Now that the crypto world is booming, investors are looking for the right platform where they can trade in different assets with ease. With the many available online broker firms, it gets difficult to find the most reliable one. GigaFX is one of the online brokers that offer some of the unique and impressive services to its clients.
- Multiple trading instruments
- Ease of account opening
- Advanced trading platform
- Confusion regarding its regulation
- Excess withdrawal time
GigaFX is very strict when it comes to discouraging money launderers from laundering their money. Therefore it has KYC protocol in place so that only the traders who are capable of providing important personal information are allowed to sign up.
The company claims to operate from the EU and has its three head offices in the UK, Estonia and Germany. GigaFX is a company of Four Square International Venture Ltd based in the Commonwealth of Dominica. So a trader should be sure of the fact that he is dealing with an offshore broker. The website of the firm lacks any license or registration number, which means the company is not regulated with any authoritative entity. However, the company has succeeded in expanding its service, and now there is a huge number of traders trading on the platform of the firm from 60 countries.
GigaFX offers many trading instruments to its clients. The firm keeps on adding new trading instruments on its platform so that its clients can take the benefit of the huge crypto market without having to worry about the limitation in trading instruments. The firm works hard to include the popular assets to its index on regular intervals.
GigaFX allows you to trade on indices, precious metal, soft commodities, stocks and cryptocurrencies. Also, it let you take any position you like on these assets. This makes you free to take any advantage of the market you like. GigaFX is one of the few firms offering cannabis stocks, which make it stand out among all its competitors.
Account opening and management
A lot of new traders experience barriers when it comes to signing up with the online broker. However, opening an account with GigaFX is so easy that you can do it in just a few minutes. The company’s basic account is only for the new traders, but it offers the benefits of the advanced account like free education, customer service, big leverages, hedging etc. to its basic account holders. The best feature of the firm is that it allows its clients to enjoy the leverage of 1:200 on their trades.
Deposits and Withdrawals
The firm has kept the minimum deposit limit to EUR 250, which is quite good compared to the other online brokers. GigaFX supports the deposits from many different types of credit cards and also through wire transfer. Also, a trader can make deposits using famous online payment options and wallets.
The time to make the withdrawals is what is not going to impress most of us. The withdrawals take almost 5-15 business days depending on the way you want to withdraw your funds, which is a massive disadvantage of the GigaFX.
The firm is unique in the sense that it offers excellent trading education to its new clients. The training material is accessible to all the account holders. The most impressive part is that the training material that the firm offers is available in different formats so that you can pick up the one that makes the most sense to you. The material is available in ebook format, video format and as webinars. It depends on the user how he takes advantage of such good resources.
GigaFX has already caught a lot of attention from the traders due to its easy to use trading platform and low minimum deposit limit. The great trading condition offered by the firm to its clients is what makes it extraordinary. Furthermore, the company provides a trading platform that can easily be used on any device like mobile, laptop, tablets etc. which makes the trading simple and all-time-accessible for the traders.