FXGT is a hybrid exchange that started its service in December 2019. It is an emerging Forex trader. Although it has a short history of operation, it has a large number of users and is a popular vendor. They have obtained a strict license from the Seychelles Financial Services Agency, so it may be safe in terms of reliability. The biggest merit is that you can trade abundant stocks such as virtual currencies on the hybrid exchange. It has become a well-known company in a very short period of time.
Company information
FXGT is an FX brand operated by 360 Degrees Markets Ltd. The FX trading service will be available in 2019 and is an emerging Forex company.
| Company Name | 360 Degrees Markets Ltd |
| license | Seychelles Financial Services Agency (FSA) |
| Business start date | December 2019 |
| Headquarters location | Suite C, Orion Mall , Palm Street, Victoria , Mahe , Seychelles |
| Capital | Unpublished |
| number of employees | Unpublished |
License
A financial license is issued by the financial authorities of the country and is a permit for conducting a financial business. Without this, you cannot carry out business activities. The countries with strict examination standards in the world are said to be the United Kingdom and Cyprus. The UK Financial Conduct Authority (FCA) has very strict not only license acquisition but also maintenance standards, such as having to compensate up to £ 85,000 per person in the event of a Forex trader’s bankruptcy. The Cyprus Securities and Exchange Commission (CySec) is said to be the second highest screening country after the United Kingdom. So is FXGT licensed?
| Company Name | Acquisition license |
| 360 Degrees Markets Ltd | Seychelles Financial Services Agency (FSA) |
Email support
The good thing about FXGT is that you can get email support even on Saturdays and Sundays, and it comes with 24-hour support almost 24 hours a day, 7 days a week. The reason for this is that we also handle virtual currencies.
| Inquiry method | Contents |
| Ticket | Ticket inquiries are for members only who need to log in to FXGT. |
| Live chat | FXGT live chat is open 24 hours a day, even on weekends and holidays. Whenever you have a question, you can contact us at any time. |
| Inquiry form | When using the inquiry form, inquire from the website. |
Unfortunately, we do not accept telephone support.
SSupported language
The following languages are supported.
- English
- Japanese
The page states that the staff can speak many languages.
Loss compensation
FXGT uses a zero cut system and there is no margin. No need to worry about debt. In the past, losses have been compensated for due to server malfunctions.
Withdrawal method
There are the following methods for withdrawing FXGT.
| Withdrawal method | Contents |
| Bank remittance | In many cases, a fee of about 2,500 yen will be charged for overseas remittance, and in the case of Mega Bank, an amount of about 3,000 to 5,000 yen may be required. The minimum withdrawal amount is 10,000 yen. It takes about 5 days to reflect the account. |
| Credit / debit card | Withdrawal fees with credit cards are free, and the minimum withdrawal amount is 1000 yen for JCB Card and 5000 yen for others. It takes about 2 days to reflect the account. |
| Cryptocurrency | The fee is free and it takes about 2 days to reflect the account. |
| Online wallet | The withdrawal fee is free and it takes about 2 days to reflect the account. |
Payment method
There are the following methods for depositing FXGT.
| Payment method | Contents |
| Credit / debit card | Fees are free and will be reflected within minutes of deposit. |
| Cryptocurrency | Fees are free and will be reflected within minutes of deposit. |
| Online wallet | Fees are free and will be reflected within minutes of deposit. |
| Bank remittance | For overseas remittances, a bank fee of 3000-5000 yen will be charged. |
Account type
FXGT is divided into several accounts according to each trader’s preference. You can choose your favorite type. The differences are summarized in a table.
| item | Cent | Mini | Standard | FX | ECN |
| Transaction form | NDD STP | NDD STP | NDD STP | NDD STP | NDD ECN |
| Brands handled | Foreign exchange | Foreign exchange Precious metals energy Stock index Cryptocurrency Synthetic | Foreign exchange Precious metals energy stock Stock index Cryptocurrency Synthetic | Foreign exchange Precious metals energy stock Stock index | Foreign exchange Precious metals energy stock Stock index Cryptocurrency Synthetic |
| Transaction fees | free | free | free | free | 5 dollar |
| Spread | 2.0pips | 1.8pips | 1.6pips | 1.6pips | 0.3pips |
| Lot unit | 1000 | 10000 | 100000 | 100000 | 100000 |
| Maximum trading volume | 4000 | 500 | 200 | 200 | 200 |
| Maximum number of positions | 50 | 50 | 100 | 100 | 100 |
| Margin call | 50 | 50 | 50 | 50 | 70 |
| Stop-loss | 20 | 20 | 20 | 20 | 40 |
| Account currency | USD EUR | JPY USD EUR BTC ETH XRP USDT | JPY USD EUR BTC ETH XRP USDT | JPY USD EUR BTC ETH XRP USDT | JPY USD EUR BTC ETH XRP USDT |
| Minimum deposit | 500yen | 500yen | 500yen | 500yen | 25000yen |
| Minimum trading volume | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
Currency pair
FXGT supports the following currency pairs.
| Currency pair | Average spread (pips) |
| AUD/USD | 1.8 |
| EUR/CHF | 2.5 |
| EUR/GBP | 1.9 |
| EUR/USD | 1.6 |
| GBP/USD | 2.2 |
| NZD/USD | 2.7 |
| USD/CAD | 2.3 |
| USD/CHF | 2.2 |
| USD/JPY | 1.6 |
| AUD/JPY | 3.0 |
| CAD/JPY | 3.0 |
| CHF/JPY | 2.9 |
| EUR/JPY | 2.2 |
| GBP/JPY | 3.5 |
| NZD/JPY | 3.0 |
| TRY/JPY | 1.7 |
| AUD/CAD | 2.8 |
| AUD/CHF | 2.9 |
| AUD/NZD | 3.6 |
| CAD/CHF | 3.3 |
| EUR/AUD | 3.2 |
| EUR/CAD | 3.3 |
| EUR/DKK | 27.0 |
| EUR/HUF | 35.9 |
| EUR/NOK | 65.0 |
| EUR/NZD | 4.5 |
| EUR/PLN | 50.0 |
| EUR/SEK | 53.0 |
| EUR/TRY | 75.5 |
| GBP/AUD | 4.0 |
| GBP/CAD | 5.3 |
| GBP/CHF | 4.0 |
| GBP/NZD | 6.2 |
| NZD/CAD | 4.0 |
| NZD/CHF | 3.8 |
| USD/CNH | 35.0 |
| USD/CZK | 16.5 |
| USD/DKK | 38.8 |
| USD/HKD | 28.0 |
| USD/HUF | 25.0 |
| USD/NOK | 56.0 |
| USD/PLN | 36.0 |
| USD/RUB | 42.0 |
| USD/SEK | 50.0 |
| USD/SGD | 21.0 |
| USD/TRY | 74.0 |
| USD/ZAR | 130.0 |
Other companies are good for scalping trade
If scalping trade is the main thing, Tradeview and Axiory are better. Because the spread is very narrow. For those who aim for shorts with trend-following strategies and day trading, FXGT will be fine.
Automatic trading is at your own risk
FXGT can also be bought and sold automatically. You can use it, but if there is a one-sided trend, the unrealized loss will be large and all the principal will often fly away. Although it is your responsibility to invest in general, please be aware that EA trades can fail in one trend even if the winning percentage exceeds 90%.
Low risk, low return for beginners
Beginners should not be familiar with Forex yet, so start trading with a small number of lots. If you have one position and one lot, you will not suddenly go bankrupt. Let’s start low risk and low return.
Whether or not withdrawal is refused
It will be the most worrisome place for traders who actually trade. There is no Forex company that refuses to deposit, but I am wondering if I can really withdraw when I can make a profit. Some companies run away at worst, so what about FXGT? The patterns of withdrawal refusals from past cases are summarized below.
| Case study | Contents |
| Have multiple accounts | FXGT only allows each person to open an account. Withdrawals may be refused due to prohibited matters. |
| Double-decker | FXGT prohibits double-decker transactions by convention. Withdrawals may be refused due to prohibited matters. |
| Withdrawal destination different from the deposit route | You made a deposit with my credit card, but when you try to withdraw by bank transfer, you cannot proceed with the withdrawal procedure. It is a countermeasure by measures against money laundering. |
| Bonus withdrawal | The bonus itself is the amount granted to the deposit amount and cannot be withdrawn. |
| Operated by another person from the same IP address | There is a possibility that the account may be frozen due to concerns from FXGT that the same person may own multiple accounts. |
| Insider trading | Insider trading is a prohibited matter and may freeze your account. |
| Registered an account with false information | There is a possibility that the account will be frozen because it cannot be confirmed whether the person is the person. |
| Unsubmitted identity verification documents | There is a possibility that the account will be frozen because it cannot be confirmed whether the person is the person. |
| Arbitrage | Arbitrage is a prohibited matter and may freeze your account. |
Full support
Compared to other Forex companies, it has less language support, but it can be said that the mail service that supports 24 hours a day, weekends and holidays is very substantial.
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