Written by ForexBrokers.com
In this head to head comparison of FOREX.com vs FXGT.com, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FOREX.com, established in 1999, is a highly reputable online broker with a Trust Score of 99 from ForexBrokers.com, signifying a high level of trust. Although it is not a bank, it benefits from being publicly traded. The broker boasts seven Tier-1 licenses, which are the most trusted, as well as one Tier-2 license. These credentials exemplify FOREX.com's strong regulatory standing, appealing to traders who prioritize security and oversight by top-tier financial authorities.
In contrast, FXGT.com, founded in 2019, holds a ForexBrokers.com Trust Score of 69, indicating a higher risk compared to FOREX.com. While it also holds one Tier-1 and one Tier-2 license, it does not have the same level of regulatory assurance as its counterpart. FXGT.com is not publicly traded and, like FOREX.com, is not a bank. Although it provides a solid trading platform, potential users should weigh its regulatory credentials and trading security carefully against their personal risk tolerance.
| Feature |
FOREX.com
|
FXGT.com
|
|---|---|---|
| Year Founded | 1999 | 2019 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
FOREX.com, rated 4.5 stars and ranked #13 out of 63 brokers for commissions and fees, offers a variety of execution methods and account types, providing flexibility for different trading needs. However, the costs associated with FOREX.com can be higher than the industry average, especially for U.S. traders using the Standard account where the EUR/USD spread is around 1.4 pips. The newly launched RAW Spread account provides lower spreads down to 0.13 pips for EUR/USD but includes a commission starting at $7 per standard lot, making it appealing for high-volume traders. Active traders might benefit from volume-based rebates, potentially reducing overall costs if surpassing the $50 million monthly trading volume.
On the other hand, FXGT.com, with a 3.5-star rating and ranking at #56, does not provide detailed average spread data for comparison. This lack of transparency can make it challenging to accurately gauge the total trading costs. Traders considering FXGT.com should note that the rating reflects a less competitive positioning in terms of commissions and fees, especially when directly compared to FOREX.com.
Overall, for traders prioritizing cost efficiency and clear fee structures, particularly those trading large volumes, FOREX.com appears to hold a more advantageous position. Its transparent execution statistics and potential rebates for active traders could offset its initially higher costs. In contrast, FXGT.com's absence of detailed spread data might deter traders seeking a clearer picture of total expenses.
| Feature |
FOREX.com
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $100 | $5 |
| Average Spread EUR/USD - Standard | 1.4 | N/A |
| All-in Cost EUR/USD - Active | 0.9 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FOREX.com and FXGT.com both offer traders the option to engage in forex trading through Contracts for Difference (CFDs) or spot contracts, accommodating a range of investment strategies. FOREX.com boasts an impressive catalog of 5,500 tradeable symbols, including 80 forex pairs, significantly expanding the potential market opportunities for investors. In contrast, FXGT.com offers a total of 117 tradeable symbols and 53 forex pairs, presenting a narrower selection of options. Neither broker provides the ability to trade exchange-traded securities from either U.S. or international exchanges, so investors looking for direct equity investment options will need to consider other platforms.
Additionally, while FOREX.com does not provide any copy trading facilities, FXGT.com does, which might appeal to investors interested in mirroring the strategies of more experienced traders. Both platforms allow trading in cryptocurrency derivatives rather than purchasing actual cryptocurrencies, catering to those interested in crypto market speculation. In terms of evaluation, FOREX.com receives a top-tier 5-star rating for its range of investments and ranks 7th out of 63 brokers on ForexBrokers.com. Meanwhile, FXGT.com earns a 3-star rating for its offerings and ranks much lower, at 61st, highlighting the broader appeal and versatility of FOREX.com's investment options for traders.
| Feature |
FOREX.com
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 117 |
| Forex Pairs (Total) | 80 | 53 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
Both FOREX.com and FXGT.com provide impressive platforms and tools for online trading, yet they cater to slightly different preferences. FOREX.com offers a comprehensive trading experience with its proprietary platform alongside well-integrated MetaTrader 4 and MetaTrader 5. With access to a vast array of charting tools, including 239 drawing tools, and the advantage of a custom 20-column watch list layout, FOREX.com stands out for traders who appreciate detailed customization. Furthermore, the availability of simulated trading through a demo account allows novices to practice without risking actual money.
In contrast, FXGT.com offers a straightforward approach with its MT4 and MT5 integration, but it does not feature an in-house developed platform. However, it appeals to traders interested in copy trading, broadening the scope of strategic possibilities. While it has fewer charting tools and a more concise watch list compared to FOREX.com, FXGT.com still ensures a comprehensive trading experience with the essentials. Both platforms support web-based and desktop trading, offering flexibility to traders on the go. Despite differences in ranking, FXGT.com maintains a solid four-star rating for its trading platforms and tools, making it a reliable choice for traders at various levels.
| Feature |
FOREX.com
|
FXGT.com
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 88 | 37 |
| Charting - Drawing Tools (Total) | 239 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 20 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of FOREX.com and FXGT.com, both platforms stand out with key functionalities available for traders. Users with iPhones or Android devices can access convenient apps from both brokers, featuring stock and forex price alerts along with synced watchlists that reflect changes seamlessly between their mobile apps and online accounts. Technical analysis enthusiasts will appreciate that both apps support drawing trendlines and offer the capability to view multiple time frames. Additionally, both platforms auto-save chart drawings and allow for the creation of watchlists with real-time quotes.
However, when it comes to the depth of chart analysis, FOREX.com takes a distinct lead, offering 88 technical studies compared to FXGT.com's 30. This emphasis on in-depth analysis likely contributes to FOREX.com's higher user satisfaction ratings, earning them a 5-star mobile trading app rating, significantly surpassing the 3.5-star rating of FXGT.com. In broader industry rankings, FOREX.com is positioned at number 3 out of 63 brokers, showcasing its strong reputation in the mobile trading apps category, whereas FXGT.com sits further down the list at rank 58.
| Feature |
FOREX.com
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 88 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of FOREX.com and FXGT.com, it is clear that FOREX.com provides more comprehensive resources for traders. FOREX.com offers daily market commentary and access to high-quality forex news from major sources like Bloomberg and Reuters, ensuring that traders are well-informed about global market trends. In contrast, FXGT.com does not offer daily commentary or news from top-tier sources. Additionally, FOREX.com provides a range of research tools, including those from Trading Central, and an economic calendar filled with current and upcoming global events, earning it a strong 4.5-star rating for research from ForexBrokers.com.
Meanwhile, FXGT.com, although providing a sentiment-based trading tool and an economic calendar like FOREX.com, falls short in other research areas, lacking tools such as those from Trading Central. With a modest 3-star rating for research, FXGT.com ranks significantly lower in the ForexBrokers.com research category at #56 compared to FOREX.com's impressive #9 ranking. This makes FOREX.com the preferable choice for traders seeking in-depth market research and insights to support their trading decisions.
| Feature |
FOREX.com
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, FOREX.com stands out compared to FXGT.com. FOREX.com provides over 10 educational pieces focusing on forex and CFDs, including articles, videos, and archived webinars. Moreover, they conduct online webinars at least once a month and maintain a searchable archive of these sessions for continued learning. For visual learners, FOREX.com offers more than 10 educational videos specifically for beginners, and they also cater to more advanced traders with over 10 videos that cover complex trading topics. They top it off with an investor dictionary featuring over 50 investing terms, ensuring a comprehensive educational foundation.
In contrast, FXGT.com's educational offerings are less comprehensive. They do not provide the minimum 10 educational pieces required to meet the standard for beginner resources in forex or CFDs. FXGT.com does not conduct monthly webinars or maintain a searchable archive of recorded sessions. They also lack a significant collection of beginner and advanced educational videos. Both platforms do, however, offer an investor dictionary. Overall, FOREX.com shines brighter in the educational category with a 4.5-star rating and ranks fourth among 63 brokers, while FXGT.com holds a 3-star rating and is ranked 60th for education.
| Feature |
FOREX.com
|
FXGT.com
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that FOREX.com is better than FXGT.com. FOREX.com finished with an overall rank of #5, while FXGT.com finished with an overall rank of #59.
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader.
| Feature |
FOREX.com
|
FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 69 |
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Both FOREX.com and FXGT.com do not offer the option to buy actual (delivered) cryptocurrency, but they do provide the ability to trade in cryptocurrency derivatives.
FOREX.com and FXGT.com both support ACH and SEPA transfers, Visa or Mastercard, and bank wires for funding and withdrawals; however, FOREX.com uniquely offers PayPal, while neither broker provides Skrill as an option.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | FOREX.com | FXGT.com | |
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| Trust Score | 99 | 69 | |
| Winner | check_circle | ||
| Review | FOREX.com Review |
| Broker Screenshots | FOREX.com | FXGT.com | |
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| Regulation | FOREX.com | FXGT.com | |
|---|---|---|---|
| Trust Score | 99 | 69 | |
| Year Founded | 1999 | 2019 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | FOREX.com | FXGT.com | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FOREX.com | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FOREX.com | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 117 | |
| Forex Pairs (Total) | 80 | 53 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | FOREX.com | FXGT.com | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.4 | N/A | |
| All-in Cost EUR/USD - Active | 0.9 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FOREX.com | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $100 | $5 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | FOREX.com | FXGT.com | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FOREX.com | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 20 | 5 | |
| Charting - Indicators / Studies (Total) | 88 | 37 | |
| Charting - Drawing Tools (Total) | 239 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FOREX.com | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 88 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FOREX.com | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FOREX.com | FXGT.com | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FOREX.com | FXGT.com | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | FOREX.com Review |
| Overall | FOREX.com | FXGT.com | |
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| Trust Score | 99 | 69 | |
| Winner | check_circle | ||
| Review | FOREX.com Review |
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