FXGT.com offers traders four different account types: three commission-free accounts and one commission-based account.
FXGT.com Account Types Features | FXGT.com Pro | FXGT.com ECN | FXGT.com Mini | FXGT.com Standard+ |
|---|---|---|---|---|
Minimum Deposit | $5 | $5 | $5 | $5 |
Minimum Forex Spreads | 0.5 pips | 0.0 pips | 1.0 pips | 1.0 pips |
Commissions | Commission-free | $6.00 per 1.0 round lot (FX), $5.0 per 1.0 round lot (commodities), 0.10% per round lot on cryptos | Commission-free | Commission-free |
Maximum Leverage | 1:1000 | 1:1000 | 1:1000 | 1:1000 |
Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots | 0.01 lots |
Account Base Currencies | USD, EUR, JPY | USD, EUR, JPY | USD, EUR, JPY | USD, EUR, JPY |
How to Open a FXGT.com Account - Step by Step
Opening any FXGT.com account type takes less than one minute, and traders will use the same online application.
Below is a step-by-step guide on how to open FXGT.com account types:
- On the FXGT.com homepage, click “Register Now.”
- FXGT.com asks for your name, e-mail address, desired password, country of residence, and mobile phone number. Fill out the details, click” Register Now,” and FXGT.com will send a confirmation e-mail.
- Regulatory AML/KYC mandates require account verification. Uploading a copy of a government-issued ID and one proof of residency document usually suffices to pass verification for most potential traders. FXGT.com may ask for additional documents on a case-by-case basis for several reasons.
Restricted countries:
- FXGT.com does not provide its services to residents of the US, Canada, or North Korea.
- FXGT.com adds it does not accept client registrations from “residents of other countries whose domestic regulations classify such investment offering as prohibited”.
FXGT.com Account Features
The FXGT.com account types provide the same features, with the key distinguishing factor being the trading fees, making them crucial in a competitive trading environment.
All FXGT.com account types offer traders the following:
- User-friendly account application
- MT4/MT5 trading platforms
- Algorithmic and copy trading
- Maximum Forex leverage of 1:1000
- Negative balance protection
- 6+ payment processors, including cryptocurrencies
- Competitive, commission-free, and commission-based trading fees in the Pro and ECN accounts
- $5 minimum deposit for all FXGT account types
- USD, EUR, and JPY as account base currencies
- Swap-free Islamic accounts
- Unrestricted, customizable demo accounts
- VPS hosting
- No restrictions on trading strategies
The primary differences among the FXGT.com account types are trading fees, contract sizes, and bonus availability.
Here is how the FXGT.com account types differ:
FXGT.com Account Types Features | FXGT.com Pro | FXGT.com ECN | FXGT.com Mini | FXGT.com Standard+ |
|---|---|---|---|---|
Minimum Spreads | 0.5 pips | 0.0 pips | 1.0 pips | 1.0 pips |
Commissions | $0.00 | $6.00 | $0.00 | $0.00 |
Total Fees per 1.0 round lot | $5.00 | $6.00 | $10.00 | $10.00 |
Contract Size | 100,000 | 100,000 | 100,000 | 100,000 |
Bonuses | No | No | Yes | Yes |
FXGT.com Account Pros
Before exploring which FXGT.com account types are best suited for individual trading requirements, traders should consider the pros and cons of the different FXGT accounts before going forward and selecting a choice to suit their requirements.
The pros of the FXGT.com account types are:
- MT4/MT5 trading platforms
- Algorithmic and copy trading support
- Competitive trading fees in the Pro and ECN FXGT account types
- 1:1000 maximum leverage with negative balance protection
- $5 minimum deposit requirement
- 6+ payment processors, including cryptocurrency deposits
- Balanced asset selection
- Well-regulated and secure
FXGT.com Account Types Bottom Line
Traders choose between three commission-free FXGT.com account types and one commission-based alternative. The minimum deposit requirement is only $5, or local currency equivalent. Traders can deposit via 6+ payment processors, including cryptocurrencies. The FXGT.com Pro account offers the lowest trading fees but does not qualify for bonuses and promotions. They are available in the more expensive Mini and Standard+ accounts. FXGT.com also offers swap-free Islamic accounts and unrestricted, customizable demo accounts.
Read more on FXGT in our up-to-date broker review.
FXGT.com does not charge internal withdrawal fees. Verified clients can request a withdrawal from the secure and user-friendly FXGT.com back office, which lists all available payment processors. FXGT.com is a legit broker with four regulatory licenses and a clean track record. The FXGT.com minimum deposit is $5 but asset dependent. FXGT.com is a broker and the custodian of client funds and portfolios. Traders must open and fund their accounts before trading available markets.FAQs
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