- What Is FXPRIMUS?
- Is FXPRIMUS Regulated?
- Pros and Cons
- Account Opening Process
- Types of FXPRIMUS Accounts
- FXPRIMUS Trading Platforms
- FXPRIMUS Leverage
- FXPRIMUS Tools
- Deposit & Withdrawal Options
- Bonus and Promotions
- Referral Program
- Resources Offered by FXPRIMUS
- Mobile App
- Security Measures
- Customer Support
This is a detailed review of FXPRIMUS, a multi-asset trading platform with over 130+ tradable assets. Assets offered on FXPRIMUS are Forex and Social trading. It’s a secure and straightforward platform regulated by the Cyprus securities and exchange commission (CySEC) and other organizations. FXPRIMUS offers a wide range of services as well as access to a variety of marketplaces. It provides access to more than 120 trading pairs in several markets and a gold trading platform. FXPRIMUS’ web platform is simple to use and dependable. It provides a $50,000 sample account manager to provide users with a hands-on experience. Withdrawals and deposits are both quick and secure. FXPRIMUS’ dedicated crew is dedicated to assisting users by providing a variety of specials and deals. The business is active globally.
|Products Offered||Forex, Indices, Metals, Indices, Equities|
|Minimum Initial Deposit||$100|
|Maximum Leverage||1:30 and varies with client’s Region|
|MetaTrader 4 (MT4)||Yes|
|MetaTrader 5 (MT5)||No|
|Trading fees||Depends on Currency|
|Supported currencies||USD, EUR, SGD, GBP, PLN, & HUF|
|Customer Support||Email, Phone, Live Chat & FAQs|
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
During times when the internet is flooded with multiple FXPRIMUS reviews, it can be time-consuming to find trustworthy reviews and a broker who meets your needs when trading in financial markets. Let’s dive deep into this FXPRIMUS review and see how well the company’s platform performs as a global online financial trading platform for traders who trade with FXPRIMUS. In this FXPRIMUS review, we will discuss the Pros and Cons of FXPRIMUS broker, what the company offers, in which countries the company is available, account types offered by the company, to its trader account opening process. Let’s start & read more about how it works.
What Is FXPRIMUS?
FXPRIMUS was founded in 2009 and has its head office in Cyprus. VFSC regulates Primus Markets INTL Limited. Primus Global LTD regulated, FXPRIMUS is a global online financial trading platform and broker of multi assets. It offers its VIP clients opportunities in online forex trading, commodities, energies, and indices. It provides academic, technical, & practical support to its clients throughout their trading journey.
FX Primus has also achieved many Global brands awards, like:-
- Most Trusted Broker SE Asia & Africa by International Investor Magazine in 2020.
- Global Forex Awards Best Asian Forex Support 2019 Winner.
- Traders Fair Best Trading Service South Africa 2019 Winner.
- FXDailyInfo Awards of being Best Forex Broker Europe 2019.
- Global Brands Best Forex Broker Asia 2019 Winner.
- Global Brands Most Trusted Broker Asia 2018 Winner.
- Traders Award Best Forex Broker Vietnam 2018 Winner.
- FxDailyInfo Awarded FX Primus Best Customer Support Broker and Best Trading Platform 2018 Winner.
Features of FXPRIMUS
As per our reviews, it provides the following features:-
- Demo Account.
- API Trading.
- Social Trading is available.
- Copy Trading is available.
- Trailing Stops.
- TakeProfit limit Orders.
- FXPRIMUS offers Advanced Financial chart comparison tools.
- FXPRIMUS offers Research-backed analysis on financial markets and investment advice from top analysts.
- The FXPRIMUS platform is available to use on multiple devices, including Windows PC, Apple MAC computers, IOS devices like iPhones and iPods, Android devices, and online through a web browser.
- It also offers an easy-to-use platform with tools for both new traders and seasoned experts.
- FXPRIMUS users benefit from using the FXPRIMUS platform in over eight different languages.
Services Offered by FXPRIMUS
As per the FXPRIMUS review, FXPRIMUS offers its traders a wide range of services to help them become professional trader as quickly as possible. FXPRIMUS is dedicated to making trading simple for the general public, providing them with loaded features. FXPRIMUS offers the following services to its customers:-
- Users’ funds are kept safe.
- There are more than 120 trade pairs available.
- Economic calendar using Platinum API.
- Meta-trader is a set of trading tools for Meta-traders.
- There is no commission cost.
- Customer service is available 24/7.
- Educational videos and demo accounts.
Is FXPRIMUS Regulated?
In this FXPRIMUS review, we reviewed that FXPRIMUS is regulated and supervised by reputed financial regulatory bodies. FXPRIMUS is regulated by the Cyprus Securities & Exchange Commission (CySEC) regulation and the Markets in Financial instruments directive (MiFID). The brokerage companies have to comply with various rules and criteria for license approval; this is decided by a financial conduct authority to ensure safe trading and maintain a license. Regulatory agencies monitor broker activity, share, and will intervene if something goes wrong. Before trading with a broker like FXPRIMUS, make sure they are a legitimate online broker.
FXPRIMUS Review: Pros and Cons
Let’s discuss the Pros and Cons of these forex brokers further in this FXPRIMUS review:-
|Segregated client funds.||Limited range of financial instruments.|
|Established in 2009.||Not FCA regulated.|
|Regulated by CySEC, MiFID.|
|Minimum deposit from $100.|
|Used by over 10,000 FXPRIMUS users and traders.|
FXPRIMUS Account Opening Process
In our FXPRIMUS reviews, we also concluded the broker’s login and open an accounting process. See the below steps:-
- You must register to start an account with these forex brokers.
- The next step is to download the trading platform of your choosing after you’ve received your FXPRIMUS login area details through email, submitted your identification documents for account validation, and made a deposit.
- Here you will find full information about the FXPRIMUS login area. As part of the FXPRIMUS login process menu and standard KYC identification checks, you must produce essential documentation to establish your identity.
- These checks are regular procedures at FXPRIMUS, and they enable the company to maintain a secure financial and trading environment for its 10,000 consumers.
With an FXPRIMUS broker, you can trade as little as 0.01 lot. Depending on the type of account you open, this may or may not be the case. You can trade a maximum of 80 lots with FXPRIMUS. Because FXPRIMUS offers both ECN and STP execution, you can anticipate incredibly tight spreads and greater transparency when it comes to the price you pay to execute your transactions.
FXPRIMUS broker is one of the few brokers who claim to have no requotes. Therefore there’s no risk of slippage (your trades being ordered at a different price to what you executed them at).
Things You Need to Do While Opening an Account With FXPRIMUS
Because FXPRIMUS is regulated by the Cyprus Securities and Exchange Commission (CySEC), every new client must pass a few basic compliance checks to confirm that they understand trading risks, trading options, and trading costs are eligible to trade. You’ll probably be asked for the following information when you open an account, so have it ready.
Be warned that the expiration date of the Proof of Address document for different businesses under the FXPRIMUS brokers Brand may differ.
- a scanned color copy of your passport, driver’s license, or other government-issued identification.
- a three-month utility bill or bank account and statement that shows your current address and foreign exchange.
You’ll also need to answer a few basic compliance questions to prove your trading experience, market research, and market maker, so set aside at least 3 minutes to finish the account opening procedure. While you may be able to explore the FXPRIMUS site right away, it’s vital to keep in mind that you won’t be able to trade until you pass compliance, which can take several days, depending on your circumstances.
CFD Trading on FXPRIMUS
Let’s go through some of the fundamentals of using FXPRIMUS leverage. FXPRIMUS offers CFDs, which are a leveraged product with ten times leverage in this example.
So you have a $10,000 position, but you only put up a thousand dollars or a tenth of the account’s value. You’re in a circumstance where a small amount of money is in charge of a much larger financial issue. This is your negotiating position. So, how does leverage affect your earnings and losses? To put it another way, it magnifies them in both ways. When using FXPRIMUS, both gains and losses are magnified. Let’s imagine you want to buy $10,000 worth of General Electric (GE) utilizing the FXPRIMUS platform’s contracts for difference ( CFDs ). If General Electric (GE) gains 10% due to positive results, your $10,000 holding is now worth $11,000. It has increased in value by $1000 (10%), representing a one-hundred percent increase over the funds initially invested in your leverage CFD bet. Our initial investment of ten thousand dollars for the trade has made a thousand dollars in profit and benefits because the price is up to ten percent.
FXPRIMUS leverage works in both directions. If General Electric (GE) drops 10% on the week’s results, your $10,000 holding is now only worth $9,000. It’s now worth a thousand dollars less. CFDs from FXPRIMUS are most commonly utilized for short to medium-term trading. FXPRIMUS, for example, offers intraday CFD trading. CFD is riskier than typical market trading and market volatility because they are not linked to the financial markets.
However, because they are not linked to the financial markets, they can be more flexible than traditional market reports and trades as well as market makers, where you own the underlying asset. CFD trade signals allow you to trade fractional shares, worldwide market reports and market volatility, and short sell CFDs. CFDs can also be used to hedge by more skilled traders. Remember that CFDs are sophisticated instruments with a high risk of losing money quickly owing to leverage. Deposits may not be enough to cover losses and the margin requirements.
Types of FXPRIMUS Accounts
FXPRIMUS broker offers various types of retail investor accounts to its trader or user, like:-
- Demo Account
- Mini Account
- ECN Account
- Variable Account
- Micro Account
- Standard Account
- STP Account
- Islamic Account
The FXPRIMUS demo account allows new traders to improve their trade abilities on their platforms, becoming successful and confident traders. Experienced traders are also encouraged to try out demo retail investor accounts to experience their safe and secure trading environment. New traders can explore the MT4 trading environment via Webtrader, which requires no downloads and can be accessed from any device with an internet connection.
FXPRIMUS Variable Account allows users to trade forex, commodities, energy, and indices in a live, secure trading environment. As a Variable Account user, you will receive endless free educational resources to assist you in making informed trade decisions, as well as access to a variety of exclusive trading signals and tools available only to FXPRIMUS traders. Commission-free trades are also available to variable account users.
The FXPRIMUS ECN Premium Account is for investors with a minimum investment of USD 500. FXPRIMUS provides unlimited access to all of its premium services, including SMS updates and Trading Signals, to help traders make better decisions faster. With access to a weekly informational financial trading seminar and the lowest spreads starting at 0.1, the ECN Premium Account Holder is additionally assisted in their trading approach.
FXPRIMUS Trading Platforms
Trading is a risky gig that necessitates a great deal of experience and understanding. To begin trading, the company provides a one-of-a-kind and simple-to-use web platform, FXPRIMUS MT4 Download. After depositing money into their account balance, customers get access to a variety of features on the platform.
FXPRIMUS MetaTrader 4 Platform
In the trading world, the FXPRIMUS MT4 platform is the most trusted and trustworthy. It ensures that users are satisfied with their automated trading systems and that they are well supported and a success. Users can access the web platform after creating an account and depositing money into the account. FXPRIMUS MT4 download is a very user-friendly and dependable platform. On the left-hand side of the platform, you can search for different currency pairs. Users can search for trading pairs, forex, indices, lists, and other commodities based on their preferences.
There is a large chart display in the middle of the screen, with many settings that users can adjust according to their preferences. To get a strong understanding of technical analysis, users can choose the timings of candlesticks and apply additional trading indicators. Users can also choose between day and night vision to suit their needs. The MT4 trading platform for Windows 7, 8, and 10 can be downloaded from the website.
Features of MetaTrader 4 Platform
- Any device can use it.
- Allows for automated trading.
- Trading with a single click.
- Completely free indicators.
- There are numerous technical drawing tools available.
- Multi-charting lists.
- Portfolio management by a professional.
- Additional tools added.
Charting and Analysis
To be successful in trading, one must be skilled at charting and analysis. Considering the significance of charting and analyzing, FX PRIMUS has implemented a mechanism for training its user reviews using its many capabilities. Technical analysis is carried out using charting and a variety of indicators and methodologies. As a result, it gives its users an intense sensation of charting and analyzing. It also has a tiny terminal option.
It allows users to handle several trades, set a stop loss, and benefit from their successful trades. As a result, it gives its platform’s consumers a lot of conveniences.
As a result of rising globalization, mobile trading has become a necessity. Users can utilize the MT4 mobile trading platform to access their accounts and begin trading even near their laptops. As a result, mobile trading is essential in assisting FXPRIMUS users.
Under CySEC regulations, leverage at FXPRIMUS is regulated at 1:30 for retail clients and 1:200 for institutional traders. Potential clients should understand the dangers of leveraged trading.
It’s a service that allows you to connect to MetaTrader 4 (MT4). Due to the convenience of use given by FXPRIMUS, it assists users in making outstanding trading decisions.
FXPRIMUS provides a calculator tool to assist users in calculating the different levels that aid in the technical analysis of coins.
- Calculator for PIP.
- Calculator for Fibonacci numbers.
- Converting base currencies.
FXPRIMUS, like any other forex broker in the market, imposes an inactivity fee based on the spread, which is the difference between an asset’s buying and selling price. FXPRIMUS withdrawal fees vary depending on the payment method. FXPRIMUS does not charge inactive accounts a fee. It charges deposit inactivity fees. For example, fees are known to be high when depositing funds from a credit card. Online trading platforms, mobile trading apps, financial research tools, and educational resources are available from brokers. For a brokerage company to continue to provide these services and generate revenue as a business.
Brokers may charge clients various trading inactivity fees, and trading company which you should be aware of because they may impact your profits and benefits. The commissions and spreads displayed below are based on the minimum spreads listed on the FX Primus official website. The color bars show how competitive FX Primus’s spreads are in comparison to other popular brokers as well as trading experience.
(Average: 0.7 pips)
|0.7 pips||0.1 pips|
(Average: 1.1 pips)
|1.7 pips||0.1 pips|
(Average: 1.1 pips)
|0.6 pips||0.1 pips|
(Average: 0.8 pips)
|0.6 pips||0.2 pips|
(Average: 2.3 pips)
|2.3 pips||0.2 pips|
(Average: 2.9 pips)
|0.5 pips||0.3 pips|
(Average: 3.6 pips)
|2.8 pips||0.3 pips|
(Average: 2.4 pips)
|0.5 pips||0.1 pips|
Deposit & Withdrawal Options
Now, let’s discuss the Deposit and Withdrawal methods of the company, in our FXPRIMUS review:
One of the most significant aspects of the trader’s journey is the deposit method. They are going to invest their money in the hopes of getting a good return and quality on their investment advice. It accepts several different deposit ways. All deposits are credited to the accounts during business hours, Monday to Friday, 7:00 a.m. to 21:00 GMT+2. FXPRIMUS does not charge any deposit fees.
This FXPRIMUS review offers an insight into various payment methods offered by the platform:-
- Union Pay
The minimum deposit for different accounts:-
- For a standard account, the minimum deposit is $500.
- For a Premium account, the minimum deposit is $2500.
- For a VIP account, the minimum deposit is $10000.
It is the most highly awaited stage of a trader’s trip, as they will be receiving their funds through trading conditions and paying close attention to the withdrawal processes of various brokers while investing money. Withdrawing is possible with a credit card that can be ordered at FXPRIMUS ($15 fee one-time). The FXPRIMUS deposit method is not difficult to master. FXPRIMUS will only handle withdrawals back to the source of the initial deposit for all account types.
Payout is available in the following currencies:
- The minimum withdrawal amount is $100.
- The payout methods are the same as the deposits.
- Withdrawal is processed within 2-5 working days.
- No withdrawal fees are charged.
FXPRIMUS Bonus and Promotions
During our FXPRIMUS review, we reviewed that FXPRIMUS Bonuses are two sorts of trading bonuses intended to reward loyal customers while increasing trading volume. FXPRIMUS bonus offers both new and existing traders regulation and the benefit from the 30% trading incentive, which provides them with US Dollar 1500 in free trading funds. To be eligible for this offer, you must make a minimum deposit of US Dollar 500 or its equivalent in another currency and brokers.
FXPRIMUS Referral Program
Our FXPRIMUS review concluded that FXPRIMUS presently does not give referral benefits to new or existing traders who utilize the company’s goods and services. Brokers give referral bonuses to traders to attract third-party new customers and develop their customer support base and stocks. These bonuses frequently have stringent margin requirements that must be met before a trader can benefit from suggesting a friend or family member. Such bonuses are not available to traders who register or have a demo account.
Resources Offered by FXPRIMUS
To trade efficiently with FXPRIMUS, you must first understand the trading tools and market updates. Make full use of all educational resources available to you. This comprises both internal and external education tools provided by FXPRIMUS. FXPRIMUS has a wide range of educational materials. Take your time and become familiar with how the financial markets operate. Take the time to become familiar with your trading. Make buying and selling trades, discover how to take advantage of global trading times, and most importantly, know how to reduce and manage risk in your investments and execute regulation as well.
FXPRIMUS Mobile App
The FXPRIMUS provides the traders a FXPRIMUS app. The popular MT4 forex trading platform is available from FXPRIMUS. On the same device, the FXPRIMUS iOS or Android native app will perform faster than the Avatrade website and has better quality. FXPRIMUS also offers Android and iOS mobile apps, making it easy to keep track records of stocks and execute transactions while on the go.
FXPRIMUS Security Measures
- Regulation – With registration number 14595, VFSC regulates Primus Markets INTL Limited.
- Negative balance protection (NBP) – FXPRIMUS provides Negative Balance Protection (NBP) to all clients, ensuring losses never surpass their account manager balance.
- Top-Tier Liquidity – FXPRIMUS clients have access to a large amount of liquidity provided by worldwide top-tier banks and brokers.
- Third-party monitoring – By working with Boudica Customer Trust to enable third-party monitoring of client withdrawals, FXPRIMUS sets new standards for client funds’ safety to attract third requests that are processed as promptly and efficiently as feasible as a result of this.
FXPRIMUS Customer Support
In this FXPRIMUS review, we look at customer support options, response times, and the effectiveness of the FXPRIMUS trading platform in resolving issues. English, Spanish, Indonesian, Chinese, Thai, Vietnamese, Hungarian, and Malaysian is supported by FXPRIMUS. Because they offer a wide selection of languages, live chat, email, and phone assistance, FXPRIMUS has a triple AAA support and customer satisfaction rating.
FXPRIMUS customer care is available in a variety of languages from across the world. Having a broker who can recruit people from all over the world who can interact with you in your native tongue is a significant advantage when dealing with problems. For you to effectively trade the financial market makers on the FXPRIMUS platform, your customer service experience with FXPRIMUS must be favorable. FXPRIMUS should ensure that all of your queries are answered and that any issues with the FXPRIMUS platform are resolved. When an FXPRIMUS customer has a question about FXPRIMUS, the FXPRIMUS customer care personnel should take it seriously and respond quickly and effectively. FXPRIMUS has a fantastic client support team, which is why we gave them a good rating for customer satisfaction.
FXPRIMUS Live Support
After testing the FXPRIMUS live chat for our FXPRIMUS reviews and found it functional, we sent messages to FXPRIMUS live chat via their app and website and received a response in less than three minutes. You must put the FXPRIMUS chat service to the test. FXPRIMUS chat users benefit from a responsive chat service that provides excellent support. It’s far preferable to waiting days for an email. FXPRIMUS supports a variety of languages and locations. The FXPRIMUS help center immediately resolves customer difficulties. It also has a dedicated FAQ Section for the users.
FXPRIMUS Email Support
We emailed FXPRIMUS several times for our FXPRIMUS review, and their response times were consistently excellent. FXPRIMUS’ fastest reaction time was less than 2 minutes, while its slowest response was 3 hours. FXPRIMUS support response times may vary, but we had this experience sending ten emails at different times.
Our questions were answered and resolved by the staff and brokers. FXPRIMUS provides excellent email support.
FXPRIMUS Phone Support
FXPRIMUS provides excellent phone assistance. We called FXPRIMUS for our FXPRIMUS review and received a prompt response. In less than one minute, the call was answered. Our inquiries and issues were successfully answered over the phone by the FXPRIMUS phone support service. We put the multilingual FXPRIMUS staff to the test by making calls in a variety of languages. FXPRIMUS went out of its way to ensure that our questions were answered.
FXPRIMUS Reviews: Conclusion
Our FXPRIMUS review concludes that FXPRIMUS is not a scam broker. As being of the most trusted forex broker and is not a fraud, as evidenced by the multiple rules and strong protection of customer cash. FXPRIMUS is a one-of-a-kind trading platform that provides a wide range of services to its users. It gives you access to a variety of markets. It is a professional platform that offers a variety of account types and additional security features.
The FXPRIMUS platform has a competent crew behind it, in addition to a demo account manager. It provides a variety of tools and resources to aid traders. To assist users, FXPRIMUS has a very active support team. As a result, FXPRIMUS is a fantastic platform for simple, secure, and diverse trading. We don’t award this broker a full five stars because it only offers MetaTrader 4, and the spreads are slightly more significant than those supplied by popular competitors and brokers.
Brokers bonuses are one of the most effective ways to entice new traders to sign up and open account types, and the FXPRIMUS bonus provides this requirement with its welcome or deposit bonus. FXPRIMUS bonus also offers a cashback benefit and a 30% deposit bonus to loyal customers and traders who trade with FXPRIMUS in large volumes.
Is FXPRIMUS a Good Broker?
The Cyprus Securities and Exchange Commission (CySEC) regulation and the Markets in Financial Instruments Directive govern FXPRIMUS (MiFID). This means FXPRIMUS is governed by a jurisdiction that can hold a broker accountable for its mistakes or at the very least act as an arbitrator in the event of a larger disagreement.
FXPRIMUS can handle deposits and withdrawals in as little as 2 to 3 days. When withdrawing money, this is critical. FXPRIMUS has a global presence in several nations. This includes FXPRIMUS seminars and training in your area. FXPRIMUS can hire professionals from all around the world that are fluent in your native language.