Customer support is available 24/7, and you can reach them via chat service from their official site or by sending an email. Also, it provides advanced risk management settings to guide, especially beginners, in avoiding the risk of huge losses through proper risk management. This involves managing your money for profit and loss and calculating the position size.
I also like how they have plenty of account funding options and do not charge any inactivity fees. Despite the positives, I think that they could improve by adding some more financial instruments and extending support hours to 24/7, especially considering they do provide cryptocurrency trading. Other than that, they can be a good choice for anyone looking for convenient market access and a secure environment. Like most online trading brokerages, FXPRIMUS provides their traders with the ever popular suite of MetaTrader 4 trading platforms. Traders have access to the downloadable MT4 desktop platform, the MT4 Web Terminal platform, and the MT4 mobile trading application for both iOS and Android devices. All of the MT4 trading platforms mentioned here are highly sophisticated and intuitively designed to provide the best and most secure online trading experience.
While they offer a lot of seminars and lessons to improve their clients’ skills, they have been under an alarming amount of criticism. Furthermore, they don’t offer a large variety of accounts, having only standard, premium, and VIP options. As such, the option for traders to customize their experience is quite limited. Lastly, the choice of trading instruments leaves a lot to be desired, as the site provides just shy of 100. FXPRIMUS provides multiple trading platforms and trading apps with solutions to meet the needs of all traders. Those of you who want simplicity can enjoy the user-friendly MT4 and MT5 platforms.
That’ll be a nice move towards journey to your trading world. FXPrimus is a financial trading broker that offers its clients access to Forex, Stocks plus Commodities across both web and mobile platforms. Trading platforms available include the MetaTrader Suite and cTrader with 4 Live trading accounts made available for every level of trader. The demo account is no more a blessing for the new traders as they get real-time experience to do the live trading. FXPRIMUS also offers a demo trading account to its users by following the same steps we have mentioned above. It provides $ 50,000 to users for trading to get experience trading in a much better way.
FXPrimus is a Financial Service Provider company that is currently regulated by the Vanuatu Financial Services Commission as well as the Financial Sector Conduct Authority in South Africa. In this FXPrimus review, we will try to dig deep and verify all of the information that the broker has disclosed to the public. The outcries of the FXPrimus scam have been sighted on various websites, so we believed that a thorough research was needed to verify them. Upon further inspection for this FXPrimus review, we have found out that FXPrimus does have some solid features. It has a learning focus that allows new trading enthusiasts to ease into the world of trading.
Is FXPRIMUS scam or safe?
FXPrimus offers several account types to suit all levels of experience, trading style, and levels of investment. The accounts you can choose from to suit your needs are PrimusCENT, PrimusCLASSIC, PrimusPRO, PrimusZERO, and PrimusDEMO. All accounts come with access to Educational Materials, Video Tutorials and Live Webinars. Live Chat Support 24/5 and support on Messenger, Whatsapp, Wechat, Zalo, Line and Telegram are available to all. Although deposits are safe with this type of bank, it still depends on the users on how they’ll manage their finances and their losses. This may be due to their lack of experience in trading, high-risk trading, or not doing enough research on market trends.
FXPrimus Demo Account offers traders a demo account to familiarise themselves with the platform and test strategies ahead of depositing funds. It has good functionality and access to Educational Materials, Video Tutorials and Live Webinars. Live Chat Support 24/5 and support on Messenger, Whatsapp, Wechat, Zalo, Line and Telegram. 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.
- Responses and help are pretty fast, but honestly not that amazing.
- Many users don’t like having to be around their desktops to trade, so mobile trading has become somewhat of a must.
- You can use your e-wallet or credit card to deposit on FX Primus.
- FXPRIMUS is a unique trading platform that offers a variety of services to users.
- FXPrimus is a classic STP broker that does not execute trades by itself.
Theforexreview.com needs to review the security of your connection before proceeding. WOT is a browser add-on used by millions of users to rate websites and online shops. Inactivity fee – FxPrimus does not charge an inactivity fee or any account maintenance fees. Nothing to help new traders really makes me think they only care about getting cash quick. In our eyes, FXPrimus is a scam, and even if it wasn’t, the experience it provides is mediocre at best, with many better alternatives present on the market.
The 25% Bonus offer is open to clients who place a first-time deposit into a Live-trading account with Primus Markets INTL Limited. Bank wires are available in USD, EUR, SGD, GBP, PLN, HUF, ZAR, and BRL. Credit/debit cards and e-wallets support USD, EUR, SGD, GBP, PLN, and HUF. Only verified trading accounts may request withdrawals, and FXPrimus processes withdrawal requests Monday through Friday between 0700 and 2100 (GMT+2).
The MT4 trading platform can be downloaded from the website for windows 7, 8, and 10. International clients will trade with the Vanuatu subsidiary, while EEA traders deal with the CySEC unit. Primus Global, the CySEC-licensed entity, acts as the headquarters for the group and Primus Solutions Ltd , Primus Global Ltd , and Primus Support Ltd .
With an FxPrimus demo account traders can compare this CFDs broker with its peers, regarding the product offering and the trading conditions. A FxPrimus demo account is also useful for novice traders to practise their trading skills in a safe environment, without risking real money. Monthly cash back Payments are credited and sent automatically by the 12 of the month following the month rebates are earned in. Spread or commission reduction The trader actually receives reduced commissions and/or spreads.
However, there are many areas which the broker should improve. The official website of the broker does not have plenty of information, fxprimus review which negates the opportunity to a trader. Also, it lacks some information, such as leverage value and others.
Also, traders can rest assured they are trading in a safe, secure, and fair online trading environment. All in all, FXPRIMUS is an excellent online trading brokerage that provides a vast array of reliable trading services to both beginners and experienced traders. Overall, I think FXPRIMUS is a reliable broker with an excellent range of platforms and tools that can meet the demands of both retail and institutional clients. They have very good trading conditions including flexible account types for all of your different trading strategies. There is a generous selection of educational content for beginners and free demo accounts if you want to get a feel for what they have to offer without taking any risk.
The broker is owned or licensed under FXPRIMUS group which is managed by Primus Markets INTL Limited and Primus Global Ltd. This broker has not only regulation by a single body but also has regulations from different authorities almost all around the whole world. In UK, FXPrimus is regulated by the most famous FCA & in Cyprus by CySEC.
And on top of that, FxPrimus offers attractive 30% and 100% trading bonuses, to new and existing clients of Primus Markets INTL Limited. With a minimum deposit of 500 USD, eligible traders will receive a 150 USD trading bonus on their accounts up to a maximum of 1,500 USD. Trading on a mobile device is an increasingly popular way to trade the financial markets. FXPrimus offers this option on a range of platforms, including the popular MetaTrader 4 platform. The mobile platform is designed to provide a convenient and user-friendly experience, and it is compatible with a range of mobile devices, including smartphones and tablets. This can be a great way to take advantage of market opportunities when you are on the go, and it can also be a convenient way to manage your account and place trades.
FXPrimus does offer a Partner Account, better known as an Introducing Broker program. Each month, FXPrimus will pay a commission to the introducer. The commission paid will be calculated at the discretion of FXPrimus.
They have live support 24/7 through the website, and you will be given a dedicated account manager who is on hand to assist if they can. The broker offers customer support 24/5 via live chat, phone, and email. FXPRIMUS has a reasonable product portfolio of around 130+ financial instruments. The broker offers popular asset classes such as forex, CFDs, stocks, indices, commodities, options, bonds, and cryptocurrencies.
FXPrimus is an execution-only broker focused on the core trading environment. It does not offer value-added services but caters to its core market well, making it a good broker for scalpers. FxPrimus claims quick execution speeds, via state-of-the-art execution systems worldwide, combined to create a seamlessly efficient trading environment.
The main reason could be it’s pricing costs, slightly higher when compared with other top brokers. Withdrawals fees – Same policy applies for withdrawals (processing times vary depending on the withdrawal method chosen, normally within 1-5 business days). FxPrimus does https://forexbroker-listing.com/ not charge any fees for withdrawals, provided it meets the minimum withdrawal threshold. The minimum withdrawal with FxPrimus is 100 USD , required to avoid paying withdrawal fees. For more information, please visit the FxPrimus deposit and withdrawals dedicated page.
The information on the site is largely based on individual opinions and we cannot guarantee its accuracy and credibility. FXPrimus can be summarised as a trustworthy broker that provides tailor-made account types and market leading trading platforms to a global market. FXPrimus is regulated by two tier-2 regulators and one tier-3 regulator. There are several brokers in the financial market that work to enhance the trading standards of traders.
Data supplied in partnership with CashBackForex – Forex Rebates places FxPrimus on the top 25 brokers for popularity with traders opening an account in 2020. Currently, FxPrimus trading accounts are only available in USD, EUR, SGD, GBP, PLN and HUF. FxPrimus also complies with the client money handling rules and employs strict policies and procedures regarding the maintenance and operation of these accounts. FxPrimus holds client’s money separately to the company funds and does not use these funds for any operational expenses or purposes. FxPrimus complies with the highest safety standards for client’s funds. For this reason, FxPrimus client’s funds are kept in top-tier international banks, such as the Hellenic Bank, fully segregated from the company’s funds.
Apart of MT4, FX Primus also offers PANM, Platinum API, VPS etc. And finally, FX primus WebTrader login is available for all types of accounts to view and manage client’s trades directly from online. 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. FXPrimus features four account types, including one Cent account, only available with the MT4 trading platform.