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FXGT Account Types Reviewed ☑️ (Updated 2023)

by Theinsightpost
March 14, 2023
in Africa
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FXGT Account Types Reviewed ☑️ (Updated 2023)


 

FXGT offers five different account types. A Mini Account, Standard FX Account, Standard+ Account, PRO Account and a ECN Account. All of their accounts has a minimum trade size of 0.01.

 

? Mini
Account
? Standard FX
Account
? Standard+
Account
? PRO
Account
? ECN
Account
? Contract Size 10,000 100,000 100,000 100,000 100,000
? Asset Classes FX Majors, FX Minors, Exotics
CFD Indices, Metals, Energies CFD Cryptos, GTi12 Index
FX Majors, FX Minors, Exotics
CFD Indices, Metals, Energies
CFD Stocks
FX Majors, FX Minors, Exotics
CFD Indices, Metals, Energies
CFD Stocks
CFD Cryptos, Synthetic Cryptos
GTi12 Index
DeFi Tokens
NFTs
FX Majors, FX Minors, Exotics
CFD Indices, Metals, Energies
CFD Stocks
CFD Cryptos, Synthetic Cryptos
GTi12 Index
DeFi Tokens
NFTs
FX Majors, FX Minors, Exotics
CFD Indices, Metals, Energies
CFD Stocks
CFD Cryptos, Synthetic Cryptos
GTi12 Index
DeFi Tokens
NFTs
? Spreads From 10 points 15 points 15 points 6 points 0 points
? Commission /
Transaction Fees
$0 $0 $0 $0 Up to $6 round-turn on all FX Asset Classes

0.1% round-turn on all Crypto Asset Classes

? Leverage Up to 1:1000*
based on volume
Up to 1:1000*
based on equity
Up to 1:1000*
based on volume
Up to 1:1000*
based on volume
Up to 1:1000*
based on volume
? First Transfer-in
to MT5 Trading Account
$5 $5 $5 $5 $5
⚖️ Promotions / Deposit Bonuses ✓ ✓ ✓ X X
? Minimum Trade Size 0.01 0.01 0.01 0.01 0.01
? Open a account Click Here Click Here Click Here Click Here Click Here

 

 

? Choose your quick section of our FXGT Account Types below.

 

FXGT Account types – 10 key points quick overview:

  1. ✔️FXGT Overview
  2. ✔️FXGT Account Types
  3. ✔️FXGT Account Features
  4. FXGT Demo Account
  5. FXGT Islamic Account
  6. FXGT at a glance
  7. FXGT Pros and Cons
  8. GKFX Customer Reviews
  9. Conclusion
  10. Frequently Asked Questions

 

? Here is an overview of the FXGT Account types as well as the treading features and benefits offered for each account.

 

FXGT Overview

 

FXGT is a forex broker proudly part of the digital transformation of currency markets and the adoption of cryptocurrencies. FXGT is operated by 360 Degrees Markets Ltd., which is a registered company in Seychelles, with headquarters in Victoria, Mahe, Seychelles.

 

The broker claims that it offers traders the stability of a traditional Forex broker, providing clients with the digital tools, traditional and tailored trading pairs for an exceptional trading experience while also striving to offer the best trading conditions possible in the market.

 

360 Degrees Markets Ltd is regulated by The Seychelles Financial Services Authority under the Securities Dealer’s License Number SD019, which adds insurance to the safety of clients’ funds as per the applicable laws and directives of the regulator.

 

FXGT Overview

 

Furthermore, the broker says that it holds clients’ funds separately in creditworthy and highly rated financial institutions, where it is always segregated from the company’s own funds and 100% available for clients.

 

The relevant regulatory requirements state that the broker is obliged to meet strict capital ratios and ensure that clients’ funds remain intact. In addition, the broker must always have enough capital to tackle any type of risk that may arise.

 

FXGT must report to the regulator on a quarterly basis and a detailed audit report must be submitted once a year by a reputable independent auditor. The company has strong policies and procedures in place that set certain thresholds which are constantly monitored and allow them to identify potential risks effectively.

 

In addition to the above, FXGT has also implemented Liability Insurance to safeguard their clients for up to EUR 1 000 000. FXGT clients can trade with the ease and mobility of the MT5 platform, the most advanced platform available.

 

FXGT Overview

 

FXGT Account Types

 

FXGT offers five different account types. A Mini Account, Standard FX Account, Standard+ Account, PRO Account and a ECN Account.

 

A perfect suite of account types, carefully designed and structured to match specific trader profiles. The aim of each account type is to meet all key requirements and empower traders to succeed with their trading strategies.

 

FXGT Account Types

 

FXGT Account Features

 

An FXGT account gives access to MetaTrader 5 as trading platforms, available for desktop, web and IOS or Android mobile devices. Account currencies that may be used include USD, EUR, JPY, BTC, ETH, XRP and USTD.

 

Leverage of up to 1:500 can be used, and negative balance protection is provided. Asset classes that can be traded include Forex, Cryptocurrencies, Metals, Energies, Equity Indices and Stocks.

 

Compare Accounts:

 

✴️ START UP

Mini Account:

 

? Mini
Account
? Contract Size 10,000
? Asset Classes FX Majors, FX Minors, Exotics
CFD Indices, Metals, Energies CFD Cryptos, GTi12 Index
? Spreads From 10 points
? Commission /
Transaction Fees
$0
? Leverage Up to 1:1000*
based on volume
? First Transfer-in
to MT5 Trading Account
$5
⚖️ Promotions / Deposit Bonuses ✓
? Minimum Trade Size 0.01
? Open a account Click Here

 

An excellent choice for traders who prefer to trade fractional CFD instruments. The mini account includes a wide array of instruments in Forex, Indices, Metals, Energies, Crypto and the exclusive GTi12.

 

The fractional capacity of the MINI account type appeals to different types of trader profiles, such as novice or smaller volume traders to more experienced traders who want to have the fractional alternative as a part of their general trading strategy.

 

FXGT Account Features Mini Account

 

✴️ ADVANTAGE PLUS

Standard FX Account:

 

? Standard FX
Account
? Contract Size 100,000
? Asset Classes FX Majors, FX Minors, Exotics
CFD Indices, Metals, Energies
CFD Stocks
? Spreads From 15 points
? Commission /
Transaction Fees
$0
? Leverage Up to 1:1000*
based on equity
? First Transfer-in
to MT5 Trading Account
$5
⚖️ Promotions / Deposit Bonuses ✓
? Minimum Trade Size 0.01
? Open a account Click Here

 

Focused on FX, this is a special account type dedicated to Forex including Metals, Indices, Energies and Stocks who also prefer the leverage of their trading account to be based on equity rather than volume, whilst still benefiting from a leverage of up to 1:1000.

 

FXGT Account Features Standard FX Account

 

Standard+ Account:

 

? Standard+
Account
? Contract Size 100,000
? Asset Classes FX Majors, FX Minors, Exotics
CFD Indices, Metals, Energies
CFD Stocks
CFD Cryptos, Synthetic Cryptos
GTi12 Index
DeFi Tokens
NFTs
? Spreads From 15 points
? Commission /
Transaction Fees
$0
? Leverage Up to 1:1000*
based on volume
? First Transfer-in
to MT5 Trading Account
$5
⚖️ Promotions / Deposit Bonuses ✓
? Minimum Trade Size 0.01
? Open a account Click Here

 

Gain access to all the instruments offered by FXGT. This account is suitable, for traders who look for high leverage (up to 1000) and other benefits such as bonus scheme promotions and other types of rewards such as cashback and gifts.

 

This account appeals to all types of traders who want to trade with a special advantage in hundreds of trading instruments including FX, CFDs such as Metals, Indices, Energies, Stocks, Cryptos, Synthetic pairs, Defi Tokens, NFTs and the exclusive GTi12 Index.

 

FXGT Account Features Standard+ Account

 

✴️ REACH PRO

PRO Account:

 

? PRO
Account
? Contract Size 100,000
? Asset Classes FX Majors, FX Minors, Exotics
CFD Indices, Metals, Energies
CFD Stocks
CFD Cryptos, Synthetic Cryptos
GTi12 Index
DeFi Tokens
NFTs
? Spreads From 6 points
? Commission /
Transaction Fees
$0
? Leverage Up to 1:1000*
based on volume
? First Transfer-in
to MT5 Trading Account
$5
⚖️ Promotions / Deposit Bonuses X
? Minimum Trade Size 0.01
? Open a account Click Here

 

Ideal for large volume traders who seek high-end trading conditions. With the PRO Account, traders can unfold their trading strategies utilizing low spreads & zero commission for opening or closing their positions. PRO account traders can benefit from 1:1000 leverage on hundreds of instruments from 10 asset classes.

 

FXGT Account Features PRO Account

 

ECN Account:

 

? ECN
Account
? Contract Size 100,000
? Asset Classes FX Majors, FX Minors, Exotics
CFD Indices, Metals, Energies
CFD Stocks
CFD Cryptos, Synthetic Cryptos
GTi12 Index
DeFi Tokens
NFTs
? Spreads From 0 points
? Commission /
Transaction Fees
Up to $6 round-turn on all FX Asset Classes

0.1% round-turn on all Crypto Asset Classes

? Leverage Up to 1:1000*
based on volume
? First Transfer-in
to MT5 Trading Account
$5
⚖️ Promotions / Deposit Bonuses X
? Minimum Trade Size 0.01
? Open a account Click Here

 

A fantastic option for traders who are comfortable with trading larger volumes.

 

This account is structured to reflect real market conditions with raw spreads on all 10 asset classes (FX, CFDs such as Metals, Indices, Energies, Stocks, Cryptos, Synthetic pairs, Defi Tokens, NFTs and the exclusive GTi12 Index) and extremely competitive trading commissions only up to $6 round turn ($3 in and $3 out) for FX asset classes and 0.1%  (0.05% in and 0.05% out) on all Crypto asset classes.

 

What’s more, swap charges in ECN account are lower than all the other GT account types.

 

FXGT Account Features ECN Account

 

FXGT Demo Account

 

? FXGT offers traders the option to open a demo or practice account which can be utilised in several ways, including the following:

➡️ A practice account for beginner traders who wish to hone their trading skills and gain experience in a risk-free environment using virtual funds.

➡️ Traders who want to evaluate and compare brokers and would like to explore FXGT’s trading conditions in a risk-free environment.

➡️ Traders who want to test their trading strategies in an imitated live trading environment without risking their own capital.

 

FXGT Demo Account

 

FXGT Islamic Account

 

FXGT does offer traders who follow Sharia law the option of an Islamic Account. Often an Islamic account is provided as an option where traders can convert their live trading account to an Islamic Account, or in other cases it is a standalone account with a separate application procedure.

 

In the case of FXGT Swap-free Accounts are provided upon clients’ request after funding their accounts and should only be requested on the grounds of religious belief.

 

The company reserves the right to reject any application and traders should keep in mind that exotic and cryptocurrency pairs are excluded from swap-free accounts and clients would be credited or debited the normal overnight swap.

 

The purpose of an Islamic Account is that it caters explicitly for Muslim traders who follow the strict rules of Sharia law. These rules prevent followers from paying any type of interest, such as overnight fees, which is seen as exploitive or wasteful.

 

FXGT Islamic Account

 

Overnight fees are charged when traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should traders hold positions open for longer.

 

Brokers offer an Islamic Account only to Muslim traders who follow Sharia law. Traders must, however, take note that there are certain features indicated on the Islamic account which may differ vastly from the other individual account types, such as minimum deposits, spreads, and more.

 

Traders who are interested in registering for an Islamic account must contact the broker’s customer support team to verify the availability and current conditions of such an account as conditions may have changed from the time of writing.

 

FXGT Islamic Account

 

FXGT at a glance

? Broker’s Name FXGT
? Headquartered Mahe, Seychelles
? Year Founded 2019
⚖️ Regulating Authorities FSA-Seychelles, South Africa’s Financial Sector Conduct Authority (FSCA)
? Countries not accepted for trade USA, Canada, Iran, North Korea, and Russia
☪️ Islamic account (swap-free) Yes
? Demo Account Yes
? Institutional Accounts Yes
? Managed Accounts Yes
? Sign up bonus Yes
? Maximum Leverage 1: 500
? Minimum Deposit $10/R180
? Deposit Options Visa, MasterCard, BankWire, eWallets like Skrill and Neteller
? Withdrawal Options Visa, MasterCard, BankWire, eWallets like Skrill and Neteller
? Platform Types MT5
? OS Compatibility Mac, Windows, Web, Mobile Android, iPhone, iPad
? Tradable assets offered Forex, Crypto, Precious Metals and Energies, Equity Indices, Stocks, Cryptocurrencies
?‍? Languages supported on Website English
? Customer Support Languages English
? Customer Service Hours 24/7
? Open a account Click Here

 

 

FXGT Pros and Cons

✔️ Pros ❌ Cons
Demo accounts can be opened Limited live account options
High leverage can be used No proper research tools
Islamic (swap free) accounts available Offshore broker and regulation
Low deposit requirements
MT5 provided as trading platform

 

FXGT Customer Reviews

 

This is my first time to crypto…

This is my first time to crypto trading. Already benefitted from that platform. Recommend for beginners.

Customer reviews Five stars

Simple

Simple. Extensive. Transparent and User Friendly. That’s what my review is 5 stars

Customer reviews Five stars

I loved the website since I began…

I loved the website since I began trading. From educational material to the starting guide everything was great. I faced a problem during the payout. Had to wait days till I get it.

Customer reviews Five stars

FXGT Contact us

Conclusion

 

FXGT offers five different account types. A Mini Account, Standard FX Account, Standard+ Account, PRO Account and a ECN Account.  All of their accounts has a minimum trade size of 0.01.

 

FXGT is a forex broker proudly part of the digital transformation of currency markets and the adoption of cryptocurrencies. FXGT is operated by 360 Degrees Markets Ltd., which is a registered company in Seychelles, with headquarters in Victoria, Mahe, Seychelles.

 

You might also like: FXGT Review

You might also like: FXGT Demo Account – Step by Step

You might also like: FXGT Fees and Spreads

You might also like: FXGT Islamic Account Overview

You might also like: FXGT Minimum Deposit

You might also like: FXGT Sign up Bonus

 

 

Frequently Asked Questions

 

 

Does FXGT offer managed accounts?

 

Yes, FXGT does offer managed accounts.

 

Which instruments can be traded with a FXGT account?

 

Instruments that can be traded with a FXGT account include: Forex and Cryptocurrencies, Equity Indices and Stocks and Metals and Energies.

 

Which FXGT account types are suitable for beginner traders?

 

The Cent account and Mini account are regarded as best suitable for beginner traders.

 

Which FXGT account types are suitable for expert traders?

 

The Pro account and ECN account are regarded as best suitable for expert traders.

 

What is the OS Compatibility of FXGT?

 

The OS compatibility of FXGT include Windows, Mac, Web, iPhone, iPad and Mobile Android.

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.





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