FXGiants is an online broker that was founded in 2015 and states that it gives institutional and retail traders access to trade more than 200 products across several asset classes. Even though the broker markets itself as a trustworthy trading platform, several studies and reports have raised grave questions about its operations and authenticity. We will examine these claims in this FXGiants review and offer our thoughts on whether or not traders should choose this broker.
FXGiants Broker Overview
Website: https://www.fxgiants.com.au/
Website Availability: Yes
Official Address: Australia
Blacklisted By: Not Recommended By Review Website Like Scams Report
Domain Information:
- Domain Name: fxgiants.com.au
- Registry Domain ID: be80c842bdab4416b09cf5e9f23fd274-AU
- Registrar WHOIS Server: whois.auda.org.au
- Registrar URL: https://domaincentral.com.au/contact-details/
- Last Modified: 2024-10-06T12:34:55Z
- Registrar Name: Fluccs – The Australian Cloud Pty Ltd
- Registrar Abuse Contact Email: [email protected]
- Registrar Abuse Contact Phone: +61.730187566
Regulatory Status: A Cause for Concern
Notesco Pty Limited is the operating company of FXGiants AU, which is purportedly governed by the Australian Securities and Investments Commission (ASIC). However, a lot of analysts worry that this license might be a fake, which casts doubt on the legitimacy of the broker. The broker may be pretending to be regulated by ASIC but not having the required monitoring and compliance standards if they have a clone license.
Additionally, prospective traders should be informed that there have been reports of intermittent inaccessibility to FXGiants’ official website. This broker’s lack of accessibility to important information and lack of openness raises concerns and may indicate warning signs that need more research.
Bonus Offers: A Red Flag
To entice new customers, FXGiants advertises a variety of deposit incentives. It is important to understand that these bonuses are company cash rather than funds belonging to clients. Thus, traders may find it difficult to meet the stringent standards associated with these bonuses. Numerous players have encountered annoying circumstances when they are unable to withdraw their money because the bonus requirements have not been met.
Bonuses are not usually given to clients by legitimate brokers as a matter of course. Rather, they concentrate on offering competitive and transparent trading conditions. This begs the question of whether FXGiants is putting its marketing strategies ahead of its clients’ best interests.
Client Feedback and Reviews
When examining client reviews and feedback regarding FXGiants, a mixed picture emerges. Common complaints include issues with withdrawal requests and difficulties in navigating the trading platform.
Many traders have raised concerns about the broker’s responsiveness to queries and issues. A reliable broker should provide timely and effective customer support to assist clients with any challenges they may face during their trading journey. The lack of adequate support from FXGiants has left many clients feeling frustrated and abandoned.
Security Measures
Another critical aspect to consider in this FXGiants review is the security measures in place to protect clients’ funds. Unfortunately, there is limited information available regarding FXGiants’ security measures.
A reputable broker should prioritize the protection of client funds through the segregation of accounts, encryption technology, and comprehensive risk management strategies. The absence of transparent information about these security measures raises further doubts about FXGiants’ legitimacy.
Victim of FXGiants? Contact Scams Report Team:
If you’ve encountered a fraudulent broker like FXGiants, Scams Report can help with fund recovery. Our experts are dedicated to retrieving your lost funds, leveraging a strong track record of success. We offer a free consultation to understand your unique situation and provide personalized advice. If you have a complaint about a fraudulent broker, we’re here to listen and address your concerns.
Please refer to our list of fraudulent Broker 2024 and fraudulent Brokers 2023 to verify whether your broker is legitimate or fraudulent.
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Note: The information provided in the above FXGiants review is derived from existing web FXGiants reviews. Please be aware that we cannot be held liable for any legal action taken by FXGiants company. If you have any inquiries or concerns, kindly reach out to us via email at [email protected].