FXGiants Review 2018

FXGiants Review

FXGiants Review

Another analysis of forex and CFD brokers is coming up! This time, we will be dealing with a company which has enough experience for us to consider them a serious broker, but at the same time they can still be seen as a relatively new addition to the industry. That’s because this website was launched back in 2015. However, over these three years, the people in charge of things here have shown that they know the market very well and that they know what traders want and how to provide it to them. In the rest of this FXGiants review, our team will show you what the company has come up with in order to make sure you have the best possible trading experience. There are some really interesting things to consider, so we’d better get started. Read on!

Which FXGiants account type do you need?

The first thing you need to do if you want to trade here, obviously, is to open your FXGiants account. Now, this is a pretty straightforward and simple process because you only need to complete three short forms before you’re eligible to trade. So, the account creation process gets a high grade.
However, what is perhaps even more impressive is the selection of available FXGiants account types. There are quite a few of them, and we’d say that they have covered pretty much all types of traders you can find out there, from complete beginners to seasoned veterans. To be more precise, there are seven account types to choose from, starting with the Micro account and 0 fixed spread account to several variations of the STP/ECN account. On top of that, you also have the Premium FXGiants account if you’re willing to invest more to get access to some additional features.
It should be noted that all of these account types have some significant differences between them in order to accommodate various types of traders. Spreads they offer can vary greatly, accepted base currencies are also different, and even the minimum deposit can have a big influence on your decision. You can make your choice easier by creating your second account and then transferring money between them whenever you desire. Everything can be easily done from your profile interface once you log in, so you have nothing to worry about. But if you don’t want to make that decision right away, why not take a look at how the trading process works for free? We’ll show you how to do that in the next part of this FXGiants review.

FXGiants Account Types

FXGiants Account Types

Test things out with FXGiants demo accounts

Given the way how we ended that last paragraph, more experienced among you could probably guess that our next topic will be FXGiants demo accounts. Yes, there are actually two of them you can choose – the standard version and the Absolute Zero STP/ECN version. This is quite commendable, as most brokers will only offer you one type of demo account. On this website, you can easily check both and get a pretty good idea of the differences between various account types.
Unlike the live accounts, FXGiants demo accounts have only one step in the account creation process. All you essentially need to input is your name, e-mail and phone and that’s pretty much it. After that, you will receive your password and username via e-mail along with a link to download the necessary software (we will talk more about that too later). So, no deposits need to be made and no piece of sensitive information needs to be disclosed. Nice and simple.
Once you start your FXGiants demo account up, you will see that it is a very accurate representation of real trading conditions and of the options you have when live trading. All the most important features the trading platform here has to offer are merely a click away, and you can really practice a lot before you switch to real investing. Speaking of real investing, we’ll talk more about the platform next, so don’t go away.

FXGiants Demo Account

FXGiants Demo Account

MetaTrader 4 – the FXGiants trading platform

When it comes to the FXGiants trading platform, the broker took no chances and made what is probably the safest bet in the world – they went with MetaTrader 4. That is, of course, not a bad thing, quite the contrary: this is one of the most reliable and probably the most popular piece trading software in the world.
However, don’t think for a second that there is a lack of trading options here. As a matter of fact, there are several FXGiants trading platform variations you can use. More specifically, there are two versions of MT4 software (standard and advanced) both of which give you access to trading signals, a stream of trading news detailed charting possibilities and activity reports. The difference between the two types is that the advanced version has more expert advisors to help you. In addition, you don’t have to worry if you’re a Mac user either because there is a FXGiants trading platform for you, as well. You will get exactly the same features we mentioned just a few sentences ago, so you will be able to enjoy trading here equally well as your PC counterparts. We should also say that there is a detailed guide for every version of the software you download, which really helps out a lot if you’re having trouble setting things up.
If you’re a more experienced trader, you already know this, but we’ll reiterate it for newcomers: MetaTrader 4 has to be downloaded to your computer. Naturally, you can do that from the broker’s website, just go to the Platforms page and make your choice. But this is not all when it comes to FXGiants trading platforms. Let’s take a closer look at what exactly you get with them. Just head on to the paragraph below.

FXGiants MetaTrader 4

FXGiants MetaTrader 4

Trading conditions

Every trading environment has its specificities and things that shape your experience. Some offer more instruments, some have bigger leverage, others have tighter spreads. How does this company fare in that respect?
Quite well actually. With more than 200 different assets, there is something for everyone here. You have forex pairs, futures, stocks, metals, stock indices and commodities and even a few cryptocurrencies for good measure. As far as forex pairs are concerned, FXGiants spreads are pretty tight. However, do keep in mind that they will depend on which type of account you have. For example, FXGiants spreads for the EUR/GBP pair are set to 1.1 for Micro accounts but drop to 0.9 for Premium packages. The drop is even more drastic for the EUR/USD pair which is also at 1.1 for Micro, but 0.7 for Premium accounts. These, of course, are the numbers for floating accounts – if you go for fixed accounts you will get something else, but all values can easily be checked if you go to the account spread comparison page.
And finally, FXGiants leverage. While most accounts have it set to 1:30, we were offered by the support team the opportunity to increase it to 1:1000. That’s a huge number compared to the rest of the industry, so we sincerely recommend you talk to the support crew if you want to make the most of this and they will make it happen for you. This, of course, also applies to the mobile version of the platform here, which we will be examining in the next part of our FXGiants review. Stick around!

FXGiants Spreads

FXGiants Spreads

Is FXGiants app worth it?

Yes, in this day and age, time is probably more precious than ever. We’re always in a hurry, so we have little time to sit in front of our computers and analyse the markets in order to make an investment. That’s why every serious broker needs to be able to offer you a way to trade via your mobile device.
Much like the trading platforms, FXGiants apps rely on MetaTrader 4 completely. You have your iOS and Android versions, both completely free, which can be downloaded from the App Store or Google Play, respectively (the links can be found on the same Platforms page we mentioned earlier). What we have to say about these apps is that they have excellent design and allow you to utilize your mobile devices to the max. Of course, they also offer a wide variety of features, such as online news, access to your trading history, real-time quotes etc. FXGiants apps will also allow you to use all execution types, all order types and all analytical tools that can be found on the desktop version of the software. In short, everything you’d expect from a high-quality product of this kind is present in each of the apps. But there is one more way of trading you can experience on this website, one that increases the amount of options you have by quite a bit. More on that in the next part of our FX Giants review.

FXGiants Mobile App

FXGiants Mobile App

FXGiants PMAM

One thing we didn’t mention when we were discussing the trading software is FXGiants PMAM. Now, this not your average trading platform – this is a Personal Multi Account Manager software which brings certain specific features to the table, and that’s what we’ll discuss in this part of our analysis.
You see, with the help of FXGiants PMAM, as its name suggests, you can control several accounts at the same time and have access to several funds. Thanks to this, if you’re a professional, you can invest and manage funds on behalf of your clients and easily keep track of the investments you make on their behalf. As a matter of fact, the number of accounts you can create is not limited, so the more skilled you are, the more trades you can make. Nothing is stopping you.
But to make your job easier, FXGiants PMAM has several aces up its sleeve. First of all, this is often described as a risk management platform, meaning you will have all the data you need to make the right decision. Furthermore, your orders can be entered with just a click, so you can literally react in a blink of an eye if something changes on the market. Another thing that can help you manage everything are the detailed activity reports you can also access through this excellent software. In short, if you think you’ve got what it takes to become a pro and offer your services to other people, FXGiants PMAM is where you need to start. And how do you start exactly? We’ll explain that just below.

FXGiants PMAM

FXGiants PMAM

How big is FXGiants deposit?

After all these features, you must be wondering how much it will take to start trading on this website. How big is the FXGiants deposit you have to make in order to activate your live account? Here’s what you need to know.
Like we said earlier, the minimum FXGiants deposit varies depending on which account type you’re aiming to open. For example, you will need at least 100 USD to activate your Micro account. Most other accounts will ask 500 dollars from you, and the Premium account has its minimum deposit set to 2,500 USD. So, the Micro account is below average when it comes to minimum deposit requirements, but the others (not including Premium, of course) are slightly above it. However, that’s not really a drastic difference when compared to the rest of the industry and really not something unheard of. The asking deposit is quite adequate when you consider what the broker offers. Another nice perk of trading here is that you can fund your account using several different currencies, namely USD, GBP, EUR, JPY, AUD, CHF, PLN, CZK and HUF. Do keep in mind, however, that not all currencies can be used with all account types, so do check that when making your choice.  
FXGiants deposit methods are also a very interesting topic because there’s quite a few of them. You have your bank transfers, of course, and credit/debit cards (Visa, Maestro and MasterCard), but various online payment methods can be used, as well. These include the likes of Neteller and Skrill, but DotPay, FasaPay and China UnionPay are at your disposal, too. It is important to mention here that you don’t have to worry about any FXGiants deposit fee being charged to you, but you should always check whether the payment service provider will charge you anything. In other words, as far as the broker is concerned, your deposits are completely free. What about getting your money back, though?

FXGiants Deposit Methods

FXGiants Deposit Methods

FXGiants withdrawal specialties

Yeah, well, money transfers are simply something no serious FXGiants review can do without, so we have to take a look at the withdrawal process now which is slightly different than the deposit. Not by much, but the details that do differ are actually crucial.
First and foremost, you don’t need to worry, the money will always reach you, as we show in our FXGiants Scam Test. Second, the profit you make trading here can be withdrawn using ONLY bank wire transfers. If you want to withdraw your initial deposit, however, you can do so by using the method you used to make the deposit in the first place. So, make sure you’re clear on what exactly you’re withdrawing.
As far as the numbers are concerned, there are some FXGiants withdrawal fees that will be charged to you, depending on which method you’re using. Now, the broker will not charge any fees if you’re using bank wire transfers to execute this, but this may not be the case with your bank, as you probably well know. Other FXGiants withdrawal fees range from 2 USD per transaction for the credit cards to 2% with Neteller (although this is capped at 30 USD).
The size of each withdrawal you can make is also very interesting. You see, there is no minimum FXGiants withdrawal requirements for credit cards and e-wallet, which is a major advantage when compared to many other brokers. If you’re going with bank transfers, on the other hand, you will have to withdraw at least 100 USD, but that’s still more than acceptable. What is important to note is that you also have maximum FXGiants withdrawal thresholds. You can take 50,000 USD (360,000 CHY with UnionPay) per transaction, so keep that in mind if you’re going for big numbers with this company.

Incredible FXGiants bonus policy

Apart from a great offer, trading here can bring you more palpable benefits as soon as you register. This is done, of course, via FXGiants bonus policy, and there are some very interesting deals here you should be aware of.
We already mentioned leverage here, but that’s not the only thing separating this company from the rest of the pack. You can also get a Booster Bonus, which is worth 40% (up to 4000 USD) of what you deposit. However, you have to deposit at least 500 USD to be eligible for this boost, and you will not be able to withdraw it. This bonus is meant to boost your trading performance and will be valid for 30 months from the day you receive it.
Many of you will surely be interested to know that there is the possibility of getting an FXGiants no deposit bonus. Now that we have your attention, we will say that this bonus is worth 35 USD and will be yours once you create an account and complete the verification process by SMS. Again, this is not something you can withdraw (obviously, the broker is not simply giving money away), but it is a great way to start trading for real with absolutely zero risk.  
Apart from these two main deals, the FXGiants bonus policy offers more interesting proposals. It would take too much time and space to go through them all here, so we will just list them out briefly. For example, you have the 100% bonus maximizer, a 20% bonus advantage, and even some trades can be covered by the company. Just remember, all of this is not meant to be withdrawn but serves as a boost to your trading capabilities. It’s a way to make sure you can trade more while on this website. And if you need more info about any of this, getting it is very easy. That’s next in our FXGiants review.

FXGiants Features

FXGiants Features

Support

If you ever need help with anything, be it FXGiants bonuses, FXGiants withdrawals, FXGiants deposits, MetaTrader 4 or something completely different than that, you can always turn to the company’s support team. They are actually divided into separate sections each of which deals with one of the aforementioned topics, so your request is then processed much more efficiently. You can contact the team via live chat or via a form on the contact page, the principle stays the same. What we particularly liked, though, is that when you’re using the live chat, an operator from your region (if they have one) will jump in and take over the conversation in order to facilitate better service. So, don’t be surprised if you’re talking to somebody in English in one moment and then to your countryman in your native tongue in the other. That’s a pretty good way of doing things, if you ask us, as it shows great dedication from the broker to making you feel as comfortable as possible.
Apart from this, the company is also active on social networks. You can contact them via Facebook, Instagram, LinkedIn and Twitter, which also represents a pretty reliable means of communication. Just remember that the guys working here are not available during the weekend, but given the quality and speed they’re working with, they really deserve those days off. But the support team is not the only thing that can improve your trading experience here. If you want to learn and expand your knowledge of the market, there are plenty of ways to do so.

FXGiants Contact

FXGiants Contact

Education

You can’t hope for a good outcome of your trades if you don’t have enough information and skills at your disposal. Fortunately, the Research & Academy section on this website can help you with that and much, much more.
The number of educational videos, for example, is extremely impressive. Literally dozens of them are accessible to everyone, without any restrictions. Furthermore, you have several e-books that can help you (there is even one about cryptocurrency trading), so you can learn and broaden your horizon that way, too. A glossary is also there to clarify all trading terms that you may want to know about, and we expect webinars to be added here pretty soon. This is all pretty standard, though, but then things start to get interesting.
Sure, pretty much every decent broker will have a functioning economic calendar for you, but this one does so much more. For example, you can check live currency rates whenever you want, and the list includes cryptocurrencies like Ether, Ripple, Litecoin and Bitcoin. A huge amount of news articles is also there, and these texts cover pretty much the whole world and are published several times a day which is extremely impressive. You can even sort them according to the part of the world that interests you. Macedonia’s industrial output? No problem, they’ve covered it. Moldova’s monetary policy? They analyse that too! Literally every piece of news that has even the slightest significance will be mentioned.
But the most important feature of this part of the website are the FXGiants signals. These can actually be delivered to you by a separate app called PForex which can be easily downloaded from the App Store and Google Play. It will notify you and alert you to everything you need to know about the market, plus you will be able to access loads of educational materials through it. It’s a really great product which we can’t recommend enough, but we’ve been going on for long enough now, so it’s time to wrap things up. Here’s a short overview of our impressions.

FXGiants Education

FXGiants Education

Conclusion

And that’s the end of our FXGiants review. What can we say about the company? Well, in some respects, they play it very safe, and there is absolutely nothing wrong with that in this industry. Quite the contrary. By this we primarily mean the fact that MetaTrader 4 is the only trading platform here, but the broker did go out of its way to provide as many variations as possible. You even get a PMAM account here! Apart from that, the selection of trading instruments is very good, and the software responds perfectly, as expected.
The money transfer methods are numerous enough, the money is treated always with respect and very professionally, although the financial requirements for depositing in some cases could perhaps be a bit lower. Still, everything is more than acceptable, plus you have an excellent support to ready to help you out here at all times, not to mention the incredible bonus deals you can get when you fund your account. There are loads of ways to inform yourself about the company, and you can learn a lot on this website, too. In any case, this is a rock-solid broker with plenty of interesting options both for casual traders and those who want to go pro. They may not have as much experience as some other companies, but you really can’t tell that when you see how they operate. Therefore, if you want a serious partner to help you with your forex and CFD trading, open an account right here!

Recommended reading

Author's overall rating:
Author: Ben Prescott
Updated:

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