FXPRIMUS Review

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

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
• Email

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