On-line since: About the company: FXPIG is an international forex broker operating under license of the Republic of Vanuatu which is situated in the southern part of the Pacific Ocean in close proximity to New Zealand where the firm was originally founded. The license was obtained in 2016. The broker selected an unusual brand name containing the word of pig. It is also used as the company’s mascot. The brand color is pink like a piglet’s skin. Browsing through the website, the first impression is weird. The question which crosses one’s mind is why the founders decided on such a mascot. One thing is obvious. The company is unwilling to follow the concept of seriousness which is commonly employed by other brokerage firms. All information is presented in a slightly playful manner. FXPIG promises trading without smoke and mirrors. The company promotes itself as a friend and partner rather than a broker. “We do not sugarcoat what happens in the market, nor do we spend countless marketing dollars to cover up the not so elegant side of this business, we prefer to push that money into research and development of our trading environment.” “The FX Market is hard enough to navigate on its own, and we know, from EXPERIENCE, that the last thing a trader needs is more red tape and vague and unsupported answers to their very poignant questions. FXPIG™ knows that while all traders want the best possible price, each and every trader needs a different set of tools to be successful.” To sum up, FXPIG is a trademark. The company’s name is an acronym which is deciphered as Prime Intermarket Group Asia Pacific Limited. The company was established by a former trader who had retired from Forex. He was replaced by the ex-chief of the institutional sales department at Charterprime. Trading solution from FXPIG FXPIG invites its clients to trade currency pairs, shares, metals, energy commodities, and CFDs. When it comes to Forex, clients can trade 40 currency pairs. A trader should create the single account and choose an access technology between SPA (Single Point Aggregation) that is a single hub aggregation of top tier forex liquidity and MPA (Multiple Point Aggregation) that is a feed of pre-aggregated liquidity. The broker also recommends its clients demo accounts where they can try trading platforms and practice trading skills and strategies without running a risk to investment. Traders are free to choose one of three trading platforms. MetaTrader 4 is undoubtedly one of the most popular and time-proven trading platforms. Besides, cTrader at FXPIG™ provides full STP access to four distinct pricing feeds. It can be employed by professionals and novice traders. The broker claims cTrader to be one of the best forex trading platforms. Last but not least, there is FIX API which is just a set of protocols or rules that allow a trader to connect to a FIX host. With a FIX API account, a trader both receives incoming market data and also receives and transmits order requests. In essence, FIX API is the connection between a trader and a liquidity provider. There are no requirements for a trade volume and a deposit size. The broker does not charge any commissions. FIX API gives access to 8 sources of pricing in New York and London. To open a PAMM account, a trader has to deposit at least $2,000. The broker assures traders that such kind of investment is completely transparent. Every client is invited to create his/her own portal called MyFXPIG™ where he/she can check deposits, withdrawals, PnL, commissions to be charged, and stats data. A PAMM account is also freely available on the broker’s website. Withdrawal options The broker allows its clients a range of secure deposit and withdrawal options, though there are some specifics. Traders are highly recommended to scrutinize these methods. For instance, some options are available in particular countries. There are deposit options that are free of charge and there are inexpensive withdrawal options. In other words, a trader can pick a withdrawal option that is not too costly. Speaking about withdrawal terms, a bank wire could take a few days. Some options offer an instant withdrawal. Customer support FXPIG does not differentiate its clients in terms of a deposit size and other criteria. The broker promises a prompt callback and a respectful attitude towards all traders. A client can contact the company’s representatives on Skype, having filled in a special form on the website. Besides, a client can send a quick email or contact through the Pig Messenger clicking on the floating purple widget on the bottom right of the screen. A contact phone number is missing. Forex tuition The educational component is the downside of the company. FXPIG suggests scarce educational materials which are seldomly upgraded. One can find a blog with some helpful information. The broker posts news to keep clients in the loop on financial markets. Advantages
Disadvantages
Reviews Despite the uncommon name for a forex broker and the lighthearted manner of composing the website, FXPIG is enjoying popularity among traders. There are lots of positive comments on the Internet as clients are pleased about nice trading conditions and quality customer support. Some clients appreciate their sense of humor. Nevertheless, there is always a fly in the ointment. Some traders claim that the broker conceals an unfair game by transparency. On the whole, one can find out a few reviews of FXPIG. This broker does not suit all traders without exception. FXPIG is geared towards savvy investors.
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FXPIG platform has given me a mind-blowing service in the market so far, here I can place orders instantly and my positions didn’t slippage. So I can do scalping trade comfortably on the FXPIG’s platform. Their expert has given signal too, which is 85% accurate, and I can utilize it to enter or exit the market. I have an Insta. Eurica account, where $100 invest reached $1K, and their payment process is so fast that I am able to do my trading business properly.
I don't know how FXPIG run their business. They are fraud after they stole my profit from 7 months of trading. I was trading with them, and I earned a profit. Intentionally I didn't take my profit on purpose will take once I earn more. Last month, I wanted to withdraw my profit, and I've sent a withdrawal request, but I didn't get the money until now. I've called their support, they said I was against their rules, and they BLOCKED my account along with the profit I gained of 7 months! Right now, I am still trying to get my account back and take my profit. I suggest all traders never join this broker.
FXPIG is A+ Grade broker, no issues at all. I like their spreads very much and they are very cheap. They are also very fast when it comes to deposits and withdrawals. My deposits always processed on the same day through bank wire . This broker rates number one on my list of brokers to trade with!
To be honest, investing at FXPIG is not worth your time. You will only waste your time and your money. I already closed my account at this broker because their platform is terrible and the trading fees are too high. Thankfully, I did not have any trouble retrieving my remaining funds.
Trading at FXPIG isn't easy. They don't have a good and functional trading platform. I know that they have a high minimum deposit, but still, I take a risk, and I started trading with this broker. I always face any trouble from the beginning time, which makes my trade have obstacles because the platform isn't easy to use. I have called their support team, but they were very rude in answering my questions. I can say that this broker is not a good broker. They don't serve clients properly.
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