For years, we have heard people about trading stocks and foreign currency and read stories of traders earning huge profits or making huge losses. However, it wasn’t until the 21st century that trading became widely known. That’s when online trading opportunities sprang up and more and more people began to take an interest because there were essentially no requirements to get started. The same holds true today. The world of trading does not have prerequisites of experience or education for you to make a career in it. Having either or both is certainly an advantage, but not a requirement, as long as you have the money to invest.
So, how do you begin? No matter what financial instrument you want to trade, you need a broker to provide you with a platform and necessary features. Again, online brokers are widespread nowadays and you can easily find one by doing a quick search. But, hold your horses. Not every broker is reliable. Frauds and scams are too common for comfort and you need to exercise caution before you make up your mind. If you are looking for a smart and comprehensive option, GigaFX is the best thing for you. Four Squares International Ventures Ltd. came up with this broker in 2018.
Yes, it is new, but in this short time the broker has demonstrated that it is capable of fulfilling the needs of every single trader in the market, regardless of their skill level or background. This is one of the major reasons why it has successfully managed to offer its services to traders based in more than 60 countries all over the world. Its offices are located in three countries; Estonia, the United Kingdom and Germany. This means that it is heavily regulated and it offers a layer of security that can assure traders of its trustworthiness.
But, that’s not all; GigaFX also provides access to more than 2,200 financial instruments to traders, which are from different financial markets, and they are available at tight spreads. The broker has seen a rise in its popularity due to this huge asset index because it also includes some unique options that other brokers are yet to offer. There are both volatile and non-volatile options, which enable traders to diversify their portfolio and balance their risk. If you have a limited amount of money and not much experience, you can take your first steps into the trading world through commodity trading.
GigaFX allows you to invest in soft and hard commodities, like corn, coffee, wheat, gold, silver, platinum and others. This market is not very volatile so it is a safe bet for beginners. There is educational content also provided for this trading and tools that can be useful. The rates are competitive and leverage is 1:50, which makes it a good choice. Forex currency can offer you considerably more volatility. GigaFX provides you access to popular currency pairs and also exotic ones, which are a tad riskier.
If you don’t mind taking risks, cryptocurrency is the way to go, which is a pretty hot instrument these days. Therefore, the broker gives you a chance to trade Bitcoin, Ethereum and Litecoin at some exceptional rates. There is high leverage available and GigaFX also offers a crypto wallet to make it easier for traders. Those who are more interested in traditional form of trading can choose to trade stocks on GigaFX and will find stocks available from some big companies in the tech and sports sector. You are free to choose any position and can trade round the clock without any hassles. Indices are also available for trade with the broker and both niche and popular indices are available. Index trading tools are provided for better executions and excellent rates can be enjoyed as well.
However, there is one asset that has enabled the broker to stand out in the sea of brokers out there; Cannabis stocks. Yes, that’s right. You can invest in Cannabis companies on GigaFX as it is gaining acceptance in different parts of the world and so adding it to your portfolio can boost your profit potential.
No matter what asset you decide to trade on GigaFX, the one thing you need to remember is that you will be doing CFD trading i.e. Contracts for Difference. This means that rather than investing in the actual asset, you will buy contracts that predict the price movements of the asset in question. If the price moves as per your prediction, you make a profit or else it will lead to a loss.
Access to multiple markets and a huge asset index is indeed helpful in moving forward with your trading, but there are other elements of GigaFX that make it good broker. Some of these elements are highlighted below:
Fees and Other Charges
When you are trading via a broker, you have to pay some portion of your earnings to them in the form of commission or trading fee. After all, they also need to be paid for the service they provide to you. Obviously, when you are doing the hard work, you want to keep as much for yourself as possible and this is something that GigaFX understands and allows you to do.
They do not charge any commission on the transactions and instead make their profits through the differences in spreads i.e. the buying and selling value of the asset. Traders can get both fixed and floating spreads, as per the account they open and the asset they trade. GigaFX does have an inactivity fee of 10 percent of the account balance that it will charge if you don’t use your accounts for six months.
You cannot start availing GigaFX’s services unless you create an account first. The process is straightforward, but it requires you to be accurate. Some basic information needs to be entered during the signup process such as your name, address, and email address, date of birth and phone number. Your account also needs to be verified for you to be able to conduct transactions through it. For this to happen, you need to verify your identity by sending in a government issued ID like identity card, passport or driving license. This document is used for confirming your name and identity.
Next, you need to get your address verified and for this a document such as utility bill or bank statement that shows your name with your address. When your account is verified, you will have no trouble in making or receiving payments on GigaFX.
As mentioned above, GigaFX caters to traders in more than 60 countries, no matter what their skill level, experience or background. In order to ensure that every trader finds what they need on their platform, the broker has introduced four account options. Each of these accounts is designed to fulfill the needs and goals of a specific type of trader. The first account type is referred to as the Starter Account and this, as evident from the name, is for beginners and boasts fixed spreads for this reason. This is a good thing because you can know how much you stand to gain or lose from a trade.
Some training and education is also provided to the traders since they are just starting out and can benefit from it. Hedging is permitted and customer support is available 24/5 to answer any questions traders may have. Traders can upgrade to the Silver account when they have had some experience and don’t want to be too conservative. This account type has floating spreads and leverage is about 1:100. There is a Personal account manager offered, along with features of the basic account. Latest news is also available, which can help in making decisions.
When you get some more skills, the Gold Account option is the choice for you. The leverage is increased to 1:200, floating spreads are available as traders don’t mind the risk, Expert Advisors (EAs) are available and webinar access is also granted. The last account option is known as the Premium Account and it is for serious and professional traders who are committed to making a career out of trading. All features of GigaFX are available through this account, there is Personal Bonus policy, one-on-one training with experts and high leverage.
Versatile Trading Platforms
The platform you use for trading can have a huge impact on the kind of experience you have. GigaFX is aware of this fact and has provided several options to its clients when it comes to trading platforms. One of the most versatile trading platforms out there is MetaTrader4 and it has been incorporated by the broker. This platform requires download and installation, but that doesn’t take a lot of time and there are no lags or delays at all. There are a myriad of tools available on MT4 like graphs, charts and custom indicators, which are great for market analysis and making trades.
There is a WebTrader platform available, which is for those who like to trade through the browser. This doesn’t require any form of download or installation and you just need to have an internet connection to use it. This trading platform also have a ton of tools available along with extensive educational materials. Apart from that, GigaFX also has a Mobile Trading platform and this allows for trading on the move. It is available for iOS and Android smartphones and mobile devices and even though it is more concise than other platforms, it is still equipped with numerous tools.
Security and Safety
When you decide to trade and start looking for a broker, you always keep security in mind because you will share your personal and financial information with them. It is a given that you don’t want them to be compromised because it can lead to considerable losses for you. GigaFX has made considerable effort in developing a secure and robust trading platform and it is compliant with all MiFID regulations. Other than that, it has implemented the highest level of encryption, which ensures that even if third parties get access to your data, they will not be able to make sense of it because they will not have the decryption code.
Your sensitive account information is safe from hackers in this way. Plus, it is also recommended that you use strong passwords so no unauthorized individual can access your account. The broker also follows Anti-Money laundering (AML) and Know your Customer (KYC) policies to ensure no fraudulent transactions are conducted through their platform.
Education and Resource Center
GigaFX genuinely cares about its traders and so it has provided them with a comprehensive Education and Resource center where they will find in-depth and extensive material that can expand their knowledge and improve their skills. There are e-books and videos about different aspects of every market, trading strategies are discussed and tips are also provided. Webinars are also provided and these are conducted by experts so they offer valuable insights into the market. This is an excellent opportunity to communicate with experienced and skilled traders and get tips and useful advice.
It is perfectly normal for you to have questions and queries about a broker’s procedures and services and you want an immediate response. If you don’t get answers, you are going to be frustrated and annoyed. GigaFX wants to ensure that its customers don’t have to experience any such issues with them. You can get in touch with them via email or use the online contact form on their website to reach out to them. Phone numbers are also provided to all three of their offices where you can call for getting a quick response. They are friendly and prompt so you will be able to resolve your problems easily.
Thanks to all these features and services, GigaFX has become a popular broker in the market. It has incorporated cutting edge technology and has added the latest tools that every trader needs in order to fulfill your trading goals in the long run.