Let’s say it’s semi-automatic 😀
With an FXGiants account, you get access to the trading centre. For me it was a long time ago, so I don't quite remember the procedure. Maybe someone fresher would remember and share how it was done.
But anyway, it’s not a brainer. The best advice I can give you is to subscribe and you will get market insights on your email right before the start of the session you desire. This is how i use TC
In general, having them both would hurt anyone. But for traders who like to trade on the metatrader app, there is no difference between mt4 and mt5. At least not for me. Both work great in terms of stability and speed. The only difference is in the built-in indicators, but i believe many traders don’t even use MT for charting, so this is not a biggie.
However, you are right, adding MT5 would be an upgrade.
tbh, idk, I know that this account type is for those who need direct market access with no dealing desks involved, i,.e faster execution...therefore I might presume margin requirement will be tighter.
Maybe it is about controlling risks- so that the risk will not overspill , but as I know the stp/ecn account doesnt not automatically mean lower leverage. Maybe better to ask custoemr support, kinda profound technical question you are asking
THe most tradeable assets? Just trade what you want, what is this question is even about :)
By the sheer volume the fx market i think is the biggest...makes sense as it is blood of the financial system. here you can trade fx pairs at a failry low spreads, just depends on the account you choose...
also, have a look at stocks, they tend to develop intersting patterns, i think they have more classical patterns than other markets...
so, depends on your taste :D ,as i d say all the major market types are present here
Good news on trading central is that you don't need a specifc account for that, so you can have it on any that you like. Though the price is $500, even though accounts don't have a minimum deposit requirement like that, you still need $500 to get trading central analytics. You can try that for 2 days free and decide if it's worth it or not. Still, this is not the price of trading central, this is just your investment, and you can get analytical aid for that.
Ohh, that one is hard to answer, because everybody has their own favourites…
Let me tell you the difference between these account types, and I guess you will figure out which one will suit you the most. But before that, I’m currently using Live fixed spread one, and I hope I won’t give you too biased text here on that side :D
Live accounts suit mostly intraday traders or swing traders who are looking for executions on a higher timeframe. All because the execution time doesn’t matter much, and the spreads are fixed at good numbers while commissions fees are not charged. But here is the great part, the bonuses are available for this account!
STP/ECN accounts on the other hand are focused on high frequency traders more. The stp/ecn executions are the fastest in the game, and the milliseconds truly matter if you are trading on a lower timeframe trying to catch small but sharp moves. There is a raw account, and two different ones so you can definitely find what will work best for you. However, the leverage is limited at 1:200 and the bonuses are not available. Personally, I just don’t need super fast execution and went for comfortable trading conditions that happen to be in live accounts.
Maybe the answer is in your question, simplicity. or this can be some other reason. You can never tell why a certain trader might like a certain broker, because they all have their own advantages for the broker. One thing that unifies all is the reliability, becasue that is the foundation of everything in the broker, and I guess this is the core of clients trust in fxgiants.
A particular asset that is great for trading? Broski, I think it fully depends on the person. Fxgiants have forex currency pairs, metals, different indices, commodities, shares and this is not the market, but you can trade futures too. Now, here you have to decide which market is the best for you! For many it’s forex pairs, but personally I go for US indices, US100 and US500 to be precise. I’m using the concepts of ICT mostly for trading, plus have my own strategy that is about the 15 minute range made in the NY opening. However, there are so many strategies out there, that you have to choose one and stick to it yourself. And for the beginning pick only one asset that you want to focus on, otherwise you will be very confused with trading every possible asset. This way you will get unmotivated quickly.
What an approach :D and true there is one… don’t open an account on the PMAM platform. You don’t need it. This is only for experienced, very experienced traders who manage other people’s trading accounts. Stick to the standard trading accounts.
Just to be… There was a reason and this reason is basically, the more accounts, the more traders will come and trade there. In the case of this broker, basically everybody can trade and benefit from conditions, powered by a variety of accounts. For example, they have zero spread account, based on ecn execution, perfect for scalpers or low spread account for intraday trader, for whom x200 leverage might look enough. Beginners can enjoy various bonuses on simple standard accounts with variable spread. I think it can be considered as a strength of the broker. More accounts, more opportunities.
Hmmmm, exotic forex pairs. The question is quite unique as many only asks about ordinary major forex pairs, but i can see where you are coming from. You might be exploring the market which is not bad, but be careful because some of the assets classes are very different and need further education or trials on them. Anyway, let me tell you about trading conditions.
Trading conditions are way better with major pairs since they have more liquidity and volume. Look at some of the exotic pairs charts, they are so choppy, it’s really hard to trade an asset that doesn’t move technically good. They can dump or pump anytime as well, which is why i recommend to avoid them. You will never be sure for at least 70% in your trades, it’s like gambling. However, when you are trading eur/usd or other major pairs, you can see that they move with nice sized candles aligning technical analysis (everyone has different approaches) beautifully, at least for me it’s like that. The spreads are usually 1.1 pips with eur/usd pair, which is decent. The commission fees are zero as well, which means that you are paying solely for spreads. However, with exotic pairs they are really wide sometimes.
Ohhh boyy, why woud they even develop and offer different accounts if they were the same...Have u at least tried to check the account details first? alright, it might be difficult sometimes for the beginners to be lost. and I presume u r a started in trading. Basically, two major account types are there LIve and STP/ECN, where each is subdivied into different categories as well. I am not gonna tell all the nuances for each type as u can read it on the official website yourself. But I d adivse u, since you are not so exprienced as it seems, to start from Live Floating Spread account. U ll have variable spreads and no commision.....WEll, in general the accounts differ with spreads/comissions involved. The guys from customer support are out there to help u, try the integrated chat on the website.
Being honest? I don’t know but I can just share my guesses, it seems STP/ECN is primarily focused on order execution and FXGiants decided to compromise by reducing leverage to provide such conditions. On the other hand, live accounts have pretty standard order execution but clients can also trade with higher leverage.
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Yep, of course. PMAM feature is very useful, but it depends if you even need this feature for yourself.
PMAM is a Personal Multi-Account Manager, which basically means that you can manage several accounts at the same time. It’s very handy when you have to trade several assets at the same time. For instance, imagine you have to trade Nasdaq during the NY session, and also EUR/USD at the same time during the NY session. It’s all because during new york assets encounter the highest liquidity and volumes where you can find great set ups. There are also other benefits that you can find using pmam. First of all, it’s the unlimited number of MT4 accounts to open. Secondly, you are offered one click trading, which is going to make your experience way faster and easier. You will also have reports on the activity of accounts whenever you want to. If you want to manage several accounts at the same time, pmam would be the decision for you.
I don't think these two things clash. You can be both and set up 2 revenue streams, given that you can trade and influence people haha. But make sure that you make it balanced so one doesn't take over the other.
Okay, so this is actually a fairly good question because there definitely is one FXGinats account that happanes to be perfectly suited toward beginner traders. But people gatekeep it a lot so it's kind of a hidden gem. The best part, you cannot lose when you trade on this account. The drawback, you can't win either. It's called DEMO! 😀
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I made several successful investments with this broker before losing 80% of my savings to the trading scam. It cost me so much money and pain to invest in a broker that was not even real. All thanks to, Erin Crypto Recovery Firm for helping me recover my money back from this fake brokers. email them now erincryptorevovery@gmail.com
Well, technically yes, it’s for free… but there is a BUT :) Your account size needs to be at least $5000, which is not a small account for a new trader, but it’s a reasonable requirement for those who truly need vps hosting. The real question is whether you really need vps hosting. I trade on their platform, and honestly, I can’t complain about the execution speed. Here and there, some slippages can occur, but it’s not a big deal. Vps hosting is only for people using EA trading robots, and only if they use some high-frequency trading strategy within which they execute a lot of trades and often the profit is in a pip or two. In this case the execution speed matters a lot. In all other trading strategies, I don't really see a point for you to even bother with vps hosting.
It seems if you have read the conditions on the website and still can’t understand what that means, then I guess you need a more detailed explanation.The absolute zero account offers zero commissions for opening and closing positions and narrow spreads from 0.2 pips. It means you open 100 trades every week, you won’t lose anything on commissions, the only trading-cost is spread and with those spreads you won’t lose much from trading.The zero spread account is suitable for those who would like to trade with very tight spreads on the forex and hate trading with wide spreads during immense volatility, all you will pay is commissions $3.75 per lot per side. The final choice is depends on your preferences and what trading strategy you you're going to use.
The intermediate account type Jokes aside, the accounts at FXGiant are not designed to be categorised on the level of experience of the traders. Yes, there are brokers who have this concept, offering beginners and pros account types, but here they have a different concept, and the accounts differ in trading conditions. So, to make the most of the account, you need to know what your trading style is, what your trading strategy needs. However, if I need to suggest an account that is suitable for a wide range of strategies, that probably will be the Live Floating Spreads account type. No commission, and pretty tight spreads.
Yes, but it depends on the account type. They offer low to zero commission rates. Here is the breakdown of account types:
- Live Floating Spread. Variable spreads from 1.0 pips with no commission.
- Live Fixed Spread. Fixed spreads from 1.2 pips with no commission.
- Live Zero Fixed Spread. Fixed spreads from 0.0 pips, but you have to pay a commission of $9 per lot.
From my point of view, I think the deposit bonus is the easiest one which doesn’t require customers to meet complicated terms and conditions, so yeah, you have to go for this one.
I always recommend paying attention to forex major pairs such as eur/usd, gbp/usd, usd/jpy and others when it comes to beginners who want to start trading.
First things first, everything is due to tighter spreads and even if volatility rises they do not widen much because these pairs are always in demand.
Secondly, it's about liquidity of these pairs, they are very liquid unlike other assets, lol
Plus, as a cherry on the top, other assets like shares, metals aren't easily analyzed and they require a bit more knowledge than thoe rookies have,
So you have btc on its own network - still an option. The reason I say this is because sometimes netwrok fee can get a bit high during volatility times. Also there's USDT - a stablecoin that runs on ERC-20 and TRC-20, ethereum and tron networks. These have better network fees imo.
you can go all-in with scalping as long as you play nice. But hey, if your scalping game involves dodgy price tricks, arbitrage tricks, or anything that smells like price abuse, any broker will call it quits. Keep it clean!
Wow, this is a complicated question because you know everyone has their own preferences about trading conditions. Even experienced traders think a lot before choosing the right account which suits their trading strategy and needs but if someone would ask my opinion which account I would recommend then it would be a Live Zero Fixed Spread trading account because I’m sure that a beginner trader won’t open a lot of orders due to he would lose a lot of money on commissions for opening and closing trades positions. And at the same time he can trade with tight spreads which won’t bite a huge part of his profits during immense volatility on the forex market.
Why not, since it's only for the sake of traders?
It's cool that they provide customers with such a variety of bonuses where everyone can choose something that suits him. It stirs up interest to the trading platform as all these bonuses work like a promotional gimmick.
But there are such platforms which offer bonuses only on "paper" and in fact there are none of them at all. Fxgiants is a decent broker, so they do rly provide interesting bonuses for all. Use it, since you are given.
Exactly, my brother! As soon as you implement your trading platform to VPS server, the speed of execution of your orders will be faster and by the way you can also use this server for your trading robots if you want to make them work around the clock.
It normal... its okay and reliable and fast. We basically use the same payment methods everywhere. But I get your point, some brokers take longer to process payments. This one is pretty fast.
Afaik, they do.
They have several bonuses to offer to new clients.
They are: Booster Bonus, Bonus Maximiser and Bonus Advantage. Each of them have their own conditions, I am not sure that I remember them correctly, so it's better to visit their official website and watch videos they have prepared to introduce these bonuses.
Also, there are no deposit bonuses, you can get them too.
Oh, I see what you mean. You wanted to know how this broker offers its services and whether it offers them correctly.
You may have heard somewhere about fraudulent companies that cheat their clients. As in your example, after a few orders, broker starts its illegal activities.
But there is another case. This broker guarantees reliability and honesty. It doesn't cheat, but protects its clients.
The most important confirmation of these statements above is my personal experience. Moreover, I trade the same assets for a long time. So I would notice long ago if the quality of trading got worse over time.
As far as I know VPS service of this broker is available to all clients for a certain fee. I have heard that this fee is small.
And those clients who have more than $5000 on deposit can send request and get this service for free.
So look at what criteria you meet and send a request. If you really need VPS, I advise you to spend your money on it.
Actually yes. When you are a user of the virtual private server, it eliminates many risks connected to improper order execution, lags, bugs, requotes and other unpleasant stuff. Everything is because the connection is seamless, orders are always routed directly without any pitfalls. That is the reason why this feature is highly used among algo trading admirers. And as a rule it's run 24/7, without any breaks, so that is another positive thing. But answering your question, again, yeah, it's all about improvement of order execution quality.
Such a concise but dead-on question, man, guess a lot of guys who enter the website crack their head over it.
ECN of course... Only because of execution. I am a scalper myself, so imagine how order execution velocity matters to me. Extremely.
And Absolute Zero, ofc.
Meaning no belittling the effectiveness of trading on the Live accounts, but just didn't check them. Heard clients shared positive feedback on trading on them too.
You have some really good options for payment methods available at FXGiants.
When deciding what payment method you should use for your initial deposit, you should think one step further and consider what payment method is the most convenient to use for your withdrawals.
You might know, but let me just clarify one important aspect in this regard.
When you inquire about a withdrawal, you will have to withdraw using the same payment method you used for depositing your account, until you reach the amount of money deposited to your account.
For example, if you deposited $1000 using a bank card, you can withdraw up to $1000 using the same card you used. This is a legal obligation for any broker out there. After this amount, you can only withdraw money using a bank wire payment method.
No pitfalls, brother.
Everything is exactly as it says in the description on their official website. I myself received bonuses from this broker so I confirm it with my own experience.
This is an honest broker and therefore bonus system that company offers is also transparent. It is not directed that broker gets some benefits from you. On contrary, it is something like reserve parachute for beginners who can lose money from their first trades. And such financial help from broker will give you opportunity to make mistake, but at the same time to stay on the market.
Experienced traders can get advantage from the autotrade. Despite the name, it’s not about algo trading, it’s about copy trading. So traders who have working trading strategies with proven efficiency are able to attract other clients of the broker and be a strategy provider for them.
That is probably the best way to scale your revenues within the trading environment.
Without thinking, those that are on the top of my head are the Personal Multi-account manager, the free virtual private server, and the STP/ECN accounts.
In my opinion, these are unique tools from this broker that can significantly improve the quality of trading. If you haven't tried them yet, I advise you to start.
