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 are a new entrant in the realm of trading and broker, so many details will be confusing for you. Getting into the world of trading demands expert analyzing skills and comprehensive knowledge. You will acquire proficient at all the concepts of broker since you continue trading. For starters, you need to select the right broker who'll be transparent with you constantly.
Within this fast-paced universe of stock markets and trading, you will need advice to make proper decisions. A professionally direct investment program will create hefty returns. FX Primus is just one such platform that will take you along with your investment into great heights. It is crucial that you understand all about FX Primus until you trust them with your cash.
Our full FX Primus Review covers everything you need to learn about trading using FX Primus. A fantastic broker can multiply your first investments and give you positive profits. If you want to earn profits, you must trade with a broker service that aligns with your investment objectives.
There's absolutely no sure-fire method to guarantee profits; therefore, you must carefully analyze your agent before you choose them. It's a common misconception that all agents will be the same, but that's not correct. Wrong judgment, in the beginning, can set your investments at risk.
FX Primus is a broker that has forged its way successfully to the broker world. In this review, we have attempted to collate a number of the important aspects of FX Primus. This review will allow you to know whether FX Primus is a fantastic match for your own investments or not. We have tried to breakdown all of the qualities and charges for your convenience.
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 inception in 2009, FX Primus has emerged as a top-tier player in the field of online brokerage. FX Primus has a highly aggressive and full-featured trading site that's focused on currency, indices, metals, stocks and commodities.
Over the past 12 years, FX Primus has grown into one of the leading online brokers.
After launching in 2009, their client base has become as big as 10,000+ clients.
FX Primus is the favorite for many traders.. Our FX Primus review found that they are an excellent choice for automated trading solutions. It is best suited for investors who are searching for an assortment of assets. Social and automated trading options are the core 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 honest, transparent, and also a well-regulated agent by the Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID). Their outstanding variety of tools will be beneficial for the majority of traders. Third-party partnerships also supply in-house research.
The educational section at FX Primus is quite enlightening for new dealers as it permits them to have a closer look in the financial markets. FX Primus caters to all sorts of traders and are a must-have broker for any well-diversified method of 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 using FX Primus
FX Primus is a dynamic platform that offers various procedures of trading. These instruments cover the monetary markets substantially. Most of the broker platforms provide fewer methods than FX Primus
If you want to trade with FX Primus, you will require a minimum deposit of $100. This deposit is required if you wish to begin trading with FX Primus. This 2021 FX Primus review will direct you clearly about trading with them.
FX Primus is as versatile as another broker platform. FX Primus is excellent for traders who want a manageable variety of cheap services. The platforms offered by FX Primus are third party, white-label offerings. All traders may pick out of MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps.
Along with everything, FX Primus has multiple benefits to new and verteran traders and should be investigated. There is no minimum time on which a trade has to be kept available. The brokers provide premium client service that rewards customers with benefits.
Many unprofessional brokers attempt to pressurise users into bigger funding for premium services. FX Primus, on the other hand, is more concentrated on trading volume. Dealers can expect trading conditions to be just, honest and transparent. The more lots traded by the consumer, the greater benefits will come along.
FX Primus accounts are available all over the world and provides excellent service wherever 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 2009, FX Primus has been operating 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 make sure that trading platforms have steps in place to maintain investor's resources procured. This means that FX Primus users do not need to worry about their money as it is segregated and safely stored in established banks. SSL encryption simplifies each user's personal information as well.
You can make use of an option for 2 Factor Authentications (2FA) with FX Primus for increased safety. An SMS for the verification code will be sent to your mobile phone. You will be required to enter this code to log into your account.
Another concern with fiscal brokers with regards to safety might be manipulation of trading. This is highly disadvantageous for consumers on these platforms. However, this is much more prevalent in the case of Market Maker agents who compete with customers on the stage.
Pro's & Con's Of Trading With FX Primus
Every online trading platform has some pros and cons FX Primus review would be complete without having a balanced approach. 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||Markets.com||Ayondo||IC Markets|
|Regulated By||Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)||Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)||Financial Conduct Authority (FCA)||Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)|
|Find Out More|
|Risk Warning||Losses can exceed deposits||84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.||Losses can exceed deposits||Losses can exceed deposits|
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 onto its own platform. For data encryption functions, it provides an industry-standard secure socket layer (SSL).
As per the company'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 you need to begin on FX Primus is $100. This is an adequate amount for those just starting out. You can create more advanced deposits as you cooperate. But, make certain that you know how to make the most of your money before investing in larger amounts.
FX Primus Review - Commission And Fees Explained
FX Primus is an online broker platform, and many online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the businesses of online brokerages are scaled much better. In other words, an internet broker is not necessarily affected by the amount of clients they have.
However, this doesn't necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to earn money. There are mainly 3 different types of fees for this objective.
The first kind of charges to look out for are trading charges. When you make an actual trade, like buying a stock or an ETF, you are billed trading fees. In these instances, you're spending a spread, financing speed, or even a commission. The sorts of trading fees and the prices differ from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the other hand, a spread refers to the difference between the buying and selling cost. Financing or overnight rates are those that are charged when you hold a leveraged position for longer than daily.
Aside from trading charges, online agents also bill non-trading fees. These are dependent on the activities you undertake in your account. They're charged for surgeries like depositing cash, not trading for long periods, or withdrawals.
In general, FX Primus does not charge high fees compared to other online brokers. For operations other agents charge for, they do not charge a brokerage fee, or they charge a lesser amount. This can be beneficial for people who often trade, such as weekly or daily trading.
But, non-trading fees charged by FX Primus are comparatively higher. As a result, you are charged more for non-trading activities in your trading accounts, such as withdrawal and deposits. These are not related to the sale and purchase 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||Markets.com||Ayondo||IC Markets|
FX Primus Review - Withdrawal Fees Explained
FX Primus charges a withdrawal fee when you make a bank transfer. Each time you move money into your bank accounts, these withdrawal charges become important.
Withdrawal of cash is possible at any moment from your FX Primus account. You can draw sums up to the sum of your account balance, keeping aside the margin used. 1 thing to remember is that you don't necessarily have to have any money on your account.
In addition, the withdrawn money will be moved directly to the account you use to make deposits. Therefore, if you used a credit card for deposits, the withdrawn cash is going to be sent into the card. FX Primus will ask you to offer other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you're withdrawing cash in different currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the currency you're opting to withdraw in.
FX Primus Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of the buzzing questions which run through your mind while open an account with FX Primus. An inactivity fee is an amount charged to registered dealers who have not engaged in purchasing or selling for some time. The period considered inactive is determined by the agent.
The inactivity fee also differs from 1 broker to another and isn't generalized. If a traders account doesn't have a purchasing or selling transaction, it is claimed by the broker as an inactivity fee. The traders need to pay this fee under conditions and terms that they had consented while registering.
FX Primus doesn't charge inactivity fees so you are free to utilize your account as needed
Even if no charges are implied by FX Primus, it's best for you to close the account if you are inactive. Inactivity fees aren't just charged by broker firms but also many financial services.
For additional trading platforms, the inactivity fee depends upon the type of account you have selected. The inactivity fee is subjected to a lot of circumstances and should be revealed clearly by the broker 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 don't charge too much money for this particular operation.
FX Primus charges a deposit fee for transferring money into your trading account.
Depositing cash on the FX Primus trading platform is simple. You simply need to finish a single-user profile questionnaire to begin depositing money into your trading account. You will have to give an identity proof and evidence of residency to deposit substantial sums.
FX Primus Review - Compare Broker Deposit Methods
|FX Primus||Markets.com||Ayondo||IC Markets|
What Can You trade With FX Primus?
Note: FX Primus offers many different trading instruments due to regulatory restrictions in many countries. Trading instruments offered can 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 currency pairs is of interest to you then FX Primus offer over 45 currency pairs.
Compare FX Primus, Markets.com, Ayondo & IC Markets below.
Alternatives To FX Primus
If, after studying this FX Primus review, FX Primus does not quite meet your needs check out these FX Primus alternatives.
We have scoured the internet 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 certainly try FX Primus before you buy. FX Primus provides demo accounts for the convenience of beginner traders. You can use this feature to build your faith in the machine and yourself and your trading strategies.
If you register for a demo account on FX Primus, you may set out using a decent amount of virtual money. It's to establish a sense of safety and confidence in you until you decide to spend your own money.
With this digital FX Primusdemo account, you are able to experiment at all, to whatever period you wish. You might even open positions, examine different trading strategies, and much more.
FX Primus specifies on its official website that you are able to trade real time stocks in a demo account.
Is FX Primus safe?
You can drop all your worries because we believe that FX Primus is perfectly safe to use. It is in compliance with all the principles of Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID).
Nevertheless, 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 ways to finance your accounts with FX Primus. The process is effortless and quick, with various payment methods at your fingertips.
You can use credit or debit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing money. You must keep in mind that PayPal isn't available in every country. The monies FX Primus
Is my money safe with FX Primus?
Yes, your cash is safe and secure with FX Primus. As you know, FX Primus works with proper conformation to. It's established plenty of measures to guard all of its own investors.
FX Primus safeguards its clients' private and sensitive information under SSL encryption. Your funds will be kept highly secure in top-tier banks.
If you wish to further protect your account, it is possible to enable Two-Step Verification also. It takes an SMS affirmation for you to get your account.
Is FX Primus trading good?
Yes, trading via FX Primus is a pleasant and decent experience indeed. It is a great and intuitive platform with useful features for your simplicity. Moreover, you can even gain access to a vast collection of educational resources and assistive substance to kickstart your trading experience.
If you remain skeptical, it is possible to start a eToro demo account and assess the credibility of the platform on your own.
Which Countries does FX Primus support?
FX Primus operates around the globe. However, due to regulations there are some countries that FX Primus does not accept clients from
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 an excellent agent, and its users can vouch for this. The highlight of this platform is its fast order execution on trades.
You'll discover the clean design of this platform along with the commendable features 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 among the industry leaders. It supports over 10,000+ registered users and over 12 years of experience on its own record. They are among the world's top trading platforms and also a prominent figure in the Fintech revolution.
It majorly owes this status to its incredible platform and broad selection of resources plus tools so you can invest in 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?
Through FX Primus, many traders earn a great deal of money. But typically, through consistent trading, you also can create between 2% - 10% profit a month.
This can look to be a small number, but over the entire year, this adds to a significant amount of gains. Even though FX Primus provide you all of the tools to earn money, they cannot guarantee that you will gain.
Does FX Primus have fees?
Yes. To begin trading with FX Primus, you need to deposit $100. Certain commissions while trading additionally applies. Any processing fees from your bank might need 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 agent 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?
No. FX Primus doesn't offer negative balance protection. If your balance is negative, FX Primus indicates that you contact client services. For this, you are able to correct any imbalances in your account.
Does FX Primus offer guaranteed stop loss?FX Primus unfortunately, doesn't offer guaranteed stop loss. FX Primus gives an opportunity for its traders to close their trade in their specified price. Apart from this, FX Primus does not offer guaranteed stop loss.
Does FX Primus allow scalping?Yes, FX Primus do allow scalping. Many traders across the world choose FX Primus for their services that are trading. They offer trading on MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps which allow 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.