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FXGT Review
FXGT.com is a hybrid broker offering emerging markets like DeFi. The broker has leverage ratios of up to 1:1000 and 24/7 customer support in multiple languages. There are zero surprises and only transparent fees with FXGT.com.
- Louis Schoeman
Updated : April 22, 2024
Jump to:
Overview
Regulation and Safety of Funds
Awards and Recognition
Account Types and Features
Account Registration
Broker Comparison
Trading Platforms
Range of Markets
Fees
Deposit and Withdrawals
Education and Research
Bonuses and Promotions
Affiliate Programs
Customer Support
Social Responsibility
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.4/5
Min Deposit
79,300 IDR / 5 USD
Regulators
FSCA, CySEC, VFSA, FSA
Trading Desk
MetaTrader 4, MetaTrader 5
Crypto
Total Pairs
41
Islamic Account
Trading Fees
Account Activation
Overview
Launched in 2020, FXGT.com has ambitious goals to revolutionize the trading industry. It has since attained worldwide recognition in the forex trading industry.
Because of its extensive selection of trading options and user-friendly features, FXGT.com may be an appealing option for traders in Indonesia.
We found a few awards listed on the website, such as ‘Best Broker 2023’ from AtoZ Markets and ‘Best Hybrid Broker’ at the Ultimate Fintech Awards in 2022, demonstrating the platform’s commitment to providing the highest calibre trading services.
As a broker, FXGT.com takes great delight in providing traders with options, accessibility, and reliability – all attributes that Indonesian traders seek.
They provide a variety of account categories to accommodate traders of all skill levels and trading preferences, from beginners to professionals.
We believe the ECN and PRO accounts could appeal to Indonesian traders due to their competitive terms and conditions, such as low fees and up to 1:1000 leverage on synthetic cryptocurrency pairs. These features have the potential to enhance trading opportunities.
Additionally, FXGT.com provides traders access to the renowned MetaTrader 4 and MetaTrader 5 platforms, which are loaded with practical trading tools and are regarded as highly dependable, in our experience with these platforms.
An evaluation of the broker’s security measures shows that FXGT.com is subject to regulation by multiple entities, including the Financial Services Authority of Seychelles (FSA) and the Financial Sector Conduct Authority (FSCA).
Overall, our initial thoughts on FXGT.com are that it is an award-winning, high-tech broker providing Indonesian traders with an excellent platform that includes many trading options, sophisticated tools, and a secure environment.
What can I trade with FXGT.com?
FXGT.com provides a comprehensive selection of trading instruments, including forex, synthetic cryptocurrencies, precious metals, energy, indices, stocks, DeFi Tokens, and NFTs.
Can I get a demo account from FXGT.com?
Yes, FXGT.com offers a demo account enabling Indonesian traders to practice trading techniques without financial risk.
At a Glance
| 🗓 Established Year | 2020 |
| ⚖️ Regulation and Licenses | FSCA, CySEC, VFSA, FSA |
| 🪪 Ease of Use Rating | 4/5 |
| 🚀 Bonuses | Yes, $30 No-Deposit Bonus, Loyalty Bonus, VPS Sponsorship Program |
| ⏰ Support Hours | 24/7 |
| 📊 Trading Platforms | MetaTrader 4, MetaTrader 5 |
| 💻 Account Types | Mini, Standard+, Pro, ECN |
| 💰 Base Currencies | BTC, ETH, USDT, ADA, XRP, EUR, USD, ZAR |
| 📈 Spreads | From 0.0 pips |
| 📉 Leverage | 1:1000 |
| 💸 Currency Pairs | 41; major, minor, exotic pairs |
| 💳 Minimum Deposit | 79,300 IDR / 5 USD |
| 🛑 Inactivity Fee | Yes |
| 📞 Website Languages | English, Arabic, Japanese, Thai, Vietnamese, Malay, Turkish |
| ✔️ Fees and Commissions | Spreads from 0.0 pips, commissions from $6 on Forex, $5 on metals, and 0.1% on crypto |
| ✅ Affiliate Program | Yes |
| 🚫 Banned Countries | United States, Russia, Canada, Iran, and North Korea |
| 👨💻 Scalping | Yes |
| 👥 Hedging | Yes |
| 🏦 Trading Instruments | Forex, cryptocurrencies, synthetic cryptocurrencies, precious metals, energies, indices, stocks, DeFi Tokens, NFTs |
| 🎉 Open an account | Open Account |
Regulation and Safety of Funds
Following our scrutinization of FXGT.com’s security infrastructure, we have found that although the broker is not regulated within Indonesia, it has made substantial efforts to adhere to global security standards to safeguard Indonesian traders.
We must highlight that FXGT.com takes the necessary steps to protect client funds by keeping trader capital separate from the company’s operational finances. This measure is crucial for ensuring client protection.
The brokerage operates under licenses from recognized regulatory bodies such as the Financial Services Authority of Seychelles and the Financial Sector Conduct Authority.
Furthermore, FXGT.com ensures the utmost security of its client’s personal and financial information through advanced encryption technologies. FXGT.com also includes a Privacy Policy in its comprehensive legal documents suite.
In addition, FXGT.com has incorporated negative balance protection, an essential feature that safeguards traders from exceeding their deposited amount, effectively reducing the risk of incurring debt from trading losses. This demonstrates a proactive approach to managing client risk.
Regulation in Indonesia
FXGT.com is not currently regulated by the Commodity Futures Trading Regulatory Agency (BAPPEBTI). However, FXGT.com’s global regulations are listed in the table below.
Global Regulations
⚖️ Registered Entity 🏦 Country of Registration 🪪 Company Reg. ✅ Regulatory Entity 🛍 Tier 🤝 License Number/Ref
360 Degrees Markets Ltd Seychelles 8421720-1 FSA 3 SD019
GT IO Markets (Pty) Ltd South Africa 2015/059344/07 FSCA 2 FSP 48896
GT Global Markets Ltd Vanuatu – VFSC 3 700601
TEC International (Cyprus) Ltd Cyprus HE 389575 CySEC 2 382/20
Protection of Client Funds
🚫 Security Measure 🪪 Information
Segregated Accounts Yes
Compensation Fund Member Liability Insurance
Compensation Amount 1,000,000 EUR
SSL Certificate Yes
2FA (Where Applicable) Yes
Privacy Policy in Place Yes
Risk Warning Provided Yes
Negative Balance Protection Yes
Guaranteed Stop-Loss Orders No
Is FXGT.com compliant with Indonesian financial regulations?
FXGT.com is not regulated in Indonesia but follows global financial standards that apply to Indonesian markets, ensuring traders’ compliance and safety.
What cybersecurity precautions does FXGT.com use for its Indonesian clients?
FXGT.com protects the data of its Indonesian clients using modern cybersecurity methods like SSL encryption and secure servers.
Awards and Recognition
During our research of FXGT.com, we discovered numerous noteworthy awards and recognitions, including the following:
➡️Brokers View honoured FXGT.com with the “Best Global Trading Conditions” title in 2024.
➡️FXGT.com was distinguished as the “Best Broker” by AtoZ Markets in 2023.
➡️The Ultimate Fintech Awards recognized FXGT.com as the “Best Hybrid Broker” in 2022.
FXGT.com Account Types
Our analysis of FXGT.com led us to the accounts page, where we could view and review the features and trading conditions that FXGT.com is known for. We provide an “at a glance” of these accounts and discuss each for Indonesian traders in the sections after the table.
Mini Standard+ Pro ECN
✔️ Availability All; ideal for beginners All; ideal for casual traders All; ideal for experienced traders All; ideal for scalpers, day, and algorithmic traders
💵 Markets Forex
Equity Indices
Precious Metals
Energies
Stocks
Cryptocurrency
GTi12 IndexForex
Equity Indices
Precious Metals
Energies
Stocks
Cryptocurrency
GTi12 Index
Synthetic CryptocurrenciesForex
Equity Indices
Precious Metals
Energies
Stocks
Cryptocurrency
GTi12 Index
Synthetic Cryptocurrencies
DeFi Tokens
NFTsForex
Equity Indices
Precious Metals
Energies
Stocks
Cryptocurrency
GTi12 Index
Synthetic Cryptocurrencies
💰 Commissions None; only the spread is charged None; only the spread is charged None; only the spread is charged From 0.1% – $6
💻 Platforms All All All All
🔨 Trade Size 0.01 – 500 lots 0.01 – 200 lots 0.01 – 200 lots 0.01 – 200 lots
📊 Leverage 1:1000 1:1000 1:1000 1:1000
💸 Minimum Deposit 79,300 IDR / 5 USD 79,300 IDR / 5 USD 79,300 IDR / 5 USD 79,300 IDR / 5 USD
👉 Open an account Open Account Open Account Open Account Open Account
Mini Account
While testing this account type, we found that FXGT.com’s Mini Account is designed specifically for the growing number of Indonesian traders ready to test the financial markets, albeit with low risk and small capital amounts.
Commission costs are eliminated from this account, making it more affordable to enter the market. Furthermore, the availability of various markets, including currency, precious metals, energy, and more, is advantageous to Indonesian traders in building a diversified portfolio.
We see this as a great way for beginners to bridge the gap because it gives them a practical and regulated way to understand how the financial world works.
Standard+ Account
FXGT.com’s Standard+ Account is an attractive option for the occasional Indonesian trader. It caters to individuals seeking to expand their investing possibilities across various trading choices, including synthetic cryptocurrencies, and offers leverage up to 1:1000 with no commission costs.
Furthermore, we must mention that this account offers attractive incentive programs, which can enhance the trading experience. Overall, this account can open up new channels for income production by combining accessibility with opportunity.
ECN Account
The FXGT.com ECN Account provides superior trading capabilities for more experienced Indonesian traders. It connects traders straight to liquidity sources and was intended for day traders and scalpers.
Spreads on this account start at a razor-thin 0.0 pips, while commission costs range from 0.1% to $6. We found this account is the epitome of elegance and harnesses the raw spreads that represent the market’s pulsing pulse and are optimized for massive transactions.
Therefore, for Indonesians who want to take advantage of every market movement for their benefit, the ECN Account is an ideal option that gives them a competitive advantage.
Demo Account
After signing up for this trial account, we found that the FXGT.com Demo Account offers Indonesian traders a risk-free environment to improve their strategies.
There is a simulated live trading environment where traders of all experience levels can practice, explore, and build confidence using the virtual money included in this valuable tool.
This exemplifies FXGT.com’s commitment to trader knowledge and experience and its grasp of the significance of providing a comprehensive, risk-free learning environment before Indonesians deposit funds into a live trading account.
Islamic Account
As we continued exploring FXGT.com’s offer, we found that FXGT.com offers an Islamic Account, which allows traders in Indonesia to trade financial markets according to Sharia law rules.
To accommodate the religious and cultural requirements of Islamic banking, this interest-free account does not allow for swaps. This means Indonesian traders can engage in forex and other asset classes while maintaining their religious and ethical beliefs.
Pro Account
For the more seasoned Indonesian trader, FXGT.com offers the Pro Account. It opens up a wider world of trade, where you get your hands on DeFi Tokens, NFTs, and several other markets.
Skilled traders can use their extensive market expertise on this account option because there are no commission fees, and the initial deposit is minimal, especially compared to Pro Accounts offered by FXGT.com rivals.
Those with a comprehensive grasp of the complexities of the market are the ideal candidates for this account’s advantageous account, which includes narrow average spreads on major instruments like EUR/USD.
Therefore, we recommend this account type to Indonesian traders looking for a full-featured, cutting-edge trading platform.
Are there any special trading platforms linked with each account category on FXGT.com?
No, all account types on FXGT.com have access to the same trading platforms, including MetaTrader 4 and MetaTrader 5, giving consistency and flexibility for Indonesian traders.
Will FXGT.com let me upgrade my account?
Yes, you can easily upgrade your account type if your experience level improves, your circumstances or preferences change, or you adopt new trading strategies.
How To Open a FXGT.com Account
While registering for a live trading account, we found that the process with FXGT.com is extremely easy and quick. Here’s how we register an account to start trading with FXGT.com:
Step 1 – Click on the Register option.
Go to the FXGT.com website and click the ‘Sign Up’ or ‘Register’ buttons.
Step 2 – Fill out the form.
Complete the registration form with accurate personal information, such as your full name, contact information, and email address.
Step 3 – Choose a currency option.
Choose your desired base currency for the account from the options available, which include major fiat currencies and many cryptocurrencies. Read the terms and conditions carefully, accept them, and complete the registration form.
FXGT.com vs. XTB vs. Vantage Markets – Broker Comparison
| FXGT.com | XTB | Vantage Markets | |
| ⚖️ Regulation | FSCA, CySEC, VFSA, FSA | FCA, ACPR, BaFin, DFSA, KNP, FSCA, CySEC, IFSC | CIMA, VFSC, FSCA, ASIC |
| 📱Trading Platform | MetaTrader 4 MetaTrader 5 | xStation 5 xStation Mobile | MetaTrader 4 MetaTrader 5 ProTrader Vantage App Vantage Social trading ZuluTrade Myfxbook AutoTrade DupliTrade |
| 💰 Withdrawal Fee | No | Yes, <$50 withdrawals | Yes |
| 📊 Demo Account | Yes | Yes | Yes |
| 📈 Min Deposit | 81,000 IDR ($5) | 0 IDR ($0) | 811,000 IDR ($50) |
| 📈 Leverage | 1:1000 | 1:500 | 1:500 |
| 📊 Spread | From 0.0 pips | From 0.5 pips | From 0.0 pips |
| 💰 Commissions | $6 on Forex $5 on Precious Metals 0.1% on Crypto Assets | None on most instruments | From $3 |
| ✴️ Margin Call/Stop-Out | 50% – 70% (M) 20% – 40% (SO) | 100%/50% | 80%/50% |
| ✴️ Order Execution | Market | Market | Market |
| 💳 No-Deposit Bonus | Yes | No | No |
| 📊 Cent Accounts | Yes, Mini | No | No |
| 📈 Account Types | Mini Account Standard+ Account Pro Account ECN Account | Standard Account Swap-Free Account | Standard STP Raw ECN PRO ECN |
| ⚖️ BAPPEBTI Regulation | No | No | No |
| 💳 IDR Deposits | No | No | No |
| 📊 IDR Account | No | No | No |
| 👥 Customer Service Hours | 24/7 | 24/5 | 24/5 |
| 📊 Retail Investor Accounts | 4 | 2 | 3 |
| ☪️ Islamic Account | Yes | Yes | Yes |
| 📉 Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| 📈 Maximum Trade Size | 200 lots | Not indicated | Unlimited |
| 💸 Minimum Withdrawal Time | Instant | 1 Working Day | Instant |
| 💰Maximum Estimated Withdrawal Time | 1 – 5 Business Days | 7 Working Days | 3 – 5 working days |
| 📞 Instant Deposits and Instant Withdrawals? | Yes, Both | No | Yes |
| 🎉 Open an account | Open Account | Open Account | Open Account |
FXGT.com Trading Platforms and Software
FXGT.com has not yet developed a proprietary program, according to our findings. However, the broker supports MetaTrader 4 and 5, which integrate seamlessly with trading conditions, instruments, and account types.
MetaTrader 4
MT4 remains a popular choice among traders worldwide and integrates seamlessly with the diverse options provided by FXGT.com. We discovered that despite its advanced nature, MT4’s user interface is surprisingly intuitive.
FXGT.com makes excellent use of MT4’s customizable features to cater to its different account types. The platform delivers a personalized experience tailored to each account type – Mini, Standard+, or Pro, each offering unique features like variable spreads and leverage.
This setup is particularly beneficial for traders interested in Forex and CFD trading, offering a reliable and adaptable platform for executing trades efficiently.
Moreover, the platform’s robust reliability and minimal downtime complement FXGT.com’s continuous cryptocurrency trading service, ensuring uninterrupted access and oversight of trades.
MetaTrader 5
MT5 is an advanced platform that pairs perfectly with FXGT.com’s ECN account. Its main focus is on speed and providing in-depth market analysis.
While exploring this platform, we were pleased to find that MT5 comes equipped with a wide array of analysis tools and advanced trading functions that complement FXGT.com’s trading conditions, providing professional traders with a competitive edge.
Using this platform, Indonesian traders can easily venture into a broader spectrum of markets, including NFTs and DeFi tokens.
We’ve seen how this opens up new avenues to diversify their trading portfolio, aligning with FXGT.com’s proactive approach to integrating both emerging and advanced financial instruments.
During our platform testing, we found that the MT5 platform introduces various new order types and enhances charting tools. These additions empower traders to conduct more comprehensive market analyses and execute advanced trading strategies, which is particularly beneficial for seasoned traders.
What trading platforms are offered for Indonesian traders on FXGT.com?
Indonesian traders on FXGT.com can access MetaTrader 4 and MetaTrader 5 on mobile, the web, and desktop.
Can Indonesian traders use sophisticated charting tools at FXGT.com?
Yes, FXGT.com’s trading platforms provide powerful charting tools to Indonesian traders, such as several chart types, technical indicators, drawing tools, and customizable timeframes, to name only a few.
Trading Instruments & Products
FXGT.com stands out among other brokers because of the unique emerging markets it now offers, including DeFi tokens, synthetic crypto, and NFTs, something that other brokers have not yet integrated. Below, we break down the instruments that Indonesians can expect from FXGT.com:
➡️NFTs – FXGT.com offers five Non-Fungible Tokens, catering to modern traders’ love for digital collectables. These instruments provide a new asset class for Indonesian traders, bridging the gap between finance and the rapidly growing digital art and collectables market.
➡️Stock CFDs – The platform’s fifty stock options are offered through Contracts for Difference (CFDs), letting traders in Indonesia speculate on stock price changes without owning underlying assets.
➡️Synthetic Crypto – FXGT.com offers 11 synthetic cryptocurrencies that mimic actual crypto asset price fluctuations, enabling Indonesian traders to participate in the volatile cryptocurrency market without direct risk to their capital.
➡️Defi – Indonesian traders can participate in the financial blockchain innovation revolution with Decentralized Finance tokens available on FXGT.com, potentially leading to significant returns. However, Indonesians need robust risk management strategies to protect their capital while they profit from this volatile environment.
➡️Forex – FXGT.com provides Indonesian traders with access to the global forex market’s liquidity and depth, offering 41 currency pairings, including major, minor, and exotic pairs.
➡️Crypto CFDs – Indonesian traders can profit from price fluctuations in cryptocurrencies like Bitcoin and Ethereum through Crypto CFDs, which offer access to 24 cryptocurrencies for trading.
➡️Energies and Metals – FXGT.com’s commodities portfolio, including precious metals and energy, allows traders to participate in global markets influenced by geopolitical events and supply-demand dynamics, often incorporating them into diversification and hedging plans.
➡️Index CFDs – Indonesian traders can easily trade market sector performance on FXGT.com, which provides access to various stock indexes.
Can Indonesian traders trade indices on FXGT.com?
Yes, Indonesian traders on FXGT.com can trade a comprehensive choice of indices reflecting the performance of top firms from various sectors and countries.
Can I trade domestic CFDs from Indonesia using FXGT.com?
No, FXGT.com does not support local CFDs from Indonesia but provides a wide range of other instruments across international markets and exchanges.
Overall Rating
- 4.4/5
Min Deposit
79,300 IDR / 5 USD
Regulators
FSCA, CySEC, VFSA, FSA
Trading Desk
MetaTrader 4, MetaTrader 5
Crypto
Total Pairs
41
Islamic Account
Trading Fees
Account Activation
FXGT.com Spreads and Fees
Spreads
FXGT.com offers highly competitive spreads, with rates as low as 0.0 pips for specific accounts such as the ECN. This is ideal for traders who frequently execute trades and strive to capitalize on minor price fluctuations.
While we scrutinized FXGT.com’s spreads using a demo account, we noticed that even while spreads fluctuate, they tend to remain at a reasonable level for major forex pairs, which is advantageous for day traders and scalpers.
Furthermore, the Mini and Standard+ spreads are wider but still reasonable.
Commissions
The commission fees at FXGT.com can vary depending on your account type. Accounts such as Pro and ECN come with commission fees that vary based on the intricacy of trades.
Commissions for currency markets can reach up to $6 per round turn with the ECN account, achieving a harmonious blend of reasonable pricing and guaranteeing top-notch trade execution.
However, Mini, Standard+, and Pro accounts do not include commission fees, making them a cost-effective option for traders seeking to manage expenses.
Overnight Fees
In our experience as expert reviewers, overnight fees are not new or unusual. Most forex and CFD brokers charge these fees (and even credit them, depending on the trade direction). However, FXGT.com is extremely transparent about these fees.
There are even instruments offered by FXGT.com that are automatically swap-free. Furthermore, Muslim traders are exempted from swap fees because of the Islamic Account option available with FXGT.com.
Deposit and Withdrawal Fees
The FXGT.com indicates no deposit or withdrawal fees on any supported payment methods. Indonesians can view the deposit and withdrawal methods by clicking on “Trading” from the top menu and then “Deposits & Withdrawals” under “Account Features.”
Inactivity Fees
We read through FXGT.com’s client agreement to find a penalty for inactive, dormant accounts for over 90 days. The fee is $10 and will be applied monthly until the balance reaches zero, at which point the account is closed automatically.
Should this happen, Indonesians must reregister and go through the account verification again.
Currency Conversion Fees
With FXGT.com, there is a variety of base currencies for your convenience. These include BTCH, ETH, USDT, ADA, XRP, EUR, USD, and ZAR.
However, IDR is not currently supported as a base currency. Therefore, Indonesian traders must convert their currency when depositing or withdrawing.
What are the normal spreads supplied by FXGT.com to Indonesian traders?
FXGT.com provides attractive spreads beginning at 0.0 pips on popular currency pairings such as EUR/USD, giving Indonesian traders better trading conditions and lower transaction costs.
Will FXGT.com let me negotiate my spreads and commissions?
No, FXGT.com has a trading fee schedule and prices are according to the financial market and the market conditions.
FXGT.com Deposit & Withdrawal Options
Our evaluation of the deposit and withdrawal procedure with FXGT.com was easy because all the information we needed was available on the website. Here’s an overview of the available payment methods and the general deposit and withdrawal steps.
📚 Payment Method 🌎 Country 💸 Currencies Accepted ⏰ Processing Time
Debit Card All USD, EUR, ZAR Instant – 5 days
Credit Card All USD, EUR, ZAR Instant – 5 days
Cryptocurrencies All BTC, ETH, XRP, ADA, USDT ERC20, USDT TRC20 1 minute – 48 hours
Sticpay All EUR, USD Instant – 48 hours
Neteller All EUR, USD, ZAR Instant
Skrill All USD, ZAR Instant
Online Naira Nigeria EUR, USD Instant
Perfect Money All EUR, USD Instant
Local Banks All EUR, USD, ZAR, NAD Instant
ZotaPay All USD Instant
FasaPay All USD Instant
Bank Wire Transfer South Africa ZAR 2 to 5 working days
Binance Pay All USDT Instant
Deposits
How to Deposit using Bank Wire Step by Step
✅Log into your FXGT.com account and go to the ‘Deposit’ option.
✅Choose ‘Bank Wire Transfer’ as your deposit option.
✅Take note of the banking info provided by FXGT.com, including the account number and SWIFT code.
✅Log into your online banking site to initiate a wire transfer using FXGT.com’s bank information.
✅If IDR is an option, choose it as the currency; otherwise, be advised that a currency conversion will occur.
✅Confirm the transaction’s information and finish the wire transfer.
How to Deposit using Credit or Debit Card Step by Step
✅Go to the “Deposit” part of your FXGT.com account when you log in.
✅A variety of deposit methods will appear; choose “Credit/Debit Card.”
✅In addition to the deposit amount, provide your credit/debit card’s number, expiration date, CVV, and security code.
✅To avoid currency conversion, select IDR as the transaction currency, if possible.
✅Finish the deposit by following any further steps your bank will require for verification.
How to Deposit using Cryptocurrency Step by Step
✅To deposit crypto funds into your FXGT.com account, go to the “Deposit” section and select the appropriate option.
✅Before making the deposit, decide which coin you want to use.
✅Copy the wallet address that FXGT.com will provide.
✅Launch your crypto wallet, copy the broker’s address, provide the amount you wish to transfer and finish the transaction.
How to Deposit using e-Wallets or Payment Gateways Step by Step
✅On your FXGT.com account dashboard, find the “Deposit” section and click on the corresponding banner.
✅From the options provided, select your preferred e-wallet or payment gateway.
✅After you enter the deposit amount, you will be directed to the payment service’s website.
✅Authorize the payment using your e-wallet to finish the transaction.
Withdrawals
How to Withdraw using Bank Wire Step by Step
✅Find the “Withdrawal” section on the main dashboard of your FXGT.com account.
✅Choose “Bank Wire Transfer” as the method of withdrawal.
✅Please include your bank details, including the account number and SWIFT code.
✅Choose IDR if it’s an option; otherwise, choose another accepted currency, but be warned that currency conversion fees apply.
✅To initiate the withdrawal, provide the desired amount and hit the “Submit” button.
How to Withdraw using Credit or Debit Cards Step by Step
✅You can access the ‘Withdrawal’ area after logging into your FXGT.com account.
✅Choose the option to withdraw using a credit or debit card.
✅Provide your desired withdrawal amount, considering any limitations imposed by the card.
✅If this option is available, choose to withdraw in IDR or choose from other supported currencies.
✅Send in your request to withdraw funds.
How to Withdraw using Cryptocurrency Step by Step
✅Navigate to the ‘Withdrawal’ area of your FXGT.com trading account.
✅Choose the cryptocurrency you want to withdraw.
✅Provide your unique cryptocurrency wallet address to where funds must be sent.
✅Complete the withdrawal once you’ve provided your withdrawal amount in cryptocurrency.
How to Withdraw using e-Wallets or Payment Gateways Step by Step
✅Log into your FXGT.com account and go to the ‘Withdrawal’ area.
✅Select the e-wallet or payment gateway you want to use from the options provided.
✅Enter the withdrawal amount and any other details requested.
✅Please review the transaction details and confirm your withdrawal request.
Does FXGT.com allow withdrawals in IDR?
FXGT.com does not directly offer withdrawals in IDR; hence, Indonesian traders must withdraw money in one of the platform’s approved currencies, such as USD, EUR, or ZAR.
Are there any withdrawal restrictions placed on Indonesian traders by FXGT.com?
No, FXGT.com does not impose withdrawal limitations on Indonesian traders.
Leverage and Margin
When evaluating FXGT.com’s services for Indonesian traders, we emphasized the platform’s leverage and margin requirements due to their pivotal role in trading strategies.
FXGT.com provides a leverage of up to 1:1000, allowing for potential profit amplification and carrying higher risks.
Traders can greatly amplify their trading positions regardless of their low initial capital by utilizing different account types like Mini, Standard+, and ECN, which offer the same high leverage according to the financial instrument being traded.
We were impressed that FXGT.com uses a dynamic leverage model, which is especially beneficial for Indonesian traders who handle larger positions.
Furthermore, this dynamic model ensures that the leverage offered decreases as the position size increases. This risk management measure helps protect both the trader and the broker.
The margin requirements at FXGT.com are directly influenced by the leverage offered. These requirements establish the minimum capital needed to keep positions open in a trader’s account.
Because of their benefits and risks, having a clear understanding of these requirements is crucial because they significantly impact your ability to open new positions and manage existing ones, especially in fast-paced markets.
Traders should be aware that although high leverage can lead to substantial profits, it also comes with a higher risk of significant losses.
Thus, we suggest that Indonesian traders on FXGT.com exercise caution when utilizing leverage, considering their individual risk tolerance and trading strategy.
Furthermore, we also urge Indonesians to stay well-informed about the platform’s margin call policies to prevent position liquidation and maintain a disciplined trading approach while utilizing leverage.
Does FXGT.com give Indonesian traders margin call notifications?
Yes, FXGT.com provides margin call alerts to Indonesian traders, informing them when their account’s margin level crosses a predetermined threshold.
Can I increase or decrease my FXGT.com leverage manually?
Indonesian traders can adjust their leverage settings on FXGT.com using the trading platform or by contacting customer support.
Educational Resources
While evaluating FXGT.com, we found the following educational materials for Indonesian traders.
Demo Account
The Demo Account offered by FXGT.com is a valuable resource for Indonesian traders. It is created to replicate the authentic trading experience while safeguarding your actual funds.
Traders from Indonesia can utilize virtual money to gain hands-on experience in trading, experiment with new strategies, and become well-acquainted with the platform’s various features and tools.
In our experience overall and specifically with FXGT.com, this approach of ‘trying before you buy’ enables traders to build confidence and expertise in the markets, making it a crucial educational tool for both beginners and seasoned traders seeking to refine their skills.
eBooks
We accessed a range of eBooks that enhanced our knowledge of different trading concepts. The topics covered include fundamental analysis, technical analysis, risk management, and trading psychology.
These eBooks are extremely helpful for Indonesians who prefer to learn at their own pace. They offer in-depth insights and strategies that can be directly applied to trading practices.
Glossary
Forex Glossaries are one of our favourite tools on broker websites. Furthermore, the trading glossary on FXGT.com is a carefully selected collection of terms and definitions that proves particularly valuable for Indonesian traders just starting online trading.
FXGT.com’s glossary simplifies confusing language and intricate terms, making the extensive trading realm easier to understand.
Am I allowed to use educational materials available from other brokers and suppliers?
Yes, FXGT.com does not prohibit you from using your educational resources. However, check FXGT.com’s site for site-specific education to help you navigate trading specifically with FXGT.com.
Can I get certificates or accreditation after I use FXGT.com’s educational materials?
No, FXGT.com does not provide official certification or accreditation.
Bonuses and Promotions
FXGT.com offers Indonesians a range of bonuses and promotions, including a loyalty bonus. This incentive is a top feature, offering a 25% unlimited bonus on all future deposits.
Furthermore, FXGT.com’s VPS sponsorship program is highly beneficial for Indonesian traders who use automated trading systems, guaranteeing a reliable and efficient trading environment.
Indonesian traders can also benefit from FXGT.com’s $30 no-deposit bonus. This unique bonus lets them start trading without an initial deposit.
In addition, from what we know about no-deposit bonuses, it provides an incredible chance for new traders to get acquainted with the platform and market dynamics without risking any funds.
However, before they use this bonus, Indonesians must carefully review the terms and conditions, including a 2 GT lot trading volume, before traders can withdraw profits from the no-deposit bonus.
Throughout our evaluation, we found that FXGT.com’s bonus structure is carefully designed to cater to the varying needs of Indonesian traders, offering them additional financial resources to enhance their trading experience.
Is there a specific trading benefit for Indonesian clients during local holidays?
Yes. FXGT.com frequently provides unique trading benefits on certain holidays published on the site and through email newsletters.
Does FXGT.com provide a risk-free trading alternative for first-time traders in Indonesia?
Yes. FXGT.com provides risk-free trading opportunities to first-time Indonesian traders by providing a 30 USD No-deposit bonus, allowing them to trade without risking their original investment.
Affiliate Programs
Features
In Indonesia, the FXGT.com affiliate program offers a specialized solution designed to address the specific needs and challenges of the local forex industry.
Based on our assessment, it is clear that the program excels in its capacity to adjust to Indonesia’s regulatory framework, guaranteeing that affiliates abide by legal requirements.
Furthermore, this program stands out for its commitment to providing educational resources. Based on our findings, FXGT.com aims to equip Indonesian affiliates with the knowledge they need to understand forex trading fully. By doing so, it enhances their ability to promote FXGT.com effectively.
In addition, the program offers a commission structure that is highly competitive and includes bonus incentives for top-performing affiliates.
This feature is particularly attractive to the growing forex community in Indonesia. In addition, the program’s dedication to clear and thorough reporting allows affiliates to monitor their earnings and adjust their strategies accordingly.
Given its strategic advantages, we consider the FXGT.com affiliate program an excellent option for Indonesian traders and influencers involved in forex trading.
How to Register an Affiliate Account with FXGT.com Step-by-Step
Step 1 – Go to the website.
To start your partnership journey with FXGT, please visit their website at https://mypartners.fxgt.com/register/. If you prefer Bahasa Indonesia, you must translate the website as it is currently only available in English, Japanese, Arabic, Malaysian, Thai, Turkish, Vietnamese, Chinese, Portuguese, Korean, and Tagalog.
Step 2 – Click on the Partners tab.
Next, find the “Partners” section from the homepage in the top toolbar, and click the “Register” button to initiate the signup process.
Step 3 – Complete the form.
You will then be guided to complete an application form. This form will require that you provide your basic information, including your full name, email address, phone number, and, if you wish, your Skype ID. In addition, please provide details about your company (if applicable) and include your website URL (if you have one).
Step 4 – Provide your strategy.
One important aspect of the application requires outlining your strategy for generating traffic for FXGT. Strategies could involve leveraging social media channels, conducting website reviews, or implementing various marketing methods. Before submitting your application, you must examine and familiarize yourself with FXGT’s Terms and Conditions for Affiliate Partners.
What commission models are accessible to FXGT.com affiliates in Indonesia?
FXGT.com provides numerous commission models to Indonesian affiliates, such as CPA and rebates, where Indonesians can earn up to $12 per lot that their referrals trade.
What support does FXGT.com provide to new affiliates in Indonesia?
FXGT.com provides extensive support to new affiliates in Indonesia, including training, marketing materials, and specialized account managers.
Customer Support
Customer Support FXGT.com Customer Support
⏰ Operating Hours 24/7
🗣 Support Languages Multilingual
👥 Live Chat Yes
📱 Email Address [email protected]
📞 Telephonic Support Yes
✅ The overall quality of FXView Support 5/5
Response Time
📞 Support Channel ⏰ Average Response Time 👥 User-based Response Time
Phone 2 – 5 minutes 4 – 6 minutes
Email 24 hours Same-day
Live Chat 5 minutes 3 – 4 minutes
Social Media 5 minutes 5 minutes
Affiliate 24 – 48 hours 24 – 48 hours
How can I report concerns with my FXGT.com account?
Indonesian traders can report account difficulties using the live chat tool or by emailing FXGT.com’s support team.
What educational materials does FXGT.com provide to Indonesian traders?
FXGT.com provides a variety of training materials to Indonesian traders, such as trading tutorials, seminars, and a comprehensive FAQ area.
Social Responsibility
FXGT.com does not currently provide any information regarding CSR initiatives or projects.
User Comments and Reviews
While FXGT.com does not yet have thousands of reviews and user comments like rivals who have been in operation for decades, we found mostly positive client feedback and an overall user score of 3.8 out of 5. Here are some top comments relating to FXGT.com:
➡️“I used the 30 USD no deposit offer, completed the 2gtlots requirement, and made a $276 profit in three days. Made a withdrawal request, and it was processed within 24 hours! The money arrived in my bank account in less than 8 hours. Great bargain!”
➡️“Stick to ECN accounts; I tested many brokers, and each one’s execution varied. Usually, the fees per lot and spreads differ. I learned the hard way!”
➡️“FXGT.com appears to be suitable for beginners. Though the account settings confused me a little, they cater to both beginners and professionals. Great site to start trading!”
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Conclusion
Following our thorough analysis of FXGT.com for the Indonesian market, we determined that this broker offers a comprehensive forex and CFD trading environment.
The range of account types caters to the different requirements of Indonesian traders, spanning from novices to experienced individuals.
Providing leverage up to 1:1000 can be both advantageous and risky. In our experience, on the one hand, it allows for substantial market exposure. On the other hand, it also increases the potential losses that one may face.
FXGT.com’s use of MetaTrader platforms improved our trading experience by providing robust tools and an intuitive interface. The cutting-edge options of NFTs and DeFi tokens showcase a forward-thinking mindset, placing Indonesian traders at the vanguard of financial market trends.
Our Insight
I would recommend FXGT.com for beginner Indonesian traders because their minimum deposit is fairly low and as for trading conditions, the leverage and situation with commissions and spreads are favourable. The broker also doesn’t have any hidden commissions.
Our Recommendations on FXGT.com
➡️Consider supporting the Indonesian Rupiah (IDR) to simplify transactions for Indonesian traders, automatically cancelling out currency conversion fees.
➡️Add more educational tools and resources like webinars, seminars, videos, etc.
➡️Consider extending customer support by providing localized options in Indonesia.
FXGT.com Pros & Cons
As part of our comprehensive and unbiased review, it’s crucial to consider both the pros and cons of trading with FXGT.com. Here’s what we can tell Indonesian traders about the benefits and disadvantages of using FXGT.com.
| ✔️ Pros | ❌ Cons |
| You can start with a Mini account on FXGT.com and work your way up to ECN as you gain experience | FXGT.com is not locally regulated in Indonesia |
| FXGT.com charges extremely low zero-pip spreads on major currency pairs | Indonesians cannot deposit or withdraw in IDR using local payment methods |
| MetaTrader 4 and 5 are industry-standard options that integrate perfectly into FXGT.com’s trading environment and conditions | IDR is not an accepted base currency for any of the accounts, subjecting deposits and withdrawals to currency conversion fees |
| FXGT.com has an extremely low minimum deposit requirement across account types | |
| There are several risk management features and tools available | |
| FXGT.com keeps all client funds secure in segregated accounts | |
| FXGT.com offers dynamic leverage of up to 1:1000 on forex majors | |
| FXGT.com offers several trading opportunities by providing a range of markets and instruments |
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Frequently Asked Questions
Is FXGT.com a regulated broker in Indonesia?
Yes, FXGT.com is a regulated broker, but not in Indonesia. FXGT.com welcomes Indonesian traders and is regulated by FSCA in South Africa, CySEC in Cyrus, VFSA in Vanuatu, and FSA in Seychelles.
Does FXGT.com provide Indonesian Rupiah (IDR) trading accounts?
No, FXGT.com only offers accounts denominated in BTC, ETH, USDT, ADA, XRP, EUR, USD, and ZAR. This means fiat deposits (EUR, USD, ZAR) will be converted during deposit and withdrawal processes.
What is the minimum deposit amount for Indonesian traders on FXGT.com?
FXGT.com has a minimum deposit requirement of 5 USD or any other currency equivalent.
Does FXGT.com provide any unique promotions for Indonesian traders?
Yes, FXGT.com provides promotions to all global clients from countries where services are allowed. For instance, Indonesians can sign up for an account and receive a 30 USD no-deposit bonus.
