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Author Topic: FXPig  (Read 160466 times)

Offline rexy9099

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Re: FXPig
« Reply #765 on: April 26, 2018, 02:24:27 AM »
Hi Kevin
I finally started trading with FXPIG and wow, instant execution, no delays. That beats even Darwinex
But I wanted to ask about the volume discounts, do you offer any rebates on commissions where you reach value x you get x% back per month? I couldn't find any info on the website
Thanks

Offline bearnakedbull

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FXPig Swap Rates and Lack of Volume Discount
« Reply #766 on: September 08, 2018, 04:42:32 PM »
Well quite by coincidence I see the last post is about the same thing as I too am concerned with and that is volume discounts. I will say that the customer service was quick to reply when I was getting all set up but just as soon as I inquired about volume discounts there was a sudden silence. I tried twice to press for some kind of deal but the silence remained. I wasn't able to locate an IB so I had to deal directly with them. I have done similar before with another popular broker and was able to get a lower rate on commission but FxPig will just ignore this type of inquiry.
The other big issue with these guys is the terrible swap rates. On some pairs both sides are losers whereas at other brokers one side would at least allow a small gain. I compared a number of brokers and a number of pairs which takes a lot of time and FxPig was the worst.
As a retail trader the whole market is against us and reasonable swap rates and/or lower commissions certainly help us to survive.
So now I will again look at another broker and FxPig will probably miss out on more $'s over the long run because they are more concerned about the immediate profit rather than a long term relationship.
Regards, bnb

Online HFT Group

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Re: FXPig Swap Rates and Lack of Volume Discount
« Reply #767 on: September 09, 2018, 12:16:10 AM »
Well quite by coincidence I see the last post is about the same thing as I too am concerned with and that is volume discounts. I will say that the customer service was quick to reply when I was getting all set up but just as soon as I inquired about volume discounts there was a sudden silence. I tried twice to press for some kind of deal but the silence remained. I wasn't able to locate an IB so I had to deal directly with them. I have done similar before with another popular broker and was able to get a lower rate on commission but FxPig will just ignore this type of inquiry.
The other big issue with these guys is the terrible swap rates. On some pairs both sides are losers whereas at other brokers one side would at least allow a small gain. I compared a number of brokers and a number of pairs which takes a lot of time and FxPig was the worst.
As a retail trader the whole market is against us and reasonable swap rates and/or lower commissions certainly help us to survive.
So now I will again look at another broker and FxPig will probably miss out on more $'s over the long run because they are more concerned about the immediate profit rather than a long term relationship.

FXPIG notified me that our long standing IB agreement would be terminated upon their change of location/registration/regulation. A new IB agreement was never offered. Kevin used to be quite active in the forum but sadly, has not made an appearance since November last year. It seems that they have outgrown our little community and moved on to bigger things.

I was approached by a fund manager earlier this year seeking an alternative Fix API feed. Remembering that FXPIG provided such a feed I messaged Kevin on Skype to enquire as to whether they might be interested in the potential business. After a long period of no response and despite seeing him sign in and out of Skype, I messaged him again. I asked (jokingly initially) if he had no time to talk with me and was quite shocked to be told that this was the case and he had better things to do. I would completely understand being told that due to whatever reason FXPIG were not interested. To be completely ignored given a previous good business relationship was nothing short of insulting.

Needless to say, the business went elsewhere.
« Last Edit: September 09, 2018, 12:18:36 AM by HFT Group »

Offline bearnakedbull

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forex cyborg on fxpig
« Reply #768 on: October 04, 2018, 02:49:26 PM »
This I am re-posting on this topic just to be sure that Kevin sees it, it is from the forex cyborg topic:

It would be nice to see this ea calculate the rip-off fxpig swaps on Wednesdays and avoid enriching the broker. Kevin at fxpig and his crew have deaf ears when it comes to such things as dealing with competitive swap rates so how about changing the code on this ea that generates significant revenue for him.
Minimally, having the ability to automatically switch off Wednesday trading might be good. One problem at fxpig is they have pairs that only have a negative swap no matter which side you take so they always win just like the the casino.
Well there you go Kevin, this is what happens when you don't have an answer to customer concerns.
Regards, bnb

Online HFT Group

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Re: FXPig
« Reply #769 on: October 04, 2018, 03:29:11 PM »
Last Active: November 28, 2017, 09:42:43 AM

Wasting your time I think ^^^^^^^^^^^^^

Offline bearnakedbull

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Re: FXPig
« Reply #770 on: October 04, 2018, 04:05:07 PM »
Last Active: November 28, 2017, 09:42:43 AM

Wasting your time I think ^^^^^^^^^^^^^
well even if a few potential clients runaway it affects their bottom line.
Regards, bnb

Offline petersurrey

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Re: FXPig
« Reply #771 on: October 05, 2018, 11:48:21 AM »
FXPig is very responsive if you approach through their helpdesk BUT their deposit and withdrawal fees are way above average compared to their peers and not the quickest regarding withdrawals if using wires. It is strange that no one has taken up Kevin's role on this forum, but I guess this is very much the industry norm in that CEO's don't keep an open dialogue on public forums. He had set a very high bar by being so open and responsive - the main selling point for fxpig, and the opportunity to attract more EU investors after ESMA could have been a good incentive to stay.

 

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