Binary options are prohibited in the European Economic Area. 83% of retail investor accounts lose money when trading CFDs.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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FXGiants Forex Broker Review

  1. Established in 2015, FXGiants is a leading international forex/CFDs broker providing financial services to retail and institutional investors all over the world. FXGiants offers more than 200 financial instruments for trading on the MetaTrader4 platform suite, the most popular forex trading software in the industry. Underlying assets for trading forex and CFDs include 80+ currency pairs, metals, shares, indices, commodities, futures and cryptocurrencies (Bitcoin, Ripple, Ethereum and Litecoin). Customers can choose from multiple account types depending on personal trading objectives, with the basic Micro account requiring only $100 to get started. FXGiants trading accounts feature a choice of fixed or floating spreads and flexible leverage up to 1:200

    FXGiants is the trading name of two separate, registered companies, in the UK and Australia, reflecting the success of FXGiants in both the northern and southern hemispheres. 8Safe UK Ltd, is the British company behind the FXGiants brand. Headquartered at Broadgate Tower, 20, Primrose Street, London EC2A 2EW, the company is authorised and regulated by the Financial Conduct Authority under the FCA number 585561. GVS (AU) Pty Ltd, is the Australian company operating FXGiants, authorised and regulated by ASIC under the ASFL number 417482. Because of stringent FCA rules, customers registered with UK based financial services providers including FXGiants, are eligible for compensation up to £50,000 from the Financial Services Compensation Scheme in case of a company failing. Significantly, FXGiants exceeds the FSCS limit, offering insurance protection up to £1 million per client. We saw that additional safeguards have been put in place by FXGiants to protect its customers. Not only are clients’ funds kept in segregated top-tier bank accounts, but an automated negative balance protection system is integrated in the trading software, ensuring that traders’ account balances can never fall below zero.

  2. Account Features

    Promotional Offers at FXGiants

    Interestingly, FXGiants offers impressive customer incentives including a 100% ‘bonus maximiser’ or 20% ‘bonus advantage’ for traders opening new accounts. The deposit bonuses are typically capped at $2,000 and have terms and conditions attached. Additionally, monthly trading competitions are open to all traders at FXGiants, featuring valuable prizes often exceeding $5,000.

    Cryptocurrency Trading at FXGiants

    FXGiants offers competitive trading conditions for CFD trading in Bitcoin, Ripple, Litecoin and Ethereum, against the USD, JPY and EUR. Notably the margin requirements, spreads and commissions are low relative to many other brokers and the minimum order size is from 0.01 lot. The advantage of cryptocurrency trading with underlying assets rather than the actual cryptocurrency assets, is that traders don’t need to own a cryptocurrency wallet required for trading cryptocurrency assets. Instead, they can trade in cryptocurrency CFDs, potentially profiting from up or down side price movements, in a market typically more volatile than those of other asset classes.

    FXGiants Trading Account Types

    Seven different live account variants are offered by FXGiants, tailored to suit a broad range of trading needs and goals. However, all the accounts have a minimum lot size of 0.01 and lot increments of 0.01. Importantly, FXGiants provides traders with a deep pool of liquidity for unrestricted trading. We saw that customers get direct access to top-tier banks and inter-bank prices.

    Choose from Two Types of Demo Trading Account at FXGiants

    FXGiants invites all interested clients to set up a Demo trading account, totally free of risk and without depositing real money with the brokerage. Traders need to give a name, email address, telephone number and country of residence to set up the free Demo account. Currently, there are two types of Demo account, the Demo Standard account offering live variable spreads and the Demo STP/ECN absolute zero account. Traders need to download the MT4 trading software, in order to practice trading with virtual funds provided by FXGiants for the Demo account.

    FXGiants Micro Account

    A minimum $100 initial deposit is required to open the Micro account at FXGiants. The Micro account can be set up using the following base currencies: USD, GBP, EUR, JPY, AUD, CHF, PLN, HUF and CZK. Importantly, a dedicated account manager is available 24/5 as well as access to the dealing room transaction hotline. Traders can choose live fixed or live floating spreads, where the floating spreads on EUR/USD can be from 1.1 pips and the fixed spreads from 2.2 pips.

    FXGiants Premium Account

    A minimum $2,500 opening balance is needed to set up a Premium account. It has all the features of the Micro account described above, but the pip spreads are significantly tighter. The EUR/USD currency pair fixed spread is from 1.2 pips and 0.7 pips on the floating spreads account.

    0 Fixed Spread

    To open a 0 fixed spread account requires an initial deposit of at least $500. We saw that the choice of base currencies is limited to the USD, EUR and JPY. Moreover, traders are charged a commission from $18 per lot. As with the Micro and Premium accounts, traders have access to a dedicated account manager 24/5 and to the dealing room transaction hotline.

    STP/ECN No Commission

    With a minimum deposit of $500, clients can set up an STP/ECN account without paying commission on each lot traded. The base currency for this account can be EUR, USD, JPY, CHF, AUD, HUF, PLN and CZK. Traders can access leverage from 1:1 up to 1:200 depending on the amount of the initial deposit.

    Absolute Zero STP/ECN

    This type of STP/ECN account can only be operated in USD or EUR base currencies and the maximum available leverage is 1:200. We saw that spreads are from 0 pips on the popular EUR/USD currency pair and traders don’t pay commission on traded lots. However, to find out more details about the Absolute Zero account, customers are asked to contact an account manager.

    STP/ECN 0 Spread

    With a minimum first deposit of $500, traders can open a 0 spread STP/ECN account with flexible leverage up to 1:200. Only USD, GBP, EUR, AUD, JPY and CZK are possible base currencies for this account type. Importantly, commissions vary widely between FX lots and Gold Lots.

    Absolute Zero Plus STP/ECN

    The absolute zero STP/ECN account is also available with a PLUS version. It can only be set up in EUR or USD base currencies and provides maximum leverage up to 1:200. We saw that the spread for the EUR/USD currency pair is as low as zero. However, a commission of up to $10 IB is charged. For more information, clients are asked to contact an account manager at FXGiants.

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  5. Trading Software & Assets

    Six trading platforms are available, based on the MetaTrader4 suite of trading solutions. Forex markets recognise the MT4 as the industry standard with the user-friendly interface, making it suitable for new and experienced traders. Importantly, the MT4 comes in multiple languages and is reputed for its high security and stability as well as advanced charting capabilities. The MT4 is not only an excellent forex platform for trading currency pairs but also for trading other asset classes including commodities, cryptocurrencies, indices, futures and equities. A very popular feature offered by the MT4 is automated trading with customised Expert Advisors available free online. Alternatively, traders can create expert advisors using MQL programming language for advanced users, incorporated into the MT4 software.

    MT4 For Desktop and Laptop Computers

    FXGiants offers the MT4 for PC, the MT4 Advanced for PC, MT4 for Mac and the Personal Multi-Account Manager. Notably, the MT4 platforms are not web-based but must be downloaded and installed on the PC or Mac. All four platforms share important features such as online management of orders, positions, equity and exposure. Significantly, traders enjoy the protection of a dynamic security system and access to advanced charting, trading signals, real time quotes, activity reports as well as live streamed news from financial markets.

    MT4 Android Trader for Phones and Tablets

    A user-friendly MT4 mobile app for Android powered devices is available for download from the Google Play Store. Real time quotes and charts are available along with live news and trading history. Importantly, traders can execute all types of orders using any of the execution modes.

    MT4 iOS Trader for iPhones and iPads

    Traders with iPhones and iPads can go to the App Store and download the MT4 mobile app for iOS powered devices. The MT4 app is very user friendly and allows all types of trade execution as well as the placement of all order types. Traders can view their trading history and refer to technical indicators and charts as well as live news for making informed trading decisions.

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    Between 74-89 % of retail investor accounts lose money when trading CFDs

  7. Support Information

    The ‘Research and Academy’ section at FXGiants provides traders with dozens of video tutorials covering an immense range of topics including forex trading, social trading, CFDs, Signals, market analysis and technical indicators. Several free E-Books are also available about trading Forex, CFDs, Stocks and Cryptocurrencies as well as a glossary explaining terms used for trading in financial markets. Live currency rates, economic news and an economic calendar are including in this section.

    FXGiants Customer Service and Support

    We were very impressed by the broad range of methods provided by FXGiants for accessing customer service and support. Apart from the live chat service offered 24/5 on the interface, clients can send their contact details directly to the support team and wait for a phone call or email from a support agent. Alternatively, customers can phone the support number in the UK or one of the international toll-free numbers for clients in China, Korea, Russia, Spain, Malaysia, Indonesia, Thailand, Portugal, Italy, Hungary and Poland. Moreover, we saw that FXGiants gives the company’s postal address in London as well as email addresses, for customer support and the trading desk.

  8. Try trading with an award-winning broker like IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs

  9. Banking & Company Information

    FXGiants supports multiple secure funding methods, currently including credit/debit cards, bank wire transfer, Neteller, FasaPay, Skrill, ChinaUnion and DotPay. Notably, deposits and withdrawals are authorised automatically on the easy-to-use interface on the FXGiants portal and there are no restrictions imposed by any of the payment methods supported. FXGiants does not charge fees on funds deposited to customer accounts, irrespective of the payment method used.

    Withdrawal Fees Charged by FXGiants

    Withdrawal amounts are typically limited to $50,000 per transaction or currency equivalent, and withdrawal fees apply to some of the payment methods. We saw that a 2% fee, capped at $30 is charged for withdrawals using Neteller. A fee of 0.5% capped at around $5 is applied to withdrawals made with FasaPay. Withdrawals made with Skrill are charged 1% capped to $10,000 and ChinaUnionPay withdrawals are charged a CNY 20 fee per transaction. Withdrawal fees using Visa, Maestro or Mastercard pay up to 2 Euros per transaction while bank wire transfers are not charged fees by FXGiants (fees are usually charged by intermediary banks).

  10. Conclusion:

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    Trade with an
    award-winning broker
    like IQ Option

     

     

    Between 74-89 % of retail investor accounts lose money when trading CFDs
    11. Your capital is at risk

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