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 |
When comparing FXOpen and FXGT.com for their commissions and fees, each platform offers different advantages to consider. FXOpen earns a 4-star rating in this category, excelling with a comprehensive fee structure that allows traders to predict costs and manage their trading budget effectively. Although average spread data for FXOpen is not provided, its fee transparency likely appeals to cost-conscious traders. Ranking at #45 out of 62 brokers by ForexBrokers.com for commissions and fees, FXOpen demonstrates a competitive stance in the market.
On the other hand, FXGT.com receives a 3.5-star rating for its commissions and fees. While specific details about its average spreads are unavailable, FXGT.com may not offer the same level of fee predictability as FXOpen, which could be a consideration for traders weighing cost efficiency. Despite this, FXGT.com's policies may still suit traders who prioritize other platform features. In the ForexBrokers.com ranking, FXGT.com is positioned at #55 among 62 brokers for their commissions and fees, which indicates room for improvement compared to its peers.
| 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.
When comparing FXOpen and FXGT.com for their range of investment options, both brokers offer a similar array of features geared towards forex and CFD trading. FXOpen provides 87 tradeable symbols and 25 forex pairs, while FXGT.com extends its offering to 117 tradeable symbols and 53 forex pairs. Both brokers facilitate forex trading via CFD or spot contracts and support copy trading, making them appealing to traders looking for flexibility in trade execution. However, neither broker offers the ability to buy actual U.S. or international exchange-traded securities, nor do they allow the purchase of actual cryptocurrency. Instead, they both offer cryptocurrency derivatives.
In terms of ratings, both FXOpen and FXGT.com are rated three stars for their range of investments and have similar standings in the ForexBrokers.com investment category, ranking 61st and 60th out of 62 brokers, respectively. This suggests that while both brokers provide a modest selection of tradeable assets, market participants focused on diverse investment portfolios may need to consider these limitations. Overall, FXGT.com holds a slight edge in terms of the number of tradeable symbols and forex pairs available, offering a marginally broader trading scope than FXOpen.
| 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.
Both FXOpen and FXGT.com are popular online brokers that offer a variety of trading platforms and tools to accommodate traders' needs. Each provides a free virtual demo account, allowing users to practice and simulate trades without risking real money. Neither broker offers a proprietary platform; instead, both support widely-used platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and provide Windows-based desktop and web-based trading platforms. Copy trading is available through both brokers, but FXOpen additionally offers access to ZuluTrade. While they don’t support DupliTrade, the comprehensive integration with MT4 and MT5 ensures a smooth trading experience.
FXOpen and FXGT.com have various charting capabilities to suit traders' analytical needs, each allowing direct trading from stock charts. FXOpen offers traders 15 drawing tools, while FXGT.com provides 23. For watch lists, FXOpen has more columns with seven fields compared to FXGT.com's five. Both brokers have received a four-star rating for their trading platforms and tools, yet FXOpen is slightly ahead in the ForexBrokers.com rankings, holding the 53rd spot out of 62 brokers, compared to FXGT.com's 56th position. This makes both brokers solid options, though with slight variations in their tools and offerings to consider.
| 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.
FXOpen and FXGT.com both provide mobile trading apps for iPhone and Android devices, making it convenient for traders to access their accounts on the go. Each platform offers stock and forex price alerts as well as the ability to create watchlists with real-time quotes. Users of both applications can enjoy robust charting features, including trendline drawing and multiple time frame views, enhanced by 30 technical studies. However, a notable difference emerges in the synchronization capabilities; FXGT.com allows for watchlist symbol syncing between mobile and online accounts, a feature absent in FXOpen's offering.
In terms of usability, FXGT.com's app supports auto-saving of chart drawings, a handy feature that FXOpen does not offer. This could be particularly useful for active traders who frequently annotate their charts. Despite these differences, FXOpen edges out slightly in rankings and ratings, scoring 4 stars compared to FXGT.com's 3.5 stars for mobile trading apps. According to ForexBrokers.com, FXOpen is ranked 54th out of 62 brokers for mobile trading, while FXGT.com is not far behind at 58th place. Choosing between these two platforms may come down to personal preference for app features and ease of use.
| 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 daily market insights and news, FXOpen clearly stands out with its daily market commentary and access to forex news from prestigious sources like Bloomberg and Reuters. In contrast, FXGT.com does not provide daily commentary or news from top-tier sources. Both brokers, however, fall short in offering advanced research tools from companies like Autochartist and Trading Central. Yet, FXGT.com has a competitive edge by providing a sentiment-based trading tool, allowing traders to see a ratio of long or short positions across currency pairs.
Both FXOpen and FXGT.com provide users with economic calendars, enabling traders to keep track of global news events affecting the market. They are equally rated at three stars in research by ForexBrokers.com, yet FXGT.com is slightly more favorable in rank, coming in at 56 out of 62 brokers. Meanwhile, FXOpen is ranked last in this category, at 62. These rankings suggest there is room for improvement in the research offerings of both online brokers.
| 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 comparing the educational resources for beginners between FXOpen and FXGT.com, both brokers appear to offer limited options. Neither broker provides a substantial collection of educational materials focused on forex or CFDs, such as articles or videos. Additionally, they do not offer any online client webinars or accessible archives of past webinars to enhance learning opportunities. Both platforms are equally lacking in beginner-focused trading videos, as well as advanced educational content tailored for experienced traders.
One area where FXOpen and FXGT.com align positively is in offering an investor dictionary with definitions for at least 50 investing terms, which can be a useful resource for learning the basics of trading terminology. Despite this, neither broker significantly excels in the education category, with both receiving a rating of 3 out of 5 stars. In a list of 62 brokers, FXOpen ranks 58th, while FXGT.com follows closely at 59th. These rankings reflect their similar standings in educational offerings for those new to trading.
| 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 62 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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