FXGT Broker
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This FXGT review covers regulation, fees, platforms and bonuses, so you can decide whether this STP/ECN broker suits your trading style. As always, read the broker's official terms before you open an account.
FXGT Review: Overview
FXGT is an STP/ECN forex broker established in 2020 and based in Seychelles. Its head office is located at Room 12, First Floor, Kingsgate House, Victoria, Mahe, Seychelles. The company is publicly traded, and it offers access to a wide range of markets, including forex currencies, commodities, indices, stocks and cryptocurrencies.
The broker is aimed at a broad range of traders, from beginners who want to practise with a free demo account to more experienced clients who need advanced platforms, hedging and scalping. The website is available in English, Chinese, Indonesian, Malay and several other languages, which makes it accessible to traders in many regions.
If you are comparing options, our latest forex industry news and the forex broker reviews on FXAllHub can help you put FXGT in context with other brokers.
Regulation and Safety
FXGT is regulated by the Seychelles Financial Services Authority (FSA) under Securities Dealer's License Number SD019. Regulation sets rules on how a broker must operate, including how it handles client money, and it gives traders a route for complaints.
The broker states that client funds are held in segregated accounts, meaning they are kept separate from the company's operating money. Segregation is an important safety feature, although it does not protect you from trading losses. Note that the Seychelles FSA is generally considered a lighter regulatory regime than some top-tier authorities, so you should weigh this when deciding how much of your capital to place with the broker.
Trading forex and CFDs on leverage carries a high risk of losing money. Only trade with funds you can afford to lose.
Account Types
FXGT provides several account options to suit different needs:
- Mini accounts with a lower entry point for traders who want to start small.
- VIP accounts for more active or higher-volume clients.
- Islamic accounts that are swap-free and designed to follow Sharia principles.
- Swap-free accounts that do not charge overnight swap fees on positions.
- Managed accounts for clients who prefer to have their trading handled by a professional.
- Free demo account for practising strategies with virtual funds before risking real money.
Base currencies available include AUD, USD, GBP, EUR, JPY and more. Choosing a base currency that matches your home currency can simplify your bookkeeping and reduce conversion costs.
Trading Platforms
FXGT supports a large selection of platforms, which gives you flexibility in how you trade:
- MetaTrader4 and MetaTrader5
- cTrader
- MT4 WebTerminal, MT4 MultiTerminal
- MT4 Android, MT4 iPhone Trader and MT4 iPad Trader
- WebTrader and Squared WebTrader
Web trading and mobile trading are both available, so you can monitor and manage positions from a desktop browser or a smartphone or tablet. Trading rules also allow hedging, scalping and news trading, which suits strategies that other brokers may restrict.
Spreads, Fees and Leverage
FXGT advertises minimum spreads from 0.0 pips*, with the asterisk indicating that these conditions apply under specific circumstances. Actual spreads vary with market conditions and the account type you choose, so check the live pricing on the broker's platform before trading.
Maximum leverage is up to 1:500*. High leverage can magnify both profits and losses, and it is one of the main reasons retail traders lose money. Leverage available to you may be lower depending on your country of residence and account type. Use leverage conservatively and always manage your position size.
Deposits and Withdrawals
The minimum deposit at FXGT is 100. Funds can be deposited and withdrawn through a range of methods, including:
- Bank wire transfer
- PayPal
- Neteller
- Visa and MasterCard
- UnionPay
- Poli, plus other options
Processing times and any fees can differ between methods and countries, so confirm the details in the broker's cashier section before you make a transfer. Using the same method for deposits and withdrawals is generally the simplest approach.
Bonuses
FXGT currently lists a $30 Forex No Deposit Bonus, which is presented as its welcome, no-deposit and other promotional offer. No-deposit bonuses let you trade with bonus funds without making an initial deposit, but they usually come with conditions such as trading volume requirements and withdrawal limits.
Bonus terms can change, so always read the full conditions before you claim any offer. You can find the latest offers through forex bonus listings on ForexAllBonus, but the terms on the broker's official site are the ones that apply to your account.
Customer Support
FXGT provides its website in several languages, which helps non-English speakers find information more easily. Check the official website for the current contact channels, support hours and response times, as these details are not covered in the information available for this review.
Pros and Cons
Pros
- Regulated by the Seychelles FSA under licence SD019
- Segregated client funds
- Low minimum deposit of 100
- Wide range of platforms, including MetaTrader4, MetaTrader5 and cTrader
- Hedging, scalping and news trading permitted
- Islamic and swap-free account options
- Free demo account and multiple account types
- Multiple deposit and withdrawal methods
Cons
- Seychelles regulation is generally considered less strict than top-tier jurisdictions
- Leverage of up to 1:500 carries high risk
- Spreads and leverage depend on conditions marked with an asterisk
- Bonus terms can be restrictive and may change
- Customer support details should be verified directly on the website
Verdict
FXGT is a flexible STP/ECN broker with a strong set of platforms, a low minimum deposit and useful account options, including Islamic and swap-free accounts. Its regulation by the Seychelles FSA and its segregated client funds are positives, although traders who prioritise top-tier regulation should weigh this carefully. With leverage up to 1:500 and conditions that vary, the broker suits experienced traders who understand the risks, as well as beginners who start with the demo account and small positions.
Before opening an account, visit the official FXGT website to confirm current conditions, and read the bonus terms in full. Trading forex and CFDs on leverage carries a high risk of losing money.
Frequently Asked Questions
Is FXGT regulated?
Yes. FXGT is regulated by the Seychelles Financial Services Authority (FSA) under Securities Dealer's License Number SD019.
What is the minimum deposit at FXGT?
The minimum deposit at FXGT is 100.
Does FXGT offer Islamic accounts?
Yes, FXGT offers Islamic swap-free accounts, along with other swap-free account options.
Which platforms can I use with FXGT?
FXGT supports MetaTrader4, MetaTrader5, cTrader, several MT4 variants, WebTrader and Squared WebTrader, with both web and mobile access.
How can I withdraw money from FXGT?
Withdrawals are available by bank wire transfer, PayPal, Neteller, Visa/MasterCard, UnionPay, Poli and other methods. Check the broker's website for the current options and any applicable fees.
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