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FXGiants Broker Review For Nigeria In 2023

About FXGiants

FXGiants was first established in 2006. They are an established, 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. Despite being one of the newer brokers on the market, they have a great reputation for offering a reliable, transparent service. As such, they are a suitable choice for forex traders in Nigeria.

FXGiants offers great account options and excellent trading conditions. 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

FXGiants at a glance

🏛️ Based inLimassol, Cyprus
⚖️ RegulationCySEC, FCA, ASIC, BM
💰 Minimum Deposit$10 (4000 Naira)
💳 Deposit OptionsCrypto, VISA, MasterCard, BitPay, FasaPay, Maestro, Neteller, Skrill, UnionPay, WebMoney, Bank Wire
💳 Withdrawal OptionsCrypto, VISA, MasterCard, BitPay, FasaPay, Maestro, Neteller, Skrill, UnionPay, WebMoney, Bank Wire
📌Open an accountStart Trading with FXGiants
FXGiants QuickInfo

Regulation

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

  • FXGiants is a trade name of Notesco UK Limited. Notesco UK Limited is authorised and regulated by the Financial Conduct Authority (FCA) with registration number 585561.
  • FXGiants AU is also a trade name of Notesco Pty Limited. Notesco Pty Limited is authorised and regulated by the Australian Securities and Investments Commission (ASIC) with Australian Financial Services License (AFSL) number 417482.
  • FXGiants BM, their global entity, is operated by Notesco Limited and registered in Bermuda with company registration number 51491.

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.

Trading Instruments

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.

  • Forex: They offer 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.

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

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.

PMAM Platform

FXGiants also offers a PMAM platform for money managers and investors. Their Multi Account Manager (MAM) platforms 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 a under master account system. It also allows them to create multiple funds and manage an unlimited number of accounts.

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FXGiants Bonuses

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 are you finish your account verification and start trading.

No Deposit Bonuses

FXGiants offer two no deposit bonuses. These are:

  • Email Verification Bonus – Start by registering for an online trading account. Verify your e-mail address and enjoy trading with an extra $10 credit bonus.
  • Phone Verification Bonus – Start by registering for an online trading account. Proceed with your mobile verification, and benefit from $15 bonus credited to your account.
Deposit Bonuses

They also offer three deposit bonuses. These are:

  • Booster Bonus – Start by opening and funding your online trading account. Boost your trading with up to $4000 bonus on your deposits.
  • Bonus Maximiser – Start by opening and adding fund to your online trading account. Choose exclusive bonus maximisers on your deposits.
  • Bonus Advantage – Start by opening and funding your online trading account. Receive bonus on each deposit, credited automatically to your account.

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.

Account

Spreads

Lots

Leverage

Commission

Live Floating

1.0 pips

0..01 lots

1:1000

No Commission 

Live Fixed

1.2 pips

0.01 lots

1:1000

No Commission 

Live Zero Fixed

0.0 pips

0.01 lots

1:1000

$9 per lot per side

No Commission

1.7 pips

0.01 lots

1:200

No Commission 

Zero Spread

0.0 pips

0.01 lots

1:200

$3.75 per lot per side

Absolute Zero

0.2 pips

0.01 lots

1:200

No Commission 

Liquidity

When it comes to trading conditions, FXGiants prides itself on its ability to provide fast, convenient market access. FXGiants have a deep liquidity pool and use liquidity aggregation. They use top liquidity providers such as Bank of America, Barclays, and BNP Paribas.

Deposits & Withdrawals

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.

Forex Education

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.

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.

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Extra 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.

VPS Services

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 continue 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 anytime, from any place. The FXGiants VPS service comes with many benefits including optimal connection speed, optimal connectivity, and fast trade execution.

Documents

As part of the account registration process, FXGiants asks for copies of certain documents. This is because they need to verify your identity as part of the account approval process. They will most likely ask to see copies of a government-issued ID, such as a passport, and copies of a utility bill.

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.

Conclusion

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.

Ready to start trading? Open an FXGiants account. Looking for more information? Check out our other forex broker reviews.

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