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.
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