FX Primus Review

FXPRIMUS Logo

FX Primus prides itself on being the self-proclaimed “safest place to trade.” FX Primus spreads start from as low as 0.1 pips with 0% fees on traders’ deposits and withdrawals. They use third-party monitoring for the safety of client fund by partnering with Boudica Client Trust who monitor client withdrawals. This helps to ensure that client withdrawal requests are executed as quickly and efficiently as possible.

FX Primus has won multiple forex broker awards, including the Most Trusted Broker Award from MENA in 2015, and is regulated by CySEC, VFSC, and FSCA. This helps to show the longevity of FX Primus.

Where FX Primus may not be the largest name in the forex broker industry, it is growing at a rapid pace, and the fact that it is not one of the largest means that they can allocate more time to individual client needs and focus on providing superior execution through their liquidity providers (LP’s).

FX Primus provides traders with over 120 instruments to trade online, including forex currency pairs, commodities, indices, and equities. You can start trading on an FX Primus demo account, to begin with, to test the trading conditions, which from my experience, are very good.

Although, keep in mind that demo and real-live trading account conditions can vary due to the artificial liquidity of demo accounts which can lead to differing slippage and spreads.

That being said, FX Primus has some of the most competitive spreads and commissions available to the average retail forex trader. You may even open a small real live trading account to test the real trading conditions at FX Primus.

FX Primus Financial Instruments

FX Primus provides over 130 financial instruments; these trading instruments are from various asset classes such as forex, stocks, indices, commodities, and cryptocurrencies.

FX Primus Trading Platform

FX Primus offers one of the world’s most popular forex trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are the most user-friendly and have a small learning curve. In addition, the broker provides cTrader and API for its clients. Let’s look at each platform briefly.

MetaTrader 4 (MT4)

On the market today, the most innovative and complex trading platforms are MetaTrader 4. Regular investors utilise it to purchase and sell currencies. MT4 also supports Futures, Indices, Equities, and other CFD trading.

FXPRIMUS MT4 Platforms
FXPRIMUS MT4 Platforms

MT4 is noted for its user-friendly design, extensive charting features, technical analysis tools, and automated trading capabilities. The MetaTrader 4 platform offers USD, EUR, GBP, SGD, and PLN as account currencies. It is available in over 30 languages. MetaTrader 4’s distributed design, robust security system, and mobile trading accessibility are just a few of the key skills that give it a competitive edge.

Access, trade, and monitor several accounts from a single interface. All of these features and functions are available in MT4 MultiTerminal with only a few mouse clicks.

FX Primus offers a simple WebTrader platform for traders who wish to trade from their desktop or mobile device without downloading anything. The WebTrader is ideal for beginner traders who wish to practise trading before opening a Live account. Enter your MT4 account and password to get started.

Mobile MT4 versions are available for Android and iOS smartphones.

MetaTrader 5 (MT5)

Forex, Equities, Indices, Commodities, Energies, and Cryptocurrencies are all traded on MT5. This free trading platform offers a wide range of Order Options, Technical Indicators, Timeframes, Graphical Objects, and other features not found on MT4.

FXPRIMUS MT5 Platforms
FXPRIMUS MT5 Platforms

cTrader

Enjoy your trading on your preferred PC while making use of cTrader’s strong capabilities. Get started by downloading the platform to your Windows or Mac OS device. Use your cTrader’s ultra-responsive iOS or Android smartphones to trade on the move from anywhere. To get started, download the platform to your smartphone. cTrader, with its unique features and well-developed functionality, gives you access to cCopy, a tool that allows you to copy-tested techniques from other traders. When you engage with FXPRIMUS cTrader, you may put your most ambitious ideas and plans into action. At its finest, technical analysis. A useful tool for traders to obtain effective trading techniques from traders all around the world. Using an intuitive interface, you can simply follow successful techniques or become a Signal Provider.

FXPRIMUS cTrader Platform
FXPRIMUS cTrader Platform

Platinum API

FXPRIMUS understands that traders need instant access to their trading accounts from anywhere in the world and at any time of day. As a result, FX Primus provides the most efficient and powerful trading platforms on the web, tablet, and mobile. Browse the platforms and services and quickly download them to your preferred device. API Platinum

For the best trading experience, use the fastest speeds and the FIX protocol. This special solution provides direct market access to the clients who prefer to use the FIX Protocol for the most personalised trading experiences.

FX Primus Trading Tools

FX Primus offers various trading tools that are useful for traders. The most prominent are PAMM accounts, VPS, and a trading tools suite.

PAMM Accounts

Clients of FX Primus can have master PAMM accounts who are professional traders and want people to follow their strategies with a good track record. On the other hand, investors who want to make money by replicating other professional traders’ portfolios can open follower PAMM accounts.

VPS

FX Primus offers Virtual Private Servers (VPS) to its clients who want to automate their trading 24/7.

FX Primus Educational Materials

FXPRIMUS’s team of professional financial analysts has a library of instructive training videos, seminars, and webinars. These offer insights and specific reports to help you improve your trading knowledge and abilities, as well as make more educated trading decisions.

FXPRIMUS Educational Material
FXPRIMUS Educational Material

Economic Calendar

People around the world use FXPRIMUS’s economic calendar to keep track of what is going on in the market. It lets you keep up with the news without having to visit a lot of different websites and sources.

Calculators

FXPRIMUS has a lot of calculators that can help you figure out how much risk to take when you’re planning to make a trade. Pip calculator, Fibonacci calculator, currency calculator, pivot calculator, and currency calculator are some of the trading calculators that you can use.

Expert Guides

Any thoughts, news, research, analyses, pricing, or other material presented here are intended to offer general market commentary only and do not represent investment advice. FXPRIMUS accepts no liability for any loss or damage, including, but not limited to, any loss of profit resulting directly or indirectly from the use of or reliance on such material.

Webinars and Seminars

Participate in FX Primus’s webinars to learn from industry professionals and explore how you can enhance your trading methods. The webinars are led by industry professionals and cover a wide range of subjects relevant to all sorts of traders and investors.

Educational Videos

On the FXPRIMUS website, there are a lot of interesting educational videos about things like trading psychology, trading platforms, technical analysis, and more. These videos are for both novice and expert traders. There are things that can be looked at to help you improve your trading skills.

FXPRIMUS Educational Videos
FXPRIMUS Educational Videos

Blog

FX Primus has a blog with a ton of useful educational articles.

FX Primus Trading Accounts

Fx Primus offers a wide range of different account types to suit different trading styles and the size of trading portfolios. They understand that each trader has their very own specific needs and can provide trading accounts accordingly to meet your individual requirements.

FX Primus’s main accounts are the FX Primus Variable and the FX Primus ECN Premier ($500 minimum deposit). I would always personally use an ECN forex trading account for the lowest spreads possible directly from the liquidity providers with no dealing desk and also for superior trade execution. Please refer to my ECN forex broker guide for more detailed information on this subject.

FX Primus also offers the FX Primus Premium Account for the more advanced forex traders amongst you, although trading conditions, in my experience, are good across the full spectrum of accounts. Commission on the FX Primus ECN Premier account is competitive at around 1 pip per round turn. There are no commissions on the FX Primus Variable Spread account, but as with most forex brokers, this usually means slightly higher spreads. In the long run, I have found ECN account types to work out cheaper in terms of trading costs.

FX primus accounts also include a number of additional benefits such as daily market outlook, SMS alerts for your trades, one-to-one consultation with market specialists, MT4 trading tools training, live market update telephone calls, and VIP trading signals.

FX Primus offers different leverage options depending on your account type and account balance. The leverage offered is from 1:1 to 1:500. Just make sure that you have a complete understanding of forex leverage before trading with any forex broker, and it is advised not to over-leverage your trading account due to the risks involved with trading.

FX Primus Funding Options

FX Primus offers a wide range of deposit methods with zero fees. FX Primus aims to allow traders around the globe to fund their accounts with trust, safety, and confidence. Deposit methods include bank transfer, local wire transfer, credit cards, and e-wallets such as Skrill, Neteller, bitpay, and more. Deposit size starts from just $100 minimum, and transactions can be processed as quickly as just 5 minutes.

FX Primus Regulation

FX Primus is a regulated entity whilst being a member of the Investor Compensation Fund (ICF). This effectively means that client funds are protected up to €20,000. Furthermore, as another added safety measure, FX Primus has recently introduced professional indemnity insurance of €2.5million. Here are the different regulation companies of Primus Solution Ltd:

Primus Global Ltd, regulated by CySEC

Primus Markets INTL Ltd, regulated by VFSC

Primus Africa (Pty) Ltd, regulated by FSCA

FX Primus FAQ

What is the FX Primus minimum deposit?

FX Primus requires a minimum deposit of $100.

Where is FX Primus based?

FX Primus is based in Vanuatu.

When was FX Primus founded?

FX Primus was founded in 2009.

What are the FX Primus platforms?

FX Primus offers MT4, MT5, cTrader and Platinum API.

What trading instruments does FX Primus have?

FX Primus offer over 130 trading instruments from various asset classes.

What are the FX Primus deposit and withdrawal options?

FX Primus offers and receives payments via wire transfers, debit/credit cards, and e-wallets.

What is the FX Primus leverage?

FX Primus has leverage up to 1:500.

What is the FX Primus commission fee?

FX Primus’s commission fee starts from $5.

What are the FX Primus spreads?

FX Primus spreads start from 0.3 pip.

Does FX Primus offer demo accounts?

FX Primus offers demo accounts.

Does FX Primus offer Islamic accounts?

FX Primus does not offer Islamic accounts.

Does FX Primus allow scalping, hedging, news trading, and automated trading?

Yes, FX Primus allows scalping, hedging, news trading, and automated trading.

Does FX Primus charge an inactivity fee?

No, FX Primus does not charge an inactivity fee.

Is FX Primus regulated?

FX Primus is regulated by ASIC, CySEC, and VFSC.

FX Primus Review Summary

Overall, FX Primus is an established forex broker offering the MT4 trading platform and other useful online trading services. The support is very good with very rapid response times, and there is a variety of account options and deposit methods to choose from for your convenience.

The FX Primus spreads and commissions are very competitive, and whilst they are not the largest forex broker in the world, this does mean that you can get a more personalised forex trading experience, especially with the vast array of educational forex tools included with trading accounts at FX Primus.

 

FX Primus

8

Spreads

8.0/10

Liquidity

8.0/10

Commissions

8.0/10

Support

8.0/10

Regulation

8.0/10

Features

  • Tight spreads
  • Competitive commission fees
  • Reliable execution speeds with minimal slippage
  • ECN brokerage model
  • Fast deposit / withdrawal options
  • Multiple transfer options
  • Excellent 24/7 client support
  • Easy to use MetaTrader 4 platform
  • Regulated forex broker
  • Multiple account types and funding methods