GigaFX Review

The crypto world is expanding, and more crypto exchanges are cropping up every day. The crypto exchanges are the place where you can buy, sell and exchange the cryptocurrencies for other traditional currencies like dollars or pounds. For the people who want to trade professionally, advanced trading tools are needed. GigaFX is one such platform where you can invest and trade freely to earn the profit.

GigaFX has made its good reputation in the crypto world. The broker offers a great trading experience to its clients, along with providing complete market analysis through its advanced trading tools. The company has successfully attracted the attention of many investors from over 60 countries.

Pros:

  1. High leverage
  2. Variety of trading instruments
  3. Commission-free trades

Cons:

  1. Takes a lot of time to transfer the funds
  2. Unregistered entity

Reliability

The firm provides its services in more than 60 countries, which increase its credibility. The firm discourages illegal entities from signing up on its platform. The anti-money laundering policy of the broker prevents the money launderer from opening the account on the website. In addition, the firm has strict KYC norms to identify the clients signing up with the platform. The strict policies on which the online broker works makes this firm one of the most reliable broker services.

Trading platform 

GigaFX offers a lot when it comes to trading tools. They provide MT4, web and mobile trader to its clients for trading. The advanced tools that the firm offers are quite good. The trading platform looks well-structured, intuitive and neat. The web trader let you have the same trading experience irrespective of the devices that you are using. The mobile application also adds up to user convenience.

Multiple accounts

Most of the online brokers offer a limited number of accounts, but GigaFX stands out because it allows a user to choose from multiple accounts. GigaFX offers a basic account specifically for novice traders. Such accounts are easy to open, with only a little deposit amount. However, the account is devoid of premium features, but features like free education, hedging, big leverages, customer services etc. are available with even the basic account.

Education

For anyone who is a novice in trading, education is a must. GigaFX offers educational material to its user in the form of webinars, videos and articles. However, you will first have to sign up with GigaFX to get access to the webinars.

Trading instruments

GigaFX offers trading in over 50 forex pairs and CFDs like gold, palladium, oil, platinum, stocks, indices and cryptocurrencies including Bitcoin, Dash, Ripple, Ethereum, Bitcoin Gold, Litecoin, Ethereum classic, Verge, Cardano, Stellar, Monero, Swisscoin, NEM, Bitcoin Cash ABC, Bitcoin SV, Lisk, Qtum. In addition, the firm is also offering CFDs on cannabis companies like GW Pharmaceuticals, Aurora Cannabic Inc, Tilray Inc, Cronos Group Inc and other budding companies in similar sector.

The leverage

Looking at the account options displayed, the maximum leverage amount is 1:200. The company claims to be compliant with the ESMA regulations. However, ESMA put restrictions on the leverage that the compliant firm offers. It doesn’t allow leverage of more than 1:30 on currency pairs. As GigaFX offers very high leverage, it makes us think if the firm is actually compliant to MiFID frameworks.

Easy Withdrawals and deposits

With GigaFX, withdrawals and deposits are easy. The company allows you to deposit the money using different types of credit cards and bank wire transfer. The minimum deposit amount is EUR 250, which is okay considering the industry standards. The duration of withdrawal depends on the amount you want to withdraw and mode of withdrawal. The time duration that GigaFX takes to withdraw the funds is comparatively high than the other online brokerage firms.

Customer support

GigaFX pays a lot of attention to its customer service. There are all the available channels and modes for the traders to get in touch with the customer support team. A user can even call to any of the given three numbers of different countries- UK, Germany and Estonia. It also allows its user to write an email to the company. The company has also mentioned its physical address on its website, which makes it easy to contact them, and this also shows that the company is a legitimate entity.

It really doesn’t matter if you are an experienced or a novice trader, GigaFX is a decent trading platform for all. The online brokerage firm has the best trading platform, and it is known to present the convenient trading conditions for the traders. The customer support is exceptional, and managing the account is also easy. Looking at what the firm is offering, we can say that it is doing an excellent job in delivering the extraordinary trading experience to its traders all around the world.

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GigaFX
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