WikiFX Broker Assessment Series | FXBTG: Is It Trustworthy?

In this article, we will conduct a comprehensive examination of FXBTG, delving into its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service. WikiFX endeavours to provide you with the essential information required to make an informed decision about utilizing this platform.

Background:

Founded in 2008, FXBTG is an online brokerage specializing in the trading of exchange-traded CFDs. It was originally established in Hong Kong, where it focused on business development across the Asia-Pacific region, including mainland China.

In 2012, FXBTG became a legally registered company in New Zealand (Registration Number: 3896796).

By 2016, FXBTG had expanded its presence by opening independent local offices in Kuala Lumpur.

FXBTG Markets offers a wide range of tradable assets, including currency pairs, cryptocurrency CFDs, indices, commodities, precious metals, futures, and stocks.

The company also features an Introducing Broker (IB) program, allowing individuals and businesses to earn commissions by referring new clients to FXBTG.

However, it's important to note that FXBTG does not currently provide services to residents of Afghanistan, Hong Kong, Belgium, Japan, and the United States.

Types of Accounts:

FXBTG offers several account options: the STP Account, the Pro Account, and the VIP Account.

Please refer to the attached images below for more detailed information on each corresponding account.

Deposits and Withdrawals:

FXBTG offers a variety of payment options, including CLICKPAY, PayTrust88, PAY, BipiPAY, Tether (USDT), Huobi, and Binance.

The minimum withdrawal amount in RMB is equivalent to 100 USD. For amounts below 100 USD, withdrawals must be made using digital currencies.

Exchange rates are based on real-time market fluctuations.

The company asserts that withdrawals will generally be processed within 1–2 business days after the request is approved. Processing may be delayed on non-working days.

There is no handling fee for the first two withdrawals each month. From the third withdrawal onward, a USD 20 handling fee will apply to each transaction.

Trading Platforms:

FXBTG provides the MetaTrader 4 (MT4) trading platform, available on PC, mobile, and web, is widely used in the industry. MetaTrader 4 is an advanced trading platform offering a comprehensive suite of features and tools for precise trading analysis. With one-click trading, quick order execution, VPS hosting, and up to four pending order types along with trailing stops, it provides a highly customizable interface with thousands of online tools to plug in. The platform supports fully customizable and in-depth charts, in-depth trading history, and allows users to build or import Expert Advisors (EAs), enabling the automation of trading strategies.

FXBTG also provides its own in-house mobile application. The app allows users to access the official website with a single tap and log in to their CRM for account-related operations at any time.

Research and Education:

FXBTG offers an ‘FXBTG Financial Group x IZ FOREX ACADEMY’ section that provides educational resources for beginner, intermediate, and advanced traders in the form of articles. Online classes are held every Tuesday, Thursday, and Sunday from 8:00 PM to 9:00 PM for registered FXBTG traders.

Customer Service:

FXBTG provides 24/5 customer service support in Chinese and English. Clients can also reach out to the broker's support team through email at cs@fxbtg-bank.com.

Conclusion:

To summarize, here's WikiFX's final verdict:

WikiFX, a global forex broker regulatory platform, has assigned FXBTG a WikiScore of 6.36 out of 10.

Upon reviewing FXBTG's licensing credentials, WikiFX confirmed that the broker is regulated by the New Zealand's Financial Markets Authority. WikiFX has verified the authenticity of this license.