This FXGT.com review delves into the world of forex and CFD trading, examining various financial instruments, trading fees, leverage options, and more. Discover the user experience, customer support, account types, payment methods, and the integration of cryptocurrencies on FXGT.com.
We also assess security measures, regulatory compliance, trading tools, market analysis, the mobile trading app, educational resources, and the vibrant trading community. Here’s how FXGT.com stands among its competitors in the online trading landscape.
FXGT.com
www.fxgt.com%22 loading="lazy" data-src="fxgt-logo.html">- FXGT.com
- FXGT.com review at a glance
- What is FXGT.com?
- What can I trade on FXGT.com?
- Features and tools from FXGT.com
- The GTi12: native crypto index of FXGT.com
- Where is FXGT.com available?
- How does FXGT.com compare to others?
- Does FXGT.com offer a demo account?
- Does FXGT.com have good customer support?
- How we tested FXGT.com
- Invest responsibly
- FXGT.com: Tailored excellence for experienced traders
- Frequently asked questions
FXGT.com review at a glance
FXGT.com is a versatile online trading platform that caters to traders of various skill levels. While the platform cannot guarantee success for inexperienced traders, it offers a robust set of tools and resources that can significantly benefit expert traders. In the world of online trading, FXGT.com is a solid choice for experienced users.
| Criteria | User experience | Customer support | Compared to competitors | Fees | Features | BeInCrypto score |
| Score | 5/5 | 5/5 | 4/5 | 4/5 | 5/5 | 4.8 |
What is FXGT.com?
Founded in Seychelles in 2019, FXGT.com stands tall as one of the top-2 online crypto, forex, and CFD brokers in Japan. Initially setting its base in the Japanese market, FXGT.com has expanded its influence, now having a significant presence in the Philippines as well.
The platform shows its focus on product quality and user needs with a cutting-edge interface and a dedication to high standards.
While FXGT.com is designed to serve traders of all experience levels with varied account types, its clear advantage lies in serving experienced traders. These seasoned professionals can utilize the platform’s advanced features, particularly under the PRO account, which provides access to 12 unique trading tools optimized for both MT5 and MT4.
Furthermore, FXGT.com is the only broker to offer its own GTi12 index – a combination of the 12 largest crypto-assets. If you are new to trading, we recommend exploring the demo account first to learn how to use this powerful platform before starting using advanced tools.
It also offers a wide range of trading options and provides valuable market research tools to help you make informed decisions. Plus, the broker keeps its users happy with regular customer bonus offers.
FXGT.com is always improving its offerings. It has a resource center with lots of helpful information, a real-time economic calendar, useful eBooks, and a detailed glossary to help traders succeed.
“(Our) dedication to offering a safe and reliable trading experience marks our brand out as a market leader in terms of fund security, whilst our generous, regular promotions and bonuses reward traders for both their loyalty and their success.”
Constantinos Pavlides, CMO of FXGT.com
What can I trade on FXGT.com?
In addition to traditional forex trading, FXGT.com also provides a diverse array of cryptocurrency pairs, expanding horizons for users interested in crypto forex trading. Using one single account, FXGT.com clients can access over 1,000 trading instruments.
The most popular include:
- Forex
- Cryptocurrencies
- Synthetic cryptocurrency pairs
- Precious metals
- Energies
- Equity indices
- GTi12
- Stocks
- DeFi tokens
- NFTs
The GTi12 Index, offered by FXGT.com, is an innovative trading instrument that allows traders to speculate on the performance and price movements of the cryptocurrency market using a single crypto CFD instrument. This index comprises 12 key cryptocurrencies, selected based on criteria such as market capitalization, liquidity, utility, popularity, and innovation within the crypto community. The unique pricing of the GTi12 Index is equally weighted with the prices of these 12 cryptocurrencies, which are reviewed and updated quarterly.
Traders can access live historical performance data for the GTi12 Index, including performance over various time frames. The trading conditions for this index include competitive spreads, leverage of up to 100, and the flexibility to trade 24/7.
However, it’s important to note that the GTi12 Index carries certain limitations and risks, including sensitivity to market volatility, data availability, and external factors that may impact its value. Traders should be aware of these risks when trading this unique cryptocurrency index on FXGT.com.
Features and tools from FXGT.com
Trading platforms
FXGT.com offers its clients a user-friendly MetaTrader 5 (MT5) trading platform. It’s a technologically advanced tool to make trading easier. The broker also offers MetaTrader 4 (MT4), a platform popular with forex traders worldwide.
By adding MT4 alongside MT5, the platform successfully caters to different traders and expert advisors. Notably, MT4 still has a strong presence in certain global regions and specific trading strategies. This aligns with its commitment to provide a wide range of trading choices and strategies, staying true to its “Any Trade, Any Strategy,” promise.
MetaTrader 4 (MT4)
- This award-winning platform is versatile and user-friendly, with customizable functions.
- It supports automated trading with technical indicators and pre-installed EAs (expert advisors) using MQL4 language.
- You can employ hedging strategies, trading short and long positions on the same market instrument.
- It offers a range of traditional chart timeframes, from one minute to one month.
MetaTrader 5 (MT5)
- MT5 is known for its enhanced speed and quick order execution on 64-bit operating systems.
- Traders can access 38 built-in indicators, 46 graphical objects, and 22 analytical tools.
- It features advanced back-testing capabilities for trading strategies, including multicurrency back-testing.
- Market depth is increased, with up to 21 chart timeframes available.
VPS hosting (Virtual Private Server)
- VPS hosting ensures secure and high-speed forex trading on MetaTrader platforms, even when offline.
- FXGT.com’s VPS runs its private operating system, minimizing downtime and safeguarding against power loss, hardware failures, or connection issues.
- Traders can enhance their trading with VPS hosting, allowing their EAs to run continuously.
GTLot
- GTLot is a unique platform developed by FXGT.com to assess and standardize trading volumes across various asset classes and market instruments.
- It simplifies parameters such as denomination, nominal value, and contract sizes into a comparable unit.
- 1 GTLot is equivalent to 100,000 USD in terms of trade volume.
FXGT.com offers four distinct account types designed to cater to the specific needs of different trading styles, each with varying spreads, commissions, swap rates, and more. Here are the various trading accounts provided by FXGT.com, along with their unique features:
- PRO account:
- Designed for the most discerning traders seeking optimal trading conditions.
- Features ultra-low spreads, zero commission, and swap-free trading on FX, Cryptos, Metals, Indices, and Energies.
- It offers the best trading conditions of any account type,
- ECN account:
- Ideal for trading with raw spreads that mirror real market conditions across various asset classes.
- Offers highly competitive commissions.
- Swap-free trading on crypto, gold, and indices
- Mini account:
- Perfectly suited for novice traders looking to get acquainted with the financial market.
- Allows trading with micro lots, enabling traders to build confidence while exploring different asset classes.
- Standard+ account:
- Suitable for both domestic and international traders.
- Provides access to a diverse range of securities and allows trading across various market instruments.
- Offers exciting rewards and promotions to enhance the trading experience.
FXGT.com accounts comparison
| PRO | ECN | MINI | STANDARD+ | |
| Contract size | 100,000 | 100,000 | 100,000 | 100,000 |
| Asset classes | FX pairs, indices, metals, energies, stocks, cryptos, synthetic cryptos, GTi12 index, DeFi tokens, NFTs | FX pairs, indices, metals, energies, stocks, cryptos, synthetic cryptos, GTi12 index | FX pairs, indices, metals, energies, stocks, cryptos, GTi12 index | FX pairs, indices, metals, energies, stocks, cryptos, synthetic cryptos, GTi12 index |
| Spreads | Five points | 0 points | 10 points | 10 points |
| Commission /transaction fees | $0 | FX Asset Classes- up to $6Metals – up to $5Crypto – 0.1% | $0 | $0 |
| Leverage * | Up to 1:1000 | Up to 1:1000 | Up to 1:1000 | Up to 1:1000 |
| Minimum trade Size | 0.01 | 0.01 | 0.01 | 0.01 |
| Maximum trade size | 200 Lots | 200 Lots | 200 Lots | 100 Lots |
| Maximum volume limit | 200 Lots | 200 Lots | 500 Lots | 200 Lots |
| Margin call | 50% | 70% | 70% | 70% |
| Stop out | 20% | 40% | 40% | 40% |
| Max positions | 200 | 200 | 150 | 100 |
| Max pending orders | 200 | 200 | 150 | 100 |
FXGT.com offers maximum leverage for each account based on individual volume. All accounts have a negative balance protection. All accounts have limit and stop limits.
Loyalty bonus
For Mini and Standard+ accounts, clients will receive a 25% loyalty bonus on all deposits. The bonus is capped at a maximum of $10,000 and is automatically credited to your account when the transfer is completed.
FXGT.com leverage and margin
FXGT.com employs a dynamic leverage model that adjusts the leverage required in real-time based on a trader’s specific trading position.
The maximum leverage offered by FXGT.com can be up to 1:1000 but varies depending on the risk associated with different asset classes and the type of instrument being traded.
This dynamic leverage approach helps align the trader’s risk tolerance. It allows traders to optimize their potential while adhering to robust risk management strategies, especially when engaging in substantial trading volumes.
Here are the maximum leverage ratios for various financial instruments offered by FXGT.com:
- Forex major pairs: 1:1000
- Forex minor pairs: 1:1000
- Forex exotic pairs: 1:500
- Synthetic cryptos: 1:50
- BTC/LTC/ETH/BCH/XRP: 1:1000
- ADA/DOT/XLM: 1:1000
- Metals: 1:1000
- Energies: 1:100
- Equity Indices: 1:100
- USI SVI AII: 1:10
- GTi12: 1:100
- NFTs/coins/DeFi token/DOG/SHB: 1:50
- Stocks: 1:50
These leverage ratios are designed to suit the characteristics and risk profiles of each financial instrument, providing traders with flexibility and options to align with their trading strategies and preferences. We found this dynamic leverage model to be a highly attractive model for advanced traders and one of the key benefits of using this platform.
FXGT.com fees
Trading costs at FXGT.com are influenced by factors such as margins, spreads, and commissions. Let’s take a closer look at the deposit and withdrawal fees, as well as other trading commissions and costs associated with trading on FXGT.com.
Trading commissions and fees
One of the standout features of FXGT.com is its incredibly low spreads. The platform offers spreads starting from zero points, allowing traders to access raw spreads when using an ECN account. The tightest spreads can go up to 10 points for Mini and Standard+ accounts.
As for commissions or transaction fees, PRO, Mini, and Standard+ accounts have no commissions, meaning they are commission-free.
However, for ECN accounts, FXGT.com may charge the following fees:
- $6 for forex trading
- $5 for precious metals trading
- 0.1% for crypto asset trading
Additionally, FXGT.com offers swap-free trading for most market instruments and account types. But it’s worth noting that swap fees may apply for stock and commodity trading if traders hold positions overnight.
FXGT.com deposit and withdrawal options
Traders at FXGT.com have a variety of options for making deposits and withdrawals. The platform supports a wide range of payment methods in both local fiat and cryptocurrencies, including popular e-wallets, crypto wallets, and global payment systems.
Deposit methods at FXGT.com include:
- Visa
- GCV MasterCard
- Bitcoin
- Ethereum
- Ripple
- Cardano
- Tether ERC20
- Tether TRC20
- BitWallet
- StickPay
- Instant Local Bank Transfer
- Binance Pay
- Bank wire
- Neteller
- 1-2-Pay
Notably, FXGT.com does not charge deposit fees except for bank wire transfers. Most of these payment options offer instant deposits, except for a few cryptocurrencies and bank wire transfers.
Regarding minimum deposit amounts, they vary depending on the chosen payment method. Debit or credit card payments typically have lower minimum deposit requirements compared to bank wire transfers. As for withdrawals, traders can withdraw funds using the same payment method used for deposits.
Withdrawals can be made via debit or credit cards, cryptocurrencies, e-wallets, bank transfers, or ETFs. Depending on the chosen payment method, funds are usually received within 48 hours to five business working days. It’s important to note that the minimum withdrawal amount may vary, so traders should refer to the official website for specific details. However, irrespective of the withdrawal amount, FXGT.com does not charge any fees for withdrawing money except for bank wire transfers.
The GTi12: native crypto index of FXGT.com
A standout feature of FXGT.com is its own index GTi12. This specialized crypto index is custom-made for traders who want exposure to the big cryptocurrencies, without the need to track each coin individually.
Key aspects of the GTi12 Index:
- Composition: The GTi12 crypto index excludes stablecoins, focusing instead on powerhouse cryptos like XRP, BTC, LTC, ETH, and SOL. This careful curation ensures the index accurately represents the top 12 high-performing cryptocurrencies in the market.
- Review mechanism: FXGT takes the relevance of the GTi12 seriously, reviewing its composition every three months. Inclusion criteria revolve around market cap, liquidity, and the crypto’s availability on the platform.
- Unique weighting method: The GTi12 sets itself apart from typical price-weighted indices by employing the geometric mean to track growth. This ensures each cryptocurrency within the index influences its value evenly, preventing any single coin from unfairly influencing the index.
Where is FXGT.com available?
The broker has a strong presence in the Middle East, Africa, and Asia markets with ambitions to expand. Since FXGT.com is offering its services in different countries, it is operated by different companies with valid licenses in those countries:
- Seychelles. Regulated and licensed by the Seychelles Financial Services Authority (FSA), under the Securities Dealer’s License Number SD019.
- South Africa. Operated by GT IO Markets Ltd and regulated by the Financial Sector Conduct Authority.
- Vanuatu. Operated by GT Global Markets Ltd and regulated by the Vanuatu Financial Services Commission (VFSC), with License Number 700601.
- Cyprus. Operated by TEC International Ltd and 180 Degree Services Ltd, with license and regulation under the Cyprus Securities and Exchange Commission (CySEC) for institutional traders license number 382/20.
FXGT.com review: Pros and cons
After examining the main features in this FXGT.com review, let’s point out the main pros and cons that affect clients of the online trading platform.
Pros
- Multiple licenses. FXGT.com is licensed by three financial regulatory authorities, namely FSA, FSCA, and VFSC, indicating a commitment to regulatory compliance and providing traders with a sense of security.
- Low minimum deposit. The initial deposit requirement ranges from $5 to $50, depending on the chosen payment method, making it accessible to a wide range of traders.
- Variable spreads. FXGT.com offers variable spreads for all account types, allowing traders to potentially benefit from competitive pricing.
- Partnership program. The broker offers a partnership program that rewards referees with $4 to $12 for each closed lot, providing an opportunity for traders to earn additional income.
- Multilingual Support Round the Clock: FXGT.com offers truly 24/7 customer support in multiple languages, ensuring traders across the globe can get assistance whenever they need it.
- Diverse account types. FXGT.com caters to different trader profiles with cent and standard accounts, as well as Pro and ECN accounts for professional traders. Notably, the first 6 days in the Pro account come with zero fees.
- Bonus programs. Traders can enjoy regular and occasional offers and bonus programs, including a no-deposit bonus and a loyalty program, enhancing the trading experience.
- Cryptocurrency support. FXGT.com allows traders to open accounts, make deposits, and withdraw funds in cryptocurrencies, offering flexibility and convenience.
Cons
- Inactivity Fee: FXGT.com charges an inactivity fee of $10 (or its equivalent) monthly after a 90-day non-active stretch on the platform, continuing until activity recommences or the account balance depletes to zero.
- VPS server availability. Access to the VPS server is contingent on meeting turnover and equity requirements, which might limit its availability for some traders.
- Lack of compensation schemes. FXGT.com does not participate in compensation schemes like the FSCS (Financial Services Compensation Scheme) or ICF (Investor Compensation Fund), potentially raising concerns for traders seeking additional protection for their investments.
- Not available in all countries. FXGT.com adheres to regional regulations and restrictions on financial service providers, which means it does not offer its services to residents of specific jurisdictions. These restricted jurisdictions include the United States of America, Canada, European Union countries, Iran, North Korea, and Belize.
How to get started with FXGT.com
FXGT.com is a dependable and secure trading platform that offers a swift registration process, sparing traders from lengthy and time-consuming verifications.
To kickstart your trading journey with FXGT.com, just follow these straightforward steps for a hassle-free experience:
1. Visit the official website www.fxgt.com and locate the “Register Now” button in the upper right corner of the landing page, highlighted in green.
2. On the registration page, you’ll find two forms — one for individual clients and another for corporate clients.
3. Fill in the required details, including your full name or corporate name, a valid email address, a unique and strong password, your country of residence, and your mobile number.
4. Next, decide whether you want to create a live trading account or a demo account. A demo account allows you to explore FXGT.com’s features without using real money.
5. Review and confirm your agreement with the website’s terms and conditions as well as its privacy policy, then click the green “Register” button.
6. Verify your email. FXGT.com will send an activation link to your registered email address for verification.
7. Click on the activation link, and you’re all set.
You’ll now have either a demo or live trading account, ready to start your trading journey on the platform. This enables both professional and novice traders, as well as retail clients, to commence trading activities with ease.
How does FXGT.com compare to others?
FXGT.com stands out as it caters so well to advanced traders (but is easy to use for all) and is particularly enticing for those searching for swap-free trading on crypto, gold, and indices. However, if you find that FXGT.com isn’t exactly right for your requirements, check out these alternatives:
- AvaTrade is a reputable online brokerage known for its user-friendly platform and comprehensive educational resources. It can be an alternative to FXGT.com due to its focus on providing educational materials for traders of all levels and a wide range of trading instruments.
- eToro stands out for its unique social trading features, allowing users to copy the trades of experienced investors. This platform could be an alternative to FXGT.com for those interested in social trading and seeking a diverse community of traders.
- IG is a well-established broker with a strong global presence. It offers a wide range of markets, advanced charting tools, and competitive spreads. IG can be an alternative to FXGT.com for traders looking for a reliable and feature-rich platform.
- Capex is known for its user-friendly interface and customer support. It could be an alternative to FXGT.com for traders who prioritize accessibility and responsive client services.
- CMC Markets is recognized for its powerful trading platform and research tools. It may serve as an alternative to FXGT.com for traders who require advanced technical analysis capabilities and in-depth market research.
Does FXGT.com offer a demo account?
Yes, FXGT.com offers a 100% free demo account for traders. This demo account provides traders with access to the same functions, features, and options that they would typically find on a live trading account. It’s an ideal option for beginner traders who want to learn and practice trading without incurring any trading risks or losses.
Setting up an FXGT.com demo account is a straightforward process:
- Click on the “open demo account” option.
- Fill out the form with the required basic personal information.
- Go to your email and click on the link sent to verify your account.
The FXGT.com demo account allows traders to practice forex trading for beginners in a 100% risk-free environment. While great for those starting out, it provides a valuable opportunity for all levels of traders to explore the broker’s offerings, build skills, and develop trading strategies without the fear of losing real money.
Does FXGT.com have good customer support?
Yes, FXGT.com offers excellent customer support. Traders have reported positive experiences, highlighting the fast deposit and withdrawal processes, as well as the availability of promotions like the 25% deposit bonus.
During testing, the customer support team at FXGT.com was found to be available around the clock, supporting international traders across the globe with multilingual support. This ensures that traders from various linguistic backgrounds can communicate effectively and get the assistance they need. The team can be reached through online chat, ticket, and email, primarily in the English language. The responses were quick, relevant, and knowledgeable, demonstrating professionalism and responsiveness.
How we tested FXGT.com
To assess FXGT.com, we thoroughly tested its trading features and considered how well the platform caters to the diverse needs of investors. Our evaluation also put the platform’s 24/7 multilingual local support to the test, with our global teams raising tickets to determine the extent of these offerings. We assessed the broker’s flagship tools and used comparative analysis to benchmark FXGT.com’s offering against other leading trading platforms.
Invest responsibly
It’s important to remember the importance of responsible investing. This FXGT.com review is not intended as formal investment advice, and it does not constitute an official endorsement of the platform. Rather, it represents our team’s experience testing the broker.
This review is solely provided for informational purposes only. Always conduct your own research, build a strategy, and consider your financial goals before making any investment decisions.
FXGT.com: Tailored excellence for experienced traders
Delving into the details of FXGT.com, it is evident that the platform has been finely tuned to serve the advanced demands of experienced traders. The platform distinguishes itself through a detailed emphasis on user experience, ensuring that even the most seasoned traders find the tools and features they require.
The array of account options, streamlined payment mechanisms, and strong support for cryptocurrency transactions are all testaments to its commitment to this elite clientele. For novice traders we highly recommend exploring the demo account to gain the experience needed to use this powerful platform.
The foundation of FXGT.com’s appeal lies in its steady commitment to security and following regulatory standards, strengthening its credibility. Noteworthy highlights for professionals include the attraction of competitive spreads and the tempting leverage that scales up to a staggering 1:1000. Diving deeper into the specifics, the ECN and PRO trading accounts stand as pillars of FXGT.com’s offering for pro traders. In particular, the ECN and PRO trading accounts offer distinct advantages.
The ECN account provides real market trading conditions, raw spreads across all assets, and the benefit of swap-free trading on crypto, gold, and indices. Meanwhile, the PRO account stands out with its exceptional trading conditions, featuring zero commissions, low spreads, and swap-free trading across various instruments.
Frequently asked questions
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