Compare FXGiants vs FXOpen

Compare FXGiants vs FXOpen

FXGiants versus FXOpen
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4200+FCA, ASIC
$300MT465+FCA, ASIC, FSRC

FXGiants and FXOpen Comparison

FXGiants offers STP/ECN accounts in addition to other account types. FXOpen offers either STP trading or ECN trading. Both provide MT4.

FXGiants can offer more markets to trade, as it provides Shares CFDs. Both are regulated by the FCA in the United Kingdom and the ASIC in Australia. FXOpen is also regulated by the ASIC in Australia and the FSRC in Nevis.

ECN conditions

Both brokers source prices from liquidity providers. FXOpen uses Equinix's NY Data Centre.

Quick comparison

Both are MT4 brokers. FXOpen offers ECN trading, while FXGiants has a range of account types, including STP/ECN.

Minimum deposit and account types

The minimum deposit for FXGiants is $100. The minimum deposit for FXOpen is €/$300 or £200.

  • FXGiants offers trading on six 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 and the Absolute Zero STP/ECN 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, $2,500 for the Premium account and upon request for the Absolute Zero 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. The Absolute Zero account has spreads from 0, without 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.
  • FXOpen offers three accounts types, ECN, STP and Crypto. The ECN account charges commissions on its markets, the STP does not charge commissions. The ECN account has a wider range of market available. The Crypto account is an STP account which additionally offers a range of Cryptocurrencies (which have a commission charge). The minimum trade size is 0.01 lots. Market news and analysis are available via RSS and an economic calendar is provided on FXOpen's website.

Markets

  • FXGiants offers Forex pairs, Indices, Energy, Cryptocurrencies, Metals, Soft Commodities, and Shares, with 200+ available.
  • On the ECN account, FXOpen offers Forex, Indices, Energy and Precious Metals, with 65+ available.
  • On the STP account, FXOpen offers Forex and Precious Metals, for a total of 50+.
  • On the Crypto account, FXOpen offers Forex, Cryptocurrencies and Precious Metals, for a total of 55+.

FXGiants provides 80+ Forex pairs, FXOpen offers 45+ Forex pairs.

Cryptocurrency CFDs

  • FXGiants offers Bitcoin, Ethereum, Litecoin and Ripple.
  • FXOpen offers Bitcoin, Ethereum, Litecoin, NEO, OMNI, Monero, IOTA, Ripple, EOS, Ethereum Classic, Bitcoin Cash, DASH, Namecoin, Peercoin and Emercoin.

Spreads and leverage

  • 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.
  • Spreads at FXOpen are variable and are from 0.0 for EUR/USD, 0.0 for UK 100, 0.0 for Gold and 0.0 for US Crude Oil (all plus commission). The STP account has higher spreads.

Maximum leverage for FXGiants (FCA regulated) is . Maximum leverage for FXOpen (FCA regulated) is .

Commissions

  • 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.
  • For Forex, FXOpen charges a commission, which depends on volume traded, from $1.5 - $5 per standard lot per side. Other instruments have differing commission charges.

Platforms

FXGiants provides MT4 desktop and MT4 apps. FXOpen offers MT4 desktop, MT4 apps and an MT4 web trader.

Comparison summary

  • Both offers low Forex spreads, plus a commissions charge
  • FXOpen provides higher spreads, without a commission charge
  • FXGiants provides non-ECN trading as well
  • FXGiants offers a range of account types, including fixed low spreads, plus a commission charge
  • FXOpen provides ECN and STP trading
  • FXOpen can offer a lower commission charge
  • Both are FCA regulated

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