FXGiants Scam Test

FXGiants Scam Test

FXGiants Scam Test

After more than three years on the market (they were established in 2015), we think it’s pretty safe to say that FXGiants is now an established forex and CFD broker. This is by no means a small amount of time, but compared to many other companies, they are still very much a newbie. If you haven’t heard of them yet, you may wonder whether or not they can be trusted and what kind of security system they have. That’s what this FXGiants Scam Test will try to answer. As always, this is all first-hand information we got after testing the broker ourselves, so you can be sure that everything you read here is fresh and relevant. Let’s see what you can expect here, shall we?

Licensed and regulated

OK, you know that trading with an unlicensed broker is extremely risky, right? Well, FXGiants is regulated. More precisely, the company behind it, 8Safe UK Ltd., has a license from the FCA (license number 585561), which is well known in the trading world for its strictness. Because of that, however, the broker cannot offer services to traders from certain countries which include the likes of United States, North Korea, Iran, Cuba, Syria and Sudan. Apart from that, you also have an extensive list of legal documents which can all be downloaded, so you can easily find out everything you want to know about the legal aspect of trading here. No FXGiants scam when it comes to the papers, but what about the way they treat your money here?

No FXGiants Scam when it comes to money

Before we get to the issue of money security, just to remind you that we also have an FXGiants Review 2018 as well, so you can learn there all about the payment methods and the numbers required. As you probably already know, we talk only about security in these articles. Indeed, the measures taken here to protect your funds are extremely tight and professional. Not only does this broker do business only with top financial institutions which will keep your money in segregated accounts, but the company is also a part of the Financial Services Compensation Scheme. You are therefore covered up to one million GBP, which is actually a big increase compared to the broker’s previous policy where they only covered amounts up to 50,000 GBP. And yes, this actually works, so we can honestly say that you are very well protected from any kind of FXGiants scam every second of the day.

FXGiants Home Page

FXGiants Home Page

Conclusion

And that’s pretty much it for this article. FXGiants is a licensed forex broker and a company that does everything to protect your money at all times, plus they have excellent support and other goodies designed to help you out, but more on that in the actual review of the website. In this case, we are happy to say that we saw no sign of any FXGiants scam and that you can feel free to open an account with them whenever you want. They are an absolutely reliable trading partner.

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

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