FXGiants Review 2024 with Rankings by Dumb Little Man

FXGiants Review

“Forex brokers” are very important in the global trading market because they make it easier for people to buy and sell currencies. In this very competitive field, FXGiants stands out by providing a wide range of financial assets. It lets you trade CFDs on more than 300 products, such as stocks, futures, forex, and spot metals. Because FXGiants offers so many trading options, it’s a good choice for investors who want to diversify their portfolios in a safe setting.

With clients from over 150 countries, the platform’s worldwide reach shows how reliable and appealing it is on a global scale. FXGiants is proud to offer a safe and easy-to-use trading environment, which is very important for managing the complicated world of online trading. This review is based on the results and experiences of experts and gives a full picture of FXGiants’ services. Its goal is to help traders make smart choices.

What is FXGiants?

There is one foreign online trading broker called FXGiants that stands out in the financial trading business. FXGiants serves both individual and institutional investors by giving them access to more than 300 instruments in 6 asset groups. Its dedication to offering a wide range of investment opportunities is shown by the fact that it offers a lot of different trading options, from forex to stocks and futures.

Over 150 countries are among FXGiants’ clients, which shows that the company has a global reach and is dedicated to providing honest and dependable services around the clock.

The broker puts a high value on clear trading conditions and makes sure that clients trade in a fully clear setting to get the best trading experience. This commitment to openness is matched by its reliable trading performance. An amazing 99.62% of trades are completed in milliseconds, which shows how efficient and reliable it is.

FXGiants also has tight spreads and flexible leverage up to 1:1000, which help traders get the most out of their trading methods. They promise quick and safe funding, which keeps clients’ money safe and lets them deposit and withdraw with trust.

Also, live support is available 24 hours a day, seven days a week, and offers professional, multilingual help for any questions or needs that may come up. This shows how committed FXGiants is to offering excellent customer service.

Safety and Security of FXGiants

The safety and security of FXGiants are pivotal aspects that distinguish it in the competitive forex and CFD trading industry. Dumb Little Man did a lot of study for this review, which shows how committed the broker is to client safety.

For its London branch, FXGiants is controlled by the Financial Conduct Authority (FCA). The FCA is the main financial regulator in the UK. It is very important to have rules like these so that investors can trust a licensed broker in an area where scams are common.

The strict rule makes sure that client funds are kept safe in tier-1 separated bank accounts. This gives their money even more protection. Up to $107,000 of these funds are also protected by the Financial Services Compensation Scheme (FSCS). This shows how serious the broker is about keeping client money safe.

FXGiants also has to make sure that none of its clients end up with negative amounts. People who buy something won’t lose more than the money they put in. Even though FXGiants doesn’t use two-factor authentication (2FA) for its client portal or mobile app right now, it’s worth mentioning that the MT4 trading platforms it uses does allow 2FA, which makes trading activities safer.

Pros and Cons of FXGiants

Pros

• Diverse account types
• Competitive trading conditions with over 300 instruments
• Regulated by the FCA
• Flexible leverage options up to 1:1000
• Multiple deposit and withdrawal methods
• Multilingual customer support available 24/5
• Attractive affiliate program

Cons

• Withdrawal issues and delays
• Customer service inconsistency
• High trading fees and commissions
• No two-factor authentication
• Geographic restrictions on payment methods
• Limited instant support options

Sign-Up Bonus of FXGiants

FXGiants’ Sign-Up Bonus is meant to welcome new customers and give them a good reason to start dealing. The broker offers several bonuses upon verification.

Traders can get an extra $10 in credit just for confirming their email address. This is a simple incentive that gets people to use the platform’s features. In the same way, traders who complete their mobile verification can get a $15 bonus, which makes it even easier to start investing.

Additionally, FXGiants offers a Booster Bonus program that gives traders the chance to greatly increase their trading capacity. When traders make payments, this bonus can grow up to $4000, which greatly increases their ability to make money. These bonuses not only show that FXGiants wants to get a lot of customers, but they also show that it wants to provide valuable services that make trade better.

Minimum Deposit of FXGiants

The Minimum Deposit required to start trading with FXGiants is $100. This entry threshold is designed to make the platform accessible to many investors, from beginners to more experienced traders. Setting a relatively low minimum deposit is part of FXGiants’ strategy to lower the barriers to entry in the forex and CFD markets, thereby encouraging participation from individuals across the financial spectrum.

FXGiants Account Types

Our experts at Dumb Little Man did a lot of testing and study on the FXGiants Account Types and found a wide range of options that can meet the needs of different investors. No matter how much you know about trading or how new you are to it, FXGiants has accounts that are right for you and your financial goals. Here is a neat list of the different types of accounts you can get:

Live Accounts

• Live Floating Spread:
  • Variable Spreads from 1.0 pips
  • No Commission
  • Leverage up to 1:1000
  • Trade from 0.01 Lots
  • Bonuses Available*
• Live Fixed Spread:
  • Fixed Spreads from 1.3 pips
  • No Commission
  • Leverage up to 1:1000
  • Trade from 0.01 Lots
  • Bonuses Available*
• Live Zero Fixed Spread:
  • Fixed Spreads from 0.0 pips
  • $9 per lot per side
  • Leverage up to 1:500
  • Trade from 0.01 Lots

STP/ECN Accounts

• STP/ECN No Commission:
  • Variable Spreads from 1.7 pips
  • No Commission
  • Leverage up to 1:200
  • Trade from 0.01 Lots
• STP/ECN Zero Spread:
  • Variable Spreads from 0.0 pips
  • $3.75 per lot per side
  • Leverage up to 1:200
  • Trade from 0.01 Lots
• STP/ECN Absolute Zero:
  • Variable Spreads from 0.2 pips
  • No Commission
  • Leverage up to 1:200
  • Trade from 0.01 Lots

FXGiants Customer Reviews

FXGiants customer reviews highlight a contrast in user experiences. Traders praise the smooth and fast order execution, a notable benefit for experienced investors. The broker’s commitment to transparency, especially in displaying spreads for different accounts, is also appreciated, setting a standard for clear communication of trading conditions.

Conversely, critiques focus on withdrawal challenges and customer service effectiveness. Reports of declined withdrawals and insufficient support from the customer service team, particularly regarding timely follow-ups, suggest areas for improvement. These issues underline the importance of efficient customer support and reliable withdrawal processes in ensuring a satisfactory trading experience at FXGiants.

FXGiants Fees, Spreads, and Commissions

FXGiants has a variety of leverage rates that are all in line with FCA rules. These rates are made to fit the needs of regular clients with different trading strategies and risk tolerances. Major forex instruments can have up to 1:30 leverage. Other asset classes have lower leverage, with 1:20 leverage on other currency pairs, major indices, and gold, 1:10 leverage on non-major indices and other commodities, and 1:5 leverage on global stock CFDs.

When it comes to fees, spreads, and commissions, FXGiants has reasonable options, especially with its STP/ECN Absolute Zero account. This account offers commission-free dealing with low spreads starting at 0.2 pips or $2.00 per 1.0 standard round lot, making it appealing to traders who want to trade for as little money as possible.

The broker’s other account types, on the other hand, have trade fees that range from $7.90 to $17.40 per lot on average. If you choose commission-based trading, the fees are $7.50 to $9.00 per lot, plus spreads. These fees can add up, especially for traders who do a lot of business, so they need to be taken into account when making trading plans. Also, swap rates have a big impact on trading choices at FXGiants. They favor short-term traders and traders whose strategies work well with rising swap rates.

Deposit and Withdrawal

The deposit and withdrawal methods at FXGiants have been carefully looked over after being tested by a trading professional at Dumb Little Man. There are several ways to pay at FXGiants, such as bank wires, credit/debit cards, Bitcoin, Bit Wallet, China UnionPay, Skrill, and Neteller. However, there may be limits based on where you live. Traders from all over the world can use this wide range of choices, which makes managing funds flexible and easy.

There are several ways to put money into an FXGiants account, which lets traders quickly access over 300 instruments. Visa deposits are processed quickly and can be made in several currencies, including JPY, EUR, USD, GBP, and CHF. This makes it easy to start trading right away. Wire payments, on the other hand, take two to five business days to process and can be made in EUR, USD, GBP, CZK, PLN, JPY, and CHF, among others.

Digital assets like Bitcoin, Bit Wallet, and Union Pay can be processed instantly. Bitwallet transactions can be done in both USD and JPY, and Union Pay transactions can be done in CNY. These quick and easy ways to make trades make the broker more appealing. It’s important to remember that even though these methods make it easy to trade, all dealing comes with risks, such as the chance of losing money.

How to Open an FXGiants Account

Opening an account with FXGiants is a straightforward process designed to welcome traders into the world of forex and CFD trading with ease. Follow these nine simple steps to set up your trading account and start exploring the diverse financial instruments available on the platform.

1. Click “Register Now” on the FXGiants website.
2. Enter any promo code you possess.
3. Provide your details including country, email, and phone number.
4. Create a secure password.
5. Select your preferred trading platform and account type under Trading Account Details.
6. Choose your account base currency, leverage, and any deposit bonus options.
7. Fill in your personal details such as name and birthday.
8. Input your address and specify your tax status regarding US citizenship.
9. Proceed to Open Account to finalize the registration process.

FXGiants Affiliate Program

Part of the FXGiants Affiliate Program is a special program called the Introducing Brokers Program. This program helps partners make more money and gives them an edge in the market. Affiliates who bring new customers to FXGiants can earn a lot of money. This makes the most of the broker’s large market share, which is good for everyone.

It’s a great chance for people who want to work with a trustworthy broker and make the most money by sending good clients their way.

There’s also a fun way to win extra cash prizes every month with the IB Monthly Reward Plan. You could win up to $1,000 in gifts. The course is divided into four levels: Silver, Gold, Platinum, and Diamond. With each level, the rewards get better based on the minimum deal volume, the number of new clients you bring in, and the amount of money you deposit.

Affiliates need to go to the Marketing Hub and get a special link that they can use to get new users. There is a structured way to reward affiliates for getting more people to join FXGiants’ trading group. This helps the community grow.

FXGiants Customer Support

Customer service at FXGiants seems to put a lot of effort into providing high-quality, multilingual help to make dealing more fun, based on Dumb Little Man’s experience with them. They’re proud of how simple it is for people from all over the world to get help whenever they need it. They have a full support system set up to quickly answer traders’ questions and deal with their worries, which shows how much they care about making their customers happy.

There are several ways for customers to get in touch with FXGiants. If you use their website’s contact method, they’ll get back to you right away, glad to answer your questions. You can email support@fxgiants.com and get a response in 24 hours on work days if you want to talk to someone in person. This shows how determined they are to help you right away.

You can also call the broker at +44(0) 207 523 5394 to get help. They have a multilingual support team that is open 24 hours a day, seven days a week to help all of their international customers. This multi-channel support system shows that FXGiants is serious about giving buyers the best experience possible by having helpful customer service that is easy to get in touch with.

Advantages and Disadvantages of FXGiants Customer Support

FXGiants vs Other Brokers

#1 FXGiants vs AvaTrade

FXGiants offers competitive trading conditions and a wide range of instruments but lacks the regulatory backing of the FCA, unlike AvaTrade. AvaTrade boasts a broad array of tradable instruments, dedicated educational resources, and innovative trading protections like AvaProtect, along with global regulatory compliance.

Verdict: AvaTrade may be better for traders looking for a more regulated environment and those valuing educational and trading protection tools.

#2 FXGiants vs RoboForex

While FXGiants provides a solid trading platform with multilingual support, RoboForex stands out with its extensive range of trading software options, including MT4, MT5, cTrader, and R Stock Trader, catering to a variety of trading preferences. RoboForex’s tailored conditions for different trading styles and sizes also make it a versatile choice.

Verdict: RoboForex is likely the better option for traders seeking technological flexibility and tailored trading conditions.

#3 FXGiants vs FXChoice

FXGiants and FXChoice both cater to a global audience with a diverse range of trading instruments. However, FXChoice distinguishes itself with the availability of trading in emerging market currencies and commodities CFDs, offering traders opportunities in energy markets and precious metals.

Verdict: FXChoice might be more appealing for traders interested in emerging markets and commodity trading, offering a unique set of trading opportunities not as emphasized by FXGiants.

Choose Asia Forex Mentor for Your Forex Trading Success

Trading pros at Dumb Little Man strongly suggest that you choose Asia Forex Mentor as your forex trading school. The well-known Ezekiel Chew led this platform to become the best for forex, stock, and cryptocurrency trading classes. Chew isn’t just good at theory; he regularly makes seven-figure trades, which makes him a leading figure in trading education.

Full Course: Asia Forex Mentor has a full course on how to invest in forex, stocks, and cryptocurrencies. The lesson plans are meant to equip students with the knowledge and skills they need to do well in these markets.

Proven Track Record: There is a track record of success for this platform because it has helped traders make regular earnings. This shows how good its teaching methods and mentorship are.

Expert Mentor: Students learn how to trade from Ezekiel Chew, who is a skilled trader who has done well in the past. His one-on-one help is great for getting a feel for how hard the market is.

Supportive group: When you sign up, you can join a group of players who all want to do well in the forex, stock, and crypto markets. We can learn more from each other this way.

Discipline and Psychology: The program stresses how important it is to have a disciplined mind and offers psychological training to help traders make smart choices and control their emotions.

Constant Updates and Resources: Because the financial markets are always changing, Asia Forex Mentor makes sure that students know about the newest trading strategies and trends by giving them ongoing access to important trading resources.

Success Stories: Asia Forex Mentor has helped many students become financially independent through their education, as shown by the many success stories.

To sum up, Asia Forex Mentor is the best choice for anyone who wants to be successful in dealing forex, stocks, or cryptocurrencies. Its all-around method, which includes a mentor with a lot of experience, a helpful community, and a focus on psychology and discipline, gives traders the tools they need to be successful at work and make more money.

Conclusion: FXGiants Review

According to Dumb Little Man’s team of trading experts, FXGiants is known for having a lot of different account types and easy access to many different financial instruments, which makes it good for traders with a lot of different trading styles and tastes. The fact that the broker offers more than 300 trading products in forex, stocks, and cryptocurrencies shows how strong its platform is and how well it can meet the needs of its clients around the world.

But people who want to use FXGiants should carefully think about the fact that some accounts have higher trading fees, which could affect how profitable trading is overall, especially for people who trade a lot. Another big problem with digital financial transactions is that there isn’t two-factor registration for account security. Taking all of these things into account, FXGiants has a lot to offer traders who want a variety of trading choices. However, it’s important to weigh these pros against the possible cons related to costs and safety.

>> Also Read: Fxview Review 2024 with Rankings by Dumb Little Man

FXGiants Review FAQs

What types of trading accounts do FXGiants offer?

FXGiants offers different types of trading accounts to meet the wants of all of its customers. There is the Live Floating Spread Account, the Live Fixed Spread Account, the Live Zero Fixed Spread Account, and the STP/ECN Account. Each of these accounts has its own trading conditions so that traders can use them in a way that fits their own trading strategies and interests. This gives traders of all levels the freedom to choose an account that fits their trading style and financial goals.

Is FXGiants a reliable platform for international online trading?

Yes, FXGiants, an international online trading broker is known as a trustworthy foreign online broker that lets you trade a lot of different financial instruments, such as forex, stocks, and cryptocurrencies. Being regulated by the Financial Conduct Authority (FCA) in the UK, it offers a safe place to trade with clear terms, making it a reliable choice for traders all over the world. Because it works in many countries and follows all the rules, traders can feel safe using it in many places.

What are the benefits of the Live Floating Spread Account at FXGiants?

FXGiants’ Live Floating Spread Account lets buyers choose from spreads starting as low as 1 pip, and there are no trade fees. This type of account lets you trade with as little as 0.01 lots and gives you leverage of up to 1:1000. It’s a good choice for traders who want flexible and low-cost trading conditions. People who trade with this account can also use the perks that are available, which increases their trading potential and chances of making money.