FXGT.com is an international online trading platform that offers top-notch brokerage services for forex and cryptocurrency trading. Established in 2019, the company aims to provide a seamless trading experience for all users through its state-of-the-art technology, competitive spreads, and swift execution times.
Pros and Cons
Pros
- $5 Minimum Deposit
- Competitive Spreads and Leverage
- Wide Range of Trading Instruments
- Multiple Account Types
- Robust Selection of Trading Platforms
Cons
- No US Clients
Recommended For
Firstly, let’s start with the basics. FXGT.com is a forex and CFD trading platform that offers clients access to a wide range of financial instruments including forex, cryptocurrencies, commodities, stocks and indices. Their platform is available on both desktop and mobile devices, making it convenient for traders who are always on the go.
One of the standout features of FXGT.com is their user-friendly interface. The platform is very intuitive and easy to navigate, even for those who are new to trading. Additionally, they offer a range of educational resources such as webinars, weekly newsletter, educational e-books and video tutorials to help traders improve their skills and stay informed.
The brand has a reputation for ensuring the strong protection and security of funds by keeping clients’ funds separate and by maintaining one of the highest capital adequacy ratios in the industry.FXGT.com is a regulated broker that is licensed by the FSA, FSCA, VFSC, and CySEC (reserved for institutional traders) and it is trusted by traders worldwide for its robust risk management policies and procedures, which includes allowing withdrawals at any time from clients’ accounts.
FXGT.com’s recent brand refresh demonstrates its commitment to revolutionizing the trader experience, with a focus on meeting the changing needs of customers. By offering a variety of account options catering to different trading needs, exclusive promos, and an enhanced MT5 trading toolkit, FXGT.com aims to cater to all types of traders – regardless of their style or trading strategy.
Moreover, FXGT.com presents an impressive array of trading tools, market insights, technical analysis, and much more to clients who can also benefit from accessing attractive and generous bonuses, including welcome and loyalty bonuses.
Overall, FXGT.com’s newly refreshed brand identity and enhanced website, along with its reputation for reliable and secure trading, make it a broker worth considering for traders of all experience levels. Its range of account options with unique features also makes it suitable for a variety of trading needs.
Regulated By
- GT Global Ltd.(Seychelles): Licensed and regulated by the Seychelles Financial Services Authority (FSA) under the Securities Dealer’s License Number SD019.
- GT IO Markets (Pty) Ltd (South Africa): Authorized FSP with FSP Number 48896 and regulated by the Financial Sector Conduct Authority.
- GT Global Markets Ltd (Vanuatu): Licensed and regulated by the Vanuatu Financial Services Commission (VFSC) under the Principal’s License Number 700601.
- TEC International (Cyprus) Ltd: Licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 382/20. TEC International (Cyprus) Ltd focuses on offering financial and investment services exclusively to eligible counterparties. Please note that this is exclusively for institutional clients.
- GT Payment Agent Ltd. (Cyprus): Facilitates payment services to FXGT.com.
Top Features
FXGT.com, a globally multi-regulated broker, has recently refreshed its brand to better align with its purpose of revolutionizing the trader experience. As a result, the updated website now boasts several top features that set it apart in the industry:
- Enhanced MT5 trading toolkit: FXGT.com offers an improved MetaTrader 5 (MT5) trading toolkit for clients, providing them with access to a more user-friendly, technologically advanced platform.
- New Resource Center: To empower traders with competence and insights, FXGT.com has introduced a new Resource Center on their website. This hub provides valuable market research tools, technical analysis, and educational resources to help traders make informed decisions.
- Improved Economic Calendar: Staying up-to-date with market events is crucial for successful trading. FXGT.com’s enhanced Economic Calendar provides users with vital information about upcoming events that may impact financial markets.
- Multiple account options: Catering to a wide range of trading needs, FXGT.com offers various account types with unique features such as micro lots trading, raw spreads, zero swaps, and exclusive promotions.
- Attractive bonuses: To reward their clients, FXGT.com presents generous bonuses including Welcome and Loyalty bonuses. These incentives encourage client participation and offer an opportunity for traders to boost their trades.
- Trust and security: As a regulated broker licensed by FSA, FSCA, VFSC, and CySEC (reserved for institutional traders), FXGT.com ensures the protection and security of client funds by maintaining separate accounts for client deposits. Robust risk management policies and procedures are in place, including anytime withdrawals for clients.
These features, combined with FXGT.com’s renewed commitment to empowering traders with choice, access, and trust, make it a strong contender in the online brokerage industry.
Overview
|
Type of Exchange |
Market Maker |
|
Regulation & Licensing |
Financial Sector Conduct Authority (South Africa), Financial Services Authority (Seychelles), License number SD019 |
|
Clients Accepted From |
100+ Countries |
|
Assets Offered |
144+ |
|
Platforms Available |
MT5 Desktop, Web, Mobile |
|
Mobile Compatibility |
iOS, Android |
|
Payment Types Accepted |
Credit/Debit Card, Bank Wire Transfer, Bitwallet, Sitpay |
Account Types
|
|
Mini |
Standard+ |
PRO |
ECN |
|
Features |
● FX Pairs ● Equity Indices ● Metals ● Energies ● Stocks |
● FX Pairs ● Equity Indices ● Metals ● Energies ● Stocks |
● FX Pairs ● Equity Indices ● Metals ● Energies ● Stocks |
● FX Pairs ● Equity Indices ● Metals ● Energies ● Stocks |
|
Account Currencies |
● BTC, ETH, USDT, ADA, XRP, EUR, USD |
● BTC, ETH, USDT, ADA, XRP, EUR, USD |
● BTC, ETH, USDT, ADA, XRP, EUR, USD |
● BTC, ETH, USDT, ADA, XRP, EUR, USD |
|
Available Leverage |
Up to 1:1000* based on volume |
Up to 1:1000* based on volume |
Up to 1:1000* based on volume |
Up to 1:1000* based on volume |
|
Minimum Deposit |
$5 |
$5 |
$5 |
$5 |
|
Starting Spreads |
Spreads from 10 points
|
Spreads from 10 points
|
Spreads from 5 points |
Spreads from 0 points |
|
Commission Per Trade |
$0 |
$0 |
$0 |
Up to $6 round-turn on all FX Asset Classes
Up to $5 round turn for Precious Metals
0.1% round-turn on all Crypto Asset Classes |
|
Trading Instruments |
CFD, Commodities, Forex |
CFD, Commodities, Forex |
CFD, Commodities, Forex |
CFD, Commodities, Forex |
|
Min. Lot Size Per Trade |
0.01 lots per trade |
0.01 lots per trade |
0.01 lots per trade |
0.01 lots per trade |
|
Max. Lot Size Per Trade |
100 lots per trade |
200 lots per trade |
200 lots per trade |
200 lots per trade |
|
Demo Account |
Yes |
Yes |
Yes |
Yes |
|
Swap/Rollover Free |
Yes |
Yes |
Yes |
Yes |
|
Copy Trading Support |
No |
No |
No |
No |
Trading Platforms
- Multi-asset MetaTrader 5 (MT5) platform on Desktop
- Multi-asset MetaTrader 4 (MT4) platform
- Webtrader
- Mobile (IOS & Android) that support manual and automated trading with the use of Expert Advisors (EA).
Trading and Investment Tools
|
One Click Trading |
Yes |
|
Trade off Charts |
Yes |
|
Email Alerts |
Yes |
|
Mobile Alerts |
Yes |
|
Stop Order |
Yes |
|
Market Order |
Yes |
|
Trailing Stop Order |
Yes |
|
OCO Orders |
Yes |
|
Limit Order |
Yes |
|
24hr Trading |
Yes |
|
Charting Package |
Yes |
|
Streaming News Feed |
Yes |
Compliance & Regulation
As an industry player, it is essential for FXGT.com to operate within the confines of regulatory compliance to ensure a secure and trustworthy environment for its clients. When evaluating the regulatory landscape of an online broker like FXGT.com, it is crucial to understand its registered jurisdiction and the applicable regulatory authorities overseeing its operations.
FXGT.com is operated by GT Global Ltd., a company registered in Seychelles with registration number 8421720-1. The company’s registered address is Suite C, Orion Mall Palm Street, Victoria, Mahe, Seychelles. In terms of compliance, FXGT.com is regulated by the Financial Services Authority (FSA) in Seychelles under license number SD019. The FSA is tasked with ensuring financial service providers comply with international standards and local regulatory requirements. This regulatory oversight aims to maintain market integrity and promote customer protection.
To further bolster its reputation as a credible online broker, FXGT.com has implemented various measures to ensure the safety of client funds. These measures include maintaining segregated accounts for clients’ deposits at highly reputable banking institutions. This separation ensures that client funds remain untouched in case of any unforeseen financial difficulties faced by the company.
Additionally, FXGT.com employs stringent Anti-Money Laundering (AML) and Know Your Customer (KYC) policies to prevent financial crimes and illegal activities on its platform. These policies require clients to provide identification documents during account opening to verify their identity, ensuring a secure and transparent trading environment.
Moreover, FXGT.com is committed to providing its clients with a fair trading experience. To achieve this, the company has adopted a comprehensive order execution policy that ensures all orders are executed at the best possible prices, without any undue delays or slippage. This commitment to transparency and fairness in trading practices further solidifies FXGT.com’s position as a trustworthy online broker.
Overall, FXGT.com’s adherence to regulatory compliance and its robust measures for maintaining client fund security demonstrate its commitment to providing a secure and reliable trading environment. Clients can feel confident in utilizing the platform, knowing that their investments are well-protected under the watchful eye of the FSA and the company’s own stringent policies.
Fees & Commissions
-
Rollover Fee
Yes. These fees depend on the traded instrument, whether a position is long or short, and on general interest rates.
Service Details
|
Supported Languages |
English, Arabic, Malay, Spanish, Thai, Vietnamese, Turkish, Japanese |
|
Customer Service Hours |
24/5 |
|
Email Response Time |
Immediate |
|
Telephone Orders |
Yes |
|
Personal Account Manager |
Yes |
Reliability & Security
One crucial aspect of any reputable brokerage firm is its reliability as an intermediary between traders and market makers. Fortunately, based on our research into user reviews and industry ratings alike suggest that FXGT.com appears trustworthy from all angles. The company boasts top-tier security measures such as SSL encryption technology which ensures secure transactions while also being fully compliant with KYC (Know-Your-Customer) protocols. Additionally they have segregated accounts ensuring client funds are kept separate from operating capital.
User Experience
FXGT.com’s website is designed with a clean and modern aesthetic, which makes navigation relatively straightforward. The layout is intuitive, with clearly labeled tabs and sections that allow users to find what they’re looking for with ease. This user-friendly design is essential for both novice and experienced traders who need to access information quickly and efficiently.
Final Thoughts
In conclusion after reviewing what sets FXGT.com apart from its competitors, it is clear that they offer a robust trading platform with regulatory compliance at the forefront of their operations. With access to multiple account types and educational resources available for traders of all levels, FXGT.com has positioned itself as an excellent choice for those looking to navigate foreign exchange markets successfully. However, there is one caveat for US-based investors: FXGT.com does not accept clients from the United States. While this may change in the future as the regulatory landscape evolves, those residing in areas currently not served by FXGT.com and are looking to invest in forex markets will have to look elsewhere for their trading needs.
Contact Info
Company Address:
Room 12, First Floor, Kingsgate House, Independence Avenue, Victoria, Mahe, Seychelles
FAQs
Q: Are there any country restrictions?
A: FXGT.com does not provide services to residents of certain jurisdictions, such as the United States of America, Canada, European Union countries, Iran, North Korea, and Belize. This is in compliance with regional regulations and restrictions on financial service providers.
Q: When can I start trading?
A: You can start trading as soon as you register, fund your eWallet and transfer-in to your trading account. FXGT.com prides itself on offering a seamless registration process that enables clients to begin trading as quickly as possible.
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