FXGiants Review

Review

FXGiants, regulated by the FCA in the United Kingdom, is a British Forex broker offering both retail Forex trading in more than 80 currency pairs, as well as trading in a range of Indices, Commodities, CFDs, Futures and individual shares. FXGiants were only established in the U.K. in 2015, but they have been around for longer in Australia and the company behind the organization is a well-established veteran of the Forex brokerage industry.

FXGiants

Accounts

FXGiants genuinely offers a meaningfully wide range of account types: it is possible to open either a market maker or no dealing desk type account, based on either commission only or spread type commissions, and regarding spreads they can be either fixed or floating.

Four account types are offered to accommodate these choices.

A micro account may be opened with a minimum deposit of $100 with either fixed or floating spreads. The benchmark EUR/USD spread is 2.2 fixed and a minimum of 1.1 floating. Maximum leverage given is 500 to 1 and the account may be opened in a wide range of base currencies.

A premium account may be opened with a minimum deposit of $2,500 with either fixed or floating spreads. The benchmark EUR/USD spread is 1.2 a minimum of 0.7 floating. Maximum leverage given is 500 to 1 and the account may be opened in the base currencies of USD, EUR or JPY.

A “0 Fixed Spread” account may be opened with a minimum deposit of $500. Maximum leverage given is up to 200 to 1 and the account may be opened in a wide range of base currencies. A minimum commission of $18 per lot is charged, which equates to an effective spread of about 1.8 pips on the benchmark EUR/USD currency pair.

An “STP/ECN No Commission” account may be opened with a minimum deposit of $100 with either fixed or floating spreads. The benchmark EUR/USD spread is 2.2 fixed and a minimum of 1.1 floating. Maximum leverage given is 500 to 1 and the account may be opened in a wide range of base currencies.

The spreads are quite competitive for the quoted minimum account sizes.

A demo account is available, as is typical with nearly all spot Forex brokers.

Islamic accounts and managed accounts are also offered.

A wide range of Forex currency pairs, Indices, Commodities, CFDs, Futures and individual shares may be traded with FXGiants.

Features

Trading can be done 24/5 through the Metatrader 4 (available with Mac, Windows, tablet or smartphone) or Personal Multi-Account Manager (PMAM) (not available on mobile devices) platforms.

The trader platforms offered are the well-known and extremely popular, easy-to-use Metatrader 4, and a Personal Multi-Account Manager (PMAM). The PMAM platform allows the management of multiple accounts and the creation of multiple funds, and is aimed at the semi-professional money manager managing assets on behalf of clients.

Education

FXGiants clearly focus on delivering a wide range of tradeable assets with prompt execution and easy-to-use platforms rather than the frills that some less substantial brokers prefer to lead with. As such, their educational content is restricted to a Forex Glossary and headlines concerning key economic and Forex-related news releases. The Glossary is useful but a little limited.

Bonuses and Promotions

At the time of writing, all new clients are entitled to a $35 bonus, which does not even require a deposit! This means that any eligible person can simply sign up and begin trading with $35.

There are no other current promotions, true to FXGIants’ reputation as a broker eschewing gimmicks.

Deposits/Withdrawals

Depositing funds into an FXGiants account is an easy and secure process. Funding can be done using a range of credit and debit cards, as well as by bank wire, neteller, fasapay, skrill, China Union, UnionPay and DotPay. Withdrawals can be made through exactly the same methods.

Different methods are subject to differing fees and conditions. The largest possible withdrawal fee that might be incurred is capped at $30.

Most of the maximum transaction levels are capped at approximately $5,000.

Customer Support

Customer support is based in London, United Kingdom, and is available in the English language. Traders can also contact FXGiants representative by telephone during business hours speaking a wide range of other languages, including Chinese, Spanish, Russian, Korean, Italian, Indonesian, Hungarian, Malay, Polish and Portugese.

Clients may use email anytime of the day. Chat is also available as a communication channel.

Safety of Funds

FXGiants place client money in segregated accounts with top tier banks. Additionally, as FXGiants are regulated by the FCA, depositors are insured by the British government up to deposits totaling GBP 75,00.

Conclusion

FXGiants seems to provide a decent, well-regulated, non-nonsense and safe offering for anyone wishing to trade not only a very wide range of Forex currency pairs, but also diversified instruments across all asset classes.

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Features

FXGiants has many attractive features including the website itself which uses colorful snapshots and easy access to information. The nicest feature of this broker is its stringent UK-based FCA regulation and deposit protection, wide choice of trading accounts and range of CFDs which are offered along with the more usual Forex currency pairs. Many exotic Forex pairs are also offered.

Company Information

  • Broker's Name : FXGiants
  • Headquarter : United Kingdom
  • Regulation : FCA

Account Information

  • Type of Broker : Market Maker
  • U.S. Clients Allowed :
  • Minimum Deposit : 100$
  • Maximum Leverage : N/A
  • Account 1 : Basic
  • Demo Account :
  • Islamic Account :
  • Segregated Account :
  • Managed Accounts :
  • Institutional Accounts :
  • Deposit Options :

Trading Platforms

  • Type of Platform : MetaTrader 4
    • Platform Languages :
      • English
  • Mobile Trading :

Customer Support

    • Website Languages :
      • English

Pros and Cons

  • Choice of Trading Accounts
  • Mobile Platform
  • Narrow choice of platforms
  • Lack of Peripheral Content

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Platforms

MT4

The FXGiants Metatrader 4 trading platform is designed for the active trader seeking comprehensive news and analytics, real-time charts and live quotes. It also contains a packed suite of management tools, expert advisors and indicators.

FXGiants broker

 

Personal Multi-Account Manager (PMAM)

The PMAM platform allows the management of multiple accounts and the creation of multiple funds, and is aimed at the semi-professional money manager managing assets on behalf of clients. To this end, the production of detailed activity reports I supported.

 

Mobile

Metatrader 4 is also available as a mobile app, functioning with all smartphones, although some elements of functionality are lost regardless of the quality of broker.

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User Reviews

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2 User Reviews
sajjad

fxgiants.com is scamed site they stoled my money of 1275$ now they not responding their live chat also making fool. beaware don't put your hard money with these scammer their are many other brokers like ICMarkets you can work with them. their team also postings positive comments on blogs sites but don't trust them if you ream any positive comment they posted by their own people. they also stoled money of many people i know

sajjad hussain

fxgiants is big scam. before this company worked with name of ironfx they scamed and rebrand its name. i created an account and started trading when i requested to withdraw my money. they scamer hold my account on investigation then stole my 1500$ and then they never reply of my email. when i talked to live support they told me you will be respond by email. don't make an account with fxgiants. i am going to put petition against this company. also i am going to tell everyone on internet through my blog websites social media i will also making a video for this scam. beaware

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