Compare SimpleFX vs FXGiants
What is SimpleFX? What is FXGiants?
SimpleFX is a free trading and investing app that allows users to trade and stake with no fees and no minimum deposits. Users can trade Bitcoin, Ethereum, Tesla, NDX100, USOIL and more, as well as buy and sell cryptocurrencies and other assets from anywhere. SimpleFX also offers a web trader app and a mobile trading app for iOS and Android devices.
FXGiants is an online trading platform that offers competitive trading conditions and excellent support for its customers. Users can trade forex, metals, indices, commodities, futures and shares with low to zero commission rates according to their account types. FXGiants also provides various bonuses and promotions for its clients, as well as a range of trading platforms, including MetaTrader 4, PMAM and VPS hosting.
SimpleFX vs FXGiants Regulation Comparison
SimpleFX is regulated by the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA) under the number 21380042B8QJ87V4HA89. SimpleFX also complies with the General Data Protection Regulation (GDPR) and the Anti-Money Laundering (AML) policies.
FXGiants is regulated by the Financial Conduct Authority (FCA) in the UK under the number 585561. FXGiants also follows the Markets in Financial Instruments Directive (MiFID) and the European Securities and Markets Authority (ESMA) regulations.
SimpleFX vs FXGiants Trading Assets Comparison
SimpleFX offers over 200 trading instruments, including forex, cryptocurrencies, indices, commodities, stocks and ETFs. Users can trade with up to 500x leverage on some assets.
FXGiants offers over 200 trading instruments, including forex, metals, indices, commodities, futures and shares. Users can trade with up to 1000x leverage on some assets.
SimpleFX vs FXGiants Trading Fees Comparison
SimpleFX does not charge any commissions or fees on trading or staking. Users only pay the spread, which is the difference between the bid and ask prices of an asset. The spread varies depending on the asset and market conditions. For example, the average spread for EUR/USD is 1.0 pips.
FXGiants charges different commissions and fees depending on the account type and the asset. For example, the Live Zero Fixed Spread account charges $9 per lot per side for forex trading, while the Live Fixed Spread account does not charge any commission but has a higher spread of 1.2 pips for EUR/USD. FXGiants also charges swap fees for holding positions overnight, as well as deposit and withdrawal fees for some methods.
SimpleFX vs FXGiants Account Types Comparison
SimpleFX only offers one account type for all users. Users can create an account using just an email address or a social media account. Users can also choose from various base currencies for their accounts, such as USD, EUR, GBP, BTC, ETH and more.
FXGiants offers six account types for different levels of traders: Live Floating Spread, Live Fixed Spread, Live Zero Fixed Spread, STP/ECN No Commission, STP/ECN 0 Spread and STP/ECN Absolute Zero. Each account type has different minimum deposit requirements, spreads, commissions, leverage ratios and other features.
SimpleFX vs FXGiants Deposit Options Comparison
SimpleFX offers various deposit and withdrawal options for its users, such as bank transfers, credit cards, e-wallets and cryptocurrencies. Users can deposit and withdraw funds effortlessly with no limits or fees from SimpleFX. However, some methods may incur fees from third-party providers or banks.
FXGiants also offers various deposit and withdrawal options for its users, such as bank transfers, credit cards, e-wallets and cryptocurrencies. Users can deposit funds instantly with most methods, but withdrawals may take up to 5 business days to process. Some methods may also have minimum or maximum limits or fees from FXGiants or third-party providers or banks.
SimpleFX vs FXGiants Trading Platforms Comparison
SimpleFX provides its own web trader app and mobile trading app for its users. The web trader app is a fast and intuitive trading tool that works on any device and browser. The mobile trading app is available for iOS and Android devices and allows users to trade on the go with full functionality.
FXGiants offers several trading platforms for its users, including MetaTrader 4, PMAM and VPS hosting. MetaTrader 4 is the industry standard for online trading, with advanced charting, technical analysis, automated trading and more. PMAM is a multi-account manager that allows users to manage multiple accounts and portfolios with ease. VPS hosting is a virtual private server that ensures fast and secure execution of trades.
SimpleFX vs FXGiants Analytical Tools Comparison
SimpleFX provides various analytical tools for its users, such as trading ideas, news, blog, trading academy and widgets. Trading ideas are user-generated content that share insights and opinions on various assets and markets. News are curated articles that cover the latest events and trends in the financial world. Blog is a source of information and education on trading topics and strategies. Trading academy is a collection of tutorials and videos that teach users how to trade with SimpleFX. Widgets are customisable tools that display live prices, charts, news and more on any website or blog.
FXGiants also provides various analytical tools for its users, such as economic calendar, market news, market analysis, trading signals and calculators. Economic calendar is a tool that shows the upcoming economic events and indicators that may affect the markets. Market news are updated articles that cover the latest developments and movements in the financial world. Market analysis are reports and forecasts from FXGiants’ experts and analysts on various assets and markets. Trading signals are recommendations and alerts on potential trading opportunities based on technical and fundamental analysis. Calculators are tools that help users calculate various aspects of their trades, such as margin, pip value, swap and more.
SimpleFX vs FXGiants. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that can affect your trading experience and results. There are many factors to consider, such as regulation, trading assets, trading fees, account types, deposit and withdrawal options, trading platforms, analytical tools and more.
SimpleFX and FXGiants are two online trading platforms that offer different features and services for forex traders. Both brokers have their own advantages and disadvantages, depending on your preferences and needs. Finally, the best forex broker for you depends on your personal preferences, trading style, goals and needs.
