FXPRIMUS Review 2024 Regulated broker focused on education

Posted on by admin

They aim to provide one of the most secure trading conditions in the industry with high standards set for responsible trading and safety of clients. I am impressed with the great range of trading product and features they offer within a regulated environment. I like the trading environment at FXPrimus for high-frequency traders in the Primus Zero account, which offers highly competitive trading conditions.

If you don’t have your own computer or mobile to hand, you can login to the web platform from another device without needing to install any software. The commission-free pricing environment begins with an expensive 1.5 pips or $15.00 per round lot and is the only one that offers MT4 and cTrader. BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.

FXPRIMUS Review

  1. FXPrimus was established in 2009, positioning itself as a broker offering a wide range of platforms in the forex and CFD trading industry.
  2. Traders may e-mail, use a web form, or messenger apps Messenger, WhatsApp, WeChat, Zalo, Line, and Telegram.
  3. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
  4. In addition to this, they also have professional indemnity insurance via the Howden Group.

There are 3 accounts to choose from, the variable account, ECN premium account and VIP account. The main difference between each of the accounts are the features that you get access to. You can choose from low spreads or no commission fee, depending on what works best for your strategy. They also provide demo accounts if you would like to test the trading platforms and conditions before opening a real account. FXPrimus offers traders demo accounts and does not list a time limit on its website. Demo accounts are ideal for testing new trading strategies and bug-fixing algorithmic trading solutions.

I recommend beginners read them to understand some basics before enhancing their education with trusted third-party sources available online free of charge. Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years.

They conduct regular financial and compliance audits that are externally authenticated to ensure independent, transparent and accurate review of the company finances. Their systems are encrypted with 128-bit keys to safekeep information that is transferred across and prevent third-party access. They have a global footprint with data centres in New York, London, Hong Kong, China and Singapore.

Overall, I think FXPRIMUS can be a great choice of broker for trading forex. They have very competitive trading conditions including spreads from 0.0 pips, low fees and quick execution. You get access to trade via the intuitive MT4 platform on all of your devices. I like the diversity of account types and abundance of funding options available.

Mobile trading apps at FXPrimus

The asset selection is small but suits traders who require few but liquid assets, while FXPrimus provides MT4, MT5, and cTrader. Only MT4 is available for the Primus Zero account, where this broker ranks among the leading providers amid etoro review high leverage and low costs. FXPrimus is an execution-only broker focused on the core trading environment.

Where is FXPrimus from?

FXPRIMUS can provide direct market access (DMA) using an exclusive FIX Protocol for those who want a more customised experience with faster execution speeds. It is worth noting that access to the Platinum API does require minimum deposit of $50,000 although margin requirements on some instruments are as low as 1% through the API. Regulation across multiple jurisdictions helps to give traders confidence that they are trading with a reputable and trustworthy broker that must uphold the highest of standards. I don’t have any problem with the regulations in place and trust them with my funds.

If you are new to trading online then I am sure you will be pleased with the amount of educational content. There is insightful market analysis and trading signals to help inspire trade ideas. Overall, this is a well-established online trading broker with great emphasis put towards client safety and education. They have over a decade’s worth of experience within the industry lmfx review whilst utilising some new technologies to continue to try and improve their offering to traders.

The VIP trading signals give you access to trading signals with live notifications and alerts, including technical analysis for potential trade entry and exit points across different instruments. Clients that maintain an account of at least $10,000 qualify for a lifetime subscription of VIP trading signals that can be accessed from within the FXPRIMUS members area. The former has eleven video tutorials, which guide beginner traders through the account opening, verification, and funding, installing the MT4 trading platform and registering as a partner. Given the wealth of free and paid-for research available online, I do not consider its absence a negative. While it creates a services gap with many competitors, FXPrimus maintains a competitive environment suited for advanced high-frequency traders who do not require research. One of the most ignored trading costs is swap rates on leveraged overnight positions.

They are a testament to the ongoing effort by FXPrimus to maintain a competitive edge for its clients. Accounts can be opened in a decent choice of currencies which are EUR, USD, GBP, SGD, PLN. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

Primus Global Ltd is operating in compliance with the Markets in Financial Instruments Directive (MiFID) which was established to give EU members a regulatory framework for protecting investors. 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.

FXPrimus trading platforms and tools

Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team. Only verified trading accounts may request withdrawals, and FXPrimus processes withdrawal requests Monday through Friday between 0700 and 2100 (GMT+2).

On the other hand, FXPIG is a good forex broker that gives all clients personalised support regardless of their investment size. The broker gives you the option of a VPS (Virtual Private Server) through their data centres in London and New York. The VPS connects the MT4 platform to a server which can reduce latency between MT4 accounts and their servers, thus improving the chances of getting filled at better prices. The VPS is free if you have a trading account with a balance of at least $500 and trade 5 or more standard lots 30 days from activation. At FXPrimus, traders have access to a selection of 42 forex pairs and a total of 140 tradeable symbols.