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Just to clarify, while you can have multiple accounts under one FXPRIMUS ID, MT4 is built by a third-party software company and requires that multiple MT4 accounts require different IDs. You can send an email to and include “TP Review” and your FXPRIMUS ID in the subject line. The written content features high-quality and well-written topics. I recommend beginners read them to understand some basics before enhancing their education with trusted third-party sources available online free of charge. FXPrimus does not really have any unique features, as it focuses on a competitive core trading environment, which I believe it has achieved with its Primus Zero account. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker.
As an added safety measure, FXPRIMUS has also introduced a client fund insurance of €2.5million, which is offered for free to all clients. You can reach FXPRIMUS platform while you’re on the go from your mobile device, as long as you have internet connection to access your trading account. Any processing fees from your bank will have to be incurred by you.
- The platform has a clear view, very customer friendly and allows you to befit or get better from largely available education videos.
- Richard has many years of experience in broker research, testing, analysis and reviews.
- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
- But aside from the fact that they are a licensed broker, they are known for launching supplementary protective measures for trading and that makes them a standout in the forex trading industry.
- FxPrimus’s support is available via phone call, contact form, email and live chat directly from the broker’s website .
Everything that you find on InvestingBrokers.com is based on information and data that is readily available from each broker that we have reviewed. We combine our 15+ years of industry experience with research, analysis and user feedback. This enables us to give an impartial and reliable broker rating. The broker offers customer support 24/5 via live chat, phone, and email. FXPRIMUS provide one of the most secure online trading environments available anywhere in the trading industry.
Between 74-89% of retail investor accounts lose money when trading CFDs. There is a short online form to complete and you will need to verify your email. You will then need to upload a form of identification and proof of address.
Overall, FX Primus is an established forex broker offering the MT4 trading platform and other useful online trading services. The support is very good with very rapid response times, and there is a variety of account options and deposit methods to choose from for your convenience. I like the trading environment at FXPrimus for high-frequency traders in the Primus Zero account, which offers highly competitive trading conditions. The asset selection is small but suits traders who require few but liquid assets, while FXPrimus provides MT4, MT5, and cTrader. Only MT4 is available for the Primus Zero account, where this broker ranks among the leading providers amid high leverage and low costs.
A Honest 12 years user of FX Primus
This 2021 FX Primus review will direct you safely about trading with them. Trading with FxPrimus can be done only via the Metatrader 4 platform, available on desktop terminal and mobile versions. FxPrimus offers a limited selection of about 160 assets to trade, including Forex, indices, stocks and commodities. FXPrimus does offer a free demo trading account for beginners to start training in a 100% risk-free environment. The FXPrimus Demo Account can be set as non-expiry on request. FXPrimus is well-regulated by the Cyprus Securities and Exchange Commission , the Vanuatu Financial Services Commission , and the Finacial Sector Conduct Authority .
This helps to ensure that client withdrawal requests are executed as quickly and efficiently as possible. FXPrimus is a brand of FXPrimus Group, an online trading company operating from several offices. Primus Global Ltd is licensed by CySEC and that gives them the authority to provide trading services to EU clients. Primus Markets INTL Ltd is regulated by FSCA, a South African regulatory body which makes this company legal for South African clients as well.
FXPrimus Review – 19 Key Point Quick Overview
Overall,FXPrimus can be seen as a trustworthy well-regulated broker that provides quality trading facilities to a global market. Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading!
Trading with FXPrimus will involve fees from $5 USD / R 80 ZAR, spreads from 0.5 pips to 1.7 pips, and commissions of up to $10 USD / R162 ZAR depending on the account traders select. However, the commission fee starts from $5 per standard lot per round for pro and zero spread accounts. FXPRIMUS offers 130+ trading instruments over multiple asset classes such as forex, cryptocurrencies, commodities, indices, futures, options, bonds, and indices. Today, the MetaTrader 4 platform is the industry standard for creative and sophisticated trading platforms. It can handle a wide range of financial products, and regular investors use it to buy and sell currencies. FXPrimus is currently regulated by the Cyprus Securities and Exchange Commission and the Vanuatu Financial Services Commission .
Only verified trading accounts may request withdrawals, and FXPrimus processes withdrawal requests Monday through Friday between 0700 and 2100 (GMT+2). FXPrimus does not offer research and functions as an execution-only broker. Given the wealth of free and paid-for research available online, I do not consider its absence a negative. While it creates a services gap with many competitors, FXPrimus maintains a competitive environment suited for advanced high-frequency traders who do not require research.
One of the first things I will check out when I’m researching any broker is how competitive their spread is and what their margin requirements are. I’m happy to report that Fx Primus are highly competitive with their spreads, with 2 pip spreads for EUR/USD and USD/JPY on their standard account. You can get even more competitive spreads on their ECN account, but of course you will have to make a larger deposit. Of course, during all other times, you will continue to enjoy trading on fixed spreads as usual. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital.
All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. fxprimus review I am a registered user from the Netherlands and now i cannot login anymore to the client area without first being forced to have my account transferred to Primus Markets INTL Limited.
Is FX Primus a good broker?
Since its establishment in 2009 they have emerged as a top player in the field of online trading. FX Primus includes a highly aggressive and full-featured trading site that is focused on forex, indices, metals, stocks , commodities. FXPrimus notes that it covers all deposit and withdrawal fees, but third-party costs may apply, dependent on the payment processor. While the minimum deposit is as low as $15, the minimum withdrawal for all payment processors is $100.
FX Primus charges a deposit fee for transferring money into your trading account. FX Primus charges a withdrawal fee if you make a bank transfer. Every time you move money back into your bank accounts, these withdrawal charges become applicable. Generally, FX Primus doesn’t charge high fees in comparison to other online brokers.
In order to claim the sign-up bonus, a Trader must deposit $100 USD. FX Primus offers various trading tools that are useful for traders. The most prominent are PAMM accounts, VPS, and a trading tools suite. Mobile trading is the need of the hour due to increased globalization. The users can access the MT4 mobile trading platform to access their accounts on mobile to start their trading whenever they are away from their laptops. Thus, mobile trading plays a vital role in facilitating the users of FXPRIMUS.
Where is FXPrimus from?
This can be very convenient if you are day trading multiple instruments at the same time. On Trustpilot, most of the opinions appeared to be spam with advertisements in them. Although FXPRIMUS has a long history, it still is not a reason to trust this broker at first glance. It often appears that even the most famous companies deceive their customers. You need to read a lot of information on the web to find out for sure. With FXPRIMUS, the MT4 platform has multiple account base currencies that are supported and are available in over 30 different languages.
Rather consult to an expert, use your instinct and start your trading with a convenient trading instrument. That’ll be a nice move towards journey to your trading world. Andorid mobile devices and tablets are used by millions of people globally. The Android FX Primus https://forexbroker-listing.com/ MetaTrader 4 application enables traders to make the most of multiple advanced trading features which enables them to monitor and trade quickly on the go, simply and securely. They features trading on MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps.
They believe that providing you with the best possible academic, technical and practical support can help to give you sustainable success whatever your level of expertise. I certainly think that they go above and beyond to ensure this is possible. FXPRIMUS seems to be a trustworthy and legit company that is regulated by several authorities and has a long history. It uses the MetaTrader 4 software, Platinum API, and VPS Service. The customer support appeared to be very responsive, but the customer reviews did not look that good. An example is given by one of the customers who mentions a situation where the price per Gold fell 1000 pips in a few seconds.
Therefore, beginning traders are most welcomed, also coordinated Seminars around the world centers allowing the potential public to join trading as well. You may refer to the support with any concern and count on a quality service while the support team accessible via Live Chat, International Phone Lines and email. In terms of the Customer Support FXPrimus also strives to make you comfortable along all the process of account opening, trading and usual service. There are numerous supported languages, which are also covered by FXPrimus entities around the world.
FXPRIMUS provides direct market access using a unique FIX Protocol to clients that demand a more personalised experience with quicker execution times. It is worth noting that access to the Platinum API requires a minimum deposit of $50,000, despite the fact that margin requirements on some instruments are as low as 1% via the API. MT4 is ideal for traders of all levels of expertise and is known for its user-friendly interface, comprehensive charting features, technical analysis tools, and automated trading capabilities. FXPRIMUS’s MetaTrader 4 platform accepts a variety of account currencies, including USD, EUR, GBP, SGD, and PLN.
Also, the company has the license provided by VFSC, regulation of Vanuatu, the country where their headquarter is. Conclusion of our review, FXPrimus regulation is coming from Cyprus for EU clients, FSCA for South African clients, and Vanuatu. It provides safety to its users through negative balance protection and by keeping users’ funds in segregated accounts. Along with this, it also provides an audit of client funds and a third-party monitoring system to ensure the withdrawal swiftly. FX Primus offers demo accounts for the ease of beginner traders. You may use this feature to build your faith in the machine and yourself and your trading strategies.
The tight spread begins from as low as 0.0 pips, even though they are offered for just razor balances. The agent goes to great lengths to comprehend what traders need. The agent also provides a number of programs for all kinds of traders.