FOREX.com vs FXGiants

FOREX.com vs FXGiants Comparison

FOREX.com vs FXGiants
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$50MT4, Advanced Platform, Web Trader300+FCA, ASIC, CFTC, IIROC, SFC, CIMA, FSA
$100MT4200+FCA, ASIC

FOREX.com and FXGiants Comparison

One way of describing the way FXGiants groups its account is by execution. They are either instant execution (no slippage but may requote) or STP/ECN market execution (may have slippage does not requote). FOREX.com has market and instant execution on its platforms and market execution on MT4. FXGiants just offers MT4, while FXGiants has two other platforms (for discretionary trading).

Both are regulated by the FCA in the United Kingdom and the ASIC in Australia. FOREX.com is additionally regulated by the CFTC in the United States, the IIROC in Canada, the SFC in Hong Kong, the CIMA in the Cayman Islands and the FSA in Japan.

Similarity

Both offer MT4.

Difference

FOREX.com offers a range of platform, FXGInats has a range of account types, including STP/ECN.

Minimum deposit and account types

The minimum deposit for FOREX.com is $/€/£50. The minimum deposit for FXGiants is $100, but for STP/ECN trading it is $500.

  • FOREX.com offers Forex and CFD trading. The minimum trade size is 0.01 lots. It has an Economic Calendar, Market Research and a news feed on its platforms and a Trader Education course on its website.
  • 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.

Markets

  • On The Advanced Platform, FOREX.com offers Forex, Indices, Energy, Cryptocurrencies, Soft Commodities, Metals and Stocks, with 300+ available.
  • On MT4, FOREX.com offers Forex, Indices, Energy, Soft Commodities and Metals, with 110+ available.
  • On MT4, FXGiants offers Forex, Indices, Energy, Cryptocurrencies, Soft Commodities, Metals and Stocks, with 200+ available.

Cryptocurrency CFDs

  • FOREX.com offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.
  • FXGiants offers Bitcoin, Ethereum, Litecoin and Ripple.

Spreads and leverage

  • Spreads at FOREX.com are variable or fixed depending on the market, with variable spreads from 1.4 for EUR/USD, a fixed spread of 1 for UK100, a typical variable spread of 0.61 for Gold and 0.04 for US Crude Oil.
  • 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 and Absolute Zero accounts, 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.

The maximum leverage for FOREX.com (FCA regulated). Maximum leverage for FXGiants (FCA regulated) is .

Commissions

  • FOREX.com does not charge commissions, except for Shares CFDs.
  • FXGiants charges a commission of $13 per lot for its ECN Zero account and does not charge a commission for its ECN No Commission account or its Absolute Zero account. On its 0 Fixed Spread account, FXGiants charges a commission from $18 per lot.

Platforms

FOREX.com offers the Advanced Platform, a web trader, MT4, an MT4 web trader and apps. FXGiants offers MT4.

Comparison summary

  • Both provide CFD trading
  • FXGiants can offer Forex trading with or without a commission charge
  • FOREX.com does not charge Forex commissions
  • Both offer MT4
  • FXGiants additionally provides other discretionary trading platforms
  • FXGiants has a range of STP/ECN accounts
  • FOREX.com has a lower minimum deposit
  • Each is FCA and ASIC regulated

Search this site

Translate