FXGT is a forex and CFD broker founded in 2019 and based in Seychelles. The broker offers a wide range of trading instruments including forex, crypto, commodities, and indices. FXGT is regulated by several authorities such as the FSA Seychelles, the FSCA of South Africa, and the VFSC of Vanuatu. With a user-friendly trading platform and competitive trading conditions, FXGT has become a popular choice among global traders.
Pro
- Minimum deposit as low as $5, suitable for new traders
- Various account types including Standard, ECN, and Mini
- MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms are supported
- High leverage up to 1:1000
- 24/7 customer support via email, phone, and live chat
Cons
- No negative balance protection for all accounts
- A $10 inactivity fee is charged after 6 months of inactivity.
- No Islamic accounts offered
Trading Products
FXGT offers a wide range of trading instruments including:
- Forex: Over 50 major, minor, and exotic currency pairs.
- Crypto: Bitcoin, Ethereum, and others.
- Commodities: Gold, silver, oil, and gas.
- Indices: S&P 500, NASDAQ, and FTSE 100.
Trading Platform
FXGT provides the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are known for their comprehensive technical analysis tools and adaptability to mobile devices. The platforms also support automated trading and technical indicator customization.
Spreads and Commissions
Standard Account: Spreads start from 1.5 pips with no commission.
ECN Account: Spreads start from 0 pips with a commission of $6 per lot.
Mini Account: Suitable for new traders with competitive spreads.
Payment Methods
FXGT supports a variety of payment methods including credit/debit cards, bank wire transfers, and e-wallets such as Skrill, Neteller, and crypto. Deposits and withdrawals are processed quickly with no additional fees.
Customer Service
FXGT customer support is available 24/7 via email, phone, and live chat. Their support team is multilingual and very responsive, helping to resolve any issues quickly.
Conclusion
FXGT is a broker that offers a wide range of trading instruments, a sophisticated platform, and competitive trading conditions. Despite some drawbacks such as inactivity fees and no negative balance protection, FXGT remains a good choice for both new and experienced traders. With a low minimum deposit, high leverage, and good customer support, FXGT is worth considering as your primary broker.
