Overall score
 4.9/5
 5/5
 5/5
 4.5/5
 5/5
 5/5

FXGiants Broker Review 2024

Established in 2015 under the trade name Notesco Limited, registered in Bermuda, FXGiants is a globally recognised online forex broker serving both retail and institutional clients. Operating in over 150 countries worldwide, FXGiants is dedicated to providing transparent and exceptional trading conditions to its diverse customer base.

The broker offers access to a wide array of over 300 CFD instruments across six asset classes, all while offering competitive spreads and flexible leverage. Additionally, a proficient and friendly multilingual customer support team is on hand 24/5 to assist clients.

Regulation

N/A

Supported Languages

Arabic, Bulgarian, Chinese, Czech, Dutch, English, French, German, Greek, Hebrew, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Romanian, Russian, Spanish, Turkish, Vietnamese, Persian, Indian

Products

Forex, Metals, Indices, Commodities, Futures & Shares

Min Deposit

100 USD

Max Leverage

1:1000

Trading Desk Type

ECN, STP, Market Maker

Trading Platforms

MetaTrader 4, MT4 VPS Hosting

Deposit Options

Wire bank transfers, Local bank transfers, credit/debit cards, payment apps, Digital assets

Withdrawal Options

Visa card, Bank Wire Transfer, Skrill, Neteller, UnionPay

Time to Withdrawal

Withdrawal times vary depending on the Payment provider but range from the same day to 10 business days.

Time to Open An account

5 minutes to register

Cryptocurrencies

N/A

Demo Account

Yes

Foundation Year

2010

Headquarters Country

Bermuda

Trading Platforms

Traders have the opportunity to tap into the global financial markets using cutting-edge trading platforms like MetaTrader 4 and WebTrader. For those who prefer trading on the move, FXGiants offers mobile trading and a WebTrader app.

FXGiants takes pride in its state-of-the-art order execution and fast execution, and is dedicated to making every customer’s trading journey as pleasant and successful as possible.

Account Details

The minimum deposit requirement is set at $100, and traders can choose from base currencies including USD, EUR, GBP, JPY, BTC, CHF, and CZK. Traders in the Forex and other financial markets can utilize various trading platforms, including MT4, WebTrader, FXGiants Web Trader app, FXGiants Mobile Trading app, and manage multiple accounts with the PMAM platform. VPS Hosting ensures a secure and fast connection. A demo account is also available for practicing with virtual funds.

Moreover, FXGiants provides traders with an extensive educational Blog which includes insightful articles on trading.

Broker Security

FXGiants provides a negative balance protection policy to ensure that traders’ margin balances never go below zero, safeguarding them from incurring additional debts when facing losing trades. This policy enhances the broker’s reputation as a reliable and secure trading platform.

Fee Details

FXGiants competes favourably in terms of fees, offering low spreads and flexible leverage of up to 1:1000. FXGiants’ accounts have zero commissions with the exception of the Live Zero Fixed Spread account whose spreads are fixed at 0.0 pips, and traders have to pay $9 per lot per side. The STP/ECN accounts are also offering zero commission with the exception of the Zero Spread account, where spreads start from 0.0 pips but traders have to pay $3.75 per lot per side.

Additionally, FXGiants does not charge fees for withdrawals and deposits, although clients may incur certain costs due to third-party charges associated with specific payment methods. A 3% ‘no trading’ fee may be applied when a trader deposits and requests to withdraw funds without executing any trades.

Like other brokers, FXGiants charges swap fees for positions left open overnight. Overall, FXGiants offers competitive fees, making it an attractive choice for forex and other market traders.

Spread Fee Details

The tightness of spreads is a crucial concern for traders, as wider spreads mean higher costs. FXGiants offers some of the narrowest spreads in the industry, starting from 0.00 pips, positioning it as one of the most cost-effective brokers available.

Traders can explore CFD trading across more than 300 instruments, accessing the global financial markets, including Forex, Precious Metals, Futures, Commodities, Shares and Indices. This makes FXGiants an excellent choice for trading, especially considering the competitive spreads offered across most of these instruments.

Swap Fee Information

Like many other brokers, FXGiants charges swap fees for holding positions overnight. For Islamic traders, the broker offers swap-free accounts. These swap fees vary based on the currency pair and other parameters, typically calculated as a percentage of the underlying asset’s price.

Importantly, the swap fee can be either positive or negative, contingent on the currency pair and other factors. FXGiants’ swap fees are highly competitive compared to other market brokers, making it an appealing choice for traders looking to manage their trading costs effectively.

Deposit and Withdrawal Options

FXGiants provides a wide range of payment methods for both deposits and withdrawals, including credit/debit cards, bank wire transfers, and e-wallets. The minimum deposit required to open an account with FXGiants is $100, with no extra fees for deposits. However, it’s worth noting that clients may face third-party charges depending on their chosen payment method. Deposits and withdrawals are generally free, although certain exceptions may apply, depending on the client’s bank or financial institution.

The deposit and withdrawal processes are secured with the latest SSL encryption and other security technologies. FXGiants’ client portal and payment procedures are designed to be secure and dependable, with a dedicated multilingual customer support team available 24/5 to assist clients.

Available Trading Markets

FXGiants offers a diverse range of tradable markets, encompassing Forex, Precious Metals, Futures, Commodities, Equities, and Indices. These markets can be accessed through the MT4 trading platform, MT4 WebTrader, and mobile apps, which provide all the necessary tools for efficient trade execution.

Forex Market

Traders can trader over 80 currency pairs, including majors, minors, and exotics, with tight spreads and transparent fees. Major currency pairs like EUR/USD, GBP/USD, and USD/JPY are available with competitive spreads. Depending on their trading strategy and risk tolerance, forex traders can opt for either fixed or variable spreads. The MT4 platform supports the development of automated trading strategies using Expert Advisors (EAs) and provides one-click trading for added convenience.

Precious Metals

FXGiants offers trading in precious metals such as Gold, Silver, Platinum, and Palladium. These metals are particularly popular during times of economic uncertainty and market volatility. Metal trading provides portfolio diversification, high liquidity, and substantial trading volumes. Traders can employ specific strategies and explore market opportunities due to the predictability of supply and demand in these markets.

Futures

FXGiants provides CFDs on futures with low spreads and competitive or zero commissions. Traders gain access to some of the most liquid futures markets, including the S&P 500, Nasdaq 100, Dow Jones 30, and more.

Commodities

FXGiants’ traders can access CFDs on oil, natural gas and other commodities with low spreads and flexible leverage. Given the price volatility driven by supply and demand fluctuations, political unrest, and other factors, traders can capitalise on these movements by trading commodity CFDs. This allows traders to participate in commodity markets without physically owning the underlying assets.

Stocks

FXGiants also provides trading in CFDs on stocks with flexible leverage and competitive spreads. Traders can trade CFDs on popular companies such as Alphabet, Meta, Apple, and Amazon, with the option to explore opportunities on the go through FXGiants’ mobile trading app and other platforms, including MT4. The platform equips traders with fundamental data and technical indicators for stock analysis and strategy development.

Indices

FXGiants also offers CFD trading on various indices, enabling traders to access global spot indices like the Footsie, Aussie 200 and the German Dax, among others. These indices are available with flexible leverage and low spreads, providing traders with versatility in terms of short and long positions.

Leverage Information

FXGiants offers a maximum leverage of 1:1000, allowing traders to execute larger trades with less capital. Leverage can be adjusted to suit the specific needs of traders, giving them greater control over their trading strategies. For instance, a trader with $350 in their account can use leverage to enter a trade worth up to $350,000. FXGiants stands out by providing significantly higher leverage compared to many other brokers. While trading with leverage can amplify profits, it’s essential to be aware of the increased risk of losses if the market moves unfavorably.

Negative Balance Protection (NBP)

FXGiants offers Negative Balance Protection (NBP), assuring that a trader’s account will not go into a negative balance, even if they incur losses exceeding their initial deposit. This safeguard ensures that traders’ funds remain secure from unexpected market movements.

Available Trading Platforms

FXGiants offers a market-leading trading platform, the widely acclaimed MT4, known for its user-friendly interface and comprehensive features. Traders can access MT4 on their desktop or laptop computers, as well as on Android devices or online through the MT4 WebTrader, without the need for downloads or additional software. In addition to MT4, FXGiants provides a Web Trader app, a mobile trading app, VPS Hosting, and PMAM.

Account Options

FXGiants offers a range of trading accounts customised to accommodate the distinct needs and trading preferences of traders at various skill levels. Clients can opt for live accounts or STP/ECN accounts, or they can practice with a demo account. They can choose between accounts with floating or fixed spreads, low to zero commission, and variable lot sizes. FXGiants facilitates seamless transactions through various payment methods, including VISA, Wire Transfer, and more.

Promotional Offers

FXGiants provides a diverse selection of deposit bonuses and promotions designed to enhance the trading experience. Clients can boost their trading with FXGiants no deposit bonuses upon email and phone verification. Alternatively, they can select from bonuses such as the 100% Bonus Maximiser, the 40% Booster Bonus, or the 60% Bonus Advantage.

Customized Interface

MT4’s user interface is customizable, allowing each trader to tailor their experience according to their unique needs. Advanced charting tools enhance the trading experience, enabling technical analysis and keeping traders informed about market trends.

Advanced Trading Orders

Traders have access to various advanced trading orders, such as limit orders, stop losses, and take profits, which assist in managing risk effectively and maximizing profits.

One-Click Trading

The MT4 platform supports one-click trading, simplifying order execution and saving time, thereby increasing trading efficiency. FXGiants allows hedging and scalping, adding to the flexibility of its trading environment.

Summary

In summary, FXGiants is a trustworthy and transparent broker, providing easy, fast, and secure access to the financial markets. The platform offers an extensive array of tradable instruments, advanced trading orders, and technical indicators.

How to Open a Trading Account at FXGiants

Opening a trading account at FXGiants is a straightforward process:

  1. Visit the FXGiants website and click on “Open Account.”
  2. Provide your personal details and specify your preferred account type and other trading details.
  3. You will receive an email containing your account details and instructions on how to fund your account. You may also need to provide additional documents to verify your profile before getting started.

Customer Support

FXGiants ensures that its customer support team is readily available to assist traders 24/5, providing multilingual support in over 30 languages. The support team is there to offer assistance with various aspects of trading accounts, funding, and more.

FXGiants differentiates itself by providing dedicated, multilingual customer support, and a variety of services and products to suit different trader profiles. Overall, FXGiants is a trusted broker offering professional and advanced trading platforms for secure access to global markets. Whether you’re a seasoned trader or just starting out, FXGiants remains a top choice for those seeking a broker with a wide range of products and resources to support their trading journey.

All trading involves risk. It is possible to lose all your capital.

Reviews

Excellent
Easy to use and operate, straight dashboard and the helpline is fast
Easy to use and operate, straight dashboard and the helpline is fast
Was very easy and simple to deposit however did encounter difficulties while setting up account
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