Is overseas FX FXGT dangerous? Thorough explanation of safety, reviews, reputation, advantages and disadvantages

FXGT

We will thoroughly explain the safety, reviews, reputation, advantages and disadvantages, bonuses, user transactions, and withdrawals of the overseas FX broker’s FXGT account. FXGT is a relatively new FX broker established in 2019, and has a large number of users, mainly Japanese. We will explain the advantages and disadvantages of FXGT and the bonus campaign currently being held.

Basic information, company profile, and safety of FXGT

FXGT is a relatively new FX company established in 2019. The operating company is 360 Degrees Markets Ltd. and its registered address is in the Republic of Seychelles. Originally, we also had services called Global GT and Crypto GT, but they were integrated into FXGT in 2023. Of course, we also have a financial license.

Operating company360 Degrees Markets Ltd.
Registered addressrepublic of seychelles
Room 12, First Floor, Kingsgate House, Victoria, Mahe, Seychelles
financial licenseFSA: Seychelles Financial Services Authority
Establishment2019

Obtain financial license

FXGT has obtained a license from the Seychelles Financial Services Authority, so its reliability is high. It operates under these regulations. However, FXGT has received a warning from the Japanese Financial Services Agency as a “person who engages in financial instruments trading business without registration.” However, this warning does not have the effect of any administrative punishment or business suspension order. Users can use it without any illegality as long as they are at their own risk.

Separate management available

FXGT funds are now clearly segregated in Tier 1 banks. There is no use for FXGT’s operating funds, and 100% of withdrawal requests from customers are handled, so customer funds will not be used fraudulently for operations. However, there is no trust protection.

100 million euro liability insurance

FXGT has liability insurance covering up to EUR 100 million. Financial losses due to fraud, such as omissions, negligence, or fraud by customers or third parties, can be dealt with with solid settings. Usually, there are no problems with investment and fund management is safe.

About the features and functions of FXGT’s services

I will basically explain the features and functions of FXGT’s services. We will explain not only account types but also details such as spreads, lots, leverage, stop-loss cuts, etc. Conditions are better than domestic FX companies. It’s easy to make a profit, but there are risks, so be careful. Members are required to fight efficiently and optimally.

There are 5 types of account

There are five types of FXGT accounts: mini account, Crypto max account, standard + account, professional account, and ECN account. Professional accounts and ECN accounts are for professionals with experience and knowledge. The mini account is for practice, and for beginners, the standard account is the main one. Crypto max specializes in trading virtual currencies. The transaction formats are NDD STP and ECN. Currency units vary.

MiniCrypto
max
Standard + Pro ECN
Transaction formNDD STPNDD STPNDD STPNDD STPNDD ECN
maximum leverage1,0005001,0001,0001,000
Stocks handledcurrency pair
precious metal
energy
stock index
virtual currency
GTi12 index
virtual currency
coin
GTi12 index
DeFi token
synthetic
NFT
currency pair
precious metal
energy
stock
stock index
virtual currency
coin
GTi12 index
DeFi token
synthetic
NFT
currency pair
precious metal
energy
stock
stock index
virtual currency
coin
GTi12 index
DeFi token
synthetic
NFT
currency pair
precious metal
energy
stock
stock index
virtual currency
coin
GTi12 index
DeFi token
synthetic
NFT
transaction feesfreefreefreefreeOne way ~$6
average spread1.0pips~0.5pips~1.0pips~0.5pips~0.0pips~
lot unit10,000 currency10,000 currency100,000 currency100,000 currency100,000 currency
minimum trading lot0.010.010.010.010.01
maximum trading lot20050100200200
Maximum number of positions150100100200100
scalping
automatic trading
both houses
margin call50%70%50%50%70%
loss cut20%40%20%20%40%
zero cut
trading toolsMT4
MT5
MT4
MT5
MT4
MT5
MT4
MT5
MT4
MT5
base currencyJPY
USD
EUR
BTC
ETH
XRP
ADA
USDT
JPY
USD
EUR
BTC
ETH
XRP
ADA
USDT
JPY
USD
EUR
BTC
ETH
XRP
ADA
USDT
JPY
USD
EUR
BTC
ETH
XRP
ADA
USDT
JPY
USD
EUR
BTC
ETH
XRP
ADA
USDT
Minimum deposit amount5$5$5$5$5$
bonuses, campaigns××

We carry a wide variety of brands

FXGT has a wide variety of currency pairs (forex), CFDs, precious metals (gold, metals), energy, stocks, stock indexes, and virtual currencies (Bitcoin). You can also trade very special stocks such as synthetics, DeFi tokens, NFTs, and the GTi12 index that are not available at other companies (XM, axiory, titanfx, bigboss, etc.). These financial products are only available at FXGT. It has a very unique content, so it can be said that it is attractive when choosing.

FXGT Standard +
currency pair53
precious metal2
energy3
stock50
Indice13
Crypto41
synthetic9
DeFi Token9
NFT5
GTi121

spread is a little wide

Spreads tend to be a little wide, not narrow. I compared it with XM based on the standard account. Spreads tend to be wide overall, but since all accounts have no transaction fees, the only transaction cost is the spread. Spreads are narrower for ECN accounts. In real time, investors would be better off using their discretion. However, since there are virtual currencies, you can do short-term and long-term trades with high leverage not only on weekdays but also on weekends.

FXGT
Standard +
XM
Standard
USD/JPY1.9~2.1pips1.6~1.9pips
EUR/JPY1.9~2.2pips2.2~2.5pips
GBP/JPY2.0~2.3pips4.2~4.6pips
AUD/JPY2.5~2.8pips3.1~3.2pips
EUR/USD1.4~1.7pips1.6~1.8pips
GBP/USD1.4~1.7pips1.6~1.8pips

Swap points are quite disadvantageous

FXGT is generally unfavorable for swaps, so it tends to go negative all at once. FXGT is not suitable for long-term trading aiming for swap points. The spread is wide, so depending on the entry style and method such as swing trading, it may not be suitable and disadvantageous if you start trying it as is compared to others.

FXGT
Standard +
USD/JPY2
EUR/JPY-4
GBP/JPY-1
AUD/JPY-8
EUR/USD-88
GBP/USD-88

However, some stocks are swap-free. There will be an upgrade in 2022, and some parts will be free. Virtual currencies are 100% swap-free and transaction fee-free, so the fact that there are no costs other than spreads is a major improvement. 〇 is the stock for which swap will occur. Cryptocurrency is especially an opportunity without.

MiniCryptoMaxStandard +PROECN
currency pair6 days free
precious metal3 days free3 days free6 days free3 days free
energy6 days free
stock6 days free
indice3 days free3 days free6 days free3 days free
cryptoFreeFreeFreeFree
GTi12
DeFi Token
synthetic
NFT

Maximum leverage is 1000x

The maximum leverage is high at 1000x. Virtual currency account is 500x. However, FXGT uses a leverage limit (dynamic leverage) based on the trading volume of newly held positions. Dynamic leverage has fixed conditions for each issue. The conditions for the upper limit of leverage for FX currency pairs are listed. Please note that if you have a large amount of funds or assets, your leverage will be limited. Cryptocurrency also has high leverage, so you can earn more stably and widely than on an excellent virtual currency exchange.

Max Leverage
0$〜300,000$1,000
300,000$〜1,000,000$500
1,000,000$〜2,000,000$200
2,000,000$〜3,000,000$100
3,000,000$〜5,000,000$50
5,000,000$〜20

Trading tools are MT4 and MT5

FXGT allows you to use MT4 and MT5 as trading tools and platforms. It is compatible with Windows/mac, Android/iOS, and is compatible not only with PC browsers but also with smartphones. Standard MT (MetaTrader) can be used. Settlement speed is fast and there is no slippage or rejection (re-quote).

There is a free VPS service

FXGT officially offers free VPS. If the minimum effective margin is $3,000 or more and the minimum transaction amount is 5GTLots, it can be created and used by anyone other than a CryptoMax account. It can be used as a dedicated account with automatic trading (EA) tools, etc. Depending on the situation, high-value transactions are also possible. You can choose according to your balance and specifications.

Support in multiple languages

FXGT support is open 24 hours a day, 365 days a year. FXGT is the only FX broker that is open on Saturdays and Sundays. We have full support via email and chat. It supports English, Spanish, Japanese, Thai, Malay, Vietnamese, Arabic, etc. Even if a problem occurs, we have a solid system in place. If you ask a question using the form, you will receive an immediate response from our staff.

campaign bonus

FXGT allows you to participate in luxurious bonuses and limited-time campaigns that are available outside of professional accounts and ECN accounts. These are held all the time and there are many promotions. There are account opening campaigns, cashback campaigns, and deposit campaigns. You can pick it up right away. Also, even if the total bonus payment amount is reached, it will be reset after a certain period of time, so you can receive it semi-permanently.

There is an affiliate program

Contains affiliate content. If you open an account and also open an affiliate portal, you will be able to earn money through trading and earn cash back as an affiliate as well as withdrawing money. All you have to do is paste the link from the screen and promote the content on your blog or SNS. Even first-time users can smoothly open an affiliate account.

Zero cut is adopted

There is no margin call in an environment where zero cuts are adopted in the industry, so even if the money decreases, it will not become a debt. For reference, the loss cut level is well set at 20% and 40% and is substantial. If you are making your first investment, please place an order with a small amount. Even if you incur a certain amount of loss, the terms are advantageous. However, please note that the market price fluctuates considerably. Safety is guaranteed by zero cut.

Many deposit and withdrawal methods

There are a wide variety of deposit and withdrawal methods. Each has a specified minimum deposit amount. We accept credit cards, debit cards, online wallets (bitwallet, STICPAY), virtual currencies, and bank transfers. We have summarized the payment details below. The minimum deposit amount is 5,000 yen, and you can trade with small amounts starting from 10,000 yen. No withdrawals have been refused. Payment will arrive within 1 to 5 days. Funds are managed using ewallet.

minimum amountNumber of days for reflection
credit card
debit card
5000Immediately
online wallet5000Immediately
virtual currency0.0001BTC1-30 minutes
bank transfer100001-5 business days

What do the actual reviews look like?

Now, I will explain what the actual reviews are based on the latest information from Tradersiunion, the world’s leading review site. The main users are Japanese, accounting for 60%. Other countries include Malaysia, South Africa, Indonesia, Thailand, and Vietnam. It has received good and bad reviews. There are demo accounts, corporate accounts, and minor currencies, so there is basically a wide range of things to try.

Source : TradersUnion

FXGT is an online trading platform that facilitates Forex and cryptocurrency trading. The platform stands out due to its competitive spreads, diverse account options, and an extensive array of trading instruments. Regulated by authorities like FSCA, FSA, VFSC, and CySEC, FXGT prioritizes client security through SSL encryption and segregated accounts.

A good aspect of FXGT is its accessibility, and has a low minimum deposit of $5 and a maximum leverage of 1:1000, catering to traders of varying experience levels. The provision of negative balance protection for all clients, regardless of deposit amounts, reflects the platform’s commitment to safeguarding user interests. Notably, clients’ funds are stored in segregated bank accounts, ensuring FXGT lacks direct access to them.

The user-friendly platform is available on desktop and mobile devices, featuring regular and occasional offers, including a no-deposit bonus and a loyalty program. However, it is crucial to consider certain drawbacks. FXGT exhibits slightly higher average fees compared to its counterparts, and the regulatory bodies such as FSCA, SFSA, and VFSC do not compensate for client losses caused by regulated brokers.

Furthermore, certain restrictions exist, such as variable spreads for all accounts, and stringent terms and conditions for deposit bonuses and cryptocurrency transactions. Meeting these conditions, particularly the high trading volume requirement, may pose challenges for users seeking to withdraw their earnings.

Source : TradersUnion

FXGT.com is a comprehensive online trading platform offering a range of financial instruments and services to cater to both novice and experienced traders. With its user-friendly interface and intuitive design, FXGT.com provides a seamless trading experience across various devices.

FXGT not only offers a diverse selection of trading instruments, but it is also one of a few brokers that really leans into both Forex and cryptocurrencies, opening up new possibilities for currency traders. Traders can quickly open up to eight accounts using its Trading Portal, which is also available on mobile devices.

One of the standout features of FXGT.com is its highly intuitive, user-friendly interface, allowing traders to move seamlessly through its MT4 and MT% trading platforms on a live account for a minimum deposit of just $5.

FXGT.com also impresses with its advanced trading tools and features, which include real-time market analysis, customizable charts, and technical indicators. These tools empower traders to make informed decisions and execute trades with confidence.

The platform’s commitment to security and regulatory compliance is evident through its use of advanced encryption technology and adherence to strict financial regulations. This ensures the safety of traders’ funds and personal information.

Customer support at FXGT.com is dependable and responsive, with a dedicated team available 24/5 to assist traders with any queries or concerns they may have. Trustpilot reviewers give FXGT.com a 4-star rating.

Source : TradersUnion

FXGT.com is a fairly profitable broker for me; since the beginning of the year I have already earned a little over $2,000. I withdrew as much as needed without any problems. This process is good here.

Source : TradersUnion

I have been trading with the fxgt com broker for 8 months now. During this time, it never occurred to me to look for another broker. And now, when I recently received another withdrawal of funds, I want to write a positive review about the fxgt com broker. Friends, this is an honest company that will definitely not disappoint you.

Source : TradersUnion

My trading experience is limited, but so far I find the conditions at FXGT.com to be the most suitable for me. I trade Majors pairs as they are the safest and most predictable asset type with very low spreads and fees. I quickly got used to MT5, even though I had always used MT4. MT5 provides more options for analysis, but there are some features that I do not use at all. I have already tested the withdrawal of funds. Depositing caused no problems, which is expected, but I was afraid to have problems with withdrawals since not all brokers are honest in this regard. There were no delays, and the only fee was the percentage withheld by the bank for making the payment.

Source : TradersUnion

FXGT.com offers a partnership program for retail clients, not just Introducing Brokers (IBs) and regional representatives like other brokers. I would call this a plus since ordinary traders like me can make money by inviting other people. Among other advantages are negative balance protection, absence of non-trading fees, and fast withdrawal of profits. The availability of bonus programs is also an advantage, as you can use additional capital to make a profit. Withdrawals are available only upon reaching certain volumes, but for me, this is not a problem, since I trade big.

Source : TradersUnion

You can’t contact FXGT.com by phone, and this is perhaps my most important remark about this broker. Live chat is a good solution, but it is not always ideal. There were a couple of moments when it was necessary to talk to the broker’s representative, but not communicate online. The fees, margin requirements, and non-trading fees are fine with me. I can rate the platform’s speed and overall stability as four. I’ll deduct a point for bugs on high volatility, although this is more likely not the broker’s fault. Cryptocurrencies are available for trading. Withdrawals to bank cards and electronic payment systems are also provided. FXGT.com is a modern licensed online broker, and this is all I need.

Source : TradersUnion

You can open an account for free

You can open an account with FXGT for free. Click the link below to access the official website and open an account. Two identification documents are required: an ID with a photo (My Number Card, driver’s license, password) and an address confirmation document that shows your current address (utility bill, resident card, etc.). Once the authentication is complete, you can start trading products whenever you have time. Please also check the FAQ and Terms of Use.

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