Regulation: FSC Mauritius  Accepts US Clients: No Min. Deposit: $100 Leverage: 500:1 Platforms: MetaTrader4, FXPRIMUS WebTrader, iPhone, iPad, Android  Overall Rating: 4.3 / 5   (Based on 17 User Reviews)
 

FX Primus Review

 

FXPrimus Video Review:

Introduction

The advancement of the internet over the last few years has given rise to dozens of online Forex brokers offering their services accessibly to the general public. Once in a while, you come across an exceptional broker among the many that is worth reviewing. FXPRIMUS.com is one such broker. Established by retail traders and managed by a team with Terry Thompson as the President of the company, FXPRIMUS.com has spread its wings in more than 200 countries around the world. The broker is also one of the first Foreign Exchange brokerage firm to have an ISO 27001 certification.

Trading Platform

FXPRIMUS.com recognizes that there are traders with different skill levels and this can be seen very clearly in the way they designed their trading platform. As users logged onto their website, they will be prompted to state whether they are new traders or experienced traders.  The reason for this is to direct new traders to the learning section. For experienced traders, the website directs them to all the trading tools that they need to make an informed trade. 

FXPRIMUS Review Article

FXPRIMUS Review Article

FXPRIMUS.com offers their clients several trading options.  Traders can opt for the popular and reliable Meta Trader 4 trading platform or the simpler web based trading platform. Alternatively, for traders who are always on the go, they can also opt to trade from their mobile devices using the mobile trading platform. 

Types of Trading Accounts

As with most Forex brokers, FXPRIMUS.com offers their clients the opportunity to test-drive their system. There is a demo account which allows traders to trade with $50,000 virtual money. And if they feel comfortable with the system, they can open up a trading for as little as $250.  Trading accounts are separated into “Individual Account”, “Joint Account” and “Corporate Account”.

Commissions and Spreads

With FXPRIMUS.com, traders are assured of only being charged the tightest possible spreads. One of the lowest spread with FXPRIMUS.com is the EUR/USD currency pair which cost traders only 3 pips to trade.

To let traders have the best deal, FXPRIMUS.com let their clients decide between ECN Premier Spreads, Fixed and Variable spreads.

Customer Service

In addition to the English language, FXPRIMUS.com’s website also comes in 3 other major languages, Bahasa Indonesia, Simplified Chinese and Spanish. If ever you are in need of their technical support, you have the option to contact by live chat, email or by phone.

Reliability

Reliability of a broker comes in many forms. One aspect is how the broker tackles the issue of funding and withdrawal of profits. With FXPRIMUS.com, one has the options to transfer funds with credit cards, ClickandBuy, Moneybookers, local deposits in 47 countries and wire transfer. As for withdrawals, apart from the above mentioned, traders also have the option to withdraw their money to FXPRIMUS.com Prepaid MasterCard, a payment solution provided by PAYONEER. 

FXPRIMUS.com is also a STP broker. This means all your trades are immediately processed. You do not end up trading against your broker. In other words, you end up with fair trading conditions. In addition, for the peace of mind of traders, it is refreshing to know that FXPRIMUS.com is one of the very few online Forex brokers that are ISO certified. To earn this certification, company have to go through very stringent process evaluations and these process evaluations can take up years to complete.   

Pros

To recap, the advantages of trading with FXPRIMUS.com are:

  • They are a STP broker which means no dealing desk
  • Have no hedging restrictions
  • Offer trading opportunities for other assets and not just Forex
  • Low spreads
  • Reliable MT 4 trading platform
  • High Leverage of 1:500
  • Regulated by the Financial Services Commission (FSC) Mauritius
  • Low minimum deposit requirement
  • Efficient 24 hours Customer Support
  • Free real-time market news provided

   

Cons

It is hard to find fault with FXPRIMUS.com as they are as good as any broker can get. If one does find anything to complain about FXPRIMUS.com then let us know!

Conclusion

As mentioned earlier, FXPRIMUS.com was established by retail traders like many of us and this puts them in the best place to understand the needs of a trader. They ensured that their clients have all the right tools like a stable trading platform, low spreads and reliable customer service. It’s hard to find another forex firm around that can beat the quality of services offered by FXPRIMUS.com.

FX Primus User Reviews


Low Spreads

FXPRIMUS offers some of the lowest spreads around. They also give me the option to select the types of spreads I want.



Pros:You can decide if you want Fixed, Variable or ECN Premium spreads.

Cons: Don’t see any obvious disadvantage of dealing with FXPRIMUS.

Ease of Access
 
5
Platform Performance
 
5
Reliability
 
5
Customer Support
 
5
Payouts Percentage
 
5
5
 

Straight through Processing Broker

That fact that they send my orders directly to the liquidity providers gives me the peace of mind that they are not trading against me.



Pros:Ethical and professional broker

Cons: I wish they also support Paypal as a payment processer.

Ease of Access
 
5
Platform Performance
 
5
Reliability
 
5
Customer Support
 
4
Payouts Percentage
 
5
4.8
 

Multiple Trading Platforms

What is great about them is the fact that they provide several types of trading platforms depending on your needs. The mobile trading platform is a great help when you are constantly on the move.



Pros:Versatile trading platforms

Cons: Hard to find anything to be unhappy about with them

Ease of Access
 
5
Platform Performance
 
5
Reliability
 
5
Customer Support
 
5
Payouts Percentage
 
4
4.8
 

High Leverage

The leverage offered by this broker is quite high at 500:1. This gives me maximum returns on my limited capital.



Pros:More value with my limited capital with the margin trading facility provided by FXPRIMUS.

Cons: No complaints with the way they operate.

Ease of Access
 
4
Platform Performance
 
5
Reliability
 
5
Customer Support
 
5
Payouts Percentage
 
5
4.8
 

Gives the Same Level of Care to You Regardless Of Whether You Are New or Experienced

This broker gives equal attention to you even though you are new and inexperienced. The knowledge center is quite informative and their customer support is top notch.



Pros:Provide Good support all around

Cons: Still evaluating the broker

Ease of Access
 
4
Platform Performance
 
5
Reliability
 
5
Customer Support
 
5
Payouts Percentage
 
5
4.8
 
See all 17 user reviews

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