Written by ForexBrokers.com
In this head to head comparison of iFOREX 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.
iFOREX, established in 1996, and FXGT.com, founded more recently in 2019, both operate as online brokers. Neither of them is publicly traded or functions as a bank. In terms of regulation, both iFOREX and FXGT.com hold a Tier-1 license, which is highly trusted. However, while iFOREX does not have any additional licenses, FXGT.com holds one Tier-2 license that contributes to its regulatory credentials.
When assessed by ForexBrokers.com for their Trust Score, iFOREX scores a 75, indicating they are of average risk, whereas FXGT.com scores 69, suggesting they are considered a higher risk. This difference in trust ratings could be an essential consideration for individuals seeking a stable trading platform. Overall, each broker provides different experiences and levels of regulatory assurance to its users.
| Feature |
iFOREX
|
FXGT.com
|
|---|---|---|
| Year Founded | 1996 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing iFOREX and FXGT.com, both online brokers have their strengths and areas for improvement in terms of commissions and fees. iFOREX is rated 3 out of 5 stars in this category, placing it at rank 61 out of 63 brokers according to ForexBrokers.com. Despite not providing average spread data, iFOREX strives to maintain a competitive fee structure to appeal to traders looking for straightforward and direct trading costs.
On the other hand, FXGT.com receives a slightly higher rating of 3.5 stars for commissions and fees. This score earns them a rank of 56 out of 63 brokers. Similar to iFOREX, FXGT.com does not provide average spread data. However, the higher rating suggests that they might offer relatively better trading conditions or a more transparent fee structure for their users, which could be an attractive feature for cost-conscious traders.
Overall, both iFOREX and FXGT.com present viable options for online trading, but FXGT.com holds a slight edge in terms of commissions and fees according to ForexBrokers.com ratings. Traders should carefully consider their personal trading needs and preferences when choosing between these brokers, keeping in mind that other features beyond commissions and fees might also influence their decision.
| Feature |
iFOREX
|
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 | No | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | Yes | 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.
When comparing the investment offerings of iFOREX and FXGT.com, iFOREX presents a wider selection with 750 tradeable symbols, including 88 forex pairs, in contrast to FXGT.com's 117 symbols and 53 forex pairs. Both platforms offer forex trading as CFDs or spot contracts, and neither provides access to exchange-traded securities on U.S. or international exchanges. If you're interested in cryptocurrency, both brokers offer cryptocurrency derivatives, but they do not facilitate the purchase of actual cryptocurrencies.
Additionally, FXGT.com features unique advantages for users interested in copy trading, a service not available with iFOREX. In terms of rankings, iFOREX holds an edge, with a 3.5-star rating and a #41 ranking in the Range of Investments category on ForexBrokers.com, surpassing FXGT.com's 3-star rating and a #61 position. Despite this, both brokers offer diverse options for those primarily focused on CFDs and forex trading.
| Feature |
iFOREX
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 750 | 117 |
| Forex Pairs (Total) | 88 | 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.
When comparing the trading platforms and tools of iFOREX and FXGT.com, several distinctions emerge. iFOREX provides a proprietary platform, allowing users a unique, in-house experience, although it does not provide a Windows-based desktop download platform or support for MetaTrader platforms. FXGT.com, on the other hand, does not have a proprietary platform but offers the popular and flexible MetaTrader 4 and 5 for Windows, enhancing its usability for desktop users. Both brokers support web-based platforms, making them accessible from any browser. A significant difference also lies in the availability of a virtual demo account; FXGT.com offers this simulated trading experience, whereas iFOREX does not.
For traders interested in copy trading and social trading platforms, FXGT.com takes the lead by offering copy trading capabilities, which iFOREX lacks. In terms of charting tools, iFOREX provides slightly more drawing tools with 25, compared to FXGT.com's 23. Both brokers, however, enable direct trading from stock charts. In terms of customization, iFOREX offers a more extensive watch list with 9 columns compared to FXGT.com's 5. Despite these differences, both platforms are rated equally at 4 out of 5 stars for their trading platforms and tools by ForexBrokers.com. Nevertheless, iFOREX is ranked slightly higher at #54 compared to FXGT.com's #56 out of 63 brokers.
| Feature |
iFOREX
|
FXGT.com
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 57 | 37 |
| Charting - Drawing Tools (Total) | 25 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 9 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both iFOREX and FXGT.com cater to iPhone and Android users, ensuring that their platforms are accessible on the go. While iFOREX does not provide stock or forex price alerts, FXGT.com shines by including this feature. FXGT.com also outperforms iFOREX in synchronizing watchlists between the mobile app and a client's online account, supporting a more seamless trading experience. In terms of technical capabilities, FXGT.com offers 30 technical studies for charting and allows traders to draw trendlines and view multiple time frames—capabilities that are absent in iFOREX’s app.
Moreover, FXGT.com’s app allows auto-saving of chart drawings and the creation of watchlists with real-time quotes, unlike the app from iFOREX. Despite these differences in features, iFOREX scores a bit higher with a 4-star rating for its mobile trading app compared to FXGT.com’s 3.5 stars. When ranked on ForexBrokers.com, however, iFOREX is positioned slightly higher at #55 of 63 brokers for mobile trading apps, compared to FXGT’s lower ranking at #58. Both platforms offer distinct pros and cons that can cater to different trader preferences.
| Feature |
iFOREX
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | No | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | N/A | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | No | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research offerings, iFOREX and FXGT.com both provide unique features, though they differ in their approach. iFOREX stands out by offering daily market commentary, something that FXGT.com does not provide. Both platforms refrain from incorporating forex news from top-tier sources, such as Bloomberg, Reuters, or Dow Jones, and neither partner with Autochartist for technical analysis tools. However, iFOREX does feature tools from Trading Central, offering technical analytics that FXGT.com lacks. Both brokers also provide a sentiment-based trading tool that offers insight into the market's long and short positions, helping users make informed decisions.
For those keen on staying updated with economic events, both iFOREX and FXGT.com offer economic calendars, which can be crucial in planning trades around global news events. Despite these similarities, iFOREX has an edge with a research rating of 3.5 stars compared to FXGT.com's 3 stars. On the ForexBrokers.com ranking, iFOREX is placed higher at #48 out of 63 brokers, whereas FXGT.com trails at #56. This indicates a slightly superior standing in research offerings for iFOREX, potentially making it a more attractive option for traders focused on research capabilities.
| Feature |
iFOREX
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | 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, iFOREX sets itself apart from FXGT.com by offering a selection of beginner-friendly educational videos. iFOREX provides at least 10 videos specifically tailored for newcomers to trading, allowing beginners to build foundational trading knowledge at their own pace. In contrast, FXGT.com does not offer such an extensive library of beginner-focused videos, which may leave new traders seeking more comprehensive guidance.
While both iFOREX and FXGT.com fall short in providing a wide variety of educational content such as articles, webinars, or advanced video content, other resources help them stand out in different ways. FXGT.com offers an investor dictionary with definitions for at least 50 key investment terms, which can be exceptionally beneficial for those looking to understand the basic language of trading. Despite these offerings, iFOREX ranks marginally higher in educational quality with a 3.5-star rating, compared to FXGT.com's 3-star rating, and holds a slightly better position according to ForexBrokers.com's rankings—positioning at #53 compared to FXGT.com's #60 out of 63 brokers. This data shows iFOREX might be a slightly more appealing choice for learners prioritizing video content, while FXGT.com provides a strong foundation in trading terminology.
| Feature |
iFOREX
|
FXGT.com
|
|---|---|---|
| Education (Forex or CFDs) | No | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that iFOREX is better than FXGT.com. iFOREX finished with an overall rank of #52, while FXGT.com finished with an overall rank of #59.
iFOREX is operated by a long-standing company, previously known as Vestle, with regulatory status in a growing number of jurisdictions, offering forex and CFDs through its proprietary platform. The biggest drawback is the lack of markets you can trade with fewer than 200, compared to the best multi asset forex and CFD brokers.
| Feature |
iFOREX
|
FXGT.com
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 75 | 69 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both iFOREX and FXGT.com do not offer the ability to buy actual, delivered cryptocurrency, but they do provide options to trade cryptocurrency derivatives.
When comparing online brokers iFOREX and FXGT.com, iFOREX supports PayPal, Skrill, Visa/Mastercard, and bank wire transactions, but lacks ACH or SEPA transfer options, while FXGT.com offers ACH and SEPA transfers along with Visa/Mastercard and bank wire options, but does not support PayPal or Skrill.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | iFOREX | FXGT.com | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 75 | 69 | |
| Winner | check_circle | ||
| Review |
| Broker Screenshots | iFOREX | FXGT.com | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| Regulation | iFOREX | FXGT.com | |
|---|---|---|---|
| Trust Score | 75 | 69 | |
| Year Founded | 1996 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | iFOREX | 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) | iFOREX | 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 | iFOREX | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 750 | 117 | |
| Forex Pairs (Total) | 88 | 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 | iFOREX | 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 | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | iFOREX | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $100 | $5 | |
| PayPal (Deposit/Withdraw) | Yes | 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 | iFOREX | FXGT.com | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | iFOREX | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | 9 | 5 | |
| Charting - Indicators / Studies (Total) | 57 | 37 | |
| Charting - Drawing Tools (Total) | 25 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | No | Yes |
| Mobile Trading | iFOREX | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | No | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | N/A | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | No | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | iFOREX | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | iFOREX | FXGT.com | |
|---|---|---|---|
| Education (Forex or CFDs) | No | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | iFOREX | 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 | iFOREX | FXGT.com | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 75 | 69 | |
| Winner | check_circle | ||
| Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill
