FXPrimus Review: Unbiased Expert Analysis 

In this review, we will give you an analysis review of FXPrimus, a popular forex trading broker. Starting back in 2009 and based in Cyprus, FXPrimus has become recognised by numerous traders for its reliability. 

This review will cover everything you need about  FXPrimus, including its services, account types, regulations, and promotions. 

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FXPrimus: Overview 

FXPrimus, a forex trading broker that’s been making waves in the industry, started its journey in Cyprus in 2009. This origin is a significant part of their identity and success story. Cyprus, being a hub for financial services in the Mediterranean and European Union, has provided FXPrimus with a strategic advantage. The location has helped them gain a strong foothold in European markets while also catering to traders globally. 

FXPrimus stands out in the forex trading industry with a diverse range of products catering to different trading preferences. They offer forex trading with a variety of currency pairs, including major, minor, and exotic pairs. Traders also have access to commodities like gold and oil, allowing for diversified investment strategies.

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Regulation and Registration 

FXPrimus operates under two main entities, each regulated by different financial authorities. Primus Global Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) under registration no. 261/14. Additionally, Primus Markets INTL Limited is authorized by the Vanuatu Financial Services Commission (VFSC) with registration no. 14595. 

This dual regulation demonstrates FXPrimus’s commitment to maintaining high standards of financial integrity and consumer protection.

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Account Types of FXPrimus

PrimusCLASSIC

• Minimum Deposit: 15 USD
• Spread: Starting from 1.5 pips
• Commission: 0 USD
• Maximum Leverage: Up to 1:1000 (MT4), 1:1000 (MT5)
• Base Currencies: USD, EUR, GBP, SGD, PLN
• Maximum Open Positions: 300

PrimusPRO (Most Popular)

• Minimum Deposit: 500 USD
• Spread: Starting from 0.3 pips
• Commission: 8 USD  (MT5) | 10USD  (MT4)
• Maximum Leverage: Up to 1:500 (MT4), 1:1000 (MT5)
• Base Currencies: USD, EUR, GBP, SGD, PLN

PrimusZERO

• Minimum Deposit: 1,000 USD
• Spread: Starting from 0 pips
• Commission: 5 USD
• Maximum Leverage: 1:500
• Base Currencies: USD, EUR, GBP

PrimusDEMO

• Minimum Deposit: 0 USD (Demo Account)
• Spread: Starting from 1.5 pips
• Commission: 0 USD
• Maximum Leverage: 1:1000
• Base Currencies: USD, EUR, GBP

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Deposit and Withdrawal

FXPrimus offers various methods for depositing funds and starting trading, including bank wire transfers, local transfers, credit cards, and e-wallets. The minimum amount is set at 100 USD, and FXPrimus covers the fees. The processing time for withdrawals can range from 1 to 5 working days, depending on the method used.

FXPrimus offers versatile withdrawal options, including credit cards like Visa, Mastercard, and American Express, as well as the FXPrimus Mastercard, all with no fees and processing times of 4-8 days. Electronic payments through platforms like Neteller, Skrill, and ecoPays also have no fees and are processed within 24 hours.

Bank wire transfers are available with no fees and a processing time of 2-5 days, while cryptocurrency withdrawals through Bitpay are processed within 24 hours, also without fees. 

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Products in FXPrimus

FXPrimus offers traders a comprehensive selection of financial instruments, including:

• Forex 
• Metals
• Equities
• Indices
• Energies
• Futures

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Trading Platform of FXPrimus

• MetaTrader 4
• MetaTrader 5
• cTrader

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Fees of FXPrimus

FXPrimus offers trading with fees starting at 5 USD, with spreads ranging from 0.5 to 1.7 pips, and commissions that can go up to 10 USD, depending on the type of account a trader chooses. This flexible fee structure allows traders to select an account that best suits their trading strategy and budget. 

The minimum deposit required to start trading with FXPrimus is just 15 USD, making it accessible to a wide range of traders. Additionally, FXPrimus provides leverage options up to 1:1000, offering traders the ability to amplify their trading positions within the market.

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FXPrimus Promotions

FXPrimus offers a 25 USD sign-up bonus for new and existing clients depositing 100 USD, exclusively available for the PrimusCLASSIC account type on the MT4 platform.

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Customer Support

• Email: [email protected]
• YouTube: FXPRIMUS – The Safest Place to Trade

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Pros & Cons 

Pros Explained

• FXPrimus offers a suite of analytical tools that help traders make well-informed decisions. These tools include advanced charting capabilities, technical indicators, and market analysis features. They are crucial for traders who rely on technical analysis to predict market movements and identify trading opportunities.

• The broker provides an additional safety net through capital insurance. This means that traders’ funds are insured, offering protection against unforeseen losses. This feature is particularly reassuring for traders, as it enhances the security of their investments.

• FXPrimus offers a variety of account types tailored to individual trader needs, from beginners (PrimusCLASSIC) to experienced (PrimusPRO) and professional traders (PrimusZERO), along with a risk-free PrimusDEMO for practice, ensuring an option for every trading style and financial goal.

Cons Explained

• One of the drawbacks of FXPrimus is the relatively slow processing time for deposits and withdrawals. This can be inconvenient for traders who need quick access to their funds, whether for trading purposes or personal use. The delay in processing times can impact trading opportunities and cash flow management.

• FXPrimus charges swap fees for positions that are held overnight. Swap fees can affect the profitability of trades, especially for those who employ long-term trading strategies. Traders need to factor in these costs when holding positions over multiple days, as they can accumulate over time.
• FXPrimus does not offer its services in certain regions, including South Africa and the United States. This limitation significantly restricts the broker’s accessibility to traders in these areas, posing a considerable downside for potential clients living in regions where FXPrimus’s services are unavailable.

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Is FXPrimus Worth Considering?

Choosing FXPrimus as your forex broker depends on a few important factors. They offer a wide range of trading options and have flexible accounts for all trader levels, which is a big plus. However, they don’t operate in South Africa and the U.S., which could be a major issue for traders there. Also, their fees and commission rates vary, so it’s important to see if they fit your budget and trading style.

FXPrimus presents itself as a strong contender in the forex market, given its range of services, commitment to security, and various trading tools. The decision to choose FXPrimus should be based on how their offerings align with your specific trading needs, geographical location, and financial goals. The potential limitations in terms of service availability and cost structure are important considerations before making your final choice. 

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FAQs

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