FXGT does offer a 100% free demo account for traders. Traders have access to the same functions, features, and options that they normally would on a live trading account.
FXGT at a glance
| 🔍 Broker's Name | FXGT |
| 📍 Headquartered | Aurora Drive, Liberty Life Building 21, Office 125, 1st Floor Umhlanga, 4301 Kwa-Zulu Natal South Africa |
| 📅 Year Founded | 2019 |
| ⚖️ Regulating Authorities | FSA-Seychelles, South Africa’s Financial Sector Conduct Authority (FSCA) |
| 🌐 Countries not accepted for trade | USA, Canada, Iran, North Korea, and Russia |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 🚀 Sign up bonus | Yes |
| 📈 Maximum Leverage | 1: 500 |
| 💰 Minimum Deposit | $5 |
| 💳 Deposit Options | Visa, MasterCard, BankWire, eWallets like Skrill and Neteller |
| 💳 Withdrawal Options | Visa, MasterCard, BankWire, eWallets like Skrill and Neteller |
| 💻 Platform Types | MT5, MT4 |
| 📱 OS Compatibility | Mac, Windows, Web, Mobile Android, iPhone, iPad |
| 📈 Tradable assets offered | Forex, Crypto, Precious Metals and Energies, Equity Indices, Stocks, Cryptocurrencies |
| 👨💼 Languages supported on Website | English |
| 👥 Customer Support Languages | English |
| 📆 Customer Service Hours | 24/7 |
| 👉 Open a account | Click Here |
Min Deposit USD 5 Regulators SFSA, FSCA, CySec* Trading Platform MT4, MT5 Crypto Yes *FXGT.com has a CySec license, but it is only valid for institutional clients. Total Pairs 0 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Choose your quick section of our FXGT Demo Account below.
FXGT Demo account – 6 key points quick overview:
How to set up a FXGT Demo Account – Step by Step- FXGT Demo Account Features
- FXGT Pros and Cons
- FXGT Customer Reviews
- Conclusion
- Frequently Asked Questions
Here is an overview of the FXGT Demo Account as well as the features that are offered.
How to set up a FXGT Demo Account – Step by Step
To register for and set up a demo account (also called practice account) with FXGT, traders must visit the website and follow the steps as indicated.
You can open an account from start to finish on the FXGT website and choose to open a demo account first. Brokers usually require an e-mail and password to complete the initial step and if more than one currency can be used, traders must select their preferred account currency. FXGT accounts can be opened in EUR, USD, JPY, BTC, XRP, ETH, USDT.
An account verification process is usually mandatory due to regulatory requirements, so keep a copy of your ID and a proof of residency document ready for the last step. Note that this ‘Know Your Client (KYC) process, may only be necessary once you decide to move forward and work with real money.
Follow these steps to open an account:
Step 1 : Click on “open demo account”
Click on the “open demo account” option.
Step 2 : Fill out the form
Provide basic personal information requested.
Step 3 : Go to your email
Go to your email and click on the link to verify your account.
A demo account is also referred to as a practice account because it provides traders with the ability and freedom to explore a broker’s offering without running the risk of losing money, due to the provision of virtual money with which to ‘trade’.
Beginner traders can use a demo account to get acquainted with the live trading environment, where they can actively participate in trades and develop their own strategies. Demo accounts are not intended for beginners only but provide more advanced traders an opportunity to explore what FXGT has to offer.
FXGT Demo Account Features
FXGT’s demo account imitates the conditions of a live trading account and gives traders access to the same functions, features, and options they would have on a live trading account, with the exception that the demo account is risk-free since they make use of virtual funds to conduct their trading. Due to this, traders cannot withdraw any profits which are made on the demo account.
Min Deposit USD 5 Regulators SFSA, FSCA, CySec* Trading Platform MT4, MT5 Crypto Yes *FXGT.com has a CySec license, but it is only valid for institutional clients. Total Pairs 0 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
FXGT Pros and Cons
| ✔️ Pros | ❌ Cons |
| Demo accounts can be opened | Limited live account options |
| High leverage can be used | No proper research tools |
| Islamic (swap free) accounts available | Offshore broker and regulation |
| Low deposit requirements | |
| MT5 provided as trading platform |
FXGT Customer Reviews
This is my first time to crypto…
This is my first time to crypto trading. Already benefitted from that platform. Recommend for beginners.
Simple
Simple. Extensive. Transparent and User Friendly. That’s what my review is 5 stars
I loved the website since I began…
I loved the website since I began trading. From educational material to the starting guide everything was great. I faced a problem during the payout. Had to wait days till I get it.
Conclusion
FXGT does offer a demo account for traders. Traders have access to the same functions, features, and options that they normally would on a live trading account.
A demo account is also referred to as a practice account because it provides traders with the ability and freedom to explore a broker’s offering without running the risk of losing money, due to the provision of virtual money with which to ‘trade’.
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Frequently Asked Questions
Can I access all the trading instruments on the FXGlobe demo account?
Most brokers offer their full range of trading instruments on their demo accounts. This allows traders to practice trading with virtual funds using the same trading instruments that are available on the live trading platform.
How do I access the FXGlobe demo account?
In order to access the demo account, traders need to download the trading platform onto their desktop, which is compatible with MS Windows or Mac OS, or onto their mobile device, which is compatible with Android smartphones or tablets, or iOS iPhones or iPads. If the trader prefers to use the Metatrader 5 Web Trader, they can access it from the trading platform’s download page. Once the trader has installed MetaTrader 5, they can log in using the login details provided on the account verification page, and they will be able to access their FXGT demo account.
What is a FXGT demo account?
The FXGT demo account is a practice account that traders can use to try out the features and functionality of the broker.
What trading platforms are available on the FXGlobe demo account?
FXGlobe supports the MT5 trading platform.
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