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iFOREX vs FXGT.com 2024

ForexBrokers.com

Written by ForexBrokers.com

August 29, 2023

Is iFOREX better than FXGT.com? In our analysis of 23 international regulators across 62 of the best forex brokers, Vestle is considered average-risk, with an overall Trust Score of 78 out of 99. FXGT.com is considered High Risk, with an overall Trust Score of 69 out of 99. Learn more about Trust Score.

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Compare

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Overall Rating iFOREX FXGT.com
Overall Rating info 4/5 Stars 3.5/5 Stars
Commissions & Fees 3/5 Stars 3.5/5 Stars
Offering of Investments 3.5/5 Stars 3/5 Stars
Platform & Tools 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Research 3.5/5 Stars 3/5 Stars
Education 3/5 Stars 3/5 Stars
Trust Score info 75 69
Winner check_circle
Review
Broker Screenshots iFOREX FXGT.com
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation iFOREX FXGT.com
Trust Score info 75 69
Year Founded info 1996 2019
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 1 1
Tier-2 Licenses info 0 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 2
Tier-1 Licenses (Highly Trusted) iFOREX FXGT.com
Australia (ASIC Authorised) info No No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses (Trusted) iFOREX FXGT.com
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No Yes
UAE (DFSA/Central Bank Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments iFOREX FXGT.com
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 750 117
Forex Pairs (Total) info 88 53
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info No Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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 info N/A N/A
All-in Cost EUR/USD - Active info N/A N/A
Active Trader or VIP Discounts info No No
Inactivity Fee info No No
Execution: Agency Broker info No No
Execution: Market Maker info Yes Yes
Funding iFOREX FXGT.com
Minimum Deposit info $100 $5
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes No
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No Yes
Trading Platforms iFOREX FXGT.com
Proprietary Platform info Yes No
Desktop Platform (Windows) info No Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info No Yes
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools iFOREX FXGT.com
Virtual Trading (Demo) info No Yes
Alerts - Basic Fields info No Yes
Watchlists - Total Fields info 9 5
Charting - Indicators / Studies (Total) info 57 37
Charting - Drawing Tools (Total) info 25 23
Charting - Trade From Chart info Yes Yes
Charts can be saved info No Yes
Mobile Trading iFOREX FXGT.com
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info No Yes
Mobile Watchlist info No Yes
Watchlist Syncing info No Yes
Mobile Charting - Indicators / Studies info N/A 30
Mobile Charting - Draw Trendlines info No Yes
Mobile Charting - Multiple Time Frames info No Yes
Mobile Charting - Drawings Autosave info No Yes
Mobile Economic Calendar info No Yes
Research iFOREX FXGT.com
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info No No
Autochartist info No No
Trading Central (Recognia) info Yes No
TipRanks info No No
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes Yes
Education iFOREX FXGT.com
Education (Forex or CFDs) info No No
Client Webinars info No No
Client Webinars (Archived) info No No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info No No
Investor Dictionary (Glossary) info No Yes
Major Forex Pairs iFOREX FXGT.com
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review
Overall iFOREX FXGT.com
Overall Rating info 4/5 Stars 3.5/5 Stars
Commissions & Fees 3/5 Stars 3.5/5 Stars
Offering of Investments 3.5/5 Stars 3/5 Stars
Platform & Tools 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Research 3.5/5 Stars 3/5 Stars
Education 3/5 Stars 3/5 Stars
Trust Score info 75 69
Winner check_circle
Review
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iFOREX vs FXGT.com Comparison

We’ve made it easy to compare the best forex brokers, side-by-side. Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Our research is unbiased and independent; learn more about how we test. That same research and data powers our broker comparisons. Let's compare iFOREX vs FXGT.com.

Can I trust iFOREX?

Vestle is not publicly traded and does not operate a bank. Vestle is authorised by two Tier-1 regulators (highly trusted), zero Tier-2 regulators (trusted), zero Tier-3 regulators (average risk), and one Tier-4 regulator (high risk). Vestle is authorised by the following Tier-1 regulators: Financial Conduct Authority (FCA) and regulated in the European Union via the MiFID passporting system.

Can I trust FXGT.com?

FXGT.com is not publicly traded, does not operate a bank, and is authorised by one Tier-1 regulator (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and two Tier-4 regulators (High Risk). FXGT.com is regulated in the European Union via the MiFID passporting system.

Is iFOREX good?

Vestle is operated by a long-standing company, previously known as iForex, 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.

Is FXGT.com good?

FXGT.com is a plain vanilla MetaTrader-only broker offering a narrow range of markets alongside a decent number of crypto CFDs and platform plugins. This broker lacks robust market research and educational resources beyond a few ebooks and some basic sentiment data. FXGT.com’s small number of regulatory licenses brings down its overall Trust Score. It’s also worth noting that, though FXGT.com is regulated in the EU, retail clients are not accepted in that region.

What is the minimum deposit requirement for opening an account with iFOREX?

To open a trading account with iFOREX, you'll need to make an initial minimum deposit of $100.

What is the minimum deposit requirement for opening an account with FXGT.com?

FXGT.com requires a minimum deposit of $5 before you can open an account and start trading.

What funding options does each broker offer?

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. iFOREX offers Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw) for banking, whereas FXGT.com provides Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw) and Neteller (Deposit/Withdraw).

Does iFOREX or FXGT.com offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that FXGT.com offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

Is iFOREX or FXGT.com safer for forex and CFDs trading?

At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that Both iFOREX and FXGT.com hold 1 global Tier-1 licenses. FXGT.com holds 1 global Tier-2 licenses, while iFOREX holds 0.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that iFOREX (75) earned a higher Trust Score than FXGT.com (69).

Which trading platform is better: iFOREX or FXGT.com?

To compare the trading platforms of both iFOREX and FXGT.com, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, iFOREX offers a better experience. With research, iFOREX offers superior market research. Finally, we found iFOREX to provide better mobile trading apps.

Here’s what trading platforms are available at iFOREX:

  • Proprietary Platform - Yes
  • Web Platform - Yes
  • cTrader - No
  • DupliTrade - No
  • MT4 - No
  • MT5 - No
  • ZuluTrade - No
  • TradingView - No

Here’s what trading platforms are available at FXGT.com:

  • Proprietary Platform - No
  • Web Platform - Yes
  • cTrader - No
  • DupliTrade - No
  • MT4 - Yes
  • MT5 - Yes
  • ZuluTrade - No
  • TradingView - No

What about MetaTrader? How about copy trading?

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. FXGT.com offers MetaTrader 4 (MT4), while iFOREX does not. Forex traders also appreciate the ability to engage in social copy trading. While FXGT.com offers copy trading, iFOREX does not.

What can I trade with each broker?

iFOREX provides traders 88 currency pairs (e.g., EUR/USD) compared to FXGT.com's 53 available pairs. If you are interested in trading a full range of securities, iFOREX offers traders access to 750 tradeable symbols, while FXGT.com offers access to 117 tradeable symbols; so iFOREX offers 633 more tradeable symbols than FXGT.com.

We found in our testing that iFOREX offers a more diverse selection of investment options than FXGT.com, allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD) and Cryptocurrency (Derivative). Neither have Int'l Stock Trading (Non CFD), Cryptocurrency (Physical) and Spread Betting.

Overall winner: iFOREX

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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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