FX Primus Review 2019

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FX PrimusReview

FXPRIMUS Review

FXPRIMUS is an online forex trading platform brand that is owned by FXPRIMUS group. The brand is managed by 2 different subsidiary companies, Primus Markets INTL Limited and Primus Global Ltd. The platform is licensed by 2 regulatory authorities and offers its clients the opportunity to trade in the spot forex market, spot metals market, CFDs on market indices and international equities on the popular MetaTrader 4 (MT4) trading platform.  Since its inception, FXPRIMUS has grown to become a leading online trading platform serving clients from more than 200 different countries.

FXPRIMUS Regulations

As mentioned earlier, the FXPRIMUS brand is operated by 2 different companies in different jurisdictions. Formerly known as FX Primus Europe (CY) Ltd, Primus Global Ltd is based in Cyprus and is regulated by the Cyprus Securities Exchange Commission (CySEC) under the CIF license number #261/14. Under the FX Primus Europe (CY) Ltd brand, the broker is primarily focused on traders based in Europe. From international traders based outside of Europe, they are serviced by Primus Markets INTL Limited which is regulated by a different regulatory body, the Vanuatu Financial Services Commission (VFSC) under the registration number 14595.

FXPRIMUS Reliability

As a broker that is dedicated to becoming the safest broker in the industry, clients of FXPRIMUS can be assured that they are dealing with a reliable broker. Apart from the security offered by the regulated status of the broker, FXPRIMUS also ensures their clients’ funds with EUR2.5M policy. Funds are also kept in segregated accounts at Tier 1 banks and the broker uses the latest encryption technology to ensure its website is safe from any hackers. With the extra measures adopted by FXPRIMUS, the broker has been recognized as one of the best brokers in the industry. It has won a variety of awards over the years.

FXPRIMUS Trading Platforms

The flagship trading platform of FXPRIMUS is the MetaTrader 4 (MT4) platform supplied by MetaQuotes Software. The MT4 platform is one of the most powerful platforms used by the forex trading industry. It is adopted by the majority of the brokers in the industry and is considered the standard trading platform by many online traders as well. Apart from support currency trading, the mT4 is also capable of supporting CFDs transactions. Its user interface is simple enough for any beginner trader to understand while the wide array of integrated tools on the platform ensure that experienced traders will be able to conduct the in-depth market analysis which they need. Some of the key features of the MT4 platform include support for multiple languages, one-click trading, automated trading and comprehensive charting.

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FXPRIMUS Mobile Trading

Also available for traders who are always on the move are mobile-friendly versions of the desktop MT4 platform. These mobile traders are available as apps which users can download from Google Playstore and Apple App Store. Although the apps are designed for smartphones and tablets, they are nearly identical in features as the desktop version.

FXPRIMUS Trade Types/Instruments

FXPRIMUS offers its traders access to the spot currency, spot market and CFDs market. The range of instruments covered by the broker includes 43 currency pairs, 3 types of metals, Crude Oil and a wide selection of international stocks and market indices.

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FXPRIMUS Account Types

FXPRIMUS offers 3 main types of trading accounts, FXPRIMUS Variable (Std) account, FXPRIMUS Premium ECN account and FXPRIMUS VIP account.

FXPRIMUS Standard Account

  • Minimum deposit: $1000
  • Daily Market Outlook
  • Double Dynamo Cashback Bonus
  • One to one consultation
  • SMS Alerts

FXPRIMUS Premium ECN Account

  • Minimum deposit: $2500
  • 60 minute MT4 & Trading Tools Training
  • Daily Market Outlook
  • Double Dynamo Cashback Bonus
  • Live Market Update Telephone Calls
  • One to one consultation
  • SMS Alerts

FXPRIMUS VIP Account

  • Minimum deposit: $10000
  • 30 Minute Consultation with Market Specialist
  • 60 minute MT4 & Trading Tools Training
  • Daily Market Outlook
  • Double Dynamo Cashback Bonus
  • Live Market Update Telephone Calls
  • One to one consultation
  • Personal Access to Market Specialist 24/5
  • SMS Alerts
  • VIP Trading Signals

FXPRIMUS Commissions & Spreads

The spreads offered by FXPRIMUS are available as raw spreads or as variable spreads. Raw spreads are only available through those trading with the Premium ECN account. The spreads are the tightest available spreads and depend on the liquidity in the market. For those trading on the standard account, the spreads are variable and competitive at the same time. For the typical spreads offered on the standard trading account, you can refer to the following table below:

Instrument Spreads (in pips)
EUR/USD 1.5
USD/JPY 2.0
GBP/CHF 3.4
AUD/USD 2.0
USD/CHF 2.4
EUR/GBP 2.4
USD/CAD 2.7
CHF/JPY 2.7
EUR/JPY 2.1
GBP/JPY 2.0

 FXPRIMUS Deposits & Withdrawals Options

There are 3 main ways to fund your trading account at FXPRIMUS, through banks in the form of local deposits or bank wire transfer, through credit cards and a wide selection of eWallets. Supported eWallets include Neteller, BITPAY, Skrill, UnionPay, giropay, fasapay, itau and ecoPayz. Withdrawals are also available through the same methods mentioned above. All fees are covered by FXPRIMUS and the minimum amount that can be withdrawn is $100. Depending on the method used, the withdrawal time ranges from 24 hours to 5 business days.

FXPRIMUS Bonus & Promotions

Unlike most brokers in the industry, FXPRIMUS is generous to its clients with regards to bonuses and promotional offers. This is because the broker believes in rewarding loyalty and also enhancing the trading experiences of its clients. The list of bonuses and promotional offers include:

  • $2 Cash Back Bonus
  • Double Dynamo Bonus (100% Bonus + $4 Cash Back)
  • Join the Oil Rally (Lower spreads)
  • Go for Gold (Lower spreads)
  • 30% Trading Bonus
  • Monthly Earn 50% more offer
  • Change Broker Bonus

For expert traders who become a PAMM Master, they also have the chance to earn extra income for every trade that their followers make.

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FXPRIMUS Customer Support

The customer support service at FXPRIMUS can be accessed through email live chat or the telephone.  Available 24/5, the support service is also provided in multiple languages.

Pros and Cons

Pros

  • Competitive spreads
  • ECN trading supported
  • Generous Bonuses and promotional offers
  • Regulated Broker

Cons

  • Only MetaTrader 4 based trading platform available

FXPRIMUS Q&A

  • Is FXPRIMUS regulated?

Yes, FXPRIMUS is a regulated broker under CySEC and VFSC.

  • Where is FXPRIMUS based?

FXPRIMUS is based in Cyprus and Vanuatu.

  • How does FXPRIMUS make money?

The broker makes its money by charging its traders a small spread for every trade which its clients make on FXPRIMUS trading platform.

  • How do I deposit in FXPRIMUS account?

Funding of trading accounts is done to bank transfers (deposit and wire transfer), credit cards and e-wallets.

  • How do I withdraw money from FXPRIMUS?

Withdrawal at FXPRIMUS can be initiated through bank transfer, credit card transfer, and eWallets.

  • How do I open an account with FXPRIMUS?

To open an account at FXPRIMUS, you need to first fill up a registration form and submit the completed form to the broker.

  • Is FXPRIMUS reliable?

Yes, FXPRIMUS has proven to be a reliable broker with numerous recognition awards under its belt.

  • Does FXPRIMUS use MetaTrader?

Yes, FXPRIMUS uses the MetaTrader 4 trading platform.

  • What is FXPRIMUS leverage?

The maximum leverage offered by FXPRIMUS is 1:500.

  • Is FXPRIMUS a scam?

No, FXPRIMUS is not a scam. It is a legitimate broker regulated by 2 different regulatory authorities.

  • How safe is FXPRIMUS?

Yes, FXPRIMUS is a safe broker. They have taken additional measures such as using the latest encryption technology to ensure that their website is secured from any outside intrusion.

Conclusion

As FXPRIMUS’s founders were originally retail traders, they are able to better understand the trading needs of their clients. This is why the broker has made every effort to provide its traders with the right trading tool and trading conditions to succeed in this competitive industry.  With the low spreads and secured trading environment provided by FXPRIMUS, you can be assured of your trading success with this broker.

FX PrimusOverview

Company Information

Broker DetailsInfo
Regulated byCySEC
Headquarters CountryCyprus
Foundation Year2014
Publicly TradedNo
Number Of Employees100

Deposit Options

Cash-U, Credit Card, FasaPay, Moneybookers, Neteller, Skrill, Webmoney, Western Union, Wire Transfer

Withdrawal Options

Cash-U, Credit Card, FasaPay, Moneybookers, Neteller, Skrill, Webmoney, Western Union, Wire Transfer

Contact Information

Trading Account Options

Account TypeInfo
Min. Deposit$500
Max. Leverage1:500
Mini AccountYes
Demo AccountYes
Islamic AccountYes
Managed AccountNo

FX Primus Trading Features

Suitable For

Trader LevelYes/No
BeginnersYes
ProfessionalsYes
ScalpingYes
Day TradingYes
Weekly TradingYes
Swing TradingYes
Social TradingYes

Customer Service

TimeYes/No
24 Hours SupportYes
Support During WeekendsNo

Customer Support Languages

Arabic, Chinese, English, French, German, Italian, Japanese, Polish, Portuguese, Russian, Spanish

Trading Services

ServiceInfo
Supported Trading PlatformsMT4
Commission On TradesYes
Educational ServiceYes
SignalYes
Email AlertsYes
Guaranteed Stop LossYes
Guaranteed Limit OrdersYes
Guaranteed Fills/LiquidityYes
OCO OrdersYes
HedgingYes
Trailing SP/TPYes
Automated TradingYes
API TradingYes
Has VPS ServicesYes
Cryptocurrency CoinsYes

Supported Instruments

Instrument TypeYes/No
CurrenciesYes
CommoditiesYes
CFDsYes
IndicesYes
ETFsNo
StocksYes
BondsNo
CryptocurrenciesYes

FX PrimusPromotions

Promotion infoOfficial Site
100% Deposit Bonus
PRIMUS MARKETS is delighted to present our valued clients with the incredible 100% Double Dynamo Bonus on up to $10,000 plus up to $4 cashback for every lot traded!
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FX PrimusUser Reviews

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  • 2.0
    Expressed interest
    Benjamin
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    best broker ever
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  • 3.0
    Fxprimus and Cryptocurrency Trading
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  • 4.0
    Work closely with my personal relationship manager
    Catón Muñoz Zamora
  • 4.0
    Great education resources
    Martin Jedlička
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