General Information & Regulation
Founded in 2015, FXGiants is an online broker that offers retail and institutional traders across the globe access to trade over 200+ instruments from multiple asset-classes including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies & CFDs. FXGiants AU is a trading name of Notesco Pty Limited, which is regulated by the Australian Securities and Investments Commission (Regulatory Number: 417482), however, this license is suspected to be a clone one.
Market Instruments
FXGiants offers investors access to over 200 financial instruments, including Forex currency pairs, commodities, cryptocurrencies, stocks, indices, metals, energy, and CFDs.
Minimum Deposit
FXGiants offers investors six different trading accounts: Micro (with a minimum deposit of $100), Premium (with a minimum deposit of $1000), Zero Fixed Spread (with a minimum deposit of $500), STP/ECN Zero Commission (with a minimum deposit of $200), Absolute Zero STP/ECN and STP/ECN Zero Spread (with a minimum deposit of $500).
FXGiants Leverage
The maximum leverage offered by FXGiants is incredibly up to 1:1000. Unregulated brokers usually offers high trading leverage, so investors should learn how to manage leverage and employ risk management strategies to mitigate forex losses.
Spreads & Commissions
FXGiants Micro accounts have two spread options, one with fixed spreads starting at 2.2 pips and one with floating spreads starting at 1.1 pips. Premium accounts also have two spread options, a fixed spread starting at 1.2 pips and a floating spread starting at 0.7 pips. 0 Fixed spread accounts have a commission of $18 per lot, and STP/ECN zero spread accounts have a commission of $7.50 per lot.
Trading Platforms
FXGiants offers traders the most popular MT4 trading platform, as well as a web-based trading platform.
Trading Tools
Whilst there is already a vast array of tools built into the provided trading platforms, FXGiants also offer some additional tools that can be used to assist with your trading. These trading tools include myfxbook autotrade, free virtual private server (VPS), educational trading videos.
Deposit & Withdrawal
FXGiants welcomes traders to deposit and withdraw funds from their investment accounts via wire transfer, credit/debit card, FasaPay, UnionPay, etc.
Customer Support
The FXGiant customer support team is available 24/5 via online chat, telephone and email. Support is multilingual, with toll free numbers for various countries on the website. The online chat customer services team are very quick with their responses.
FXGiants Pros & Cons
FXGiants Advantages Include:
1. Wide range of trading assets
2. MT4 trading platform
3. Multiple trading accounts to choose from
4. Free VPS
FXGiants Disadvantages Include:
1. An unregulated broker
2. No US clients
3. Limited deposit & withdrawal options
