FXGT

Rating: 3.5 / 5

FXGT.com is carving out a market position as a hybrid Forex and cryptocurrency broker. 1. It provides traders with access to the MT4 and MT5 trading platforms on a live account for a minimum deposit of only $5. I reviewed FXGT.com to determine if it delivers on its statement of paving the way for a new generation of traders, innovative instruments, and trading models.

FXGT Website Screenshot

Broker Details

Headquarters
South Africa
Established
2019
Min Deposit
$5
Execution
ECN/STP, Market Maker
Regulators
CySEC, FSA, FSCA

Trading Conditions

Retail Loss Rate
Undisclosed
Min Raw Spreads
0.0 pips
Min Standard Spreads
0.5 pips
Min Forex Commission
$6.00 per 1.0 round lot
Trading Hours
CommoditiesMonday 00:05 - Saturday 22:55
Crude OilMonday 00:05 - Saturday 22:55
GoldMonday 00:05 - Saturday 22:55
MetalsMonday 00:05 - Saturday 22:55
Equity IndicesMonday 00:05 - Saturday 22:55
StocksMonday 15:30 - Friday 22:00
SyntheticsMonday 00:00 - Sunday 24:00

Accounts & Funding

Funding Methods
12
Deposit Options
Credit CardsDebit CardsNetellerSkrillOther
Deposit Fees
No
Withdrawal Options
Credit CardsDebit CardsNetellerSkrillOther
Withdrawal Fee
No

Trading Costs & Spreads

EUR/USD
0.1 pips ($1.00)
GBP/USD
0.1 pips ($1.00)
Gold
$0.15
Bitcoin
$91.41
WTI Crude
$0.03

Platform & Features

Trading Platforms
MetaTrader 4, MetaTrader 5

Pros

  • Deposit bonuses and financial transactions in cryptocurrencies
  • Tier1 liquidity aggregation and low latency trade execution
  • Good cryptocurrency selection, including synthetic cryptocurrency pairs
  • Low minimum deposit and high leverage with negative balance protection

Cons

  • Clients resident in USA, EU, and UK not accepted.

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