FXPig offers three different account types. Most of the features offered by each account are similar. All of them offer access to MetaTrader 4 and 5 along with cTrader. All of the accounts also offer maximum leverage of 1:500. All account types also have spreads beginning from 0.0, although they vary wildly depending on the asset class and market conditions.

The main way platforms differ from each other is in the commissions they offer. The account type traders select is based on the initial deposit required.

Standard

The standard account requires a minimum deposit of $200. The commissions on forex are $4 per lot per side for Raw+ trading and 0 for all-in trading (it has higher spreads of 0.9). There is also a commission of 0.35% on both single stocks and cryptocurrencies. The standard account also has access to scalping and to expert advisors. Lastly, FIX API is available for standard accounts.

Premiere

The premiere account requires a minimum deposit of $5000. However, it also has a more forgiving commission structure. Forex trades have a commission of $3 per lot per side for Raw+ (All-in trades have 0 commissions and spreads of 0.7) and the commissions for single stocks and cryptocurrencies are set at 0.30%. Scalping and expert advisors are once again available for Premiere account holders.

Pro

Pro is the highest-tiered account available on FXPig. It only offers Raw+ trades. The commissions are $2 per lot per side and 0.25% for single stocks and cryptocurrencies. Expert advisors and scalping are available on a ‘tick’ basis.

FXPig Trading Fees:

The exact trading commission fees which you will see at FXPig will depend on which specific trading account you have:

Standard Account: $4 per lot per side
Premiere Account: $3 per lot per side
Pro Account: $2 per lot per side

As you can see, the bigger the account you have with FXPig the lower commission fees you’ll pay for trading.

FXPig Non-Trading Fees:

When it comes to non-trading fees, FXPig does not charge anything on both deposits and withdrawals. However, it is important to remember that there still may be fees charged depending on the payment method used. For example, your bank may charge a fee for receiving or sending a wire transfer.

To learn more about broker fees and how they earn their money, check out our guide to broker fees here .

FXPig not only provides free deposits and withdrawals, but also offers multiple payment options for its users. Bank wire transfers are available as standard along with both Visa and Mastercard. On top of that, users can also use Skrill, Uphold, and NETELLER.

Unfortunately, there is no option of PayPal due to regulatory concerns. While there are a lot of other brokerages that offer more payment methods, the options available on FXPig should satisfy the needs of most users.

FXPig also has the option of withdrawing and funding through cryptocurrency. Unfortunately, the only coin supported by the platform is Bitcoin.

Traders at FXPig are able to use the following trading platforms:

• MetaTrader 4
• MetaTrader 5
• cTrader

FXPig offers a great platform selection, and therefore earns a 5/5 stars from us.

FXPig’s customer support can be a bit hit or miss depending on who you ask. The biggest problem is that the brokerage does not offer any phone support. This is considered an industry standard at this point and is one of the major gripes we have with FXPig.

FXPig does offer email and chat support. Both of these services are available twenty-four hours a day from Monday to Friday. While this is considered the standard for most brokerages, there are a handful of companies that provide support on the weekends too if they offer CFDs on cryptocurrencies. Lastly, FXPig supports a total of five languages. They are English, Chinese, Vietnamese, Thai, and Indonesian. This is more than the average offered by the competition.

We mentioned at the beginning that FXPig is loaded with features. While a few of them have already been discussed, there are a lot more for us to cover. Here is a look at all of the other major features offered by FXPig:

• While a lot of other brokerages only accept a couple of currencies, FXPig accepts USD, EUR, GBP, JPY, CAD, and AUD.
• FXPig provides Virtual Private Server (VPS) support. This is great for traders that have a strategy that works and require access to automated trading.
• Android and iOS apps that support cTrader, MT4, and MT5.
• A demo account that can be used to test strategies and learn how to trade.
• Trading contests that make use of a demo account and offer large prizes to the winners. First place rewards traders with $800, second place with $300, and third place with $200. Overall, cash prizes are awarded to the top 10 traders.
• A trading calendar that has all the important dates that a trader could need.
• FXPig has an affiliate program with uncapped commissions. Those with large followings on social media can invite people to FXPig and get a commission for every active trader referred.
• Special features for money managers that manage funds for multiple people, including performance fee calculation and sharing.

Pros of FXPig

Here are some of the main benefits of using FXPig as your brokerage:

• Platform Choice: Traders have access to MT4, MT5, and cTrader.
• High Leverage: Due to where FXPig is based, they do not have any regulations that prevent them from not offering high leverage. All accounts have access to 1:500 leverage. While there are other brokers that offer leverage as high as 1:10000, FXPig is still higher than the industry average.
• Pricing: Traders have the option for commission-free trading with a spread or paying a small commission for Raw+ trades. The spreads are also much lower on FXPig compared to the industry averages. With over 20 liquidity partners, traders can be assured of getting the best pricing possible.
• Flexibility: There are over 300 products that can be traded on FXPig.

Cons of FXPig

No brokerage is perfect, and here are a few areas where FXPig falls short:

• Minimum Deposits: While the minimum deposit for the standard account is reasonable, premiere and pro accounts require traders to put up a lot of initial capital.
• Limited Trading Resources: New traders do not have access to any resources that can help them trade.