Giraffe Markets Forex Review

Read our full Giraffe Markets review to get exact details about their safety, accounts, spreads, platforms, assets, support, and many more. Our unbiased Giraffe Markets opinion allows our readers to decide whether Giraffe Markets is a reliable broker.

Giraffe Markets Forex Broker History

Giraffe Markets is a Forex and CFD broker that was launched in 2023, making it a newcomer in the brokerage sector. It is based in Saint Lucia, which is an offshore jurisdiction. Offshore countries are not strict when it comes to FX brokers, which is something to bear in mind.

The broker offers several account types, high leverage, and advanced platform access. However, it is not regulated and lacks some crucial policies and details about important aspects of trading, such as withdrawal processing times.

Giraffe Markets broker safety

Safety is the number one priority for any trader, and it starts with regulations. Unfortunately, Giraffe Markets is not overseen by any authority, which is a major red flag about this broker. Not being regulated means traders are not protected by the highest standards, and if something goes wrong or the broker becomes unethical, there is no one to turn to.

While Giraffe Markets claims that it has the highest client protection standards, we can not confirm that it keeps trader funds in separate accounts using segregated accounts, as it is an unregulated broker.

Giraffe Markets lacks negative balance protection, meaning traders can go below zero if they abuse high leverage trading, which is a serious downside as well.

Giraffe Markets Broker Review of Accounts

Trading account types at Giraffe Markets are numerous and include standard, pro, and elite types. Each of the accounts offers slightly different conditions, and minimum deposit requirements are also different. Higher-end accounts require more capital but have better conditions.

Let’s list the main conditions for these account types and compare them to the competition.

The Giraffe Markets Standard Account has the following characteristics:

• Minimum deposit – $100
• Maximum leverage – 1:500
• Spreads – From 1.5 pips
• Commissions – $0
• Minimum lot size – 0.01 lots

Giraffe Markets Pro Account conditions differ with spreads and deposit requirements:

• Minimum deposit – $1,000
• Maximum leverage – 1:400
• Spreads – From 1.2 pips
• Commissions – $0
• Minimum lot size – 0.01 lots

Giraffe Markets Elite Account specs are the most competitive, but minimum deposit requirements are also higher than the rest:

• Minimum deposit – $2,500
• Maximum leverage – 1:300
• Spreads – 0.0 pips
• Commissions – $5 per lot per side
• Minimum lot size – 0.01 lots

The broker is expensive on standard and pro accounts, and only elite offers zero spreads, but traders need at least $2,500, which makes this broker not competitive in the scene.

Giraffe Markets instruments

Giraffe Markets allows its traders to access various markets, like Forex pairs, commodities, indices, stocks, and cryptos. The availability of stocks and cryptos is competitive and enables multi-asset traders to speculate on several markets at once. Most of these instruments are CFDs, which are both risky and flexible depending on the trader’s experience. The leverage is more than enough to control sizable positions, but the broker does not offer negative balance protection, and traders should be very careful.

Giraffe Markets Reviews of Trading Platforms

Similar to instruments, Giraffe Markets offers more than a satisfactory experience when it comes to trading platforms, as traders can access one of the best in the market, MetaTrader 5. Giraffe Markets MT5 enables traders to use advanced EAs and custom indicators, and the broker does not prohibit trading robots, which is flexible. Mobile trading is available via the MT5 mobile app, which is accessible on both iOS and Android devices.

Giraffe Markets Forex Review of Extra Features

Extra features of Giraffe Markets include PAMM accounts for investors, copy trading, an economic calendar, and Forex news insights. There are no bonuses or promotions offered at the moment, which is a minor drawback for this broker. With these tools, traders can either analyze and trade markets themselves or outsource financial trading decisions to other traders using PAMM and copy trading, which is also flexible.

Giraffe Markets Reviews of Customer Support

Customer support at Giraffe Markets is provided using email, live chat, and phone support options, which are flexible. The live chat is directly built into the website and is the fastest and most cost-effective way to contact the broker to resolve issues quickly. When it comes to multilingual capabilities, the website and support are only available in the English language, which is a downside.

Giraffe Markets Deposit and Withdrawal

When it comes to deposits and withdrawals, Giraffe Markets has several options, including wire transfers, bank cards, and e-wallets. Both Visa and MasterCard are supported. There are very few details disclosed about exact payment options apart from the mentioned ones, which is both suspicious and disadvantageous. Deposits are instant, but we do not know exact processing times, which is yet another red flag here.

Giraffe Markets Review Conclusion – Can you trust Giraffe Markets?

In the end, Giraffe Markets is a new, unregulated Forex and CFD broker based offshore in Saint Lucia. While it offers access to the MT5 platform, flexible trading tools, and multiple account types, it is unregulated, does not offer negative balance protection, and has unclear withdrawal policies. Traders should exercise caution when dealing with such brokers, as most of them are scams.

FAQs on Giraffe Markets

Is Giraffe Markets a scam?

Giraffe Markets scam could become a real possibility as the broker is not regulated by any authority and does not offer crucial safety policies.

What is the Giraffe Markets minimum deposit?

The smallest minimum deposit at Giraffe Markets starts from 100 dollars on its standard account type. Other accounts have significantly high minimum deposit requirements.

Is Giraffe Markets a cheap broker?

Not really. Only the elite account has zero spreads but requires a very high minimum deposit. Other account types have very high spreads, which makes the broker expensive.