FXGiants Review and Tutorial 2020

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FXGiants Facts & Figures

FXGiants is a top trading provider, offering a breadth of assets on the MT4 platform.

Bonus$10 no deposit welcome bonus
InstrumentsForex, CFDs, indices, shares, commodities, futures
Demo AccountYes
Min. Deposit$100
Min. Trade0.01 lots
Regulated ByFCA & ASIC
MT4 IntegrationYes
MT5 IntegrationNo
Mobile AppsYes
Auto TradingYes
Trade SignalsYes
Islamic AccountNo
CFD
FXGiants offers leveraged CFD products on multiple financial markets.
FTSE SpreadN/A
GBPUSD Spread1.97
Oil Spread4.11
Stocks SpreadVariable
Forex

There's a long list of major, minor and emerging forex pairs at FXGiants.

GBPUSD Spread1.97
EURUSD Spread1.74
EURGBP Spread1.90
Assets84
Risk Warning – Your capital is at risk

FXGiants is a forex and CFD broker with MT4 integration. Our review covers all aspects of trading with this broker, including the minimum deposit requirement, withdrawal times and welcome bonus terms. Decide whether to sign up with FXGiants today.

FXGiants Details

This broker’s brand is formed of three entities. FXGiants is a brand name of Notesco UK Limited, which is regulated by the Financial Conduct Authority (FCA) and has a registered office address in London. It is a trading name of Notesco Pty Limited, which is licensed by the Australian Securities and Investment Commission (ASIC). FXGiants is also a trading name of Notesco SVG Limited, which does not appear to be regulated. The branch that clients trade under depends on their registered location. Globally FXGiants BM offers its services to traders in over 150 countries, including Portugal and Indonesia.

Trading Platforms

Traders gain access to the FXGiants customer portal, branded the Hub, when registration is complete. After login, clients can deal on the financial markets using the integrated trading platform.

MetaTrader 4

All entities of the FXGiants group offer the MT4 platform, which is considered to be the industry-standard for both advanced and novice traders. Clients can download the software onto PC and utilise the wide range of automation and functional tools available:

FXGiants MetaTrader 4

This platform also offers the convenience of MT4 WebTrader, the browser-based version of the platform that clients can use to execute orders from any device. WebTrader has the same advanced functionality as the software download with added portability and trading alert notifications.

Personal Multi-Account Manager (PMAM)

This FXGiants platform is available to clients registered under the global jurisdiction, i.e. not the UK or Australian entities, and gains positive user reviews. PMAM allows traders to manage several portfolios and an unlimited number of MT4 accounts. It offers the following features:

AutoTrade

Global FXGiants clients can also register for the AutoTrade platform. This copy trading platform allows users to follow successful investors and copy their orders automatically. It also enables successful traders to make a profit from being followed.

MT4 Virtual Private Server (VPS)

FXGiants traders can opt to connect their account to the broker’s VPS, which is available free of charge for clients depositing and maintaining at least $5,000 in their account. The VPS provides a virtual terminal to achieve rapid order execution from any location. It offers a number of benefits:

Assets

FXGiants offers over 300 tradeable instruments across a wide range of assets:

In our review opinion, the breadth of assets offered by FXGiants is reasonable although could be improved by offering popular instruments such as binary options or cryptocurrency.

Spreads & Commission

At FXGiants the spread offered depends on the account type but are generally competitive. For example, the average EURUSD spread is as follows:

The Live Zero Fixed Spread account includes a commission of $9 per lot per side, and the STP/ECN Zero Spread type charges $3.75. FXGiants also charges a swap fee for positions held open overnight, and an annual $50 charge on inactive accounts.

FXGiants Leverage

All clients at FXGiants can access leverage to increase their position size:

Mobile Apps

The FXGiants Hub app is available on Google Play (APK) and the Apple App (iOS) store. Although not advertised on the broker’s website, the downloadable app allows clients to register and fund their accounts, in addition to withdrawing profits and viewing their transaction history.

FXGiants mobile trading

MT4 is also offered as a mobile app on both major systems. Clients enjoy the flexibility of trading from a phone or tablet alongside a wide range of analytical tools and interactive quote charts.

FXGiants MT4 mobile

Payment Methods

At FXGiants the minimum deposit starts from $100. This broker accepts deposits via several routes including Visa, wire transfer, and digital wallets such as Neteller and bitwallet. These methods are instant except for wire transfer, and clients have the choice of six base currencies. Where deposits or withdrawals are performed without trading activity, the broker charges a 3% fee on deposited funds.

Withdrawal can only be done through bank wire, and traders should apply via the Hub. Withdrawal processing time can be up to 5 working days.

Demo Account

Prospective clients can open an FXGiants demo account on either the Live Floating Spread, Live Fixed Spread, or STP/ECN Absolute Zero accounts. Users have the choice of four currencies and can use the account to practice operating MT4 and trading on the financial markets.

Bonuses & Promo Codes

Both the Australian and global FXGiants entities currently advertise deposit bonus promotions: the Booster Bonus, Bonus Maximiser, and Bonus Advantage schemes. As a welcome to new clients, the global branch also offers a no deposit bonus scheme. New traders can receive $10 credit for verifying their email and $15 credit for mobile verification. Our review was satisfied with the extensive bonus offering.

Deposit/no deposit bonus terms and conditions include:

Licensing Review

The UK entity of FXGiants is regulated by the Financial Conduct Authority (FCA). Clients with this branch have access to the UK’s Financial Services Compensation Scheme (FSCS) which entitles them to up to £85,000 if the broker becomes insolvent. The Australian branch is regulated by the Australian Securities and Investments Commission (ASIC) and the third entity does not appear to be licensed.

Overall this broker appears to be trustworthy with oversight from respected financial bodies, but prospective traders should thoroughly research any broker before making investments. For example, clients may consider reading trading forum comments.

Additional Features

FXGiants does not offer news updates or trading education on its website. This broker does have an active Facebook page though, providing news and other informational content. Overall though, FXGiants falls behind competitors in this area.

Live Accounts

FXGiants traders can open several real accounts depending on their intended strategy. The minimum lot size is 0.01 across all accounts. The Live category includes the Live Floating Spread, Live Fixed Spread, and Live Zero Fixed Spread, where the latter incurs commission in exchange for spreads from 0 pips.

The STP/ECN solutions include the STP/ECN No Commissions, STP/ECN Absolute Zero, and STP/ECN Zero Spread, the last of which also charges a commission for variable spreads starting from 0 pips. ECN execution is an efficient and rapid order placement technology that may benefit advanced traders.

Note that commodities, shares, and futures trading is only available on Live Floating Spread and Live Fixed Spread account types. Energies trading is not available on the STP/ECN Zero Spread account.

Pros

Trading with FXGiants has several advantages:

Cons

Trading Hours

Although the FXGiants website is online 24/7, some markets tend to run only on weekdays and so clients should confirm opening hours to know when their assets will be tradeable. This broker indicates that trading hours are 24 hours per day from Monday to Friday.

Customer Support

The FXGiants customer support team is available on live chat 24/5. Clients can also contact the broker via:

Security

FXGiants protects client personal data from misuse or inappropriate disclosure according to its privacy policy. The broker also uses Transport Layer encryption TLS 1.2 and the AES algorithm to safeguard transaction details.

FXGiants Verdict

FXGiants is an international forex and CFD broker using the MT4 platform. The broker offers zero spreads, welcome and trading deposit bonuses, plus a VPS service. With FCA and ASIC regulation, this broker may appeal to many traders open to expanding their portfolio.

Accepted Countries

FXGiants accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use FXGiants from United States, Iran, Korea, Cuba, Sudan, Syria.

FAQ

Is FXGiants a good broker?

FXGiants does not appear to be a scam and seems to be a legitimate broker. It offers very competitive spreads and several account types to suit a range of traders.

Is FXGiants regulated?

The UK branch of this broker is regulated by the Financial Conduct Authority (FCA) and the Australian entity is regulated by the Australian Securities and Investments Commission (ASIC). The other branch does not seem to be licensed.

What platforms does FXGiants offer?

FXGiants offers MT4 integration, which also gives users access to the WebTrader and mobile app platforms. This broker also runs an account management platform called PMAM, in addition to a VPS that may benefit clients’ trading strategy.

Does FXGiants offer bonuses?

This broker offers both deposit and no deposit bonuses. Clients should note that bonuses are non-withdrawable and only apply to certain accounts.

Does FXGiants offer a demo account?

FXGiants provides a demo account for the Live Floating Spread, Live Fixed Spread, and STP/ECN Absolute Zero solutions. These demos allow traders to become familiar with the MT4 interface before making an investment.

FXGiants is a top trading provider, offering a breadth of assets on the MT4 platform.