FXPIG Review: Is FXPIG a Good Broker?
Broker overview and general information
FXPIG is a Multi-Asset Broker specializing in Forex and Contracts for Difference (CFDs) with expertise in multi-asset trading.STP (Straight Through Processing)100% execution This means that orders are sent directly to liquidity providers without any intervention from the broker, giving traders transparent and fast prices and execution.
Broker Licensing and Regulation
If you ask whether FXPIG is good or not, you must first consider the license factor. The broker has the following licenses:
⚠️Warning: Although the broker is regulated, many users are concerned about the VFSC license as it is a Tier D license, which makes users feel uncertain about the regulation under this agency.
And there is no information from the broker to confirm that this license is effective to regulate FXPIG, so you should consider this factor again before investing.
FXPIG Products and Services
Trading products
Forex: Over 80+ currency pairs to trade with low spreads starting from 0.0 pips and leverage up to 500:1.
Cryptocurrencies: Supports trading of over 60+ cryptocurrencies with 24/7 trading, including weekends, with 10:1 leverage.
Commodities (energy and precious metals): Traders can trade commodities such as gold, silver and oil through various platforms with leverage up to 500:1.
Indices (stock market indexes): FXPIG™ offers leading stock market indices from around the world, including EU and US, with no trading restrictions.
Stocks (Stocks): Supports trading of over 150+ stocks from EU and US markets.
Trading Platform
This broker offers a wide range of trading platforms such as:MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader and FIX APIWhich is suitable for traders of all levels, from beginners to professional investors.
MT4
CTRADER
cTrader
cTrader Copy
cTrader Web
cTrader iPhone/iPad
cTrader Algo
MT5
FIX API
FXPIG Review: Account Types
Standard Account
Raw +Commission
Minimum deposit: 200 USD, EUR, GBP, CAD, AUD, JPY
Spread: 0.0
Maximum leverage 500:1
Commission: $4 / lot / side
All-In
Minimum deposit: 200 USD, EUR, GBP, CAD, AUD, JPY
Spread: 0.9
Maximum leverage 500:1
Commission: 0
Premiere Account
Raw +Commission
Minimum deposit: 5,000 USD, EUR, GBP, CAD, AUD, JPY
Spread: 0.0
Maximum leverage 500:1
Commission: $3 / lot / side
All-In
Minimum deposit: 5,000 USD, EUR, GBP, CAD, AUD, JPY
Spread: 0.7
Maximum leverage 500:1
Commission: 0
Pro Account
Raw +Commission
Minimum deposit: 50,000 USD, EUR, GBP, CAD, AUD, JPY
Spread: 0.0
Maximum leverage 500:1
Commission: $2 / lot / side
Customer Service
Broker Overview Summary
FXPIG is a broker that offers online trading in the financial markets, with a platform designed to cater to experienced traders. However, this broker has some drawbacks that should be carefully considered before choosing to use it, especially in terms of security and transparency. Due to the lack of regulation from a reliable authority, investors may be concerned about the safety of their funds.
In addition, Islamic accounts are not supported, which is a limitation for Muslim traders who want trading conditions that are in line with their religion. Therefore, they should consider other brokers that offer Islamic accounts instead. In addition, this broker lacks transparency in explaining deposit and withdrawal channels and fees, which may make investors unsure of the costs that may occur.
Limited customer support channels are another disadvantage that investors should consider, as it can delay troubleshooting or emergency assistance.
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FXPIG Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide which broker suits your needs.
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