FXPrimus is regulated by CySEC (Cyprus Securities and Exchange Commission) and MiFID (Markets in Financial Instruments Directive) These regulatory bodies monitor the behavior of brokers and take appropriate actions if there is any foul play.
FXPrimus do not charge deposit fees, it is completely free. They also do not charge inactivity fees.
With FXPrimus, you can trade a wide variety of instruments. More than 100. If you are interested in trading currency pairs, FXPrimus offers over 45 currency pairs to trade.
FXPrimus uses the MT4 forex trading platform. It is one of the most popular trading platforms in the world. FXPrimus has an app that can be used on both IOS and Android phones, it can also be used on web. The mobile app allows you monitor and carry out your trades even when you’re on the go!
They have a decent amount of trading accounts. These include –
FXPrimus offers several means through which you can fund your account and withdraw from it.
These include –
Credit/Debit cards – With your credit or debit card, you can transfer funds to your FXPrimus account in an instant. No deposit fees will be charged.
Bank transfer – Bank transfer is another way to credit your FXPrimus account. Transfers like these usually take one business day to be completed. The bank may also charge you a small fee for the service. Other channels which you could use to fund and withdraw money from your FXPrimus account are –
All you have to do is visit their website and fill out the account opening form. You will also have to submit some valid documents for your account to be created. These documents are –
FXPrimus has a stop-loss order put in place, to buy or sell stock once it gets to a certain price. It is designed to reduce trader’s losses in the market.
It is important for traders to protect themselves from massive losses, so trading with a broker like FXPrimus who operate with a stop-loss order has its advantages.
Having a good understanding of FXPrimus trading tools and the market as a whole is important, which is why FXPrimus offers its users some very helpful learning tools. You can use their demo account to read, practice and learn how the market works. With the available learning tools, you will understand how to make active trades and manage trading risks.
FXPrimus offers its customers different means through which they can reach out. They also cater to customers with diverse languages, including English, Indonesian, Spanish, Thai, Chinese, Malaysian and Hungarian.
They boast of a tripple AAA grade support rating, thanks to how diverse they are in languages, live chat, email, and phone support
They respond to emails very fast, usually within a 2 minute time frame and a 3 hour time frame, being their slowest response
– Their phone support caters to customers who speak diverse languages. It takes less than a minute to be connected to a customer support officer
No service is 100% perfect so we’d like to point out the pros and cons of trading with FXPrimus.
Pros Minimum deposit of $100 They have a multilingual customer support Fast response They are regulated They have effective learning tools They have stop-loss order in place Easy account opening Easy account funding and withdrawals They have a strong international presence They have an excellent track record in forex and social trading
I trust this review has been helpful.