Review of FX PRIMUS
FXPRIMUS review shows that the company is a retail Forex broker. They offer a wide range of currency pairs, precious metals, and various CFD contracts for energy products, indices, and five cryptocurrencies (Bitcoin, Ethereum, Ripple, Litecoin, and Dash).
FXPRIMUS is a trading name of Primus Global Ltd (formerly people called it FXPRIMUS Europe (CY) Ltd.), a Cypriot investment company (CIF), registered in the European Union and licensed by the Cyprus Securities and Exchange Commission (CySEC).
Besides, any investment company subject to the CySEC regulations is also compatible with MiFID. It is, therefore, suitable to offer cross-border services in the EU under the MiFID passport system, as our FXPRIMUS review found out.
Moreover, many EU regulators, including the British FCA, German BaFin, registered the broker. It seems that the Primus group has the British brand Primus Capital Markets UK (PCM UK).
Besides, FXPRIMUS had a license in Mauritius, but at the end of March 2016. The local financial authority, the Financial Services Commission (FSC), canceled it.
FXPRIMUS is an award-winning and multi-regulated broker that offers a range of highly-liquid markets including forex, commodities, and equities. Traders benefit from competitive spreads starting at 0.1 pips, fast execution, and both international and local funding methods, making FXPRIMUS the best choice for both new and more experienced traders alike.
FXPRIMUS Account Types
When using FXPRIMUS, you will have three accounts offered to you. They include; Micro, Mini, and Standard in a single account that can be set up for an individual, joint, or corporate account.
In addition to this, they also have self-directed and managed accounts that have an Introducing Broker (IB) and affiliate accounts. These accounts have variable, or ECN premier spreads. They all have the same minimum funding requirements of $100.
FXPRIMUS provides non-swap accounts (Islamic) that are compliant with sharia law (for Muslim investors who do not want to receive interest for religious reasons). It is also compliant with management services of percentage money from allocation (PAMM).
PAMM FXPRIMUS accounts are fully automated for both qualified traders and investors. Currently, Cyprus is one of the most attractive destinations in the forex market. It is one of the reasons for this is undoubtedly sustainable regulation.
With FXPRIMUS, you have a choice of a Micro, Mini or Standard account that can be set up for an individual, as a joint account, or as a corporation. These accounts have variable or ECN spreads. The company also offers swap-free (Islamic) accounts, consequent with sharia law (for Muslim investors who do not want to receive profit for religious reasons). Clients also gain access to a free demo account to backtest strategies and familiarise themselves with MT4.
Regarded as the gold standard of trading, FXPRIMUS’ MT4 offers countless tools for everyone from the novice to the pro. You can trade on the go with iOS, Windows and Android apps, too. Additionally, choose from and replicate the success of hundreds of more experienced traders using FXPRIMUS’ PAMM system.
Our FXPRIMUS review shows that they have several trading options that you can use. They have reliable and most popular MT4. They also provide a web-based trading platform for the same.
Alternatively, for traders on the go, you can use mobile devices to trade on the platform. MT4 is user-friendly, uses advanced charting features, and has technical analysis tools with automated trading capabilities.
With FXPRIMUS, the MT4 platform has multiple account base currencies that are supported and are available in over 30 different languages.
FXPRIMUS Minimum Deposit
The minimum deposit is $100, and it is easy to get into the account. They have three methods to withdraw the funds that you will deposit. These will include bank wire, Skrill, or the FXPRIMUS prepaid credit card.
This is a much lower minimum deposit when compared to most of the brokers on the same caliber as this one. Some ask for a minimum deposit that is as low as $1, but out FXPRIMUS review shows that the $100 is relatively delicate in comparison.
FXPRIMUS Deposit & Withdrawal
Deposit as low as $100 to get started to any one of the many methods available, including debit and credit cards, e-wallets, and wire transfers. There are also a host of localized methods that can also be used for withdrawals.
Withdrawals are processed within one business day, at no added cost (outside of intermediary banks’ or service provider fees). The company also applies third-party monitoring of withdrawals to ensure smooth and efficient execution.
Our FXPRIMUS review shows that you can deposit using debit and credit cards. FXPRIMUS will cover the fees. Bank wire transfers are free of charge. However, local banks may charge a cost of $5 plus other local bank fees and conversion charges.
If you have to wait for longer than a day, you will be notified promptly. Do not worry about losing any of the money. FXPRIMUS review shows that they are regulated and are obligated to make sure that you get all the money that you are owed.
FXPRIMUS Customer Support
As a trader, in our FXPRIMUS review, we found that you can connect with them by phone in multiple languages. They also have an online form for questions that are provided whenever you need it and chat that is available for you any time that the forex market is open.
The incredible thing is that they have the website available in over 50 different languages.FXPRIMUS Platforms.
FXPRIMUS Details Overview
|Established: 2009||Website: https://www.fxprimus.com|
|Address: Office 102, Zavos Kolonakiou Center, 25 Kolonakiou Street, Limassol, 4103, Cyprus.||Minimum to Open Live: $100|
|Prohibited Countries: Australia, Belgium, Canada, France, Iran, Japan, North Korea, Singapore, and the USA.||Regulators: The Cyprus Securities and Exchange Commission, the Financial Sector Conduct Authority and Vanuatu Financial Services Commission.|
|Minimum Trade Size: 0.01||Regional Offices: Mainland China, Hong Kong, Singapore, South Korea, UK, and the USA.|
|Maximum Leverage: 1:500||ECN: Yes.|
|Mobile Trading: Available||Currencies: 40+|
|Trading Platforms: MT4||Cryptocurrencies: 7+|
|Robots: Available.||CFD: 35+ Gold, Silver, Other Precious Metals, Stocks, Bonds, Oil, Other Commodities.|
|Scalping: Allowed||Web Trading: Available|
|Deposit Methods: Bank Wire, VISA, MasterCard, American Express, BitPay, ecoPayz, FasaPay, Giropay, Itau, Local Bank Transfers, Neteller, Skrill, UnionPay.||Withdrawal Methods: Bank Wire, VISA, MasterCard, American Express, BitPay, ecoPayz, FasaPay, Giropay, Itau, Local Bank Transfers, Neteller, Skrill, UnionPay.|
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