Yes, FXGT offers 5 different account types. Each account type offers different asset classes and different trading conditions. Please refer to the ‘Account Comparison Table’ page and/or the ‘Instruments & Trading Conditions’ section of our website for details.

We offer variable spreads, meaning that they fluctuate, typically within a range depending on market conditions. However,  during volatile markets, macroeconomic news releases and weekend gaps, spreads might widen more than usual which solely depends on our liquidity providers. FXGT has no control over this. To see our typical (average) spreads, please click on the “Trading” tab on our web page menu and select each asset class.

We offer 6 Asset Classes (ForexPrecious MetalsEnergiesEquity IndicesStocks) with more than 120 instruments, accessible to all clients. For more details, please click on the “Trading” tab on our web page menu to see all trading pairs.

There are no commissions on the Mini, Standard FX, Standard+ and PRO accounts.
Only the ECN account is subject to commission charges. Commission charges can be viewed under the ECN account in the ‘Instruments and Trading Conditions’ section of our website.

There are no limitations to starting your trading journey.

No. We provide negative balance protection, meaning that you can only lose the amount you deposited. In the case that your trading account has a negative balance due to credit/bonus, it will automatically reset back to 0 once you have no more open positions.

Our promotions allow you to utilize bonuses, as they are a part of your Equity and can be used for trading. It is therefore possible to lose your bonus, and you are not required to refund it.

No, it is not possible the change your trading account’s base currency. However, you can open an additional trading account through your secure area (Clients’ Portal) and select the base currency of your preference.

You can easily change your trading account password within your secure area (Clients’ Portal) by clicking on the ‘Trading Accounts’ tab menu. This is very helpful if you have forgotten your password, or you just want to change it. Please follow the steps below:

1. Go to the Trading Account for which you would like to reset your password.
2. In the Actions drop down list, select Change Password.
3. Enter your new password and submit.
4. Once you complete point 3, you will receive an email requesting you to confirm the request. Click on the confirmation button and your password will be changed.

A rollover is an interest rate that is charged to your trading account at the end of each trading day. The value of rollovers/swaps depends on the instrument that the client is trading, whether a position is long or short and on general interest rates.

No. If you close your position before the scheduled time, your position is not subjected to a rollover or financing fee.

For ForexEnergies and Stocks, swaps are applied every day at 23:59 GMT+3 Server Time, excluding Saturday and Sunday which is why Swaps are tripled on Wednesdays before the weekend.
Metals swaps are charged between Monday and Friday at 23:59 GMT+3, with triple swap charge on Wednesday. No swap charges for XAUUSD.
Equity Indices swaps are charged after 3 days with triple swap charge on Friday.

The usual value date for Forex pairs is 2 days ahead. Therefore, a position that is held open on Wednesday has a value date on Saturday. As trading is closed on Saturdays and Sundays triple rollover/swap fees must apply to compensate for the weekend. This applies for Metals and Energies pairs and Stocks too. The same applies for Indices pairs but these are charged on Fridays.

For ForexMetalsand Energies:
[Lot Size x Contract Size x Point Size x Swap Points x Base Currency/Account Currency Exchange Rate]

For Equity Indices and Stocks:
[Lot Size x Contract Size x Swap Percentage x Base Currency Exchange Rate to Account Currency] / 360
Lot Size = Number of Lots you hold on a pair
Contract Size = Number of contracts in 1 lot (i.e USOil is 100)
Point Size = Number of digits the pair has, expressed in decimal points (i.e USOil is 0.01)
Swap Points = The swap rate in points
Base Currency = The symbol currency (i.e USOil is USD)
Account Currency = Your account currency

To view examples, please click on the ‘Trading’ tab on our website menu, and select the asset class.

You can check swap rates within your trading terminal by right clicking on a trading pair on the Market Watch window and selecting a specification. A new window will open with all specifications of the instrument, including swap long and swap short.

Hedging is allowed at FXGT as long as it is within the same trading account.

ForexIndices and CommoditiesMetalsand Energies and Shares are available 24/5. Please visit fxgt.com and click the ‘Trading’ menu tab for information on trading hours related to specific assets.

Our server time zone is GMT+3.

Our trading server is located in London (UK).

We do not offer the MT4 platform.

We offer Market Execution for all trading pairs, meaning that orders will be routed to our execution venues (liquidity providers) for price confirmation and returned back to you at the best available market price.

Our average speed of execution is 120 milliseconds from the moment your order reaches our trading server. However, you might experience additional delays over which we have no control, due to the fact that your trading terminal/platform executes orders from a place that is far away from our trading server. If speed of execution is very important for your trading strategy, we advise you to use a VPS (virtual private server) that is located in London (UK).

We do not provide API trading.

The company has robust technology in place to fast route orders for execution in milliseconds. In some instances you will receive the requested price, however, during volatile and rapid market movements and important news releases, orders might be executed at a better or a worse price, known as positive or negative slippage.

A lot represents the volume / contract size of a symbol that you would like to buy or sell which also varies per account type and asset class.

EXAMPLES:

1 standard lot on USDJPY is equivalent to 100,000 USD.
1 mini lot on USDJPY is equivalent to 10,000 USD.
Some instruments have other specific values for lots:
i.e. 1 Standard lot on XAUUSD (Gold) is 100 Ounces or 100 contracts.
For more details on how much a Lot is equivalent to as per your account type, please refer to the ‘Instruments & Trading Conditions’ section per asset class under the ‘Trading’ section of our website.

Lot sizes can also be viewed directly from your platform by right clicking on a specific Symbol of your choice and selecting ‘Specification’.

Yes, we allow News Trading.

Yes, we allow scalping.

Yes, hedging is allowed as long as it is within the same trading account.

We offer leverages between 1:5 – 1:1000 or Margin Requirements of 20% – 0.1%.

Please note that leverage varies between instruments, and it is dynamically adjusted based on the USD Volume. For more details, please go to the ‘Trading’ tab under the main menu and select the asset class for which you wish to check margin requirements.

Leverage is the ratio between the amount of money you really have and the amount of money you can trade, which is usually expressed as 1:X. It is a multiplication of your Equity that allows you to open bigger trading positions.

Margin is the required amount for opening or maintaining a position, and it’s usually expressed in percentage terms.

For example, a position of 0.01 Lot on XAUUSD at 1700.00 has a maximum leverage of 1:100, therefore the required margin would be 17 USD or 1% of one contract XAUUSD.

For Forex Pairs, it is calculated as follows:
Lot Size * Contract Size / Leverage or * Margin %. The result is always in the instrument’s currency.

For Metals, Energies, Equity Indices and Stocks it is calculated as follows:
Lot Size * Contract Size * Opening Price / Leverage or * Margin %. The result is always in the instrument’s currency.

Please note that dynamic leverage applies for all instruments. This means you must calculate each tier separately and sum up the results. For your convenience, please check our Dynamic Leverage Margin Calculator.

Margin Level is the ratio between Equity and used Margin and is calculated as follows:

Margin Level = (Equity/Margin) * 100
Free Margin is the amount of money that you have available to open new positions or to maintain current positions open and is calculated as follows:

Free Margin = Equity – Margin

Dynamic leverage is a mechanism that dynamically reduces the amount of leverage required in real time to protect your account from excessive exposure.

It is considered a risk management tool that is used to balance the risk appetite of traders by allowing them to maximize their trading potential, taking into consideration the market risks that they are exposed to, particularly when trading larger volumes.

Please refer to the ‘Dynamic Leverage’ page under the ‘Trading’ section of our website.

Dynamic leverage applies to Mini, Standard+, PRO and ECN Accounts.

From the trading platform, right click and select ‘Close Position’ or double click on the trade that you wish to close from the pop-up menu.

 From your trading platform, right-click on the Symbol of your choice in the ‘Market Watch’ window and select ‘New Order’. Another way is to double click on the instrument or drag and drop the instrument of your choice on the trading platform and use one-click trading.

This is due to the spread being applied. If you open a buy position, the closing price is the bid (lower than your opening price), and if you open a sell position, the closing price is the ask (higher than your opening price).

Yes, you can change the leverage of your account from the Client Portal by clicking on one of your Trading Accounts and under Actions … to select ‘Request Leverage change’.

If you choose to open a Mini / Standard+ / PRO/ ECN account which is based on dynamic leverage, the maximum leverage cap will be based on the leverage you specified upon registration.

If you choose to open a Standard FX account which is based on equity, the maximum leverage cap will be based on your selection for FX instruments whilst for CFDs it will be fixed as per the Trading Conditions sections of our website.

Please note that in case your request is to decrease your leverage, this will only be approved if you have no open positions.

A point is the smallest possible price change or the minimum price increment. For example 1 point on EURUSD with 5 decimals is 0.00001.

The calculation for the point value is as follows:
Example: 1 Lot of EURUSD
0.00001 * 100,000 (Contract Size) = 1 USD

All instruments have a minimum lot size as per the below:
Forex, Metals, Energies and Stocks Minimum Lot Size: 0.01 Lot
Equity Indices Minimum Lot Size: 1 Lot

Possible reason is that you are trying to open a trade less than the minimum volume (Lots) allowed. In order to ensure you are entering a lot size equal or greater than the minimum you can right click on the instrument on Market Watch window and select specification. A pop up window will appear with all instrument specifications where you can find the Minimal Volume. Alternatively you can go to “Trading” menu tab in our website and find the instrument’s minimum lot size.

Yes. Please follow the steps below:

1. Save your Expert Advisor in the Experts folder in the MT5 directory on your computer. This is usually found under C:\Program Files\MetaTrader5\MQL5\Experts\Advisors
2. Restart MT5
– The Expert Advisor file should appear in the navigator window in MetaTrader
3. Click on it and drag it onto a chart of the currency that you’d like the EA to trade on
4. In the ‘Properties’ window that comes up, tick ‘Allow Auto trading’
– Navigate to ‘Tools’ -> ‘Options’ -> ‘Expert Advisors’ tab
– Tick ‘Allow automated trading’
– Click ‘OK’

You should now be able to see a symbol with a green circle in the top right-hand corner of your chart to show that you have activated your EA correctly.

You can choose to partially close a position. This means that if you open a position with a volume of 10 USDJPY, you can choose to close a portion of that volume. For example, you can choose to close 3 lots and leave a volume of 7 lots open.

You can do this by double clicking on an open position, allowing the order window to pop up. Under the ‘Volume’ field you can override that with the desired volume you wish to close, and click on the Close button highlighted in yellow.

Close By function is not allowed.

Multiple Close By function is not allowed.

Stop Loss is a limit order that you can place if you want your previously open position to close automatically when a specified price is reached with a loss. Stop Loss is used to minimize losses and protect your Balance from extreme movements. If your position is BUY, then you must set your Stop Loss at a lower bid price than the current bid price. If your position is Sell, then you must set your Stop Loss at a higher ask price than the current ask price.

You can set Stop Loss within the order window before opening a position or you can modify an existing position by right clicking on an order and selecting Modify or Delete.

Please note that there is a minimum point distance when you set a Stop Loss. Please see our Limit & Stop levels under the ‘Trading’ menu tab, or under the Market Watch window – Specification.

Take Profit is a limit order that you place if you want your previously open position to close automatically when a specified price is reached with a profit.  If your position is BUY, then you must set your Take Profit at a higher bid price than the current bid price. If your position is Sell, then you must set your Take Profit at a lower ask price than the current ask price.

You can set Take Profit within the order window before opening a position or you can modify an existing position by right clicking on an order and selecting Modify or Delete.

Please note that there is a minimum point distance when you set Take Profit. Please see our Limit & Stop levels under the ‘Trading’ menu tab, or under Market Watch window – Specification.

A pending order is an instruction that you set manually or via an Expert Advisor (EA) to buy or sell an instrument at a pre-defined  price. When the price is reached, the order will be automatically triggered, opening a position at market price.

Types of Pending Orders:
– Buy Limit is an order to open a buy position at a future Ask price. It must be set lower than the current price
– Buy Stop is an order to open a buy position at a future Ask price. It must be set higher than the current price.
– Sell Limit is an order to open a sell position at a future Bid price. It must be set higher than the current price.
– Sell Stop is an order to open a sell position at a future Bid price. It must be set lower than the current price.
– Buy stop limit: this type combines the two first types being a stop order for placing Buy Limit. As soon as the future Ask price reaches the stop-level indicated in the order (the Price field), a Buy Limit order will be placed at the level, specified in Stop Limit price field. A stop level is set above the current Ask price, while Stop Limit price is set below the stop level.
– Sell stop limit: this type is a stop order for placing Sell Limit. As soon as the future Bid price reaches the stop-level indicated in the order (the Price field), a Sell Limit order will be placed at the level, specified in Stop Limit price field. A stop level is set below the current Bid price, while Stop Limit price is set above the stop level.

You can set a pending order by opening a new order window and selecting Type: Pending Order under the Symbol, and then selecting the type of pending order you wish to place.

Please note that there is a minimum point distance when you set pending orders. Please see our Limit & Stop levels under the ‘Trading’ menu tab or under the Market Watch window – Specification.

The price displayed on the chart is the bid, therefore, you need to ensure that the triggered price was based on the bid price.

On Buy positions, your Stop Loss, Take Profit orders will be triggered at bid price.

On Sell positions, your Stop Loss, Take Profit orders will be triggered at ask price.

As for pending orders, Buy Pending orders (Buy Limit and Buy Stop) will be triggered at ask price. Sell pending orders (Sell limit, Sell stop) will be triggered at bid price.

A Trailing Stop automates the process of modifying your Stop Loss level. It allows you to specify a Trailing Stop Level in points, and as soon as the profit in points becomes equal to or larger than the specified value, an automatic command is generated to place the Stop Loss at the specified distance from the current market price. If price moves and it is increasing the position profit, Stop Loss automatically moves together with the price.

You can set a Trailing Stop by right clicking on an open position and selecting Trailing Stop and then Custom. A new pop up window will appear, requesting you to specify the Trailing Stop Level in points. Click on OK.

Please note that there is a minimum point distance when you set up Trailing Stop. Please see our Limit & Stop levels under the ‘Trading’ menu tab, or under the Market Watch window – Specification

A Margin Call is an alert/notification that occurs when your Margin Level % reaches a certain level. This means your positions are in risk of liquidation and are near the stop out level. At this level you must either fund your trading account or close open positions in order to increase your margin.

The margin call level varies based on Account Type. Please refer to the Account Comparison’ page of our website for details.

Stop Out occurs when your Margin Level % reaches a certain point. That means you have insufficient funds to support your open positions and liquidation (closing positions) will begin. The system closes positions starting from the ones that have the highest loss until your Equity (or Margin level %) becomes higher than the Stop out level %.

The margin call level varies based on Account Type. Please refer to the Account Comparison’ page of our website for details.

Limit and Stop Levels are the distance in points from the current market price, within which it is prohibited to place Stop Loss, Take Profit and Pending Orders. When you attempt to place an order within the limits, you will receive a message stating ‘Invalid Stops’.

In some cases you might give the platform an extra instruction before the previous one was completed. This can happen when you click the same instruction multiple times, or when you use an EA that is hyperactive. In these cases, you will receive the above message informing you to wait until your previous action is completed.

Possible reasons for this error message include:

The specified Stop Loss or Take Profit price is incorrect. Please make sure of the following:
When you enter into a Buy position, Stop Loss price is set lower and Take Profit price is set higher than the current market price.
When you enter into a Sell position, Stop Loss price is set higher and Take Profit is set lower than the current market price.

If point 1 is correct, please ensure that the distance from current market price is not within the Limit and Stop Levels.

You may receive this message if you do not have enough Free Margin or if your Margin Level is below 100%.  You can consult the margin requirements under the ‘Leverage’ page of our website under the ‘Trading’ section as leverage is based on tiers levels which vary based on volume and asset class.

You can always check the FAQ section for a possible answer to your inquiry. In case you don’t find the answer, you can open a ticket through your secure area (Clients’ Portal) or send us an email to [email protected] and our investigations team will get back to you as soon as possible.

Yes, MT5 trading accounts are automatically archived after 30 days of inactivity and zero balance. You will be given the option to create a new MT5 account once you deposit funds in your preferred currency.

GTLot is an innovative unit, created by FXGT for measuring and benchmarking the trading volume of a FXGT Live Trading Account across all CFD instruments and asset classes. GTLot was created with the purpose of unifying the diversity of the contract size, the denomination, and the nominal value of all available CFD instruments, into a single standardized unit.  It works by converting the overall trading volume of an account to US$ and by standardizing 1 GTLot to be equal to US$100,000 of trading volume. To learn more about GTLot please visit our dedicated page here.

Clients can view each of their trading account’s volume in GTLots from the Client Portal Dashboard.

1. To calculate the volume in GTLot we use the formula:

Volume in USD = Lot x Contract Size x Base Currency to USD Price
Using BTCUSD as an example:
If BTCUSD having 1 lot, base currency BTC, Contract size 1 and base currency price to USD 40,000.
Volume in USD= Lot * Contract Size * Base Currency to USD Price
Volume in USD=1*1*40000=40000
Then:
GTLot=Volume in USD/100000
GTLot=40000/100000=0.4

2. To calculate the volume in GTLot for Stocks, Indices, Spot Metals, Energies, and other non-currency instruments we use the formula:

USD Volume Calculation = Lot X Contract Size x Price x Base Currency to USD Price
Using the stock of Apple (#AAPL) as an example:
If #AAPL having 1 lot, base currency USD, Contract size 100, current price 2000 and base currency price to USD 1 (USDUSD)
Volume in USD= Lot * Contract Size * Price * Base Currency to USD Price
Volume in USD=1*100*2000*1=200000
Then:
GTLot=Volume in USD/100000
GTLot=200000/100000=2

GTLots are used by FXGT only for benchmarking, promotional and marketing purposes.

GTLots can act as a trading performance indicator on the Dashboard allowing the trader to know in a quick and simple way how much overall volume they are trading with their account.

GTLots can also be used as a target or performance metric in promotions, campaigns, and competitions. For example, in a trading promotion, participants might be asked to trade X GTLots to be eligible for/win a prize.

In a similar manner, it can be a trading requirement that needs to be maintained, e.g., monthly trading volume of 5 GTLots, to be eligible for FXGT VIP Services.

No, the GTLot concept was created by FXGT as a new additional method to measure and compare trading volume across instruments and asset classes. It does not substitute the traditional concept of lots/ standard lots in any way.

FXGT will sponsor registered users with a Mini, Standard FX, Standard+, PRO and ECN account who
a) meet a minimum trading account equity of US$3000 , and
b) maintain a minimum monthly trading volume of 5 GTLots.

FXGT may contact you directly to inform you of your eligibility. However, if you meet the requirements and are committed to maintaining the minimum 5 GTLots of trading volume per month, you can contact us for confirmation.

No, all your monthly VPS expenses will be covered by FXGT for as long as you maintain the monthly sponsorship requirements.

Please fill the application form on the VPS Sponsorship to be registered for sponsorship.

Yes, you can apply for, and be granted VPS Sponsorship for more than one of your FXGT accounts if the respective account also fulfills the monthly sponsorship requirements.

To enable your VPS, you need to follow our pdf guide which step-by-step shows the process required from your end to enable your VPS on your MT5 Terminal. Before following the guide, please ensure that you have email confirmation of your successful registration for VPS sponsorship from FXGT. If you haven’t received email confirmation from us, you will not be able to find and enable your VPS by simply following the guide.

In the case that the monthly requirements for sponsorship are not maintained, then the service will be automatically removed, without further notice.

The VPS Service is available for Desktop only and you can find full instructions on how to get started in our ‘How to’ PDF guide.
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