FXGT is a Forex company with many Japanese users. FXGT has a very good reputation among Japanese users, but which one is better compared to iForex, which has a good reputation as well? Let’s compare the features of the two companies.
FXGT company profile
The operating company is 360 Degrees Markets Ltd. 360 Degrees Markets Ltd is located in the Seychelles. Seychelles is an island country with many financial companies, and there are many companies that operate FX. This is due to the relatively loose regulation of the Seychelles.
What is iForex?
iForex is a long-established company that has been operating since the 1990s. However, there are many restrictions, automatic trading is not possible and scalping is prohibited, so the trading style is quite limited. Since the loss cut rate is 0%, it will be a Forex company with a high degree of freedom.
Account type and type
FXGT offers 5 account types, each with its own characteristics. Therefore, the account type you choose will depend on your trading strategy, user level, and trading method. It is better to compare the contents before deciding which account type is best for you.
word of mouth and reputation
One of the reasons why FXGT has such a good rating is that the deposits and withdrawals are very fast. This is quite popular with users, and some users are surprised at the speed of response.
FXGT VS iForex
|Seychelles||British Virgin Islands|
|360 Degrees Markets Ltd||Formula Investment House Ltd|
|Account Open Bonus|
|Account Open Bonus|
FXGT has a maximum leverage of 1000 times, so high leverage trading is possible. On the other hand, iForex is 400 times, and you may feel a little unsatisfactory.
Both have financial licenses. In addition, withdrawal refusals and troubles have not occurred so far, so you should be able to use it with confidence.
FXGT mainly supports only MT5. Therefore, you may find it difficult to use. On the other hand, iForex can only be traded with its own tools, so it may be even more difficult to use.
You can see that FXGT is very large in terms of the number of currency pairs handled as a whole. FXGT is good if you want to invest in many stocks.
average spread comparison
We compared FXGT’s standard account and iForex’s elite account. Looking at this, it’s easy to see that FXGT spreads are generally too wide. If you look at the spread, iForex is overwhelmingly better.
Open an account for free
FXGT can open an account for free. It’s free, so there’s no risk. Please refer to the article below on how to open an account.