transfer, Credit/debit cards, Crypto, Ethereum, Ripple, bitwallet, Tether (USDT) and Local bank transfer | Wire transfer, Credit/debit cards, FasaPay, Crypto, Litecoin, Ethereum, Crypto Cash, Tether (USDT), WebMoney and AdvCash |
π’ Office(s) |
𧩠Demo Account | ||
π Segregated Account | ||
π Islamic Account | ||
π¨βπ» PAMM Account | ||
π Managed Account |
π± Hedging | ||
πΊπΈ US traders | ||
π Swaps |
π Trading contests | ||
β‘ Automated trading | ||
π° Bonus offers | ||
π Free education |
1οΈβ£ One-click trading | ||
β± Trailing stop | ||
β³ Pending orders |
Forex | ||
CFD | ||
Indexes | ||
Spread Betting | ||
Gold & Silver | ||
Crypto | ||
Stocks | ||
Oil | ||
Metals | ||
Energies | ||
Futures | ||
ETF | ||
Options | ||
Agriculture | ||
Commodities | ||
Stock | ||
Indices | ||
Etf | ||
Bonds | ||
Binary Options | ||
ETFs | ||
Corporate Stocks | ||
Shares | ||
Silver | ||
Index | ||
Physical Stock |
π£ Website Languages | English, Japanese, Malay, Thai | Arabic, German, English, Spanish, French, Hungarian, Indonesian, Italian, Russian, Chinese, Portuguese, Thai, Turkish |
πͺ Trade Now | Open FXGT | Open FXOpen |
Compare Again
News
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FXOpen UK Forex Broker Reports 5.5% Revenue Increase
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FXOpen Introducing New ETF CFDs, Opening Doors to American, Chinese, and Indian Markets
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FXGT Unleashes Pro and ECN Accounts β Elevate Your Game Now
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FXGT Concluded Live Trading Competition, Winners Announced
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Win USD35K From FXGT First World Trading Competition
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Automated EA and Indicator Script Now Available in FXOpen
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Prioritizing Client's Convenient, FXGT Launched MT4
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FXOpen Releases New Exotic Currency Pairs on its Platform
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FXOpen Reduces the Minimum Size of Index CFDs
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See More Related FXGT News
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Article
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How to Deposit and Withdraw in FXGT
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How to Verify Account in FXGT
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How to Open Account in FXGT
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Your Guide to FXOpen Forex Contests in 2023
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FXOpen Vs Tickmill for Cryptocurrency Trading
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Is FXOpen PAMM Service Worth It?
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FXOpen ECN vs STP Account
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Your Definitive Guide to FXOpen ECN Account
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Guide to FXOpen Deposit and Withdrawal
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See More Related FXGT Article
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Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, FXGT provides their pricing with Fixed spread while FXOpen offers Variable spread.
FXGT vs FXOpen: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, FXGT enables trading with MetaTrader 5. The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, FXOpen provides trading with MetaTrader 4 (Limited with 30 days), MetaTrader 5 (Limited with 30 days), TickTrader (Limited with 30 days), TradingView, Web with the support of One-click trading, Trailing stop, Pending orders.
Is FXGT or FXOpen better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, FXGT supports trading with Forex, Gold & silver, Stocks, Crypto, while FXOpen presents the ability of trading with Crypto, Etf, Commodities, Forex, Gold & silver, CFD, Oil, Stocks, Indexes, Energies.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
Looking for more references? Here are other comparisons related to FXGT and FXOpen:
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- Compare FXOpen vs HF Markets
- Compare FXOpen vs Grand Capital
For more comparisons, visit this page.