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FXGT.com Review

FXGT.com Review

One of the main features of FXGT.com for Taiwanese traders is 24/7 multilingual customer support. FXGT.com offers several bonuses and promotions to get traders started. Taiwanese traders can also expect access to tutorials and guides.

Updated : June 13, 2024

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Min Deposit

5 USD

Regulators

SFSA, FSCA, CySec*

Trading Desk

MT4, MT5

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low spreads

Account Activation Time

24 Hrs

*FXGT.com has a CySec license, but it is only valid for institutional clients.

Overview FXGT.com

FXGT.com Review

 

The appeal of global markets has consistently fascinated us, and as dedicated reviewers, we’re constantly looking for brokerage services that can improve the trading pursuits of Taiwanese traders.

 

FXGT.com is a platform that has recently caught our attention, specifically due to its offerings in the Taiwanese market.

 

FXGT.com, founded in 2017 and headquartered in Cyprus, has quickly gained a strong reputation by focusing on offering traders specialized tools and features.

 

 

The platform differentiates itself by seamlessly integrating forex and cryptocurrency trading, thereby creating a versatile trading environment.

 

The integration allows traders in Taiwan to access a wider range of assets, going beyond the traditional forex options.

We also found that Taiwanese traders can engage in simultaneous transactions involving major currencies such as USD, JPY, CHF (and many more) and prominent cryptocurrencies like Bitcoin, XRP, LTC, etc.

 

FXGT.com stands out among other brokers due to its ability to tailor its services to meet the specific needs of its users, even though many brokers offer a wide range of assets in their portfolios.

 

The platform provides a range of account types, each tailored to meet the specific requirements of traders with different levels of expertise.

 

Furthermore, novice users can take advantage of user-friendly interfaces and a wide range of educational materials, while experienced traders have the opportunity to utilize advanced charting tools.

 

The effectiveness and appeal of FXGT.com are highlighted by its achievements, such as being awarded the title of “Best Hybrid Broker” at the 2022 Ultimate Fintech Awards.

 

Furthermore, we also found that the regulation of the broker by the Financial Sector Conduct Authority (FSCA) of South Africa (Tier-2) and the Cyprus Securities and Exchange Commission (CySEC) in Cyprus (Tier-1) reassures Taiwanese traders regarding the security of their investments and the integrity of the broker’s operations.

 

What is FXGT.com mostly recognized for?

FXGT.com’s strengths include a comprehensive choice of instruments (including cryptocurrency), excellent training tools, and localized deposit/withdrawal alternatives for Taiwanese traders.

 

Is FXGT.com mostly for new or experienced traders?

FXGT.com provides various expertise levels, from a sample account and instructional information for beginners to complex charting tools on MetaTrader platforms for seasoned traders.

FXGT.com At a Glance

👤FXGT.comℹ️ Information
📅Established Year2020
🏛Regulation and LicensesFSCA, CySEC, VFSA, FSA
📈Ease of Use Rating4/5
💸BonusesYes, $30 No-Deposit Bonus, Loyalty Bonus, VPS Sponsorship Program
⌚Support Hours24/7
💻Trading PlatformsMetaTrader 4, MetaTrader 5
🗂️Account TypesMini, Standard+, Pro, ECN
💵Base CurrenciesBTCH, ETH, USDT, ADA, XRP, EUR, USD, ZAR
📈SpreadsFrom 0.0 pips
⬆Leverage1:1000
💷Currency Pairs41; major, minor, exotic pairs
💳Minimum Deposit162 TWD ($5)
💵Inactivity FeeYes
🌐Website LanguagesEnglish, Arabic, Japanese, Thai, Vietnamese, Malay, Turkish
💰Fees and CommissionsSpreads from 0.0 pips, commissions from $6 on Forex, $5 on metals, and 0.1% on crypto
👥Affiliate ProgramYes
❌Banned CountriesUnited States, Russia, Canada, Iran, and North Korea
📈ScalpingYes
📌HedgingYes
🛢Trading InstrumentsForex, cryptocurrencies, synthetic cryptocurrencies, precious metals, energies, indices, stocks, DeFi Tokens, NFTs
👉 Open AccountOpen Account

FXGT.com Regulation and Safety of Funds

FXGT.com security

 

🔎Registered Entity🗾Country of Registration📇Registration Number⚖️Regulatory Entity🔢Tier🪪 License Number/Ref
360 Degrees Markets LtdSeychelles8421720-1FSA3SD019
GT IO Markets (Pty) LtdSouth Africa2015/059344/07FSCA2FSP 48896
GT Global Markets LtdVanuatuVFSC3700601
TEC International (Cyprus) LtdCyprusHE 389575CySEC2382/20

 

👮 Security Measureℹ️ Information
Segregated AccountsYes
Compensation Fund MemberLiability Insurance
Compensation Amount1,000,000 EUR
SSL CertificateYes
2FA (Where Applicable)Yes
Privacy Policy in PlaceYes
Risk Warning ProvidedYes
Negative Balance ProtectionYes
Guaranteed Stop-Loss OrdersNo

 

FXGT.com’ Regulation in Taiwan

FXGT.com is not regulated by Taiwan’s Financial Supervisory Commission (FSC). However, FXGT.com’s global regulations are listed in the table below.

 

Does the FSA regulation provide the same protection as European regulators?

While the FSA offers supervision, its regulatory scope may vary from top-tier European institutions. Consider this while assessing broker safety.

 

How does FXGT.com handle cybersecurity across its platforms?

FXGT.com uses conventional encryption and security methods to secure user data.

FXGT.com Awards and Recognition

FXGT.com awards

 

While evaluating FXGT.com, we checked out the most recent awards that the broker has won. Here’s what we found:

  • FXGT.com was awarded by Brokers View in 2023 for its “Global Trading Conditions.”

  • In 2024, Brokers View awarded FXGT.com as the “Best Global CFD Broker.”

  • FXGT.com won the “Best Global IB/Affiliate Program” award from Brokers View.

FXGT.com Account Types and Features

FXGT.com trading account

Our initial thoughts about FXGT.com were that they have various accounts that are competitively organized and suitable for different types of traders.

 

Below, you’ll find a detailed description of the primary features of each account. After that, we will go into detail about these features and what Taiwanese traders may expect when they start trading with FXGT.com.

 

🔎FeaturesMiniStandard+ProECN
➕➖AvailabilityAll; ideal for beginnersAll; ideal for casual tradersAll; ideal for experienced tradersAll; ideal for scalpers, day, and algorithmic traders
💻MarketsForex
Equity Indices
Precious Metals
Energies
Stocks
Cryptocurrency
GTi12 Index
Forex
Equity Indices
Precious Metals
Energies
Stocks
Cryptocurrency
GTi12 Index
Synthetic Cryptocurrencies
Forex
Equity Indices
Precious Metals
Energies
Stocks
Cryptocurrency
GTi12 Index
Synthetic Cryptocurrencies
DeFi Tokens
NFTsNone; only the spread is charged
Forex
Equity Indices
Precious Metals
Energies
Stocks
GTi12 Index
Synthetic Cryptocurrencies
💰CommissionsNone; only the spread is chargedNone; only the spread is chargedNone; only the spread is chargedFrom 0.1% – $6
🚉PlatformsAllAllAllAll
📊Trade Size0.01 – 500 lots0.01 – 200 lots0.01 – 200 lots0.01 – 200 lots
📉Leverage1:10001:10001:10001:1000
💵Minimum Deposit162 TWD ($5)162 TWD ($5)162 TWD ($5)162 TWD ($5)

 

FXGT.com Mini Account

When we explored the Mini Account, we found a solution perfect for beginners or those who prefer to start with smaller trading volumes. This account also provides an ideal starting point for those venturing into trading for the first time.

 

Furthermore, Taiwanese traders can trade with micro lots, making the trading process easier for beginners and less intimidating for those new to the financial markets.

 

The account has a minimum trade size of 0.01 and a maximum of 100 lots, allowing traders to adjust their trading volumes as they become more comfortable.

 

It also provides leverage up to a ratio of 1:1000, offering significant profit opportunities, although it does come with associated risks.

 

In addition, we found that if you follow Islamic finance principles, you can request a swap-free feature.

 

Finally, trading across various asset classes is supported by the Mini account, which includes foreign exchange (FX) pairs, equity indices, metals, energies, and stocks. There is also the benefit that the Mini Account has a commission rate of $0 and spreads that start from 10 points.

 

FXGT.com Standard+ Account

The Standard+ Account on FXGT.com is tailored to meet the needs of a wide range of traders. It achieves a harmonious blend of user-friendly accessibility and a wide range of advanced functionalities.

 

We discovered that this account type is perfect for individuals who want to broaden their trading activities while minimizing fees.

 

Taiwanese traders can access a large variety of trading instruments across several markets, allowing them to diversify their portfolios and gain broader market exposure.

 

Like the Mini account, the Standard+ account also provides a commission-free structure and spreads starting from 10 points.

 

With leverage of up to 1:1000, traders can confidently take on significant trading positions. The FXGT.com account grants you access to diverse asset classes and includes special bonuses to enrich your trading journey and potentially boost your returns.

 

FXGT.com Pro Account

Next up on our evaluation, we found that the Pro Account on FXGT.com is designed to cater to experienced traders who are looking for the best possible trading conditions.

 

This account type provides commission-free trading and competitive spreads starting at just 5 points. With a maximum trade size and volume limits of 200 lots, this platform is ideal for high-volume traders in Taiwan.

 

The Pro account also emphasizes the importance of rapid trade placements, a critical factor in high-speed trading environments. It provides a significant amount of leverage, up to 1:1000, which can be advantageous for skilled traders who can effectively utilize it in favorable market conditions.

 

Finally, the account allows trading on both the MT4 and MT5 platforms, allowing Taiwanese traders to select their preferred trading software.

 

FXGT.com ECN Account

Finally, on our list, we explored the ECN Account on FXGT.com. Based on the features we found, this account is perfect for traders who appreciate trading conditions that closely reflect the underlying market.

 

Furthermore, this account provides extremely competitive spreads, starting from 0 points, which is highly appealing to traders looking for the best possible spreads, in our experience.

 

However, Taiwanese traders should note that the ECN account applies a commission of up to $6 for both opening and closing trades on all Forex asset classes. We consider this cost reasonable for professional traders who want access to trading conditions specifically designed for their needs.

In addition, with the platform’s leverage of up to 1:1000, Taiwanese traders can trade a wide range of asset classes, including forex pairs, equity indices, metals, energies, and stocks.

 

FXGT.com Demo Account

While investigating the FXGT.com demo account, we discovered a particularly user-friendly platform for Taiwanese traders looking to enhance their trading abilities.

 

An impressive feature of this platform is the unlimited duration of the demo account, which is not commonly found in other online trading platforms.

 

This allows Taiwanese traders to practice their strategies without any sense of urgency comfortably. In addition, the demo account is compatible with both MT4 and MT5 platforms, which are highly regarded for their dependable performance and flexibility in trading.

 

Personalization is essential for an optimal FXGT demo experience. Understanding how capital levels affect trading styles is crucial, as it allows us to adjust our virtual account balance to match different trading scenarios.

 

In addition, the ability to create up to six different demo accounts is convenient for testing multiple strategies at the same time.

 

The online registration process was efficient and user-friendly, and we appreciated the absence of any time constraints.

 

This flexibility is advantageous for Taiwanese traders with different schedules. Experimenting with different risk levels and understanding the impact of leverage on trades was a valuable lesson we learned by adjusting balance and leverage settings.

 

Nevertheless, we must mention that although the demo account is an excellent tool for learning, it fails to replicate the psychological aspects of trading with real funds.

 

It is important to be cautious and avoid developing risky trading habits when transitioning to a live account, as this could result in a false sense of security.

 

Furthermore, we urge Taiwanese traders to be mindful of these limitations and prioritize risk management, even when they trade in a simulated environment.

 

FXGT.com Islamic Account

Upon examining the Islamic account, we found that FXGT.com provides a trading environment that aligns with the principles of Islamic finance.

 

The Islamic account removes swap fees to adhere to the prohibition of Riba (usury) in Islamic law. This ensures that Muslim traders can engage in financial markets while upholding religious principles.

 

Not only does the Islamic account ensure compliance, but it also grants access to a diverse selection of trading instruments found in other account types. This inclusivity enables Muslim traders to expand their portfolios across a wide range of asset classes.

 

Furthermore, the platform continues to stay ahead of the competition by offering tight spreads and reliable trading infrastructure, even without swap fees.

 

The Islamic account provides a harmonious blend of religious obligations and trading aspirations for Taiwanese traders who adhere to Islamic finance principles.

 

Furthermore, we found that FXGT.com has made a considerate decision to meet the varied requirements of its worldwide customers, including the Muslim community in Taiwan.

 

This community has a significant cultural and historical presence, exemplified by landmarks such as the Taichung Mosque.

 

Does FXGT.com provide multi-currency accounts?

Yes. FXGT.com provides many base currencies, allowing Taiwanese traders to choose a suitable option, especially since TWD is not supported.

 

Which FXGT.com account type is ideal for beginners?

With its minimal deposit requirement and spread-only pricing, the Micro account is an excellent starting place for beginning traders.

How To Open a FXGT.com Account

 

FXGT.com account

 

To register an account with FXGT.com, follow these steps:

 

👉 Step 1 – Select Register Now

 

FXGT.com registration

 

  • Visit the FXGT.com website. Once there, click the “Trading” option in the main toolbar, then “Account Comparison”.

  • A page comparing the various account kinds will load. Here, you can take your time reviewing the specifics of each retail account to ensure that you understand the features and benefits it provides.

  • When you are certain about your decision, find and click the “Register” banner beneath the account comparison area.

  •  Click the “Register now” button and wait for the registration form to load.

 

 

👉 Step 2 – Fill in Personal information

 

Register now

 

 

Fill in your Full name and email address. Provide a password and your Country of Residence

 

👉 Step 3 – Verify email address

 

Verify your email

 

Go to your email and click verify

 

Email verification

 

 

After verification

 

👉 Step 4 – More detailed information required

  • Then, complete the rest of the sections with the relevant information (employment, source of income, trading experience, etc.).

  • Before proceeding, read and accept the terms and conditions of trading with FXGT.com.

  • The next stage is identification verification. You’ll need to upload your identity documents according to the platform’s specifications.

  • Submit your application and then wait for FXGT.com to get back to you with feedback. Once approved, you’ll receive your login information and any other details you need to proceed with.

 

👉 Step 5 – Log into your FXGT.com account and fund account

  • Next, to activate your account, you must deposit the minimum required amount. FXGT.com offers a variety of payment ways, so select the most convenient one. Note that FXGT.com doesn’t accept TWD as a deposit or withdrawal currency.

  • Once your account is funded, you can start trading by downloading either of the platforms available with FXGT.com (MetaTrader 4 or 5).

 

How long does the FXGT.com verification procedure generally take?

Verification may be performed in a few business days, although this may vary based on their backlog and how promptly you supply the required papers.

 

Can I edit or change my personal information on FXGT.com after registering?

Yes, you can manage basic account information via your client portal. However, for serious modifications, you must contact FXGT.com support.



Broker Comparison

🔎FeaturesFXGT.comAdmiralsAAAFx
🏛️RegulationFSCA, CySEC, VFSA, FSAFCA, ASIC, CySEC, EFSA, JSC, FSCA, CMAFSCA, HCMC
📊Trading Platform MetaTrader 4
MetaTrader 5
MetaTrader 4
MetaTrader 5
Admirals Mobile App
MetaTrader 4
MetaTrader 5
ZuluTrade
ActTrader
💵Withdrawal FeeNoYesNo
💻Demo AccountYesYesYes
💴Min Deposit162 TWD ($5)808 TWD ($25)3200 TWD ($100)
📌 Leverage1:10001:30 Retail
1:500 Pro
1:500
✏️SpreadFrom 0.0 pipsFrom 0.0 pipsFrom 0.0 pips EUR/USD
💰Commissions $6 on Forex
$5 on Precious Metals
0.1% on Crypto Assets
From $0.02From $1
🤙Margin Call/Stop-Out 50% – 70% (M)
20% – 40% (SO)
100%/50%100%/70%
👉Order ExecutionMarketMarket, ExchangeMarket, Instant
❌💵No-Deposit BonusYesYesNo
🛅Cent AccountsYes, MiniNoNo
🗄️Account TypesMini Account
Standard+ Account
Pro Account
ECN Account
Trade.MT5
Invest.MT5
Zero.MT5
Bets.MT5
Trade.MT4
Zero.MT4
ECN
ECN Plus
ECN Zero
Islamic
⚖️FSC RegulationNoNoNo
💵TWD DepositsNoNoNo
🗄️TWD AccountNoNoNo
🧑‍💻Customer Service Hours24/724/524/5
🏪Retail Investor Accounts464
☪️Islamic AccountYesYesYes
📉Minimum Trade Size0.01 lots0.01 lots0.01 lots
📈Maximum Trade Size200 lots200 lotsUnlimited
⌚Minimum Withdrawal TimeInstantInstantInstant
⌛Maximum Estimated Withdrawal Time1 – 5 Business DaysBetween 3 to 5 working days2 – 3 days
⏱️Instant Deposits and Instant Withdrawals?Yes, BothYesYes

FXGT.com Trading Platforms

FXGT.com platforms

 

Our goal in doing thorough checks on every trading platform offered by FXGT.com was to provide Taiwanese traders with an idea of their trading experience after registration. Explore these platforms’ special features and benefits by continuing to read this article.

 

MetaTrader 4

After thoroughly evaluating the MetaTrader 4 platform on FXGT.com, we discovered that it seamlessly integrates with the broker’s sophisticated trading tools.

 

The platform’s interface was designed to be easily navigable, accommodating traders of all experience levels in Taiwan.

 

Its straightforwardness allowed it to be easily used by diverse individuals. We were amazed by its lightning-fast execution speeds, which are essential in the ever-changing forex market, especially during periods of major market fluctuations.

 

MetaTrader 4 also provides powerful charting capabilities, enabling users to customize charts extensively. We employed a range of technical indicators and graphical tools to enhance our trading strategies, which is particularly beneficial for Taiwanese traders who heavily depend on technical analysis.

 

The security measures on MetaTrader 4 are highly reliable, utilizing state-of-the-art data encryption and secure login procedures. This guarantees the protection of trading activities and personal data, addressing Taiwan’s major concern for digital security.

 

MetaTrader 5

When it comes to MetaTrader 5 (MT5), we discovered that it not only kept the advantages of MT4 but also brought in extra functionalities.

 

Another interesting addition that we believe will benefit Taiwanese traders is the depth of market (DOM), providing real-time visibility into market liquidity, which is crucial for swift decision-making, especially when using scalping and algorithmic trading in volatile markets.

 

Furthermore, we also found that MT5 offers a wider range of chart timeframes and technical indicators compared to MT4, allowing for a more comprehensive analysis of market trends.

 

Finally, the graphical representation of financial instruments is highly advanced, making it easier for traders to understand complex market dynamics.

 

Client Portal

When it comes to the Client Portal on FXGT.com, we discovered that it is highly efficient in account management.

 

The interface is designed to make funding accounts and initiating withdrawals straightforward for Taiwanese traders.

 

We also found the transaction process is incredibly smooth, accommodating a wide range of payment methods favored by Taiwanese traders, such as local bank transfers.

 

In addition, the portal offers a comprehensive overview of trading history and account analytics, letting Taiwanese traders thoroughly analyze their performance and fine-tune their strategies accordingly.

 

Are FXGT.com’s platforms suitable for Taiwanese beginners?

Yes. MT4 is commonly regarded as beginner-friendly, but MT5 has more complex capabilities, making it perhaps more suitable for experienced traders.

 

Do FXGT.com’s systems provide price alerts and automated trading features?

Yes, MetaTrader platforms offer customizable alerts and the creation and deployment of Expert Advisors (EAs) for algorithmic trading.

FXGT.com Trading Instruments & Products

FXGT.com platforms

 

FXGT.com sets itself out by providing unmatched access to developing markets, something that other brokers do not.

 

We were drawn to the large variety of markets that Taiwanese traders could use to diversify their portfolios and find a plethora of lucrative trading prospects. Here’s a brief overview of what’s in store for Taiwanese traders.

 

Forex

FXGT.com provides a wide range of forex currency pairs, encompassing major, minor, and exotic. The leverage can be increased up to a ratio of 1:1000, allowing Taiwanese traders to enhance the effectiveness of their trading strategies.

 

FXGT.com distinguishes itself from Taiwanese traders by providing access to exotic currency pairs. These pairs present distinctive trading opportunities that are not typically available on other platforms. This means Taiwanese traders can explore untapped markets to generate profits.

NFTs

The foray of FXGT.com into the realm of Non-Fungible Tokens (NFTs) is highly captivating. The exact quantity of NFT assets available is not specified.

 

However, by incorporating this contemporary asset category, FXGT.com offers Taiwanese traders a distinctive chance to explore the digital art and collectibles market.

 

Furthermore, by using the FXGT.com infrastructure, Taiwanese traders could greatly take advantage of the increasing excitement and availability of the NFT market.

 

Synthetic Cryptocurrencies

FXGT.com offers a trading platform that allows users to engage in trading activities involving synthetic cryptocurrencies.

 

This enables traders to make speculative investments based on the interaction between cryptocurrency prices and traditional markets like NASDAQ and commodities like Gold.

 

The unique offering presented here enables Taiwanese traders to participate in cryptocurrency by utilizing their expertise in traditional financial markets, resulting in a hybrid trading experience.

 

Precious Metals

The platform offers support for trading in gold and silver, subject to specific conditions determined by real-time pricing.

 

Taiwanese traders can use this option to hedge against currency risk or market volatility by leveraging precious metals’ historical store of value.

 

The distinguishing feature in this case is the ability to use real-time pricing, which guarantees that traders can make decisions based on the most up-to-date market conditions.

 

Stocks

Taiwanese traders are granted access to stocks offered by globally renowned corporations, such as Apple, Google, Netflix, and Amazon, which are prominent companies in the technology industry.

 

The leverage provided by FXGT.com has the potential to greatly enhance the opportunity for generating profit.

 

Taiwanese traders’ access to this platform enables direct investment in global companies and offers traders the chance to benefit from various international market trends and corporate developments.

 

DeFi Tokens

The platform’s incorporation of DeFi (Decentralized Finance) tokens demonstrates its proactive stance towards financial technology.

 

Taiwanese traders have the opportunity to participate in the trading of these innovative tokens on FXGT.com. Furthermore, FXGT.com provides access to advanced financial services and products that are causing significant changes in the traditional banking and finance industry.

 

Energies

FXGT.com allows Taiwanese traders to speculate on energy markets, which are frequently impacted by geopolitical events and shifts in global demand.

 

The distinguishing characteristic of this platform is its capability to facilitate trading commodities as Contracts for Difference (CFDs). This enables Taiwanese traders to engage in speculative trading based on price fluctuations without the requirement of owning the underlying physical asset.

 

Cryptocurrencies

With FXGT.com, Taiwanese traders can access a diverse selection of cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin, that can be traded against major currencies like USD and EUR.

 

Furthermore, we found that the continuous availability of trading 24/7 is a notable benefit for traders in Taiwan, as it lets them quickly respond to market fluctuations without being restricted by conventional market hours.

 

Indices

Multiple equity indices can be traded with FXGT.com, such as US30, AUD200, UK100, and US500. Taiwanese traders gain access to a wide range of the global equity market using a single platform.

 

In our experience, indices trading enables individuals to speculate about the general trend of stock markets without the tedious process of choosing individual stocks, which can be complex and overwhelming for beginners.

 

We believe the provision of indices simplifies the trading procedure while providing the opportunity to benefit from significant market fluctuations.

 

Does FXGT.com provide trading in cryptocurrency for Taiwan

Yes, FXGT.com gives Senegal traders access to numerous cryptocurrencies, including Bitcoin, Ethereum, Ripple, and others, allowing them to participate in the burgeoning digital asset market.

 

Can Taiwan traders access DeFi tokens on FXGT.com?

Yes, FXGT.com gives Senegal traders a range of DeFi (Decentralized Finance) tokens, enabling them to study new trends in the decentralized financial ecosystem and perhaps capitalize on breakthrough blockchain ventures.

FXGT.com Leverage and Margin

Leverage & Margin

 

As part of our analysis of FXGT.com, we paid special attention to the platform’s handling of leverage and margin for Taiwanese traders. Leverage on FXGT.com changes from one financial instrument to another.

 

For instance, our investigation into their forex services revealed that, for some currency pairings, leverage ratios can reach 1:1000.

 

Also, make sure you understand the margin requirements. Opening and maintaining a leveraged position requires collateral, referred to as margin.

 

The margin is proportional to the available leverage on FXGT.com. Leverage of 1:1000 requires a margin percentage of 0.1%. We thought this was really competitive as it let traders open larger positions with relatively low capital.

 

However, while this all seems extremely exciting, traders from Taiwan must exercise extreme caution when dealing with leverage of this magnitude.

 

Although it can enhance possible returns, it also increases the degree of risk. Our research shows that FXGT.com provides resources to help traders mitigate this risk, including margin calculators and stop-out thresholds to avoid negative account balances.

 

Traders from Taiwan can tailor their trading strategies to their risk tolerance and available cash, thanks to FXGT.com’s flexible leverage and margin options.

 

Traders who want to traverse the markets successfully should be able to modify their leverage and margin requirements considering possible economic swings in the region, which changes in domestic policy or international trade connections can impact.

 

What main currency pairings does FXGT.com provide for trading?

Expect FXGT.com to provide attractive spreads on all major currency pairings (EUR/USD, GBP/USD, USD/JPY, etc.).

 

Does FXGT.com provide CFD trading for precious metals?

FXGT.com’s CFD services include precious metals such as gold, silver, and platinum.

FXGT.com Spreads and Fees

FXGT.com Spreads and Fees

 

FXGT.com Fees

We appreciate when brokers provide clear trading and non-trading fees on the website. To save Taiwanese traders the effort of sifting through these, keep reading to see the typical trading and non-trading fees that traders could expect from FXGT.com.

 

FXGT.com Spreads

During our analysis of FXGT.com, we observed that the broker provides competitive spreads across its different account types.

 

This feature can potentially impact trading costs for traders from Taiwan greatly. The Pro account offers spreads starting at 0.5 pips or 5 points on major currency pairs such as EUR/USD.

 

This is especially beneficial for traders who want to reduce expenses on trades with large volumes.

 

Next, the ECN account is designed for individuals who desire a trading environment that closely replicates market conditions.

 

This account provides raw spreads that begin at 0.0 pips. However, Taiwanese traders must note that this account does involve a commission.

 

Finally, the Standard+ and Mini accounts offer spreads starting at 1.0 pip or 10 points. This provides a cost-effective entry into forex trading for both novice and casual traders.

 

FXGT.com Commissions

The commission structures of FXGT.com differ based on the type of account. The Pro account offers the advantage of zero commission, making it an ideal choice for traders who frequently engage in high-volume trades and value predictable costs.

 

In contrast, the ECN account applies a commission of $6 per lot for FX pairs and $5 per lot for precious metals. This commission is justified by the ultra-tight spreads, which start from 0.0 pips.

 

We found that this structure is well-suited for individuals who possess expertise in trading and can utilize these conditions to achieve improved market execution.

 

FXGT.com Overnight Fees

Another crucial aspect that we’ve analyzed (one that traders often forget) is the concept of overnight fees. FXGT.com offers a distinctive feature that grants swap-free trading on all assets during the initial 6 days.

 

This feature is especially advantageous for traders who keep positions open for extended periods but want to avoid incurring fees during the initial phase.

 

Furthermore, we found that the swap fees for other accounts are subject to variation based on the specific asset and the length of time the position is maintained.

 

Overall, the flexibility provided enables Taiwanese traders to strategically plan their trades by considering the associated costs over some time.

 

FXGT.com Deposit and Withdrawal Fees

FXGT.com offers a notable advantage to Taiwanese traders by not charging any fees for deposits or withdrawals.

 

The purpose of this policy is to allow traders to effectively manage their funds without being concerned about any additional expenses that may reduce their trading profits.

 

FXGT.com Inactivity Fees

FXGT.com imposes a monthly inactivity fee of $10 on dormant accounts. The fee is imposed on accounts that have remained inactive in terms of trading for a prolonged duration.

 

FXGT.com Currency Conversion Fees

Finally, currency conversion fees are applicable when traders use a currency other than their deposit currency to operate their accounts.

 

FXGT.com does not provide explicit information regarding the currency conversion fees on their website.

However, it is common for such fees to be calculated as a small percentage of the transaction amount.

 

In our experience, this information is especially pertinent to Taiwanese traders who engage in trading activities involving currencies other than the New Taiwan Dollar.

 

How often does FXGT.com adjust its cost structure?

Major fee adjustments are unusual, but FXGT.com maintains the right to make them. Regularly check their website for updates.

 

Can I use internet tools to compare the costs of FXGT.com to those of other brokers?

Yes, various websites provide charge comparison tools designed exclusively for forex and CFD brokers.

FXGT.com Deposit & Withdrawal Options

FXGT.com Deposists and Withdrawls

 

We found that the deposit and withdrawal facilities offered by FXGT.com are extremely satisfactory, especially those allowing immediate access to funds.

 

Furthermore, FXGT.com offers adaptable and multi-currency payment options to address the potential challenge faced by Taiwanese traders who can’t deposit or withdraw in TWD.

 

💰Payment Method🗾 Country💱Currencies Accepted⏰Processing Time
Debit CardAllUSD, EUR, ZARInstant – 5 days
Credit CardAllUSD, EUR, ZARInstant – 5 days
CryptocurrenciesAllBTC, ETH, XRP, ADA, USDT ERC20, USDT TRC201 minute – 48 hours
SticpayAllEUR, USDInstant – 48 hours
NetellerAllEUR, USD, ZARInstant
SkrillAllUSD, ZARInstant
Online NairaNigeriaEUR, USDInstant
Perfect MoneyAllEUR, USDInstant
Local BanksAllEUR, USD, ZAR, etc.Instant
ZotaPayAllUSDInstant
FasaPayAllUSDInstant

 

FXGT.com 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’ from the available options.

  • Enter the deposit amount in your account currency.

  • You will get the banking information to conduct the transfer. Take note of the FXGT.com bank information when it’s provided on-screen.

  • Use the FXGT.com banking credentials provided to initiate a wire transfer from your bank online or in person.

  • FXGT.com requires that you upload evidence of transfer in the form of a bank receipt or a snapshot from your online banking account for verification.

  • Funds will typically reflect in your trading account within 2 to 5 business days.

 

How to Deposit using Credit or Debit Card Step by Step

  • Sign in to your FXGT.com account and select the ‘Deposit’ option.

  • Select ‘Credit/Debit Card’ as your deposit method.

  • Provide the card number, expiration date, and CVV code.

  • Enter the amount you want to deposit, then confirm the transaction.

  • The deposit should be handled immediately, but it could take up to 5 days, depending on your bank’s restrictions.

 

How to Deposit using Cryptocurrency Step by Step

  • Access your FXGT.com account and click ‘Deposit.’

  • Select the ‘Cryptocurrency’ option.

  • Choose the cryptocurrency you wish to deposit (such as BTC, ETH, or USDT).

  • Copy the unique deposit URL or scan the QR code supplied by FXGT.com.

  • Go to your personal cryptocurrency wallet, transfer to the copied address, and then confirm the transaction.

  • Your deposit will normally be processed within minutes. However, depending on the network, it could take up to 48 hours.

 

How to Deposit using e-Wallets or Payment Gateways Step by Step

  • Log in to your FXGT.com trading account and go to ‘Deposit.’

  • Choose your preferred e-wallet or payment gateway (such as Sticpay, Neteller, or Skrill).

  • After entering the deposit amount, you will be redirected to the login page for your e-wallet.

  • Log into your e-wallet and confirm the payment information.

  • Complete the transaction, and the deposit should be reflected in your trading account shortly after.

 

FXGT.com Withdrawals

How to Withdraw using Bank Wire Step by Step

  • Enter your FXGT.com account and navigate to the ‘Withdrawals’ area.

  • Select ‘Bank Wire Transfer’ as your withdrawal option.

  • Complete the withdrawal form with your bank details.

  • Provide your withdrawal amount and currency.

  • Submit the withdrawal request. The funds will typically be received within 2 to 5 business days.

 

How to Withdraw using Credit or Debit Cards Step by Step

  • Go to the ‘Withdrawal’ tab in your FXGT.com account.

  • Choose the ‘Credit/Debit Card’ withdrawal option.

  • Provide the amount you wish to withdraw.

  • Confirm your card information and submit the request.

  • The withdrawal procedure can be quick or take up to 5 days, depending on the card issuer’s processing schedule.

 

How to Withdraw using Cryptocurrency Step by Step

  • Access the ‘Withdrawal’ section of your FXGT.com dashboard.

  • Choose ‘Cryptocurrency’ and then choose the type of cryptocurrency you want to withdraw.

  • Enter your external wallet address and withdrawal amount.

  • Confirm the transaction details and ensure the wallet address is valid to avoid losing funds.

  • Submit the request, and the withdrawal should be processed instantly. However, it could often take up to 48 hours, depending on network traffic.

 

How to Withdraw using e-Wallets or Payment Gateways Step by Step

  • After logging into your FXGT.com account, select ‘Withdrawal’.

  • Select your favorite eWallet or payment gateway.

  • After entering the withdrawal amount, you will be redirected to the e-Wallet platform to finalize the transaction.

  • Log in to your e-wallet and approve the withdrawal.

  • Withdrawals from e-wallets are often immediate, simplifying the procedure and providing quick access to funds.

 

Can someone else deposit into my FXGT.com account on my behalf?

FXGT.com restricts third-party deposits for anti-money laundering purposes.

 

Does FXGT.com charge for withdrawals?

No, FXGT.com waives withdrawal costs.

FXGT.com Educational Resources

 

FXGT.com is highly proficient in providing educational content, trading assistance, and resources. We’ve evaluated these tools to give Taiwanese traders a glance at what they can expect when they sign up with FXGT.com.

 

Economic Calendar

FXGT’s detailed economic calendar is a valuable resource for traders in Taiwan, providing timely updates on significant global economic events, including those relevant to Taiwan.

 

This feature is crucial for traders to anticipate market movements in response to important news like interest rate changes, trade statistics, and significant political developments. Furthermore, we believe it can potentially give them a competitive edge.

 

MQL5 Signals

Integrating MQL5 Signals with the MetaTrader platform is a remarkable feature for Taiwanese traders, allowing them to utilize collective trading intelligence.

 

By studying the methods of experienced traders, users can either imitate successful trading approaches or gain valuable insights to improve their own strategies. This is particularly advantageous for traders who are in the midst of honing their trading strategies.

 

Trader Insights

FXGT’s “Trader Insights” provides a blog-style platform that is packed with market analyses and trading suggestions that are highly informative.

 

We believe this resource is perfect for Taiwanese traders who want to enhance their knowledge of current market dynamics, important technical indicators, and potential trading opportunities across various asset classes.

 

Demo Account

Reiterating the importance of the demo account, as previously mentioned, is crucial due to its educational advantages.

 

Furthermore, it offers Taiwanese traders, especially beginners, a practical way to put their theoretical knowledge into practice without any risk. This helps them get familiar with the platform, order execution, and the unique trading conditions provided by FXGT.

 

Glossary

We appreciate this resource immensely and believe it can really help Taiwanese traders, especially those new to trading.

 

FXGT’s glossary is an invaluable reference tool that explains intricate trading terminology immediately. Overall, it’s essential for improving comprehension and making the educational journey more seamless.

 

Market Analysis

FXGT’s market analysis reports are tailored to cater to the needs of Taiwanese traders, focusing on market trends relevant to the region.

 

Performing these analyses is essential for traders who want to stay well-informed about the potential opportunities or risks arising from Taiwan’s economic situation and its connection to the global market.

 

FAQs

The FAQ section on FXGT’s website is exceptional in terms of clarity and comprehensiveness. It provides quick and effective solutions to commonly asked questions about trading, platform functionalities, and account management.

 

This feature is especially helpful for novice traders in Taiwan who may need assistance during the initial phases of their trading journey.

 

eBooks

Finally, FXGT’s collection of eBooks offers a comprehensive exploration of different trading concepts and strategies, allowing Taiwanese traders to enhance their understanding at their own convenience.

 

These eBooks provide a valuable addition to the dynamic content found in blogs, offering a structured educational approach to improve traders’ foundational knowledge.

 

Where do FXGT.com’s market analysis and research information come from?

FXGT.com has an in-house analytic team and also includes information from other reputable sources.

 

Does FXGT.com provide trading signals or recommendations?

Yes. FXGT.com integrates with MetaTrader’s MQL5 marketplace, where Taiwanese traders can obtain free and premium trading signals.

FXGT.com Bonuses and Promotions

FXGT.com bonusses

 

FXGT.com surprised us with its range of bonuses. With FXGT.com, Taiwanese traders can start trading with a handy 30 USD no-deposit bonus. Furthermore, FXGT.com also offers a VPS program and a 25% unlimited loyalty bonus. Let’s explore each of these bonuses in more detail.

 

$30 No-Deposit Bonus

We’ve found that an alluring chance for Taiwanese traders to dive into trading without making an initial commitment is the $30 No-Deposit Bonus.

 

When you finish registering, this bonus is automatically added to your trading account so you can start trading immediately.

 

This is a great opportunity to learn about FXGT.com’s platform, how it works, and market dynamics without taking any risks.

 

However, we urge traders to remember that this incentive comes with its own set of rules and limitations. Typically, a common rule is that to withdraw your winnings, you must achieve specific requirements, such as attaining a particular volume objective or completing a certain number of deals.

 

25% Unlimited Loyalty Bonus

For traders from Taiwan who keep funding their accounts, there is a recurring benefit called the 25% Unlimited Loyalty Bonus. You may increase your trading capital by 25% of the deposit amount with this incentive, which is accessible with every deposit, unlike one-time bonuses.

 

It works effectively for traders who often add money to their accounts to keep trading or increase their market exposure.

 

In our experience, the goal of enforcing regulations such as minimum transaction volume requirements is to encourage trading and discourage the abuse of the bonus system to maintain fair use.

 

VPS Sponsorship Program

Finally, the VPS Sponsorship Program highlights FXGT.com’s dedication to offering state-of-the-art technology to traders in Taiwan. This Virtual Private Server (VPS) is designed specifically for those who use automated trading systems or algorithms.

 

In addition, it guarantees smooth platform functioning with low latency. Traders who want consistency and quickness to take advantage of market opportunities, especially during times of market volatility or major economic events, find the VPS crucial.

 

Furthermore, to be sponsored by a virtual private server, you must achieve certain requirements, such as having a certain amount in your account and reaching certain trade volumes.

 

Overall, we found that FXGT.com clearly shows its commitment to providing serious traders with the resources they need to take their strategies from theory to practice using this promotion.

 

Does FXGT.com provide any welcome incentives for new Taiwanese customers?

Yes, FXGT.com offers a 30 USD no-deposit bonus to welcome traders who’ve registered an account for the first time.

 

Are there any limitations and conditions to FXGT.com’s bonuses?

Yes, all bonuses have specified terms. Taiwanese traders must pay attention to the trading volume limitations, bonus expiry dates, and any restrictions on withdrawing bonus profits.

FXGT Affiliate Programs

FXGT.com Affiliate programs

 

Thus far, we’ve covered a lot on FXGT.com, which should indicate why FXGT.com would be an ideal broker for those who want to earn by referring other traders to the site. The section below delves into the FXGT.com affiliate program and how Taiwanese traders can sign up.

 

Features

After conducting a comprehensive analysis of FXGT.com’s affiliate program, we were truly impressed by its robust commission structure.

 

This feature is notable as it enables affiliates to earn up to $12 per lot on trades made by clients they refer. Due to their active trading habits, Taiwanese traders are drawn to this tiered system.

 

The program seems to be meticulously designed with scalability in mind, providing unlimited commissions to incentivize the growth of a vibrant trading community.

 

As seasoned reviewers, we were particularly drawn to the program’s flexibility and ability to be customized.

 

FXGT.com’s ability to customize partnership experiences for each affiliate demonstrates a strong grasp of their unique requirements. Partners can access personalized marketing tools and materials that attract and retain traders.

 

We found that the pay-out process is exceptionally seamless. Partners can enjoy the convenience they need with the option to receive daily payments and choose between fiat and cryptocurrency withdrawals.

 

This is particularly beneficial in Taiwan, known for its advanced digital economy and diverse payment preferences.

 

The exceptional support from knowledgeable affiliate managers and 24/7 customer service in multiple languages greatly enhanced our overall experience. This level of support is extremely valuable for Taiwanese partners who prioritize efficiency and accessibility in their operations.

 

FXGT.com offers a diverse selection of trading instruments that are highly favored by traders, giving clients of Taiwanese partners a significant competitive edge.

 

This wide range of options appeals to different trading preferences and showcases the expertise of the Taiwanese trading community, which frequently aims for a varied collection of assets.

 

Our experience with FXGT.com’s partnership process was smooth and educational. Every process step, from registration to discussions with Affiliate Managers and generating referral links, was incredibly easy to navigate and user-friendly.

 

Overall, our analysis suggests that the affiliate program offered by FXGT.com is thoughtfully designed to prioritize the success of its partners. It provides Taiwanese traders with a wide range of features that can greatly improve their trading and earning potential.

 

How to Register an Affiliate Account with FXGT.com Step-by-Step

  • Visiting the FXGT.com website is the first step in registering as an affiliate. Once you’re on the website, you’ll easily find the “Partners” option in the top menu bar. It’s conveniently placed next to the “Research & Education” section for quick access.

  • To access the dedicated partnership page, simply click on the “Partners” option. This page aims to offer potential affiliates comprehensive information about the features, benefits, and opportunities provided by FXGT.com to its partners. To ensure they get the best from their FXGT.com partnership, Taiwanese traders must carefully examine this information to grasp the value proposition of the affiliate program.

  • Once you’ve carefully examined the available information and decided, you’ll come across a “Register” banner on the partnership page. To begin the affiliate account registration process, click on the banner.

  • The registration process will involve completing an application form. For this form, FXGT.com would need some personal information. This includes your full name, contact details, preferred language, and any other relevant data that is necessary for setting up an affiliate account.

  • After submitting the form, you must verify your account. An email verification link will be sent to the address you provided for this purpose. Once you click this link, you can verify your identity and proof of residence before moving forward to the next stage.

  • Once the necessary verification is complete, an Affiliate Manager will reach out to you. They will discuss the partnership program that would be best for your needs and customize your affiliate experience. In our experience as reviewers, ensuring you customize the affiliate program to align with your specific objectives is extremely important.

  • In the next phase, you’ll be able to generate referral links using your affiliate account dashboard. These links can be used to direct clients to FXGT.com, allowing you to keep track of the clients you bring to the platform.

  • Once your referred clients start trading, you can start earning commissions based on their trading activity. It is important to carefully review the commission structure details during the initial information gathering and discussion with the Affiliate Manager.

  • Commissions earned can be conveniently withdrawn and received through FXGT.com’s payment protocols, offering the flexibility of daily withdrawals and the choice between fiat and cryptocurrency payments.

 

Do I need a substantial social media following to be an FXGT.com affiliate?

Not necessarily. While a decent following might be advantageous, FXGT.com provides multiple partner levels that suit smaller-scale affiliates.

 

Do I need to have an FXGT.com trading account to become an affiliate?

It is useful but not necessarily required. However, you must sign up as an affiliate on the FXGT.com website.

FXGT.com Customer Support

 

FXGT.com Customer support

 

A benefit of FXGT.com’s customer support, apart from being professional and responsive, is that it is available 24/7. We list the basic details to evaluate FXGT.com’s customer support and determine how quickly the broker responds.

 

🖳Customer SupportFXGT.com Customer Support
🕰️Operating Hours24/7
🎗️Support LanguagesMultilingual
💬Live ChatYes
📧Email Addresssupport@fxgt.com
☎️Telephonic SupportYes
📱The overall quality of XM Support5/5
👉 Open AccountOpen Account

 

🖳Support ChannelAverage Response TimeUser-based Response Time
☎️Phone2 – 5 minutes4 – 6 minutes
📧Email 24 hoursSame-day
💬Live Chat5 minutes3 – 4 minutes
📱Social Media5 minutes5 minutes
🧑‍🤝‍🧑Affiliate24 – 48 hours24 – 48 hours
👉 Open AccountOpen Account

 

Does FXGT.com provide help for account-related concerns like deposits and withdrawals?

Yes, FXGT.com’s customer support is your main point of contact for account-related inquiries and transactions.

 

Does FXGT.com have a good reputation for customer support?

Yes, from what we’ve seen in our review and by consulting other sources, FXGT.com is often praised for its customer support quality and responsiveness.

FXGT.com Social Responsibility

Our analysis of FXGT.com included a comprehensive review of the broker’s CSR practices. Corporate social responsibility (CSR) demonstrates a company’s commitment to doing the right thing for society and its employees.

 

We looked into FXGT.com’s CSR initiatives by exploring the site, scouring the accessible resources, and searching public records.

 

To our surprise, FXGT.com does not explicitly reference its current CSR programs on its website. The broker may not publicly disclose their CSR initiatives at the moment, or it could indicate that they do not have any specific projects in the works.

 

In our experience, corporate social responsibility (CSR) encompasses a broad variety of initiatives, from environmental protection to social welfare programs, and it reveals the values held by a firm beyond maximizing profits.

 

Although we were unable to locate any direct CSR information, we can infer that FXGT.com is dedicated to responsible trading, given its status as a regulated broker dealing in various assets.

 

Even if they aren’t publicly mentioning their CSR initiatives, they might be part of projects that help the local community and the environment.

 

Sustainable and ethical business practices are critical to many respectable companies’ public perception and financial performance. Therefore, although behind closed doors, FXGT.com might still strive to be socially responsible.

User Comments

✅The company assigns a trader who teaches and guides you in trading as we are new here.

✅They have patience and give clear explanations of all your questions.

✅We especially like the fact that they are not fast and move at our pace.

✅We applaud the fact that they responded quickly when we sent them an email, eg yesterday we sent a message in the morning telling them that we were free in the afternoon, and soon after we got home they called us. 

10 Best Forex Brokers in Taiwan

#1

$10

Minimum Deposit

#2

$100

Minimum Deposit

#3

$100

Minimum Deposit

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#1

Read Review

CySEC, FSA, FCA, FSC, FSCA, CMA

$10

#2

Read Review

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

$100

#3

Read Review

CySEC, ASIC, FSCA

$100

#4

Read Review

FSA, CySEC, FSCA, FSC

$1

#5

Read Review

FSC, DFSA, CySEC, ASIC, CMA

$5

#6

Read Review

CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine

$0

#7

Read Review

FSCA, FSC, FSA

$10

#8

Read Review

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

$10

#9

Read Review

FSCA, FSA

$5

#10

Read Review

SVGFSA

$5

#4

$1

Minimum Deposit

#5

$0

Minimum Deposit

#6

$5

Minimum Deposit

#7

$10

Minimum Deposit

#8

$10

Minimum Deposit

#9

$5

Minimum Deposit

#10

$5

Minimum Deposit

Conclusion

Overall, FXGT.com is a broker that caters to the requirements of the Taiwanese trading community, providing a range of offerings that are well-suited to their needs.

 

Based on our expertise, the platform’s affiliate program is highly robust and offers the opportunity to earn substantial commissions.

 

This feature is particularly attractive to individuals who want to maximize their networks for additional income. Traders appreciate the versatility of the tiered commission structure and the ability to trade in multiple asset classes, which allows them to diversify their investment strategies.

 

However, Taiwanese traders should consider some significant limitations. Not being able to create an account or make transactions in the native New Taiwan Dollar (TWD) can be a limitation, resulting in currency conversion fees and a disconnection from the local economic environment.

 

In addition, our analysis suggests that the educational resources provided by FXGT.com might not be as extensive as those offered by competitors. This could potentially lead Taiwanese traders to seek more comprehensive learning tools from other sources.

 

Regulatory considerations are crucial when evaluating the suitability of a broker. Traders who value strict regulatory compliance and investor protections might have concerns about FXGT.com’s limited regulations within Taiwan and the absence of diverse Tier-1 regulatory oversight.

 

When considering these factors, we urge Taiwanese traders to carefully evaluate the advantages and disadvantages of FXGT.com’s trading environment, including currency limitations, educational resources, and regulatory stature.

 

Before deciding if FXGT.com is the right platform for you, it’s important to carefully evaluate these factors and consider how they align with your trading objectives and risk management criteria.

 

Despite our identified limitations and drawbacks, FXGT.com can still be a suitable broker for many Taiwanese traders given its flexible accounts, range of instruments (including NFTs, DeFi, Synthetic Crypto, etc.), powerful platforms, and lucrative affiliate program.

Our Insight

CMTrading provides a easy-to-use platform for trading stocks, indices, and cryptocurrencies. Their customer support is outstanding in terms of service. Their emphasis on education and mobile apps is appealing to new traders, although active traders may be put off by potentially higher fees.

 

Our Recommendations 

  • More customization possibilities in trading tools and platform interfaces could appeal to South African traders’ preferences.

 

  • Integrating more complex analytical tools and algorithms may appeal to experienced traders who make trading decisions based on comprehensive data analysis.

 

  • Increasing the number of cryptocurrencies available for trading may attract a broader spectrum of traders interested in this expanding industry.

 

  • Simplifying and expediting the withdrawal process will improve the overall user experience and make the platform more appealing to traders who value rapid financial transactions.

 

  • Introduce more advanced educational information, such as in-depth research, complex trading tactics, and market insights applicable to South African and global markets.

FXGT.com Pros and Cons

✅Pros❌Cons
There are several bonuses for Taiwanese traders from the moment they sign upThere are limitations on the currencies that traders can use to deposit and withdraw funds without support for TWD
Traders can earn commissions up to $12 through the FXGT.com affiliate programTraders cannot register a TWD-denominated account
There is dedicated support available 24/7 with FXGT.comFXGT.com lacks Tier-1 regulations from entities like ASIC or FCA
Traders can conduct transactions in cryptocurrencies and major fiat currenciesFXGT.com does not offer local CFDs from Taiwan

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Frequently Asked Questions

 

Does FXGT.com provide trading accounts, particularly for Taiwanese residents?

Yes, FXGT.com welcomes Taiwanese traders and provides accounts that are tailored to their needs despite not supporting TWD as a base account currency.



Is FXGT.com compatible with Taiwanese financial regulations?

No. FXGT.com operates within its regulatory framework with FSCA, CySEC, VFSA, and FSA licenses. However, Taiwanese traders should be aware that it does not have a specific regulatory status in Taiwan.



How does FXGT.com cater to the educational needs of Taiwanese traders?

FXGT.com offers a few tools, but Taiwanese traders might need to consult more detailed resources to ensure they have the knowledge they need to navigate volatile markets.



Does FXGT.com have a physical office in Taiwan?

No. FXGT.com’s headquarters are in Cyprus, offering internet trading services worldwide, including Taiwan. While there is no physical office in Taiwan, FXGT.com’s customer support team is always there to help Taiwanese traders with any questions.



How do I make deposits and withdrawals on FXGT.com as a Taiwanese trader?

FXGT.com provides convenient deposit and withdrawal options, including credit/debit cards, popular e-wallets, and bank transfers.



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