FXGT

FXGT
WikiStocks Rating	⭐⭐⭐
Fees	ECN:$6 to FX, $5 to precious metal, Other Accounts:$0
Account Minimum Deposit	$ 5
Interests on uninvested cash	1.82%
Mutual Funds Offered	Yes
Platform/APP	MT5,MT4
Promotion	25% Unlimited Loyalty Bonus,VPS Sponsorship

FXGT Information

　　FXGT offers low transaction fees, with ECN accounts charged $6 for FX and $5 for precious metals, while other accounts incur no fees.

　　The minimum deposit required to open an account is $5, making it accessible for a wide range of investors. Clients also benefit from an interest rate of 1.82% on uninvested cash. FXGT supports mutual funds trading and provides access to popular trading platforms like MT4 and MT5.

　　Promotions include a 25% Unlimited Loyalty Bonus and VPS Sponsorship, enhancing the trading experience for active users.

Pros & Cons

　　Pros:

　　FXGT is well-regulated by multiple authoritative bodies including CYSEC, FSA, FSCA, and VFSC, ensuring a high level of trust and compliance. It offers a wide array of tradable securities like stocks, forex, and precious metals on renowned platforms MT4 and MT5. The platform features low to zero commission rates on trades and employs attractive promotional strategies to enhance user engagement and trading value.

　　Cons:

　　Despite its advantages, FXGT requires a minimum deposit of $5, which could be a barrier for some potential users looking for no-entry cost platforms. It lacks a unique trading platform, relying instead on widely-used systems like MT4 and MT5, and does not offer a dedicated mobile app, limiting trading flexibility and on-the-go access for users.

Is FXGT Safe？

　　Regulations:

　　FXGT is regulated by multiple authorities across different jurisdictions, enhancing its credibility and security as a trading platform. It holds licenses from the Cyprus Securities and Exchange Commission (CySEC) under License No. 382/20, the Seychelles Financial Services Authority (FSA) under License No. SD019, the Financial Sector Conduct Authority (FSCA) in South Africa under License No. 48896, and the Vanuatu Financial Services Commission (VFSC) under License No. 700601.

　　Funds Safety:

　　FXGT prioritizes the security of client funds through segregated accounts, ensuring that client assets are kept distinct from the company's operational funds. This segregation safeguards clients' investments by preventing their use for any other company activities. Additionally, FXGT is PCI DSS certified, affirming its adherence to stringent data security standards which protect sensitive information and financial transactions.

　　Furthermore, FXGT provides an added layer of security with insurance coverage for client funds. Clients are insured up to a total of €1,000,000, which covers market-related liabilities including errors, omissions, negligence, and other risks that could result in financial losses. This insurance policy enhances the safety of investments and provides clients with greater peace of mind while trading on the platform.

　　Safety Measures:

　　To secure client data and funds, FXGT employs advanced encryption technologies across its trading platforms and network communications. The firm conducts regular security assessments and compliance validations to maintain high-security standards. Additionally, FXGT offers negative balance protection, ensuring that clients cannot lose more than their deposited funds, which further contributes to the overall safety and reliability of trading with FXGT.

What are securities to trade with FXGT？

　　FXGT offers a selection of securities for trading, designed to satisfy various investment styles and market interests. Here's a detailed look at the asset classes available:

• Forex (Foreign Exchange):
• FXGT provides traders with access to the forex market, which is the world's largest financial market with high liquidity. Traders can speculate on currency price movements involving major pairs like EUR/USD, minor pairs, and exotic currencies. Forex trading offers the flexibility of high leverage and nearly 24/5 market access, making it a dynamic environment for short-term and long-term strategies.

• Precious Metals:
• Trading precious metals, such as gold and silver, is popular on FXGT due to their status as traditional safe havens during economic uncertainty and inflationary periods. Metals can be traded against various currencies and are favored for their ability to hedge against currency devaluation and stock market volatility.

• Energies:
• The energy sector on FXGT includes commodities like crude oil and natural gas, which are essential to global economic activity. Energy commodities are sensitive to geopolitical, environmental, and supply-demand changes, offering unique opportunities for traders to capitalize on price fluctuations driven by global events.

• Equity Indices:
• FXGT offers trading on several major global equity indices, which include baskets of stocks representing specific market sectors or the broader economy. Indices trading allows investors to gain exposure to entire sectors of the financial markets without having to trade individual stock components. This is particularly useful for traders looking to leverage broader market trends.

• Stocks:
• Traders on FXGT can buy and sell shares of individual companies listed on major stock exchanges. This allows traders to take positions based on their assessments of company performance, industry health, and economic indicators. Stock trading on FXGT is suitable for those who prefer direct investment in companies rather than through derivatives or pooled formats.


FXGT Account Review

　　FXGT offers a variety of trading account types tailored to different levels of traders, from beginners to professionals, providing flexibility and customization according to individual trading styles and strategies. Here's an overview of the account types available:

• PRO Account:
• This account is designed for professional traders who require advanced trading capabilities. It offers access to all asset classes including FX pairs, equity indices, metals, energies, and stocks. The PRO account emphasizes minimal trading costs, featuring very low spreads and no commissions, making it ideal for high-volume traders who seek to maximize their trading efficiency and profitability.
• ECN Account:
• The ECN (Electronic Communication Network) account is suited for traders looking for raw spreads and direct market access. This account type is particularly attractive for those trading Forex and precious metals, as it offers very tight spreads starting from 0 points, with a commission structure that is clear and competitive. It's designed to provide a transparent trading environment where traders can benefit from immediate trade execution and reduced trading costs.
• Mini Account:
• Ideal for new traders, the Mini account allows individuals to start with lower trading volumes and less initial capital. It supports trading in smaller lot sizes, which reduces the risk and provides a more manageable trading experience for newcomers. The Mini account includes access to all the available asset classes with slightly higher spreads, which compensates for the zero commission structure, making it a cost-effective option for those new to trading.
• Standard+ Account:
• Made to accommodate the needs of all traders, the Standard+ account offers a balance between competitive trading conditions and accessibility. This account type features zero commissions on trades and is characterized by moderate spreads. It's suitable for regular traders who seek straightforward trading conditions with access to a broad range of financial instruments.


FXGT Fee Review

　　FXGT structures its fee system across different trading operations to accommodate diverse trading strategies and preferences.

• Spreads:
• FXGT offers variable spreads which start from 0 points for ECN accounts. This is beneficial for traders who seek direct market access and lower trading costs. The spreads increase to 5 points for PRO accounts and 10 points for both Mini and Standard+ accounts, satisfying different trading preferences and risk tolerances.
• Commissions:
• Commissions are applicable primarily to ECN accounts, with charges up to $6 round-turn on all FX asset classes and up to $5 round-turn for trading precious metals. This fee structure supports direct market access provided by ECN accounts. PRO, Mini, and Standard+ accounts benefit from a no commission structure, simplifying costs for traders who prefer straightforward trading cost calculations.
• Leverage Costs:
• FXGT offers leverage up to 1:1000 across all account types, significantly amplifying trading capacity. Leverage does not involve direct fees, but it's critical to consider the increased potential for higher gains or losses.
• Swap Fees:
• Swap fees are determined by the asset being traded and the account type. These are overnight charges or credits applied when positions are held past the trading day's close. Specific swap-free days are available for certain assets, reducing costs for traders holding positions over multiple days.
• Initial Deposit Requirement:
• All account types at FXGT have a minimum deposit requirement of $5, ensuring accessibility for traders of all financial capacities.


Fee Type	Details
Spreads	Starts from 0 points in ECN accounts. 5 points in PRO accounts and 10 points in Mini and Standard+ accounts.
Commissions	Up to $6 round-turn on FX and $5 on precious metals for ECN accounts. $0 for PRO, Mini, and Standard+ accounts.
Leverage	Up to 1:1000 across all account types.
Swap Fees	Varies by account and asset class; specific swap-free days available for certain assets.
Initial Deposit	$5 minimum required for all account types.

FXGT Trading Platform Review

　　FXGT offers two of the most renowned and widely used trading platforms in the industry: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Each platform is designed to meet different trader needs and preferences, with distinct features and capabilities.

　　MetaTrader 5 (MT5):

• Enhanced Speed: MT5 operates on a 64-bit system with ultra-fast execution times, making it ideal for traders who require quick response and processing in volatile markets.
• Indicators & Analytics: The platform comes equipped with 38 built-in indicators, 22 analytical tools, and 46 graphical objects, offering a suite for detailed market analysis and strategy development.
• Advanced Back Testing: Traders can utilize MT5 for advanced strategy testing, including simultaneous multi-currency testing, which allows for a more thorough analysis of trading strategies across different currency pairs.
• Market Depth: MT5 provides a deeper insight into market prices with up to 21 available chart timeframes, enhancing the precision of entry and exit decisions.

　　MetaTrader 4 (MT4):

• Multifunctional Elements: Known for its user-friendly interface, MT4 offers a versatile and efficient trading environment with easily customizable features suitable for both beginners and experienced traders.
• Automated Trading: MT4 supports automated trading through the use of Expert Advisors (EAs) and a robust library of technical indicators, thanks to the MQL4 programming language.
• Hedging Support: The platform allows hedging strategies where traders can hold simultaneous buy and sell positions in the same financial instrument.
• Traditional Timeframes: MT4 offers 9 different chart timeframes, from 1 minute to 1 month, which are sufficient for a variety of trading styles focusing on shorter to medium-term trading strategies.


Promotions

　　FXGT offers several enticing promotions designed to enhance the trading experience for its clients. Here are the key promotional offers currently available:

• 25% Unlimited Loyalty Bonus:
• FXGT rewards its clients with a 25% bonus on every deposit made into eligible trading accounts. Once a client reaches the $10,000 bonus limit, the counter resets, allowing them to continue receiving benefits on subsequent deposits.
• VPS Sponsorship Program:
• Traders can elevate their trading with FXGT's VPS (Virtual Private Server) Sponsorship, which provides 24/7 access to high-speed servers. This allows traders to run their Expert Advisors (EAs) and automated strategies continuously, even when their personal computers are turned off. The VPS hosting minimizes order execution latencies to near-zero.


Research & Education

　　FXGT provides a robust suite of research and educational resources designed to support both novice and experienced traders in enhancing their trading knowledge and skills. Here's an overview of the research and education offerings available on FXGT:

• Blog:
• FXGT's blog serves as a valuable resource for traders, featuring a variety of articles that cover a wide range of topics. These include trading strategies, market trends, technical and fundamental analysis, and updates on economic events. The blog is designed to provide traders with insights and tips to refine their trading decisions and stay informed about the latest market developments.

• Market Analysis:
• The platform offers detailed market analysis, providing traders with in-depth reviews of financial markets. This includes analysis of major currency pairs, commodities, indices, and stocks. FXGT's market analysis helps traders identify potential trading opportunities by understanding market dynamics and price movements.

• Economic Calendar:
• The Economic Calendar is an essential tool for all traders, offering a schedule of major economic events that could impact financial markets. This includes economic indicators, central bank decisions, and governmental reports from various countries. By keeping track of these events, traders can anticipate market movements and adjust their trading strategies accordingly.

• Holiday Calendar:
• FXGTs Holiday Calendar informs traders about upcoming holidays that affects the trading hours of different markets. This is crucial for planning trading activities, as market behavior can vary significantly during holidays due to changes in market liquidity and trading volume.


Customer Support

　　FXGT offers customer support to assist clients with any inquiries related to products, services, or account opening. Heres a summary of the customer support options available at FXGT:

• 24/7 Multilingual Support Team:
• FXGT provides around-the-clock support in multiple languages, ensuring that global clients can receive help whenever needed. This service attract the diverse clientele that FXGT serves, offering support in their native languages for better communication.
• Live Chat:
• Clients can interact directly with the support team via live chat. This feature offers immediate assistance for urgent inquiries, making it convenient for traders to resolve issues or get answers to their questions in real-time.
• Email Support:
• General support: support@fxgt.com
• Partner support: partners@fxgt.com
• For detailed inquiries or issues that require thorough investigation, clients can send emails to specific departments:
• This allows for organized communication and ensures that queries are directed to the right department for prompt and accurate responses.
• Online Request Submission:
• Clients can submit requests or messages through an online form available on the FXGT website. They need to provide their first name, email, and the type of inquiry, which helps streamline the process and tailor the response to the specific needs of the inquiry.


Conclusion

　　FXGT offers a dynamic trading environment with a strong focus on accommodating a diverse range of traders through various account types, promotions, and extensive customer support.

　　The platform provides powerful trading tools like MetaTrader 4 and MetaTrader 5, enhanced by competitive trading conditions and educational resources.

FAQs

• What trading platforms does FXGT offer？
• FXGT offers MetaTrader 4 and MetaTrader 5, both of which are available on desktop, web, and mobile platforms.
• What types of accounts can I open with FXGT？
• FXGT provides several account types including PRO, ECN, Mini, and Standard+ to suit different trading styles and levels of experience.
• How can I contact FXGT for support？
• FXGT offers 24/7 multilingual support through live chat and email. Clients can also submit inquiries via an online request form on the FXGT website.

Risk Warning

　　The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.