Market Giants, with no valid forex license and questionable offshore registration. Despite admitting to lacking a license, they still ask for your trust. Trading with unregulated brokers is a recipe for disaster.
You cannot verify their identity or protect your investments at all. If you are considering using Market Giants’ platform to trade forex, commodities, shares, indices, precious metals, and crypto assets, reconsider and read an impartial review before making a decision. Don’t become a victim of a potential scam, and this Market Giants review is here to help you out.
|Leverage||up to 1:400|
|Headquarters||St. Vincent and the Grenadines|
|Trading Platforms||MetaTrader4 and MetaTrader5|
Market Giants Regulation and Fund Security
In their presentation’s “Regulation” section, they shockingly confess to lacking a valid forex license. Yet, on their homepage, they make bold claims of being a legit Forex and CFDs online broker. They claim that they are authorized worldwide, and follow the guidelines of leading regulatory institutions such as the FCA, ASIC, and CySEC.
However, here’s the catch: there’s no evidence to back up these claims. Why should you trust an unregulated website registered in St. Vincent and the Grenadines anyway?
We question the authenticity of Market Giants’ London address, as there’s no way to verify their identity through official regulatory records. Trusting an anonymous firm with potentially false information is a risky move. Don’t be misled by their grandiose claims. Please always protect your investments by choosing a regulated broker.
Trading Platform Used by Market Giants
Market Giants promises an award-winning platform and mentions popular FX industry standards like MetaTrader4 and MetaTrader5. However, the reality was a different story. We experienced issues registering for a trading account and there was no way to access the platform.
MetaTrader5, on the other hand, is a well-respected platform in the forex world. It has an impressive 4.6-star rating and over 10 million downloads on Google Play, as well as a 4.7-star rating and 16,500 reviews on the Apple App Store.
This platform offers all the typical features you need, like real-time quotes and a full range of trade orders, including pending orders. What’s more, there’s the algorithmic trading option, allowing you to run automated trading sessions with bots.
Account Types Available
At first glance, Market Giants sounds like the ultimate solution for all your trading needs. It offers over 1000 trading instruments across five asset classes, including FX pairs, commodities, shares, indices, and crypto.
They promise competitive spreads, leverage up to 1:400, generous bonuses, and a variety of trading accounts. Yet, here’s the catch: Market Giants is not a regulated broker and their legitimacy is questionable. Before investing, it’s wise to make sure you’re working with a trusted and regulated entity to protect your money.
Market Giants Deposit and Withdrawal Process
Apparently, this broker lets you deposit through VISA, Mastercard, and wire transfers. Yet, depositing through traditional methods like VISA or Mastercard offers a safety net. If you think you’ve been scammed, you can file for a chargeback with your bank.
On the other hand, depositing through cryptocurrency can be a risky move as transactions are hard to follow. The minimum deposit amount is reportedly $300. When dealing with fake entities like Market Giants, please be cautious and think about all the risks involved.
How Does the Scam Implement?
Be cautious when trading as there is a risk of losing money, especially if you’re a beginner. Do thorough research before choosing a broker. This is what even experienced traders do when working with reputable brokers.
Watch out for fraudulent websites posing as brokers and making false promises of easy profits. No matter what, always try to only invest with legitimate brokers. These scammers often lure you in with promises of big returns for tiny investments and may encourage you to deposit more, resulting in your money disappearing. They operate under fake identities, making it impossible to hold them responsible. Try not to fall into the trap of quick profits.
The Best Forex Brokers
As a trader, it’s essential to choose a broker you can trust. This is a fact! With so many options on the market, it can be overwhelming to decide which one is the right fit for you.
That’s why we’ve put together a list of the most reliable forex brokers in the industry. These have a proven track record of providing fair and legit services to their clients. Are you a seasoned trader or just starting out? It doesn’t matter because the following brokers are safe for everyone!
|FXTM Broker||Cyprus, UK, Mauritius||4.5||$10||Forextime.Com|
|OctaFX Broker||Cyprus, SVG||4.4||$100||OctaFX.Com|
|FP Markets Broker||Australia, Cyprus||4.7||$100||FpMarkets.Com|
|XM Broker||Cyprus, Belize, Australia||4.7||$5||XM.Com|
|HFM HF Markets Broker||Cyprus, UK, South Africa, UAE, Kenya||4.3||$5||HFM.Com|
|FBS Broker||Cyprus, Belize, Marshall Islands||4.85||$100||FBS.Com|
Market Giants Summary
Steer clear of Market Giants. This is a scammy forex broker that poses a threat to your finances. This site lacks credibility from the get-go. They don’t have valid licenses and show no proof of financial stability whatsoever.
To make matters worse, they are based in the infamous tax haven of Saint Vincent and the Grenadines. Don’t risk using their services. Protect your assets and only deal with reputable, legit companies.
FAQs About Market Giants Broker
Is Market Giants a Legitimate Broker?
No, Market Giants is not a legit forex broker. There are many issues, such as their lack of licensing and offshore registration in a known tax haven.
What are the Funding Methods at Market Giants?
Market Giants claims to offer funding options such as VISA, Mastercard, and wire transfers. Yet, the safety of your funds with this firm cannot be guaranteed.
Is my Money Safe with Market Giants?
No, your money is not safe with Market Giants. Given their lack of regulation and many complaints, there is a risk of losing your cash with them.