FX Primus Guide – Read our In-Depth FX Primus Review
This FX Primus review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this FX Primus review does not apply to US users.
If you're a new entrant in the realm of trading and broker, so many facts will be perplexing for you. Getting into the area of trading requires expert assessing skills and comprehensive understanding. You'll get adept at all of the concepts of brokerage as you keep trading. For starters, you need to choose the ideal agent who will be transparent with you constantly.
Within this fast-paced world of stock markets and trading, you will need advice to make correct decisions. A professionally direct investment program will generate hefty returns. FX Primus is just one such stage which will take you and your investment into great heights. It's important to know about FX Primus before you trust them with your cash.
Our entire FX Primus Review covers all you need to know about trading using FX Primus. A good broker can multiply your initial investments and provide you favorable profits. If you want to earn profits, you should trade with a broker service that aligns with your investment objectives.
There's absolutely no sure-fire method to ensure profits; therefore, you should carefully analyze your broker before you select them. It's a frequent misconception that all brokers will be the same, but that's not true. Wrong judgment, initially, can put your investments at risk.
FX Primus is a broker which has paved its way successfully to the broker world. In this review, we have tried to collate a number of the important aspects of FX Primus. This review will help you to understand whether FX Primus is a good match for your investments or not. We've attempted to breakdown all the features and charges for your advantage.
FX Primus Review, Table Of Contents
- Who are FX Primus?
- Benefits Of Trading With FX Primus
- Everything you should know about trading with FX Primus
- Is FX Primus Safe To Trade With?
- Pro's & Con's Of Trading With FX Primus?
- Compare Brokers Similar To FX Primus
- Regulation And Licencing In More Detail
- FX Primus Awards
- Minimum Deposit Required For A Live Account With FX Primus
- FX Primus Commission And Fees Explained
- Compare broker fees against FX Primus
- FX Primus Withdrawal Fees Explained
- FX Primus Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With FX Primus?
- Alternatives To FX Primus
- Frequently Asked Questions About FX Primus
Who are FX Primus?
FX Primus is a forex broker headquartered in Cyprus and provides a range of tools for online trading. Since its establishment in 2009, FX Primus has emerged as a top-tier player in the industry of online brokerage. FX Primus has an extremely aggressive and full-featured trading site that's focused on forex, indices, metals, stocks , commodities.
Over the past 12 years, FX Primus has grown into one of the leading online brokers.
After launching in 2009, their client base is becoming as big as 10,000+ clients.
FX Primus is the favorite for many dealers.. Our FX Primus review discovered that they're an excellent choice for automated trading solutions. It is most appropriate for investors who are looking for an assortment of assets. Social and automated trading solutions are the heart at FX Primus.
Technology plays a significant role in FX Primus. FX Primus offers trading on MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps. FX Primus is fair, transparent, and also a well-regulated agent by the Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID). Their outstanding array of tools will be beneficial for most traders. Third-party partnerships also provide in-house research.
The trader resource section at FX Primus is quite insightful for new traders as it permits them to have a closer look at the financial markets. FX Primus caters to all types of traders and are a must-have broker for almost any well-diversified method of online trading.
If you feel that FX Primus is not right for you then at the bottom of this FX Primus review you wil find a lot of alternatives to FX Primus.
What you ought to know about trading with FX Primus
FX Primus is a lively platform that offers various procedures of online trading. These instruments cover the financial markets considerably. The Majority of the broker platforms offer less approaches than FX Primus
If you would like to trade with FX Primus, you'll need a minimum deposit of $100. This deposit is mandatory if you would like to begin trading using FX Primus. This 2021 FX Primus review will direct you safely about trading with them.
FX Primus is as versatile as another broker platform. FX Primus is ideal for traders who want a manageable variety of low-cost services. The platforms supplied by FX Primus are third-party, white-label offerings. All traders can select out of MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps.
Together with everything, FX Primus has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time over which a transaction must be kept open. The agents offer premium client service that rewards customers with benefits.
Many unprofessional brokers try to pressurise consumers into bigger funding for superior services. FX Primus, on the other hand, is much more focused on trading volume. Traders can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the user, the further advantages will come along.
FX Primus accounts are available all over the world and provides quality service everywhere they have clients. There are some select few countries where FX Primus accounts are not available. Traders in the following countries cannot open or use a FX Primus account:
Is FX Primus Safe To Trade With?
Launched in 2006, FX Primus has been in operation for 12 years, they are headquarted in Cyprus.
FX Primus is regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID). These figures have rules that mandate that trading platforms have measures in place to maintain investor's assets procured. This means that FX Primus users don't need to be worried about their money since it's segregated and safely kept in banks that are established. SSL encryption simplifies each user's private information also.
You are able to make use of an option for 2 Factor Authentications (2FA) with FX Primus for heightened safety. An SMS for the verification code will be sent to a phone. You'll be required to input this code to log into your account.
Another concern with fiscal brokers is in respect to security might be manipulation of trading. This is highly disadvantageous to users on these platforms. However, this is more widespread in the case of Market Maker brokers who compete with users on the stage.
Pro's & Con's Of Trading With FX Primus
Every online trading platform has some ups and downs, and no FX Primus review would be complete without showing both sides. This FX Primus review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
FX Primus Pro's
- FX Primus is trusted by 10,000+ clients
- FX Primus doesn't charge inactivity fees
- FX Primus doesn't charge CFD fees
- FX Primus offer trading on MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps
- FX Primus offer 100 trading instruments
- FX Primus trades major forex pairs
- FX Primus trades minor forex pairs
- FX Primus trades exotic forex pairs
- FX Primus can communicate in English, Spanish, Indonesian, Chinese, Thai, Vietnamese, Hungarian, and Malaysian
FX Primus Con's
- FX Primus does not offer Negative Balance Protection
- FX Primus does not offer Guaranteed Stop Loss
- FX Primus charge withdrawal fees
- FX Primus charge deposit fees
- FX Primus doesn't offer trading on cryptocurrencies
FX Primus Review - Compare Brokers Similar To FX Primus
|FX Primus||Chase Bank||Eightcap||EverFX|
|Headquarters||Cyprus||United States||Australia||Cayman Islands|
|Regulated By||Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)||Australian Securities and Investment Commission (ASIC)||Australian Securities and Investment Commission (ASIC)||Cayman Islands Monetary Authority (CIMA)|
|Find Out More|
|Risk Warning||Losses can exceed deposits||Your capital is at risk||Losses can exceed deposits||Your capital is at risk|
FX Primus Review - Regulation And Licencing In More Detail
FX Primus is regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID).
FX Primus, as a company, has a powerful set of rules for ensuring honest trading on its own platform. For information encryption functions, it supplies an industry-standard secure socket layer (SSL).
In accordance with the organization's privacy regulations, customer data is never to be shared with some other institutions or individuals. This includes credit history and other financial information.
FX Primus Review - Awards
- At the time of writing this FX Primus review, they had not received any awards.
FX Primus Review - Minimum Deposit Required
The minimum deposit that you need to begin on FX Primus is $100. This is a decent amount for those just beginning. It's possible to create more complex deposits as you go along. However, ensure you know how to make the most of your money before investing in larger sums.
FX Primus Review - Commission And Fees Explained
FX Primus is an online brokerage platform, and most online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled better. That is, an online broker is not necessarily influenced by the amount of clients they have.
However, this doesn't mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to make money. There are primarily 3 different types of fees for this objective.
The first kind of charges to keep an eye out for are trading fees. Whenever you make an actual trade, like purchasing a stock or an ETF, you're charged trading fees. In these instances, you are spending a spread, financing speed, or a commission. The sorts of trading charges and the rates differ from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the other hand, a spread denotes the gap between the buying and selling price. Funding or overnight prices are people that are charged when you maintain a leveraged position for longer than a day.
Apart from trading charges, online brokers also bill non-trading fees. These are dependent on the activities you undertake in your account. They are billed for surgeries like depositing cash, not investing for lengthy periods, or withdrawals.
In general, FX Primus doesn't charge high fees in comparison to other online brokers. For operations other brokers fee for, they either do not charge a brokerage fee, or they charge a lesser amount. This can be beneficial for those who often exchange, for example weekly or daily trading.
But, non-trading fees billed by FX Primus are relatively lower. As a result, you are charged more for non-trading activities in your trading account, like withdrawal and deposits. These aren't about the purchase and sale of assets.
This FX Primus review breaks down every one of the applicable non-trading fees for you in detail.
Compare broker fees against FX Primus
|FX Primus||Chase Bank||Eightcap||EverFX|
FX Primus Review - Withdrawal Fees Explained
FX Primus charges a withdrawal fee if you create a bank transfer. Every time you transfer money back into your bank accounts, these withdrawal fees become applicable.
Withdrawal of cash is possible at any time from the FX Primus account. It's possible to withdraw up sums to the amount of your account balance, keeping aside the margin used. 1 thing to keep in mind is that you don't always need to have any cash on your accounts.
In addition, the withdrawn money will be moved directly to the accounts you use to create deposits. Thus, in the event that you used a credit card for deposits, the withdrawn money will be sent into the card. FX Primus will ask you to provide other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In case you're withdrawing cash in different currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the money you're choosing to draw in.
FX Primus Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of the buzzing questions that run through your mind while open an account with FX Primus. An inactivity fee is an amount charged to registered dealers that have not participated in buying or selling for some time. The period considered inactive is determined by the broker.
The inactivity fee differs from one broker to another and is not standardized. If a dealers account does not have a purchasing or selling trade, it's maintained by the broker as an inactivity fee. The traders have to pay this commission under conditions and terms they had agreed while registering.
FX Primus doesn't charge inactivity fees so you are free to pop in and out of your account as needed
Even if no fees are implied by FX Primus, it's better that you close the account if you're inactive. Inactivity fees aren't just charged by brokerage firms but also many financial services.
For additional trading platforms, the inactivity fee depends upon the type of account you have chosen. The inactivity fee is subjected to a lot of conditions and should be revealed clearly by the agent beforehand.
FX Primus Review - Deposit Fees Explained
When you move money in your trading account by the bank account, a deposit fee can be charged by the broker. Most brokers do not charge an excessive amount of money for this particular operation.
FX Primus charges a deposit fee for transferring money into your trading account.
Depositing money on the FX Primus trading platform is simple. You just need to finish a single-user profile survey to start depositing money into your trading account. You will have to give an identity evidence and evidence of residency to deposit substantial sums.
FX Primus Review - Compare Broker Deposit Methods
|FX Primus||Chase Bank||Eightcap||EverFX|
What Can You trade With FX Primus?
Note: FX Primus provides a lot of different trading instruments due to regulatory restrictions in various countries. Trading instruments offered will differ based on the country of residence of the client.
FX Primus has a wide variety of over 100 instruments available for you to trade with.
If trading forex pairs is of interest to you then FX Primus offer over 45 forex pairs.
Compare FX Primus, Chase Bank, Eightcap & EverFX below.
Alternatives To FX Primus
If, after studying this FX Primus review, FX Primus doesn't quite fulfill your needs check out these FX Primus alternatives.
We've scoured the web to find the best alternatives to FX Primus. Click on the hyperlinks below to find out more.
Frequently Asked Questions about FX Primus
Can I try FX Primus before I buy?
Yes, you can most definitely try FX Primus before you buy. FX Primus offers demo accounts for the ease of new traders. You can use this feature to build your faith in the system as well as yourself and your trading strategies.
If you sign up for a demonstration account on FX Primus, you will set out with a decent amount of virtual currency. It is to establish a sense of safety and confidence in you before you decide to invest your own money.
With this digital FX Primusdemo account, you are able to experiment in any way, to whatever length you wish. You might even open positions, examine different trading strategies, and more.
FX Primus specifies on its official site that you are able to trade real time stocks with your demo account.
Is FX Primus safe?
You can drop all of your worries since we believe that FX Primus is totally safe to use. It is in compliance with the principles of Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID).
Even so, FX Primus doesn't provide assured stop-loss protection.
Why does FX Primus ask for my passport?
The reason that FX Primus asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, FX Primus has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, FX Primus must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with FX Primus?
The process to start trading withFX Primus is perhaps simple enough to be a cakewalk. You need to begin by signing up on the FX Primus website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with FX Primus is $100. You should have a good hold over the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with FX Primus.
The best way to kickstart your trading career with FX Primus is to open a demo account facility before risking any real money
What funding methods do FX Primus accept?
There are a number of methods to finance your account with FX Primus. The process is effortless and quick, with various payment methods in your fingertips.
You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing money. You must bear in mind that PayPal isn't available in every country. The currencies FX Primus
Is my money safe with FX Primus?
Yes, your money is safe and secure with FX Primus. As you already know, FX Primus operates with proper conformation to. It's established lots of steps to guard all its own investors.
FX Primus protects its customers' personal and sensitive data under SSL encryption. Your funds will be retained highly secure in top-tier banks.
If you want to further protect your account, it is possible to enable Two-Step Verification also. It requires an SMS affirmation for you to get your accounts.
Is FX Primus trading good?
Yes, trading through FX Primus is a pleasant and decent experience indeed. It's an excellent and intuitive platform with useful features for your simplicity. In addition, you could even obtain access to a vast selection of educational resources and assistive substance to kickstart your trading expertise.
If you remain skeptical, you can open a eToro demo account and evaluate the credibility of the platform for yourself.
Which Countries does FX Primus support?
FX Primus operates around the world. However, due to regulations there are some countries that FX Primus cannot accept clients resident in
Is FX Primus legit?
FX Primus is a legit company headquarted in Cyprus since 2009. They are regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID). FX Primus is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is FX Primus a good broker?
FX Primus is a great broker, and its own users can vouch for it. The highlight of this platform is its quick order execution on trades.
You'll find the clean design of this platform and the commendable features that a pleasure to work with.
Is FX Primus a trustworthy broker?
Yes, FX Primus is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for FX Primus?
The minimum deposit to open a live account with FX Primus is $100
How long do FX Primus withdrawals take?
Normally, withdrawal of money from FX Primus is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from FX Primus to show in your bank account.
Are FX Primus regulated?
FX Primus are regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)
Is FX Primus a market leading broker?
FX Primus is indisputably one of the industry leaders. It has over 10,000+ registered customers and over 12 years of experience on its record. They are one of the world's top trading platforms and also a prominent figure in the Fintech revolution.
It simplifies this status to its incredible platform and broad selection of resources plus tools so you can put money into capital markets.
Is FX Primus a con?
No, FX Primus is not a con. They are regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) and must adhere to their rules. Thus, it is safe to say that FX Primus is not a scam.
Can you make money with FX Primus?
Using FX Primus, many traders make a great deal of money. But typically, through continual trading, you can create between 2% - 10% profit a month.
This may seem to be a small number, but within the year, this adds to a substantial number of gains. While FX Primus supply you all of the tools to earn money, they can't guarantee you will gain.
Does FX Primus have fees?
Yes. To start trading using FX Primus, you have to deposit $100. Particular commissions while trading additionally apply. Any processing fees from your bank will have to be incurred by you.
When was FX Primus founded?
FX Primus was founded in 2009 in Cyprus. FX Primus is regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID).
How many people use FX Primus?
FX Primus is a worldwide recognised broker with 10,000+ clients.
Where is the FX Primus head office?
FX Primus has its head office in Cyprus
Does FX Primus offer negative balance protection?
Does FX Primus offer guaranteed stop loss?FX Primus unfortunately, doesn't offer guaranteed stop loss. FX Primus gives an opportunity for its dealers to close their trades in their given price. Aside from that, FX Primus does not offer guaranteed stop loss.
Does FX Primus allow scalping?Yes, FX Primus do permit scalping. Many traders throughout the world choose FX Primus for their scalping services. They offer trading on MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps which let this.
Does FX Primus allow hedging?
Yes, FX Primus does allow hedging.
Can you trade energies with FX Primus?
Yes, you can trade energy stocks with FX Primus
Can you trade agricultural shares with FX Primus?
No, unfortunately you cannot trade agricultural stock with FX Primus
Can you trade cryptocurrency with FX Primus?
No, unfortunately you cannot trade cryptocurrency with FX Primus
Can you trade metals with FX Primus?
Yes, you can trade metals with FX Primus
Can you trade UK Shares with FX Primus?
Yes, you can trade UK shares with FX Primus
Can you trade US Shares with FX Primus?
Yes, you can trade US shares with FX Primus
Can you trade Japanese Shares with FX Primus?
No, unfortunately you cannot trade Japanese shares with FX Primus
Can you trade German Shares with FX Primus?
Yes, you can trade German shares with FX Primus
Does FX Primus accept bank transfers?
Yes, FX Primus accepts bank transfers for depositing money.
Does FX Primus accept credit cards?
Yes, FX Primus accepts credit cards for depositing money.
Does FX Primus accept PayPal?
No, FX Primus does not accept PayPal.
Does FX Primus accept Skrill?
No, FX Primus does not accept Skrill.
Does FX Primus accept Payoneer?
Yes, FX Primus accepts Payoneer for depositing money.
Does FX Primus accept Neteller?
Yes, FX Primus accepts Neteller for depositing money.
Does FX Primus offer Live Chat customer support?
Yes, FX Primus offers customer support through live chat.
Does FX Primus offer phone customer support?
Yes, FX Primus offers customer support over the telephone.
Does FX Primus offer email customer support?
Yes, FX Primus offers customer support through email.
What languages can FX Primus communicate in?
FX Primus has the ability to communicate and support customers who speak: English, Spanish, Indonesian, Chinese, Thai, Vietnamese, Hungarian, and Malaysian
Does FX Primus have a wikipedia page?
No, FX Primus does not have an official wikipedia page.
Does FX Primus offer demo accounts?
Yes, FX Primus offers demo accounts so you can learn their systems before risking any real money.