FXPIG review: Platforms, Accounts, Trading Conditions, and user ratings.
5 star review by DigitalPapaya, Australia
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 |
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Maximum Leverage: | 500:1 |
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Minimum to Open Live: | $200 |
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Established: | 2010 |
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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 |
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Web Trading: | β Yes |
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Mobile Trading: | β Yes |
ECN: | β Yes |
Currencies: | (80+) |
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Cryptocurrencies: | (10+) Bitcoin, Litecoin, Ethereum |
CFD: | (250+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities, ETF |
Trading Conditions |
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EAs/Robots: | β Yes |
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News Trading: | β Yes |
Scalping: | β Yes |
PAMM: | β Yes |
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Copy Trading: | β Yes |
Deposit Methods: | Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Bitcoin, Cryptocurrency, Ether/Ethereum, Neteller, Skrill, Tether (USDT) |
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Withdrawal Methods: | Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Neteller, Skrill, Tether (USDT) |
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FXPIG Most Helpful Customer Reviews
Thanks FXPIG
FXPIG has good customer service there was a problem with their bank
When I made the withdraw I requested it to be sent to a different bank that I funded the account originally from.
Oct 11, 2018 - 1 Star Stay Away far Away from FXPIG
I requested a withdraw on September 13th 2018
I am still waiting for my funds
We are fully transparent, and that is one of our main attributes.
We did have some issues with the bank with excessive delays in processing the funds from their end, and that is why we have changed the bank.
As for the skrill whds, they are processed usually with in few hours, depending of the work load in the finance department, but almost always during the same day.
I see 13th Sept was Thursday, and if it was later during the day and/or on Friday maybe the colleagues were not online, so it was processed only on Monday...
Sadly I can not check as I dont have your full name, but I can assure you that we have NEVER left a whd unprocessed.
Good broker
The requirements for leverage above 1:100 are 1000 CCY per account, not total clients funds.
The reason for this is the business model we run- we are pure STP Broker, and we run a low risk business model.
We limit the leverage for accounts below 1000 CCY ( USD, EUR...) balance to 1:100 as they can easily get into negative balance during high volatility events/news.
So this is to protect the client and us as a broker as well from negative balance.
FXPIG can do anything
Fund deposit and withdrawals are express fast. My favorite is their FXPIG Master Card.
With this card I no need to make withdrawals on my bank account. Because, all what I need to do is to make money transfer from MT4 to FXPIG Master Card and my money is ready to spend.
Also, their customer service is fastest which I ever met. They are always courteous and professional.
Simple, FXPIG way of working is absolutely compatible with mine. They understand the needs of traders and their business is directed towards it.
So, I decided to expand my FX business and will start with PAMM acc. on this broker.
Great recommendation from me.
Recent User Reviews of FXPIG
This broker doesn't process withdrawals
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
Different broker
competitive spreads, fast execution, very helpfull support
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.
Best Broker I ever used
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.
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.
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Frequently Asked Questions
What is FXPIG?
- Forex
- Metals
- Commodities
- Equities
- Indices
Is FXPIG regulated?
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?
What is the maximum leverage for FXPIG?
How do I open an account with FXPIG?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>>