FXPrimus Review: Forex online trading broker

Founded in 2009, FXPRIMUS is an online trading broker with great emphasis put towards client safety and education whilst utilising new technologies to continue to try and improve their offering to traders.

Average broker rating

3.7/ 5

Rating breakdown

Protection & Regulations
60% Complete (danger)
3.0/5
Trading platforms
100% Complete (danger)
5.0/5
Tradable Products
100% Complete (danger)
5.0/5
Deposit and withdrawal
100% Complete (danger)
5.0/5
Trading Fees
20% Complete (danger)
1.0/5
Support
60% Complete (danger)
3.0/5
# Broker's Features FXPRIMUS Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review FXPRIMUS.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. FXPRIMUS offers Online Financial Trading and Investment Services Such as Commodities, Metals, Oil, Gold, Indices.

Tradable Products: At FXPRIMUS, you can trade in forex, precious metals, energies, stocks and market indices.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. FXPRIMUS is STP.

Features: Apart from the provision of a reliable trading platform, FXPRIMUS has also provided a whole range of trading tools to enrich the trading experiences of its traders.

Executing Trades:

As FXPRIMUS offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. FXPRIMUS recommended minimum capital is $100.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. FXPRIMUS is regulated by CySEC. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Investor Protection & Regulations: FXPRIMUS is a regulated broker with regulatory oversight in 3 different jurisdictions. The broker being regulated by the Cyprus Securities Exchange Commission (CySEC) is MiFID compliant and offers adequate protection to traders with regards to their funds.

Account currencies: Next lets consider the Account currencies each broker offers. FXPRIMUS offers USD, EUR, GBP, AUD, SGD different account currencies for each account types.

Account Openning: FXPRIMUS trading accounts are categorized into 3 main types, a demo account, a variable account and an ECN account. The Variable account is further sub categorized into 3 types namely the standard account, the premium account and VIP account.

FXPRIMUS offers a demo account for practicing trading skills and get familiar with the broker’s trading platform.

Languages Available: Next lets have a look at each broker's different Language options. FXPRIMUS offers Arabic, Chinese, English, French, German, Italian,.

Payment methods: Next lets have a look at each broker's payment options. FXPRIMUS offers Bank Wire Transfer, Moneybookers different payment methods for each account types.

Deposit and withdrawal: Funding of trading accounts at FXPRIMUS is a convienet process as the broker offers several payment options. You can fund or withdraw from your trading account using eWallets, bank transfer or credit/debit cards.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, FXPRIMUS makes MT4, FXPRIMUS WebTrader, iPhone, iPad available to clients.

Web & Desktop Trading Platforms: The mainstay of FXPRIMUS’s trading platforms offering is the MetaTrader 4 platform developed by MetaQuotes software. This platform is the world’s most popular platform and is robust and reliable.
Mobile Trading Platforms: For traders wishing to trade on the move, they can do so by downloading the MT4 mobile trading apps from Google Play store or Apple App Store.

Other

Trader Education
There is no lack of education resources at FXPRIMUS. The materials that are found in the educational center are compiled by some of the most experienced analysts in the industry.

Support
Customer support at FXPRIMUS is comprehensive and traders can easily reach out to the support to the various communication channels provided by the broker.

Recup
FXPrimus is a solid broker, with an ECN account and a wide selection of assets across a broad range of instruments. The trading conditions are fair and although there is no proprietary platform, the MT4 is available.

Final Thoughts
FX Primus offers 120 financial instruments to traders, including forex majors, minors and cross pairs. Other instruments include crypto, indices, stocks, energies, and commodities. A generous selection of bonuses and promotional offers complements the quality trading experience at this FX brokerage.

Trading Experience
The provision of quality services at FXPRIMUS ensures that traders with this broker will get a fulfilling trading experience.

People Also Asked

Is FXPRIMUS regulated?
Yes, FXPRIMUS is regulated by top-tier regulators, CySEC inclusive.
Where is FXPRIMUS based?
FXPRIMUS is based in N/A
How does FXPRIMUS make money?
FXPRIMUS charges a spread between the bid price and ask price. It does NOT charges a commission.
How do I deposit in FXPRIMUS account?
With FXPRIMUS you can deposit money via the following means; Credit Card, Cryptocurrencies, FasaPay, Giropay.
How do I withdrawal in FXPRIMUS account?
FXPRIMUS lets you request a withdrawal of funds from your account via the following means; Credit Card, Cryptocurrencies, FasaPay, Giropay.
What is the minimum deposit for FXPRIMUS?
FXPRIMUS has $100 minimum deposit.
What are the available account base currencies with FXPRIMUS?
FXPRIMUS trading accounts are offered in USD, EUR, GBP, AUD, SGD. If your country's currency isn't included in the list, you will need to open an account with another currency base.
What is the max leverage in FXPRIMUS?
FXPRIMUS has a maximum leverage is 1:500 for professional traders.
How do I open an account with FXPRIMUS?
Opening an account with FXPRIMUS is a three-step process. First fill out the registration form, second is to send verification details to the verification department and lastly is to fund your account.
Does FXPRIMUS use MetaTrader?
FXPRIMUS platforms: Yes, FXPRIMUS use MetaTrader as well as the following platforms: MT4, FXPRIMUS WebTrader, iPhone, iPad
What type of broker is FXPRIMUS?
FXPRIMUS appears to be a STP broker which offers market access to a variety of traders.
Does FXPRIMUS accept US clients?
No
Does FXPRIMUS offers Islamic accounts ?
Yes
What financial instruments can I trade?
You can trade a wide variety of instruments with FXPRIMUS: You can trade a wide variety of instruments with FXPRIMUS: Commodities, Metals, Oil, Gold, Indices

Are you Satisfied with what They Offer?