FXPRIMUS Review – A Safe, Reliable Online Broker

Why Trade with FXPRIMUS:

  • 130+ trading instruments
  • Low latency trading
  • Spreads from 0 pips
  • Excellent educational materials
  • Negative balance protection
  • Advanced client fund safety protocols
Join Now

FXPRIMUS is an award-winning online trading broker. Its main goal is to offer its clients a safe and enjoyable online trading experience . As such, it has over 130+ instruments available to trade including Forex, commodities, and equities. Traders also benefit from competitive spreads starting at 0.1 pips, fast execution, and international and local funding methods. FXPRIMUS also aims to market-leading educational, practical, and technical support . Therefore, traders benefit from excellent trading support and a high level of client fund security as well.

About FXPRIMUS

Regulation

FXPRIMUS has several registrations and licenses. It is regulated by CySEC, with license no. 261/14 and registration number HE 337614. It is also regulated by the VFSC, with registration no. 14595; and by the FSCA, with license no. 46675.

Fund Safety

The company holds indemnity insurance of $2.5 million. It keeps client funds in segregated bank accounts and therefore separate from its own. Its also offers clients Negative Balance Protection to minimize risk. Additionally, Boudica Trust, a third-party vendor oversees all fund withdrawals.

Platforms

FXPRIMUS lets you trade on MT4 — the gold standard of trading platforms. MT4 is a great platform that offers countless tools for both novice and professional traders. MT4 is available on PC. It is also available on iOS, Windows and Android apps. That means you can trade whenever you need to, wherever you are, with little more than an internet connection and compatible device.

Account Types

FXPRIMUS offers two main account types – the FXPRIMUS Variable Account and the FXPRIMUS ECN Premium Account. The Variable Account gives you access to everything you need to make informed trading decisions, including free educational materials and a wide range of exclusive trading tools. It also comes with commission-free trading. The ECN Premium Account gives you all of the benefits of Variable Account, as well as trading signals, SMS alerts, and weekly training seminars. It also comes with tighter spreads that start from 0.1 pips.

 SpreadsInstrumentsMinimum DepositMax. LeverageCommission  
MicroFrom 1 pipAll Available$101:500$4 per lot on Majors, $6 per lot on Others.
VariableFrom 1 pipAll Available$1001:500$4 per lot on Majors, $6 per lot on Others.
ECNFrom 1 pipAll Available$5001:500$4 per lot on Majors, $6 per lot on Others.
VIPFrom 1 pipAll Available$100001:500$4 per lot on Majors, $6 per lot on Others.
Premium ECNFrom 1 pipAll Available$250001:500$4 per lot on Majors, $6 per lot on Others.

Minimum Deposit

The minimum deposit at FXPRIMUS varies by account type.

Variable Account – $100,
ECN Premium Account – $500.

Deposits & Withdrawals

FXPRIMUS accept many payment methods including debit cards, credit cards, bank wire transfers, Neteller, Skrill, and Trustpay. The process is generally very quick and easy. That said, both deposits and withdrawals are subject to certain minimum requirements and it is important you check their terms and conditions before funding your account.

Trading Tools

At FXPRIMUS you can find a variety of tools to assist with your trading. Sign up for SMS alerts that provide you with market news and updates. Take advantage of advanced trading for the MT4 platorm and get a Forex VPS to reduce latency while you trade. They are also offering Premium ECN accounts which have a 50% reduction in commission when opening and closing trades.

Education

At FXPRIMUS you can find a variety of educational materials to help you improve your trading. You can take advantage of their free online video tutorials, You can also use their free expert market analysis to help you with your trading plans. If you are looking for face-to-face training, you can also sign up for one of FXPRIMUS’ free seminars. The seminars are open to anyone interested in learning more about online trading. You can find their list of upcoming seminars online and, if there is one nearby, you can register for a place online.

Extra Trading Services

FXPRIMUS offers VPS services. This means you can benefit from lower latency, faster execution, and less slippage. It is important to note that the VPS cost $30 per month and are only available to clients with at least $500 in their account.

Documents

As part of the account opening process, you need to provide FXPRIMUS with certain documents. These include a proof of ID and a proof of address. There is a limited list of documents that FXPRIMUS accepts. These include copies of your passport, driver’s licence, recent utility bills or bank account statements.

Support

The FXPRIMUS Support Team is available via live chat, email, or phone. You can also get in touch with them using the contact us form on their website.

Support Number:
‎+357 25262084 (Cyprus)

Email Address:
[email protected] (General)

Conclusion

FXPRIMUS is a market-leading forex broker that offers a high level of trading support and client fund safety. Its high quality education materials and market analysis make it a suitable choice for new traders. Similarly, its excellent trading conditions and advanced trading technology make it a good choice for experienced traders as well.

Looking for more reviews? Check out our list of broker reviews.