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How is FXGT? Is it Reliable?

FXGT.com is a forex trading company established in 2019, operating in Southeast Asia, Africa, and Japan. It offers a wide range of trading tools including CFDs, stocks, forex, commodities, cryptocurrencies, energy, indices, and more.

FXGT Overview

Established in 2019, FXGT is a Seychelles-registered company dedicated to providing safe, transparent, and efficient cryptocurrency trading services. As a leading global cryptocurrency trading platform, FXGT offers a diverse range of financial products and services, supporting the trading of multiple cryptocurrencies including mainstream ones like Bitcoin, Ethereum, and Litecoin, as well as some niche currencies.

FXGT Security

FXGT is a fully regulated broker, adhering to regulatory standards and maintaining a high level of capital adequacy. It is regulated by the following authorities:

  • Seychelles Financial Services Authority (SFSA) with Securities Dealer License No. SD019.
  • South African Financial Sector Conduct Authority (FSCA) with License No. 48896.
  • Vanuatu Financial Services Commission (VFSC) with License No. 700601.
  • Cyprus Securities and Exchange Commission (CySEC) with License No. 382/20, operating under the Markets in Financial Instruments Directive (MiFID II).

FXGT has passed PCI DSS certification to protect cardholder data and prevent unauthorized access. The platform adopts multiple security measures, including cold storage, multi-signature, SSL encryption, etc. to ensure the safety of user assets. In addition, FXGT also continuously improves its security protection capabilities through regular security audits and tests.

  • Segregated Accounts: FXGT keeps traders' funds completely separate from its own operational funds, ensuring that traders' funds are never used for company purposes or any other investments, thereby protecting their funds at all times.
  • Data Security: FXGT's advanced encryption technology ensures the highest level of security for traders' data. Traders' details, transaction records, and activities are stored on secure servers protected by firewalls; data transmission is encrypted to prevent theft and unauthorized third-party access.
  • Tier-1 Banks: FXGT partners with top-tier banks to ensure that client funds are held in reputable and highly rated financial institutions, allowing the company to operate at the highest standards.
  • Negative Balance Protection: FXGT offers negative balance protection, ensuring that traders' losses do not exceed the amount deposited into their real trading accounts.
  • Risk Management: FXGT has established a set of policies and procedures to protect traders' trading activities from certain risks; traders' funds are held in tier-1 financial institutions and are continuously monitored to effectively identify and limit potential risks.
  • Capital and Reserves: FXGT maintains a 40% capital adequacy ratio, four times higher than the typical capital risk-weighted ratio.
  • Liability Insurance: FXGT provides liability insurance coverage for its clients, with a total insurance amount of up to 1,000,000 EUR, including market insurance to protect against errors, omissions, negligence, or other risks that may result in financial loss.

FXGT Service Features

  • Variety of Choices: Traders have access to a wide range of account types, ensuring they can find the one that suits their trading needs and style.
  • Comprehensive Access: The diversity of markets brings more opportunities. With a wide range of financial products, market research tools, easy-to-understand analyses, and various bonus activities, FXGT enhances the trading experience while offering more profit opportunities.
  • High Credibility: FXGT is authorized and regulated by trusted institutions, ensuring clients' funds are always safe. Client funds are kept separate from company operational funds, and clients can withdraw their funds at any time.

FXGT Account Types

FXGT.com offers five main account types: Mini, Standard+, ECN, PRO and Optimus. Considering the specific needs of traders after entering the global market, each account type offers different services. Traders can set up multiple accounts, allowing them to flexibly adjust their trading goals or strategies when needed.

  • Mini: Ideal for beginners, the Mini account allows traders to trade micro-lots across multiple asset classes.
  • Standard+: A comprehensive account that gives traders access to all securities on sale and the ability to trade hundreds of available financial instruments, as well as access to regular promotions and incentives.
  • PRO: Best suited for experienced traders, the PRO account offers zero commissions and swap-free trading.
  • ECN: Provides traders with a true market trading experience, suitable for beginners and experienced traders who prefer short-term price trading.
  • Optimus: Optimized for day trading, offering leverage of up to 1:5,000, allowing traders to engage in significant trades with minimal capital. Optimus provides high leverage, high spreads, and a variety of trading tools.

Below is a comparison of the account types:

Feature Optimus PRO ECN Zero Standard+ Mini
Contract Size 100,000 100,000 100,000 100,000 10,000
Spread Starting from 8 pips 5 pips 0 pips 10 pips 10 pips
Commission/Transaction Fee $0 $0 $3 per side for forex assets, up to $5 per round for precious metals $0 $0
Leverage Up to 1:5,000 (based on net worth) Up to 1:1,000 (based on net worth) Up to 1:1,000 (based on net worth) Up to 1:1,000 (based on net worth) Up to 1:1,000 (based on net worth)
Initial Deposit $10 (MT5 only) $50 $100 $10 $5
Minimum Trade Size 0.01 lot 0.01 lot 0.01 lot 0.01 lot 0.01 lot
Maximum Trade Size 100 lots 60 lots 120 lots 50 lots 200 lots
Maximum Trade Volume Limit 200 lots 200 lots 200 lots 200 lots 500 lots
Margin Call 50% 50% 70% 70% 70%
Stop Out Level 0% 20% 40% 40% 40%
Swap-Free Days

Other assets: 2 days

Forex majors, metals, indices, energy: up to 6 days

Forex exotic pairs, JPY pairs, stocks: 0 days

Gold, indices: 3 days

Forex, energy, stocks: 0 days

All assets: 0 days 0 days 0 days
Max Open Positions 200 200 200 100 150
Max Pending Orders 200 200 200 100 50

FXGT Account Opening Process

Opening an account with FXGT is simple. Click “Open an account now with FXGT!” and use the exclusive Hawk Insight referral code 【26342】 to receive a welcome bonus!

Step 1: Visit the FXGT website

  • On the homepage, locate and click the "Register" or "Open Account" button.

Step 2: Fill in Registration Information

  • On the registration page, fill in basic information, including name, email address, phone number, and password (create a strong password that includes letters, numbers, and special characters).
  • Confirm you are over 18 years old and agree to FXGT's terms of service and privacy policy.
  • Click the "Create Account" button to complete registration.

Step 3: Email Verification

  • After registering, you will receive a verification email from FXGT.
  • Open the email and click the verification link to confirm your email address.

Step 4: Complete Account Setup

  • Log in to your FXGT account and complete your personal information, including:
    • Proof of identity (such as passport or ID card)
    • Proof of residence (such as a recent utility bill or bank statement)
  • You may also need to answer questions about your trading experience and risk tolerance.

Step 5: Account Verification

  • After submitting all necessary documents, FXGT will verify your account.
  • The verification process may take a few business days. Once verified, you can start trading.

Important Notes

  • Ensure the information provided is true and valid to avoid any issues with subsequent trading and withdrawals.
  • Follow FXGT's terms of use and trading rules, and manage risk wisely.

FXGT Deposits and Withdrawals

Deposit Process

  1. Log In: Visit the FXGT website and log in using your account information.
  2. Access Deposit Page: After logging in, click the "Deposit" or "Top Up" button on the page to enter the deposit page.

    After logging in, click the "Deposit" or "Top Up" button on the page to enter the deposit page.

  3. Select Deposit Method: FXGT supports various deposit methods including bank transfers, credit cards, and e-wallets. Choose the method that suits you.

    FXGT supports various deposit methods including bank transfers, credit cards, and e-wallets.

  4. Enter Deposit Information: Depending on the selected deposit method, fill in the relevant deposit details such as amount, account information, etc.

    Depending on the selected deposit method, fill in the relevant deposit details such as amount, account information, etc.

  5. Confirm and Submit: Review the entered information for accuracy, then confirm and submit your deposit request.
  6. Wait for Processing: After submitting the deposit request, wait for FXGT to process it. Processing times vary depending on the deposit method.

Available Deposit Methods:

Method Currency Minimum Deposit Processing Time
VISA

USD

EUR

JPY

50 USD

50 EUR

5,000 JPY

Instant
Mastercard

USD

EUR

JPY

50 USD

50 EUR

5,000 JPY

Instant
Bitcoin BTC 0.0001 BTC 1 to 30 minutes
Ethereum ETH 0.05 ETH 1 to 30 minutes
Ripple XRP 25 XRP 1 to 30 minutes
Cardano ADA 10 ADA 1 to 30 minutes
Tether ERC20 USDT (ERC20) 25 USDT 1 to 30 minutes
Tether TRC20 USDT (TRC20) 25 USDT 1 to 30 minutes
Bitwallet

USD

EUR

JPY

10 USD

10 EUR

1,000 JPY

Instant
Sticpay

USD

EUR

JPY

5 USD

5 EUR

5,000 JPY

Instant
Instant Local Bank Transfers / QR

VND

THB,

MYR

IDR

25 USD Instant
Binance Pay USDT 25 USDT Instant
Perfect Money

EUR

USD

No minimum deposit Instant
Fasapay USD No minimum deposit Instant
Apple Pay

USD

EUR

JPY

50 USD

50 EUR

5,000 JPY

Instant
Google Pay

USD

EUR

JPY

50 USD

50 EUR

5,000 JPY

Instant
Skrill

USD

EUR

5 USD

5 EUR

Instant

Withdrawal Process

  1. Log In: Visit the FXGT website and log in using your account information.
  2. Access Withdrawal Page: After logging in, click the "Withdraw" or "Withdrawal" button on the page to enter the withdrawal page.

    After logging in, click the "Withdraw" or "Withdrawal" button on the page to enter the withdrawal page.

  3. Select Withdrawal Method: FXGT supports various withdrawal methods. Choose the method that suits you.

    FXGT supports various withdrawal methods. Choose the method that suits you.

  4. Enter Withdrawal Information: Depending on the selected withdrawal method, fill in the relevant withdrawal details such as amount, recipient account information, etc.
  5. Submit Withdrawal Request: Review the entered information for accuracy, then submit your withdrawal request.
  6. Wait for Processing: After submitting the withdrawal request, wait for FXGT to process it. Processing times vary depending on the withdrawal method.

Available Withdrawal Methods:

Method Minimum Withdrawal Limit Currency Processing Time
VISA

50 EUR

50 USD

5,000 JPY

USD

EUR

JPY

2 Business Days
Mastercard

50 EUR

50 USD

5,000 JPY

USD

EUR

JPY

2 Business Days
Bitcoin 0.0001 BTC BTC Within 48 Hours
Ethereum 0.05 ETH ETH Within 48 Hours
Ripple 25 XRP XRP Within 48 Hours
Cardano 10 ADA ADA Within 48 Hours
Tether ERC20 35 USDT (ERC20) USDT (ERC20) Within 48 Hours
Tether TRC20 35 USDT (TRC20) USDT (TRC20) Within 48 Hours
Bitwallet

10 USD

10 EUR

1,000 JPY

USD

EUR

JPY

Within 48 Hours
Sticpay

10 USD

10 EUR

3,000 JPY

USD

EUR

JPY

Within 48 Hours
Instant Local Bank Transfers / QR 65 USD

VND

THB

MYR

IDR

Instant
Perfect Money

50 EUR

50 USD

EUR

USD

Instant
Fasapay 10 USD USD Instant
Google Pay

50 EUR

50 USD

5,000 JPY

EUR

USD

JPY

2 Business Days
Apple Pay

50 EUR

50 USD

5,000 JPY

EUR

USD

JPY

2 Business Days
Skrill

50 EUR

50 USD

EUR

USD

Instant

Notes:

  • Identity Verification: For security reasons, FXGT may require users to verify their identity before making their first deposit or withdrawal.
  • Minimum Amount: There may be minimum amount limits for deposits and withdrawals. Please adhere to FXGT’s regulations.
  • Fees: Some deposit and withdrawal methods may incur fees. Check the details before proceeding.
  • Processing Time: Processing times may vary depending on the method used.

FXGT Trading Platform

FXGT offers the MetaTrader 5 (MT5) and MetaTrader 4 (MT4) multi-asset trading platforms, available on desktop, web, and mobile (iOS and Android). Both platforms support manual and automated trading using Expert Advisors (EAs).

MT5

  • Speed: A fast and efficient platform with ultra-fast order execution times on 64-bit operating systems.
  • Indicators and Analysis: Access 38 built-in indicators, 22 analytical tools, and 46 graphical objects.
  • Advanced Backtesting: Enhanced strategy testing capabilities with synchronized multi-currency backtesting.
  • Market Depth: Larger market depth with up to 21 available chart timeframes.

MT4

  • Multifunctional Components: A user-friendly, efficient platform with a wide range of customizable features.
  • Automated Trading: Access pre-installed Expert Advisors (EAs) and technical indicators using the MQL4 language.
  • Hedging Support: Deploy risk management techniques and trade long and short positions on the same instrument.
  • Traditional Timeframes: 9 available chart timeframes ranging from 1 minute to 1 month.

Comparison of the Two Platforms:

Feature MT5 MT4
Markets Forex, CFDs, Stocks, Futures, Options Forex, CFDs
Number of Indicators 38 30
Order Types 6 4
Order Execution Types 4 3
Chart Timeframes 21 9
Graphical Objects 46 31
Net Asset Calculation X
Economic Calendar X
Market Depth X
Report Formats HTML & Open XML Spreadsheet Spreadsheet Only

FXGT Trading Products

FXGT offers a wide range of trading products, totaling 743 items, including forex, cryptocurrencies, synthetic cryptocurrencies, precious metals, energy, stock indices, and stocks.

  • Forex: Access the most liquid financial market globally, trading major, minor, and exotic currency pairs.
  • Cryptocurrencies: 24/7 access to the cryptocurrency market, expanding trader exposure through the GTi12 index.
  • Synthetic Cryptocurrencies: Explore how cryptocurrencies interact with traditional markets, offering both crypto and traditional benefits.
  • Precious Metals: Trade popular precious metals (silver and gold) to diversify investment portfolios.
  • Energy: Trade in large energy markets (such as oil and gas), profiting from price fluctuations and market depth volatility.
  • Stock Indices: Trade baskets of securities, exploring diversification opportunities.
  • Stocks: Trade stock price movements, investing in some of the world’s largest and most popular companies.

FAQs

How many accounts can I open?

  • You can open up to 6 live accounts with a single email address, choosing any available currency. You can also open up to 2 demo accounts per currency. Different types of accounts can be opened, and you can select a base currency for each account.

What financial instruments does FXGT offer?

  • FXGT offers 10 different asset classes: forex, cryptocurrency pairs, synthetic cryptocurrency pairs, precious metals, energy, indices, GTi12 index, stocks, DeFi tokens, and NFTs.

Will trading accounts be automatically archived at any time?

  • MT5/MT4 trading accounts will be automatically archived after 30 days of inactivity with a zero balance. After depositing in the preferred currency, you can choose to create a new MT5/MT4 account.

·Original

Disclaimer: The views in this article are from the original author and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.

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