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 for their commissions and fees, both brokers present different offerings for traders seeking cost-effective trading experiences. iFOREX, although not providing specific average spread data, generally holds a three-star rating for its fees and is ranked 60th out of 62 brokers by ForexBrokers.com. This suggests that while iFOREX may deliver a satisfactory service in terms of fees, there might be more competitive options available for traders.
On the other hand, FXGT.com fares slightly better in the area of commissions and fees, boasting a 3.5-star rating. Like iFOREX, it does not publicly share average spread data, but it holds a higher ranking of 55th out of 62 brokers on ForexBrokers.com. This indicates that FXGT.com might offer a marginally better deal on fees compared to iFOREX, making it an appealing choice for cost-conscious traders.
In summary, both iFOREX and FXGT.com provide satisfactory options for online trading concerning their commissions and fees. However, FXGT.com edges out slightly with a better rating and ranking, potentially offering a more cost-effective trading experience for those who prioritize minimizing fees and costs. For traders looking to make informed decisions, considering these factors could enhance their trading strategies.
| 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.
iFOREX and FXGT.com both offer opportunities for trading forex as a Contract for Difference (CFD) or spot contract. iFOREX provides a substantial selection with 750 tradeable symbols, which includes 88 forex pairs. In comparison, FXGT.com offers a smaller selection with 117 tradeable symbols, covering 53 forex pairs. For investors interested in cryptocurrencies, both brokers allow trading cryptocurrency derivatives, though neither provides access to exchange-traded securities on US or international exchanges. Additionally, iFOREX does not offer copy trading, whereas FXGT.com does, which might be an appealing feature for some traders.
In terms of overall rating for their range of investments, iFOREX scores 3.5 stars, surpassing FXGT.com's 3-star rating. When evaluated by ForexBrokers.com, iFOREX is ranked 41st out of 62 brokers, indicating a relatively better offering than FXGT.com, which is placed at 60th. While both platforms cater to CFD and spot contract traders, iFOREX edges out FXGT.com with a wider range of investment options and a higher overall rating in the range of investments category.
| 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 examining the differences in trading platforms and tools, iFOREX and FXGT.com present distinct features worth considering for traders. iFOREX offers a proprietary platform developed in-house and provides a web-based trading platform, although it lacks a Windows desktop application. On the other hand, FXGT.com supports a Windows-based desktop platform and MetaTrader 4 and 5, offering greater flexibility and choice for those who prefer these well-known platforms. Both brokers offer web-based trading, but only FXGT.com extends simulated trading through a free virtual demo account, which could be beneficial for traders looking to practice their strategies before diving into live trading.
In terms of add-ons, FXGT.com allows for copy trading, an essential feature for traders seeking to mirror the strategies of successful investors. iFOREX does not offer copy trading, but it does offer more drawing tools for charting—25 compared to FXGT.com's 23—providing more options for technical analysis. While both allow trading directly from stock charts for easier execution, iFOREX stands out with its nine watch list columns versus FXGT.com’s five. Ratings from ForexBrokers.com show both platforms neck and neck in quality, with iFOREX ranked slightly above FXGT.com among 62 brokers for their trading platforms and tools.
| 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 offer solid options for iPhone and Android users. However, FXGT.com shines with additional features that cater to more engaged traders. Unlike iFOREX, FXGT.com provides stock or forex price alerts, which can be invaluable for keeping up with market changes. Another area where FXGT.com takes the lead is watchlist syncing. This feature, absent in iFOREX's app, lets you synchronize watchlists between your mobile app and online account, ensuring any updates made are kept consistent across platforms.
FXGT.com's mobile app also offers more advanced trading tools, supporting up to 30 technical studies in its charting features compared to iFOREX's unspecified offering. FXGT.com enhances your trading experience with the ability to draw trendlines and view various time frames on charts. Automatic saving of chart drawings and the creation of watchlists with real-time quotes are added benefits, which are not available with iFOREX. Despite these advanced features, iFOREX edges out FXGT.com in user ratings with 4 stars versus 3.5 stars, ranking #55 out of 62 on ForexBrokers.com, compared to FXGT.com's #58 ranking. While FXGT.com provides more functionalities for active trading, iFOREX garners higher user satisfaction, making them both viable options depending on your trading needs.
| 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 comparing the market research offerings of online brokers iFOREX and FXGT.com, several distinctions arise. iFOREX provides daily market commentary, a distinct advantage for traders seeking regular insights, while FXGT.com does not offer this feature. Neither broker includes forex news from high-profile sources like Bloomberg or Reuters, and both lack tools from Autochartist. However, iFOREX stands out by offering technical analysis tools from Trading Central, unlike FXGT.com. On the sentiment analysis front, both brokers provide a tool to gauge market positions, catering to traders who want to track sentiment across currency pairs. Additionally, both iFOREX and FXGT.com offer economic calendars to help users stay informed about key global events.
In terms of overall research ratings, iFOREX scores slightly better with 3.5 out of 5 stars compared to FXGT.com's 3-star rating. This aligns with their rankings on ForexBrokers.com, where iFOREX is positioned at #48, somewhat ahead of FXGT.com, which is ranked at #56 out of 62 brokers. For traders prioritizing in-depth analysis, iFOREX emerges as the better choice, thanks to its daily commentary and access to Trading Central tools.
| 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 exploring educational resources for beginners, iFOREX stands out slightly more than FXGT.com. iFOREX offers a series of beginner-focused educational videos that cater specifically to new traders, providing insight into the basic concepts and strategies. On the other hand, FXGT.com does not provide an extensive collection of videos intended for newcomers. While neither platform offers a comprehensive suite of educational articles, webinars, or an archive of previously recorded sessions, iFOREX's commitment to beginner videos gives it a slight edge for novice traders looking for visual learning aids.
When it comes to additional educational tools like an investor dictionary, FXGT.com offers a more diverse range of definitions with over 50 investing terms to help beginners familiarize themselves with financial jargon. Conversely, iFOREX does not offer such a resource but receives a slightly higher education rating of 3.5 stars compared to FXGT.com's 3 stars. In terms of rankings by ForexBrokers.com, iFOREX is positioned at #53 out of 62 brokers, ranking ahead of FXGT.com, which is placed at #59. This indicates that although both brokers have room for improvement in their educational offerings, iFOREX is slightly more favored in terms of beginner education.
| 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 62 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 #58.
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
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FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 75 | 69 |
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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.
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0 of 5| Overall Rating | iFOREX | FXGT.com | |
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| Trust Score | 75 | 69 | |
| Winner | check_circle | ||
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| Broker Screenshots | iFOREX | FXGT.com | |
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| 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 | |
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| Trust Score | 75 | 69 | |
| Winner | check_circle | ||
| Review |
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