FXPrimus Review 2022 Is Legit or Scam

They’ve gotten CYSEC regulated and are offering a payoneer card for withdrawals. We called FXPRIMUS for our FXPRIMUS review and received a prompt response. Our inquiries and issues were successfully answered over the phone by the FXPRIMUS phone support service. We put the multilingual FXPRIMUS staff to the test by making calls in a variety of languages. FXPRIMUS went out of its way to ensure that our questions were answered. Due to the convenience of use given by FXPRIMUS, it assists users in making outstanding trading decisions.

review on fxprimus

You will also need to upload a copy of your ID or Passport and a copy of your most recent utility bill, not older than three months. You will also need to select your preferred trading account before you complete the registration process. You will be pleased to know that you don’t have to provide your documents during registration, but you will need to upload them if you wish to make a withdrawal on your account. Therefore, we highly recommend that you get this step out the way before you complete the registration process. The FXPrimus mobile app is available on Android devices via the Google Play Store and for iOS devices via the App Store from Apple. The FXPrimus app has been designed for both tablets and smartphones and is almost identical to the desktop version, offering the same features and trading tools.

🇬🇧Is FXPRIMUS Available to French or Belgian Traders?

FXPrimus does offer payment methods in a good range to ensure traders don’t deal with any trouble at the checkout page. Nowadays, the question has become quite popular since people want to capture a big chunk of profits with minimal investment, and ‘leverage’, beyond a surprise, is a great way to do that. Even though the spreads are great at the ECN account, they don’t get full points in pricing. FXPRIMUS offers two sorts of trading bonuses, both of which are intended to reward loyal customers while also increasing trading volume. Negative balance protection – FXPRIMUS provides Negative Balance Protection to all clients, ensuring losses never surpass their account manager balance. FXPRIMUS provides a calculator tool to assist users in calculating the different levels that aid in the technical analysis of coins.

A three-month utility bill or bank account and statement that shows your current address and foreign exchange. Be warned that the expiration date of the Proof of Address document for different businesses under the FXPRIMUS brokers Brand may differ. Here you will find full information about the FXPRIMUS login area. As part of the FXPRIMUS login process menu and standard KYC identification checks, you must produce essential documentation to establish your identity. You should click on it, through the instrument chart you’re willing to trade and set the desired preferences either Market Order or Pending order, select necessary risk levels with stop loss and take profit. And you’re done, of course further on you have full control over your position and can either close the trade manually or adjust it, unless t hit some of your defined levels.

FXPRIMUS provides unlimited access to all of its premium services, including SMS updates and Trading Signals, to help traders make better decisions faster. With access to a weekly informational financial trading seminar and the lowest spreads starting at 0.1, the ECN Premium Account Holder is additionally assisted in their trading approach. The FXPRIMUS broker also offers Platinum API services which allow direct access to the market for those who want to use the FIX protocol to personalize their trading experience (minimum deposit of $50). FXPrimus offers the MetaTrader 4 and MT Mobile online forex trading top platforms. FXPrimus.com offers over 30 currency pairs, metals, cfds, indices, and equities for your personal investment and trading options. Overall, FXPrimus can be summarised as a trustworthy broker that provides tailor-made account types and market-leading trading platforms to a global market.

There are exactly 3 ways you can start trading with the broker. It’s either from their Standard Account, Premium Account or the VIP Account. On the image, you can see the comparison that these accounts offer. Even the standard account which is always designed to be tailored https://broker-review.org/ to a new customer has quite a large minimum deposit. This FXPrimus review almost took another turn when we saw the $1,000 minimum deposit even on the standard account. Many brokers feature deposits as low as $50, while most of the others have a consistent size of $250.

FX Primus has multilingual customer support via phone, mobile, live chat & email. Besides, you can also read trading guides, training videos are other helpful contents on trading from their website. You can read MT4 through 30 languages & all are available in FX Primus version of MT4. For phone calls usually, the call is processed within 2-4 minutes so that clients need not to be waiting for long time & get their solution as early as possible. FXPrimus provides 24/5 customer support, ensuring traders have access when financial markets are open.

You will be unable to top up your account if you use an account that is not registered on your name. Since FXPrimus broker has CySEC regulation and FSCA, for their customers coming from Europe and South Africa, we can say that this broker is safe for people coming from these countries. For all the other clients, they are applying regulation of VFSC, an offshore and not so safe regulator. Trading Forex, CFD, Binary Options, and other financial instruments carries a high risk of loss and is not suitable for all investors. The information and videos are not an investment recommendation and serve to clarify the market mechanisms.

  • In general, FXPRIMUS provides trading service in Forex , CFD and Cryptocurrencies .
  • Minimum deposit – Opening a trading account with FxPrimus is easy and can be done online, taking around 5 to 10 minutes to complete all the forms with the required information.
  • While traders can access more than 40 FX pairs, 110 share CFDs are also available to trade.
  • He has one in Cyprus regulated by CySEC (Primus Global Ltd – license 261/14) and one in Africa (Primus Africa Ltd – license 46675) regulated by the FSCA.
  • Mobile users can access trading accounts at FXPrimus via a mobile web browser too.

For instance, users can select the timings of candlesticks and use other trading indicators to have a good sense of technical analysis. The users can also select the day and night vision with their ease. The MT4 trading platform can be downloaded from the website for windows 7, 8, and 10. FXPRIMUS community is doing its best to provide easy and quality services. However, these services come with certain restrictions that users have to follow.

I am an avid user of the MT4 platform and have been for many years. I can code my own systems in the MQL4 language or get access to thousands of free and paid tools from other users from within the platforms marketplace. The broker offers trading instruments across multiple markets through MT4 including Forex, Commodities, Cryptocurrency & CFDs.

Users can access the web platform after creating an account and depositing money into the account. FXPRIMUS MT4 download is a very user-friendly and dependable platform. On the left-hand side of the platform, you can search for different currency pairs. Users can search for trading pairs, forex, indices, lists, and other commodities based on their preferences. Trading is a risky gig that necessitates a great deal of experience and understanding. To begin trading, the company provides a one-of-a-kind and simple-to-use web platform, FXPRIMUS MT4 Download.

Account Types

It can handle a wide range of financial products, and regular investors use it to buy and sell currencies. They are also very well regulated and can cater to traders and investors across the globe including the USA. You may already read FXPrimus reviews before since this is one the most popular and secured online broker.

All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. I am a registered user from the Netherlands and now i cannot login anymore to the client area without first being forced to have my account transferred to Primus Markets INTL Limited. SMS alerts and email alerts are another category and truly useful tools that are available at FXPrimus MT4 platforms, allowing you flexibility rather than sitting and watching charts continuously.

review on fxprimus

Trade more than 6,000 markets without commissions and professional platforms. Our clients’ satisfaction is always our top priority and we are happy to see that our team efforts are appreciated by our clients. As well, Marie Calire Dael and Mary Jane Dael have marketing skills and true experience in trading which should be grateful by traders and listen by LIVE audiences. FXPRIMUS offers a number of trading calculators to assist with risk management while preparing for a trade. A pip calculator, Fibonacci calculator, currency calculator, and pivot calculator are among the trading calculators. This section contains educational content on financial news, markets, trading strategies, and guides.

Fees and Commission

In this FXPrimus review, we will try to dig deep and verify all of the information that the broker has disclosed to the public. The outcries of the FXPrimus scam have been sighted on various websites, so we believed that a thorough research was needed to verify them. The assets offered for trading by FXPrimus includes all the usual things such as forex, major stock indices, precious metals, energy commodities, and cryptocurrencies, all in the form of contracts-for-difference . Compared to its competitors, the selection of assets is fairly decent, although it’s still far from the best.

review on fxprimus

The minimum deposit requirement to open a FxPrimus Variable account is 100 USD, or the equivalent in other currencies. The minimum deposit for the FxPrimus ECN type accounts is 500 USD, or the equivalent in other currencies. Primus Global Ltd is a member of the Investor Compensation Fund , an investor compensation fund for CIF clients and its functions are regulated by the directive DI87-07 of the CySEC. Unfortunately, FXPRIMUS hasn’t upgraded its platform to a dual offering with MT4 and MT5. Interestingly, trading in FXPRIMUS also leads to the offering of two special accounts seemingly based on spread and/or execution, which are Variable and ECN Premium accounts.

Does FXPRIMUS offer Islamic accounts?

However, as it is an ECN broker, performance for all trading will not be the same. And for that reason there are lots of online reviewers who claim FX Primus a scam due to their improper selection of instruments. That’s why you shouldn’t follow that trend without consideration. Rather consult to an expert, use your instinct and start your trading with a convenient trading instrument. FxPrimus claims to have lightning quick execution, via state-of-the-art execution systems worldwide, combined to create a seamlessly efficient trading environment. FxPrimus client’s funds are protected via an unshakable risk management model, built to withstand any unexpected market volatility.

The broker gives you the option of a VPS through their data centres in London and New York. The VPS connects the MT4 platform to a server which can reduce latency between MT4 accounts and their servers, fxprimus reviews thus improving the chances of getting filled at better prices. The VPS is free if you have a trading account with a balance of at least $500 and trade 5 or more standard lots 30 days from activation.

FXPrimus is a well-established online trading platform, working since 2009 and received licensing from top-tier regulators. In addition, the broker has lots of great things in its offer zone. In addition to these payment options, the broker also offers other payment methods, making it clear that you’ll never encounter any issue at the checkout page. Most traders prefer trading via MetaTrader 4, which makes the broker provide MT4 facility in the mainstream.

One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. Here is a screenshot of the FXPrimus quotes in their MT4 during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Between 74-89% of retail investor accounts lose money when trading CFDs.

But make sure you utilize the leverage facility only when you are confident about your trading skills because this leverage is subjected to risk. However, the broker hasn’t specified the exact leverage ratio because it is entirely decided by the equity asset you choose for trading. From the UK, USA, South Africa to China, in our FXPrimus Review, we find that the broker has been a successful performer worldwide and continues to impress more clients. They offer funding through local bank account via Global Collect ($5 fee).

All the regulations and awards show that FXPRIMUS is not a fraud and is actually a real brokerage service. In addition, this service is authorized in South Africa and provides insurance for up to 2.5 million Euro. However, the only drawback is that the company is not listed on a stock exchange. B is providing to their clients MT4 platform and the web trader. The company offers various assets such as Forex, Indicies, Commodities, Shares, and Cryptocurrencies.

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