This account also comes with the same additional benefits as the standard account with access to some extras such as trading signals for qualifying clients. They aim to provide one of the most secure trading conditions in the industry with high standards set for responsible trading fxprimus review and safety of clients. I am impressed with the great range of trading product and features they offer within a regulated environment. There are exactly 3 ways you can start trading with the broker. It’s either from their Standard Account, Premium Account or the VIP Account.
If you don’t, I’ll have to assume some scam company out there hired you to waste FPA time and resources. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-based Primus Zero account. Competitive commission-based MT4 accounts for high-frequency traders. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs.
A user with the nickname “Mohamad Faisal” writes that there are both positive and negative sides when working with this broker. He liked the bonuses, customer service, swap-free accounts, and multiple account types. However, he did not like the spreads and the requirement to have 1 account per ID. FX Primus MetaTrader 4 download option for all platforms are given individually in the official website of FX Primus. Apart of MT4, FX Primus also offers PANM, Platinum API, VPS etc. And finally, FX primus WebTrader login is available for all types of accounts to view and manage client’s trades directly from online.
However, because the broker is regulated by the CySec, FSCA and VFSC, there is a high chance that it is not a scam. With that being said, it still does not mean that FxPrimus is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions. After conducting some research on various social media platforms , as well as online trading forums, a general theme emerged where users were dissatisfied with their experience with FXprime. Based on this user feedback, it appears that FXprime is not a trustworthy broker, and hence, extreme caution should be applied before investing through their brokerage platform. Along with comprehensive offering, the broker’s efforts went on engaging in targeted strategies through the advanced educational resources suitable for traders of different levels. Designed education allows better provision and quality online trading, which FXPrimus recognizes as an essential part of success.
The negative balance of protection
We do not provide investment advice, offer or make solicitation of any investment products. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. There is a short online form to complete and you will need to verify your email. You will then need to upload a form of identification and proof of address. Once verified by the accounts team you will then be able to fund your account and start trading. I completed it within minutes and had an email right away with my login details.
Even if you don’t like it you can just easily opt out immediately. Trading withFXPrimuswill involvefees from $5 USD,spreadsfrom 0.5 pips to 1.7 pips, andcommissions of up to $10 USD depending on the account traders select. FXPrimus is a trusted brokers with top regulations including CySEC and FSCA South Africa . FXPrimus provides professional education and great research suitable for beginners, is one of the largest broker in South Africa, there is a selection of trading platforms and all trading styles are accepted. Fx Primus MT4 is a Forex trading platform that provides traders with various trading features, including live streaming and charting.
4 reasons why you can save your money by trading with Vantage Markets Are you tired of small but consistent fees that eventually cost you a grand? Here are 4 reasons how you can save your money with Vantage. With these concerns in mind, we decided to take a closer look at how FxPrimus MT4 works, its pros and cons, and whether it’s worth your time and money. Your bank can perform a charge back, ive had them done 12 months later against company’s as big as paypal when they refused to return money, just put pressure on your bank and it can be done. Where in your terms and conditions does it say you cant hedge a trade?
As well, Marie Calire Dael and Mary Jane Dael have marketing skills and true experience in trading which should be grateful by traders and listen by LIVE audiences. Yadix now offers Gold Swap Free Trading for all clients on MT4 Trade Gold with no swap points on Yadix. Fxprimus’s professional support and system helped my trading. If you don’t have a personal problem with the company, I believe you owe me and everyone else at the FPA an apology. I could have put the time it took to write this could have been used to help traders with real problems.
Opening an account is just a few steps always to step into the trading world. The users need to have a valid email id and give proper details about themselves in compliance with the regulators of the FXPRIMUS. After entering the details, users have to click on the verification link. After this step, users have to upload their documents for further verifications.
Lost FX Money for SCAM Brokers? Report it to FXPrimus!
Please be aware that this might heavily reduce the functionality and appearance of our site. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling https://forexbroker-listing.com/ of reviews and posts regardless of such relations. Aside from this the verification on their claims of having a MENA award for most Trusted Forex broker needed to be tested, which we were able to confirm. The company has indeed received the title of the most trusted Forex broker of 2015.
FXPrimus presents clients with two regulated entities and maintains an overall secure trading environment. TradingBrokers.com aim to provide unbiased broker reviews to give traders a clear understanding of the different brokers available to them. Traders can use our free service but should do their own due diligence and make their own decisions.
PrimusCent Swap-Free Account
The platform also offers advanced news analysis and social media feeds. This is an area in which FXPRIMUS really excel in my opinion. They have a team of experienced financial analysts that have compiled together a comprehensive library of educational training videos, seminars and webinars.
- Overall, FXPrimus can be summarised as a trustworthy broker that provides tailor-made account types and market-leading trading platforms to a global market.
- 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.
- A user with the nickname “Mohamad Faisal” writes that there are both positive and negative sides when working with this broker.
- The VIP service provides one on one personalised support with access to the brokers trading signals.
- Customer satisfaction is always our top priority and we strive to deliver an outstanding quality of services to all of our clients.
There’s a 24/5 hour live help and you can reach them via phone, email and live chat. The good news is that they have agents that speak Bahasa Melayu so you can communicate with someone who speaks your local language. We had the chance to test out most of these channels and were very satisfied on the customer service quality hence the Support score of 13/15. For the Variable account type, the accepted minimum deposit is $100 while for the ECN Premium account, it’s $500. Based on our grading system, there were able to get a Minimum Deposit score of 4/5. Second, Platinum API. To get access to this software, a minimum deposit of $50,000 is required.
Horrible customer experience.
While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that FxPrimus is not a scam, read our trader reviews and check other popular trading related websites and forums. The source of this information is the website and the broker’s trading platform listed in the Web section of this review. The operator of this website does not verify this information and is not responsible for its accuracy, completeness, timeliness, truthfulness or the compliance of a broker with legal regulations.
Placing an order is a quite simple process, as you may trade and open trade directly from the chart through a selection in the menu ‘Place Order’. Further on, and once you’re ready you can proceed with necessary verifications of your identity and open already Live Account with all the benefits offered by FXPrimus. So in order to create a Demo Account, which is a great and necessary option for your practice before you jump to Live trading you simply should follow the next steps. What solidifies my stay is the senior broker who I’m assigned too Jack, he has assisted wherever needed and always makes time to chat and advise. I’ve tried to add withdrawal info but when I do the button to submit stays grey.
Trading Forex, CFD, Binary Options, and other financial instruments carries a high risk of loss and is not suitable for all investors. The information and videos are not an investment recommendation and serve to clarify the market mechanisms. The texts on this page are not an investment recommendation. 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.
According to our FXPrimus broker review, this broker has in its offer around 130 assets, which is a bit lower if you compare it to other brokers on the market. When it comes to leverage, due to FXPrimus regulation, you can check with customer support which regulation are you eligible to have. Since FXPrimus broker has CySEC regulation and FSCA, for their customers coming from Europe and South Africa, we can say that this broker is safe for people coming from these countries. For all the other clients, they are applying regulation of VFSC, an offshore and not so safe regulator. The secure back office of FXPrimus handles all financial transactions, where traders have access to ten payment processors. The written content features high-quality and well-written topics.
As per our investigations your trading technique aimed to abuse the gap in the markets and the negative balance protection offered to clients. This is prohibited and according to clause 18.1 of the Company’s Terms and Conditions which can be found here, the Company has every right to recoup illegal profits and close your account. On their website, they provide online trading services for Forex market and CFDs, including Crypto.
Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. Index trading is for those with a keen eye for changes in a certain sector or a group of stocks. FXPRIMUS have a decent range of trading calculators that can help risk management when preparing for a trade. The trading calculators include a pip calculator, Fibonacci calculator, currency calculator and pivot calculator. I think these will be useful if you need to perform quick calculations when preparing your trades.
One of the best platform when it comes to providing an opportunity to traders. Specially creates environment where, small investors or retail traders could sustain and on how to trade and how can it be sustainable for longer term which is the best of it. ✅ Regulated – CySEC ✅ Company – FXPRIMUS CY Ltd. ✔ To find the more best brokers reviews Listed. Lowest Forex Spread Ranking – EURUSD 0.0 pips trading with licensed brokers Forex Brokers Ranking.
The company behind FxPrimus MT4 has been in business since 2013 and has a solid reputation among traders who have used its services. However, there have been complaints about the platform’s lack of customer support and other issues. So I have one of these trading accounts as well and the broker wants me to send money to get money out. My question is how do I transfer out my funds directly without going thru the scam broker? I have the funds locked in the account, managed to change passwords before they could draw down the account.
FXPrimus broker operates under the regulation of CySEC, FSCA, and VFSC. Based on this, we can say that this broker is not safe for any customer coming from countries other than EU and South Africa. They belong under the Vanuatu VFSC, which is by itself considered not safe. CySEC gives them authority to work with EU clients, FSCA is South African regulation, and VFSC is an offshore Vanuatu regulation.