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Do you want to know which is the better broker between FXGiants and FXCL ?
In the table below, you can compare the features of FXGiants , FXCL side by side to determine the best fit for your needs.
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You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of fxgiants, fxcl lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
FXGiantsReview Summary | |
Founded | 2009-09-07 |
Registered Country/Region | Bermuda |
Regulation | clone firm |
Market Instruments | Forex/Metals/Indices/Commodities/Stocks/Futures |
Demo Account | / |
Leverage | Up to 1:1000 |
Spread | From 0.0 pips |
Trading Platform | MT4 |
Min Deposit | / |
Customer Support | Phone: +44 (0) 207 523 5394 |
Email: support@fxgiants.com |
FXGiants is a broker. The tradable instruments include forex, metals, indices, commodities, stocks, and futures. The broker also provides six accounts with a maximum leverage of 1:1000. The minimum spread is from 0.0 pips. FXGiants is still risky due to its clone firm status, high leverage, and bad reviews about wiping out profits.
Pros | Cons |
MT4 available | Clone firm |
24/5 customer support | Inaccessible official website |
Various tradable instruments | High max leverage |
Spread from 0.0 pips | Negative comments about wiping out profits |
FXGiants is regulated by FCA with license number 585561, but it is a clone firm.
FXGiants offers more than 300 market instruments, including forex, metals, indices, commodities, stocks, and futures.
Tradable Instruments | Supported |
Forex | ✔ |
Metals | ✔ |
Indices | ✔ |
Commodities | ✔ |
Stocks | ✔ |
Futures | ✔ |
Shares | ❌ |
ETFs | ❌ |
Cryptocurrencies | ❌ |
Bonds | ❌ |
Mutual Funds | ❌ |
FXGiants has six account types: Live Floating Spread, Live Fixed Spread, Live Zero Fixed Spread, STP/ECN No Commission, STP/ECN No Commission, and STP/ECN Absolute Zero. Traders who want low spreads can choose Live Zero Fixed Spread and STP/ECN Zero Spread accounts, while those who want low leverage can open STP/ECN No Commission, STP/ECN Zero Spread, and STP/ECN Absolute Zero accounts.
Account Type | Live Floating Spread | Live Fixed Spread | Live Zero Fixed Spread | STP/ECN No Commission | STP/ECN Zero Spread | STP/ECN Absolute Zero |
Spreads from | 1.0 pips | 1.3 pips | 0.0 pips | 1.7 pips | 0.0 pips | 0.2 pips |
Commission | No | No | $9 per lot per side | No | $3.75 per lot per side | No |
Leverage up to | 1:1000 | 1:1000 | 1:500 | 1:200 | 1:200 | 1:200 |
Trade from | 0.01 Lots | 0.01 Lots | 0.01 Lots | 0.01 Lots | 0.01 Lots | 0.01 Lots |
Bonuses | Available | Available | - | - | - | - |
The spread starts from 0.0 pipsand the commission is from 0. The lower the spread, the faster the liquidity.
The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.
FXGiants cooperates with the authoritative MT4 trading platform and provides PMAM and VPS Hosting services. Junior traders prefer MT4 over MT5. MT4 provides various trading strategies and implements EA systems.
Trading Platform | Supported | Suitable for |
MT4 | ✔ | Junior traders |
FXGiants accepts Visa, Wire Transfers, etc. for deposit and withdrawal. However, the official website is inaccessible, so transfer processing times and associated fees are unknown.
FXCLReview Summary | |
Founded | 2006 |
Registered Country/Region | Saint Vincent and the Grenadines |
Regulation | VFSC |
Market Instruments | Forex, indices, cryptocurrencies, metals |
Demo Account | ✔ |
Leverage | Up to 1:2000 |
Spread | Low |
Trading Platform | MT4 Margin WebTrader |
Min Deposit | $1 |
Customer Support | Email: support@fxclearing.com |
Registered office: Plot 54368 Western Commercial Road, The Hub, Itowers, Cbd, Gaborone, Botswana. |
FXCL, founded in 2006, is a forex brokerage registered in Saint Vincent and the Grenadines. It is regulated by VFSC. Its current status is revoked. It charges no fees or commissions. Its leverage is up to 1:2000.
Pros | Cons |
VFSC regulated | Limited customer support options |
Wide range of currency pairs and trading instruments | Fixed spreads |
Low minimum deposit of $1 | No Islamic trading account |
Eight types of trading accounts to choose from | No MT5 supported |
Generous leverage up to 1:2000 | No phone number information offered |
Competitive spreads and low trading fees | |
MT4 trading platform and webtrader supported | |
Copy trading available | |
Demo account available |
FXCL is regulated by VFSC in Vanuatu. Its current status is revoked.
Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number | Current Status |
Vanuatu | VFSC | FXCL Markets Ltd | Retail Forex License | 14610 | Revoked |
FXCL offers traders forex, indices, cryptocurrencies, metals to trade.
Tradable Instruments | Supported |
Forex | ✔ |
Indices | ✔ |
Metals | ✔ |
Cryptocurrencies | ✔ |
Commodities | ❌ |
Stocks | ❌ |
Futures | ❌ |
Options | ❌ |
FXCL offers 4 different types of accounts to traders - Start Account, Cent Account, Standard Account, Interbank Cent Account, Interbank Standard Account, ECN Pro Account, Live Contest Account, Volume Cash Account. It also provides demo accounts.
Account Type | Start Account | Cent Account | Standard Account | Interbank Cent Account | Interbank Standard Account | ECN Pro Account | Live Contest Account | Volume Cash Account |
Leverage | 1:2000 | 1:1000 | 1:500 | 1:500 | 1:500 | 1:300 | 1:1000 | 1:1000 |
Spreads | Floating for full spread list | Fixed for fufor full spread list | Fixed for fufor full spread list | Floating starting from 1.1 pip with a 5-digit price feed for full spread list | Floating,starting from 1.1 pip with a 5-digit price feed for full spread list | Floating, starting from 0.1 pip with a 5-digit price feed | Floating for full spread list | Floating for full spread list |
Position Size | 0.01-1.00 (standard lot) | 0.01-200 (micro lot) | 0.01-2.00 (standard lot) | 0.01-500 (micro lot) | 0.01-5.00 (standard lot) | 0.01-50.00 (standard lot) | 0.01-3.00 (standard lot) | 0.01-3.00 (standard lot) |
Execution | Market | Instant | Instant/Market | Market | Market | Market | Automatic Market Execution | Automatic Market Execution |
FXCL's spreads are as low as 0 pips. FXCL charges low commissions. It charges $3 per lot for forex, metals, indices 0.15% per lot of Crypto when transaction happens in ECN Account and $1.5 per lot for forex, metals when transaction happens in Live Contest Account and Volume Cash Account. The min deposit is $1.
FXCL's trading platform is MT4 Margin WebTrader, which supports traders on PC, Mac, iPhone and Android.
Trading Platform | Supported | Available Devices | Suitable for |
MT4 Margin WebTrader | ✔ | Web, Mobile | Beginner |
MT5 | ❌ |
FXCL offers a lot of deposit and withdrawal methods.
Method | Processing Time | Fees |
Online bank (Asiabank) | Instant | N/A |
Crypto (Alphacoins) | Instant | N/A |
PerfectMoney | Instant | Low fees |
Local Deposit | Up to 1 business day | Low fees |
FasaPay | Quick | FXCL provides full fee coverage for all Fasapay deposits |
Dragonpay | Instant | N/A |
Method | Processing Time | Fees |
Online bank (Asiabank) | Instant | N/A |
Crypto (Alphacoins) | Instant | N/A |
PerfectMoney | Instant | Low fees |
Local Deposit | Up to 1 business day | Low fees |
FasaPay | Quick | Low fees |
Dragonpay | Instant | N/A |
FXCL's copytrading offers an opportunity to automatically follow good traders and monitor the markets.
Any FXCL client may open an ECN Copy Pro account as a Follower (hereinafter, Follower‘s Account).In order to open an ECN Copy Pro account as a Signal Provider (hereinafter, Provider’s Account), the client should verify the Traders Cabinet first and provide a link to his/her previous trading results on Myfxbook, MQL5 or FX Blue resource or upload an MT4 statement from his/her previous trading account (any account type from any broker is allowed).
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive fxgiants and fxcl are, we first considered common fees for standard accounts. On fxgiants, the average spread for the EUR/USD currency pair is from 0.2 pips, while on fxcl the spread is from 0.1.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
fxgiants is regulated by FCA. fxcl is regulated by VFSC.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
fxgiants provides trading platform including STP/ECN Absolute Zero,STP/ECN Zero Spread,STP/ECN No Commision,Live Zero Fixed Spread,Live Fixed Spread,Live Floating Spread and trading variety including --. fxcl provides trading platform including ECN Pro account,Volume Cash account,Live Contest account,Interbank Cent account,Interbank Standard account,Start account,Standard account,Cent account and trading variety including --.