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Score
Seychelles
2-5 yearsRegulated in Cyprus
Market Making(MM)
MT4 Full License
Global Business
High potential risk
Offshore Regulated
Benchmark
Influence
Add brokers
Comparison
Quantity 29
Exposure
Score
Regulatory Index7.23
Business Index6.84
Risk Management Index0.00
Software Index9.99
License Index7.23
Single Core
1G
40G
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Company Name
GT Global Ltd
Company Abbreviation
FXGT.com
Platform registered country and region
Seychelles
Company website
Company summary
Pyramid scheme complaint
Expose
This market was scam me. They deleted my profit and just pay out a litte
fxgt does not give the profit I made. I funded $1300 and made a profit of $726. The institution asked me to write off my profit and withdraw 1300 dollars, but they do not give my profit. I request that this issue be corrected
This is a black platform that does not allow withdrawals. After the account verification process is completed, they will ask you for financial proof during your trading process. No matter what you provide, they will tell you it is not what they want, in order to refuse withdrawals.
I requested a withdrawal and 1 hour later, I received an e-mail stating that my account was closed and that I could no longer log in to the panel or my meta account. They close all communication channels without any explanation and do not even allow you to send feedback or ask the reason. This institution is a fraud, friends. I had a balance of 5000 dollars, I withdrew 4000, and I still had 1000 dollars. Yesterday, I made 2 transactions based on inflation data, I ended the transaction with a profit of 350-400 dollars, and I requested a withdrawal the next day (today). We will not pay as a result!! reason? what is the reason???
They closed my account, and deleted my balance. And even though I made no mistake, they sent me a ridiculous e-mail and defrauded my money.
I provided 1990 dollars of financing to Fxgt institution. I wanted to withdraw 1000 dollars. When I wanted to withdraw my money, they blocked my access to the panel by sending me an e-mail. They don't send my money. they scammed me
When I tried to withdraw around 800 USD from my account number 897769 with my e-mail address, they closed my account. I cannot log in to the panel. When I log in to the meta page, it says authorization failed. I funded 2000 USD. It's still on the account. I have around 2800 receivables. They defrauded me. Please help me. I am in a difficult situation.
I have been working with Fxgt for a few months now for a long period of time and most of the time I have lost my money with this company. I have withdrawn money many times but I have deposited more. Last week they considered my Gold trade as bad faith and confiscated my 4784 dollars. Before my last investment, on 08.04.2024, I lost my entire deposit while trading gold in the same way. Then I invested again and made a profit. When I wanted to withdraw money, they stamped bad faith. When I lose, I have good intentions, but when I win, can there be bad intentions? This company is malicious and when you earn a lot, they will prevent you and they will not pay you. Definitely stay away!!!
I deposited 1000 dollars to fxgt, they deleted my profit without any reason, sent my principal money and blocked my account. Unreliable scam company.
I secured funding by trusting Fxgt. I have funded before. It did not cause any problems when the account was stopped. I made a profit for the first time. They didn't send my money. My access to meta and panel has been blocked. Please help.
I sent $1300 and made a small profit from my gold transaction, then I requested to withdraw my entire balance. This fraudulent institution sent me an e-mail and stated that they deleted the profit I made. When I requested to withdraw my 1300 dollars, they sent it, but they deleted the profit I made without contacting me without any proof. I will write this constantly so that everyone can see what a fraudulent institution this institution is.
I have been working with Fxgt for a few months now for a long period of time and most of the time I have lost my money with this company. I have withdrawn money many times but I have deposited more. Last week they considered my Gold trade as bad faith and confiscated my 4784 dollars. Before my last investment, on 08.04.2024, I lost my entire deposit while trading gold in the same way. Then I invested again and made a profit. When I wanted to withdraw money, they stamped bad faith. When I lose, I have good intentions, but when I win, can there be bad intentions? This company is malicious and when you earn a lot, they will prevent you and they will not pay you. Definitely stay away!!!
I deposited 693 dollars to my account, I made a profit of 568.94 dollars, but my withdrawal request was rejected. They only allowed me to withdraw my principal, but they did not pay the profit.
They deleted 848 dollars of my profit from my account with meta number 898732, we opened an account as a reliable account, and look at what they did. Thanks to this mediation, let's write down what happened to us, so that everyone can see what kind of company you are working with.
I had been actively using FXGT.com for 2 years and my account continued to be negative (lost). Recently, I started making money in my account and they suddenly closed my account by sending an e-mail one night. There is a total of 4098usd in my account and they deleted my 4098 dollars. I can't reach them at all because they closed my account. I created a complaint form, but no one responded even though 1 month had passed. In short, if you want to lose money, fxgt.com is the right choice. They do not allow you to withdraw money if you make a profit.
I made hundreds of transactions and dozens of withdrawals at fxgt, where I opened an account on 24.01.2024. I'm not even mentioning the swap + high spread levels I paid. I was shocked by an e-mail I received on 09.04.2024 (today). Although there was no transaction error or irregular transaction opening (I reported this to them and asked them to send me the transaction ID and let me know about the transactions you see as problematic), my account was closed and my money was confiscated. The money I deposited + my profit was completely withdrawn from my account and became unwithdrawable. When I contacted them about this, they did not explain. I am adding my communication, account history, and transactions respectively.
Broker Name | FXGT |
Registered in | Seychelles |
Regulated by | FSA |
Year(s) of establishment | 2-5 years |
Regulations | CYSEC (Cyprus), FSA (Seychelles), VFSC (Vanuatu) |
Trading instruments | Forex, Cryptocurrencies, Synthetic Cryptos, Metals, Energies, Equity Indices, Stocks, DeFi Tokens, NFTs |
Minimum Initial Deposit | $5 |
Maximum Leverage | 1:1000 |
Minimum spread | 0.0 pips onwards |
Trading platform | MT5 Desktop, Web, Mobile |
Deposit and withdrawal method | VISA, MasterCard, JCB, bank wire, Instant Local Bank Transfer, BTC, ETH and other cryptocurrencies |
Customer Service | 24/7 Email, social medias |
Promotion | Yes |
Fraud Complaints Exposure | Yes |
FXGT is a Seychelles-registered forex and CFD broker that provides access to various trading instruments covering forex, cryptocurrencies, metals, energies, equity indices, stocks, DeFi tokens, and NFTs, offering multiple trading accounts, competitive spreads, and high leverage of up to 1:1000. FXGT provides access to the popular MT5 platform across desktop, web, and mobile devices and offers various educational resources to support traders. The company has a 24/7 customer support team available via email and social media channels.
Pros:
Cons:
FXGT's entity in Cyprus, is regulated by the Cyprus Securities and Exchange Commission (CYSEC) under license no. 382/20.
Its global entity, GT Global Ltd, is authorized and regulated by the Seychelles Financial Services Authority (FSA) under license no. SD019.
GT GLOBAL MARKETS LIMITED, its another entity, is regulated by the Vanuatu Financial Services Commission (VFSC) under license no. 7006601.
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FXGT offers its clients a wide selection of trading instruments. Traders can access the forex market and trade major, minor, and exotic currency pairs. The broker also offers a range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, as well as synthetic cryptos. Additionally, FXGT provides traders with the opportunity to trade metals, energies, equity indices, stocks, DeFi tokens, and NFTs. This wide range of instruments allows traders to diversify their portfolio and potentially benefit from various market movements. However, it is important to note that some of these assets, such as cryptocurrencies and DeFi tokens, carry high volatility and risks, making them unsuitable for all traders.
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FXGT offers four different account types with varying spreads, commissions and other costs. The ECN account offers the tightest spreads from 0 points, however, this account type comes with a commission charged on all FX asset classes, with up to $6 round-turn charged for FX and up to $5 round-turn for precious metals. The PRO account offers spreads from 5 points, and no commission is charged. The Mini and Standard+ accounts offer spreads from 10 points with no commission charged.
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FXGT offers traders four types of trading accounts to choose from, including the PRO, ECN, Mini, and Standard+ accounts. Each account has its unique features and benefits, such as commission-free trading on the PRO, Mini, and Standard+ accounts and the availability of high leverage up to 1:1000 on all accounts. However, some traders may find the spreads on the Mini and Standard+ accounts may be higher than other brokers. Additionally, the ECN account charges commission on certain asset classes, which may not be suitable for all traders. Nonetheless, FXGT offers negative balance protection on all accounts, which is a crucial feature to have in case of unexpected market volatility.
Regarding the platforms dimension, FXGT offers the popular and advanced MT5 trading platform, which is available on desktop, web, and mobile platforms. The desktop platform is highly customizable with various technical analysis tools and indicators, making it suitable for more experienced traders. The web platform is accessible from any browser without needing to download software, which is beneficial for traders who are always on the go. The mobile platform is available for both iOS and Android devices, allowing traders to manage their accounts and trade on the go. However, the fact that FXGT only offers the MT5 platform may not be preferred by all traders who may prefer other platforms. Additionally, some traders may find the platform too complex or overwhelming, and trading on a mobile device may be less convenient and less efficient than on a desktop platform.
FXGT offers an attractive Unlimited Loyalty Bonus program designed to reward traders for their continued engagement. This promotion provides a 25% bonus on every deposit made to eligible Mini and Standard+ accounts. Notably, once traders reach the $10,000 bonus limit, FXGT resets the counter, allowing for continuous bonus accumulation. This unique structure encourages ongoing participation and provides traders with additional capital to potentially enhance their trading activities.
In addition to the loyalty bonus, FXGT provides a VPS Sponsorship Program, catering to traders who require consistent and high-speed market access. This service offers 24/7 access to high-performance servers, enabling uninterrupted trading and near-zero latency in order execution. The VPS hosting is particularly beneficial for traders using Expert Advisors (EAs) or those who need to maintain continuous market presence.
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FXGT offers a maximum leverage of up to 1:1000, which can be an attractive feature for traders who want to maximize their potential returns with a smaller initial investment. Higher leverage allows traders to take advantage of market opportunities and execute more trades. However, it's important to note that higher leverage also carries higher risk, which means traders need to be cautious and employ effective risk management strategies. If not managed properly, higher leverage can also result in significant losses. Additionally, higher leverage may lead to higher transaction costs, and traders who prefer lower risk trading may find limited leverage options. Overall, while high leverage can be beneficial, traders need to carefully consider their risk tolerance and trading strategy before utilizing it.
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FXGT offers five payment options for both deposits and withdrawals, including major credit cards, bank wire transfers, and various cryptocurrencies. Deposits are processed instantly, and FXGT does not charge any extra fees for deposit transactions. However, the minimum deposit amount is around 50 USD, which may not be suitable for some traders. Withdrawals can be made using the same payment methods as deposits, but processing time takes up to 2 business days, which can be considered as a disadvantage. Despite these limitations, FXGT provides several popular payment options without any additional charges, making it a suitable choice for traders looking for a reliable payment system.
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FXGT provides traders with many educational resources include an economic calendar, market reports, video tutorials, trading signals, technical analysis, eBooks, and a glossary. Traders can access these resources for free, and they are designed to help traders stay informed about the latest developments in the financial markets. The educational resources also provide valuable insights into market analysis and trading signals, which can help traders make informed decisions about their trades. However, it is important to note that the educational resources may not guarantee profitability or success in trading, and some resources may be more basic and may not cater to advanced traders. Additionally, there is no access to one-on-one coaching or mentoring, which may be a disadvantage for some traders.
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FXGT offers a solid customer care dimension with multiple channels available for users to contact the support team. Customers can reach out to the support team via email at support@fxgt.com, or through social media platforms like Instagram, Facebook, and LinkedIn. The support team is available 24/7, and they are known to be responsive and helpful in resolving customer queries and issues. However, there is no phone support or live chat available, which may be a disadvantage for some users. Additionally, local language support is not available, which may be a limitation for non-English speakers.
FXGT is a reputable forex and CFD broker that offers various trading instruments, multiple account types, and a variety of trading platforms. With its competitive trading conditions, including low spreads, high leverage, and negative balance protection, FXGT attracts traders of all levels of experience. The brokerage firm also provides rich educational resources, such as market reports, trading signals, and video tutorials, to assist traders in their trading journey. While FXGT is a relatively new company in the industry, it has already gained a positive reputation among traders. With its customer-oriented approach, 24/7 support, and user-friendly trading platforms, FXGT is an excellent option for traders looking for a reliable and transparent broker.
Is FXGT legit?
Yes, FXGT operate legally under the regulation of FSA in Seychelles.
What trading platforms are available at FXGT?
FXGT offers the popular MT5 platform, which is available on desktop, web, and mobile devices.
What is the minimum deposit required to open an account with FXGT?
The minimum deposit required for all account types at FXGT is $5.
What types of accounts are available at FXGT?
FXGT offers four account types: PRO, ECN, Mini, and Standard+ accounts. Each account type has its own unique features and trading conditions.
Is FXGT a good broker for beginners?
Yes, FXGT remains a solid choice for beginners, as it is regulated, offering demo accounts and copy trading feature.
Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities. Additionally, the content of this review is subject to change, reflecting updates in the company's services and policies. The review's creation date is also relevant, as information could have become outdated. Readers should confirm the latest information with the company prior to making any investment decisions. The responsibility for utilizing the information provided herein lies exclusively with the reader.
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