Are you thinking of starting your career in trading just like many others around the world. The fact that one can be trading in several financial markets from home has made millions of people take interest in trading stocks, foreign, currencies, commodities, and other financial instruments. While an extra and steady source of income does not hurt anyone, it requires some effort for you to have one. Trading is as simple as buying certain financial instruments and then selling them for profits. However, within this simple process, there is a lot for you to learn. If there wasn’t, everyone would be trading stocks for foreign currencies today.
For you to trade from home, the first is step is to find the right broker. The broker will provide you with a comprehensive platform with all the tools that you will need during your trades. That’s where things start to become a bit challenging. You can’t select the first broker you see. Some research and comparisons are crucial for picking the right broker. Or if you want to simplify the process, pick one that has proved to be one of the best already. Take GigaFX for example. Let’s do a detailed GigaFX review to know what makes it a better broker than many others.
What Does GigaFX Do?
Like any other online broker, GigaFX is the bridge that gives you the access to many financial markets and hundreds of financial instruments. It is a company that gives you the software, which is called the trading platform, for you to execute trades. Within this trading platform, you can view all the tradable instruments, their values, real-time charts, price prediction tools, and much more. The trading instruments you see on GigaFX are not owned by the broker. They are available on the market. The job of the broker is only to give you the platform and provide some additional services to help you trade successfully.
The final decisions are always yours. Of course, you can take advantage of services like hedging, leveraging, etc. to be able to make better profits on your trades. In order for you to trade through GigaFX, you first have to create your account by providing your personal details. You then have to fund your account to control any trades. The platform is not limited to a certain region. In fact, traders from all around the world can use GigaFX trading platforms to buy and sell stocks, commodities, currencies, Etc.
Is GigaFX a Legitimate Company?
The first thing that most traders want to ask is if the company is legit. That’s the right question to ask and there are many ways to prove that GigaFX is a legitimate company. The owner company has a proper license with the license number available on the website for any interested traders to see. In addition to that, the physical address of the company is also available on the website. Keep in mind that one of the signs of illegitimate companies is that they don’t have a physical address and a point of contact.
What’s more important is to know that there are other customers like you who use the GigaFX platform for trading. You will be happy to know that the company has its traders using its platform from more than 75 countries of the world. Having more than 46,000 active traders is quite an achievement for any online broker and GigaFX has already crossed this mark. The more you explore the website, the more you realize that GigaFX not only considers itself accountable for responsible behavior, but it does not accept irresponsible trading from its traders either.
What Can You Trade on GigaFX?
When you go to other online brokers’ websites, you see that they have a very limited number of assets for you to trade. It can be disappointing for new and old traders. The new traders want to pick an asset that is easy to trade and requires less skill to predict price movement. In short, they want a lot of choices. On the other hand, experienced traders want more choice because they are always looking for ways to diversify their portfolio. It helps them have an impressive portfolio, but more importantly, it allows them to control their losses significantly.
There is a huge variety of financial assets that you can trade on GigaFX. Starting from the foreign currencies, you have not only the major eight currency pairs but the rare ones too. If you think you can take advantage of the volatility of uncommon currency pairs, you can definitely find a pair on GigaFX. Some of the rare currency pairs that you can trade on the platform include EUR/SEK, USD/DKK, EUR/PLN, USD/NOK etc. You don’t usually find these currency pairs on most other brokers. In addition to that, you have some of the world’s biggest indices available for trade, including but not limited to DOW, NASDAQ, DAX, FTSE, etc.
If you want to do some affordable metal trades, you can pick silver or copper for trading. However, if you want to target the more precious metals, you have platinum and gold available as well. Other commodities include wheat, orange, cocoa, coffee, etc. Stocks of all the big companies of the world are available for trade. How much you stay in the know of these companies can decide your profitable trades. For someone who is active in the technology world, there are stocks of Microsoft, Google, Apple, Nokia, Sony, Twitter, etc. For a person who knows more about automobiles, the stocks of Toyota, BMW, Ferrari, Tesla, etc. are available too.
The most important of all is the next generation of investors. These are the investors who are experiencing the disruptions in the investment landscape. These are the people who own cryptocurrencies. If you have been looking for ways to profit from your digital coins, trade them on GigaFX for dozens of other fiat currencies. In short, you have such a wide range of financial assets available that it will be hard to find one that is not available. So, you can say that GigaFX is a platform for not only new traders but experienced ones as well.
Does GigaFX Have Metatrader 4 Platform?
Metatrader 4 or MT4 when written shortly has become quite an industry standard. When you go to the website of a broker, the first thing it will boast about is giving you the access to MT4. GigaFX has the Metatrader 4 platform available as well. You download it on your computer and start trading. It has all the tools and functions that help you with trading available. However, GigaFX goes a step further and offers you so much more than this platform. The broker has its own mobile application as well.
This mobile application is available on the two major platforms i.e. Android and iOS. Whether you use Apple iPhones or one of the many Android phones, you take a look at market conditions and trade when you find the best opportunity on the go. Better yet, you have the web trader option available as well. If you are someone who does not like the idea of downloading things on your device for the purpose of safety, web trader is the platform for you. It is a web-based trading platform giving you access to all the stocks, indices, commodities, and currencies that are available to you on a mobile application or Metatrader 4.
You will love the fact that even the web based platform is optimized for today’s devices. It is not that you will have a completely different experience of the web trader if you move from a desktop computer to a mobile device. In fact, the transition is smooth and you will feel equally efficient on your mobile device as well. However, when you try to open the web trader platform on your mobile device, you will be required to sign up. You can register on the website without paying anything so that should not be a problem for you.
Does GigaFX Have a Special Cryptocurrency Promotion?
That’s something you will find exclusively on GigaFX. With most other brokers, you might not find the option of trading cryptocurrencies. One of the reasons why they don’t offer this feature is because cryptocurrencies have not been accepted around the world. Some of the cryptocurrencies might not even be safe legally i.e. financial regulatory bodies might crack down on them. However, it does not mean that the safe cryptocurrencies should not be available either. GigaFX gives you access to dozens of cryptocurrencies and you can trade them with other fiat currencies.
However, the most important thing is the promotion from GigaFX. There is the Bitcoin raffle promotion on GigaFX that’s definitely something other brokers might not even have thought of offering. Once you have created an account on the website and started trading frequently, you just have to keep trading to be a part of the raffle. There is no number for you to choose. Your active participation in trading on GigaFX is enough to be a part of the raffle. Every month, the broker picks the account of one user randomly. This user qualifies to receive 1BTC for their activity on the website
At first, it might seem that 1BTC is not a big reward. However, you will be surprised to know that at the time of writing this GigaFX review, 1BTC is equal to $4,285. With that money and some leverage from the broker, you can definitely control trades that would be impossible otherwise with the funds you have in your account. Nonetheless, who hates free money?
How Do You Start Trading on GigaFX?
Before you start trading on GigaFX, you have to pick an account type. These account types have been designed by the broker to cater to the needs of different types of traders. If you are a new trader and don’t have a lot of money to put in your account, you can just go with the starter package. The starter account can be started with a small deposit of $250. Once you have that money in the account, you can go for bigger trades and amplify your profits. How can you do that? You can do that by taking advantage of the leverage from GigaFX.
With many financial instruments, you can qualify for a 1:200 leverage. Imagine the size of the trade you can control with just $200 when you have 1:200 leverage available. The best thing is that the spreads are fixed but very tight. You have access to all the mobile, web-based, and desktop platforms for trading your favorite financial asset. Forex news is also available with this package. If you want to start a bit bigger, you have the silver account with a minimum deposit of $5,000. The features of this account are pretty much identical to those of the starter account. The additional feature in it is the webinars.
By depositing a minimum of $20,000, you can go for the gold account and take advantage of one-on-one training if you are new to trading. You will also receive daily market alerts with this package. These alerts help you make the right decision at the right time so you can make profitable trades. The gold account also gives you 40% discounts on your swap trades. On the other hand, there is a 60% swap discount if you go with the platinum account. To start that account, you have to deposit a minimum of $50,000. You get an expert advisor, floating spreads, and additional bonuses with this account. In a nutshell, GigaFX has an account for every type of trader.
Is There Any Training Available for Traders?
The interest in trading has been increasing in the recent times. People who are approaching their retirements believe they can make their post-retirement lives better by investing some portion of their money in trading. On the other hand, there are young individuals who want to trade in the stock and foreign exchange market because they want to go away from the regular nine to five jobs. However, your age does not matter when it comes to trading. You have to make sure that you learn at least the basics of trading before putting your money on the line.
The best thing is that there is plenty of training available from GigaFX. This training is available for you regardless of the type of account you pick. The basic training comes with every package so you can at least familiarize yourself with the basic workings of the financial markets. There is detailed training available as well. As mentioned earlier, you get access to one-on-one training when you pick the gold package. One-on-one training with a professional from the market is something that can help you understand everything quite quickly. With the platinum account, you have a personal trainer with you as well.
The training material from GigaFX is available in all the helpful formats. If you like to take your time while learning, you can go with the ebooks. They will explain to you how the markets work and what you have to do to make profitable trades. In addition to that, you have video-based training material if you want to learn about things quickly. This training is not limited to telling you the basics of the market. In fact, the in-depth training also discusses the many different types of strategies that you can use to amplify your profits and hedge the risks. These strategies come from the best of the financial markets so you can trust them.
Does GigaFX Have Any AML and KYC Policies?
It can be a bit annoying for traders when they have to provide so much information at the time of signing up with a broker. However, it is in their favor and no trader should shy away from these policies. In fact, you should keep away from brokers that are not following these policies. Such traders can face a huge penalty and fine from the regulatory authorities when they find out that the broker does not have any KYC and AML policies in place.
GigaFX pays extraordinary attention to AML (Anti Money Laundering) and KYC (Know Your Customer) policies because it wants to keep trading as fair as possible. You have to realize that if the company does not confirm the identity of the trader, some trader might not be who he/she appears to be. Someone might steal someone else’s ID and start trading on the platform. In addition to that, there are people who trade online only to save their laundered money. These people are running away with someone else’s money and using it for their own gain. You would not want such people to be trading on the platform with you.
GigaFX follows these policies strictly and the proof is available on the broker’s website. You will see the website talking about these policies on several pages. If the broker finds out that a trader is violating any of the policies mentioned above, it has the right to suspend or completely close that account.
How Good Is GigaFX Customer Support?
Customer support is not one of the strengths of online brokers. In fact, after visiting a few broker websites, you will notice that some of them deliberately want to hide their contact information. It is as though they don’t want to help the customers when they are in need. Not having good customer service is the biggest blunder that any company can make today. The big features, leverages, tight spreads, etc. do not really matter when the customer service is not good because you know there will be no one to help you when you are in trouble. Not to mention, you can never know what type of issue you might run into when trading online.
Imagine that the money you have deposited in your account is not showing up in your deposited funds. What can do you do about it other than calling the company for help? That’s when you get to know the seriousness level of a broker. GigaFX is very serious with its traders. Keep in mind that it has traders from nearly 76 countries. When you have such a huge responsibility on your shoulders, you cannot be casual with your customer support. With GigaFX, you have multiple ways to get in touch with the company.
First, you have the contact form available on the website wherein you can provide your email address and write a detailed inquiry for the company. If you are not comfortable with the web form, you can use the customer support email address which is easily available on the “contact us” page of the website. And if you are in a hurry and don’t have time to waste, you can simply call the number available on the website. There is not one but three phone numbers available on the website for you to dial and get help with whatever issue you are facing. A broker that’s happy to help its traders in need definitely deserves admiration for its efforts.
Why Should You Choose GigaFX over Other Brokers?
So, you know a lot about GigaFX now. However, it is best to summarize the reasons for picking GigaFX over any other broker out there. Let’s take a look.
You Can Enjoy Freedom
One of the things that you will miss on other brokers is freedom. It comes in many shapes and forms. For example, you want some freedom when you are picking the account type. You don’t want to put too much money in your account because if you are a new trader, you probably just want to test the waters before jumping in. In that area, GigaFX helps you by providing you with four different options. The best thing is that you don’t sacrifice anything in the start account, which is the most basic account. The tight spreads are there along with big leverage of 1:200 and personal training too.
In the same manner, you have many different financial assets to choose from. You might be someone who has always wanted to trade precious metals. However, owning the stocks of gold can be quite expensive. In that scenario, you have copper and silver available for trading. In addition to that, you even have other commodities like wheat, coffee, and orange. Many brokers will tie you up with only the eight major currency pairs. They say the rare currency pairs are very volatile. However, volatility is what pays big time in trading. Not to mention, it should be for you to decide whether you want to trade a certain currency pair or not.
GigaFX leaves it on you to decide which currency pair you want to trade. There are so many currency pairs to choose from, and these are the uncommon ones. In a similar way, you have cryptocurrencies on the platform. You can trade cryptocurrencies on GigaFX platforms as well. What is likeable about trading cryptocurrencies with GigaFX is that you can pick from dozens of different digital coins. You are not stuck with the big ones like Bitcoin and Ethereum only. In fact, you can trade Litecoin, Bitcoin Cash, Ripple, and many other cryptocurrencies from around the world in one place.
You Can Trade the Way You Want
So, are you someone who is considering trading financial assets as a full-time job or you just want to keep it on the side and experiment? When you want to trade part-time, you don’t have to be connected to the charts and indicators all the time. In that case, it is okay if you just trade once in a while from your computer. To trade from the computer, the best platform you have is Metatrader 4. You can enjoy the smooth experience of trading with Metatrader 4 with GigaFX. But what if you want to do it full time and stay connected to the fluctuations in the market all the time?
In that case, you have the web based trading platform as well as the mobile trading platform. With these platforms you can look at the market charts whenever you want. All you need to have is an internet connection. More importantly, you can use the application of the web trader to buy and purchase the stocks, commodities, and cryptocurrencies as well. This is how you can trade the way you want when you choose GigaFX as your broker. With many other brokers, they either offer MT4 platform or one of their own. The problem with that approach is that you are stuck with one platform in either case, which is what you don’t want.
You should have the flexibility to move from one platform to another if you don’t like the first one. That flexibility is available with GigaFX.
You Can Trade with the Peace of Mind
When you step into the trading world, the last thing you want is end up with losses or a fraud company. You can take the worrying thoughts out of your mind when trading with GigaFX. It is a legitimate company with GRF EUROPE OU at its back. The latter is a licensed entity and for that reason you can trust GigaFX without any issues. In addition to that, you should find trust in other customers who are already trading with GigaFX. If others are happy with their experience, you should not have any problems too.
There are more than 45,000 traders on GigaFX that are placing their trades and executing them on a daily basis. These customers have the trusted the platform for a reason. Most importantly, you can see that there is a lot of emphasis from GigaFX on fair trade. It has the KYC and AML policies in place only to prevent the dubious traders from trading on its platform. In short, the company has already put big barriers in the way of people who want to use the platform for some corrupt purposes.
You Can Learn to Trade First
For someone who is going to trade for the first time, the biggest concern is training. You can’t step into the practical world of trading without proper training. Yes, the core of the market is still based on supply and demand. However, when designing strategies to make profitable trades, you have to take into account many other factors as well. You can’t rely on the basic principles of demand and supply for profitable trades in the financial markets. You must know the entire machinery that affects the prices of commodities, indices, currencies, and other financial instruments. You get a lot of training from GigaFX on that.
You can see the four account types from GigaFX and realize that there is basic training included with every account. This basic training tells you how to execute your trades and what factors to look at before going long or short. In addition to that, there is an in-depth training section from GigaFX that has been designed to help you with strategy making as well. You can create strategies by keeping certain factors in mind and these strategies work automatically in your favor when those conditions are met in the market. In short, there is ample training available for new traders on GigaFX. It is up to you to use the ebooks or videos for your training.
In the end, you should make sure not to put all of your money on the line irrespective of which broker you choose. In addition to saving some portion of your savings for yourself, you should also focus more on reducing your chances of losses. Do not focus merely on your profits. You should take advantage of features like stop loss, hedging, etc., so you can keep your losses to minimum. In the end, it would be highly advisable that you visit the GigaFX website to have a detailed walkthrough and know everything about how things work with the broker. Start with a demo account, get some training, and be the professional trader you have always dreamed of becoming.