FXGiants Broker Review – Forex Trading Broker | TradeForex

FXGiants Basics

🏛️ Based in	Limassol, Cyprus
⚖️ Regulation	CySEC, FCA, ASIC, BM
💰 Minimum Deposit	$10
💳 Deposit Options	Crypto, VISA, MasterCard, BitPay, FasaPay, Maestro, Neteller, Skrill, UnionPay, WebMoney, Bank Wire
💳 Withdrawal Options	Crypto, VISA, MasterCard, BitPay, FasaPay, Maestro, Neteller, Skrill, UnionPay, WebMoney, Bank Wire
📌Open an account	Start Trading with FXGiants

Our Opinion About FXGiants

FXGiants was first established in 2008. They are a trustworthy forex broker with a large, international client base. They operate in over 150 countries and deliver an excellent forex trading experience to clients worldwide. They have a great reputation for offering transparent trading conditions and reliable online trading service. As such, they are a suitable choice for forex traders in Nigeria.

FXGiants offers great account options and excellent trading platforms. They ensure that all of their traders benefit from low minimum deposits, low trading costs, and easy market access. They also make sure that their traders get access to MT4 – one of the best trading platforms on the market – where they can trade over 300+ instruments.

FXGiants also helps traders to improve their market knowledge and advance their trading skills. They provide access to free educational materials via their client portals. They also offer many helpful trading resources including free VPS and copy trading tools. These resources are particularly helpful for new traders who want to get a better understanding of the market and improve their profitability.

Key Benefits

Regulation And Safety

The FXGiants Group consists of 3 different companies. These companies are registered in Australia, Bermuda and the United Kingdom.

• FXGiants, their UK entity, is operated by Notesco UK Limited. It is regulated by the Financial Conduct Authority (FCA) with registration number 585561.
• FXGiants AU, their AU entity, is operated by Notesco Pty Limited. It is regulated by the Australian Securities and Investments Commission (ASIC) with licence number 417482.
• FXGiants BM, their global entity, is operated by Notesco Limited and registered in Bermuda with company registration number 51491.

Regulations In Nigeria

Forex traders in Nigeria are able to open accounts via FXGiants BM. The BM entity is not overseen by a particular regulatory authority. That said, due to the fact that FXGiants operates internationally, they ensure that all of their clients benefit from a high level of security and client fund safety.

Fund Safety

FXGiants ensures that there are measures in place to protect client funds. For example, it keeps client funds in segregated accounts, with reliable banks, to prevent client funds being used for operational purposes. It also offers negative balance protection, with certain requirements, to prevent client balances from falling below zero. In addition to these measures, FXGiants also has first-class security protocols to help protect client data. For example, it uses both SSL technology and two-factor authentication technology. These extra measures mean that you benefit from a high level of both client data protection and client fund protection.

FXGiants: Legit Or Scam?

Yes, FXGiants is a legit broker. As an international online trading company, FXGiants offers access to over 300 instruments across 6 asset classes. They offer great trading accounts, all of which come with fast trade execution and transparent pricing. They also provide a reliable online trading service, as well as helpful trading tools, and multilingual support. When it comes to client fund safety, they offer convenient payment methods and implement strict client fund protection measures. They also offer a secure online trading environment and fast, easy withdrawals. In our opinion, they are a legit provider.

FXGiants Trading Assets

FXGiants offers over 300 trading instruments across 6 asset classes. You can choose a wide range of popular trading instruments including forex, metals, indices, commodities, futures, and shares.

Trading Instruments

• Forex: They offer Nigerian traders access to a wide range of major, minor and exotic currency pairs including the EURUSD, GBPUSD, USDJPY and many more.
• Metals: They also offer CFD trading on a number of precious metals including gold, silver, platinum, and palladium. Their metals trading comes with competitive spreads.
• Shares: They offer CFDs on shares on some of the most popular and most liquid shares in the stock market including Meta, Amazon, Apple, Google, Microsoft, Twitter, and many more.
• Commodities: FXGiants also offers CFD trading on a small range of commodities including coffee, crude oil, sugar and even gold. Their commodities trading comes with great spreads.
• Indices: FXGiants offers CFDs on indices including the S&P500, Nasdaq100, Dow Jones 30, Germany 30 (DAX), FTSE 100, as well as many other.
• Futures: FXGiants offers futures trading on the US500 E-mini S&P 500, US100 E-mini NASQAD 100, P225 Nikkei 225 USD Index, UK100 FTSE 100 Index Future, and more.

FXGiants Account Types

FXGiants offers a great choice of trading accounts. You can choose from three live accounts – live floating spread, live fixed spread, and live zero fixed spread. You can also try one of their three STP/ECN accounts – STP/ECN no commission, STP/ECN zero spread, and STP/ECN absolute zero.

Type	Spreads	Min. Deposit	Max. Leverage	Commission
Live Floating	From 1.0 pips	$100	1:1000	$0
Live Fixed	From 1.2 pips	$100	1:1000	$0
Zero Fixed	From 0.0 pips	$100	1:1000	$9 per lot
No Commission	From 1.7 pips	$100	1:200	$0
Zero Spread	From 0.0 pips	$100	1:200	$3.75 per side
Absolute Zero	From 0.2 pips	$100	1:200	$0

Live Floating Spread

This is a low-cost trading account. It is a great choice for Nigerian traders with less trading experience who want low minimum deposits. It comes with variable spreads starting from 1.0 pips and there are no commissions. It also comes with high leverage of up to 1:1000. The FXGiants minimum deposit for this account is $100.

Live Fixed Spread

This is another affordable trading account. It is a great choice for Nigerian traders with less trading experience who want fixed trading costs. It comes with fixed spreads starting from 1.5 pips and there are no commissions. It also comes with high leverage of up to 1:1000. The FXGiants minimum deposit for this account is $100.

Live Zero Fixed Spread

This is another low deposit trading account. It is a great choice for Nigerian traders with less trading experience who want predictable trading costs. It comes with fixed spreads starting from 0.0 pips, and low commissions of $9 per lot. It also comes with high leverage of up to 1:1000. The FXGiants minimum deposit for this account is $100.

STP/ECN No Commission

This is another low-cost trading account. It is a great choice for Nigerian traders with less trading experience who want low trading costs. It comes with variable spreads starting from 1.7 pips and there are no commissions. It also comes with high leverage of up to 1:200. The FXGiants minimum deposit for this account is $100.

STP/ECN Zero Spread

This is another affordable trading account. It is a great choice for Nigerian traders with less trading experience who want low commission costs. It comes with variable spreads starting from 0.0 pips, and low commission of $3.75 per lot. It also comes with high leverage of up to 1:200. The FXGiants minimum deposit for this account is $100.

STP/ECN Absolute Zero

This is another low deposit trading account. It is a great choice for Nigerian traders with less trading experience who want low spreads. It comes with variable spreads starting from 0.2 pips, and zero commissions. It also comes with high leverage of up to 1:200. The FXGiants minimum deposit for this account is $100.

Demo Accounts

FXGiants also offers a demo trading account. This is great for so many reasons. Firstly, with a demo account you can improve your trading skills and familiarise yourself with different trading strategies. Secondly, with a demo account, you can get a feel for the Forex market and what trading is all about. This is very important for new Nigerian traders, especially if it’s your first time trading. The demo account uses virtual funds and mimics live trading.

Islamic Swap-Free Accounts

All of the FXGiants accounts are available as Islamic Accounts, and you can choose this option when opening your online trading account.

PMAM Accounts

FXGiants also offers a PMAM platform for money managers and investors. Their Multi Account Manager (MAM) platform is mainly for professional traders and investors with a high level of trading experience. It comes with the integrated software tools that these traders need to manage other people’s investments under a master account system. It also allows them to create multiple funds and manage an unlimited number of accounts.

FXGiants Leverage

FXGiants offers high leverage on most of its trading accounts. You can trade with leverage of up to 1:1000 on three live accounts – the Live Floating Spread, Live Fixed Spread, and Live Zero Fixed Spread. You can trade with leverage of up to 1:200 on three of its other accounts – STP/ECN No Commission, STP/ECN Zero Spread, and STP/ECN Absolute Zero.

FXGiants Spreads

As part of our FXGiants broker review, we looked at the spreads on their accounts. FXGiants offers high leverage on most of its trading accounts. You can trade with fixed spreads on two of its live accounts – the Live Fixed Spread (1.3 pips) and Live Zero Fixed Spread (0.0 pips). You can trade with variable spreads on four of its other accounts – the Live Floating Spread (1.0 pips), STP/ECN No Commission (1.7 pips), STP/ECN Zero Spread (0.0 pips), and STP/ECN Absolute Zero (0.2 pips).

FXGiants Commission

FXGiants offers low commission on most of its trading accounts. You can trade with low commission on two of its live accounts – the Live Zero Fixed Spread (0.0 pips) and the STP/ECN Zero Spread (0.0 pips). You can trade with zero commission on four of its other accounts – the Live Floating Spread (1.0 pips),, the Live Fixed Spread (1.3 pips) the STP/ECN No Commission (1.7 pips), and STP/ECN Absolute Zero (0.2 pips).

FXGiants Registration – How To Open An Account

As part of our FXGiants review, we looked at their online registration requirements. If you live in Nigeria, then you are eligible to open an online trading account. The registration process is quite simple. The first step is to register online. This is so that FXGiants can gather some basic personal data and create your account. At this stage of the registration process, all you need to do is choose an email address and password. These will be your login details.

The next step is to take a short test about online trading. This is so that FXGiants can determine whether their online trading services are suitable for you. At this stage, all you need to do is show FXGiants that you have the skills and knowledge needed to trade properly. If you pass the test, you will be fully registered and ready to open an account. The final step is to complete the KYC process, submit your documents, and choose your preferred account type. This is so that FXGiants can process your trades. At this stage, all you need to do is deposit funds, using your chosen payment method.

FXGiants Registration – How To Verify An Account

To open a live trading account you’ll need to send FXGiants a proof of ID and a proof of address. This is so that they can check your identity and verify your account. The account verification process is simple. You can provide copies of your National ID card, Passport or Driving License . You can also provide copies of a utility bill or a bank statement registered in your name. After you have verified your account, you can add funds and start trading.

FXGiants Bonuses

As part of our FXGiants review, we looked at what forex bonuses are available. Forex bonuses are a great way for forex traders to boost their initial trading capital and enjoy lower trading costs. FXGiants has a very generous bonus plan that includes two no-deposit bonuses and three deposit bonuses. The no-deposit bonuses are available after you register for an account and complete the required profile criteria. The deposit bonuses are available after you finish your account verification and start trading.

No Deposit Bonuses

FXGiants offer two no deposit bonuses. The Email Verification Bonus is a $10 credit bonus. It is available after you verify your email address. The Phone Verification Bonus is a $15 credit bonus. It is available after you verify your mobile number.

Welcome Bonuses

They also offer three deposit bonuses. The Booster Bonus is a welcome deposit bonus. To access it, you start by opening and funding your online trading account. Depending on your deposit amount, you could receive a total bonus of up to $4000.. The Bonus Advantage is a standard deposit bonus. To access it, start by opening and funding your online trading account. Depending on your deposit amount, and previous bonuses, you could receive a bonus on each deposit, with a total bonus of up to $5000. There are also other smaller bonuses available via its Bonus Maximiser promotions. T&Cs apply for all bonuses. Check the FXGiants website for more details.

How To Claim FXGiants Trading Bonuses

FXGIants offers no deposit bonuses, welcome bonuses, deposit bonuses, and other promotions. Each bonus has its own entry requirements. To find out how to claim a bonus, visit the FXGiants website and read the terms and conditions for that promotion.

FXGiants Payment Methods

As part of our FXGiants review, we looked at what payment options are available. As the FXGiants minimum deposit amount is quite low, opening an account is fairly easy. They also offer a wide range of convenient payment methods, including popular e-wallets.

FXGiants Deposits

Deposits Methods

FXGiants gives you the opportunity to deposit funds to your trading account through various convenient methods including debit card and bank transfer. They also accept UnionPay and cryptocurrencies.

Minimum Deposit

FXGiants offers low entry requirements. The FXGiants minimum deposit is $100.

Deposit Times

The deposit time depends on which payment method you choose. For Visa and Mastercard, the deposits are instant. For wire transfer, the deposit times are 2-5 working days. For Bitcoin, BitPay, and UnionPay, the deposits are instant.

Deposit Fees

FXGiants does not apply any additional deposit fees. However, third party companies may charge fees at their own discretion.

FXGiants Withdrawals

Withdrawal Methods

FXGiants gives you the opportunity to withdraw funds to your trading account through various convenient methods including debit card and bank transfer. They also allow you to withdraw using UnionPay and cryptocurrencies.

Withdrawal Times

The withdrawal time depends on which payment method you choose. For Visa and Mastercard, the withdrawals are instant. For wire transfer, the withdrawal times are 2-5 working days. For Bitcoin, BitPay, and UnionPay, the withdrawals are instant.

Withdrawal Fees

The withdrawal fees depend on which payment method you choose.

Trading Platforms

FXGiants offers MetaTrader4 (MT4) – one of the best online trading platforms in the industry. The platforms are also available on desktop, mobile, and tablets. MetaTrader4 (MT4) is a great choice for both new and experienced forex traders. It has a very user-friendly interface and comes with many built-in trading tools. You can use it to trade all of your favourite CFD instruments including forex, crypto and stocks. It also has 4 order execution types, 30 technical indicators, 23 analytical objects. and 4 order types. You can use these features to master your technical analysis and put your trading strategies into action.

Trading Tools

FXGiants offers a free copy trading service called AutoTrade. It allows you to follow other traders, take a look at their trading strategies, and copy their trades to your own platform. All you need to do is connect your FXGiants trading account to the AutoTrade platform and then you can copy profitable trades automatically.

VPS Trading Services

FXGiants offers a free VPS service. You can connect your trading account to FXGiants free MT4 VPS (Virtual Private Server) and use it to manage your trades while you’re offline. A virtual private server (VPS) – in the context of forex trading – is simply a dedicated hosting service or networked machine that remotely runs a copy of the forex trader’s platform. In other words, a VPS is a cloud-based computer with a trading platform that traders can operate from any device. Once installed, the VPS remains connected at all times – even if a trader’s own computer is disconnected from the internet.

With a VPS, MT4 is continuously running on a remote server. This means that it continues running even if you switch your computer off. It enables you to benefit from better connectivity and less downtime. It also gives you more freedom as you can access the remote server at any time, from any place. The FXGiants VPS service comes with many benefits including optimal connection speed, optimal connectivity, and fast trade execution.

Education And Research

FXGiants takes trading support very seriously. It offers a great choice of educational materials to help forex traders improve their knowledge skills. The materials are accessible via their online trading academy and include educational videos, eBooks, webinars and glossary of trading terms.

FXGiants provide access to a range of over 60+ educational videos They offer plenty of videos for beginners and cover many important topics including trading instruments, basic trading skills , trading strategies, trading platforms, market analysis, and more. FXGiants also offers a range of forex trading eBooks. These eBooks contain helpful information for both new and experienced traders.

FXGiants Trading Hours

The FXGiants broker operates during standard trading hours. You can open trades whenever the forex market is open. Trading hours may vary on public holidays.

FXGiants Customer Support

The FXGiants customer service team is available 24/5. They have very friendly staff and can offer multilingual customer support. They are contactable via email, phone, and live chat.

Our Verdict

FXGiants is a reputable forex broker with a large client base. They operate in many countries worldwide and they offer a reliable, transparent service. They also offer a great choice of trading instruments and a generous welcome bonus plan. This makes them a good choice for traders who are looking for good trading conditions and for great forex bonuses.

FXGiants Forex Broker Review – FAQ

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FXGiants Forex Broker Review – Similar Brokers

FXGiants is a great forex broker. However, if you want to look at other forex companies, there are also many other choices for Nigeria. Here are some similar brokers.

Looking for more information? Check out our other forex broker reviews.