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BROKER REVIEW

FXGT.COM

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July 17, 2024 | 

Filan Fisteku |  0 Comments | 

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FXGT.COM REVIEW 2024: A COMPREHENSIVE GUIDE TO TRADING WITH FXGT.COM

Our Pick

Mimimum Deposit

$50

Crypto

currency
currency

Regulation

country
country
country
country

Our Score

9.6

Our Pick

FXGT.com is a globally recognized online trading platform known for its diverse range of tradable instruments and advanced trading features. This detailed review covers everything you need to know about FXGT.com, from general information and trading features to regulations and customer service. Whether you are an experienced trader or a beginner, this guide will help you decide if FXGT.com is the right broker for you.

General Risk Warning

Trading financial instruments such as forex and CFDs carries a high level of risk and may not be suitable for all investors. Before deciding to trade with FXGT.com, it's important to understand the risks involved and seek independent financial advice if necessary.

FXGT.com Full Review

FXGT.com offers a comprehensive suite of trading services designed to meet the needs of traders worldwide. This full review explores the broker’s features, account types, trading platforms, and overall user experience.

General Information & First Impressions

Founded in 2019, FXGT.com has quickly established itself as a reputable broker offering a wide range of trading instruments. The platform is user-friendly and provides access to various markets, including forex, commodities, indices, cryptocurrencies, and synthetic cryptos. FXGT.com aims to provide a seamless trading experience with a focus on transparency and customer satisfaction.

FXGT.com Pros and Cons

Pros:

  • Regulated by multiple authorities (FSA, FSCA, VFSC, CySEC)
  • Competitive spreads and low fees
  • Wide range of tradable instruments
  • Advanced trading platforms (MT4, MT5)
  • Strong educational resources

Cons:

  • Limited customer support hours
  • Higher minimum deposit for premium accounts

Who Is FXGT.com For?

FXGT.com is suitable for both beginner and experienced traders. Beginners will benefit from the extensive educational resources and user-friendly platforms, while experienced traders will appreciate the competitive spreads, diverse trading instruments, and advanced trading tools.

Account Types and Benefits

FXGT.com offers several account types to cater to different trading needs:

Account Type Minimum Deposit Spreads From Commission Leverage Features
Standard $100 1.0 pips None Up to 1:500 Access to all trading instruments, educational resources
Mini $5 1.0 pips None Up to 1:500 Lower minimum deposit, suitable for beginners
ECN $200 0.0 pips $6 per lot per side Up to 1:500 Lower spreads, advanced trading tools
Pro $20,000 0.0 pips $2 per lot per side Up to 1:500 Custom solutions, VIP services

FXGT.com Trading Platforms

FXGT.com provides access to several advanced trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are renowned for their advanced charting tools, technical indicators, and automated trading capabilities. Both platforms are available for desktop, web, and mobile devices, ensuring that traders can access their accounts and manage trades from anywhere.

FXGT.com Mobile Trading

The FXGT.com mobile app delivers a seamless trading experience on the go. Available for both iOS and Android devices, the app offers full account management, advanced charting, and one-click trading. Traders can stay connected to the markets and manage their portfolios anytime, anywhere.

FXGT.com Trading Features

FXGT.com offers a range of features designed to enhance the trading experience:

  • Advanced Charting Tools: Access to multiple chart types and technical indicators.
  • Multiple Order Types: Market, limit, stop-loss, and trailing stop orders.
  • Automated Trading: Support for Expert Advisors (EAs) on MT4 and MT5.
  • Risk Management Tools: Negative balance protection and customizable leverage settings.

FXGT.com Research & Education

FXGT.com provides extensive research and educational resources, including market analysis, trading guides, webinars, and tutorials. These resources are designed to help traders of all levels improve their trading skills and make informed decisions.

FXGT.com Regulations & Licensing

FXGT.com is regulated by multiple financial authorities, ensuring high standards of security and transparency:

  • Seychelles: Financial Services Authority (FSA)
  • South Africa: Financial Sector Conduct Authority (FSCA)
  • Vanuatu: Vanuatu Financial Services Commission (VFSC)
  • Cyprus: Cyprus Securities and Exchange Commission (CySEC)

FXGT.com Pricing

FXGT.com offers competitive pricing with tight spreads and low commissions. The fee structure varies by account type, with the Standard and Mini accounts having no commission and the ECN and Pro accounts offering lower spreads with a commission.

FXGT.com Deposits & Withdrawals

FXGT.com supports a variety of deposit and withdrawal methods, including bank transfers, credit/debit cards, and e-wallets. Processing times are generally quick, with most deposits being instant and withdrawals processed within 1-3 business days.

Method Deposit Fee Withdrawal Fee Processing Time
Bank Transfer None None 1-3 business days
Credit Card None None Instant
E-wallet None None Instant

Customer Support

FXGT.com provides robust customer support through multiple channels, including live chat, email, and phone support. The support team is responsive and knowledgeable, assisting with a wide range of inquiries from account setup to technical issues.

FXGT.com Trading Experience

Traders with FXGT.com can expect a smooth and efficient trading experience. The platforms are user-friendly, and the trading conditions are competitive. Additionally, the availability of MT4 and MT5 allows for flexible trading strategies and automated trading.

FXGT.com Bottom Line

FXGT.com stands out for its advanced trading platforms, competitive trading conditions, and strong educational resources. While it may have some drawbacks, such as limited customer support hours, it offers a robust trading environment suitable for both beginners and experienced traders.

FXGT.com Spreads

Instrument Typical Spread
EUR/USD 1.0 pips
GBP/USD 1.2 pips
Gold 0.3 pips
Crude Oil 0.03 pips

FXGT.com Swap Fees

Instrument Long Swap Short Swap
EUR/USD -0.0123 0.0021
GBP/USD -0.0156 0.0030
Gold -0.0050 0.0009
Crude Oil -0.0040 0.0015

Possible to Trade NFT?

As of 2024, FXGT.com does not support direct trading of NFTs (Non-Fungible Tokens). Traders interested in NFTs may need to look for specialized platforms that focus on digital assets and collectibles.

Broker Details

FXGT.com operates under the regulatory oversight of multiple financial authorities, ensuring a high level of security and transparency. The broker provides a variety of trading instruments and a user-friendly platform catering to both novice and experienced traders.

Contact Info

FXGT.com offers multiple ways to get in touch with their support team:

  • Email: [email protected]
  • Phone: +44 20 3868 3160
  • Live Chat: Available on the FXGT.com website

FXGT.com vs. eToro

When comparing FXGT.com to eToro, several differences stand out. FXGT.com offers a more traditional trading experience with competitive spreads and advanced trading tools. In contrast, eToro is known for its social trading features, allowing users to follow and copy trades from experienced investors. While both brokers cater to a wide range of traders, those seeking a social trading experience may prefer eToro, whereas traders focused on competitive pricing and advanced tools may find FXGT.com more appealing.

FXGT.com in 2024: What is New?

In 2024, FXGT.com has introduced several new features and improvements to enhance the trading experience. These include the launch of a new, more intuitive trading platform, additional trading instruments, and enhanced customer support services. The broker has also expanded its educational resources, providing more webinars, tutorials, and market analysis to help traders make informed decisions.

FAQ

Is FXGT.com a safe broker?

Yes, FXGT.com is regulated by multiple financial authorities including the FSA, FSCA, VFSC, and CySEC, ensuring a high level of security and transparency for traders.

What platforms does FXGT.com offer?

FXGT.com offers multiple trading platforms including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), both of which provide advanced charting tools and technical indicators.

Does FXGT.com charge commissions?

Yes, FXGT.com charges commissions on certain account types. The Standard and Mini accounts have no commission, while the ECN and Pro accounts offer lower spreads with a commission per lot per side.

Can I trade cryptocurrencies with FXGT.com?

Yes, FXGT.com offers a range of cryptocurrencies for trading, including Bitcoin, Ethereum, and Litecoin.

What is the minimum deposit for FXGT.com?

The minimum deposit for FXGT.com accounts is $5 for the Mini account, $100 for the Standard account, $200 for the ECN account, and $20,000 for the Pro account.

How can I contact FXGT.com customer support?

You can contact FXGT.com customer support via email, phone, or live chat on their website.

Does FXGT.com offer a demo account?

Yes, FXGT.com offers a demo account for traders to practice and familiarize themselves with the platform before trading with real money.

What are the deposit and withdrawal options with FXGT.com?

FXGT.com supports various deposit and withdrawal methods, including bank transfers, credit/debit cards, and e-wallets. Deposits are typically instant, while withdrawals are processed within 1-3 business days.

Is FXGT.com regulated?

Yes, FXGT.com is regulated by multiple financial authorities globally, including the FSA, FSCA, VFSC, and CySEC.

What leverage does FXGT.com offer?

FXGT.com offers leverage up to 1:500 for forex trading. The leverage varies for other asset classes such as commodities, indices, and cryptocurrencies.

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