FXGiants Review

Point Summary

Is FXGiants safe or a scam

FXGiants currently operates from the UK and Australia and is a registered brand of Cyprus-based IronFX Global, which had a regulatory issue with CySEC regarding trader withdrawals.

In Australia, FXGiants is a trade name of GVS Pty Limited that is authorized and regulated by the Australian Securities and Investment Commission or ASIC under the AFSL no. 417482. Their official website is located at www.fxgiants.com.au.

In the United Kingdom, FXGiants is a trade name of 8Safe UK Ltd, and is authorized and regulated by the Financial Conduct Authority or FCA under license number 585561. Their official website can be found at www.fxgiants.co.uk.

How are you protected?

Depending on a user’s geographical region you can visit FXGiants.co.uk which is regulated by the UK Financial Conduct Authority. Depositors are insured by the British government up to deposits totaling GBP 75,00.

Accounts

The variety of trading accounts they offer at FXGiants, is suited to different types of investors. From beginners to experienced traders, from small depositors to large, the range of trading account types they offer are tailor-made to match your needs and investing goals. You could also register additional trading accounts through their Client Portal upon registration.

They offer 6 different account types called Live Floating Spread, Live Fixed Spread, Live Zero Fixed Spread, STP/ECN No Commissions, STP/ECN Zero Spread and STP/ECN Absolute Zero.

Each account type comes with different features and benefits with some commission-free and some commission-based and some offering up to 1:1000 leverage.

Live Acounts

STP/ECN Accounts

How to open new account at FXGiants

The procedure of account opening is easy and fast and takes less than 1 minute.

Click here to go to the website

You will just be requested to provide the basic information about yourself (name, surname, email etc.). The application is then sent for review and is confirmed via email with a trading account number and password sent through, as well as download links for MetaTrader 4.

FXGiants also provides users with their own customer portal to open live and demo accounts, deposit and withdraw funds, as shown below:

To gain full access, users will need to upload proof of identification and address documents. FXGiants does not offer its services to residents of certain jurisdictions such as USA, Iran, Cuba, Sudan, Syria and North Korea.

Demo account

At FXGiants, they aim to make your trading life easier - and if youre new to the world of trading (or youre an experienced trader but new to FXGiants), you can download the demo version and practise with $200,000 of virtual funds.

Its free to sign up for one of their demo accounts and they will not ask you for any payment details, such as credit card information, when you do. Its a risk-free opportunity to learn more about FXGiants and to practise trading.

Pacticing with Demo account helps you better understand how to execute trades, as well as your risk exposure.Success or failure in simulated trading bears no relation to probable future results with any live trading that you may choose to engage in.

Products

Trading Platforms

FXGiants offers users the ability to trade on the globally-recognised MetaTrader 4 trading platform for Web, PC and Mobile. Download links can be found in the customer portal area or directly from the broker’s website

Web and Desktop Trading Platforms

MetaTrader 4 WebTrader

The MT4 platform is optimized to operate through any browser. Reliable and fast, MetaTrader offers you the chance to trade with ease, without having to download. Yet, you will still be able to utilize the platform to its fullest, along with almost every function of it. The powerful charting system, technical indicators, analytical tools and all the astonishing traits of the platform are still available through the WebTrader.

It also offers additional advantages such as:

• Simple. One-click trading.
• Efficient. Customizable and adaptable.
• Alert. Real-time trade notifications.

Below is a screenshot of the MetaTrader 4 trading platform

While Web version is a little limited in its tools compared to desktop version it still offers the most important point which are needed in every day trading such as notificaiton

Mobile Platform

The MT4 platform also comes with a fully functioning mobile version, which is available both on Android and iOS devices. Users can find download links for the app in the customer portal area, on the broker’s website or in the Google Playstore or Apple Appstore.

The MetaTrader 4 mobile trading app allows users to trade directly from the chart, view real-time prices across multiple markets and access other features, as the home screen shows below:

Deposits and Withdrawals

Deposits

FXGiants accepts multiple deposit options, including Visa, MasterCard, Nettler, Skrill, coinbase, paymero, Zotapay.

It is easy to see these methods once logged into the customer portal area, as shown below:

They do not charge any fees for deposits. However, your respective banks or payment providers might charge you additional fees.

What is the minimum deposit amount at FXGiants?

The minimum deposit is $100.

How long does a Deposit take?

Most of method are Instant processing except Wire Transfer 2-5 working days

How can I fund my account at FXGiants?

You will be able to make your first deposit right after account opening. However, you may always log in to your Hub and choose finances tab in the menu. Deposit option will be available along with a variety of offered funding types.

Account Base Currency?

The currencies in which you can deposit depends on the payment method you chose. Main currencies are USD, GBP, EUR and JPY. Deposits in different currencies will be converted into the base currency of your trading account at the prevailing rate at the given time. You can always see the variety of supported currencies on funding page.

Register FXGiants Account

Withdrawals

Withdrawals is the same method with Deposits as shown below:

What is the maximum withdrawal amount?

The maximum transaction amount for Visa and MasterCard is US$5,000.

Does FXGiants charge withdrawal fees? You can withdraw your profits only through Bank Wire. You can receive your initial deposit via the payment method initially used and then all excess funds (profits) will be sent to your bank account. In order for the above to take effect, you need to apply for a bank withdrawal from your Hub.

Commissions and Fees

Customers will be required to deposit a minimum of $100 to get trading with FXGiants. While this is quite high compared to other brokerages out there, considering the average initial investment of most users, this isn’t as much of a hindrance as you might think. When it comes to forex trading,

FXGiants offer both fixed and floating spreads which tend to vary depending on the type of trading account you have with them. On certain account types, spreads start from 1.7 pips on EUR/USD, while on others, there are no fixed spreads—however, this involves a fixed commission with $9 per lot of Live Zero Fixed Spread, $3.75 per lot of STP/ECN Zero Spread

Some of the Spread information can be found directly on the broker’s website of each account type as shown below:

Forex Trading

Commodities Trading

Metals Trading

Energies Trading

Swap rates can be found in the MetaTrader 4 trading platform under Specification on the symbol you are trading. It’s also worthwhile remembering there are fees for inactivity of a fixed, annual 50 USD administrative fee and an administration fee of 3%.

Overall, if you want an accurate picture of the spreads and commissions you will incur, you should first go to the website and decide what sort of trading account you want to open up with them.

Bonuses and Promotions

There isn’t too much when it comes to bonuses or promotions. Currently FXGiants offers No Deposit Bonus, email verification bonus and phone verificaiton bonus


Here are two bonuses of No Deposit Bonus

40% Booster Bonus

The chance to obtain a 40% bonus on all deposits available to the trader. The maximum amount of this compensation does not exceed USD 4 thousand. Similar promotion can improve significantly the whole trade efficiency. It should be noted that FXGiants discloses bonuses and rules of work with them in detail


100% Bonus Maximiser

With this award the project enables customers to maximize their commercial potential. Offer shall be valid throughout 2020 and shall be available for clients with the deposit amount for at least USD 500. The bonus period shall be valid for 30 months. Profit from the account can be derived when receiving a certain amount of profit.

Trading Features

Personal Multi-Account Manager (PMAM)

In addition to the MetaTrader platform, FXGiants offers their clients a Personal Multi-Account Manager or PMAM. This software package is a complete risk management platform allowing the user to access and manage multiple trading accounts and create multiple funds. Orders can be entered using a one click entry procedure, and the platform can be used to closely monitor both market and account activity.

Auto Trade

Connect your trading account to FXGiants AutoTrade platform and copy profitable trades automatically. AutoTrade allows both experienced and novice traders to follow successful strategies of other investors without the need of downloading additional software.


MT4 VPS

Connect your trading account to FXGiants Free MT4 VPS (Virtual Private Server) and make the most out of trading. Access your trading account from anywhere, anytime, eliminate downtime and insert speed to your trades.

• Optical fibre connectivity
• Ideal for EAs
• Ready-made and configured virtual terminal
• Run orders with minimal delay
• 24/5 automated trading
• Optimal connectivity speed
• Fast recovery of lost data

Who can request VPS

Register FXGiants Account

Customer Support

Research Education

EDUCATION

While FXGiants does not provide any trader education from their website, they do offer the use of mobile trading app PFOREX which has educational videos and content. This can be downloaded from the Google Playstore or Apple Appstore and by emailing FXGiants customer support for login information.

The PForex app has more than 100 trading courses and videos suited to traders of all levels and styles. The educational material is available in multiple languages and can help to enhance your overall trading knowledge.



RESEARCH

FXGiants also does not provide any trader research from their website, they do offer the use of mobile trading app PFOREX for live signals and analysis. This can be downloaded from the Google Playstore or Apple Appstore and by emailing FXGiants customer support for login information.

Below is an example screenshot of the technical analysis page in the app:

Conclusion

The England based brokerage enterprise is well regulated. It offers a variety of currency pairs, and also CFDs on the renowned,

They offers one of the most celebrated platforms MT4 which is readily accessible on desktop and mobile devices as well. Another service offered by FXGiants is allowing clients to connect remotely using a Virtual Private Server or VPS. and AutoTrade allows both experienced and novice traders to follow successful strategies of other investors without the need of downloading additional software.

The broker also offers decent bonuses for new traders.

It has some drawbacks though. FXGiants has very expensive cost to begin trading operations with a deposit that is alarmingly high. While it offers one of the best trading platforms, it does not give room for customers to selects as there is no alternative. Spreads on certain account types do seem somewhat high, although this might be balanced out depending on the type of account you have with them, Withdrawal fees still being present and quite high along with a customer support team that failed to answer

Educational material and fundamental analysis offerings also seem weak at this broker, so it may better suit more experienced traders who do not require fundamental analysis tools.

FXGiants may be a reliable and well-established broker, but with lots of little issues, it can make them hard to recommend.

Yet, we would be glad to know your personal opinion about FXGiants, you may share your experience in the comment area below, or ask us for some additional information if required.