There is no doubt that FXGiants simply tries to fool traders with empty promises and unrealistic expectations. In this FXGiants review we would like to explain why this broker is not your 100% profit maker.
FXGiants Company Information
We have made some enquiries about FXGiants company. According to our research, the broker website is owned by 8Safe UK Limited. On a side note, there were a lot of rumors that FXGiants and IronFX broker are somehow connected. This makes us ask the following question: Is FXGiants and IronFX are the same? In fact, IronFX has recently acquired 8Safe UK Ltd, which is the parent company of FXGiants.
As for the regulation, FXGiants is licensed by FCA. This is a surprise, if taking into account that FXGiants is just a fraud.
FXGiants Account Types Review
On the website, you can find several live accounts offered. Let’s list them:
- Micro Account
- 0 Fixed Spread
- STP/ECN No Commission
- STP/ECN 0 Spread
These accounts are supposed to be suitable for beginners, advanced traders and professionals. In reality, each account is just a different way that FXGiants scam employs to make money on new clients. You can clearly see that when comparing real trading accounts. Do not be fooled by the account names like “0 Fixed Spread” or “STP/ECN No Commission”.
You have probably come across many negative FXGiants reviews. Most of them agree on the point that trading conditions are certainly not favorable for traders, regardless of any previous experience. The broker has high investment barriers and the initial deposit of $500 for Micro account proves this.
Another disappointment is the Premium package. Being a VIP user is always prestigious, but with FXGiants do not expect to get something special. Our FXGiants review informs that the only extra feature offered is a dedicated account manager.
FXGiants Scam Trading Platform
The trading software available at FXGiants broker is MetaTrader 4. It is accessible in several versions.
A maximum leverage on MT4 here is up to 1:500 for currency trading. Generally, there are over 200 assets to trade on the platform.
There 3 active promotions available on the FXGiants website. They include $35 Free No Deposit FXGiants bonus, 100% Bonus Maximizer and also 20% Bonus Advantage which is supposed to boost the deposit of any size.
To reach FXGiants client support, you can use a phone, email and a live chat. FXGiants scam also offers FAQ for registered users.
FXGiants Scam Deposits and Withdrawals
There are different payment methods to use for depositing and withdrawing money. In addition, FXGiants fraud charges extra commissions for withdrawals using credit/debit cards, Skrill, Neteller and Union Pay.
Other supported methods are DotPay and PayPal.