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FXGT Review

Edited by: Louis Schoeman

FXGT Review

Overall, FXGT can be summarised as a trustworthy and highly regulated Forex Broker that offers traders an impressive selection of four retail trading accounts.  FXGT has a trust score of 90 out of 99.

🔎 Broker🥇 FXGT
💴 Minimum Deposit5 USD
💵 Inactivity Fee✅Yes
📈 SpreadsFrom 0.0 pips
📉 Leverage1:1000
🪙 Currency Pairs41; major, minor, exotic pairs
📌 Scalping✅Yes
📍 Hedging✅Yes
🎁 Bonuses✅Yes
⏰ Support Hours24/7
🚀 Open an Account👉 Click Here


FXGT Review – Analysis of Brokers’ Main Features

  1. ☑️ Overview
  2. ☑️ Detailed Summary
  3. ☑️ Safety and Security
  4. ☑️ Account Types
  5. ☑️ How To Open an Account
  6. ☑️ Trading Platforms and Software
  7. ☑️ Fees, Spreads, and, Commissions
  8. ☑️ Which Markets can You trade?
  9. ☑️ Leverage and Margin
  10. ☑️ Deposit and Withdrawal
  11. ☑️ Educational Resources
  12. ☑️ Pros and Cons
  13. ☑️ Conclusion
  14. ☑️ Frequently Asked Questions



FXGT launched in 2020 and quickly became prominent in brokerage services, focusing on forex and cryptocurrency trading. The firm began its journey in Cyprus and has now grown to include headquarters in South Africa and the Seychelles.

This strategic expansion demonstrates its dedication to serving a worldwide clientele while conforming to regulatory regulations.

The Broker is known for its unwavering commitment to regulatory compliance, as shown by acquiring licenses from prestigious organizations such as FSCA (South Africa) and CySEC (Cyprus Securities and Exchange Commission).



Detailed Summary

🔎 Broker🥇 FXGT
📈 Established Year2020
📉 Regulation and LicensesFSCA, CySEC, VFSA, FSA
📊 Ease of Use Rating4/5
🎁 Bonuses✅ Yes, $30 No-Deposit Bonus, Loyalty Bonus, VPS Sponsorship Program
⏰ Support Hours24/7
🖱️ Trading PlatformsMetaTrader 4, MetaTrader 5
📌 Account TypesMini, Standard+, Pro, ECN
🪙 Base CurrenciesBTCH, ETH, USDT, ADA, XRP, EUR, USD, ZAR
📍 SpreadsFrom 0.0 pips
↪️ Leverage1:1000
💴 Currency Pairs41; major, minor, exotic pairs
💵 Minimum Deposit5 USD
💶 Inactivity Fee✅Yes
🥰 Website LanguagesEnglish, Arabic, Japanese, Thai, Vietnamese, Malay, Turkish
💷 Fees and CommissionsSpreads from 0.0 pips, commissions from $6 on Forex, $5 on metals, and 0.1% on crypto
🤝 Affiliate Program✅Yes
❌ Banned CountriesUnited States, Russia, Canada, Iran, and North Korea
🅰️ Scalping✅Yes
🅱️ Hedging✅Yes
📐 Trading InstrumentsForex, cryptocurrencies, synthetic cryptocurrencies, precious metals, energies, indices, stocks, DeFi Tokens, NFTs
🚀 Open an Account👉 Click Here


What makes the Brokers stand out in the forex and CFD brokerage market?

FXGT provides dynamic leverage and a wide selection of trading instruments, including synthetic cryptocurrencies and DeFi tokens, which are uncommon with other brokers.


What regulatory bodies oversee operations?

FXGT is regulated by the FSCA, CySEC, VFSA, and FSA to ensure compliance with international financial regulations.

FXGT Detailed Summary


Safety and Security

This broker employs extensive security protocols to protect clients’ personal information and assets.

The broker is under the supervision of multiple financial regulators such as Seychelles’ Financial Services Authority (FSA), South Africa’s Financial Sector Conduct Authority (FSCA), Vanuatu’s Financial Services Commission, and Cyprus Securities and Exchange Commission (CySEC) for institutional traders.

These regulatory bodies enforce stringent compliance with financial regulations while implementing protective measures to guarantee secured transactions.

FXGT separates client funds from operating funds and stores them in recognized financial institutions to protect clients’ money.

This protects clients’ money from unauthorized usage and allows for withdrawal at any moment. Furthermore, the broker uses powerful encryption technology to safeguard online transactions and protect critical personal information from illegal access.​

FXGT Safety and Security


Account Types

🔎 Account🥇 Mini🥈 Standard+🥉 Pro🏅 ECN
🩷 Best SuitedIdeal for beginnersIdeal for casual tradersIdeal for experienced tradersIdeal for scalpers, day, and algorithmic traders
📈 MarketsForex
Equity Indices
Precious Metals
GTi12 Index
Equity Indices
Precious Metals
GTi12 Index
Synthetic Cryptocurrencies
Equity Indices
Precious Metals
GTi12 Index
Synthetic Cryptocurrencies
DeFi Tokens
Equity Indices
Precious Metals
GTi12 Index
Synthetic Cryptocurrencies
🪙 CommissionsNone; only the spread is chargedNone; only the spread is chargedNone; only the spread is chargedFrom 0.1% - $6
📉 PlatformsAllAllAllAll
📊 Trade Size0.01 – 500 lots0.01 – 200 lots0.01 – 200 lots0.01 – 200 lots
📌 Leverage1:10001:10001:10001:1000
💵 Minimum Deposit5 USD5 USD5 USD5 USD
🚀 Open an Account👉 Click Here👉 Click Here👉 Click Here👉 Click Here

Micro Account

The Mini Account on FXGT is tailored to suit novice traders.  An investment as low as $5 offers a convenient gateway for beginners to enter the market.

The account promotes a minimalistic trading scenario that concentrates exclusively on currency exchange, valued equities indexes, precious metals like gold and silver, energy markets and stocks, and even cryptocurrencies such as the GTi12 Index included within its offering.

An advantage offered by this account type lies in its average spreads of around 10 points without any embedded commission costs, succeeding at achieving simplicity regarding fee structures.

Furthermore, this is something that many traders tend to appreciate better, especially compared to more complicated systems requiring thorough comprehension before investing.

Under normal circumstances, leverage can be increased until or beyond 1:1000, depending on your trading activity level. In contrast, bonuses are also available through accessing these accounts—signifying their suitability not just for new entrants but all those who want straightforward access to financial trades online.

FXGT Account Types

Standard+ Account

The Standard+ Account, available at FXGT, is perfect for experienced traders who seek to enhance their market exposure. With a minimal initial deposit of $5 and more asset access than the Mini Account – including synthetic cryptocurrencies – this account offers numerous advantages.

There are 0% commission costs, typical spreads that measure up to 10 points, and leverage as high as 1:1000 depending on volume levels; plus, it carries eligibility for incentives.

By straddling simplicity and extensive capabilities, The Standard+ builds well-balanced solutions ideal for any trader attempting to expand his portfolio without adding complications or confusion during trading sessions.

FXGT Account Types

Pro Account

The Pro Account by FXGT caters to seasoned traders seeking a professional workspace. A mere deposit of $5 suffices for trading diverse assets like DeFi Tokens and NFTs, among others.

The plan offers tight average spreads of 5 points without any commission charge, allowing up to 1:1000 leverage with market execution advantages.

Created explicitly considering advanced investors craving progressive financial products, it enriches the active users’ dynamic trading experience significantly better than other available variants.

FXGT Account Types

ECN Account

The ECN Account from FXGT caters to the needs of expert traders who deal in large volumes and employ intricate strategies such as scalping.

The account’s linkage with electronic communication networks ensures the speedy processing of orders. At the same time, its 0.0 pips spread feature and commission structure are tailored for proficient trading endeavors at a minimum deposit requirement starting from $5.

With an option of high leverage up to 1:1000 contingent on trade volume, this account type proves ideal for traders seeking maximum execution speed within a raw spread panorama environment.

FXGT Account Types

Demo Account

The Demo Account offered by FXGT proves to be an incredible asset for traders who wish to perfect their trading skills in a safe environment. It accurately mimics live market conditions and eliminates monetary risk through virtual funds.

This account is particularly advantageous for inexperienced individuals seeking hands-on practice and seasoned experts testing novel methodologies, comprehensively covering various markets, including forex and cryptocurrencies.

Though its trial period concludes within 30 days, it provides ample time to familiarize oneself with different trades before transitioning into actual scenarios on the platform.

FXGT Demo Account

Islamic Account

FXGT provides an alternative for traders who adhere to Sharia law through the Islamic Account. This account adheres to Islamic financial principles by eliminating interest accumulation.

With this account, traders can engage in forex and other asset trading without interest-related concerns.

The availability of such a distinctive option shows FXGT’s dedication towards catering to different necessities of clients worldwide while keeping their religious faith intact throughout market participation.


Can beginners use a demo account to practice trading?

Yes, beginners can use FXGT’s demo account, accessible for 30 days, to practice trading in a risk-free environment.


Are there any differences in the tradable assets among account types?

Yes, FXGT’s account categories include a variety of tradable assets, with the Pro account granting access to a broader selection, including NFTs and DeFi tokens.

FXGT Islamic Account


How To Open an Account

  • Begin by going to FXGT’s website and looking for the ‘Sign Up‘ or ‘Register‘ button, which is usually prominently displayed on the homepage; click on it to start the registration process.
  • Complete the registration form with your personal information.
  • Choose your desired base currency.
  • Verify your email address by clicking on a confirmation link in your inbox.
  • Log back into your new FXGT account and finish the Know Your Customer (KYC) procedure.
  • Wait for FXGT to validate the verification of your papers.
  • To fund your account, navigate to the ‘Deposit‘ area of your account dashboard.
  • Pick a deposit method and follow the on-screen instructions.
  • Once the funds are deposited, you can start trading on FXGT using your freshly formed account.

Is selecting a base currency other than USD when opening an account possible?

When creating an FXGT account, you may select from various base currencies, including EUR, ZAR, BTC, ETH, XRP, ADA, and USDT.


What steps are involved in verifying my identity when opening an account?

To verify your identity for an FXGT account, you must provide government-issued identification and proof of address papers as part of the KYC procedure.

How To Open an FXGT Account


Trading Platforms and Software

MetaTrader 4

MetaTrader 4, provided by FXGT, boasts a user-friendly interface and impressive capabilities—attributes that have earned it popularity among traders for its consistent performance.

This superb platform offers extensive analytical tools, such as technical indicators and interactive charting features, to make market analysis comprehensive.

Additionally, clients can benefit from automated trading using Expert Advisors (EAs), which enable algorithmic trade execution while personalizing their experience through customization options tailored towards individual preferences and trading styles.

FXGT Trading Platforms and Software

MetaTrader 5

FXGT offers MetaTrader 5, the newest trading platform that builds upon its forerunner’s abilities. This advanced system furnishes a broader range of technical indicators, timeframes, and graphic elements, creating an upgraded method to trade with greater sophistication.

MT5 has incorporated market depth and Economic Calendar while providing expert traders access to an enhanced strategy tester for EAs.

In addition, the developed scripting capabilities in custom tool development cater to novices and satisfy expert trader demands, looking for complete trading solutions provided by MT5.


Does FXGT offer a web-based trading platform besides the downloadable MetaTrader versions?

Yes, FXGT offers a WebTrader option for MT4 and MT5, allowing traders to access their accounts directly from web browsers without downloading.


Which versions of MetaTrader does FXGT offer to its traders?

FXGT provides both MetaTrader 4 and MetaTrader 5 platforms to accommodate a variety of trading styles and methods.

FXGT MetaTrader 5


Fees, Spreads, and, Commissions


FXGT’s trading cost structure places great importance on spreads, starting from an impressive 0.0 pips. This feature is advantageous for high-volume traders and scalpers who value cost-effectiveness in their transactions.

Nonetheless, fluctuations occur based on account type and market conditions that can cause a spread expansion during periods of significant volatility or non-typical trading hours, which may affect transaction costs accordingly.

As such, it is essential for traders not to overlook these changes- especially when opening or closing deals amidst volatile markets or economic news events.



FXGT has commissions tailored to suit diverse trading styles and volumes. The ECN account earns praise for its fee structure, fostering a raw spread environment attractive to skilled and high-frequency traders.

Each trade attracts commission fees applied at different rates based on the asset class in question; forex trades might incur costs of up to $6, while precious metals can attract charges of $5 per transaction. Cryptocurrency assets are subject to 0.1% levies.

These competitive industry tariffs provide transparent guidelines for traders seeking clarity when determining their financial dealings with FXGT’s platform and help maintain trust among all parties involved in these transactions.


Overnight Fees

FXGT’s pricing structure includes overnight costs, alternatively called swap or rollover fees. These charges are applicable for positions held open beyond one day and cover the expense of carrying trades through the night.

Depending on each instrument, these costs may vary significantly; therefore, traders adopting extended trading practices must consider them when estimating their expenditures.

To enable thorough planning and execution of trading strategies, considering such holding expenses’ contribution to overall cost outlay is essential – FXGT provides detailed information outlining every instrument’s specific overnight fee rate in this regard.


Deposit and Withdrawal Fees

FXGT prides itself on offering a cost-effective investment management solution with no direct fees for deposits or withdrawals. This means traders can operate with their capital outlay without incurring transaction costs.

However, it is important to note that while FXGT will not charge you extra fees, financial institutions and payment service providers processing your transactions may have separate charges – particularly when dealing with international transfers or currency conversions.


Inactivity Fees

Customers of FXGT are greatly concerned about the fee imposed on inactive accounts. Accounts that have remained dormant for 90 days will be charged monthly, highlighting the importance of managing one’s account actively.

To evade these charges, traders should frequently trade or choose to close their accounts if needed so as not to incur undesirable penalties.


Currency Conversion Fees

Traders will incur currency conversion fees if they engage in transactions outside their account’s base currency on FXGT. Traders must be mindful of the costs involved when making deposits and withdrawals, as these expenses could apply due to converting funds from or into a trader’s account-based currency.

Such charges are significant, especially for those who fund their accounts using NGN or other non-base currencies.

The applicable rates depend on current exchange figures and can influence overall trading profit margins; thus, traders need careful financial planning before opting for this route.


Does FXGT charge any fees for account inactivity?

Yes, FXGT charges fees on inactive accounts for a substantial time, usually over 90 days.


How does FXGT ensure fee transparency for traders?

FXGT has a comprehensive fee structure that includes all potential fees related to trading operations on its website and trading platforms.

Fees, Spreads, and, Commissions


Which Markets can You trade?

FXGT offers the following trading instruments and products:

  • 41 currency pairs
  • 24 cryptocurrencies
  • 9 synthetic cryptocurrencies
  • 3 precious metals
  • 3 energy instruments
  • 11 indices
  • 50 stock CFDs
  • 9 DeFi tokens

The platform expands into digital art and collectibles by selling 5 NFTs (Non-Fungible Tokens), catering to a small but quickly increasing industry that mixes money, digital ownership, and authenticity.


Are NFTs and DeFi tokens tradable on FXGT?

Yes, FXGT is one of the few brokers that provides trading on NFTs and DeFi tokens, catering to the most recent developments in digital assets.


What are the maximum trade sizes available for forex and cryptocurrencies on FXGT?

FXGT allows maximum trading quantities of 200 lots for forex and varying amounts for cryptocurrencies, with specified limitations based on the asset.

Which Markets can You trade with FXGT


Leverage and Margin

FXGT utilizes a leverage methodology that adapts based on the volume of active positions, with unique variations depending on asset classes. This approach is an effective risk management tool that adjusts trading potential according to the risk profile of traded products.

Concerning major forex pairings, modest positions may carry levies up to 1:1000; however, for holdings surpassing USD 2.5 million, this limit is reduced significantly to 1:100.

Furthermore, such scaling applies when considering minor and exotic pairs so traders can maximize their trade capacity while ensuring proper control over associated risks- especially those related to excessive volumes traded at once.

Both synthetic cryptocurrencies and traditional crypto assets, like Bitcoin and Ethereum, offer leverage starting at a 1:500 ratio for smaller transactions that decrease as position size grows.


What is the highest level of leverage offered?

FXGT provides leverage of up to 1:1000 on forex main pairs, with the actual leverage applied based on position size.


Are margin calls and stop-out levels clearly defined for each account type?

Yes, FXGT establishes margin call and stop-out thresholds ranging from 50% to 70% and 20% to 40%, depending on the account type.

FXGT Leverage and Margin


Deposit and Withdrawal

🔎 Payment Method🌎 Country💰 Currencies Accepted⏰ Processing Time
💴 Debit CardAllUSD, EUR, ZARInstant – 5 days
💵 Credit CardAllUSD, EUR, ZARInstant – 5 days
💶 CryptocurrenciesAllBTC, ETH, XRP, ADA, USDT ERC20, USDT TRC201 minute – 48 hours
💷 SticpayAllEUR, USDInstant – 48 hours
💴 NetellerAllEUR, USD, ZARInstant
💵 SkrillAllUSD, ZARInstant
💶 Online NairaNigeriaEUR, USDInstant
💷 Perfect MoneyAllEUR, USDInstant
💴 Local BanksAllEUR, USD, ZAR, NADInstant
💵 ZotaPayAllUSDInstant
💶 FasaPayAllUSDInstant
💷 Bank Wire TransferSouth AfricaZAR2 to 5 working days
💴 Binance PayAllUSDTInstant

Deposit Method:

Bank Wire

  • Log in to your account and pick the ‘Deposit‘ option from the dashboard.
  • Select ‘Bank Wire Transfer‘ from the list of deposit methods presented.
  • Enter the deposit amount in your account’s base currency
  • You will be given the banking information you need to begin a wire transfer.
  • Request a wire transfer using the banking information supplied on your bank’s online platform or in person at a branch.
  • Confirm the transaction and make a note of the transaction receipt or reference number.
  • Funds will be reflected in your account within 2 to 5 business days.


Credit or Debit Card

  • Access your trading account and go to the ‘Deposit’ area.
  • Choose the credit/debit card choice from the available deposit options.
  • Provide your card information, including the number, expiration date, and CVV code.
  • Enter the amount you want to deposit.
  • Verify the transaction information.
  • Once validated, complete the payment, and the money will be immediately added to your account.


Cryptocurrency Wallets

  • Sign in to your account and go to the deposit area.
  • Choose the cryptocurrency option and then pick the cryptocurrency you want to deposit.
  • Copy the selected coin, and FXGT will generate a unique wallet address.
  • Open your cryptocurrency wallet, and paste the broker’s address.
  • Enter the cryptocurrency amount to transfer, and complete the transaction.
  • The deposit is normally processed and credited to your account between 1 to 30 minutes.


e-wallets or Payment Gateways

  • Log into your account and select the ‘Deposit’ option.
  • Choose your favorite e-wallet or payment gateway from the list.
  • Enter the amount you want to deposit.
  • You will be redirected to the e-wallet or payment gateway’s portal.
  • Log into your e-Wallet account and confirm the payment information.
  • Authorize the transaction, and the funds will be placed immediately into your account.

FXGT Deposits

Withdrawal Methods:

Bank Wire

  • Sign in to your account and go to the ‘Withdrawal’ area.
  • Select ‘Bank Wire Transfer‘ as your withdrawal option.
  • Fill out the withdrawal form with the necessary banking information.
  • Enter the amount you want to withdraw and submit your withdrawal request.
  • FXGT will process your request, and you should get the funds in your bank account in between 2 to 5 business days.


Credit or Debit Cards

  • Access your account and click the ‘Withdrawal‘ option from the dashboard.
  • Select the credit/debit card selection from the withdrawal methods.
  • Enter the amount you want to withdraw.
  • Make sure it matches the card you previously used to deposit payments.
  • Submit the withdrawal request, and the funds should be paid back to your card within 2 to 5 business days.


Cryptocurrency Wallets

  • Log into your trading account and navigate to the withdrawals area.
  • Select the cryptocurrency withdrawal option and the type of coin you wish to withdraw.
  • Provide your cryptocurrency wallet address, where the payments will be transferred.
  • Confirm the withdrawal.
  • The withdrawal will be completed, and the cryptocurrency should be in your wallet within 48 hours.


e-wallets or Payment Gateways

  • Sign in to your account and navigate to the ‘Withdrawal’ section.
  • Choose your preferred eWallet or payment gateway, such as Neteller, Skrill, or SticPay.
  • Enter the amount you want to withdraw and any additional information needed to complete the transaction.
  • Confirm the withdrawal information and submit your request.
  • FXGT will process the withdrawal, and the funds should appear in your e-Wallet account immediately or within 48 hours.


Are local bank transfers supported for depositing funds?

They do accept various deposit options, including local bank transfers, but availability may vary by area.


What cryptocurrencies can I use to deposit funds into my account?

You can deposit funds into your FXGT account in currencies, including BTC, ETH, XRP, ADA, and USDT.

FXGT Withdrawals


Educational Resources

FXGT offers eBooks and a dictionary for traders, providing knowledge on trading, market analysis, and methods. These resources are not publicly accessible but are essential for efficient market navigation.


Does FXGT offer any real-time learning experiences like webinars or workshops?

While FXGT offers a variety of training tools, the availability of real-time learning opportunities, such as webinars, may vary.


Can I find strategies and trading tips within FXGT’s educational eBooks?

Yes, FXGT’s eBooks are likely to provide techniques and recommendations, but precise content information should be confirmed with their official resources.

FXGT Educational Resources


Pros and Cons

✔️ Pros❌ Cons
FXGT is regulated by numerous financial regulators, including FSCA, CySEC, VFSC, and FSA, ensuring traders' security and confidenceAlthough FXGT offers a diverse choice of instruments, it may lack comprehensive instructional materials compared to competitors
The price structure is reasonable and includes no deposit or withdrawal fees, making trading more affordableFXGT charges inactivity fees on dormant accounts
FXGT provides access to a wide selection of trading assets such as forex, cryptocurrencies, precious metals, energy, indices, and stocksWhile the dynamic leverage approach is useful for risk management, traders may need to evaluate their holdings and margin requirements continually
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In our experience, with its innovative leverage model and adaptable account options catered to diverse trading strategies.  FXGT has established itself as a notable contender in the forex and CFD brokerage industry.

Upholding strict compliance standards across multiple financial authorities enhances trust for clients’ funds protection. Furthermore, the platform offers competitive spreads without deposit or withdrawal fees.


FXGT provides the famous MetaTrader 4 and MetaTrader 5 platforms, which are well-known for their extensive trading features and user-friendly interfaces.

Withdrawals at FXGT are done quickly, depending on the payment method; some are rapid, while others, such as bank wire transfers, might take up to several business days.

FXGT has a low entrance hurdle for traders, with a minimum investment of only $5, making it accessible to a wide spectrum of investors.

Yes, FXGT allows you to trade various cryptocurrencies, which helps diversify your trading portfolio.

Yes, FXGT is regarded as a secure broker since various agencies authorize it, employ strong security measures such as segregated customer assets, and follow strict anti-money laundering procedures.

Yes, FXGT periodically provides various incentives and promotional offers according to the terms and limitations.

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