Global Forex Company FXGT Reliability

Forex Company

FXGT is a hybrid exchange that started its service in December 2019. It can be said that the biggest selling point is the abundant number of stocks handled including virtual currencies. Forex currency pair 48, precious metal 2, energy 3, stock 53, faint index 8, virtual currency 30 are quite substantial. You can trade with a maximum leverage of 1000 times. Although it is a company that started operation in recent years, it has become a famous company in a very short period of time. You can rest assured that you have a financial license. I have an article about the safety of FXGT.

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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 Name360 Degrees Markets Ltd
licenseSeychelles Financial Services Agency (FSA)
Business start dateDecember 2019
Headquarters locationSuite C, Orion Mall , Palm Street, Victoria , Mahe , Seychelles
CapitalUnpublished
number of employeesUnpublished

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 NameAcquisition license
360 Degrees Markets LtdSeychelles Financial Services Agency (FSA)

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 studyContents
Have multiple accountsFXGT only allows each person to open an account. Withdrawals may be refused due to prohibited matters.
Double-deckerFXGT prohibits double-decker transactions by convention. Withdrawals may be refused due to prohibited matters.
Withdrawal destination different from the deposit routeYou 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 withdrawalThe bonus itself is the amount granted to the deposit amount and cannot be withdrawn.
Operated by another person from the same IP addressThere is a possibility that the account may be frozen due to concerns from FXGT that the same person may own multiple accounts.
Insider tradingInsider trading is a prohibited matter and may freeze your account.
Registered an account with false informationThere 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.
ArbitrageArbitrage is a prohibited matter and may freeze your account.

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