FXGT.com Overall rating
Rating | Weight | |
User Rating |
4.5 (11 reviews)
|
3 |
Popularity |
4.2
|
3 |
Regulation |
5.0
|
2 |
Pricing rating |
4.6
|
1 |
Features |
Not rated
|
1 |
Customer Support |
Not rated
|
1 |
Pros
- High user rating of 4.4 out of 5
- Ranked 12 out of 1103 forex brokers by experts
- Segregated client funds across all regulatory entities
- High maximum leverage for retail clients (up to 5000:1)
- MetaTrader 4 and 5 platforms available on desktop, mobile, and web
- Wide range of tradable instruments including Forex, Crypto, Stocks, and Commodities
Cons
- No ETFs, Bonds, or Futures available for trading
- Relatively new broker, founded in 2017
- No publicly available financials
- Zero user reviews from verified real trading accounts
We tested FXGT.COM using real-money live accounts. Our reviews are unique in that they do not have any bias for or against any broker and are driven purely on the underlying data we compile from live account testing, regulatory data, and opinions from customers. We list all brokers and do not charge a fee for it. We offer additional visibility for a fee, but our review content cannot be influenced. Read our About Us page to read our editorial guidelines and how we make money.
Trustworthiness & Regulation
FXGT.COM is regulated by multiple entities including Cyprus CY CySEC, South Africa ZA FSCA, Vanuatu VU VFSC, and Seychelles SC FSA. This broker ensures segregated client funds across all these regulatory bodies, providing an additional layer of security. However, the entity regulated by Cyprus CySEC is available only for institutional clients.
User reviews rate FXGT.COM highly, with an average rating of 4.4 out of 5 based on 8 reviews. Despite being relatively new to the market, having been founded in 2017, it ranks impressively high among forex brokers both by users and experts. It boasts a popularity rating of 4.2 out of 5, reflecting its strong web traffic and user engagement.
Company | Licenses & Regulations | Segregated Client Money | Deposit Compensation Scheme | Negative Balance Protection | Rebates | Max. Leverage Retail Clients |
---|---|---|---|---|---|---|
GT Investment Services Ltd* | up to €20,000 | 30 : 1 | ||||
GT IO Markets (Pty) Ltd | 5000 : 1 | |||||
GT Global Markets Ltd | 5000 : 1 | |||||
360 Degrees Markets Ltd | 5000 : 1 |
Deposit Insurance
FXGT.COM does not offer an investor compensation scheme under any of its regulatory frameworks (the CySEC's ICF offered for retail traders is not applicable for institutionall traders). This means that in the event of the broker's failure, clients are not entitled to compensation.
This can be a critical factor to consider when choosing a broker, especially for those who prioritize the security of their funds. While the absence of such a scheme does not necessarily indicate a higher risk, it does place more emphasis on the broker’s operational integrity and financial stability.
Spreads and Costs
FXGT.COM has not included their spread information in our spreads tool, a critical resource for traders evaluating brokerage services. Spreads, which represent the difference between the bid and ask prices of a currency pair, are a key determinant of trading costs and directly impact profitability.
Combined Spread/Commission Costs Per Instrument Compared to Market Leading Brokers
Swap Rates/Financing Fees
Swap rates, also known as financing fees, are the costs or earnings associated with holding a trading position overnight. Positive swap rates pay out to the trader, while negative swap rates are costs.
When comparing FXGT.COM's average swap rates to industry-leading brokers, the broker has competitive rates. The average swap rate for FXGT.COM is moderate, indicating that their costs are reasonable but not the lowest available.
Broker | Best | Average | NZDUSD Swap Short | NZDUSD Swap Long | USDJPY Swap Short | USDJPY Swap Long | XAUUSD Swap Short | XAUUSD Swap Long |
---|---|---|---|---|---|---|---|---|
FXGT.COM | -- | - | -0.18 | -0.16 | -2.80 | 0.52 | - | - |
Exness | -- | -6.78 | -0.08 | -0.07 | -2.77 | 0.00 | 0.00 | -37.79 |
IC Markets | Best | -2.27 | -0.10 | -0.14 | -2.59 | 1.25 | 20.78 | -32.84 |
HFM | -- | -7.89 | -0.14 | -0.14 | -3.65 | 0.00 | 0.00 | -43.31 |
Roboforex | -- | -5.81 | -0.23 | -0.30 | -3.56 | 1.22 | -3.00 | -29.00 |
FBS | -- | -4.38 | -0.14 | -0.06 | -2.87 | 0.63 | 6.05 | -29.90 |
Vantage Markets | -- | -2.33 | -0.22 | -0.22 | -2.65 | 1.00 | 18.90 | -30.80 |
Does FXGT.COM Offer Islamic/Swap-free Accounts?
Islamic or swap-free accounts are designed for traders who cannot receive or pay interest due to religious reasons. FXGT.COM offers swap-free accounts, but specific requirements and conditions may apply. Traders should check the broker's website for detailed information on how to qualify for and use these accounts.
Other Fees
Besides spreads and swap rates, FXGT.COM may charge other fees such as withdrawal fees and inactivity fees. It is important for traders to be aware of these potential costs as they can affect the overall trading profitability.
Comparison to other Brokers
When compared to other brokers, FXGT.COM holds its own with a high user rating, strong regulatory framework, and competitive spreads and costs. Despite being relatively new to the market, it has quickly gained popularity and trust among traders.
Its wide range of tradable instruments and robust trading platforms further enhance its appeal. However, the lack of an investor compensation scheme and absence of ETFs, Bonds, and Futures might be a drawback for some traders.
Overall, FXGT.COM is a strong contender in the forex brokerage industry.
Trading Platforms - Mobile, Desktop, Automated
FXGT.COM offers both MetaTrader 4 and MetaTrader 5 platforms, available on desktop, mobile, and web. These platforms are renowned for their comprehensive charting tools, automated trading capabilities, and ease of use.
Automated trading is supported through Expert Advisors (EAs), which can be programmed using the MQL4 and MQL5 languages. These languages are relatively easy to learn and provide powerful tools for developing custom trading strategies.
Platform | Device Compatibility | Automated Trading | Programming Language |
---|---|---|---|
MetaTrader 4 | Desktop, Mobile, Web | Yes | MQL4 |
MetaTrader 5 | Desktop, Mobile, Web | Yes | MQL5 |
What Can you Trade?
Asset Class | Number of Instruments |
---|---|
Forex CFD | 50+ |
Crypto CFD | 30+ |
Stock CFD | 50+ |
Stock Index CFD | 8 |
Commodities CFD | 5 |
ETFs CFD | 0 |
Bond CFD | 0 |
Futures CFD | 0 |
FXGT.COM offers a variety of CFDs (Contracts for Difference) across multiple asset classes. CFDs allow traders to speculate on the price movements of assets without owning the underlying assets.
This can be advantageous as it enables the use of leverage, amplifying potential gains (and losses). However, it is important to understand the risks involved, particularly with leveraged trading.
Available Leverage
FXGT.COM offers varying leverage levels depending on the regulatory entity and the type of instrument being traded. Retail clients under the South Africa ZA FSCA entity, the Vanuatu VU VFSC and Seychelles SC FSA entities are offered leverage up to 1000:1.
Institutional clients under Cyprus CY CySEC can request a different leverage ratio (30:1 is reserved for retail clients). It is crucial for traders to understand the implications of using leverage, as it can significantly magnify both profits and losses.
Prohibited Countries
FXGT.COM cannot open client accounts for residents of certain countries, inclusing the United States of America, Member States of the European Union, Canada, North Korea, Belize and to residents of other countries whose domestic regulations classify such investment offering as prohibited.
Potential clients should verify with FXGT.COM directly to determine if their country of residence is on the prohibited list.
FXGT.com Account types
Standard+ | PRO | ECN | Optimus | |
Maximum leverage | 1000:1 | 5000:1 | ||
Mobile Platform | MT4 Mobile, MT5 Mobile | |||
Trading platform | MT4, MT5 | |||
Spread Type | Variable Spread | |||
Minimum Deposit | 5 | 10 | ||
Minimum Trade Size | 0.01 | |||
Trailing Stops | ||||
Scalping Allowed | ||||
Hedging Allowed | ||||
Islamic Accounts |
Standard+ | |
Maximum leverage | 1000:1 |
Trading platform | MT4MT5 |
Mobile platform | MT4 MobileMT5 Mobile |
Spread type | Variable Spread |
Minimum deposit | 5 |
Minimum Trade Size | 0.01 |
Trailing Stops | |
Scalping Allowed | |
Hedging Allowed | |
Islamic Accounts |
PRO | |
Maximum leverage | 1000:1 |
Trading platform | MT4MT5 |
Mobile platform | MT4 MobileMT5 Mobile |
Spread type | Variable Spread |
Minimum deposit | 5 |
Minimum Trade Size | 0.01 |
Trailing Stops | |
Scalping Allowed | |
Hedging Allowed | |
Islamic Accounts |
ECN | |
Maximum leverage | 1000:1 |
Trading platform | MT4MT5 |
Mobile platform | MT4 MobileMT5 Mobile |
Spread type | Variable Spread |
Minimum deposit | 5 |
Minimum Trade Size | 0.01 |
Trailing Stops | |
Scalping Allowed | |
Hedging Allowed | |
Islamic Accounts |
Optimus | |
Maximum leverage | 5000:1 |
Trading platform | MT4MT5 |
Mobile platform | MT4 MobileMT5 Mobile |
Spread type | Variable Spread |
Minimum deposit | 10 |
Minimum Trade Size | 0.01 |
Trailing Stops | |
Scalping Allowed | |
Hedging Allowed | |
Islamic Accounts |
FXGT.com Web traffic
Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.
Websites |
fxgt.com
|
Organic monthly visits | 1,390,943 (93%) |
Organic traffic rank | 24 out of 827 (Forex Brokers) |
Paid monthly visits | 98,729 (7%) |
Total monthly visits | 1,489,672 |
Bounce rate | 49% |
Pages per visit | 3.82 |
Average visit duration | 00:01:15.4000000 |
FXGT.com Profile
Company Name | 360 Degrees Markets Ltd |
Categories | Forex Brokers, Forex Rebates |
Primary Category | Forex Brokers |
Year Founded | 2017 |
Headquarters | Seychelles |
Office Locations | Seychelles |
Account Currency | EUR, JPY, USD, BTC, ETH, XRP, ADA, USDT |
Support Languages | Arabic, English, Japanese, Malay, Spanish, Thai, Vietnamese |
Funding Methods | Bank Wire, Credit/Debit Card, SticPay, Bitwallet |
Financial Instruments | Forex, Shares, Indices, Oil/Energies, Cryptocurrencies, Metals |
Prohibited Countries | Canada, Iran, United States |
FXGT.com User reviews
Newer user ratings have greater impact than older ratings and user ratings have no impact after 5+ years old. The more reviews a company receives, the higher the maximum possible aggregate user rating. After 100 reviews a company can receive the highest rating, which is an average of their user ratings.
FXGT.com Cashback rebates
Standard+ | PRO | ECN | Optimus | |
Forex | Up to $0.90 Per Lot | $0.125 Per Lot | $0.45 Per Lot | |
Oil / Energies | Up to $0.35 Per Lot | Up to $0.35 Per Lot | $0.25 Per Lot | Up to $0.35 Per Lot |
Metals | $1.00 Per Lot | Up to $1.00 Per Lot | Up to $0.70 Per Lot | $0.70 Per Lot |
Shares / Equities | $0.30 Per Lot | |||
Indices | Up to $4.50 Per Lot | Up to $4.50 Per Lot | Up to $4.50 Per Lot | Up to $0.15 Per Lot |
Cryptocurrencies | Up to $0.20 Per Lot | Up to $0.15 Per Lot | Up to $0.20 Per Lot | Up to $0.15 Per Lot |
Payment Options |
Monthly Cash Back
|
Standard+ | |
Forex | Up to $0.90 Per Lot |
Oil / Energies | Up to $0.35 Per Lot |
Metals | $1.00 Per Lot |
Shares / Equities | $0.30 Per Lot |
Indices | Up to $4.50 Per Lot |
Cryptocurrencies | Up to $0.20 Per Lot |
Payment Options |
Monthly Cash Back
|
PRO | |
Forex | $0.125 Per Lot |
Oil / Energies | Up to $0.35 Per Lot |
Metals | Up to $1.00 Per Lot |
Shares / Equities | $0.30 Per Lot |
Indices | Up to $4.50 Per Lot |
Cryptocurrencies | Up to $0.15 Per Lot |
Payment Options |
Monthly Cash Back
|
ECN | |
Forex | $0.125 Per Lot |
Oil / Energies | $0.25 Per Lot |
Metals | Up to $0.70 Per Lot |
Shares / Equities | $0.30 Per Lot |
Indices | Up to $4.50 Per Lot |
Cryptocurrencies | Up to $0.20 Per Lot |
Payment Options |
Monthly Cash Back
|
Optimus | |
Forex | $0.45 Per Lot |
Oil / Energies | Up to $0.35 Per Lot |
Metals | $0.70 Per Lot |
Shares / Equities | $0.30 Per Lot |
Indices | Up to $0.15 Per Lot |
Cryptocurrencies | Up to $0.15 Per Lot |
Payment Options |
Monthly Cash Back
|
Notes
- opened for less than 5 minutes
- using Bonus funds
What are FXGT.com rebates?
Many traders initially believe there must be higher costs elsewhere to compensate, however they soon find there is no catch and Forex rebates truly reduce the costs of the transaction and improve their bottom line.
How do FXGT.com rebates work?
When you link a new or existing forex trading account to us the broker pays us part of their spread or commission profit for every trade you make as compensation for referring a customer to them. We then share the majority of our revenue with you, paying you a cash rebate for each trade you make as thank you for signing up with us.Unlike some of our competitors your spreads will never increase as a result of using our service! The only difference is: as our client you earn extra cash per trade, making trading through us more profitable than opening direct with the broker. Founded in 2007, we are the original and leading provider of forex rebates. We pay rebates to over 100,000 accounts and traders love our helpful 24 hour live chat, telephone and email support.
How much FXGT.com rebates can I earn?
FXGT.com Regulation / Money Protection
Company | Licenses & Regulations | Segregated Client Money | Deposit Compensation Scheme | Negative Balance Protection | Rebates | Max. Leverage Retail Clients |
---|---|---|---|---|---|---|
GT Investment Services Ltd* | up to €20,000 | 30 : 1 | ||||
GT IO Markets (Pty) Ltd | 5000 : 1 | |||||
GT Global Markets Ltd | 5000 : 1 | |||||
360 Degrees Markets Ltd | 5000 : 1 |
FXGT.com Symbols
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