FXGT Review

FXGT is a well-established broker since 2019. FXGT has headquarters in Seychelles, Cyprus and Vanuatu. FXGT to provide their Forex/CFD trading services to over 4 million clients.

This broker has also been regulated by FSA (Seychelles) SD019, CySEC 382/20 and VFSC 700601.

Major Information

Account Information

Apart from the forex demo account, this broker offers Standard. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by FXGT is up to 1: 500. Meanwhile, you can open an account with a starting capital of $10.

FXGT offers four live accounts: Pro, ECN, Mini, and Standard+.

• Pro: This account type offers a contract size of 100,000 and competitive spreads starting from 5 points. There are no commission or transaction fees, providing a cost-effective trading experience. Leverage up to 1:1000 is available based on volume, allowing for greater trading flexibility. The minimum trade size is 0.01 lot, making it accessible to traders with varying capital levels. Traders can access the platform through MT5/MT4 on desktop, web, and mobile devices.
• ECN: ECN account offers a contract size of 100,000 and spreads starting from 0 points. There are commission/transaction fees applicable, with up to $6 round-turn on all FX Asset Classes, up to $5 round-turn for Precious Metals, and 0.1% round-turn on all Crypto Asset Classes. Leverage of up to 1:1000 is available based on volume. Traders can start with a first transfer-in of $5 to their MT4/MT5 trading account and have a minimum trade size of 0.01 lot, making it accessible for traders with different capital levels. The trading platforms MT5/MT4 are available on desktop, web, and mobile devices.
• Mini: In Mini account, clients can enjoy a contract size of 10,000, making it suitable for traders seeking smaller trade sizes. Spreads start from 10 points, and clients can get commission-free trading, reducing overall transaction costs. With leverage of up to 1:1000 based on volume, traders can magnify their trading positions. A first transfer-in of $5 is required for the MT4/MT5 trading account, and the minimum trade size is set at 0.01 lot. The account also allows for larger trades, with a maximum trade size of 200 lots. Additionally, a swap-free account is available on request. The platform offers limit and stop levels.
• Standard+:  Spreads start from 10 points, and clients can enjoy commission-free trading, helping to reduce overall transaction costs. The minimum trade size is 0.01 lot, offering flexibility for traders with different risk preferences. Moreover, the platform allows larger trades, with a maximum trade size of 200 lots. Traders can also request a swap-free account. Additionally, the platform provides limit and stop levels, enabling traders to set precise entry and exit points for their positions. With a maximum number of 100 positions and 100 pending orders allowed, traders can effectively manage their portfolios and trading strategies. Furthermore, the platform offers negative balance protection.

Min Deposit

$10

Max Leverage

1:500

Spread

Fixed

If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:

• Standard

💲 Min Deposit $10

💡 Min Position 0.01 lot

🔢 Spread Fixed

📉 Scalping

🤖 Expert Advisors

⏱ Trailing stop

⏳ Pending orders

1️⃣ One-click trading

⚡ Automated trading

💸 Commission

Fees

FXGT offers a cost-effective trading experience with no deposit fees or inactivity fees. Traders can enjoy competitive spreads, starting from as low as 1.4 pips on major currency pairs like EUR/USD and USD/JPY. The minimum spread is an average of 1.60 pips, which includes commission fees. Popular pairs such as EUR/USD have a spread of 1.6 pips, GBP/USD has 2.2 pips, and USD/JPY has 1.6 pips. Additionally, FXGT does not charge any withdrawal fees, making it convenient for traders to access their funds. With these transparent and favorable fee structures, FXGT provides an excellent trading environment for its clients.

Instruments Traded

Besides lots of currency pair, FXGT also offers some instruments you would like to trade on, such as Forex, Gold & silver, Stocks and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

You can trade a variety of financial instruments with FXGT, including:

• Forex
• Cryptocurrencies
• Precious metals and energies
• Equity Indices, and
• Stocks

As for Standard account, FXGT specifically provides it with the following instruments and leverage:

Forex
1:500

Gold & silver
1:100

Stocks
1:50

Crypto
1:500

Payment Methods

Deposit

Withdrawal

Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.

FXGT also provides payment with bitwallet, Tether (USDT), Ripple, Local bank transfer, Ethereum, Crypto and Credit/debit cards

FAQ About FXGT

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