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FXGiants review

FXGiants


On-line since: 2016
Country of origin: UK
Regulation: FCA
Payment options: wire transfer, MasterCard/Visa, Skrill, China UnionPay, Neteller, Dotpay
Minimum account size: $100
Minimum lot size: 0.01 lot
Leverage: up to 1:200
Spreads: from 1 pip

About company:

FXGiants is an international online broker rendering services of trading in financial markets to retail and institutional investors.

About the company. Security

FXGiants is a trademark of 8Safe UK Limited, which is registered and regulated by the FCA.

The brokers controlled by the FCA should keep clients’ funds on segregated accounts. Besides, the UK’s brokers should have at least 730,000 euros to prove their financial stability.

FXGiants participates in the Financial Services Compensation Scheme (FSCS).

As for funds security, the company offers its clients protection from negative balance.

Trading conditions

The clients can trade currencies, futures, shares, metals, spot indices, and goods.

Account types

Micro account holders can choose between fixed and floating spreads. The minimum deposit for this account type is $100. Leverage varies from 1:1 to 1:500. This account can be opened in AUD, GBP, EUR and some other currencies. The minimum trade size is 0.01 lot. Besides, the account holders can contact a dedicated account manager who is available 24/5.

The Premium account also gives a choice between two spread types but has a larger minimum deposit of $2,500. This account type has the same features as Micro, except that its floating and fixed spreads for EUR/USD make up 0.7 and 1.2 pips, respectively (Micro: 1.1 and 2.2 pips, respectively).

The account with fixed 0 spread requires the minimum deposit of $500. The only base currencies are USD, EUR, and JPY. This account type is charged a commission of at least $18 per lot.

The STP/ECN no commission account has the minimum deposit of $500. Leverage varies from 1:1 to 1:200 depending on the deposit. The account holders can receive help of a manager linked to their account.

Trading platform

FXGiants offers the MetaTrader 4 platform for trading, which is available for MAC, PC, as well as Android and iOS. The company also offers Personal Multi-Account Manager (PMAM) that allows its users to manage an unlimited number of accounts and monitor them in real time.

Promotions

The company regularly holds campaigns and gives its clients bonuses. Currently the broker runs the following promotions:

  • The $35 No Deposit bonus for all new clients;
  • The 100% Maximiser bonus also available to new live account owners;
  • The $20 Advantage bonus of up to $2,000 (bonus to all deposits);
  • Free VPS MT4 (for accounts with the minimum deposit of at least $5,000).

Client support service

The client support service can be contacted via toll-free phone numbers, email, live chat, and feedback form.

Payment methods

The clients can deposit funds through payment cards (Visa, Maestro, MasterCard), wire transfers, Skrill, Neteller, Safecharge, DotPay, China UnionPay, and ECommPay.

Withdrawals can be carried out only through bank wire.

Advantages:

  • Regulation;
  • MT4 platform;
  • Promotions and bonuses.

Disadvantages:

  • High initial deposit.

FXGiants 2/10 (votes 2192)
Author of FXGiants: Jayen | Date 2020-11-19
Because FXGiants is regulated by FCA, so I didn’t to think twice to open an account with them and my experience has been tremendous. Use their iOS MT4 platform and I notice far the best execution I have ever got on MT4. In whole period, I have face only 2 times spike but all are they below 10 pips, which are tolerable. Usually I use to trade on Gold and Oil and I have seen very low spreads even on high volatility market. Deposits and withdrawal is also excellent. I am very content with FXGiants and plan on staying with them forever!
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Author of FXGiants: Mugi | Date 2020-09-16
FXGiants said that they will be providing a bonus for new clients. I opened an account and indeed, there was a bonus credited to my account. However, it was also gone in just a few days. I was not even able to use it for trading. Then the broker simply said that they can take away the bonus anytime. Basically, they are not really giving away bonuses.
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