FXGate Spreads, leverage, minimum deposit Revealed
WikiFX | 2024-10-22 14:06Abstract：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.
Note: FXGate's official website: https://www.fxgate.com/ is currently inaccessible normally.
| FXGate Review Summary | |
| Founded | 2005 |
| Registered Country/Region | Malaysia |
| Regulation | LFSA |
| Market Instruments | 50+ forex pairs, commodities, metals, and energies |
| Demo Account | ✅ |
| Leverage | Up to 1:100 |
| Spread | 1.8 pips (Standard account) |
| Trading Platforms | MT4 |
| Minimum Deposit | $100 |
| Customer Support | Phone: +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.
Pros and Cons
| Pros | Cons |
| Regulated by LFSA | Non-functional website |
| Demo accounts available | Lack of transparency |
| A wide range of products | |
| Diverse account types | |
| MT4 platform |
Is FXGate Legit?
| Regulatory Status | Regulated |
| Regulated by | LFSA |
| Licensed Institution | FXgate Ltd. |
| Licensed Type | Straight Through Processing (STP) |
| Licensed Number | MB/19/0031 |
What Can I Trade on FXGate?
FXGate offers more than 50 forex pairs, CFDs such as commodities, metals, and energies.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Commodities | ✔ |
| Indices | ❌ |
| Cryptocurrencies | ❌ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
FXGate offers Standard, Premium, and Platinum accounts.
| Account Type | Initial Deposit | Max. Leverage | Avg. Spread |
| Standard | $100 | 1:100 | 1.8 pips |
| Premium | $5 000 | 1.6 pips | |
| Platinum | $25 000 | 1.2 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.
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