In addition, you can choose pro accounts with tight spreads starting from 0.3 pip and a minimum commission of $8. Finally, you also have an option of zero accounts where spreads start from 0.0 pip and commission starts from $5. FXPrimus is a global financial trading broker that is known to offer access to Forex, Stocks plus Commodities across both web and mobile platforms. Trading platforms made available by FXPrimus include the MetaTrader Suite and cTrader with 4 Live trading accounts made available for every level of trader experience. Overall, FXPrimus can be summarised as a trustworthy broker that provides tailor-made account types and market-leading trading platforms to a global market.
Like depositing money, you can also withdraw your profit via bank wire, local wire, credit cards & e-wallet. For local wire transfer the minimum transfer amount is USD 50. You may already fxprimus review read FXPrimus reviews before since this is one the most popular and secured online broker. Based on Cyprus, this broker started its journey from 2009 mainly focusing on the retailers.
These rules are also monitored and audited by the regulatory bodies, which we recall to your attention again why regulated broker considered safe and eventually the only recommended brokers. FXPrimus ECN Premium account is for the traders that make a deposit greater than $500. With this account, traders are able to get all information, trades, signals, and updates via SMS. Also, this type of account includes a weekly informative financial trading seminar and lowest spreads starting from 0.
Master the markets with IQ Option
The broker offers the Meta Trader 4 which is used worldwide and classified as the best trading platform. The MT4 supports Windows and Mac and is available as desktop and browser version. The platform is meanwhile available in 30 languages to cater even more traders from non- English areas. The other platform by this broker is the Platinum API. This platform is not for beginners since it takes $50,000 to trade on this sophisticated platform.
This did not happen with other brokers, so the user assumes that this has something to do with the broker. Second, Platinum API. To get access to this software, a minimum deposit of $50,000 is required. This pays off by making the margin requirements 1% for some of the available instruments. All traders will find something to work with if they decide to open an account with FXPRIMUS. However, if you want to work with cryptocurrencies, this is not your choice. You can try one of the alternative services that we have previously reviewed.
Customer support and services
The FXPrimus review will give you an insight into the broker’s service package. The Forex market is merciless, and brokers have to work hard to stay in business, despite the fact that it is the most liquid market of all times. With FXPrimus you’ll get access to trade over 120 Instruments including Forex, Commodities, Stocks, Energies, indices, and cryptocurrencies. 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. 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.
To explain it easier, in the moment when the market becomes more volatile, a variable spread will become wider. Even though the spreads are great at the ECN account, they don’t get full points in pricing. I know that they of fer 1 to 1 coaching if our funding is usd 250 or more. Finally, we’ve included a list of some of the most popular funding options available to FXPrimus traders below.
There also is a broad choice of timeframes and automated trading is supported. These include the popular MetaTrader 4 software, the less known Platinum API that provides direct market access, and VPS Service. When deposits are made, the service does not charge anything above. Also, if an unsupported currency is used, it will be automatically converted and there may be some losses. You will be unable to top up your account if you use an account that is not registered on your name.
FXPrimusoffersIslamic swap-freetrading on three trading account levels. PrimusCent Swap-free PrimusClassic Swap-Free and PrimusPro Swap-free. FXPrimus offers Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries. FXPrimusis well-regulated by the Cyprus Securities and Exchange Commission , the Vanuatu Financial Services Commission , and the Finacial Sector Conduct Authority respectively. Moreover, all client funds are kept in segregated accounts with tier-1 Banks. Negative balance protection is additionally offered and internal as well as external audits of accounts are noted.
What you’ll need to open an account with FXPrimus
CTrader is the perfect trading platform for both novice and experienced traders looking to trade worldwide markets. FXPRIMUS cTrader will alter your trading approach with its powerful risk management, rapid execution, and exact market analysis tools. FXPRIMUS has a reasonable product portfolio of around 130+ financial instruments. The broker offers popular asset classes such as forex, CFDs, stocks, indices, commodities, options, bonds, and cryptocurrencies. 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 features four account types, including one Cent account, only available with the MT4 trading platform.
Although the minimum deposit following an account opening in FXPRIMUS is quite high for new traders, this broker greatly emphasizes the importance of educational features. Traders can take advantage of numerous features like Weekly Outlook, Expert Guests, tutorial videos, and Webinars that serve educational purposes as well as analytical importance. On the deposits and withdrawals front, FXPRIMUS generously gives traders with 0% fee policy. It enables traders to be more flexible in managing their deposit and withdrawal numbers without considering the number of fees that may be applied to their transactions.
- FX Primus MT4 Windows & MAC platform supports 30 languages and also different instruments like Forex, Futures, Indices, Equities and other CFDs.
- Furthermore, our FXPrimus Malaysia review is showing that they do not have regulation by Bank Negara Malaya, central Bank of Malaysia.
- Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.
- They offer true ECN account from $2,500, spreads are as low as 0.0 pips (yes, 0.0 pips).
- Withdrawal, im not sure about others since im using Escrow services my withdrawal usually settle in just an hour, the max is 6 hours, but their disclaimer is 24hours for escrow withdrawal.
Jacki Grewal from FxPrimus is highly supportive business development manager. He helps in business expansion like nobody from no comoany does. The FXPrimus infrastructure has an interweaving number of advanced trading tools and algorithms that fit together well to be run more or less simultaneously. Compare Broker’s mission is to help you compare brokers and find the one which suits your trading needs free of charge.
Is FXPrimus safe or a scam
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. In order to allow us to keep developing Myfxbook, please whitelist the site in your ad blocker settings. By definition if the spread if fixed it can’t be 15pips…you underwent slippage that’s it.
Is FxPrimus regulated?
There are multiple trading pairs, forex, indices, and other commodities the users can search as per their interest. It offers a demo account worth $50,000 to give a real-time experience to users. The hard-working team of FXPRIMUS is determined to facilitate users by offering different types of promotions and offers. AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities.
For instance, it is possible to withdraw the funds only to the account and method with which you made a deposit. The withdrawal processing time also depends on the selected method. It may take up to three business days before the funds appear on your wallet.
This established brokerage is now a front-runner in the UK online FX arena. It sets itself apart from the competition by offering the highest standards for traders. In addition to 120+ tradable instruments, clients get to partner up with the professional account managers and trading experts at FX Primus. A wide range of educational tools and resources is provided to assist traders in all aspects of their trading activity. FX Primus seeks to maintain its status as industry leader by offering ongoing innovation, maximum online security, and the safest didactic trading tools on the market.
Forex traders often use leverage to profit from relatively small price changes in currency pairs. Leverage, however, can amplify both profits as well as losses. So together with advanced learning materials, the company specialists delivering various Research tools and materials. Which includes news feeds available directly to the traders and helping with informed decisions throughout daily market outlooks, trading signals, videos, training sessions and tailor-made market reports.
I always recommend that traders check them before evaluating the total trading costs. Here is a screenshot of the FXPrimus quotes in their MT4 during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. 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. Therefore, there is no alternative of your success than regular study.
For instance, users can select the timings of candlesticks and use other trading indicators to have a good sense of technical analysis. The users can also select the day and night vision with their ease. The MT4 trading platform https://forexbroker-listing.com/ can be downloaded from the website for windows 7, 8, and 10. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation.