FXGT.com is an award-winning, established global broker, created with the aim of revolutionizing the trader experience. FXGT.om sets out three rules to guide their mission: to empower traders with competence, and a peace of mind. - Choice. With multiple accounts to pick from, traders are guaranteed to find the account that matches their trading needs and style.
Our research reveals different aspects of FXGT.com, showing that the broker is well-suited for a diverse group of traders. FXGT is good for customers looking for advanced trading opportunities, and also for beginners who need extensive educational materials to get a good start in trading. Below you can see who or what FXGT.com is especially favorable for:
FXGT.com Summary
Overall, our experts remained satisfied with trading experience at FXGT.com. The broker stands on a good record and sustainability of its mother-company trading brand. Most importantly, the company obtained necessary regulations from South Africa (FSCA), the Seychelles (FSA), Vanuatu (FVSC), and CySEC (for institutional clients), allowing it to expand its proposal legally and be a trustworthy offering.
What we liked the most is that the broker offers indeed a vast instrument range, including cryptocurrency trading, also allowing you to deposit and withdraw in Bitcoin or other cryptos. FXGT.com has a great variety of account types, most of them tradable with no commissions and with access to high-leverage up to 1:5000, allowing traders to capitalize on opportunities.
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FXGT.com is a Broker for various traders due to its good selection on account types, and is for those traders that prefer only MetaTrader software. The company is reliable, and good for traders due to its International trading also appealing to African market. Although FXGT.com has advanced offerings more suitable for traders with experience mainly, the Mini account is good to start with low deposit opportunities and quite good fees too. Fee structure overall is better on all accounts, but on Standard is on very average line, we would mainly use ECN account since commission base is rather competitive.
FXGT.com also stands out for its promotional offers and bonuses, such as an unlimited loyalty bonus of 25%, the VPS Sponsorship Program, also other features with special offerings that we find well-established. Also those who seek access to a large variety of assets and very high leverage, starting from 1:1000 for all its account types and even 1:5000 for its Optimus account, which is an outstanding and rare offering, especially among well-regulated and trustworthy brokers.Overall, Broker is fine choice for MT5/4 traders who prefer classic trading on various strategies and good execution, nothing that much sophisticated just good trading.
On the other hand, there is no other software available, even MetaTraders are very popular if you need other software better check other proposal, also educational resources are mainly good for ongoing or improvement purposes rather than learning from scratch.
| FXGT.com is an excellent Broker for: | - Access multiple asset classes and good diversification - High leverage options - Opt for Low Deposit Broker - Prefer MT5 or MT4 platforms with advanced charting tools - Competitive spreads (especially on Optimus and Pro accounts) - Looking fro ECN account trading with Low commission - Reliability scores - Traders From Africa Region - 24/7 customer support - Multiple deposit and withdrawal option |
| FXGT might not be the best for: | - Investors looking for traditional stock ownership or Real Futures Trading - Traders who prefer lower leverage - Traders looking for in-depth and extensive education, courses - Need Broker with Top-Tier licenses - Prefer other than MetaTrader platforms |
Score – 4.3/5
FXGT.com is a reliable brokerage firm that operates under a few authorities such as South African Financial Sector Conduct Authority (FSCA) , also running international entities authorized by the Seychelles Financial Services Authority (FSA), Vanuatu Financial Services Commission (VFSC).
Moreover, FXGT.com has a CySEC license, yet it is available for institutional clients only. The company is offering its financial and investment services exclusively to eligible counterparties under its European domain (https://www.fxgt.eu) and is not aiming for any retail clients resident in the European Union for now.
Probably the most important aspect when choosing a trading broker is its regulatory status. As FXGT.com is regulated by reputable authorities, there are many measures demanded by the regulator to prove its Fund Security, which is applied in South Africa regulation. In other entities, rules vary and mainly do not include protections since there is no particular demand by regulators for that.
Some of the security measures incorporated by FXGT include Capital Adequacy Ratio above 40% while processing transactions with Tier 1 Banking and Segregated accounts, and all are done under Regulatory Supervision and Risk Management that providing quite a good level of trading security.
FXGT.com seemed to us to sustain consistency and clarity, maintaining transparency and accuracy in services and provisions along the years the company operates. Throughout its history of operation, FXGT.com has consistently expanded its offerings and tightened its regulations to provide a better trading environment for its customers as previously Broker operate with one license, for now it serves several entities which proves better expansion and regulations alike. Being FXGT.com a legally regulated by the regarded authorities FSCA and CySEC, it confirms Broker credibility as an international trading broker , especially in African Marker.
With these ongoing enhancements to its trading environment, FXGT.com has considerably grown its client base and earned a good standing in the global trading market. Also the check of Reviews and overall Broker reputation shows us no serious issues with legal institutions, while Trading Reviews mainly on satisfactory or good levels from traders operating via various global countries that is another plus to clarify of FXGT offering.
Score – 4.7/5
FXGT.com offers 5 LIVE accounts: Mini, Standard+, PRO, ECN Zero and Optimus along with Demo account available for practice purposes. The broker do offer a wide selection of accounts, enabling traders to choose the one with the most suitable conditions to meet trading needs, also diversify in terms of fee structures or some tailored conditions, which we do consider as a plus.
Here are more details on each account offered:
Standard Plus Account
This account type is a spread-based account with no commission, where all costs are included in spreads starting from 10 points. It enables traders access to multiple markets, including Forex, Stocks, Indices, and commodities with available leverage 1:1000 and the minimum deposit to start with is only $10. This account type offers traders simplicity and all-in-one solution trading suitable for all types of traders and is the preferred choice of most traders. Some of the promotions and trading bonuses also might be available on this account type, we advise you to check recent Broker conditions.
Mini Account
Mini accounts are designed for beginner traders to ease them into trading, as the account comes with excellent conditions, enabling traders to start small with only a $5 initial investment. The spreads are competitive also starting from 10 points, and there is $0 commission and no additional fees. Besides, Mini accounts are also excellent for EAs. The available leverage is 1:1000, and the asset offering is quite good too offering FX Pairs Equity Indices, Metals, Energies, Stocks, Cryptos, and GTi12 Index.
ECN Zero Account
ECN Zero accounts at FXGT provide ECN connectivity with very high speeds excellent for scalpers and high-frequency traders or short-term traders. The account fees are based on commission $3 per side on FX , and up to $5 round for Precious Metalswith interbank spreads starting from 0.0 pips , which makes the accounts cost-efficient. The account allows fast order execution and a high leverage of up to 1:1000. Yet, the initial deposit for ECN Zero is higher, starting from $500.
Pro Account
The Pro Account is defined for proficient traders who are looking for advanced functionality with great features, competitive spreads tighter than standard accounts from 5 points, and no commissions per trade. It offers a wide range of instruments, including all available FXGT instruments. Some benefits include swap-free trades defined by the instrument, which enable good diversification of trades and are suitable for various strategies like swing trading.
Optimus Account
Optimus account is another addition of the Broker designed for Day Trading and is a great choice for experienced traders, who are seeking premium trading conditions with lower spreads starting from 8 points even higher leverage of up to 1:5000, which is a rare offering. With very fast execution, minimal slippage, access to a wide range of assets, and a powerful selection of tools on the MT5 platform, Optimus is a great option for active trading. The minimum deposit is also 10$, also Broker proposes swap-free days up to 2 days as extra benefit to lower costs.
Due to regulatory restrictions, FXGT.com does not provide its services in a number of regions. Besides, the conditions you trade with depend largely on the entity the account is based on. Below you can see the list of the restricted countries:
Score – 4.4/5
FXGT.com’s pricing model is designed to accommodate different trading styles and preferences. The spreads and commissions vary across the account types, thus offering traders flexibility and a chance to choose the most suitable option. While some accounts and their fee structures are more suitable for particular trading strategies other is less preferred. Also, for full fee structure necessary to verify additional fees and non-trading fees alike, see our review below.
Here you can see the list of the most essential costs that FXGT.com imposes:
Spreads in FXGT.com depend mainly on the account type and instrument traded. The broker offers a quite wide range of account options with different fee structures, mainly accounts are still based on spreads, while some come with variable spreads and commissions. Since accounts offer different spread basis refer above to relevant account review. As example the Standard Plus account spreads starting at 1o points or 1 pips, while for comparison we found EURUSD spread 1.21 pips at Standard Account, slightly higher on Mini Account 1.32 pips, and lower on Pro Account with 0.77 pips, or 1 pip for Optimus Account.
For certain account types, FXGT.com charges a commission per trade. This is seen on ECN account where spreads are based on interbank quoter and Broker fees based on per-trade commission of $ 3 per side which is considered among low levels in the industry. For other 4 account types available at FXGT including Standard account, no commissions are charged, as the trading costs are integrated within the spreads.
Rollover fees are incurred to hold positions overnight and the costs usually depend on the asset class and account type respectively. Alike. the Forex Swaps for a long position of 1 lot on EUR/USD, which is equivalent to 100,000 units of the base currency (EUR), is calculated as 1 lot×100,000×0.00001× (−6.5) =−6.5 USD and is equivalent to − 6.03 EUR. Also, cwe find Broker offers swap-free days on some accounts as a promotion on bonus provided.
Overall we find FXGT.com’s fee structure competitive, while Standard account fees considered average in the industry and among competitors, the fees on other accounts types might be more appealing also suitable for different trader levels, as are offered various fee models. As we see, the commission-based account is affordable at FXGT.com and quite good, slightly lower than competitors where ECN account tight fees combined with excellent and ultra-fast ECN execution.
Additionally, like all the Brokers too FXGT.com do charge overnight swap fees, calculated based on the account type and instrument traded, as well as withdrawal currency conversion fees which are common in the industry and are in line with the average of the market. Thus, the FXGT.com fee structure is quite favorable and good for traders of every level.
| Asset/ Pair | FXGT.com Spread | Eightcap Spread | AvaTrade Spread |
|---|---|---|---|
| EUR USD Spread | 1.21 pips | 1 pips | 0.9 pips |
| Crude Oil WTI Spread | 4.4 pips | 3 pips | 3 cents |
| Gold Spread | 2.5 pips | 1.2 pips | $0.27 |
| BTC USD Spread | 98 | 170 | 0.10% |
In addition to the general fees like commissions and spreads, the broker also has some additional fees to be considered. Note that in the past the Broker had an inactivity fee, yet, recently it was removed which is a plus ( however be careful, as the accounts are automatically archived after 30 days of inactivation and zero balance). Below see detailed information on additional fees:
Currency Conversion Fees
Also, FXGT.com applies a currency conversion fee for trades conducted in a currency different from the account’s base currency. The fee is intended to cover the converting profits or losses into the account’s currency, at FXGT you may choose between 3 main currencies offered as Account Base Currency.
Withdrawal Fees
Most withdrawal methods are free at FXGT, without any additional fees, however, some withdrawal options, like international bank transfers, may still incur fees. The specific cost is determined by the used payment method and fees charged by the payment provider, we advise to check the conditions also that may be different based on the entity you trade through.
Score – 4.3/5
FXGT.com provides both industry-popular MT4 and newer MT5 platforms that are great for meeting various trading needs and demands, also enable different trading styles and preferences for those who prefer standard platform of a newer version of popular MetaQuotes software.
| Platforms | FXGT.com Platforms | Capital.com Platforms | Pepperstone Platforms |
|---|---|---|---|
| MT4 | Yes | Yes | Yes |
| MT5 | Yes | No | Yes |
| cTrader | No | No | Yes |
| Own Platform | No | Yes | Yes |
| Mobile App | Yes | Yes | Yes |
The FXGT.com web platform enables traders to trade directly from the browser, with no need for downloads or installations. Through the Web platform clients get access to quote good quality live quotes, charts, and technical indicator s. With access to multiple markets, you may experience seamless trading with flexibility and the most essential tools and features at hand Web Platform is designed with.
Main Insights from Testing
The testing of the FXGT.com web platform revealed some of the positive aspects, including the user-friendly interface, accessibility, stable and fast execution, and availability of useful charting tools and analysis tools. The platforms work quite fast even with not stable internet connection, which is another plus.
On the downside, the web platform offers limited customization options, and no so many features as compared to the Desktop platform. Yet, it is a typical comment, since Web and Desktop platforms are different in nature and mainly based on personal traders preferences.
We found the broker’s MT4 platform user-friendly, offering a flexible trading environment great to meet the trading requirements of different clients. The platform offers customizable features, risk management techniques to manage exposure, and nine available chart timeframes from 1 minute up to 1 month for deep analysis. Besides, the use of the MQL4 programming language gives access to the already set Expert Advisors and a range of technical indicators on the platform for the automation of trading strategies .
Yet, we find that through the MT4 platform, traders mainly gain access to Forex and CFDs. Also, MT4 does not enable market depth analysis or economic calendar, which is available on newer version, since all in all MT4 is indeed slightly outdated design.
FXGT.com MT5 platform is available too, and it stands out for its ultra-fast order execution times on a 64-bit operating system and gives access to over 38 built-in indicators, 22 analytical tools, and 46 graphical objects.
Moreover, MT5 platform enables advanced backtesting, provides greater market depth, and unlocks up to 21 available chart timeframes. Traders have access to more diverse assets, including Forex, CFDs, Stocks, Futures, and Options. Data reports are provided in HTML and Open XML table formats, which we find quite comfortable. Overall, FXGT MT5 is packed with tools and extra benefits included by the Broker making trading process and software preferred choice.
The FXGT.com mobile app has numerous advantages, among which are the user-friendly interface, simplified navigation, and ease of execution all available right from any Mobile Device. With good features, charting tools, and push notifications, traders are informed about market changes and react quickly to price movements, that we find on FXGT App functioning well.
Yet, the app lacks certain advanced features that are available on desktop platforms; also, there might be occasional performance issues, especially at times of high market volatility. Overall, the FXGT.com mobile app is a great option for those who want market accessibility at all times.
Score – 4.5/5
Based on our findings, FXGT has a great variety of trading instruments. The offering of Trading assets exceeds 1000 instruments. Besides that traders can access major, minor, and exotic forex pairs, allowing them to trade across global currency markets, there are more popular Trading Products available, also we see Broker constantly enelarges its trading proposal so is another plus. The main Trading Instrument offering is as follows:
FXGT.com has a wide trading instrument selection with the main exception of Real futures and options, yet the condition and asset availability depend on the jurisdiction, as in the case of leverage, and the conditions differ from instrument to instrument, due to regulation specifications.
While the range is overall good, some other Bbroker offer thousands of instruments, so if you look for advanced range oof popular instruments FXGT might accommodate you well, but for an extensive range especially for Bonds or Shares traders maybe better opt to another Broker. Also, cryptocurrency spreads might be higher compared to industry standards.
Leverage as a tool that allows magnifying your initial balance so you are able to operate a bigger trading size is another popular and famous feature in Forex trading. FXGT.com leverage is available for your trading activity, moreover being regulated in South Africa traders can still access high leverage ratios. Thus, leverage ratios depend on the instrument you trade and may also vary according to the entity since regulatory restrictions may vary. FXGT.com leverage is offered according to FSCA, FSA, VFSC, and CySEC regulations:
Score – 4.4/5
Based on our research, deposits to the FXGT.com live trading account can be done in numerous convenient ways while the payments will attract no additional processing fees. Another progressive feature is that being the first Hybrid regulated Forex Broker FXGT.com allows trade, deposit, and withdrawal in both Fiat and Crypto Deposits. See the available deposit methods listed below:
The available minimum deposit is among the lowest in the industry, starting from only $5, enabling traders to start small. This is considered a very low offering in the industry, compared to the $500 market average. Another benefit is that the Credit Card deposits are instantly reflected in the trader’s account. However, clients should remember that all the payment methods listed might not be available to all traders due to their location.
All the deposit methods available, are also applicable for withdrawals. Yet, some circumstances should be considered, such as the Credit Card and Bank Wire withdrawals can be requested at any time but will be processed during standard banking hours only, Monday to Friday, 09:00-17:00.
The withdrawal processing times may vary depending on the payment method used. Also, for the withdrawal methods we viewed, there are no additional fees. On average the withdrawal time is as follows:
Score – 4.6/5
Based on our testing, the broker’s Customer Support multilingual team is available around the clock and 24/7 support. Support is accessible via Online Chat, Email, and by submitting a request right on the broker’s website. FXGT.com has also a Resource Center or FAQ where clients might find answers to frequently asked questions. During the testing, we found its service quite responsive and professional, which is indeed necessary for fruitful cooperation with the broker and for solving any ongoing concerns.
The fastest way to get an answer to a quick question is the Online Chat and the section for submitting a request on the broker’s website. FXGT.com does not provide support through phone lines. However, the Resource Center which includes meticulous answers to many questions from account opening to trading-related questions is very helpful. The FAQ section is another option to find quick answers to a question.
Score – 4.1 /5
As for the Research tools, there are great tools included in the MT5 platform itself, also in the MT4 while range is different as based on the technology used. Especially the MT5 platform is well-equipped with technical analysis, and deep market analysis, providing useful features and tools to the traders. Whilee MT4 offering more bunch of the classical tools used by traders for years, also additional research always available at the Marketplace so is another plus.
The broker also provides other research tools available to traders with Market Sentiment tools, Trading Insights, Economic Calendar, and Trading Holidays Calendar among other great research tools the platform is famous for.
FXGT offers a selection of educational materials, yet is mainly designed for support of beginner and advanced traders, not the complete teaching learning from the very beginning. So if you’re very beginner in trading you can either look for comprehensive COurses and Trading Academy or sign for Broker with Excellent Trading Education like HFM.
AS we find, in its Blog section FXGT publish many useful articles on different market-related topics with updated and useful information also some market development with insights. The broker also offers financial news, trader insights, and an essential glossary, together with a selection of e-books on financial topics, from basic introductions to advanced strategies, suitable for various learning preferences.
Looking into the broker from the point of view of whether it is good for beginners, we can undoubtedly say that FXGT is a good choice for those who are starting, yet absence of Trading courses and Webinars might be a major drawback.
As for the trading conditions FXGT is suitable for beginners due to wide account offering, availability of a demo account, educational materials mainly for ongoing information purposes, also good research tools, and helpful customer team make the broker quite a good start in trading. Of course, there are brokers that offer better and more extensive educational sections, along with more tools and materials, but FXGT.com is still regarded as a good choice.
Score – 4/5
In the context of classical investments , FXGT.com is not so appealing option, since broker mainly offers trading opportunities on Stocks and other Trading products via Contracts for Differences. This allows traders to access and speculate on the price movements of popular company stocks, yet traders cannot own them. CFDs enable traders to take long and short positions, but they do not receive any dividends or rights associated with actual stock ownership.
Also, as additional Investment Options there is available Copy Trading FXGT via MetaTrader platforms. Yet, currently MAM or PAMM accounts are not available with FXGT too, which are often offered by other brokers as investment opportunities to help traders have their funds managed by professional traders.
Score – 4.6/5
Opening a Demo account with FXGT.com is a good decision for those who want to practice first, before making a real investment. To open a Demo account the following steps are required:
Opening an account with the broker is quite easy: it can be completed within minutes. You should follow the opening account or sign-in page and proceed with the guided steps:
Score – 4.3/5
Additional tools and features are generally designed and provided to elevate the traders’ experience and enhance the trading outcome. FXGT.com also provides added tools and features that make the broker stand out:
During our comparison of FXGT.com to other brokers we reviewed a number of aspects and important features that determine broker overall standing in the market. We find FXGT offering favorable and competitive in some points including fees on several accounts, instruments selection and additional tools provided.
The first aspect we reviewed while comparing FXGT.com to other reputable brokers is Broker reputation and regulation, licenses from reputable authorities such as CySEC and FSCA make FXGT a secure broker, yet other brokers hold Top-tier licenses which are more secure like OANDA and FP Markets. Also, FXGT.com offers a very low minimum deposit of $5, which is a considerably better offering compared to Eightcap’s $100, but in line to some Brokers with no deposit requirements too.
In respect of its fee structure, FXGT.com is considered an average offering for Standard account and is on average level of brokers, yet fees are more competitive on other account types where conditions provide some more good opportunities. Also, ECN Zero cost structure is more competitive than competitors, which is great for advanced traders who prefer commission-based account.
In terms of trading instruments, the offering is quite wide, yet not like some other Brokers with thousands of instruments available, yet still the range is good allowing to diverse trades within popular markets.
Parameter | FXGT | FP Markets | RoboForex | Pepperstone | BlackBull Markets | Eightcap | OANDA |
Spread Based Account | Average 1.2 pip | From 1 pip | Average 1.3 pip | Average 0.7 | From 0.8 Pips | Average 1 pip | From 0.8 Pips |
Commission Based Account | 0.0 pips + $3 | 0.0 pips + $3 | 0.0 pips + $4 | 0.0 pips + $3.50 | 0.1 pips + $3 | 0.0 pips + $3.5 | 0.1 pips + $4 |
Fees Ranking | Average | Low/ Average | Average | Average | Low | Average | Low |
Trading Platforms | MT4, MT5, | MT4, MT5, cTrader, IRESS, Proprietary Platform | MT4, MT5, R StocksTrader | MT4, MT5,cTrader, TradingView | MT4, MT5, cTrader, TradingView | MT4, MT5, TradingView | MT4, MT5, OandaTrade |
Asset Variety | 1000+ instruments | 10,000+ instruments | 12,000+ instruments | 1,200+ instruments | 26000+ instruments | 800+ instruments | 500+ instruments |
Regulation | FSCA, FSA, VFSC, CySEC | ASIC, CySEC, FSCA, CMA | FSC | ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN | FMA, FSA | ASIC, SCB, CySEC, FCA | FCA, CFTC, NFA, MAS, ASIC, IIROC, FFAJ |
Customer Support | 24/7 support | 24/7 support | 24/7 support | 24/7 support | 24/7 support | 24/5 support | 24/5 support |
Educational Resources | Good | Excellent | Good | Excellent | Good | Good | Good |
Minimum Deposit | $5 | $100 | $10 | $0 | $0 | $100 | $0 |
FXGT.com is a versatile, flexible broker that can meet the trading expectations of all types of traders. The company is well-regulated, holding licenses from South Africa (FSCA), the Seychelles (FSA), Vanuatu (FVSC), and CySEC (for institutional clients), allowing it to expand its proposal legally. Through its FVSC entity, FXGT.com offers very high leverage and attracts traders from all around the world due to its International presence. Although we do not recommend investing with offshore brokers, the company’s additionnal licenses ensure the reliability of its offering. Moreover, over the years of its operation, FXGT.com has earned loyalty and good regards.
What we liked the most about the broker is its vast instrument range, including cryptocurrency trading, also allowing you to deposit and withdraw in Bitcoin or other cryptos. Another great point about FXGT.com is its variety of account types, most of them tradable with no commissions and competitive spreads with access to high leverage up to 1:5000. The trades are conducted through industry popular MT4 and MT5 platforms and to open an account there is only a $5 initial deposit required.
Besides, FXGT.com has some attractive additional promotions, like Unlimited Loyalty Bonus and +10% Loyalty Crypto Booster that intend to accommodate their loyal traders even further. With substantial customer support, a good education and research section, and good market analysis, the broker is a good choice for those who are looking for secure and balanced trading.
our team of experienced traders, financial analysts, and market experts is dedicated to delivering accurate, insightful, and up-to-date forex and cryptocurrency news. With diverse backgrounds in trading, investment research, and financial journalism, our authors provide in-depth analysis, strategic insights, and educational content to help traders and investors informed.
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