FXPIG Broker Review – Top Forex Trading Broker | TradeForex

FXPIG Forex Broker Review Basics

🏛️ Based in	Vanuatu
⚖️ Regulation	VFSC
💰 Minimum Deposit	$200
💳 Deposit Options	BankTransfer, Visa/MasterCard, Skrill, Neteller, BTC, ETH, USDT
💳 Withdrawal Options	BankTransfer, Visa/MasterCard, Skrill, Neteller, BTC, ETH, USDT
📌Open an account	Start Trading with FXPIG

Our Opinion About FXPIG

FXPIG is an online forex and CFD broker operating since 2010. Based in the Republic of Vanuatu, FXPIG is regulated by the Vanuatu Financial Services Commission (VFSC). The company is owned and operated by Prime Intermarket Group Asia Pacific Ltd, where the FXPIG acronym comes from. 

Some key benefits we found with FXPIG include tight spreads from 0 pips, advanced trading platforms like MT4 and cTrader, and support for trading crypto, forex, indices, stocks, metals, and energies. The firm also has excellent customer service.

Regulation in Africa

When searching for brokers in Africa, it’s vital to consider regulation. FXPIG is regulated by the VFSC, which provides oversight and help with dispute resolution. FXPIG conducts operations under a Principal’s License for securities dealing granted by Vanuatu’s Minister of Finance and Economic Development. 

This license falls under the scope of the Vanuatu Financial Services Commission, where FXPIG holds the registered VFSC Company Number 014578. For African traders, it’s reassuring knowing FXPIG is overseen by a respected regulatory body. The license verifies its legitimacy and robust compliance procedures.

FXPIG Forex Broker Review: Legit or Scam?

After a thorough research and analysis, we have no reason to believe it is a scam broker. FXPIG is transparent in operations, handles client fund segregation correctly, and is an ECN broker that provides real market access. While risks always exist, FXPIG checks the boxes of a legitimate broker.

Some key signs we look for when checking out scam brokers include lack of regulation, market manipulation claims, refusal to resolve disputes or pay clients, and consistency between marketing and trading. None of these red flags appear present with FXPIG.

FXPIG Trading Instruments

FXPIG offers trading on the following instruments:

• Forex: Over 80 currency pairs available
• Crypto: Popular cryptos like Bitcoin, Ethereum, and Litecoin
• Stocks: Access to global stock CFDs
• Indices: CFDs on significant world indices
• Metals and Energies: Trade gold, silver, oil, and more

Traders have access to all the major trading markets, providing diversity in trading options beyond just forex.

FXPIG Account Types

FXPIG allows clients to choose 3 different account types. Fees spreads and platform access vary across the accounts:

Type	Spreads	Min. Deposit	Max. Leverage	Commission
Standard	From 0.1 pips	$200	1:500	$4 per lot
Premier	From 0.1 pips	$5,000	1:500	$3 per lot
Pro	From 0.1 pips	$50, 000	1:500	$2 per lot

Standard Account

The FXPIG Standard account provides a relatively low minimum deposit of $200. Traders access spreads from 0.9 pips on the All-In account pricing or commissions up to $4 per lot on the Raw account. The Standard account can access popular platforms like MT4, MT5, and cTrader for manual and automated trading. With low costs and advanced platforms, the Standard account suits most beginner forex traders.

Premiere Account

The Premiere account increases the minimum deposit to $5,000 for more active traders but offers tighter spreads from just 0.7 pips. Traders still get access to all FXPIG’s trading platforms to enable different strategies. By qualifying for the Premiere account tier, broker commissions are reduced to $3 per lot traded. So, for high-volume traders, the Premiere can significantly lower trading costs.

Pro Account

Experienced investors with a $50,000 minimum to deposit should consider FXPIG’s Pro account. Spreads from 0 pips provide direct market access and further discounted commissions of only $2 per standard lot. Additional advanced features are also unlocked for Pro account holders. For frequent traders making large transactions, the Pro account’s ultra-low trading expenses can maximize profitability over the long run.

Trading Tools

FXPIG integrated both the MetaTrader 4 and MetaTrader 5 platforms. These provide fast execution, custom indicators and EAs, backtesting, and other advanced trading features. The firm also offers more technical trading tools, such as: 

• Expert advisors (EAs) for automated trading
• Virtual private servers (VPS)
• MAM for fund managers
• PAMM managed accounts
• Moving Average Convergence/Divergence (MACD)  
• Parabolic SAR (stop and reverse)

FXPIG Leverage, Spreads and Commissions

Leverage of up to 1:500 is available across all FXPIG account types. This allows traders to maximize account exposure for only a small upfront deposit. Spreads offered are competitive from 0 pips, depending on the account. Active traders will benefit from low spreads and commissions as small as $2 per 100K traded. This can reduce a significant cost compared to other brokers. Therefore, trading costs are quite low, especially for high-volume traders. Lower costs mean more profit potential on wins and less expense on losses.

FXPIG Deposits and Withdrawals

FXPIG allows deposits and withdrawals using the following payment methods:

Bank wire transfer

Bank wire transfers are one of the original electronic funds transfer methods, allowing direct payments from one bank account to another. The process involves confirming account and routing numbers between banks and entering payment details. Wires are best for large, time-sensitive transactions where certainty of funds is critical.

Debit/credit cards

Payment cards like Visa allow electronic payments by debiting money directly from your bank account or allowing short-term credit. Swiping a card or entering information online connects to the Visa network to approve and finalize transactions. Cards offer convenience, rewards, and protection.

eWallets

Electronic wallets like Skrill and Neteller provide account-based online payment services. You deposit money into an account and transfer funds to merchants and individuals. Payments happen instantly, though adding/withdrawing funds from wallets can take time. 

Cryptocurrencies

Cryptocurrencies like Bitcoin allow direct peer-to-peer digital payments without intermediaries. Users download currency “wallets” to send/receive coins via secure blockchain entries. Crypto appeals by enabling global decentralized payments for its users.

FXPIG Registration – How To Open A Trading Account

Follow these steps to open a trading account with FXPIG broker:

1. Enter Details: Fill in your name, email, password, and account currency preference.
2. Verify Details: Confirm your identity and contact information for the application.
3. Make a deposit. Fund your account via the preferred payment method to start trading.
4. The process is straightforward, and account activation happens quickly after approval.

FXPIG Bonuses and Promotions

FXPIG takes a unique approach to bonuses by providing ongoing promotions rather than a one-time reward for new clients. Promotions include;

Trader Union Rebates

FXPIG offers commission rebates and bonuses to clients who are also Union members. The rebates allow qualified FXPIG traders to return additional money to their trading accounts, further boosting profitability.

Contests

FXPIG runs focused trading contests with terms and eligibility criteria for participants. The contests allow top-performing traders to win various prizes and monetary bonuses beyond what they make through everyday trading. For skilled traders, the competitions represent a chance to capitalize even more within the FXPIG ecosystem.

PAMM/MAM Accounts

Clients seeking passive income options can invest in FXPIG’s PAMM and MAM fund accounts, which seasoned professionals manage. Investors can earn solid returns by allowing the PAMM/MAM managers to put their strategies to work. Based on agreed profit-sharing arrangements, fund managers will split a percentage of gains with their backers. Hands-off traders benefit through the success of proven leaders.

FXPIG Trading Platforms

Traders using desktop or mobile devices can easily access FXPIG trading platforms, which include: 

• MetaTrader 4 (MT4) – Customizable third-party platform with advanced tools
• MetaTrader 5 (MT5) – Enhanced version of MT4 with more assets and indicators
• cTrader – Sophisticated alternative platform tailored to active traders
• FIX API – Solution for automated and high-frequency trading systems

Traders can access robust tools for analysis and execution tailored to their specific workflow. The flexible platform setup empowers traders to customize their approach without limitations imposed by the device.

FXPIG Education and Research

FXPIG assists beginner traders across Africa through educational resources like trading tutorials, economic calendars, daily market analysis, demo accounts, and more. It provides unlimited demo account access so African forex traders can practice risk-free before investing real money. These research and educational materials help beginner traders in Africa continuously augment their skills and knowledge regardless of experience level. By targeting learning gaps with helpful planning resources, informed market insights, and demo trading accessibility, FXPIG empowers African traders to take control of their success.

FXPIG Customer Support

FXPIG Client Services teams are available 24 hours a day. Assistance can be reached via the following methods:

• Live chat through their website
• Dedicated email from the Client Services staff
• Telephone support in a variety of languages

Getting quick help when issues arise can be critical in fast-moving markets. So, having 24-hour assistance is an advantage many brokers don’t provide.

Our Verdict

FXPIG comes across as a well-established and professional broker. Their trading environment includes advanced platforms, low spreads, multiple markets, and helpful support – ideal for active traders. They provide African traders with a legitimate platform to trade forex and crypto comfortably. 

FXPIG Broker Review FAQs

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