FXGiants
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Popularity | |
Leverage | Up to 1:500 |
Minimum Deposit | $100 |
Regulation | ASIC, CySEC, FCA |
Payment Methods | Bank Wire, Credit Card, PayPal, Skrill, Neteller |
Trading Assets | Forex, Indices, Metals, Energies, Stocks, Cryptocurrencies |
MT4 | ✅ |
MT5 | ✅ |
Spreads | Low |
Average cost: EUR/USD | 1.2 pips |
Demo Account | ✅ |
Islamic Account | ✅ |
MAM | ✅ |
PAMM | ✅ |
CopyTrading | ✅ |
ZuluTrade | ❌ |
Scalping | Yes |
Signals | ✅ |
EAs/Robots | Available |
Negative Balance Protection | Yes |
Deposit Fee | ❌ |
Withdrawal Fee | ❌ |
Inactivity Fee | Yes, after 12 months of inactivity |
Year Established | 2015 |
Address | 12 Finsbury Square, London EC2A 1AS, United Kingdom |
Contact Information | Email: [email protected], Phone: +44 207 523 5394 |
Mobile Trading APP | |
Rating | ★★★★☆ 4.5 |
Website |
Pros and Cons
- Wide range of trading assets and markets
- Competitive spreads and low trading costs
- Support for MT4 and MT5 platforms
- Comprehensive educational resources for traders
- Strong regulatory framework and security of funds
- Zulu Trade platform not supported
- Inactivity fee after 12 months
- Limited customer support hours
- Some users report delays in withdrawal processing
- Scalping restrictions may apply
Introduction
In the world of online trading, selecting the right broker is paramount to a trader’s success.
FXGiants, a well-known broker in the financial markets, offers a comprehensive trading environment for traders worldwide.
This review aims to provide an in-depth analysis, covering its services, platform offerings, account types, and much more to help you decide if it’s the right broker for your trading needs.
Open a free accountCompany Background
History and Establishment
FXGiants was established with the goal of providing a robust trading platform for traders at all levels.
Since its inception, it has grown significantly, offering a wide range of financial instruments across different markets.
Regulatory Status and Licensing
Regulation is crucial in the trading world, and the company is regulated by several reputable bodies, including ASIC, CySEC, and FCA.
This ensures that they adhere to strict financial standards and practices, offering traders peace of mind regarding the security of their investments.
Account Types
FXGiants understands that traders have different needs and preferences.
As such, they offer a wide array of account types:
Standard Account
The Standard Account is the entry point for most traders and is particularly suited to those new to the forex market.
It’s designed to offer a straightforward trading experience with features that include:
- Minimum Deposit: The account can be opened with a relatively low initial deposit, making it accessible to a wide range of traders.
- Spreads: Traders can expect competitive spreads starting from 1 pip, which is quite reasonable for newcomers.
- Leverage: Offers leverage up to 1:500, allowing traders to amplify their trading capacity while understanding the associated risks.
- Commission: No commission on trades, which means traders only deal with the spread as their primary trading cost.
Premium Account
For more experienced traders who are looking to take their trading to the next level, the Premium Account offers enhanced features such as:
- Lower Spreads: Premium accounts benefit from even lower spreads, starting at 0.7 pips, allowing for cost-effective trading strategies.
- Higher Leverage Options: While the leverage options remain flexible, traders can negotiate for specific leverage settings based on their trading style and risk management preferences.
- Dedicated Account Manager: Access to a dedicated account manager provides personalized support and guidance, enhancing the trading experience.
- Commission: Like the Standard Account, the Premium Account also offers commission-free trading.
VIP Account
The VIP Account is tailored for high-volume traders and institutional investors, offering the best trading conditions and exclusive services:
- Ultra-Low Spreads: Spreads start from as low as 0.2 pips for major currency pairs, significantly reducing trading costs for high-frequency traders.
- Customized Leverage: VIP clients have the flexibility to request specific leverage settings that best suit their trading strategies and risk tolerance.
- Personalized Services: Includes priority customer support, one-on-one consultations with market analysts, and customized trading insights.
- Commission: Offers a highly competitive commission structure that rewards high-volume trading with lower costs.
Islamic Account
In addition to these account types, it also offers an Islamic Account option, catering to traders who follow Sharia law.
This account type ensures that trading activities comply with Islamic principles, including:
- Swap-Free: Positions held overnight do not incur swap or rollover interest, aligning with Islamic finance principles.
- Transparent Fees: All fees are clearly stated upfront, with no hidden charges, ensuring ethical trading practices.
- Access to All Instruments: Islamic Account holders can trade all the instruments available to Standard or Premium account holders without restrictions.
Demo Account
The broker also provides a Demo Account for traders who wish to practice their trading strategies in a risk-free environment.
This account type offers:
- Virtual Funds: Traders can use virtual funds to simulate trading activities without the risk of losing real money.
- Access to Real Market Conditions: The Demo Account mimics real market conditions, providing a realistic trading experience.
- Educational Purpose: It’s a valuable tool for beginners to learn trading basics and for experienced traders to test new strategies.
By offering a range of account types, FXGiants ensures that traders of all levels, from beginner to professional, have the opportunity to find an account that fits their trading needs and financial goals.
Each account type is designed with specific features and benefits, allowing traders to customize their trading experience according to their preferences and requirements.
Discover all bonusesTrading Platforms
FXGiants offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.
These platforms are renowned for their advanced charting tools, automated trading capabilities (Expert Advisors), and user-friendly interfaces.
Whether you’re a beginner or a seasoned trader, MT4 and MT5 provide everything you need to analyze markets, execute trades, and manage your portfolio efficiently.
Trading Instruments
Traders have access to a wide array of trading instruments, including:
- Forex: A vast selection of currency pairs, from majors to exotics.
- Stocks: Trade shares from leading global companies.
- Commodities: Includes metals, energies, and agricultural products.
- Indices: Access to major global stock indices.
Spreads and commissions vary depending on the account type and the instrument being traded.
Deposits and Withdrawals
FXGiants offers multiple payment methods for deposits and withdrawals, including bank transfers, credit cards, and e-wallets like PayPal and Skrill.
They strive to process transactions swiftly, though times may vary based on the method used.
Detailed information on any associated fees is transparently provided on their website.
Customer Support
Customer support is available 24/5, with services provided in multiple languages to cater to their global client base.
Feedback on the quality of support is generally positive, with traders appreciating the timely and helpful responses from the support team.
Educational Resources and Trading Tools
Educational Resources
FXGiants offers a range of educational materials, including webinars, e-books, and articles, designed to help traders at all levels improve their trading skills and knowledge.
Trading Tools
A selection of trading tools is available to enhance the trading experience, including economic calendars, market analysis, and trading calculators.
Trading Experience
The user experience on both the desktop and mobile versions of their trading platforms is intuitive and user-friendly.
Mobile trading capabilities ensure that traders can manage their accounts and trade from anywhere, at any time.
Security and Regulation
The company places a high emphasis on the security of client funds and personal information.
Regulatory compliance with several top financial authorities provides a secure trading environment, while advanced security measures protect data and financial transactions.
Conclusion
FXGiants offers a comprehensive trading service suitable for a wide range of traders.
With many account types, advanced trading platforms, a broad range of financial instruments, and a strong regulatory framework, FXGiants is a competitive option in the online brokerage industry.
Whether you’re just starting out or are an experienced trader, FXGiants provides the tools and resources necessary for a successful trading journey.
Visit website: www.fxgiants.comUser Reviews
Broker Video: How to deposit
Frequently Asked Questions (FAQ)
What trading platforms does FXGiants offer?
It supports the popular MetaTrader 4 and MetaTrader 5 platforms, offering comprehensive tools and charts for traders of all levels.
Is FXGiants regulated?
Yes, the company is regulated by multiple reputable regulatory bodies, including ASIC, CySEC, and FCA, ensuring a secure trading environment.
What types of accounts does it offer?
FXGiants offers a variety of account types, including Standard, Premium, and VIP accounts, to cater to different trading needs and preferences. They also offer Islamic accounts and demo accounts.
Can I trade cryptocurrencies?
Yes, FXGiants offers trading on a selection of cryptocurrencies alongside traditional assets like forex, metals, and indices.
What are the deposit and withdrawal methods available?
FXGiants accepts several payment methods for deposits and withdrawals, including bank wire transfer, credit/debit cards, PayPal, Skrill, and Neteller.
Does it charge any inactivity fees?
Yes, FXGiants charges an inactivity fee if your account remains inactive for 12 months or more.
How can I contact the broker customer support?
You can contact their customer support via email, phone, or live chat during their business hours. Detailed contact information is available on their website.
Resources
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Last update:</strongApril 27, 2024