Ranking of brokers are subject to change. Elements that impact our ranking include general Broker Information, such as regulation, year estableshed, avaliable languages, trading platform features, ease of use and customer service. Additional elements that effect the ranking too are the number of consumer visits, percentage of sign ups and purchased services, the user device, operating system, location, the day of the week and time of day.
FXPIG, a Forex brokerage which is located in New-Zealand and also registered there, is a relatively new firm – it launched as recently as 2009. According to the company’s website, their goal is to create a "…sophisticated yet simple direct access trading technology to online investors…". On their site they offer the MT4 trading platform for ECN and DMA trading. The minimum deposit to open a DMA account is $10,000 USD while an ECN account can be opened with $,1,000. Scalping is allowed and the maximum leverage is 200:1. Spreads on FXPIG are variable.
FXPIG prides itself for dealing over 40 types of Forex pairs. Where we found the company to be limited during our FXPIG review, however, is in the fact that the website is available in English only. FXPIG is not NFA regulated, so they do not accept US traders. Traders from some other countries are also banned, including Burma, Afghanistan, Iran and Iraq, among others.
Also during our FXPIG review we found that the company is especially proud of its customer support team, which is available around-the-clock during the trading week over the phone, email, Skype and live-chat. Their staff is manning the stations all the time and they make every effort to give special attention to each client.
The site itself is actually very welcoming and pleasant. The main and basic information in clear on the home page and the graphic design is nice to the eyes – it is not too garish or too dark. Overall, we found FXPIG to be quite professional despite its kitschy name. But then again, even that is somewhat welcome in the otherwise overly serious world of Forex trading.
Did you have a good experience with this broker? A bad one? Tell our team and traders worldwide about your experience in our User Reviews tab. Your email address will not be posted.
Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate, irrelevant or promotional links will also be removed.
Review info: FXPIG
Review Date: 2014-02-04
Rating : 3.5
Reviewed By : Sara Patterson (Google+)