FXPrimus Review 2021 Are They a Scam?

Moreover, there is a possibility to request Islamic Account known as Swap-free account that traders of Islamic faith to enter the trading process with no swap charges or spread widening. Also, Premium Account entitled to additional services like weekly informative financial trading seminars and offered with lowest spreads. Leverage may magnify your exposure to markets, yet the probability of profits or losses increases in parallel, which makes it essential to learn how to use leverage smartly. This2022 Forex Broker Reviewhas been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on FXprimus broker performance and features.

FXPrimus explains its products and services well, but an FAQ section is unavailable. This could result in beginner traders engaging with customer support more than usual. Equity trading remains commission-free, and swap rates on leveraged overnight positions remain https://forexbroker-listing.com/ low, increasing the cost advantage for active, leveraged traders. I highly recommend the Primus Zero account, which ranks among the cheapest ones available. International clients will trade with the Vanuatu subsidiary, while EEA traders deal with the CySEC unit.

For starters, you have to choose the right online trading platform who’ll always be transparent with you. All of the information about the brokers you see reviewed on comparebrokers.org come from our partners, some of whom we have an affiliate relationship with. The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to their users.

  • I rank trading costs among the most defining aspects when evaluating an exchange, as they directly impact profitability.
  • It often appears that even the most famous companies deceive their customers.
  • You can use this feature to build your faith in the system as well as yourself and your trading strategies.
  • The MetaTrader4 platform is one of the favorite among traders with user-friendly interface, advanced charting features, technical analysis tools and automated trading capabilities.
  • FXPrimus presents clients with two regulated entities and maintains an overall secure trading environment.

You can fund your trading account using multiple payment options with low minimum requirements. You also get free deposits and withdrawals and transactions are seamless. FXPrimus is a global financial trading broker that is known to offer access to Forex, Stocks plus Commodities across both web and mobile platforms. Trading platforms made available by FXPrimus include the MetaTrader Suite and cTrader with 4 Live trading accounts made available for every level of trader experience. FX Primus provides traders with over 120 instruments to trade online, including forex currency pairs, commodities, indices, and equities.

Does FX Primus offer phone customer support?

You will probably also have top go through the standard KYC checks but FX Primus are normally pretty quick with this. We have tested communication through FX Primus support in multiple languages across multiple countries. If trading currency pairs is of interest to you then FX Primus offer over 45 forex pairs. Withdrawal of money is possible at any moment from the FX Primus account. You can withdraw up sums to the sum of your account balance, keeping aside the margin utilized.

The webinars are led by industry professionals and cover a wide range of subjects relevant to all sorts of traders and investors. FX Primus has won multiple forex broker awards, including the Most Trusted Broker Award from MENA in 2015, and is regulated by CySEC, VFSC, and FSCA. According to our FXPrimus broker review, this broker has in its offer around 130 assets, which is a bit lower if you compare it to other brokers on the market. Since FXPrimus broker has CySEC regulation and FSCA, for their customers coming from Europe and South Africa, we can say that this broker is safe for people coming from these countries. For all the other clients, they are applying regulation of VFSC, an offshore and not so safe regulator.

In regards to FXPrimus withdrawals, all withdrawals are handled within hours and FXPrimus prioritizes the withdrawal/refund back to the source of the original deposit. FXPRIMUS offers multiple funding options to make deposits and withdrawals seamless. The broker accepts and offers bank transfers, debit/credit cards, e-wallets, and cryptocurrencies as payment options.

fx primus reviews

FX Primus is a great broker, and its own users can vouch for it. The highlight of this platform is its quick order execution on trades. FX Primus is an online brokerage platform, and most online brokerages charge lower prices than traditional brokerages tend to charge.

All traders can put aside all their worries when trading using FX Primus. FX Primus admits the importance of owning a quick order execution. A fast implementation enables users to exchange without fretting fxprimus review about slippage safely. The customer service is second to none and they offer a very wide range of options on offer. Having explored a few others, i will definitely recommend FX Primus above all else.

The technical analysis is done through charting by the use of various indicators and techniques. Thus, it provides a great sense of charting and analysis to its users. FX Primus MetaTrader 4 download option for all platforms are given individually in the official website of FX Primus. 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. Account holders can send and receive funds using an e-wallet, a virtual bank account number in a local currency or a re-loadable prepaid MasterCard debit card.

Trading Calculators

My experience for this support team was very very good, and i really appreciate for their responsiveness and ability to understand written information though English is foreign language to me. 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.

fx primus reviews

SSL encryption simplifies each user’s private information also. They provide a diverse range of trading platforms which can be accessed on desktops, tablets, smartphones or directly on web browsers. They have the MetaTrader4 platform for Windows, Mac and mobile apps for Android and iPhone/iPad devices.

FXPRIMUS Regulation Summary

The minimum deposit amount required to register an FXPrimus live trading account ranges from $15 USD up to $10000 USD depending on the live account option chosen. These minimum deposit amounts are equivalent to R 245 ZAR up to R162’000 ZAR respectively. FXPRIMUS conducts independently certified financial, and compliance audits on a regular basis to ensure an unbiased, transparent, and accurate evaluation of the company’s finances. FXPRIMUS customer funds are stored in separate bank accounts from the company fund and hence cannot be utilised for any other purpose, such as operating expenses. Accounts with negative balance protection are also available. FXPRIMUS has a team of professional traders who keeps commenting on the financial markets and help its clients make informed decsions and learn from these experienced traders.

It’s to establish a feeling of security and confidence in you until you decide to spend your own money. FX Primus are a professional brokerage that has been open for over 13 years. FX Primus has over 100 trading tools to support all kinds of traders. These tools are dynamic and convenient for both the new and seasoned traders.

This FX Primus review breaks down each of the applicable non-trading charges for you in detail. On the other hand, a spread denotes the difference between the buying and selling cost. Financing or overnight rates are those who are billed when you maintain a leveraged position for longer than daily. In the following table we take the main parts of any professional brokerage and compare FX Primus with freetrade, and easyMarkets. If you feel that FX Primus is not right for you then at the bottom of this FX Primus review you will find a lot of alternatives to FX Primus.

I would always suggest starting on a demo account to see if a broker can meet your needs. Along with comprehensive offering, the broker’s efforts went on engaging in targeted strategies through the advanced educational resources suitable for traders of different levels. Designed education allows better provision and quality online trading, which FXPrimus recognizes as an essential part of success. The account types offered by FXPrimus also reflect its strive to manage the need of both beginning traders, those that require specified conditions and professionals.

fx primus reviews

Withdrawal, im not sure about others since im using Escrow services my withdrawal usually settle in just an hour, the max is 6 hours, but their disclaimer is 24hours for escrow withdrawal. The commission-free pricing environment begins with an expensive 1.5 pips or $15.00 per round lot and is the only one that offers MT4 and cTrader. I rank trading costs among the most defining aspects when evaluating an exchange, as they directly impact profitability. FXPrimus offers traders commission-free Forex trading with either spreads or a highly competitive commission-based alternative. The broker has a skilled and experienced global customer service team who are on hand to offer you support 24/5 via online chat, telephone or email. I have always had a quick response to my questions and appreciate that they have reached out to me just to see how things are going without being prompted to do so.

Pro’s & Con’s Of Trading With FX Primus

News feeds aren’t automatically linked to Meta Trader, I don’t think there are even news feeds for individual pairs. I gave them 5 stars when I started but I recently switched to a real broker and realised just how bad fxPrimus truly is. The secure back office of FXPrimus handles all financial transactions, where traders have access to ten payment processors. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-based Primus Zero account. Here is a screenshot of the FXPrimus quotes in their MT4 during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. Index trading is for those with a keen eye for changes in a certain sector or a group of stocks.

All trading works through STP and manual market manipulation is highly restricted in FX Primus. This can look to be a little number, but within the year, this adds to a significant amount of gains. While FX Primus supply you all the tools to make money, they cannot guarantee you will profit. You will discover the clean design of this platform along with the commendable features that are pleasant to work with.

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! These people are not professional in dealing with such matters. Finally, when I asked for the ombudsman’s contact details, I was asked, “what is his name?”. I have been having this problem since 2018, but only now the account faced massive losses! It’s not worth communicating with FXPrimus, these people will give the needless ‘run around’.

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