Compare Amega vs FXGiants
What is Amega? What is FXGiants?
Amega is a forex broker that was established in 2018 and is registered in the Marshall Islands. It offers trading on various instruments, such as forex, metals, crypto, and CFDs, with low spreads, high leverage, and no commissions.
FXGiants is a forex broker that was established in 2015 and is regulated by the FCA in the UK and the FSCA in South Africa. It offers trading on over 200 instruments, such as forex, metals, indices, commodities, futures, and shares, with competitive spreads, flexible leverage, and various account types.
Amega vs FXGiants Regulation Comparison
Amega is not regulated by any reputable authority and does not provide any investor protection or compensation scheme. FXGiants is regulated by the FCA in the UK and the FSCA in South Africa, which are both well-known and respected regulators that ensure high standards of conduct and security for traders.
FXGiants also provides negative balance protection and participates in the Financial Services Compensation Scheme (FSCS) in the UK and the Financial Sector Conduct Authority (FSCA) in South Africa, which can cover up to £85,000 and R500,000 respectively in case of broker insolvency.
Amega vs FXGiants Trading Assets Comparison
Amega offers trading on more than 100 instruments, including 50 currency pairs, 4 metals, 10 crypto pairs, and 40 CFDs on indices, commodities, and stocks. FXGiants offers trading on over 200 instruments, including 80 currency pairs, 17 metals, 6 futures, and 120 CFDs on indices, commodities, stocks, and ETFs.
Amega vs FXGiants Trading Fees Comparison
Amega offers fixed spreads from 1 pip on its Standard account and variable spreads from 0 pip on its Premium account. It does not charge any commissions or fees on deposits or withdrawals.
FXGiants offers fixed spreads from 1.2 pips on its Live Fixed Spread account and variable spreads from 0 pip on its Live Zero Fixed Spread account. It charges commissions of $9 per lot per side on its Live Zero Fixed Spread account and may charge fees on some deposit or withdrawal methods.
Amega vs FXGiants Account Types Comparison
Amega offers two main account types: Standard and Premium. The Standard account has a minimum deposit of $1, a maximum leverage of 1:1000, and fixed spreads from 1 pip. The Premium account has a minimum deposit of $100, a maximum leverage of 1:1000, and variable spreads from 0 pip. Amega also offers swap-free Islamic accounts and PAMM accounts for money managers.
FXGiants offers six main account types: Live Floating Spread, Live Fixed Spread, Live Zero Fixed Spread, STP/ECN No Commission, STP/ECN Zero Spread, and STP/ECN Absolute Zero. The Live Floating Spread account has a minimum deposit of $100, a maximum leverage of 1:30 (for EU clients) or 1:1000 (for non-EU clients), and variable spreads from 1 pip. The Live Fixed Spread account has a minimum deposit of $500, a maximum leverage of 1:30 (for EU clients) or 1:1000 (for non-EU clients), and fixed spreads from 1.2 pips. The Live Zero Fixed Spread account has a minimum deposit of $500, a maximum leverage of 1:30 (for EU clients) or 1:1000 (for non-EU clients), fixed spreads from 0 pip, and commissions of $9 per lot per side. The STP/ECN No Commission account has a minimum deposit of $500, a maximum leverage of 1:200 (for EU clients) or 1:1000 (for non-EU clients), variable spreads from 1.7 pips, and no commissions. The STP/ECN Zero Spread account has a minimum deposit of $500, a maximum leverage of 1:200 (for EU clients) or 1:1000 (for non-EU clients), variable spreads from 0 pip, and commissions of $6 per lot per side. The STP/ECN Absolute Zero account has a minimum deposit of $500, a maximum leverage of 1:200 (for EU clients) or 1:1000 (for non-EU clients), variable spreads from -0.3 pip, and commissions of $3 per lot per side. FXGiants also offers swap-free Islamic accounts and VIP accounts for high-volume traders.
Amega vs FXGiants Deposit Options Comparison
Amega offers a wide range of deposit and withdrawal options, such as wire transfer, credit/debit cards, Skrill, Neteller, Perfect Money, WebMoney, FasaPay, Bitcoin, and more. It does not charge any fees on deposits or withdrawals and processes them within 24 hours.
FXGiants offers a limited range of deposit and withdrawal options, such as wire transfer, credit/debit cards, Skrill, Neteller, UnionPay, and Trustly. It may charge fees on some methods and processes them within 1-5 business days.
Amega vs FXGiants Trading Platforms Comparison
Amega offers both MetaTrader 4 and MetaTrader 5 as its trading platforms. MetaTrader 4 is the most popular and widely used platform in the forex industry, offering advanced charting tools, technical indicators, automated trading, and customizability. MetaTrader 5 is the newer and more advanced version of MetaTrader 4, offering additional features such as more timeframes, more order types, more indicators, an economic calendar, and a built-in market of trading products.
FXGiants offers only MetaTrader 4 as its trading platform. It provides the platform in various versions, such as desktop, web, mobile, and tablet. It also offers some additional tools and services, such as VPS hosting, PMAM (multi-account manager), AutoTrade (social trading), and widgets (market data and analysis).
Amega vs FXGiants Analytical Tools Comparison
Amega does not offer any analytical tools or educational resources on its website. It only provides a basic economic calendar and a market news section.
FXGiants offers a range of analytical tools and educational resources on its website. It provides a comprehensive economic calendar, a market news section, a market outlook section, a technical analysis section, a fundamental analysis section, a trading signals service (powered by Trading Central), a trading calculator, an educational center (with articles, videos, webinars, and ebooks), and a glossary of trading terms.
Amega vs FXGiants. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better or which one you should choose, as different brokers may suit different traders depending on their trading style, preferences, and goals. However, you can consider some of the following factors to help you make an informed decision:
- Regulation and Security: If you value the safety and security of your funds and personal information, you may prefer FXGiants over Amega, as FXGiants is regulated by reputable authorities and provides investor protection and compensation schemes. Amega is not regulated by any authority and does not offer any guarantees for your funds or data.
- Trading Assets and Conditions: If you want to trade a wide range of instruments and markets, you may prefer FXGiants over Amega, as FXGiants offers over 200 instruments, including forex, metals, indices, commodities, futures, and shares. Amega offers only about 100 instruments, mainly forex, metals, crypto, and CFDs. However, if you want to trade with low spreads, high leverage, and no commissions, you may prefer Amega over FXGiants, as Amega offers fixed spreads from 1 pip and variable spreads from 0 pip on its Standard and Premium accounts respectively, with a maximum leverage of 1:1000 and no commissions or fees. FXGiants offers fixed spreads from 1.2 pips and variable spreads from 0 pip on its Live Fixed Spread and Live Zero Fixed Spread accounts respectively, with a maximum leverage of 1:30 (for EU clients) or 1:1000 (for non-EU clients) and commissions of $9 per lot per side on its Live Zero Fixed Spread account.
- Account Types and Features: If you want to have more options and flexibility in choosing your account type and features, you may prefer FXGiants over Amega, as FXGiants offers six main account types with different trading conditions and features, such as VPS hosting, PMAM (multi-account manager), AutoTrade (social trading), and widgets (market data and analysis). Amega offers only two main account types with similar trading conditions and features, such as swap-free Islamic accounts and PAMM accounts for money managers.
- Deposit and Withdrawal Options: If you want to have more convenience and speed in depositing and withdrawing your funds, you may prefer Amega over FXGiants, as Amega offers a wide range of deposit and withdrawal options, such as wire transfer, credit/debit cards, Skrill, Neteller, Perfect Money, WebMoney, FasaPay, Bitcoin, and more. It does not charge any fees on deposits or withdrawals and processes them within 24 hours. FXGiants offers a limited range of deposit and withdrawal options, such as wire transfer, credit/debit cards, Skrill, Neteller, UnionPay, and Trustly. It may charge fees on some methods and processes them within 1-5 business days.
- Trading Platforms and Tools: If you want to use the latest and most advanced trading platform and tools, you may prefer Amega over FXGiants, as Amega offers both MetaTrader 4 and MetaTrader 5 as its trading platforms. MetaTrader 5 is the newer and more advanced version of MetaTrader 4, offering additional features such as more timeframes, more order types, more indicators, an economic calendar, and a built-in market of trading products. FXGiants offers only MetaTrader 4 as its trading platform. It provides the platform in various versions, such as desktop, web, mobile, and tablet. It also offers some additional tools and services, such as trading signals service (powered by Trading Central), trading calculator, educational center (with articles, videos, webinars, and ebooks), and a glossary of trading terms.
Of course, these are not the only factors that you should consider when choosing a forex broker. You should also do your own research and test the brokers yourself before opening a live account with them. You can visit their websites or contact their customer support for more information or clarification.
