Written by ForexBrokers.com
In this head to head comparison of FXOpen 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.
FXOpen, established in 2003, and FXGT.com, founded in 2019, both operate as online brokers and are not publicly traded or banking institutions. When considering their trustworthiness based on ForexBrokers.com's Trust Score ratings, FXOpen earns a score of 76, placing it in the average risk category, while FXGT.com holds a score of 69, suggesting a high risk association. In terms of regulatory credentials, FXOpen boasts two Tier-1 licenses, regarded as highly trustworthy, while FXGT.com possesses one Tier-1 license along with one Tier-2 license, which is considered trusted.
FXOpen's longer operational history and higher number of Tier-1 licenses can suggest a more established presence in the market compared to FXGT.com. Despite these differences, both brokers provide options for retail traders looking to engage in financial markets, yet they vary in risk levels and trust ratings. Traders should weigh these factors carefully when choosing a platform, ensuring they align with their personal risk tolerance and investment goals.
| Feature |
FXOpen
|
FXGT.com
|
|---|---|---|
| Year Founded | 2003 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
FXOpen and FXGT.com are two online brokers often compared for their commission structures and fees. FXOpen is perceived to offer slightly more advantageous conditions in this regard. With a rating of 4 out of 5 stars for commissions and fees, FXOpen stands at the 45th position among 63 brokers according to ForexBrokers.com. The broker provides a competitive edge with its commission model, though detailed average spread data is not publicly available. For traders seeking transparent and fair costs, FXOpen seems to be a strong option.
On the other hand, FXGT.com has a slightly lower commission and fee rating of 3.5 stars. This positions it at the 56th spot out of 63 brokers as ranked by ForexBrokers.com. While the specifics of their average spreads remain undisclosed, the broker is generally considered to be less favorable compared to FXOpen for cost-conscious traders. Despite this, FXGT.com may still cater to traders looking for particular features or account types that match their trading strategies.
When deciding between FXOpen and FXGT.com, considering the star ratings and rankings can provide insight into their pricing models. FXOpen’s higher rating and better ranking suggest it is the preferred choice among traders prioritizing lower fees, whereas FXGT.com could appeal to those for whom fees are not the sole determining factor.
| Feature |
FXOpen
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $100 | $5 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FXOpen and FXGT.com both provide a platform for forex trading through Contracts for Difference (CFDs). While FXOpen offers 87 tradeable symbols, including 25 forex pairs, FXGT.com provides a wider selection with 117 tradeable symbols, including 53 forex pairs. Both brokers offer opportunities for trading cryptocurrency derivatives, although neither allows clients to buy delivered cryptocurrencies or exchange-traded securities on U.S. or international exchanges. This makes them slightly limited if you're looking to invest in actual stocks or currencies directly.
In terms of additional options, both FXOpen and FXGT.com provide copy trading services, which can be a great feature for those looking to emulate different trading strategies. However, their range of investments receives a middling rating of 3 stars each from ForexBrokers.com. When it comes to their standings among peers, FXOpen is ranked at #62 and FXGT.com at #61 out of 63 brokers for their investment range, indicating room for improvement in these areas.
| Feature |
FXOpen
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 87 | 117 |
| Forex Pairs (Total) | 25 | 53 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools of FXOpen and FXGT.com, both brokers offer essential features for a seamless trading experience. They each provide simulated trading through free virtual demo accounts, allowing users to hone their skills without financial risk. Neither broker boasts a proprietary platform; however, they both support popular and versatile tools like MetaTrader 4 and MetaTrader 5, catering to various trading preferences. Each broker also provides web-based and Windows-based desktop platforms, alongside copy trading features. While FXOpen enhances its offerings with access to ZuluTrade, FXGT.com lacks this integration but still ensures comprehensive support for most traders.
Charting capabilities differ slightly between the two, as FXGT.com edges out FXOpen with 23 drawing tools compared to 15, although both deliver the ability to trade directly from stock charts. Watch list customization is a bit more sophisticated with FXOpen, which provides 7 columns compared to FXGT.com's 5 columns. Both platforms are rated 4 out of 5 stars for trading tools and platforms, indicating a strong performance in this area. In terms of overall rankings by ForexBrokers.com, FXOpen stands at 53rd while FXGT.com is close behind at 56th, showcasing similar competitive qualities in trading resources.
| Feature |
FXOpen
|
FXGT.com
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | 37 |
| Charting - Drawing Tools (Total) | 15 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both FXOpen and FXGT.com offer platforms that cater to traders looking to use their iPhones or Android devices. They provide essential features like stock or forex price alerts and the ability to view charts across multiple time frames. Both platforms also include 30 technical studies for chart analysis and the capability to draw trendlines, which are critical tools for any trader. However, FXGT.com has an added advantage with its ability to sync watchlist symbols between the mobile app and the client's online account, ensuring that changes made in either location are updated seamlessly.
On the downside, FXOpen's mobile app does not auto-save chart drawings, unlike FXGT.com, which may be a consideration for traders who rely heavily on charting tools. Despite this, FXOpen scores higher in user ratings with 4 stars compared to FXGT.com's 3.5 stars. In terms of rankings by ForexBrokers.com, FXOpen is positioned slightly better at #54 out of 63 brokers, while FXGT.com is ranked at #58, indicating that both have room for improvement but still offer competitive mobile trading solutions. Traders will need to weigh these differences based on their personal trading priorities and preferences.
| Feature |
FXOpen
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research offerings, both FXOpen and FXGT.com aim to assist traders with helpful tools, but they approach this goal differently. FXOpen provides valuable daily market commentary and delivers forex news from renowned sources like Bloomberg, Reuters, and Dow Jones, making it a strong choice for those who prioritize regular insights and updates. However, neither FXOpen nor FXGT.com incorporates popular research tools from companies like Autochartist or Trading Central. Notably, FXGT.com offers a unique sentiment-based trading tool that gives users insights into the market's emotional movements by showing the ratio of long and short positions across various currency pairs.
In terms of maintaining an economic calendar, both brokers excel by showcasing current and upcoming global news events, aiding traders in making informed decisions. Despite these offerings, FXOpen and FXGT.com both earn a modest 3-star rating for their research capabilities. Interestingly, according to ForexBrokers.com, FXOpen ranks at the bottom of the list at #63, while FXGT.com stands at #56 out of 63 assessed brokers, suggesting that while their research tools are adequate, there might be more comprehensive options available in the market for those seeking advanced trading insights.
| Feature |
FXOpen
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | 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, both FXOpen and FXGT.com offer limited options. Neither FXOpen nor FXGT.com provides a variety of educational materials, such as articles, videos, or webinars focused primarily on forex or CFD trading. In fact, neither broker has online educational webinars or a searchable archive of recorded sessions available for their clients each month. Additionally, both platforms lack comprehensive video content specifically tailored to beginners and expert traders alike, making it challenging for novices to get started with confidence.
Despite these shortcomings, both FXOpen and FXGT.com offer an investor dictionary featuring definitions of at least 50 investing terms, providing a helpful resource for those seeking to understand the basic terminology of trading. In terms of overall educational quality, both brokers have received a 3-star rating and are similarly ranked by ForexBrokers.com, with FXOpen standing at #58 and FXGT.com at #60 out of 63 brokers. While these platforms may be comparable in their educational offerings, aspiring traders might need to look elsewhere for a more comprehensive learning experience.
| Feature |
FXOpen
|
FXGT.com
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | No | No |
| Videos - Advanced Trading Videos | No | 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 FXOpen is better than FXGT.com. FXOpen finished with an overall rank of #54, while FXGT.com finished with an overall rank of #58.
FXOpen is a long standing MetaTrader broker with a narrow offering and few benefits beyond a standard MetaTrader experience coupled with social-trading platforms ZuluTrade and Myfxbook.
| Feature |
FXOpen
|
FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 76 | 69 |
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Both FXOpen and FXGT.com do not provide the option to purchase actual delivered cryptocurrency but do offer the ability to trade cryptocurrency derivatives.
FXOpen and FXGT.com both facilitate account transactions using Visa or Mastercard and bank wires, yet differ in other options as FXGT.com exclusively supports ACH or SEPA transfers, while FXOpen alone provides the usage of Skrill for deposits and withdrawals, with neither offering PayPal as a payment method.
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 | FXOpen | FXGT.com | |
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| Trust Score | 76 | 69 | |
| Winner | check_circle | ||
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| Broker Screenshots | FXOpen | FXGT.com | |
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| Regulation | FXOpen | FXGT.com | |
|---|---|---|---|
| Trust Score | 76 | 69 | |
| Year Founded | 2003 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | FXOpen | FXGT.com | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FXOpen | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FXOpen | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 87 | 117 | |
| Forex Pairs (Total) | 25 | 53 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | 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). |
| Cost | FXOpen | FXGT.com | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FXOpen | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $100 | $5 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | FXOpen | FXGT.com | |
|---|---|---|---|
| Proprietary Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | FXOpen | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 5 | |
| Charting - Indicators / Studies (Total) | 30 | 37 | |
| Charting - Drawing Tools (Total) | 15 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FXOpen | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FXOpen | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FXOpen | FXGT.com | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | No | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FXOpen | 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 |
| Overall | FXOpen | FXGT.com | |
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| Trust Score | 76 | 69 | |
| Winner | check_circle | ||
| Review |
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