Any financial decisions you make are your sole responsibility, and reliance on any site information is at your own risk. PipPenguin makes no guarantees regarding the website’s information accuracy and will not be liable for any trading losses or other losses incurred from using this site. The site may contain ads and promotional content, for which PipPenguin could receive third-party compensation. However, this does not imply endorsement or recommendation of any third party’s services, and we are not responsible for your use of any external site or service. PipPenguin and its staff, executives, and affiliates disclaim liability for any loss or damage from using the site or its information. In conclusion, FXPrimus may be a viable choice for some traders, particularly those who value regulation and security above all else.
- Our research of the broker’s fee structure revealed that the costs mostly depend on the account type and, in some cases, on the platform.
- At FXPrimus, traders have access to a selection of 42 forex pairs and a total of 140 tradeable symbols.
- The more reviews a company receives, the higher the maximum possible aggregate user rating.
FXPrimus stands out for its unwavering commitment to client safety and fund protection. With rigorous regulatory compliance, advanced safety features, and a focus on efficient transaction processing, traders can confidently engage in the markets knowing their investments are secure. There are both spread-free and commission-free account types available, and we’ll expand on this topic further later in this article. FXPRIMUS is very generous when it comes to promotions, as it is usually running an array of promotions to suit different trading styles.
What are the benefits of opening a PrimusZERO account with FXPRIMUS?
FXPrimus is a market maker/ECN hybrid, meaning its profits from client losses where it acts as the counterparty to a position as a market maker. FXPrimus caters to many international traders except residents of Australia, Belgium, France, Iran, Japan, North Korea, and the USA.
Doing so can attract new traders, retain existing ones, and foster a strong community within their client base. In addition to the aforementioned promotions, brokers may also offer other incentives such as cashback or rebate programs, referral bonuses, and discounted trading fees. These promotions enhance the overall trading experience and create a sense of community among traders, as they can participate in competitions and benefit from various rewards programs. It is crucial for traders to be aware of these restrictions and understand that brokers can only operate in certain regions due to the complex nature of international financial regulations. This highlights the importance of working with a broker that is transparent about its operations and regulatory compliance to ensure a secure and trustworthy trading experience. Bank wire transfers are one of the available methods, with processing times taking 2-5 working days.
While the selection may appear limited compared to other brokers, FXPrimus still provides a sufficient range of popular trading instruments, enabling portfolio diversification at competitive costs. The broker’s Market Range Score is rated at 7.8 out of 5, acknowledging the good selection of instruments under favorable conditions and low costs. However, it is important to note that trading is restricted to FX and CFDs, and available instruments may differ by jurisdiction. We found that FXPrimus fees predominantly depend on the account type traders choose.
Research Tools FXPrimus
Based on our findings and the opinions of financial experts, FXPrimus is considered a good broker for many reasons and aspects of trading. It provides great conditions and advanced strategies, assisting traders in exploring new opportunities. Yes, FXPrimus offers a demo account that allows traders to practice their skills without risking fxprimus review real money. FXPrimus offers several account types, including PrimusCLASSIC, PrimusPRO, PrimusZERO, and PrimusDEMO, catering to different trading needs.
FXPrimus Lower trading fees
FXPrimus excels in offering a wide range of funding solutions globally, ensuring clients can deposit funds with trust, safety, and confidence. However, it’s crucial to verify the applicable conditions and methods according to your residence and the relevant FXPrimus entity. The broker’s minimum deposit requirement aligns with the industry average, although specific minimums may differ by jurisdiction. Based on our research all the tools and features of the broker are already integrated on its platforms, enabling traders to conduct good analysis and explore the market with advanced opportunities.
After 100 reviews a company can receive the highest rating, which is an average of their user ratings. FXPrimus has gone on to make a name for itself for its focus on customer needs, wants and protection. Once you have completed this form, you will either be logged into the client area, where you will need to identify your identity before depositing and withdrawing, or you will be prompted with a few more questions.
All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. FXPrimus provides competent mobile trading applications that adequately serve traders looking to manage their portfolios from mobile devices.
What hours is the forex market open?
Use the symbol search tool above to see the specific instruments currently offered. Remember, these are generally traded as CFDs (Contracts for Difference), which allow you to speculate on price movements using leverage and without owning the underlying asset. While CFD trading with leverage offers flexibility, it also involves significant risk. The content on this site encompasses general news, our analyses, opinions, and material from third-party sources, all designed for educational and research aims.
- Since its inception in 2009, FXPrimus has been committed to protecting its client’s interests and has earned the reputation of being a trusted broker.
- We also appreciate that both beginner traders and seasoned professionals can find suitable options for trading, and the broker’s extensive range of tools covers both basic and highly demanded needs.
- Sometimes the promotions come in a form of trading or deposit bonuses, while other times offers especially low spreads on certain trading instruments.
- Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Experienced customer support representatives will deal with your questions within a four-minute time limit in a variety of languages during every market day in your respective time zone, 24/5. Local transfers are another option, offering a processing time of 1-5 working days. Furthermore, when navigating the FXPrimus website, visitors might notice that some sections lead to identical pages.
Withdrawals are typically processed within hours, and FXPrimus prioritizes refunds back to the original deposit source. MT4 is generally more widely available and popular, particularly for its extensive range of EAs and user community. FXPrimus is regulated by the Vanuatu Financial Services Commission (VFSC) under registration number 14595, ensuring compliance with financial regulations. Verification can help ensure real people are writing the reviews you read on Trustpilot. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.
The minimum withdrawal amount for this method is 100 USD, and FXPrimus accepts various currencies, such as USD, EUR, SGD, GBP, PLN, HUF, ZAR, and BRL. FXPrimus covers the fees on their side, but clients should be aware that their banks may charge additional fees for both deposits and withdrawals. Many top-tier brokers, such as ZFX, now consider negative balance protection a standard business practice.
