TP Global FX vs FXGT

TP Global FX vs FXGT Comparison Table 2024
TP Global FX FXGT
TP Global FX has closed.
3.5

TP Global FX is an offshore broker with a strong focus on education and technical analysis tools. It offers STP pricing and up to 1:500 leverage on 50+ forex pairs and a smaller range of stocks, indices, commodities and cryptocurrencies. The broker supports the MetaTrader 4 and MetaTrader 5 platforms and offers additional services including copy trading and an informative daily blog.

FXGT is an offshore broker offering leveraged CFD trading on the MT4 and MT5 charting platforms. The broker is regulated by the FSCA and the VFSC and offers segregated accounts and negative balance protection for global clients.

Bonus Offer
Seasonal Bonuses Tiered Loyalty Bonus
Comment by Reviewer
"TP Global FX will suit forex traders who value true STP pricing, good educational resources and copy trading." "FXGT is a good choice for clients looking to execute short-term strategies including scalping, hedging, netting and automated trading. The $5 minimum deposit makes it easy to get started and there's a range of account types for beginners and pro traders."
Pros
  • Good range of frequently updated educational resources
  • Demo profile with unlimited simulated funds
  • Very tight spreads from 0.2
  • Support for MT4 and MT5
  • Copy trading service
  • Accepts crypto deposits
  • ~30ms execution speeds
  • High leverage available
  • True STP pricing
  • The MT4 and MT5 will serve day traders looking for reliable charting software
  • The broker offers free deposits and withdrawals, with fast processing
  • Beginners will appreciate the low $5 minimum deposit across all account types
  • FXGT's sponsored VPS is fully integrated into MT5 and offers 3GB RAM and 16GB disk space
  • Negative balance protection is available for global traders
Cons
  • Limited consumer protections in place including negative balance protection
  • High commissions of $15/$8 for the low-spread accounts
  • Not overseen by any top-tier regulators
  • Narrow choice of deposit options
  • Small range of non-forex assets
  • The broker holds weak offshore regulatory licensing compared to alternatives
  • The broker doesn't offer any proprietary software or additional market research tools
  • There are very limited educational resources available
Awards
  • Most Transparent Broker 2021 - Forex Broker Awards
  • Best FX Educational Broker 2021 - Forex Broker Awards
  • Best Affiliate Program 2021 - Forex Broker Awards
Instruments
Forex, CFDs, indices, commodities, cryptocurrencies CFDs on Forex, Stocks, Indices, Metals, Energies
Demo Account
Yes Yes
Minimum Deposit
$200 $5
Trading Platforms
  • MT4
  • MT5
  • TradingCentral
  • MT4
  • MT5
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
SVGFSA, VFSC, CAMA FSCA, VFSC, FSA
Margin Trading
Yes Yes
STP Account
Yes Yes
ECN Account
No Yes
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
Yes (iOS & Android) iOS & Android
Android App Rating
4.4
iOS App Rating
4.8
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes No
Copy Trading Platform
Follow and copy multiple professional traders using performance analytics and market signals at TP Global FX.
Social Trading
Yes No
Trade Signals
Yes MT5
VPS Hosting
No Yes
Tournaments
Yes No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
Yes Yes
Account Currencies
  • USD
  • USD
  • EUR
  • JPY
Stock Exchanges
Commodities
CFD Trading
TP Global FX clients can trade CFDs on forex as well as around 12 stocks, 12 indices, five cryptocurrencies and commodities including gold, silver oil and gas. CFDs trade with up to 1:500 leverage on the hugely popular and reliable MT4 and MT5 platforms. Speculate on rising or falling prices with leveraged CFDs.
Leverage
1:500 1:1000
FTSE Spread
Not offered 110
GBPUSD Spread
From 0.2 pips 2.2
Oil Spread
From 0.2 pips 1.1
Stocks Spread
From 0.2 points 1.2 (Apple Inc)
Forex Trading
TP Global FX offers trading on 50+ forex pairs with a good selection of minors and exotics as well as the majors. The broker offers fast 30ms execution speeds with a Straight-Through Processing system. Very tight spreads starting from 0.2 are available on pro accounts, while standard commission-free account spreads start from 1.2. Speculate on a decent list of forex pairs with a choice of account types.
GBPUSD Spread
From 0.2 pips 2.2
EURUSD Spread
From 0.2 pips 2.2
EURGBP Spread
From 0.2 pips 3.3
Assets
50+ 53
Cryptocurrency
TP Global FX offers CFDs on five cryptocurrencies paired with USD. Spreads are lower than many alternatives and users can trade crypto 24/7 without interruption. Crypto trading not offered
Spread
Variable
Coins
  • BTC
  • ETH
  • LTC
  • XRP
  • EOS
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
TP Global FX has closed.
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