Regulation CySEC
Accepts US Clients: No
Min. Deposit: $100
Leverage: 1:500
Platforms: MetaTrader 4

Broker Overview

Company Information

Broker’s Name FXPRIMUS Europe (CY) Ltd
Website https://www.fxprimus.com/
Headquartered in Limassol
Founded in 1999
Regulating Authority CySEC
US Clients Accepted  ForexTradingTime.com_ Forex Brokers List & Reviews
Telephone Number 357 25262084
Fax Number 442033180459
E-mail Address support@fxprimus.com

Account Options

Type of Broker STP
Commission No
Mini Account  ForexTradingTime.com_ Forex Brokers List & Reviews
VIP Account  ForexTradingTime.com_ Forex Brokers List & Reviews
Segregated Account  ForexTradingTime.com_ Forex Brokers List & Reviews
Islamic Account (Swap Free)  ForexTradingTime.com_ Forex Brokers List & Reviews
Demo Account  ForexTradingTime.com_ Forex Brokers List & Reviews
Institutional Accounts  ForexTradingTime.com_ Forex Brokers List & Reviews
Managed Accounts  ForexTradingTime.com_ Forex Brokers List & Reviews
Maximum Leverage 1:500
Minimum Deposit $100
Deposit Options Bank Wire Transfer , China UnionPay , ClickandBuy , FasaPay , Neteller , Payoneer , Skrill , Bitcoin , Wallet1
Withdrawal Options Bank Wire Transfer , China UnionPay , ClickandBuy , FasaPay , Neteller , Payoneer , Skrill , Bitcoin , Wallet1

Bonus & Rewards

No Deposit Bonus ForexTradingTime.com_ Forex Brokers List & Reviews
Bonus for First Deposit  Yes
Is the Bonus Based on the Volume of the Transaction? Yes
Other Bonuses Yes

Trading Platform

Platform Type MetaTrader 4
Platform Languages English
OS Compatibility Mac OS , iOS , Windows , Android
Streaming News Feed  Yes
Trading Signals  Yes
Automated Trading Yes
Trade From Charts  Yes
Market Commentary  Yes
E-mail Alerts Yes
Mobile Alerts  Yes
Scalping Yes
Hedging  Yes
Trailing Stops  Yes
Guaranteed Stop Loss  Yes
Guaranteed Limit Orders  Yes
Guaranteed Fills Yes
Interest on Margin  No
One-Click Execution  Yes
OCO Orders No

Customer Service

Customer Support Languages English, Spanish, Russian, French, Arabic, Polish, Chinese, Hungarian, Korean, Malaysian, Tagalog, Thai, Vietnamese
Customer Service Hours 24h
Place Trades Over the Phone?  Yes

FX Primus - Review

FXPrimus Review:


 

When a broker places their emphasis on transparency, security and performance under a tight net of regulatory structure you know you’re on to a winner. Established by retail traders FXPRIMUS.com is regulated across the globe and has spread its reach across more than 200 countries around the world.

FXPrimus acts as an STP (Straight Through Processor), meaning it passes the trades on to third party liquidity providers. One of the biggest conflicts of interest in Forex is trading with a broker that takes the other side of the trade. This means the broker wins when you lose. It’s not a good environment to trade under.

FXPrimus1

Football and Forex, a heady mix, FXPrimus is the official Manchester City football club sponsor.

 

FXPrimus2

Trading Platforms


FXPrimus over a choice of MetaTrader4, the industry standard platform and the Sirix Web Trader, the go-to white label web platform. Additionally they offer mobile trading as is now the norm in the industry. They also feature a console platform called MyFX which piggybacks off of the MT4 and is  a simple user friendly platform that strips all the noise from the platform leaving a clear user interface.

 

Additional trading products include Autochartist, chart recognition software which can help you identify trades, entry and exit points and the economic calendar which identifies events and indicators which can prompt trading opportunities.

 

FXPrimus3

Types of Trading Accounts


 

 

As with most Forex brokers, FXPRIMUS.com offers their clients the opportunity to test-drive their system. There is a demo account which allows traders to trade with $50,000 virtual money. And if they feel comfortable with the system, they can open up a trading for as little as $250.  Trading accounts are separated into “Individual Account”, “Joint Account” and “Corporate Account”.

 

Commissions and Spreads

With FXPRIMUS.com, traders are assured of only being charged the tightest possible spreads. One of the lowest spread with FXPRIMUS.com is the EUR/USD currency pair which cost traders only 1.2 pips to trade through the ECN account or 2.5 pips on the variable account.

 

Customer Service

In addition to the English language, FXPRIMUS.com’s website comes in a huge selection of languages which almost span the whole globe. If ever you are in need of their technical support, you have the option to contact by live chat, email or by phone.

 

Reliability

Reliability of a broker comes in many forms. One aspect is how the broker tackles the issue of funding and withdrawal of profits. With FXPRIMUS.com, one has the options to transfer funds with credit cards, ClickandBuy, Payoneer, local deposits in 47 countries and wire transfer. As for withdrawals, apart from the above mentioned, traders also have the option to withdraw their money to FXPRIMUS.com Prepaid MasterCard, a payment solution provided by PAYONEER.

 

 

FXPRIMUS.com as an STP broker means all your trades are immediately processed.  FXPrimus is regulated by major authorities across Europe, these include Cysec, Bafin and more.

 

Pros

To recap, the advantages of trading with FXPRIMUS.com are:

 

  • They are a STP broker which means no dealing desk
  • Have no hedging restrictions
  • Offer trading opportunities for other assets and not just Forex
  • Low spreads
  • Reliable MT 4 trading platform
  • High Leverage of 1:500
  • Regulated by the Financial Services Commission (FSC) Mauritius
  • Low minimum deposit requirement
  • Efficient 24 hours Customer Support
  • Free real-time market news provided

 

Cons

It is hard to find fault with FXPRIMUS.com as they are a solid and trustworthy future here for the long term.

 

Conclusion

As mentioned earlier, FXPRIMUS.com was established by retail traders which means they come from a place of understanding of what the trader expects and requires. Their offering is comprehensive and we can find no fault with this quality broker.

 

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