All Share (J203) = 87 916
Rand / Dollar = 18.17
Rand / Pound = 23.52
Rand / Euro = 19.84
Gold (usd/oz) = 2 984.02
Platinum (usd/oz) = 991
Brent (usd/barrel) = 70.51
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

FXPIG Reviewed

FXPIG Review
According to research in South Africa, FXPIG is owned and operated by a company called Prime Intermarket Group Asia Pacific Ltd, of which the trading name FXPIG is a playful acronym and operates under the authority of the Vanuatu Financial Services Commission.

 

FXPIG at a glance

🔍 Broker's NameFXPIG
🏛 HeadquarteredRepublic of Vantu
📅 Year Founded2010
📝Regulating AuthoritiesVanuatu Financial Services Commission.
🌍 Countries not accepted for tradeAll OFAC sanctioned countries
📒 Islamic Account (Swap Free)No
📒 Demo AccountYes
📒 Institutional AccountsNo
💻 Managed AccountsYes
📊 Maximum Leverage500:1
💰 Minimum Deposit$200
ZARR3 000 ZAR
💳 Deposit Options

💳 Withdrawal Options
Bank Wire, Credit & Debit cards, BTC, USDT, Neteller, Skrill and Uphold
📊 Platform TypesCtrader
MetaTrader4
MetaTrader5
📲 OS CompatibilityAndroid, Mac, Microsoft Windows, Mobile, Web, iPhone
📈 Tradeable Assets Forex, Stocks, Indices, Metals, EFT's, Energies, Cryptocurrencies, CFDs
🌐 Languages supported on WebsiteEnglish, Chinese, Thai, Bahasa
☎ Customer Support LanguagesEnglish, Chinese, Bahasa, Thai, Spanish, German, French etc
☎ Customer Service Hours 24 hours, five days a week
📌 Open an Account👉 Click Here 👈

 

Min Deposit

USD 200

Regulators

VFSC

Trading Platform

MT4, cTrader, FIX API

Crypto

Yes

Total Pairs

250+

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Choose your quick section of our FXPIG review below.

 

FXPIG Review Revealed  – A Key 18 Point Quick Overview

  1. FXPIG at a glance
  2. FXPIG Sign-up Bonus
  3. FXPIG Minimum Deposit
  4. FXPIG Account Types
  5. FXPIG Account Features
  6. How to open an FXPIG account – Step by Step
  7. FXPIG Demo Account
  8. Islamic Account
  9. FXPIG Trading platforms
  10. FXPIG Fees and Spreads
  11. FXPIG Deposit fees and deposit methods
  12. FXPIG vs Deriv vs DeltaStock – A Comparison
  13. FXPIG Current Popularity Trends
  14. FXPIG Customer Review
  15. FXPIG Pros and Cons
  16. Conclusion
  17. Disclaimer
  18. Frequently Asked Questions

 

Prime Intermarket Group Asia Pacific Limited, doing business as FXPIG™, holds a Principal’s License for dealing in securities, granted by the Minister of Finance and Economic Development of Vanuatu, under the arm of the Vanuatu Financial Services Commission (VFSC Company Number 014578).

 

As such, the company aims to make the rather serious business of forex trading an enjoyable and relaxed experience, while still including some of the serious trading features associated with other brokers on the market.

 

FXPIG Overview

 

Min Deposit

USD 200

Regulators

VFSC

Trading Platform

MT4, cTrader, FIX API

Crypto

Yes

Total Pairs

250+

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

FXPIG Sign-up Bonus

 

FXPIG does not offer any sign-up bonus or other promotional offers. Traders who register a real account with FXPIG are not offered either a sign-up bonus, a deposit bonus, or a welcome bonus. Offering a deposit or welcome bonus is the best way in which to assure traders that they will receive some money back depending on the initial deposit made.

 

🌐 Broker FXPIG
Sign up bonus📌No
Referral bonus📌No
Affiliate program☑ Yes

 

Although FXPIG does not offer bonuses, rewards, promotions, or competitions traders should not be discouraged by this from registering for a real account as bonuses may still be in the planning and development phases to be announced at a later stage.

 

 

FXPIG Sign Up Bonus

 

FXPIG Minimum Deposit

 

FXPIG has a minimum deposit requirement of only $ 200. This minimum deposit amount was equivalent to ZAR 3 000 at an average current exchange rate between the US Dollar and the South African Rand at the time of writing.

 

🌐 Standard account🌐 Premiere 🌐 Pro account
Minimum deposit$200$5000$50 000
ZARR3 000 ZARR75 00 ZARR750 000 ZAR
Currency baseUSD, EUR, GBP, CAD, AUD, JPYUSD, EUR, GBP, CAD, AUD, JPYUSD, EUR, GBP, CAD, AUD, JPY
📌 Open an account 👉 Click Here 👉 Click Here 👉 Click Here

 

FXPIG Minimum Deposit

 

FXPIG Account Types

 

FXPIG offers a choice between three different types of accounts with two different price feeds. Type of feeds includes All-In and Raw+ Commissions, while the account types offered are Standard accounts, Premiere accounts, and Pro accounts.

 

🌐 Standard account🌐 Premiere 🌐 Pro account
Minimum deposit$200$5000$50 000
ZARR3 000 ZARR75 00 ZARR750 000 ZAR
Currency baseUSD, EUR, GBP, CAD, AUD, JPYUSD, EUR, GBP, CAD, AUD, JPYUSD, EUR, GBP, CAD, AUD, JPY
📌 Open an account 👉 Click Here 👉 Click Here 👉 Click Here

 

FXPIG Account Types

 

FXPIG Account Features

 

FXPIG Standard Account

 

🌐 Standard Account
Raw + CommissionAll In
💳 Minimum deposit$200$200
ZARR3000 ZARR3000 ZAR
💸 Available Base CurrenciesUSD, EUR, GBP, CAD, AUD, JPYUSD, EUR, GBP, CAD, AUD, JPY
📉 Spreads0 0.9
📊 Maximum Leverage 500:1500:1
📉 Minimum Trade Size0.10.1
💰 FX Commission$4 per lot side0
💰 Index CFD Commission00
💰 Single Stock Commission0.35%0.35%
💰 Crypto Commissions0.35%0.35%
📉 EAs Allowed YesYes
📉 Scalping AllowedYesYes

 

Standard Account

 

FXPIG Premier Account

 

🌐 Premiere Account
Raw + CommissionAll In
💳 Minimum Deposit$5000$5000
ZARR75 000 ZARR75 000 ZAR
💸 Available Base Currencies USD, EUR, GBP, CAD, AUD, JPYUSD, EUR, GBP, CAD, AUD, JPY
📉 Spreads00.7
📊 Maximum Leverage 500:1 500:1
📉 Minimum Trade Size 0.10.1
💰 FX Commission$3 per lot side 0
💰 Index CFD Commission00
💰 Single Stock Commission0.30%0.30%
💰 Crypto Commission0.30%0.30%
📉 EAS AllowedYesYes
📉 Scalping AllowedYesYes

 

Premiere Account

 

FXPIG Pro Account

 

🌐 Pro Account
Raw + Commission
💳 Minimum Deposit$50 000
ZARR750 000 ZAR
💸 Available Base Currencies USD, EUR, GBP, CAD, AUD, JPY
📉 Spreads0
📊 Maximum Leverage 500:1
📉 Minimum Trade Size 0.01
💰 Index CFD Commission0
💰 FX Commission$2 per lot side
💰 Single Stock Commission0.20%
💰 Crypto Commission0.20%
📉 EAS AllowedYes
📉 Scalping AllowedYes

 

Pro Account

 

How to open an FXPIG account – Step by Step

 

To register for, and set up a live account with FXPIG, traders can follow these steps:

 

  • Step 1: Click “open live account” to  register details

 

Traders will be directed to the FXPIG Homepage, Trader must click on “open live account” to start the processing in registration of an FXPIG live account.

 

How to open a FXPIG trading account step 1

 

  • Step 2: Register your details

 

Traders will be redirected to a page where they will be asked to provide a first name, last name, password, and email address so to open a live account. Traders have the choice of selecting their platform, currency, and account type.

Click “next” to proceed.

 

How to open a FXPIG trading account step 2

 

  • Step 3 –  provide contact details

 

The trader must provide their country of residence, cellphone number, and email address. Next, agree to the terms and conditions of FXPIG to submit the live account form.

 

How to open a FXPIG trading account step 3

 

  • Step 4: Access the FXPIG Trading platform

 

Traders can get verified and start trading.

 

How to open a FXPIG trading account step 4

 

FXPIG Demo Account

 

FXPIG offers traders the option to open a demo or practice account which can be utilized in several ways, including the following: A practice account for beginner traders who wish to hone their trading skills and gain experience in a risk-free environment using virtual funds.

 

🌐 FXPIG
🆓Demo Account
📌 Account Features $10 000 virtual funds
Mimcs live trading
30 day free trial
Open an account👉 Click Here

 

Traders who want to evaluate and compare brokers would like to explore FXPIG’s trading conditions in a risk-free environment. Traders who want to test their trading strategies in an imitated live trading environment without risking their capital.

 

FXPIG Demo Account

 

Islamic Account

 

FXPIG does not offer traders who follow Sharia law the option of an Islamic Account. The purpose of an Islamic Account is that it caters explicitly to Muslim traders who follow the strict rules of Sharia law. These rules prevent followers from paying any type of interest, such as overnight fees, which are seen as exploitive or wasteful.

 

Traders who are interested in registering for an Islamic account must contact the broker’s customer support team to verify the availability and current conditions of such an account as conditions may have changed from the time of writing.

 

FXPIG Trading platforms

 

FXPIG offers three popular trading platforms, namely MetaTrader4, cTrader, and FIX API.

 

MetaTrader4

 

The MT4 platform is undoubtedly one of the most popular platforms in the forex industry, providing fast execution, a wide selection of charting tools, and analytics on a highly streamlined interface. The MT4 platform is available for both iOS and Android and can be downloaded to a desktop or as an app.

 

FXPIG MetaTrader4

MetaTrader5

 

MetaTrader has always been the go-to platform for retail traders for more than a decade. With the new and improved MetaTrader 5, it becomes easier to monitor and control your trading quickly and precisely with advanced order management and feature-packed charting capabilities. MetaTrader 5 is available on both Standard and Pro account tiers.

 

FXPIG MetaTrader5

 

cTrader

 

cTrader is compatible with all price feeds from FXPIG. Not only that, it has advanced market data and functionality. cTrader also has an integrated FIX API connection as well if required. Available on Mac, Windows, Mobile and WebTrader.

 

FXPIG cTrader

 

FXPIG Fees and Spreads

 

FXPIG’s spreads on EUR/USD start from 0.0 pips. Fees, spreads, and commissions that traders can expect on the company’s spread list when trading with FXPIG are as follows:

 

🌐 Standard account🌐 Premiere account🌐 Pro account
💳 Minimum Trade size 0.010.010.01
💰 FX Commissions$4 per lot per side $4 per lot per side $4 per lot per side
💰 Index CFD Commissions000
💰 Single Stock Commissions0.35%0.30%0.25%
💰 Crypto Commission0.35%0.30%0.25%
📊 Trading RestricitionsNoneNoneNone
📌 Open an account👉 Click Here 👉 Click Here 👉 Click Here

 

On the All-In Account Types the following commissions are charged:

 

🌐 Standard account🌐 Premiere account
💳 Spreads0.9pips0.7pips
💰 FX Commission00
💰 Index CFD Commissions
00
💰 Single Stock Commissions0.35%0.30%
💰 Crypto Commissions0.35%0.30%
📊 Trading RestricitionsNoneNone
📌 Open an account 👉 Click Here 👉 Click Here

 

FXPIG Fees and Spreads

 

FXPIG Deposit fees and deposit methods

 

Compared to other brokers, the minimum deposit amount that FXPIG requires when traders register a live account is fair. FXPIG offers traders various payment or deposit methods which can be used when funding accounts. Withdrawals usually have to be returned by the same method used to deposit and to the same bank account.

 

FXPIG accepts the following deposit methods:

 

💳 Bank wire
💳 Visa credit card
💳 Skrill
💳 Neteller
💳 Bitcoin
💳 Uphold

 

FXPIG does/not levy additional fees, and third-party charges may be applicable. Processing times for deposits are promised to be fast – within 24 hours. USD, EUR, GBP, JPY, AUD, ZAR, and CAD are accepted as deposit currencies. Traders must ensure that they verify whether their financial institution charges its fees.

 

FXPIG deposit fees and deposit methods

 

 

FXPIG vs Deriv vs DeltaStock - A Comparison

🥇 FXPIG🥇 Deriv🥇 DeltaStock
💳 Minimum Deposit$200$5$100
ZARR3000 ZARR75 ZARR1 500 ZAR
🎉 Bonus📌No📌No📌No
☪️️ Islamic Account📌No📌No📌No
💻 MT4☑ Yes📌No☑ Yes

 

FXPIG Current Popularity Trends

 

According to Google Trends, here is an overview of how frequently the search term – “FXPIG” is entered into Google’s search engine over a given period of time.

 

 

FXPIG Customer Review

 

The best brokerage, hands down! 5*

I have been with FXPIG over the last few years and it has been a pleasant experience. The main things for me are that they have extremely tight spreads, great leverage options and that the customer service is extremely responsive and friendly. I would recommend this brokerage. – David Bhidey

IG 5 Star Review

very good customer service and i love…

very good customer service and i love them very much
raw spreads especially on currencies – Nico

IG 4 Star Review

Great Broker Better than Avatrade

Great Broker Better than Avatrade x 400. I suggest you set up their PP card as well so u can spend your profits instantly. Defo is worthy of 10/10. My friends have all moved to FXPIG. – Wiz Stewart

IG 3 Star Review

 

FXPIG Pros and Cons

 

✔️ Pros❌ Cons
Institutional Pricing with all in fees as low as $10 per million per sideLimited Leverage to non-professional clients
Multi Asset broker: More than 250+ products including 62 FX Pairs, Global Shares with seamless execution, 20+futures contracts, No Last Look Stock Exchange Indices, CFDs on Precious Metals and Energies, and cryptocurrencies around the clock.
Various deposit methods including Bank Wires, Credit Cards, Cryptocurrencies, Skrill, Neteller etc.
Clients’ funds are segregated from company daily operations

 

Min Deposit

USD 200

Regulators

VFSC

Trading Platform

MT4, cTrader, FIX API

Crypto

Yes

Total Pairs

250+

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

You might also like: FXPIG Account Types Overview

You might also like: FXPIG Demo Account – Step by Step

You might also like: FXPIG Fees and Spreads

You might also like: FXPIG Minimum Deposit

You might also like: FXPIG Sign up Bonus

 

Conclusion

 

FXPIG is an excellent choice for traders of any level and style, offering as it does a secure and comprehensive trading environment, with low spreads and commissions, multiple instruments, and advanced platforms. FXPIG’s mission is to provide retail and institutional clients around the world with an exceptional trading environment and empower them to reach their full potential.

 

Built by traders for traders, our team members have a trading experience that spans back to the 80s and have successfully traded on all major financial markets from Asia to North America. That said, smaller retail traders will appreciate the relatively low minimum deposit of $200 or its equivalent, though advanced traders will enjoy the higher and more variable leverage.

 

Contact FXPIG

 

Disclaimer

 

CFDs and Forex are not only complex instruments, but they also have a high level of risk which may result in loss of funds that exceed the trader’s initial deposit. Traders need to evaluate their objective, level of risk exposure and willingness to be exposed to risks, according to research done in South Africa.

 

Frequently Asked Questions

 

How many instruments can I trade with FXPIG?

 

FXPIG offers approximately Total pairs 250+, FX 80+, Stocks and EFTs 130+, Indices 10+, Precious Metals 10+ and Crypto 10+ including the famous Dogecoin.

 

Which trading platforms are supported by FXPIG?

 

  • MetaTrader4
  • cTrader
  • FIX API

 

What spreads can I expect with FXPIG?

 

FXPIG offers variable spreads for each pair, with most spreads falling between 0.1 – 0.2 Pips.

 

Is FXPIG a legit broker?

 

Yes, FXPIG is legit as it is regulated by the Vanuatu Financial Services Commission.

 

What is the overall rating out of 10 for FXPIG?

 

9/10

 

5/5 - (3 votes)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

April 20, 2022

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

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