Note: Forex Giant broker's website is unreachable. The broker is out of business.
Forex Giant is Non Dealing Desk forex broker with ECN trading platform X-Trading Pro. The broker stands by its quality, stability, speed of execution and interface intuitiveness. At the moment the broker is available only in two languages – English and Japanese.
Trading Platforms and Trading Conditions Review
X-Trading Pro is a powerful ECN platform interface linked to major banks institutions, providing high liquidity in all market conditions. The platform focuses on speed of execution, scalability and overall functionality to create superior services and trading support.
Overall advantages of this particular platform are wide range of analytical tools with more than 70 indicators, direct access to liquidity from known providers with low spreads and high trade volumes. Execution of deals are from 0,2 seconds with minimal slippage in stop-orders.
The platform is also available in mobile form for you to trade anywhere as long as there is internet connection.
X-Trading Pro doesn’t require any software installation and runs on Java with encrypted internet connection.
Well-known MetaTrader 4 platform is available with this broker and reviews its features as user-friendly and advanced. With MetaTrader 4 you have access to technical analysis and powerful charting with Expert Advisors to help you develop the best strategies possible.
MetaTrader 4 Client Terminal has been created to provide trade operations and technical analysis in real time mode with Forex.
MetaTrader 4 is available in many languages and offers unlimited charts quantities. Reviewed as one of the most wanted trading platforms, MetaTrader 4 brings you large amount of technical indicators and scripts to improve your trading skills.
MetaTrader 4 is a powerful platform with possibility of multiple accounts, pre-defined order allocations, management of opening positions and pending orders in one easy-to-use interface.
All that being said, you have 2 account types – live and demo, where live account takes about 1 business day to be activated, provided that you have given all the necessary documents and made the initial deposit.
Demo account is available on both platforms and in order to get one you have to fill in the form on the broker’s website. Once the form is filled, you get a link to download the platform.
Minimum deposit for trading on X-Trading Pro or MetaTrader 4 trading platforms is USD 5,000, which is one of the highest minimum deposit requirements among brokers that we have reviewed on our site.
Withdrawing funds requests have to be submitted before 1pm AEST in order to be processed on the same day, otherwise the approval takes 24 hours.
The broker allows profit withdrawals only by bank transfers. Funds can only be sent to credit cards if the initial deposit was in the last 20 days. If not, only bank transfer is available. There is credit card fee of $5.
Overall review of payment methods and withdrawal process concludes that the broker makes it very difficult for the trader to withdraw the money, doesn’t provide any alternative options beside wire transfer and exaggerates with the minimum deposit requirement.
When you are navigating through the broker site, there is a “contact us” section where only feedback form is available. The broker doesn’t list a phone number, email or physical address.