Namibian Dollar Forex Trading Accounts
Scam Forex Brokers in Ghana
FXGT.com Review
FXGT.com is a trusted MT4 / MT5 broker that offers an innovative range of trading tools and synthetic cryptocurrency pairs. FXGT.com has an intuitive and user-friendly backend dashboard that makes account and fund management easy.
- Lesche Duvenage
Jump to:
Overall Rating
- 2.5/5
Min Deposit
USD 5
Regulators
SFSA, FSCA, CySec*
Trading Desk
MT4, MT5
Crypto
Yes
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overview
FXGT.com is a Cyprus-based brokerage platform, and our research shows that the broker has gained significant popularity in the online financial trading world since its inception in 2020.
FXGT.com offers a wide range of trading options, including traditional forex pairs, DeFi tokens, and NFTs, catering to the diverse interests of Ghanaian traders.
FXGT.com also offers accounts in major fiat currencies that let Ghanaians trade various digital assets. However, unfortunately, FXGT.com does not directly support the Ghanaian Cedi (GHS) as a base currency, encouraging traders to use alternatives like USD, EUR, or cryptocurrencies.
FXGT.com has a forward-thinking approach, especially regarding adopting advanced trading technology. It provides access to industry-standard platforms like MetaTrader 4 and MetaTrader 5, equipping Ghanaian traders with powerful tools and analytics.
FXGT.com also offers 24/7 customer support in multiple languages, including English, which can enhance Ghanaians’ trading experience. FXGT.com has made significant progress in online financial trading, focusing on regulatory compliance and security measures.
FXGT.com also offers a 30 USD No-Deposit Bonus for new sign-ups from Ghana, highlighting its strategy of attracting and retaining traders by providing tangible value.
We found that FXGT.com stands out as a symbol of the evolution of online trading platforms, offering a wide range of financial instruments, comprehensive support, and a diverse trading environment tailored to support Ghanaian traders’ ambitious financial aspirations.
While FXGT.com is still a newcomer to the online trading world, it is an extremely compelling broker with solutions that will suit all traders in Ghana.
How does FXGT.com secure the security of customer funds?
FXGT.com separates client funds from operating funds, employs modern encryption technology, and adheres to stringent regulatory regulations to ensure the safety and security of Ghanaian traders’ assets.
Can Ghanaian traders use educational materials on FXGT.com?
Yes, FXGT.com provides extensive educational tools, including eBooks and a glossary, to assist Ghanaian traders in improving their trading knowledge and abilities.
FXGT.com at a Glance
| 📊 Year Founded | 2020 |
| ⚖️ Regulation | FSCA, CySEC, VFSA, FSA |
| 🏛 Ease of Use Rating | 4/5 |
| 💰 Bonuses | Yes, $30 No-Deposit Bonus, Loyalty Bonus, VPS Sponsorship Program |
| 🌎 Support Hours | 24/7 |
| 📱 Trading Platforms | MetaTrader 4, MetaTrader 5 |
| 📈 Account Types | Account Types Mini, Standard+, Pro, ECN |
| 💰 Base Currencies | Base Currencies BTCH, ETH, USDT, ADA, XRP, EUR, USD, ZAR |
| 📊 Starting spread | From 0.0 pips |
| 📊 Leverage | 1:1000 |
| ✔️ Currency Pairs | 41; major, minor, exotic pairs |
| 💳 Minimum Deposit (GHS) | 67 GHS / 5 USD |
| 📉 Inactivity Fee | Yes |
| 📱 Website Languages | English, Arabic, Japanese, Thai, Vietnamese, Malay, Turkish |
| 💰 Fees and Commissions | Spreads from 0.0 pips, commissions from $6 on Forex, $5 on metals, and 0.1% on crypto |
| ✔️ Affiliate Program | Yes |
| 🔎 Banned countries | Banned Countries United States, Russia, Canada, Iran, and North Korea |
| 📉 Scalping | Yes |
| 📈 Hedging | Yes |
| 💻 Tradable Assets | Forex, cryptocurrencies, synthetic cryptocurrencies, precious metals, energies, indices, stocks, DeFi Tokens, NFTs |
| 👉 Open Account | 👉Open Account |
Regulation and Safety of Funds
Regulation in Ghana
FXGT.com is not currently regulated by the Bank of Ghana (BoG). However, FXGT.com’s global regulations are listed in the table below.
Global Regulations
| 📱Registered Entity | 🌎Country of Registration | ✔️Registration Number | 🔎Regulatory Entity | 📊Tier | 💳License Number/Ref |
| 360 Degrees Markets Ltd | Seychelles | 8421720-1 | FSA | 3 | SD019 |
| GT IO Markets (Pty) Ltd | South Africa | 2015/059344/07 | FSCA | 2 | FSP 48896 |
| GT Global Markets Ltd | Vanuatu | – | VFSC | 3 | 700601 |
| TEC International (Cyprus) Ltd | Cyprus | HE 389575 | CySEC | 2 | 382/20 |
Protection of Client Funds
| 🔎Security Measure | 📱Information |
| Segregated Accounts | Yes |
| Compensation Fund Member | Liability Insurance |
| Compensation Amount | 1,000,000 EUR |
| SSL Certificate | Yes |
| 2FA (Where Applicable) | Yes |
| Privacy Policy in Place | Yes |
| Risk Warning Provided | Yes |
| Negative Balance Protection | Yes |
| Guaranteed Stop-Loss Orders | No |
How is FXGT.com regulated to protect the security of Ghanaian traders’ funds?
FXGT.com follows the rules of regulations like CySEC, VFSC, FSCA, and FSA, which include steps to protect Ghanaian traders’ funds.
What type of financial security does FXGT.com provide to its Ghana clients?
FXGT.com provides financial protection to its Ghanaian clients using segregated bank accounts for customer funds.
Awards and Recognition
Our assessment of FXGT.com reveals a series of notable awards and acknowledgments, including:
- “Best Global Trading Conditions” in 2024, recognized by Brokers View.
- The prestigious “Best Broker Award” was bestowed upon FXGT.com in 2023 by AtoZ Markets.
- In 2022, FXGT.com received the esteemed “Best Hybrid Broker” title at the Ultimate Fintech Awards.
FXGT.com Account Types
| 💻 Live Account | 👉 Open Account | 📉 Minimum Dep. | 💰 Commissions | 💸 Leverage |
| ➡️Mini Account | 👉Open Account | 67 GHS / 5 USD | None; only the spread is charged | 1:1000 |
| ➡️Standard+ Account | 👉Open Account | 67 GHS / 5 USD | None; only the spread is charged | 1:1000 |
| ➡️Pro Account | 👉Open Account | 67 GHS / 5 USD | None; only the spread is charged | 1:1000 |
| ➡️ECN Account | 👉Open Account | 67 GHS / 5 USD | From 0.1% – $6 | 1:1000 |
While evaluating FXGT.com, we found its range of account types extremely flexible and catering to Ghanaians’ different needs and objectives according to their trading experience. Like we did, Ghanaians will find competitive trading conditions with FXGT.com.
Mini Account
The FXGT.com Mini Account is an affordable option for new forex traders in Ghana, offering access to forex, indices, metals, energy, stocks, and cryptocurrency trading without commission costs.
The account costs only 67 GHS (about 5 USD), making it an ideal starting point for those looking to access financial markets with low initial risk. The welcoming trading atmosphere and fair spreads make it an excellent starting point for Ghanaian traders.
Standard+ Account
FXGT.com’s Standard+ Account is designed for Ghanaian casual traders, offering freedom and opportunity.
It expands on the Mini Account by incorporating synthetic cryptocurrencies, increasing the variety of instruments. With a 1:1000 leverage and no commission fees, traders can diversify portfolios without complicating their tactics.
In addition, the account also offers reduced average spreads and access to incentive programs, making it an excellent option for exploring financial markets with sophisticated techniques.
Pro Account
FXGT.com Pro Account is a complex trading platform designed for experienced traders in Ghana. It offers access to various trading instruments, including DeFi Tokens and NFTs, with no commission costs and tight average spreads.
In addition, we consider this account as an ideal option for those seeking a wide range of financial products and the ability to execute complex trading methods, showcasing FXGT.com’s commitment to providing a platform that matches their competence.
ECN Account
The FXGT.com ECN Account is designed for scalpers, day traders, and Ghanaian algorithmic traders, offering liquidity and fast order execution in global currency markets.
With spreads starting at 0.0 pips and costs ranging from 0.1% to $6, it’s ideal for high-volume trading and offers leverage of up to 1:1000, making it an efficient and speedy option for Ghanaian traders.
Islamic Account
FXGT.com offers an Islamic Account for Ghanaian traders adhering to Sharia law, allowing them to trade forex without going against their religious beliefs.
This account removes swap interests and provides access to currency and other asset classes, demonstrating FXGT.com’s commitment to inclusion and ethical trading, allowing Ghanaian traders to engage in global financial markets.
Demo Account
FXGT.com’s Demo Account is a crucial tool for new and experienced traders in Ghana, offering a risk-free environment to test trading strategies, examine platform features, and familiarize with trading products.
Furthermore, the demo provides virtual funds that allowed us to imitate real market conditions, and enhance our trading skills. Overall, the Demo Account demonstrates FXGT.com’s commitment to trader education and risk management, making it an essential tool for honing trading abilities.
What is the minimum deposit necessary for creating a Mini account on FXGT.com?
The minimum deposit for a Mini account on FXGT.com is around 67 GHS or 5 USD, making it accessible to traders with budget limits.
What is the highest leverage offered on the ECN account on FXGT.com?
The ECN account on FXGT.com provides leverage of up to 1:1000, offering Ghanaian traders more market exposure and the potential for bigger returns.
How To Open an FXGT.com Account step by step
The process of opening an account with FXGT.com is extremely easy, and we recommend that Ghanaians follow these steps:
Step 1: Click the ‘Sign Up’ or ‘Register’ button.
You can begin the account registration procedure by going to FXGT.com’s homepage and clicking the ‘Sign Up’ or ‘Register’ button.
Step 2: Fill out the registration form
Fill out the registration form with your personal information, ensuring all information is correct and current to avoid future issues with account verification or trading activity.
Choose your desired base currency for your account from the available alternatives, such as USD, EUR, or cryptocurrencies like BTC and ETH, keeping in mind that FXGT.com does not directly support AED.
Carefully read the terms and conditions offered by FXGT.com, accept them to proceed, and then submit your application to FXGT.com for review and approval.
Step 3: Check your email address
Check your inbox for a confirmation message from FXGT.com that includes a verification link; click on this link to authenticate your email address and proceed with the account registration procedure.
Once your email address has been validated, return to the FXGT.com website to complete the mandated Know Your Customer (KYC) process, which includes submitting necessary identity and proof of address papers to guarantee regulatory compliance.
com will validate your supplied documentation, which normally takes a few days. You will be notified once your account has been authorized and is available to use.
After account approval, you can navigate to the ‘Deposit’ area of your FXGT.com account dashboard, select a deposit method accepted in Ghana, and follow the instructions to fill in your trading account, allowing you to begin trading.
Are there any limits on account opening for Ghanaian traders?
FXGT.com does not impose special limitations on Ghanaian traders, providing they satisfy the eligibility requirements and agree with the platform’s terms and conditions.
Does FXGT.com give any incentives for new account registrations from Ghana?
Yes, FXGT.com gives Ghanaian traders a no-deposit incentive of $30 upon successful registration, enabling them to start trading without risking their assets.
Broker Comparison
| 🥇 HFM | 🥈 IC Markets | 🥉 Vantage Markets | |
| ⚖️ Regulation | FSCA, CySEC, VFSA, FSA | ASIC, CySEC, FSA, SCB | CIMA, VFSC, FSCA, ASIC |
| 📱 Trading Platform | MetaTrader 4 MetaTrader 5 | MetaTrader 4 MetaTrader 5 cTrader | MetaTrader 4 MetaTrader 5 ProTrader Vantage App Vantage Social trading ZuluTrade Myfxbook AutoTrade DupliTrade |
| 💰 Withdrawal Fee | No | None | Yes |
| 📊 Demo Account | Yes | Yes | Yes |
| 📈 Minimum Deposit | 67 GHS ($5) | 2,690 GHS ($200) | 673 GHS ($50) |
| 📊 Leverage | 1:1000 | 1:1000 | 1:500 |
| 📊 Spread | From 0.0 pips | From 0.0 pips | From 0.0 pips |
| 💰 Commissions | $6 on Forex $5 on Precious Metals 0.1% on Crypto Assets | From $3 to $3.5 | From $3 |
| ✴️ Margin Call/Stop-Out | 50% – 70% (M) 20% – 40% (SO) | 100%/50% | 80%/50% |
| 💻 Order Execution | Market | Market | Market |
| 💳 No-Deposit Bonus | Yes | No | No |
| 📊 Cent Accounts | Yes, Mini | No | No |
| 📈 Account Types | Mini Account Standard+ Account Pro Account ECN Account | cTrader Account Raw Spread Account Standard Account | PRO ECN |
| ⚖️ BoG Regulation | No | No | No |
| 💳 GHS Deposits | No | No | No |
| 📊 Ghana Cedi Account | No | No | No |
| 👥 Customer Service Hours | 24/7 | 24/7 | 24/5 |
| 📊 Retail Investor Accounts | 4 | 3 | 3 |
| ☪️ Islamic Account | Yes | Yes | Yes |
| 📉 Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| 📈 Maximum Trade Size | 200 lots | Unlimited | 100 lots |
| 💰 Minimum Withdrawal Time | Instant | Instant | Instant |
| 📊 Maximum Estimated Withdrawal Time | 1 – 5 Business Days | Up to 14 business days | 3 – 5 working days |
| 💸 Instant Deposits and Instant Withdrawals? | Yes, Both | Yes | Yes |
FXGT.com Trading Platforms and Software
When it comes to trading platforms, FXGT.com stands out with its offering. We tested FXGT.com’s MT4 and 5 using a demo account, and here’s what we found.
MetaTrader 4
We used our demo account with FXGT.com to test MetaTrader 4 and found that FXGT.com offers a unique forex trading experience through this platform, which is both stable and reliable.
MT4’s competitive spreads, starting from 0.0 pips on some pairs, enhance MT4’s analytical powers, allowing precise execution of strategies without high trading costs. The platform’s customizable interface lets Ghanaians personalize their trading setup, making it suitable for beginners and seasoned professionals.
FXGT.com’s leverage options can go up to 1:1000, integrating with MT4’s functions and enabling efficient market position increase. FXGT.com’s multilingual support, including English for Ghanaians, ensures that language barriers don’t hinder the platform’s features.
The platform provides a tailored trading experience for Ghanaian traders, with various account types available, from Mini to ECN accounts.
Overall, we found this dedication to Ghanaian traders evident in the platform’s multilingual support, including English, and the availability of various account types, including Mini and ECN accounts.
MetaTrader 5
FXGT.com also offers MetaTrader 5 with advanced features and expanded capabilities. MT5 caters to the sophisticated demands of modern trading, offering a wide range of financial instruments, including newer assets like DeFi tokens and NFTs.
Its advanced analytical tools provide a deeper and more nuanced market analysis. MT5’s upgraded charting tools and additional timeframes provide a detailed view of market trends, which is essential for devising complex strategies.
In addition, FXGT.com’s speed and reliability of order execution and direct access to electronic communication networks (ECNs) for ECN account holders ensure fast and efficient trading operations, especially during volatile market conditions.
The streamlined UI of MT5 and the accessibility of FXGT.com’s diverse trading instruments and leverage settings were our main points of interest. We could also manage our transactions more precisely and flexibly since the platform supported a broader range of order types.
Does FXGT.com provide web-based trading platforms for Ghanaian traders?
Yes, Ghanaian traders on FXGT.com can use the web-based versions of MetaTrader 4 and MetaTrader 5, eliminating the need for software downloads and allowing for smooth trading across many devices with internet connectivity.
Does FXGT.com provide multilingual assistance for its trading platforms?
Yes, FXGT.com’s trading systems allow several languages, allowing accessibility for Ghanaian traders via interfaces in English, Arabic, Japanese, and others.
Trading Instruments & Products
FXGT.com is well-known for its innovative instruments like synthetic cryptocurrency pairs and the GTi12 Index. Below, we list the comprehensive collection that Ghanaians can trade with the broker:
- NFTs – FXGT.com introduces Ghanaian traders to digital assets by offering trading options in five NFTs, combining traditional financial investing with blockchain innovation, allowing them to enter the digital collectibles market.
- Forex – FXGT.com offers 41 currency pairings, allowing Ghanaian traders to participate in global currency markets, diversify, and exploit market volatility, offering a comprehensive forex trading experience.
- Stocks – FXGT.com provides Ghanaian customers with 50 stock CFDs, allowing them to bet on top firms’ price fluctuations without holding the actual stock, allowing traders to capitalize on market swings.
- Cryptocurrencies – FXGT.com caters to Ghanaian traders’ growing interest in digital currencies by trading 24 popular cryptocurrencies, including Bitcoin and Ethereum, allowing access to dynamic and unpredictable markets.
- Indices – FXGT.com provides several indices that monitor the performance of top corporations in certain industries or areas. This instrument enables Ghanaian traders to receive exposure to global market movements while diversifying their portfolios without directly investing in specific equities.
- Precious Metals – FXGT.com allows Ghanaian traders to invest in gold and silver, which are classic safe-haven investments.
- DeFi Tokens – FXGT.com offers Ghanaian traders access to 9 DeFi tokens, allowing them to explore the growing decentralized financial industry and potentially expose them to emerging blockchain-based services and technology.
- Energies – Ghanaian traders can engage in energy markets, including oil and gas, through FXGT.com, where they can speculate on geopolitical events and global supply and demand fluctuations.
- Synthetic Cryptocurrencies – FXGT.com offers Ghanaian traders a synthetic cryptocurrency that mimics actual cryptocurrencies’ price fluctuations, providing an alternative to physical holding digital assets enabling them to engage in the crypto market.
Does FXGT.com provide stock trading for Ghanaian traders?
Yes, Ghanaian traders on FXGT.com can speculate on the performance of different stock CFDs (Contracts for Difference), enabling them to engage in global stock markets without requiring direct ownership of shares.
Can Ghanaian traders trade indices on FXGT.com?
Yes, Ghanaian traders on FXGT.com can trade a comprehensive range of indices reflecting the performance of top firms from various sectors and countries, allowing exposure to larger market trends without specific stock selection.
Spreads and Fees
One of the main things we noticed with FXGT.com is that the broker has no issue with being transparent with trading and non-trading fees, which we discuss in the sections below. Here’s what Ghanaians can expect from FXGT.com.
Spreads
FXGT.com’s trading costs for traders in Ghana are influenced by several factors, including competitive spreads starting at 0.0 pips on specific currency pairs. These low spreads are beneficial for scalping strategies and high-frequency trading.
FXGT.com’s commitment to cost-effective trading opportunities is evident through these tight spreads, allowing traders to minimize costs and maximize returns.
The diverse spread options across different account types cater to various trader preferences and strategies, providing flexibility and control over trading expenses.
Commissions
FXGT.com charges commissions on certain account types, such as ECN accounts, which are transparent and competitive. This fee structure allows traders to make informed decisions based on their trading volume and strategy.
The competitive commission rates reflect FXGT.com’s focus on professional and high-volume traders, offering a cost-effective trading environment.
Overnight Fees
FXGT.com’s overnight fee rates are reasonable and in line with market norms. However, traders should be mindful of these fees, as they can impact the profitability of long-term positions, especially in markets with significant overnight rate fluctuations.
Deposit and Withdrawal Fees
FXGT.com’s deposit and withdrawal fees policy is trader-friendly, allowing traders to manage funds efficiently without additional charges. This policy enhances the trading experience by allowing traders to retain a greater portion of their profits, making it a positive factor in the market.
Inactivity Fees
FXGT.com charges inactivity fees for dormant accounts, urging traders to remain active or withdraw funds if they no longer wish to trade. Despite being common among online brokers, FXGT.com’s policy stands out for transparency and clear communication about the fee’s application conditions.
FCurrency Conversion Fees
Ghanaian traders may face currency conversion fees when depositing or withdrawing funds in non-FXGT.com-based currencies. These fees are incurred when funds are converted to or from the trader’s account currency, potentially impacting the total trading cost.
Can Ghanaian traders get a thorough breakdown of fees levied by FXGT.com?
Yes, Ghanaian traders can discover a complete fee schedule on FXGT.com’s website or trading platform, explaining all relevant fees, commissions, and charges, guaranteeing openness and clarity in trading expenses.
How can Ghanaian traders calculate the overall cost of trading with FXGT.com?
Ghanaian traders can evaluate the overall cost of a transaction on FXGT.com by considering elements like spreads, commissions, overnight fees, and any other relevant costs, providing a precise estimate of trading expenditures.
FXGT.com Deposit & Withdrawal Options
While we couldn’t find local payments for Ghanaians with FXGT.com, we summarized the available options with the broker for Ghanaians, available currencies, and the approximate time it takes to transfer funds to and from FXGT.com in the table below.
In the sections below, we also indicate the steps to follow to deposit and withdraw using each deposit and withdrawal category.
| 💳 Payment Method | 🌎 Country | 💴Currencies Accepted | ⏱️Processing Time |
| 💰 Debit Card | All | USD, EUR, ZAR | Instant – 5 days |
| 💳 Credit Card | All | USD, EUR, ZAR | Instant – 5 days |
| 🪙 Cryptocurrencies | All | BTC, ETH, XRP, ADA, USDT ERC20, USDT TRC20 | 1 minute – 48 hours |
| 💸 Sticpay | All | EUR, USD | Instant – 48 hours |
| 🪙 Neteller | All | EUR, USD, ZAR | 10 minutes – 2 days |
| 💰Skrill | All | USD, ZAR | Instant |
| 💳Online Naira | Nigeria | EUR, USD | Instant |
| 💸Perfect Money | All | EUR, USD | Instant |
| 💰Local Banks | All | EUR, USD, ZAR, NAD | Instant |
| 💸ZotaPay | All | USD | Instant |
| 🪙FasaPay | All | USD | Instant |
| 💳Bank Wire Transfer | South Africa | ZAR | 2 to 5 working days |
| 🪙Binance Pay | All | USDT | Instant |
FXGT.com Deposits
How to Deposit using Bank Wire Step by Step
✅Access your FXGT.com trading account and navigate to your dashboard’s ‘Deposit’ area.
✅Choose ‘Bank Wire Transfer’ from the list of possible deposit methods.
✅com will give you their bank information, including the account number and SWIFT code; save this for your transaction.
✅Make the wire transfer from your bank using the FXGT.com banking details after logging into your account.
✅Confirm the transaction with your bank and wait for the funds to appear in your FXGT.com trading account.
How to Deposit using Credit or Debit Card Step by Step
✅Log into your FXGT.com account and select the ‘Deposit’ option.
✅Select ‘Credit or Debit Card’ as your deposit method.
✅Fill out your card information, including the number, expiration date, CVV code, and deposit amount. If GHS is an option, choose it as the currency for the transaction.
✅Your card issuer may demand extra verification to verify and complete the transaction.
How to Deposit using Cryptocurrency Step by Step
✅Sign in to your FXGT.com account and choose ‘Deposit’ from the menu.
✅Choose the cryptocurrency option, then choose the coin you want to deposit.
✅com will produce a unique wallet address for the deposit; copy it.
✅Open your cryptocurrency wallet, paste the FXGT.com deposit address, enter the amount to transfer, and complete the transaction.
How to Deposit using e-Wallets or Payment Gateways Step by Step
✅Log in to your FXGT.com trading account and navigate to the ‘Deposit’ area.
✅Choose your favorite e-wallet or payment gateway from the list (e.g., Neteller, Skrill, Sticpay).
✅Enter the amount you want to deposit, and if available, select GHS as the transaction currency to avoid additional conversion fees.
✅You will be redirected to the e-wallet or payment gateway’s website; log in and confirm your payment information and transaction.
FXGT.com Withdrawals
How to Withdraw using Bank Wire Step by Step
✅Go to the ‘Withdrawal’ area of your FXGT.com account dashboard.
✅Select ‘Bank Wire Transfer’ as your withdrawal option.
✅Fill out the withdrawal form with your bank data, account number, and SWIFT code.
✅Enter the withdrawal amount and submit the withdrawal request.
How to Withdraw using Credit or Debit Cards Step by Step
✅Go to the ‘Withdrawal’ section of your FXGT.com trading account.
✅Select the option to withdraw funds using your credit or debit card.
✅Specify the amount you intend to withdraw. Ensure that it does not exceed your card’s restrictions or the available balance in your trading account.
✅Submit the withdrawal request to FXGT.com for processing.
How to Withdraw using Cryptocurrency Step by Step
✅Access the ‘Withdrawal’ portion of your FXGT.com account.
✅Choose the ‘Cryptocurrency’ withdrawal option and the type of cryptocurrency you wish to withdraw.
✅Enter your external wallet address where you want your funds to be sent.
✅Specify the withdrawal amount in the chosen coin and confirm the transaction.
How to Withdraw using e-Wallets or Payment Gateways Step by Step
✅Log into your FXGT.com account and go to the ‘Withdrawal’ area.
✅Select your favorite e-wallet or payment gateway from the list of withdrawal methods.
✅Enter the withdrawal amount and confirm the withdrawal information.
How long does it take FXGT.com to process withdrawals for Ghanaian traders?
Withdrawals from FXGT.com are normally completed between 2 to 5 business days for bank wire transfers, while e-wallet and cryptocurrency withdrawals are often done promptly or within 48 hours for Ghanaian traders.
Does FXGT.com impose any withdrawal fees on Ghanaian traders?
FXGT.com does not impose direct withdrawal fees on Ghanaian traders, allowing them to withdraw their funds without incurring extra expenditures.
Leverage and Margin
While evaluating FXGT.com’s leverage and margin policies, we found that they are highly beneficial for traders in Ghana.
They offer traders leverage options of up to 1:1000, which is particularly beneficial for those with limited capital. This leverage can significantly increase profits from successful trades in the forex market.
FXGT.com’s margin requirements are flexible, adjusting leverage based on the trader’s position size, a risk management measure. This reduces the risk of losses exceeding the initial investment for Ghanaian traders.
However, in our experience in the online trading industry, high leverage should be approached cautiously, as it can increase potential profits and raise the risk of significant losses.
FXGT.com has implemented these policies with a clear understanding of these risks, equipping traders with the tools to utilize leverage while managing their risk exposure effectively.
Overall, the platform’s flexibility, strong regulatory framework, and commitment to trader education make it an attractive choice for Ghanaian traders seeking to engage in leveraged trading.
How are margin requirements calculated for Ghanaian traders on FXGT.com?
Margin requirements on FXGT.com are computed depending on the trading position size, leverage ratio, and instrument being traded, ensuring Ghanaian traders keep adequate cash in their accounts to sustain open positions.
Are there any limits on leverage for Ghanaian traders on FXGT.com?
While FXGT.com provides high-leverage options, Ghanaian traders should know the possible dangers of leverage and adopt decent risk management measures to prevent excessive exposure and potential losses.
10 Best Forex Brokers in Ghana for 2024
Rank
Broker
Review
Regulators
Min Deposit
Official Site
Educational Resources
While we evaluated FXGT.com, we found that it caters to all traders. Ghanaians who are just starting their trading journey can expect the following resources from FXGT.com:
- Comprehensive Glossary – The Comprehensive Glossary is a comprehensive resource for traders, covering various trading terms and concepts, especially in Ghana’s forex and cryptocurrency markets. It breaks down complex jargon, promoting confidence and inclusivity in market analysis and strategies.
- eBooks – FXGT.com provides eBooks for Ghanaian traders, covering fundamentals to advanced strategies and risk management. These structured learning paths cater to beginners and seasoned traders, offering detailed yet engaging content for personal growth.
- Blog – FXGT.com’s Blog provides traders with up-to-date market trends, analysis, and trading insights, ensuring they stay informed about global financial markets, including market forecasts, trading tactics, and economic events.
Does FXGT.com provide interactive learning tools for Ghanaian traders?
No, FXGT.com currently offers limited educational materials and resources.
Can complete beginners use FXGT.com’s educational materials and resources to start learning about forex?
Yes, beginner traders from Ghana can use FXGT.com’s education as a starting point when they start trading forex. However, traders might need additional courses, videos, and other materials to help them because FXGT.com’s education is limited.
Bonuses and Promotions
According to our findings, with FXGT.com’s $30 no-deposit incentive, traders from Ghana can engage in live trading without putting their own money on the line. Using these free funds, traders can test the platform’s features and trade various financial products.
Furthermore, the loyalty incentive further enhances the trading experience by providing an unlimited 25% bonus on all future deposits. We found that this can help traders who are looking to boost their trading volume.
Another great resource for Ghanaian traders who use automated strategies in live markets is the FXGT.com VPS sponsorship. This unique bonus ensures that the trading environment is fast and stable.
However, Ghanaians must note that specific conditions apply, especially to the no-deposit bonus. The no-deposit bonus can be withdrawn if traders meet certain requirements, such as trading 2 GT lots.
Therefore, Ghanaians must be mindful of these limitations and conditions and ensure they can meet these trading volumes to receive profits.
How can I qualify for FXGT.com’s deposit bonuses?
Traders in Ghana can qualify for FXGT.com deposit bonuses provided they satisfy the minimum deposit criteria and adhere to the platform’s terms and conditions.
Does FXGT.com offer a referral bonus to Ghanaian customers?
Yes, FXGT.com provides a referral incentive to Ghanaian clients who successfully introduce new traders to the site.
How to Register an Affiliate Account with FXGT.com Step-by-Step
To register and become an affiliate with FXGT.com, Ghanaians can follow these steps:
Step 1: Click on Partner
Visit the FXGT Partner Program’s webpage.
Find the “Partners” section on the website and click the “Register” banner to start the process.
Step 2: Fill in Registration Form
The application form might ask for your basic information, such as:
Full Name and Surname according to your government-issued ID.
Phone Number (Starting with +233)
A Valid Email Address
Skype ID
Your website URL (this is optional)
FXGT has a few affiliate options with different commission schedules. Choose a program depending on your target population and needs.
Enter Your Marketing Information, where you can share information about your social media accounts, website, and other marketing methods. This will make your marketing strategy easier for FXGT.com to understand.
You might be requested to give your tax information.
Go through all the information that you provided to ensure accuracy. Once you are satisfied, apply.
FXGT will review your application, which could take a few days.
Once your application has been approved, you will receive your FXGT affiliate account login credentials. You can then log in to view your marketing materials and affiliate dashboard.
Affiliate Programs
Features
The affiliate program of FXGT.com in Ghana is designed to be in harmony with the market’s main ideals of trust and community participation.
FXGT.com’s affiliate program’s emphasis on community engagement impressed us. Furthermore, it allows local traders and influencers to earn by referring their friends and followers.
This program stands out to us because of its user-friendly layout and individual support, which is especially helpful for affiliates, especially those who are still learning the ropes.
We also found that the Ghanaian penchant for long-term commercial relationships is reflected in the commission system, which emphasizes lasting partnerships.
In addition, affiliates can use the program’s flexible promotional strategies, which allow them to respond to the unique dynamics of the Ghanaian market by utilizing both online and offline media.
Overall, in our opinion, with these qualities, the FXGT.com affiliate program stands out as a solid and potential option for Ghanaian individuals looking to get into forex trading.
Are there unique affiliate events or promotions for FXGT.com’s partners?
Yes, FXGT.com periodically holds special events and campaigns for its affiliates, which provide additional bonuses and prizes.
What resources can I access to bring new clients to FXGT.com?
Ghanaian affiliates can use various tools, including advertising, landing pages, and instructive content, to bring new customers to FXGT.com.
Customer Support
| Customer Support | FXGT.com Customer Support |
| ⏰ Operating Hours | 24/7 |
| [email protected] | |
| 🗣 Support Languages | Multilingual |
| 🗯 Live Chat | Yes |
| ☎️ Telephonic Support | Yes |
| ✔️The overall quality of FXGT.com Support | 5/5 |
How can Ghanaian clients get technical support with the FXGT.com trading platforms?
Ghanaian clients can receive technical assistance with FXGT.com trading platforms via the website’s support channels or help center.
Is there a dedicated account manager for FXGT.com clients in Ghana?
Yes. FXGT.com assigns specialized account managers to clients in Ghana, offering customized service and support.
FXGT.com Social Responsibility
FXGT.com does not currently provide any information regarding CSR initiatives or projects.
Pros & Cons
| ✔️ Pros | ❌ Cons |
| Ghanaians get a 30 USD no-deposit bonus when they sign up with FXGT.com | FXGT.com does not have regulations in Ghana |
| FXGT.com charges no deposit or withdrawal fees | There are no GHS-denominated account |
| FXGT supports various strategies like automated trading with EAs, news trading, scalping, etc. | There are inactivity fees charged when traders let their accounts go dormant |
| FXGT.com is known for its transparency and competitive fees | Currency conversion fees might apply |
FXGT.com Security Measures
While researching FXGT.com, we found that the broker has been praised for its commitment to security measures for traders.
Despite lacking local regulation in Ghana, the platform maintains high regulatory compliance and security standards, overseen by authorities like the FSCA, CySEC, VFSA, and FSA.
FXGT.com’s security strategy includes separating client funds from operational funds ensuring deposits are only used for trading activities.
In addition, several advanced encryption technologies protect traders’ personal and financial data, preventing unauthorized access.
FXGT.com also offers negative balance protection, preventing traders from losing more funds than they initially deposited providing a safety net against sudden market fluctuations.
We found that these measures demonstrate FXGT.com’s dedication to creating a safe and secure trading environment for all clients, including those based in Ghana.
You might also like: FBS Review
You might also like: CMTrading Review
You might also like: HFM Review
You might also like: IC Markets Review
You might also like: JustMarkets Review
Conclusion
We have explored FXGT.com’s numerous features, policies, and support systems after conducting an exhaustive examination of the platform as a possible forex and CFD broker for traders in Ghana.
Our research determined that FXGT.com has a solid foothold in the international financial markets, offering a diverse array of trading opportunities across classic forex and more contemporary assets such as cryptocurrencies and NFTs.
FXGT.com offers various account types, competitive spreads, and high-leverage limits to cater to traders with varying strategies and experience levels.
In addition, they use MetaTrader 4 and 5 platforms and provide educational resources to enhance trading knowledge in Ghana.
However, according to our findings, despite adhering to multiple jurisdictions, local regulations in Ghana may raise concerns. FXGT.com’s focus on client welfare and efficient trading is evident through the absence of deposit and withdrawal fees, segregated funds, and negative balance protection.
However, the absence of support for the Ghanaian Cedi and potential currency conversion fees could pose challenges and additional costs.
Given these considerations, we can conclude that FXGT.com offers an ideal trading environment with potential for development and profit, making it an appealing alternative for traders from Ghana.
Our Insight
I would like to note that FXGT.com offers a competitive spread, cheap rates for commissions as well as strong security which guarantee a sure trading environment; at FXGT.com, numerous ways are supported for payment while customer service is generally good.
Our Recommendations on FXGT.com
- Offer support for the Ghanaian Cedi (GHS) as a base currency option.
- Expand educational materials and resources.
- Consider striving for regulation in more African countries like Ghana.
Frequently Asked Questions
Can I open a practice account with FXGT in Ghana?
Yes, the broker provides unrestricted demo accounts with virtual funds for Ghanaian traders to practice trading without risking real money.
What account types does FXGT offer to professional traders in Ghana?
The broker provides a Pro account for experienced Ghanaian traders, which includes zero fees and tight spreads.
Does FXGT charge a commission on trades in Ghana?
They provide commission-free accounts (Standard+) and commission-based accounts (Pro) in Ghana, letting traders select the cost structure that best matches their needs.
What are FXGT’s customer support hours for Ghanaian clients?
Customer service is available 24/7 through a variety of ways.
Is my money safe when trading with FXGT in Ghana?
Yes, the broker provides segregated funds and negative balance protection, but Ghanaian clients must know that forex trading has inherent risks.
FXGT.com User Comments and Reviews