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The Official FXPIG Thread

  • #61
  • Dec 27, 2017 3:29pm Dec 27, 2017 3:29pm
one thing I applause Kevin is his willingness to interact with clients in public forums. I remember reading quite lot of material from him in other forum such as Donaforex.

Although I am not a client of FXPig but I find Kevin answers candid and straight to the pionts.
  • #62
  • Dec 28, 2017 7:30am Dec 28, 2017 7:30am
Quoting Phil_GMT
I'm also interested to hear all the complaints from FF members
I was a client (2014), i can only repeat Profitfarmer's statements :" not the worst, not the best"
you can do your homework by comparing , side by side Fxopen and Fxpig (same data feed) with spreads and commissions included. Who is the more beneficial ?


https://www.myfxbook.com/forex-broker-spreads

Let me add one important point with regard to regulation, are you sure you can compare a clowny registration in Vanuatu and an ironclad UK FCA compensation sheme if the firm fails ?
  • #63
  • Dec 28, 2017 10:18am Dec 28, 2017 10:18am
@duxis...

MyFXBook shows one of our 6+ pricing feeds. The MPA feed, which has FXOPEN as an LP and the prices are not identical but as FXOPEN is top of book for most of the ticks on a majority of pairs, there is a bit of overlap.
Kevin Murcko | CEO at FXPIG
  • #64
  • Dec 28, 2017 10:20am Dec 28, 2017 10:20am
Just one thing here I have to say; pricing feeds and liquidity change greatly over time based on the flow that is passed over said feeds. The same feed can react one way today and another tomorrow. We have a lot of happy clients who compare us and do better at FXPIG and we have clients like profitfarmer and duxis that do better elsewhere. Such is life. I would never say we are the best choice for every trader, but we are the best choice for certain traders.
Kevin Murcko | CEO at FXPIG
  • #65
  • Dec 28, 2017 10:42am Dec 28, 2017 10:42am
Quoting FXPIG.Kevin
The same feed can react one way today and another tomorrow.

What do you mean? In what aspects?


Quoting FXPIG.Kevin
... but we are the best choice for certain traders.

What traders? Who are you talking about?
  • #66
  • Dec 28, 2017 10:46am Dec 28, 2017 10:46am
Quoting FXPIG.Kevin
Just one thing here I have to say; pricing feeds and liquidity change greatly over time based on the flow that is passed over said feeds. The same feed can react one way today and another tomorrow. We have a lot of happy clients who compare us and do better at FXPIG and we have clients like profitfarmer and duxis that do better elsewhere. Such is life. I would never say we are the best choice for every trader, but we are the best choice for certain traders.

well thought out Kevin!

PS.
mind you feeds quality do change, and the client account is traded there...only on my suggestion for most part the money was shifted to other brokers. if and when i will find that the feeds in comparison come out better at FXPig, will shift back. from the money manager standpoint, all what the broker gain is directly involve my pocket too, the least is to steer client money this way. same goes for the other brokers i trade with, not only PIG or IC. not one was dropped in the past 6 months where clients had money, for your benefit to name a few that came worst than FXpig and the rest were like FXCM, MtCook, Finotec, Purple...
take these feedbacks as a chance to improve, not as an attack.
things are monitored, results regularly compared.
of course regulation is also an issue, and a reason vs. larger accounts. as Duxis also mentioned, i find the same: most investor rather go with a more solid FCA, than anything from an end-of-the -world exotic island. ( btw, had the luck to visit there too, i know what i talk about!)
there is always, always another trade!!
  • #67
  • Edited 12:41pm Dec 28, 2017 10:51am | Edited 12:41pm
What do I mean?

Let's assume we have two brokers, broker A, and broker B. Both source liquidity from LP 1.

Now broker A has an average decay (a study of the speed of profitability and toxicity) of 5 seconds and broker B has a standard retail 'soft' flow.

Broker A will see a completely different set of execution metrics from LP1 than broker B will see.

In this same vein, a feed can change day to day based on the trade flow that is passed over it. Most of our traders are profitable. Thus over time, we are moved from the standard retail feeds at most LPs to feeds that are not set on instant execution. However if an LP moves us and then sees a majority of soft flow they can move us back one day to the next, and if they pop to the top of book then the overall execution quality changes. We also can make changes to TTF, TIF, and other settings to change the way we interact with LPs based on a daily trade flow analysis.

And what traders?

Well, toxic traders, guys who need to fill larger trade sizes in one clip, guys who need multiple feeds, the ability to adjust certain parameters to induce different execution metrics, etc.
Kevin Murcko | CEO at FXPIG
  • #68
  • Dec 28, 2017 10:53am Dec 28, 2017 10:53am
Quoting profitfarmer
{quote} well thought out Kevin! PS. mind you feeds quality do change, and the client account is traded there...only on my suggestion for most part the money was shifted to other brokers. if and when i will find that the feeds in comparison come out better at FXPig, will shift back. from the money manager standpoint, all what the broker gain is directly involve my pocket too, the least is to steer client money this way. same goes for the other brokers i trade with, not only PIG or IC. not one was dropped in the past 6 months where clients had...
Sure regulation is another story entirely. And one I could fill an entire forum with... but no need to waste everyone's time here.

Good luck with your trading...
Kevin Murcko | CEO at FXPIG
  • #69
  • Dec 28, 2017 12:33pm Dec 28, 2017 12:33pm
Quoting FXPIG.Kevin
Just one thing here I have to say; pricing feeds and liquidity change greatly over time based on the flow that is passed over said feeds. The same feed can react one way today and another tomorrow. We have a lot of happy clients who compare us and do better at FXPIG and we have clients like profitfarmer and duxis that do better elsewhere. Such is life. I would never say we are the best choice for every trader, but we are the best choice for certain traders.
I agree with this argument; as I am experiencing that every day with my broker. LPs sometimes reject your orders if they treat it as a sharp flow (aka toxic flow).

I don't want to mention the broker names; but it happened to me with more than one broker; where you get good execution first few months; then it degrades.
  • #70
  • Dec 28, 2017 12:36pm Dec 28, 2017 12:36pm
Quoting FXPIG.Kevin
What do I mean? Let's assume we have two brokers, broker A, and broker B. Both source liquidity from LP 1. Now broker A has an average decay (a study of the speed of profitability and toxicity) of 5 seconds and broker B has a standard retail 'soft' flow. Broker A will see a completely different set of execution metrics from LP1 than broker B will see. In this same vein, a feed can change day to day based on the trade flow that is passed over it. Most of our traders are profitable. Thus over time, we are moved from the standard retail feeds at most...
Well said; can't get clearer than that. I wish by current broker explained this to me as Kevin is doing here. I had to find out the hard way
  • #71
  • Feb 4, 2018 4:26pm Feb 4, 2018 4:26pm
I have accounts with both, and yes on average FX pig spreads are .5-1 pip more then Icmarkets. They can go as high as 1-5 pips on CHF ect. There are some advantages to FX pig but IC with easy of moving money in and out etc is very good. Depends what your needs are. Cant go wrong with either one atm imho.
  • #72
  • Jun 4, 2018 11:44am Jun 4, 2018 11:44am
Hi everyone, is this thread still alive? 4 months last reply...(?)

Is it because everyone is happy with FxPig, or because you all left....?

Has anyone here had issues withdrawing their funds from FxPig?
  • #73
  • Jun 4, 2018 12:03pm Jun 4, 2018 12:03pm
I opened an account in Summer 2016. I am happy with FXPIG service, support and have no issues withdrawing funds.
  • #74
  • Jul 19, 2018 3:26pm Jul 19, 2018 3:26pm
Quoting meyoik
Hi everyone, is this thread still alive? 4 months last reply...(?) Is it because everyone is happy with FxPig, or because you all left....? Has anyone here had issues withdrawing their funds from FxPig?
did you?
  • #75
  • Jul 19, 2018 4:16pm Jul 19, 2018 4:16pm
Quoting Tengizhan
{quote} did you?
What about you?
  • #76
  • Jul 19, 2018 8:56pm Jul 19, 2018 8:56pm
Quoting Tengizhan
{quote} did you?
I don't have an account with them. I just wanted to know what people's experiences were with this broker.
  • #77
  • Nov 8, 2018 12:35am Nov 8, 2018 12:35am
Their client area login is offline for at least 24 hours now. Trading is not affected but you can not manage, deposit or withdraw on your own.

I am not aware of the situation processing requests via their customer service. They are at least available though.
  • #78
  • Nov 13, 2018 7:50am Nov 13, 2018 7:50am
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Watch our video and get to know how to connect to your FXPIG trading account through Quantower platform

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  • #79
  • Last Post: Dec 18, 2018 12:16am Dec 18, 2018 12:16am
I saw this on FXPIG the AUDUSD a 50 pip spike and was using the MT4 but didnt see it on ctrader really wierd because no other broker could i find this spike from not even FX futures or futures or true ecn brokers so why on MT4 and not on Ctrader. This seems suspect to me??? My buddy has live account and this spike was there also on MT4.spa????
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