FXGT.com Review

FXGT.com Overall rating

	Rating	Weight
User Rating	4.6 (11 reviews)	3
Popularity	4.2	3
Regulation	5.0	2
Pricing rating	4.6	1
Features	Not rated	1
Customer Support	Not rated	1

We tested FXGT.COM using real-money live accounts. Our reviews are unique in that they do not have any bias for or against any broker and are driven purely on the underlying data we compile from live account testing, regulatory data, and opinions from customers. We list all brokers and do not charge a fee for it. We offer additional visibility for a fee, but our review content cannot be influenced. Read our About Us page to read our editorial guidelines and how we make money.

Trustworthiness & Regulation

FXGT.COM is regulated by multiple entities including Cyprus CY CySEC, South Africa ZA FSCA, Vanuatu VU VFSC, and Seychelles SC FSA. This broker ensures segregated client funds across all these regulatory bodies, providing an additional layer of security. However, the entity regulated by Cyprus CySEC is available only for institutional clients.

User reviews rate FXGT.COM highly, with an average rating of 4.4 out of 5 based on 8 reviews. Despite being relatively new to the market, having been founded in 2017, it ranks impressively high among forex brokers both by users and experts. It boasts a popularity rating of 4.2 out of 5, reflecting its strong web traffic and user engagement.

Company	Licenses & Regulations	Segregated Client Money	Deposit Compensation Scheme	Negative Balance Protection	Rebates	Max. Leverage Retail Clients
GT Investment Services Ltd*	Cyprus - CY CYSEC		up to €20,000			30 : 1
GT IO Markets (Pty) Ltd	South Africa - ZA FSCA					5000 : 1
GT Global Markets Ltd	Vanuatu - VU VFSC					5000 : 1
360 Degrees Markets Ltd	Seychelles - SC FSA					5000 : 1

Deposit Insurance

FXGT.COM does not offer an investor compensation scheme under any of its regulatory frameworks (the CySEC's ICF offered for retail traders is not applicable for institutionall traders). This means that in the event of the broker's failure, clients are not entitled to compensation.

This can be a critical factor to consider when choosing a broker, especially for those who prioritize the security of their funds. While the absence of such a scheme does not necessarily indicate a higher risk, it does place more emphasis on the broker’s operational integrity and financial stability.

Spreads and Costs

FXGT.COM has not included their spread information in our spreads tool, a critical resource for traders evaluating brokerage services. Spreads, which represent the difference between the bid and ask prices of a currency pair, are a key determinant of trading costs and directly impact profitability.

Combined Spread/Commission Costs Per Instrument Compared to Market Leading Brokers

Comparison to other Brokers

When compared to other brokers, FXGT.COM holds its own with a high user rating, strong regulatory framework, and competitive spreads and costs. Despite being relatively new to the market, it has quickly gained popularity and trust among traders.

Its wide range of tradable instruments and robust trading platforms further enhance its appeal. However, the lack of an investor compensation scheme and absence of ETFs, Bonds, and Futures might be a drawback for some traders.

Overall, FXGT.COM is a strong contender in the forex brokerage industry.

Trading Platforms - Mobile, Desktop, Automated

FXGT.COM offers both MetaTrader 4 and MetaTrader 5 platforms, available on desktop, mobile, and web. These platforms are renowned for their comprehensive charting tools, automated trading capabilities, and ease of use.

Automated trading is supported through Expert Advisors (EAs), which can be programmed using the MQL4 and MQL5 languages. These languages are relatively easy to learn and provide powerful tools for developing custom trading strategies.

What Can you Trade?

FXGT.COM offers a variety of CFDs (Contracts for Difference) across multiple asset classes. CFDs allow traders to speculate on the price movements of assets without owning the underlying assets.

This can be advantageous as it enables the use of leverage, amplifying potential gains (and losses). However, it is important to understand the risks involved, particularly with leveraged trading.

Available Leverage

FXGT.COM offers varying leverage levels depending on the regulatory entity and the type of instrument being traded. Retail clients under the South Africa ZA FSCA entity, the Vanuatu VU VFSC and Seychelles SC FSA entities are offered leverage up to 1000:1.

Institutional clients under Cyprus CY CySEC can request a different leverage ratio (30:1 is reserved for retail clients). It is crucial for traders to understand the implications of using leverage, as it can significantly magnify both profits and losses.

Prohibited Countries

FXGT.COM cannot open client accounts for residents of certain countries, inclusing the United States of America, Member States of the European Union, Canada, North Korea, Belize and to residents of other countries whose domestic regulations classify such investment offering as prohibited.

Potential clients should verify with FXGT.COM directly to determine if their country of residence is on the prohibited list.

FXGT.com Account types

	Standard+	PRO	ECN	Optimus
Maximum leverage	1000:1			5000:1
Mobile Platform	MT4 Mobile, MT5 Mobile
Trading platform	MT4, MT5
Spread Type	Variable Spread
Minimum Deposit	5			10
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	Standard+
Maximum leverage	1000:1
Trading platform	MT4MT5
Mobile platform	MT4 MobileMT5 Mobile
Spread type	Variable Spread
Minimum deposit	5
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	PRO
Maximum leverage	1000:1
Trading platform	MT4MT5
Mobile platform	MT4 MobileMT5 Mobile
Spread type	Variable Spread
Minimum deposit	5
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	ECN
Maximum leverage	1000:1
Trading platform	MT4MT5
Mobile platform	MT4 MobileMT5 Mobile
Spread type	Variable Spread
Minimum deposit	5
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	Optimus
Maximum leverage	5000:1
Trading platform	MT4MT5
Mobile platform	MT4 MobileMT5 Mobile
Spread type	Variable Spread
Minimum deposit	10
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

FXGT.com Web traffic

Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.

FXGT.com Profile

24 hour support

Islamic Accounts

Accepts Canadian clients

Accepts Japanese Clients

Non expiring demo

Trading API

Cent accounts

Negative balance protection

Social trading

Trailing stops

Bonuses

Interest on margin

Fixed spread

Variable spread