FXPRIMUS is a legit broker? FXPRIMUS scam or safe? The spread is high or low? How to deposit or withdraw funds?
We provide answers to all the questions in this FXPRIMUS Review.
We check FXPRIMUS licenses and regulation status. Compared FXPRIMUS fees like spread & commission from its live account to other 150 brokers. The time for deposit & withdrawal and many more findings you can get in this Review.
What is FXPRIMUS
FXPRIMUS is a global CFD and Forex broker, established in 2009.
The broker expand globally and is regulated by CySEC in Cyprus, and serves legal regulated subsidiary in South Africa regulated by FSCA.
FXPRIMUS Highlights
🗺️ Regulated in | Cyprus, South Africa, Vanuatu |
🛡️ Is FXPRIMUS safe to trade | Yes |
💵 EUR/USD spread | 1.7 pips |
🏦 Deposit | Bank Transfer, Cards e-wallets |
💰 Minimum deposit | US$100 |
🏦 Withdrawal | Bank Transfer, Cards, e-wallets |
💻 Trading platform | MT4 |
💳 Trading markets | Forex and CFDs on Metals, Energies, indices, stocks, equities |
📈 Number of product | 130 |
📉 Live chat response | Relevant answers |
Regulation
License and regulation are the keys to trading security. We check two points the broker’s background with its licenses, and how trader is protected if something goes wrong.
Is FXPRIMUS legit
FXPRIMUS is legit and regulated in each region it operates.
The primary license is Cyprus Securities and Exchange Commission (CySEC) which is considered a good trusted regulation, even not as high as top-tier FCA. With a further expand, FXPRIMUS obtained license from FSCA in South Africa covering Africa region and global proposal is done via the offshore enityt in Vanuatu.
FXPRIMUS Licenses and Regulatory status
Entity | Registered in | Regulator | License no. | Status |
Primus Global Ltd | Cyprus | Cyprus Securities and Exchange Commission (CySEC) | 261/14 | Currently Regulated |
Primus Africa (Pty) Ltd | South Africa | Financial Sector Conduct Authority (FSCA) | no. 46675 | Currently Regulated |
Primus Markets INTL Limited | Vanuatu | Financial Services Commission (VFSC) | 14595 | Registered |

Is FXPRIMUS safe
We consider FXPRIMUS safe because it is regulated broker. FXPRIMUS is audited by CySEC according to MiFID and ESMA regulations. CySEC is not a top-tier authority with highest trust scores, yet is considered safe to trade.
FXPrimus has 3 entities, the matter of entity differ regulatory measures and compensations. In addition, FXPRIMUS provides professional indemnity insurance up to 5M$, which is a good plus to security.
In Africa and Europe regions FXPrimus provides safe trading environment, while international proposal is offered through offshore entity which is not as strict as serious regulators.
FXPRIMUS Compensation Scheme
Entity | Compensation Amount | Negative Balance Protection |
Primus Global Ltd | EUR20,000 | Yes |
Primus Africa (Pty) Ltd | No Compensation | Yes |
Primus Markets INTL Limited | No Compensation | No |
We recommend registering your account with CySEC or FSCA regulated entity and avoid Vanuatu subsidiary due to low regulations
FXPRIMUS applies negative balance protection for retail trader accounts, however regulations in Vanuatu does not demand this rule
Markets and Products
There is a good range of trading products at FXPRIMUS, including Forex and CFDs on Commodities, Indices and Equities, also range is different in each subsidiary.
Form the downside popular Cryptocurrencies and advanced range of each instrument category are not offered.
Markets | Instruments |
Forex | 45 |
Indices | 10 |
Commodities | 6 |
Cryptocurrencies | – |
Shares | 60 |
Account types
FXPRIMUS has two account types, ECN Premium Account and Variable Spread Account that differ in execution model, fees and minimum deposit.
Login
You can login FXPRIMUS from the official website, there are different domains in each entity.
FXPRIMUS Variable Account | FXPRIMUS ECN Premium Account | |
Minimum Deposit | 100 USD/EUR/GBP | 500 USD/EUR/GBP |
Minimum Balance | – | 500 USD/EUR/GBP |
Spreads From | 1.5 pips | 0.1 pips |
Commissions | 10$ per lot. | Zero Commissions |
Fees and commissions
FXPRIMUS fee levels we ranked as average for all instrument group based on the instrument and compare to 150 brokers that we check through Live account spread.
Spread for popular instruments we collect for 6 markets and 150 brokers
Markets | Instruments | Low | Average | High |
Forex | EUR/USD | 0.1-0.9 | 1-1.5 | 1.6 or higher |
Indices | US 500 | 0.1-0.4 | 0.5-1.4 | 1.5 or higher |
Commodities | Gold | 0.1-0.4 | 0.5-2 | 2.1 or higher |
Stocks | Tesla | 0.1-0.5 | 0.6-1 | 1.1 or higher |
ETFs | US Russell 2000 | 0.1-0.4 | 0.5-1.4 | 1.5 or higher |
Cryptocurrencies | Bitcoin | 0.1-0.5% | 0.6-0.9% | 1% or higher |
Spreads
FXPRIMUS fees are different in each account type.
ECN Accounts are offered with raw spread from 0.1 pips and commission of 10$ per lot, which is considered average and high compare to industry ECN accounts.
Comparing the spreads derived from Live Variable Spreads Account to industry benchmarks, we found all fees are in average levels.
Also, spreads are slightly different in each entity and some conditions may apply.
Markets | Instruments | Variable Account | Other brokers’ avg spread |
Forex | EUR/USD | 1.7 | 1-1.5 |
Indices | US S&P500 | 0.8 | 0.5-1.4 |
Commodities | Gold | 0.37 | 0.5-2 |
Stocks | Tesla | 0.10 cents per share RT | 0.6-1 |
ETFs | US Russell2000 | – | 0.5-1.4 |
Cryptocurrencies | Bitcoin | – | 0.6-0.9% |
Other Fees
FXPRIMUS non-trading fees are low. There is no fee for deposits but withdrawals adds on fee, also broker will not charge an inactivity fee.
Trading Conditions
FXPRIMUS trading conditions are good all trading strategies scalping and hedging are allowed.
Trading Conditions | Yes/No |
Hedging Allowed | Yes |
Scalping Allowed | Yes |
Change Leverage Allowed | Yes |
Hedging is allowed with no restrictions on positions.
Scalping strategy is also available, Expert Advisors (EAs) and Free VPS service is available for traders.
Leverage and the change of leverage ratios differ according to subsidiary regulations are 1:400 for South Africa and International proposal, and 1:30 European traders on Forex.
Deposit
FXPRIMUS covers deposit fees, the methods are different in eah jurisdiction, and typically you can use Bank Transfer, Credit or Debit cards, and e-wallets. FXPRIMUS also offering its prepaid MasterCard, and Bitcoin is available only through international Vanuatu entity.
Deposit Method | Funding Time | Fee |
Bank Transfer | 2-5 Working days | Free |
Credit Card | Instant | Free |
Skrill, Neteller, turstpay | Instant | Free |
Minimum Deposit
The minimum deposit is 100$ for Variable spread account,ECN account will demand a higher deposit of 500$.

Withdrawal
FXPRIMUS covers withdrawal from their side.
Similarly do deposits, withdrawal methods depending on the neityt conditions and are first refunded to credit card then can be followed to e-wallets or Bitcoin for international clients.
FXPRIMUS confirm and process withdrawal requests within 24 – 48 hours during working days.
Withdrawal Method | Withdrawal Time | Fee |
Bank Wire | 2 – 5 Working days | 0 $ |
Credit Card | 2 – 5 Working days | 0 $ |
e-wallets | 2 – 5 Working days | 0 $ |
Bitpay | 2 – 5 Working days | 0 $ |
Bonus
FXPRIMUS offers Bonuses or promotion programs only for international clients via Vanuatu entity. There is no No deposit bonus, but are active deposit bonus, trading bonuses, zero fees, etc. Other regulated entities of FXPRIMUS restrict any bonuses or promotions.

Trading Platform
FXPRIMUS mainstays on MetaTrader technology and does not offer any other alternative.
MT4
FXPRIMUS MT4 is good, it is packed with extra tools like Platinum APIs and Trading Tools Suite and available on desktop Windows or Mac, App or Web version across all range of instruments.

Research and Tools
Research at FXPRIMUS is good.
There are many tools to use in the platform including technical analysis tools, Connect with News Feed, Sentiment Trader, Marker Manager etc., plus you can find Economic Calendar and PAMM proposal for international subsidiary.
From downsides technical analysis or fundamental data from leading providers are missing, but FXPRIMUS organizes Expert Guests webinars.
FXPRIMUS Research tools available on:
- FXPRIMUS Platform
- Tools section on website

Education
FXPRIMUS education content is good, you can learn via Webinars, Seminars, education videos and access Weekly outlooks provided by in-house professionals.
At FXPRIMUS you can learn:
- Demo account
- Video tutorials
- Webinars, Seminars
- Expert Guests reviews and Weekly analysis

Customer Service
FXPRIMUS customer supported is responsive and eager to help. You can contact support in various ways including various popular messengers so it is easy to reach service line, also we got relevant answer via Live Chat.
FXPRIMUS Customer Service supports:
- Phone lines and Call back
- Live Chat, Telegram, Messenger, WhatsApp

FXPRIMUS Live Chat response is quick speed, the agents are helpful providing good answers
Question Asked | We ask about Crypto trading. |
Time of Reply | We were connected to Facebook Messenger within minutes |
Quality of Reply | The answer was informative, referring to relevant regulations |
Conclusion
FXPRIMUS considered a safe broker, even though it is a regulated broker by tier-2 authorities and is not regulated by top-tier authorities like FCA in the UK.
FXPRIMUS has good quality offering and the trading costs are good for both Variable spread account and ECN environment.
We recommend FXPRIMUS for traders who prefer MT4 trading platform solely with good costs, since there is no any alternative
Author of this review

By Jimmy O'Brien
Author of this review
Over 15 years experience in forex, commodities and equities markets research. He loves analyzing and trading the markets as a strategist and trader. In late 2019, Jimmy turned to researching and analyzing forex brokers. Now he and his team focus researching and comparing broker’s pros and cons.
Over 15 years experience in forex, commodities and equities markets research. He loves analyzing and trading the markets as a strategist and trader. In late 2019, Jimmy turned to researching and analyzing forex brokers. Now he and his team focus researching and comparing broker’s pros and cons.