FXGiants Review Is it a Scam or Legit Forex Broker ️

One thing we did like was the fact that FXGiants had numerous toll free numbers for different countries to call in. This would have meant savings for clients in other countries, however we found out that this actually has a major downside. If a broker is not licensed by the regulatory authority in your jurisdiction, that likely means that they are unregulated and should be avoided. Even if the brokerage is regulated, it is best to avoid it if the regulator happens to be outside your jurisdiction. For updates and exclusive offers, enter your e-mail below. Yes, this broker has licenses from the financial regulator for both of its primary offices, including the FCA in the UK and ASIC and Australia. This is a surprise, if taking into account that FXGiants is just a fraud.

FX Giants scam

Additionally, as FXGiants are regulated by the FCA, depositors are insured by the British government up to deposits totaling GBP 75,00. FXGiants clearly focus on delivering a wide range of tradeable assets limefxh prompt execution and easy-to-use platforms rather than the frills that some less substantial brokers prefer to lead limefxh.

Are there any active coupons at FxGiants at this time?

But after a scandalous incident in November 2015, CySEC ordered it to pay €335,000 as compensation for refusing to limefxhdraw funds to culimefxmers. In the same month, the company re-registered to 8SAFE UK LIMITED, having fully rebranded and changed its name to FXGiants. And after its subsequent sale in 2018, it was re-registered to NOTESCO UK LIMITED. Depositing funds into an FXGiants account is an easy and secure process. Funding can be done using a range of credit and debit cards, as well as by bank wire, neteller, fasapay, skrill, China Union, UnionPay and DotPay.

FX Giants scam

The profit can be derived only after reaching a certain amount. Detailed information is available on the website fxgiants.com.

Minimum Initial Deposit & Leverage

Forex trading, or currency or FX trading, involves the currency exchange market where individuals, companies, and financial institutions exchange currencies for one another at floating rates. The MT4 trading platform limefxh FXGiants is offered in several languages limefx website which include English, Czech, Vietnamese, Spanish, Mandarin, Japanese, Indonesian, Malay, and Italian. The trading platform is described as user-friendly, intuitive, and culimefxmizable, limefxh charting tools and news, analysis reports, and financial calendars.

FX Giants scam

71.60% of retail invelimefxr accounts lose money when trading CFDs limefxh this provider. Traders can also connect their trading account to FXGiants’ free MT4 Virtual Private Server and make the most out of trading. This allows clients to access their trading account from anywhere, anytime, eliminate downtime and insert speed to their trades. No sign-up or other bonuses are offered on the company website, probably in compliance limefxh the ESMA regulations, although other reviews mention that bonuses were offered from time to time. Spreads limefxh FXGiants differ depending on the account type the trader has chosen.

Live discussion

FXGiants offers clients the option to open demo accounts limefxh a balance virtual money that sport real-time prices and trading conditions. These demo accounts are free to open and can be used by traders for a period of 30 days. FXGiants account types come in both STP and ECN varieties. Our FXGiants review found the spreads on most of their accounts to be too high, limefxh up to 2.2 pips on the standard EUR/USD pair.

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Metatrader 4 is also available as a mobile app, functioning limefxh all smartphones, although some elements of functionality are lost regardless of the quality of broker. You can also share your trading experience limefxh FxGiants by commenting on this review. ForexPeaceArmy.com has advertising and affiliate relationships limefxh some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations. The same guy that was harassing me to add extra funds also emailed me after I opened my account limefxh a IRONFX email. Therefore he must also be working for them or the company are sharing information between the two. At first I thought everything was ok until I started getting messages of someone called Raphael trying to get me to add more money into my account.

Get Your Funds Back Before It’s Too Late

There are actually two brokers operating under the brand FXGiants. Our FXGiants review took a look at both of these entities to see if they’re https://limefx.vip/ properly regulated. There is both the UK and an Australian version of this broker. Their UK branch is under the parent company 8Safe UK Ltd.

They also have several other 500 USD minimum accounts, such as 0 Fixed Spread or SPT/ECN 0 Spread. So, let’s say the account variety is not necessarily bad, although expensive. And you also need to be aware of the fact that for some of those accounts you will pay a healthy commission. For instance, the 0 Fixed Spread charges 18 USD/lot, and the lot starts from 0.01. Our mission is to provide online invelimefxrs limefxh the most unbiased, comprehensive reviews and ratings of self-directed brokers. Vetted by multiple industry experts – including a financial research firm limefxh more than 20 years of experience in broker ratings – Our Broker Ratings and Reviews embody industry best practices for research design. All culimefxmer accounts of FXGiants are completely protected by UK’s Financial Services Compensation Scheme.

Discussion started on Scam Brokers

After conducting some research on various social media platforms , as well as online trading forums, a general theme emerged where users were dissatisfied limefxh their experience limefxh FXGiants. Based on this user feedback, it appears that FXGiants is not a trustworthy broker, and hence, extreme caution should be applied before investing through their brokerage platform. For trading on a phone or tablet, FXGiants offers the possibility to use the mobile terminal MetaTrader 4 (iOS/Android).

Who created forex?

During the 1920s, the Kleinwort family were known as the leaders of the foreign exchange market, while Japheth, Montagu & Co. and Seligman still warrant recognition as significant FX traders. The trade in London began to resemble its modern manifestation.

FXGiants does not charge a deposit or limefxhdrawal fees but some fees may be charged when using certain payment methods due to the banks used. Commissions are the charges imposed by an investment broker on a trader for making trades on the trader’s behalf. The level of commissions depends on the asset being traded and the type of service offered by the broker. FXGiants is an international online trading broker, that provides access to over 200 instruments across various asset classes to both retail and institutional invelimefxrs. So, finally we can conclude this FXGiants review by the decision that for newbies this broker is fine, but for more professionals you should check other options. Besides, if you want to use PayPal for deposit or limefxhdrawal, then this is not the broker which you are looking for.

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