This is a detailed review for FXPRIMUS, a multi-asset trading platform with over 130+ tradable assets. Assets offered on FXPRIMUS are Forex, Social trading. It‘s a secure and straightforward platform regulated by the Cyprus securities and exchange commission (CySEC) and other organizations. FXPRIMUS offers a wide range of services as well as access to a variety of marketplaces. It provides access to more than 120 trading pairs in several markets and a gold trading platform. FXPRIMUS’ web platform is simple to use and dependable. It provides a $50,000 sample account manager to provide users a hands-on experience. Withdrawals and deposits are both quick and secure. FXPRIMUS dedicated crew is dedicated to assisting users by providing a variety of specials and deals. The business is active globally.
FXPRIMUS Overview
| Official Website | https://www.fxprimus.com/ |
| Headquarters | Cyprus |
| Founded Year | 2009 |
| Regulated | Yes |
| Products offered | Trading Platform, Forex Broker |
| Minimum Initial Deposit | $100 |
| Maximum Leverage | 1:30 and varies with Clients Region |
| Islamic Accounts | Yes |
| Demo Account | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | No |
| Trading fees | Depends on Currency |
| Inactivity fee | Yes |
| Withdrawal fee | Free |
| Supported currencies | USD, EUR, SGD, GBP, PLN, & HUF |
| Customer Support | Email, Phone, Live Chat & FAQs |
During times where the internet is flooded with multiple FXPRIMUS reviews, it can be time-consuming to find trustworthy reviews and a broker who meets your needs when trading in financial markets. Let‘s dive deep into this FXPRIMUS review and see how well the company’s platform performs as a global online financial trading platform for traders who trade with FXPRIMUS. In this FXPRIMUS review, we will discuss the Pros and Cons of FXPRIMUS broker, what the company offers, in which countries the company is available, account types offered by the company to its trader account opening process. Lets start and read more about how it works.
What Is FXPRIMUS？
FXPRIMUS was founded in 2009 and has its head office in Cyprus. VFSC regulates Primus Markets INTL Limited. Primus Global LTD regulated, FXPRIMUS is a global online financial trading platform and broker of multi assets. It offers its VIP clients opportunities in online forex trading, commodities, energies, and indices. It provides academic, technical, and practical support to its clients throughout their trading journey.
FX Primus has also achieved many Global brands awards, like:-
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Global Forex Awards Best Asian Forex Support 2019 Winner.
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Traders Fair Best Trading Service South Africa 2019 Winner.
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FXDailyInfo Awards of being Best Forex Broker Europe 2019.
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Global Brands Best Forex Broker Asia 2019 Winner.
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Global Brands Most Trusted Broker Asia 2018 Winner.
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Traders Awards Best Forex Broker Vietnam 2018 Winner.
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FxDailyInfo Awarded FX Primus Best Customer Support Broker and Best Trading Platform 2018 Winner.
Features of FXPRIMUS
As per our reviews, it provides the following features:-
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Demo Account.
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API Trading.
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Social Trading available.
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Copy Trading available.
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StopLoss.
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Trailing Stops.
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TakeProfit limit Orders.
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FXPRIMUS offers Advanced Financial chart comparison tools.
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FXPRIMUS offers Research-backed analysis on financial markets and investment advice from top analysts.
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The FXPRIMUS platform is available to use on multiple devices, including Windows PC, Apple MAC computers, IOS devices like iPhones and iPods, Android devices, and online through a web browser.
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It also offers an easy-to-use platform with tools for both new traders and seasoned experts.
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FXPRIMUS users benefit from using the FXPRIMUS platform in over eight different languages.
Services Offered by FXPRIMUS
As per the FXPRIMUS review, FXPRIMUS offers a wide range of services to its traders to help achieve the goal of becoming a professional trader as quickly as possible. FXPRIMUS is dedicated to making trading simple for the general public. FXPRIMUS offers the following services to its customers:-
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Users funds are kept safe.
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There are more than 120 trade pairs available.
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Economic calendar using Platinum API.
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Meta-trader is a set of trading tools for Meta-traders.
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VPS.
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Calculator.
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There is no commission cost.
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Customer service is available 24/7.
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Educational videos and demo accounts.
Is FXPRIMUS Regulated？
In this FXPRIMUS review, we reviewed that FXPRIMUS is regulated and supervised by reputed financial regulatory bodies. FXPRIMUS is regulated by the Cyprus Securities & Exchange Commission (CySEC) regulation and the Markets in Financial instruments directive (MiFID). The brokerage companies have to comply with various rules and criteria for license approval; this is decided by a financial conduct authority to ensure safe trading and maintain a license. Regulatory agencies monitor broker activity, share, and will intervene if something goes wrong. Before trading with a broker like FXPRIMUS, make sure they are a legitimate online broker. If you are looking for FCA or ASIC-regulated brokers, visit our best forex brokers UK page or Australian forex brokers page.
FXPRIMUS Review: Pros and Cons
Lets discuss the Pros and Cons of these forex brokers further in this FXPRIMUS review:-
| Pros | Cons |
| Segregated client funds. | Limited range of financial instruments. |
| Established in 2009. | Not FCA regulated. |
| Regulated by CySEC, MiFID. | |
| Minimum deposit from $100. | |
| Used by over 10,000 FXPRIMUS users and traders. |
FXPRIMUS Account Opening Process
In our FXPRIMUS reviews, we also concluded the brokers login and open an accounting process. See the below steps:-
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You must register to start an account with these forex brokers.
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The next step is to download the trading platform of your choosing after youve received your FXPRIMUS login area details through email, submitted your identification documents for account validation, and made a deposit.
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Here you will find full information about the FXPRIMUS login area. As part of the FXPRIMUS login process menu and standard KYC identification checks, you must produce essential documentation to establish your identity.
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These checks are regular procedures at FXPRIMUS, and they enable the company to maintain a secure financial and trading environment for its 10,000 consumers.
With an FXPRIMUS broker, you can trade as little as 0.01 lot. Depending on the type of account you open, this may or may not be the case. You can trade a maximum of 80 lots with FXPRIMUS. Because FXPRIMUS offers both ECN and STP execution, you can anticipate incredibly tight spreads and greater transparency when it comes to the price you pay to execute your transactions.
FXPRIMUS broker is one of the few brokers who claim to have no requotes. Therefore theres no risk of slippage (your trades being ordered at a different price to what you executed them at).
Things You Need to Do While Opening an Account With FXPRIMUS
Because FXPRIMUS is regulated by the Cyprus Securities and Exchange Commission (CySEC), every new client must pass a few basic compliance checks to confirm that they understand trading risks, trading options, and trading costs are eligible to trade. Youll probably be asked for the following information when you open an account, so have it ready.
Be warned that the expiration date of the Proof of Address document for different businesses under the FXPRIMUS brokers Brand may differ.
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a scanned color copy of your passport, drivers license, or other government-issued identification.
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a three-month utility bill or bank account and statement that shows your current address and foreign exchange.
You‘ll also need to answer a few basic compliance questions to prove your trading experience, market research, and market maker, so set aside at least 3 minutes to finish the account opening procedure. While you may be able to explore the FXPRIMUS site right away, it’s vital to keep in mind that you wont be able to trade until you pass compliance, which can take several days, depending on your circumstances.
CFD Trading on FXPRIMUS
Lets go through some of the fundamentals of using FXPRIMUS leverage. FXPRIMUS offers CFDs, which are a leveraged product with ten times leverage in this example.
So you have a $10,000 position, but you only put up a thousand dollars or a tenth of the account‘s value. You’re in a circumstance where a small amount of money is in charge of a much larger financial issue. This is your negotiating position. So, how does leverage affect your earnings and losses？ To put it another way, it magnifies them in both ways. When using FXPRIMUS, both gains and losses are magnified. Let‘s imagine you want to buy $10,000 worth of General Electric (GE) utilizing the FXPRIMUS platform’s contracts for difference ( CFDs ). If General Electric (GE) gains 10% due to positive results, your $10,000 holding is now worth $11,000. It has increased in value by $1000 (10%), representing a one-hundred percent increase over the funds initially invested in your leverage CFD bet. Our initial investment of ten thousand dollars for the trade has made a thousand dollars in profit and benefits because the price is up to ten percent.
FXPRIMUS leverage works in both directions. If General Electric (GE) drops 10% on the week‘s results, your $10,000 holding is now only worth $9,000. It’s now worth a thousand dollars less. CFDs from FXPRIMUS are most commonly utilized for short to medium-term trading. FXPRIMUS, for example, offers intraday CFD trading. CFD is riskier than typical market trading and market volatility because they are not linked to the financial markets.
However, because they are not linked to the financial markets, they can be more flexible than traditional market reports and trades as well as market makers, where you own the underlying asset. CFD trade signals allow you to trade fractional shares, worldwide market reports and market volatility, and short sell CFDs. CFDs can also be used to hedge by more skilled traders. Remember that CFDs are sophisticated instruments with a high risk of losing money quickly owing to leverage. Deposits may not be enough to cover losses and the margin requirements.
Types of FXPRIMUS Accounts
FXPRIMUS broker offers various types of retail investor accounts to its trader or user, like:-
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Demo Account
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Mini Account
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ECN Account
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Variable Account
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Micro Account
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Standard Account
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STP Account
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Islamic Account
Demo Account
The FXPRIMUS demo account allows new traders to improve their trade abilities on their platforms, becoming successful and confident traders. Experienced traders are also encouraged to try out demo retail investor accounts to experience their safe and secure trading environment. New traders can explore the MT4 trading environment via Webtrader, which requires no downloads and can be accessed from any device with an internet connection.
Variable Account
FXPRIMUS Variable Account allows users to trade forex, commodities, energy, and indices in a live, secure trading environment. As a Variable Account user, you will receive endless free educational resources to assist you in making informed trade decisions, as well as access to a variety of exclusive trading signals and tools available only to FXPRIMUS traders. Commission-free trades are also available to variable account users.
ECN Account
The FXPRIMUS ECN Premium Account is for investors with a minimum investment of USD 500. FXPRIMUS provides unlimited access to all of their premium services, including SMS updates and Trading Signals, to help traders make better decisions faster. With access to a weekly informational financial trading seminar and lowest spreads starting at 0.1, the ECN Premium Account Holder is additionally assisted in their trading approach.
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