FXPrimus

FXPrimus

FXPrimus
FXPrimus
Introduction
Licensing and Regulation
Mobile Trading
Brand & Functionality
Registration Process
Depositing Process
Product Offering
Trade Execution
Banking
Customer Support
Trading Tools
Overall Rating:

Broker Information

User Rating
Leverage
Instruments
Platforms
Account Types
Account Currency
Commissions
Founded
Customer Support
Min Funding

    Introduction

    ★ ★ ★ ★ ★

    FXPrimus is considered one of a handful of brokers that has managed to create a very high standard for transparency, operating efficiency, security, and safety. Former traders from the hedge fund and retail sectors established the company in 1999 with the sole purpose of providing the power of high-frequency processing to corporate and individual clients alike. The company boasts a network of centres situated in Singapore, Hong Kong, Amsterdam, and New York. When combined with world-class liquidity providers, the company’s STP is extremely difficult to match within the industry. STP, when it comes to high volumes, will allow for EA’s, hedging, scalping, and other trading strategies to flourish with no re-quotes or slippage. The only exception, under certain conditions, is a Non-Farm Payrolls release.

    The infrastructure at FXPrimus merges incredibly well with the MT4 platform which is available in over 30 different languages. The site supports mobile, web, and desktop interfaces along with bilingual support five days a week. Traders will also be able to benefit from tight spreads, both fixed and variable, and high leverage levels of up to 1:500. The company’s ECN pricing option will be able to reduce spreads to a couple of tenths of a pip. FXPrimus also offers exceptional support and training materials while traders will be able to benefit from an advanced range of trading tools . This includes Sirix social trading, alerts, pattern recognition software, and other trading options, Islamic accounts and micro-lot trading are also available on the site.

    Licensing and Regulation

    ★ ★ ★ ★ ★

    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 (Cyprus Securities Exchange Commission). The Primus Global Limited brand primarily serves traders within Europe, while international traders that are not situated in Europe are served by Primus Markets Limited which is regulated and licensed by the VFSC (Vanuatu Financial Services Commission). These two jurisdictions ensure that clients experience a trustworthy, reliable, and safe trading environment that is both fair and honest while keeping client funds completely secure.

    Mobile Trading

    ★ ★ ★ ★

    Traders that are always out and about and away from their desktops will be pleased to know that FXPrimus offers a mobile-friendly version of the site which supports the MT4 platform that is featured on its desktop counterpart. The FXPrimus mobile app is available on Android devices via the Google Play Store and for iOS devices via the App Store from Apple. The FXPrimus app has been designed for both tablets and smartphones and is almost identical to the desktop version, offering the same features and trading tools.

    Brand & Functionality

    ★ ★ ★ ★ ★

    FXPrimus is regarded as one of the most secure trading environment online while taking extreme measures to ensure safety for each client. The site boasts with lightning-fast execution for all accounts and multilingual, personalised customer support. It also offers unbeatably safe trading conditions along with free access to education pages. The overall functionality of the brand is exceptional, to say the least. It comes equipped with a modern user-interface with innovative features and categories to make trading an absolute breeze. The software is smooth, reliable, and extremely safe, complete with tons of trading instruments that will the most avid trader satisfied.

    Registration Process

    ★ ★ ★ ★ ★

    FXPrimus offers one of the safest places to trade, and the registration process is one of the easiest and quickest in the market. The company provides a quick sign up process where you only need to provide your first name, last name, email address, country of residence, phone number, username, and password. Once the above mentioned details are provided, the registration is completed and you will receive an email to verify your account. Simply click on “Verify My Email Address” to provide additional information on the site.

    After your account has been verified, you will need to provide additional details, such as personal details, trading knowledge and experience, and your financial background. You will also need to upload a copy of your ID or Passport and a copy of your most recent utility bill, not older than three months. You will also need to select your preferred trading account before you complete the registration process. You will be pleased to know that you don’t have to provide your documents during registration, but you will need to upload them if you wish to make a withdrawal on your account. Therefore, we highly recommend that you get this step out the way before you complete the registration process.

    Depositing Process

    ★ ★ ★ ★

    Once your account is set up and you verified your email address, you will be able to make your first deposit. FXPrimus comes equipped with a handful of deposit methods to fund your account, including e-wallet options, such as Neteller, Skrill 1-Tap, and Skrill, along with Visa and Mastercard, as well as Broker Transfer. However, the Broker Transfer option will require you to fill in a PDF document before you can use it as a deposit method. Once you have chosen your preferred deposit method, simply provide the necessary details for your account and enter the amount you wish to deposit. The minimum deposit with VISA and Mastercard is $100, and the site will need you to provide copies of the back and front of your card to verify your deposit. Making a deposit with an e-wallet is far simpler as there are no documents required and you can fund your account much quicker. All deposit methods will instantly credit your account with your depositing funds.

    Product Offering

    ★ ★ ★ ★ ★

    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 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.

    The FXPrimus Standard Account requires a minimum deposit of $1,000 and comes with daily market outlook, one to one consultation, double dynamo cashback bonus, and SMS alerts. The FXPrimus Premium ECN Account requires a minimum deposit of $2,500 and offers SMS alerts, one to one consultation, live market update phone calls, double dynamo cashback bonus, daily market outlook, and an hour of trading tools training. The FXPrimus VIP Account requires a minimum deposit of $1,000 and offers VIP trading signals, SMS alerts, Personal access to market specialists, one to one consultation, double dynamo cashback bonus, daily market outlook, an hour of trading tools training, and 30 minutes of consultation with specialists in the market.

    FXPrimus also boasts with exceptional promotions and bonuses, including a $2 Cashback bonus, a Double Dynamo bonus of 100% match on your initial deposit, along with lower spreads within the oil rally. There’s also a 30% trading bonus and a change broker bonus to look forward to when you register on the site.

    Trade Execution

    ★ ★ ★ ★

    FXPrimus will allow you to execute a minimum trade to the value of 0.01 Lot. However, this can vary greatly depending on the account you wish to trade with. The maximum trade you can execute on the site is 80 Lot. The company offers both STP and ECN execution which means you can expect more transparency with extremely tight spreads over the price you will be paying to execute your own trades.

    Banking

    ★ ★ ★ ★ ★

    FXPrimus strives to be one of the safest financial trading companies in the market, and the same applies when it comes to their banking section. 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.

    Customer Support

    ★ ★ ★ ★

    The FXPrimus support centre can be reached through several contact channels, including email support, telephone support, and live chat support. The site also comes equipped with an innovative FAQ section where you will find just about every question and answer you can think of. The live chat facility is available around the clock, and the support representatives are friendly, professional, and extremely well-educated.

    Trading Tools

    ★ ★ ★ ★ ★

    FXPrimus uses the MetaTrader 4 platform which is considered the flagship platform within the financial trading industry. It’s also regarded as the most powerful due to all the features that come embedded in the software. Apart from CFD transactions, the MT4 trading platform also support currency trading. The user interface is simplistic for beginners, while still catering to trading experts with an in-depth analysis into the markets. Some of the key features within the MT4 trading platform include comprehensive charting, automated trading, one-click trading, and multiple languages.