FxGiants Forex Broker

What Is FXGiants?

FXGiants is a CFD and forex broker, founded in 2015, offering six types of trading accounts and more than 300 financial instruments to trade on, including: forex, metals, indices, cryptocurrency, futures, and shares. The broker offers access to the industry standard MT4 trading platform across multiple mobile and desktop devices. Suitable for both experienced and beginner traders, FxGiants has a good range of payment methods available, in terms of depositing and withdrawing account funds. Client funds are execution quickly, meaning traders can top up their account with ease and enter the world markets swiftly. Moreover, there is also a well-regarded customer support team in place at this forex broker, offering an efficient service 24 hours per day, 7 days a week in multiple international languages.

What Can I Trade on FXGiants?

FXGiants offers users the ability to trade on more than 300 financial instruments from a total of six asset classes. These include:

Forex

Metals

Indices

Commodities

Futures

As well as being able to enter the forex market, traders can trade a number of different cryptocurrencies, including bitcoin and other altcoins. Compared with other brokers, FXGiants has a good choice of assets to trade on and offers access to the world’s most popular instruments. The broker provides users with the ability to trade on the MT4 trading platform, suitable to traders of all experience levels and budgets.

IG also specialises in Option trading. Options are derivatives which give you the right to buy or sell an asset at a certain price on a certain date. The most common type of option is the Vanilla option. Options are traded on forex pairs, indices, shares and commodities. Opening an account at IG is free.

FXGiants Pricing

As with any broker that provides state-of-the art trading platforms, apps and client support, there are inevitably going to be some fees involved. In terms of withdrawal fees, the amounts vary, depending on the payment method used. FXGiants does not charge users for depositing funds into their trading account, but there may be a small processing fee from the card issuer or bank chosen. The broker does apply charges to accounts that have been inactive for a certain period of time. Depending on the account chosen, a client may only be charged an inactivity fee under certain circumstances. Further to this, FXGiants also charges a commission on CFD instruments, which comes in the form of a service fee for facilitating the buying and selling of financial assets on a trading account.

IG has a policy of restoring negative balances to zero, so risk management is a consideration for this company.

Education and Research

Currently, this broker does not offer clients access to any form of trader research or market analysis on their website. However, there is the option for some trading tools and educational material to be accessed via a third party application, available on both iOS and Android. Technical analysis is available on the PFOREX mobile trading app, featuring an impressive range of live signals and other forms of live market analysis.

Pros

*Commission-free trading options

*Flexible leverage up to 1:1000

*ECN trading accounts available

Cons

*No in-house education resources

*No MT5 platform

*No US clients