FXGT.com Review - What to Expect from the Broker

FXGT.com is a well-established CFD broker that started offering its brokerage services in 2019. Regulated by several regulators, FXGT.com stands out for offering a wide variety of market products. This enables traders to create diversified portfolios within a single platform. Additionally, the broker offers traders various trading accounts that fit different trader profiles.

In this FXGT.com review, we dive into what this broker offers and share insights on what to expect once you sign up. We look at tradable assets, platforms at your disposal, as well as the spreads and fees. FXGT.com is a trusted and reliable broker, favored by traders worldwide.

General Risk Warning: 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Basic Information About FXGT.com

  • Website Address: FXGT.com
  • CFD Instruments: Forex, Cryptocurrencies, Synthetic Cryptocurrency Pairs, Precious Metals, Energies, Equity Indices, GTi12 Index and Stocks
  • Minimum Deposit: $5
  • Demo Account: Yes
  • Trading Platforms: MetaTrader 4, MetaTrader 5
  • Methods of Deposit and Withdrawal: Credit/Debit cards, Bank Wires, Local Bank Deposits, EFTs, Cryptocurrencies, and eWallets such as Neteller, Skrill, Naira, Perfect Money, Sticpay, and other methods, depending on the country/region

FXGT.com Trading Platforms

FXGT.com offers its traders two main trading platforms, MetaTrader 4 and MetaTrader 5. These two trading platforms are probably two of the most used trading platforms in the world. They are products of MetaQuotes Software company and are preferred for their advanced capabilities. MetaTrader 4 on this broker site comes with 30 different indicators, three different order execution times, 9 chart timeframes, and one-click trading, among other features.

In comparison, MetaTrader 5 offers traders 38 different indicators, 4 order execution types, 21 chart timeframes, and one-click trading, among other features. It also provides access to a broader array of market products, including forex, CFDs, stocks, futures, and options. While MetaTrader 4 is limited to forex and CFDs, both platforms are accessible on various devices, including Desktop, Web, Android, macOS, and iOS.

Assets Available on FXGT.com

FXGT.com offers traders a vast selection of global markets to engage with, featuring seven diverse asset classes.

  • Forex – FXGT.com allows its traders to trade a plethora of CFDs on forex currency pairs including majors, minors, and exotics.
  • Cryptocurrencies - CFDs on cryptocurrencies are also available to trade on FXGT.com. Some of the most popular cryptocurrencies available to trade on FXGT.com include Bitcoin, Litecoin, Ethereum, Ripple, and Cardano, plus others.
  • Equity Indices - Traders can also trade a variety of equity indices including US30, US500, UK100, and AUD200, among others.
  • Stocks - Further, investors can trade the stock price movements of the world’s largest and most popular companies. These companies include but are not limited to Apple, AIG, Amazon, Meta, eBay, and others.
  • Synthetic Cryptocurrencies - Under this asset class, traders can speculate on how the price of cryptocurrencies interacts with traditional markets. For example, traders can speculate on how Bitcoin interacts with Silver or Gold or even the Dow Jones index.
  • Precious Metals – com provides traders with the opportunity to invest in two key precious metals: silver and gold.
  • Energies - Finally, FXGT.com allows its traders to invest in different assets in the Energies category including oil and gas.

FXGT.com Fees and Spreads

FXGT.com offers four account types: Standard+, Mini, ECN, and PRO. Standard+ and Mini accounts have spreads from 1.0 pips with no commission. The PRO account has lower spreads, starting at 0.5 pips, also without commission. The ECN account has the lowest spreads, from 0.0 pips, but it includes a commission: $6 for forex, $5 for metals, and 0.1% for crypto trades.

When trading on FXGT.com, a swap fee is charged on positions held overnight. The fee that applies depends on the size of the position and the asset being traded. Interestingly, this broker offers swap-free days allowance on some assets on some accounts. For example, forex currency pairs, metals, equity indices, and energies are swap-free for 6 days on the pro account. The Standard+ and the Mini accounts do not have any swap-free days for any assets. However, Muslim traders have access to swap-free accounts that are in line with Islamic Sharia laws.

FXGT.com Research and Education Section

Education in online trading is crucial for any trader wishing to participate in the market. It gives new traders the information they need to tackle the market with confidence and with an informed mindset. Additionally, experienced traders can always seek more education to improve their skills and learn new trading strategies. FXGT.com provides an education section that is full of eBooks covering a variety of topics from basics to more complex concepts.

On top of the education provided by FXGT.com, clients also have access to research and insights into different markets as well as trading tools to help them analyze the market. Some of the things that traders have access to include MQL5 trading signals, trader insights, technical analysis on various trading pairs, and an economic calendar.

FXGT.com Credibility

The credibility of a broker is probably the most important thing to look at before investing one’s hard-earned cash. To determine the credibility of a broker, there are several things to look at. For starters, traders have to look at the regulatory status of the broker.

FXGT.com is regulated in several jurisdictions throughout its operations under the following licenses:

  • License number 8421720-1 – issued by the Seychelles Financial Services Authority (SFSA).
  • License number 48896 – issued and regulated by the South African Financial Services Authority (FSCA).
  • License number 700601 – issued by the Vanuatu Financial Services Commission (VFSC). Only for institutional clients.

In addition, the FXGT brand is also licensed by CySEC under the regulatory license number 382/20, operating under FXGT.eu. However, with this license, FXGT.eu provides services only to institutional clients.

Moreover, this broker has years of experience in the market without many issues. Further, the broker has a solid reputation among online reviewers. FXGT.com has a 3.9-star rating out of 5 stars on Trustpilot showing a general approval of the services that the broker offers.

FXGT.com Customer Support

Another crucial feature of a forex broker is customer support. Traders always want to know that they can reach out to the company that holds their money in case they have any issues. FXGT.com provides traders with various channels they can use to reach the support team. First, traders can reach the company via the live chat feature for quick responses. Additionally, people can send emails to the FXGT.com staff via the mail [email protected]. Customer support is available 24/7 in several languages, serving customers of all kinds.

Closing Remarks

FXGT.com emerges as a reputable and comprehensive CFD broker, offering traders a diverse range of assets and trading accounts. With its user-friendly MetaTrader 4 and MetaTrader 5 platforms, traders can access a multitude of global markets. The broker's competitive spreads and fees, along with its commitment to regulatory compliance, underscore its credibility in the industry. Moreover, this broker has a long history in the market providing quality brokerage services. Overall, FXGT.com presents a compelling option for traders seeking a reliable and feature-rich brokerage platform.

General Risk Warning: 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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