Compare NordFX vs FXGiants
What is NordFX? What is FXGiants?
NordFX and FXGiants are both online brokers that offer forex and CFD trading services to clients around the world.
NordFX was founded in 2008 and is based in Vanuatu, while FXGiants was established in 2015 and is headquartered in Bermuda.
NordFX vs FXGiants Regulation Comparison
NordFX is regulated by the Vanuatu Financial Services Commission (VFSC) and the Cyprus Securities and Exchange Commission (CySEC), while FXGiants is regulated by the Bermuda Monetary Authority (BMA) and the Australian Securities and Investments Commission (ASIC).
Both brokers also comply with the Markets in Financial Instruments Directive (MiFID) in the European Union.
NordFX vs FXGiants Trading Assets Comparison
NordFX offers over 100 trading instruments, including 33 currency pairs, 4 metals, 6 cryptocurrencies, and 11 indices.
FXGiants offers over 200 trading instruments, including 50 currency pairs, 17 metals, 5 cryptocurrencies, 8 commodities, and 120 indices.
NordFX vs FXGiants Trading Fees Comparison
NordFX charges variable spreads and commissions depending on the account type and market conditions. The average spread for the EUR/USD pair is 0.9 pips on the Pro account, 1.2 pips on the Zero account, and 2 pips on the Fix account. The commission is $3.5 per lot on the Zero account and $0 on the other accounts.
FXGiants charges variable spreads and no commissions on most account types, except for the Zero Fixed Spread account which has fixed spreads and a commission of $18 per lot. The average spread for the EUR/USD pair is 1.1 pips on the Live Floating Spread account, 1.7 pips on the Live Fixed Spread account, and 0 pips on the Zero Fixed Spread account.
NordFX vs FXGiants Account Types Comparison
NordFX offers four account types: Fix, Pro, Zero, and Crypto. The minimum deposit for each account is $10, $250, $500, and $100 respectively. The maximum leverage for each account is 1:1000, 1:1000, 1:1000, and 1:3 respectively.
FXGiants offers six 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 minimum deposit for each account is $100, $500, $500, $500, $200, and $500 respectively. The maximum leverage for each account is 1:1000, 1:1000, 1:1000, 1:200, 1:200, and 1:200 respectively.
NordFX vs FXGiants Deposit Options Comparison
NordFX supports various deposit and withdrawal methods, including bank wire transfer, credit/debit cards, Skrill, Neteller, WebMoney, Perfect Money, QIWI Wallet, PayToday, NganLuong.vn, Dragonpay.ph, LaoForexBoard.com, FasaPay.co.id FasaPay.com , DusuPay.com , GlobePay.in , ShowPay.net , Jeton Wallet , iTukar.com , Local Bank Transfers (Philippines), Local Bank Transfers (Thailand), Local Bank Transfers (Vietnam), Local Bank Transfers (Malaysia), Local Bank Transfers (Indonesia), Local Bank Transfers (China).
FXGiants supports various deposit and withdrawal methods as well, including bank wire transfer, credit/debit cards, Skrill, Neteller, WebMoney, FasaPay, SafeCharge, Dotpay, China Union Pay, Trustly, GiroPay, Sofort, Przelewy24, Euteller, Bancontact, EPS, iDEAL, QIWI Wallet, and Jeton Wallet.
NordFX vs FXGiants Trading Platforms Comparison
NordFX provides its clients with access to the MetaTrader 4 (MT4) platform for desktop, web, and mobile devices. MT4 is a popular and user-friendly platform that supports multiple order types, charting tools indicators and automated trading via Expert Advisors (EAs).
FXGiants also provides its clients with access to the MT4 platform for desktop web and mobile devices as well as the Personal Multi-Account Manager (PMAM) platform for managing multiple accounts simultaneously.
NordFX vs FXGiants Analytical Tools Comparison
NordFX offers various analytical tools to its clients such as economic calendar market news trading signals and technical analysis.
FXGiants also offers various analytical tools to its clients such as economic calendar market news trading signals technical analysis and market outlook.
NordFX vs FXGiants. Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading goals and risk appetite. However, you can consult some suggestions on how to compare them and make an informed decision.
Some factors that you may want to consider when choosing a forex broker are:
- Regulation and reputation: You should check if the broker is regulated by a reputable authority and has a good track record of providing fair and transparent services to its clients. You can also read online reviews and ratings from other traders to get an idea of their experiences with the broker.
- Trading conditions: You should compare the trading instruments, fees, spreads, commissions, leverage, margin requirements, execution speed, slippage, and requotes offered by the broker. You should also check if the broker supports your preferred trading style, strategy, and platform.
- Customer service: You should test the broker’s customer support channels, such as phone, email, live chat, and social media, and see how responsive, helpful, and professional they are. You should also check if they offer 24/7 support and in your preferred language.
- Education and research: You should check if the broker provides you with useful and updated educational and research materials, such as articles, videos, webinars, ebooks, courses, tutorials, economic calendar, market news, trading signals, technical analysis, and market outlook. These can help you improve your trading skills and knowledge and stay informed of the market trends and opportunities.
- Demo account: You should try out the broker’s demo account before opening a live account. This can help you familiarize yourself with the broker’s platform, features, tools, and trading conditions without risking any real money. You can also test your trading strategies and see how they perform in different market scenarios.
These are some of the suggestions that I can give you. Ultimately, you should do your own research and due diligence before choosing a forex broker. You should also be aware of the risks involved in forex trading and only invest what you can afford to lose.
