FXPrimus Review ️Unbiased Pros and Cons Revealed

However, the commission fee starts from $5 per standard lot per round for pro and zero spread accounts. 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. FXPRIMUS’s team of professional financial analysts has collected a library of trading education that includes videos, seminars, and webinars. These offered insights and financial reports to help you improve your trading knowledge and abilities and make more educated trading decisions.

The FXPRIMUS ECN Premium Account is for minimum deposits of USD 500. With ECN account there is 1 pip commission deducted from your account in real-time for the equivalent of every standard lot traded. A mini lot (0.10) will be charged approximately USD 1 and a micro lot (.01) will be charged approximately USD 0.10.

A negative balance of protection is the key feature to help new traders not get into the debt trap. It saves traders by selling their assets and not going into loss beyond their investment money. 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. Another advantage for the safety of customers’ funds is the Professional Indemnity Insurance of up to 5 million euros.

Competitive commission-based MT4 accounts for high-frequency traders. Overall,FXPrimus can be seen as a trustworthy well-regulated broker that provides quality trading facilities to a global market. Richard https://broker-review.org/ has many years of experience in broker research, testing, analysis and reviews. He knows what to look for through years of trading himself with different brokers and listening to the feedback of others.

review on fxprimus

Thus, FXPRIMUS offers a copy trade technique for those who want to automate their trading by following better traders. The FXPRIMUS broker also keeps all client funds in segregated accounts, which allows traders to ensure that their funds are only used for their trading. FXPRIMUS also uses top-tier liquidity providers from recognized international banking institutions . The only reason I’m not giving 5 stars is that they don’t have Rawspread accounts and the broker only offers the MT4 platform – other than that it’s a great broker that offers customer service of quality.

Types of FXPRIMUS Accounts

The opinions of customers who use the web are not so much in French but generally positive and similar to Admiral Markets review in 2021. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations. Finally contacted FXPrimus account manager, he/she asked to submit a complain. This is the same message I get from them, going round and round!

review on fxprimus

The broker established its offices in Vanuatu, along with a Forex Broker in Cyprus, South Africa and other countries around the world to cover the global needs of their clients. FXPrimus provide traders with access to the CFD market, spot market, and spot currency. The wide selection of instruments offered by the company includes Crude Oil, three types of metals, 43 currency pairs, and a vast range of market fxprimus reviews indices and international stocks. The FXPrimus website offers three account types, including the FXPrimus Standard Account, the FXPrimus VIP Account, and the FXPrimus Premium ECN Account. Le FXPRIMUS brokercan take on the roles of an ECN broker or market-maker depending on the types of trading accounts chosen by a trader. FXPRIMUS indeed offers an ECN account and an account with variable spreads.

FXPRIMUS – Best Stock Broker?

Then, users can start trading by investing amounts into their accounts and can start doing trading. The crypto world has seen a great surge in peoples’ interest to take part in trading. Owning to this surge in peoples’ interest a lot of broker exchanges has been surfaced. The decision to choose a perfect online broker is and was not easy for the users.

review on fxprimus

Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.

FXPRIMUS has servers in London, New York, Singapore, Hong Kong, Seoul and China. 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.

Other Regulated Brokers

Definitely nowadays it is almost impossible to imagine trading without a mobile trading platform, as it allows you to monitor and stay updated with the situation whenever you are. FXPrimus MT4 Mobile platform also please us with a range of technical analysis and chart option features it offers, so you may customize already good design of the mobile platform. With FXPrimus you’ll get access to trade over 120 Instruments including Forex, Commodities, Stocks, Energies, indices, and cryptocurrencies. One of the great offerings from FXPrimus is its established one of the safest and rewarding online trading environments with costs starting as low as from 0 pips. While overall, FXPrimus numerous achievements along with the advanced trading conditions were recognized by world traders over 100,000s and global publications as well. These awards include titles such as Best Forex Broker Europe 2019 by FxDailyInfo Awards, Most Trusted Broker Asia by Global Brands Awards, and more.

  • CySEC gives them authority to work with EU clients, FSCA is South African regulation, and VFSC is an offshore Vanuatu regulation.
  • In this piece, I review the different features of the broker in detail.
  • FXPrimus Fees charged while all trading styles are welcomed at FXPrimus, based on tight spread conditions and quite competitive trading costs with spreads of 0.1 pips with no commission.
  • For credit card VISA, Masters Card & American express are available.
  • With NBP, FxPrimus customers are protected from any losses bigger than their original investments, in cases of extreme market volatility.
  • To protect your privacy, please reach out to our team and we’ll happily review any issues you may have faced.

The spreads and commissions obviously depends on whether the trader is using the ECN account option or not. For ECN trading, spreads with FXPrimus are quite tight, starting from 0.7 pips for the popular EUR/USD pair, and with a commission of USD 10 per lot traded. For the commission-free accounts, however, spreads for the same currency pair starts from 1.9 pips, which positions this broker in the mid range compared to its competitors.

You will then need to upload a form of identification and proof of address. Once verified by the accounts team you will then be able to fund your account and start trading. I completed it within minutes and had an email right away with my login details. It is great that the whole process is done online but also expected in today’s day and age.

Distinctive features

Simply click on “Verify My Email Address” to provide additional information on the site. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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. These can be examined in order to help you improve your trading skills. FXPRIMUS provides direct market access using a unique FIX Protocol to clients that demand a more personalised experience with quicker execution times.

The company uses the most advanced encryption technology to ensure your personal details, and financial details is safe and secure for any hackers. You will also be pleased to know that the site offers the same deposit methods when it comes to making a withdrawal. The banking section offers seven different currencies to transact with, including HUF, PLN, SGD, AUD, GBP, EUR, and USD. Payments are processed within 24 hours from the site and can take up to 3 working days to reflect in your bank account, depending on the payment method you selected. The FXPrimus trading firm is operated by two different companies in two jurisdictions. Previously known as FXPrimus Europe Limited, the Primus Global Limited company is based in Cyprus and is regulated and licensed by CySEC .

Trading carries a high level of risk and may not be suitable for all investors. FXPRIMUS offers wire transfer, debit/credit cards, e-wallets, and crypto as funding options. This section contains a weekly analysis of different market instruments to keep you informed regarding the latest global market conditions. FXPRIMUS does not charge an inactivity fee from its clients which is great and an advantage they have over many other brokers. However, you should check with your service provider, see if they apply any transaction charges. In terms of safety, this broker should be positioned in one of the top levels because of their variations of regulations & business policies.

We are happy to see that FXPrimus’ is among the brokers that offer 24-hour customer support on trading days. The customer service team can be reached via a South Africa-registered phone number, live chat, or email. It’s also possible to call the broker’s trading desk directly with any issues related to trades and order placement.

The Great Gathering