FXPRIMUS Review

FXPRIMUS
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Overview

That’s a young and promising Forex broker, which does its best to ensure comfortable and profitable trading.

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Details

BrokerFXPRIMUS
Website URLfxprimus.com
Founded2009
HeadquartersOffice 102 Zavos Kolonakiou Center, 4103, Limassol, Cyprus
Support Number+8-835-1008-0975
Support TypesChat, phone, email
LanguagesRussian, English
Minimum 1st Deposit$100
Minimum Trade Amount$1
BonusBonus up to 100%
Leverage1:500
Spreadfrom 0.1 points
Free Demo Account Open Demo
Regulated Yes
RegulationCySEC (№261/14)
Account TypesDemo, Individual, Joint, Corporate, ECN Premier
Deposit MethodsBank transfers, credit and debit cards Visa, MasterCard, exchange offices, Skrill, Neteller, FasaPay, BitPay, Webmoney, etc.
Withdrawal MethodsBank transfers, credit and debit cards Visa, MasterCard, exchange offices, Skrill, Neteller, FasaPay, BitPay, Webmoney, etc.
Number of Assets120+
Option TypesForex, CFD on stock indices, commodities, stocks, metals, oil products, crypto-currencies
US Traders Allowed No
Mobile Trading Yes
Overall Score3/10

Full Review


FXPRIMUS is a young, but very promising Forex broker, which does its best to ensure comfortable and profitable trading. Its clients can count on high-quality services, substantial security, stability as well as the unstoppable development of the company. The secret of success of this broker is rooted in the complex approach, which enables to provide traders with all the necessary tools for work.

Certainly, you’d like to know whether FXPRIMUS is a scam or it’s a reliable company that deserves your trust. We’ll answer this question here below.

FXPRIMUS was founded by a group of institutional and retail traders, who had a clear understanding of what the client needs for trading. The company pays special attention to providing security of online Forex trading. The given broker has become in terms of responsibility of trading. Today it enables the company to establish new security standards on the market. Its mission is to ensure not only the highest safety of online trading, but also to constantly implement the latest developments in the field of security. The issue of technology is also important for the broker. To protect data from hacker attacks of any level, the company uses cloud servers, which provide excellent quality of communication. These servers are located around the world, which enables the broker to ensure fast execution, low spreads and delays. It also minimizes the risk of losing money.

Due to the comprehensive approach to training, FXPRIMUS goes beyond the usual provision of educational materials. The user receives much more: educational support throughout his trading, effective tools to make accurate decisions, resources that help to trade with better results. The productivity of clients’ work is also backed by high-quality technical and fundamental analysis conducted by authoritative experts.

For trading the company’s clients can use one of the most reliable terminals – MetaTrader 4. That’s an indisputable standard of effective trading. It’s very popular due to its intuitive interface, advanced analysis capabilities and automated trading. This terminal will be extremely convenient for the trader of any professional level. It will give an opportunity to work with any devices, including mobile ones. In addition to this, the broker offers its own mobile application, point value calculators, economic news calendars as well as real-time quotes.

Traders can use a free VPS (Virtual Private Server, Virtual Dedicated Server), which works effectively and around the clock, accelerating trading and ensuring the exact execution of transactions. Among the company’s advantages we should mention high-quality multilingual support, free access to advanced training resources, permanent promotions and bonuses.

 

Replenishment and withdrawal of funds

FXPRIMUS offers a variety of withdrawal and replenishment options. To replenish your trading account, you need to go through a fast registration procedure, deposit the required amount, choosing a convenient way of transferring funds (the minimum deposit is $100). To deposit and withdraw funds you can make use of up-to-date payment systems – from usual bank cards to electronic payment systems:

  • Bank transfers,
  • Credit cards,
  • Electronic payment systems (Skrill, Neteller, FasaPay, BitPay, Webmoney, etc.).

Funds will be immediately available on the account for trading after payment. By the way, only authorized traders can withdraw funds from their accounts.

 

Complaints about FXPRIMUS

FXPRIMUS is a new broker in the Forex market. The Internet doesn’t offer many reviews about it. Nevertheless, they’re all diverse, so you can assess both the company’s weak and strong points. Among the positive things traders often point to attractive working conditions, reliability of the VPS server, profitable bonuses and promotions, a stable trading terminal, narrow spreads, excellent execution of deals, professional support managers and great scalping opportunities.

There are also enough negative comments, which mostly point to problems with the replenishment of funds, the operation of the trading terminal (slippage, failures), support service (long answers to requests, including withdrawal issues). It’s worth noting that the company’s representative works on the thematic forums, sorting out the negative reviews. Well, it proves that the broker is concerned over the client’s opinion about the service.

If we find complaints about FXPRIMUS, we will post it on social media. Follow us to be well informed:

 

Is FXPRIMUS a scam?

FXPRIMUS is a young broker, so it’s quite difficult to make clear conclusions about it. Later new reviews should show up. The company hasn’t demonstrated its full potential and shortcomings yet. However, notwithstanding it’s a very young company, it has already become a market leader in terms of security. The company has shown how safe trading should look like. That’s a serious recognized achievement, which speaks about the impressive work of the company. Certainly, it has nothing common with fraudulent projects, which have the opposite approach to working on the market.

Special attention should be paid to the interesting approach to the organization of Forex trading by the broker, which is fully described on its official website (truth about Forex). That’s a complex system, which combines security and a slew of cutting-edge solutions, providing high-quality material for analytics and training. At the same time, the company has tried to fruitfully work with each component of the system to ensure the maximum efficiency. As for trading, the company provides high-quality support and tools. The technologically advanced broker has come up with reliable solutions for trading: MT4 as well as its versions for all devices and other services.

Such a deliberate and thoughtful approach to trading became possible due to the fact that the team includes only true professionals in their field, who clearly understand the needs of the trader as well as impressive capital investments. It’s not definitely a one-day broker, created solely for the purpose of deception. FXPRIMUS has a license, which also has a positive effect on the user’s attitude towards the company. We should also note the official website of the company, which contains a lot of useful information about the company, various features of trade, trading terminals, analytics and training materials. However, there are problems here: some of the information is provided in English, so it’s difficult to find all the necessary materials (terms of trade, types of traded instruments, accounts, etc.) for those who don’t speak English.

Can we label this company as a scam? Perhaps, we can’t. It’s a young, successful and dynamically developing broker, whose approach is being closely watched by its competitors (online trade safety issues). It has a large base of traders around the world and provides high-quality services. Nevertheless, in order to avoid problems with the broker, you should work with your personal manager in the proper way. You should specify all the necessary information about the rules of using bonuses, the withdrawal procedure, etc.

 

Regulation of the broker

FXPRIMUS is a fully licensed company with a permanent representation in the EU member state, Cyprus. It’s regulated by the Cyprus Securities and Exchange Commission (CySEC, No. 261/14), which guarantees the highest reliability and security of trading. Its activities are also authorized and licensed by the Ministry of Finance and Economic Management of the Republic of Vanuatu, the Vanuatu Financial Services Commission (VFSC, No. 14595).

Check the license of FXPRIMUS on CySEC website
Check the license of FXPRIMUS on the VFSC website

 

Bonuses of FXPRIMUS

Each trader of the company can count on 2 types of bonuses:

1) A 100% bonus

This profitable bonus will enable you to get extra funds in the amount of up to $10,000, as well as a return of $4 for each used lot. Terms of work with the bonus should be specified by the personal manager.

2) A 30% bonus

It’s also a profitable bonus from the broker for trading in the amount of $1500. Both new and regular customers can participate in the promotion. To get this bonus you need to replenish your account with at least $500. Terms of work with the bonus should be specified by the personal manager.

 

Conclusion

The Forex trading broker FXPRIMUS appears to be a young, but already quite successful and dynamically developing company. It’s considered to be one of the industry leaders these days. Having a large database of traders around the world and providing high-quality trading solutions, unique services to the user, it’s constantly and successfully evolving, following modern trends of working in financial markets. It terms of security this broker really has no rivals. On the Internet you can find both positive and negative reviews about the broker. The company’s representatives constantly monitor user feedback, trying to timely resolve issues. It certainly positively characterizes the broker.

We really hope that the company will demonstrate only its positive virtues and keep improving its services. We guess it will never stop providing unique trading opportunities to its users. We should also note that the broker hasn’t shown its full potential yet. Therefore, it’s too early to make any conclusions about it. Currently, we can’t say for sure whether it’s a reliable or fraudulent company. However, the traders’ responses we are waiting for this article can change the broker’s rating. Moreover, it will also warn many people against possible problems in the future.

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