Worked example
Practising on FXPIG's numbers
This is an exercise sheet, not a review. We are going to take three things that FXPIG publishes — a spread, a ladder of account types and a list of licences — and turn each of them into something you can do arithmetic with. By the end you should be able to repeat the whole exercise on any firm you come across, which is the actual skill being taught.
The figures we are working from
Nothing below is our estimate. Where a firm has not published something, or we could not read it on a source we trust, the box says so instead of guessing — a habit worth copying when you build your own broker notes.
Exercise one — turn the spread into money
FXPIG does not publish a EUR/USD spread we were able to verify, so there is no honest arithmetic to do on this page. Do not substitute a number you read on a comparison site: an unverified spread quietly becomes an unverified cost, and then an unverified plan. Use one of the other examples on the practice index for this exercise and come back to this file for the account ladder below.
Exercise two — read the account ladder
Account tiers are a pricing structure dressed as a status ladder. FXPIG offers 3 rungs. Read them as a question — what does each rung ask of me, and what does it give back? — rather than as a set of prizes to climb towards.
- StandardThe entry rung. Whatever the published spread applies to, it is almost always this one — so this is the rung your arithmetic above describes.
- PremiereA higher rung usually trades a tighter spread for a commission, a larger deposit, or a status test. Convert both pricing models to money per lot before you decide either is cheaper.
- ProA higher rung usually trades a tighter spread for a commission, a larger deposit, or a status test. Convert both pricing models to money per lot before you decide either is cheaper.
Account names as published: Standard, Premiere, Pro. Platforms listed: MT4, cTrader, FIX API.
Exercise three — what this licence list means for you
A long licence list is not automatically a good sign. What matters to a beginner is a narrower question: which entity would hold my money, and who supervises that entity? Those are often not the same as the impressive name at the top of the list. Here are FXPIG's lines, each with a plain reading.
| Regulator | Entity on the register | Number | What that means for a beginner |
|---|---|---|---|
| VFSC · Vanuatu | Prime Intermarket Group Asia Pacific Ltd | 014578 | an offshore registration: a company exists and pays a fee, but expect little practical recourse from that entity |
No top-tier line appears on this file. That does not make the firm illegitimate, but it does mean the compensation-scheme and capital-rule protections a beginner usually assumes are present are not evidenced here. 1 line is offshore registration; treat those as a company address rather than as supervision.
The record behind these numbers
- FXPIG's own site states Prime Intermarket Group Asia Pacific Ltd holds a Vanuatu Principal's License for dealing in securities (VFSC Company Number 014578) and gives the Port Vila address.
- The same footer states Alchemy Prime Ltd (13 Leyden Street, London E1 7LE) is the payment agent for FXPIG and that both companies are part of the same group under common ownership.
- Directory WikiFX lists the VFSC licence 014578 as revoked and scores the broker low; no primary VFSC register page was obtained to confirm or refute the current status.
- The main fxpig.com website currently fronts a prop-trading offering (FXIFY Markets) with trading-service disclaimers, while the blog subdomain retains the broker footer.
What we could not verify
The following are unconfirmed and are deliberately left blank rather than estimated: licence status: VFSC 014578 current status not verified (own-site claim vs WikiFX 'revoked'; no primary register extract); FSC Mauritius entity: a Prime Intermarket Group Eurasia Ltd FSC Mauritius licence (GB242...) was reported in earlier research but could not be re-verified in this run - treated as unverified; founded: not verified (own footer suggests 2011 operations start, copyright phrasing only); minDeposit: not verified; maxLeverage: not verified; spreadEurusd: not verified; segregatedFunds: site states funds are segregated but no legal-page clause verified; negativeBalanceProtection: not verified; publiclyListed: not verified. Confidence in this file overall: low. When you build your own notes on a firm, keep a list like this one — the gaps are more useful than the figures, because they tell you what to go and check.
Run the same exercise on another firm
pipdojo.com does not rank brokers, does not award badges and does not tell you where to open an account. This page exists so the arithmetic you learn in the curriculum has real numbers to bite on.