According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- 2006
Our Evaluation of FXGiants
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
FXGiants is a moderate-risk broker with the TU Overall Score of 6.32 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by FXGiants clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Brief Look at FXGiants
FXGiants is run by a group of professionals with many years of experience in the world of international finance. The team at FXGiants includes market analysts, client business solution specialists, risk management experts and developers.
FXGiants services retail and institutional investors in over 150 countries around the world, providing the best support and trading conditions for our clients.
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Author, Financial Expert at Traders Union
FXGiants provides a broad range of services, including Forex and CFDs on commodities, indices, stocks, and cryptocurrencies across MT4, mobile platforms, and WebTrader. The company offers STP/ECN and Live Fixed Spread accounts, with favorable trading conditions including no fees for some accounts, leverage up to 1:1000, and low spreads starting at 0.2 pips for EUR/USD. Additionally, FXGiants supports diverse deposit and withdrawal methods with no transaction fees, making it an attractive option for cost-conscious traders.
However, FXGiants has its drawbacks, such as a safety score of 4.7/10 due to its Tier-3 regulation under the Bermuda Monetary Authority, which may not provide the stringent oversight some traders prefer. Additionally, the platform lacks some features like bonds and copy trading that may appeal to certain traders. The broker's fee structure is also complex, which could be challenging for beginners to navigate. FXGiants may suit traders looking for low trading costs and high leverage but may be less suitable for those prioritizing Tier-1 regulatory protection and a broader range of investment options.
- You are looking for high leverage as this broker offers leverage of up to 1:1000, allowing you to potentially amplify your trading capital and maximize your trading opportunities.
- You are skill-conscious as this broker caters to traders of all skill levels. They provide user-friendly mobile apps and powerful platforms like MetaTrader 4 and 5, ensuring that everyone can find a suitable trading solution tailored to their needs and preferences.
- You reside in the US, Canada, Japan, or specific other jurisdictions. You won't be able to trade with this broker as they do not accept clients from these regions. It's essential to ensure compliance with regulatory restrictions before attempting to open an account with this broker.
FXGiants Trading Conditions
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage 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.
| 💻 Trading platform: | MetaTrader 4, Mobile Platforms, WebTrader |
|---|---|
| 📊 Accounts: | STP/ECN No Commissions, STP/ECN Zero Spread, STP/ECN Absolute Zero, Live Floating Spread, Live Fixed Spread, Live Zero Fixed Spread |
| 💰 Account currency: | USD, EUR, GBP, CHF, JPY, AUD, CAD, RUB, HUF, INR, CZK |
| 💵 Deposit / Withdrawal: | Credit Card, Neteller, Skrill, Union Pay, Wire Transfer, Crypto currencies, FasaPay, GlobePay, PaySafe, Boleto, Perfect Money/ Credit Card, Neteller, PayPal, Skrill, Union Pay, Wire Transfer, FasaPay, Blobe Pay, Perfect Money, Bitcoin |
| 🚀 Minimum deposit: | $100 |
| ⚖️ Leverage: | up to 1:1000 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | 0,2 pips |
| 🔧 Instruments: | Forex, CFDs, Commodities, Indices, Stocks, Cryptocurrencies |
| 💹 Margin Call / Stop Out: | 80%/20% |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Mobile Platforms |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market Execution, Instant Execution |
| ⭐ Trading features: | No |
| 🎁 Contests and bonuses: | YES |
FXGiants Key Parameters Evaluation
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Benjamin Unger 
DE Berlin Easy process to open account and set up and get it verified. It really doesnt take much time and it's not hard, and once you deposit then you are ready to trade, but be careful and choose the account that fits your trading style.
Not much in terms of analytics and educations provided by broker, they have the blog but the condition of it is just sad.
ES Zubia
PT Lisbon
GB Grangemouth
FR Draguignan
ES Granada Regulation and safety
FXGiants has a safety score of 4.7/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Track record over 19 years
- Not tier-1 regulated
FXGiants Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
| BMA (Bermuda) | Bermuda Monetary Authority | Bermuda | No specific fund | Tier-3 |
FXGiants Security Factors
| Foundation date | 2006 |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker FXGiants have been analyzed and rated as Low with a fees score of 9/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of FXGiants with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, FXGiants’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
FXGiants Standard spreads
| FXGiants | Pepperstone | OANDA | |
| EUR/USD min, pips | 1,0 | 0,5 | 0,1 |
| EUR/USD max, pips | 1,3 | 1,5 | 0,5 |
| GPB/USD min, pips | 1,0 | 0,4 | 0,1 |
| GPB/USD max, pips | 1,3 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
FXGiants RAW/ECN spreads
| FXGiants | Pepperstone | OANDA | |
| Commission ($ per lot) | 2,5 | 3 | 3,5 |
| EUR/USD avg spread | 0,2 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,2 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with FXGiants. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
FXGiants Non-Trading Fees
| FXGiants | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
FXGiants offers a variety of account types with different conditions, allowing traders to choose between various spreads and fee structures. Cent accounts are not available.
The FXGiants demo account allows you to test trading conditions without depositing real funds. A virtual deposit of $100,000 is provided for risk-free trading in a simulated real market environment.
Deposit and withdrawal
FXGiants received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
FXGiants provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Supports 5+ base account currencies
- Bank card deposits and withdrawals
- BTC available as a base account currency
- No withdrawal fee
- PayPal not supported
- Wise not supported
- Limited deposit and withdrawal flexibility, leading to higher costs
What are FXGiants deposit and withdrawal options?
FXGiants provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Neteller, BTC, USDT.
FXGiants Deposit and Withdrawal Methods vs Competitors
| FXGiants | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | Yes | No | No |
What are FXGiants base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. FXGiants supports the following base account currencies:
What are FXGiants's minimum deposit and withdrawal amounts?
The minimum deposit on FXGiants is $50, while the minimum withdrawal amount is $10. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact FXGiants’s support team.
Markets and tradable assets
FXGiants offers a limited selection of trading assets compared to the market average. The platform supports 300 assets in total, including 70 Forex pairs.
- 70 supported currency pairs
- Commodity futures are available
- Indices trading
- Limited asset selection
- No ETFs
%1$s Supported markets vs top competitors
We have compared the range of assets and markets supported by FXGiants with its competitors, making it easier for you to find the perfect fit.
| FXGiants | Plus500 | Pepperstone | |
| Currency pairs | 70 | 60 | 90 |
| Total tradable assets | 300 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | No | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products FXGiants offers for beginner traders and investors who prefer not to engage in active trading.
| FXGiants | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | No | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | Yes | No | No |
Contacts
| Foundation date | 2006 |
|---|---|
| Registration address | 65 Court Street, 6th Floor, Hamilton HM 12, Bermuda. |
| Official site | fxgiants.com |
| Contacts |
+44(0) 207 523 5394
|
Comparison of FXGiants with other Brokers
| FXGiants | Bybit | Eightcap | XM Group | TeleTrade | Markets4you | |
| Trading platform |
MT4, WebTrader, Mobile MT4, MT4 Advanced | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5 | MT4, MobileTrading, MT5 |
| Min deposit | $100 | No | $100 | $5 | $10 | No |
| Leverage |
From 1:1 to 1:1000 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:500 |
From 1:10 to 1:4000 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0 points | From 0 points | From 0 points | From 0.8 points | From 0.2 points | From 0.1 points |
| Level of margin call / stop out |
80% / 20% | No / 50% | 80% / 50% | 100% / 50% | 70% / 20% | 100% / 20% |
| Order Execution | Market Execution, Instant Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | No | No | Yes |
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