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FXGiants Review 2021

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FXGiants Main Features
️🗺
Supported Languages
English, Spanish, German, French, Arabic, Russian, Korean, Brazilian, Indonesian, Thai, Italian, Vietnamese, Malaysian
💰
Products
Currencies, Commodities, CFDs, Indices, Stocks, Futures
️💵
Min Deposit
$100
🖥
Trading Desk Type
Dealing Desk, ECN, STP, Market Maker
📊
Trading platforms
MT4, WebTrader
💳
Deposit Options
Wire Transfer, Credit Card, Skrill, Neteller
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Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved.

FXGiants Full Review

FXGiants is a Forex and CFD broker, offering clients access to trade on more than 300+ financial instruments across Forex, Metals, Indices, Commodities, Futures and Shares, all through the popular MetaTrader 4 trading platform for PC, MAC and Web.

FXGiants was founded in 2016 and is the brand name of Notesco Limited, a company registered in Bermuda. This entity operates FXGiants.com and is not regulated by any financial body, however, the broker does have a second entity, Notesco UK Limited, in the UK which is authorised and regulated by the Financial Conduct Authority (FCA).

The broker offers clients the ability to trade on more than 300+ financial instruments across Forex, Metals, Indices, Commodities, Futures and Shares, all through the popular MetaTrader 4 trading platform for PC, MAC and Web.

Users can choose from six main account types – Live Floating Spread, Live Fixed Spread, Live Zero Fixed Spread, STP/ECN No Commissions, STP/ECN Zero Spread and STP/ECN Absolute Zero. Some accounts are commission-free and have slightly larger spreads whereas others are commission-based with raw spreads. Demo and Islamic (swap-free) accounts are also available.

FXGiants offers fee-free deposits and withdrawals* via debit/credit cards, bank wire, Neteller, Skrill, Coinbase and UnionPay. Multilingual customer support is also available 24/5 via email, phone and contact form.

The broker offers great trading features such as Virtual Private Server (VPS) hosting and social trading services. Further, users can take advantage of multiple bonuses on offer including the No Deposit Bonus and the Deposit Bonuses. However, there is no trader research or educational material available.

Pros: Cons:
  • UK entity regulated by FCA.
  • 300+ financial instruments
  • Leverage up to 1:1000 (for Bermuda entity).
  • Zero fees on deposits and withdrawals.*
  • Commission-free trading is available.
  • Bermuda entity offshore and not regulated.
  • No research or educational material.

* Terms and Conditions apply.

About the Author

Jitan Solanki
Author
Jitan is a currency trader and an accredited Market Technician with more than 15 years of experience working with fund managers and on several proprietary trading floors. He is regularly quoted in the financial media for his currency market insights and forecasts and is based in London.
Read More

Review sections


FXGiants Video Review

Investor Protection & Regulations

FXGiants is a brand name of Notesco Limited, a company registered in Bermuda and as such is unregulated. The broker does have a second entity, Notesco UK Limited, which operates from FXGiants.co.uk and is authorised and regulated in the United Kingdom by the Financial Conduct Authority (FCA).

FXGiants is a brand name of Notesco Limited, a company registered in Bermuda and as such is unregulated. The broker does have a second entity, Notesco UK Limited, which operates from FXGiants.co.uk and is authorised and regulated in the United Kingdom by the Financial Conduct Authority (FCA).

The broker provides further security of client funds by following the below regulatory requirements:

  • Holding Funds in a segregated account from company funds.
  • Negative balance protection policy.

Tradable Products

FXGiants offers clients the ability to trade on over 300+ financial instruments covering Forex, Metals, Indices, Commodities, Futures, and Shares.

FXGiants offers clients the ability to trade on over 300+ financial instruments covering Forex, Metals, Indices, Commodities, Futures, and Shares. Below is a list of just some of the available markets for trading:

Forex Indices Shares
EURUSD US30 Adobe
AUDUSD US500 Facebook
USDCAD Euro 50 Apple
GBPJPY Commodities Visa
GBPUSD Nat Gas Metals
USDJPY Wheat Silver
Brent Crude Gold

*Details regarding the available assets are taken from the FXGiants.com website and are correct at the time of this review. You can find a more detailed list here.

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

Account Opening

FXGiants offers six main account types called Live Floating Spread, Live Fixed Spread, Live Zero Fixed Spread, STP/ECN No Commissions, STP/ECN Zero Spread and STP/ECN Absolute Zero. Demo and Islamic (swap-free) accounts are also available.

FXGiants offers six main account types called Live Floating Spread, Live Fixed Spread, Live Zero Fixed Spread, STP/ECN No Commissions, STP/ECN Zero Spread and STP/ECN Absolute Zero. Demo and Islamic (swap-free) accounts are also available.

The main features of each account are summarised in the below table:

Live Floating Spread Live Fixed Spread Live Zero Fixed Spread STP/ECN

No Commissions

STP/ECN

Zero Spread

STP/ECN

Absolute Zero

Minimum Deposit $100 $100 $100 $100 $100 $100
Spreads from 1 pip 1.2 pips 0 pips 1.7 pips 0 pips 0.2 pips
Commission Zero Zero $9 per lot per side Zero $3.75 per lot per side No Commission
Max Leverage* 1:1000 1:1000 1:500 1:200 1:200 1:200
Bonus Available Yes Yes No No No No

*It should be noted that the max leverage offered with the Bermuda entity is 1:1000 but clients who are registered with the UK entity will only be offered leverage up to 1:30.

Users can open a new account in just a few steps. After clicking the ‘Open Account’ button on the broker’s homepage, users will be guided through the following steps:

  1. Personal Details: Email, country of residence, phone number, name, date of birth, nationality and password.
  2. Trading Account Details: Trading platform, account type, account base currency, leverage,
  3. Questions relating to education level, trading experience, trading knowledge and risk profile.
  4. Address Details: Residential address.
  5. Document Verification: Proof of identity (passport or driving licence) and proof of residence (utility bill or bank statement – not more than 6 months old).

The client portal is shown below:

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

Deposit & Withdrawals Options

FXGiants offers a variety of funding methods including via debit/credit cards, bank wire, Neteller, Skrill, Coinbase and UnionPay.

FXGiants offers fee-free deposits and withdrawals* via debit/credit cards, bank wire, Neteller, Skrill, Coinbase and UnionPay. The below tables show the fees and processing times for some of the payment options available:

Deposits Fees* Processing Time
Bank Wire Transfer Zero fees 2-5 Working Days
Debit/Credit Card Zero fees Instant
Neteller Zero fees Instant
Skrill Zero fees Instant
Coinbase Zero fees Instant
Withdrawal Fees* Processing Time
Bank Wire Transfer Zero fees Within 24 hours.
Debit/Credit Card Zero fees Within 24 hours.
Neteller Zero fees Within 24 hours.
Skrill Zero fees Within 24 hours.
Coinbase Zero fees Within 24 hours.

Clients can deposit and withdraw funds through the client portal.

* Terms and Conditions apply.

Web & Desktop Trading Platforms

FXGiants offers users the ability to trade on the globally renowned MetaTrader 4 trading platform for PC, MAC and Web.

FXGiants offers users the ability to trade on the globally renowned MetaTrader 4 trading platform for PC, MAC and Web. The platform features are highlighted below:

FXGiants Webtrader

  • Trade multiple asset classes.
  • Interactive charts.
  • Great range of technical tools and indicators.
  • No download is needed.

FXGiants MetaTrader 4

  • Fully customisable.
  • Multiple analytical instruments.
  • Advanced charting.
  • Over 30 built-in indicators.

A screenshot of the FXGiants MetaTrader 4 desktop platform is shown below and is covered in more detail in the video review:

Mobile Trading Platforms

FXGiants offers users the ability to access mobile trading on the go from the MetaTrader 4 mobile trading app for Android and iOS systems.

FXGiants offers users the ability to access mobile trading on the go from the MetaTrader 4 mobile trading app for Android and iOS systems. Both app download links can be found in the Google PlayStore or Apple AppStore.

The MetaTrader 4 mobile trading app provides a range of different features including:

  • Trade and manage your account on the go.
  • Multiple order types are available.
  • Real-time quote streaming.
  • Simple to use interface.

The MetaTrader 4 mobile trading app is covered in more detail in the video review.

Trading Features

FXGiants offers a free MT4 VPS (Virtual Private Server) to clients that maintain a minimum amount of 5,000 USD or equivalent as well as access to AutoTrade, a social trading platform.

FXGiants offers a free MT4 VPS (Virtual Private Server) to clients that maintain a minimum amount of 5,000 USD or equivalent allowing for low latency and extra fast execution speeds which is ideal for Expert Advisors (EAs) and automated trading.

The broker also offers social trading via AutoTrade, a trading platform that allows users to copy successful trading strategies from top traders with FXGiants. Users will need to request additional access to connect their accounts to AutoTrade.

Commissions & Spreads

Trading costs vary between account type and the market traded. Some accounts offer commission-free trading with slightly larger spreads whereas some are commission-based and offer raw spreads.

Trading costs vary between account type and the market traded. Some accounts offer commission-free trading with slightly larger spreads whereas some are commission-based and offer raw spreads.

The table below shows the average spreads and commissions for each account type:

Live Floating Spread Live Fixed Spread Live Zero Fixed Spread STP/ECN

No Commissions

STP/ECN

Zero Spread

STP/ECN

Absolute Zero

Spreads from 1 pip 1.2 pips 0 pips 1.7 pips 0 pips 0.2 pips
Commission Zero Zero $9 per lot per side Zero $3.75 per lot per side No Commission

For Non-Islamic accounts, overnight funding or ‘swap’ fees are charged on positions that remain open overnight (22:00) GMT. If positions are being held over the weekend a three-day ‘swap’ charge will be charged on Wednesdays.

The broker charges an annual administrative fee of 50 USD and an additional 3% fee if deposits and withdrawals have taken place without any trading activity.

Bonus & Promotions

The FXGiants entity based in Bermuda offers a No Deposit Bonus as well as several Deposit Bonuses.

The FXGiants entity based in Bermuda offers a No Deposit Bonus as well as several Deposit Bonuses, as described below:

  • No Deposit Bonus: Users can receive a $10 credit bonus for verifying their email and a $15 bonus for verifying their phone number. These bonuses cannot be withdrawn.
  • Deposit Bonuses: There are three deposit bonuses available – Booster Bonuses, Bonus Maximiser and Bonus Advantage. The Booster Bonus gives users an extra 40% credit bonus on any deposit above $500 up to a maximum bonus of $4000. The Bonus Maximiser gives users an extra 100% credit bonus for any deposits over $250 up to a maximum bonus of $10,000. Lastly, the Bonus Advantage gives users a 60% bonus up to $1,000 plus an extra 40% on any deposits up to a total maximum of $5,000.

Customer Support

FXGiants offers multilingual customer support 24/5 via email, phone and live chat. There is also a detailed FAQ section on the broker’s website.

FXGiants offers multilingual (English, Spanish, Japanese, Chinese) customer support 24/5 via email, phone and contact form. There is also a detailed FAQ section covering Trading, Account Opening, Trading Platform and Account Funding.

After submitting a question through the live chat we were connected to an agent who answered our question within 10 seconds, as shown below:

Contact Information:

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

Research

FXGiants does not provide any trader research on their website.

Trader Education

FXGiants does not provide any educational material on their website.

Trading Experience

FXGiants provides clients access to over 300+ financial instruments across Forex, Metals, Indices, Commodities, Futures, and Shares, all through the globally renowned MetaTrader 4 trading platform for PC, MAC and Web.

From our observations, FXGiants provides clients with a simple trading offering on over 300+ financial instruments across Forex, Metals, Indices, Commodities, Futures, and Shares, all through the globally renowned MetaTrader 4 trading platform for PC, MAC and Web.

There are six account types available offering a variety of commission-free and commission-based account structures. Commission-free accounts feature slightly larger spreads whereas commission-based accounts offer raw spreads. Overall, costs are both transparent and competitive.

The broker does not charge any deposit or withdrawal fees and there are several bonuses available for users to gain some extra trading capital on top of their deposits. Further, as the broker is not regulated users can access higher leverage up to 1:1000 on some accounts.

FAQ

Is FXGiants regulated?

FXGiants based in Bermuda is not regulated.

Where is FXGiants based?

65 Court Street, 6th Floor, Hamilton HM 12, Bermuda.

How does FXGiants make money?

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

How do I deposit in a FXGiants account?

Funds can be deposited via debit/credit cards, bank wire, Neteller, Skrill, Coinbase and UnionPay.

What is the min. deposit for FXGiants?

The minimum deposit is $100.

How do I withdraw money from FXGiants?

Withdrawals can be made from the client portal via debit/credit cards, bank wire, Neteller, Skrill, Coinbase and UnionPay.

What is the max leverage in FXGiants?

The max leverage available 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 clients access to trade on more than 300+ financial instruments across Forex, Metals, Indices, Commodities, Futures, and Shares, all through the popular MetaTrader 4 trading platform for PC, MAC and Web.

FXGiants was founded in 2016 and is the brand name of Notesco Limited, a company registered in Bermuda. This entity operates FXGiants.com and is not regulated by any financial body, however, the broker does have a second entity, Notesco UK Limited, in the UK that is authorised and regulated by the Financial Conduct Authority (FCA).

The broker offers clients the ability to trade on more than 300+ financial instruments across Forex, Metals, Indices, Commodities, Futures, and Shares, all through the popular MetaTrader 4 trading platform for PC, MAC and Web.

Users can choose from six main account types – Live Floating Spread, Live Fixed Spread, Live Zero Fixed Spread, STP/ECN No Commissions, STP/ECN Zero Spread and STP/ECN Absolute Zero. Some accounts are commission-free and have slightly larger spreads whereas others are commission-based with raw spreads. Demo and Islamic (swap-free) accounts are also available.

FXGiants offers fee-free deposits and withdrawals* via debit/credit cards, bank wire, Neteller, Skrill, Coinbase and UnionPay. Multilingual customer support is also available 24/5 via email, phone and contact form.

The broker offers great trading features such as Virtual Private Server (VPS) hosting and social trading services. Further, users can take advantage of multiple bonuses on offer including the No Deposit Bonus and the Deposit Bonuses. However, there is no trader research or educational material available.

  • 300+ financial instruments
  • Leverage up to 1:1000.
  • Zero fees on deposits and withdrawals.
  • Commission-free trading is available.
  • MetaTrader 4 is available.

* Terms and Conditions apply.

broker

Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved.

See FXGiants Full Information
Broker General Information
Trading Features
Other Details
Headquarters Country
Bermuda
Foundation Year
2016
Publicly Traded
No
Number Of Employees
0-50
Trading Desk Type
Dealing Desk, ECN, STP, Market Maker
Trading platforms
MT4, WebTrader
Restricted Countries
United States, Cuba, North Korea, Iran, Sudan, Syria
Supported Languages
English, Spanish, German, French, Arabic, Russian, Korean, Brazilian, Indonesian, Thai, Italian, Vietnamese, Malaysian
Min Deposit
$100
Deposit Options
Wire Transfer, Credit Card, Skrill, Neteller
Withdrawal Options
Wire Transfer, Credit Card, Skrill, Neteller
Fixed Spreads
Yes
Commission On Trades
Yes
Products
Currencies, Commodities, CFDs, Indices, Stocks, Futures
Mini Account
Yes
Premium Account
Yes
Demo Account
Yes
Islamic Account
Yes
Segregated Account
Yes
Managed Account
Yes
Institutional Account
Yes
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