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FXGiants Broker Reviews and Full Information
Are FXGiants scams or is it a legitimate broker?
FXGiants is not a safe or secure. We have checked the business and it is not authorized or registration for the address, so FXGiants appears to be very suspicious, and could be operating its services from a completely different address.
FXGiants is a brand name that is owned by Balvento Limited, a registered company in Bermuda However, it is actually an affiliate of the Brokerage group which was damaged by its reputation and decided to establish a new company under the brand name of FXGiants. Registry Address/ License: Bermuda, Cyprus, Australia, UK Regulated by CySEC No. 25/10. ASIC No. 417482 FCA - - no. 585561.
About FXGiants
| Registered in | Bermuda |
| Type of License | Offshore License |
| Are FXGiants's trades safe? | No |
| Recommended Licenses | FCA in the UK and ASIC in Australia |
| Alternative Broker | The FP Markets is approved to ASIC in Australia |
The parent company of FXGiants Group's headquarters for brokerage is situated in Cyprus under the name the company IronFX Global Ltd and operated under the same name of an entity and registration numbers. These have been must be noted that the names and registration numbers changed numerous times.
The name was changed while the cases of a lot of clients who accused IronFX for a wrongful use of withdrawals of funds and promotions arose and circulated around the media.
The changes in names and subsidiaries of the firm were observed across different countries, and aimed to draw new customers under the brand new names.
"IRONFX GLOBAL (AUSTRALIA) PTY LTD change the name of the entity change to GVS (AU) PTY LTD using its business name FXGiants, IronFX, FXDD" ASIC, 2016, The new system of operation is based on aligning the obligations and interests of all stakeholders.
Despite this and the fact that the business is licensed to register with respected authorities that are reputable in Cyprus, UK, Australia, South Africa and more however, customers shouldn't expect an improvement in the quality of service offered by FXGiants particularly in handling of clients. However there were a variety of legal proceedings were brought by the company's parent, and finally, the CySEC authority negotiated a settlement of the fine with the company.
Although the company group is working to get an online brokerage service to a satisfactory standard, it's better to stay clear of investing and engaging on trading transactions with FxGiants and its associated companies.
Security of funds and reliable trading conditions always come first to ensure that traders should use well-regulated brokers, such as UK broker as well as brokers from Australia and dependable brokers like AvaTrade and XM.com.
Also, you can share your experience trading with FxGiants by leaving a comment to this post.
Summary
| Properties | Values |
|---|---|
|
Name
|
FXGiants |
|
Minimum Diposit
|
$ 100 |
|
Leverage
|
30:1 |
|
Regulation
|
FCA (United Kingdom),, |
|
Headquarters
|
United Kingdom |
|
Established
|
2015 |
|
Address
|
12th Floor, Broadgate Tower, 20 Primrose Street, London, EC2A 2EW, United Kingdom |
|
Platform
|
MT4,, |
|
Payment Method
|
Visa,Mastercard,Wire,Skrill,Neteller,Fasa Pay,SafeCharge,Union Pay,, |
Overview
| Properties | Values |
|---|---|
|
Spreads
|
0.1-5 pips |
|
Min Position size
|
0.01 |
|
Broker Type
|
Instant Execution,,,,, |
|
Account Type
|
Mini account,High Leverage,Standard,, |
|
Brokers by Country
|
UK Forex Brokers,, |
|
Techniques
|
Scalping Forex Brokers,Hedging Forex Brokers,Spread Betting Brokers,Automated Trading Brokers,Mobile Trading Brokers,, |
|
Instruments
|
Forex Trading Brokers,Gold Trading Brokers,CFD Trading Brokers,Crypto Trading Brokers,Oil Trading Brokers,Commodity Forex Brokers,Metal Trading Brokers,Indexes Trading Brokers,, |
|
Account currency
|
USD,EUR,GBP,,USD, |
|
Tools
|
Charting Software,, |
|
Website Languages
|
en,, |
|
Support languages
|
en,, |
|
Bonus
|
Yes |
|
Reviews Rating
|
2.5 |
|
Withdrawal Fee
|
No |
|
Trading Signals
|
Yes |
|
Free Education
|
Yes |
|
Daily News
|
Yes |
|
Demo account
|
Yes |
|
Swapsr
|
Yes |
|
Pors
|
1. Regulated by FCA and ASIC 2. Demo accounts 3. Variety of spreads on the different account types 4. MetaTrader4 |
|
Cors
|
1. Little educational tools 2. No research tools |
|
Display Analysis
|
Yes |
|
Serving country
|
GB,, |
|
Not Serving country
|
CU,IR,KP,SD,SY,US,, |
|
Contests
|
No |
|
Market analysis
|
No |
|
Copy Trading Brokers
|
No |
|
Bitcoin Forex Brokers
|
Yes |
|
Social trading
|
Yes |
|
Web trading
|
Yes |
|
Forex pairs
|
Yes |
|
CFDs
|
Yes |
|
Crypto
|
Yes |
|
Hedging
|
Yes |
|
PAMM
|
Mql5 signals,, |
|
Mobile Trading
|
Yes |
|
Scalping
|
Yes |
|
Automated Trading
|
Yes |
|
Partnership Programs
|
Yes |
|
Free Phone
|
+44(0) 207 523 5395 |
|
Customer Support
|
24/5 |
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