FXGT review: Regulations, Trading platforms, Broker features, and User ratings.
0.612 •
3 REVIEWS
360 Degrees Markets and GT IO Markets (Pty) Ltd
What is FXGT?
FXGT is a forex broker with the top forex trading platform of MetaTrader 5 (MT5) in PC, Mobile and Web version.
FXGT.com offers over 50 forex currency pairs, CFDs, stocks, equity indices, gold, silver, oil, cryptocurrencies (bitcoin etc.), and more for your personal investment and trading options.
Please read FXGT Reviews below and share your live trading experiences with this broker.
FXGT.com is part of 360 Degrees Markets Ltd and ISPASS Technologies Ltd group. Known members of this group include AltumFX.com, GlobalGT.com.
Broker Details
| Minimum Trade Size: | 0.01 |
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| Maximum Leverage: | 1000:1 |
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| Minimum to Open Live: | $5 |
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| Established: | 2017 |
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| Address: | Room 12, First Floor, Kingsgate House, Victoria, Mahe, Seychelles |
| Contact: | support@fxgt.com |
| Regional offices: | |
| Regulators: | FSA-S #SD019, FSCA #48896, VFSC #700601 |
| Prohibited countries: | Show all >> |
| Trading platforms: | MT5 |
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| Web Trading: | ✅ Yes |
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| Mobile Trading: | ✅ Yes |
| ECN: | ✅ Yes |
| Currencies: | (50+) |
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| Cryptocurrencies: | (20+) Bitcoin, Litecoin, Ethereum |
| CFD: | (35+) Gold, Silver, Stocks, Stock Indexes, Oil, Other Commodities |
Trading Conditions |
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| Hedge: | ✅ Yes |
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| EAs/Robots: | ✅ Yes |
| News Trading: | ✅ Yes |
| Scalping: | ✅ Yes |
| Copy Trading: | ✅ Yes |
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| Deposit Methods: | Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Binance/Binance Pay, Bitcoin, bitwallet, Ether/Ethereum, JCB, Local Bank Transfers, Other Crypto Currencies, Ripple (XRP), SticPay, Tether (USDT) |
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| Withdrawal Methods: | Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Binance/Binance Pay, Bitcoin, bitwallet, Ether/Ethereum, JCB, Local Bank Transfers, Other Crypto Currencies, Ripple (XRP), SticPay, Tether (USDT) |
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0.612 •
3 REVIEWS
Recent User Reviews of FXGT
Ellone
WP LABUAN, Malaysia,
Jul 18, 2023,
Registered user
BEWARE TRADERS!
Service use: Live
Length of use: 0-3 Months
Beware Traders!
I want to share my experience with this broker, specifically regarding trading their NBD30 USD. Initially, I was able to make a profit, but my troubles began when I attempted to withdraw my funds. The process turned into a nightmare.
To begin with, the verification process was both cumbersome and slow. I was repeatedly asked to resend my documents, causing unnecessary delays. After finally getting verified, I was then subjected to a waiting period of a few days. However, instead of receiving my funds, my account was unexpectedly blocked.
I strongly advise reading this broker's KYC and terms and conditions thoroughly. You will discover that they possess the authority to close your account based on mere suspicion alone. This raises concerns about their practices and the security of your funds. It is highly unusual for a reputable broker to refuse withdrawal of even small amounts of money. This situation has left me questioning their financial stability and integrity as a broker.
Please exercise caution and consider these factors before engaging with this broker or any other brokerage. It is crucial to choose a reliable and regulated broker that prioritises customer satisfaction and transparent operations.
I want to share my experience with this broker, specifically regarding trading their NBD30 USD. Initially, I was able to make a profit, but my troubles began when I attempted to withdraw my funds. The process turned into a nightmare.
To begin with, the verification process was both cumbersome and slow. I was repeatedly asked to resend my documents, causing unnecessary delays. After finally getting verified, I was then subjected to a waiting period of a few days. However, instead of receiving my funds, my account was unexpectedly blocked.
I strongly advise reading this broker's KYC and terms and conditions thoroughly. You will discover that they possess the authority to close your account based on mere suspicion alone. This raises concerns about their practices and the security of your funds. It is highly unusual for a reputable broker to refuse withdrawal of even small amounts of money. This situation has left me questioning their financial stability and integrity as a broker.
Please exercise caution and consider these factors before engaging with this broker or any other brokerage. It is crucial to choose a reliable and regulated broker that prioritises customer satisfaction and transparent operations.
Reply by FXGT Forex submitted Jul 21, 2023:
Hello Ellone,
Further to investigating this case, we can confirm that the reason your account was blocked was due to a violation of our Terms & Conditions. More specifically, the violation is related to the sharing of your accounts with other users. As a result of this, we proceeded with canceling your withdrawal request.
Regards,
FXGT.com Team
Further to investigating this case, we can confirm that the reason your account was blocked was due to a violation of our Terms & Conditions. More specifically, the violation is related to the sharing of your accounts with other users. As a result of this, we proceeded with canceling your withdrawal request.
Regards,
FXGT.com Team
HiroTaka
osaka, Japan (Really the offices of FXGT in Cyprus),
May 10, 2023,
Registered user
Transparency (If I had transparency, I'd admit that I posted this "client" review from inside FXGT's office)
Service use: Live
Length of use: over 1 Year
Reliable broker. Tried many brokers in the past and ended up losing money in vain.
FXGT is trustworthy, transparent and their Support team which is 24/7 is always willing to assist with anything!
FXGT is trustworthy, transparent and their Support team which is 24/7 is always willing to assist with anything!
Review moderation team note
5 Star Rating removed.
This review did not come from Japan. It came from Cyprus. The same IP address was used earlier in the day by FXGT's representative to the FPA.
Per FPA policy, the rating on this review has been set to Zero stars.
This review did not come from Japan. It came from Cyprus. The same IP address was used earlier in the day by FXGT's representative to the FPA.
Per FPA policy, the rating on this review has been set to Zero stars.
T
Trader in Japan
Japan, Japan,
Dec 12, 2021,
Registered user
Money problem
Service use: Live
Length of use: over 1 Year
I had a money problem with FXGT. I have submitted withdrawal applications for about 10000$. But the amount of money I have received for 6 months is about 7000$. I asked them for it and they always say they completed the applications. If they do it as they say, I should have received the rest of money by now. Also, I asked the credit company(JCB) I used to deposit to FXGT for it and they told me they had not confirmed my payment from FXGT. Where did the money go?
I won't recommend newcomers to open accounts with FXGT, and if you are existing customers, I will recommend you to check if the amount of money you withdrew from FXGT matches that of money you received in your bank or card account.
I won't recommend newcomers to open accounts with FXGT, and if you are existing customers, I will recommend you to check if the amount of money you withdrew from FXGT matches that of money you received in your bank or card account.
1 trader has found this review helpful