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FXPRIMUS review
By
8 mins read
Overview
Our 5-step process of verification and evaluation – How do we obtain information?
General inspection – 30%
Trading experience – 30%
Technical audit – 20%
Collective experience from collaborations with the broker – 10%
Interviews with real traders – 10%
See the entire process here.
Pros
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A wide range of trading assets: FXPRIMUS provides 120 trading assets, including currency pairings, precious metals, petroleum products, indices, CFDs, and cryptocurrencies.
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Strong security network: FXPrimus employs specialized software and advanced encryption technologies with 128-bit keys.
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High Insurance Coverage: FXPrimus covers each client’s fund for up to 5 million euros. Hence, clients can rest assured that their money is safe.
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Low spreads: The minimum spread is 0.1 pips to help traders save money on trading fees.
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Negative balance protection: FXPrimus sets a minimum wallet balance across account types to protect traders from losing their deposits.
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Trading notifications: FXPrimus alerts traders via trading signals and SMS notifications of any trading volatility. This keeps them abreast of trading trends and increases their chances of making profits and avoiding losses.
Cons
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Limited Availability: FXPRIMUS broker’s client support service is only available 24 hours a day, five days a week, limiting its customer support services to only weekdays.
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Selective Compensation Claims: FXPRIMUS does not recognize any moral compensation claims. Hence, traders will not be compensated for any such claims.
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System Malfunction: Although this rarely happens, there are technical hitches that may necessitate a full platform restart.
General details
Customer reviews
score
Read real reviews from traders all over the world:
Accounts
FXPrimus Account Types
FXPrimus offers four live trading accounts: the PrimusCent Account, the PrimusClassic Account, the PrimusPro Account, and the PrimusZero. Our FXPrimus reviews reveal that the broker has complimentary trading accounts, such as the PrimusDemo and Islamic accounts. FXPrimus account packages are designed to accommodate traders of all levels of expertise.
- PrimusCent Account: This account requires a minimum deposit of $15, with an average spread of 1.5 pips, 100% margin call, and 20% stop out. It has a leverage of up to 1:1000, negative balance protection, and a swap-free option. It’s completely commission-free and available only on the MT4 platform.
- PrimusClassic Account: This account requires a minimum deposit of $100, with an average spread of 1.7 pips, 50% margin call, and 20% stop out. It has a leverage of up to 1:1000, negative balance protection, and a swap-free option. It’s commission-free and available only on the MT4, MT5, and cTrader platforms. It’s the only FXPrimus account with the copy trading feature.
- PrimusPro Accounts: This account requires a minimum deposit of $1000, with an average spread of 0.5 pips, 50% margin call, and 20% stop out. It has a leverage of up to 1:500, negative balance protection, and a swap-free option. Unlike PrimusCent and PrimusClassic, PrimusPro is not commission free. The account charges $10 and is only available on the MT4 and MT5 platforms.
- FXPrimus Islamic Account: FXPrimus provides Islamic swap-free trading on three tiers of its basic trading accounts. Hence, PrimusCent, PrimusClassic, and PrimusPro are all swap-free. FXPrimus automatically grants extended Swap-free status to all qualifying trading accounts opened by clients from non-Islamic countries.
- PrimusDemo Account: FXPRIMUS provides a free demo trading account for new traders to enjoy a risk-free environment. However, the FXPRIMUS account expires after 30 days. The FXPrimus platform also allows traders to extend the expiration of a demo account upon request.
The FXPrimus demo account is ideal for new traders to hone their trading skills and become successful and confident traders. Experienced traders can also utilize the retail demo investor accounts to gain mastery of the trading environment.
On the demo account, traders can get an average spread of 1.5 pips and leverage up to 1:500. It is available on the MT4 platform with Live support.
On Webtrader, the FXPrimus demo account can be accessed from any device with only a stable internet connection. This allows new traders to understand the MT4 trading environment.
Tradable instruments
Tradable instruments on FXPrimus trading platforms include:
- Four precious metals, including gold
- Energies such as oil
- Market indexes
Frequently asked questions
Find the right answer to your question below.
This extensive FXPRIMUS broker review took weeks to document and we infer from our research that the FXPRIMUS broker, despite subtle flaws, offers exceptional trading services. FXPrimus is a broker with a solid reputation for delivering Forex and Social Trading services for a long time.
FXPrimus is also regulated by authorities capable of holding the broker liable for errors or, at the very least, acting as an arbitrator in the case of a more significant disagreement. This is one reason Traders refer to the platform as “myfxprimus.”
FXPrimus requires a minimum deposit of $100. This can take 5 minutes to 5 days to be processed, depending on the trader’s preferred withdrawal method.
FXPRIMUS provides two trading incentives designed to reward loyal clients while raising the trading volume.
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Forex.com Best Trading PlatformsStart trading73%-77% of retail investor accounts lose money when trading CFDs with this provider.
FXPRIMUS compared with alternative brokers
To see the full broker review click “See review”, to see the complete table and compare more brokers visit our Comparison page.
- Overall verdict
- Trading
- Minimum deposit
- Maximum leverage
- Fees
- Withdrawal fee
- Deposit fee
- Safety
- Top-tier regulators
- Investor protection
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4.1/ 5
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4.2/ 5
- N/A
- N/A
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4.4/ 5
- N/A
- N/A
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4.2/ 5
- CYSEC, VFSC
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No
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See review
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4.1/ 5
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4/ 5
- N/A
- N/A
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4.1/ 5
- N/A
- N/A
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4/ 5
- VFSC
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Yes
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See review
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3.9/ 5
-
3.6/ 5
- N/A
- N/A
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3.9/ 5
- N/A
- N/A
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4.8/ 5
- Yes
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No
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See review
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4.1/ 5
-
4.2/ 5
- 0$
- 1:400 (1:30 for EU)
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3.9/ 5
- 0$
- 0$
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3.9/ 5
- FCA
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Yes
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See review
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4.2/ 5
-
4/ 5
- 500
- 1:300
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4.3/ 5
- N/A
- N/A
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4.5/ 5
- FCA
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Yes
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See review
