Abstract：Do you face massive losses due to astonishing spreads at FXPIG? Have you witnessed multiple trade executions by the Georgia-based forex broker even though you wanted to execute a single order? Has this piled on losses for you? Is the FXPIG withdrawal too slow? Maybe your trading issues resonate with some of your fellow traders. In this FXPIG review article, we have shared these issues so that you can introspect them thoroughly before deciding on the best forex trader.
Do you face massive losses due to astonishing spreads at FXPIG? Have you witnessed multiple trade executions by the Georgia-based forex broker even though you wanted to execute a single order? Has this piled on losses for you? Is the FXPIG withdrawal too slow? Maybe your trading issues resonate with some of your fellow traders. In this FXPIG review article, we have shared these issues so that you can introspect them thoroughly before deciding on the best forex trader.
Top Trading Complaints Against FXPIG
The Fund Scam Allegation via High Spreads
It all boils down to the spread when executing a forex order, especially when closing positions. The high spreads, as alleged by the trader, caused losses to the trader, who commented that every trade made at FXPIG is a losing proposition because of this. The disappointing trade figures on the FXPIG login made the trader share this review.
FXPIG No Longer Available on the MT5 Platform Claim
A trader admitted that FXPIG is no longer available on the MT5 platform. He further conceded difficulty in adding accounts. The difficulty experienced due to this made the trader share the FXPIG review this way.
The Goof-up in Trade Order Execution
This is a strange complaint where a trader tried to execute a trade order on XAUUSD. However, the FXPIG trading platform executed it multiple times. This happened twice for the trader and severely impacted his forex trading account. The trader urged the broker to remove this error from the account to help him continue with the trading challenge. The FXPIG support teams response to this situation was also not good, according to the trader. Here is how the trader summed up the situation through this critical FXPIG review.
The Heinous Approach to Forex Investment Scam Claim
According to the trader, FXPIG created a Hypertrade.ai company to defraud investors. Recounting his miserable story, the trader generated profits via Hypertrade. However, the trader witnessed a trading account suspension soon after, scamming all his funds. As the trader raised it, the FXPIG support official backed off by saying that Hypertrade is a different entity. Here is the FXPIG review shared by the trader.
The Usual Fund Withdrawal Delays
Traders blame FXPIG for intentionally delaying their fund withdrawals despite meeting the requirements. One trader, upon failing to receive funds after two weeks of a withdrawal request, shared this FXPIG review online.
Regulatory Flags Raised by the Trader
A trader, who despite not having any deposit or withdrawal issues, tried to dig deep by researching the FXPIGs regulatory framework. Upon research, the trader found that the company was registered in Vanuatu, where many companies can easily obtain a license by paying less and offering no protection to clients. The region is also considered one of the weakest jurisdictions globally, according to the trader. Here is a long and informed review of FXPIG.
WikiFX Shares the FXPIG Review: Score & Regulation Status
The complaints against FXPIG point to a serious breach of trading norms and caused losses for traders. Alarmed by the incident, the WikiFX team conducted a detailed evaluation of the brokers operational status. The regulatory concerns were raised further, as the broker was found to be an unregulated entity. Consequently, the team gave the broker a score of 2.45 out of 10.
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