FXGiants is a British forex brokerage that offers forex trading in more than 80 forex pairs along with indices, commodities, CFDs, stocks and futures. FXGiants is a regulated forex broker; although they were established in the UK in 2015 only, they have been in Australia for a longer period. The success of FXGiant review goes to its expert team with extensive experience in the forex industry.
Is FXGiants A Scam?
No, not at all! FXGiants is regulated by FCA, which is a top-tier regulatory body. The clients’ funds are kept in segregated accounts with top banks, and the British government insures depositors for deposits up to GBP 7500. Additionally, the broker is registered in Bermuda. When it comes to customers’ safety and protection, FXGiants is a fully licensed broker. Apart from FCA, the broker is also regulated by CySEC (Cyprus) and ASIC (Australia).
FXGiants has several insurance and compensation schemes in place for its clients. The broker follows the highest standards to assure clients’ funds are held with integrity and security. Besides, the commission scheme ensures the customers receive compensation if the broker fails to meet its financial obligations. Another safety feature offered by FXGiants is its risk management system providing clients’ account balances never go red.
FXGiants Trading Account Types
FXGiants offers a wide range of account types to its clients. You can open a market maker or NDD account based on commission and spread charges. Here are some account types available with FXGiants:
- Micro Account (minimum deposit of $100 required)
- Premium Account (minimum deposit of $2,500 required)
- 0 Fixed Spread Account (minimum deposit of $500 required)
- STP/ECN No Commission (minimum deposit of $100 required)
The best thing about FXGiants’ account types is that their spreads are relatively competitive compared to other brokers. Additionally, demo accounts, Islamic accounts (for Muslin traders) and managed accounts are available with the broker.
FXGiants Account Opening
As mentioned above, FXGiants offers different types of accounts. Each of these accounts comes with various features and benefits. To open a trading account with FXGiants, you must go to the broker’s website and click “Open Account”. Then you need to enter your personal information, including name, email, phone number, password and bank account information. After that, your application goes for the review. The confirmation of your account will come in your email with a trading account number and password, along with downloadable links for MetaTrader 4.
FXGiants Review – Trading Platform
- MT4 Trading Platform:
FXGiants offers a well-recognized, immensely popular and easy-to-use MetaTrader 4 trading platform. It has a wide range of add-ons to help you trade effortlessly 24*5. MT4 is compatible with Mac, Windows, smartphones and tablets alike.
- Mobile Trading App:
FXGiants provides clients with a bespoke MT4 trading app compatible with both iOS and Android mobile phones. The app offers charts, seven timeframes and 30 technical indicators. In addition, the broker also provides a PMAM (Personal Multi-Account Manager) platform that permits users to access and control numerous trading accounts.
FXGiants Tradable Assets
The broker offers its clients 300+ tradable assets, including 70+ forex pairs, 12 commodities, 12 indices and more.
Here are the leverage levels offered by FXGiants based on different account types:
- Micro Account (leverage ratio ranges between 1:1 to 1:500)
- Premium Account (leverage ratio ranges between 1:1 to 1:500)
- 0 Fixed Spread Account (leverage ratio ranges between 1:1 to 1:500)
- STP/ECN No Commission Account (leverage ratio ranges between 1:1 to 1:200)
- STP/ECN 0 Spread Account (leverage ratio ranges between 1:1 to 1:200)
FXGiants Review – Educational Resources
FXGiants’ content is confined to common forex terminologies and news related to key economic and forex-related factors. Although limited in nature, the content is beneficial. The broker doesn’t offer any valuable educational tools for traders, but you can access its mobile trading app, which has all the relevant videos and other educational content.
FXGiants Customer Support
FXGiants offers customer support via email, live chat and a well-defined FAQ section for queries related to account opening, funding, and trading platforms.
FXGiants is a regulated broker, which is good if you are looking for a broker that can offer you optimum fund security. In addition, they offer a demo account, good educational content and satisfactory customer support, making them a good choice for brokers.