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FXGT.Com Review and Rating 2023

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Considering FXGT.com as your reliable broker? Our FXGT.com review will assess their reliability and outline the benefits of trading with this broker. Make sure to read before opening an account.

FXGT.com has been authorized and regulated by reputable entities such as the Financial Sector Conduct Authority (FSCA), Vanuatu Financial Services Commission (VFSA) and the Seychelles Financial Services Authority (FSA). The broker is also licensed by the Cyprus Securities and Exchange Commission (CySEC) for institutional clients. 

With over 140 instruments available for trading including Forex, Cryptos, Indices, Metals, Energy and Stocks, and up to 1:1000 leverage, there are ample opportunities for traders.

Here at AtoZMarkets.com, we take into consideration the safety of our readers as our top priority. We conduct thorough investigations by delving into the history, reputation and biography of brokers. We do not just rely on public information, but we also open live and demo accounts to test brokers directly.

Our standards are applied rigorously for all broker reviews, and the FXGT.com review is no exception. We encourage readers to read our article on how we conduct our broker reviews for further information. Before opening an account with FXGT.com, it's important to do your research and read our review to ensure that it's the right choice for you.

Overview

Company
8/10
Trust
8/10
Trading Platform
8/10
Account Types
8/10
Costs
7/10
Customer Support
8/10
Regulation
8/10

Company

8 /10

FXGT.com is a regulated and licensed broker offering trading on Forex, CFDs,Cryptos and Stocks. With headquarters in Victoria, Seychelles, FXGT.com is a well-established forex broker that provides traders with access to the global markets.

Traders can benefit from their wide range of trading instruments, multiple account types, and a variety of trading platforms.

The broker also provides traders with competitive spreads and leverage up to 1:1000. Furthermore, they offer promotions such as demo accounts for new traders to practice their skills before investing real money.

Products Offered by FXGT.com

FXGT.com is a regulated and licensed broker offering trading on 10 different asset classes, including Forex, Crypto Pairs, Synthetic Crypto Pairs, Precious Metals, Energies, Indices, the GTi12 Index, Stocks, DeFi Tokens and NFTs.

Forex

Forex (Foreign Exchange) is the most popular asset class offered by FXGT.com. It allows traders to speculate on the exchange rate between two currencies in order to profit from changes in their relative values. FXGT.com offers more than 50 currency pairs for trading with competitive spreads and leverage options.

Crypto Pairs & Synthetic Crypto Pairs

Crypto Pairs are digital assets that are traded against each other on the FXGT.com platform. They include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP) and many more. Synthetic Crypto Pairs are synthetic versions of crypto pairs which allow traders to take advantage of price movements without having to own the underlying asset.

Precious Metals

FXGT.com also offers trading in precious metals such as gold and silver. These metals can be traded against major currencies like USD or EUR in order to benefit from their price movements.

Energies

Energies are commodities such as oil and natural gas that can be traded on the FXGT.com platform. Traders can take advantage of price movements in these commodities by speculating on their prices against major currencies like USD or EUR.

Indices & GTi12 Index

Indices are financial instruments that measure the performance of a group of stocks or other assets over time. The GTi12 Index is a proprietary index created by FXGT.com which measures the performance of 12 global indices across all asset classes offered by FXGT.com.

Stocks & DeFi Tokens

Stocks are shares of publicly traded companies which can be bought and sold on exchanges such as FXGT.com's platform. DeFi Tokens are digital tokens issued by decentralized finance projects which offer access to various financial services such as lending and borrowing platforms.

NFTs

Non-fungible tokens (NFTs) are digital assets that represent ownership over unique items such as artworks or collectibles which can be bought and sold on exchanges such as FXGT.com's platform.

FXGT.com Bonuses & Promotions

With FXGT.com 25% loyalty bonus, you can receive up to $10,000 in rewards simply by transferring funds into your Mini and/or Standard+ account.

The process is simple: for every transfer you make, you'll receive a 25% bonus until you reach the $10,000 limit. And the more you deposit, the higher your bonus will be!

Don't miss out on the chance to power up your next deposit and boost your trading potential. Your loyalty will be rewarded with the FXGT.com 25% Loyalty Bonus. So why wait? Start depositing today and watch your trading potential soar!

Spreads and Leverage

FXGT.com offers some of the best trading conditions in the industry, including spreads from as low as 0 pips and dynamic leverage up to 1:1000.

The dynamic leverage offered by FXGT.com also allows traders to take advantage of larger positions with less capital outlay. This means that traders can potentially increase their profits while still managing risk effectively.

FXGT.com Pros and Cons

FXGT.com is a popular online trading platform that provides access to various financial instruments such as forex, stocks, commodities, and cryptocurrencies. While it offers numerous benefits, it also has drawbacks that users should consider before signing up. Here are the pros and cons of using FXGT.com:

Pros

User-friendly interface: FXGT.com has a sleek and intuitive platform design that is easy to navigate even for beginners. The user interface is available in multiple languages, making it accessible to users from different countries.

Access to multiple assets: FXGT.com provides access to a variety of financial assets, including forex, stocks, commodities, and cryptocurrencies. This allows traders to diversify their portfolio and take advantage of market opportunities.

Advanced trading tools: FXGT.com offers advanced trading tools such as charts, indicators, and technical analysis tools that help traders make informed decisions. These tools are useful for both novice and experienced traders.

Customer support: FXGT.com has a dedicated customer support team that is available 24/7 to assist users with any issues or questions. The support team is knowledgeable and responsive, providing timely solutions.

Regulated broker: FXGT.com is a regulated broker, which means that it operates under strict guidelines and regulations. This provides users with added security and peace of mind when trading on the platform.

Cons

Not Available: FXGT.com is not available in the USA or the European Union.  

How to Open an Account with FXGT.com

Opening an account with FXGT.com is a simple and straightforward process. Here are the steps you need to take to get started:

  • Visit the FXGT.com website at https://fxgt.com/ and click on the "Open Account" button.
  • Fill out the registration form with your personal information, including your name, email address, and country of residence.
  • Once you have completed the registration form, you will be asked to generate a code using your Google Authenticator app and enter it into the box provided in order to confirm your identity.
  • After confirming your identity, you will be taken to the Client Portal page where you can choose from one of four different account types: Mini Account, Standard+ Account, PRO Account or ECN Account. Each account type has its own unique features and trading conditions so make sure to read up on them before making a decision.
  • Once you have chosen an account type, you can then proceed to deposit funds into your trading account in order to start trading with FXGT.com. You can deposit funds using a wide range of payment options in local currencies as well as both fiat and crypto currencies with $0 transaction fees!
  • After depositing funds into your trading account, you are now ready to start trading with FXGT.com!

 

Trust

8 /10

At FXGT.com, the safety and security of clients' funds is top priority. To ensure complete protection, they have implemented several measures that guarantee the safety of your money at all times.

Firstly, FXGT.com keeps client funds entirely separate from their own operational funds in highly rated banking institutions. This means that your funds are never at risk of being used for any purpose other than your trading activities.

Secondly, FXGT.com employs advanced encryption technology to secure your data. Your information and trading activities are stored on secure servers with strong firewalls, and all data transmission is encrypted to prevent unauthorized access and data theft.

FXGT.com also has strong partnerships with Tier 1 Banks to ensure that client funds are deposited in creditworthy financial institutions. Additionally, they offer negative balance protection, which means you cannot lose more than what you have deposited into your live trading accounts.

To further mitigate potential risks, FXGT.com has established a range of policies and procedures to ensure the safety of your funds. Your funds are constantly monitored to effectively identify and limit potential risks. The company also maintains a capital adequacy ratio of 40%, which is four times more than the typical capital-to-risk weighted exposure ratio required by reputable regulators.

In addition, FXGT.com offers liability insurance of up to €1,000,000 to cover potential financial losses resulting from errors, omissions, negligence, or other risks. All these measures combine to establish trust and confidence in FXGT.com as a secure and reliable platform for trading.

Trading Platform

8 /10

FXGT.com offers a variety of trading platforms designed to cater to the diverse needs of traders. With advanced features, competitive offerings, and excellent customer support, FXGT.com is a reliable choice for individuals looking to participate in the financial markets. Here is an overview of the trading platforms provided by FXGT.com:

MetaTrader 5

MetaTrader 5 (MT5) is a widely recognized and highly popular trading platform used by traders worldwide. It offers a range of advanced features, including:

Advanced Back Testing: MT5 provides a robust backtesting environment that allows traders to evaluate and optimize trading strategies based on historical data. This feature assists in making informed trading decisions.

Market Depth: MT5 offers market depth functionality, enabling traders to access real-time data on bid and ask prices for different financial instruments. This information helps traders gauge market liquidity and make more accurate trading decisions.

Enhanced Charting: MT5 provides comprehensive charting capabilities, allowing traders to analyze price movements, apply technical indicators, and identify patterns to inform their trading strategies.

Hedging Support: Traders using MT5 can take advantage of hedging, which enables them to open multiple positions on the same instrument simultaneously. This feature offers greater flexibility in managing risk and implementing various trading strategies.

Traditional Timeframes: MT5 supports a wide range of traditional timeframes, providing traders with diverse options for analyzing and interpreting price data.

MetaTrader 4

FXGT.com also offers the MetaTrader 4 (MT4) platform, which has a solid reputation and continues to be popular among traders. MT4 shares some key features with MT5:

Hedging Support: Similar to MT5, MT4 supports hedging, allowing traders to employ different hedging strategies to mitigate risk.

Traditional Timeframes: MT4 also provides a variety of traditional timeframes, giving traders the ability to analyze price data using their preferred time intervals.

Web Trader

FXGT.com's Web Trader platform offers traders the flexibility to access their trading accounts from any device with an internet connection. It includes the full functionality of MT5, providing an intuitive and user-friendly interface for executing trades and monitoring market movements.

Access from Any Device: Web Trader allows traders to access their accounts and trade from desktop computers, laptops, tablets, or smartphones, providing convenience and flexibility.

Easy-to-Use Interface: Web Trader features a user-friendly interface, making it accessible to traders of all experience levels. It offers a seamless trading experience with intuitive navigation and comprehensive tools.

Full Functionality of MT5: Web Trader provides all the advanced features and capabilities of MT5, including in-depth charting, technical indicators, and order execution options.

Mobile Apps

FXGT.com offers mobile trading apps compatible with both iOS and Android devices. These mobile apps provide traders with the convenience of accessing their trading accounts on the go, offering:

The mobile apps deliver the complete range of features and tools available on the desktop version of MT5. Traders can execute trades, monitor markets, and analyze price data using their mobile devices.

VPS Sponsorship

FXGT.com provides VPS sponsorship, allowing traders to rent dedicated servers for their trading activities. This offering comes with several advantages:

Dedicated Server for Trading: VPS sponsorship provides traders with a dedicated server, ensuring optimal performance and reliability for their trading activities.

Increased Speed and Performance: By utilizing a VPS, traders can experience increased execution speed and reduced latency, leading to more efficient trade execution and potentially better trading results.

Reduced Latency: VPS sponsorship helps minimize latency issues, which can be crucial for traders who rely on fast order execution and need to react quickly to market movements.

Account Types

8 /10

FXGT.com offers a variety of account types to suit the needs of different types of traders. These include Mini, Standard+, PRO and ECN accounts.

Mini Account

The Mini Account is ideal for novice traders who are just starting out in the world of trading. It has low minimum deposits and allows users to trade with leverage up to 1:1000. This account type also offers tight spreads, fast execution speeds and access to a wide range of markets.

Standard+ Account

The Standard+ Account is designed for experienced traders who want access to even more advanced features such as advanced charting tools, automated trading systems and access to multiple trading platforms. This account type also offers competitive spreads, fast execution speeds and leverage up to 1:1000.

PRO Account

The PRO Account is designed for professional traders who require the most advanced features available such as high-end charting tools, automated trading systems and access to multiple trading platforms. This account type also offers tight spreads, fast execution speeds and leverage up to 1:1000.

ECN Account

The ECN Account is designed for experienced traders who want direct market access with no dealing desk intervention. This account type also offers tight spreads, fast execution speeds and leverage up to 1:1000. Traders can expect to pay up to $6 round-turn on all FX Asset Classes, which is significantly lower compared to some other brokers in the market. When it comes to Precious Metals, traders can expect to pay up to $5 round turn, which is also competitive. Additionally, the commission fee for Crypto Asset Classes is set at a flat rate of 0.1% round-turn.

Costs

7 /10

FXGT.com Fees and Commissions

FXGT.com is a trading platform that provides freedom of choice, innovation, and transparency to its users. The platform offers fee-free deposit and withdrawals, which means that traders can easily deposit and withdraw funds without worrying about any fees.

Trading with 0 pips on the Mini, Standard+, Crypto Max and PRO accounts is commission-free. This means that traders can enjoy full benefits of these accounts without any commission charges.

However, for traders who prefer to trade with raw spreads on the ECN account, there are competitive commissions charged separately. This offers an advantage to scalpers and short-term traders. The commissions charged on the ECN account are up to $6 round-turn for Forex Pairs, up to $5 round-turn for Precious Metals, and 0.1% round-turn on all Crypto Asset Classes.

Deposit and Withdrawal

FXGT.com requires a minimum deposit of $5, which is quite affordable for traders. The fee-free deposit option makes it easy for traders to fund their accounts without incurring any extra charges. Similarly, the platform also offers fee-free withdrawals, which means that traders can easily withdraw their earnings without worrying about any fees.

Customer Support

8 /10

FXGT.com provides multilingual customer support and is available 24/7. Customers can get in touch with the support team via live chat, email or form submission. The most recommended way to contact the support team is through Live Chat.

The customer support team is knowledgeable and experienced in helping customers with their queries and issues. They are also well-versed in the latest trading technologies, such as MT5 trading platform, so they can provide customers with up-to-date information about trading products and services.

Overall, FXGT.com provides excellent customer service and support that helps traders make informed decisions when it comes to investing in the financial markets.

Regulation

8 /10

FXGT.com is a fully regulated broker, committed to upholding the highest regulatory standards and capital adequacy ratios. FXGT.com states that the company takes pride in being transparent and accountable for their operations and strives to provide its clients with a safe and secure trading environment.

Regulatory Authorities Overseeing FXGT.com

FXGT.com operates under the supervision of three regulatory authorities - The Seychelles Financial Services Authority (SFSA), the South African Financial Services Conduct Authority (FSCA) and Vanuatu Financial Services Commission (VFSC).

  • 360 Degrees Markets Ltd, registered in Seychelles, is regulated by the SFSA.
  • GT IO Markets (PTY) Ltd, registered in South Africa, is regulated by the FSCA.
  • GT Global Markets Ltd, registered in Vanuatu, is licensed and regulated by the VFSC.

FXGT also holds a valid license from CySEC, the Cyprus Securities and Exchange Commission, which permits it to cater to institutional clients. This further highlights the company's commitment to adhering to regulatory standards and providing a secure and transparent trading environment for its clients.

Strict Compliance and Security Measures

FXGT.com adheres to strict compliance and security measures set forth by the regulatory authorities. Our clients' funds are kept in segregated accounts, ensuring that they are protected from any unforeseen circumstances. We also use advanced encryption technologies to safeguard sensitive information and prevent unauthorized access.

In summary, FXGT.com operates under strict regulatory standards set by the SFSA, FSCA, and VFSC. As a client, you can be assured of our commitment to providing a safe and secure trading environment that adheres to the highest standards of integrity and transparency.

Conclusion

FXGT.com is a reliable broker that offers traders with competitive spreads, fast execution speeds and low minimum deposits. The variety of account types offered by FXGT.com ensures that the needs of different types of traders are met. Additionally, the customer support team is knowledgeable and experienced in helping customers with their queries and issues. All these features make FXGT.com an excellent choice for both novice and experienced traders. 

Overall, FXGT.com is an ideal choice for traders who are looking for a reliable broker that offers competitive trading conditions and excellent customer service. If you are interested in exploring the features offered by FXGT.com, we recommend that you open an account today and start trading. Good luck!

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