FXPRIMUS is a well-established broker since 2009. FXPRIMUS has headquarters in Cyprus, South Africa and Vanuatu. FXPRIMUS to provide their Forex/CFD trading services to over 4 million clients.
This broker has also been regulated by CySEC 261/14, FSCA (South Africa) 46675 and VFSC 14595.
Branding their trading service as a three-pronged approach of safety through technology and education, FXPRIMUS is a broker operated by Primus Markets INTL Limited, a member company of the FXPRIMUS Group regulated by Vanuatu Financial Services Commission (VSFC). Other members in the network include Primus Global Ltd (regulated by CySEC) and Primus Africa (Pty) Ltd (regulated by FSCA).
Founded in 2009, FXPRIMUS brought their safety assurance with several programs like negative balance protection, segregated account, top-tier liquidity, third-party monitoring, and professional indemnity insurance of €2.5 million.
As for the main trading conditions, FXPRIMUS offers spread from 0.1 pips with a minimum trading size of 0.01 lot. Trading instruments in FXPRIMUS cover most of the highly traded assets in the financial market, starting from forex major pairs, equities, indices, energies, precious metals, and cryptocurrencies.
Interestingly, trading in FXPRIMUS also leads to the offering of two special accounts seemingly based on spread and/or execution, which are Variable and ECN Premium accounts. Traders who register under the ECN account would be served with the lowest spread starting from 0 pip. As much as its flexibility to present many kinds of trading accounts, FXPRIMUS doesn't describe the trading specifications for every account in great detail.
Therefore, traders may face difficulties when doing some research on additional but important specs such as maximum leverage, Stop Out and Margin Call levels for each account, etc. Nonetheless, spread and swap details are provided thoroughly on a special page labeled as Live Spreads and Swap. This reflects on FXPRIMUS' commitment as a transparent broker.
On the deposits and withdrawals front, FXPRIMUS generously gives traders with 0% fee policy. It enables traders to be more flexible in managing their deposit and withdrawal numbers without considering the number of fees that may be applied to their transactions. The payment methods vary from Wire Transfer, Credit Card, electronic payment like FasaPay and Skrill, as well as Bitpay that facilitates cryptocurrencies' holders.
Although the minimum deposit following an account opening in FXPRIMUS is quite high for new traders, this broker greatly emphasizes the importance of educational features. Traders can take advantage of numerous features like Weekly Outlook, Expert Guests, tutorial videos, and Webinars that serve educational purposes as well as analytical importance.
Unfortunately, FXPRIMUS hasn't upgraded its platform to a dual offering with MT4 and MT5. The broker still focuses on MT4 as the only trading platform for its traders, even though it tries to be at the forefront of high-end brokers in terms of technology advancement by providing VPS, Platinum API, and an in-house PAMM platform.
In conclusion, FXPRIMUS is an ideal broker to traders looking for safety aspects and mid-level trading technology. Considering its minimum deposit standard, it is recommended for traders with intermediate-level experience.
Apart from the forex demo account, this broker offers Premium, PrimusPRO , PrimusCLASSIC and PrimusZERO . To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by FXPRIMUS is up to 1: 1000. Meanwhile, you can open an account with a starting capital of $15.
If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:
Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.
Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.
Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.
FasaPay : Known as an e-payment for retail forex traders, FasaPay does not require a huge amount of fee, giving it a competitive edge among any other e-payments in the forex brokerage industry. Instant process is also featured as one of its advantages.
FXPRIMUS also provides payment with UnionPay, Crypto and Credit/debit cards
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.
Hereby, FXPRIMUS offers you MetaTrader 4, MetaTrader 5 and cTrader.
Do you have any question or find any trouble related to FXPRIMUS? If you do, you should reach FXPRIMUS's support to get the information that you need. Here is the detail of the broker's customer support:
FAQ About FXPRIMUS
A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if FXPRIMUS is a good broker for you or not by reviewing the criteria. In general, FXPRIMUS provides trading service in Forex , CFD and Crypto . As for the payment methods, you can choose between Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, FasaPay and Crypto. The customer support is available via Email, Phone, Callback, Live chat, Office and Skype.
The starting capital in FXPRIMUS is $15.
FXPRIMUS is regulated by CySEC 261/14, FSCA (South Africa) 46675 and VFSC 14595. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.
FXPRIMUS is a brokerage company offering trading services for clients since 2009 with offices in Cyprus, South Africa and Vanuatu.