Leverage: 1:30 | 1:200
Regulation: CySEC, FSCA, VFSC
Min. Deposit: 100 US$
HQ: Vanuatu
Platforms: MT4
Found in: 2009
To select an appropriate brokerage firm while reviewing thousands of offerings might be a tricky task sometimes. For this reason, we assist in choices by reviewing brokers, providing detailed information and support in selection among offering, and here is freshly updated FXPrimus Review among others.
FXPRIMUS is regulated by various jurisdictions online trading provider, which strives to deliver a safe environment with the best execution speeds combined with innovations and numerous rewards to their traders. The broker established its offices in Vanuatu, along with a Forex Broker in Cyprus, South Africa and other countries to cover the global needs of their clients.
FXPRIMUS is actually operating as of the FXPrimus Group through three main brands, while clients may benefit from deep liquidity, provided by international top-tier banking institutions with the ability to trade forex, commodities, energies, indices, and cryptocurrencies. One of the great offerings from FXPrimus is one of the safest and rewarding online trading environments with costs starting as low as from 0 pips. Overall, FXPrimus numerous achievements along with the advanced trading conditions were recognized by world traders over 100,000s and global publications.
Along with comprehensive offering, the broker’s efforts went on engaging in targeted strategies through the advanced educational resources suitable for traders of different levels and the provision of quality online trading. The company specialists delivering the news directly to the traders and helping with informed decisions by daily market outlooks, trading signals, videos, training sessions and tailor-made market reports.
Nevertheless, to understand offering in a detail you should always check the most important information of the broker’s proposal. In this purpose this review covers the following highlights:
FXPRIMUS is a brand name used by Primus Global Ltd previously known as FX Primus Europe (CY) Ltd, and is a part of FXPrimus group a global trading company with various representative offices. Due to its headquarters, the broker regulated by the VFSC (Vanuatu), which is an offshore license that in fact does not demand strict and necessary safety measures. However, its additional entity in Cyprus is authorized to provide services to European clients as per the CySEC regulation and also regulated by other jurisdiction with the license from FSCA (South Africa). Therefore, due to multiple follow of guidelines FXPrimus is considered to be a safe trading environment.
| FXPrimus entity | Regulation and License |
| Primus Global Ltd | Regulated by CySEC (Cyprus) registration no. 261/14 |
| Primus Markets INTL Limited | Authorized by VFSC (Vanuatu) registration no. 14595 |
| Primus Africa (Pty) Ltd | Authorized by FSCA (South Africa) registration no. 46675 |
The investors’ protection along with compliance to the set rules performed in numerous ways obliges broker strictly to keep money in segregated bank accounts and make sure they are always protected. Moreover, all clients trading under Negative Balance Protection so that you will never incur any losses that exceed account balance. As an added safety measure, FXPRIMUS has also introduced a client fund insurance of €2.5million, which is offered for free to all clients.
In order to trade available at FXPrimus 120+ instruments you are able to access all from one the most popular platform in the industry, as the company decided to mainstay at the MetaTrader4 available for Windows, Mac, Android and iOS mobile devices, also through MT4 WebTrader.
MT4 On Windows & Mac for Desktop, Tablet, Mobile & Webtrader together with VPS Connect to your Trading Platform quickly and efficiently performing orders, in addition, PAMM Broker Facilitating relationships between World Class fund managers and Followers PLATINUM API With Fix Protocol.
The MT4 is very popular and indeed known for its powerful chart feature and range of tools, as these capabilities may enhance trading process dramatically.
Multiple account options offered by FXPrimus allowing you to access trading and markets with variable spreads and access to trade all range of instruments, unlimited use of educational and research materials with competitive spreads and no commission fee. The accounts also divided by the balance size, while the spreads will become lower, the Standard Account – 1000$, Premium – 2,500$ and VIP Account – 10,000$.
While all trading styles are welcomed at FXPrimus, it also offers quite competitive trading costs and spreads of 0.1 pips with no commission or with an option to trade through ECN connection with raw spreads and commission of 10$ per lot.
As an example, you may refer to the table below and see typical FXPrimus ECN spread, as well you may compare fees to another popular broker TempleFX.
Also, always consider rollover or overnight fee as a cost, charged on the positions held longer than a day and determined by the direction you trade selling or buying and is differential between bids.
Moreover, there is a possibility to request Swap-free account that traders of Islamic faith to enter the trading process with no swap charges or spread widening.
Leverage is the tool by which you may trade a large amount of money, due to its capability to magnify your initial balance. Leverage may magnify your exposure to markets, yet the probability of profits or losses increases in parallel, which makes it essential to learn how to use leverage smartly.
FXPrimus leverage levels determined by the regulatory restrictions each authority impose, as well as by your personal residence in the country or another. Therefore, trading with European FXPrimus the maximum leverage level is set to 1:30 for Forex instruments, while South Africa regulation allows 1:200 for the same instruments. Lastly, a global entity of FXPrimus enables you to trade with high leverage up to 1:300.
FXPRIMUS offers a range of convenient funding solutions to its clients across the globe, allowing them to fund their account with trust, safety and confidence. The deposit may be performed including bank transfers, credit card payments along with the possibility to issue FXPRIMUS MasterCard that allows an easy transaction with a minimum deposit of 100$. As well the e-wallets are available too, alike Neteller, Skrill, giropay, bitpay, unionpay, webmoney and many more.
The minimum deposit that will allow you to open a live trading account is set to a 1000$ in order to open a Standard Account. However, the minimum transfer amount is only 100$, so you may choose the appropriate method and number of funds you wish to transfer.
As for the fees and charges, FXPrimus covers all deposit charges, yet check carefully with your payment provider in case any fees will be waived. The withdrawals also provided free of charge, which is a great benefit and advance allowing you to transfer funds easily to or from the account.
FXPRIMUS review shows a brokerage company, which delivers a range of instruments to trade, along with the choice of technological ECN solution connectivity and raw spreads. The traders of different size, strategy and expertise will be supported with education or various programs, initially small deposits to start or even to find a suitable trading account. Overall, the company tries hard to deliver a very competitive offering to the global clients, along with the computable, safe and regulated services to every customer which is very important.
Nevertheless, we would be good to know your personal opinion about FXPrimus, you may share your experience in the comment area below, or ask us for some additional information.
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Hi there,
I would like to know if its possible to open a small trading account?