Contents
- 1 FXPrimus Basics
- 2 Our Opinion About FXPRIMUS
- 3 Key Benefits
- 4 Why Choose FXPrimus?
- 5 Regulation
- 6 Forex Licences
- 7 Regulation In Kenya
- 8 Fund Safety
- 9 Industry Awards
- 10 FXPRIMUS: Legit Or Scam?
- 11 Trading Assets
- 12 Trading Instruments
- 13 FXPrimus Account Types
- 14 Live Accounts
- 15 Minimum Deposit
- 16 Spreads
- 17 Cent Accounts
- 18 Demo Accounts
- 19 Forex Bonuses
- 20 FXPRIMUS Registration – How To Open A Trading Account
- 21 FXPRIMUS Registration – How To Verify A Trading Account
- 22 Payment Methods
- 23 FXPRIMUS Deposits
- 24 FXPRIMUS Withdrawals
- 25 Mpesa
- 26 Trading Platforms
- 27 Trading Tools
- 28 FXPRIMUS VPS Review
- 29 Education
- 30 FXPRIMUS Customer Service
- 31 Conclusion
- 32 Similar Brokers
FXPrimus Basics
| 🏛️ Based in | Limassol, Cyprus |
|---|---|
| ⚖️ Regulation | CySEC, FCA, DFSA, FSCA |
| 💰 Minimum Deposit | $5 |
| 💳 Deposit Options | Debit Card, Credit Card, Bank Wire, Neteller, Skrill, Trustpay. |
| 💳 Withdrawal Options | Debit Card, Credit Card, Bank Wire, Neteller, Skrill, Trustpay. |
| 📌Open an account | Start Trading with FXPrimus |
Our Opinion About FXPRIMUS
FXPRIMUS is an international trading broker which was founded in 2009. The broker has its headquarters in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC). The broker offers a wide range of financial instruments, including forex currency pairs, commodities, indices, and stocks.
Key Benefits
Why Choose FXPrimus?
FXPRIMUS is a leading online forex broker that offers traders access to the global financial markets. With its award-winning platforms, competitive spreads, and low commissions, it’s no wonder why so many traders in Kenya choose FXPRIMUS as their preferred broker. Here are some of the advantages you can expect when trading with this broker:
- Low Spreads & Commissions: One of the main benefits of using an online forex broker like FXPRIMUS is that they offer very competitive spreads and commissions on all currency pairs traded through their platform. This means more money in your pocket!
- Award-Winning Trading Platform: The MetaTrader 4 (MT4) platform offered by FXPRIMUS has been awarded numerous times for its user-friendly interface, advanced charting capabilities and automated trading features. It is easily one of the best online trading platforms available!
- Security & Reliability: When choosing a forex broker you want to be sure your funds are secure at all times. This is where having an established name like FXPRIMUS comes into play as they have years worth experience, and are regulated by multiple financial authorities, such as CySEC.
- Customer Support: Last but not least, customer support plays a major role when selecting any type service provider. Luckily FXPRIMUS provides 24/5 multilingual customer support via live chat, email or phone. This means any questions you have will be quickly answered.
Regulation
FXPRIMUS has regulation with CySEC in Cyprus, which allows it to operate in the European Union. It also is regulated by the FSC in Mauritius and the VFSC in Vanuatu. These are all highly respected organizations that offer protection for clients.
Forex Licences
- Primus Global Ltd – This company has a licence from the Cyprus Securities and Exchange Commission (CySEC). It is one of the industry’s strictest and most reliable regulators. FXPRIMUS holds licence no. 261/14 and registration number HE 337614.
- Primus Markets INTL Limited – This company has a registration with the Vanuatu Financial Services Commission (VFSC). This regulator oversees the company’s activities and requests yearly reports from FXPRIMUS. Their registration no. is 14595.
Regulation In Kenya
Traders from Kenya can open a trading account with FXPRIMUS through their Primus Markets INTL Limited company. All FXPRIMUS companies guarantee a high level of client fund protection.
Fund Safety
Funds are segregated from the company’s operating capital in top-tier banks, which ensures that clients’ money is safe even if the company were to run into financial difficulty.
Industry Awards
FXPRIMUS is a well-established online broker, founded in 2009. It has won several industry awards for its forex trading services, including best forex broker in Asia (2019), and best training provider (2016).
FXPRIMUS: Legit Or Scam?
FXPRIMUS is a legit brokers. They are an established and reliable company that offers traders access to the global financial markets. The company has been in business since 2009, providing clients with competitive spreads, low commissions and fast execution speeds. They also provide a range of trading tools such as automated trading systems, charting packages and market analysis software.
Trading Assets
FXPRIMUS offers a wide range of financial markets. Some of the forex broker’s major selling points is the variety of instruments, the quality of their trade execution, and the high fill rates.
Trading Instruments
FXPrimus is a reliable and trusted broker that offers traders access to a wide range of instruments. These include major, minor and exotic currency pairs as well as CFDs on indices, commodities, stocks and cryptocurrencies. All these instruments can be traded with competitive spreads.
- Forex: They have 40+ currency pairs including major, minor, and exotic pairs. You can trade popular instruments including EUR/USD, GBP/USD, USD/CHF, and USD/JPY.
- Shares: They provide access to 100+ CFDs on shares. You can trade many popular instruments across sectors such as technology, finance, transport, and energy.
- Indices: There are 15 CFD indices available for trading. You trade many popular indices across the UK, American, European, and Asian markets.
- Energies: They have 4 CFDs on energies. You can choose from all of the most common instruments including US Brent and Crude oil.
- Metals: They offer access to CFD trading on 5 metals. They have USD and EUR crosses for silver and gold. They offer trading on copper.
FXPrimus Account Types
Unlike most brokers, FXPrimus offers a multilevel account structure. This means that you will get different benefits depending on the account type you choose. They offer four account options: Cent, Classic, Pro, and Zero. Each of these accounts has its own advantages.
| Type | Spreads | Min. Deposit | Max. Leverage | Commission |
|---|---|---|---|---|
| Cent | From 1.5 pips | $15 | 1:1000 | $0 |
| Classic | From 1.5 pips | $15 | 1:500 | $0 |
| Pro | From 0.3 pips | $500 | 1:1000 | $8 – $10 per lot |
| Zero | From 0.0 pips | $1,000 | 1:1000 | $5 per lot |
Live Accounts
FXPrimus offers a variety of account types to suit the needs and goals of different traders. Whether you’re just starting out or an experienced trader, there is an account type that will fit your trading style.
The most popular accounts are the Cent Account, which requires a minimum deposit of $15, and allows for leverage up to 1:1000; the Classic Account which also has a minimum deposit requirement of $15 and zero commission trading; and finally, their Pro Account, which has a minimum deposit requirement of $500, but much lower spreads than the other accounts. All three offer access to many currency pairs as well as CFDs on indices, commodities, and stocks.
Minimum Deposit
The FXPRIMUS minimum deposit is $15 for the Cent account and the Classic account.
Spreads
Our FXPRIMUS spread review showed that their pricing is very competitive. FXPRIMUS offers tight spreads on all their accounts. The minimum spread is 1.5 pips for the Cent account, 1.7 pips for the Classic account, 0.30 pips for the Pro account, and 0.0 pips for the Zero account.
Cent Accounts
FXPRIMUS offers cent accounts. They are a nice choice for new traders who want to start with small amounts. It has an average spread of 1.5 pips. There are no commission fees. It also has very high leverage for a beginner account, and you can trade with up to 1:1000. The FXPRIMUS minimum deposit for this account is very low and the base currency is USD.
Demo Accounts
They also offer a free demo account. The FXPRIMUS demo accounts are funded with virtual currency so that you can try out different trading strategies, in a completely risk-free environment. You will also be able to access all of the same tools as those who use a live trading account, such as charting tools and technical indicators, so that you can learn how to use their platforms safely.
Forex Bonuses
They offers a choice of several bonus types, including cashback bonus, 30% FXPRIMUS deposit bonus or a 100% deposit bonus. If you wish to receive a bonus, you have to claim it during the registration process. Terms and conditions apply to both FXPRIMUS bonuses.
FXPRIMUS Registration – How To Open A Trading Account
To set up your account, you will need to provide some basic contact information. This is so that they can create your logins and give you access to their platforms. They will ask you to:
- Fill in an online registration form so they can collect some personal detail.
- Choose your login details so that they can create your account.
- Take an online trading quiz so that they can check your trading knowledge.
FXPRIMUS Registration – How To Verify A Trading Account
To verify your account, you will need to submit copies of certain documents. This is so that they can confirm your identity and carry out the regulatory checks. They will ask for:
- Proof of Identity – A copy of a valid ID (Passport, National ID and/or Driver’s license).
- Proof of Residence – A copy of a recent utility bill (water, electricity or landline phone).
Payment Methods
FXPRIMUS Deposits
FXPrimus offers a variety of methods for traders to deposit their funds. This includes credit cards, Bank Wire Transfer, Webmoney, Skrill , UnionPay, Neteller, Fasapay and Bitcoin . The minimum amount you can deposit is 15 USD/EUR/GBP/CHF and there are no fees for deposits. However, your bank may charge you with some fees on your side.
FXPRIMUS Withdrawals
There are also several methods for withdrawing money from your account and there are no fees charged by FXPrimus for this either. The minimum withdrawal amount is 100 USD/EUR/GBP/CHF. You can withdraw via credit cards, Neteller, Skrill , Webmoney , Bitcoin , Unionpay or Bank Wire Transfer.
Mpesa
FXPRIMUS Mpesa also offers a new fast method to funds transfer. MPesa is available in FXPRIMUS as a new deposit and withdrawal method. For that reason, you can now quickly transfer funds to your trading account using the most widespread mobile payment system used in Kenya.
Trading Platforms
FXPRIMUS has three trading platforms: MT4, MT5 and cTrader. The MT4 is one of the most popular platforms in the world with a wide range of functionalities and tools.
- MetaTrader4 – MetaTrader4 (MT4) is a top choice among new forex traders. It is very user-friendly and comes with plenty of helpful features.. You can use it to trade forex, stocks, indices, and many other financial instruments. The FXPRIMUS MT4 trading platform also has 4 order execution types, 30 technical indicators, and 23 analytical objects.
- MetaTrader5 – MetaTrader5 (MT5) is a popular choices among experienced forex traders. It is slightly more advanced and has more trading tools. You can use it to access the forex, stock, and crypto markets. The FXPRIMUS MT5 trading platform also has lots of features including 6 order execution types, 38 indicators, and 37 analytical objects.
- cTrader – cTrader is a newer platform but equally popular. It has a simple interface that is easy to navigate. As with MT4 and MT5, you can trade any of the available forex and CFD trading instruments. The FXPRIMUS cTrader platform has 6 order types, 55 technical indicators, an economic calendar, and market sentiment tools.
Trading Tools
The broker offers some of the best trading tools in the forex industry including:
- Economic Calendars: This will help you stay on top of market news.
- Trading Calculators: These will help you plan and manage your trades.
- Premium Tools: These will help you build more effective trading strategies.
- Trading Central: This is a well-known research firm that offers high-quality market analysis.
- AutoChartist: This tool allows traders to find and trade chart patterns automatically.
FXPRIMUS VPS Review
FXPRIMUS offers a convenient and reliable VPS service at a reasonable price. A virtual private server is a dedicated server you can access remotely through the internet. It is often used by traders to run automated strategies, because it provides fast execution speed, reliability and security. It costs $30 per month. This may seem expensive to new traders, but compared to other brokers’ rates, it is reasonable.
Education
Forex trading is an art that requires a lot of learning and practice. The FXPRIMUS Education Centre is one of the best around, and provides a wealth of learning material that will help you become a better trader. There are eBooks available on various topics like Technical Analysis, Fundamental Analysis, Trading Psychology, etc., along with video courses which cover these topics in depth. You can even choose to learn via live webinars which are presented by experienced traders who explain the concepts in an easy-to-understand way.
FXPRIMUS Customer Service
FXPRIMUS provides its traders with a reliable customer support service. The broker offers 24/5 customer support in multiple languages, including English, Spanish and Chinese. They provide live chat assistance so that customers talk to experienced professionals whenever they need to. They also offer telephone support, for those who prefer speaking directly with someone over the phone, rather than using online methods like email or live chat services.
The broker also has an extensive FAQ section on their website which covers many of the common questions asked by traders about trading with FXPRIMUS.
Conclusion
Overall, we are really pleased to have been able to conduct this FXPRIMUS Forex broker review. The company is making a real effort to deliver a good service, and as well as great products, they also offer a lot of personal attention should you need it. Their website is easy to navigate on both desktop and mobile environments. The digital trading terminal is intuitive and responsive. They have a great selection of Forex, CFDs, and stocks along with efficient customer support service.
FXPRIMUS is an online forex broker. The company was first launched in 2009. They are a regulated company with two licences and registrations. They operates in many countries, with its Headquarters based in Cyprus. They are a reputable company that offers a reliable online trading service to traders worldwide.
FXPRIMUS is a market maker. A market maker is a financial intermediary that stands ready to buy or sell assets by continuously quoting bid and ask prices that are accessible to other traders or registered participants of a trading platform.
Yes, FXPRIMUS in Kenya is a legit forex broker. As part of our FXPRIMUS forex broker review, we checked their background. They are a leading online forex broker that has been providing traders with access to the global financial markets for many years. The company offers competitive spreads, fast execution speeds and reliable customer service. With its wide range of trading platforms and instruments, it provides an ideal environment for all forex traders.
Yes, FXPRIMUS is a licensed forex broker. As part of our FXPRIMUS forex broker review, we checked their licences. FXPRIMUS is a trade name used by two different companies. The first company, Primus Global Ltd, has a licence from the Cyprus Securities and Exchange Commission (CySEC). The second company, Primus Markets INTL Limited, has a registration with the Vanuatu Financial Services Commission (FSC).
Yes, FXPRIMUS in Kenya is a trustworthy broker. They take client fund protection very seriously and offer robust client fund security measures. They keep all client funds in segregated accounts, separate from their operating capital. This means that they can never use client funds for their own business purposes. They also offer negative balance protection. In our opinion, they are a safe company to trade with.
Yes, they have good live accounts. There are four main FXPRIMUS live trading accounts for you to choose from. These are the Primus Cent, Primus Classic, Primus Pro, and Primus Zero. They also have a demo account and an Islamic swap-free account. Their accounts come with excellent trading conditions including high leverage, fast trade execution, and low trading cost.
Yes, they have an FXPrimus Cent account. The account comes with very good trading conditions. For example, it has an average spread of 1.5 pips and there are no commission fees. It also has with good leverage, with a maximum of up to 1:1000. The FXPRIMUS minimum deposit for this account is only $15, which makes it a great choice for new traders.
The FXPRIMUS minimum deposit varies depending on which trading account you choose. For example, it is $15 for the Primus Cent account, and also for the Primus Classic account. Whereas, it $500 for the Primus Pro account, and $1000 for the Primus Zero account. As such, they two trading accounts with low entry requirements and two with slightly higher trading requirements.
They do offer a small selection of forex bonuses. However, they are only available in certain countries. At the moment, they are offering two main FXPRIMUS welcome bonuses. These are the FXPRIMUS 30% deposit bonus and the FXPRIMUS 100% deposit bonus. These bonuses allow you to boost your initial forex trading capital. However, it is worth noting that terms and conditions apply for both bonuses.
Yes, they do offer leverage. The maximum leverage available for forex traders in Kenya is 1:1000. However, their leverage works based on a dynamic model. This means that the leverage available will vary depending on the instrument you choose and the size of your trade. In general, the bigger the trade size, the less leverage you have available.
Yes, FXPRIMUS spreads are very good. They have tight spreads across all of their trading accounts. However, the exact spreads do vary depending on which trading account you choose. For example, the minimum spread is 1.5 for the Primus Cent account, 1.7 for the Primus Classic account, 0.30 for the Primus Pro account, and 0.0 for the Zero account.
At FXPrimus, you can choose from four main trading accounts. You can trade 50+ currency pairs as well as CFDs on indices, commodities, metals, and cryptocurrencies. They offer fair pricing, with the choice of either low commissions or low spread accounts, depending on which pricing structure you prefer. They also offer high leverage and fast trade execution.
FXPRIMUS accepts many deposit methods including debit cards, credit cards, bank wire transfers, Neteller, Skrill, and Trustpay. This means that you have plenty of funding methods to choose from. It’s worth noting that FXPRIMUS does not accept PayPal.
Yes, FXPRIMUS is good broker for beginners. They have several affordable account options, all of which come with low trading costs, and low minimum deposits. They also have a large selection of trading tools and educational resources. As such, you can get easy access to the financial markets. You can also get access to good learning resources and helpful trading support.
FXPRIMUS is one of the top brokers in the forex industry. They have a nice range of trading accounts, as well as low minimum deposits and low trading costs. They also have a nice choice of trading instruments, trading platforms, and trading technology. However, if you want to also consider alternative options, there are many other great forex brokers as well. We suggest looking at HotForex, FXTM, FXPesa, and FXPro.
Ready to start trading? Register for an online trading account with FXPRIMUS here.
