October 8, 2019
Review of international broker FXPRIMUS, details of spreads, features and reviews

FXPRIMUS has the trust of users all over the world. It has a rather convenient trading platform with its own features, one of which is the lack of Russian.

Broker’s description

Founded in 2011 by Terry Thompson with a team of brokers and programmers. The company operates in more than two hundred countries and is one of the first iSO 27001 licensed brokerage companies.

License and legal regulation

The company is registered at Ebene House, 3rd Floor, 33 Cybercity, Ebene, Mauritius, its activities are regulated by the VFSC certificate of the island of Mauritius. The broker has an affiliate program with referral links.

Complaints and claims

At the moment, the broker is not seen in major scandals with litigation and deceiving users for large sums. It is safe to say that the broker has a good reputation.

User reviews

However, users are not always happy with the work of the broker, many complain about problems with withdrawal of money. You can also find feedback on the complexities of closing trades manually or other baguettes of the terminal.

On the positive, users note the fast operation of the terminal and good technical support, but such reviews are more common on English-language sites. 

Trading conditions

The broker has more than 45 trading instruments, such as Forex, precious metals, CFDs, petroleum products and fossil gases, indices, etc. Currency deposits such as USD, GBP, EUR, SGD, AUD are available to users. The minimum bill for the start of trading is $250, the minimum bet is 0.01 lots.

Spreads and commission

The spread of 0.3 points on the EUR/USD pair is the lowest for this broker. The broker has rather low spreads, minimal or no commission on withdrawal and rates. The leverage is up to 1000:1, there is also protection from a negative account and a personal account manager.

Account types

FxPRIMUS offers its clients three types of accounts: standard, premium demo account as well as VIP account. Users have the opportunity to divide their accounts into individual, joint account type and corporate account.

The standard account opens at $250 with a minimum bet of 0.01 lots.

The demo account is designed for beginners and gives you the opportunity to test all the broker’s trading platforms with a virtual limit of up to $50,000.

The premium account is for those whose investments exceed the $500 rate. This account allows you to watch exclusive tutorials, seminars, and also opens access with trades with minimal spreads, up to 0.

Trading with the “broker name”

FXPRIMUS is a STP broker and offers instant processing of transactions without the participation of people. Multilingual technical support and personal managers help to manage the difficulties that have arisen. 

Many platforms allow users to trade with the most comfortable conditions for themselves.

Trading platforms

The standard set of trading platforms is optimized for IAS, Win, and mobile devices to make deals in any convenient place.

MT4 is ideal for novice traders, a clear interface without unnecessary tools and panels will help to understand the system as quickly as possible.

The platform gives its users remote access through VPS services. There is also a system of PAMMs.

For users who want to try all the possibilities of FIX individual trading, the platform offers platinum API, with a minimum deposit of $50,000. Margin requirements for users are only 1%.

Training

FXPRIMUS Market specialists blog on the broker’s official website, which describes their experience of successful trading and gives advice to novice traders. 

The platform also regularly invites third-party specialists to conduct seminars and workshops for both beginners and experienced auditors. A large library of tutorial scans and a review of market events are also in the training section on the broker’s official website.

Support

Recently, FXPRIMUS representatives writing responses in Russian language began to appear on sites with reviews. Before that, Russian-language technical support did not exist. English-speaking users are generally satisfied with the work of specialists both in chat rooms, phone and email.

Conclusions

Since the broker FXPRIMUS does not have high-quality Russian-language support, and it has not yet established itself in the domestic market, investments through it can be accompanied by difficulties. 

A review of FXPRIMUS should help you shape your mind. However, you need to understand that the final decision to cooperate with this broker is left to the user. 

Before making a decision, it is necessary to pay attention to the most negative and neutral events associated with the broker. On sites with reviews you can find events such as the forced closure of a cryptocurrency account due to lack of liquidity without warning.

No less often you can find feedback about the successful cooperation of users with their individual managers, who are always ready to give advice and help in solving controversial issues.

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