FXPrimus Broker: a comprehensive review in 2021

FXPrimus is an online broker offering its visitors “the safest place to trade,” as mentioned on their web page. The company has been working under the regulations of CySEC, FSCA, and VFSC since 2009. After registration and login in FXPrimus, users are provided with educational content on trading and more beneficial features. In this FXPrimus review, we provide an analysis of the important features and functions the broker offers.

Pros and Cons

FXPrimus works on the basis of three main principles — safety, technology, and education — to ensure clients have a successful trading experience. Below, we have listed the main advantages and disadvantages of FXPrimus.

ProsCons
+ You will get professional assistance + FXPrimus offers equity protection, ensuring it remains positive. + A market highlight and insight report per week + Withdrawals are completed in a timely manner + FXPrimus provides vital informational content + All topics like FXPrimus register, Bitcoin, FXPrimus leverage, and other features are covered in their video tutorials– Higher trading features are present for VIP accounts. – FXPrimus has variable spreads.

Key Features

FXPrimus won popularity among users, thanks to its features. Let’s name the most significant of them:

  • The process of FXPrimus registration provides an easy process to start trading instantly.
  • The MT4 FXPrimus platform allows management of several accounts on the same screen.
  • FXPrimus provides a readily available Virtual Private Sector service that enables integration with the MT4 FXPrimus platform. This feature fastens the trading process by increasing performance and accepting data from several networks.
  • Protection against Negative Balance is enabled.
  • Additional security is available through a third-party monitoring process.
  • Another key feature is that FXPrimus offers educational content, seminars, research, and more.
  • Offers a wide range of promotions.
Trading InstrumentsForex, Cryptocurrencies (e.g., in FXPrimus, Bitcoin can be traded), Energies, Equities, Precious metals, Indices, Futures
SpreadsVariable or ECN Premium
Leverage1:1000
Trading PlatformsWeb, Desktop, Mobile, MetaTrader 4 (MT4)
Account CurrenciesUSD, EUR, SGD, GBP, PLN
RegulationCySEC, VFSC, FSCA
Demo AccountYes (offers a demo account with zero deposit)
Islamic AccountYes (for Muslims, there are swap-free accounts)
Allowed CountriesAbout 180 countries in Europe, Asia, Oceania, and Africa. The platform is not available for users in Australia, Belgium, France, Iran, Japan, Yemen, North Korea, and the USA.

Account Types

There are three main types of FXPrimus accounts. We have compared them on several grounds:

StandardPremiumVIP
Minimum Deposit amount in FXPrimus$1000$2,500$10,000
Daily Market OutlookYesYesYes
Consultation ServiceYesYesYes
Trading Bonus of 100%YesYesYes
MT4 FXPrimus and Trading Tools – 1-hour trainingNoYesYes
Market Updates via CallsNoYesYes
Market Expert Consulting – ½ hourNoNoYes
Market Expert Availability 24/5NoNoYes
VIP Trading SignalsNoNoYes

Deposit and Withdrawal Options

Users can find plenty of withdrawal and deposit methods in FXPrimus. Here are the ways of how to replenish your FXPrimus account:

Deposit OptionCurrencyProcessing Time
Bank Wire TransferUSD, EUR, SGD, GBP, PLN, HUFfrom 2 to 5 working days*
Local TransferMYR, IDR, VND, THB1 working day
E-Wallets (ecoPayz, Skrill, Neteller, Bitcoin, UnionPay, FasaPay)EUR, USD, IDR, CNYup to 5 minutes
Bank Cards (VISA, MasterCard, American Express)USD, EUR, GBP, SGD, PLN, HUFup to 5 minutes

*It usually takes about some business hours to handle and credit funds to trading accounts, deposited via Bank wire transfers  As for withdrawal: you can choose one or several of the most convenient methods for you, according to the currency you need to withdraw.  Attention! Sometimes, the process can take a longer time.

Withdrawal OptionCurrencyProcessing Time
Bank Wire TransferUSD, EUR, SGD, GBP, PLN, HUF2 -5 working days
Local TransferMYR, IDR, VND, THB24 hours
E-Wallets (ecoPayz, Skrill, Neteller, Bitcoin, UnionPay, FasaPay)EUR, USD, IDR, CNY24 hours
Bank Cards (VISA, MasterCard, American Express)USD, EUR, GBP, SGD, PLN, HUF24 hours

Bonuses and Promos

  • 100% Deposit Bonus. Users can dispose of a bonus equal to 100% of the deposits made into accounts. For instance, on a deposit of $1000, a bonus of $1000 is presented. The broker website also offers $4 cashback on each traded lot. The bonus offer is for both new and existing clients.
  • 30% trading bonus. New and existing clients can also avail of an exclusive 30% bonus by a minimum deposit of $500. Along with this, the clients will get access to informational content and a suite of trading modules.
  • Other promotions include zero fees, oil trading, gold trading.

Best Payment Solutions for FXPrimus Users

Below we have reviewed and listed the best payment solutions for you to opt from: Skrill logo

Skrill – Founded in 2001, Skrill offers free and safe online money transfer options to multiple countries globally via its Skrill Money Transfer service. After you register an account with Baxity, the service, along with a Skrill wallet, is made more convenient. The company’s services are reliable, quick, and efficient. Skrill allows both credit cards, debit cards, bank transfers, and Klarna. neteller broker logo

Neteller – Neteller is also a great and safe online money transaction method. The company has over 20 million customers from different countries in the world. Neteller has a simple 3-step registration, after which you can easily complete your transaction needs. The company accepts multiple cards with fees of only 2.5%

ecopayz forex broker logoecoPayz – ecoPayz offers its users a secure online transaction process. A free account called ecoAccount is to be registered without the necessity of any bank details. After this step, you can set up your account by adding the required bank details and other information accordingly. Once done, you may continue your financial transactions. ecoPayz enables global money transfer. trastra logo broker

Trastra – Trastra enables its clients to make operations with crypto via a personal IBAN. Its payment card service links to cryptocurrency wallets and the crypto wallets complete the currency transactions in a safe and efficient manner. Signing up on Trastra is easy and free.

FAQ

Q: What is the FXPrimus minimum deposit and withdrawal amount?

You can replenish your FXPrimus account with a minimum of $100.

Q: Are there any deposit or withdrawal fees?

You will face 0% FXPrimus commission for depositing funds in the mentioned deposit methods. The platform also charges no withdrawal fees in the withdrawal options listed above.

Q: Can I try FXPrimus before I buy?

You can. A demo account option is available for interested users with zero deposit. It is a great way to understand the website and practice trading before finally opting for the field of Live Trading.

Q: How to contact FXPrimus customer support?

FXPrimus customer services can be accessed by many options. A telephone number, Frequently Asked Questions section, Live Chat service, email address, dealing service, and “contact us” form are available on their website.

Comments

    1. Abhishek, in order to use FXPrimus account you will need to verify your identity via documents and ask some questions about financial background to confirm how much trading experience you have. This is a usual process so you don’t need to worry. FXPrimus provides quite clear instructions so I will likely understand what you should do.

        1. No, there is no need to talk with their managers by phone. All you need to do for verification is to submit the necessary documents: Proof of Identification and Proof of Residence.

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