This is an explanation of FXGT, which started its service in 2019 and has recently increased the number of accounts.
It features highly leveraged cryptocurrency trading and is called a “Hybrid FX Broker”. It is popular with crypto traders, but the trading conditions of Forex are not bad.
- FXGT Overview
- FXGT Advantage and Disadvantage
- FXGT is Recommended for Such Traders!
- Is FXGT a Reliable Broker? Or Scam?
- FXGT Products
- Can Cryptocurrencies be Traded in FXGT?
- FXGT Account Types
- FXGT allows to make multiple accounts
- FXGT Bonus Programs
- FXGT Deposit / Withdrawal Options
- FXGT Customer Support
- Try FXGT Demo Account for Free
|Company||360 Degrees Markets Ltd.|
|Products||Forex:48, Index:8, Metal:2, Energy:3, Crypto:28, Stocks:53|
|Account Types||1 Type|
|Bonuses||1 Type (Deposit)|
|Deposit & Withdrawal|
FXGT Advantage and Disadvantage
- Can trade Cryptos with high leverage
- Stocks as well
- Many deposit and withdrawal methods, no fees
- 24 hours support
- Customer assets are completely protected in trust
- Deposit/Withdrawal by Crypto
- Narrower spreads
- 1:500 High leverage
- Negative balance protection system
- Not much information because of new
- Only MT5 is supported
- Need to pay admin fee if no trade for 90 days
FXGT is Recommended for Such Traders!
- Want to trade cryptos with high leverage
- Want to trade stocks with high leverage
- Want narrower spreads than XM
- Want a new broker that trying to improve their services
- Don’t mind not much information
- Want to start with small capital
- Need negative balance protection
- Want to use trustworthy broker
- Need support
Is FXGT a Reliable Broker? Or Scam?
We can say FXGT is a fairly reliable broker.
FXGT is a forex broker with a short history, quite new broker, so FXGT gives high priority to get the trust of traders.
It’s crystal clear, nobody choose suspicious broker to open an account.
FXGT has the following licenses.
- FSA (Seychelles)
License number is SD019.
The minimum requirements have been cleared.
FXGT Asset Conservation
Is there any measure to protect customer assets?
What happens to our assets (margin and profits deposited) if the forex broker goes bankrupt?
It should be decided that the forex broker who can guarantee customer assets as much as possible is more reliable.
It is the asset conservation system to evaluate it.
There are two main types of asset conservation systems.
- Conservation Trust
- Segregation of Funds
Conservation Trust is more reliable.
Conservation Trust means depositing all the customer assets to a third institution such as a bank. Forex brokers cannot withdraw funds without permission unless the customer instructs them to withdraw. Even if the forex broker goes bankrupt, the customer’s assets (balance at that time) are protected and guaranteed.
Segregation of Funds is to manage the operating costs of the forex broker and the assets under custody from the customer in separate accounts. Unlike Conservation Trust, the management is done by the forex broker itself, so even if the forex broker goes bankrupt, the customer’s assets are may not fully guaranteed.
How does FXGT manage customer assets?
FXGT protects customer assets by Conservation Trust scheme.
Moreover, there is no upper limit.
This is pretty reliable.
In the unlikely event that something happens, your assets are fully guaranteed.
It can be said with confidence that FXGT is a fairly reliable broker.
FXGT also has liability insurance.
FXGT has also taken out a liability insurance policy for Forex brokers with a maximum coverage of EUR 1,000,000.
This insurance policy provides coverage against liability for negligence, omissions, fraud and other risks that may result in economic loss to clients and third parties.
In addition to the aforementioned protection of client assets, this means that even in the unlikely event that FXGT is faced with a major risk or loss, it will be able to protect its clients’ assets to the maximum extent possible.
FXGT offers 142 products.
The number of FXGT products and brands is also at the average level, but the feature of FXGT is the trading of cryptocurrencies.
There are more cryptocurrency pairs than other brokers, and only FXGT can trade cryptocurrencies with 1:500 high leverage.
There are many other attractive products, so I think it’s not a bad choice to make FXGT the main broker.
- Currency pair : 48
- Index : 8
- Energy : 3
- Metal : 2
- Crypto : 28
- Stocks : 53
- Total : 142
Please refer to another article for a detailed explanation of the products handled by FXGT and the terms and conditions of the transaction.
Can Cryptocurrencies be Traded in FXGT?
Recently, trading of cryptocurrencies such as Bitcoin, Ripple, Ethereum and Other Altcoin has become popular again.
It is very popular with short-term traders due to its large price fluctuations.
Bitcoin has also risen steadily, finally surpassing $ 20,000 in late 2020. There are also long-term traders.
Again, you can trade cryptos in FXGT.
Moreover, FXGT offers the best trading condition among forex brokers that offers crypto trading.
FXGT allows you to trade 8 cryptocurrencies / 28 pairs.
FXGT has not only major crypto including the popular Bitcoin, but also very new altocoin such as ADA (Cardano) and DOD (Polkadot).
In FXGT, cryptocurrencies can also be traded with the same high leverage of 1:500 as currency pairs.
Only in FXGT you can trade cryptocurrencies with such high leverage.
Actually, there are not many forex brokers that you can trade cryptocurrencies.
The popular XM was originally able to be traded, but it has been discontinued in 2019.
In the separated article “Best Forex Broker for Crypto Trading“, I also explain not only FXGT but also another forex brokers that offer crypto trading.
And I also summarized why FXGT is the best crypto trading broker in the separated article “FXGT is the Best Broker for Bitcoin Trading“.
Please take a look!
FXGT Account Types
There is only one account type.
You don’t have to get lost.
The maximum leverage is 500 times, and of course negative balance protection system is adopted, which is standard.
Regarding FXGT account type, refer to the separate article, “FXGT Account Type” that explain you the detailed specifications and conditions.
Also, regarding opening an account, please refer to the separate article “How to open FXGT account“, which explains the procedure for opening an account using images.
＼Just 3 minutes!!／
FXGT allows to make multiple accounts
You can open multiple accounts in FXGT.
FXGT allows to open up to accounts in each currency pair.
Creating an additional account enables more risk-reduced and efficient operation.
With additional accounts, you are free to choose not only the account currency, but also leverage just as you would when you first created an account.
By changing the account currency or the conditions such as leverage, you can separate the currency pairs and products to be traded for each account, trade with different leverage, separate the discretionary trading and EA (automatic trading) trading accounts, it will be easier to manage.
Also you can easily transfer funds to additional accounts from the website.
Please also refer to the separate article “How to Open FXGT Additional Account“, such as how to open an additional account and how to operate using multiple accounts to reduce risk.
＼Just 1 minutes!!／
FXGT Bonus Programs
FXGT offers a deposit bonus.
50% deposit bonus applied when making your first deposit. Maximum is $500.
From the second time onwards, you will receive a 20% deposit bonus. You can get it as many times as you do, up to $ 70,000.
For more information, please refer to separated article, “FXGT Bonus Program Review“.
FXGT Deposit / Withdrawal Options
Credit cards, Bitwallet, STICPAY, bank transfers, and cryptocurrencies. This depends on your location. Please check it in detail on FXGT website.
Characteristically, BTC, ETH, XRP and USDT can be used for deposit and withdrawal. It’s very useful for Crypto traders.
Please refer to the separate article “FXGT Deposit Methods | Fees and Conditions” for details on how to deposit FXGT.
FXGT Customer Support
FXGT has support systems around the world.
FXGT also offers real-time communication via live chat.
|Customer Support||Supported or not|
For more information about FXGT support, please refer to the separate article “FXGT Customer Support“.
Please refer to it.
Try FXGT Demo Account for Free
In order to know the trading environment and usability in FXGT, it is effective to open a demo account and do actual trading.
FXGT makes it easy to open a demo account.
For details on how to make use of FXGT demo account and how to open it, see the separated article “How to utilize FXGT demo account“.
If you have not decided to trade with FXGT yet, why not try trading with a demo account?
＼Open for Free!／
With the slogan of “Overthrow XM”, it is a vigorous trader. FXGT is gradually increasing the number of accounts. After all, this is the only place where you can trade cryptocurrencies with high leverage, so it is worth trying if you are a cryptocurrency trader.
＼Just 3 minutes!!／