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FXPrimus Review [2022] – Plus Free Bonuses!

FXPrimus Review 2022
  • Regulated
  • Customer Support
  • Trading Platform
  • Joining Bonuses
5

FXPrimus is one of my favourite forex brokers right now. There is a lot I like about them, although there are also one or two negatives, which I will be honest about and explain to you in my detailed video review.

In addition to creating this FXPrimus review, I also wanted to offer some free bonuses if you decide to open an account with them. I’ve negotiated some very exclusive bonuses with this broker, so make sure you sign up using my link in order to receive these rewards.

>> Click Here To Sign Up To FXPrimus <<

Please take your time watching/reading my FXPrimus review, but if you do end up opening an account with them, here are the bonuses you will receive if you sign up with me;

✔️ 100% Deposit bonus (paid to your account as soon as you deposit funds)

✔️ Free VPS

✔️ Swap-Free Account (no more overnight fees!)

✔️ Dedicated Account Manager

✔️Leverage up to 1:1000

In order to claim these benefits, you need to sign up using this link – FXPRIMUS

FXPrimus is a licensed online brokerage company that engages in Forex trading as well as social trading. It is recognised all over the world as one of the most prominent brokers with high ratings and good reviews, according to most customers online. 

FXPrimus trades over 120 instruments, including commodities, Forex, stocks, metals, indices, energies, shares, and cryptocurrencies. Because of its many years in the business, it is one of the go-to companies for responsible and safe trading. 

>> Click Here To Sign Up To FXPrimus <<

FXPrimus is a trusted broker operating online and one of the largest brokers in South Africa. Its headquarters office is based in Cyprus and has an office in Vanuatu.

The online platform serves locals and international traders in Forex trading and Social trading. Its regulatory commissions offer a safe trading environment to protect its users from scams, fraud, and malpractice. 

This review will inform you more about FXPrimus’ features in trading. You’ll also get a walkthrough of the platforms used in trading.

About FXPrimus 

FXPrimus is a global online trading platform that started in 2009 and is now in its 13 years. It has platforms such as MT4, MT5, and cTrader that the following commission regulates:

  • Cyprus Securities and Exchange Commission (CySEC)
  • Vanuatu Financial Services Commission (VFSC)
  • Financial Sector Conduct Authority (FSCA)

The brokers online won’t be able to manipulate market prices since these commissions control them. 

Security

Your money is safe with FXPrimus since it uses a Tier 1 bank. This tier 1 bank has a track record of financial strength as it has strong capital reserves and can withstand unexpected losses. 

FXPrimus protects the client deposits as it’s not mixed and gets used as part of the corporate funds. One of the regulation commissions, CySEC, with its subsidiary, traders, has an investor compensation fund of up to 90% of deposits with a limit of €20,000.

Although deposits are safe with this type of bank, it still depends on the users on how they’ll manage their finances and their losses. This may be due to their lack of experience in trading, high-risk trading, or not doing enough research on market trends.

FXPrimus Platform Overview

The MT4, MT5, and cTrader support algorithmic trading that speeds up the computing process on price movement in the market and time. Buying or selling orders would save you time as these platforms scan markets on your behalf.

These platforms’ copy trading lets you copy the trading operations from one account to another in real time.

Metatrader 4 (MT4)

The Metatrader 4 platform is available on the following devices:

  • Desktop Windows, Linux, and Mac
  • Android and iOS

Forex traders of all experience levels can use the MT4 with its user-friendly features. Its charting features for analysis and forecasting support the following instruments, such as:

  • Forex
  • Futures
  • Indices
  • Equities
  • CFDs and more

Metatrader 5 (MT5)

The MetaTrader 5 platform has won Global Forex Awards for being the Best Multi-Asset Trading Platform, which is also available on the following devices:

  • Desktop Windows, Linux, and Mac
  • Android and iOS

MT5 uses Market Depth, a powerful trading system that supports traditional netting and hedging option systems. Within the platform, you can also do so much with their built-in tools, such as: 

  • Comprehensive, detailed analysis for minor price movements with the available 21 timeframes
  • Choosing between thousands of free indicators from the Code Base
  • Create your indicator using the MQL5 programming language

cTrader

The cTrader platform provides solutions for Forex and CFD brokers. It creates a detailed trade analysis that gives insights into your strengths and weaknesses. 

Also, it provides advanced risk management settings to guide, especially beginners, in avoiding the risk of huge losses through proper risk management. This involves managing your money for profit and loss and calculating the position size.

cTrader Copy

Within the cTrader platform, the cTrader Copy lets you become a Strategy Provider where you can broadcast your trading strategy as a commission. 

 

Joining FXPrimus

Getting started on signing up for a user account includes filling up a short application form that asks for personal information such as name, e-mail, username, country, and phone number.

Users need to also pass the verification by submitting the following:

  • Government-issued ID
  • A passport
  • One proof of residency document.

Take note that FXPrimus accepts international traders except those that live in the following countries: 

  • Australia
  • Belgium
  • France
  • Iran
  • Japan
  • North Korea
  • USA

>> Click Here To Sign Up To FXPrimus <<

Funding Methods

You can fund your account with these accepted funding methods:

Credit cards

  • VISA or MasterCard
  • Debit cards
  • Bank Transfer.

Electronic wallets (eWallets)

  • Neteller
  • Skrill
  • Payoneer
  • SafeCharge
  • TrustPay
  • EmerchantPay
  • Bitcoin
  • UnionPay
  • FasaPay
  • Giropay.

Withdrawal

FXPrimus deposits and withdrawals are free of charge. But third-party costs may apply. The minimum withdrawal for all the payment processors is $100.

Also, only the verified accounts can make withdrawal requests on Monday through Friday between 0700 and 2100 (GMT+2).

Customer Support 

FXPrimus customer support is available 24/5. Concerns and issues are relayed through:

  • Email response may be as fast as 2 minutes or up to 3 hours.
  • Live chats through the Messenger app, WhatsApp, WeChat, Zalo, Line, and Telegram, where you can receive a response within 3 minutes.

Frequently Asked Questions About FXPrimus

  1. I Have Questions About Opening An Account. Who Should I Speak To?

    Trade Wise has secured a dedicated onboarding Account Manager, called Anka. You can email her directly with any questions you might have at anka.bakrac {at} fxprimus.com

  2. Is FXPrimus A Regulated Broker?

    Yes. FXPrimus are very tightly regulated, primarily by the Cyprus Securities and Exchange Commission (CySEC), but they are also regulated in other countries. Here is a summary of their regulation credentials:
    – Primus Global Ltd, regulated by CySEC, with licence no. 261/14.
    – Primus Markets INTL Limited, regulated by VFSC, with registration no. 14595.
    -Primus Africa (Pty) Ltd, regulated by FSCA, with licence no. 46675.

  3. Is My Money Safe With FXPrimus?

    FXPrimus are one of the safest brokers in the world. They are regulated to ensure that customers are protected by CySEC standards. They also have a number of additional security features in place, such as negative balance protection (meaning you can’t lose more than is deposited in your account) and broker insurance (to secure your funds should the broker themselves go bankrupt).

  4. How Can I Deposit And Withdraw My Money?

    It’s very easy to deposit funds and you can withdraw them at any time. There are various ways to deposit and withdraw. If you have any issues with withdrawing funds you can speak to your dedicated account manager or message withdrawal@Fxprimus.com.

  5. Can I Trade With FXPrimus In The USA and Canada?

    No. Unfortunately, FXPrimus is not regulated and authorised to accept customers from the USA, Canada, Australia, France, Belgium and Japan.

  6. Can I Use MT4 With FXPrimus?

    Yes. When you open an account with the broker they will provide you with a live MT4 trading account. You can also set up numerous demo accounts from here – https://www.fxprimus.com/en/int-demo

  7. Does FXPRimus Offer Support?

    Yes. This broker offers world-class customer support. They have live support 24/7 through the website, and you will be given a dedicated account manager who is on hand to assist if they can.

  8. Do FXPrimus Offer Leverage?

    With FXPrimus you can use leverage of UP TO 1:1000 although this can depend on your location. To find out what leverage you are able to get on your account then speak to your dedicated account manager.

  9. Is There A Minimum Deposit?

    The minimum deposit per account is $100 (or the equivalent in your local currency)

  10. Is FX Primus a MarketMaker?

    No, FXPrimus is not a market maker. They are an ECN broker, this way traders can avoid the conflict of interest that arises when dealing with a traditional forex broker, who may be motivated to trade against their clients in order to make a profit.

  11. Where Is FXPrimus Headquarters?

    FXPrimus was initially called Primus Global Ltd. has headquarters in Cyprus and was founded in 2009. It has no other offices in other countries, but despite this, it has members from different parts of the world.

  12. Who is FXPrimus?

    FX Primus is regulated by Cyprus Securities and Exchange Commission or CySEC, while Primus Markets INTL Limited has received regulations from the Vanuatu Financial Services Commission or VFSC. Meanwhile, Primus Africa Ltd is regulated by the South African Financial Sector Conduct Authority or FSCA. Because of FXPrimus’ regulations from different jurisdictions, traders are more confident in engaging in business. FXPrimus also conducts financial and compliance checks that are authenticated to guarantee transparent, accurate, and independent reviews of its financial capabilities.
    FXPrimus has also complied with the MiFID (Markets in Financial Instruments Directive) and the ICF (Investor Compensation Fund). The client’s eligible funds are protected from 20,000 euros or higher plus professional indemnity insurance of a whopping 2.5 million euros.  At present, there are more than ten thousand customers and traders. Because of its prominence, it has been used and recommended by customers from different countries. However, it is not available in some states and jurisdictions, including Australia, Canada, Belgium, Iran, France, North Korea, Japan, the USA, and Singapore.

  13. What Are The Account Types?

    The Standard account offers the following:

    • Minimum deposit of $1,000
    • Daily Market Outlook
    • SMS alerts
    • 100% trading bonus
    • One-to-one consultation

    Their Standard account’s minimum deposit is much higher than most other brokers, which is only $500.

    What Are The Types Of FXPrimus Accounts?FXPrimus offers three different accounts, each with different requirements and minimum deposit accounts. Sign-up is easy, and it takes only a few minutes to do so. You must sign up from FXPrimus’ official website.

    Premium Account – this needs a minimum of $2500 deposit and enjoys the benefits of the Standard Account plus 60- minute training and live market updates by phone. 

    The Premium account offers the following:

    • Minimum deposit of $2,500
    • Daily Market Outlook
    • SMS alerts
    • 100% trading bonus
    • One-to-one consultation
    • 60-minute MT4 and Trading Tools training
    • Live Market Update Telephone Calls.

    Premium accounts provide additional services such as weekly seminars on trading and offers of the lowest spreads.

    VIP Account – this requires a minimum of $10,000 deposit and comes with the benefits of the Standard and Premiums account, including free consultations with a specialist, 24/7 access to a market specialist, and exclusive VIP Trading Signals.

    The VIP account offers the following:

    1. Minimum deposit of $10,000
    2. Daily Market Outlook
    3. SMS alerts
    4. 100% trading bonus
    5. One-to-one consultation
    6. 60-minute MT4 and Trading Tools training
    7. Live Market Update Telephone Calls
    8. A 30-minute consultation with a market specialist
    9. Personal access to market specialist
    10. VIP Trading Signals.


    Islamic Account

    Traders with Islamic faith can use this type of account, which does not have swap charges, which is why it’s also called a swap-free account.


    Demo Accounts


    FXPrimus also comes with a Demo Account that you can use to practice your skills before using a live account. A Demo Account is FREE and may be used indefinitely.

    Minimum deposit of $1,000Daily Market OutlookSMS alerts

  14. What To Expect With FXPrimus?

    Beginner traders can expect the following when they sign up with FXPrimus;

  1. There are several trading options to choose from, but the most popular is the Meta Trader 4. This platform is easy to use with enhanced charting features, analytics, and automated trading functions. 
  2. The Meta Trader 4 supports different base currencies like USD, GBP, EUR, AUD, and SGD.
  3. FXPrimus is also available on mobile, Android, and iPhone or iPad app. These are available at the Apple App Store and Google Play.
  4. Withdrawal and funding are available through credit cards, bank transfers, Payoneer, Neteller, and UnionPay.
  5. Meta Trader 4 allows scalping, hedging, trailing stops, stop loss, and limit orders guaranteed.
  6. Meta Trader 4 is easy to use with a one-click execution and guaranteed execution features.
  7. Customer support is available 24/7, and you can reach them via chat service from their official site or by sending an email. Multiple language support is offered.

Is There A Fee To Transact At FXPrimus?


FXPrimus charges a small fee on each trade (known as spread). With the ECN account, this spread is very low. You may also be charged an overnight fee on open positions, known as a swap-free. However, if you sign up for an account via Trade Wise, you will receive a swap-free account and will therefore avoid this charge. There are no inactivity fees or deposit fees.

What Are The Advantages Of Transacting With FXPrimus?

Transacting with FXPrimus is better than other online trading companies because of the following advantages:

  • A wide variety of trading instruments are offered, including cryptocurrency.
  • With tight spreads for different instruments
  • You can choose from three different accounts, with a handy demo account.
  • Comes with tools, charts and spreads to help you make smart trading options
  • Excellent bonuses available (100% deposit bonus, free VPS etc)
  • This is a regulated and safe online trading company.

Some disadvantages to consider

  • There are minimal withdrawal fees on some types of withdrawal types, although most types are free. 
  • You need to open 1 broker account per MT4 account.

There are a lot of places online where you can read customer reviews about FXPrimus. And, like anything else, there will be some people who love them and some who don’t. But, overall, the reviews are pretty positive. For instance, at the time of writing on Trustpilot, 72% of customers described FXPrimus as excellent, with an aggregated score of 4.1. They also seem to take every review both good and bad seriously and follow up, which is always a good sign. 

FXPrimus Mobile Trading

Trading on a mobile device is an increasingly popular way to trade the financial markets. FXPrimus offers this option on a range of platforms, including the popular MetaTrader 4 platform. The mobile platform is designed to provide a convenient and user-friendly experience, and it is compatible with a range of mobile devices, including smartphones and tablets. This can be a great way to take advantage of market opportunities when you are on the go, and it can also be a convenient way to manage your account and place trades.

FXPrimus Education

 FXPrimus customers are offered an impressive range of educational resources to help traders improve their knowledge and skills. The resources include video tutorials, articles on a variety of topics and a daily market outlook. Combined with the demo account to practice trading and the live account to apply what you have learned, these resources can be a great way to develop your trading skills.

Opening an FXPrimus Account

The account opening process with FXPrimus is quick and easy. Simply head to the website and fill out the registration form. Once your account has been created, you’ll need to upload some documents to verify your identity. This process is required by law, and it helps to keep everyone safe. Once your account has been verified, you can fund it using a variety of different deposit methods. Then, simply download the MT4 or MT5 trading platforms to your device and log in with your FXPrimus credentials. You’re now ready to place your first trade.

Before you set up your account, though, make sure to take advantage of my exclusive bonuses by signing up with the link below:

>> Click Here To Sign Up To FXPrimus <<

Conclusion

This review has walked you through the FXPrimus platforms and what their different types of accounts can offer, depending on which trader experience level you’re in. Hopefully, this may give you enough insights to see if the platform is suitable for your trading.

FXPrimus is well-established and safe. It has years of experience and uses updated technologies to help its members conduct smart and profitable trades. But as with all online trading brokers, you must protect yourself with knowledge and skills in trading and not just rely on broker tools and spreads. With updated knowledge and a good trading broker, you’ll be well on your way to online trading success.

RISK WARNING:

Please note that forex trading and trading in other leveraged products involve a significant level of risk and are not suitable for all investors. Trading in financial instruments may result in losses as well as profits, and your losses can be greater than your initial invested capital. Before undertaking any such transactions, you should ensure that you fully understand the risks involved and seek independent advice if necessary.

This information is not directed or intended for distribution to or use by residents of certain countries/jurisdictions including, but not limited to, Australia, Belgium, France, Iran, Japan, North Korea and the USA. The Company does not offer its services to residents of certain countries/jurisdictions, including, but not limited to, Australia, Belgium, France, Iran, Japan, North Korea and the USA. The Company holds the right to alter the above lists of countries at its own discretion.

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2 thoughts on “FXPrimus Review [2022] – Plus Free Bonuses!”

  1. Hi Jonathan,
    I don’t know if you’ve noticed, but this broker has a very high number negative reviews on Forex Peace Army. Is this something that I should be worried about?
    Dan

    Reply
    • I’ve seen the reviews yes. FXPrimus have over 400,000 customers, so having some negative reviews is to be expected. I think there’s a reason for some of them though, which is that Primus don’t allow artibtrage trading (it’s against their T&C’s). If someone does this type of trading Primus will still pay back their initial deposit but NOT their returns, so I think people get upset about that but they shouldn’t be doing things against the T&C’s. I’ve never had a problem with them and withdrawing is very easy. Don’t forget they are highly regulated so they can’t treat customers infairly and especially can’t stop withdrawals etc.

      Reply

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