FXPIG
Pros and Cons
Pros
- Regulated by the Vanuatu Financial Services Commission
- Diverse trading instruments: 80+ forex pairs, 150+ stocks, and multiple cryptocurrencies
- Access to popular trading platforms: MetaTrader 4, MetaTrader 5, and cTrader
- 100% STP execution with competitive spreads and low commissions
- 24/5 multilingual customer support available
Cons
- Limited regulatory oversight from the Vanuatu Financial Services Commission
- No cryptocurrency trading options available
- High minimum deposits for advanced accounts
- Lack of advanced trading platforms like MetaTrader 4 and MetaTrader 5
- Inactivity fees may apply on dormant accounts
Basic Information
User Reviews
FXPIG Overview
FXPIG is a forex and CFD broker that has been operational for over 5 to 10 years, with its headquarters located in Georgia. The company, registered as Prime Intermarket Group Eurasia LLC, is dedicated to providing a comprehensive trading experience for both retail and institutional clients. As a regulated broker, FXPIG operates under the guidelines of the Vanuatu Financial Services Commission, ensuring a degree of oversight and security for its clients’ trading activities.
FXPIG offers a diverse range of trading instruments, including forex, commodities, indices, and cryptocurrencies, making it a versatile choice for traders. The broker provides access to popular trading platforms such as MetaTrader 4 and MetaTrader 5, which are equipped with advanced tools and features to enhance the trading experience. Customer support is available 24/5 across multiple languages, ensuring that traders receive assistance whenever needed. With its commitment to competitive trading conditions, including low spreads and high leverage options, FXPIG stands out as a reliable broker in the forex market.
Is FXPIG Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Vanuatu Financial Services Commission | Vanuatu | Segregated Funds |
Is FXPIG Regulated and How Are Client Funds Protected?
FXPIG is a regulated forex and CFD broker, licensed by the Vanuatu Financial Services Commission (VFSC). This regulatory oversight provides a level of legitimacy and security for clients engaging in trading activities. Furthermore, client funds are protected through the use of segregated accounts, ensuring that traders’ capital is kept separate from the broker’s operational funds. This practice enhances fund safety, allowing clients to have greater confidence in the integrity of their investments. While the oversight from the VFSC does not equate to the stringent regulations found in more developed financial markets, it still signifies a commitment to maintaining a responsible trading environment. Overall, FXPIG’s regulatory status and fund protection measures contribute to its reputation as a legit and safe broker for both retail and institutional clients.
Trading Products and Services
What Trading Instruments Does FXPIG Offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs / Examples | 80+ |
| Commodities | Gold, Oil | Many |
| Indices | S&P 500, NASDAQ | 10+ |
| Stocks | US, UK | 150+ |
| Cryptocurrencies | BTC, ETH | 10+ |
FXPIG provides a diverse range of trading instruments across multiple asset categories, catering to various trading styles and preferences. With over 80 forex pairs, 150+ stocks, and an array of commodities and cryptocurrencies, traders can craft a personalized trading strategy that aligns with their investment goals. This diversity supports beginners looking for familiar assets, as well as seasoned traders seeking broader market exposure. Additionally, the availability of multiple asset classes assists in portfolio diversification, allowing traders to manage risk effectively while exploring various market opportunities.
Account Types and Trading Conditions
What Account Types and Fees Does FXPIG Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Standard Account | Beginners and retail traders | Low minimum deposit, access to 300+ products, 100% STP execution | Ideal for small-capital practice with a minimum deposit of $200 |
| Premier Account | Intermediate to experienced traders | Lower spreads, access to raw + commission price feed | Requires a $5,000 minimum deposit |
| Pro Account | High-frequency traders, hedge funds, institutions | Lowest trading costs, highest leverage, 100% STP execution | Minimum deposit of $50,000, suitable for high trading volumes |
Account Opening Process
Opening an account with FXPIG is straightforward. Prospective clients must complete a registration form that includes personal, employment, and financial information. Following this, identity verification is required, which involves submitting documents such as a government-issued ID and proof of address. The process is designed to be quick, with review and approval of documents typically taking an hour or less during business days. Once approved, clients can start trading immediately. Moreover, there is flexibility in the account structure, allowing for upgrades to a professional account in the future if desired.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | 0.0 | $4 per lot (raw + commission) | Tight spreads for major pairs |
| Forex (Minor Pairs) | 0.9 | $0 | Competitive spreads for minor pairs |
| CFDs (Stocks) | 0.25% | $0 | Variety of US and UK stocks available |
| CFDs (Indices) | 0.25% | $0 | Includes major indices like S&P 500 |
| Commodities (Gold, Oil) | 0.35% | $0 | Access to popular commodities |
| Cryptocurrencies (BTC/USD) | 1.0% | 0.1% | Variable spreads depending on market volatility |
Other Fees
FXPIG may charge various fees, including deposit and withdrawal fees depending on the payment method used. Inactivity fees may apply if an account remains dormant for an extended period. Clients should also be aware of any platform usage fees that may arise, along with overnight interest (swap rates) for holding positions overnight. Additionally, currency conversion fees may be applicable when trading in a different currency than the account’s base currency.
Trading Platforms and Apps
What Trading Platforms and Apps Does FXPIG Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 4 (MT4) | Windows, macOS, iOS, Android | 2FA security, market search, multiple order types, price alerts, technical indicators | Demo accounts, VPS |
| MetaTrader 5 (MT5) | Windows, macOS, iOS, Android | Enhanced charting, advanced order types, push notifications, economic calendar | Demo accounts, VPS |
| cTrader | Windows, macOS, iOS, Android | Fast order execution, market depth, customizable interface | Demo accounts, API interfaces |
FXPIG provides a selection of trading platforms to cater to various trader preferences. MetaTrader 4 is widely recognized for its robust features and user-friendly interface, making it suitable for many traders. MetaTrader 5, being the upgraded version, offers advanced tools and functionalities, ideal for those seeking more in-depth analysis. cTrader is designed for a seamless trading experience with quick execution and advanced order management capabilities. All platforms support mobile trading, ensuring traders can operate from anywhere, while secure login features and fast order execution enhance the overall trading experience.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Wire Transfer | 3–5 business days | No platform fee | Min $200, Max $50,000 | USD, EUR |
| Credit/Debit Cards | Instant | No platform fee | Min $200, Max $10,000 | USD, EUR |
| E-wallets (e.g., Skrill, Neteller) | Instant | 1.5% fee | Min $50, Max $20,000 | USD, EUR |
| Cryptocurrency | Instant | No platform fee | Min $50, Max $10,000 | BTC, ETH |
Minimum Deposit
FXPIG requires a minimum deposit of $200 to open a Standard Account, which is consistent across all payment methods. Higher minimum deposit amounts apply for other account types, such as $5,000 for the Premier Account and $50,000 for the Pro Account.
How to Withdraw
- Log in to your FXPIG account.
- Navigate to the withdrawal section in your account dashboard.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw, ensuring it meets the minimum and maximum limits.
- Submit your withdrawal request and confirm any necessary details.
- Wait for the processing time associated with your selected withdrawal method to complete.
Customer Support
FXPIG Customer Support Overview
Support Channels
FXPIG offers multiple contact methods to assist customers effectively. Traders can reach out via:
- Email: Customers can send inquiries directly to support@fxpig.com for assistance.
- Live Chat: An instant messaging feature is available on the FXPIG website for real-time support.
- Telephone: Clients can contact FXPIG via phone for direct communication.
- Social Media: FXPIG maintains a presence on various social media platforms for additional support and engagement.
Service Availability
FXPIG provides customer support from Monday to Friday, ensuring assistance across different time zones. The support team is known for its responsiveness, addressing queries promptly. Multilingual support is available, catering to clients in English, French, Chinese, and Indonesian, which enhances the overall customer experience.
Additional Resources
In addition to direct support, FXPIG offers educational resources to help traders improve their skills and knowledge. This includes video tutorials, market analysis, and trading signals, which can benefit both new and experienced traders seeking to enhance their trading strategies.
Frequently Asked Questions
Yes, FXPIG is a regulated forex and CFD broker licensed by the Vanuatu Financial Services Commission (VFSC). This regulatory oversight enhances the legitimacy and security of the trading environment for clients.
FXPIG offers three types of trading accounts: Standard Account, Premier Account, and Pro Account. Each account type is designed for different user groups, with varying minimum deposits, spreads, and execution methods to cater to both beginners and experienced traders.
Client funds at FXPIG are protected through the use of segregated accounts, which ensure that traders’ capital is kept separate from the broker’s operational funds. This practice enhances fund safety and gives clients greater confidence in the integrity of their investments.
FXPIG provides customer support through multiple channels including email, live chat, and telephone. Their support team is available 24/5 and offers assistance in multiple languages, ensuring that traders receive help whenever needed.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.