This is a complete review of FXPRIMUS, a trading platform that lets you trade over 130 different assets. Forex trading and Social trading are the funds that FXPRIMUS offers.
The Cyprus Securities and Exchange Commission (CySEC) and other organizations ensure it is safe and easy to use. FXPRIMUS offers many different services and access to many different markets.
It gives you access to more than 120 trading pairs in different markets and a platform for trading gold. The web platform used by FXPRIMUS is easy to use and reliable. It gives users a $50,000 sample account manager so they can learn by doing.
Both deposits and withdrawals are quick and safe. The FXPRIMUS team works hard to help users by offering various deals and specials. The business works all over the world.
- What Is FXPRIMUS?
- Histroy & Overview Of FXPRIMUS
- FXPRIMUS’s Features
- The Services FXPRIMUS Offers
- FXPRIMUS Trading Platforms
- FXPRIMUS: Pros & Cons
- Is FXPRIMUS Governed by laws?
- FXPRIMUS: Markets
- Assests Range
- Process for Opening an FXPRIMUS Account
- What You Must Do to Open an Account with FXPRIMUS
- FXPRIMUS: Types Of Accounts
- Charting and Analysing
- FXPRIMUS: Tools
- Deposits & Withdrawl Process
- FXPRIMUS Promotions and Bonuses
- FXPRIMUS Referral Program
- FXPRIMUS Resources Offered
- FXPRIMUS Mobile App Review
- FXPrimus: Alternatives
- Security Measures for FXPRIMUS
- FXPRIMUS: Customer Support
- FXPRIMUS: Live Support
- FXPRIMUS: Email Support
- FXPRIMUS: Phone Support
FXPrimus is a broker for trading currencies, stocks, indices, commodities, and cryptocurrencies on some of the best trading platforms.
This 2022 review looks at the broker’s benefits, security features, regulatory status, and core trading cfds. Before you open an account, make sure you read.
What Is FXPRIMUS?
FXPRIMUS was established in 2009 and is headquartered in Cyprus. The VFSC regulates Primus Markets INTL Limited. FXPRIMUS, a global online financial trading platform and broker of many assets, is held by Primus Global LTD.
It provides options for its VIP clients to trade online commodities, energy, indexes, and foreign exchange.
It supports its customers academically, technically, and practically throughout their trading careers.
- FX Primus has also won other Global Brand Awards, including:-
- 2019 Best Asian Forex Support Winner in the Global Forex Awards.
- Winner of the 2019 Traders Fair Best Trading Service in South Africa.
- 2019 FXDailyInfo Awards for Best Forex Broker in Europe.
- Global Brands Best Forex Broker Asia 2019 Winner.
- Winner of the 2018 Global Brands Most Reliable Broker award in Asia.
- Best Forex Broker Vietnam 2018 Winner, according to Traders Awards.
- FX Primus as the 2018 Best Trading Platform and Best Customer Support Broker by FxDailyInfo.
Histroy & Overview Of FXPRIMUS
Since its 2009 debut, FXPrimus has grown to be a well-known international traders broker in Europe, Asia, and Dubai.
The organization provides zero re-quote transaction executions that are extremely quick. Interbank spreads that start at 0.1 pip is also advantageous to clients.
To meet the needs of various traders, a range of accounts are provided, including the Cent solution, which requires a $15 opening deposit.
The worldwide trade brand and its owners uphold three guiding values: safety, security, and integrity. The Cyprus Securities & Exchange Commission, among other prominent financial regulators, oversees the brokerage result (CySEC).
Additionally, the Vanuatu Financial Services Commission oversees Primus Markets INTL Limited (VFSC). The firm’s regulatory standing and the different client protections are discussed below.
According to our evaluations, it has the following features:-
- Demo Account.
- Trading API.
- There is social trading available.
- There is a copy trading option.
- Trailing Stop.
- Limit orders for taking a profit.
- Advanced Financial chart comparison tools are available from FXPRIMUS.
- FXPRIMUS provides top analysts’ investment recommendations and market news analysis backed by research.
- The FXPRIMUS platform can be accessed online or through a web browser on various platforms, including Windows PCs, Apple MAC computers, iOS devices including iPhones and iPods, Android devices, and IOS devices.
- Additionally, it provides a user-friendly platform with features for both beginners and experienced traders.
- The FXPRIMUS platform is available in more than eight languages, which is advantageous to users.
The Services FXPRIMUS Offers
According to the FXPRIMUS review, FXPRIMUS provides various services to its traders to help them quickly reach their objective of becoming professional indemnity insurance.
FXPRIMUS is committed to making trading simple for the general public with a wealth of features. The following services are available to users of FXPRIMUS:-
- The money of customers is secure.
- More than 120 trade pairs are offered.
- The Platinum API for an economic calendar.
- A suite of trading tools for Meta-traders is called Meta-trader.
- There aren’t any commission fees.
- 24/7 customer service is offered.
- Demo accounts and instructional videos.
FXPRIMUS Trading Platforms
FXPrimus offers the core MT4, MT5, and cTrader trading platforms, but it does not provide the MT4/MT5 plugins needed to turn the out-of-the-box versions into cutting-edge trading platforms.
All three are fully compatible with algorithmic trading and have copy trading services.
Traders can use a desktop client, a lightweight web-based alternative, or a mobile app. FXPrimus keeps up the infrastructure that makes all strategies possible, mainly if traders use their tools.
1:- MT4 (Meta Trader 4)
The MetaTrader 4 (MT4) platform can be downloaded on Windows, Apple, and Android devices, and a web trader solution is also available. MT4 is known for its easy-to-use dashboard and ability of automated trading systems.
Some features are:
- 23 objects to analyze
- There are 30 built-in indications.
- Three execution modes
- Two market orders
- Four pending orders
- Charts you can play with
- Strategy testers
2:- MT5 (Meta Trader 5)
FXPrimus also lets traders with more experience use MetaTrader 5. (MT5). The platform can be downloaded for free demo trading account or used on the web. There is also a mobile version of the terminal.
MT5 is the latest software from MetaQuotes. It has several helpful features, such as:
- 21 timeframes
- Feature of Market Depth
- 80+ technical indicators
- Financial news & economic calendar
- Expert Advisors allow trading to be done automatically (EAs)
- Several ways to chart, such as line, bar, and candlestick
Through the cTrader platform, clients can also copy trade. Signal providers can sell their strategies and positions, and new investors can learn from those who are already successful.
The interface can be changed to fit your needs, and you can choose from different charting modes and colors. There are 54 different timeframes across six charting views.
There are four different kinds of orders: market volatility, limit, stop, and stop limit. cTrader supports several extra features, including:
- Keyboard shortcuts and “hot keys.”
- Up to 50 templates for making charts
- Community discussion
- Investing using algorithms
- Trading with one-click
FXPRIMUS: Pros & Cons
In this FXPRIMUS review, let’s talk more about the pros and cons of these forex brokers:
- 24/5 customer support
- Videos and articles provide information for new traders.
- High leverage and competitive edge trading costs based on commissions
- Many high-quality trading platforms are available for algorithmic trading, social, and manual traders.
- Managed by CySEC and MiFID.
- Minimum deposit from $100.
- Over 10,000 traders and FXPRIMUS users use it.
- Few financial instruments.
- The Financial Conduct Authority does not regulate them.
Is FXPRIMUS Governed by laws?
In this review of FXPRIMUS, we looked at how it is regulated and monitored by well-known financial markets regulatory bodies.
The Cyprus Securities & Exchange Commission (CySEC) and the Markets in Financial Instruments Directive keep an eye on FXPRIMUS (MiFID).
A financial conduct authority decides which rules and criteria the brokerage firms must follow to get a licence and keep it. This is to make sure that trading is safe and to keep a licence.
Regulatory agencies keep an eye on broker activity and share, and if something goes wrong, they will step in. Make sure an online broker like FXPRIMUS is legitimate before you trade with them.
If you want to find brokers that are regulated broker by the FCA or ASIC, check out our pages on the best forex broker in the UK and the best forex broker in Australia.
FXPrimus lets you trade on the following well-known financial markets:
- Forex trading lets you trade 45 or more currency pairs, such as major, minor, and cross pairs. There are also some unusual pairs, such as USD/ZAR.
- Indices: You can buy contracts for difference (CFDs) on 15 global indices, such as the FTSE 100, Dow Jones 30, STOXX 50, and NASDAQ 100.
- Invest in a small number of cryptocurrency coins, such as Bitcoin, Litecoin, and Ethereum.
- Commodities let you buy and sell things like gold, silver, platinum, natural gas, and crude oil.
- Shares are traded in over 100 companies open to the public, such as Facebook, Google, and IBM.
- You can also buy and sell bonds, futures, and options on the broker’s trading platforms.
The sole pricing environment that offers MT4 and cTrader is the commission-free pricing environment, which starts with a pricey 1.5 pips or $15.00 per round lot.
FXPrimus offers two commission-based options, one priced in the middle of the market with minimum spreads of 0.3 pips and an $8.00 per lot commission for total fees of $11.00, and the other more competitive with raw spreads starting at 0.0 pips and a $5.00 commission.
The cost advantage for active, leveraged traders continues to be increased by the commission-free equity trading and the cheap swap rates on overnight positions with leverage.
With only 130+ assets, FXPrimus maintains a modest asset selection that gives forex traders the most OK sector coverage. Because of this, FXPrimus is a good choice for traders who need a limited number of liquid trading options.
At FXPrimus, leverage is capped at 1:1000. However, the firm’s Pro account and paper trading solution have a rate cap of 1:500. By asset, influence also differs. For a complete breakdown, visit the broker’s website.
Prospective clients should be informed of the dangers of leveraged trading, especially when rates are exceptionally high.
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Process for Opening an FXPRIMUS Account
We came to the same conclusion about the broker’s login and started an accounting process in our FXPRIMUS reviews. See the following actions:
- To open an account with FXPRIMUS, you must register.
- Once you’ve made a deposit, submitted your identification documents for account validation, and received your FXPRIMUS login area details through email, the following step is to download the trading platform of your choice.
- The FXPRIMUS login area’s complete information may be found here. You must present the necessary papers to prove your identity as part of the usual KYC identification checks and the FXPRIMUS login process menu.
- These checks are standard operating practices at FXPRIMUS, allowing the company to secure its 10,000 customers’ financial markets and trading environments.
You can trade as low as 0.01 lot using an FXPRIMUS broker. This could be the case, or it might not be, depending on the kind of account you open. FXPRIMUS allows you to trade up to 80 lots at once.
You can expect exceptionally tight spreads and increased transparency regarding the cost you pay to execute your trades because FXPRIMUS provides both ECN and STP execution.
One of the few brokers, FXPRIMUS, asserts that there are no requotes. Consequently, there is no chance of displacement (your trades are being ordered at a different price than what you executed them at).
What You Must Do to Open an Account with FXPRIMUS
Every new client of FXPRIMUS must complete a few basic compliance checks because FXPRIMUS is governed by the Cyprus Securities and Exchange Commission (CySEC), which verifies that the client is eligible to trade and that the client understands the risks, options, and costs associated with trading. (securities and exchange commission) The following information may likely be requested of you when you open an account, so be prepared.
Be advised that the Proof of Address document’s expiration date may vary for various companies operating under the FXPRIMUS Brokerage Brand.
- A scanned color copy of your driver’s license, passport, or another official form of identification.
- A month of a utility bill or bank statement with your current address and currency specified.
You’ll also need to respond to a few basic compliance queries to show that you have trading experience, do market research, and are a market maker. This will take at least 3 minutes, so set aside that much time to finish the account opening process.
Even though you may be able to look around the FXPRIMUS site right away, it’s important to remember that you won’t be able to trade until you pass compliance, which can take several days, depending on your situation.
FXPRIMUS: Types Of Accounts
FXPRIMUS broker gives its traders and users different types of accounts for retail investors, such as:
- Demo Account
- Mini Account
- ECN Account
- Variable Account
- Micro Account
- Standard Account
- STP Account
- Islamic Account
1:- Demo Account
With the FXPRIMUS demo account, new traders can learn how to trade on their platforms and improve, which will help them become successful and confident traders.(financial instruments) Experienced traders are also encouraged to use demo account for retail investors to see how safe and secure their trading environment is.
Webtrader lets new traders try out the MT4 trading environment without having to download anything. It can be used on any device with an internet connection.
2:- Variable Account
Users of the FXPRIMUS Variable Account can trade currencies, commodities, energy, and indices in a live, safe trading environment.
As a variable account user, you will have access to a wide range of exclusive trading signals and tools that are only available to FXPRIMUS traders.
You will also get a lot of free educational resources to help you make smart trade decisions. Users of a variable account can also make trades without paying a fee.
3:- ECN Account
The FXPRIMUS ECN Premium Account is for traders with at least USD 500 to invest. FXPRIMUS gives traders unlimited access to all of its premium services, such as SMS updates and Trading Signals, to help them make better decisions faster.
The ECN Premium Account Holder is also helped with their trading strategies by having access to a weekly informational financial markets trading seminar and the lowest spreads starting at 0.1.
Charting and Analysing
To be successful in trading, you must be good at charting and analysis. Due to the importance of charting and analyzing, FX PRIMUS has set up a way for its users to review its many features.
Technical analysis is done using charts and various indicators and methods. As a result, it gives its users a strong sense of charting and analyzing. It also has a little terminal option.
1:- Mini Terminal
It lets users handle multiple trades at once, set a stop loss, and profit from businesses that go well. So, it makes many things easier for people who use its platform.
2:- Mobile Trading
As the world gets more connected, mobile trading has become a must. With the MT4 mobile trading platform, users can log in to their accounts and start trading even when they are close to their laptops. Because of this, mobile trading is a must-have for FXPRIMUS users.
It is a service that connects you to MetaTrader 4. (MT4). Because FXPRIMUS is easy to use, it helps people make significant trading decisions.
FXPRIMUS has a calculator tool that helps users figure out the different levels that help with the technical analysis of coins.
- Calculator for PIP.
- Calculator for Fibonacci numbers.
- Changing the base currency.
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Deposits & Withdrawl Process
In our FXPRIMUS review, let’s talk about how to deposit and withdraw money from the company:
1:- How to deposit
The deposit method is one of the essential parts of a trader’s journey. They will invest their money in the hopes of getting a good return and quality on their investment advice.
It lets you put money in a few different ways. All deposits are added to the accounts between 7:00 a.m. and 21:00 GMT+2 (Monday through Friday). FXPRIMUS does not charge any deposit fees.
This FXPRIMUS review gives you an idea of the different ways you can pay on the platform: –
- Pay Union
Each account has a different minimum deposit:
- The least amount you can put into a standard account is $500.
- The least amount you can put into a Premium account is $2500.
- The least you can put into a VIP account is $10,000.
Process of Withdrawal
It is the part of a trader’s journey that they look forward to the most because they will be getting their money through trading conditions and paying close attention to how different brokers handle withdrawals.
A credit card that can be ordered at FXPRIMUS for a one-time fee of $15 can be used to withdraw money. (educational resources) It’s easy to learn how to use the FXPRIMUS deposit method. (market maker) For all account types, withdrawals can only be sent back to the source of the initial deposit.
These currencies can be used for payouts:
- The least you can take out is $100.
- The deposit and withdrawal methods are the same.
- The withdrawal is handled in 2–5 business days.
- There are no fees for withdrawals.
FXPRIMUS Promotions and Bonuses
Throughout our FXPRIMUS review, we talked about how there are two kinds of trading bonuses called FXPRIMUS Bonuses.
These rewards are designed to honor loyal customers and boost trading volume.
FXPRIMUS bonus gives both new and experienced traders regulation and the 30% trading incentive, which provides them with US$1500 in free trading fees.
To be qualified for this deal, you must place a minimum deposit of US$500 or its equivalent in another currency and brokers.
FXPRIMUS Referral Program
Based on our review of FXPRIMUS, the company does not offer referral bonuses to new or current traders who use its products and services. (invested capital) Brokers give bonuses to traders who bring in new customers. This helps them grow their customer base and their stocks.
Before a trader can get a bonus for recommending a friend or family member, they often have to meet strict margin requirements.
Traders who sign up or have a demo account can’t get these bonuses.
FXPRIMUS Resources Offered
Before using FXPRIMUS to trade well, you must learn about trading tools and market updates. Use all the ways to know that are available to you.
This includes internal and external devices that FXPRIMUS offers to help people learn. There are a lot of ways to learn on FXPRIMUS. Spend some time getting to know how the financial market maker.
Take the time to learn as much as you can about trading. Learn how to buy and sell, take advantage of global trading times, and, most importantly, reduce and manage risk in your investments and follow the rules.
FXPRIMUS Mobile App Review
The FXPRIMUS gives traders an app called the FXPRIMUS app. FXPRIMUS lets you use the popular MT4 forex trading platform. The FXPRIMUS iOS or Android native app will run faster and look better on the same device than the Avatrade website.
FXPRIMUS also has mobile apps for Android and iOS, which make it easy to keep track of stocks and make trades while you’re on the go.
If you’re seeking an alternative to FXPrimus, we’ve listed the top 5 brokers that are comparable to FXPrimus below. (payment method) This list of brokers like FXPrimus is in order of how similar they are to FXPrimus, and it only includes companies that accept traders from your area.
- Pepperstone: CFD trading is available at Pepperstone for amateur and professional trader. On the MT4, MT5, and cTrader platforms, clients can trade forex currencies, indices, commodities, and shares.
- FXCC: FXCC is a reliable trading broker regulated by the CySEC. The brokerage offers ECN trade executions, up to 1:500 leverage, and no commissions.
- TMGM: TMGM is a challenging forex and CFD broker that offers various instruments, features, and tools at low prices.
- Just2Trade: Just2Trade offers high-tech trading of stocks and options at some of the most nominal prices in the industry.
- ActivTrades: ActivTrades lets you online trading platforms using the MT4, MT5, and ActivTrader platforms. Over 93.60 percent of orders are completed at a price asked for.
Security Measures for FXPRIMUS
- VFSC is in charge of regulating Primus Markets INTL Limited, which has the registration number 14595.
- Negative balance protection (NBP) – FXPRIMUS gives all of its clients Negative Balance Protection (NBP), ensuring that their losses never go over the balance in their account manager.
- Top-Tier Liquidity: Top-tier financial institutions and brokers worldwide give FXPRIMUS clients access to a lot of liquidity.
- Third-party monitoring: By working with Boudica Customer Trust, a third party can watch withdrawals from clients.
- FXPRIMUS sets new standards for the safety of client funds so that third-party requests can be handled as quickly and efficiently as possible.
FXPRIMUS: Customer Support
In this FXPRIMUS review, we examine the available methods of customer service, the turnaround times, and the efficiency of the trading platform in dealing with problems.
FXPRIMUS supports the following languages: English, Spanish, Indonesian, Chinese, Thai, Vietnamese, Hungarian, and Malaysian.
FXPRIMUS gets a triple AAA support and client satisfaction rating because they assist in various languages, live account chat, email, and phone.
There are several languages spoken by people all around the world available for FXPRIMUS customer service.
When dealing with issues, a significant advantage has a broker who can hire people from all over the world who can communicate with you in your original tongue.
Your interaction with FXPRIMUS’s customer care representatives must be favorable for you to trade forex the financial market makers on the FXPRIMUS platform. All of your questions should be answered by FXPRIMUS, and any problems with the FXPRIMUS platform should be fixed.
When a customer of FXPRIMUS has a question concerning FXPRIMUS, the FXPRIMUS customer service staff should take the question seriously and provide a prompt and helpful response. (negative balance protection) We give FXPRIMUS a high grade for customer satisfaction because they have an excellent customer care team.
FXPRIMUS: Live Support
We used their app and website to send messages to the FXPRIMUS live chat and received a reply in less than 3 minutes after we tested it for our FXPRIMUS reviews and found it to be working.
The FXPRIMUS chat service must be put to the test. Users of the FXPRIMUS chat benefit from a quick and helpful chat service.
It’s far better than having to wait for an email for days. FXPRIMUS supports a wide range of languages and locales. The FXPRIMUS help desk swiftly resolves customer issues. It also features a section with specific FAQs for users.
FXPRIMUS: Email Support
For our FXPRIMUS email review, we emailed FXPRIMUS multiple times, and each time their response times were prompt and efficient. The response time of FXPRIMUS varied between less than 2 minutes to 3 hours.
Although the response times for FXPRIMUS support may vary, we experienced this result by sending ten emails at various intervals.
The employees and brokers provided us with information and addressed our concerns. FXPRIMUS offers top-notch email help.
FXPRIMUS: Phone Support
FXPRIMUS offers top-notch phone support. For our FXPRIMUS review, we called FXPRIMUS and got a quick response.
The call was answered in less than a minute. The FXPRIMUS phone support service successfully addressed our questions and concerns over the phone.
By placing calls in several languages, we put the bilingual FXPRIMUS employees to the test. FXPRIMUS made a special effort to make sure that our inquiries were answered.
According to our FXPRIMUS analysis, the broker is genuine. Due to the numerous restrictions and strict protection of customer funds, it is one of the most reputable forex brokers and is not a scam.
FXPRIMUS is a unique trading platform that offers its consumers various services. You can access several markets thanks to it. It is a reputable platform that provides different account types and extra security measures.
The FXPRIMUS platform is supported by a skilled team and a demo account manager.(partner account) It offers a wide range of resources and tools to help traders. FXPRIMUS has a very active support team to help users.
FXPRIMUS is an excellent platform for straightforward, secure, and varied trading account.(online trading) Because this broker only supports MetaTrader 4, and because the spreads are a little bit higher than those well-known competitors and brokers, we can’t give it five stars.
One of the best ways to get new traders to register and create accounts is with broker incentives, and the FXPRIMUS offer fulfills this criterion with its welcome or deposit bonus.
For devoted consumers and traders who conduct substantial volume trading with FXPRIMUS, the incentive program also provides a cashback advantage and a 30% deposit bonus.
Frequently Asked Questions
FXPrimus: Is it a registered broker?
It is safe to use FXPrimus. This indicates that the Markets in Financial Instruments Directive (MiFID) regulatory entities, including the Cyprus Securities and Exchange Commission (CySEC), control and monitor FXPrimus’ activities.
What kind of broker does FXPrimus be?
FXPrimus is a global financial trading broker known for offering access to Forex, Stocks, and Commodities on both web and mobile platforms. FXPrimus offers the MetaTrader Suite and cTrader as trading platforms, and there are 4 Live trading account for traders of all levels.
How do I put money in FXPrimus?
Click on the “Fund your account” tab on the left side of the page. For Local Bank Transfer, you can choose between Credit Card/Debit Card or Dragon Pay. Note that the method you use to deposit money should be the same method you use to withdraw money.
Is there a bonus for FXPrimus?
FXPrimus does offer a USD 25 sign-up bonus. Both new and current customers can get the sign-up bonus. Traders must put USD 100 into their PrimusClassic account to get the sign-up bonus.
Is FXPrimus a broker with an ECN?
FXPrimus is a regulated broker with a long history that offers more than 200 markets. Beginners can start trading with as little as $15 and use the leverage of up to 1:1000. Even experienced traders can do well with the MT5 platform and ECN solution. Overall, FXPrimus is a well-reviewed online trading broker.
What is the FXPrimus minimum deposit amount?
A USD 15 deposit is the minimum needed to open an FXPrimus live trading account.
Do I need a broker to trade forex?
Do I require a forex broker? Yes, a forex broker is required if you want to trade forex. To make orders with your broker to purchase or sell forex, you must create an account and deposit necessary collateral (margin).