FXGiants Review 2022

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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
Payment Methods
Min. Trade0.01 lots
Regulated ByFCA & ASIC
MetaTrader 4Yes
MetaTrader 5No
cTraderNo
OmniTraderNo
AlgoTraderNo
TradingViewNo
Trading CentralNo
AutochartistNo
STP AccountNo
ECN AccountNo
DMA AccountNo
MAM AccountYes
PAMM AccountNo
LAMM AccountNo
Demat AccountNo
Mobile AppsYes
Margin TradingNo
Volatility IndexNo
Spot TradingNo
Perpetual SwapsNo
ELWsNo
REITsNo
AI / Machine LearningNo
Robo AdvisorNo
P2P TradingNo
Negative Balance ProtectionNo
VPS HostingNo
TournamentsNo
Demo CompetitionsNo
Managed AccountsNo
Market MakerNo
Auto TradingYes
Social TradingYes
Copy TradingNo
Trade SignalsYes
Islamic AccountNo
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • SEK
  • CHF
  • PLN
  • CZK
Commodities
  • Gold
  • Silver
CFD TradingFXGiants offers leveraged CFD products on multiple financial markets.
CFD FTSE SpreadN/A
CFD GBPUSD Spread1.97
CFD Oil Spread4.11
CFD Stocks SpreadVariable
CFD Leverage1:300 UK, 1:500 Australia, 1:1000 Global
Forex TradingThere's a long list of major, minor and emerging forex pairs at FXGiants.
Forex GBPUSD Spread1.97
Forex EURUSD Spread1.74
Forex EURGBP Spread1.90
Forex 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
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
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
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.

Compare FXGiants

Compare FXGiants with similar brokers that accept traders from your location. Among available brokers these are the most similar to FXGiants:

  1. AAAFx – AAAFx offers CFD trading in forex, commodities, indices and cryptocurrencies.
  2. IG Group – IG-US offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have over 47 year track record of excellence.
  3. InstaForex – InstaForex is a CFD broker providing access to forex, stocks, cryptocurrencies, commodities, and energy, as well as stock indices. With competitive fees and a huge range of available assets, the brand offers safe and reliable trading.
  4. Forex.com – Forex.com boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer tight spreads on a cutting edge platform.

FXGiants Comparison Table

Compare FXGiants With Similar Brokers
FXGiants AAAFx IG Group InstaForex Forex.com
Rating 4.4 4.5
Markets Forex, Stocks, Commodities Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto
Demo Account Yes Yes Yes Yes Yes
Minimum Deposit $100 $10 £250 €200 to €50,000 (depending on account type) $100
Minimum Trade 0.01 lots 0.01 lots 0.1 lots 0.01 Lots $1
Regulators FCA & ASIC HCMC (Greece), FSCA (South Africa) FCA, ASIC, MAS, FSCA, JFSA, FMA, CFTC, NFA, BMA, DFSA, FINMA, BaFin CySEC CySEC, IIROC, NFA, CFTC, FCA, CIMA
Bonus $10 no deposit welcome bonus 100% Deposit Bonus available for Global clients No
Education No Yes No Yes
Platforms MT4 MT4, MT5 MT4 MT4, MT5 MT4
Leverage 1:300 UK, 1:500 Australia, 1:1000 Global 1:30 EU, 1:500 Global 1:30 1:30 for retail clients, 1:500 for professional 1:200
Payment Methods 3 8 6 10 8
Detailed Comparison FXGiants vs AAAFx FXGiants vs IG Group FXGiants vs InstaForex FXGiants vs Forex.com
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Compare Trading Instruments

Compare FXGiants Trading Instruments
FXGiants AAAFx IG Group InstaForex Forex.com
CFD Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes Yes
Stocks Yes Yes Yes Yes Yes
Commodities Yes Yes Yes Yes Yes
Oil No No Yes Yes Yes
Gold Yes Yes Yes Yes Yes
Copper No No Yes No No
Silver Yes No Yes Yes Yes
Corn No No No No No
Crypto No Yes Yes Yes Yes
Futures Yes No Yes No Yes
Options No No Yes No Yes
ETFs No No Yes Yes No
Bonds No Yes No No
Warrants No No No No
Spreadbetting No No Yes No No
Volatility Index No No Yes No No

FXGiants vs Other Brokers

Compare FXGiants with any other broker by selecting the other broker below.

FXGiants vs

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.