FXPIG Forex Broker Review
The minute we landed on the FXPIG landing page, we realized we were in for a treat. The tired and boring format that many online brokers tend to adopt has been thrown right out of the window. FXPIG promises “Truth in Trading”, no smoke and mirrors and says it will be your partner not your broker. The website is owned and operated by a company called Prime Intermarket Group Asia Pacific Ltd, which is obviously the link with the unusual name it has chosen. It operates under the authority of the Vanuatu Financial Services Commission, as its headquarters are located in the Republic of Vanuatu.
Some of you may never have heard of Vanuatu, let alone realized it may have a financial regulatory body. But it’s a regulatory body to look out for as it is becoming increasingly popular among Forex and binary options brokers. There are a number of reasons for the surge in brokers choosing this location. It offers a variety of tax benefits as in no income tax, capital gains tax nor inheritance tax. However, the two main reasons for the increase in popularity of Vanuatu licenses is that it is quick (generally only two months) and far less costly to be licensed than many other better known regulatory bodies would charge.
So what can we tell you about this broker?
Firstly, there don’t appear to be any promotions running at present. So we’ll start by looking at the account types that are available.