FXGiants is an FCA regulated forex and CFD broker with an international reach. Today, they have customers from over 150 countries around the world trading on 200 of the industry’s most lucrative assets.
This broker has won multiple awards for their outstanding product, and in our eyes, they belong to the top tier of European CFD brokers.
It’s apparent that FXGiants has worked hard on creating a clean, simple and very streamlined product that creates an unmatchable trading experience for their clients.
So what is it that makes FXGiants deserving of a recommendation from us? Continue reading to find out.
Is FXGiants a scam?
No, FXGiants is definitely not a scam, and we have evidence to back it up. The first and most obvious reason why we know that FXGiants is not a scam is that their parent company, 8Safe UK Limited, is licensed and regulated by the Financial Conduct Authority (FCA). Any broker with an FCA license is subject to regular audits, they have to follow strict guidelines, and they have to make sure that all of their client’s funds are kept safe at any time. Any violation of the FCA’s rules will get the license suspended which would hurt the broker’s reputation.
Because of this, we know that any broker licensed by the FCA or another legitimate regulatory body is safe to use.
All of the hundreds of thousands of satisfied customers that FXGiants has served over the years is another great indication of how reliable they are. No broker can have as good of a reputation as FXGiants without offering a very good product.
FXGiants Trading Platform
When it comes to trading platforms, FXGiants has kept it simple. Instead of offering a large selection of trading platforms from different developers, FXGiants provides access to the Metatrader 4. Now, the Metatrader 4 can be a bit limited if you’re a hardcore CFD trader, but for the currency pairs and CFDs that FXGiants offers, it is more than enough. In fact, we would argue and claim that the MT4 is one of the best trading platforms in the industry.
As always, the Metatrader 4 has support for all of the most popular devices. You can use it directly in your browser for quick access, or you can download the desktop version to either a PC or a Mac.
Would you rather use FXGiants on a mobile device?
No problem, the Metatrader 4 can be downloaded to Android and iOS directly from the app stores, and the mobile trading experience is amazing.
FXGiants Trading Accounts
As a private trader, you have two options to choose between when signing up for an FXGiants account. You can either open a live trading account, deposit money and start trading right away, or you can open an FXGiants demo account and take the broker for a test drive.
We recommend that you open a demo account if you are a beginner or if you’ve never used the MT4 before. However, we also recommend the demo account to more experienced traders as it can be used to plan strategies parallel to your regular trading.
FXGiants Forex and CFDs
As the name proposes, the main focus of FXGiants is on forex trading (FX), but they also provide access to a couple of CFDs. Below is a complete list of FXGiants’ 200+ available assets.
- Forex – You’ll find all the most popular currencies matched with some less popular and exotic ones, all perfectly suited for successful trading.
- Metals – Gold and silver are available for spot trading on the platform, and they offer a great alternative to the forex product above.
- Spot Indices and Commodities – FXGiants also offers trading on several well-known equity indices as well as a range of commodities.
- Futures Futures is a great way to trade commodities and other assets, and we love what FXGiants has done to their futures service.
- Shares – You can also trade stocks from the American and European markets with your FXGiants account.
- Cryptocurrencies – The latest and perhaps the most exciting addition to FXGiants’ selection is cryptocurrencies. Bitcoin, Ethereum, Litecoin, and XRP are available.
Is FXGiants regulated?
Yes, FXGiants is regulated through the broker’s parent company 8Safe UK Limited. 8Safe has been authorized and licensed by the British FCA, and you can rest assure that all of your information and funds are kept safe at all times.
Deposits and Withdrawals
There are about a dozen different payment methods that you can use to fund your account. For example, debit and credit cards, wire transfer, and online payment services such as Skrill, Neteller, and Chinese UnionPay.
FXGiants Customer Service
Contacting FXGiants is very easy and super smooth. Compared to many other brokers, FXGiants makes it very clear how to contact them from minute one. On every page, you can find the broker’s email ([email protected]) and phone number (+44(0) 207 523 5394) in the top left corner, and you have a live chat readily available in the bottom right corner.
Summary of FXGiants
All in all, FXGiants is a great but often overlooked CFD and forex broker that provides all the services and products you would expect. In addition to the Metatrader 4 and 200 assets to trade with, FXGiants also has cutting-edge charting tools, analytic programs, and a pretty decent educational service.
We really like this broker and recommend it to all of our readers who are looking for a simple, yet professional broker to trade forex and the occasional CFD on.