Website

Visit Broker

Platforms

Web, MetaTrader 4

Founded

2009

Demo Account

YesOpen Demo Account

Regulated by

CySEC, FSCA, VFSC

Leverage

up to 1:1000

Min Deposit

1000

Customer Support

Yes

Rating

Contact

+35725262084

Country

Cyprus ,South Africa ,Vanuatu
FXPrimus is an online forex broker which was formed in 2009. They offer forex trading services as well as social trading services. They have their head office in Cyprus and they are used by over 10,000 traders. Finding a broker that meets your needs is not a simple task, many are not worth their words. FXPrimus is not one of such underperforming brokers. Over the course of 11 years, FXPrimus have won several international awards. Some of them include –
  • Global forex awards best Asian forex support 2019
  • Traders fair best trading service South Africa 2019
  • FXdaily info best forex broker in Europe 2019
  • Global brands best forex broker Asia 2019
  • Global brands most trusted broker Asia 2019
  • In this review we will be looking at what FXPrimus offers, the countries they operate in, and the pros and cons of trading with them.

  • Regulated by CySEC (Cyprus Securities and Exchange Commission)
  • Headquarters in Cyprus
  • Founded in 2009
  • Minimum deposit $100
  • Used by over 10,000 traders
  • For a broker to be termed “safe”, it means they are being regulated and they follow international trade guidelines. With that being said, FXPrimus are safe, since they are regulated by CySEC. Regulated brokers are under strict obligations and operate under strict rules. If any of these rule are violated, they would be stripped of their regulated status, an even their operating license. All trader funds are banked in a segregated account, and FXPrimus will not use it for their own trading purposes. For extra security, FXPrimus uses tier-1 banks to save customer funds.

    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 –

  • Demo account
  • Micro account
  • Mini account
  • tandard account
  • ECN account/li>
  • STP account
  • Managed account
  • Islamic account
  • For beginners, starting off with the demo account is a wise choice. With this account, you can learn the tricks of the trade.

    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 –

  • Payoneer
  • Neteller
  • UnionPay
  • 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 –

  • Means of identification – National ID, driver’s license, international passport
  • Document to verify your home address – Utility bill for the past 6 month with your full name and your home address
  • You will receive your log in details via email. From there you can make a deposit into your account, download the trading platform, and start trading! Its very easy and straightforward!

    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

    Cons

  • They are not FCA regulated
  • I trust this review has been helpful.

    Good luck!