In addition, the company’s commitment to offering a safe and efficient trading environment is evident in the use of modern encryption technology and access to high-speed cloud services. This comprehensive range of services allows customers to quickly diversify their portfolios across several asset classes on a single platform, hence improving their trading experience. Regrettably, phone support is unavailable, and a direct line to the finance department where is missing.
Masters’ trade results are published on the website upon login so that you can review their performance and risk profile to select a trader that is right for you. For more experienced traders, FXPrimus also provides access to MetaTrader 5 (MT5). FXPrimus has over 300,000 customer accounts and is active in more than 140 countries. The award-winning trading brand offers opportunities on more than 200 markets. A variety of accounts are offered to suit different trader needs, including a $15 starting deposit with the Cent solution. Experienced customer support representatives will deal with your questions within a four-minute time limit in a variety of languages during every market day in your respective time zone, 24/5.
How Can I Open FXPrimus Account? A Simple Tutorial
FXPrimus provides professional education and great research suitable for beginners, it offers a good selection of trading platforms, and all trading styles are accepted. We also marked relatively low trading fees as compared to other brokers in the market which makes the broker a highly attractive option, especially amongst beginner traders. In our evaluation, FXPrimus provides a satisfactory range of trading platforms and tools, which we consider average for the industry. With access to popular platforms like MetaTrader 4, MetaTrader 5, and cTrader, alongside a proprietary platform, traders have a decent suite of tools to enhance their trading experience.
He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University. Forex trading is available on the platform from Sunday evening through to Friday. Head to the broker’s official website for a breakdown by asset, including public holidays and closures.
Step 2: Time to verify your account
The multi-regulations and high security of customer funds show us that this forex broker is not a scam. FXPRIMUS is a unique trading platform that offers a variety of services to users. Besides, its numerous achievements along with the advanced trading conditions have gained recognition and high appraisal, along with numerous industry awards. All in all, FXPrimus is a good broker with favorable conditions that ensure clients are protected and provided with advanced features for a profitable experience. The broker offers a good range of instruments for trading, along with the option of technological ECN connectivity and raw spreads.
Thus, the clients can trade shares of famous companies from different industries. However, this restricts those traders who look for traditional investments and ownership of real shares. The broker ensures that traders have access to WebTrader, to conduct trading directly through their preferred web browser with no installations required. It works well with any operating system and type of browser and requires only the internet to access the market. You can contact FXPrimus customer care via live chat support and other electronic communication modes available at the FXPrimus trading platform.
Tools
- This commitment to client protection can help traders feel more confident in their choice of broker and encourage long-term trading relationships.
- Yes, FXPRIMUS is a secure broker, regulated by CySEC and VFSC, and uses various security measures to protect clients’ funds, such as segregated accounts and negative balance protection.
- Yes, they secure withdrawals and deposits with SSL encryption and verification processes.
In addition, it provides access to 130 markets, including forex, commodities, cryptocurrencies, and stocks. Every trader or investor will receive a demo amount of approximately $50,000. Therefore, they can quickly learn different trading strategies, price action movement, and several other aspects without much problem. The users can access the MT4 mobile trading platform to access their accounts on mobile to start their trading whenever they are away from their laptops. Thus, mobile trading plays a vital role in facilitating the users of FXPRIMUS.
However, the main drawback is the broker’s reliance on an offshore entity for international trading. Beginner traders can start by trading forex pairs, as well as commodities, indices, and even cryptocurrencies. With leverage options, you can control a larger position with a smaller amount of capital, though it’s essential to understand how leverage works to avoid significant risks. FXPrimus features four account types, including one Cent account, only available with the MT4 trading platform. Cent and Classic are more expensive commission-free accounts, while Pro and Zero are commission-based, where the latter ranks among the cheapest ones and the account type I highly recommend at FXPrimus. We found that FXPrimus fees predominantly depend on the account type traders choose.
I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. FXPrimus presents clients with two regulated entities and maintains an overall secure trading environment. FXPRIMUS offers approximately a 100% bonus on the deposit, which is indeed one of the plus points of this online brokerage platform.
FXPRIMUS fees compared to Interactive Brokers fees
- Traders have access to popular company shares such as Disney, American Express, eBay, FedEx, and more.
- Beginner traders can start by trading forex pairs, as well as commodities, indices, and even cryptocurrencies.
- Trading in Forex involves a significant risk of loss and may not be suitable for every investor.
- Traders can swiftly create them in MT4/MT5, but I recommend a demo account balance similar to their planned live deposit.
- FXPrimus charges a few additional fees, except for the main spreads and commissions that have already been mentioned.
- While its VFSC (Vanuatu) license is considered offshore, FXPrimus’s compliance with European Forex guidelines solidifies its reputation as a safe trading platform.
The list of available indices includes highly popular ones such as the Dow Jones Industrial Average, S&P 500, etc. Traders have access to popular company shares such as Disney, American Express, eBay, FedEx, and more. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. If you have traded with FXPrimus we would really like to know about your experience – please submit your own review.
To prevent delays, clients are advised to provide supporting documentation when funding their trading accounts. Credit card transaction processing is usually up to 5 minutes, and the minimum withdrawal amount is 100 USD. Supported currencies for credit card transactions include USD, EUR, SGD, GBP, PLN, and HUF. FXPrimus’s provision of negative balance protection on all their trading accounts, except the demo account, highlights their commitment to protecting their client’s financial well-being. These resources can help traders make more informed decisions by providing valuable insights into market conditions, upcoming events, and potential trading opportunities. In conjunction with its educational efforts, FXPrimus delivers a wealth of research tools and materials.
Before you trade, AskTraders.
FXPrimus excels in customer support, providing prompt and efficient assistance throughout the account opening process, trading, and general service inquiries. The support team is accessible through a variety of channels, including live chat, international phone lines, and email. Additionally, the global outreach is enhanced by the availability of support in numerous languages, facilitated by FXPrimus entities worldwide.
Bonuses and Promotions
They are a testament to the ongoing effort by FXPrimus to maintain a competitive edge for its clients. I recommend beginners read them to understand some basics before enhancing their education with trusted third-party sources available online free of charge. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.
FxPrimus has built a solid reputation among traders, with an overall positive rating across multiple review platforms. Google reviews and Trustpilot ratings reflect high customer satisfaction, particularly for their user-friendly platform and responsive customer support. Credit/debit cards and e-wallets support USD, EUR, SGD, GBP, PLN, and HUF. Only verified trading accounts may request withdrawals, and FXPrimus processes withdrawal requests Monday through Friday between 0700 and 2100 (GMT+2). The former has eleven video tutorials, which guide beginner traders through the fxprimus review account opening, verification, and funding, installing the MT4 trading platform and registering as a partner. There is a big chart view in the middle of the screen; there are multiple options on the screen that users can change as per their choice.
This accessibility allows potential clients to get answers to their questions, receive assistance in navigating the platform, and better understand the broker’s services before committing. This level of support must be available not only to existing clients but also to potential clients. In terms of protection of client funds, FXPrimus offers negative balance protection on all their trading accounts except for the free demo trading account.
