FXGT Spreads Review | Crypto spreads are narrow!

FXGT
2021.02.07

This is an article about FXGT spreads.

FXGT is a forex broker that is very popular in high leverage trading of cryptocurrencies such as Bitcoin.

The spread of cryptocurrency is far narrower than other brokers, and there is an advantage to use FXGT which is not only high leverage as well.

On the other hand, currency pair spreads are wider level.



In this article, I will explain the following:

You can know;
  • All spread list of FXGT
  • The reason why traders choose FXGT
  • How to narrow the spread as much as possible

What is Spread?

The difference between the selling price (Bid) and the buying price (Ask) is called a spread, and this is the actual commission of the Forex broker.



For details on why spreads widen, why spreads change depending on the broker, symbol, and time of day, etc., please refer to the separate article “Low Spread Forex Brokers“.

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FXGT Account Type

FXGT offers only one account type.

It is a spec that corresponds to a standard account of other brokers.

The ordering method is STP, and there are no transaction fees other than spreads.

FXGT Account
MethodSTP
PlatformMT5
Base currencyUSD,EUR,JPY,
BTC,ETH,XRP,USDT
Contract size1 lot = 100,000
Min trade volume0.01 lots
Max leverage1:500
Margin call80%
Stop out50%
NBP✓
Min spread1.4pips~
Commission feeX
Lot restriction per ticket50 lots
Max orders100 positions
Swap free✓
Deposit bonus✓
Min deposit$10
EA✓
Scalping✓
Stop level5.2pips(EURUSD)

For more information on FXGT account types, please see the separate article “FXGT Account Type | Check the specifications and conditions before opening an account“.

FXGT Account Type | Check the specifications and conditions before opening an account
Introducing FXGT account type. FXGT is a very popular forex broker for high leverage trading of cryptocurrencies, and tr
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All Spread List in FXGT

I have compiled a list of spreads for all products posted on the official website in an easy-to-understand manner.

Spreads of Currency Pair

A list of currency pair spreads.

SymbolMin SpreadsAverage Spreads
AUDCAD2.5 pips2.8 pips
AUDCHF2.6 pips2.9 pips
AUDJPY2.8 pips3.0 pips
AUDNZD3.3 pips3.6 pips
AUDUSD1.6 pips1.8 pips
CADCHF3.0 pips3.3 pips
CADJPY2.8 pips3.0 pips
CHFJPY2.6 pips2.9 pips
EURAUD2.9 pips3.2 pips
EURCAD2.8 pips3.3 pips
EURCHF2.1 pips2.5 pips
EURDKK26.0 pips27.0 pips
EURGBP1.7 pips1.9 pips
EURHUF35.0 pips35.9 pips
EURJPY1.8 pips2.2 pips
EURNOK52.0 pips65.0 pips
EURNZD3.8 pips4.5 pips
EURPLN45.5 pips50.0 pips
EURSEK47.0 pips53.0 pips
EURTRY60.5 pips75.5 pips
EURUSD1.4 pips1.6 pips
GBPAUD3.3 pips4.0 pips
GBPCAD3.9 pips5.3 pips
GBPCHF2.9 pips4.0 pips
GBPJPY3.0 pips3.5 pips
GBPNZD5.0 pips6.2 pips
GBPUSD1.9 pips2.2 pips
NZDCAD3.5 pips4.0 pips
NZDCHF3.4 pips3.8 pips
NZDJPY2.8 pips3.0 pips
NZDUSD2.5 pips2.7 pips
USDCAD2.0 pips2.3 pips
USDCHF2.0 pips2.2 pips
USDCNH32.0 pips35.0 pips
USDCZK15.3 pips16.5 pips
USDDKK32.0 pips33.8 pips
USDHKD25.0 pips28.0 pips
USDHUF22.0 pips25.0 pips
USDJPY1.4 pips1.6 pips
USDMXN105.0 pips110.0 pips
USDNOK49.8 pips56.0 pips
USDPLN32.0 pips36.0 pips
USDRUB41.2 pips42.0 pips
USDSEK42.1 pips50.0 pips
USDSGD19.5 pips21.0 pips
USDTRY63.0 pips74.0 pips
USDZAR110.0 pips130.0 pips
TRYJPY1.5 pips1.7 pips

Spreads of Cryptocurrency

A list of cryptocurrency spreads.

SymbolMin Spreads
ADABTC1.0 pips
ADAEUR257.0 pips
ADAJPY330.0 pips
ADAUSD325.0 pips
BCHEUR2.2 pips
BCHJPY2.5 pips
BCHUSD2.4 pips
BTCEUR12.5 pips
BTCJPY21.0 pips
BTCUSD17.5 pips
DOTBTC21.0 pips
DOTEUR10.0 pips
ETHBTC0.6 pips
ETHEUR0.9 pips
ETHJPY0.9 pips
ETHUSD0.8 pips
LTCBTC70.0 pips
LTCEUR0.0 pips
LTCJPY0.9 pips
LTCUSD9.5 pips
XLMBTC0.2 pips
XLMEUR11000.0 pips
XLMJPY250.0 pips
XLMUSD12000.0 pips
XRPBTC0.7 pips
XRPEUR0.0 pips
XRPJPY7.9 pips
XRPUSD7.1 pips

Spreads of Metal

A list of metal spreads.

SymbolMin SpreadsAverage Spreads
XAUUSD3.0 pips3.0 pips
XAGUSD0.3 pips0.3 pips

Spreads of Energy

A list of Energy spreads.

SymbolMin SpreadsAverage Spreads
NGAS0.3 pips0.3 pips
USOIL0.5 pips0.5 pips
UKOIL0.5 pips0.5 pips

Spreads of Index

A list of Index spreads.

SymbolMin SpreadsAverage Spreads
US300.3 pips0.3 pips
US1000.3 pips0.3 pips
US5000.1 pips0.1 pips
JP2250.9 pips1.2 pips
GER300.3 pips0.3 pips
UK1000.3 pips0.3 pips
FRA400.3 pips0.3 pips
AUD2000.4 pips0.4 pips

The reason why traders choose FXGT

FXGT has a normal level of spreads other than cryptocurrencies, but there is still a reason to choose it.

This is because it has the following advantages over other forex brokers.

  • Max 1:500 high leverage trading
  • Also can trade cryptos with 1:500 leverage
  • Max $70,500 deposit bonus
  • Customer assets are completely Conservation Trust and highly reliable
  • Negative protection system, you never be in debt
  • Free deposit and withdrawal fees
  • Deposit by crypto is allowed
  • No requote
  • Good support

FXGT is very famous and it is a very good condition for trading cryptocurrencies.

Spreads of cryptocurrencies such as Bitcoin and Ethereum are narrow, and also you can choose cryptocurrency as your account currency.

Not only cryptocurrency but also individual stocks are offered, so FXGT is attractive Forex broker.

In addition, chat support is also provided, so it can be said that you can use it with confidence.

To trade with the narrowest spread as possible

Spreads should be as narrow as possible.

You can trade with a narrower spread by taking the following measures and precautions.

Do not trade during times when spreads widen

Spreads tend to be narrower when there are many trading participants in the market, that is when liquidity is high.

Also when the important economics news and indicators are accnounced, and when if there are big news in the world, spreads tend to widen as well.

You can prevent spreads from widening strangely by trading at the most normal time of day when trading is active.

Take advantage of bonuses

FXGT offers a bonus program.

Occasionally, FXGT offers more luxurious bonuses as a campaign.

You can increase the amount of margin by taking advantage of the bonus, so the actual spread will be narrower.

For example, with a 50% deposit bonus, a 50% bonus will be given to the deposit amount, so the margin will be 1.5 times and the spread will be effectively 2/3.

By taking advantage of the bonus in this way, you can narrow the actual spread.

Summary

What did you think.

FXGT is very attractive not only for cryptocurrencies but also for trading currency pairs and CFDs, and considering the merits that you can get, it can be said that FXGT is a broker that can be used as a main broker.

If you are still hesitant to use FXGT, why not open a real account and get deposit bonus, and trade for the time being, or try a demo account.

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How to Utilize FXGT Free Demo Account
I will explain the demo account of FXGT, which is a popular broker that allows to trade cryptocurrencies with 1:1000 hig
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