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FXGIANTS review
By
9 mins read
Overview
Our 5-step process of verification and evaluation – How do we obtain information?
General inspection – 30%
Trading experience – 30%
Technical audit – 20%
Collective experience from collaborations with the broker – 10%
Interviews with real traders – 10%
See the entire process here.
Pros
Strong Regulation: FXGiants is distinguished by its strong regulation under the UK’s Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC) in Australia. This regulatory oversight ensures that FXGiants adheres to strict financial standards and provides clients with high security and trust.
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Diverse Range of Instruments: With FXGiants, traders gain access to a diverse range of instruments, including forex currency pairs, indices, stocks, energies, metals, bonds, commodities, cryptocurrencies, and shares.
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Competitive Spreads: FXGiants offers competitive spreads, providing traders with favorable pricing conditions. These lower spreads can reduce trading costs, maximizing potential client profitability.
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Minimum Deposit from $50: FXGiants sets itself apart by offering a low minimum deposit requirement of just $50. This affordability makes it accessible to traders with different budgets, enabling them to enter the market and trade with a smaller initial investment.
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Deposit Bonus: FXGiants rewards its clients with a deposit bonus of 20% on their initial deposits. This bonus provides additional trading capital, allowing traders to have more funds for their trading activities. The deposit bonus can be a valuable incentive for new clients joining FXGiants.
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Affiliate Program: FXGiants features an affiliate program that allows clients to earn extra income. By referring new traders to the platform, clients can generate revenue through the affiliate program. This creates an additional avenue for earning alongside their trading activities.
Cons
Doesn’t Allow Hedging: Traders are not permitted to open opposing positions on the same instrument. While this restriction may not align with specific trading strategies that rely on hedging for risk management, alternative risk management approaches can be explored.
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Limited Regional Availability: This restricted regional availability could be a drawback for traders who reside in those areas but wish to trade with FXGiants. Traders should ensure that their country of residence is eligible for opening an account with FXGiants before considering them as their preferred broker.
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Inactivity Fees: FXGiants impose inactivity fees on dormant accounts. Traders who do not actively engage in trading may incur these fees, which could be a disadvantage for those who prefer a more passive trading approach. Traders need to be mindful of these fees and actively manage their accounts to avoid inactivity charges.
General details
+44(0) 207 523 5394
Customer reviews
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Type of Trading Accounts
- Unlimited Demo Accounts: FXGiants offers unlimited demo accounts, allowing traders to practice and familiarize themselves with the trading platform and market conditions without risking real money. These demo accounts simulate real market conditions, providing a risk-free environment for traders to test their strategies, hone their skills, and gain confidence in their trading abilities. Traders can explore different trading instruments, analyze market trends, and execute trades virtually. Unlimited demo accounts are particularly beneficial for novice traders who are new to the forex market and want to gain hands-on experience before transitioning to live to trade.
- Standard Accounts: FXGiants provides standard trading accounts suitable for traders looking for a straightforward trading experience. These accounts typically offer competitive spreads, leverage options, and a wide range of tradable instruments, including forex, commodities, indices, and more. Standard accounts cater to beginner and experienced traders, offering access to various trading tools, educational resources, and market analysis. With a standard account, traders can easily execute trades, manage their positions, and exploit market opportunities.
- ECN Accounts: FXGiants offers ECN (Electronic Communication Network) accounts, which provide direct access to interbank liquidity and offer tight spreads. ECN accounts are ideal for traders who require fast execution and want to benefit from competitive pricing. With ECN accounts, traders can access deep liquidity and trade directly with other market participants, resulting in lower trading costs. These accounts are suitable for more experienced traders who are comfortable with market volatility and advanced trading strategies.
- STP Accounts: FXGiants also offers STP (Straight Through Processing) accounts, which provide traders with direct market access without any intervention from a dealing desk. STP accounts are known for fast execution, competitive spreads, and no conflict of interest between the broker and the trader. These accounts route traders’ orders directly to liquidity providers, ensuring transparency and fair execution. STP accounts are suitable for traders who prefer a no-dealing desk execution model and want to benefit from efficient trade execution.
- Swap-Free Accounts: FXGiants offers swap-free accounts, also known as Islamic accounts, for traders who adhere to Islamic principles and require trading conditions compliant with Sharia law. Swap-free accounts eliminate overnight interest (swap) charges on positions held overnight, making them suitable for traders who cannot pay or receive interest due to religious beliefs. Swap-free accounts have the same features and conditions as other account types, allowing traders to participate in the financial markets while respecting their religious obligations.
- VIP Accounts: FXGiants offers VIP accounts for traders who require personalized services and enhanced trading conditions. VIP account holders enjoy various benefits, such as dedicated account managers, priority customer support, lower spreads, higher leverage options, and exclusive promotions. These accounts are designed for high-net-worth individuals or professional traders who require additional features and premium services to optimize their trading experience.
- Micro Accounts: FXGiants also provides micro accounts specifically designed for traders who want to start with smaller trade sizes and lower risk exposure. Micro accounts allow traders to trade with smaller contract sizes and offer flexible position sizing options. These accounts are ideal for beginner traders or those who prefer to trade with lower capital and gradually increase their trading volumes as they gain experience and confidence.
Tradable instruments on FXGiants trading platforms include:
- 10+ Metals
- 5+ Energies
- 10+ commodity CFDs
Find the right answer to your question below.
FXGiants Trading is not a scam. The broker is regulated and licensed by reputable authorities such as the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). It has been operating since 2015 and has gained a positive reputation in the industry. FXGiants adheres to strict regulatory standards and provides a secure trading environment for its clients.
To open a trading account with FXGiants, follow these simple steps:
- Visit the FXGiants website and click on the “Open Account” or “Register” button.
- Fill in the required personal information, including name, email, and phone number.
- Select the account type that suits your trading preferences and needs.
- Provide any additional requested information and complete the registration process.
- Once your account is opened, you can deposit funds and start trading.
FXGiants does not accept U.S. clients. This is due to the regulatory restrictions and compliance requirements imposed by U.S. authorities, such as the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). FXGiants focuses on serving clients from various other countries and regions where it is authorized to operate, providing them with a reliable and regulated trading experience.
To see the full broker review click “See review”, to see the complete table and compare more brokers visit our Comparison page.
- Overall verdict
- Trading
- Minimum deposit
- Maximum leverage
- Fees
- Withdrawal fee
- Deposit fee
- Safety
- Top-tier regulators
- Investor protection
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4.2/ 5
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4.5/ 5
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4.1/ 5
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4/ 5
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Yes
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See review
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4.4/ 5
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4.1/ 5
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4.7/ 5
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4.4/ 5
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Yes
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4/ 5
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4.3/ 5
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3.8/ 5
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4.3/ 5
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Yes
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See review
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3.9/ 5
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4/ 5
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3.4/ 5
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4/ 5
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No
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See review
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4.1/ 5
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4.3/ 5
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4.2/ 5
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4/ 5
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Yes
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See review
