FXPrimus Review 2023 Is Legit or Scam

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During times when the internet is flooded with multiple FXPRIMUS reviews, it can be time-consuming to find trustworthy reviews and a broker who meets your needs when trading in financial markets. Let’s dive deep into this FXPRIMUS review and see how well the company’s platform performs as a global online financial trading platform for traders who trade with FXPRIMUS. This is a detailed review of FXPRIMUS, a multi-asset trading platform with over 130+ tradable assets. It’s a secure and straightforward platform regulated by the Cyprus securities and exchange commission and other organizations. FXPRIMUS offers a wide range of services as well as access to a variety of marketplaces. It provides access to more than 120 trading pairs in several markets and a gold trading platform.

We find ECN account fees quite pleasant for all instruments along with a commission charge per lot, see the snapshot below. As an example, you may refer to the comparison table and see typical FXPrimus spread and other popular CFD Brokers. FXPrimus leverage levels that are determined by the regulatory restrictions each authority imposes. Simply it means you should verify with company customer service first which level you are entitled to use, as it may be defined by your residence in one country or another. It is also a fact that you may choose under which entity to open an account, yet verify this with FXPrimus first as well.

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 VIP service provides one on one personalised support with access to the brokers trading signals. This service is available to clients who have an account balance of at least $10,000. I think it would be better if all clients had access to this but I do understand why it would be incentivised. On the other hand, FXPIG is a good forex broker that gives all clients personalised support regardless of their investment size. The broker gives you the option of a VPS through their data centres in London and New York.

In addition, swap-free , free demo trading accounts, and many educational resources are also offered by the broker. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange, or any kind of trading you should carefully consider your investment objectives, level of experience, and risk appetite.

Exceptional support team..

If you are a resident of Indonesia and would like to trade with FxPrimus, click the button below to open a live account. For these reasons, FxPrimus clients’ funds are kept in top-tier international banks, such as the Hellenic Public Bank, fully segregated from the company’s funds. Broker remains operational for some time and suddenly you are not able to contact the broker or the website seems down. The broker also changes name and website URL without any notice to existing traders. Here are some of the possible reasons why we have flagged this broker as a scam broker in this Fxprimus review.

fxprimus scam

Users can access the web platform after creating an account and depositing money into the account. FXPRIMUS MT4 download is a very user-friendly and dependable platform. On the left-hand side of the platform, you can search for different currency pairs. Users can search for trading pairs, forex, indices, lists, and other commodities based on their preferences. Trading is a risky gig that necessitates a great deal of experience and understanding.

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These fees should be considered by you also, typically brokers do charge accounts in case there is no activity for a period of six months or more, known as the FXPrimus Inactivity fee. Moreover, there is a possibility to request an Islamic Account known as a Swap-free account that traders of the Islamic faith to enter the trading process with no swap charges or spread widening. No, FXPrimus is not a scam, it is an authorized broker that also provides Professional Indemnity insurance up to 2.5m EUR for low-risk Forex and CFDs trading. FXPrimus is an ECN broker meaning that it gives clients direct access to other participants and uses prices from different liquidity providers. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker.

These partnerships have proven to be great aids in the furthering communication between brokers and our visitors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

  • You will be unable to top up your account if you use an account that is not registered on your name.
  • These resources include video tutorials, educational materials, live webinars, and articles.
  • FXPRIMUS offers 130+ trading instruments over multiple asset classes such as forex, cryptocurrencies, commodities, indices, futures, options, bonds, and indices.
  • Only verified trading accounts may request withdrawals, and FXPrimus processes withdrawal requests Monday through Friday between 0700 and 2100 (GMT+2).

I don’t have any problem with the regulations in place and trust them with my funds. I always prefer to use a regulated broker as I want to focus on my trading without worrying. FXPRIMUS continuously look to improve security for clients and give them peace of mind by implementing the latest technologies and advanced safety mechanisms alongside the educational material provided. You are given all of the necessary tools and resources that can help you to make informed trading decisions.

I also like how they have plenty of account funding options and do not charge any inactivity fees. Despite the positives, I think that they could improve by adding some more financial instruments and extending support hours to 24/7, especially considering fxprimus review they do provide cryptocurrency trading. Other than that, they can be a good choice for anyone looking for convenient market access and a secure environment. Overall, I think FXPRIMUS can be a great choice of broker for trading forex.

Before ruling out the possibility of trading with a Market Maker broker, consider what your trading requirements are, and rest assured, FxPrimus is one of the safest places to trade. FxPrimus rebates are a portion of the transaction cost that is paid back to the client on each https://forexbroker-listing.com/ trade, resulting in a lower spread and improved win ratio. For example, if your rebate is 1 pip and the spread is 3 pips, then your net spread is only 2 pips. Both FxPrimus entities, Primus Global Ltd and Primus Markets INTL Ltd offer a default Negative Balance Protection.

Overall, FXPRIMUS is a high security and safe forex and CFD broker. FxPrimus’s rewards investors with a higher trading equity and the pricing of its VIP ECN account is slightly better than the pricing offered by other players in this industry. The starting spread for the most popular cross, the EUR/USD pair, on the Micro and Variable accounts is 1.4 pip, commission-free. FxPrimus complies with the highest safety standards for clients’ funds. FxPrimus also complies with client money handling regulations and employs strict policies and procedures regarding the maintenance and operation of these accounts. FXPRIMUS is one of the few brokers that has created a very high standard for safety, security, operating efficiency, and, lastly, transparency in all matters.

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There is a big chart view in the middle of the screen; there are multiple options on the screen that users can change as per their choice. For instance, users can select the timings of candlesticks and use other trading indicators to have a good sense of technical analysis. The users can also select the day and night vision with their ease. The MT4 trading platform can be downloaded from the website for windows 7, 8, and 10. We always strive to provide our clients with the best trading experience accompanied by an amazing support service.

Opening an account is just a few steps always to step into the trading world. The users need to have a valid email id and give proper details about themselves in compliance with the regulators of the FXPRIMUS. After entering the details, users have to click on the verification link.

fxprimus scam

Make buying and selling trades, discover how to take advantage of global trading times, and most importantly, know how to reduce and manage risk in your investments and execute regulation as well. Withdrawing is possible with a credit card that can be ordered at FXPRIMUS ($15 fee one-time). FXPRIMUS will only handle withdrawals back to the source of the initial deposit for all account types. 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. The commissions and spreads displayed below are based on the minimum spreads listed on the FX Primus official website.

Customer support at FXPRIMUS

You’ll probably be asked for the following information when you open an account, so have it ready. With an FXPRIMUS broker, you can trade as little as 0.01 lot. Depending on the type of account you open, this may or may not be the case. Because FXPRIMUS offers both ECN and STP execution, you can anticipate incredibly tight spreads and greater transparency when it comes to the price you pay to execute your transactions.

Mobile Trading Platform

As a result, FXPRIMUS is a fantastic platform for simple, secure, and diverse trading. We don’t award this broker a full five stars because it only offers MetaTrader 4, and the spreads are slightly more significant than those supplied by popular competitors and brokers. FxPrimus reviews by verified customers, cashback rebates, expert ratings, spreads & fees, leverage, demo accounts, downloads, trading platforms and more. I like the trading environment at FXPrimus for high-frequency traders in the Primus Zero account, which offers highly competitive trading conditions.

FXPrimus offers Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries. 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. The sign-up bonus is made available to new and existing clients. In order to claim the sign-up bonus, a Trader must deposit $100 USD. The 25% Bonus offer is open to clients who place a first-time deposit into a Live-trading account with Primus Markets INTL Limited.

The broker has gained numerous rewards by being recognized as one of the best Forex providers in the market. The broker established its offices in Vanuatu, along with a Forex Broker in Cyprus, South Africa, and other countries around the world to cover the global needs of their clients. FXPRIMUS customer care is available in a variety of languages from across the world. Having a broker who can recruit people from all over the world who can interact with you in your native tongue is a significant advantage when dealing with problems. For you to effectively trade the financial market makers on the FXPRIMUS platform, your customer service experience with FXPRIMUS must be favorable.

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