Compare MTrading vs FXGiants
What is MTrading? What is FXGiants?
MTrading is a broker that provides trading services for commodities, cryptocurrencies, indices, and forex markets. It is operated by MTrading Ltd, a company registered in Saint Vincent and the Grenadines. FXGiants is a broker that offers trading services for forex, metals, indices, commodities, and stocks. It is a trade name of Notesco Limited, a company registered in Bermuda.
MTrading vs FXGiants Regulation Comparison
MTrading is regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines with the license number 43483. FXGiants is regulated by the Bermuda Monetary Authority (BMA) with the license number 51491. Both brokers are also members of the Financial Commission, an independent dispute resolution organization.
MTrading vs FXGiants Trading Assets Comparison
MTrading offers over 100 trading instruments, including 40 currency pairs, 5 cryptocurrencies, 13 commodities, and 50 indices. FXGiants offers over 200 trading instruments, including 80 currency pairs, 6 metals, 17 commodities, 26 indices, and 120 stocks.
MTrading vs FXGiants Trading Fees Comparison
MTrading charges variable or fixed spreads depending on the account type. The average spread for EUR/USD is 1.0 pips for the Live Floating Spread account, 1.2 pips for the Live Fixed Spread account, and 0 pips for the Live Zero Fixed Spread account (with a commission of $9 per lot per side). FXGiants also charges variable or fixed spreads depending on the account type. The average spread for EUR/USD is 1.1 pips for the Premium account, 1.2 pips for the Fixed Spread account, and 0 pips for the Zero Fixed Spread account (with a commission of $9 per lot per side).
MTrading vs FXGiants Account Types Comparison
MTrading offers six account types: Live Floating Spread, Live Fixed Spread, Live Zero Fixed Spread, Demo Floating Spread, Demo Fixed Spread, and Demo Zero Fixed Spread.
FXGiants offers six account types: Premium, Fixed Spread, Zero Fixed Spread, STP/ECN No Commission, STP/ECN Zero Spread (with a commission of $6 per lot per side), and STP/ECN Absolute Zero (with no commission but a markup on spreads).
MTrading vs FXGiants Deposit Options Comparison
MTrading supports various deposit and withdrawal methods, such as bank cards, e-wallets, local banks, and wire transfers. It does not charge any fees for deposits or withdrawals.
FXGiants also supports various deposit and withdrawal methods, such as bank cards, e-wallets, local banks, and wire transfers. It does not charge any fees for deposits but may charge fees for withdrawals depending on the method.
MTrading vs FXGiants Trading Platforms Comparison
MTrading provides clients with MetaTrader 4 (MT4), a popular trading platform that offers advanced charting tools, indicators, expert advisors, and automated trading options. MT4 is available for desktop, web, and mobile devices.
FXGiants also provides clients with MT4 as well as MetaTrader 5 (MT5), a newer version of the platform that offers more features and functionalities. MT5 is available for desktop and web devices.
MTrading vs FXGiants Analytical Tools Comparison
MTrading offers various analytical tools to help clients make informed trading decisions, such as market news, economic calendar, trading signals, technical analysis reports, and webinars.
FXGiants also offers various analytical tools to help clients enhance their trading performance, such as market news, economic calendar, trading signals, technical analysis reports, webinars, and educational materials.
MTrading vs FXGiants. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is a personal decision that depends on your trading preferences, goals and risk appetite. There is no definitive answer as to which broker is better, as different brokers may suit different traders. However, you can review some comparisons and general considerations that can help you make an informed choice.
However, there are also some differences between the two brokers that may affect your trading experience and results. Here are some of the main aspects that you may want to compare and consider:
- Trading Assets: FXGiants offers more trading instruments than MTrading, including metals, stocks, and more currency pairs. This may give you more opportunities and diversification in your trading portfolio. However, MTrading offers cryptocurrencies, which FXGiants does not. This may appeal to you if you are interested in trading digital assets with high volatility and potential returns.
- Trading Fees: Both brokers charge variable or fixed spreads depending on the account type. The average spreads for EUR/USD are similar for both brokers, but FXGiants charges lower commissions for the zero spread accounts than MTrading. This may reduce your trading costs and increase your profits. However, FXGiants may charge fees for withdrawals depending on the method, while MTrading does not. This may affect your convenience and flexibility in managing your funds.
- Account Types: Both brokers offer six account types with different features and requirements. FXGiants offers more options for STP/ECN accounts, which may provide you with better execution speed, liquidity, and transparency. However, MTrading offers demo accounts for all account types, which FXGiants does not. This may allow you to test and practice your trading strategies with different conditions before risking real money.
- Trading Platforms: Both brokers provide clients with MetaTrader 4, but FXGiants also provides clients with MetaTrader 5, a newer version of the platform that offers more features and functionalities. This may enhance your trading performance and efficiency with more tools and options. However, MetaTrader 5 is only available for desktop and web devices for FXGiants clients, while MetaTrader 4 is available for desktop, web, and mobile devices for both brokers’ clients. This may affect your accessibility and convenience in trading from different devices.
- Analytical Tools: Both brokers offer various analytical tools to help clients make informed trading decisions, such as market news, economic calendar, trading signals, technical analysis reports, and webinars. However, FXGiants also offers educational materials, such as articles, videos, e-books, tutorials, and glossary. This may help you improve your trading knowledge and skills with more learning resources.
As you can see, there are pros and cons for both brokers that you may want to weigh carefully before choosing one. You may also want to do your own research and due diligence on the brokers’ websites or other sources to verify their credibility and reputation. Ultimately, the best broker for you is the one that meets your trading needs and expectations.
