FXGT Minimum Deposit

Trading Instruments on FXGT

FXGT offers a one-stop shop for trading a variety of global markets. With a single account, traders gain access to a diverse selection of instruments across 7 asset classes, all available as Contracts for Difference (CFDs). Here is a breakdown of the assets available to trade on FXGT.

• Forex - On FXGT, investors can trade major, minor, and exotic currency pairs to capitalize on currency exchange fluctuations. 
• Stock Indices - Traders can also speculate on the movement of different indices like the US30, the UK100, and the US500, among others.
• Cryptocurrencies - Clients of FXGT can trade a variety of popular cryptos like Bitcoin, Ethereum, and Litecoin. This allows investors to diversify portfolios easily.
• Synthetic Cryptocurrencies - This unique offering by FXGT allows investors to speculate on how crypto prices interact with traditional markets like precious metals or stock indices.
• Stocks - FXGT gives its clients access to CFDs on the stocks of some of the world's biggest companies, including Apple, Amazon, and Meta, among others.
• Energies - Further, traders gain exposure to the energy sector by trading CFDs on crude oil and natural gas.
• Precious Metals - Finally, investors can trade gold and silver CFDs to hedge against inflation or diversify their portfolio with timeless assets.

FXGT’s Trading Fees

FXGT caters to traders with varying needs by offering four distinct account types. These include the Standard, the Mini, the ECN, and the Pro accounts. The key difference lies in the spreads and commission structure. The Standard and Mini accounts offer commission-free trading with spreads starting from 1.0 pips for major currency pairs. This is a good option for beginners who prioritize simplicity and lower upfront costs.

Meanwhile, the Pro account offers even tighter spreads starting from 0.5 pips, still without commissions. This caters to more active traders who value tighter spreads for potentially better execution. Finally, the ECN account boasts the lowest spreads, starting from 0.0 pips. However, it introduces a commission structure. This commission varies depending on the asset class. For example, the commission is $6 per round turn for forex, $5 per round turn for metals, and 0.1% per round turn for cryptocurrencies. This option is ideal for experienced traders who prioritize the tightest spreads and are comfortable with commission-based fees.

Beyond spreads and commissions, FXGT charges swap fees on positions held overnight. These fees depend on the asset and position size. However, there's a bright side. FXGT offers swap-free days on specific assets for some accounts. For instance, the Pro account offers swap-free trading on forex, metals, indices, and energies for 6 days a week. Standard and Mini accounts don't have built-in swap-free days, but FXGT does offer swap-free Islamic accounts for traders with religious restrictions on overnight fees.

FXGT Trading Platforms

FXGT empowers traders with a choice between two industry-leading platforms: MetaTrader 4 and MetaTrader 5. MT4 offers an advanced trading environment with 30 built-in technical indicators, three order execution options, and nine chart timeframes. Its one-click trading functionality allows for swift execution of trades, ideal for fast-paced market environments.

MT5, on the other hand, boasts 38 technical indicators, four order execution types, and an impressive 21 chart timeframes. Additionally, MT5 expands tradable assets beyond forex and CFDs to include stocks, futures, and options. The beauty lies in their accessibility. Both MT4 and MT5 are available across a wide range of devices, including desktops, web browsers, and mobile devices. This flexibility allows traders to access their accounts and execute trades from virtually anywhere.

FXGT’s Credibility

It is very important to consider the regulatory landscape of a broker. A trustworthy broker will be licensed by reputable financial authorities. In FXGT's case, they hold licenses from the FSCA in South Africa, the FSA in Seychelles, and the VFSC in Vanuatu. While regulations alone don't guarantee flawless services, having multiple licenses demonstrates a commitment to external oversight.

Additionally, don't underestimate the power of online reviews. While not always definitive, these reviews can offer valuable insights from other traders. FXGT's 3.9-star rating on Trustpilot indicates a generally positive customer experience. This positive sentiment can be a reassuring sign, but remember, it's just one piece of the puzzle.