Markets Giant is a new offshore Forex / Crypto broker, that opened on October 7th 2021. Just like you, we found this broker when we registered for the QuantumAI trading app, which is illegally advertised in Australia.
Many people have problems withdrawing money from offshore brokers, see here.
Markets Giant Review
Our review of the brokerage firm Markets Giant finds, that they are offering a the basic Forex / Crypto CFD trading platform from Finantick. This trading platform offers you a variety of underlying assets for CFD trading in the category of: Forex, Crypto, Market Indexes, Shared and Commodities. TradingView charts are the default charting software on this platform.
Day traders will not find neither a mobile app on Google Play / iTunes, nor will they see the popular trading platforms from MT5 or MT4. The minimum deposit for a new trading account is usually $250, when dealing with a broker like this one. Deposits are only possible with a credit card purchase of Crypto. They are using the payment gateways of Bitnomics or CoinTandem.
Offshore brokers tend to offer higher margin rates than the licensed brokers. At Markets Giant, the leverage offered on Forex is as high as 500:1, and on Crypto 100:1. You can find popular Crypto and Forex trading apps, listed here.
Warning! Fake Trading Apps
The way you encountered this broker, was by registering for a the trading app called QuantumAI. Before investing money in a trading algorithm app, you should know that 99% of people lose their money that way!
Automated trading apps are marketed online via spam email and fake news websites. You should take a few minutes, and learn how the Crypto Investment Scams operate, see the article.
Is Markets Giant a Legit Broker?
No, Markets Giant does not have a license, which means they are not a regulated broker. Also, no information about available about their corporate name or where the company is registered. Maybe they are operating in the Metaverse, and not actually on this earth.
Scam Broker Investigator has reviewed hundreds of Forex / Crypto brokers, to see if they are scams or a legitimate broker. The proper way to research your broker, is by checking to see if they are licensed by the FCA in the United Kingdom or by ASIC in Australia. No matter where you live, you should be using a local licensed broker.
Go read reviews of the most popular licensed Crypto and Forex brokers listed here.
Compare Regulated Brokers
There are hundreds of CFD brokers to choose from online, therefore, you should try out the established licensed brokers first.
If you are already currently investing with Markets Giant, share your experience in the comments section below.