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.
FXPRIMUS also offers CFD trading on certain cryptocurrencies, including Bitcoin and Ethereum.
FXPRIMUS is a multilingual brokerage with support for over 20 different languages. They are also renowned for their focus on safety and security with segregated accounts held at Swiss banks.
Overall FXPRIMUS is a safe and secure broker which offers an excellent range of products with tight spreads and low commissions.
Regulation and Fund Safety
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.
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.
Methods of Fund Transfer
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.
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.
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.
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.
The platform is available in desktop, web versions and mobile apps for both Android and IOS. MT5 was designed to replace MT4 in the future and it offers more analytical tools than the previous version. The cTrader platform is known for its advanced charting functionality and one click trading feature.
FXPRIMUS offers a wide range of trading instruments, consisting of currency pairs, indices, commodities and shares. The broker’s major selling point is their quality of execution.
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: PrimusCent, PrimusClassic, PrimusPro, and PrimusZero. Each of these accounts has its own advantages.
FXPRIMUS offers a choice of several types of bonuses, including cashback bonus, 30% 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 forex bonuses.
The broker offers some of the best trading tools including:
- Trading Central: This is a well-known third-party research firm that provides FXPRIMUS with high-quality market analysis. You will have access to user-friendly charts, technical reports and indicators.
- VPS hosting: This allows traders to run their trading platforms 24/5 without any disruptions.
- AutoChartist: This tool allows traders to find and trade chart patterns automatically.
- FXPRIMUS also offers the popular MT4 platform for all its account types. The MT4 platform comes with a wide range of custom indicators, expert advisors, advanced charting package and more.
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.
Extra Trading Services
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.
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 and education provider (2016).
To verify your account, you will be required to submit the following documents:
- 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) that should not be older than 3 months.
Note: The name on the utility bill must match exactly with the name on your FXPRIMUS trading account. Your address must be clearly visible.
The FXPRIMUS customer support system is quite satisfactory. Their support team is available 24/7 and you can contact them via live chat, telephone and email. The staff is friendly and very knowledgeable in the field of forex trading and they can answer your questions in a timely manner. In case you need help with technical issues, such as the installation of MT4 platform or how to use it, the support team will be ready to help you.
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.
Ready to start trading? Register for an online trading account with FXPRIMUS here.