|Type of Broker||STP|
|Islamic Account (Swap Free)|
|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|
|Bonus for First Deposit|
|Is the Bonus Based on the Volume of the Transaction?|
|Platform Type||MetaTrader 4|
|OS Compatibility||Mac OS , iOS , Windows , Android|
|Streaming News Feed|
|Trade From Charts|
|Guaranteed Stop Loss|
|Guaranteed Limit Orders|
|Interest on Margin|
|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?|
FX Primus - 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.
Football and Forex, a heady mix, FXPrimus is the official Manchester City football club sponsor.
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.
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.
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 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.
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
It is hard to find fault with FXPRIMUS.com as they are a solid and trustworthy future here for the long term.
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.