FXGiants Review (2023)

Is FXGiants a scam or a legit broker?

FXGiants is not safe and secure broker. While we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.

FXGiants is a trade name of Balvento Limited, a registered company in Bermuda, however, which is by fact is the subsidiary of the Brokerage group that was affected by negative reputation and establish a company under the new brand name. Registration Address/ License: Bermuda, Cyprus, Australia, UK Regulated by CySEC – no. 125/10; ASIC – no. 417482; FCA – no. 585561.

The parent of FXGiants group brokerage headquarters is located in Cyprus under the name of an IronFX Global Ltd and operated under the same entity names and registration numbers, that good to mention changed several times.

The company changed names while the cases with a number of clients that claimed IronFX for abuse of money withdrawals as well as promotions appeared and spread around the publicity (Don’t forget to check zero spread forex brokers).

The shifts of brands and subsidiaries of the company emerged in various jurisdictions while targeting to attract new customers under the fresh names.

“IRONFX GLOBAL (AUSTRALIA) PTY LTD changes entity name to GVS (AU) PTY LTD, with the business names FXGiants, IronFX, FXDD” ASIC, 2016 The new model of operation supposes to align the obligations and the interests of all parties.

Despite that and the fact that the company holds registration licenses from respected authorities in Cyprus, UK, Australia, South Africa and more, the customers can’t expect an improvement within the provided operational standard of FXGiants, especially client handling. At the same time, a number of legal cases were filed against the parent company when finally the CySEC authority settled the fine to the company.

Even though that the group of companies still trying to settle an online brokerage operation at the decent level, it is better to avoid investment and engagement in trading with FxGiants and its affiliated companies.

Safety of funds and reliable trading conditions are always first, for that reason traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as BDSwiss and BlackBull Markets.

You can also share your trading experience with FxGiants by commenting on this review.