- 1 FXPIG Broker Review Basics
- 2 Our Opinion About FXPIG
- 3 FXPIG’s Regulation in Kenya
- 4 FXPIG Forex Broker Review: Legit or Scam?
- 5 FXPIG’s Trading Instruments
- 6 FXPIG Account Types
- 7 Standard Account
- 8 Premier Account
- 9 Pro Account
- 10 Trading Tools
- 11 FXPIG Leverage, Spread, and Commissions
- 12 FXPIG Deposits and Withdrawals
- 13 Bank Wire Transfers
- 14 Debit/Credit Cards
- 15 eWallets
- 16 Cryptocurrency
- 17 How to Open a Trading Account
- 18 FXPIG Bonuses and Promotions
- 19 Trading Contests
- 20 PAMM/MAM Rebates
- 21 Traders’ Union Rebates
- 22 Special Offers
- 23 FXPIG Trading Platforms
- 24 FXPIG Education and Research
- 25 FXPIG’s Customer Support
- 26 Final Verdict
- 27 FXPIG Broker Review FAQs
FXPIG Broker Review Basics
|🏛️ Based in
|💰 Minimum Deposit
|💳 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
|From 0.1 pips
|$4 per lot
|From 0.1 pips
|$3 per lot
|From 0.1 pips
|$2 per lot
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.
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.
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.
FXPIG provides the following helpful trading tools and resources:
- Expert advisors (EAs) for automated trading
- Virtual private servers (VPS)
- MAM for fund managers
- PAMM managed accounts
- Moving Average Convergence/Divergence (MACD)
- 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:
- High leverage amounts up to 1:500
- Institutional ECN spreads from 0 pips on Pro accounts
- 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.
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.
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.
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:
- Choose the account type and input your details
- Verify email and identity
- Deposit the minimum amount to activate the account
- Access trading platforms to commence trading
- The online application takes just minutes. FXPIG support assists with any questions 24/5.
FXPIG Bonuses and Promotions
FXPIG provides occasional promotions, including:
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.
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.
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.
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
The minimum deposit to open a Standard Account with FXPIG is $200 or an equivalent.
Yes, FXPIG accepts clients from Kenya. They accommodate the Kenyan market by supporting deposits and withdrawals in the local currency, the Kenyan Shilling (KES), and offering various Kenya-specific payment methods.
Leverage up to 1:500 is available for forex and other margin trading. Leverage amplifies potential gains but also increases the risk of losses.
Creating a live trading account at FXPIG is simple and fast and can be completed in 10 minutes or less.