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.
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|
|number of employees||Unpublished|
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)|
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.
|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.|