The combination of regulatory oversight and user-friendly features positions FXPrimus as a strong contender for anyone looking to delve into the world of forex and CFD trading. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering.
How To Read Forex Charts
As I was committed that I will have a swap free account, I opened the account only last month. Within one month, the swap is being charged on my trades which is disappointing. The FXPrimus Affiliate Program offers various opportunities for partners to earn and benefit from referring new clients.
There are SMS alerts for immediate market updates, exclusive webinars and VIP trading signals that are updated 3 times per day. FXPRIMUS have a selection of efficient, powerful and advanced trading platforms that are available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). The different platform options provide quick and easy access to your trading account from anywhere in the world at any time of day. You can open, manage and close positions on the go in just a few clicks. I like how I can go from using complex technical indicators on the desktop version of the platform to conveniently following trades from my mobile phone. If you don’t have your own computer or mobile to hand, you can login to the web platform from another device without needing to install any software.
- If you’re interested in comparing FXPrimus against other popular brokers in the industry, check out our FXPrimus Vs pages.
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- Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com.
- With FXPrimus MetaTrader 5 for Android, you can trade various financial instruments anytime, anywhere.
- FXPrimus offers a robust suite of trading platforms designed to accommodate both new and experienced traders.
If after reading this FXPrimus review, FXPrimus does not fulfill your needs check out these FXPrimus Alternatives.
I am impressed with the great range of trading product and features they offer within a regulated environment. FXPrimus offers a robust suite of trading platforms designed to accommodate both new and experienced traders. Whether on MT4, MT5, or WebTrader, users benefit from fast execution, advanced tools, and flexible access – ideal for trading oil and other global markets securely. FXPrimus caters to a diverse range of traders by offering several account types, including PrimusCLASSIC, PrimusPRO, PrimusZERO, and a PrimusDEMO account. These accounts are designed to meet different trading needs and preferences, with variations in spreads, commissions, and minimum deposit requirements.
FXPrimus delivers a safety-first approach with comprehensive client protection, including fund segregation and third-party oversight. It combines this with advanced platforms and instant withdrawals, making it a solid choice for oil trading and other markets in a secure environment. Yes, traders can request to switch account types based on their needs and trading strategies. FXPrimus provides flexibility, but certain conditions, such as maintaining a minimum balance, may apply. FXPrimus positions itself as a globally trusted broker focused on innovation and security. It provides traders with cutting-edge platforms like MT4 and MT5, instant withdrawals, and strict adherence to regulations by 🇻🇺 Vanuatu Financial Services Commission (VFSC).
Forex Risk Disclaimer
Additionally, their South African license has expired, which further complicates the situation. One of my trading buddies recommended FXPrimus, saying they’ve been around for over 16 years, which honestly gave me some confidence. Cryptoasset investing is highly volatile and unregulated in some EU countries. This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.
Fees and Spreads
The VIP service provides one on one personalised support with access to the brokers trading signals. This service is available to clients who have an account balance of at least $10,000. I think it would be better if all clients had access to this but I do understand why it would be incentivised. On the other hand, FXPIG is a good forex broker that gives all clients personalised support regardless of their investment size. I didn’t really learn anything that I don’t already know from years of trading but I think new traders who are visual learners would find these more beneficial. FXPrimus was established in 2009, positioning itself as a broker offering a wide range of platforms in the forex and CFD trading industry.
- Leverage enables traders to control larger positions with a smaller amount of capital.
- Regular security audits are purportedly undertaken to safeguard against hacking and data breaches.
- It’s important to note that FXPrimus requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks.
- FXPrimus promotions include a 100% Welcome Bonus, a 30% Deposit Bonus, and other limited-time trading incentives.
- In the trading world, brokers like FXPrimus, have different minimum deposit requirements based on the target audience they are trying to attract.
Overall, FXPRIMUS presents a balanced offering that caters to both new and experienced traders looking to navigate the global forex markets. Its emphasis on safety and learning resources make it a valuable option in the online trading landscape. Brokerage firms like FXPrimus may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the FXPrimus trading account level held by the trader.
It would be great if you could please update your rating to reflect your positive experience with FXPRIMUS. This fxprimus review article outlines some basic concepts of the forex market and provides you with a solid foundation for understanding its structure. The brokers website has a basic glossary of terms and definitions that can be used to help familiarise yourself with some of the most popular trading related terms. Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com.
I highly recommend the Primus Zero account, which ranks among the cheapest ones available. Withdrawals with FXPrimus are processed instantly in most cases, provided all verification requirements are met. This feature is a key benefit for traders who value quick access to funds.
I found the broker to have a nice selection of market news and chart analysis tools. I think this can help to assist with your trading decisions and enhance the capabilities of MT4 trading platforms. Access to all of these trading tools is available to traders with any portfolio size and trading experience. Don’t worry if it seems too overwhelming initially as there are some handy user guides and tutorial videos included to get you up to speed with each trading tool. FXPrimus is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to FXPrimus, money is in a segregated bank account that is separate from FXPrimus company’s funds.
In addition to this, they also have professional indemnity insurance via the Howden Group. Just keep in mind that this does not apply to all clients and protections can vary depending on the broker entity that you open an account with. FXPrimus provides competent mobile trading applications that adequately serve traders looking to manage their portfolios from mobile devices.
Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia. We put their live chat to the test, reaching out through both their app and website. We were pleasantly surprised to receive a response within three minutes. Test the chat service yourself.A responsive chat service from FXPrimus should be a positive support experience for all FXPrimus users, saving you from waiting days for an email response.