Pros, Cons, and Conclusion of Review – FXGT
Pros of FXGT
- Only one philosophy as “Forex Crypto Hybrid broker”
- Extremely good condition to trade cryptocurrency among forex brokers
- High leverage to trade cryptocurrency
- Tradable even Saturday and Sunday
- Cryptocurrency can be used account currency and deposit / withdrawal method
- Deposit bonus
- 24/7 client support
Cons of FXGT
- Just established in 2019
- Accept only MT5, not accept MT4
Conclusion of FXGT
FXGT has just established in 2019, so they cannot show history-based reliability.
But their only one philosophy as “Forex Crypto Hybrid broker” is quite smart and interesting. Actually about crypto-currency related matter, FXGT has many strong points such as trading instruments, maximum leverage, account currency, deposit and withdrawal method.
We strongly recommend FXGT for traders who has keen interest to trade crypto-currency, not only forex. In addition, their deposit bonus is also very attractive.
We will watch closely growth of this broker.
Company profile and license
FXGT is operated by 360 Degrees Markets Ltd.
360 Degrees Markets Ltd is a registered company in Seychelles, with Registration Number 8421720-1 and has its registered address at Suite C, Oion Mall , Palm Street, Victoria, Mahe, Seychelles.
360 Degrees Markets Ltd is regulated by The Seychelles Financial Services Authority under the Securities Dealer’s License Number SD019.
Trading Condition
Account Type
FXGT offers single account type as follows.
| Feature | Description |
| Trading Platforms | Metatrader 5 Desktop / Web Trader / IOS / Android |
| Account Currency | USD/EUR/JPY/BTC/ETH/XRP/USTD |
| Margin Requirements/Leverage | Up to 1:500 |
| Negative Balance Protection | Yes |
| Asset Classes | Forex, Cryptocurrencies, Metals, Energies, Equity Indices, Stocks |
| Maximum deposit | No |
| Minimum deposit | USD 10 / EUR 10 / JPY 1000 / BTC 0.0001 / XRP 0.0001 / ETH 0.00105 / USTD 5 |
| Commission | No |
| Order execution | Market |
| Spread | From 0.00014 |
| Margin Call | 80% |
| Stop Out | 50% |
| Swap-free Account | Yes |
| Minimum Volume per Trade | 0.01 Lots |
| Maximum Volume per Trade | 50 Lots |
| Maximum Number of Orders | 100 |
| Maximum Number of Pending Orders | 100 |
| Limit & Stop Levels | Yes |
| Promotions | Yes |
Trading Instruments
Forex: 48 currency pairs
| AUDCAD | AUDCHF | AUDJPY | AUDNZD | AUDUSD | CADCHF | CADJPY | CHFJPY | EURAUD | EURCAD |
| EURCHF | EURDKK | EURGBP | EURHUF | EURJPY | EURNOK | EURNZD | EURPLN | EURSEK | EURTRY |
| EURUSD | GBPAUD | GBPCAD | GBPCHF | GBPJPY | GBPNZD | GBPUSD | NZDCAD | NZDCHF | NZDJPY |
| NZDUSD | USDCAD | USDCHF | USDCNH | USDCZK | USDDKK | USDHKD | USDHUF | USDJPY | USDMXN |
| USDNOK | USDPLN | USDRUB | USDSEK | USDSGD | USDTRY | USDZAR | TRYJPY |
Crypto Currency: 13 items
| BTCUSD | BTCJPY | ETHUSD | ETHJPY | XRPUSD | XRPJPY | LTCUSD |
| LTCJPY | BCHUSD | BCHJPY | XRPBTC | ETHBTC | LTCBTC |
CFD:
Precious Metals and Energies: 5items
XAUUSD, XAGUSD, NGAS, USOIL, UKOIL
Equity Indices: 8items
US30, US100, US500, JP225, GER30, UK100, FRA40, AUD200
Stock: 53 items
Trading platform
FXGT offers Metatrader 5 (MT5) platform on various devices that supports manual and automated trading with the use of Expert Advisors (EA).
FXGT provides the following:
– MT5 Desktop for Windows and Mac.
– MT5 Webtrader
– MT5 Android
– MT5 IOS
Leverage
FXGT allow maximum leverage 1:500 as follows.
Forex Margin Requirements/Leverage
| Tiers | Volume (USD) | Leverage | Margin % |
| Tier 1 | 0 – 500,000 | 1:500 | 0.20% |
| Tier 2 | 500,000 – 1,000,000 | 1:200 | 0.50% |
| Tier 3 | 1,000,000 – 2,000,000 | 1:100 | 1% |
| Tier 4 | 2,000,000 – 3,000,000 | 1:50 | 2% |
| Tier 5 | 3,000,000 | 1:20 | 5% |
Crypto Margin Requirements/Leverage
| Tiers | Volume (USD) | Leverage | Margin % |
| Tier 1 | 0 – 10,000 | 1:500 | 0.20% |
| Tier 2 | 10,000 – 50,000 | 1:200 | 0.50% |
| Tier 3 | 50,000 – 100,000 | 1:100 | 1% |
| Tier 4 | 100,000 – 200,000 | 1:50 | 2% |
| Tier 5 | 200,000 | 1:20 | 5% |
Margin call and Stop out level
Margin call revel is 80% and Stop out level on all account is 50%.
Spread and Swap
FXGT discloses spread and swap of all trading instrument on the official website.
Below is summary of spread and swap of major currency pairs.
| Instrument | Spread as low as | Average spread | Swap Buy | Swap Sell | Min/Max Lot size |
| AUDUSD | 0.00016 | 0.00018 | -4.95 | 0.15 | 0.01/50 |
| EURCHF | 0.00021 | 0.00025 | -4.31 | -6.75 | 0.01/50 |
| EURGBP | 0.00017 | 0.00019 | -6.23 | 0.29 | 0.01/50 |
| EURUSD | 0.00014 | 0.00016 | -9.03 | 0.72 | 0.01/50 |
| GBPUSD | 0.00019 | 0.00022 | -7.98 | 0.48 | 0.01/50 |
| NZDUSD | 0.00025 | 0.00027 | -3.25 | -0.65 | 0.01/50 |
| USDCAD | 0.0002 | 0.00023 | -1.68 | -6.54 | 0.01/50 |
| USDCHF | 0.0002 | 0.00022 | 4.23 | -12.01 | 0.01/50 |
| USDJPY | 0.014 | 0.016 | 1.65 | -8.78 | 0.01/50 |
Execution speed
On FXGT official website, they disclose as follows.
FXGT’s average speed of execution is 200 milliseconds from the moment customer order reaches FXGT trading server. However, customers might experience additional delays over which FXGT has no control, since customer trading terminal/platform executes orders from a place that is far away from FXGT trading server. If speed of execution is very important for customers trading strategy, FXGT advises customer to use a VPS (virtual private server) that is located in London (UK).
Deposit and withdrawal methods
FXGT allows deposit methods as follows.
| Description | Currency | Fees | Min Deposit |
| Master Card | EUR, USD, JPY | No Fees | 50 USD |
| JCB Card | EUR, USD, JPY | No Fees | 10 USD |
| Bitcoin | BTC | No Fees | 0.0001 |
| Ethereum | ETH | No Fees | 0.0011 |
| Tether | USDT (OMNI) | No Fees | 5 |
| Ripple | XRP | No Fees | 0.0001 |
| Bitwallet | EUR, USD, JPY | No Fees | 10 USD |
| STICPAY | EUR, USD, JPY | No Fees | No Minimum |
| Bank Wire | EUR, USD, JPY | Depends on Amount | 100 USD |
FXGT allows withdrawal methods as follows.
| Description | Currency | Fees | Min Withdrawal |
| Master Card | EUR, USD, JPY | No Fees | 50 USD |
| JCB Card | EUR, USD, JPY | No Fees | 10 USD |
| Bitcoin | BTC | No Fees | 0.0001 |
| Ethereum | ETH | No Fees | 0.00105 |
| Tether | USDT (OMNI) | No Fees | 5 |
| Ripple | XRP | No Fees | 0.0001 |
| Bitwallet | EUR, USD, JPY | No Fees | 10 USD |
| STICPAY | EUR, USD, JPY | No Fees | No Minimum |
| Bank Wire | EUR, USD, JPY | Depends on Amount | 100 USD |
Brokerage Model
FXGT are an STP (Straight through processing), or an NDD (No dealing desk) broker providing Market Execution. Customers’ orders are automatically routed and executed to our liquidity providers at the best available bid/ask prices.
Scalping is possible or not
FXGT allows scalping on their official website.
Bonus Promotion
FXGT offers bonus promotions as follows.
| 100% Credit | 20% Credit | |
| Timing | First Time Deposit Bonus | Any Time Deposit Bonus |
| Duration | Limited Time Offer | Limited Time Offer |
| Description | Available to Clients only for First Deposit Amount Transfer IN to MT5 | Available to Clients for Any Deposit Amount Transfer IN to MT5 |
| Maximum Bonus | USD 700 | EUR 700 | JPY 70,000 | BTC 0.08 | XRP 3,000 | ETH 3 | UST 700 | USD 4,000 | EUR 4,000 | JPY 450,000 | BTC 0.5 | XRP 17,000 | ETH 18 | UST 4,000 |
Bonuses cannot be withdrawn.
Registration Bonus credits expire after 30 days, if unused.
Bonus amounts in currencies other than USD are subject to currency fluctuations.
Profits coming from the bonus can be withdrawn when they are over 300 USD equivalent.
Security of Clients’ Funds
FXGT discloses policies to ensure security of customers fund as follows as their primary concern.
Negative Balance Protection
Through FXGT’s advanced monitoring and risk management tools FXGT monitor clients’ balance in real-time, aiming to protect it against losses higher than the initial investment, automatically correcting any negative balance.
Tier 1 Banking
FXGT is constantly working on establishing Tier 1 Bank partnerships to ensure clients’ funds are deposited in credit worth and high rating financial institutions. Such partnerships help our business operations to the highest achievable standards.
Segregation of Funds
Clients’ funds are kept off-balance sheet, being segregated from the FXGT’s own funds. Client Investments cannot be used by FXGT to cover any ongoing expenses or to pay back creditors in the unlikely event of default of FXGT, 100% available for clients always which ultimately protect FXGT clients’ interest.
Regulatory Supervision
As per our regulatory requirements, FXGT are obliged to meet strict capital ratios and to ensure that clients’ funds remain intact. In addition, FXGT must have enough capital to tackle any type of risk that may arise. FXGT reports to the regulator on a quarterly basis and a detailed audit report is submitted once a year by a reputable independent auditor.
Liability Insurance
FXGT has implemented a Liability Insurance in order to safeguard our clients for up to 1,000,000 EUR. The Insurance includes market leading coverage to secure its liabilities against customers, and other third parties against errors, omissions, negligence, fraud and other risks that may result in financial loss. Our customers do not pay any extra expense for this benefit.
Risk Management
FXGT’s experienced risk management team has designed and implemented various policies and procedures setting certain thresholds for various types of risks linked with clients’ funds in order to allocate them properly in various financial institutions that are constantly monitored. Those policies and procedures allow us to effectively identify and limit concertation risk.
Other Points
Customer Support
Customers can contact FXGT 24/7 through the following means:
1. Email support team at support@fxgt.com
2. Live Chat located in customers’ secure area (Clients’ Portal) and our Website.
3. In case existing customer, they can open a ticket through secure area (Clients’ Portal) directly connected with FXGT Support team.
