Information
Trade Forex: In-Depth Review of FXGiants Broker
Introduction to FXGiants
FXGiants is a renowned international online broker that has been catering to both retail and institutional traders worldwide since its establishment in 2015. This comprehensive review of FXGiants aims to provide you with a detailed insight into their offerings, regulatory status, trading accounts, trading platforms, available tools, and more.
Regulation and Safety
FXGiants operates under the umbrella of three distinct companies, each registered in a different jurisdiction to ensure regulatory compliance and safety for their clients:
- Notesco UK Limited: Authorized and regulated by the FCA in the United Kingdom.
- Notesco Pty Limited: Authorized and regulated by ASIC in Australia.
- Notesco Limited: Registered in Bermuda and globally managed, offering a range of services.
Client funds are diligently segregated from the company’s funds and kept in separate accounts with reputable banks. This segregation ensures that client funds remain safe and secure. FXGiants is also a member of the FSCS compensation fund, providing clients with additional protection and compensation in case the company fails to meet its financial obligations.
Leverage Options
Leverage options vary depending on the entity under which you open a trading account:
- European traders are subject to ESMA policy restrictions, with a maximum leverage of 1:30.
- International traders can access leverage of up to 1:1000, providing greater flexibility in their trading strategies.
Trading Accounts and Commissions
FXGiants caters to a wide range of traders with its flexible account options:
- Live Floating Spread: A commission-free account with a floating spread of 1 point or more.
- Live Fixed Spread: Another commission-free account featuring a fixed spread of 1.2 pips or more.
- Live Zero Fixed Spread: This account offers a fixed spread of 0 points with a commission of $9 per lot.
- STP/ECN No Commissions: An STP/ECN account without commissions and a floating spread of 1.7 pips.
- STP/ECN Zero Spread: STP/ECN account with a floating spread of 0 points and a commission of $3.75 per lot.
- STP/ECN Absolute Zero: Another STP/ECN account without commissions, featuring a floating spread of 0.2 pips.
This diverse selection of accounts ensures that traders of all experience levels can find an option that suits their trading style.
Trading Platforms
FXGiants provides access to powerful and flexible trading platforms based on MetaTrader 4 (MT4). These platforms are available for Windows, Mac, Android, and iOS devices, allowing traders to access their accounts from anywhere with an internet connection. Additionally, FXGiants offers the Multi Account Manager (MAM) for investors and managing traders, facilitating group trading.
Trading Instruments
With over 300 trading instruments available, FXGiants covers a wide array of asset classes, including Forex, Commodities, Stocks, Indices, Metals, Futures, and CFDs. This extensive selection ensures that traders can diversify their portfolios and explore various markets.
Minimum Deposit and Bonuses
The minimum deposit requirement at FXGiants is $100, although this amount may vary depending on the chosen trading account and jurisdiction. It’s worth noting that FXGiants offers no deposit bonuses for verifying your phone number and email address, providing an additional incentive for new traders.
Conclusions
In conclusion, FXGiants is a reputable international online broker that offers a diverse range of trading tools and platforms to cater to traders worldwide. Their commitment to regulatory compliance and the safety of client funds is evident through their segregated accounts and FSCS membership. Additionally, the various trading accounts and leverage options make FXGiants suitable for traders of all levels of experience.
Before making a final decision, we recommend consulting our comprehensive rating of Forex brokers and reading reviews specific to FXGiants. This additional research will help you make an informed choice and ensure that FXGiants aligns with your trading goals.
General Information on FXGiants:
- Broker Name: FXGiants
- Year of Foundation: 2015
- Headquarters: London, United Kingdom
- Regulation: FCA (UK), ASIC (Australia)
- Trading Platforms: MT4
- EURUSD Spread: 1.0 points
- Demo Account: Available
- Minimum Deposit: $100
- Base Currencies: USD, EUR, GBP
- Maximum Leverage: 1:1000
- Assets: Currency pairs, indices, metals, commodities, and stocks
- Deposit Replenishment: Bank Transfers, Debit/Credit Cards, Skrill, Neteller, China UnionPay, BTC
- Fee for Withdrawal: Not specified
- Payment for Inactivity: Not specified
- Islamic Accounts: Not specified
- Segregated Account: Yes
- PAMM Accounts: Not specified
- Affiliate Account: Available
- Scalping: Not specified
- Automated Trading: Available
- Mobile Trade: Available
- Web Terminal: Available
- Social Trading: Available
- Signals: Available
- VPS: Available
- Deposit Bonus: Available
- Contests: Not specified
- 24/7 Support: Not specified
