Ranking of brokers are subject to change. Elements that impact our ranking include general Broker Information, such as regulation, year estableshed, avaliable languages, trading platform features, ease of use and customer service. Additional elements that effect the ranking too are the number of consumer visits, percentage of sign ups and purchased services, the user device, operating system, location, the day of the week and time of day.
FXPRIMUS is a fully licensed online brokerage firm domiciled in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC). Established by retail traders and managed by a team of professional traders, FXPRIMUS has clients in more than 200 countries around the world.
In addition to Forex, traders can trade spot metals, indices, global equities and other CFDs all within the MetaTrader 4 platform.
FXPRIMUS is the recipient of the Best STP Broker Asia 2013 and Best Trade Execution Asia 2013 Awards by Global Banking & Finance Review.
FXPRIMUS offers Micro, Mini and Standard lot trading in a single account, which can be set up as an individual, joint or corporate account. They also offer self-directed and managed accounts as well as Introducing Broker (IB) and Affiliate accounts. These accounts can have variable or ECN Premier spreads. All of the accounts have the same minimum funding requirement of $100.00 or its equivalent.
The ECN Premier Account charges 1 pip (approximately $10); A mini lot (0.10) will be charged approximately $1 and a micro lot (.01) will be charged approximately $10.
Money Managers are offered a MAM system for managing an unlimited amount of accounts at once.
Traders can have as many accounts as they want but they must be under different usernames. Hedging and scalping are allowed.
I was pleased to see that a demo account is available and is valid for 30 days from the date of registration. The spreads in the variable options are identical in both practice and live accounts.
FXPRIMUS has partnered with industry leaders to provide cutting-edge technology, speedy execution, and low-latency solutions that ensure the most optimal trading environment.
Electronic trading leads the demand for low-latency connectivity because being able to execute trades in the quickest time possible is the ultimate factor in online trading success. FXPRIMUS provides clients with a trading experience similar to what institutions have access to.
FXPRIMUS’s global data centers are now on the Equinox , a NASDAQ listed firm that has servers listed in all of the world’s major financial hubs via state of the art fiber optic technology, the Equinix Financial EXchange Global network. By utilizing this network, FXPRIMUS is able to provide fast connectivity, sub millisecond executions to clients throughout the globe regardless of geographic location. FXPRIMUS has data centers in Hong Kong, the Netherlands, New York and Singapore.
When it comes to social trading, FXPRIMUS offers a fully automated trading tool that allows traders to watch other traders that have the highest profits, learn and copy their style, and place trades easily.
The MYFX Console is a powerful trading platform available for all Forex traders using MetaTrader 4. New traders can enjoy simplicity of MYFX while advanced traders will appreciate the ability to customize trades and to streamline their trading process easily. And the VPS server allows them to connect to their MetaTrader4 (MT4) platform using a remote computer located close to the FXPRIMUS MT4 servers. The cost is only $30 a month for this service.
MyFX at FXPRIMUS
Another feature at FXPRIMUS is their Autochartist, one of the today’s most advanced intraday tools for the automatic identification of Chart and Fibonacci patterns. It has a 70% accuracy rate of forecasts for price breakout .
FXPRIMUS is very big on promotions and there was quite a mix in place at the time of this review for all types of traders and even special ones for FXPRIMUS partners.
Anyone switching their trading balance from an existing broker over to FXPRIMUS receives a thank you bonus of up to $6,000 free trading funds.
The promotion will run for a limited only and will expire on 31 August 2015.
To celebrate the broker’s official partnership with Manchester City FC, traders can get up to $3000 free trading funds through various contests.
A current promotion was being offered to anyone funding their account with credit card, debit card or bank wire. All funding was being so without incurring extra charges. FXPRIMUS was also reimbursing all credit and debit card transaction fees charged by the credit card payment processors Allied Wallet and Global Collect. The reimbursement was automatically applied to the deposit.
The Education Team at FXPRIMUS features some of the superstars of forex trading, global macroeconomic analysis, future trends and communication experts.
FXPRIMUS Forex Education
There is a daily news report, an Asian Market Review, Forex Breaking News and the Market Brief of The Week which is a roundup of the week’s events.
FXPRIMUS Forex News
There are textual lessons on a number of financial topics and weekly live webinars are provided.
Funds can be deposited via credit and debit cards--FXPRIMUS will cover credit card fees. Bank wire transfers are also free of charge but local banks may charge a fee of $5 plus any applicable local bank fees and conversion charges.
They offer three methods to withdrawal funds: Via bank wire, Skrill or through a FXPRIMUS prepaid credit card. Customer's account will be debited $50 for withdrawals processed via Bank Wire.
Traders can connect with a FXPRIMUS representative by phone in many different languages. On online question form is provided and Chat is available any time the Forex market is open.
The FXPRIMUS website is available in over 50 different languages.
FXPRIMUS was established by retail traders and this puts them in the best place to understand the needs of a trader. They have provided a site where their clients with all the right tools like a stable trading platform, low spreads and reliable customer service.
FXPRIMUS recognizes that there are traders with different skill levels and they have adapted their website to this premise. As users logged onto their website, they will be prompted to state whether they are new traders or experienced traders. The reason for this is to direct new traders to the learning section. For experienced traders, the website directs them to all the trading tools that they need to make an informed trade. This is a unique feature not found with many other Forex brokers.
FXPRIMUS offers their clients several trading options. Traders can opt for the popular and reliable Meta Trader 4 trading platform or the simpler web based trading platform. Alternatively, for traders who are always on the go, they can also opt to trade from their mobile devices using the mobile trading platform.
The MetaTrader 4 platform is perfect for traders of all experience levels and is recognized for its user-friendly interface, advanced charting features, technical analysis tools and automated trading capabilities. The FXPRIMUS MetaTrader 4 platform supports multiple account base currencies including USD, EUR, GBP, AUD and SGD and is available in over 30 different languages.
FXPRIMUS MT4 Platform
FXPRIMUS offers a free Android and iPhone/iPad app with real-time pricing and execution of trades, enhanced charting functionality with various timeframes, pip value calculators, economic news calendars and more. It can be downloaded from the Apple App Store and Google Play.
Did you have a good experience with this broker? A bad one? Tell our team and traders worldwide about your experience in our User Reviews tab. Your email address will not be posted.
Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate, irrelevant or promotional links will also be removed.
I've been joining the Fxprimus bandwagon for a few months now. No hassle during registration and thus far the execution is fast. Most importantly I've started to make some pips picking up some tips from Mario's daily and weekly market reports. I'm considering taking up Fxprimus Coach to be able to chat one on one with one of the coaches directly.
I'm surprised that FXPrimus is number 6 and has a rating of 4. It is the best broker I've traded with. Great customer support, honest, and reliable.
Should be 5/5. I would definitely recommend trying FXPrimus to any serious forex trader.
They are very new in Forex, it will take them time to become a trustworthy broker, but they seem to be heading that way.
I like the idea of trading Forex options and that it's regulated. Definitely worth checking out
Review info: FXPRIMUS
Review Date: 2017-10-18
Rating : 3.5
Reviewed By : Sara Patterson (Google+)