FXGT review: Regulations, Trading platforms, Broker features, and User ratings.
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.
|Minimum Trade Size:||0.01|
|Minimum to Open Live:||$5|
|Address:||Room 12, First Floor, Kingsgate House, Victoria, Mahe, Seychelles|
|Regulators:||FSA-S #SD019, FSCA #48896, VFSC #700601|
|Prohibited countries:||Show all >>|
|Web Trading:||✅ Yes|
|Mobile Trading:||✅ Yes|
|Cryptocurrencies:||(20+) Bitcoin, Litecoin, Ethereum|
|CFD:||(35+) Gold, Silver, Stocks, Stock Indexes, Oil, Other Commodities|
|News Trading:||✅ Yes|
|Copy Trading:||✅ Yes|
|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)|
|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)|
Recent User Reviews of FXGT
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.
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.
Transparency (If I had transparency, I'd admit that I posted this "client" review from inside FXGT's office)
FXGT is trustworthy, transparent and their Support team which is 24/7 is always willing to assist with anything!
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.
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.