FXGT Review 2023- Pros and Cons of Trading with FXGT Review

What is FXGT?

FXGT is an STP/NDD online broker ranking on top of the Japanese Market that offers trading services in financial instruments such as CFDs, Precious Metals, Indices, Stocks, Cryptocurrencies, Proprietary instruments (GTi12 Index & Synthetic Cryptos) with a focus on foreign exchange trading (FX). 

The company is headquartered in Seychelles and has offices around the world, including Cyprus, South Africa, and Japan.

FXGT is a reliable broker with the right licensing (FSA, FSCA, and VFSC) and regulation, they can secure clients’ protection.  FXGT has a maximum leverage ratio of 1:1000 and a minimum deposit of $5.

What Are the Pros and Cons of Trading with FXGT?

👍   Pros of FXGT

👎   Cons of FXGT

  • Well managed
  • Currently not operating in EU countries or the UK
  • Offers negative balance protection
  • Unable to accept clients from the US
  • Offering a wide range of financial products
  • Support for trading in MetaTrader 5
  • low minimum deposit
  • Offer a demo account
  • Offers Islamic account options
  • Provide adequate leverage
  • Provide adequate leverage
  • Redeem free account
  • Provide adequate leverage
  • Low minimum deposit – 5$
  • Raw spreads for ECN accounts
  • Comprehensive Trading Tool Suite
  • Regular promotions

Open Account Now

FXGT.com’s 1st Official Trading Competition

Compete for a chance to win from a $35,000 prize pool!

  • Open a live MT4 or MT5 ECN or PRO trading account
  • Have a minimum balance of 200 USD before the competition starts
  • 50 winners will be rewarded from the 35,000 USD prize pool

+ Compete for the chance to win a share of 35,000 USD!

Sign up for the competition from September 4th until September 18th. To participate you will need to have a minimum account balance of 200 USD in your live MT4 or MT5, ECN or PRO trading account before the competition begins.

On September 20th 00:00 GMT+3 server time, the competition officially kicks off and runs until October 10th 23:59 GMT+3 server time.

There will be 45 winners, who will be determined based on their Return on Investment (ROI) ranking and an additional 5 winners who will be determined based on their Profit and Loss (PnL).

Open Account Now

FXGT Reviews Account Opening

To set up an Account, follow these step-by-step instructions:

Step 1 – Visit the FXGT exchange at the following link: https://fxgt.com/. Then click the register button

Step 2 – Enter the correct registration information.

  • Enter your email address.
  • Enter a login password that contains uppercase letters, numbers, and special characters.
  • Please enter where you live.
  • Please enter your phone number.

Step 3 –Verify your email address by clicking the verification link sent to your registered email.

Step 4 –Choose a strong password that meets the specified criteria.

Step 5 –Login to FXGT my page

Step 6 –Open an MT5 or MT4 account.

Step 7 –FXGT identity verification.

Step 8 –Login to MT5 or  MT4

Open Account Now

How Many Account Types Does FXGT Offer?

Explore the range of FXGT trading accounts tailored to cater to the requirements of various traders.

Discover the ideal fit! Select from options like zero spread, swap-free, commission-free, or bonus-enhanced trading!

 

FXGT AccountPRO

Perfect For ‘Pro’ Traders

ECN

For Trading With Raw Spreads

Mini 

Ideal For New Traders

Standard+ Made For All Traders
🌐Contract Size100,000100,00010,000100,000
⚖️LeverageUp to 1:1000 based on volumeUp to 1:1000 based on volumeUp to 1:1000 based on volumeUp to 1:1000 based on volume
💳 Asset ClassesFX Pairs

Equity Indices

Metals

Energies

Stocks

Cryptos

Synthetic Cryptos

GTi12 Index

Defi Tokens

NFTs

FX Pairs

Equity Indices

Metals

Energies

Stocks

Cryptos

Synthetic Cryptos

GTi12 Index

FX Pairs

Equity Indices

Metals

Energies

Stocks

Cryptos

GTi12 Index

FX Pairs

Equity Indices

Metals

Energies

Stocks

Cryptos

Synthetic Cryptos

GTi12 Index

Spreads from5 points0 points10 points10 points
Commission / Transaction Fees$0Up 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

$0$0
First Transfer-in to MT5 Trading Account$5$5$5$5
Minimum Trade Size0.010.010.010.01
Maximum Trade Size200 Lots200 Lots200 Lots100 Lots
Maximum Volume Limit200 Lots200 Lots500 Lots200 Lots
Account CurrencyBTC, ETH, USDT, ADA, XRP, EUR, USDBTC, ETH, USDT, ADA, XRP, EUR, USDBTC, ETH, USDT, ADA, XRP, EUR, USDBTC, ETH, USDT, ADA, XRP, EUR, USD
Trading PlatformsMT5/MT4 Desktop, Web, MobileMT5/MT4 Desktop, Web, MobileMT5/MT4 Desktop, Web, MobileMT5/MT4 Desktop, Web, Mobile
Margin Call50%70%70%70%
Stop Out20%40%40%40%
Swap free days allowanceCryptos (including GTi12 & Synthetic Crypto Pairs):

completely swap-free FX, Metals, Equity Indices,

Energies: 6 days Stocks, DeFi Tokens, NFTs: 0 days

Crypto: Swap free

Equity Indices: Swap free for 3 days

XAUUSD: Swap free for 3 days

FX Pairs: Swaps charged

Other Instruments: Swaps charged

Crypto: Swap free

Equity Indices: Swap free for 3 days

XAUUSD: Swap free for 3 days

FX Pairs: Swaps charged

Other Instruments: Swaps charged

Crypto: Swap free

Equity Indices: Swap free for 3 days

XAUUSD: Swap free for 3 days

FX Pairs: Swaps charged

Other Instruments: Swaps charged

Maximum Number

of Positions

200200150100
Maximum Number

of Pending Orders

200200150100

 

Open Account Now

FXGT Promotions & Bonuses

FXGT Loyalty Bonus?

Get rewarded up to $10,000 through our 25% Loyalty Bonus!

Receive a 25% bonus on all transfers into your Mini and/or Standard+ account, until you reach the bonus limit of $10,000.

The more you deposit, the higher the loyalty bonus amount you will get!

Your loyalty is rewarded! Power up your next deposit and boost your trading potential!

How does the bonus work?

Deposit ValueBonus Amount
$1000You will receive $250 (25%) on top, reflected as $1250 in your account
$1500You will receive $375 (25%) on top, reflected as $1,875 in your account
$3000You will receive $750(25%) on top, reflected as $3,750 in your account

Claim Bonus

How to get a 25% Loyalty Bonus

  • Deposit funds into your FXGT.com wallet
  • Transfer your preferred amount from the wallet into your live trading account
  • The bonus is automatically applied when your transfer-in is complete

FXGT Loyalty Reset Bonus

Experience the benefits of the FXGT Loyalty Reset Bonus, designed to provide you with continuous rewarding opportunities in your trading journey!

Once you reach the limit of your Loyalty Bonus, we'll reset it back to zero, enabling you to trade with your reset Loyalty Bonus.

Within 48 hours of meeting the following criteria, you'll automatically unlock a 25% Loyalty Reset Bonus, up to $10,000:

  • Being an active trader (having executed at least 1 trade in the past 30 days)
  • Exhausting your Loyalty Bonus limit
  • Completing a cumulative trading volume of 40 GTLots
  • Making minimum total cumulative deposits of $10,000

Start trading and unlock the benefits today!

Claim Bonus

What Is the Leverage Offered by FXGT?

Enjoy the flexibility of leveraging up to 1:1000 and benefit from our comprehensive negative balance protection.

FXGT Review Deposit and withdrawal

You have the freedom to choose your preferred payment method from a diverse range of options that support local currencies. This includes popular payment systems, eWallets, and cryptocurrency wallets, offering you convenient and accessible choices for your transactions.

FXGT Review Fees and Spreads

FXGT offers competitive spreads on major currency pairs such as EUR/USD and USD/JPY, starting from just 1.4 pips.

Regarding fees, spreads, and commissions, here is what traders can expect when trading with FXGT:

  • The minimum spread on average is 1.60 pips.
  • Commission fees are already included in the spread.
  • For popular pairs, the spreads are as follows: EUR/USD at 1.6 pips, GBP/USD at 2.2 pips, and USD/JPY at 1.6 pips.
  • The maximum leverage ratio available is 1000:1.

FXGT Trading Platforms

FXGT provides its clients with a comprehensive forex trading platform that enables them to execute their trades. While some brokers offer only a single platform, FXGT offers multiple platforms to cater to diverse trading needs. A notable feature of their platform is its multi-asset functionality, allowing clients to trade not only forex but also other asset classes. The choice of platform typically depends on the client's trading preferences.

FXGT offers two popular trading platforms: MetaTrader 5 (MT5) and MetaTrader 4 (MT4). These platforms are accessible across various devices, including desktop, web, Android, and iPhone, providing flexibility and convenience for traders.

FXGT Safety and Security

FXGT operates under the registered company 360 Degrees Markets Ltd in Seychelles, with Registration Number 8421720-1. Its registered address is Suite C, Orion Mall, Palm Street, Victoria, Mahe, Seychelles. The company is regulated by The Seychelles Financial Services Authority and holds the Securities Dealer's License Number SD019.

FXGT emphasizes the importance of safeguarding client funds and takes all necessary measures to ensure their security. Client funds are kept separate from the company's own funds and cannot be utilized by FXGT for its operations. Additionally, FXGT is actively working on establishing partnerships with Tier 1 Banks to deposit clients' funds in credible and highly-rated financial institutions, further ensuring their safety.

Security of Funds

  • Funds Segregation: FXGT ensures that client funds are completely segregated from the company's operational funds and are held in trusted Tier 1 banking institutions.
  • Data Security: FXGT employs advanced encryption technology, secure servers, and robust firewalls to maintain the highest level of data security.
  • Negative Balance Protection: FXGT offers negative balance protection to its clients, providing an additional layer of security and peace of mind while trading.
  • Capital and Reserves: FXGT maintains a capital adequacy ratio of 40%, which is four times higher than the minimum capital-to-risk weighted exposure ratio required by reputable regulators.
  • Regulatory Compliance: FXGT operates as a fully regulated broker, holding licenses from reputable regulatory bodies such as the Seychelles Financial Services Authority (SFSA) and the South African Financial Services Conduct Authority (FSCA).
  • Liability Insurance: To mitigate potential financial losses resulting from errors, omissions, negligence, or other risks, FXGT provides liability insurance coverage to clients and third parties, offering protection of up to €1,000,000.

FXGT Review Education

Preparation and Education: Prior to engaging in trading activities, it is advisable for prospective FXGT clients to equip themselves with comprehensive information and trading skills required for success in the forex and commodity trading realm. In the event that FXGT's website does not offer an adequate range of resources, traders are encouraged to explore alternative information sources to acquire the necessary skills and knowledge.

Enhancing Trading Knowledge: FXGT's website currently lacks specific educational resources designed to assist novice traders in understanding the intricacies of the forex trading world. While the platform does offer a demo program for practice, additional educational tools such as webinars, eBooks, and other learning materials are currently not provided on the website. However, there is a FAQs section available to address common queries.

FXGT Awards

FXGT takes great pride in receiving multiple industry awards, which serve as a testament to the exceptional quality of our client offerings. These accolades further affirm FXGT position as one of the world's foremost brokers in the financial industry.

FGXT is particularly honored to have been bestowed with the prestigious “Best Hybrid Broker” award at the Ultimate Fintech Awards 2022. This recognition motivates us to continue delivering top-notch services and solutions to FXGT valued clients, maintaining our commitment to excellence in the brokerage industry.

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My name is Jena Sannie, and I am the proud founder of the Englishtivi brand, which was established on April 22, 2015.
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