This FXPrimus review comprehensively explained the fees, legitimacy, account types, tradable assets, and trading platforms. Also, we've briefly highlighted the special features, pros, and cons of the company so that you can find out whether FXPrimus is the right broker for you or not.
FXPrimus is regulated by CySEC and MiFID.
Serves ECN and STP execution facilities, ensuring a super-fast trading experience.
Associated with top tier-1 banks and safely store clients’ funds in segregated accounts.
Credit cards, banks transfer, and e-payments.
The broker doesn’t serve clients residing in the US.
Yet to announce a fixed spread account.
FXPrimus has been serving its global clients for more than 12 years with the dignity of a trusted and legit online broker. The company was awarded the «most trusted broker» by the 15th MENA FF Expo in 2015. In 2018, Global Brands Awards recognized FXPrimus as the «most trusted broker in Asia.»
FXPrimus is regulated in the EU by the Cyprus Securities and Exchange Commission (CySec) and the UK’s Markets in Financial Instruments Directive (MiFID). Moreover, they have earned authorization from the Vanuatu Financial Services Commission (VFSC). The regulatory body is in charge of overseeing the investment process and trust of the online brokers.
Like other top-class brokers, FXPrimus serves Negative Balance Protection (NBP). This feature ensures your losses will never exceed your current account balance in any adverse trading situations. Also, they guarantee the safekeeping of clients’ funds by storing them in segregated accounts with top-tier banks.
Furthermore, FXPrimus regularly performs internal and external audits following the requirements of its regulatory bodies. Besides, they have engaged Boudica Clients Trust. This third-party monitoring organization surveys clients’ withdrawal experiences and takes necessary actions against any irregularity in the funding process of the broker.
FXPrimus offers four types of trading platforms, ensuring clients can move on with their favorite trading styles and do not face any unwanted obstacles. Besides, they comprise helpful features like quick market access, instant execution, and user-friendly interfaces.
MetaTrader 4 (MT4) is an automatic choice for beginners because of its easy-to-use interface and valuable charting tools. It offers instant access to live markets, enabling you to go for forex, stocks, commodities, and cryptocurrency trading from a single platform. MT4 users also enjoy advanced features like multi-timeframe analysis, strategy tester, and Expert Advisors (EA).
Advanced traders consider MetaTrader 5 (MT5) the most efficient and innovative trading platform. Besides, MT5 is available in more than 50 languages, making online trading more convenient. The desktop versions of MT4 and MT5 are available for Windows and Mac-operated computer devices.
cTrader tops both MT4 and MT5 platforms in several aspects. It lets you perform ECN and STP order executions. This platform is ideal for traders who love to switch between manual and automated trading. It also allows copy trading.
FXPrimus supports a wide variety of payment options enabling clients to fund their accounts and trade from any part of the world. It accepts Bank Wire transfers, Credit Card (Mastercard, VISA & American Express), and e-wallets (Neteller, Skrill, UnionPay, FasaPay, ecoPayz).
The broker takes up to 5 days to process a fund deposit via bank transfer. Other options like credit cards and e-wallets take up to 5 minutes to process a transaction. Fun deposit in FXPrimus is entirely free.
Forex.com provides one of the most impressive suites of trading tools from all forex brokers in the world. Therefore, traders are spoilt for choice and they have a full arsenal of tools to aid their trading.
Connect: learn about the latest promotions and changes in payment options or other broker features via the MT4 platform.
VPS: VPS or Virtual Private Server connects your trading platforms to remote computers connected to the central trading server. Consequently, VPS traders enjoy a high-speed trading environment and improved pricing in live markets.
Economic Calendar: the economic calendar shows the key news events’ date, time, and possible impact levels.
Calculators: explore essential tools such as the Pip calculator, Fibonacci calculator, and currency converter.
Education: learn to trade like a pro with the FXPrimus education program, including educational videos, live webinars, and blogs.
FXPrimus offers different types of accounts which you can pick based on your trading styles and investment sizes. The spreads, trading commissions, leverages, and market accessibility varies depending on your account type.
Primus Classic is a basic trading account specially designed for beginners. However, Primus Classic uses various base currencies, including USD, EUR, GBP, SGD, and PLN. Primus classic can be an ideal choice if you are already trading for a while and looking forward to diversifying your investment options.
Primus Pro offers tighter spreads that start from 0.3 pips. However, it applies a commission of up to $10 on each lot traded. The maximum leverage is 1:1000. Like other broker accounts, it allows swap-free trading and negative balance protection. According to our review, Primus Pro is a suitable account for intraday traders.
Primus Zero is an advanced trading account specially designed for scalpers or day traders. It offers the lowest spreads that begin from 0 pips. Considering the risk of frequent trading, the broker has decided to limit the leverage up to 1:500. The commission on each trading lot is $5, much lower than the broker’s Pro account.
FXPrimus engages skilled customer service agents and offers exceptional support for beginners. Apart from typical broker-related questions, they also listen to your trading experience and provide guidance from expert traders if necessary.
The customer support team responds to queries in less than an hour and usually takes up to 6 hours to resolve an issue. You can contact the FXPrimus customer support team 24/7 through live chat, email, and phone calls.
In this FXPrimus review we highlight that this broker offers a safe and transparent trading environment for its clients. The broker claims to be the safest place for online trading and takes every safety measure to protect clients’ funds and privacy. Despite being a Cyprus-based broker, FXPrimus is well-regulated in the UK, Vanuatu, and South Africa.
The progress in reaching global clients and providing professional trading services indicates that the company is on the right track to becoming one of the elite brokers worldwide.