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 |
In the realm of online brokers, FOREX.com emerges as a strong choice with its various account types and clear execution statistics, although it tends to be slightly more expensive than the average. For traders looking for market maker brokers, FOREX.com offers some compelling choices. The Standard account’s average spreads stand at 1.4 pips for EUR/USD in the U.S. as of July 2023, making it perfect for those open to higher spreads for market-maker benefits. The newly introduced RAW account significantly reduces spreads to 0.13 pips for EUR/USD, adding a commission but extending active trader rebates, making it a viable option for high volume traders.
FXGT.com, on the other hand, lacks available spread data, which may be a point of consideration for transparency-seeking clients. When compared directly to FOREX.com, FXGT.com seems to be a lesser option in terms of commission and fees, receiving a lower rating of 3.5 stars out of 5. This rating places it at the 55th position among 62 brokers, according to ForexBrokers.com, making it a considerable distance behind FOREX.com’s 13th position with a 4.5-star rating.
Overall, FOREX.com offers competitive advantages in terms of account variety and potential cost-effectiveness through active trading discounts, especially for significant trading volumes. While FOREX.com positions itself as a somewhat pricier choice, it stands out as a better-regarded broker in terms of commissions and fees compared to FXGT.com, reflecting in its higher ratings and rankings.
| 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 provide opportunities for forex trading through CFDs and spot contracts, making them appealing options for traders interested in currency exchange. When it comes to the breadth of investment options, FOREX.com offers an extensive array of 5,500 tradeable symbols, including 91 forex pairs, setting the platform apart with a wider selection than FXGT.com, which offers 117 tradeable symbols comprising 53 forex pairs. Neither broker allows for direct investments in U.S. or international exchange-traded securities, nor do they provide the possibility to buy actual cryptocurrencies, though they both allow trading in cryptocurrency derivatives.
Given their investment range, FOREX.com scores a high 5-star rating, holding a commendable #7 spot among 62 brokers reviewed by ForexBrokers.com for their range of investments. On the other hand, FXGT.com, while offering copy trading which FOREX.com does not, earns a 3-star rating and is placed at #60 in the same ranking. This differentiation reflects the significantly broader variety of trading options available with FOREX.com, suiting those who prioritize access to a wide range of investment instruments.
| Feature |
FOREX.com
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 117 |
| Forex Pairs (Total) | 91 | 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 FOREX.com and FXGT.com for trading platforms and tools, both brokers offer virtual demo accounts, allowing traders to practice without risk. While FOREX.com showcases its proprietary platform with a Windows-based desktop download, FXGT.com lacks an in-house solution but does provide its own version for Windows users. The web-based trading platforms are available with both brokers. However, copy trading is exclusively available at FXGT.com. Both brokers support popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), but neither offer integration with DupliTrade or ZuluTrade.
FOREX.com impresses with 239 drawing tools compared to FXGT.com's 23, offering a wider range of chart customization. Additionally, FOREX.com supports 20 columns for watch lists, significantly more than FXGT.com's five columns. Both brokers allow direct trading from stock charts, enhancing user experience. FOREX.com has received five stars for their trading platforms and is ranked seventh out of 62 brokers by ForexBrokers.com, illustrating its strong market presence. On the flip side, FXGT.com holds a four-star rating and ranks 56th, reflecting a solid yet less advanced position in the trading tools category.
| 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 offer comprehensive features for traders using iPhone and Android devices. Both platforms allow users to set up stock and forex price alerts, sync watchlists across devices, and draw trendlines on charts. They also support viewing multiple time frames and auto-saving chart drawings, making it easier for traders to manage their investments on the go. Additionally, users can create watchlists with real-time quotes on both apps, ensuring they stay updated with the latest market moves. However, a significant difference lies in their charting capabilities, with FOREX.com providing 88 technical studies compared to FXGT.com's 30. This makes FOREX.com more appealing to traders who rely on analytical tools for decision-making.
In terms of ratings, FOREX.com shines with a five-star rating for its mobile trading app while FXGT.com receives a 3.5-star rating. Expert evaluations also reflect this disparity, as FOREX.com is ranked third, while FXGT.com sits at 58th out of 62 brokers according to ForexBrokers.com. This distinction highlights FOREX.com as a preferred choice for traders seeking a highly rated and feature-rich mobile trading experience, whereas FXGT.com might be better suited for users looking for essential functionalities without additional advanced features.
| 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 it comes to market research offerings, FOREX.com stands out in notable ways compared to FXGT.com. FOREX.com provides daily market commentary and access to forex news from leading financial sources like Bloomberg and Reuters, giving traders timely insights that FXGT.com does not offer. Additionally, FOREX.com features tools from Trading Central, known for technical analytics, a resource not available through FXGT.com. Both platforms do, however, offer a sentiment-based trading tool that helps traders see position ratios across various instruments. An economic calendar displaying global news events is also available on both platforms, keeping traders informed about important economic developments.
In terms of research ratings, FOREX.com garners an impressive 4.5 stars, demonstrating a strong commitment to providing comprehensive market insights; this rating is significantly higher than FXGT.com's 3 stars. The ranking reflects this difference as well; FOREX.com is noted as the 9th best among 62 brokers in the research category according to ForexBrokers.com, whereas FXGT.com comes in at 56th. This overall comparison makes FOREX.com a more attractive choice for traders who prioritize access to high-quality research resources and timely market commentary.
| 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 significantly compared to FXGT.com. FOREX.com offers a wide range of materials, including over 10 articles, videos, and archived webinars focusing on forex and CFDs. In addition to this, they provide monthly educational webinars for clients, which are recorded for future reference in a searchable archive. Beginners can find at least 10 dedicated educational videos, and advanced traders are also catered to with another set of 10 videos covering more complex topics. Furthermore, FOREX.com includes a comprehensive investor dictionary with more than 50 terms explained, making it easier for new traders to understand industry jargon.
In contrast, FXGT.com falls short in educational offerings for new traders. They do not meet the minimum requirement of 10 educational pieces centered around forex or CFDs, nor do they offer regular webinars or an archive of their previous sessions. While both platforms provide a dictionary of investing terms, the lack of thorough educational resources on FXGT.com's part makes it less ideal for beginners seeking to enhance their knowledge. The disparity in educational support is mirrored in their ratings: FOREX.com receives an impressive 4.5 stars, ranking #4 out of 62 brokers in the Education category, while FXGT.com is rated at 3 stars and ranks significantly lower at #59.
| 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 62 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 #58.
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) | 91 | 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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