FXGT traders discuss both the good and bad reviews!

“Is FXGT risky? A scam?” From basic questions to specific inquiries about trading environments such as “Conditions for setting 5,000 times high leverage”, I, a trader at FXGT, will answer them all.
FXGT (FXGT) is recommended for traders who are about to start FX trading.

FXGT is a bonus broker that offers as many bonuses as XM (XMTrading).

Since the full-scale business start in 2020, several years have passed, and trading environments and conditions have been established, with many bonuses becoming popular and narrowed down to standards.

There is no longer a need to time the account opening like before; you can receive account opening bonuses, 100% deposit bonuses, and cashback at any time, just like with XM.

FXGT Recommended & Not Recommended Traders

Below are traders for whom FXGT (FXGT) is recommended.

• FX beginners
• Traders aiming for bonuses
• Traders with low capital
• Day traders

Conversely, the following are traders who cannot actively recommend FXGT.

• Traders pursuing narrow spreads
• Traders seeking low trading costs
• Scalping traders
• Swing traders
• Position traders

With FXGT, you can keep your capital low with bonuses, and even if you lose in day trading, there’s no loss due to negative swaps for up to 6 days.

Latest List of Bonuses↗

What is FXGT (FXGT)?

FXGT (FXGT) is an FX broker based on the island nation of Cyprus in Europe.

Below is the building that houses the current headquarters office of FXGT (address: Iapetou 17, Agios Athanasios 4101 Cyprus).

XM (XMTrading) and FXDD, AXIORY, and others have established FX brokers, including FXGT.

FXGT also employs Japanese staff.

Official site (fxgt.com)

Is FXGT not a scam? Not an FX broker exclusive to Japanese?

FX broker FXGT (FXGT) is not a scam that preys on traders.

• FX-related scams → No
• FX brokers owned by Japanese targeting only Japanese traders → No
• FX brokers with many withdrawal issues and not recommended → No

FXGT, under the company CryptoGT, started its business in December 2019, focusing on Japan.

Today, FXGT is also actively operating in markets such as Southeast Asia and Africa.

Reputation & Comments on FXGT’s Trading Environment, Conditions, and Rules

We will explain one by one the comments and reviews about FXGT’s (FXGT) trading environment, conditions, and rules.

Here’s a summary of the key points of FXGT’s trading environment, conditions, and rules.

The latest bonuses available from FXGT can be confirmed on the account opening page (fxgt.com/ja/register).

Latest List of Bonuses↗

FXGT Does Not Always Offer 5,000 Times High Leverage

The leverage at FX broker FXGT (FXGT) is up to 5,000 times.

Only FXGT’s Optimus Account can trade with 5,000 times high leverage once the leverage release conditions are met.

What is Leverage Release for FXGT’s Optimus Account?

The leverage on FXGT’s (FXGT) Optimus account can be changed to a maximum of 5,000 times under the following conditions.

• Trade a total of 5 GT lots (500,000 USD)
• Conduct at least 8 trades

The high leverage of 5,000 times for FXGT’s Optimus cannot be set without meeting the leverage release conditions, unlike enxess’s 21 billion times unlimited leverage (unlimited leverage).

Optimus Account Here↗

What is FXGT’s Leverage Limitation?

At FX broker FXGT (FXGT), leverage limitation occurs under the following situations.

• When opening an account type other than the Optimus account
• When leverage release conditions are not met in the Optimus account
• When trading instruments (handled instruments) with leverage below 5,000 times
• When effective margin increases
• When important economic indicators are announced
• Right after market opening on Monday and just before market closing on Friday
• When the date changes server time

First-time traders at FXGT start trading with high leverage of up to 1,000 times even without meeting the leverage release conditions and receive an account opening bonus that allows them to start FX with zero capital.

How High is FXGT’s Leverage?

The leverage at FX broker FXGT (FXGT) is the third highest after exness and FxPro (FX Pro).

For example, if you order 0.1 lot (10,000 currency) of USDJPY, the margin required will be as follows.

Account types other than FXGT’s Optimus account have a maximum leverage of 1,000 times, which is still sufficiently high leverage, allowing you to enjoy FX with a 10,0 USD challenge.

Try with a Demo Account (Free)↗

FXGT Has a Wide Spread (High Trading Costs)

FX broker FXGT (FXGT) has wide spreads compared to domestic accounts.

Below are the minimum spreads for USDJPY (USDJPY) for each account type at FXGT.

In FXGT’s wide-spread Standard and Mini accounts, you can receive an account opening bonus (no deposit bonus) and a 100% deposit bonus.

Which Account Type at FXGT Has the Lowest Trading Costs?

Below is a comparison of trading costs for ordering 1 lot of USDJPY at each account type at FXGT (FXGT).

If you are concerned about low trading costs at FXGT, the Pro Account is recommended over the ECN Account, which incurs trading fees (buy-sell fees).

Furthermore, in FXGT’s Pro Account, you can trade FX currency pairs like USDJPY, gold, crude oil, and the Nikkei average index swap-free for up to 6 days from the order.

Pro Account Here↗

FXGT Slips (Slippage Occurs)

At FXGT (FXGT), like other FX brokers, execution delays and slippage occur.

A professional trader I met, who frequently engages in strategies like second-scalping, has moved to another FX broker because he cannot tolerate slippage at FXGT.

If your trading strategy is mainly “scalping” or “frequent large lot orders like 10 lots,” start trading at FXGT slowly and with small lots.

Does FXGT Compensate for Losses When Slippage Occurs?

FX broker FXGT (FXGT) does not normally respond to losses incurred from slippage.

Depending on the scale and impact range of the slippage and the verification results from FXGT, there is a possibility that losses caused by slippage may be compensated, but normally there is no response.

Recently, some FX brokers, like TitanFX (Titan FX) and ThreeTrader, have become sensitive to occurrences of slippage, and if you post about slippage on X, they might reply or react. (Note: It does not guarantee that all slippage-related losses will be compensated.)

Japanese Support Here↗

FXGT Is Not Swap-Free

Swap-free at FX broker FXGT (FXGT) is not semi-permanent like XM or exness.

Below are the swap-free target instruments and periods for each account type at FXGT.

For example, if you order EURUSD in FXT’s Pro Account on January 1st, profits or losses due to swap points will occur between January 7th and January 8th.

FXGT’s Loss Cut Level Is Not 0%

The loss cut level at FX broker FXGT (FXGT) varies by account type.

Below are the loss cut levels for each account type at FXGT.

The loss cut level for FXGT’s Optimus Account is always 0%, regardless of whether leverage is released.

Optimus Account Here↗

Abnormal Rates Occur at FXGT

Not limited to FXGT (FXGT), abnormal rates can occur at other FX brokers, both established and emerging.

The response of FX brokers at the time of occurrence varies depending on the impact range caused by the abnormal rate (tick error).

The approaches differ greatly, such as “FX brokers that rollback without announcement” and “FX brokers that compensate only the traders who inquire,” or “FX brokers that do not respond because it was the correct price delivered from LP, not an abnormal rate.”

FXGT is not a malicious scam broker that conducts stop hunting with intentional abnormal rates, but abnormal rates do occur at FXGT.

Reputation & Reviews About FXGT’s Bonuses

Next, we explain the reviews and comments about the popular bonuses at FXGT (FXGT).

Below are the standard bonuses and cashbacks available at FXGT.

• Account Opening Bonus 15,0 USD ~ 20,0 USD
• 100% Deposit Bonus (or 120% Deposit Bonus)
• 70% Deposit Bonus
• 50% Deposit Bonus
• 25% Deposit Bonus (or 35% Deposit Bonus)
• Leverage Release Cashback 3,0 USD
• Account Opening Cashback 10,0 USD

Exclusive campaigns at Hercules Finance can be checked on the bonuses and campaigns list page at FXGT.

Latest List of Bonuses↗

Profits from FXGT’s Account Opening Bonus Cannot Be Withdrawn

Below are the withdrawal conditions for profits from FXGT’s (FXGT) account opening bonus.

• Total of 2 GT lots (200,000 USD) of trading
• At least 5 trades

The withdrawal conditions for profits from FXGT’s account opening bonus are a bit difficult for FX beginners, but achievable with time.

Is Achieving FXGT’s Account Opening Bonus Profit Withdrawal Conditions Easy?

We will simulate the achievement of the profit withdrawal conditions for the account opening bonus at FX broker FXGT (FXGT).

First, open a standard account with high leverage of 1,000 times at FXGT, and receive an account opening bonus of 15,0 USD or 20,0 USD.

Below are examples of required margins when ordering USDJPY (USDJPY) at high leverage of 1,000 times in FXGT’s trading account when 1 dollar = 150 yen.

Now that you understand, you will place orders according to your risk tolerance.

• High Risk: 0.4 lot x 5 orders = Total 2 lots
  → Required margin per order is 6,0 USD. Margin rate with an account opening bonus of 15,0 USD is 250%.
• Moderate Risk: 0.2 lot x 10 orders = Total 2 lots
  → Required margin per order is 3,0 USD. Margin rate with an account opening bonus of 15,0 USD is 500%.
• Low Risk: 0.1 lot x 20 orders = Total 2 lots
  → Required margin per order is 1,5 USD. Margin rate with an account opening bonus of 15,0 USD is 1,000%.

If you are a beginner in FX, start trading with small lots like 0.01 lot at first.

Receive the Account Opening Bonus↗

What are FXGT’s GT Lots?

The trading conditions for the profit withdrawal of the account opening bonus at FX broker FXGT (FXGT) are based on GT lots.

If the base currency is US dollars like USDJPY, 1 lot = 1 GT lot.

If it’s gold (XAUUSD), 1 lot in FXGT’s Standard Account is 100 ounces, so 100 ounces x the latest gold price ÷ 100,000 USD [GT lot] calculates the trading volume in GT lot units.

The progress of meeting the trading conditions for the profit withdrawal of the account opening bonus at FXGT can be checked on My Page (fxgt.com).

Are FXGT’s Account Opening Bonus Profit Withdrawal Conditions Stricter Than Other Companies?

The profit withdrawal conditions for the account opening bonus at FX broker FXGT (FXGT) are relatively easy compared to other FX brokers.

Below are the profit withdrawal conditions for account opening bonuses at FX brokers offering more than 10,0 USD in account opening bonuses.

FXGT’s account opening bonus profit withdrawal conditions are easier to achieve compared to other FX brokers’ account opening bonus profit withdrawal conditions because of the lower number of lots required.

Receive the Account Opening Bonus↗

FXGT’s 120% Deposit Bonus Is Not Available

The first deposit bonus at FX broker FXGT (FXGT) varies by account type.

Traders who want to start trading FX and CFDs like gold at FXGT receive a 100% deposit bonus.

FXGT’s 100% Deposit Bonus Does Not Reset or Revive

The 100% deposit bonus at FX broker FXGT (FXGT) does not reset or revive like XM’s.

FXGT’s 100% deposit bonus is only once at the time of first deposit.

FXGT’s resetting or reviving bonuses include the 70% deposit bonus and the 25% deposit bonus.

To the Latest List of Bonuses↗

Revival Conditions for FXGT’s Deposit Bonuses

There are two reviving deposit bonuses at FX broker FXGT (FXGT).

• 70% Deposit Bonus… Revives automatically for a limited time without trading conditions
• 25% Deposit Bonus… Revives after receiving the 25% deposit bonus up to the limit and completing a total of 50 GT lots of trading

FXGT Does Not Have a Point System (No Trading Points Accumulated)

There has been discussion about a trading point system during meetings with the CEOs of FX broker FXGT (FXGT).

However, a point system like FXGT Points or GT Points has not been implemented.

The status of offering FXGT Points (GT Points) can be checked on the bonus list at FXGT.

View the Latest Bonuses↗

Reputation & Reviews About FXGT’s Company

Next, we explain the general comments and reputation about the company FXGT (FXGT).

The FXGT group brand included CryptoGT.

FXGT Was Founded by Former XM Employees

FXGT (FXGT) is an FX broker initiated by former staff of XM, FXDD, and AXIORY.

Since the main members are from XM, FXGT’s trading environment, conditions, and rules are similar to those of the bonus broker XM.

Please also refer to the FX column about the differences between FXGT, XM, and exness (Exness).

Open an Account (Free) Here↗

Founding Members of FXGT Have Moved to HFM and Vantage

At FXGT (FXGT), just like at other FX brokers, job changes and startups are common stories.

What Japanese traders need to be careful about is not being deceived by scams.

There are actual scam brokers who lure traders with easy-to-understand titles like “former ○○,” and whether their backgrounds are true or false is not always clear.

Even if their background is true, the possibility of a scam cannot be denied, so when opening an account with a new broker, consider the risk of personal information leakage.

FXGT Engages in Withdrawal Denials and Profit Cancellations

There were issues with withdrawal denials shortly after FXGT (FXGT) started its operations, but currently, there are none.

Withdrawal denials where even the principal amount deposited cannot be withdrawn do not occur at FXGT.

FX brokers (FX brokers/FX companies) that have obtained financial licenses or are registered with regulations cannot conduct business if they are found to be engaging in withdrawal denials, as measures such as license revocation would be enforced.

Open an Account (Free) Here

The Reason for FXGT Being Labeled a Scam Broker Due to Withdrawal Denials

FX broker FXGT (FXGT) was called a scam because of the account opening bonus received without complete identity verification when it started operations in Japan.

Please also check the latest comments and reviews from traders about withdrawal issues at FXGT.

Credit Cards Used at FXGT Were Fraudulently Charged High Amounts

At FX broker FXGT (FXGT), there were rumors of fraudulent use of credit cards used by traders in the past.

FXGT conducted an investigation and announced that there were no incidents of credit card fraud or information leakage.

Unauthorized Withdrawals from FXGT Due to Computer Takeovers

At FX broker FXGT (FXGT), there were issues other than “receiving the account opening bonus without completing identity verification” and “rumors of credit card misuse,” such as “unauthorized withdrawals due to computer takeovers.”

These incidents occurred when computers were taken over, for example, infected with a virus, and unauthorized access was made to FXGT’s My Page for withdrawals.

FXGT also allows the use of Google Authenticator for two-factor authentication.

How to Use FXGT – Benefits and Drawbacks of Starting FX at FXGT

FXGT (FXGT) is a popular FX broker, so it has both good and bad reviews.

Here, we explain three benefits (recommended points) of starting FX at FXGT.

• Receive an account opening bonus and a 100% deposit bonus
• Switch to a Pro Account after receiving all the bonuses
• The highest leverage for Bitcoin is 1,000 times in the industry

FXGT is a perfect FX broker for beginners.

Moreover, FXGT has also started offering Pro Accounts aimed not only at bonus hunters but also at other traders.

Here for a Demo Account (Free)

Account Opening Bonus and 100% Deposit Bonus Are Must-Haves for All Traders

The greatest attraction of FX broker FXGT (FXGT) is its high account opening bonus.

Additionally, at FXGT, you receive a 100% deposit bonus in addition to the account opening bonus.

FXGT and XM, FinPros, Vantage, and a few other FX brokers are the only ones where you can receive both a high account opening bonus and a 100% deposit bonus.

Switch to a Pro Account After Receiving All Bonuses

Once you have received all the bonuses such as the account opening bonus and the 100% deposit bonus at FX broker FXGT (FXGT), switch to a Pro Account, which offers no trading fees but narrower spreads.

FXGT now also allows the opening of an Optimus Account with 5,000 times high leverage.

Once you have received all the bonuses from FXGT, such as the account opening bonus and the 100% deposit bonus, the next step is to open a Optimus Account if you prefer high leverage of 5,000 times or a Pro Account if you prefer narrower spreads.

View the Latest List of Bonuses↗

If You Want to Trade Bitcoin in Small Amounts, Choose FXGT with 1,000 Times High Leverage

FX broker FXGT (FXGT) offers the highest leverage for cryptocurrency FX such as Bitcoin in the world.

For example, when the price of one Bitcoin is 100,000 USD, you can place an order at FXGT with just 10,0 USD.

Three Mandatory Bonuses to Receive at FXGT

There are three bonuses at FX broker FXGT (FXGT).

1. Account Opening Bonus (No Deposit Bonus)
2. 100% Deposit Bonus
3. Leverage Release Cashback

When opening an account at FXGT, make sure to receive at least these three bonuses and cashbacks.

Receive the Account Opening Bonus↗

1. FXGT’s Account Opening Bonus (No Deposit Bonus)

The account opening bonus at FX broker FXGT (FXGT) is a bonus that allows you to start FX for free.

FXGT’s account opening bonus allows you to start FX with no risk and is therefore recommended not only for FX beginners but also for experienced traders.

2. FXGT’s 100% Deposit Bonus

The 100% deposit bonus at FX broker FXGT (FXGT) is a bonus that matches the amount of your own funds deposited.

Depending on the campaign period, you can receive up to about 100,0 USD in bonuses just from FXGT’s account opening bonus and 100% deposit bonus.

To the Latest List of Bonuses↗

3. FXGT’s Optimus Account Opening Cashback

At FXGT’s Optimus account, you receive 3,0 USD cashback when you unlock the leverage.

If you want to trade with high leverage of 5,000 times in FXGT’s Optimus account, you need to change the leverage yourself after achieving the leverage release conditions.

Open an Optimus Account Here↗

Comparison of XM and FXGT, Both Bonus Brokers

We compare FX broker FXGT (FXGT) with another bonus broker, XM.

When comparing the bonus amounts between FXGT and XM, XM offers more.

Both XM and FXGT, Opening an Account at Both Is the Right Choice

If comparing FX broker FXGT (FXGT) with XM, it’s recommended to open an account at both.

If you want to try the 10,0 USD challenge at each, you can start FX with more than double your personal funds at each broker.