Compare FXGiants vs USGFX

Compare FXGiants vs USGFX

FXGiants vs USGFX
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4200+FCA, ASIC
$100MT4, MT560+ASIC

FXGiants and USGFX Comparison

Both brokers offer STP/ECN trading, with MT4 (USGFX also offers MT5). USGFX has a range of account types, which can offer lower Forex spreads (without a commission charge), for a higher minimum deposit. FXGiants's account types include both market execution STP/ECN trading (with no requotes but with the possibility for slippage) and instant execution accounts (with the possibility of requotes but no slippage). Both are regulated by the ASIC in Australia. FXGiants is additionally regulated by the FCA in the United Kingdom.

ECN conditions

Both brokers offer STP/ECN trading (with no requotes and the possibility of slippage).

Quick comparison

Each broker offers MT4 and STP/ECN trading. FXGiants has a range of other account types, while USGFX also offers MT5.

Minimum deposit and account types

The minimum deposit for FXGiants is $100. The minimum deposit for USGFX is $100.

  • FXGiants offers trading on five account types, the Micro account, the Premium account, the 0 Fixed Spread account, the STP/ECN No Commission account and the STP/ECN 0 Spread account. The minimum deposit is $100 for the Micro account, $500 for the 0 Fixed spread, STP/ECN No Commission and STP/ECN 0 Spread accounts and $2,500 for the Premium account. The Micro and Premium accounts have two types, Live Fixed or Live Floating Spread. The minimum trade size is 0.01 lots except for the Premium account where it is 0.1 lots.
  • FXGiants's 0 Fixed Spread account offers fixed spreads from 0 plus a commission charge. The STP/ECN 0 Spread account offer variable ECN spreads from 0, with a commission charge. FXGiants provides economic news and an economic calendar on its website. It also provides a dedicated account manager and a 24/5 dealing hotline for its non-ECN accounts.
  • USGFX offers four account types. These are Mini, Standard, VIP and Pro-ECN. The minimum deposit for the Mini account is $100, the minimum deposit for the Standard account is $10,000, and the minimum deposit for both the VIP and Pro-ECN accounts are $50,000. The different account types can offer lower spreads, with the lowest being available on the VIP account. All account types have a minimum trade size of 0.01 lots.
  • USGFX provides Trading Central, the Recognia Trading System (which provides trading ideas), analysis, one on one coaching and an Education Center on its website with webinars, seminars, a trading guide and Blog, along with contests.

Markets

  • FXGiants offers Forex, Indices, Energy, Cryptocurrencies, Metals, Stocks and Soft Commodities, with 200+ available.
  • USGFX offers Forex, Indices, Energy, Cryptocurrencies and Precious Metals, with 60+ available.

FXGiants has 80+ Forex pairs. USGFX has 20+ Forex pairs.

Cryptocurrency CFDs

  • FXGiants offers Bitcoin, Ethereum, Litecoin and Ripple.
  • USGFX offers Bitcoin.

Leverage and spreads

Maximum leverage for FXGiants (FCA regulated) is . USGFX's maximum leverage is 500:1, except on the Pro-ECN account where it is 100:1.

  • FXGiants can provide non-ECN EUR/USD spreads on the Micro account from 1.1 variable and 2.2 fixed and Premium non-ECN EUR/USD spreads from 1.8 fixed and 0.7 variable without a commission charge. It can also offer EUR/USD spread fixed at 0, with a commission charge.
  • STP/ECN account spreads at FXGiants are variable and are from 1.7 for EUR/USD on the STP/ECN No Commission account and 0.0 on the STP/ECN 0 spread account, and from around 1 for UK100, 0.50 for Gold on the STP/ECN No Commission account and 0.15 on the STP/ECN 0 Spread account, and 0.04 for US Crude Oil.
  • USGFX offers variable spreads. On the Mini account, EUR/USD is from 2.8, on the Standard account EUR/USD is from 2.2, on the Pro-ECN account EUR/USD is from 1.5 and on the VIP account EUR/USD is from 1.3.
  • USGFX offers Gold spreads from 0.50 on all accounts except VIP, where they are from 0.36. US Oil spreads are from 0.027, plus commission.

Commission charge

  • FXGiants charges a commission of $13 per lot round trip for its ECN Zero account and does not charge a commission for its ECN No Commission account. On its 0 Fixed Spread account, FXGiants charges a commission from $18 per lot per side.
  • USGFX does not charge commissions for Forex or Precious Metals. It does charge commissions of $5 per lot per side for CFDs.

Platform

Both brokers offer MT4 desktop and apps. USGFX additionally has MT5 desktop and apps.

Comparison summary

  • Both offer STP/ECN trading
  • USGFX does not charge commissions for Forex and can offer lower spreads with higher account types (with a greater minimum deposit)
  • FXGiants can offer STP/ECN trading, with or without a commission charge
  • Both provide MT4
  • USGFX also offers MT5
  • FXGiants is FCA and ASIC regulated
  • USGFX is ASIC regulated

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