As a member of the PRIME Group, they have grown over the years to become a global supplier of trading solutions, providing a diverse range of products and services to meet the requirements of traders worldwide. Always ensure compliance with regulatory policies, as some regulations mandate that withdrawal methods match the initial deposit method. It helps the users to manage several trades, put a stop loss, and take profit from the good trades made by the users. FXPrimus resides under multiple financial regulators such as CySEC, VFSC and FSCA, making it one of the most well-regulated brokers on the market today.
Numerous national investor protection funds exist that will kick in for another layer of liquidity in case of capital issues. Cryptoasset investing is highly volatile and unregulated in some EU countries. This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. You can trade a wide variety of instruments with FXPrimus over 130 instruments in fact.
Typically, brokers charge an inactivity fee if an account remains dormant for six months or more, known as the FXPrimus Inactivity fee. Nevertheless, FXPrimus covers deposit and withdrawal charges, which will be detailed further in this review. Established in 2009, FXPRIMUS has grown into a global presence, extending its reach across Europe, Asia, and Africa, amassing a trader base of over 300,000. Headquartered in Limassol, Cyprus, FXPRIMUS operates under the FXPrimus Group, encompassing three main brands.
With CFDs, FXPrimus traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset. The next step involves submitting identification documents for FXPrimus account validation and making a deposit. Once completed, FXPrimus users can download the trading platform of their choice. To open a trading account with FXPrimus, individuals can sign up on the FXPrimus website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.
We do not give this broker a full star rating because only the MetaTrader 4 is offered and the spreads are a little bit higher than with popular competitors. Modern brokers like FXPrimus provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, FXPrimus may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall FXPrimus trading profitability. FXPrimus caters to a wide array of traders by offering a variety of account types, showcasing its commitment to meeting the diverse needs of both novice and professional traders.
FXPrimus makes available both Live and Demo accounts for traders seeking either real market experience or a practice environment to familiarize themselves with the platform. The account offerings are categorized by investment size, with the understanding that spreads decrease as the trading volume in a higher account tier increases. Additionally, FXPrimus provides traders the option to engage in Micro Account trading, allowing for the trading of Micro lots. Moreover, the Premium Account offers additional services such as weekly financial trading seminars and boasts the lowest spreads. Furthermore, FXPrimus offers an Islamic Account, or Swap-free account, permitting traders of the Islamic faith to participate in trading without incurring swap charges or experiencing spread widening.
FXPrimus does not offer research and functions as an execution-only broker. Given the wealth of free and paid-for research available online, I do not consider its absence a negative. While it creates a services gap with many competitors, FXPrimus maintains a competitive environment suited for advanced high-frequency traders who do not require research. I rank trading costs among the most defining aspects when evaluating an exchange, fxprimus review as they directly impact profitability. FXPrimus offers traders commission-free Forex trading with either spreads or a highly competitive commission-based alternative.
The availability of comprehensive educational resources underscores FXPrimus's commitment to trader success, earning a rating of 4.5 out of 5. These resources are designed to cater to both novice and experienced traders, ensuring a well-rounded educational experience. Every trader or investor will receive a demo amount of approximately $50,000. Therefore, they can quickly learn different trading strategies, price action movement, and several other aspects without much problem. To excel in trading, one has to be good at charting and analysis goes hand in hand. Keeping in mind the importance of charting and analysis FXPRIMUS has launched the system of educating its users through the variety of tools offered by its platform.
Despite the network's complex operations, FXPRIMUS's analytical tools enabled the identification of irregularities and immediate response, preventing further exploitation. Addressing negative publicity, Georgiades has reaffirmed FXPRIMUS' commitment to maintaining the trust it has built with its clients over the years. Please note that the list of payment methods below depends on the FXPrimus Entity and the client's Country of Residence. If you're interested in comparing FXPrimus against other popular brokers in the industry, check out our FXPrimus Vs pages. Our team has compiled a series of detailed FXPrimus comparison articles, pitting the FXPrimus platform against some of the best-rated FXPrimus competitors in the market. Dive into our informative FXPrimus Vs pages below to find out how FXPrimus stacks up against other leading brokers.
The FXPrimus MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the FXPrimus platform to their needs. One of the standout features of MT4 is its charting functionality, which allows FXPrimus traders to analyze price movements and make informed trading decisions. FXPrimus excels in customer support, providing prompt and efficient assistance throughout the account opening process, trading, and general service inquiries.
I had a great experience with your support, and I truly appreciate your professionalism and quick assistance. They are a testament to the ongoing effort by FXPrimus to maintain a competitive edge for its clients. I recommend beginners read them to understand some basics before enhancing their education with trusted third-party sources available online free of charge. However, there are some posts in forex forums that inform about ‘fake and unreal spreads’ and poor bonus practices. Asktraders is a free website that is supported by our advertising partners.
The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment. Please be aware that trading in financial assets with FXPrimus carries a risk of loss.
The broker's Market Range Score is rated at 7.8 out of 5, acknowledging the good selection of instruments under favorable conditions and low costs. However, it is important to note that trading is restricted to FX and CFDs, and available instruments may differ by jurisdiction. FXPRIMUS offers approximately a 100% bonus on the deposit, which is indeed one of the plus points of this online brokerage platform.
Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.
