FXPIG – what we know and have as facts about it; This is a trade name of Prime Intermarket Group Asia Pacific Ltd, which is authorized and regulated by the VFSC under register number 014578. This license allows it to conduct various financial services, including receiving, transmitting, and executing customer orders.
We have found in the Terms and Conditions document that FXPIG assign or transfer the execution of your orders to another member of the FXPIG group of companies and may execute at the same time, orders by different clients that are opposite to one another. Therefore, FXPIG may not transmit each order to its liquidity providers and keep the risk for itself, acting as a market maker. In general, dealing with market makers involves a conflict of interest because they do not transmit every customer deal and hope that customers will lose. Every loss of customers is their profit.
We also found that there are some posts in the forums about posting fake positive reviews, non-fulfillment of stop loss orders and withdrawal issues.
So far, we have not received any complaints from customers of FXPIG. If you have any criticism to share with us or feel annoyed by FXPIG, please fill in the form below, detailing your case. Once we have made your case public, we may attempt to mediate between you and FXPIG if you wish.