What is FXGT?
FXGT is an online brokerage platform that offers trading services across a variety of financial instruments, including forex, cryptocurrencies, commodities, and indices.
When did it start operations?
FXGT was established in 2019.
Where is its headquarters?
The company is headquartered in St. Vincent and the Grenadines.
In which countries is it banned?
FXGT may be restricted in several countries, including the United States and some European jurisdictions, due to regulatory compliance issues.
Pros and Cons
Advantages:
- High leverage options available for traders.
- Wide range of trading instruments, including cryptocurrencies.
- User-friendly trading platform.
- Competitive spreads.
Disadvantages:
- Limited regulatory oversight, which may raise concerns for some traders.
- Withdrawal processes can be slow.
- Not suitable for all types of traders, particularly those seeking advanced trading tools.
Trading Instruments
What instruments can I trade?
You can trade various instruments, including:
- Forex pairs
- Cryptocurrencies
- Commodities
- Indices
Fees
What are the trading fees?
FXGT generally offers competitive fees, with spreads starting from around 0.1 pips. Specific fees may vary based on the asset class and trading conditions.
Scalping
Does it allow scalping?
Yes, FXGT allows scalping strategies on its trading platform.
Trading Platform
Is there a trading platform?
Yes, FXGT provides its own trading platform, which is designed for both beginner and experienced traders.
Margin Trading
Is there leveraged or margin trading?
Yes, FXGT offers leveraged trading, allowing traders to utilize margin for their trades. Leverage ratios can be significantly high, depending on the asset class.
