FXPrimus Review year : Pros, Cons & Ratings
FXPRIMUS is an online FX and CFDs trading provider regulated in multiple jurisdictions. The broker delivers a safe environment with the best execution speeds combined with innovative technology. The broker has gained numerous rewards by being recognized as one of the best Forex providers in the market. The broker established its offices in Vanuatu, along with a Forex Broker in Cyprus, South Africa, and other countries around the world to cover the global needs of their clients. I rank trading costs among the most defining aspects when evaluating an exchange, as they directly impact profitability.
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. FX Primus offers Virtual Private Servers (VPS) to its clients who want to automate their trading 24/7.
Brokers By Licenses
FXPRIMUS host global seminars and webinars to try and help educate traders of all experience levels. Registration and attendance are free and anyone who is interested in learning more about trading is welcome to attend. Not many brokers provide this so it is something that helps to differentiate them from other brokers. 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.
It comes with access to the FXPRIMUS educational resources, trading tools, daily market outlook, SMS alerts and one on one consultation. 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.
- Customer support is available in an impressive number of languages including English, Chinese, Vietnamese, Thai, Malaysian, Russian, Spanish, Portuguese, Arabic, Hungarian, Indonesian, Swedish, Czech & Farsi.
- Also, traders of any expertise level are welcomed since the broker provides an excellent range of educational resources and research tools.
- FXPrimus offers the core MT4, MT5, and cTrader trading platforms but does not provide any MT4/MT5 plugins necessary to upgrade the out-of-the-box versions to cutting-edge trading platforms.
- The broker supports multiple trading styles backed up with high leverage making it the best choice for traders of any type.
You may refer to the support with any concern and count on quality service while the support team accessible via Live Chat, International Phone Lines, and email. SMS alerts and email alerts are another category and truly useful tools that are available at FXPrimus MT4 platforms, allowing you flexibility rather than sitting and watching charts continuously. You may select an instrument or a few, that you are watching and set specified levels the price reach, so you will receive a notification directly to your phone or email once the price is there. FXPrimus does not restrict trading styles, so you may use either scalping or hedging, along with social trading options which we will see in more detail further. Since the broker decided to mainstay at the MetaTrader4 there are available versions for Desktop Windows, Mac, Android, and iOS mobile trading devices, also through MetaTrader Platform Web Trader.
I always like to check the latest market news to help me with my trading decisions. I think it would be good if the MT4 platform included a built-in calendar like MT5 does. FXPRIMUS client funds are held in segregated bank accounts separate from the brokers funds and therefore cannot be used for any other purpose such as running costs.
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. Accounts can be opened in a decent choice of currencies which are EUR, USD, GBP, SGD, PLN. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.
On the market today, the most innovative and complex trading platforms are MetaTrader 4. The great range of funding solutions offered to its clients across the globe allows them to fund their accounts with trust, safety, and confidence. However, always make sure to verify according to your residence and entity of FXPrimus what conditions and methods are applicable to you. Leverage may magnify your exposure to markets, yet the probability of profits or losses increases in parallel, which makes it essential to learn how to use leverage smartly. FXPrimus does not have a legal entity in Malaysia, nor regulated by the local authority that regulated financial firms Bank Negara Malaysia BNM.
However, if you’re a professional trader or require better capabilities of the platform desktop version for you is a must. You may choose the MT4 Desktop version either for Mac or Windows depending on your device and use its full capabilities. These fees should be considered by you also, typically brokers primus fx do charge accounts in case there is no activity for a period of six months or more, known as the FXPrimus Inactivity fee. FXPrimus is an ECN (electronic communications network) broker meaning that it gives clients direct access to other participants and uses prices from different liquidity providers.
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. Equity trading remains commission-free, and swap rates on leveraged overnight positions remain low, increasing the cost advantage for active, leveraged traders. I highly recommend the Primus Zero account, which ranks among the cheapest ones available.
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. Along with comprehensive offerings, the broker’s efforts went on engaging in targeted strategies through 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.
Founded in 2009, FXPRIMUS is an online trading broker with great emphasis put towards client safety and education whilst utilising new technologies to continue to improve their offering to traders. I was impressed by the excellent range of trading tools for conducting chart analysis and finding trading signals. I like how the broker gives you a choice of trading accounts depending on your strategy and has a good variety of convenient funding options.
MetaTrader 4 (MT4) is one of the most popular online trading platforms used by millions of traders around the world. I can code my own systems in the MQL4 language or get access to thousands of free and paid tools from other users from within the platforms marketplace. The broker offers trading instruments across multiple markets through MT4 including Forex, Commodities, Cryptocurrency & CFDs. MT4 is freely available in more than 30+ languages for desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet).