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FXGate -

Score

1.54 /10
Danger

FXGate

Malaysia

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Malaysia Straight Through Processing(STP) Revoked

High potential risk

https://www.fxgate.com

Influence

D

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Score

Regulatory Index0.00

Business Index7.24

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

FXGATE Ltd

Company Abbreviation

FXGate

Platform registered country and region

Malaysia

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2025-03-06
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • MalaysiaLFSA (license number: MB/19/0031) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Verification

FXGate · Company summary

Note: FXGate's official website: https://www.fxgate.com/ is currently inaccessible normally.

FXGate Review Summary
Founded2005
Registered Country/RegionMalaysia
RegulationLFSA
Market Instruments50+ forex pairs, commodities, metals, and energies
Demo Account✅
LeverageUp to 1:100
Spread1.8 pips (Standard account)
Trading PlatformsMT4
Minimum Deposit$100
Customer SupportPhone: +852 +971 4 430 6868
Email: support@fxgate.com

Founded in 2005, FXGate is a brokerage firm based in Malaysia and is regulated by LFSA. It offers more than 50 forex pairs, commodities, metals, and energies via the MT4 platform.

FXGate

Pros and Cons

ProsCons
Regulated by LFSANon-functional website
Demo accounts availableLack of transparency
A wide range of products
Diverse account types
MT4 platform

Is FXGate Legit?

Regulatory StatusRegulated
Regulated byLFSA
Licensed InstitutionFXgate Ltd.
Licensed TypeStraight Through Processing (STP)
Licensed NumberMB/19/0031
Regulated by LFSA

What Can I Trade on FXGate?

FXGate offers more than 50 forex pairs, CFDs such as commodities, metals, and energies.

Tradable InstrumentsSupported
Forex✔
CFDs✔
Commodities✔
Indices❌
Cryptocurrencies❌
Shares❌
ETFs❌
Bonds❌
Mutual Funds❌

Account Type

FXGate offers Standard, Premium, and Platinum accounts.

Account TypeInitial DepositMax. LeverageAvg. Spread
Standard$1001:1001.8 pips
Premium$5 0001.6 pips
Platinum$25 0001.2 pips

Leverage

FXGate provides leverage up to 1:100. Note that leverage can amplify both profits and losses.

Trading Platform

FXGate offers MT4 for trading.

User Reviews

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User comment

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Comments

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feiigejh
more than one year
FXGate's 2-minute closure policy crushed my profits, claiming market protection. Now, capital gone. Watch out, investors, stay away from potential traps.
FXGate's 2-minute closure policy crushed my profits, claiming market protection. Now, capital gone. Watch out, investors, stay away from potential traps.
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2023-12-28 14:17
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チャンミン
more than one year
To be honest I really regret it now. I got information about FXGate through their website and staff...how can they say bad things about this company? Now I am a victim of their forex scam. I hope everyone can collect information extensively, and don't be deceived and fall into forex scam traps like me.
To be honest I really regret it now. I got information about FXGate through their website and staff...how can they say bad things about this company? Now I am a victim of their forex scam. I hope everyone can collect information extensively, and don't be deceived and fall into forex scam traps like me.
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2023-03-16 17:33
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