FXGT Review Gives You a Detailed Look at this Broker

We would not be ashamed to recommend FXGT to anyone. They have been in business for several years now, but they never stop adapting to the market needs.

We detail everything about this broker in our FXGT Review, from their regulation, over trading platforms, to the general trading environment. So stick around and here we go!

Is FXGT Legit?

The simple answer to this question is yes. The broker owns several licenses, including those from CySEC (institutional clients), FSCA, VFSC, and the FSA. While the final two might not be the best licenses in the world, the CySEC one gives us confidence about this broker, as we are talking about a Tier-1 regulator.

A trustworthy broker will have a license from a reliable regulator, and depending on the region, those are:

• Japanese FSA
• Indonesian CoFTRA
• Securities Commission of Malaysia 
• New Zealand FMA
• Australian ASIC

Regulatory bodies work in favor of the traders by imposing strict rules on brokers. They set extremely high minimum operating capital requirements for brokers so that scammers with a limited budget cannot get regulated. Additionally, they have investor and negative balance protection, and many other rules that create a safe environment for all traders.

FXGT Profile

Found on fxgt com, this broker has something for everyone. Firstly, they offer two of the most premium trading platforms on the market – MT4 and MT5.

Beloved in the trading community by novices and veterans alike, these platforms provide exceptional functionality, and a jam-packed set of advanced tools, all wrapped up in a user-friendly interface. Usability was the key point in mind with MT4 and MT5, and it shows.

Secondly, we love the account situation at FXGT because there is an FXGT Account Type for everyone. You can choose between four options:

• ECN
• Mini
• Standard+
• Pro

If you are new to trading, then the Mini account is perfect. You can trade with micro lots and on a wide array of instruments. If you are a more seasoned trader, on the other hand, then you can go with the Pro account, as it offers all the functionality you need. But the best thing is that the FXGT Minimum Deposit is only $5, so even if you are operating with a small budget, you can open an account at FXGT.

Additionally, there is a bonus plan for newcomers. If you register for a Mini or Standard+ account, you get a Welcome Bonus. With those same accounts, you are also eligible for a Loyalty Bonus of up to 25% and a Loyalty Reset Bonus.

Is FXGT Safe?

Yes, FXGT is safe. The most important item in considering this question is if the broker has a reliable license and FXGT does. Most notably, they are regulated by CySEC and FSCA, which gives them credibility in our eyes.

However, they do not offer trading services in the US, Canada, Iran, Russia, and North Korea. If this is a deal-breaker for you, contact us today for free consultations where we can discuss your options.

Trader Reviews – Sharing Experiences

An ever-popular segment of our articles is trader reviews that serve as a glimpse into reality. They show you what real clients think about their brokers and give us valuable insight into brokers’ practices.

FXGT is generally well-received in the community. Trustpilot gives it 3.1 stars, and there are 26 total reviews. More than 54% of people gave them five stars, one of them saying: “I had a great experience trading in fxgt because deposits and withdrawals are very fast. Other than that, they have very good promotions, a 40% deposit bonus, and their management is very helpful in assisting my clients. They just need to improve their registration process and be more lenient towards their KYC policy.”

How Does the FXGT Platform Reach Clients and Who Are They?

We know from their website that FXGT does not operate in the US, Canada, Iran, Russia, and North Korea. Based on our research, we found that most clients come from the Asian market, specifically Malaysia.

Deposits and Withdrawal Methods

FXGT also accepts a wide range of payment methods, including:

• Visa/MasterCard cards
• Bank wire
• Bitcoin
• Ethereum
• Tether
• Neteller, etc.

As far as fees go, FXGT Broker charges none, except for transfers by bank wire. However, a slight minus on their report card is the lack of the exact amount of the commission, as we believe in transparency, and this is something traders would want to know.

We would also like to add that after completing the FXGT Login process, all clients must do the KYC verification. This has to be done before any financial transactions are made.

Reasons To Enjoy This Company

There are plenty of reasons to love FXGT. Firstly, they are regulated, which is the most important thing. Secondly, they have a versatile offer where everyone can find something for them. Whether it is an account option that best suits you or the instruments you want to trade, FXGT has it all. And the fact that you can open an account for only $5 is a huge plus.

Our Safe Trading Experts’ Opinion of FXGT

Reaching the end of our FXGT Review, we hope you gained a better understanding of what this broker is all about. But if this broker is not right for you, that is okay. We can recommend Conotoxia and eFinno right off the bat, and you can reach out to us if you want a personalized recommendation.

FAQ Section