FXPrimus Review 2022 (Expert Review)

FXPrimus Review Summary

FXPrimus is an online broker that is known for providing an excellent trading experience. The platform is very easy to use and allows you to trade financial instruments with minimal investment. As an online broker, FXPrimus accepts a range of payment methods including credit cards, debit cards, bank transfers, electronic wallets, and Bitcoin. You can choose to deposit or withdraw using a variety of different payment options. The site is easy to navigate and offers a wide range of trading platforms for traders of all levels. Its educational center features videos and articles for newcomers as well as daily outlooks. Its news blog is updated regularly and features the latest market information.

FXPrimus review
FXPrimus Platform Features

FXPrimus main features and highlights
🗺️ Country of regulation Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Vanuatu Financial Services Commission (VFSC)
💰 Trading fees No
💰 Inactivity fee No
💰 Withdrawal fee No
💰 Minimum deposit 100
🕖 Time to open a FXPrimus account 1-2 Days days
💳 Wire Transfer No
👛 Depositing with electronic wallet No
💱 Number of base currencies supported 6
🎮 Demo account provided Yes
🛍️ Financial Instruments offered Forex, Minors, Majors, Exotics, Indices, UK Stocks, UK Stocks, Energies, Metals,

FXPrimus review
FXPrimus Financial Regulation

FXPrimus is regulated by Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Vanuatu Financial Services Commission (VFSC).

FXPrimus review
FXPrimus Pros And Cons

Regardless of how you trade, there is always a risk to online trading, as well as some key advantages to using such a method. Below are some key pros and cons. The pros of using FXPrimus include a large choice of assets that are available to be traded 24/7; and easy-to-use website and mobile app; video guides and chart reading tools to help you carry out fundamental and technical analysis; community features to help you learn from and integrate with other platform users. On the other hand, the cons of using FXPrimus can be that the spreads offered on trading cryptocurrencies are relatively wide; no mutual funds available to invest in; high minimums are often required for most forms of copy trading; high risk meaning it is not often a suitable platform for new traders.

FXPrimus review
FXPrimus Advantages

One of the main advantages of using FXPrimus is around the clock service and support as well as research offerings. Not only this, but FXPrimus has reduced transaction costs and fees that are often associated with traditional brokerage firms. This provides users of FXPrimus with greater flexibility and more control - time is of the essence when trading, and where traditional brokers require appointments just to initiate a trade, trading with FXPrimus makes the process a lot quicker. Finally, users have the ability to monitor their investments in real time. FXPrimus offers stock quotes and trade information, making it easy for users to view how their investments are doing.

  • FXPrimus has been in business over 10 years.
  • FXPrimus offers Stock Trading
  • FXPrimus offers Neteller as a payment method
  • FXPrimus offers Skrill as a payment method
  • FXPrimusoffers Islamic Accounts
  • FXPrimus offers ECN trading
  • FXPrimus offers a Apple Mac desktop trading platform
  • FXPrimus offers Hedging
  • FXPrimus offers Scalping
  • FXPrimus does not have inactivity fees

FXPrimus review
FXPrimus Disadvantages

Although FXPrimus has a lot of good points FXPrimus does not offer the below.

FXPrimus Review Risk Warning: Losses can exceed deposits.

FXPrimus Review

FXPrimus review
Things to understand when trading with FXPrimus

There is one big disadvantage to using an online platform such as FXPrimus. This is the fact that there is no-one entity to check that users understand what they are doing, and are doing it correctly. There is a risk that users of FXPrimus may fail to build a suitable portfolio, or back the wrong shares, meaning the lose money. The ease of accessibility to FXPrimus therefore makes it a dangerous platform for some less well-educated users. In addition, FXPrimus disadvantages include a lack of personal relationship with brokers, as well as an increased reliance on technology and the Internet.

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FXPrimus Trading Fees

Trading fees on FXPrimus are those costs incurred from one's funds when buying and selling an underlying stock or share. For example, the trading platform has to pay a broker to place trades on the stock market and it may have to pay stamp duty tax on certain types of investments.

Some investors like to think of FXPrimus trading fees are as a premium one pays for the investment services offered by a trading platform. Trading fees apply when a trader wants to buy or sell shares of a specific investment. Also called a commission, this fee is paid to a broker in exchange for facilitating a trade via their platform. In a financial sense, transaction costs can also include a broker's spreads, which are the differences between prices that a dealer paid for a security and the price for which the buyer pays for it.

NameFXPrimusRoboforexIC Markets
Account FeesNoNoNo
Withdrawal FeesVariesYesNo
Deposit FeesNo
Inactivity FeeNoNoNo
riskwarningTry Now

Losses can exceed deposits
Try Now

Losses can exceed deposits
Try Now

Losses can exceed deposits

FXPrimus review
FXPrimus Financial Instrument Fees

FXPrimus fees for Forex, Minors, Majors, Exotics, Indices, UK Stocks, UK Stocks, Energies, Metals, are listed below.

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FXPrimus Stock Trading Fees

In the US, for the majority of FXPrimus trading fees, commission is either a flat fee per trade or calculated based on the number of traded shares. Several brokers do also offer zero-commission trading for stocks, ETFs, and options. A FXPrimus stock trading fee is a brokerage fee that is charged when you buy or sell stocks. A trader may also pay commission or a fee for buying and selling other investments, like options or exchange-traded funds.

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FXPrimus CFD Fees

FXPrimus CFD providers typically charge a financing rate for holding positions overnight. This can be as high as the LIBOR rate plus or minus 3%. If you hold a FXPrimus CFD trade for a year you could be charged [3% + LIBOR%] per annum calculated as a daily rate. Therefore, if you hold a long position overnight you will be charged a financing charge by your FXPrimus CFD provider. This financing interest charge is calculated by multiplying the number of CFD positions you hold by the closing price of the market, and then again by the financing charge which is then divided by 365 days to convert the fee into to a daily charge.

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FXPrimus Forex Fees

Commission on FXPrimus Forex trading can either be a fixed fee (i.e., a fixed sum regardless of volume) or a relative fee: the higher the trading volume, the higher the commission. The amount of money that a trader is charged for FXPrimus Forex fees is based on their trade size. To calculate FXPrimus Forex fees, one would subtract the bid price from the ask price to find the spread. A Forex broker keeps this spread as their fee/commission.

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FXPrimus Cryptocurrency Fees

Aside from the price of the cryptocurrency itself, each cryptocurrency exchange adds a fee for trading, when customers purchase and sell coins. FXPrimus cryptocurrency fees can vary, but most exchanges charge between 0.1% to 1% or more per trade. That means that if you've used $1,000 to invest in a certain crypto, the fee you will eventually pay for that transaction could be anywhere between $100 and $1,000. FXPrimus cryptocurrency fees include a fee for the Maker (which adds to the order book liquidity through limit orders) and Taker (which subtracts liquidity from an order book through market orders).

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FXPrimus Non Trading Fees

FXPrimus non-trading fees include a variety of brokerage fees and charges that a trader will pay which are not related to buying and selling assets. The most common non-trading fees include withdrawal fees, deposit fees, inactivity fees, and account fees.

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FXPrimus Deposit Fees

A FXPrimus deposit fee is a payment that one must make by the Licensee and is received by CTC for the Licensee to secure a booking confirmation. To make a profit and pay operating expenses, exchanges typically charge for the services they provide. When you open a FXPrimus account, there will be fees attached to that in order to make a deposit into your account.

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FXPrimus Inactivity Fees

A FXPrimus inactivity fee is a sum charged on brokerage accounts who have not met the minimum buying or selling amount of activity over a specific period. Brokers typically attempt to compensate for lack of commissions by charging inactivity fees.

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FXPrimus Withdrawal Fees

FXPrimus withdrawals can be subject to a fee depending on where you are located and how much money you are withdrawing. Check the account details you hold with FXPrimus in order to check whether or not you will have to pay a withdrawal fee, as this will be different for different areas of the world.

FXPrimus review
FXPrimus Account Fees

A FXPrimus account fee is a fee that FXPrimus assesses on all accounts for the ability to keep an account on their platform. An account fee compensates FXPrimus for the cost of keeping the account open. For FXPrimus you may pay a monthly fee for your account in return for benefits, most often research tools, educational guides, or premium perks.

FXPrimus review
FXPrimus Account Opening

The account registration process is simple, user-friendly, and quick. Within one business day, our account was validated.

FXPrimus trading accounts are available in over 179 countries. FXPrimus is restricted in the following countries.

Apart from the restricted countries a FXPrimus trading account can be opened globally.

The FXPrimus trading platform is available for residents in US. Some financial instruments FXPrimus offer may be restricted in your country.

  • Fast FXPrimus account opening.
  • FXPrimus accounts can be opened and KYC can be verified digitally.
  • FXPrimus minimum deposit is 100 USD / GBP / EURO.
  • FXPrimus trading account verification may be held up for longer than a day if there is an issue with verifying your account.

FXPrimus review
FXPrimus Deposit And Withdrawal

FXPrimus Account Base Currencies

A base currency is the currency in which your account is denominated. In other words, it is the currency you use to trade. Base currencies are used for accounting purposes to refer to the currency in which an investor maintains their book of accounts. For foreign exchange market purposes, a base currency refers to the first currency in a currency pair and the second, the quote currency.

USD, GBP, EUR, SGD, PLN are supported by FXPrimus as account base currencies. However, in each country, only two or three account base currencies are accessible, usually the local currency plus USD. In the United Kingdom, for example, only GBP, EUR, and USD are accessible for UK traders.

FXPrimus offers the following account USD, GBP, EUR, SGD, PLN.

When trading make sure your FXPrimus trading account currency is the same currency as your withdrawal and deposit bank account otherwise there may be some additional currency conversion fees levied by your bank. FXPrimus has no control over the fees your bank may charge for currency conversions or withdrawals and deposits to from and to your bank account.

NameFXPrimusRoboforexIC Markets
Number Of Currencies6410
Base CurrenciesUSD, GBP, EUR, SGD, PLNUSD, EUR, CNY, XAUUSD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZD
riskwarningTry Now

Losses can exceed deposits
Try Now

Losses can exceed deposits
Try Now

Losses can exceed deposits

FXPrimus review
FXPrimus Deposit Fees and Deposit Methods

Investors can log in to their FXPrimus trading account, type in their credit card information and the funds required will be posted in a number of business days. Investors can also transfer funds into their FXPrimus trading accounts from an existing bank account or send the funds through a wire transfer or online check.

FXPrimus Deposit Fees

Making a deposit on your FXPrimus account is free.

FXPrimus Deposit Methods

There are several methods through which you can deposit money into your FXPrimus account. One can use a credit or debit card and FXPrimus accepts payments from credit and debit cards provided by MasterCard and Visa. You can use PayPal, funding your FXPrimus account using a personal PayPal account. One can also use bank wire or electronic bank transfer. If you have enough funds in your respective account, your bank account will be debited while the equal amount will be deposited into your FXPrimus account.

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FXPrimus Withdrawal Fees and Withdrawal Methods

You can withdraw cash from your FXPrimus brokerage account if you have available funds. If you want to withdraw more than you have available as cash, you may need to sell stocks or other investments before doing so. Remember that after you sell your stocks, you may have wait for the trade to settle before you can withdraw that money from your FXPrimus account.

FXPrimus Withdrawal Fees

Making a withdrawal on your FXPrimus fees are subject to your location and amount of money being taken out of your FXPrimus account.

FXPrimus may charge a withdrawal fee. Some withdrawal fees are out of the control of FXPrimus and may be due to 3rd party payment providers and your account base currency.

FXPrimus Withdrawal Methods

Log into your FXPrimus trading account, which is connected to your bank account. Go to the section that says “funds” or “accounts” and click on it. You will be given two choices: either to add funds or withdraw funds. Click 'withdraw funds' to start transferring money from your FXPrimus account to your bank account. To withdraw money from your FXPrimus account you can use credit or debit cards. FXPrimus processes withdrawals to credit and debit cards provided by MasterCard and Visa. One can also use PayPal, as FXPrimus processes withdrawals to PayPal accounts. Finally, you can also withdraw funds straight to your bank account via bank transfer.

FXPrimus review
FXPrimus Trading Platforms

As there are a number of stock markets and trading options, not all platforms offer the same options. Before investing in the FXPrimus platform, there are important factors to consider. Some platforms are designed for the more advanced trader, thus offering more research and analytical tools. The FXPrimus platform has a demo account and educational tool, but it may not be designed for new traders so focuses less on those educational features. Customer service functions vary: some offer 24/7 support whereas others provide email support only.

If you struggle with technology, you need to consider the level of support on FXPrimus is available. Another thing to consider is your financial goals. Are you looking for long-term investments for retirement, or do you want to focus on short-term successes? Make sure that a FXPrimus account fulfils these goals. Several platforms offer commission-free trading, but some require a minimum fee for opening an account.

There can also be additional fees, such as inactivity charges, withdrawals and transfers. Make sure that you have enough funds to trade via a FXPrimus account. Ensure that FXPrimus allows you to focus on the type of trading that you want to focus on. Do it allow access to all types of trading, or do you want to focus on cryptocurrency only, for instance?

Make sure FXPrimus is correct for your investment purposes. Markets change quickly, and you need to be able to execute an order instantly. on your platform. Before using FXPrimus, think about how easy it is to use for your personal needs. Does the FXPrimus platform offer real-time updates or delayed updates that are more informed? Is it a sharing platform that can provide details on specific stocks? Remember to check if FXPrimus is listed on the stock exchange, is regulated, and what login options it has. Security is very important when it comes to trading.

FXPrimus Web Trading Platform

A FXPrimus web trading platform is a piece of software that is used for trading. This includes opening, closing, and managing market positions through FXPrimus which acts as a financial intermediary. FXPrimus is a web trading platform through which Forex traders can open and close positions online, without downloading any software. Via a web browser, traders can follow Bid-Ask spreads, place Stop Loss and Take Profit orders, as well as track all past and current positions executed.

Mobile Trading Platform

Both Android and iOS devices are supported by the FXPrimus mobile trading platform.

FXPrimus Apple IOS Trading Platform

A FXPrimus iOS trading platform is the application software that enables investors and traders to place trades and monitor accounts through iOS apps on Apple devices, such as an iPhone.

FXPrimus Google Play Android Trading Platform

A FXPrimus Google Play trading platform is the application software that enables investors and traders to place trades and monitor accounts through Google Play apps on Android devices, such as an Android mobile smartphone.

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FXPrimus Mobile Trading User Experience

FXPrimus mobile trading gives its users a platform to trade from anywhere in the world, as long as they have an internet or WiFi connection. The mobile trading app provides an ease of transacting while using a mobile device. This is because orders can be placed quickly and effortlessly. FXPrimus mobile trading refers to trading in the stock market using a mobile phone.

Leading brokerages offer apps to their clients who are able to use them to trade in shares, invest in mutual funds, or in initial public offers, and even monitor their entire portfolio. All an investor needs is a Web-enabled smartphone and a trading account with FXPrimus. Once you have download the FXPrimus trading app, you are ready to begin. You may have to send an online request for activation of your mobile trading platform, after which you can log in with your existing client ID and password.

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FXPrimus Desktop Computer Trading Platform

A FXPrimus computer trading platform is a software which one can use to research, place, monitor and edit trades on your desktop computer. You can choose from many platforms, including desktop platforms, trading apps, web-based platforms and third-party programs. The FXPrimus desktop computer trading platform is the software that enables investors and traders to place trades and monitor accounts through financial intermediaries. The FXPrimus desktop trading platform offers other features to its users, such as real-time quotes, charting tools, news feeds, and even premium research.

FXPrimus MetaTrader 4

MetaTrader 4, known as MT4, is a trading platform used by online retail foreign exchange traders. MetaQuotes Software developed and released this programme in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients. It is a free-of-charge Forex trading platform, offering wide technical analysis options, flexible trading system, and algorithmic and mobile trading. MT4 is a popular online trading platform that can be used to automate one's trading. Its simple user interface provides users with access to advanced technical analysis and flexible trading systems.

FXPrimus MetaTrader 5

MetaTrader 5 is a free application for traders allowing to perform technical analysis and trading operations in the Forex and exchange markets. MetaTrader 5 is a multi-asset platform suitable for trading in the Stocks and Futures markets too. It is a multi-asset platform that allows trading Forex, stocks and futures, and it also offers superior tools for comprehensive price analysis. There are many benefits at MT5, as the platform represents an all-in-one concept, offers impressive analytical tools and a modern look with the allowance to open hundreds of charts and perform analysis through truly advanced institutional grade features.

FXPrimus PC Trading Platform

One needs a computer with high performing hardware if their plan is to be a full time trader using FXPrimus. A trading computer with access to a FXPrimus PC trading platform is a superior, extremely fast computer which is designed and customized to maximize a trader’s ability to interface with markets and make decisions in real time. There are four key ingredients to a great Trading Computer: speed, reliability, multiple monitors, and post-sale service & support.

FXPrimus Apple Mac Trading Platform

Apple Macs and MacBooks can easily handle the most important requirements when using the FXPrimus trading platform. This includes the ability to have multiple browser tabs or trading apps open, a high quality display or monitor (high definition Retina displays with True Tone technology, adjusting and adapting to ambient lighting), an accurate trackpad or mouse, lightweight design, and long battery life. Macs are easy to set up, start up, use and even maintain. A Mac can go from cold boot to live trading using just a couple of mouse clicks and in well under a minute. Therefore, the FXPrimus trading platform is very user friendly and easy to use on a Mac device.

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FXPrimus Trading Look And Feel

The user interface (UI) is the point at which human users interact with the FXPrimus trading platform. The goal of effective UI is to make the user's experience easy and intuitive, requiring minimum effort on the user's part to receive maximum desired outcome. The UI design of the FXPrimus application improves user experience and customer satisfaction, ultimately helping increase the number of users of the FXPrimus application.

FXPrimus Security

The assets and personal data of FXPrimus e-traders are attractive prey for cybercriminals, and in the event of an incident, it is the FXPrimus trading platform operators that have to deal with the consequences. To avoid monetary losses associated with bugs and vulnerabilities, FXPrimus trading platform coders should have considered security in the development stage of the FXPrimus building process, thinking in advance about things such as automatic user logout, encryption, and a ban on weak passwords. They should also regularly review the code for errors and fix them promptly. Security is therefore important for the FXPrimus trading platform as it is handling clients' money, which comes with great responsibility. Neglecting security could cost the FXPrimus company a lot. FXPrimus offer SSL ecripted secured trading and are regulated by Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Vanuatu Financial Services Commission (VFSC).

FXPrimus Financial Instrument Search Features

There are three main functions of financial instruments: a means of payment (like money), a store of value (like money), and allowing for the transfer of risk (unlike money). FXPrimus financial instruments can be intangible assets, expected to provide future benefits in the form of a claim to future cash. They are tradable assets representing a legal agreement or a contractual right to evidence monetary value / ownership interest of an entity.

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Placing A Buy Or Sell Order On FXPrimus

Available FXPrimus order types. # market, limit, stop, stop limit, OCO, Good until end of day / canceled.

FXPrimus Market Order

A FXPrimus market order is an order to buy or sell a stock at the market's current best available price. A market order usually ensures an execution, but it does not guarantee a specified price. Market orders are optimal when the primary goal is to execute the trade immediately. FXPrimus market orders are executed by a broker or brokerage service on behalf of clients who wish to take advantage of the best price available on the current market. FXPrimus market orders are popular as they are a fast and reliable method of either entering or exiting a trade.

FXPrimus Limit Order

A FXPrimus limit order is an order to buy or sell a stock with a restriction on the maximum price to be paid or the minimum price to be received. If the order is subsequently filled, it will only be at the specified limit price or better. However, having said this, there is no assurance of execution.

FXPrimus Stop Order

A FXPrimus stop order, also referred to as a stop-loss order, is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order. A sell stop order is entered at a stop price below the current market price. If the stock reaches the stop price, the order becomes a market order and is filled at the next available market price.

FXPrimus Stop Limit Order

A FXPrimus stop-limit order is an order to buy or sell a stock that combines the features of a stop order and a limit order. Once the stop price is reached, a stop-limit order becomes a limit order that will be executed at a specified price (or better). The FXPrimus stop-limit order triggers a limit order when a stock price hits the stop level. A FXPrimus stop-limit order can be helpful when trading if you are unable to watch your trades all day.

FXPrimus OCO Order

A FXPrimus one-cancels-the-other (OCO) order is a pair of conditional orders stipulating that if one order executes, then the other order is automatically cancelled. An OCO order typically combines a stop order with a limit order on an automated trading platform. A FXPrimus OCO order is a type of compound operation where a filled or completed order cancels execution of a different order. It may be used as the triggered order in a first triggers so that when the first order fills, both OCO orders become active. Alternatively, when either of the latter is filled, the other is cancelled.

FXPrimus Good Til Cancelled Orders

A Good-Til-Cancelled (GTC) order is a purchase or sell order that stays in effect until executed or cancelled by the trader. Brokerage firms usually have a limit on how long an investor may keep a GTC order active. This time range may differ from one broker to the next.

Day orders are only valid for the current trading session, and if they are not filled by the end of the day, they are instantly cancelled. Good-till-cancelled (GTC) orders remain in effect until the customer cancels them or the broker executes them.

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FXPrimus Alerts And Notifications

Price alerts and notifications can be established for executed orders, important news, and margin calls, for example. On the online platform, these notifications appear as pop-up messages. It would be preferable if you could set up email or SMS notifications as well.

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FXPrimus Trading Platform Features

Online trading platforms are used by traders to help them with every aspect of trading. Market analysis, price projections, and purchase timing are all key whether you are trading stocks, Forex, or crypto. FXPrimus trading platform provides traders with up to the second charts in order to enable them to execute transactions at the click of a button.

FXPrimus Margin Trading

FXPrimus margin trading means borrowing money from the brokerage firm in order to carry out trades. When trading on margin, investors first deposit cash that then serves as collateral for the loan, and then pay ongoing interest payments on the money they borrow. In essence, FXPrimus margin trading is a facility under which one buys stocks that they cannot afford. You are allowed to buy stocks by paying a marginal amount of the actual value. This margin is paid either in cash or in shares as security. Your broker funds your margin trading transactions.

FXPrimus Auto Trading

FXPrimus auto trading is a trading plan where buy and sell orders are automatically placed based on an underlying system or programme. These orders are placed when the trade conditions in the underlying system or program are met. It is a method of participating in financial markets by using FXPrimus, which executes a pre-defined set of rules for both entering and exiting trades. If you are a trader, you are able to conjoin detailed technical analysis with the setting of parameters for one's positions. This includes orders to open, trailing stops, and guaranteed stops.

FXPrimus Social Trading

Social trading is a form of dealing that enables traders or investors to copy and execute the strategies of their peers or more experienced traders on the FXPrimus platform. Social trading on FXPrimus allows you to communicate with other investors in a Facebook-style manner. The main premise is that you are able to share and discuss potential investment opportunities with traders of the FXPrimus platform.

FXPrimus Copy Trading

Copy trading with FXPrimus allows users to copy trades executed by other investors in the financial markets. The goal of copy trading is for a trader to have the same positions as the investor they are copying. When copying another trader, one does not receive the layout of the trader’s strategy, but simply follows their trades. FXPrimus copy trading is one way to automate your investment strategy, as it takes the guesswork out of choosing where to invest your money.

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FXPrimus Account Types

FXPrimus STP Account

FXPrimus STP (Straight Through Processing) account are a Forex brokerage model that involves sending client orders directly to the market without passing them through a dealing desk. A FXPrimus STP account is considered to be more of a hybrid of the ECN and market maker (dealing desk) models. A FXPrimus STP is the percentage of transactions that are passed straight through the system from start to finish without manual intervention.

FXPrimus ECN Account

A FXPrimus ECN (Electronic Communications Network) account is a pure order-matching execution system, where FXPrimus, as a provider, charges a commission per trade instead of inflating the spread, occurring more naturally within the order-matching process. A FXPrimus ECN is a financial intermediary that uses electronic communications networks to give clients direct access to other participants in equity and currency markets. As an ECN broker, FXPrimus only matches trades between other market participants; it cannot trade against the client.

FXPrimus DMA Accounts

FXPrimus Direct market access (DMA) refers to the access one is afford to the electronic facilities and order books of the FXPrimus financial market exchange that facilitate daily securities transactions. Rather than relying on market-making firms and broker-dealers to execute trades, FXPrimus might use direct market access to place trades themselves. FXPrimus DMA accounts make individual contracts with each liquidity provider.

FXPrimus Islamic Accounts

Under Islamic law, money must not be allowed to create more money. Thus, instead of traditional FXPrimus accounts with given rates, Islamic accounts provide accounts which offer profit/loss. The account in turn purchases assets with your money, which generate returns for FXPrimus. A FXPrimus Islamic Forex account is a halal trading account that is offered to clients who respect the Quran and wish to invest in the Islamic stock market following the principles of Islamic finance. As Sharia law prohibits the accumulation of interest, traders with Islamic accounts do not pay or receive interest rates.

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FXPrimus Tradable Financial Instruments

FXPrimus tradable financial instruments are the financial instruments that are specifically traded on the stock market, for instance shares, stocks, derivatives, bonds, and mutual funds. This refers to the different types of markets you can trade with through FXPrimus. Sometimes called securities, they range from commodity futures to stocks and CFDs, to currencies and metals, and more.

NameFXPrimusRoboforexIC Markets
Stock Markets6053110
ETFsNoNo
Fractional SharesNoYesNo
CryptocurrenciesNoNoYes
riskwarningTry Now

Losses can exceed deposits
Try Now

Losses can exceed deposits
Try Now

Losses can exceed deposits

FXPrimus review
FXPrimus Trading Stocks

Stock trading is the act of purchasing and selling shares in a corporation; if you possess the stock, you own a piece of the corporation.

Stock trading involves purchasing and selling equities periodically in order to time trades against the market. Stock traders look to profit from the short-term market developments by selling stocks for a profit or buying stocks at a cheap price. Stock traders conduct significant study, frequently dedicating several hours every day to market monitoring.

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FXPrimus Trading ETFs

What Are ETFs

An ETF is a collection of assets whose shares are traded on a stock market. They blend the characteristics and potential benefits of stocks, mutual funds, and bonds. ETF shares, like individual stocks, are traded throughout the day at varying prices based on supply and demand.

What Are Fractional Shares

Investors can buy fractional shares of a stock, making it easier to diversify even with modest amounts of money. Investors can buy stock in fractional shares by specifying a dollar amount rather than the price of a whole share.

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FXPrimus Trading Cryptocurrencies

Cryptocurrency trading can be conducted using a cryptocurrency exchange to buy and sell the underlying cryptocurrency assets. Cryptocurrency trading can also be done using a cryptocurency CFD trading account to speculate on up or down price movements of a specific crypto asset. A CFD is a high risk leveraged trade between the trader and the broker. No underlying assets are exchanged with a CFD contract, it is purely speculation on the financial instruments price movements. CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if CFD cryptocurrency trading is allowed in your region and make sure you undertand the risks fully before trading.

The volatility of cryptocurrencies is the biggest source of risk when trading them. They are high-risk and speculative, and you should be aware of the hazards before you begin trading. They are volatile: unanticipated shifts in market sentiment can result in price swings that are both strong and rapid.

FXPrimus CFD Trading

A contract for difference (CFD) allows traders to speculate on the future market movements of an underlying item without owning it or taking physical delivery of it. CFDs can be used to trade a variety of underlying assets, including stocks, commodities, and foreign exchange.

NameFXPrimusRoboforexIC Markets
Forex CFDYesYesYes
Stock Index CFD3025
Stock CFD508400110
ETF CFD505030
Commodity CFD202020
Crypto CFDNoNoYes
riskwarningTry Now

Losses can exceed deposits
Try Now

Losses can exceed deposits
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Losses can exceed deposits

FXPrimus review
FXPrimus Forex Trading

Forex trading is a method through which to invest money which involves trading one currency for another. The main aim of Forex trading is to successfully predict if the value of one currency will increase or decrease when compared to another. As a FXPrimus Forex trader, one buys and sells currencies on a foreign exchange market. Their duties include performing research or analysis on a currency pair. In general, Forex traders can either work for banks and hedge funds or trade independently. Some traders use charts and math for analysis, while others rely on news and economic data.

FXPrimus review
FXPrimus Commodities Trading

Commodity trading is a type of trading where individuals or businesses buy and sell physical commodities, such as metals or oil. FXPrimus commodity trading may work to secure a supply of raw materials for a business or industry in order to help to create liquidity within an international market, or to invest in a speculative capacity. With FXPrimus commodity markets, the underlying asset you buy can be delivered physically. Therefore, the buyer can book the commodity and the seller can confirm the delivery when they sign the contract. Moreover, they can fix the price beforehand, irrespective of the pricing at the time of delivery.

FXPrimus review
FXPrimus Futures Trading

Futures trading is where derivative financial contracts obligate a buyer to purchase an asset or a seller to sell an asset at a predetermined future date and set price. A FXPrimus futures contract allows an investor to speculate on the direction of a security, commodity, or financial instrument. Typically, futures contracts are traded on an exchange such as FXPrimus; one trader agrees to buy a given quantity of securities or a commodity, and take delivery on a certain date. The selling trader to the contract agrees to provide it.

FXPrimus review
FXPrimus Options Trading

FXPrimus options trading is the trading of instruments that gives someone the right to buy or sell a specific security on a specific date at a specific price. If one decides to complete that purchase or sale, they are know to be exercising the option. FXPrimus option strategies are the simultaneous, often mixed, buying or selling of one or more options which differ in one or more of the options' variables.

FXPrimus review
FXPrimus Bonds Trading

Bonds trading is a way of making profit from fluctuations in the value of corporate or government bonds. The government will pay a defined interest rate on an investment for the duration of the issued bond, and then give the original sum back at the end of the loan's term. Bonds can be bought and sold on FXPrimus after they are issued. While some bonds are traded publicly through FXPrimus, most trade over-the-counter between large broker-dealers acting on their clients' or their own behalf. Yield is therefore based on the purchase price of the bond as well as the coupon.

FXPrimus review
FXPrimus Trading Research Tools

Stock trading is considered a short-term approach to investing. Successful stock traders can make large profits, but there is also a lot of risk involved in trading as well. Taking advantage of trading research tools designed to help traders analyse potential investments can minimise risk and provide an edge when attempting to earn profits. Some FXPrimus research tools include charts, technical analysis, and currency correlation.

FXPrimus Trading News

Traders can follow the markets and make wise investment decisions on FXPrimus by using the news to help form a strategy when it comes to choosing investments. A FXPrimus news trading strategy​​ involves trading based on news and market expectations, both before and following news releases. Traders need to assess the news immediately after it is released and make a quick judgement on how to trade as a result.

FXPrimus Economic Calendar

An economic calendar is used by investors to monitor market-moving events, such as economic indicators and monetary policy decisions. Market-moving events, which are usually announced or released in a report, have a high probability of impacting the financial markets. A FXPrimus economic calendar is a resource that allows traders to learn about important economic information scheduled to be released throughout the major economies. Events may include indicators such as GDP, the consumer price index (CPI), and the Non-Farm Payroll (NFPs) report.

FXPrimus Fundamental Data On Financial Instruments & Companies

Fundamental research does not usually generate findings that have immediate applications in a practical level. Fundamental research aims to answer the questions of why, what or how and tend to contribute to the pool of fundamental knowledge in a research area. FXPrimus fundamental analysis research data looks at the price movement of a security and uses this data to attempt to predict future price movements. Fundamental analysis, on the other hand, looks at economic and financial factors that influence a business. Fundamental analysis therefore evaluates securities by attempting to measure their intrinsic value.

FXPrimus Charting

Technical analysis indicators such as MACD,RSI, Stochastics, OBV, and Fibonacci are vital for trading. The primary types of chart used by traders on FXPrimus are the Candlestick Chart, Line Chart, Point and Figure charts, and Renko Chart. Charts such as these are plotted either on an arithmetic or logarithmic scale and the analyst then goes with either one depending on the information acquired.

FXPrimus portfolios

Trading portfolios are useful when trading with FXPrimus.

A trading portfolio is made up of various investment vehicles. Distinct trading portfolios, each tailored toward a different investing strategy, might be owned by an investor. Stocks, cash, futures, currency, and other assets may be included in a trading portfolio.

A trading portfolio is a traders collection of investments and financial assets, which may include stocks, bonds, CFDs, cryptocurrencies, commodities and other securities.

FXPrimus review
FXPrimus Payment Methods

A FXPrimus payment method is required to fund your FXPrimus trading account before placing a buy order on a financial instrument.

When trading with FXPrimus, there are a variety of payment options accessible; different brokers support different deposit and withdrawal methods. Each trade payment option has its own set of benefits and cons in terms of costs, processing times, and limits. Some thing to be aware of is if your bank accounts base currency is different to the base currency of your trading account, your bank may add additional transfer fees that FXPrimus do not have any control over.

NameFXPrimusRoboforexIC Markets
Payment MethodsBitcoin Payments, Credit Card, emerchantpay, Mastercard, MoneyGram, Neteller, Paysafecard, Skrill, Visa, Wire TransferADVcash, Alipay, Bitcoin Payments, Cashu, FasaPay, Giropay, iDeal, MoneyGram, Neteller, Perfect Money, POLi, QIWI, Rapid Transfer, SafeCharge, Skrill, Sofort, Trustly, Vietcombank Transfer, Visa, Webmoney, WeChat Pay, Wire Transfer, Yandex MoneyBPAY, Credit Card, FasaPay, Giropay, Mastercard, Neteller, PayPal, POLi, QIWI, Rapid Transfer, Skrill, UnionPay, Visa, Wire Transfer, Yandex Money
riskwarningTry Now

Losses can exceed deposits
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Losses can exceed deposits
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Losses can exceed deposits

FXPrimus review
FXPrimus Withdrawl Methods

When trading with FXPrimus at some point you will want to release your funds back to your bank account or other withdrawal method. Many modern trading platforms offer withdrawal of your trading account balance to digital wallets and direct bank transfers. Depending on your geo region certain withdrawal methods may be more convenient to you. Each withdrawal method has its own withdrawal time which you will have to check before withdrawing your FXPrimus account balance. FXPrimus may have minimum withdrawal limits that you will need to check before withdrawing.

You may be charged a currency conversion fee by your withdrawal method if you withdraw your FXPrimus account balance in a currency other than GBP, or whatever your withdrawal method account base currency is.

FXPrimus Withdrawals Times

The time it takes for your withdrawal to arrive is determined by the method you used to make it. It's important to remember that this is the payment method you used to fund your FXPrimus account.

Withdrawal requests can take up to three business days to be processed by FXPrimus.

You may anticipate to receive your money within three business days for bank transfers, credit/debit cards, and digital wallets.

If you're having a withdrawal transferred to your digital wallet account, your FXPrimus should arrive in less than 24 hours.

FXPrimus review
FXPrimus Customer Support

Customer support represents the resources within the FXPrimus company that provides technical assistance to its customers after they use the FXPrimus service. A customer may often need to seek out support when they are in need of help, so a customer support team must be easy to contact, available, and responsive.

FXPrimus offer email, livechat, phone, 24/7 support.

FXPrimus Email Support

FXPrimus offers email support.

Email support is a a convenient method of FXPrimus customer service but responses to support queries are not quick. You may have to wait between 1 - 3 days for a response from FXPrimus regarding your support request.

FXPrimus Livechat Support

FXPrimus offers livechat support.

FXPrimus live chat support is a way for customers to obtain help from FXPrimus through an instant messaging platform. It happens at a one-to-one level, often via the company's website. It can be a proactive chat pop-up, with a chat box appearing on the screen and asking if you need help. Clicking on it would then connect you to a live agent. Livechat is great if you require a reponse to your support request withing 15 minutes.

FXPrimus Telephone Support

FXPrimus offers telephone support.

FXPrimus telephone Support is often used for pre-sale queries, order taking, or even upselling and cross-selling, and troubleshooting. Outbound calls are calls made to customers from the FXPrimus call centre to give or take information.

FXPrimus 24/7 Support

FXPrimus 24/7 customer support means customers can obtain help and find answers to questions as soon as they arise, 24/7 and in real-time. FXPrimus offers 24/7 support through FXPrimuslivechat support, a knowledge base, live chat, or embedded messaging.

FXPrimus review
FXPrimus Educational Resources

FXPrimus educational resources are used throughout the FXPrimus learning environment to help and assist with customer's development and learning of trading. They’re designed to reinforce learning and in some cases allow people to put their knowledge to the test. Educational resources are brilliant for educators to help deliver the best quality lessons.

FXPrimus Trading Platform Tutorials

FXPrimus offer a range of learning resources and tutorials and guides made available to registered FXPrimus users. The guides are usually broker down into indepth articles explaining varioius trading topics, quizes and video explainers.

FXPrimus Trading Videos

FXPrimus offer a selection of online trading videos.

Trading videos help new and even more experienced investors gain insights into technical analysis tools and how the different financial markets work.

Trading videos cover the basics of financial instruments like stocks, Forex, commodities, ETFs and cryptocurrencies. Some training videos help widen your trading knowledge. The more trading knowledge you have the better you will be able to mitigate and understand trading risks.

FXPrimus Webinars

A webinar is an interactive online event in which a speaker (or a small group of speakers) delivers a presentation to a large audience who participates by asking questions, replying to polls, and using other interactive technologies.

FXPrimus review
FXPrimus Financial Regulation and Trader Safety

Financial regulations on FXPrimus protect consumers' investments. Regulations prevent financial fraud and limit the risks that FXPrimus as a financial institution can take with their investors' money. Financial regulators oversee three main financial sectors: banking, financial markets, and consumers. A well-functioning financial system is vital for the economy, businesses and consumers. FXPrimus financial regulation is part of ensuring the safety and soundness of the financial system and protecting consumers.

Is FXPrimus Regulated?

FXPrimus is regulated by Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Vanuatu Financial Services Commission (VFSC).

Is FXPrimus Safe?

You can find out if brokers are licensed in your country, if they have had run-ins with regulators, or received serious complaints from investors. Go to https://www.fca.org.uk/firms/financial-services-register and click on "Search the Register".

Regulatory Protection Limits

When registering with FXPrimus you must check with regulatory body your FXPrimus trading account falls under. Even though you are a resident of the UK for example your account may fall under regulatory rules outside the jurisdiction of the FCA. Check which company entity and regulation your FXPrimus account is over seen by.

Client country Investor protection amount Regulator
United Kingdom £85,000 Financial Conduct Authority (FCA)
EU Investor Compensation Scheme max €50,000 Directive of The European Parliament and European Commission
Other countries 90% of your funds, max €20,000 Bulgarian Financial Supervision Commission (FSC)

FXPrimus Trading Signals

FXPrimus trading signals are triggers to buy or sell a security based on a pre-determined set of criteria. Traders can create trading signals using a plethora of criteria: from simple ones, such as earnings reports and volume surge, to more complex signals that are derived using existing signals. A FXPrimus trading signal is an alert to traders to either enter or exit a position. Trading signals are based on specific times and prices and can be identified through technical or fundamental analysis. It is up to the trader to then decide whether or not to act on the signal.

How does FXPrimus make money?

Because FXPrimus acts as an intermediary, FXPrimus gets compensated through commissions on buy and sell transactions of financial instruments. As a result, FXPrimus profit is determined by the volume and number of transactions.

Spreads (both variable and fixed) and SWAP rates are how FXPrimus make money. The SWAP rates are determined per product and applied to the account balance

When trading Forex somwe brokers charge a per-trade commission, while others charge the spread between bid and ask prices. Forex brokers make money by maintaining the spread or by collecting a fixed fee.

Can you buy shares on FXPrimus?

FXPrimus provides customers with real company shares. Traders can choose from thousands of stock CFDs in addition to shares. You can see the complete list of stocks here. FXPrimus offers CFD stock trading. When trading CFD stocks you are not trading real stocks as you do not own any underlying stock assets. A CFD stock is a leveraged deal between the trader and FXPrimus on the speculative up or down price movement on an agreed stocks price movement.

Does FXPrimus offer Cryptocurrency?

FXPrimus does not offer cryptocurrency trading. The offering of crypto CFDs was stopped by most trading platforms on November 27, 2020, as a result of the Financial Conduct Authority of the UKs restrictions on cryptocurrency. While buying and selling Bitcoin and other cryptocurrencies is still lawful, the UK financial regulator, the Financial Conduct Authority (FCA), has made trading cryptocurrencies illegal for UK residents. This is because the FCA considers crypto CFD trading to be a high-risk activity. You'll need to see if trading crypto CFDs are allowed in your country.

FXPrimus Lower fees, lower costs?

FXPrimus have reasonable trading fees and costs. FXPrimus may charge a deposit fee. FXPrimus may charge a withdrawal fee. Some withdrawal fees are out of the control of FXPrimus and may be due to 3rd party payment providers and your account base currency.

What about the minimum deposit?

FXPrimus minimum deposit is 100 USD / GBP / EUR.

How to start your FXPrimus account?

You can sign up for a live or demo FXPrimus trading account by visiting FXPrimus and signing up. Enter your details, upload proof of ID, fund your account and you should be up and trading within a few hours. Open an FXPrimus account here.

How's the FXPrimus trading app?

FXPrimus allow traders to trade financial markets on iOS, Android supported mobile devices.

You can tryout the FXPrimus trading app here.

Is the quality of FXPrimus customer service satisfactory?

FXPrimus have great customer support which is accessible through email, livechat, phone, support options.

Is this broker good for new traders?

FXPrimus is a good trading platform for new traders as FXPrimus offer a good range of educational resources, good support options as well as a demo account.

How do you withdraw money from FXPrimus?

FXPrimus offer a good selection of withdrawal options. Once FXPrimus have confirmed and approved your withdrawal information, withdrawals are usually processed within 1 to 3 days.

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Ashly Chole - Senior Finance & Technology Editor

FXPrimus Review 2022 (Expert Review) guide updated 13/05/22