Overall Rating: ★★★☆☆ (3.8/5)

Broker Overview

FXGT is a hybrid forex and CFD broker established in 2019, offering traders access to both traditional financial markets and cryptocurrencies. Known for its flexibility, high leverage options, and multi-asset trading environment, FXGT has positioned itself as an accessible broker for both new and experienced traders. In this FXGT review, we explore its key features, platforms, regulation, fees, and overall trading conditions.

Key Features of FXGT

FXGT provides a range of features tailored to diverse trader needs:

• Hybrid Trading: Forex, stocks, commodities, indices, and cryptocurrencies.
• MetaTrader 5 Platform: Offering advanced trading tools and multi-asset access.
• High Leverage: Up to 1:1000 depending on the asset and jurisdiction.
• Crypto Account Funding: Deposit and withdraw using Bitcoin, Ethereum, and other digital currencies.
• Bonuses and Promotions: Regular deposit bonuses and trading contests.
• Multi-Currency Accounts: Including both fiat and cryptocurrencies.

FXGT focuses on offering flexibility and easy access to a wide variety of markets.

Account Types Offered by FXGT

FXGT offers several account options:

• Standard+ Account:
  • No commission
  • Spreads from 1.2 pips
  • Suitable for beginners
• ECN Account:
  • Raw spreads from 0.0 pips
  • $6 commission per round trip
  • Designed for active traders
• Mini Account:
  • Lower minimum trade sizes
  • Designed for micro-trading strategies
• Crypto Max Account:
  • Specialised for cryptocurrency trading
  • High leverage and crypto pair access

Each account offers different trading conditions suited to different strategies and trader profiles.

Trading Platforms and Tools

FXGT supports one main trading platform:

• MetaTrader 5 (MT5):
  A powerful platform offering more timeframes, advanced charting, deeper market depth, and support for crypto trading compared to MT4.

Currently, FXGT does not offer a proprietary trading platform.

Regulation and Security

FXGT operates under offshore and regional regulation:

• Seychelles Financial Services Authority (FSA):
  FXGT is authorised and regulated under licence number SD019.

While FSA regulation provides a degree of client fund protection, it is considered lighter compared to major financial regulators like the FCA or ASIC.

Fees and Spreads

FXGT maintains competitive trading fees:

• Spreads:
  • Standard+ Account: From 1.2 pips
  • ECN Account: From 0.0 pips
• Commissions:
  • $6 per round trip on ECN accounts
• Deposit/Withdrawal Fees: No fees charged internally
• Inactivity Fees: $10 per month after 3 months of inactivity

The broker’s tight spreads and fee structure are attractive for both retail and professional traders.

Deposit and Withdrawal Options

FXGT offers flexible funding options:

• Deposit Methods: Bank transfers, credit/debit cards, Bitcoin, Ethereum, Tether, Skrill
• Withdrawal Methods: Same as deposit methods
• Processing Time: Most transactions processed within 24 to 48 hours

The ability to fund accounts using cryptocurrencies is a strong advantage for digital asset traders.

Customer Support

FXGT provides multilingual customer support:

• Support Hours: 24/5
• Contact Methods: Live chat, email, and phone support
• Help Centre: FAQs, platform tutorials, and basic trading guides

The support team is responsive, but more advanced technical support is somewhat limited.

Educational Resources

FXGT offers basic educational resources:

• Trading Guides: Covering platform usage and trading fundamentals.
• Market News: Regular updates and analysis.
• Webinars: Occasional educational sessions.

The educational content is helpful for beginners but could be expanded for more advanced traders.

Pros and Cons of FXGT

Pros:

• Hybrid broker offering forex, CFDs, and cryptocurrencies
• Access to the MT5 platform
• High leverage up to 1:1000
• Crypto funding options available
• Competitive spreads and bonuses

Cons:

• Offshore regulation offering lighter oversight
• Limited educational resources
• No MetaTrader 4 or proprietary platform option
• Inactivity fees apply after 3 months

Who Should Choose FXGT?

FXGT is ideal for:

• Crypto Traders: Looking for flexible deposit and trading options.
• High-Leverage Traders: Who want up to 1:1000 leverage.
• Cost-Conscious Traders: Interested in low spreads and competitive commissions.
• MetaTrader 5 Users: Preferring advanced charting and multi-asset access.

Traders seeking strong regulatory protection or a wide range of educational resources may prefer brokers regulated by top-tier authorities.

Conclusion

FXGT offers a flexible trading environment for traders seeking access to forex, CFDs, and cryptocurrencies on a single platform. With competitive spreads, high leverage, and crypto-friendly funding options, it suits cost-conscious and tech-savvy traders. However, offshore regulation and limited educational support are important considerations. Overall, FXGT is a strong option for experienced traders comfortable with lighter regulatory frameworks.