Choosing a broker involves considering multiple factors, including trading costs, execution conditions, platform features, and fund security. Different traders may prioritize different aspects, with some focusing more on costs and execution efficiency, while others place greater importance on regulation, trading tools, and market coverage. This review analyzes FXT’s trading environment, account types, fee structure, platform features, and suitability for different types of traders.
Is FXT Legit and Safe?
FXT provides services to clients in different regions through entities regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC). Depending on their location, clients may be assigned to different regulatory entities when opening an account and will be subject to the corresponding regulatory requirements and client protection arrangements.
What Is FXT? Company Background
FXT is a multi-asset broker founded in 2014 and headquartered in Sydney, Australia. The platform was previously known as Rubix FX and completed its rebranding in February 2020 to support its global business expansion. FXT operates as a brand under Gleneagle Securities, an Australian financial services company with more than ten years of industry experience, primarily connecting retail clients with deep liquidity resources.
FXT Regulation
FXT is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC). The ASIC-regulated entity mainly serves Australian clients, while the VFSC-regulated entity provides services to certain international clients. You can visit the ASIC official website and verify the relevant authorization by searching for Australian Financial Services Licence (AFSL) number 337985.
The table below shows FXT’s operating entities and their respective regulatory licences:
| Entity Name | Regulator | Licence Number | Regulatory Arrangement | Investor Protection |
|---|---|---|---|---|
| Gleneagle Securities (Aust) Pty Limited | Australian Securities and Investments Commission (ASIC) | AFSL 337985 | Australian regulated entity | Segregated client funds, negative balance protection, professional indemnity insurance |
| Gleneagle Securities Pty Limited | Vanuatu Financial Services Commission (VFSC) | Licence No. 40256 | Vanuatu regulated entity | Segregated client funds and negative balance protection, but no statutory investor compensation scheme |
Clients in Australia who open accounts through the ASIC-regulated entity benefit from client protection measures under the local regulatory framework. International clients who open accounts through the VFSC-regulated entity are subject to different regulatory conditions and should understand the applicable protection scope and trading restrictions.
Which FXT Entity Provides Services in Your Region?
- Account entity allocation: Australian residents open accounts through the ASIC-regulated entity, while clients from most other regions are generally assigned to the offshore entity regulated by the VFSC.
- Differences in investor protection: The ASIC entity applies retail leverage limits and provides corresponding consumer protection measures, while the VFSC entity operates under different leverage conditions and client protection arrangements.
- Verification process: Account approval requirements may vary depending on the client’s location and the applicable regulatory entity.
Restricted Countries and Regions
- Unavailable regions: Due to regulatory restrictions, FXT does not accept clients from the United States, Ontario (Canada), North Korea, Iran, or New Zealand.
- Local regulatory requirements: The platform does not actively provide services in regions where forex or CFD trading is restricted or prohibited by local regulations.
How Are Client Funds Protected?
FXT applies several fund management measures to protect client funds:
- Segregated client funds: Client funds are held in separate segregated accounts and managed independently from the company’s operational funds. Partner banks include Australian financial institutions such as National Australia Bank and Westpac.
- Negative balance protection: FXT provides negative balance protection for retail traders, helping prevent account balances from falling below zero due to significant market movements.
- Professional indemnity insurance: The broker maintains professional indemnity insurance, which may provide coverage of up to AUD 200,000 for certain administrative errors.
FXT Account Types
FXT offers multiple account options designed to meet the needs of traders with different strategies and capital sizes. Account types vary in terms of spreads, commissions, and minimum deposit requirements, allowing traders to choose an option based on their trading frequency and cost preferences.
FXT Account Types and Minimum Deposit Requirements
FXT provides different account options based on trading cost models, including commission-free accounts and raw spread accounts.
- Standard Account (minimum deposit USD 50): Spreads from 0.2 pips with no trading commission.
- Standard Plus Account (minimum deposit USD 50): Spreads from 0.3 pips with no trading commission.
- Standard Pro Account (minimum deposit USD 100): Spreads from 0.1 pips with no trading commission.
- Raw Spread Account (minimum deposit USD 50): Spreads from 0.1 pips with a commission of USD 7.00 per standard lot round turn.
Active traders may pay closer attention to the Raw Spread Account’s cost structure, as it combines lower spreads with a fixed commission model. For traders with lower trading frequency, commission-free accounts may offer a simpler way to calculate overall trading costs.
Does FXT Offer Islamic Accounts?
FXT currently does not offer Islamic accounts (swap-free accounts) for its standard or professional account types. Traders who require accounts that comply with Islamic finance principles should confirm available options with the broker before opening an account.
FXT Fees and Trading Costs
FXT’s trading costs mainly depend on the selected account type. Standard accounts primarily charge trading costs through spreads, while Raw Spread accounts use a pricing model that combines lower spreads with commissions.
FXT Trading Fees (Spreads / Commissions / Swap Fees)
FXT applies different cost structures depending on the account type. The Raw Spread Account offers lower spreads with a fixed commission, while Standard Accounts do not charge trading commissions and reflect costs through spreads. Overnight swap fees are calculated daily based on open positions, with triple swap charges typically applied on Wednesdays.
FXT Non-Trading Fees (Inactivity Fee / Currency Conversion Fee)
FXT does not charge account maintenance fees or inactivity fees, meaning clients will not incur additional charges even if their accounts remain inactive for an extended period. However, currency conversion costs may apply when transactions involve different currencies. Supported account base currencies include USD, EUR, GBP, AUD, SGD, NZD, and CAD.
FXT Deposits and Withdrawals
FXT supports bank cards, bank transfers, and various electronic payment methods, including Visa/Mastercard, Skrill, Neteller, PayPal, and Tether (USDT, supported through ERC20/TRC20 networks). The minimum deposit and withdrawal amount is generally USD 50. Some deposit methods may be processed instantly, while withdrawal requests are usually processed within 24 hours. Actual processing times may vary depending on the payment method and banking procedures.
FXT Trading Platforms, Trading Conditions and User Experience
FXT provides multiple trading platforms and related tools, including MetaTrader platforms, its proprietary web-based platform, and mobile trading applications. Different platforms offer various functions for automated trading, chart analysis, and account management.
Does FXT Support MT4, MT5 and Mobile Trading?
FXT supports MetaTrader 4 and MetaTrader 5, along with web-based and mobile trading tools. Both MT4 and MT5 support Expert Advisor (EA) automated trading. FXT WebTrader integrates TradingView charting features, allowing users to monitor market data and manage trades through a browser. On mobile devices, the FXT Mobile App supports iOS and Android, enabling users to view market prices and manage trading accounts. FXT Social Trading also provides copy trading functionality.
What Products Can You Trade with FXT?
FXT offers more than 500 CFD products across multiple markets, including forex, commodities, indices, stocks, and cryptocurrencies.
- Forex: More than 70 currency pairs are available, including major pairs, cross pairs, and selected minor pairs.
- Commodities: Includes precious metals such as gold and silver, as well as energy products including WTI crude oil and Brent crude oil.
- Indices: Provides CFD trading on major global indices.
- Cryptocurrencies: Offers various cryptocurrency CFDs, including Bitcoin (BTC) and Ethereum (ETH).
- Stocks: Provides CFD trading on selected stocks from the US and Hong Kong markets.
FXT Leverage, Margin and Order Execution
FXT offers different leverage conditions depending on the regulatory entity serving the client. The applicable leverage level varies based on the client’s location and regulatory requirements. The platform provides margin warnings and stop-out mechanisms, and traders need to manage position sizes according to their own risk management approach.
| Asset Class | ASIC-Regulated Entity (Australia) | VFSC-Regulated Entity (Vanuatu) |
|---|---|---|
| Major Forex Pairs | Up to 1:30 | Up to 1:2000 |
| Gold and Minor Forex Pairs | Up to 1:20 | Up to 1:500 |
| Indices / Major Energy Products | Up to 1:10 / 1:20 | Up to 1:100 |
| Stock CFDs | Up to 1:5 | Up to 1:10 |
| Cryptocurrency CFDs | Up to 1:2 | Up to 1:100 |
FXT Research Tools and Education Resources
FXT provides market analysis tools through Trading Central, helping traders access technical analysis and market research content. For algorithmic traders who meet the required trading volume conditions, the broker also provides low-latency VPS services.
However, FXT’s educational resources mainly focus on basic trading content and lack a structured course system or comprehensive video training program. As a result, the platform may be more suitable for traders with existing market experience who can conduct independent analysis.
How Is FXT Customer Support?
FXT provides customer support through multiple channels, including email, telephone, live chat, and WhatsApp. Human customer service is available 24/5, while automated assistance services operate around the clock.
Clients can contact the support team through Australian local phone numbers or international contact channels. Available contact methods may vary depending on the client’s region and account entity.
FXT Pros and Cons
Pros
- Low-cost trading accounts: FXT Zero accounts offer commissions as low as USD 0.80 per standard lot round turn, making them suitable for active traders focused on reducing trading costs.
- Support for mainstream trading platforms: FXT provides MT4, MT5, and mobile trading tools, with EA automated trading support for traders using algorithmic strategies.
- Wide range of CFD products: FXT offers more than 500 CFD products covering major asset classes, including forex, commodities, indices, stocks, and cryptocurrencies.
- Suitable for execution-focused traders: FXT provides low-latency trading infrastructure, VPS support, and multiple account pricing models to meet the needs of traders who prioritize execution efficiency.
Cons
- Limited educational resources: FXT provides research tools such as Trading Central, but its structured courses and training materials are relatively limited, offering fewer learning resources for beginners seeking a complete education system.
- Account conditions vary by region: Different regulatory entities apply different leverage levels and client protection arrangements, so international clients need to confirm the applicable account entity.
Who Is FXT Best For?
FXT is more suitable for traders who focus on execution, platform functionality, and flexible trading conditions. Its different account structures and regulatory entities may make it more suitable for certain trading styles and regions.
Is FXT Suitable for Scalpers and Algorithmic Traders?
With support for MT4 and MT5 platforms, EA automated trading functionality, and a Raw Spread Account structure, FXT may be suitable for scalpers and algorithmic traders. Traders can select different pricing models based on their preferred trading approach and use available platform tools to implement their strategies.
Is FXT Suitable for Copy Trading?
FXT provides FXT Social Trading, offering copy trading tools for users who want to replicate other traders’ strategies. This feature may suit traders who prefer to reduce the time spent on independent market analysis and focus on strategy-following experiences.
Is FXT Suitable for Beginners?
FXT’s suitability for complete beginners depends on whether users require structured learning resources. The platform provides basic research tools, but its educational content is relatively limited. In addition, some high-leverage conditions require traders to have stronger risk management skills.
- Best suited for: Active traders who focus on execution, MetaTrader platforms, and automated trading strategies.
- Less suitable for: Beginners who need a complete educational system or traders requiring specific account conditions.
FXT vs Other Popular Brokers
Different brokers vary in terms of regulatory coverage, trading costs, platform support, and product offerings. The following comparisons highlight the differences between FXT and several popular brokers across key trading conditions.
FXT vs Vantage
Both FXT and Vantage provide forex and CFD trading services and support MetaTrader platforms. FXT offers different account structures and pricing models, while Vantage provides access to multiple markets and a range of trading tools. The two brokers differ in terms of regulatory entities, account conditions, and supported regions, so traders should compare them based on their own requirements.
FXT vs TMGM
FXT and TMGM both provide CFD products including forex, indices, and commodities, while supporting mainstream trading platforms. FXT offers multiple account models and automated trading support, whereas TMGM provides different trading options across various market environments. The two brokers differ in terms of fee structures, regulatory arrangements, and product ranges.
FXT vs IC Markets
FXT and IC Markets both target traders who focus on execution quality and cost control. FXT provides multiple account types and Social Trading functionality, while IC Markets is known for its low-spread trading environment and support for automated trading. Traders can compare both brokers based on their strategies, cost preferences, and regional regulatory requirements.
FXT Summary
FXT provides multiple account types, more than 500 CFD products, and access to mainstream trading platforms such as MT4 and MT5, making it suitable for traders who focus on execution, platform functionality, and flexible trading conditions. Different regulatory entities apply different leverage levels and client protection arrangements, so traders should confirm the applicable service entity and account conditions before opening an account.
For traders who require extensive educational resources or specific account features, FXT’s offering may have certain limitations. Users should consider their trading objectives, risk management approach, and local regulatory environment to determine whether the platform’s conditions align with their individual needs.
Editorial Transparency: This FXT review is based on information from FXT’s official website, publicly available regulatory information, and materials provided by the broker. The article focuses on the broker’s regulatory arrangements, account conditions, fee structure, trading platforms, and service features.
Last updated: September 2026.
