FXPIG review: Platforms, Accounts, Trading Conditions, and user ratings.
4.267 •
73 REVIEWS
Alchemy Prime Limited
Prime Intermarket Group Asia Pacific Ltd
Updated: May 12, 2023
•
FXPIG.com
5 star review by DigitalPapaya, Australia
I've been with FXPIG for a couple of years. The absolute best service I have had with a broker. All my questions have been answered promptly, clearly and honestly. Any issues I've had have been dealt with on a personal level that I've not seen elsewhere. Definitely a trustworthy broker.
What is FXPIG?
FXPIG is a Forex and CFD multi-asset broker registered and regulated by VFSC (Vanuatu) established in 2010. Broker offers popular MT4 and MT5 platforms by MetaTrader, cTrader, and FIX API with no minimum volume requirements.
FXPIG claims 100% fast STP Execution via 18+ Tier-1 and Tier-2 liquidity providers, low spread and offers high leverage up to 1:500 with low minimum deposit of $200.
FXPIG accounts are structured by price feed and the tiers:
- Raw Spread + Commission feed is available on MT4, MT5, cTrader, and FIX API with 3 account tiers: Standard, Premier, and Pro. With Standard account with the lowest minimum deposit of $200 and the highest cost of trading, and Pro account with the highest minimum deposit of $50,000 and lowest trading costs.
- All-In feed features zero commission on Forex, Index CFDs, and Metals and is available with 2 account tiers: Standard, and Premier.
All trading styles are supported, including trading robots, scalping, news trading. FXPIG also offers robust PAMM and MAM software for money managers. Trading instruments include 80+ currency pairs and CFDs on Cryptocurrencies, Metal, Indicies, and popular US and EU stocks.
Please read FXPIG reviews below and share live trading experiences with this broker.
FXPIG.com is part of Alchemy Prime Limited group. Known members of this group include CXMPrime.com, AlchemyPrime.uk, CXMTrading.com, CastleRockFX.com, AlchemyMarkets.com.
Broker Details
| Minimum Trade Size: | 0.01 |
|---|
| Maximum Leverage: | 500:1 |
|---|
| Minimum to Open Live: | $200 |
|---|
| Established: | 2010 |
|---|---|
| Address: | 1276, Govant Building, Kumul Highway Port Vila, Republic of Vanuatu, Vanuatu |
| Contact: | support@fxpig.com |
| Regional offices: | |
| Regulators: | VFSC #014578 |
| Prohibited countries: |
| Trading platforms: | MT4, MT5, cTrader, WebTrader, FIX API |
|---|
| Web Trading: | ✅ Yes |
|---|---|
| Mobile Trading: | ✅ Yes |
| ECN: | ✅ Yes |
| Currencies: | (80+) |
|---|---|
| Cryptocurrencies: | (10+) Bitcoin, Litecoin, Ethereum |
| CFD: | (250+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities, ETF |
Trading Conditions |
|
| EAs/Robots: | ✅ Yes |
|---|---|
| News Trading: | ✅ Yes |
| Scalping: | ✅ Yes |
| PAMM: | ✅ Yes |
|---|---|
| Copy Trading: | ✅ Yes |
| Deposit Methods: | Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Bitcoin, Cryptocurrency, Ether/Ethereum, Neteller, Skrill, Tether (USDT) |
|---|
| Withdrawal Methods: | Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Neteller, Skrill, Tether (USDT) |
|---|
4.267 •
73 REVIEWS
Traders Reviews
B
This broker doesn't process withdrawals
Service use: Live
Length of use: 0-3 Months
I requested withdrawal on 18 Feb, on 21 Feb it was marked as "done". Still no money in my wallet (after almost two weeks).
They keep repeating that "funds are safe, on their way", "problem on the PSP side", "will address this issue to the finance team" but... nothing happens. No email with explanations, no single effort to investigate the issue just "stay patient" over and over.
Withdrawals from two other brokers to the same wallet usually come within 24H.
Extremely disappointed that I decided to try use their services. 0 out of 5 stars. Verdict: SCAM
They keep repeating that "funds are safe, on their way", "problem on the PSP side", "will address this issue to the finance team" but... nothing happens. No email with explanations, no single effort to investigate the issue just "stay patient" over and over.
Withdrawals from two other brokers to the same wallet usually come within 24H.
Extremely disappointed that I decided to try use their services. 0 out of 5 stars. Verdict: SCAM
G
Different broker
Service use: Live
Length of use: over 1 Year
Im happy with fxpig. Leverage is so high. Execution is so low. Spreads are very good too for fx and gold while can be little better on indices. Withdrawals are fast too. Due to my trading performance in last months they sent me an hoodie as a present and i like it so so much! Others brokers have not that type of shrewdness. I can recommend this broker. What i can recommend to them is reduce a little bit deposit fees like on usdt or btc. This is one of best brokers currently on market.
F
competitive spreads, fast execution, very helpfull support
Service use: Live
Length of use: 0-3 Months
Hello FPA community,
I'm trading forex for around 6 years and just started using FxPig. I'm very happy with the service they are providing.
I had issues depositing with Neteller, but support helped me out immediately.
I'm trading forex for around 6 years and just started using FxPig. I'm very happy with the service they are providing.
I had issues depositing with Neteller, but support helped me out immediately.
Biggest scam in the history of Forex.
Service use: Live
Length of use: over 1 Year
These PIGs Scammed my USD 1900.
All the reviews you are seeing here are fake. They have a program that if anyone give good reviews on the FPA, they will send him USD 100. By this way, they got this rating here.
The biggest scam I have ever seen. Never send a single penny to these frauds. They are really PIG in the Forex market.
All the reviews you are seeing here are fake. They have a program that if anyone give good reviews on the FPA, they will send him USD 100. By this way, they got this rating here.
The biggest scam I have ever seen. Never send a single penny to these frauds. They are really PIG in the Forex market.
2 traders have found this review helpful
Review moderation team note
If you have evidence of any company offering compensation for reviews, please submit it here...
https://www.forexpeacearmy.com/community/threads/what-happens-if-a-company-offers-compensation-for-reviews.51648/
https://www.forexpeacearmy.com/community/threads/what-happens-if-a-company-offers-compensation-for-reviews.51648/
Best Broker I ever used
Hi! FxPig is the coolest broker i ever tried. I think because of the name it self makes it so unique! haha this is actually my most favorite broker of all i like to trade here with cTrader and MPA and SPA account (i think thats what they call it) both is so good. fast executions and i believe that its a 100% STP broker. The downside to me is the deposit charge.. with a charge of 2% or 3% i think via skrill a little bit demotivates me because its not that easy to trade forex we all know that, plus the fact that when you deposit you see you account deducted already before trading really hurts. I wish they can shoulder that for sure it will attract more customers for like what i said this broker is for real ^_^ sooo its an easy 5 star
2 traders have found this review helpful
F
Reply by Bily @ FXPIG submitted Mar 14, 2019:
Forexsamurai,
Thank you for your words, much appreciated. :)
Regarding your comment about the deposit fees, those fees are charged by the PSP we use, and each service provider ( in any industry) charges for the service - that is what they live from.
Being a pure STP broker, our only revenue is the commission. With that being said, for us is not feasible to cover the fees on behalf of the clients, as in many cases the commission generated by the client would not be even sufficient to cover those fees.
Thank you for your words, much appreciated. :)
Regarding your comment about the deposit fees, those fees are charged by the PSP we use, and each service provider ( in any industry) charges for the service - that is what they live from.
Being a pure STP broker, our only revenue is the commission. With that being said, for us is not feasible to cover the fees on behalf of the clients, as in many cases the commission generated by the client would not be even sufficient to cover those fees.
A
Antiagua
Singapore,
Jan 13, 2019,
Guest
Fxpig customer support is great. They do give incentive for reviews but they did say they do not need sugar coat. They just want honest review and i do not know why this has to bring up to FPA. Any business, owner would wan good honest review on google review or whatever platform.
Their regulations is not well known but even well known regulations does not help much tough. It is just psychological that let us think that huge regulations is good.
I give 4 stars as i have not withdrawn money from them yet and hopefully, it work fine for me. Plus, they do not have sgd base account anymore. Besides that, all is good and fxpig is true ecn stp broker that do not have dealing desk and fix api account is easy to set up. Sadly, Kevin is not active on fxpig anymore. He is into his new crypto business. Let hope their forex and cryptocurrency work well together.
Their regulations is not well known but even well known regulations does not help much tough. It is just psychological that let us think that huge regulations is good.
I give 4 stars as i have not withdrawn money from them yet and hopefully, it work fine for me. Plus, they do not have sgd base account anymore. Besides that, all is good and fxpig is true ecn stp broker that do not have dealing desk and fix api account is easy to set up. Sadly, Kevin is not active on fxpig anymore. He is into his new crypto business. Let hope their forex and cryptocurrency work well together.
Review moderation team note
4 Star rating removed.
Undisclosed compensated reviews are illegal in many countries, including the USA, where the FPA is based.
Disclosed compensated reviews are legal in more places, but are considered to be unethical by the FPA. Compensated reviews are not permitted at the FPA. In the case of your review, we've removed the rating and added this warning.
If anyone has evidence of any company offering compensation for reviews, please submit it here...
https://www.forexpeacearmy.com/community/threads/what-happens-if-a-company-offers-compensation-for-reviews.51648/
Undisclosed compensated reviews are illegal in many countries, including the USA, where the FPA is based.
Disclosed compensated reviews are legal in more places, but are considered to be unethical by the FPA. Compensated reviews are not permitted at the FPA. In the case of your review, we've removed the rating and added this warning.
If anyone has evidence of any company offering compensation for reviews, please submit it here...
https://www.forexpeacearmy.com/community/threads/what-happens-if-a-company-offers-compensation-for-reviews.51648/
T
Thanks FXPIG
I have been with FXPIG for about year. They reimbursed me for a trade loss when I had a short disconnect from the server that happened only once and i do run a VPS. They have promptly answered every concern I have had in a very short period of time. I am in Canada and international wires take a while but I feel that I am dealing with people who want to continue to make their company better. That is why I continue to trust them with my money. I have never had a hint of price manipulation and you should definitely pick the price feed that works best for your system. But I guess that's partly what sets them apart from the others. This review has been long overdue. Thanks
2 traders have found this review helpful
G
Gc
Canada,
Dec 18, 2018,
Guest
For last two weeks XAUUSD(gold) trading on MPA is disabled and still there is no ETA on the issue. When contacted support only response i get is that there is slippage issues with liquidity providers. Downtime on this pair of two weeks is too much.
G
Reply by Bily @ FXPIG submitted Dec 27, 2018:
Hello GC,
The XAUUSD.mpa is active again since more than a week. The reason for deliberately disabling the trading of that instrument was precisely as the support has communicated you - we have detected enormous and outstanding slippage on filling the orders from the LPs end. Thus we quickly brought a decision to temporary disable it rather then having clients getting filled with such slippage and thinking that we are manipulating the feed.
During the process, we could not give any ETA when it will be enabled for trading again as the issue was not on our end, and we were fully dependent on the LPs solving the issue.
It was disabled for approx 2 weeks.
Worth to mention as well is, all the clients that experienced the wrongful fills, were reimbursed accordingly after examining all the orders individually.
Once again, the issue was present, but we are fully transparent about everything, and this was communicated to the clients affected. Sadly issues may happen any time, we do not say we are perfect, but we deal with every situation in a way that we strongly believe would be most beneficial for the clients
The XAUUSD.mpa is active again since more than a week. The reason for deliberately disabling the trading of that instrument was precisely as the support has communicated you - we have detected enormous and outstanding slippage on filling the orders from the LPs end. Thus we quickly brought a decision to temporary disable it rather then having clients getting filled with such slippage and thinking that we are manipulating the feed.
During the process, we could not give any ETA when it will be enabled for trading again as the issue was not on our end, and we were fully dependent on the LPs solving the issue.
It was disabled for approx 2 weeks.
Worth to mention as well is, all the clients that experienced the wrongful fills, were reimbursed accordingly after examining all the orders individually.
Once again, the issue was present, but we are fully transparent about everything, and this was communicated to the clients affected. Sadly issues may happen any time, we do not say we are perfect, but we deal with every situation in a way that we strongly believe would be most beneficial for the clients
Amy
sydney, Australia,
Dec 18, 2018,
Guest
Broker is paying for reviews on peace army
be very wary of reviews with this broker: Taken directly from their pre Christmas promotional email:
One more thing... don't forget that we are giving 3 X 50 $ real cash money for the 3 most creative, fun, honest reviews on Forex Peace Army
One more thing... don't forget that we are giving 3 X 50 $ real cash money for the 3 most creative, fun, honest reviews on Forex Peace Army
A
Reply by Bily @ FXPIG submitted Dec 27, 2018:
We would like to add up, and /or clarify regarding the matter...
We did send a promotional email saying :
"Write down with your own words your experience with us at our Forex Peace Army Review page
Do not sugarcoat anything, we honour TRUTH, we respect HONESTY…and if we were not good enough, we will take that feed back to improve and be better next year."
It has never an intention to be "paying for reviews" and we have never done that, we asked for honest and truthful reviews , not positive ...
Once FPA has contacted us that it is a violation of its policy and USA laws, we immediately communicated all our clients and cancelled the promotion/challenge.
Here, officially and publicly, we would like to apologise for all of you that though that we are trying to "buy" a good reputation, we have been long enough on the market building trust, and we have no need for such behaviour.
The campaign had no malicious background in any way, it was planned to be small Christmas give away combined with sharing experience.
We did send a promotional email saying :
"Write down with your own words your experience with us at our Forex Peace Army Review page
Do not sugarcoat anything, we honour TRUTH, we respect HONESTY…and if we were not good enough, we will take that feed back to improve and be better next year."
It has never an intention to be "paying for reviews" and we have never done that, we asked for honest and truthful reviews , not positive ...
Once FPA has contacted us that it is a violation of its policy and USA laws, we immediately communicated all our clients and cancelled the promotion/challenge.
Here, officially and publicly, we would like to apologise for all of you that though that we are trying to "buy" a good reputation, we have been long enough on the market building trust, and we have no need for such behaviour.
The campaign had no malicious background in any way, it was planned to be small Christmas give away combined with sharing experience.
Review moderation team note
Thank you for bringing this to the FPA's attention.
We've spoken to FxPig and explained that this sort of thing is a violation of US law as well as FPA policy. They have cancelled the promotion.
We've spoken to FxPig and explained that this sort of thing is a violation of US law as well as FPA policy. They have cancelled the promotion.
fast execution, deposit, withdrawal. convinient, useful research
Fast execution on trading platform. Instant deposit and withdrawal can be done by yourself at the website if you are using credit card or skrill or neteller. You can withdraw cash at any ATM machine with fxpig card too. The calculator on website to calculate margin, profit and loss is useful.
1 trader has found this review helpful
Frequently Asked Questions
What is FXPIG?
FXPIG is an online forex broker, founded in 2010. FX PIG offers following assets to trade on MetaTrader 4, Metatrader 5, and cTrader.
- Forex
- Metals
- Commodities
- Equities
- Indices
Is FXPIG regulated?
FX PIG is operated through Prime Intermarket Group Asia Pacific Ltd.
Prime Intermarket Group Asia Pacific Ltd holds a Principal's License for dealing in securities, granted by the Minister of Finance and Economic Development of Vanuatu, under the arm of the Vanuatu Financial Services Commission (VFSC Company Number 014578).
Prime Intermarket Group Asia Pacific Ltd holds a Principal's License for dealing in securities, granted by the Minister of Finance and Economic Development of Vanuatu, under the arm of the Vanuatu Financial Services Commission (VFSC Company Number 014578).
What is the minimum deposit for FXPIG?
The minimum deposit for FXPIG is $200 or equivalent for their Standard Account. Please see FXPig's website for details of other account types.
What is the maximum leverage for FXPIG?
The maximum leverage for FXPIG is 500:1 across all account types (Standard, Premiere and Pro).
How do I open an account with FXPIG?Start your application now by clicking here>>"
Opening a live account at FXPIG is quick and easy. It should only take only 10 minutes or less.
FXPIG says that their review and approval of documents should take an hour or less on business days. Once approved, trading can begin.
Start your application now by clicking here>>
FXPIG says that their review and approval of documents should take an hour or less on business days. Once approved, trading can begin.
Start your application now by clicking here>>