FXGiants Review

Binary Option Programs Award
Min. Deposit
Min. Investment
0.01 lot

Founded in 2015, FXGiants is international FCA regulated online broker, offering trading in Forex and CFDs to retail and professional traders all over the globe, including South Africa. Clients have access to 200 products on the award winning MetaTrader4 platforms for low cost trading on desktop and mobile devices.  Tradeable instruments span a broad range of asset classes, including cryptocurrencies, traditional currency pairs, precious metals, shares, indices, commodities and futures. At FXGiants, trading accounts give access to the trading platforms from $100, with leverage up to 1:200 and fixed or floating spreads.

FXGiants Demo Account

Customers opening new trading accounts with FXGiants, are usually offered a voluntary 20% bonus advantage or a 100% bonus maximiser matching the initial deposit. From what we saw in the bonus terms and conditions, the incentives do not exceed $2,000 and have conditions attached that should be read carefully before accepting. Trading competitions for all customers registered with FXGiants, typically run monthly on the trading platform with prizes as high as $5,000 awarded to the winners.

FXGiants is offering it’s customers a choice to trade in Bitcoin, Ripple, Litecoin and Ethereum CFDs. The cryptocurrencies are paired with the USD, JPY or EUR, providing diverse trading opportunities. We were pleased to see that spreads are tight, whilst commissions and margin requirements remain low.Trading in crypto CFDs has several advantages over owning the physical cryptocurrencies. Traders can make profits from market volatility, irrespective of whether prices go up or down. Moreover, they can close their trading positions instantly without any delays arising from illiquid crypto markets and they don’t need to worry about online fraud that could lead to the disappearance of their crypto assets.

Seven types of live trading accounts are offered by FXGiants, tailor made to match the investing goals and personal requirements of global traders. Unrestricted trading at FXGiants is facilitated by a deep liquidity pool through direct access to prices from tier-1 banks.

We were pleased to see that two Demo account variants are available from FXGiants with virtual funds included. After downloading the MT4 trading platform to desktop or Mac, Customers can opt for a STP/ECN absolute zero Demo account or a Standard Demo account with live variable spreads. Both account types are risk-free practice accounts, that don’t require real money deposits to FXGiants. The only information that customers need to provide is their name, phone number, country and an email address. We recommend the use of demo accounts as they provide a risk-free environment for experimenting with trading strategies, and becoming familiar with trading tools and features on the trading platform.

FXGiants Micro Account

  • Minimum initial deposit $100
  • USD, GBP, EUR, JPY, AUD, PLN, HUF, CZK base currencies
  • Dedicated account manager
  • 24/5 support
  • Minimum lot size 0.01 with increments of 0.01
  • Access to dealing desk transaction hotline
  • Fixed spreads from 2.2 pips on EUR/USD
  • Floating spreads from 1.1 pips on EUR/USD


FXGiants Premium Account

  • Initial minimum deposit $2,500
  • Dedicated account manager 24/5
  • Account base currencies USD, GBP, EUR, JPY, AUD, PLN, HUF, CZK
  • Fixed spreads from 1.2 pips on EUR/USD
  • Floating spreads from 0.7 pips on EUR/USD
  • Minimum lot size of 0.01 with 0.01 increments
  • Dealing desk transaction hotline access
  • Dedicated account manager 24/5


Fixed Spread Account

  • Minimum initial deposit $500
  • Commissions from $18 per traded lot
  • Access to dedicated account manager 24/5
  • Access to dealing room hotline
  • Account base currencies USD, EUR or JPY
  • Zero fixed spreads
  • Minimum lot size of 0.01 with 0.01 increments


STP/ECN No Commission Account

  • Minimum initial deposit $500
  • No commission on traded lots
  • Leverage from 1:1 up to 1:200 determined by initial deposit
  • Base currencies EUR, USD, JPY, CHF, AUD, HUF, PLN and CZK


Absolute Zero STP/ECN Account

  • Minimum initial deposit contact account manager
  • Leverage up to 1:200
  • Spreads from 0 pips
  • No commission on traded lots
  • Account base currency in EUR or USD


STP/ECN 0 Spread Account

  • Minimum initial deposit $500
  • Zero spreads
  • Flexible leverage up to 1:200
  • ECN trading
  • Wide ranging commissions between asset classes
  • Account base currencies in USD, GBP, EUR, AUD, JPY and CZK


Absolute Zero Plus STP/ECN Account

  • ‘Plus’ version of the STP/ECN 0 spread account
  • Available in EUR or USD base currencies
  • Leverage up to 1:200
  • Commission up to $10 IB charged
  • Zero spreads
  • Contact account manager for more info

Tip: Consider IQ Option South Africa instead – the best regulated broker for South African traders with a minimum deposit of only $10!

A choice of six trading platforms is offered to customers at FXGiants from the popular MetaTrader4 suite. The user-friendly MT4 is the favourite with beginners and advanced traders in global Forex and CFD trading. Notably, the platform has built in multi-lingual support and a solid reputation for stability and online security. Customers at FXGiants can use the MT4 for trading in currency pairs, cryptocurrencies, commodities, indices, futures and equities. Automated trading is available with imported Expert Advisors, configured to provide a range of trading strategies. Moreover, traders can use the MQL programming language incorporated into the MT4 trading software, to create their own customised Expert Advisors.

FXGiants MT4 For Desktop and Mac

Customers at FXGiants are required to download the secure MT4 software to desktop and Mac terminals. The MT4 Advanced platform is only available for download to desktop with Windows operating systems. FXGiants does not provide the MT4 WebTrader, for instant access through the browser of any internet connected device. The main features of the MT4 for desktop and Mac are listed below.

  • User-friendly customisable interface
  • Management of orders, positions, equity and exposure
  • Multiple order types
  • Risk management tools
  • Protection through a dynamic security system
  • Access to advanced charting
  • Trading signals available
  • Social trading possibilities
  • Dozens of technical indicators
  • Real time market quotes
  • Financial market activity reports and live streamed news
  • Provides facilities for automated trading with Expert Advisors


FXGiants MT4 Mobile Trading

Traders with Android powered mobile phones and tablets, can stay in touch with international markets, and manage their FXGiants trading accounts with the dedicated MT4 mobile app from FX markets, available free in the Google Play Store. Furthermore, the mobile trading app allows customers to keep track of their personal trading history and place any type of order with any execution method offered on the desktop MT4. Additionally, the mobile app lets customers receive live streamed quotes and charts updated in real time, as well as live financial news from all over the globe

Clients at FXGiants with iOS operated mobile devices, can get the FXGiants MT4 mobile trading app from the Apple app store for free. The app has been designed to be convenient with a user-friendly, intuitive interface. Importantly, customers can choose from all the execution methods and order types available on the MT4 desktop version. A full trading history is also available along with numerous technical indicators, advanced charts, live streamed news and real-time market quotes.

FXGiants Scam

We found the ‘Research and Academy’ resources provided at FXGiants very impressive with live currency quotes, news and an economic calendar. Notably, diverse video tutorials provide easy to understand training across a broad selection of topics spanning trading in Forex and CFDs, social trading with signals, understanding technical indicators and market analysis. Additionally, clients can access E-Books covering Forex, CFDs, Stocks and Cryptocurrencies as well as understand the terms typically utilised in financial markets by referring to the glossary. We did not receive any complaints about the FXGiants scam.

Customer support is provided through a wide variety of convenient channels by FXGiants. A live chat help line is available 24/5 directly from the platform interface, giving clients an instant solution to any problems that may arise. Alternatively, customers can submit a contact request form asking for a free call back from the support team or send an email to customer support or the trading desk. Free telephone support is provided for clients living in the UK, China, Korea, Russia, Spain, Malaysia, Indonesia, Thailand, Portugal, Italy, Hungary and Poland.

Customers can choose from several reliable payment methods at FXGiants These include credit/debit cards, bank wire transfer, Neteller, FasaPay, Skrill, ChinaUnion and DotPay. Customers in South Africa can expect to see some local payment methods included on the payment options list when registering a live account with FXGiants. We were impressed to see that both deposits and withdrawals are carried out easily on the FXGiants portal interface. Moreover, the process is automatic and very easy to implement. FXGiants does not charge fees on deposits made to customer accounts, but it does charge fees on most withdrawal methods.

Customers at FXMarkets can withdraw up to $50,000 (or currency equivalent) with each transaction. Some of the payment methods supported by FXGiants are charged withdrawal fees by the brokerage and should be considered before selecting a payment method. For using Neteller, customers are charged a fee of 2% up to $30. With FasaPay, a 0.5% fee is charged up to $5. Skrill withdrawals pay a 1% fee, not exceeding $10,000. Traders using ChinaUnionPay pay 20 CNY on each transaction. Users of Visa, Maestro or Mastercard are charged up to 2 Euros per transaction. Only bank wire transfers do not pay a withdrawal fee to FXGiants, however, they may be charged a fee by the banks involved.

FXGiants is the trading name of two financial services companies, registered in the UK and Australia. The UK company is 8Safe UK Ltd, headquartered at Broadgate Tower, 20, Primrose Street, London EC2A 2EW. The company is regulated with the FCA number 585561, by the Financial Conduct Authority. The Australian company, GVS (AU) Pty Ltd, is regulated by ASIC with the ASFL number 417482. FCA rules, ensure that clients registered with UK based financial services companies receive up to £50,000 of compensation from the Financial Services Compensation Scheme in the event of insolvency. We saw that FXGiants provides insurance protection up to £1 million for each customer, far exceeding the FSCS limit. Furthermore, FXGiants protects customers by segregating clients’ funds in top-tier banks, and through the negative balance protection feature, built into the trading platforms, meaning that account balances cannot drop to below zero.