FXPRIMUS broker review ++ Scam or not? Real test
When it comes to leverage, due to FXPrimus regulation, you can check with customer support which regulation are you eligible to have. Live chat is offered by FXPRIMUS to assist users directly making their fxprimus review trading easy and smooth. Customer support is the backbone of any business to flourish. FXPRIMUS provides huge respect and takes great care of users in various ways to resolve the issues while trading.
I am surprised that the company provides exceptionally good support and customized solution to my clients and me. Generally big companies don’t care about every single IB or every single client and they give you default facilities whatever is preset by the company. But, FxPrimus goes beyond its default things and customizes the things as per clients’ need. For example, they have PAMM service for fund manager but they are giving me separate MAM. Yes,FXPrimus is a well-regulated broker that provides quality trading facilities to traders from across the globe. FXPrimusis well-regulated by the Cyprus Securities and Exchange Commission , the Vanuatu Financial Services Commission , and the Finacial Sector Conduct Authority respectively.
We assure you that this is not the service that we want you to have with us and we can have the team to investigate and resolve this issue immediately. You’ve to visit the official site of FX Primus & click Open a new account from the top of the site. Then choose your package, fill up the form & submit for approval. After that, you need to submit your official documents like passport or driving license to verify your identity. FX Primus MT4 Windows & MAC platform supports 30 languages and also different instruments like Forex, Futures, Indices, Equities and other CFDs. The company launched a service in October 2019 that allows small and medium-sized companies to send money anywhere in the world fast and cheaply.
Service & Assistance Provided
FXPrimus is an execution-only broker focused on the core trading environment. It does not offer value-added services but caters to its core market well, making it a good broker for scalpers. 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. AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities.
The ECN ac comm at $10 per STD lot is way too high not acceptable. I switch from ECN to variable rate ac with no comm better off. Other thru this another issue is their server and MT4 like to drop connection oncw awhile frequently few times a day but get reconnected automatically almost without noticing. I know that they of fer 1 to 1 coaching if our funding is usd 250 or more. I use fxprimus and i find very good broker, very fast, only i get a problem with support, that did not solve my problem and i solved alone. Jacki Grewal from FxPrimus is highly supportive business development manager.
What type of broker is FXPrimus?
The FXPRIMUS ECN Premium Account is for minimum deposits of USD 500. With ECN account there is 1 pip commission deducted from your account in real-time for the equivalent of every standard lot traded. A mini lot (0.10) will be charged approximately USD 1 and a micro lot (.01) will be charged approximately USD 0.10.
- With this digital FX Primusdemo account, you are able to experiment in any way, to whatever length you wish.
- They have very competitive trading conditions including spreads from 0.0 pips, low fees and quick execution.
- Intermediate traders can then absorb this expert knowledge and create their own trades.
Social and easy to use trading solutions are the heart at FX Primus. We always strive to provide our clients with the best trading experience accompanied by an amazing support service. FXPrimus win for their customer service, I have never have difficulties contacting them, if support offline, i will email and definitely get a reply next day. Go for ECN account, definitely a faster execution, commission are competitively standard.
FxPrimus client’s funds are protected via an unshakable risk management model, built to withstand any unexpected market volatility. Through the advanced risk management systems, featuring strict regulation, negative balance protection and segregated client funds, the company offers a good level of safety regarding client assets. 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.
It is also compliant with management services of percentage money from allocation . 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. Also, various trading tools, Economic Calendar ad Trading Calculators remaining at your disposal, while VIP clients may access Premium Trading signals and Platinum API on an exclusive basis. In addition, you may access immediate market updates with SMS Service, which is indeed very useful. Together with that almost all desktop or web platform capabilities remaining available including fee reports, social trading capabilities and advanced analysis tools.
Payoneer is an American financial services company that provides online money transfer, digital payment services and provides customers with working capital. They are regulated by Cyprus Securities and Exchange Commission , The markets in financial instruments directive and must adhere to their rules. Even if no charges have been implied by FX Primus, it’s better that you close the account if you are inactive.
FX Primus specifies on its official site that you are able to trade real time stocks with your demo account. Understanding whether you will be charged inactivity fees is only one of the buzzing questions that run through your mind while open an account with FX Primus. An inactivity fee is an amount charged to registered dealers that have not participated in buying or selling for some time. In general, FX Primus doesn’t charge high fees in comparison to other online brokers. For operations other brokers fee for, they either do not charge a brokerage fee, or they charge a lesser amount. This can be beneficial for those who often exchange, for example weekly or daily trading.
They have partnered with Boudica Client Trust for third-party monitoring of client withdrawals to ensure requests are processed in a prompt and efficient manner. They conduct regular financial and compliance audits that are externally authenticated to ensure independent, transparent and accurate review of the company finances. Multiple account options offered by FXPrimus allowing you to access trading and markets with variable spreads and access to trade all range of its offered instruments.
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. Definitely nowadays it is almost impossible to imagine trading without a mobile trading platform, as it allows you to monitor and stay updated with the situation whenever you are. FXPrimus MT4 Mobile platform also please us with a range of technical analysis and chart option features it offers, so you may customize already good design of the mobile platform. FXPrimus Fees charged while all trading styles are welcomed at FXPrimus, based on tight spread conditions and quite competitive trading costs with spreads of 0.1 pips with no commission. Or if you select an option to trade through ECN connection with raw spreads you’ll be charged a commission of 10$ per lot.
I always recommend that traders check them before evaluating the total trading costs. Competitive commission-based MT4 accounts https://forexbroker-listing.com/ for high-frequency traders. The economic calendar lets you keep up to date with the latest market news from across the globe.
The connect tool gives clients access to the brokers news feed within the MT4 platform to keep you up to date with the latest promotions the company is running. The broker can accept clients from most countries excluding residents of certain countries/jurisdictions including, Australia, Belgium, Canada, France, Iran, Japan, North Korea, Singapore and USA. If you find your country is not accepted, please feel free to browse our broker reviews for another option. You are given all of the necessary tools and resources that can help you to make informed trading decisions.
Look and feel
FX Primus offers trading on MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps. FX Primus is fair, transparent, and also a well-regulated agent by the Cyprus Securities and Exchange Commission , The markets in financial instruments directive . Their outstanding array of tools will be beneficial for most traders. FXPRIMUS offers a variety of market news and chart analysis tools to help you make trade decisions and improve the functionality of the MT4 trading platforms.
The kinds of trading charges and the prices vary from broker to broker. Another concern with fiscal brokers is in respect to safety may be manipulation of trading. Nonetheless, this is much more widespread in the example of Market Maker brokers who compete with customers on the stage. FX Primus is a online trading broker with its head office in Cyprus and provides a variety of instruments for trading.