FXPrimus Broker Review

Is FXPrimus a scam?

FXPRIMUS is regulated by the Financial Services Commission (FSC) of Mauritius, which is a reputable regulatory authority known for its strict rules and regulations to protect investors. The FSC ensures that FXPRIMUS complies with the necessary regulations and standards in order to maintain the safety of clients’ funds and provide a fair trading environment. Additionally, FXPRIMUS is also a member of the Investor Compensation Scheme (ICS) in Mauritius, which provides clients with up to a certain amount of compensation in the event of the broker’s insolvency or bankruptcy.

FXPRIMUS takes client safety very seriously and implements a range of security measures to protect clients’ funds, including segregated client accounts, advanced firewalls, and SSL encryption. The company also conducts regular audits to ensure the security of its systems and processes.

Overall, FXPRIMUS is considered to be a safe and reliable broker for traders to trade forex and CFDs.

FXPrimus Trading Platforms

FXPRIMUS offers its clients a range of trading platforms to choose from, including:

1. MetaTrader 4 (MT4): This is one of the most popular and widely used trading platforms in the industry. MT4 is known for its user-friendly interface, advanced charting tools, and automated trading capabilities. It is available for desktop, mobile, and web-based versions.
2. MetaTrader 5 (MT5): This platform is an upgraded version of MT4 and offers advanced features such as more advanced charting tools, more order types, and a larger selection of technical indicators. It is also available for desktop, mobile, and web-based versions.
3. WebTrader: This is a web-based platform that allows clients to access their trading accounts directly from their web browser without needing to download any software. The platform is user-friendly and offers a range of features including advanced charting tools, technical indicators, and real-time quotes.
4. Mobile Trading: FXPRIMUS also offers mobile trading platforms for both iOS and Android devices. These mobile apps allow traders to manage their accounts and trade on-the-go, from anywhere in the world.

Overall, FXPRIMUS provides a variety of trading platforms to cater to the diverse needs of its clients. The platforms are user-friendly, feature-rich, and available across multiple devices.

Products FXPrimus provides

FXPRIMUS provides its clients with access to a range of trading products, including:

1. Forex: FXPRIMUS provides access to the forex market, which is the largest financial market in the world, with over $6 trillion traded daily. Clients can trade a wide range of currency pairs, including major, minor, and exotic pairs.
2. Commodities: FXPRIMUS offers clients the opportunity to trade a range of commodities, including gold, silver, oil, and other precious metals.
3. Indices: Clients can also trade a range of stock indices, such as the S&P 500, NASDAQ, and Dow Jones, giving them exposure to the performance of some of the world’s largest economies.
4. Cryptocurrencies: FXPRIMUS provides access to a range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
5. Shares: FXPRIMUS offers clients the opportunity to trade shares in some of the world’s largest companies, including Apple, Amazon, and Google.

Overall, FXPRIMUS provides a diverse range of trading products, allowing clients to choose from a variety of instruments and markets to trade. This can help traders to diversify their portfolios and manage their risks.

FXPrimus account types

FXPRIMUS offers three different types of trading accounts to cater to the needs of different traders:

1. Standard Account: This account type is suitable for new and experienced traders alike. It requires a minimum deposit of $100 and provides access to a wide range of trading instruments, including forex, commodities, indices, and cryptocurrencies. The account offers variable spreads starting from 1.5 pips and leverage of up to 1:500.
2. Premium Account: This account type is designed for traders who require a higher level of service and support. It requires a minimum deposit of $2,500 and offers tighter spreads starting from 0.1 pips, as well as additional features such as a dedicated account manager and free VPS hosting.
3. VIP Account: This account type is designed for high net worth traders who require personalized support and preferential trading conditions. It requires a minimum deposit of $10,000 and offers even tighter spreads starting from 0 pips, as well as additional features such as a personal account manager, exclusive trading insights, and VIP events.

Overall, FXPRIMUS offers a range of trading accounts with different features and benefits to cater to the needs of different traders.

FXPrimus trading fees

FXPRIMUS charges trading fees through the bid-ask spread, which is the difference between the buy and sell price of an asset. The spreads charged by FXPRIMUS are variable and depend on the type of trading account, the trading instrument, and market conditions.

In addition to the bid-ask spread, FXPRIMUS also charges a commission on certain trading instruments such as shares, which can range from $0.02 to $0.10 per share, depending on the market.

FXPRIMUS does not charge any deposit or withdrawal fees. However, clients may be subject to fees charged by their bank or payment provider when depositing or withdrawing funds.

Overall, the trading fees charged by FXPRIMUS are competitive and transparent, with no hidden fees or charges. Clients can view the bid-ask spread and commissions charged for each trading instrument on the FXPRIMUS website.

FXPrimus Funding and Withdrawal Options

FXPRIMUS provides its clients with a variety of funding and withdrawal options, including:

1. Deposit Options: Clients can fund their trading accounts using a range of methods, including bank wire transfers, credit/debit cards, and online payment systems such as Skrill, Neteller, and FasaPay. The minimum deposit amount varies depending on the method used, but it generally ranges from $100 to $500.
2. Withdrawal Options: Clients can withdraw funds from their trading accounts using the same methods used to deposit funds. Withdrawal requests are usually processed within 24 hours, and the time taken for the funds to reach the client’s bank account depends on the method used.
3. Fees: FXPRIMUS does not charge any deposit or withdrawal fees. However, clients may be subject to fees charged by their bank or payment provider when depositing or withdrawing funds.
4. Processing Time: Deposits made by credit/debit card or online payment systems are usually processed instantly, while bank wire transfers can take up to five business days to be processed. Withdrawals are usually processed within 24 hours, but the time taken for the funds to reach the client’s bank account depends on the method used.

Overall, FXPRIMUS provides a variety of funding and withdrawal options, with no fees charged by the broker. The processing times are also relatively fast, allowing clients to quickly deposit and withdraw funds from their trading accounts.

FXPrimus’ promotions

FXPRIMUS offers various promotions to its clients, including:

1. Welcome Bonus: FXPRIMUS offers a welcome bonus of up to 100% on the first deposit made by new clients. The bonus amount varies depending on the type of trading account and the amount deposited.
2. Cashback Program: FXPRIMUS offers a cashback program to its clients, which provides them with cashback based on their trading volume. The cashback amount varies depending on the type of trading account and the trading volume.
3. Refer-a-Friend Program: FXPRIMUS offers a refer-a-friend program, which rewards clients who refer new clients to the broker. The reward amount varies depending on the type of trading account opened by the referred client.
4. Trading Contests: FXPRIMUS occasionally organizes trading contests for its clients, which offer cash prizes to the winners.

It’s important to note that the promotions offered by FXPRIMUS are subject to terms and conditions, which should be carefully read and understood by clients before participating in any promotions. Additionally, it’s important to remember that trading involves risk, and clients should carefully consider their financial situation and risk appetite before trading.

FXPrimus customer support

FXPRIMUS offers customer support through various channels, including:

1. Live Chat: Clients can access live chat support 24/5 through the FXPRIMUS website. This is the quickest and most convenient way to get in touch with the support team.
2. Email Support: Clients can email the support team at support@fxprimus.com. The support team usually responds within 24 hours.
3. Phone Support: Clients can contact the support team via phone, with phone numbers available for various countries. Phone support is available 24/5.
4. Social Media: FXPRIMUS is active on various social media platforms, including Facebook, Twitter, and LinkedIn. Clients can contact the support team through these platforms as well.

FXPRIMUS also offers a comprehensive FAQ section on its website, which provides answers to frequently asked questions on various topics such as account opening, funding, trading platforms, and more.

Overall, FXPRIMUS offers multiple channels of customer support, with a knowledgeable and responsive support team available to assist clients with their queries and concerns.

FXPrimus Educational Resources

FXPRIMUS offers a variety of educational resources to its clients, including:

1. Webinars: FXPRIMUS offers regular webinars on various topics related to forex and CFD trading. These webinars are conducted by experienced traders and market analysts, and provide clients with insights into market trends and trading strategies.
2. Video Tutorials: FXPRIMUS offers a range of video tutorials on its website, covering topics such as trading platforms, trading strategies, technical analysis, and more.
3. E-books: FXPRIMUS offers a series of e-books on its website, covering various aspects of forex and CFD trading. These e-books are available for free download and cover topics such as risk management, trading psychology, and more.
4. Trading Tools: FXPRIMUS offers a range of trading tools to its clients, including an economic calendar, daily market analysis, and more. These tools are designed to help clients stay informed about market events and make better trading decisions.
5. Blog: FXPRIMUS maintains a blog on its website, which provides regular updates on market events, trading strategies, and other relevant topics.

Overall, FXPRIMUS offers a comprehensive range of educational resources, designed to help clients improve their trading skills and knowledge. These resources are available for free to all clients and can be accessed through the FXPRIMUS website.

Pros and cons of FXPrimus

Pros of FXPRIMUS:

1. Regulation: FXPRIMUS is regulated by multiple financial regulatory bodies, providing clients with a high level of security and protection.
2. Trading Platforms: FXPRIMUS offers a variety of trading platforms, including the popular MetaTrader 4 and MetaTrader 5 platforms, as well as its own WebTrader platform, providing clients with multiple options to choose from.
3. Competitive Spreads: FXPRIMUS offers competitive spreads on forex and CFD trading, making it an attractive option for traders looking to keep their trading costs low.
4. Customer Support: FXPRIMUS offers multiple channels of customer support, including live chat, email, phone, and social media, with a responsive and knowledgeable support team available to assist clients.
5. Educational Resources: FXPRIMUS offers a comprehensive range of educational resources, including webinars, video tutorials, e-books, and trading tools, designed to help clients improve their trading skills and knowledge.

Cons of FXPRIMUS:

1. Limited Product Range: FXPRIMUS offers a relatively limited product range, with only forex and CFD trading available.
2. Inactivity Fee: FXPRIMUS charges an inactivity fee of $10 per month after 180 days of inactivity, which can be a disadvantage for clients who do not trade frequently.
3. Limited Funding Options: While FXPRIMUS offers multiple funding and withdrawal options, the options available may vary depending on the client’s location, which can be a limitation for some clients.
4. Limited Language Support: FXPRIMUS provides customer support in English and a few other languages, which may be a disadvantage for clients who do not speak these languages.

Overall, FXPRIMUS is a well-regulated broker that offers competitive trading conditions and a comprehensive range of educational resources. However, it may not be suitable for all clients due to its limited product range and some fees charged by the broker.

Frequently asked questions about FXPrimus

Is FXPRIMUS a regulated broker?

Yes, FXPRIMUS is regulated by multiple financial regulatory bodies, including CySEC, VFSC, and FSCA.

What trading platforms does FXPRIMUS offer?

FXPRIMUS offers a variety of trading platforms, including MetaTrader 4, MetaTrader 5, and its own WebTrader platform.

What products does FXPRIMUS offer?

FXPRIMUS offers forex and CFD trading on various financial instruments, including currency pairs, commodities, indices, and cryptocurrencies.

What account types does FXPRIMUS offer?

FXPRIMUS offers three main account types, including the Standard Account, Premium Account, and VIP Account.

What are the funding and withdrawal options available with FXPRIMUS?

FXPRIMUS offers a variety of funding and withdrawal options, including bank wire transfer, credit/debit cards, e-wallets, and local payment options.

Does FXPRIMUS offer any educational resources?

Yes, FXPRIMUS offers a comprehensive range of educational resources, including webinars, video tutorials, e-books, and trading tools.

What are the trading fees and commissions charged by FXPRIMUS?

FXPRIMUS charges competitive spreads on forex and CFD trading, with no commissions on trades. However, there may be other fees charged by the broker, such as overnight fees and inactivity fees.

What languages does FXPRIMUS support for customer support?

FXPRIMUS provides customer support in English and a few other languages, depending on the client’s location.