Score
Georgia
|
5-10 years
| https://www.fxpig.com/
Website
Rating Index
MT4/5
Full License
FXPIG-DEMO
Influence
C
Influence index NO.1
Germany 2.89
MT4/5 Identification
Full License
United KingdomInfluence
C
Influence index NO.1
Germany 2.89
LicensesLicensed Entity：Prime Intermarket Group Asia Ltd
License No. 014578
Georgia
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
fxpig.com Ireland| FXPIG Review Summary | |
| Founded | 2009 |
| Registered Country/Region | United States |
| Regulation | VFSC (Revoked) |
| Market Instruments | Forex, cryptos, energy, metals, indices, US stocks |
| Demo Account | ✅ |
| Spread | From 0.0 pips |
| Leverage | Up to 500x |
| Trading Platform | MT4, MT5, cTrader |
| Minimum Deposit | $200 |
| Customer Support | Contact ticket, live chat, WhatsApp, Telegram |
| Social platforms: Facebook, Twitter, LinkedIn, Instagram | |
| Email: support@fxpig.com | |
| Address: Lisi Lake, Hall 1, Floor 2, Flat N6, Tbilisi, Georgia, 0159 | |
| Restricted Regions | UK, EU countries |
FXPIG is a US-based forex broker who offers a wide range of trading services in 300+ products, including assets in forex, commodities, cryptos, indices and US stocks. It offers a demo account for you to get familiar with the platform and your trading strategy. Besides, three tiered live accounts are available to suit different levels of investors.
Traders can excute trades on the well-acclaimed MetaTrader 4 and 5 platforms, as well as cTrader. Trading tools such as VPS, trading calenders, are available to enhance trading efficiencies.
However, one crucial point to note is that although the broker claims to be regulated by the VFSC, the regulation status is revoked only, indicating possibility of withdrawal of the license.
| Pros | Cons |
| Demo accounts | Revoked VFSC regulation |
| MT4 and MT5 platforms | Trading commissions charged |
| Tight starting spreads | High minimum deposit |
| Multiple tiered accounts | |
| Live chat support |
FXPIG is currently being regulated by VFSC (Vanuatu Financial Services Commission) with license no. 014578.
However, you should be aware that the regulation status is listed as revoked, suggesting a possible suspension or cancellation of the brokers license.
| Regulated Country | Regulator | Current Status | Regulated Entity | License Type | License No. |
 | VFSC | Revoked | Prime Intermarket Group Asia Ltd | Retail Forex License | 014578 |
| Trading Instruments | Supported |
| Forex | ✔ |
| Cryptos | ✔ |
| Energy | ✔ |
| Metals | ✔ |
| Indices | ✔ |
| US Stocks | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
FXPIG not only offers a demo account for you to simulating real trading with virtual funds before tapping into real trading, but also three tiered live accounts with different traidng conditions to suite various levels of investors and different products:
| Account Type | Minimum Deposit | Spread | Commission for forex | Commission for index CFD | Commission for single stock | Commission for cryptos |
| Standard | $200 | From 0.0 pips | $4 per trade | ❌ | 0.35% | 0.35% |
| Premiere | $5,000 | $3 per trade | ❌ | 0.3% | 0.3% | |
| Pro | $50,000 | $2 per trade | ❌ | 0.25% | 0.25% |
FXPIG offers leverage up to 500x, allowing traders to amplify their initial position at 500 times.
However, leverage not only signifies profits, but also losses, thus please always deal with leverage at your utmost cautions with full considerations.
FXPIG claims to use the world renowned MetaTrader 4 and 5 platforms, which are well-recognized by its advanced charting tools and robust functionalities.
Besides, cTrader, suitable for experienced investors who want depth of market, is also available with FXPIG.
You can reach the platforms on web, or download app from Windows, mobiles phones.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Web/Windows/Mobile phones | Beginners |
| MT5 | ✔ | Web/Windows/Mobile phones | Experienced traders |
| cTrader | ✔ | Web/Windows/Mobile phones | Seasoned traders |
I haven’t seen any mention of inactivity fees from FXPIG. However, from my experience with other brokers, I’d recommend checking their terms to be sure. I wouldn’t want to leave my account dormant and incur any unexpected fees down the line, especially when I’m using my FXPIG login to monitor my trading activity.
FXPIG has three main account types: Standard, Premiere, and Pro. For me, the Standard account, with a $200 minimum deposit, seems like a good starting point. But if I want lower commissions and better conditions, the Premiere and Pro accounts require much higher deposits, at $5,000 and $50,000, respectively.
There isn’t much information available about FXPIG’s deposit fees, which is great. However, I couldn’t find any clear mention of withdrawal fees in my FXPIG review. I’d suggest reaching out to FXPIG’s support for a precise answer, especially if I plan on withdrawing large amounts.
FXPIG offers a wide range of assets, including forex, cryptocurrencies, metals, energy, indices, and US stocks. I find this diversity really beneficial because it allows me to create a varied trading portfolio. However, I noticed that FXPIG doesn’t offer bonds or ETFs, so I’ll have to look elsewhere for those.
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FX3444396492
Netherlands
Fxpig broker scammed me of my money, I deposited and traded but all to no avail.. I don't advise any one to put their money in this broker
Exposure
FX8014810532
Nigeria
I haven't been able to withdraw my funds for 2 weeks now, it has been pending approval by the broker and their minimum withdrawal threshold is very high
Exposure
Mayaz Ahmad
Bangladesh
They scammed a client $1900 and pays people to give positive reviews about them on websites.
Exposure
FX2684620553
United States
Very easy to trade on this broker, sign up, verification, to deposit I didn't have a difficult time like other encounters I have had
Positive
FX1283071792
Nigeria
one thing i like about this broker is that it was fast to deposit and also to transfer funds within accounts
Positive
FX9927743072
United Kingdom
FXpig broker was better than I thought, very easy to deposit and also I haven't encountered any issues at all yet
Positive
mimi1516
France
Started trading on this broker recently and I must say it hasn't given hard time like some other broker, it was easy to deposit
Positive
Benedict Lee
Singapore
fxpig is registered in Vanuatu and seems to be atotal scammer! it doesn't have any regulation license and one user reported its scam behaviors.
Neutral