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FXGT Review 2021

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Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
fxgt

FXGT is a new breed of Forex broker. FXGT is the upshot of the digital transformation of currency markets and the widespread adoption of cryptocurrencies. We offer traders the stability of a traditional Forex broker who is vested in your success; providing you with the digital tools, traditional and bespoke trading pairs for an exceptional trading experience while constantly striving to offer the best trading conditions in the market. 

FXGT Review

  • Start year: 2019
  • Country of origin: Seychelles
  • Regulation: Seychelles Financial Services – License Number SD019
  • Payment options: Master Card, JCB, Bitwallet, Sticpay, Wire Transfer
  • Minimum account size: $5
  • Minimum lot size: 0,1
  • Leverage: 1:1000
  • Spreads: from 0.0 pips
  • Customer support languages: Arabic, English, Spanish

FXGT Regulation

FXGT is a regulated broker and adheres to all regulatory standards to ensure at all times a high level of capital adequacy ratio. FXGT is operated by 360 Degrees Markets Ltd. 360 Degrees Markets Ltd is a registered company in Seychelles, with Registration Number 8421720-1 and has its registered address at Suite C, Oion Mall , Palm Street, Victoria, Mahe, Seychelles. 360 Degrees Markets Ltd is regulated by The Seychelles Financial Services Authority (FSA) under the Securities Dealer’s License Number SD019.

Segregated Accounts

Clientsโ€™ funds are kept off-balance sheet, being segregated from the Companyโ€™s own funds. Client Investments can not be used by the Company to cover any ongoing expenses or to pay back creditors in the unlikely event of default of the Company, 100% available for clients at all times which ultimately protect our clientsโ€™ interest.

FXGT is constantly working on establishing Tier 1 Bank partnerships to ensure clientsโ€™ funds are deposited in credit worth and high rating financial institutions. Such partnerships help our business operations to the highest achievable standards. 

Negative Balance Protection

Through advanced monitoring and risk management tools FXGT monitor clientsโ€™ balance in real-time, aiming to protect it against losses higher than the initial investment, automatically correcting any negative balance.

Liability Insurance

FXGT purpose is to protect investorsโ€™ funds. For this reason, FXGT has placed a Liability Insurance for a limit of Indemnity in order to safeguard our clients for up to โ‚ฌ1,000,000. The Insurance includes market leading coverage to secure its liabilities against Clients, and other third parties against errors, omissions, negligence, fraud and any risks that may result in financial loss. FXGT customers do not pay any extra expense for this spread.

FXGT Trading Accounts

FXGT offers a variety of account types, designed to match clientsโ€™ trading requirements, portfolio, strategies and asset class preferences
with competitive spreads, dynamic leverage and flexibility in deposits and withdrawals.

Cent Account

  • Contract Size – 1,000
  • Asset Classes – FX Majors, FX Minors
  • Spreads From – 19
  • Commission up to – $0
  • Dynamic Leverage – 1:1000
  • Minimum Transfer In – $5
  • Account Currency – USD, EUR
  • Trading Platforms – MT5 Desktop, Web, Mobile
  • Order Execution – Market

Mini Account

  • Contract Size – 10,000
  • Asset Classes – FX Majors, FX Minors, Exotics CFD Indices, Metals, Energies
  • Spreads From – 10
  • Commission up to – $0
  • Dynamic Leverage – 1:1000
  • Minimum Transfer In – $5
  • Account Currency – USD, EUR, JPY
  • Trading Platforms – MT5 Desktop, Web, Mobile
  • Order Execution – Market

Standard Account

  • Contract Size – 100,000
  • Asset Classes – FX Majors, FX Minors, Exotics CFD Indices, Metals, Energies CFD Stocks, GTi12 Index
  • Spreads From – 0.05
  • Commission up to – $0
  • Dynamic Leverage – 1:1000
  • Minimum Transfer In – $5
  • Account Currency – USD, EUR
  • Trading Platforms – MT5 Desktop, Web, Mobile
  • Order Execution – Market

ECN Account

  • Contract Size – 100,000
  • Asset Classes – FX Majors, FX Minors, Exotics CFD Indices, Metals, Energies CFD Stocks, GTi12 Index
  • Spreads From – 0
  • Commission up to – $10
  • Dynamic Leverage – 1:1000
  • Minimum Transfer In – $250
  • Account Currency – USD, EUR, JPY
  • Trading Platforms – MT5 Desktop, Web, Mobile
  • Order Execution – Market

Deposit and Withdrawals

Payment options: Master Card, JCB, Bitwallet, Sticpay, Wire Transfer

  • Please note that even though Credit card deposits are reflected instantly into your account, FXGT requires from all its customers to provide front and back copy of their Credit Card based on the instructions provided in their Members area. This would allow clients to enjoy full access to all of the companyโ€™s features including withdrawals.
  • Max Limit for Deposits with MasterCard is $1000 or equivalent.
  • Credit Card and Bank Wire withdrawals can be requested at any time but please note that these will be processed within banking working hours Monday-Friday 09:00-17:00 GMT.
  • Please note even though Digital wallet deposits are reflected instantly into your FXGT account, FXGT requires all its customers to provide proof of account ownership if the clientโ€™s email is different to the Digital wallet email.
  • Bitwallet/SticPay: clients who use a Bitwallet/SticPay email account different to their account email with FXGT, to deposit/withdraw will have to verify it via their Client Portal.
  • Partial withdrawals: Payment processors used for credit card transactions have different requirements and limitations to allow a withdrawal to be processed successfully. There will be times when the amount requested to withdraw can be processed in full, whereas other times only part of it will be approved. As per our Terms and Conditions 15.10.2 if this occurs you will be asked to request the remaining amount via a different route (not another credit card) for example via Bitwallet, SticPay or Bank wire.
  • Certain credit/debit card providers may charge liquidity/conversion fees that we have no control.
  • Please note that certain providers do not allow any partial or full refund if the initial deposited amount is older than 6 months. In these cases, the client can withdraw via a different method.
  • For JPY Bank Wire deposits please note: Minimum Deposit Amount is 10,000 JPY, Maximum Deposit Amount is 5,000,000 JPY
  • Bank wire minimum withdrawal amount in USD is 100 USD and in EUR is 100 EUR.

FXGT Trading Platform

MT5

MetaTrader 5 delivers a powerful trading system with the Market Depth and a system of separate accounting of orders and trades. It supports both order accounting systems: the traditional netting system and the hedging option system. Four order execution modes are available to meet various trading objectives: Instant, Request, Market and Exchange execution. The platform supports all types of trade orders, including market, pending and stop orders, as well as trailing stop.

The platform represents the all-in-one concept and offers impressive analytical tools. It allows opening up to 100 charts of currency and stock quotes at a time. The 21 timeframes available enable comprehensive detailed analysis of all minor price movements. More than 80 technical indicators and analytical tools, including graphic objects, provide detailed analysis of quote dynamics.

Contacts

Suite C, Oion Mall Palm Street
Victoria 8421720-1, Mahe, Seychelles
Mahe, Seychelles

support@fxgt.com

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