Reviewed broker: FXPrimus
Operated by Primus Markets INTL Limited, registration number 14595
Location: Cyprus
Regulation: FXPRIMUS is the brand name used by Primus Global Ltd (previously known as FX Primus Europe (CY) Ltd), regulated by CySEC, with license no. 261/14, Primus Markets INTL Limited, regulated by VFSC, with registration no. 14595 and Primus Africa (Pty) Ltd, regulated by FSCA, with license no. 46675.
Established in 1999
USA, Australia and Japan traders: not allowed
FXPRIMUS focuses its efforts to provide the highest possible quality of online trading. The broker puts time and effort in safety, technological innovations and access to educational material for the clients.
Trading instruments: forex, commodities, CFDs and Indices
Crypto currency trading: FXPRIMUS offers its clients a range of Crypto-Currencies to trade against the USD on the MT4 trading platform. Diversify your trading portfolio and trade a range of cryptocurrencies.
Straight-through processing (STP): yes
ECN trading environment: yes
Dealing desk: no, FXPRIMUS is a 100% (STP) Straight Through Processing brokerage firm with no dealer intervention
Clients funds security: yes with segregated accounts
FXprimus Review : Trading Platform Features
Trading platform: MetaTrader 4 (desktop, web, mobile)
Trading signals and email alerts: yes
Stop loss, limit orders: yes
OCO orders: yes
FXPRIMUS offers the most efficient and powerful range of trading platforms on web, tablet or mobile, to fit every clients’ trading style and request.
MT4 FOR WINDOWS and MAC
The MetaTrader4 platform is one of the favorite among traders with user-friendly interface, advanced charting features, technical analysis tools and automated trading capabilities.
- Today’s gold standard in efficient trading platforms
- Supports instruments in Forex, Futures, Indices, Equities and other CFDs
- Available in over 30 languages
- Compatible with devices using Microsoft Windows and MACoperating system
MT4 WebTrader
MT4 WebTrader is accessible to any trader, on the go, via online internet browser
- No downloads required
- Access your trading account on-the-go
- Ideal for Demo trading, to test the MT4 environment
- Compatible with mobile or desktop devices via your browser
MT4 FOR MOBILE
You can reach FXPRIMUS platform while you’re on the go from your mobile device, as long as you have internet connection to access your trading account.
- A native application built specifically for the MT4 Platform
- Compatible with all versions of Android, iPhone and iPad plus Android 4.0 and up
- Pip value calculators, economic news calendars, real-time pricing and execution of trades
- Enhanced charting functionality with various timeframes
PAMM
PAMM service allows the link between Skilled Traders (Masters) and new Investors (Followers).
- Turn your capital into investment
- Full transparency of performance and fees
- Flexibility to deposit and withdraw easily
- Visibility with published trading results
PLATINUM API
Exclusive feature from FXprimus broker with direct market access to our clients who wish to use the FIX Protocol for the ultimate in customized trading experiences. The minimum deposit USD50,000 & margin requirements for FX, Gold, Silver & Oil are as low as 1%.
- Faster overall execution speed
- Ability to design a personalized trading interface
- Automated or algorithmic trading systems outside of MT4
- Fully customizable liquidity
VPS Service
VPS (Virtual Private Server) allows you to connect to your MetaTrader4 platform using a remote computer located close to our MT4 servers. With VPS you get to experience best price and a chance of making money on the specific trade.
- Increased efficiency in trade execution by providing optimal latency between your MT4 account and our servers
- Our dedicated data centers in London and New York allow us to provide the ultimate VPS solution
- Permanent uptime in order for our traders to strike the market at any time, 24/7
- Free for traders with a balance of USD 500 and who trade a minimum of 5 standard round turn lots within 30 days of activation
Negative balance protection: FXprimus tests each of its products and offerings to ensure that the clients never reach a negative balance position.
Scalping: allowed
Hedging: allowed
Automated trading: yes
Maximum leverage: 1:500
Spreads start from 0.3 pips
VPS: $30 per month
Margin call stop out: margin level of less than 50% and the Stop Out is at a Margin Level of less than 30%
Minimum trade size is 0.01 lot
FXprimus Review : Payment Options
Payment options: Bitcoin, China UnionPay, FasaPay, Neteller, Skrill, Wire Transfer
Minimum deposit: $100
Base currency: only USD
FXprimus Review : Customer Assistance
Customer support: email, phone, online chat available 24 hours a day, 5 days a week
FXprimus Review : Account Types
FXPRIMUS DEMO account
The FXPRIMUS demo account offers newbies a way to practice their trading skills and build some confidence before opening life account with a trading balance of 50,000 USD in virtual funds. The MetaTrader platform is available on a range of platforms and devices including on iPhone, iPad, Android, & Windows desktop or mobile devices. With more than 120 instruments on offer, you can enjoy trading on Forex, CFDs Stock Indices, Commodities, Stocks, Metals, and Energies, all via the very own demo account!
FXPRIMUS Variable Account
FXPRIMUS Variable Account provides access to unlimited free educational resources, helping you to make informed trading decisions, plus a range of exclusive trading tools available to FXPRIMUS traders only. Variable account holders also benefit from commission-free trades.
FXPRIMUS ECN Premium Account
The FXPRIMUS ECN Premium Account is for minimum deposits of USD 500. The ECN accounts offer lowest spreads starting from 0. With ECN account there is 1 pip (approximately USD 10) commission deducted from your account in real-time for the equivalent of every standard lot traded. A mini lot (0.10) will be charged approximately USD 1 and a micro lot (.01) will be charged approximately USD 0.10. Once you trade the equivalent of 250 standard lots or more in a calendar month, you will qualify for a lower commission rate of USD 8 per standard lot round trip traded.
Islamic account: yes
PAMM: yes, commissions USD 10 per lot
Demo account: yes, valid for 30 days from the date of your registration
FXprimus Review : Current promotions and Bonus offers
- Claim your festive gift
- Get $2 cash bonus on every lot traded
- Join oil rally with lowest spreads in the industry
- Go for gold with lowest spreads in the industry
- Double dynamo Bonus – get 100% & $4 Cashback
- 30% trading bonus
FX Primus Review : Questions and Answers
Who is Primus Markets INTL Limited?
Primus Markets INTL Limited, our International Company with registration number 14595 and authorised to carry on the business of dealing in securities as a Principal regulated by the VFSC.
What type of accounts do you offer?
We offer Micro, Mini and Standard lot trading as a self-directed or managed account. We also offer non-trading accounts as an Introducing Broker (IB) and Affiliate account. Accounts can have Variable or ECN Premier spread types.
What base currency will my account have?
We offer USD, EUR, GBP, SGD & PLN base currency accounts. However, if a Money Manager handles your account, the currency of your account must match the currency of your Money Manager’s, MAM Account. For example, if your Money Manager Trades in USD, your account will be in USD, regardless of which currency you choose when you register with us.
What is the commission for the ECN Premier account?
By registering for our ECN Premier Account you agree to have a 1 pip (approximately USD 10) commission deducted from your account in real-time for the equivalent of every standard lot traded. A mini lot (0.10) will be charged approximately USD 1 and a micro lot (.01) will be charged approximately USD 0.10. This commission is deducted the time you exit the trade, and is non-refundable. Once you trade the equivalent of 250 standard lots or more in a calendar month, you will qualify for a lower commission rate of USD 8 per standard lot round trip traded (or equivalent thereof.) Therefore we will credit your account USD 2 for each lot traded. For example, if you trade 300 standard lots during the month, we will credit your account with USD 600 at the end of that month.
How was the rating of FXprimus performed compared to other brokers?
This 2023 Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on FXprimus broker performance and features.
Overall our online FX primus review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online FXprimus or you find inaccurate details FX primus broker review please get in touch with us and the changes will be applied.
