FXPIG

Managed Fund Commission Change

April 8 2013 by CEO in INVEST, Uncategorized |No Comments

As of today, April 8th, 2013, both the DOOR and the Euronis Managed Funds will be subject to a new commission rate of 40 per million per side.

On Euronis this represents a 0.25 per 100,000 increase from the original rate.

After the longer than normal draw down period suffered on the DOOR Fund at the end of 2012 and into the beginning 2013 the fund manager made a decision to temporarily lower the commission rate from 49 to 34 per million in an effort to aid a quicker recovery. In doing so the fund manager agreed to only increase the commission based on two set milestones:

- The first was a recovery of 50% of the draw down, this was achieved a few weeks back and the rate was pushed slightly higher to 37.50 per million.

- The second and final milestone was the complete recovery of the draw down and a new high water mark: we are extremely happy to report this has happened as of the close of today’s trading session.

As a result the commission rate has been moved to 40 per million as originally agreed to by the fund manager. Keep in mind even with the new HWM this rate still represents over a 20% discount on the original DOOR commission level of 49 per million.

No further increases are planned on either fund.

ECN Server Time Change

March 7 2013 by CEO in News, Updates |No Comments

This coming Monday at Market Open (00:00 Server time) on our ECN feed our MT4 server will be set to GMT +3 (Currently set to GMT +2) in accordance with the Daylight Savings Time ‘Spring Forward’ this weekend.

This should not effect any open trades however if you are using an EA that works based on the server time on which it trades makes sure that you make the required changes befween this Friday’s close and the Monday open.

Discounted Extended…

February 5 2013 by CEO in Uncategorized |No Comments

The 15% Special Performance Fee rate on the AP WAVE Fund by PushFX has been extended through the month of March.

All current clients and those clients who deposit into the fund between now and the end of March will benefit from this special rate.

On April 1st the performance fee will rise to 20% for all fund participants.

NEW Managed Funds at FXPIG

January 25 2013 by CEO in Uncategorized |No Comments

While some of these funds have been privately available at FXPIG for some time we have decided to make a more public announcement of their existence given the multiple daily inquires we receive from external sources.

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The Euronis Fund | http://euronis.fxpig.com | Minimum Investment of $3,000 USD

The AP Wave by PushFX | http://pushfx.fxpig.com | Minimum Investment of $2,000 USD

The FTS-EGB Fund | http://fts.fxpig.com | Minimum Investment of $2,000 USD

When our new updated web site launches next month these funds will be prominently displayed on one of the main sections of the site. This ‘pre announcement’ is meant to allow our current clients a chance to get into the fund of their choice before possible liquidity limitations are seen and/or promotional fee schedules are discontinued.

As always feel free to contact us with any questions.

DOOR: Onward to a Speedy Recovery

January 15 2013 by CEO in Uncategorized |No Comments

The DOOR System has shown, throughout it’s history, that it can recoup draw downs quickly and efficiently. This is in fact one of the best aspects of this system.

We here at FXPIG work diligently to make sure that the DOOR is trading on optimal conditions to ensure that this trend is maintained.

In an effort to show our appreciation to our valued clients and ensure the speediest of recoveries we have decided to temporary lower the commission rate on the DOOR Fund from 49 per million to just 34 per million traded.

Remember, we too, the company, and many of us here at FXPIG personally, are also DOOR clients, so a quick bounce back to break even and beyond is something we all want to see as soon as possible.

Thanks again for your continued business and heres to a VERY profitable 2013.

DOOR 2013: A Rough Start

January 11 2013 by CEO in INVEST, Updates |No Comments

2012 ended with the DOOR Managed Fund showing a gain of nearly 160% overall. Not bad.

The last few months were a bit of a letdown and while December started rather upbeat the markets turned and we ended the month nearly flat.

As we have in the past we shut down the system over the holiday period and relaunched it as planned this past Sunday / Monday.

With the exception of Tuesday’s session everyday this past week was negative. After Wednesday’s session we opted to move the JPY (Japanesse Yen) pairs to conservative settings, as on one of our test accounts the losses were much more contained and one day in particular was actually in the green rather than the red as our main fund account was. This move proved to make only a small change in Wednesday’s and Thursday’s trading.

Moving forward these pairs will be removed from the main fund account until further notice.

Volatility, which is key to the success of the system, is coming back into the market, and if we look at the performance of the system sans the two JPY pairs this last week it was actually quite stable.

The DOOR System was built to pull out of draw down periods and it has proven itself time and time again in this regard.

On a final note, the flagship year for the DOOR, 2011, saw a rough start as well and then went on to see huge gains by the end of the year. Forex is a beast, and like any investment, it’s the long term minded investor that wins out.

ECN Leverage Change

December 28 2012 by CEO in Uncategorized |No Comments

All accounts trading on our ECN feed with their leverage set above 1:100 will notice an automatic reset to this level over the ‘Holiday Break’. Normal leverage levels will be put back in place on January 7th (Server time GMT +2).

Our apologies for the late notice.

Happy holidays for all of us at FXPIG.

Upcoming Holiday Schedule

December 21 2012 by CEO in News, Updates |No Comments

Due to the upcoming Holidays our pricing hours will change for December 25-26 as well as December 31-January 2.

We greatly appreciate your business and look forward to our continuing relationship in 2013.

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Holiday schedule:

DMA Feed (Based on the server’s time of GMT)

24th: Uninterrupted pricing

25th: Open: 10PM (24th) – Close: 6AM (25th)

26th: Open 11PM (25th) – Close 10PM (27th)

27th: Uninterrupted pricing

31st: Open 10PM (30th) – Close 10PM (31st)

1st: Closed

2nd: Open 11PM (1st) – Close 10PM (2nd)

3rd: Uninterrupted pricing

ECN Feed (Based on the server’s time of GMT +2)

24th: Uninterrupted pricing *Metals Trading Closes at 8:45PM

25th: Closed, Reopens at 12AM (26th) *Metals Reopen at 1AM (26th)

26th: Uninterrupted pricing

27th: Uninterrupted pricing

31st: Uninterrupted pricing

1st: Closed, Reopens at 12AM (2nd) *Metals Reopen at 1AM (2nd)

2nd: Uninterrupted pricing

3rd: Uninterrupted pricing

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Feel free to contact us via our help desk with any questions you may have.

EUR and AUD Based Trading Accounts

November 18 2012 by CEO in Updates |No Comments

As of today you can now open and fund accounts on our ECN feed in USD, EUR, and AUD.

This announcement was a LONG TIME in the making and for those of you you have been patiently waiting for this post we thank you and invite you to open your new account(s) at your convenience.

PS – Our new NY7 based server cluster is near completion and once it is launched multi-currency accounts will be available on ALL our feeds, not just the ECN.

More to come shortly…

Hurricane Sandy – IMPORTANT Possible Connectivity Issues

October 29 2012 by CEO in Updates |No Comments

As many of you may already know Hurricane Sandy has been raging her way up the U.S. Atlantic Coastline toward the greater NYC area for the past several days.

The storm is scheduled to make landfall in Northern New Jersey sometime this evening, and it just so happens that the main Equinix backbone of nearly the entire Financial Industry sits in Secaucus NJ, otherwise know as NY4.

Currently our DMA infrastructure is active in NY4 and our ECN infrastructure in Washington DC awaiting the deployment of our NY7 server cluster. Both setups under the gun from this storm however the area around the NY4 datacenter is under mandatory evacuation and will see the full brunt of the storm surge, estimated at 11 feet, sometime later today.

Please be advised and be aware that if any of our infrastructure goes offline just as you will not have access to your trading platform NEITHER WILL WE. It is in your best interest to close any positions that may need attention over the next 48 to 72 hours in case of any downtime. We do have backup servers on the West Coast however it is always better to be safe than sorry should there be an issue with connecting to those back ups.

Safe trading everyone…