摘要:FXGT is a Seychelles-registered forex and CFD broker that provides a wide range of trading instruments including forex, cryptocurrencies, metals, energies, equity indices, stocks, DeFi tokens, and NFTs. The company is regulated by the Financial Services Authority (FSA) in Seychelles and offers multiple trading accounts, competitive spreads, and high leverage of up to 1:1000. FXGT provides access to the popular MT5 platform across desktop, web, and mobile devices and offers a range of educational resources to support traders. The company has a 24/7 customer support team available via email and social media channels.
Registered in | Seychelles |
Regulated by | FSA |
Year(s) of establishment | 2-5 years |
Trading instruments | Forex, Cryptocurrencies, Synthetic Cryptos, Metals, Energies, Equity Indices, Stocks, DeFi Tokens, NFTs |
Minimum Initial Deposit | $5 |
Maximum Leverage | 1:1000 |
Minimum spread | 0.0 pips onwards |
Trading platform | MT5 Desktop, Web, Mobile |
Deposit and withdrawal method | VISA, MasterCard, JCB, bank wire, Instant Local Bank Transfer, BTC, ETH and other cryptocurrencies |
Customer Service | 24/7 Email, social medias |
Fraud Complaints Exposure | Yes |
It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
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Pros:
Regulated by the Seychelles Financial Services Authority (FSA)
Offers a wide range of financial instruments, including forex, cryptocurrencies, metals, energies, equity indices, stocks, DeFi tokens, and NFTs
Provides multiple account types to choose from, catering to different trading styles and preferences
Offers the popular and versatile MT5 platform, available on desktop, web, and mobile devices
Low minimum deposit requirements and no extra fees charged for deposits or withdrawals
Provides a variety of educational resources to help traders improve their knowledge and skills
Responsive and 24/7 customer support available via email and social media channels
Cons:
Seychelles-based regulation may not be as stringent as some other regulatory bodies, such as the FCA or ASIC
The maximum leverage of 1:1000 offered by FXGT can be considered high-risk for inexperienced traders
The spreads and commissions for certain account types may be relatively high compared to other brokers in the market
Advantages | Disadvantages |
FXGT offers tight spreads and fast execution due to its Market Making model. | As a counterparty to its clients' trades, FXGT has a potential conflict of interest that may lead to decisions that are not in the best interest of its clients. |
FXGT is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, FXGT acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that FXGT has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with FXGT or any other MM broker.
FXGT is a Seychelles-registered forex and CFD broker that provides a wide range of trading instruments including forex, cryptocurrencies, metals, energies, equity indices, stocks, DeFi tokens, and NFTs. The company is regulated by the Financial Services Authority (FSA) in Seychelles and offers multiple trading accounts, competitive spreads, and high leverage of up to 1:1000. FXGT provides access to the popular MT5 platform across desktop, web, and mobile devices and offers a range of educational resources to support traders. The company has a 24/7 customer support team available via email and social media channels.
In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.
Advantages | Disadvantages |
A wide range of tradable assets | The diversity of instruments may be overwhelming for novice traders |
Access to various markets and sectors | High volatility and risks associated with some assets, such as cryptocurrencies and DeFi tokens |
Opportunities for diversification | The complexity of some instruments may require advanced trading knowledge and experience |
Potential for high returns | Market movements can be unpredictable and cause significant losses |
FXGT offers its clients a diverse selection of trading instruments. Traders can access the forex market and trade major, minor, and exotic currency pairs. The broker also offers a range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, as well as synthetic cryptos. Additionally, FXGT provides traders with the opportunity to trade metals, energies, equity indices, stocks, DeFi tokens, and NFTs. This wide range of instruments allows traders to diversify their portfolio and potentially benefit from various market movements. However, it is important to note that some of these assets, such as cryptocurrencies and DeFi tokens, carry high volatility and risks, making them unsuitable for all traders.
Advantages | Disadvantages |
Low spreads on ECN account | Standard+ and Mini account spreads are relatively high |
Commission-free trading on all accounts | Commission charged on ECN account |
No hidden fees or charges | Limited information on trading costs for other instruments |
Transparent pricing and costs | No information on overnight swap charges or other fees |
Tight spreads on major pairs |
FXGT offers four different account types with varying spreads, commissions and other costs. The ECN account offers the tightest spreads from 0 points, however, this account type comes with a commission charged on all FX asset classes, with up to $6 round-turn charged for FX and up to $5 round-turn for precious metals. The PRO account offers spreads from 5 points, and no commission is charged. The Mini and Standard+ accounts offer spreads from 10 points with no commission charged. FXGT ensures transparent pricing and no hidden fees or charges, giving traders peace of mind. However, information on overnight swap charges or other fees is not available on the website. Moreover, there are bonuses or promotions offered to traders, which may be an advantage for some.
Advantages | Disadvantages |
Multiple account options to choose from | ECN account charges commission on certain asset classes |
High maximum leverage of 1:1000 available on all accounts | Spreads on Mini and Standard+ accounts may be higher than other brokers |
Commission-free trading available on PRO, Mini, and Standard+ accounts | |
Negative balance protection offered on all accounts |
FXGT offers traders a variety of account types to choose from, including the PRO, ECN, Mini, and Standard+ accounts. Each account has its unique features and benefits, such as commission-free trading on the PRO, Mini, and Standard+ accounts and the availability of high leverage up to 1:1000 on all accounts. However, some traders may find the spreads on the Mini and Standard+ accounts may be higher than other brokers. Additionally, the ECN account charges commission on certain asset classes, which may not be suitable for all traders. Nonetheless, FXGT offers negative balance protection on all accounts, which is a crucial feature to have in case of unexpected market volatility.
Advantages | Disadvantages |
MT5 is available on desktop, web, and mobile platforms, making it easy to access from anywhere | The broker only offers the MT5 platform, which may not be preferred by all traders |
The desktop platform is highly customizable with a wide range of technical analysis tools and indicators | Some traders may find the platform too complex or overwhelming |
The web platform is accessible from any browser without needing to download software | The web platform may have slightly reduced functionality compared to the desktop platform |
The mobile platform is available for both iOS and Android devices and allows for trading on-the-go | Trading on a mobile device may be less convenient and less efficient than on a desktop platform |
Regarding the platforms dimension, FXGT offers the popular and advanced MT5 trading platform, which is available on desktop, web, and mobile platforms. The desktop platform is highly customizable with a wide range of technical analysis tools and indicators, making it suitable for more experienced traders. The web platform is accessible from any browser without needing to download software, which is beneficial for traders who are always on the go. The mobile platform is available for both iOS and Android devices, allowing traders to manage their accounts and trade on the go. However, the fact that FXGT only offers the MT5 platform may not be preferred by all traders who may prefer other platforms. Additionally, some traders may find the platform too complex or overwhelming, and trading on a mobile device may be less convenient and less efficient than on a desktop platform.
Advantages | Disadvantages |
Potential for high profits with a smaller initial investment | Higher leverage can lead to larger losses if not managed properly |
Allows for greater flexibility in trading strategies | Higher leverage may result in higher transaction costs |
Can take advantage of market opportunities with smaller capital | Higher leverage requires greater attention and risk management |
Higher leverage can provide more trading opportunities | Limited leverage options for traders who prefer lower risk trading |
Opportunity to diversify investment portfolio | Leverage may amplify market volatility |
FXGT offers a maximum leverage of up to 1:1000, which can be an attractive feature for traders who want to maximize their potential returns with a smaller initial investment. Higher leverage allows traders to take advantage of market opportunities and execute more trades. However, it's important to note that higher leverage also carries higher risk, which means traders need to be cautious and employ effective risk management strategies. If not managed properly, higher leverage can also result in significant losses. Additionally, higher leverage may lead to higher transaction costs, and traders who prefer lower risk trading may find limited leverage options. Overall, while high leverage can be beneficial, traders need to carefully consider their risk tolerance and trading strategy before utilizing it.
Advantages | Disadvantages |
Multiple payment options available | Minimum deposit amount of around 50 USD |
Instant deposits | Withdrawal processing time of 2 business days |
No extra fees charged by FXGT |
FXGT offers a variety of payment options for both deposits and withdrawals, including major credit cards, bank wire transfers, and various cryptocurrencies. Deposits are processed instantly, and FXGT does not charge any extra fees for deposit transactions. However, the minimum deposit amount is around 50 USD, which may not be suitable for some traders. Withdrawals can be made using the same payment methods as deposits, but processing time takes up to 2 business days, which can be considered as a disadvantage. Despite these limitations, FXGT provides several popular payment options without any additional charges, making it a suitable choice for traders looking for a reliable payment system.
Advantages | Disadvantages |
Wide range of educational resources available, catering to different learning styles and levels | No access to one-on-one coaching or mentoring |
Free to access for all clients | Some resources may not be regularly updated or may be limited in scope |
Includes market analysis and trading signals, providing valuable insights for traders | Some resources may be more basic and may not cater to advanced traders |
Helps traders stay informed about the latest developments in the financial markets | Educational resources may not guarantee profitability or success in trading |
Economic calendar allows traders to keep track of important events and announcements that may impact their trades |
FXGT provides traders with a comprehensive range of educational resources that cater to different learning styles and levels. These resources include an economic calendar, market reports, video tutorials, trading signals, technical analysis, eBooks, and a glossary. Traders can access these resources for free, and they are designed to help traders stay informed about the latest developments in the financial markets. The educational resources also provide valuable insights into market analysis and trading signals, which can help traders make informed decisions about their trades. However, it is important to note that the educational resources may not guarantee profitability or success in trading, and some resources may be more basic and may not cater to advanced traders. Additionally, there is no access to one-on-one coaching or mentoring, which may be a disadvantage for some traders.
Advantages | Disadvantages |
24/7 customer support | No phone support available |
Multiple channels available | No live chat support available |
Active presence on social media | No local language support available |
Responsive and helpful customer care team |
FXGT offers a solid customer care dimension with multiple channels available for users to contact the support team. Customers can reach out to the support team via email at support@fxgt.com, or through social media platforms like Instagram, Facebook, and LinkedIn. The support team is available 24/7, and they are known to be responsive and helpful in resolving customer queries and issues. However, there is no phone support or live chat available, which may be a disadvantage for some users. Additionally, local language support is not available, which may be a limitation for non-English speakers. Overall, FXGT provides a decent customer care experience, with a reliable support team and multiple channels for users to contact them.
Overall, FXGT is a reputable forex and CFD broker that offers a wide range of trading instruments, multiple account types, and a variety of trading platforms. With its competitive trading conditions, including low spreads, high leverage, and negative balance protection, FXGT attracts traders of all levels of experience. The company also provides a variety of educational resources, such as market reports, trading signals, and video tutorials, to assist traders in their trading journey. While FXGT is a relatively new company in the industry, it has already gained a positive reputation among traders. With its customer-oriented approach, 24/7 support, and user-friendly trading platforms, FXGT is an excellent option for traders looking for a reliable and transparent broker.
Question: Is FXGT a regulated forex broker?
Answer: Yes, FXGT is a Seychelles-registered company and is regulated by the Financial Services Authority (FSA) of Seychelles.
Question: What trading platforms are available at FXGT?
Answer: FXGT offers the popular MT5 platform, which is available on desktop, web, and mobile devices.
Question: What is the minimum deposit required to open an account with FXGT?
Answer: The minimum deposit required for all account types at FXGT is $5.
Question: What types of accounts are available at FXGT?
Answer: FXGT offers four account types: PRO, ECN, Mini, and Standard+ accounts. Each account type has its own unique features and trading conditions.
Question: What is the maximum leverage offered by FXGT?
Answer: The maximum leverage offered by FXGT is up to 1:1000, which is a high level of leverage compared to other brokers.
Question: Does FXGT charge any deposit or withdrawal fees?
Answer: FXGT does not charge any deposit or withdrawal fees, and processing times are generally quick, with deposits being instant and withdrawals taking up to 2 business days.
Question: What educational resources are available at FXGT?
Answer: FXGT offers a variety of educational resources, including an economic calendar, market reports, video tutorials, trading signals, technical analysis, eBooks, glossary, and trader insights.