FXGT Broker Review 2024

Finding a reliable and feature-rich broker can be daunting in the ever-evolving world of online trading. Enter FXGT, a relatively new player in the forex and CFD trading arena, has been making waves since its inception in 2019.

This comprehensive review will delve into the intricacies of FXGT, exploring its offerings, regulations (FSA, FSCA, VFSC, CySEC), trading conditions (Spreads From 0), and overall user experience. Whether you're a seasoned trader or just starting your journey in the financial markets, this article provides valuable insights to help you make an informed decision about FXGT Broker as your potential trading partner. This FXGT Review aims to look at the broker’s different features in detail.

FXGT Company Information & Regulation Status

Since its launch in 2019, FXGT.com has quickly established itself as a formidable contender in the online trading space. The company's mission is clear: to provide traders with a seamless and secure trading environment backed by cutting-edge technology and competitive trading conditions. Here is why you might will be interested in trading with the broker:

• Leverage up to 1:5000;
• $10 minimum deposit;
• 0% Stop Out.

One of FXGT's strongest selling points is its robust regulatory framework. The broker is licensed and overseen by several reputable financial authorities, including:

• Financial Services Authority (FSA) of Seychelles;
• Financial Sector Conduct Authority (FSCA) of South Africa;
• Vanuatu Financial Services Commission (VFSC);
• Cyprus Securities and Exchange Commission (CySEC) - for institutional clients only.

This multi-jurisdictional approach to regulation demonstrates FXGT's commitment to maintaining high standards of operational integrity and client fund protection.

FXGT Broker Summary of Specifics

To give you a clear picture of what FXGT broker offers, here's a concise summary of its key features and specifications:

FXGT Types of Trading Accounts

The broker offers a range of account types to cater to different trading styles and experience levels.

Here's a breakdown of the four main account types available:

All account types share some common features:

• Access to MT4/MT5 platforms;
• Negative balance protection;
• Multiple payment options, including cryptocurrencies;
• Swap-free Islamic accounts available upon request.

The variety of account types ensures traders can choose an option that aligns with their trading goals, capital, and risk tolerance.

FXGT Forex Broker Advantages and Disadvantages

As with any broker, FXGT comes with its strengths and weaknesses. Let's examine the advantages and disadvantages to help you make an informed decision:

Despite the limitations, FXGT's overall offering presents a compelling option for many traders, especially those seeking a regulated broker with competitive trading conditions and a low entry barrier.

FXGT Broker Signing Up & Verification process

Signing up with the broker is a straightforward process designed to get you trading quickly while ensuring compliance with regulatory requirements. Here's a step-by-step guide to opening and verifying your FXGT account:

1. Visit the broker’s website and click the "Register Now" button;
2. Choose if you are an Individual Client or a Corporate Client;
3. Fill in the registration form with your details (Full Name, Email, Password, Country of Residence, Country Code, Mobile Number);
4. Verify your account by the email sent to your inbox;
5. Login to Your account;
6. Read and Agree with the terms, conditions and privacy policy;
7. In the dashboard click on Verify now to start the KYC psrocess;
8. Click on “All Countries Except USA”;
9. Provide your First Name, Last Name, Gender, Date of Birth, Nationality, Contact Number, TIN;
10. Answer to the questions;
11. Upload the identity documents;
12. proof your residence;
13. Take a selfie according to the instructions.

FXGT Trading Platforms and Apps

FXGT provides traders access to the industry's most popular and powerful trading platforms:

MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms offer a wide range of features and tools to enhance your trading experience. Key features of FXGT's trading platforms:

• One-click trading for fast execution;
• Real-time quotes and market news;
• Customizable interface and workspace;
• Save multiple chart templates;
• Algorithmic trading and copy trading options;
• Demo accounts available for practice.

FXGT ensures its platforms are optimized for fast and reliable execution, with servers located strategically to minimize latency. The broker also provides regular updates and maintenance to keep the platforms running smoothly. You can download MT4 & MT5 from the provided links below:

• MT4;
• MT5.

FXGT Forex Broker Spreads and Commissions

FXGT offers competitive pricing structures across various account types, balancing low spreads with reasonable commissions. Here's a breakdown of the spreads and commissions you can expect:

It's important to note that spreads can vary depending on market conditions and the specific instrument being traded. Major currency pairs typically have the tightest spreads, while exotic pairs and other instruments may have wider spreads. Additional fees to consider:

• Swap rates: FXGT charges overnight fees on positions held open past the daily cut-off time. These rates vary by instrument and can be positive or negative;
• Inactivity fee: After 90 days of account inactivity, a $20 one-time fee is charged, followed by a $10 monthly fee.

FXGT Broker Deposit & Withdrawal Methods

FXGT offers a variety of deposit and withdrawal methods to cater to traders from different regions. Here's an overview of the process:

FXGT broker does not impose any fees for deposits or withdrawals made on its platform. However, it's important to note that third-party fees, such as those from banks or payment providers, may still apply.

These additional charges are beyond the broker's control and can vary depending on the specific payment method used.

FXGT Copy Trading & Investment Offerings

The broker offers copy trading functionality through its integration with the MetaTrader platforms, allowing traders to automatically replicate the trades of successful investors. Copy Trading on FXGT:

• Available through both MT4 and MT5 platforms;
• Access to a diverse pool of strategy providers;
• Real-time copying of trades with customizable risk settings;
• Ability to monitor and analyze the performance of strategy providers.

FXGT does not offer traditional investment options such as managed accounts. The broker places emphasis on offering flexible leverage, competitive spreads, and advanced trading tools, catering to traders who prefer more control over their trading strategies rather than relying on managed investments.

FXGT Forex Broker Tradable Markets & Symbols Overview

FXGT offers diverse tradable markets and symbols, catering to various trading preferences and strategies. Here's an overview:

• Forex: EUR/USD, GBP/USD, AUD/USD, USD/JPY, USD/CAD, EUR/GBP, etc;
• Precious Metals: XAU/USD, XAG/USD;
• Energies: USOil, UKOil, NGAS;
• Equity Indices: US30, US100, US500, JP225, UK100, GER40, etc;
• Stocks: AAPL, AIG, AMZN, AXP, BABA, and others.

FXGT Forex Broker Bonuses and Promotions

The broker provides enticing bonuses and promotions aimed at enriching traders' experiences and offering extra capital for their trading activities:

• 25% Unlimited Loyalty Bonus: Earn a 25% bonus on every deposit, with the limit resetting after reaching $10,000;
• VPS Sponsorship Program: Utilize high-speed servers for seamless trading and reduced order execution delays;
• Ongoing Rewards: Benefit from continuous incentives through the Loyalty Bonus, specifically tailored for Mini and Standard+ accounts.

These offerings are designed to encourage trading engagement and equip traders with additional resources to effectively execute their strategies.

FXGT Broker Support Team

FXGT boasts a dedicated 24/7 multilingual support team committed to assisting clients and partners with their inquiries and concerns. This team is readily accessible through various channels, ensuring that traders receive prompt and efficient support whenever they need it. Whether you have questions about account opening, onboarding, or any other issues, FXGT's support team is equipped to help.

• Live Chat: Engage with the support team for immediate assistance;
• Email Support: for detailed inquiries;
• Ticket system: Send a message through the online form for a prompt response.

Here are the email addresses to contact the support team:

• Clients: support@fxgt.com;
• Partners: partners@fxgt.com.

FXGT Broker List of Restricted Countries

The broker maintains a list of restricted countries where its services may not be available due to regulatory compliance and legal considerations:

• United States of America;
• Canada;
• European countries;
• Iran;
• North Korea;
• Belize.

FXGT Broker Trust Scores & User Reviews

The broker has attracted considerable attention within the trading community, and its trust scores reflect its reputation among users and regulatory authorities. Trader reviews can offer valuable insights into the broker's reliability, customer service, and overall trading experience.

• Trust Pilot Rating: FXGT has garnered mixed reviews on platforms such as Trustpilot (4.3 out of 5), showcasing experiences from both satisfied and dissatisfied traders;
• User Feedback: Reviews frequently highlight the platform’s intuitive interface and responsive customer support, influencing potential traders’ decisions.

Education on FXGT Broker

The FXGT Broker Blog is the sole educational resource offered by the website, providing traders with a wealth of information to enhance their financial knowledge and skills.

It covers a diverse range of topics, making it an essential tool for both novice and experienced traders.

The blog features market analysis to keep traders informed about current trends and price movements, alongside company news that provides insights into FXGT's operations and offerings.Blog Topics:

• Market Analysis;
• Company News;
• Forex Trading;
• General Trading;
• Trading Strategy;
• Stocks Trading;
• Cryptocurrency;
• CFD Trading.

Conclusion and final words

The diverse range of trading instruments of FXGT caters to various trading preferences, while the choice between MetaTrader 4 and 5 ensures that traders can use their preferred trading software. FXGT's multiple account types (Optimus, Pro, Standard+, ECN Zero, Mini) allow traders to select the option that best suits their trading style and experience level.

With strong regulatory backing including CySec regulation, FXGT provides a secure trading environment, further enhanced by segregated client funds and negative balance protection. The broker's commitment to trader education is evident in its extensive resource library, helping traders of all levels improve their skills and market knowledge. Write with your thoughts on FXGT Review in the section below.