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FXGiants -

Score

1.57 /10
Danger

FXGiants

Australia

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.fxgiants.com.au/en

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Comparison

Quantity 12

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.49

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

GVS (AU) Pty Limited

Company Abbreviation

FXGiants

Platform registered country and region

Australia

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 4
Previous Detection : 2024-11-16
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 11 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

FXGiants

Australia

WikiFX Verification

Exposure

12 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Chayaphat Na Phatthalung

After trading for one month, I applied for the withdrawal. But 111 withheld my 103 thousand dollars, giving no respond.

2020-05-07 19:12
Others

Fraud platform induces clients to open accounts.

I placed several orders of EUR.After applying for the withdrawal,I was declined by the reason of illegal trading and my profit was deducted compulsory.When I argued with the risk-management department,they said that they judged by experience,having no evidence!The customer service blocked me.No one answers my email anymore!

2019-11-02 20:02
Unable to Withdraw

The withdrawal and account login was both unavailable in FXGiants.

The withdrawal in FXGiants was unavailable.My account was also sealed and failed to login.As a trader,I suspected that the platform’s wicked behavior was cheating our money.The platform also couldn’t ensure the fund safety,which led to my great losses.I will propaganda the platform’s disgusting behaviors to warn others to avoid being cheated until the fund and its gain been back to my account.

2019-08-06 05:02
Resolved

Capital and profits withdrawing are unavailable in FXgiant

Everyone should keep away from the fraud platform FXgiant, where you can’t get your profits. There is no any problem when you suffer losses, but when you get profits, problems are here and there. For example, the customer service personnel will accuse your trading practices of failing meeting the standards with different excuses. Though I have a normal holding period for every trade and haven’t been blamed for anything for the past few months, I was told of illegal trading when I applied for withdrawing money. They would not allow the withdrawal. Now they hide in Cyprus. The platform which offers a fast access to deposit and no access to withdraw. Be away from it, or you will be regretted.

2019-08-01 01:00
Others

FXGiants wipes the profit and finds a reason to deduct me three thousand dollars

Chinese name of FXGiants is Juhui, which gives no access to withdrawal of profits by finding excuses.Don’t trust this fraud platform.

2019-06-10 18:17
Unable to Withdraw

FXGiants declined my application for withdrawal and sealed my account.

FXGiants didn’t reply my application for withdrawal and sealed my account.As a trader,I suspected that the platform’s wicked behavior was cheating our money.The platform also couldn’t ensure the fund safety.The staff there couldn’t explain for sealing my account deliberately.The withdrawal was still unavailable.It seems that it will run away with the money.

2019-08-06 05:04
Unable to Withdraw

FXGiants will ban your account as long as you make profits

From my account opening to being closed,I traded 458 lots in total,of which more than 440 lots making losses and the final 14 lots profiting of 17 thousand yuan.After the position lasting for 10 hours or so,I was told that I am trading illegally and the profit in my account will be deducted.The manager claimed that all my orders were illegal.Buy why you told to me when I was making profits instead of the former 440 lots?This fraud platform will ban your account and deduct your profits as long as you earn money.

2019-09-02 09:55
Scam

FXGIANT is BIGGEST SCAM BROKER

I just say fxgaint is BIGGEST SCAM BROKER so please don't put your hard earn money in this broker. because when you earn here profit and he never gave you a withdraw. How I know that about fxgaint. because I am deposit here $500 and when I earn here profit and put it withdraw request its declined my withdraw and suspended my account. This is my real experience that I am share with you so please don't join this broker. And you can also search in google.com about fxgaint review its SCAM BROKER and you can see that a lot of reviews because he never gave withdraw. He just suck the innocent people money. MY fxgaint ac no is 18043573 its my real ac number my profit is $721 and he cancel my withdraw and suspend my account.

2021-09-14 19:03
Unable to Withdraw

BVCFX wiped my profit out and won’t let me withdraw

I traded on BVCFX and made a profit. But the platform changed my account data. My 0.1 lot GBP/USD position was closed. That 13 pips slippage made me lose over $3000. Then they forced me to withdraw my principal and blocked me.

2019-06-08 02:21
Others

Complaint againstFXGiants

I am a client of FXGiants, the official website https://www.fxgiants.com.au/zh. It was granted n Australia full license, the regulatory number: 417482. Since I made profits, the platform has blocked my account, all profits are deducted. It forced me to withdraw the deposit. I only has a small fund, let alone large money! Do you dare to trade on such a platform?

2018-10-24 04:38
Unable to Withdraw

SCAM BROKER

With no other words then a SCAM broker. After some weeks that i was trading, without a explanation and notice FXGiants just disappear with all my profits opening a false position on EURUSD. After I complain they answer that my trades were off prices from LP, so i am playing in casino or i trade forex? How can i open a position on they MT4 with wrong prices? Thats mean they are fake and pure Market Maker, manipulating prices to their own benefit. On screenshot from them show 491.54$ profits but in reality i made 516.98 and they took all. After i ask for more evidences from LP they never answered back, plus they wanted to charge me 10% administration fee!!! STAYAWAY FROM THIS BROKER...

2020-08-02 09:12
Unable to Withdraw

The withdrawal of gains is unavailable in FXGiants

With an excuse of wrong quotation, FXGiants refused my application for capital withdrawing, let alone gains. I don’t know about quotation errors, nor did I figure out what do they have to do with our investors. Besides, if my application was under investigation, why my account was been frozen. Is it a delay of game? FXGiants claims itself as a regular platform, but why didn’t you tell me the quotation is wrong when I suffered a great loss, and why did you reject my applications for withdrawing gains with different reasons ? With no more excuses, you have to approve my withdrawal of capital. It is only a waste of time for our traders to make deals on the platform. More deals ended up with losses only. Why you just complete capital when we lose? With high-sounding reasons, the platform violated the interest of our traders. Since you gave no explanation, I wonder that you have guaranteed a fair market and safe capital, in other word capital security only be promised with gains excluded. The so-called investigation was your excuse for buying more time. We traders can not do everything to prevent losses, but we did have rights to withdraw our gains. And the platform shouldn’t have refuse the withdrawal with any untenable excuse. Think twice before deposit in FXGiants.

2019-08-02 04:19
    FXGiants · Company summary

    Note: FXGiants official site - https://www.fxgiants.com/fxg-au/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

    Risk Warning

    Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

    General Information & Regulation

    Feature Information
    Registered Country/Region Australia
    Found 2015
    Regulation Suspicious clone
    Market Instrument Forex currency pairs, commodities, cryptocurrencies, stocks, indices, metals, energy, and CFDs
    Account Type Live and SPT/ECN
    Demo Account N/A
    Maximum Leverage 1:1000
    Spread Vary on the account type
    Commission Vary on the account type
    Trading Platform MT4
    Minimum Deposit N/A
    Deposit & Withdrawal Method bank transfers, Visa, MasterCard, Skrill, Neteller and coinbase

    Founded in 2015, FXGiants is an online broker that offers retail and institutional traders across the globe access to trade over 200+ instruments from multiple asset classes.

    FXGiants AU is a trading name of Notesco Pty Limited, which is regulated by the Australian Securities and Investments Commission (Regulatory Number: 417482), however, this license is suspected to be a clone one.

    General Information & Regulation

    Note: The screenshot date is February 1, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

    Market Instruments

    FXGiants offers investors access to over 200 financial instruments, including 70+ Forex currency pairs, commodities, cryptocurrencies, stocks, indices, metals, energy, and CFDs.

    Account Types

    The accounts offered by FXGiants are divided into two categories – Live and SPT/ECN. Live accounts include three types: Live Floating Spread account, Live Fixed Spread account, and Live Zero Fixed Spread account. SPT/ECN accounts are also divided into three types.

    Account Types

    Leverage

    For Live accounts, the FXGiants offers very high leverage of up to 1:1000, and up to 1:200 for SPT/ECN accounts. Unregulated brokers usually offers high trading leverage, so investors should learn how to manage leverage and employ risk management strategies to mitigate forex losses.

    Spreads & Commissions

    According to the description of the three types of Live Accounts, FXGiants offers, respectively, a variable spread from 1 pip with no commission, a fixed spread of 1.2 pips with no commission, and a fixed zero spread with a commission of $9 per lot per side.

    SPT/ECN accounts are also divided into three types - with variable spreads from 1.7 pips with no commission, with variable spreads from 0.0 pips with a commission of $3.75 per lot per side, and with variable spreads from 0.2 pips with no commission.

    Trading Platform

    FXGiants offers traders the most popular MT4 trading platform, which is highly praised by traders and brokers alike due to its ease of use and great functionality. It is available for Windows, Mac OS and Linux operating systems as well for Android and iOS mobile devices. The MT4 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.

    Trading Platform

    Trading Tools

    Whilst there is already a vast array of tools built into the provided trading platforms, FXGiants also offers some additional tools that can be used to assist with your trading. These trading tools include myfxbook auto trade, free virtual private server (VPS), and educational trading videos.

    Deposit & Withdrawal

    FXGiants welcomes traders to deposit and withdraw funds from their investment accounts via bank transfers, and credit/debit cards like Visa and MasterCard, Skrill, Neteller and coin base.

    Deposit & Withdrawal

    Bonuses & Fees

    FXGiants also offers various deposit bonuses. In any case, you should be very cautious if you receive a bonus. First of all, bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Remember that brokers who are regulated and legitimate do not offer bonuses to their clients.

    Bonuses

    If the account has been inactive for 12 months, a $50 fee is charged. There is another administrative fee of $60 “In the instance where a chargeback is placed either intentionally or unintentionally for any deposit made in a Clients Account”.

    Customer Support

    The FXGiants customer support team is available 24/5 via online chat, telephone:+61 286 078 189 and email: support@fxgiants.com.au. Support is multilingual, with toll-free numbers for various countries on the website. The online chat customer services team are very quick with their responses. You can also follow this broker on social networks such as Twitter, Facebook, and Instagram.

    Pros & Cons

    Pros Cons
    • Multiple trading assets, account types and funding options • Suspicious clone
    • MT4 supported • Website inaccessible
    • Free VPS • US clients are excluded
    • Various fees charged

    Frequently Asked Questions (FAQs)

    Q 1: Is FXGiants regulated？
    A 1: No. It has been verified that FXGiants holds a suspicious clone Australia Securities & Investment Commission (ASIC) license.
    Q 2: At FXGiants, are there any regional restrictions for traders？
    A 2: Yes. US clients are not accepted.
    Q 2: Does FXGiants offer the industry-standard MT4 & MT5？
    A 2: Yes. FXGiants supports MT4.
    Q 3: Does FXGiants charge a fee？
    A 3: Like every forex broker, FXGiants charges a fee when you trade - either in the form of a commission fee or spread fee. It also charges an inactivity fee and an administration fee.
    Q 4: Is FXGiants a good broker for beginners？
    A 4: No. FXGiants is not a good choice for beginners. Though it seems to offer competitive trading conditions, it lacks legitimate regulation.

    News

    NewsFXGiants： A real scam? Or just a victim of a witch hunt?

    WikiFX Brokers Review

    WikiFX
    2021-08-24 13:32
    FXGiants： A real scam? Or just a victim of a witch hunt?
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    Juciee
    more than one year
    FXGiants has a great selection of payment methods and their trading platforms, like MT4 and MT5, are top-notch. It's easy to deposit and withdraw funds, and the platforms are user-friendly and loaded with features.
    FXGiants has a great selection of payment methods and their trading platforms, like MT4 and MT5, are top-notch. It's easy to deposit and withdraw funds, and the platforms are user-friendly and loaded with features.
    Translate to English
    2024-07-17 17:40
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    A&～
    more than one year
    Unfortunately, my experience with FXGiants has been far from satisfactory. I encountered issues with withdrawals, my account was inexplicably sealed, and getting in touch with customer service was a challenge. PLEASE GIVE ME MY MONEY BACK!!!
    Unfortunately, my experience with FXGiants has been far from satisfactory. I encountered issues with withdrawals, my account was inexplicably sealed, and getting in touch with customer service was a challenge. PLEASE GIVE ME MY MONEY BACK!!!
    Translate to English
    2024-03-07 13:49
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