FXGiants
Questions & Answers

Not really, I don't think so. First of all, you need to trade on a demo account with this broker, especially if you see this company for the first time. That will save you from unnecessary money spendings in case this broker won't fit you.

Better to ask them directly via email or support in the live chat. For me the reason for their multi account variety is simply, a try to suit more traders. Every trader has its unique time to trade. Scalpers need more predictability, since spreads might widen too much on smaller timeframes they execute their trades. Day traders need just tight spreads. Swing traders would better avoid commissions and swaps. That’s 6 accounts, that’s why there are different execution systems. Standard for someone who doesn’t care much, just deliver my trades to the market. ECN for faster, less costly execution for someone who values trading costs: scalpers, algo traders, volume traders. Isn’t it great to have a choice, not a single account…

Most would probably say Live zero spreads, for obvious reason, but for me, its definitely STP/ECN zero spread. I trade high-frequency, and that is specifically built for that. If you daytrade, dont go STP/ECN probably, not much reason for you, and you get less leverage (only 200x max for STP/ECN here). Live accounts can also get join rewards, while others cant. So if you just chill daytrade, I would choose any of the 3 live options tbh.

I think it’s a flexible broker actually the reason why they grab the interest. Many account that they have can be suitable for many traders, since many trading style are got covered. For example, live floating spreads accs for beginners who requires more of leverage and bonuses. Fixed spread account for someone who trades big volumes with less leverage. For the number they’re quite industry standard. Floating spreads around 1 pip and commission $3.75 at lowest per one side. Leverage 1000 at max. But the flexibility to choose something exactly for you this what makes their trading conditions special

I'd say these characteristics involve low spreads on the ECN account! I also like the low leverage and the platform design but major part is the possibility to trade low spreads

Like with any other vps service, everywhere. I can’t say exactly for this one, because it’s more or less similar to industry standard. What is capable of. Well, the main purpose is to make more stable connections, to ensure no disruptions in trading process and orders processing. Shortly and in more simple words, you’re insured from the unexpected and if the broker has VPS, it is better to use this opportunity. Still, it’s more for pros that do scalps mainly. Even $5k to have on account to be eligible for free VPS, is the sign for it.

Honestly, i dunno, it depends on your trading preferences and what strategies you use. It would take many hours to explain what is the main difference between them but i can share what trading account I chose. I'm trading on a live zero fixed spread account and the fact that I hate trading with wide spreads, that's why I chose this one, it allows me to trade with very tight spreads even during a high volatility. Yeah, 9$ per lot per trade can seem kinda expensive but I would rather pay such commissions than trading with wide spreads.

Live accounts have instant execution which includes the use of requotes, while STP/ECN accounts have market execution without requotes. In addition, there is a difference in spreads due to the different liquidity provider. There are 3 advantages to using live accs: 1- Brokers can give fixed spreads, making costs more predictable (and also smaller) for the trader. 2- Commissions/fees for trading also more advantageous. 3- The broker has greater flexibility in offering additional features like bonuses, promotions, and leverage options. You can see all of this in effect: STP/ECN have only 1:200 leverage, while live have up to 1:1000. Commissions/spreads also lower, and there are also no bonuses on STP/ECN account types so...

Yes, this broker provides access to several trading accounts, some of them has STP/ECN order execution which is considered to be fast. So, I have no troubles with it.