FXPIG Broker Review for Kenya

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 a CFD broker offering Kenyan traders access to various trading platforms for speculating over 300 financial instruments. Its asset selection covers major indexes like the FTSE. The company is fully licensed by the Vanuatu Financial Service Commission (VFSC) and is dedicated to providing top-notch services to its clients.

Based on our deep analysis of their trading conditions, technology, and customer satisfaction level, FXPIG is the best broker for the Kenyan market. FXPIG claims 100% fast straight-through processing (STP) execution through 18+ Tier-1 and Tier-2 liquidity providers, offering low spread and high leverage up to 1:500 and a minimum deposit requirement of $200.

Its institutional-grade trading infrastructure allows FXPIG to have deep liquidity pools and be accountable for its client service. For novice and experienced retail traders in Kenya looking for a reliable international broker, FXPIG is a premier option. Their tiered account structure grants reduced spreads/fees to larger depositors while facilitating smaller clients’ entry.

With over a decade of operations and oversight by reputable regulatory bodies, FXPIG has demonstrated its capabilities as a stable brokerage for Kenyans needing quality execution and transparency.

FXPIG’s Regulation in Kenya

While FXPIG does not have a physical office in Kenya, it is governed by leading international regulatory agencies like VFSC. This oversight monitors their operations’ key aspects, including client fund segregation, capital reserves, and reporting processes. Registration with VFSC assists in safeguarding Kenyan traders’ interests when dealing with FXPIG. The supervision requires FXPIG to uphold stringent standards for fund safety and responsible practices.

FXPIG Forex Broker Review: Legit or Scam?

Operating since 2010, FXPIG is a known brokerage headquartered in Vanuatu that provides Forex and CFD trading services. They have served over 4 million clients in the past decade. FXPIG retains clients long-term by providing reliable trading services, not exploiting traders. Their extensive track record and regulatory status confirm that FXPIG is a trusted agency in Kenya for safely trading forex, stocks, commodities, and cryptocurrency. After rigorous review, FXPIG maintains its reputation as a credible brokerage in the market.

FXPIG’s Trading Instruments

FXPIG grants access to trade these diverse financial markets:

• Forex – Over 80 currency pairs, including majors, minors, and exotics
• Stocks – 150+ major publicly listed companies in the US and EU
• Cryptocurrencies – 60+ top cryptos such as Bitcoin, Ethereum, and more
• Commodities – Gold, silver, oil, natural gas
• Indices – 12 major global stock index CFD products

This wide range of tradable products allows Kenyan traders to access thousands of international markets to diversify their portfolios.

FXPIG Account Types

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 has a minimum deposit of $200. It offers spreads from 0.9 pips plus a $4 commission per lot traded. Leverage up to 1:500 is available. This account provides full access to FXPIG’s trading platforms and instruments. The Standard account is suited for beginner traders looking to start with a lower minimum balance.

Premier Account

The Premier account requires a $5,000 minimum deposit. It provides reduced spreads starting from 0.7 pips plus a $3 per lot commission. Leverage up to 1:500 is also available. Additional benefits include priority customer support service. The Premier account is ideal for traders who meet the higher minimum deposit and want lower trading costs.

Pro Account

The Pro account has a $50,000 minimum deposit requirement. It offers the tightest spreads starting from 0 pips plus a $2 per lot commission. Leverage up to 1:500 is available. Pro account holders also get a dedicated account manager. The Pro account best suits high-volume traders who benefit most from the lowest spreads and commissions that FXPIG provides.

FXPIG’s tiered account structure accommodates clients of all sizes. Larger deposit clients get increased discounts on spreads and fees, while smaller traders can still access FXPIG’s trading services.

Trading Tools

FXPIG provides the following helpful trading tools and resources:

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 provides various extras beyond its trading platforms that assist with analysis, education, and account management. The tools aim to enhance clients’ trading experiences and development.

FXPIG Leverage, Spread, and Commissions

The main benefits of FXPIG’s pricing structure consist of:

1. High leverage amounts up to 1:500
2. Institutional ECN spreads from 0 pips on Pro accounts
3. Discounted spread or commission rates for bigger accounts

FXPIG provides affordable costs to Kenyans through super-tight spreads, access to deep interbank liquidity, and industry-leading 1:500 leverage. This structure empowers flexibility in position sizing while reducing transaction fees.

FXPIG Deposits and Withdrawals

FXPIG accommodates local payment preferences through these options:

Bank Wire Transfers

FXPIG supports local bank wire transfers, which allow Kenyan traders to deposit Kenyan Shillings (KES) directly from their bank account. Transferring directly from a local Kenyan bank provides a convenient funding option.

Debit/Credit Cards

FXPIG also accepts Visa and Mastercard debit/credit cards. Cards enable instant deposits to be made quickly and securely on FXPIG’s website. This allows fast access to trading funds.

eWallets

FXPIG supports popular e-wallets like Skrill and Neteller, commonly used in Kenya. eWallets allow fast deposits and withdrawals with low fees. Kenyans can link their eWallet to their local KES bank account.

Cryptocurrency

Bitcoin deposits allow privacy, convenience, and flexibility. Kenyans can fund their accounts using Bitcoin instead of traditional payment methods.

These convenient payment methods make it easy for Kenyans to use KES deposits and withdrawals through their local currency.

How to Open a Trading Account

Opening a live or demo account with FXPIG is easy for Kenyans. All you need to do is follow the following steps:

1. Choose the account type and input your details
2. Verify email and identity
3. Deposit the minimum amount to activate the account
4. Access trading platforms to commence trading
5. The online application takes just minutes. FXPIG support assists with any questions 24/5.

FXPIG Bonuses and Promotions

FXPIG provides occasional promotions, including:

Trading Contests

FXPIG runs trading contests that award prizes and bonuses to top-performing traders. Contests create opportunities to earn rewards beyond normal trading profits. Traders compete based on metrics like percentage returns or profitability.

PAMM/MAM Rebates

Investing in FXPIG’s PAMM and MAM-managed accounts can generate rebates. Based on an account’s performance, investors earn cashback on their investment. This provides potential passive income.

Traders’ Union Rebates

FXPIG provides rebates and cashback for traders who are members of the Traders’ Union. This exclusive offer rewards TU members for choosing FXPIG as their broker.

Special Offers

FXPIG periodically runs special promotions such as spread/commission discounts, free VPS access, and more. These limited-time offers provide additional value to traders.

FXPIG’s promotions give traders ways to lower costs and earn rewards on top of the already competitive normal trading conditions.

FXPIG Trading Platforms

FXPIG provides access to premier trading platforms like:

• MetaTrader 4 (MT4) – Popular third-party platform with advanced trading tools
• MetaTrader 5 (MT5) – Enhanced version of MT4
• cTrader – Sophisticated alternative platform with unique features
• FIX API – For automated and algorithmic trading systems

This range of technology accommodates varying trading needs and skills. Kenyans can use the platform they prefer, whether it is MT4, MT5, cTrader, web, or mobile.

FXPIG Education and Research

FXPIG offers extensive educational resources to help beginner traders expand their skills. This includes video courses explaining forex and CFDs from scratch, allowing new traders to gain an understanding of markets and terminology. FXPIG also provides trading guides, eBooks, and a detailed glossary to build technical knowledge. Beginners can practice risk-free with unlimited demo account access. The education suite aims to augment new traders’ skills before they risk capital.

In addition to beginner resources, FXPIG supplies daily market analysis and valuable data tools for experienced traders. Their economic calendar covers scheduled events that impact markets. Technical and fundamental analysis is published daily to provide actionable insights. Customizable calculators help traders plan positions and manage risk. FXPIG furnishes tools and education for traders of all skill levels to make informed trading decisions.

FXPIG’s Customer Support

FXPIG offers 24/5 customer assistance through:

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

Their multilingual customer support team aims to address queries promptly and professionally.

Final Verdict

FXPIG stands out as one of the top forex brokers for Kenyan traders, considering their regulation, account options, low fees, bonuses, and trading platforms. Their comprehensive brokerage services can benefit new traders just starting and more experienced veterans in the market. They provide an overall package that delivers stellar value. With ultra-competitive spreads from 0 pips, abundant leverage up to 1:500, regulated operations, robust trading platforms, and educated support – FXPIG succeeds as a premier brokerage for the Kenyan market moving forward.

FXPIG Broker Review FAQs