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.