FXGiants Review 2020

Rate FXGiants

Regulated By:ASIC, FCA

Foundation Year:2016

Headquarters:12th Floor, Broadgate Tower, 20 Primrose Street, London, EC2A 2EW, UK

Min Deposit:$100

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Your Capital is at Risk

Jitan Solanki

Last updated: Mar 15, 2020

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“FXGiants is a Forex and CFD broker, offering 7 different types of trading accounts to trade on 200+ financial instruments covering Forex, Metals, Indices, Commodities, Futures, Shares and Cryptocurrency on the MetaTrader 4 trading platform for PC, Mac, Web, Android and iOS. The broker is a trade name of Notesco Limited which is a company registered in Bermuda and as such is not regulated by any financial body.”

FXGiants was founded in 2016 and is a trade name of Notesco Limited which is a company registered in Bermuda. Depending on a user’s geographical location, accounts can be opened with the non-regulated entity located in Bermuda, or with the broker’s regulated entity from the UK Financial Conduct Authority. This review is based on www.fxgiants.com/en which is the non-regulated arm.

The broker offers 7 different types of trading accounts called Micro Account, Premium, 0 Fixed Spread, STP/ECN No Commission, Absolute Zero STP/ECN, STP/ECN 0 Spread and Absolute Zero Plus STP/ECN. Leverage, spreads and commissions vary depending on the account chosen.

Users can trade on more than 200+ financial instruments covering Forex, Metals, Indices, Commodities, Futures, Shares and Cryptocurrency, all on the globally-recognised MetaTrader 4 trading platform for PC, Mac, Web, Android and iOS platforms.

While the broker does not offer any form of trader research or analysis on their website they do provide access to trading tools and educational material from an app called PFOREX Assist Forex Signals. This can be downloaded on iOS and Android systems with relevant links found on the broker’s website.

Pros:	Cons:
Commission-free trading possible. Leverage of up to 1:1000 available. ECN trading accounts available. 200+ markets to trade on covering Forex, Metals, Indices, Commodities and Crypto.	Not regulated by a financial body (Bermuda based). No trader research tools or analysis on their website but third-party app available

General Information

Official Site:https://www.fxgiants.com/en

Demo:Open Demo Account

Regulated By:ASIC, FCA

Foundation Year:2016

Headquarters:12th Floor, Broadgate Tower, 20 Primrose Street, London, EC2A 2EW, UK

Min Deposit:$100

Max Leverage:1:1000

Publicly Traded:No

Deposit Options:Credit Card, FasaPay, Wire Transfer

Withdrawal Options:Credit Card, FasaPay, Wire Transfer

Tradable Assets:Currencies, Commodities, Indices, Stocks, Crypto, Futures

Trading Platforms:MT4

Commission on Trades:Yes

Fixed spreads:Yes

Trading Desk Type:Bank, Dealing Desk, ECN, STP

OS Compatibility:Desktop platform (Windows), Desktop platform (Mac), Web platform

Mobile trading:Android, iOS

Accepts Us Clients:No

Rate FXGiants

Investor Protection & Regulations

“FXGiants is a trade name of Notesco Limited which is a company registered in Bermuda. FXGiants.com is not regulated by any financial body. FXGiants.co.uk is regulated by the UK Financial Conduct Authority but is not the subject of this review.”

FXGiants is a trade name of Notesco Limited which is a company registered in Bermuda, as detailed on the broker’s website.

As such, FXGiants.com is not regulated by any financial body and is not directed at EU residents. However, depending on a user’s geographical region they can visit FXGiants.co.uk which is regulated by the UK Financial Conduct Authority.

Tradable Products

“FXGiants offers users the ability to trade on more than 200+ financial instruments covering Forex, Metals, Indices, Commodities, Futures, Shares and Cryptocurrencies.”

FXGiants offers users the ability to trade on more than 200+ financial instruments covering Forex, Metals, Indices, Commodities, Futures, Shares and Cryptocurrencies.

Below is a list of just some of the available markets for trading:

Forex	Metals	Commodities
AUD/CAD	XAGEUR	USOIL
EUR/CNH	XAUUSD	NAT.GAS
GBP/JPY	XPDUSD	Wheat
Indices	Shares	Crypto
US100 Cash	Alcoa	Bitcoin
FRA40 Cash	Samsung	ETHUSD
UK250 Cash	Renault	LTCUSD

* Details regarding the available assets are taken from the FXGiants website and trading platform and are correct at the time of this review.

Trading costs such as spreads, commissions and overnight funding (swap) rates vary depending on the instrument being traded and account type opened and are covered further down this review.

Account Opening

“FXGiants offers 7 different account types called Micro Account, Premium, 0 Fixed Spread, STP/ECN No Commission, Absolute Zero STP/ECN, STP/ECN 0 Spread and Absolute Zero Plus STP/ECN. Users also have access to a free demo trading account.”

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. To open an account users simply need to click on the Open Account button.

Users are then required to input their name, email, residence, telephone number and account information. 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, as shown below:

FXGiants does not offer its services to residents of certain jurisdictions such as USA, Iran, Cuba, Sudan, Syria and North Korea.

Deposit & Withdrawals options

“FXGiants offers a variety of ways to deposit and withdraw funds which include Visa, MasterCard, Bank Wire, FasaPay, Skrill, Neteller, China UnionPay, FasaPay, Paysafe, Local Agent, Perfect Money and Cryptocurrencies. Trading profits can only be withdrawn via bank wire transfer.”

FXGiant offers a variety of ways to deposit funds into a trading account. This includes using Visa, MasterCard, Bank Wire, FasaPay, Skrill, Neteller, China UnionPay, FasaPay, Paysafe, Local Agent, Perfect Money and Cryptocurrencies. The methods can be found once logged into the customer portal area, as shown below:

The broker also lists several methods on their website which are fee-free, as shown below:

Withdrawals must be made by the same method with the options available listed in the customer portal, as shown below:

Clicking on each of the methods provides additional information. For example, withdrawals made to credit cards are processed within 1 working day but can take 5-7 working days to appear on your bank statement.

However, only the initial deposit can be withdrawn via the payment used. Any trading profits can only be withdrawn via bank wire, as shown in the FAQ section below:

Web & Desktop Trading Platforms

“FXGiants offers users the ability to trade on the MetaTrader 4 trading platform for PC, Mac and Web.”

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

The broker also offers the FXGiants Webtrader 4 trading platform which is browser-based and requires no download. It also offers additional advantages such as

Trade from anywhere as browser-based
View real-time prices
Access multiple markets
Trade from the chart

Below is a screenshot of the MetaTrader 4 trading platform for PC with more details covered in the video review of the platform:

Mobile Trading Platforms

“FXGiants offers users the ability to trade on their mobiles with the globally-recognised MetaTrader 4 mobile trading app for Android and iOS users.”

FXGiants offers users the ability to trade on the go, directly from their mobile phones with the globally-recognised MetaTrader 4 mobile trading app for Android and iOS users. 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:

Using the FXGiants MetaTrader 4 mobile app is covered in more detail in the video review.

Trading Features

“FXGiants offers users an Advanced MT4 version which comes with a suite of different tools for MetaTrader 4 such as a Mini Terminal, Smart Lines, Advanced Orders, an Alarm Manager, a Correlation Matrix and more. They also provide access to the MyFXbook AutoTrade copy trading platform and free MT4 VPS for minimum deposits of $5,000.”

FXGiants provides users with an Advanced MT4 versionw which can be downloaded directly from the broker’s website:

This allows users to access a raft of additional trading tools and indicators for MetaTrader including a Mini Terminal, Smart Lines, Advanced Orders, an Alarm Manager, a Correlation Matrix and more, as the guide shows below:

Users can also access the Auto-Trade copy-trade platform by MyFXbook which allows traders to access copy trading services. The benefits and application process is detailed on the broker’s website and is listed below:

The broker also offers a free MT4 VPS for minimum deposit accounts of $5,000. More details can be found on the broker’s website.

Commissions & Spreads

“Trading costs with FXGiants vary depending on the market being traded and the account type opened. The 0 Fixed Spread, STP/ECN 0 Spread and Absolute Zero Plus STP/ECN offer commission-based trading, with other account types offering commission-free trading with spreads and swaps payable.”

Trading costs with FXGiants vary depending on the market being traded and the account type opened. Commissions are payable on the 0 Fixed Spread, STP/ECN 0 Spread and Absolute Zero Plus STP/ECN accounts but differ between each.

The broker also offers a mixture of live floating spread accounts and live fixed spread accounts. However, spread information can be found directly on the broker’s website of each account type as shown below:

The Live Zero Fixed Spread account offers some of the cheapest spreads of all the account types, as shown below with the likes of AUD/USD from 0 pips. However, commissions are payable on this account at $18 per lot which is much higher than the industry average.

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% as shown in the broker’s Terms and Conditions document:

Bonus & Promotions

“FXGiants offers several bonus and promotion schemes such as a 100% Bonus Maximiser, 40% Booster Bonus, 20% Bonus Advantage and more. The broker also provides a live trading competition cash reward from a $10,000 prize pool or tickets to NBA.’’

FXGiants offers several bonus and promotion schemes, as shown below:

Under Trading Bonus users can access different bonus offers including a 100% Bonus Maximiser, a 40% Booster Bonus and 20% Bonus Advantage.

More details and the terms and conditions for each of these bonuses can be found online. The broker also provides a live trading competition with a cash reward from a $10,000 prize pool or tickets to NBA.

Customer Support

“FXGiants provides customer support in the form of email, live chat and an FAQ section.”

FXGiants provides customer support in the form of email, live chat and an FAQ section. The FAQ section covers account opening, funding, trading and platform questions, as shown below:

The broker also offers a live chat function, as shown below:

After testing the live chat function at 5 pm GMT we were number 1 in the queue for more than an hour and didn’t get through to an agent on this occasion.

Contact Information:

Address: Notesco Limited, Veritas Place, 6th Floor, 65 Court Street, Hamilton, HM 12 Bermuda.
Email: support@fxgiants.com
Phone: +44(0) 207 523 5394
Social Media:

Research

“While FXGiants does not provide any trader research from their website, they do offer the use of mobile trading app PFOREX for live signals and analysis.’’

While FXGiants 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:

Trader 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.’’

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 app has more than 100+ educational videos for all levels and styles of traders.

Trading Experience

“FXGiants provides users with the ability to trade on the globally-recognised MetaTrader 4 trading platform which is beneficial for beginner and advanced traders. They also provide a wide selection of markets and trading accounts with varying commissions, spreads and costs.”

FXGiants provides users with the ability to trade on the globally-recognised MetaTrader 4 trading platform which is beneficial for beginner and advanced traders due to the global support of the platform. The broker also provides a wide selection of trading accounts with varying commissions, spreads and costs. This can seem daunting for beginner traders. Advanced traders may enjoy the flexibility of the offering, as well as access to zero spreads but the commissions on some accounts are higher than the industry average.

However, the broker provides a range of additional trading tools such as access to the MetaTrader 4 Advanced plugin which comes with a suite of additional trading indicators and tools. They also provide a range of bonus and promotion offers as they are free to do so due to not being regulated by any financial body. This also means that users can access leverage of up to 1:1000 on certain trading accounts.

FAQ

Is FXGiants regulated?

No.

Where is FXGiants based?

FXGiants is a trade name of Notesco Limited which is based at Veritas Place, 6th Floor, 65 Court Street, Hamilton, HM 12 Bermuda.

How does FXGiants make money?

FXGiants makes money mainly through spreads, swaps and commissions on certain tradable asset classes and commissions on certain trading accounts.

How do I deposit in FXGiants account?

Funds can be deposited into a trading account via debit or credit card, bank wire transfer and other e-wallets.

What is the min. deposit for FXGiants?

The minimum deposit is $100.

How do I withdraw money from FXGiants?

Withdrawals can be made from FXGiants via bank wire transfer.

What is the max leverage in FXGiants?

The maximum leverage offered by FXGiants is 1:1000.

How do I open an account with FXGiants?

An account can be opened at the click of a button on the FXGiants website and can be done in just a few steps.

Does FXGiants use MetaTrader?

Yes, MetaTrader 4.

Conclusion

“FXGiants is a Forex and CFD broker, offering 7 different types of trading accounts to trade on 200+ financial instruments covering Forex, Metals, Indices, Commodities, Futures, Shares and Cryptocurrency on the MetaTrader 4 trading platform for PC, Mac, Web, Android and iOS. The broker is a trade name of Notesco Limited which is a company registered in Bermuda and as such is not regulated by any financial body.”

FXGiants was founded in 2016 and is a trade name of Notesco Limited which is a company registered in Bermuda. Depending on a user’s geographical location, accounts can be opened with the non-regulated entity located in Bermuda, or with the broker’s regulated entity from the UK Financial Conduct Authority. This review is based on www.fxgiants.com/en which is the non-regulated arm.

The broker offers 7 different types of trading accounts called Micro Account, Premium, 0 Fixed Spread, STP/ECN No Commission, Absolute Zero STP/ECN, STP/ECN 0 Spread and Absolute Zero Plus STP/ECN. Leverage, spreads and commissions vary depending on the account chosen.

Users can trade on more than 200+ financial instruments covering Forex, Metals, Indices, Commodities, Futures, Shares and Cryptocurrency, all on the globally-recognised MetaTrader 4 trading platform for PC, Mac, Web, Android and iOS platforms.

While the broker does not offer any form of trader research or analysis on their website they do provide access to trading tools and educational material from an app called PFOREX Assist Forex Signals. This can be downloaded on iOS and Android systems with relevant links found on the broker’s website.