Giraffe Markets

Giraffe Markets Information

Giraffe is a leading forex brokerage firm registered in Saint Lucia and offshore regulated by the FSRA. With over 1,700 market instruments available, Giraffe offers trading opportunities in forex, stocks, indices, cryptos, commodities, and options. Three tailored account types are on offer, including Standard, Pro, and Elite accounts. Clients can access the MetaTrader 5 platform, known for its advanced trading tools and execution capabilities.

One of Giraffe's key strengths is its competitive pricing and trading flexibility, allowing traders to access financial markets with ease. The company emphasizes superior execution and trading conditions, backed by its years of experience and innovation in the industry. However, Giraffe doesn't provide service for citizens/residents of the United States, Cuba, Iraq, Myanmar, North Korea, and Sudan.

Pros & Cons

Pros:

Mainstream Markets to trade: Giraffe offers trading in over 1,700 markets, including forex, stocks, indices, cryptos, commodities, and options.

FSRA Regulation: The company is regulated by the FSRA, ensuring a certain level of security and adherence to regulatory standards.

Tailored Account Types: With Standard, Pro, and Elite account options, Giraffe caters to traders with different experience levels and trading needs.

MetaTrader 5 (MT5) Supported: Clients can access the advanced MetaTrader 5 platform, known for its comprehensive charting tools, analysis features, and automated trading capabilities.

Cons:

Offshore Regulation: Giraffe currently only offers an offshore FSRA regulation.

High Minimum Deposit Requirement: Compared to $10 or even $0 minimum deposit required by most brokers,$200 is too high.

Regional Restrictions: Giraffe is not available for citizens/residents of the United States, Cuba, Iraq, Myanmar, North Korea, and Sudan.

Is Giraffe Legit？

Giraffe is highly likely to be a legitimate forex brokerage firm, registered in Saint Lucia and offshore regulated by the FSRA. Regulation by a reputable authority is a positive indicator of a broker's legitimacy, as it indicates adherence to certain standards and regulations designed to protect traders.

Market Instruments

Giraffe Markets provides trading on over 1,700 markets across 5 classes of tradable assests, Forex, Stocks, Indices, Options and Commodities. However, its product offerings seem to limited compared to some other brokers, as it does not support trading on Futures, Options, even Cryptocurrencies.

Account Types

Giraffe Markets offers three account tiers: Standard, Pro, and Elite, targeting different trading groups.

Standard Account: This account is likely ideal for beginners. With a free setup cost and a minimum deposit of $200, it's a low-barrier entry point for those starting their trading journey.

Pro Account: This account seems like a step up for traders with some experience. The minimum deposit increases to $2,500, suggesting they anticipate a higher trading volume.

Elite Account: This account caters to experienced high-volume traders. The minimum deposit jumps significantly to $10,000, indicating they expect substantial trading activity.

Leverage

Giraffe Markets provides traders with the opportunity to utilize leverage as a key component of their trading strategy across its range of account types. Leverage essentially allows traders to control larger positions in the market with a relatively smaller amount of capital.

The Standard Account offers leverage of up to 1:500, providing traders with significant flexibility in managing their positions. This high level of leverage can be particularly appealing to traders who are confident in their trading strategies and seek to maximize their potential profits.

For those seeking a balance between risk and reward, the Pro Account offers leverage of up to 1:400. This slightly lower leverage level still provides traders with ample opportunities to capitalize on market movements while also incorporating a degree of risk management.

The Elite Account, tailored for experienced traders and high-volume investors, offers leverage of up to 1:300. While this leverage level is lower compared to the other account types, it still provides traders with significant opportunities for profit potential while emphasizing risk management.

Spreads & Commissions

Giraffe Markets offers competitive spreads and transparent commission structures across its various account types.

Spreads refer to the difference between the bid and ask prices of a financial instrument, and they play a significant role in determining trading costs. Giraffe Markets offers variable spreads, meaning they can fluctuate depending on market conditions. The Standard Account typically features spreads of up to 1.4 pips, while the Pro Account offers tighter spreads of up to 1.0 pips. The Elite Account takes it a step further with spreads starting from 0.0 pips, providing traders with the most competitive pricing available.

In addition to spreads, Giraffe Markets applies commissions on certain account types. The Standard and Pro Accounts do not incur any commission charges, making them suitable for traders who prefer a commission-free trading model. However, the Elite Account charges a commission of $5 on one side, which is applied per lot traded. While this commission adds to the trading costs, it is offset by the tighter spreads offered by the Elite Account, resulting in potentially lower overall trading costs for high-volume traders.

Trading Platform

Giraffe Markets offers the MetaTrader 5 (MT5) trading platform. MT5 is renowned for its advanced functionality, supporting various asset classes. It features advanced charting tools, supports algorithmic trading with Expert Advisors (EAs), and is accessible on multiple devices for seamless trading anywhere, anytime. Overall, MT5 empowers traders with a comprehensive suite of tools and features for efficient and effective trading.

Deposits & Withdrawals

Regarding payments, Giraffe Markets offers 5 payment methods, including popular options such as Bitcoin, Mastercard, Visa, Skrill, Paypal, and Neteller.

Customer Service

Conclusion

To wrap up, Giraffe Markets emerges as a reputable forex brokerage firm. It offers favorable trading conditions targeting both beginners and experienced traders. But there are also some major drawbacks to consider before using this broker. For example, it does not provide mini or micro accounts and has very few training resources.

FAQs

Is Giraffe Markets regulated？

Yes, it is offshore regulated by the Financial Services Regulatory Authority (FSRA) in Saint Lucia.

What is the minimum deposit required to open an account with Giraffe Markets？

The minimum deposit required varies depending on the account type chosen. For the Standard Account, the minimum deposit is $200, while the Pro Account requires a minimum deposit of $2,500, and the Elite Account requires a minimum deposit of $10,000.

Does Giraffe Markets offer the industry-leading MT4/5？

Yes. It offers MT5.

Does Giraffe Markets offer demo accounts？

Yes.

Are there any regional restrictions at Giraffe Markets？

Yes. It is not available for citizens/residents of the United States, Cuba, Iraq, Myanmar, North Korea, and Sudan.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.