FXPIG Review and Tutorial 2020

Stop United States not accepted.

Go to the Brokers List for alternatives

FXPIG Facts & Figures

FXPIG is a straight-talking forex, indices & commodities broker offering tight spreads.

InstrumentsForex, CFDs, indices, commodities
Demo AccountYes
Min. Deposit$500
Min. Trade0.01 lots
Regulated ByVFSC
MT4 IntegrationYes
MT5 IntegrationNo
Mobile AppsYes
Auto TradingYes
Trade SignalsNo
Islamic AccountNo
Trade CFDs across multiple markets with up to 1:400 leverage.
FTSE Spread2.7
GBPUSD Spread0.8
Oil Spread3.9
Stocks SpreadN/A

Trade over 60 forex currency pairs from around the world.

GBPUSD Spread0.8
EURUSD Spread0.3
EURGBP Spread0.6
Risk Warning – Your capital is at risk

FXPIG is a direct access forex broker offering MT4, cTrader, and FIX API. This review will cover regulation, commissions, PAMM accounts, and more. Find out if you should login and start trading with FXPIG.

FXPIG Company Details

Prime Intermarket Group Asia Pacific Ltd, trading as FXPIG, was founded in New Zealand in 2010 and holds a license with the Vanuatu Financial Services Commission (VFSC). In 2017 the broker became a member of the Financial Commission of Hong Kong.

Opting for a distinctive, light-hearted brand, FXPIG provides a fun and interactive trading experience for its users.

Trading Platforms

MetaTrader 4

MetaTrader 4 (MT4) offers a full package of trading tools and FXPIG claim they’ve made the platform even better, with features including:

MT4 is compatible with Windows PCs and can be downloaded from the broker’s website.

cTrader WebTrader

cTrader is a newer but arguably more advanced platform, suitable for all levels of traders. It’s a web-based platform, so users can trade anywhere with an internet connection.

Features include:

FXPIG cTrader platform


FXPIG offers FIX 4.4 to all clients with no minimum volume requirements or minimum monthly brokerage costs. FIX API is different from MT4 and cTrader in that you trade directly over the FIX API connection, resulting in quicker order execution times. FIX API is ideal for experienced traders and is accessible from the account area.


Although the main offering is 60+ forex pairs, FXPIG also offers trading in:

Spreads & Commissions

Spreads on major forex pairs start at 0.3 pips for the EUR/USD, around 0.8 for the GBP/USD, and 0.6 for the EUR/GBP. This is competitive and makes the broker an attractive proposition if you’re looking to keep trading costs down.

Commissions are also charged depending on the account and platform used. There is a 25 per million commission when trading on the MT4 platform which goes up to 30 per million when trading on cTrader.


At FXPIG, leverage depends on account balance, rather than account type. Maximum leverage of 1:100 is offered to clients with account balances of less than 1,000. This goes up to 1:200 for accounts with more than 1,000. There are opportunities for higher leverages up to 1:400, however, the stop out level will rise to 100%.

A useful margin calculator can be found on the broker’s website.

Mobile Apps

FXPIG offers MT4 and cTrader platforms as mobile apps. Both are available for download to iOS or Android devices. Users can also find QR codes for the cTrader mobile platform from the broker’s website.

Clients can stay connected to the platform while on the go and benefit from many of the same features available on the desktop and web trader versions.

FXPIG cTrader mobile app

Payment Methods


Deposits are available via a few trusted methods:

The minimum deposit is $500 and most methods offer instant payment processing.


Withdrawals are available via the following methods:

FXPIG also offers its own PIGcard which provides low cost and instant withdrawals from eWallet accounts and is available in EUR, GBP, and USD. Cards can be ordered from within the MyFXPIG area.

Demo Account

A demo account is available for those who wish to practice trading before going ahead with a live account. From the MyFXPIG portal, users can choose to open as many demo accounts as they want, both on the MT4 and cTrader platforms.

Deals & Promotions

At the time of writing, FXPIG does not offer any no deposit bonuses or welcome rebate promotions. This may change so check the broker’s website before you create an account.

Regulation & Licensing

FXPIG operates under a license from the Vanuatu Financial Services Commission (VFSC). Though not operating under a top-tier regulator, FXPIG was approved as a member of the Financial Commission in Hong Kong. The broker also segregates client funds in separate accounts and has a $20,000 compensation fund backed by the Financial Commission.

Additional Features

FXPIG offers a number of additional features, including an Education page with blogs, articles, and videos, as well as a Market Analysis page to educate both new and seasoned traders. Other trading tools include calculators for stop loss/take profit, margin, SWAP, commissions, and more. Social trading is also available through Myfxbook.

Account Types

There are three main account types, or liquidity feeds, to choose from:

A custom feed is also available upon request.

The SPA account takes liquidity from bank and non-bank market makers, which makes it good if you’re looking for consistent pricing, tighter spreads, and higher tick values. The MPA account takes liquidity from ECN venues and a mix of non-bank market makers, whilst the SFL account takes liquidity from a variety of dark pools.

All accounts require a $500 minimum deposit and are available in AUD, EUR, GBP, JPY, and USD. The minimum order size is 1,000 units and trading commissions are 25 per million on MT4 and 30 per million on cTrader. The maximum leverage is 1:400 for all accounts, however this is dependent on account balance.

FXPIG also offers several PAMM accounts: D.O.O.R., Smart Alpha, Volta, ONDA, and FXTitan. See the broker’s website for more details.


There are several reasons to trade with FXPIG:


Reviews also point to several drawbacks of FXPIG:

Trading Hours

Forex trading is open 24 hours 5 days a week from 5 pm EST on Sunday until 4 pm EST on Friday. Specific trading hours for indices and commodities vary and can be found on the broker’s website.

Customer Support

FXPIG’s customer support can be reached via:

On testing the live chat service, responses were received within a couple of minutes and support staff were helpful.

User Security

The MetaTrader 4 platform is secured with 128-bit Secure Sockets Layer (SSL) encryption as well as two-factor authentication. cTrader secures client data through cTrader ID (cTID) credentials, which are held at dedicated servers.

FXPIG Verdict

With its unique brand, FXPIG offers something different. Clients benefit from decent liquidity, tight spreads, helpful customer service, plus the MT4 and cTrader platforms. For beginner traders, however, the minimum deposits are quite high and the website can feel confusing. Overall, if you’re looking for something fun and different, FXPIG could be the right option.

Accepted Countries

FXPIG accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use FXPIG from United States, Vanuatu.


What accounts are available at FXPIG?

There is a choice of three main accounts and liquidity feeds: SPA, MPA, SFL. There is also the option to open a customised account upon request. In addition, FXPIG offers several PAMM account options that are detailed on the website.

What payment methods are available at FXPIG?

Deposits can be made via bank transfer, credit/debit cards, Neteller, Skrill, and Uphold. Withdrawals can be made via Neteller, Skrill, credit card, and local ATMs. There is also the option to move money back to your credit card, or transfer via Euro SEPA, worldwide SWIFT, or Uphold.

What is the commission rate on FXPIG accounts?

Across all accounts, commission is charged at 25 per million on the MT4 platform and 30 per million on the cTrader platform.

Where is FXPIG regulated?

FXPIG operates under a license from the Vanuatu Financial Services Commission (VFSC). The broker is also a member of the Financial Commission in Hong Kong.

How do I open an account at FXPIG?

You can open a live trading account from the main website page. Follow the on-screen registration and verification instructions. To open a demo account, you simply need to choose login credentials, for which you’ll need your email address.

FXPIG is a straight-talking forex, indices & commodities broker offering tight spreads.