ANSWER Market Giants is an unlicensed broker that should not be trusted despite the seemingly attractive deals it offers.Market Giants claims it is in the process of becoming a regulated broker, but it is not regulated yet. It also purports to stringently follow every circular distributed by the three main tier one regulators including the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC). We hence searched for this broker in the registries of the above-mentioned regulators but no results or records matching it. One must keep in mind that a legitimate broker must be authorized by financial regulators before conducting any financial services business. Investors shouldn't trust any unlicensed broker, regardless of how sincere their speeches may seem. In essence, Market Giants is untrustworthy since it is not regulated by any governing body.Regarding your question, Market Giants is not reliable since it is not authorized and regulated to offer financial services or products. Entrusting this broker to hold and control your funds or trading with it is highly risky, as there are no safeguards in place to prevent fraud or theft. Therefore, we strongly suggest investors avoid dealing with unlicensed brokers like Market Giants and opt for fully regulated ones instead.
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