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FXPRIMUS Review 2022 Pros and Cons Disclosed

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. Sometimes, you may hear these types of convictions from disappointed retailers. But if you inspect these claims, most of the time you’ll see the lack of personal expertise of the traders is the main reason for failing.

fxprimus broker review

Trading instruments in FXPRIMUS cover most of the highly traded assets in the financial market, starting from forex major pairs, equities, indices, energies, precious metals, and cryptocurrencies. FXPrimus offers the MetaTrader 4 and MT Mobile online forex trading top platforms. FXPrimus.com offers over 30 currency pairs, metals, cfds, indices, fxprimus review and equities for your personal investment and trading options. I like the trading environment at FXPrimus for high-frequency traders in the Primus Zero account, which offers highly competitive trading conditions. The asset selection is small but suits traders who require few but liquid assets, while FXPrimus provides MT4, MT5, and cTrader.

FXPrimus Broker Review

Like most brokers, FXPRIMUS takes a fee from the spread, which is the difference between the buy and sell price of an instrument. Needs to review the security of your connection before proceeding. FXPrimus claims that they are a straight through processing broker not a market maker, nor a dealing desk.

The broker also runs promotions were the tight spreads are even further lowered, e.g. 0.05 pips for certain assets. There is also a special 30% trading bonus which can enhance your trading account. If you decide to place trades on gold, you will be happy to know that the pips start from 0.04 pips for gold. FXPrimus has established a decent reputation in the past years, and even younger traders prefer this broker over newly established brokers who are supposedly hip and modern. FXPrimus has been in business since 1999 and maintains many offices like in New York, Amsterdam, Singapore, and Hong Kong. The broker also offers STP services to its customers, a service which lets traders place trades on the basis of differently quoted assets.

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. With such an array of options, FXPrimus got a Platform score of 10/10. A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. You can decide for yourself if FXPRIMUS is a good broker for you or not by reviewing the criteria.

Trading Forex, CFD, Binary Options, and other financial instruments carries a high risk of loss and is not suitable for all investors. The information and videos are not an investment recommendation and serve to clarify the market mechanisms. Starting trading is always a confusing and complicated part of the trading journey of new traders.

Traders may use a desktop client, a lightweight, web-based alternative, and a mobile app. FXPrimus maintains the necessary infrastructure enabling all strategies, especially if traders have proprietary tools. Multiple account options offered by FXPrimus allowing you to access trading and markets with variable spreads and access to trade all range of its offered instruments. Besides you will trade with competitive spreads and no commission fee basis along with access to unlimited use of educational and research materials, which we will see in detail further in our FxPrimus review. As for the main trading conditions, FXPRIMUS offers spread from 0.1 pips with a minimum trading size of 0.01 lot.

They are a testament to the ongoing effort by FXPrimus to maintain a competitive edge for its clients. All trading works through STP and manual market manipulation is highly restricted in FX Primus. There are numerous number of national investor fund protection to protect your money perfectly. Client’s fund from all around the world is gathered inside an offshore account of Barclays Bank. FXPRIMUS has offered the opportunity to ask their queries on WhatsApp as well.

Where is FXPrimus from?

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. Or if you select an option to trade through ECN connection with raw spreads you’ll be charged a commission of 10$ per lot. 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.

  • Responses and help are pretty fast, but honestly not that amazing.
  • This premier provider of online trading services is owned and operated by Primus Markets INTL Limited, and part of the FXPRIMUS group.
  • This material includes trading videos, text based docs & market data.
  • FxPrimus broker accepts clients from all over the world with the exception of the USA, Australia, Belgium, France, Iran, Japan, North Korea and some jurisdictions from the OFAC list.

They are also very well regulated and can cater to traders and investors across the globe including the USA. Theminimum deposit amountrequired to register anFXPrimus live trading account ranges from $15 USD up to $10000 USD depending on the live account option chosen. Theminimum deposit amount required will depend on the account type selected.

Thanks for taking the time to leave us a review, we are really glad to see that you are happy with our services. As well, Marie Calire Dael and Mary Jane Dael have marketing skills and true experience in trading which should be grateful by traders and listen by LIVE audiences. You can send an email to and include “TP Review” and your FXPRIMUS ID in the subject line.

FXPrimus complies with KYC/AML requirements and requires all users to pass verification. New users must submit a copy of their government-issued ID, preferably a passport, and one proof of residency document. FXPrimus has received nine industry awards from well-respected sources.

Top 3 Forex Brokers 2020

The VPS is free if you have a trading account with a balance of at least $500 and trade 5 or more standard lots 30 days from activation. There are other brokers who provide a free VPS including Key to Markets. It cannot be easy for brokers who have been in business for decades to see how the new companies rise and steal their clients and traders. Still, the experienced broker has something new brokers cannot take away from them, and that is the needed experience. On the other hand, brokers who know how to run their business, they do not mind the dramatic influx of newcomer Forex brokers. This review reflects back on the beginnings of one broker who has been offering Forex services for a very long time now.

fxprimus broker review

Index trading is for those with a keen eye for changes in a certain sector or a group of stocks. FXPRIMUS offer a selection of energy instruments for trading with competitively low spreads, including oil and gas. FXPRIMUS have a decent range of trading calculators that can help risk management when preparing for a trade. The trading calculators include a pip calculator, Fibonacci calculator, currency calculator and pivot calculator. I think these will be useful if you need to perform quick calculations when preparing your trades.

Trade with a Regulated Broker

We use dedicated people and clever technology to safeguard our platform. 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. Just to clarify, while you can have multiple accounts under one FXPRIMUS ID, MT4 is built by a third-party software company and requires that multiple MT4 accounts require different IDs. I would also like to extend my gratitude to team (Finance, Funding & Promotions) for their professional & excellent service.

Trading Instruments

It creates unrealistic trading expectations, and the absence of trading psychology negates the educational value. I like the Primus Zero account, as it offers high leverage and a very competitive commission-based pricing environment with raw spreads of 0.0 pips for a commission of $5.00. The minimum deposit requirement is $1,000, but I think it is well worth it for high-frequency traders. The demo account is no more a blessing for the 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.

In UK, FXPrimus is regulated by the most famous FCA & in Cyprus by CySEC. Besides, it also has regulation from some authorities of USA and also from Germany, Norway, France and other Europe countries. We also use different external services like Google https://forexbroker-listing.com/ Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site.

Besides, you may access the Micro Account trading option through the possibility to trade Micro lots. 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. FXPrimus offers the core MT4, MT5, and cTrader trading platforms but does not provide any MT4/MT5 plugins necessary to upgrade the out-of-the-box versions to cutting-edge trading platforms. All three fully support algorithmic trading and have embedded copy trading services.

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