Is FXGiants Scam or Legit Broker?

Based on our research FXGiants is not a safe and secure broker. While we checked the company, we found there is no authorization or registration of the address, therefore the company seems to be highly suspicious and might operate its services from an absolutely different location.

FXGiants is a trading name of Balvento Limited, a registered company in Bermuda, however, which is in fact a subsidiary of the Brokerage group that was affected by a negative reputation and established a company under the new brand name. Registration Address/ License: Bermuda, Cyprus, Australia, UK Regulated by CySEC – no. 125/10; ASIC – no. 417482; FCA – no. 585561.

About FXGiants
🗺️ Registered inBermuda
🗺️ Type of LicenseOffshore License
🛡️ Is FXGiants safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerAvaTrade - licensed by ASIC in Australia

 

What is FXGiants?

FxGiants is an international brokerage firm that operates in more than 15 countries. During our research, we found that the parent of FXGiants group brokerage headquarters is located in Cyprus under the name of IronFX Global Ltd and operated under the same entity names and registration numbers, which is worth mentioning changed several times.

  • The company changed names while the cases with a number of clients that claimed IronFX for abuse of money withdrawals as well as promotions appeared and spread around the publicity. 

The shifts of brands and subsidiaries of the company emerged in various jurisdictions while targeting to attract new customers under the fresh names.

  • “IRONFX GLOBAL (AUSTRALIA) PTY LTD changes entity name to GVS (AU) PTY LTD, with the business names FXGiants, IronFX, FXDD” ASIC, 2016 The new model of operation supposes to align the obligations and the interests of all parties.

Despite that and the fact that the company holds registration licenses from respected authorities in Cyprus, UK, Australia, South Africa, and more, the customers can’t expect an improvement within the provided operational standard of FXGiants, especially client handling. At the same time, a number of legal cases were filed against the parent company when finally the CySEC authority settled the fine to the company.

 

Overall FXGiants Ranking 

Taking into consideration the safety issues we found based on our FXGiants research we do not rank positively FXGiants, based on our Expert Opinion with over 10 Years of experience in Forex Trading.

  • FXGiants Overall Ranking is 2 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.
RankingFXGiantsAvaTradeBlackBullMarkets
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐
Is Broker safe? NoYesYes
AdvantagesNoneTrading InstrumentsTrading Conditions

 

FXGiants Alternative Brokers

As we found reliability issues with FXGiants, here are much better Alternatives to FXGiants with strict regulations and great trading conditions. We select Good Brokers and trustworthy options for your comparison below: 

  • eToro – Good for CopyTrading and Cryptocurrency Trading
  • Dukascopy – Excellent for Shares, Futures Trading
  • BlackBull Markets – Good for High Leverage Trading

FXGiants Deposits and Withdrawals

FXGiants enables clients to open accounts in a matter of minutes, entering the market and trading instantly without delay. Withdrawals are also made quickly and securely via the FXGiants Hub. 

With FXGiants it is possible to fund the accounts through various methods: credit cards, wire transfers, bitwallet, UnionPay, etc. 

Trading Platforms and Apps

Based on our findings FXGiants offers various trading platforms including:

  • MetaTrader4 MT4
  • FXGiants Web Trader App
  • PMAM
  • VPS Hosting

Platforms are user-friendly, MT4 is still a good choice among the majority of traders worldwide with good market analysis. The Apps are suitable for Apple and Android.

PMAM allows traders to manage multiple MT4 accounts while implementing different trading strategies. This is a good solution for those who trade with Expert Advisers. 

FXGiants Review Conclusion 

According to the information we collected via our research, we advise traders to avoid FXGiants because of non-compliance with the regulations and multiple negative feedback from the clients. However, the group of companies still tries to settle an online brokerage operation at a decent level, it is better to avoid investment and engagement in trading with FxGiants and its affiliated companies.

The safety of funds and reliable trading conditions are always a priority in forex trading. For that reason traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as BDSwiss and BlackBull Markets.

  • Overall ranking and experience for FXGiants is Negative

No news available.

5 responses to “FXGiants”

  1. FX GIANTS hat mir 55.000,–Euro gestohlen. Ich habe 2018 bei einem Trade 55.000,– Euro gewonnen. Kurz darauf ist mir der Gewinn storniert worden. Der Ombudsman in England konnte auch nicht helfen, weil FXGIANTS auf Bermuda sind und dort keine Lizenz besitzen.
    Vorsicht Betrüger

  2. FXgiants is a great trading site I’ve been there for so long and I deposit there a big sump of money and course, I have withdrawn my profit as well.

  3. The main advantage of fxgiants is a wide range of intelligent trading tools, including technical, basic, sentiment analysis tools and advanced chart packages. It provides performance analysis of other traders and helps you find a trader to copy. It also provides risk management tools to help traders close their trades when their performance is poor.

  4. Prices and fees are well below average and there are discounts for bulk transactions. Great customization (for graphs, workspaces). Users have access to a variety of great research tools

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