FXPIG Review – Forex Trading Platform | Broker Reviews

FXPIG Broker Review Basics

🏛️ Based in	Vanuatu
⚖️ Regulation	VFSC
💰 Minimum Deposit	$200
💳 Deposit Options	BankTransfer, Visa/MasterCard, Skrill, Neteller, BTC, ETH, USDT
💳 Withdrawal Options	BankTransfer, Visa/MasterCard, Skrill, Neteller, BTC, ETH, USDT
📌Open an account	Start Trading with FXPIG

Our Opinion About FXPIG

FXPIG is an online trading STP broker company that specializes in forex, stocks, indices, commodities, and cryptocurrencies. It was founded in 2011 and operates under international legal authority oversight. The company is fully licensed by the Vanuatu Financial Service Commission (VFSC) and offers top-class services.

After a detailed analysis of FXPIG trading conditions, platforms, and services, we have made a favorable conclusion about this Forex agency for the Nigerian market.Among them are low spreads from 0 pips, up to MT4 / MT5 leverage ratio of 1:500, advanced trading platforms that operate throughout the week 24/5, and multilingual support with instant replies.

What distinguishes it from the rest is its highly advanced trading technology, together with its sophisticated-tier liquidity. FXPIG is a favorite among new forex, seasoned, and CFD traders in Nigeria. Based on deposit thresholds, their account tiers provide discounts on tight spreads and commissions. With regulation by VFSC, traders can have confidence in FXPIG’s legitimate and reliable operations spanning 10+ years in business. For the Nigerian market in 2024 and beyond, FXPIG delivers as a trusted broker committed to service and execution excellence.

Regulation in Nigeria

Although FXPIG does not have a physical office in Nigeria, it is supervised by powerful regulators like the Vanuatu Financial Service Commission (VFSC). These tight regulators monitor important aspects of client fund handling, capital reserves, and transparency reporting. Being registered as a regulated broker in Nigeria means your funds will be kept separate from those of the company while they also hold a sufficient capital base for their operations. Licensing by VFSC serves as evidence of FXPIG’s reliability.

FXPIG Forex Broker Review: Legit or Scam?

FXPIG is a legitimate brokerage firm that has been operating for over ten years now and is licensed by top-tier regulators. They are transparent in disclosing all account terms, fees, risks, and policies on their website. As an established broker, FXPIG focuses on client retention through reliable forexmt4 services rather than a scam operation looking for quick profits. After much review, their long track record speaks for itself – FXPIG is not a scam.

FXPIG Trading Instruments

FXPIG provides trading access across these markets

• Forex – 80+ currency pairs, including majors, minors, and exotics
• Stocks – 150+ US and EU publicly traded companies
• Cryptocurrencies – 60+ top cryptos, including Bitcoin and Ethereum
• Commodities – Gold, silver, oil, natural gas
• Indices – 12 major global stock index CFDs

This diverse product range lets Nigerian traders access thousands of global markets.

FXPIG Account Types

FXPIG offers these main account tiers:

Type	Spreads	Min. Deposit	Max. Leverage	Commission
Standard	From 0.1 pips	$200	1:500	$4 per lot
Premier	From 0.1 pips	$5,000	1:500	$3 per lot
Pro	From 0.1 pips	$50, 000	1:500	$2 per lot

Standard Account

The Standard account features a reasonable $200 minimum deposit of 0-0.9 pip spreads. Traders pay a transparent $4 commission per lot without dealing spreads. All assets and platform access are available with up to 1:500 maximum leverage. No restrictions on trading activities are imposed. This entry-level account suits most new Nigerian traders.

Premier Account

For the $5,000 minimum deposit, the Premier account offers reduced spreads from 0-0.7 pips and low $3 lot commissions. Traders gain access to all instruments, platforms, and efficient 1:500 leverage. Priority technical support provides value for committed investors, creating a premium experience.

Pro Account

The Pro account targets professional investors with a higher minimum $50,000 deposit requirement. In exchange for sizeable capital, traders receive the tightest 0 pip fixed spreads and discounted $2 lot commissions. Robust 1:500 leverage continues across the 6,000+ tradeable products. The Pro account delivers active traders institutional grade spreads and pricing.

Trading Tools

FXPIG offers a variety of technical trading tools, including:

1. Expert advisors (EAs) for automated trading
2. Virtual private servers (VPS)
3. MAM for fund managers
4. PAMM managed accounts
5. Moving Average Convergence/Divergence (MACD)  
6. Parabolic SAR (stop and reverse)

FXPIG Leverage, Spread, and Commissions

Key points about FXPIG’s competitive fee structure include;

• High leverage up to 1:500 offered
• Raw ECN spreads from 0 pips available
• Reduced commissions on higher tier accounts (as low as $1 per lot)

By providing deep liquidity, tight variable spreads, and high leverage, FXPIG ensures affordable market access. Such competitive trading conditions allow Nigerian clients to enter larger positions while minimizing transaction costs. The combination of institutional grade liquidity, spreads from 0 pips, and leverage up to 1:500 gives Nigerian traders affordable access to trade currencies in relevant sizes.

FXPIG Deposits and Withdrawals

FXPIG offers flexible banking options, including:

Bank Wires

Bank wires allow Nigerian clients to send Naira directly to FXPIG’s segregated client funds accounts from their bank accounts. This ensures efficient and secure funding.

Debit/Credit Cards

The online portal provided by Fxpig allows for instant deposits using Visa or MasterCard debit or credit cards. Nigerian debit/credit card holders can deposit in Naira quickly.

eWallets

eWallets like Skrill and Neteller are popular in Nigeria due to fast processing and low fees. Nigerian clients can link their eWallet to a Naira bank account.

Cryptocurrency

BTC allows Nigerian clients to deposit using cryptocurrency, which can offer privacy benefits and convenience.

The multiple deposit and withdrawal options cater to Nigerian clients’ needs for local payment solutions when trading with FXPIG.

FXPIG Registration – How to Open a Trading Account

Opening a live or demo account with FXPIG has a streamlined process:

• Select account type and submit personal details
• Verify email and identity
• Make a minimum deposit to activate the account
• Access trading platforms to begin trading
• The online application takes just minutes to complete. Support staff assists with any questions.

FXPIG Bonuses and Promotions

FXPIG offers periodic promotions, including: 

Periodic Promotional Offers

FXPIG provides periodic promotions rather than a standard deposit bonus for new clients. These periodic promotions offer things like free VPS hosting, cash rebates on trading commissions, and other benefits to select clients. The promotions provide extra value on top of FXPIG’s tight trading spreads and conditions.

Traders Union Rebates

FXPIG offers rebates and bonuses through its partnership with Traders Union. These rebates provide additional savings for FXPIG clients who are also members of the Traders Union service. The rebates can make trading more profitable.

Contests

FXPIG runs trading contests that offer prizes and bonuses to top performers. Contests allow traders to profit above and beyond their normal trading gains. The contests have specific terms and eligibility criteria for participants.

PAMM/MAM Accounts

FXPIG clients can earn additional income by investing in the platform’s managed PAMM and MAM accounts. Skilled managers can provide split profits with investors according to agreed terms.

No Deposit Bonus

FXPIG does not currently offer a traditional deposit bonus for new clients. They focus more on trading conditions and periodic promotions than a bonus upon account opening. This may change in the future.

FXPIG Trading Platforms

For desktop and mobile access, FXPIG provides the powerful MetaTrader suite along with cTrader and FIX API:

1. MetaTrader 4 (MT4) – Customizable third-party platform with advanced tools
2. MetaTrader 5 (MT5) – Enhanced version of MT4 with more assets and indicators
3. cTrader – Sophisticated alternative platform tailored to active traders
4. FIX API – Solution for automated and high-frequency trading systems

These trading platforms cater to different trading requirements. This means that you are not limited to access based on your device.

FXPIG Education and Research

FXPIG in Nigeria assists beginner traders through resources like trading tutorials, a terminology glossary, an economic calendar, daily market analysis, demo accounts, and more. For example, the broker provides trading calculators and tools to help with planning. FXPIG also offers a detailed economic calendar and daily market analysis to help guide trading decisions.

Beginners can access forex and CFD trading tutorials that explain terminology, strategies, risk management, and more. Additionally, FXPIG provides unlimited demo account access so forex traders can practice risk-free before investing real money. The educational resources help beginner traders augment their skills and knowledge regardless of experience level.

FXPIG Customer Support

FXPIG provides 24/5 customer assistance via:

• Email and web contact forms
• Local phone numbers
• Live chat platform

Their multilingual team aims to resolve queries and issues quickly.

Our Verdict

Our FXPIG review checks all the boxes for Nigerian forex traders as a trusted broker with stellar trading conditions, robust platforms, and accountable service backing it all. In 2023, FXPIG remained one of the best industry leaders catering to the Nigerian market.

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