People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. They are a testament to the ongoing effort by FXPrimus to maintain a competitive edge for its clients. I recommend beginners read them to understand some basics before enhancing their education with trusted third-party sources available online free of charge. 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.

Whether you’re interested in forex, commodities, equities, or cryptocurrencies, FXPrimus provides the tools and liquidity necessary to navigate these dynamic markets effectively. FXPrimus offers multiple trading platforms, including MT4, MT5, and cTrader, each designed to cater to different trading preferences. MT4, launched in 2005, supports MQL4 programming, providing access to 9 timeframes and a wide range of expert advisors (EAs). The PrimusDEMO account allows traders to practice without any financial commitment, offering similar features as the CLASSIC account with a starting spread of 1.5 pips and no minimum deposit requirement. FXPrimus prides itself on being “The Safest Place To Trade,” emphasizing its commitment to the protection of client funds through advanced safety mechanisms.

• The FXPrimus website is easy to navigate through with information and visual aids that lay out the trading instruments, benefits, promotions and educational material.
• Both are available for desktop, web, and mobile, offering powerful tools for analysis and trading execution.
• Spreads on EUR/USD is 1.5 pips, and all the different types of trading software that are offered by the broker are available.
• Moreover, this broker offers negative balance protection as an essential feature for preventing customers from accruing debt beyond their account balances during unforeseen market changes.
• Cent and Classic are more expensive commission-free accounts, while Pro and Zero are commission-based, where the latter ranks among the cheapest ones and the account type I highly recommend at FXPrimus.

Stock CFD trading on FXPRIMUS

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. To sum everything up, the broker is regulated by the CyCES (located in Cyprus) and the VFSC (located in Vanuatu), so they can be trusted. The broker offers a wide range of account types to choose from, however, trading fees are high compared to other brokers. On the bright side, all the MetaTrader platforms and cTrader are available and customer service is good. At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps.

Moreover, this broker offers negative balance protection as an essential feature for preventing customers from accruing debt beyond their account balances during unforeseen market changes. FxPrimus offers responsive customer support, which is crucial for beginner traders who may encounter difficulties. The support team is available via multiple channels including live chat, email, and phone. They offer support in several languages, ensuring that traders from different regions can easily access help. Based on our assessment, FXPrimus’s Fees score an impressive 8.8 out of 5, positioning it favorably compared to over 1000 other brokers.

The broker offers spread-based and commission-based account types, with different fees and opportunities. In general, the fees FXPrimus offers are either average or on the lower side and are mostly transparent and clear. The commission-free pricing environment begins with an expensive 1.5 pips or $15.00 per round lot and is the only one that offers MT4 and cTrader. At FXPrimus, traders have access to a selection of 42 forex pairs and a total of 140 tradeable symbols.

Forex

FXPRIMUS is very generous when it comes to promotions, as it is usually running a variety of promotions to suit different trading styles. Sometimes the promotions come in a form of trading or deposit bonuses, while other times offers especially low spreads on certain trading instruments. We recommend checking the promotions’ page often to claim any free trading funds or cash rebates and real prizes. FXPRIMUS elected to go with the MT4 set of trading platform options for desktop, web trading, and mobile.

Step 2: Time to verify your account

Here we will only mention the broker’s Copy Trading offering that will appeal to many traders, especially being helpful for beginner traders to explore more investment chances without much knowledge and indulgence. FXPrimus is a broker for traders looking for reliable company with MetaTrader technology and a good range of trading assets, ECN connectivity. The spreads are in average level with our test with different fee structures available, so overall Broker is suitable for mostly all size or level traders. As Technology, combined with good pricing, and selection of platforms tools attracts traders to  FXPrimus, which is confirmed by vast of clients all over the world.

This review looks at the various features of the platform, showcasing where it performs well and where it needs improvement. Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years.

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The Demo account is another good thing about FXPrimus which serves both beginner and advanced traders. However, the education resources are limited to articles for both beginners and experienced traders. This might not be enough for novice traders who seek constant guidance and assistance. The broker supports multiple asset classes, including forex, metals, energies, cryptocurrencies, indices, and equities, with varying leverage, contract types, and sizes. They provide various trading platforms, such as MetaTrader 4, MetaTrader 5, cTrader, and WebTrader, to cater to different trading preferences. FxPrimus offers a broad range of trading instruments including forex pairs, indices, commodities, and cryptocurrencies.

The minimum withdrawal amount is $100 USD across the board, with no deposit fees apply. The PrimusCLASSIC account features spreads starting from 1.5 pips with no commission fees. FXPrimus offers trading in various cryptocurrencies, including Bitcoin and Ethereum, allowing traders to capitalize on the market’s volatility. It features line, bar, and candlestick charts for stock, forex, indices, and precious metals. MT5, introduced in 2010, supports MQL5 with 21 timeframes and includes cryptocurrencies, offering a simpler programming language but fewer EAs compared to MT4. FXPrimus employs advanced safety mechanisms, including segregated accounts for client funds, Negative Balance Protection, and partnerships with Boudica Client Trust for third-party monitoring of withdrawals.

The MetaTrader4 family of products is the industry standard for a reason, and FXPRIMUS has adapted its services to take full advantage of its capabilities, offering tremendous speed of execution and reliability. From a security perspective, all data and personal information are encrypted using the latest in 128-bit SSL technology. You may also want to check out their ECN Premier pricing option, which offers spreads in tenths of a pip for the majors. Account types can be individual, joint, or corporate, but the firm also offers a demo and Islamic accounts, too. Although FXPrimus does not currently offer special promotions or incentives, it’s crucial for brokers to consider implementing such strategies to stay competitive and provide added value to their clients.

• It is important to note that between 74-89% of retail investors lose money when trading CFDs.
• Their MT4 platform is offered in 30 different languages and their website in 11, with a multilingual and experienced, 24/5 customer support that handles quickly any call request during market hours in any time zone.
• We generate revenue through banner advertising and affiliate partnerships, which do not influence our impartial reviews or content integrity.
• Regulated under the aegis of CySEC and part of the global FXPrimus group, the broker ensures a secure trading environment.
• Yes, FXPrimus provides VPS hosting for qualifying accounts, allowing traders to run their trading platforms on virtual private servers.

However, based on our research, fxprimus review all the instruments offered are mainly CFD-based, which limits the chances for traditional investments. FXPrimus charges a few additional fees, except for the main spreads and commissions that have already been mentioned. Yes, the PrimusPRO account has a commission of $8 on the MT5 platform and $10 on the MT4 platform.

In markets with ample liquidity, narrower spreads are vital to lessen transactional expenses and drive higher potential profits. Traders seeking a seamless and direct trading experience prefer cTrader, thanks to its clean design and user-friendly interface. The forward-looking design of MT5 incorporates innovations in algorithmic trading, attracting clients who seek a high degree of flexibility and performance from their trading software.

As a result, FXPrimus has a global presence with multiple offices around the world, while it is able to operate in over 200 different countries around the world. Unfortunately, this is as far as we can go with registration because this broker has not offered services in our region (South Africa) since 2021. However, the registration process for most online brokers is pretty much the same. FXPRIMUS is based in Vanuatu and Cyprus, operating under stringent regulatory constraints and providing services to traders worldwide, focusing on security and transparency. FXPRIMUS provides Classic, Zero, and Pro accounts with different features and minimal deposits.

Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University. Based on our research and industry data from ForexBrokers.com, FXPrimus is considered to have an “Average Risk” trust score. Although it is not publicly traded and lacks authorisation from some top-tier regulators like ASIC and the FCA, it does hold MiFID regulation.

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While its VFSC (Vanuatu) license is considered offshore, FXPrimus’s compliance with European Forex guidelines solidifies its reputation as a safe trading platform. Our trust score for FXPrimus stands at 8.6 out of 10, reflecting the broker’s longstanding good reputation and regulatory backing. However, the main drawback is the broker’s reliance on an offshore entity for international trading. Our research of the broker’s fee structure revealed that the costs mostly depend on the account type and, in some cases, on the platform.