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FXPIG reviews

FXPIG_logo FXPIG 5/10 (votes 2372)

On-line since: 2011
Country of origin: Australia
Regulation: VFSC
Payment options: international money transfer, wire transfer, credit cards and e-payments
Minimum account size: $500
Minimum lot size: 0.01 lot
Leverage: -
Spreads: from 0.1

Prime Intermarket Group Asia Pacific Limited, doing business as FXPIG, was founded in Australia in 2010. In 2011, the broker entered the online FX market for the first time.

Prime Intermarket Group Asia Pacific Limited, or FXPIG, is licensed by the Minister of Finance and Economic Development of Vanuatu, under the Vanuatu Financial Services Commission (VFSC 014578).

The broker provides access to a wide range of trading instruments that enable clients to increase their capital. However, FXPIG does not open or maintain accounts for legal entities or residents of Vanuatu, and legal entities or residents of the United States that are classified as retail or low-income clients.

The broker`s website is filled with humor and self-irony. The company chose a non-conventional and quite original label. On its website, customers are greeted with an image of a pig that has become the broker`s mascot. The broker says, "In order to be successful in this business don’t make the mistake of thinking you need a better ‘Forex Broker’, what you need is a true PARTNER, a company that will align your needs with it’s own and look to better your trading conditions in an effort to create a profitable partnership with a focus on YOUR long term profitability".

FXPIG is the official sponsor of Signature Rally, a networking supercar travel experience with like-minded people on some of the world most modern and rarest Supercars and GT sports cars.

Trading conditions

The company offers its clients to trade more than 70 currency pairs, metals, index CFDs, oil, and gas. Clients can open a trading account or try their hand at a demo account. The broker gives access to training materials and trading recommendations for beginners. Traders can also use the margin calculator and find out how many swaps they will have to pay for a trade, the amount of commission and the pip value, depending on the trade size.

The broker guarantees the immediate withdrawal of funds, flexible low spreads, and maximum leverage of 1:400.

Trading platforms

The company provides access to the popular MetaTrader 4 trading platform in both desktop and mobile versions. In addition, you can trade with FXPIG via the new cTRADER and FIX API platforms.

Support service

You can contact the support team using the feedback form, as well as via Skype or email. You can also get into PIG Messenger by clicking the floating purple widget in the lower-right corner of the website.

Deposits and withdrawals

To deposit and withdraw money, you can use popular Skrill and Neteller payments, SEPA, SWIFT, Uphold, and wire transfer. You can also withdraw money by using credit cards.

Feedback

We found dozens of positive comments about trading with FXPIG on the Internet. Traders praise the broker for giving the real opportunity to make a profit, fast order execution, and quick reliable profit withdrawal. Clients also mention that they have personal managers who give them good advice and help them make successful deals. Unfortunately, not all the comments left by clients are laudable. There is also negative feedback on the websites and forums that contain a lot of evidence that sometimes the broker’s actions cause suspicion.

Advantages and disadvantages

Pros:

  • regulated broker
  • wide array of trading instruments
  • demo account
  • great choice of trading platforms

Cons:

  • high minimum deposit
  • negative comments
  • offshore broker

Conclusion

FXPIG is one of the thousands of brokers operating in the European Union, Australia, New Zealand, the United Kingdom, and the United States. Maybe the company changed its place of registration since the broker was initially licensed in New Zealand, but in 2016 decided to open its main office in Vanuatu. In the company`s history presented on the website this fact is omitted. Despite attractive trading conditions, negative comments from traders lower the level of confidence in the broker. Besides, think twice before opening an account with an offshore broker.

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