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FX Primus Review
If you’re interested in forex and trading, then you might already be familiar with the FX Primus broker. In the recent years, it has become the most popular forex broker for traders in Brazil and Latin America. This review will tell you if FX Primus is safe to use.
The official website of the Forex Broker FX Primus
(Risk warning: 75.59% of retail CFD accounts lose)
Introduction to FXPRIMUS
FXPRIMUS is a Cyprus-based trading broker that has been in operation since 2009. It provides users with access to multiple services and markets, including gold trading.
The website is easy and reliable to use, with a demo account worth $50,000 to give users a real-time experience with the platform. Withdrawals and deposits are swift and secure.
FXPRIMUS keeps its customers up to date on all promotions by providing access to different types of markets and services. The company operates in different countries around the world.
Facts about FXPRIMUS:
1. FXPRIMUS is an online trading platform offering forex trading services and products to private investors, traders and institutions.
2. The company was established in 2013 and is headquartered in Limassol, Cyprus.
3. It offers a wide range of financial instruments including currencies, stocks, indices, commodities and precious metals.
4. FXPRIMUS has been awarded Best Forex Broker by BestForexBrokers.com in 2016, 2017 and 2018
(Risk warning: 75.59% of retail CFD accounts lose)
Is FXPRIMUS regulated? – Regulation and safety of customer funds
FXPRIMUS is a broker exchange that provides a secure environment for its users to trade and learn about trading. FXPRIMUS is regulated under the following regulators:
Primus Markets INTL Limited is regulated by the VFSC, with registration number 14595.
Primus Africa (Pty) Ltd, regulated by FSCA, with license no. 46675.
Primus Global Ltd, regulated by CySEC, with license no. 261/14.
FX Primus BROKER has a number of safety measures in place to protect users and ensure their funds are safe. Negative balance protection ensures that if a user loses more than they have, their remaining funds will be protected. The company keeps client funds in segregated accounts, so there is no risk of them being mixed with other users’ money. Along with this, FX Primus BROKER provides an audit of client funds and a third-party monitoring system to ensure the withdrawal swiftly.
FXPRIMUS safety of customer funds
FXPRIMUS is a high security and safe broker. It has all the necessary licenses and certifications, including the MIFID II authorization, which means that clients are protected by the Investor Compensation Fund (IFC) up to € 20,000. The Professional Indemnity Insurance of up to 5 million euros further ensures the safety of customers’ funds. In addition to these measures, FXPRIMUS only works with regulated payment providers and manages funds in European banks.
(Risk warning: 75.59% of retail CFD accounts lose)
Trading conditions and offers from FXPRIMUS
The FXPRIMUS community is doing its best to provide easy and quality services. However, these services come with certain restrictions that users have to follow. However, these restrictions also provide ease and security to the users of this platform. Following are the offers, spreads, and conditions are offered by FXPRIMUS.
Offers
FXPRIMUS offers various types of accounts based on the purpose of trading and amount invested by traders. The different types of accounts offered by FXPRIMUS include:
Basic Account – For those who want to start trading with minimum investment and minimum risk.
Standard Account – For those who want an intermediate level of investment and risk management.
Premium Account – For those who are willing to invest more than $1 million in their trading account with advanced features available for managing their trades better than any other type of account offered by FXPRIMUS.
Spreads
The spreads offered by FXPRIMUS start at 0.0 pips for EUR/GBP and end at 0.0 pips for NZD/USD. The spreads are determined by the market conditions of the product being traded by the user on his or her account. For example, if a user has opened an account with USD 30000 and wants to trade in EUR/GBP currency pair then he or she will be charged 0 pips spread as per the present market conditions of that currency pair.
See the table below for the average spreads:
ASSET:
ECN :
VARIABLE SPREADS:
EUR/USD
0.5 pips
1.7 pips
GBP/USD
1.1 pips
2.4 pips
USD/JPY
0.7 pips
2.1 pips
XAU/USD (Gold)
0.21
0.37
XAG/USD (Silver)
0.04
0.03
Conditions
A free demo account is possible
The minimum deposit is $500 (Standard account)
The minimum deposit is $2500 (Premium account)
The minimum deposit is $10,000 (VIP account)
Sims and VIPs alerts will be paused if there is no trading for 30 days
FXPRIMUS VPS Service can be gained by users having a minimum account balance of $500
Monthly fee of $30 for the resubscription of VPS service
(Risk warning: 75.59% of retail CFD accounts lose)
Review of the FXPRIMUS trading platforms
FXPRIMUS is a unique trading broker, which provides a simple and easy to use web-platform for the users. They can deposit money into their account and start trading with the help of different features provided by them.
FXPRIMUS MetaTrader 4 platform
MetaTrader 4 platform
MT4 is a trading platform that offers users the ability to trade on the world’s most popular markets. It’s easy to use, reliable, and supports automated trading solutions.
After creating an account and depositing funds into it, users can access the MT4 web platform. It is simple and reliable—and it provides users with everything they need for successful trading. On the left-hand side of the platform, there are different currency pairs that one can search. There are multiple trading pairs, forex, indices, and other commodities one can search as per their interest.
There is a big chart view in the middle of this screen; there are multiple options on this screen that let you change things around as per your preference. For instance, you can select the timings of candlesticks and use other trading indicators to have a good sense of technical analysis. You can also select day or night vision with ease (this feature is available only after signing up for a free demo).
The MT4 trading platform can be downloaded from our website for Windows 7 or higher operating systems.
(Risk warning: 75.59% of retail CFD accounts lose)
Charting and analysis
FXPRIMUS trading platform is a unique and revolutionary approach to the trading world. It is a platform, which focuses on educating its users through the variety of tools offered by its platform. 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. It also offers the mini terminal feature, which allows users to trade from their mobile phones as well.
Mini terminal
The FX Primus BROKER is one of the most versatile trading platforms that you can find. It helps the users to manage several trades, put a stop loss, and take profit from the good trades made by the users. Hence, it provides great ease to the users of its platform.
Mobile trading
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.
It is very easy to trade on the go with FXPRIMUS. The traders just have to download the MT4 app on their smartphones and tablets and they can start trading right away. They can access all their accounts and start trading in just a few clicks!
How to learn to trade and invest with FXPRIMUS:
FXPRIMUS has a very ambitious plan to help users familiar with trading. They are providing educational videos, seminars, and weekly outlooks to make trading easy for the users.
Also, they have come up with an easy plan to help in making users familiar with trading and education. The broker assists users in the following ways in making trading easy for users:
Educational videos: The videos are designed by experts in the industry and are available on YouTube channel of FXPRIMUS website. The videos cover different topics related to forex trading such as technical analysis, fundamental analysis, risk management etc.
Seminars: Seminars are conducted by experts from time to time at different locations across the globe for people who want to learn more about forex trading. Seminars are one of the best ways to learn from real-time traders who have experience in this field for years now.
FXPRIMUS blogs: Blog section is filled with articles written by members of their team which are updated often so that users can read them whenever they want or need it most. Blogs cover different topics related to forex trading such as technical analysis, fundamental analysis, risk management etc.
Educational videos
FXPRIMUS provides educational videos to users in order to help them become professional traders. These videos are accessible from the following link:
(Risk warning: 75.59% of retail CFD accounts lose)
Blogs
To understand the momentum of the market, FXPRIMUS issues blog posts about major events and major performers of the trading markets. The blog posts also include expert’s predictions for future market performance.
Seminars
FXPRIMUS is planning to conduct seminars on various developments and seek future market potential with the help of technical and fundamental analysis experts. Seminars can be accessed at the following link: [link].
We are also planning to conduct workshops on trading strategies and investment opportunities with an aim to understand how you can manage your portfolio. The workshops will be held at our office. These events are open to all our clients and interested parties.
FXPRIMUS is a well-known broker with a rich history of excellence in the financial industry. The company has been providing traders with the best possible trading conditions for many years, and it is one of the most popular brokers among its users.
In order to facilitate the users, FXPRIMUS invites famous and expert guests to give lectures on trading and to give their predictions about the technology behind different coins and their future use in the modern era. Expert’s bits of advice can be accessed at the following link:
Opening an account is a confusing and complicated step for new traders. However, FXPRIMUS has made this step easy as a piece of cake.
Users need to have a valid email address and provide proper details about themselves in compliance with the regulators of the FXPRIMUS. After entering the details, users have to click on the verification link. After this step, users have to upload their documents for further verifications. Then, users can start trading by investing amounts into their accounts and can start doing trading.
(Risk warning: 75.59% of retail CFD accounts lose)
FXPRIMUS offers registration of three types:
Traders
Affiliates
Introducing broker
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.
FXPRIMUS gives three types of accounts for its users:
Standard account
Premium account
VIP account
FXPRIMUS account types
Standard account
If you’re just starting out with forex trading, the Standard account is the perfect place to start.
With a minimum deposit of just $500, you can get started right away and begin making trades on the market.
In addition to the daily market outlook, our Standard account offers one-to-one consultations with our certified traders, as well as 100% trading bounce and zero commission.
Premium account
FXPRIMUS is a forex broker that offers two types of accounts: standard and premium. The premium account, which is the second type, has better features than the standard account.
The FXPRIMUS Premium Account offers daily market updates, one-on-one consultation, 100% trading bounce, 60 minute MT4 & Trading Tool Training, Live Market Update Telephone Cell, and Zero commission fee. The minimum deposit for this account type is $2500.
VIP account
FX Primus VIP Account
The VIP account is the best account among all three account types. It has all the features offered by the platform, with the exception of a few.
The minimum deposit for this account type is $10000. You can also enjoy one to one consultation, 100% trading bounce, 60 minute MT4 & Trading Tool Training, Live Market Update Telephone Calls and 30 Minute consultation with Market Specialist. You get personal access to a market specialist 24/7 and VIP trading signals too.
VIP accounts do not have any commission fee and that’s why you can trade without worrying about expenses or charges.
(Risk warning: 75.59% of retail CFD accounts lose)
A free demo account is also offered
FXPRIMUS has its own demo account facility to offer to new traders who are starting their career in the trading world. The demo account gives them a realistic experience of the real trading environment and helps them understand how to make money from the market.
It is no more a blessing for 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.
The negative balance of protection
The negative balance of protection is a feature that acts as a safety net for new traders. It protects traders from going into debt beyond their investment capital by selling their assets to raise the funds needed to pay off their losses. This feature is available for all types of accounts.
Deposit methods at FXPRIMUS
The deposit method is one of the important methods in the trader’s journey. As they are going to invest their money hoping to get good results for their efforts. There are different methods of deposits offered by FXPRIMUS. All deposits are credited into the accounts during working hours: Monday to Friday, 7:00 – 21:00 GMT+2.
There are two main types of deposits:
1- Credit card
2- Bank wire transfer
Note: FXPRIMUS do not apply any deposit fees
Following are the payments methods offered by FXPRIMUS:
(Risk warning: 75.59% of retail CFD accounts lose)
Minimum deposits for the different account types
The standard account minimum deposit is $500
Premium account minimum deposit is $2500
VIP account minimum deposit is $10000
Withdrawal process of FXPRIMUS
The withdrawal method of FXPRIMUS is not a herculean task.
The deposit method of the FXPRIMUS is not a herculean task. It is the most awaited part of traders’ journey, as they are going to get their money through trading and they take great care about the withdrawal process of different brokers while investing money. The deposit method of the FXPRIMUS is not a herculean task.
Payout method is available in the following currencies
USD
EUR
SGD
GBP
PLN
HUF
The minimum withdrawal amount is $100
The payout methods are the same as the deposits.
Withdrawal is processed within 2-5 working days
No fees are charged
Note: For all accounts types; FXPRIMUS will only process withdrawals back to the source of the original deposit
(Risk warning: 75.59% of retail CFD accounts lose)
Customer support and services
FXPRIMUS provides a vibrant customer support team to assist you with any issues you may have, whether they are related to trading or not. Our support team is available 24/7 and will do everything they can to resolve your issue as quickly as possible. Below, you’ll find the different ways that our support team can be reached:
Telegram Bot
We have a Telegram bot that answers questions instantly and resolves issues of any kind. You can contact it at https://telegram.me/fxtradingbot.
Whatsapp +357-94091194
If there’s an emergency, we’re here for you! You can also reach us via WhatsApp at +357-94091194.
Zalo Channel: me/597160341116660481
If you don’t have Telegram or WhatsApp installed, no problem! You can still reach us through the Zalo channel at me/597160341116660481. Just make sure to search for “FXPRIMUS” so that our chatbot picks up on your message and replies back with an answer shortly thereafter (usually within minutes).
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Overall services
FXPRIMUS provides immense services to the users, to make their dream of becoming pro-traders as soon as possible. FXPRIMUS is determined to make trading easy for the people. Following are the services provided by FXPRIMUS to its users.
Secure funds of users
120+ trading pairs
Platinum API
Economic calendar
Meta-trader
Trading tools suite
VPS
Calculator
Zero commission fee
Educational videos
Demo account
24/5 customer support
Tools offered by FXPRIMUS
VPS
FX Primus Broker is an online trading platform that allows you to connect to the MetaTrader4. It helps you make great trades due to the ease provided by the FXPRIMUS.
Calculator
FXPRIMUS offers a tool that allows you to calculate the different levels that help in the technical analysis of coins. The calculator includes a PIP calculator, Fibonacci calculator and currency converter so that you can easily calculate the values of your trades.
(Risk warning: 75.59% of retail CFD accounts lose)
Is FXPRIMUS a scam or not? – Our conclusion to the review
FXPRIMUS is a unique trading platform that offers a variety of services to users. It provides access to different types of markets. It is a professional platform that has different types of accounts with different features. Along with a demo account, the FXPRIMUS platform has a very competent team behind the project. It offers different tools and assistance to help traders. FXPRIMUS has a very vibrant support team to assist the users. Thus, FXPRIMUS is a great platform that is easy, secure, and diverse platform trading. We do not give this broker a full star rating because only the MetaTrader 4 is offered and the spreads are a little bit higher than with popular competitors.
(5 / 5)
