The Official FXPIG Thread

With the SSL expired I get a warning in Firefox as the site in not secure and go back.
This may affect many of not technical users.
I suggest to renew the SSL certificate to look like professional

It was renewed... Actually, the old certificate was set to expire on the 17th and the new certificate was uploaded earlier today.

You may need to clear your SSL cache as at no single point was the certificate invalid or expired.

WE GOT YOU COVERED…


When it comes to business, and ESPECIALLY when it comes to the not-so-honest FX Industry it’s better to be safe than sorry. This is not something you would expect to hear from your FX Broker, or in our case, your FX PARTNER, but PIGs are known to be quite the honest bunch. Sometimes, even, to a fault.

Imagine if you will, a ‘doomsday’ scenario where you wake up one morning and the PIGs have fled the Pen… and are nowhere to be found. Or maybe such a fairy tail is simply too far fetched to contemplate, so let’s water that down a bit: Imagine you hit some off quoted price on a EURUSD trade with absolutely no news in sight and you are subsequently slipped 1000 pips. Now, using that ultra creative and imaginative brain of yours continue envisioning us, your loyal and trusted partners, telling you that the trade was legitimate due to a sun flare bouncing off of Venus.
Equally ridiculous, but… The question becomes: What do you do now?

It’s simple really… If you feel we have wronged you, the Financial Commission‘s professional and impartial board of directors will hear your case, and if they decide in your favor, they will cover your loss up to 20,000 USD, payable by way of their Compensation Fund, a sort of Insurance Policy for clients of member brokers.

While the ASIC is considered one of the top regulatory bodies in the world, it cannot make a similar claim as there is no such compensation plan under the guise of the Australian Government. To the same point; while the MiFID and the FCA may offer similar Compensation Funds those same regulatory bodies also place limitations on how and what you trade and the level of bureaucratic red tape can make even the simplest interactions complex and painfully slow.

PIGs love progress, and while government agencies are, and I think YOU would agree here, usually all talk and little action, the private sector is all about innovation. COMPETENT Regulation, EFFICIENT Protection, REAL Progress.
FXPIG is proud to announce that its status as a Member of the Financial Commission took effect on April 4, 2017, following the approval of its membership application by The Commission’s board of directors.

Kevin Murcko, our CEO here at FXPIG provided the following comment in regards to the news of our approval: “Our primary goal has always been creating the best trading environment possible, part of that is ensuring that we are constantly working toward aligning our interests with that of our clients. The Financial Commission is the premier EDR (External Dispute Resolution) in the retail FX industry, and it provides both our company and our valued customers peace of mind, which comes from knowing that any disputes that may arise will be arbitrated professionally and impartially”
The Financial Commission is an independent self-regulatory organization and external dispute resolution (EDR) body that is dedicated specifically to streamlining the way in which the Forex Industry deals with and resolves client complaints.

It provides brokerages and their customers with an unbiased 3rd party mediation platform, backed by nearly 75 years of industry level expertise, staffed by top market leaders and independent professionals from around the FX marketplace.

In addition, The Financial Commission also provides additional protection to clients of listed member brokers by of its Compensation Fund.
The Compensation Fund acts as an insurance policy for members’ customers. This fund is held in a separate bank account and is only accessed should a member refuse to adhere to a final judgment, as decided by the Commission’s Board.

The Compensation Fund covers judgments, related to its Category A members, up to 20,000 USD per claim.

The Financial Commission Chairman, Peter Tatarnikov, released a public statement shortly following the approval, which read; “We are pleased to see new brokers continuing to join the Financial Commission and proud to welcome “A category” member FXPIG as our latest approved member and the most recent brokerage to join the Financial Commission. Our ongoing membership growth reflects the importance of efficient dispute resolution and shows that companies and their clients value when a neutral 3rd party provides such services. Financial Commission provides an unmatched dispute resolution process which FXPIG and its customers can now take advantage of.”

Hi FXPIG,

I have question about your FIX API / Liquidity.

On your website you propose multi liquidity... can you explain what is the difference between Currenex and Sharp flow ? (i prefer trade on NY side).

What is the order latency on this liquidity ? (on a normal condition market)

Surfeur,

Sorry for the late reply here...Finding this thread is quite a task.

The SF and SFL feeds are non-bank MM feeds composed of Hedge Funds, algo shops, and the like that have agreed to take sharp flow with high decay. This does not mean they will take anything, but their threshold is higher than most and we are very open and transparent with them regarding the flow we send. Currenex is well... Currenex. They have a mix of firm and nonfirm liquidity but still generally police their flow. We have been told that their toxicity threshold is higher than before given the company is now part of Statestreet. We just launched the CX feeds so I don't have much feedback at this point.

What I read at your terms and agreement section of your website conflicts with what you have here? https://www.fxpig.com/terms-and-conditions
It shows that you prohibit latency arbitrage strategies. Please clarify it more

Kevin is a very shady guy, he seems like a great guy at first but he will screw you over every chance he gets everytime, this broker owes me like $50k or so

I used them in the past without issue.

Do you have proof for your accusations ?

@Soros, I would really appreciate some proof as well.

I am an open book, so feel free to post your proof right in this thread.

BTW Merry Christmas everyone...

i trade accounts both at FXpig and IC, with similar 10-20k size.

FXpig has 6$/lot RT comm, IC charge 7$/RT comm...( for these accts)

yet every single month the FXpig gains are inferior compare to ICM.
using a dedicated server lowered this gap to about 1-2%.
prior the dedicated server the gap was more like -10% less on FXpig for same trades same period. remember, this, despite FXpig setup has lower commission for the accounts in question.

it is not difficult to lower IC's commission with any IB link to 5.5$/RT...that would widen the gap further.
FXpig is just not a superior broker when it comes to it.
Are there worst then FXpig? yes, plenty.
Are there lot better deals than FXpig? YES, PLENTY!

hi Kevin; does FXPig offer FIX accounts?

@profitfarmer Have you contact us to see why there may exist this difference? We can help by analyzing fills on our side, we do this for a good amount of clients on a regular basis. That being said there will ALWAYS be differences between brokers and for certain strategies, setups, one broker may beat another. In terms of global quality, however, this is meaningless.

@alphadude, yes we do.

hi Kevin,
it is managed account, and isnt on my name. and sure, there are differences. thus i dont suggest any clients to go Pig. there are better deals, as the past 5 months knocked couple 1000s out from fees. since it is apples to apples, it is easy to analyse myself.
just for fun, here are the numbers from same clients same trades on another 2 accounts of his vs his PIG ( dec. 5-11, a typical one):
PIG 13.02%
IC1: 15.67%
IC2: 15.99%
and this isnt 2% difference in a month, rather in a week...anyway, good luck to you. and as for me, i prefer the setups where accounts end with more profit, for obvious reasons.

You have no access to analyze fill rates, LP execution ratios, TTL times used, rejection rates, etc.

If the owner of the account emails me I can find ways to increase his fill rates.

Everyone wants to make more profit this is not even a qualifier as a result, its a given.

Our flow is very sharp so our liquidity is very stable thus you will not see those returns diminish when you scale up or continue to see profits. On a feed that is mostly soft flow this will happen quite often.

Not everything is as simple as ROI

Cheers,

Hi Kevin, is FXPig based in NZ or Vanautu?

Vanuatu, since Dec 2016.

Cheers,

silly assumptions, Kevin!
i have full login access.
and even stated that the results are despite Pig's lower commission rate across the accounts in the example.
understandable you want to side with your broker, just like all brokers do, lol.
however, maybe, just maybe, you are wrong here. ROI and of the day that matters, and since good chunk of that directly going out from my pocket, i will recommend against FXPig to any clients or those who want to manage money.
it isnt the worst, but it is far from the better solutions!
like it or not, that is a user review, after all i put well over 1000 lots thru on your broker on the account in question, so, got some sample.

dont need to answer it, cos your assumptions are vs some hard facts of the P/L sheets i have.
thus as a trader, i dont care your reality, i will base mine on those P/L statements.
i am sure you heard about vote with your money. i do not plan to expand on FXPig, and that doesnt even touch the Vanuatu licence itself yet!

Wow, ok

I am not looking to get into a fight here.

You do not have access to the information I do... can you tell me the TTL time of each execution? The LP that took the trade? The last leg hold time of each rejection and or execution?

All I am trying to do is help. If you don't want my help fine.

As I said some brokers do better with certain strategies. This is a fact of life.

I've been looking at FX PIG, especially now UK will be limited to 30-1 leverage.

Kevin? I take it you welcome UK Clients after Jan 3rd 2018?

I'm also interested to hear all the complaints from FF members...

So far it looks good

No change to our onboarding guidelines for the UK.

Cheers,