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Welcome Bonus $50 - the best offer on Forex market
Welcome Bonus $50 - the best offer on Forex market

FXGiants - Forex Broker Review

Rated 4 Stars - Based on 2 Ratings

   FXGiants
Broker Name FXGiants
Established2015
CountryUnited Kingdom
RegulatorsFCA No. 585561
Trading PlatformMetaTrader 4
Website Language English, Spanish, Portuguese, Russian, Chinese, Indonesian, Malay, Thai, Arabic, Vietnamese, Korean
Bass CurrenciesUSD, EUR, GBP,
Minimum Deposit100
Maximum Leverage1:500
Minimum Spreads0.7 Pips
Swap Free AccYes
Acc Funding MethodsMasterCard, Bank Wire, Neteller, FasaPay, Skrill, China Union, DotPay
Acc Withdrawal MethodsMasterCard, Bank Wire, Neteller, FasaPay, Skrill, China Union, DotPay
Type of BrokersMM/ECN/STP
Micro AccountsYes
VIP AccountsYes
Segregated AccYes
Islamic AccountsYes
Managed AccountsYes
Free Demo AccYes
Mobile TradingYes
Web TradingYes
Hedging ScalpingYes
News TradingYes
No Deposit BonusYes
Welcome BonusYes
Other BonusYes
Telephone No+44(0) 207 523 5395
Fax Number+44(0) 207 523 5378
EMail Skypesupport@FXGiants.co.uk
Address55 Old Broad Street,London,EC2M 1RX, United Kingdom

FXGiants Review

FXGiants is a leading online forex and CFDs broker that was established in the UK and Australia in 2015 - 1016.

FXGiants is originated in London and their trade name is 8Safe UK Ltd in the United Kingdom  and regulated by the UK Financial Conduct Authority (FCA) (License #585561), Its official website located at www.fxgiants.co.uk. They are promised to the highest standard of service to their customers In the UK.

fxgiants

Though, the brokerage firm is protected by the UK’s Financial Services Compensation Scheme, so a trader can receive compensation in the event of the broker failing to meet its financial obligations. It makes completely segregated accounts both companies as well as their customer accounts.

The Australian Securities and Investment Commission or ASIC (the AFSL #417482) is the broker’s Australia regulation authority incorporated with the name GVS Pty Limited. Their official website is located at www.fxgiants.com.au. FXGiants is a trade name of in Australia.

Being regulated both UK and Australia the broker provides online trading services for more than 200 different types of financial instruments to clients from more than 150 countries around the world.

Having a team of expert in their supporting sector and being an organization, FXGiants is committed to providing their forex customers with a complete trading experience by using the latest financial technology and by providing them with the highest standard of supporting communicating services. Keep in mind that the broker is currently do not accept clients from United States. 

FXGiants Unique Features

FXGiants is run by a number of professionals with many years of experience in the world of international financing. The team at FXGiants includes market analysts, consumer business solution specialists, risk management experts and developers.

Yet, FXGiants services retail consumers and institutional investors around the world approximately more than 150 countries, offering not less than two hundred different financial devices. Some of their trading instruments offers flexible leverage of up to 500:1 on

Another fascinating feature of this broker is the industry’s impressive bonus package, with an initial $35 free, no deposit bonus available to brand new registered clients. Other includes a 100 percent "bonus maximizer" and a 20 percent bonus advantage on all deposits up to $2, 000.

 

Trading Platforms and Software

FXGiants uses standard forex trading applications like the MetaTrader4 trading platform which used by traders all over the world developed by MetaQuotes Application. This trading platform is the most popular forex trading platform among all the trading platforms available in forex industry. This is evident from the reality that more than 80 percent of the forex brokers in the industry have adopted this trading program as their main platform. 

The MT4 forex trading platform is available for windows pc or Mac desktop systems, as well as its developer also offer a mobile version for Android and iOS smartphones. The advanced charting package and an array of specialized indicators that comes included with the trading system also go a long way towards improving a trader's market analysis. MT4 trading platform have the powerful feature is its ability to support automated trading with the use of Expert Advisors (EAs).

For computer savvy consumers, they can also program their own EAs with the built in MQL 4 language. Additional features of the MT4 platform include the following: 

  • Activity Reports
  • Advanced Charts
  • Advanced security system
  • Equity and exposure online management
  • Real-time News Feeds
  • Real-time quotes
  • Support Trading Signals
  • Support various types of trading orders  

FXGiants offers their clients a Personal Multi-Account Manager or PMAM in MetaTrader platform. This program is a complete risk management platform allowing the user to gain access to and manage multiple trading accounts and create multiple funds. Orders can be entered utilizing a one click admittance procedure, and the system can be used to closely monitor both market and account activity. 

It should be noted that the MT4 platform is available in several versions such as MT4 for PERSONAL COMPUTER and MT4 for Macintosh.

Mobile Trading

MetaQuotes company have already developed their mobile friendly versions of the MT4 trading platform are also available for download on Google Play Store and Apple’s App Store. For traders who tend to trade while they are on the way time, These kinds of mobile trading software are enhanced for mobile devices and smartphones and permit investors to monitor their trading account as well as to execute deals. 

 

Deposits & Withdrawals Options

FXGiants has a user friendly systems to make the funding and withdrawal process easy, fast and secure. FXGiants accept but several options exist for automated deposits such as bank wire transfers, Visa/MasterCard credit cards, Skrill, Neteller, FasaPay, EcommPay, DotPay, SafeCharge and UnionPay. FXGiants accounts are generally free of charge in deposit via bank wire transfer, while withdrawal fees vary with each payment service provider. 

For withdrawals purposes, the strategy used will depend on the initial method which was used for depositing money into the trading account.

For example, when a client uses his bank issued credit card in purpose to funding on his account. Then the rule will be - the withdrawal must be done through the trader's credit card.

For Visa and MasterCard credit/debit cards, up to EUR 2 per drawback transaction is charged with a maximum amount purchase of $50, 000. To get Skrill withdrawals, an one percent charge is charged on withdrawals that are prescribed a maximum at $10, 000 and the service can recognize up to a 50 dollars, 000 maximum transaction amount. China Union has a CNY 20 cost per withdrawal, with a CNY 360, 000 maximum amount per transaction.

To take away funds using Neteller, a withdrawal cost of $0. 29 per transaction is charged with a two percent surcharge capped at $30, with a minimal $1 per transaction and a $50, 000 maximum amount per transaction. FasaPay has a withdrawal charge of 0. 5% every transaction, with a $5 maximum and up to $50, 000 per transaction.

For eWallets withdrawal, the applicable cost is 1% of the amount withdrawn. Even so, these fees are just indicative of what the traders need to pay. However, the precise charge charged is determined by which eWallet is utilized.

 fxgiants

Promotions

Currently, the broker FXGiants has offered to their consumers several types of bonus, welcoming a no deposit bonus of $35 and a 20% deposit bonus on the amount that the trader deposited into his trading account. Right now there is also a completely Bonus Maximizer which being qualified traders can use to further extend their limited trading capital for free. 

FXGiants Spreads

Spread charges are applicable on only the

At FXGiants, Customers trading with 0 set Spread account are required to pay a commission of $18 per number traded. For other types of trading accounts, investors are only required to pay a tiny spreads on the trades that they make. The spread can either be fixed or floating with regards to the trader's choice. For the Micro accounts, the fixed spread is often as low as 2. 2 pips and the suspended spread as low as 1. 1 pips. Intended for the Account premium the minimum floating and fixed spreads are respectively 0. 7 pips - 1. 2 pips. However, the standard spreads which traders can get are as suggested in the table below:

Instrument

Spreads (in pips)

EUR/USD

1.2

EUR/CHF

2.2

EUR/CAD

5.2

EUR/RUB

350

EUR/JPY

2.5

GBP/JPY

4.5

GBP/CHF

5

CHF/JPY

3

AUD/USD

1.2

AUD/CAD

6

 

FXGiants Trade Types/Instruments

To trade at FXGiants you can trade with Forex, contracts, spot metals, and for difference (CFDs) on more than 2 hundred different assets. These resources are selected from different asset classes such as currencies, commodities, equities, and futures.

FXGiants

FXGiants Account Types

For trading account types, there are 5 different types of trading medical data to choose from. That they include the following:

Micro Account

  • Fixed or Floating Spreads
  • Min Lot Size: 0.01
  • 24/5 Account Manager
  • Min Deposit of $100

Premium Account

  • Fixed or Floating Spreads
  • Min Lot Size: 0.1
  • Min Deposit $2500
  • Dedicated Account Manager 24/5

0 Fixed Spread Account

  • Min Lot Size: 0.01
  • 24/5 Account Manager
  • Min Deposit $500
  • Commission from $18/Lot

STP/ECN No Commission Account

  • Min Deposit $500
  • Min Lot Size: 0.01

STP/ECN 0 Account

  • Min Lot Size: 0.01
  • Min Deposit $500

 

FXGiants Reliability

Although FXGiants is a relatively young broker, the age of the broker does not in any way affect its stability. Their previous IronFX suffers from authority, though We can evidently see this from the fact that FXGiants has devote considerable efforts to be regulated not merely in one jurisdiction but in two different jurisdictions within 2 short a lot of their being operational.

Because they are governed, FXGiants is able to offer its traders the assurance that their money is safe with this broker.

The broker is under frequent supervision by the FCA and ASIC ensuring that FXGiants conducts its businesses fairly and with openness to their consumers.

In other words, FxGiants United Kingdom has faced with a bankruptcy issue, traders' funds are protected under the Economic Services Compensation Scheme up to a maximum amount of 50, 000 pounds.

It is a positive fact that, FXGiants' computerized risk management system prevents negative account balance so traders at FXGiants will never have to worry about that.

FX Giants Bonus & Promotions

FXGiants is currently offering their traders several types of bonus especially for novice traders, a no deposit bonus of $35 and a 20% trading bonus on the amount that the trader transferred into his trading account. There is also a 100% Bonus to double equity for traders which qualifying clients can use to further extend their limited trading capital for free. 

Customer Support

FXGiants customer service division available on a 5 days a week basis. In trading days they will support 24 hours to their consumers. Usually the customer supports service provided by phone, email messages, live text chat. Having phone support access means you can usually contact them for assistance even when the market is busy and you need help with a transaction concern.

In addition, the FXGiants offers several toll-free numbers for Spain, Portugal, Italy, Hungary, Poland, Russia, Malaysia, Indonesia, China, Thailand and South Korea.

The company's website seems especially light on educational material, apparently only offering a FX glossary. Also, they just offer a very basic financial news headline give food to assist fundamental traders with their analysis.

For non-English speaking traders, FXGiants' website is also providing multiple most common language versions. 

Issue of fund safety

To address the issue of safety

Customer funds are stored using segregated account system, thereby assuring clients that their funds are held with clarity, integrity and security. An idiosyncratic code comes with each client account to assure it is only to be used for that customer’s funding purposes.

As mentioned recently, in addition to the broker being fully controlled, FXGiants customers are safeguarded by the Financial Services Compensation Scheme. This program ensures that customers obtain compensation in the event that the broker neglects to meet their bills. 

FXGiants maintains financial accounts with top ledge secure banks, using the banking and exchequer services of Westpac and other world class banking bureau. 

Other Services

For a minimum $1, 000 deposit, FXGiants allows clients to hook up slightly utilizing a Virtual Private Server or VPS. The FXGiants VPS features optical fibers connectivity for increased security, increased performance and simplicity of use.

VPS user traders can avoid unexpected problems such as due to natural hazard power failure, computer instability and slow internet connection speeds, which can all adversely affect a trader's bottom line. Also, with the VPS service, customers can install and run an Expert Advisor or EA program in Mt4 4 constantly without even having to have their computer powered on.

Conclusion

With ultra-tight spreads provided by FXGiants and basically regulatory oversight named by IronFX, it is wondering that - why this broker has gain a strong following of devoted traders within a few short years that it has been operational.

FXGiants has made it affordable to anyone by opening a live trading account with their low minimum initial deposit need of $100 and excellent welcome bonuses.

FXGiants have succeed to regain their trustfulness  and trader interest in almost all continent due to limited spreads, well-transparent trading environment, and its oversight by reputable regulatory firms despite the problems IronFX formerly suffered. The experienced broker also offers decent bonuses and trading incentives, and provides good customer service.

Additionally, the brokerage offers market analysis and educational equipment. In this case, new traders and those requiring more fundamental analysis tools may wish to look elsewhere. Also, there is no doubt that FXGiants has proven itself to be a beginner friendly broker. 

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