FXPRIMUS Review 2022

Since the broker expanded to different places in the world, it is only logical that FXPrimus maintains a multilingual customer support. The FXPrimus support team is available 24/5 via the standard methods, e.g. phone line, e-mail, and the convenient live chat. The broker has a very useful FAQ section where all general information can be found. If you are looking to improve your knowledge, you can make use of the different educational resources which the broker offers on their website.

FXPrimus offers traders commission-free Forex trading with either spreads or a highly competitive commission-based alternative. FXPrimus is a legit and safe broker, fully compliant with two regulators. Traders at the CySEC subsidiary get an investor compensation fund, covering up to 90% of deposits up to a limit of €20,000. FXPrimus segregates client deposits from corporate funds, offers negative balance protection, and has a clean regulatory track record with over twelve years of experience.

The site boasts with lightning-fast execution for all accounts and multilingual, personalised customer support. It also offers unbeatably safe trading conditions along with free access to education pages. The overall functionality of the brand is exceptional, to say the least. It comes equipped with a modern user-interface with innovative features and categories to make trading an absolute breeze. The software is smooth, reliable, and extremely safe, complete with tons of trading instruments that will the most avid trader satisfied.

Well, it proves that the broker is concerned over the client’s opinion about the service. FXPrimus offers a wider range of deposit and withdrawal methods than other brokers, and both deposits and withdrawals are free of charge. Unlike other brokers that charge fees for deposits and withdrawals, FXPrimus absorbs these fees. Overall, these inactivity fees are higher than other similar brokers.

A three-month utility bill or bank account and statement that shows your current address and foreign exchange. These checks are regular procedures at FXPRIMUS, and they enable the company to maintain a secure financial and trading environment for its 10,000 consumers. Therefore, beginning traders are most welcomed, also coordinated Seminars around the world centers allowing the potential public to join trading as well. SMS alerts and email alerts are another category and truly useful tools that are available at FXPrimus MT4 platforms, allowing you flexibility rather than sitting and watching charts continuously. You may select an instrument or a few, that you are watching and set specified levels the price reach, so you will receive notification directly to your phone or email once the price is there.

It may seem misleading at some point, however FXPrimus has the reputation of a safe broker therefore the choice is always your whether to take a trading risk or not. On the negative side product offering is based on Forex and CFDs. FXPrimus claims that they are a straight through processing broker not a market maker, nor a dealing desk. Please come back often as broker services are very dynamic and can improve or deteriorate rapidly. My account with mam automatic but mam trading not good very bad so I told u stop trading immediately but no one support there 3 days take it for than my almost 50% loss I bare.

FXPrimus Verdict

Clients that do not meet these requirements may still use the FXPRIMUS VPS Service at a fee of 30 USD per month. The FXPrimus VPS provides optimal latency between a trader’s MT4 account and the FXPRIMUS servers. Overall, FXPRimus’s trading platform support is one of the best in the industry. However, traders can only open certain accounts on certain platforms, which is disadvantageous. Beginner traders are inexperienced traders who have never traded before, or who have been trading for less than a year.

It has won multiple awards over the years, including the Most Trusted Broker, Best Forex Research, and Best Training & Education Provider. It is fully regulated to offer real money forex trading services to clients, courtesy of CySEC . Clients have access to a wide selection of tradable instruments including energies, stocks, metals, indices, commodities, contracts for difference , and forex currency pairs. While FXPrimus offers three trading platforms, not all accounts are available on all three platforms (click here for more on FXPrimus’s trading platforms). It is a professional platform that has different types of accounts with different features. Along with a demo account, the FXPRIMUS platform has a very competent team behind the project.

Forex Brokers We Recommend

The FXPrimus desktop computer trading platform is the software that enables investors and traders to place trades and monitor accounts through financial intermediaries. The FXPrimus desktop trading platform offers other features to its users, such as real-time quotes, charting tools, news feeds, and even premium research. This premier provider of online trading services is owned and operated by Primus Markets INTL Limited, and part of the FXPRIMUS group.

Theminimum deposit amountrequired to register anFXPrimus live trading account ranges from $15 USD up to $10000 USD depending on the live account option chosen. Theminimum deposit amount required will depend on the account type selected. Regrettably, phone support is unavailable, and a direct line to the finance department where is missing. FXPrimus explains its products and services well, but an FAQ section is unavailable. This could result in beginner traders engaging with customer support more than usual.

Primus Global LTD regulated, FXPRIMUS is a global online financial trading platform and broker of multi assets. It offers its VIP clients opportunities in online forex trading, commodities, energies, and indices. It provides academic, technical, and practical support to its clients throughout their trading journey.

FXPRIMUS

I highly recommend the Primus Zero account, which ranks among the cheapest ones available. International clients will trade with the Vanuatu subsidiary, while EEA traders deal with the CySEC unit. Primus Global, the CySEC-licensed entity, acts as the headquarters for the group and Primus Solutions Ltd , Primus Global Ltd , and Primus Support Ltd .

The former has eleven video tutorials, which guide beginner traders through the account opening, verification, and funding, installing the MT4 trading platform and registering as a partner. FXPrimus win for their customer service, I have never have difficulties contacting them, if support offline, i will email and definitely get a reply next day. Go for ECN account, definitely a faster execution, how to read candlestick patterns in forex commission are competitively standard. Withdrawal, im not sure about others since im using Escrow services my withdrawal usually settle in just an hour, the max is 6 hours, but their disclaimer is 24hours for escrow withdrawal. The main goal of this site is to provide quality reviews, comparison, and other brokers information that allows traders to make reliable choice when choosing a broker.

Each trade payment option has its own set of benefits and cons in terms of costs, processing times, and limits. We contacted Primus Market LTD live chat support to find out about the latest bonuses and promotional offers. The customer service representatives informed us of the 100% Cashback Bonus – Known as the Double Dynamo.

How to open your account with FXPRIMUS:

The brokerage companies have to comply with various rules and criteria for license approval; this is decided by a financial conduct authority to ensure safe trading and maintain a license. Regulatory agencies monitor broker activity, share, and will intervene if something goes wrong. Before trading with a broker like FXPRIMUS, make sure they are a legitimate online broker. If you are looking for FCA or ASIC-regulated brokers, visit our best forex broker UK page and best forex broker Australiapage. Definitely nowadays it is almost impossible to imagine trading without a mobile trading platform, as it allows you to monitor and stay updated with the situation whenever you are. FXPrimus MT4 Mobile platform also please us with a range of technical analysis and chart option features it offers, so you may customize already good design of the mobile platform.

Trading costs on the PrimusCENT, PrimusCLASSIC and PrimusPRO accounts are higher than average – most other brokers offer trading costs of 9 USD per lot traded on their entry-level accounts. Additionally, traders should be aware that spreads are variable at FXPrimus, meaning that they will get wider or tighter depending on trade volume and market volatility. Trading is a very tricky sort of thing that needs experience and extensive knowledge. FXPRIMUS offers a unique and easy to use web-platform to start trading. The platform encapsulates various features, which the users can access after depositing the money into their accounts. Brokers may charge clients various trading inactivity fees, and trading company which you should be aware of because they may impact your profits and benefits.

For FXPrimus you may pay a monthly fee for your account in return for benefits, most often research tools, educational guides, or premium perks. Their support team, consists of experts, assists their clients with dedicated regard, accessible through phone call, live chat and email. You must understand that Forex trading, while potentially profitable, can make you lose your money. Other trading tools available at FXPrimus include a range of trading calculators, which can be used to calculate pip value, a Fibonacci calculator, and a currency converter.

FXPrimus offers traders demo accounts and does not list a time limit on its website. Demo accounts are ideal for testing new trading strategies and bug-fixing algorithmic trading solutions. Traders can swiftly create them in MT4/MT5, but I recommend a demo account balance similar to their planned live deposit.

Customer support is excellent, responsive, and available 24/5 via WeChat, Zalo, Line, Telegram, Live Chat, WhatsApp, Facebook Messenger, Email, and telephone. For the purposes of this review, we conducted numerous support sessions and found that our questions were answered swiftly and accurately by people with a good knowledge of the company. Analysis at FXPRIMUS is published on a blog and via the weekly outlook. Deposits are processed within 5 minutes, withdrawals are processed within 24 hours. We suggest you read FXPrimus’s risk disclosure, customer agreement, and terms of business before you start trading.

Opening an Account

It is also a fact that you may choose under which entity to open an account, yet verify this with FXPrimus first as well. The investors’ protection along with compliance to the set rules performed in numerous ways since obliges broker strictly to keep money in segregated bank accounts and make sure they are always protected. These rules are also monitored and audited by the regulatory bodies, which we faang stock recall to your attention again why regulated broker considered safe and eventually the only recommended brokers. It simply means that you will open an account with a company not particularly regulated in Malaysia. FXPrimus makes three market-leading trading platforms available, MetaTrader4, MetaTrader5, and cTrader. The availability of the mentioned platforms will depend on the account type selected.

The site, yes, slows down sometimes, but it does not affect the work of the terminal, for all time I did not notice brakes in mt4. My withdrawal from my account is no big deal if you do not pay 500 or dollars. There is a good honest affiliate for attracting clients, part of the commission per lot is given to the partner. We really hope that the company will demonstrate only its positive virtues and keep improving its services.

FXScouts has been the UK’s most trusted Forex broker review site since 2019. Our team has written 100+ broker reviews and we constantly test to maintain accuracy. It’s incredibly convenient for me that in addition to crypt, I can work with other tools from one account, some brokers allocate a separate account for this.

What Is FXPRIMUS?

As a forex trader, you can leverage your trading activity by accessing currency pairs trading via these powerful platforms. MT-4 platform is the most reliable and trustable trading platform in the trading world. It provides users satisfaction and full support of automated trading solutions. After the account creation and depositing of money in the account that users can access the web platform. On the left-hand side of the platform, there are different currency pairs that one can search.

Is FX Primus a market maker?

FX Primus offers several deposit and withdrawal methods including bank wire transfer, credit cards such as Visa and Mastercard, plus e-wallets including Skrill and Neteller. Index trading is for those with a keen eye for changes in a certain sector or a group of stocks. FXPRIMUS have a decent range of trading calculators that can help risk management when preparing for a trade. The trading calculators include a pip calculator, Fibonacci calculator, currency calculator and pivot calculator.

The company’s representatives constantly monitor user feedback, trying to timely resolve issues. FXPrimus’s entry-level accounts accommodate beginner traders with minimum deposits of 15 USD, spreads averaging at 1.50 – 1.7 pips on the EUR/USD, which is wider than other brokers, but with no commissions. Its other accounts offer very competitive spreads which will appeal to more experienced traders, but these have higher minimum deposits. During our FXPRIMUS review, we reviewed that FXPRIMUS Bonuses are two sorts of trading bonuses intended to reward loyal customers while increasing trading volume. FXPRIMUS bonus offers both new and existing traders regulation and the benefit from the 30% trading incentive, which provides them with US Dollar 1500 in free trading funds. To be eligible for this offer, you must make a minimum deposit of US Dollar 500 or its equivalent in another currency and brokers.

Generally big companies don’t care about every single IB or every single client and they give you default facilities whatever is preset by the company. But, FxPrimus goes beyond its default things and customizes the things as per clients’ need. For example, they have PAMM service for fund manager but they are giving me separate MAM. Top-Tier Liquidity – FXPRIMUS clients have access to a large amount of liquidity provided by worldwide top-tier banks and brokers. Also, various trading tools, Economic Calendar ad Trading Calculators remaining at your disposal, while VIP clients may access Premium Trading signals and Platinum API on an exclusive basis. In addition, you may access immediate market updates with SMS Service, which is indeed very useful.

You can use PayPal, funding your FXPrimus account using a personal PayPal account. If you have enough funds in your respective account, your bank account will questrade forex review be debited while the equal amount will be deposited into your FXPrimus account. USD, GBP, EUR, SGD, PLN are supported by FXPrimus as account base currencies.

An economic calendar is used by investors to monitor market-moving events, such as economic indicators and monetary policy decisions. Market-moving events, which are usually announced or released in a report, have a high probability of impacting the financial markets. A FXPrimus economic calendar is a resource that allows traders to learn about important economic information scheduled to be released throughout the major economies. Events may include indicators such as GDP, the consumer price index , and the Non-Farm Payroll report. Stock trading involves purchasing and selling equities periodically in order to time trades against the market.

Jacki Grewal from FxPrimus is highly supportive business development manager. He helps in business expansion like nobody from no comoany does. The Cyprus Securities and Exchange Commission regulation and the Markets in Financial Instruments Directive govern FXPRIMUS . This means FXPRIMUS is governed by a jurisdiction that can hold a broker accountable for its mistakes or at the very least act as an arbitrator in the event of a larger disagreement.