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FXGiants Review
Overall Rating: ★★☆☆☆ (2.4/5.0)
FXGiants is an offshore forex and CFD broker offering over 200 tradable instruments through MetaTrader 4, across forex, indices, commodities, and shares. Although it advertises tight spreads, flexible leverage, and multi-account options, FXGiants is operated by Notesco Ltd, registered in Bermuda, and is not regulated by any top-tier financial authority. With its previous regulatory ties to the UK now severed, FXGiants presents significant risk for retail traders, despite a user-friendly setup and commission-free trading options.
This FXGiants review explores the broker’s current status, platform capabilities, pricing, and whether it’s a safe choice in 2025.
Key Features
FXGiants focuses on accessibility, flexible leverage, and trading variety for global clients.
- Trading Platform:
- MetaTrader 4 (MT4) – available on desktop, web, and mobile
- Markets Offered:
- Forex, indices, commodities, metals, and stocks
- Account Types:
- Live Floating Spread, Live Fixed Spread, STP/ECN No Commission, and Zero Spread
- Leverage:
- Up to 1:1000 for international clients
- Deposit Methods:
- Bank wire, cards, Skrill, Neteller, crypto options
Regulation and Security
FXGiants is no longer regulated in the UK and now operates under a light-touch offshore jurisdiction, with minimal investor safeguards.
- Operated by Notesco Ltd (Bermuda)
- Previously associated with FCA-regulated entities, but no longer authorised
- No oversight from FCA, ASIC, or CySEC
- No compensation scheme or client protection guarantee
- Limited transparency on fund handling or segregation
Pricing and Costs
FXGiants offers several pricing models, with spreads and commissions varying by account type.
- Spreads:
- Floating account: From 1.1 pips
- Fixed spread account: From 1.8 pips
- Zero spread account: 0.0 pips, with $18/lot commission
- Commission:
- Zero Commission Account: Mark-up on spreads
- ECN accounts: Up to $9 per lot round-turn
- Minimum Deposit:
- $100
- Deposit & Withdrawal Fees:
- None for deposits; withdrawal fees vary by method
- Inactivity Fee:
- Yes – applies after 90 days of no trading activity
Educational Resources and Customer Support
FXGiants offers basic trader education but lacks structured learning and strategy development resources.
- Education:
- Glossary, platform manuals, and basic trading articles
- No webinars or interactive tools
- Market Analysis:
- Daily outlooks and economic calendar
- Customer Support:
- 24/5 via phone, email, and live chat
- Multilingual support but mixed reviews on responsiveness
Risk Management Tools
Risk tools are limited to standard MT4 functionality, with no enhanced features.
- Basic MT4 features: Stop-loss, take-profit, and trailing stops
- No guaranteed stop-loss orders (GSLOs)
- No dynamic risk dashboards or alerts
- High leverage amplifies risk for less experienced traders
Pros and Cons
Pros
- Multiple account types for various trading styles
- MT4 platform with mobile and desktop access
- Flexible leverage up to 1:1000
- Accepts crypto deposits
Cons
- No regulation from a reputable financial authority
- Previously FCA-regulated but now offshore-only
- No investor protection or compensation scheme
- High commissions on ECN accounts
- Limited educational and risk tools
Conclusion: Is FXGiants the Right Choice?
FXGiants may suit experienced traders who understand offshore risks and seek account flexibility with MT4 access. However, the lack of regulation, high-risk leverage, and limited transparency make it unsuitable for beginners or those prioritising fund safety.
Traders seeking client protection, competitive spreads, and regulated reliability should consider alternatives like IC Markets, Pepperstone, or FP Markets.