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FXPrimus Review 2021: Trustable Broker or Another Scam?

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. Also, the company has the license provided by VFSC, regulation of Vanuatu, the country where their headquarter is.

Traders at the CySEC subsidiary get an investor compensation fund, covering up to 90% of deposits up to a limit of €20,000. FXPrimus segregates client deposits from corporate funds, offers negative balance protection, and has a clean regulatory track record with over twelve years of experience. Fortunately, you are able to use a Demo Account on the FXPrimus Forex broker platform. No matter what type of broker offers you this opportunity it’s always nice to have it because you can experience the spreads and commissions in real time without having to risk an investment. Even if you don’t like it you can just easily opt out immediately.

review on fxprimus

Firstly the customer service and staffs of FX Primus are very Friendly and Helpful in terms of withdrawal of Funds from the trading account I do not face any issue. The only problem issue on FX Primus are the MT4 platform execution of order FX Primus really need to upgrade the speed and reliability of the platform. Hope FX Primus would be able to upgrade this issue in the future if not going to lose out lots of customers in this competitive broker arena. Other then this problem I don’t have any issue with FX Primus ….

Platforms & Tools

When signing up as a new client with FXPrimus, all users get the choice between the Standard Account, Premium Account, and VIP Account. The minimum deposits for opening these accounts are USD 500, 2,500, and 10,000, respectively. However, the real difference between the three account types is not that significant, with the main thing probably being that VIP Account holders have access to “VIP Trading Signals” via SMS. FXPRIMUS offers a wide range of financial instruments across seven classes of assets, including forex, indices, shares, energies, precious metals, futures, and cryptocurrencies. While traders can access more than 40 FX pairs, 110 share CFDs are also available to trade.

  • For instance, it is possible to withdraw the funds only to the account and method with which you made a deposit.
  • Customer support is available in an impressive number of languages including English, Chinese, Vietnamese, Thai, Malaysian, Russian, Spanish, Portuguese, Arabic, Hungarian, Indonesian, Swedish, Czech & Farsi.
  • Since traders can synchronize the mobile app with the desktop or web client, placing orders and performing other trading activities via single-click trading becomes convenient.
  • Remember that CFDs are sophisticated instruments with a high risk of losing money quickly owing to leverage.

The broker puts time and effort in safety, technological innovations and access to educational material for the clients. FXPRIMUS customer care is available in a variety of languages from fxprimus reviews 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.

What Is FXPRIMUS?

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. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. Index trading is for those with a keen eye for changes in a certain sector or a group of stocks.

Overall, on our FxPrimus review, the broker scores 4 out of 5 as it is a good choice for traders looking for a safe broker with strong regulations and safety of funds in place. 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.

Clients can access educational videos, weekly outlook, and live webinars under the education section at FXPRIMUS. While there are nine videos featuring how-to-guides on different products and services offered by the broker, the seminar section has nothing to display. Honestly, new brokers are least likely to find any valuable educational content on FXPRIMUS. Not to mention, FXPRIMUS highlights education as one of the pillars of its business model. However, it fails to maintain the quality needed to uphold its claim. Minimum deposit – Opening a trading account with FxPrimus is easy and can be done online, taking around 5 to 10 minutes to complete all the forms with the required information.

The sign-up bonus is made available to new and existing clients. In order to claim the sign-up bonus, a Trader must deposit $100 USD. The 25% Bonus offer is open to clients who place a first-time deposit into a Live-trading account with Primus Markets INTL Limited. FXPRIMUS offer a huge range of funding and withdrawal methods including online payment processors such as Skrill and Neteller for fast and convenient transfers. I would say they have perhaps the most impressive selection that I have seen from any broker. I love that there are so many digital wallets as this is my preferred method of payment.

While all of this may sound highly advanced, the platform and it’s features are intuitively designed making for a seamless trading experience that can easily be understood. All in all, traders will not be disappointed with the suite of MetaTrader 4 trading platforms offered by FXPRIMUS. 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.

How do I withdraw money from FXPrimus?

In this FXPrimus Review, we will talk in detail about features, benefits, and much more about this trading platform. By registering for our ECN Premier Account you agree to have a 1 pip commission deducted from your account in real-time for the equivalent of every standard lot traded. This commission is deducted the time you exit the trade, and is non-refundable.

review on fxprimus

There are three types of accounts available, including Standard, Premium, and VIP account. Let’s quickly review the services offered in each account type. The broker provides different account types to ensure that each trader pays a fair amount for trading services and gets the best trading experience. FXPrimus Commission in every trading account is different, so make sure you consider it first. To trade efficiently with FXPRIMUS, you must first understand the trading tools and market updates.

Deposit and Withdrawal Fees

In addition, trading with FXPrimus you may use its social trading capabilities together with PAMM Broker Facilitating relationships between World Class fund managers and Followers PLATINUM API With Fix Protocol. The deposit may be performed via numerous ways while in addition, FXprimus rewards clients with coverage of the fees and charges. Yet, always check carefully with your payment provider in case any fees will be waived due to its own policies.

The account-making process is the same for all the types, but there is a slight difference in the affiliate’s type, as users have to enter the link of the affiliate while making the account. It helps the users to manage several trades, put a stop loss, and take profit from the good trades made by the users. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. To protect your privacy, please reach out to our team and we’ll happily review any issues you may have faced. Please send an email to and include “TP Review” and your FXPRIMUS ID in the subject line. Thanks for taking the time to leave us a review, we are really glad to see that you are happy with our services.

Clients are allowed to use different trading and money management strategies, including hedging and scalping. Unfortunately, due to strict regulatory requirements, the broker does not accept clients from the United States. Also, the company does not entertain clients from Australia, France, https://broker-review.org/ Belgium, Japan, Iran, and North Korea. The broker has been in operation since 2009 and continues to serve global clients. The broker has no specified trading hours; when the market opens and when you will trade assets is entirely decided by the real market and not by the broker.