FXPrimus Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $15
- MT4
- FXPrimus WebTrader
- CySEC
- VFSC
- 2009
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $15
- MT4
- FXPrimus WebTrader
- CySEC
- VFSC
- 2009
Our Evaluation of FXPRIMUS
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
FXPRIMUS is a moderate-risk broker with the TU Overall Score of 5.82 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by FXPRIMUS clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
FXPrimus is a broker that offers very favorable terms for independent trading and investing. In addition to an attractive range of trading assets, the company also captivates by paying increased attention to security. It is also worth noting a serious approach to the issues of analytics and education.
Brief Look at FXPRIMUS
FXPrimus is a broker regulated by CySEC (Cyprus Securities and Exchange Commission, 261/14) and the VFSC (Vanuatu Financial Services Commission, 303073). It guarantees the protection of clients' assets with insurance coverage of 5 million euros. The company applies the latest systems, the task of which is to ensure a high level of data protection. Also, the company's activities are regulated by the FSC (Financial Services Commission). The broker provides clients with access to Forex and CFDs. Assets available include 43 currency pairs, four types of precious metals, energies, stocks, and market indexes. The company describes itself as one of the safest and continues to set new data protection standards to this day. FXPrimus has always prioritized security, which has allowed it to take a confident position on large trading platforms.
- the widest range of trading assets;
- a trader's funds are insured for up to 5 million euros;
- high level of security.
- support service active 24/5;
- very rarely, but there are failures in the platform's operation that require its restart;
TU Expert Advice
Financial expert and analyst at Traders Union
FXPrimus (preiously known as Fx Primus) is a proven partner of the Traders Union. The broker fulfills its obligations to the TU. FXPrimus does not charge any hidden fees and instead offers attractive promotions and bonus programs.
The high quality of customer support and educational materials on market analysis and trading assist beginners in mastering the market and establishing a career. Comfortable manual trading terms and the ability to invest in auto-copying enable experienced traders and investors to develop and grow.
Each trader can choose the optimal asset from more than 120 suggested options. To enter the real market, traders must have a minimum deposit of $1,000, whereas many competing companies have a much lower minimum deposit amount.
As for the educational material or analytical data, there are no claims against the broker. The website contains up-to-date information and has all the necessary tools for effective market analysis.
- You are looking for a broker where a trader's funds are insured for up to 5 million euros.
- You want to use advanced trading platforms like MetaTrader 4, MetaTrader 5, and cTrader for an enhanced trading experience.
- You want to trade with lower minimum deposits, as this broker requires a minimum deposit of $100 for MT4 accounts and $500 for MT5 and cTrader accounts.
FXPRIMUS Summary
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | MT4, MT5, Mobile for android and IOS, Multiterminal, C Trader, Webtrader. |
|---|---|
| 📊 Accounts: | CENT, CLASSIC, PRO, ZERO, DEMO |
| 💰 Account currency: | USD, EUR, GBP, SGD and ZAR |
| 💵 Replenishment / Withdrawal: | Credit cards, e-wallets, bank transfers, Crypto (Bitcoin, Binance, USDT, TRC20, ERC20), Perfect Money. |
| 🚀 Minimum deposit: | Starting at $15 |
| ⚖️ Leverage: | Up to 1:1000 |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: | From 0.1 pips |
| 🔧 Instruments: | Currency pairs, precious metals, petroleum products, indexes, CFDs, cryptocurrencies |
| 💹 Margin Call / Stop Out: | 30% / 30% |
| 🏛 Liquidity provider: | Marketplace |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market Execution |
| ⭐ Trading features: | Auto-copying of trades; IB Program; Negative balance protection. |
| 🎁 Contests and bonuses: | Yes |
FXPrimus attracts traders with its low spreads as well as quite large leverage. Clients appreciate the company for the opportunity to trade not only currency pairs but also precious metals, oil, indexes, and futures contracts. Among the advantages of the broker, traders highlight profitable referral programs, the possibility of mirror trading, and a broad list of payment systems.
For trading, FXPrimus provides the popular MetaTrader 4 trading platform, as well as its web-based version. The minimum order is 0.01 lots, while the minimum deposit is $15. The broker does not offer a cent account; therefore, to test trading strategies, traders use a demo account where trading is conducted with virtual money.
FXPRIMUS Key Parameters Evaluation
Trading Account Opening
For your convenience, TU specialists have summarized the FXPrimus registration procedure, which is below:
To open an account, select "Open a real account" or "Open a demo account" on the main page of the company's website.
The registration form will appear. In the relevant fields, enter the following personal data: first and last names, email address, phone number, and region of residence. After that, enter your username and password and then click "Register".
Important: Before depositing into your account balance, you need to pass verification.
The FXPrimus user account includes the following functions:
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depositing into an account, withdrawing, and transferring funds;
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viewing statistics on bonuses and promotions;
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history of transactions;
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up-to-date analytical information;
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performance and profitability statistics;
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client support.
Regulation and safety
FXPrimus is licensed by two regulatory authorities: the Cyprus Securities and Exchange Commission (CySEC) and the Vanuatu Financial Services Commission (VFSC).
The company strictly adheres to the established regulations and the regulators’ requirements, which ensures the fulfillment of the stated rights and obligations to the client and the proper protection of deposit funds. The broker insures the funds.
Advantages
- Ensures transparency in the OTC market
- Monitoring and regulation of relations among participants
- Lowering the risk of fraud; has a "black list" of disreputable brokerage companies
Disadvantages
- Claims for moral compensation are not handled
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| CENT | Starting at $15 | No |
| CLASSIC | Starting at $15 | No |
| PRO | Starting at $3 | No |
| ZERO | Starting at $0 | No |
Also, TU experts compared trading fees at FXPrimus to those charged by its competitors. Based on the comparison, each broker was assigned a level ranging from low to high.
| Broker | Average commission | Level |
|---|---|---|
|
$8.25 | |
|
$12.6 | |
|
$1 |
Account types
Apart from the demo version, FXPrimus brokerage provides clients with four types of trading accounts. The size of the starting capital depends on the type of account and can range from $15 to $1000.
Before entering the real market, it is recommended to test the strategy, become acquainted with the software's operation, and learn the specifics of performing trading operations on a training account that does not require financial investments. This is an exact copy of a real trading platform with a full range of functions, except that the funds on the balance are virtual.
The broker also provides clients with access to the Forex and CFD markets. There are three main types of trading accounts available to traders:
Traders with any type of trading account have access to a daily market overview, SMS alerts with the most recent news, and personal advice from an experienced analyst. At the same time, phone alerts about current market events are also available on Premium and VIP accounts. Furthermore, VIP account holders can receive a half-hour consultation with a market specialist (available 24/7, Monday through Friday), as well as trading signals.
Each broker benefits from the client being able to conduct as many trades as possible, as efficiently as possible, and FXPrimus has taken care of this. The official website provides up-to-date analytical data and all the necessary basic tools. The Education section also contains a lot of useful and high-quality content.
The client can make a profit both from conducting trading operations independently and through passive trading. The latter is implemented by auto-copying trades. Also, profitable referral programs are available, through which clients can make good money.
FXPrimus trading platforms and services:
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MetaTrader 4 is one of the most well-known trading platforms, whose ease of use and functionality have contributed to its popularity among financial market participants. This trading platform is also popular among traders who trade CFDs and futures. The platform supports the use of pre-written and proprietary software for automated trading. MetaTrader 4 works with all popular operating systems, including Android and iOS, as well as macOS, Windows, and Linux.
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Its web platform is a web-only version of the MetaTrader 4 trading platform offered by the broker that contains a comprehensive set of features and a high level of security. The platform's benefits include the absence of the need to install it on a PC or smartphone/tablet, the ability to trade from any type of account, and a wide range of trading assets.
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The VPS server from FXPrimus is a dedicated virtual server that is hosted by a trader and ensures that the software runs smoothly regardless of the quality of services provided by the internet provider or the power of a PC or mobile device. Efficiency also increases when using automated trading systems because the trader has a constant high-speed internet connection and access to all trading platform functions from any device.
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Platinum API is an exclusive product that provides direct access to the market for clients who want to use the FIX (Financial Information eXchange) protocol that is used to distribute trade and price information among broker-dealers and investment banks for maximum optimization of trading. The minimum deposit is $50,000, and the margin requirement for trading currencies, gold, silver, and oil is only 1%;
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SMS alerts. Clients can receive important market alerts on their mobile phones.
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Trading signals. By connecting trading signals, the trader will always be aware of the market situation.
FXPrimus deserves the attention of both traders and investors. When deciding to work with a broker, it is important to conduct research not only on the trading terms of the company but also on client feedback.
Deposit and Withdrawal
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Funds are withdrawn to the bank account within 2-5 days. The minimum withdrawal amount is $100. Clients can withdraw funds in the following currencies: USD, EUR, SGD, GBP, PLN, and HUF.
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Local bank transfers are processed within 24 hours and can be made in MYR, IDR, VND, and THB. The minimum transfer fee is $50.
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Bank card transactions (Visa/MasterCard) are processed within 5 minutes. The minimum amount is $100. Available currencies include USD, EUR, SGD, GBP, PLN, and HUF.
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The minimum withdrawal amount for e-wallets is $100.
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Processing of the application for UnionPay (CNY) and Bitpay (euro and dollar) is handled within 24 hours.
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Processing of withdrawal operations on Neteller, Skrill, giroPay, Itau, and ecoPayz takes 5 minutes.
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Withdrawal currencies include USD, EUR, GBP, PLN, and HUF for Neteller and USD, EUR, SGD, GBP, PLN, and HUF for Skrill. Clients can withdraw only euros to giroPay, Itau, and ecoPayz, and USD and IDR to Fasapay.
Fees are covered by the broker.
Investment Options
In addition to classic manual trading, the FXPrimus broker offers passive trading options. The company does not provide for investing in PAMM accounts or conventional trust management options. It does, however, provide a passive trading option using auto-copying of trades.
The platform for automatic copying of trading operations is conditionally divided into two types:
"For masters" — provides manual trading as well as passive earnings. This is a great option for professional traders, as the program allows them to demonstrate the effectiveness of their trading strategy to thousands of FXPrimus clients, acquire subscribers, and receive a commission and/or premium for profitable trades.
"For subscribers" — suitable for those who simply want to receive additional passive income. The subscriber can become acquainted with the trading statistics of experienced traders (masters) and select which trades he wants to automatically copy. The masters conduct trading operations using their own assets. This ensures that their investment goals are exactly the same as the subscriber's profit goal.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
FXPrimus’ referral program
Introducing broker (IB). Connecting new clients to FXPrimus allows the partner to get rebates, which are calculated based on the trading volume and/or deposits of clients connected by the partner. The partner gets access to exclusive privileges, as well as the certificate of the introducing broker. In addition, the company provides the partner with a personal manager who will help improve his efficiency as a representative. Personal manager services also include assistance with marketing, the organization of sponsored events, and the handling of a variety of other professional issues.
Affiliate. The partner needs to familiarize traders with the services provided by the company, which makes it possible to receive up to $600 CPA commissions and loyalty rebates. FXPrimus offers some of the best terms of cooperation that will allow its partners to convert traffic into profit. Payments are made daily. Besides that, the partner is provided with a modern reporting system with real-time updates and a wide range of advertising materials aimed at expanding the reach of the target audience. Another advantage is a personal manager who is always ready to assist.
White Label. According to the terms of the program, the broker is ready to take over all the work. While the partner is resting, the traffic is converted into clients. The program also includes an individual reward scheme, a personal website, and effective tools for attracting new clients.
Customer support
The client support service of the FXPrimus broker is ready to advise and assist traders 24/5.
Advantages
- Online chat and call center
- Multilingual support
Disadvantages
- Is not available on weekends
Ways to reach the client support service:
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by phone numbers listed on the website;
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in an online chat on the broker's website;
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using a feedback form.
Contacts
| Foundation date | 2009 |
|---|---|
| Registration address | Kolonakiou 57, Linopetra, 4103, Limassol Cyprus. |
| Regulation |
CySEC, VFSC
Licence number: 261/14, 14595 |
| Official site | fxprimus.com |
| Contacts |
+27 105004213
|
Education
On the official website of FXPrimus, there are dedicated analytical and education sections available, where a trader can find useful materials as well as market analysis tools.
Each of these tools can be tested on a free training account.
Comparison of FXPRIMUS with other Brokers
| FXPRIMUS | RoboForex | Pocket Option | Exness | Octa | IC Markets | |
| Trading platform |
FXPrimus WebTrader, MT4, cTrader, MT5, Mobile platforms, MultiTerminal | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MetaTrader4, MetaTrader5 | MT4, cTrader, MT5, TradingView |
| Min deposit | $15 | $10 | $5 | $10 | $25 | $200 |
| Leverage |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:500 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0.1 points | From 0 points | From 1.2 point | From 1 point | From 0.6 points | From 0 points |
| Level of margin call / stop out |
30% / 30% | 60% / 40% | 30% / 50% | No / 60% | 25% / 15% | 100% / 50% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | Yes | No | No | No | No |
Detailed review of FXPRIMUS
FXPrimus takes a responsible approach to the fulfillment of tasks and obligations to its clients. It provides its cooperating traders with transparent trading terms as well as convenient functionality.
The broker is monitored by two regulators — the Cyprus Securities and Exchange Commission (CySEC) and the Vanuatu Financial Services Commission (VFSC). The company ensures the safety of the client's deposited assets. The client's funds are insured for a total of 5 million euros. Furthermore, there is reliable protection on a technical level due to the use of cutting-edge data security systems.
FXPrimus is the best broker for both novice and professional traders.
The company offers quite favorable terms for its clients. Beginners can practice on a demo account before opening a real one once they've honed their trading skills. Professionals, in turn, can test trading strategies on a training account.
The broker's educational materials, which were compiled by professional traders and market analysts, were highly praised. The company's website contains educational content in a variety of formats, including video guides, a dictionary of Forex terms, and an economic calendar. Reviews from a professional analyst, which are also available on the broker's website, can provide support for traders.
FXPrimus offers its clients a variety of bonus programs, including $2 cash back on each trade and a 100% trading bonus. Professionals can become PAMM masters and get an additional source of income for each trade copied by other users from their trading history.
The broker offers fixed and floating spreads. The first is suited for trading on a Premium account, while the second (from 1.5 to 3.4 pips) is calculated for its Standard account.
Advantages:
low spreads (starting at 0.1 pips) allow the broker's clients to save money on fees;
more than 120 trading assets, including currency pairs, precious metals, petroleum products, indexes, contracts for difference, and cryptocurrencies;
the broker insures each client's funds for up to 5 million euros;
negative balance protection: the established limit in the form of the minimum balance of funds will prevent the trader from losing his deposit;
withdrawals and deposits of funds are free;
a high level of security protects against hacking and cyber attacks by using special software and modern encryption systems with 128-bit keys. With this level of protection, a trader can rest assured that his assets are as safe as if they were kept in a bank deposit box;
the cloud service developed by the company provides high-speed operations;
the broker provides trading signals and SMS alerts so that the trader is always aware of events affecting volatility;
there is the possibility of passive trading due to the automatic copying of professional traders' orders.