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FXGiants Fees and Spreads

FXGiants Fees and Spreads

 

Overall Rating

4.7/5

Rated #235 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FCA, ASIC

📱 Trading Desk

Meta Trader 4

Crypto

Yes

📈 Total Pairs

70

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

FX Giants The Live Zero Fixed Spread account includes a commission of $9 per lot per side, and the STP/ECN Zero Spread type charges $3.75. FX Giants website does not state any account fees, deposits, and withdrawal fees.

FX Giants also charges a $50 per annum inactive fee.

Finding a reputable list about FXGiants Fees and Spreads local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth Fees and Spreads review regarding this regulated Forex Company, which will assist traders and allow traders to invest in their currency.

 

Fees and Spreads

 

At FXGiants the spread list offered depends on the account type but are generally competitive. For example, the average EURUSD spread is as follows:

  • Live Floating Spread – 1.07
  • Live Fixed Spread – 1.31
  • Live Zero Fixed Spread – 0
  • STP/ECN No Commissions – 1.74
  • STP/ECN Zero Spread – 0.04
  • STP/ECN Absolute Zero – 0.24

 

The Live Zero Fixed Spread account includes a commission of $9 per lot per side, and the STP/ECN Zero Spread type charges $3.75

 

Additional Trading Fees

 

When trading financial instruments such as forex, traders can often expect that overnight fees, or swap fees will be charged when positions are held for longer than a trading day.

Rollover fees and commissions apply based on the asset class and trading instrument. For Muslim traders, the Islamic account avoids these fees.

Unfortunately, FXGiants does not offer an Islamic Account, which means that traders of the Muslim faith will not be able to avoid overnight fees, or swap fees.

Furthermore, where deposits or withdrawals are performed without trading activity, the broker charges a deposit fee and a withdrawal fee of 3% fee on deposited funds.

 

Overall Rating

4.7/5

Rated #235 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FCA, ASIC

📱 Trading Desk

Meta Trader 4

Crypto

Yes

📈 Total Pairs

70

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Broker Fees

Traders also need to ensure that they verify additional broker fees which may be waived by their financial institution. In addition, traders may be subjected to currency conversion fees should they transfer fees in a currency which is different from their account base currency.

FXGiants charges a swap fee for positions held open overnight, and an annual $50 charge on inactive accounts.

FXGiants is not a spread betting broker, so spread betting fees will not apply.

 

Pros and Cons

✔️ PROS ❌ CONS
Good variety of trading accounts

All trading accounts include a demo version

Relatively tight spreads

No Islamic account available

 

You might also like: FX Giants Minimum Deposit

You might also like: FX Giants Demo Account

You might also like: FX Giants Sign up Bonus

You might also like: FX Giants Account types

You might also like: FX Giants Islamic Account

 

FAQ’s

 

How many instruments can I trade with FXGiants

You can trade the following financial instruments:

  • Forex – more than 70 currency pairs
  • Metals – gold and silver
  • Indices – 12 indices
  • Commodities – 12 consumables including coffee and wheat
  • Futures – on the majority of assets including currencies and indices
  • Shares – major companies such as Aston Martin
  • Energies – Brent and WTI oil, natural gas

 

Which platforms are supported by FXGiants?

MetaTrader 4

 

Does FXGiants offer leverage?

Yes. The maximum leverage is 1:1000 where regulatory restrictions to leverage do not apply.

These restrictions will pertain to EU regulated countries, where the decision was taken to cap the maximum leverage at 1:30 in order to avoid the risks associated with high leverage to inexperienced traders.

 

What spreads can I expect with FXGiants?

At FXGiants the spread list offered depends on the account type but are generally competitive. For example, the average EURUSD spread is as follows:

  • Live Floating Spread – 1.07
  • Live Fixed Spread – 1.31
  • Live Zero Fixed Spread – 0
  • STP/ECN No Commissions – 1.74
  • STP/ECN Zero Spread – 0.04
  • STP/ECN Absolute Zero – 0.24

 

Do FXGiants charge commission?

Yes. The Live Zero Fixed Spread account includes a commission of $9 per lot per side, and the STP/ECN Zero Spread type charges $3.75

 

Is FXGiants regulated?

Yes. FXGiants is regulated by the FCA.

 

Is FXGiants a recommended forex trading broker for experts and beginners?

Yes. FXGiants caters for both beginners and experts.

 

What is the overall rating out of 10 for FXGiants?

8/10.

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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