FXGiants or Forex.com – which is better for UK traders 2024? Compare FXGiants and Forex.com in this detailed breakdown of their platforms, features and fees.
FXGiants is a global CFD broker with FCA and ASIC regulation and hundreds of products available with STP or ECN execution. We like that the broker boasts several useful features, supporting always-on, ultra-fast automation via its dedicated fibre-optic VPS.
Founded in 1999, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms.
Pros
Users can launch MetaTrader 4, PAMM management systems, automation developers and private servers
FXGiants caters to all client types with both STP and ECN account choices and several hundred investment products
Traders outside the UK can benefit from the $25 no deposit bonus deal simply for verifying their email
Tier-one regulation from the UK's FCA and Australia's ASIC
Zero spreads on some account types
With over 20 years of experience, excellent regulatory oversight, and multiple accolades including runner-up in our 'Best Forex Broker' awards, FOREX.com boasts a global reputation as a trusted brokerage.
The in-house Web Trader continues to shine as one of the best-designed platforms for aspiring traders with a slick design and over 80 technical indicators for market analysis.
Alongside a choice of leading platforms, FOREX.com offers a superb suite of supplementary tools including Trading Central research, SMART Signals pattern scanner, trading signals, and strategy builders.
FOREX.com offers industry-leading forex pricing starting from 0.0 pips, alongside competitive cashback rebates of up to 15% for serious traders.
There’s a wealth of educational resources including tutorials, webinars, and a stacked YouTube channel to help you get educated in the financial markets.
Cons
There is a lack of educational material and helpful content, which would add value for new traders
Beyond automation functions, FXGiants does not offer any additional features to maximize the client experience
Traders seeking cryptocurrencies will need to look to other brokers
Despite increasing its range of instruments, FOREX.com's product portfolio is still limited to forex and CFDs, so there are no options to invest in real stocks, real ETFs or real cryptocurrencies.
FOREX.com's MT4 platform offers approximately 600 instruments, significantly fewer than the over 5,500 available on its non-MetaTrader platforms.
Funding options are limited compared to leading alternatives like IC Markets and don’t include many popular e-wallets, notably UnionPay and POLi.
There’s no negative balance protection for US clients, so you may find yourself owing more money than your initial deposit into your account.
Demo accounts are frustratingly time-limited to 90 days, which doesn’t give you enough time to test trading strategies effectively.
Awards
Best CFD Broker 2022 - Rankia
Best HNW Service 2022 - Dubai Forex Expo
Best US Broker 2020 - DayTrading.com
Best US Broker 2019 - DayTrading.com
Runner-Up - Best Forex Broker 2019 - DayTrading.com
Running alongside the MT4 and Web Trader platforms, the FOREX.com app offers full trading capabilities on a user-friendly, compact platform. Integrated news and analysis, plus real time trade alerts, are two mobile specific features that set this app above the crowd. Additionally, it beats out MT4 when it comes to mobile charting tools, with over 80 indicators and 11 chart types, not to mention a slicker design that we love.
iOS App Rating
3.6
Android App Rating
3.8
Margin Trading
No
Yes
MetaTrader 4
Yes
Yes
MetaTrader 5
No
Yes
cTrader
No
No
AlgoTrader
No
No
OmniTrader
No
No
TradingView
No
Yes
Autochartist
No
Yes
eSignal
No
Yes
Trading Central
No
Yes
STP Account
No
Yes
ECN Account
No
Yes
DMA Account
No
Yes
MAM Account
Yes
No
PAMM Account
No
No
LAMM Account
No
No
Demat Account
No
No
AI / Machine Learning
No
Yes
Robo Advisor
No
No
Negative Balance Protection
No
Yes
Market Maker
No
No
P2P Trading
No
No
Spot Trading
No
Yes
Auto Trading
Yes
Expert Advisors (EAs) on MetaTrader
Copy Trading
No
No
Social Trading
Yes
No
Trade Signals
Yes
SMART Signals
VPS Hosting
No
Yes
Tournaments
No
No
Demo Competitions
No
No
Ethical Investing
No
No
Custodial Account
No
No
Guaranteed Stop Loss
No
No
Inactivity Fee
$15
Islamic Account
No
Yes
Account Currencies
USD
EUR
GBP
CAD
AUD
JPY
SEK
CHF
PLN
CZK
USD
EUR
GBP
CAD
AUD
JPY
CHF
PLN
Commodities
Gold
Silver
Natural Gas
Gold
Oil
Silver
Cotton
Livestock
Soybeans
Coffee
Natural Gas
Sugar
Wheat
Orange Juice
Lean Hogs
Cattle
CFD
The 300+ instruments offered by FXGiants span seven asset classes, including indices, equities, futures and commodities. In particular, our team was impressed by the breadth of commodities, covering hard, soft and energy products.
With the ability to take both long and short positions on 5,500+ CFDs across forex, stocks, indices, commodities, and cryptocurrencies, FOREX.com excels. Its exclusive Web Trader platform offers an excellent trading experience, equipped with over 80 technical indicators and average execution speeds of just 20 milliseconds, ensuring an optimal environment for serious traders.
Leverage
1:300 (UK), 1:500 (Australia), 1:1000 (Global)
1:30
FTSE Spread
N/A
1.0
GBPUSD Spread<
1.97
1.3
Oil Spread
4.11
2.5
Stocks Spread
Variable
0.14
Forex
FXGiants offers a strong suite of 70 currency pairs, spanning major, minor and exotics. Forex can be traded through CFDs, offering long and short opportunities with leverage.
FOREX.com continues to uphold its stature as a premier FX broker, offering over 80 currency pairs and boasting some of the most competitive fees in the industry. With EUR/USD spreads dipping as low as 0.0 and $5 commission per $100k, it stands out. Moreover, its SMART Signals help to identify price behaviors across numerous major currency markets.