FXPrimus Review 2022: Philippines

Test This is a thorough examination of FXPRIMUS, a multi-asset trading platform with over 130 tradable assets. Forex and social trading are among the assets available on FXPRIMUS. It is a safe and simple platform that is governed by the Cyprus Securities and Exchange Commission (CySEC) and other organizations. FXPRIMUS provides a wide range of services as well as access to several different marketplaces. It gives you access to over 120 trading pairs across multiple markets, as well as a gold trading platform. FXPRIMUS' web platform is user-friendly and dependable. It includes a $50,000 sample account manager to give users firsthand experience. Deposits and withdrawals are both quick and secure. The dedicated team at FXPRIMUS is committed to assisting users by offering a variety of specials and deals. The company is open for business globally.

History and Regulation

FXPRIMUS was founded in 2009 and is headquartered in Cyprus. Primus Markets INTL Limited is governed by the VFSC. FXPRIMUS, which is regulated by Primus Global LTD, is a global online financial trading platform and multi-asset broker. It provides its VIP clients with access to online forex trading, commodities, energy, and indices. It offers its clients academic, technical, and practical assistance throughout their trading journey.

What regulator, where FXPrimus has been regulated？

We found that FXPRIMUS is regulated and supervised by reputable financial regulatory bodies in this FXPRIMUS review.

The Cyprus Securities and Exchange Commission (CySEC) and the Markets in Financial Instruments Directive govern FXPRIMUS (MiFID).

To ensure safe trading and the maintenance of a license, brokerage firms must follow various rules and criteria for license approval, which are determined by a financial conduct authority.

Regulatory agencies closely monitor broker activity, share information, and will step in if something goes wrong.

Check to see if a broker, such as FXPRIMUS, is a legitimate online broker before trading with them.

If you're looking for FCA or ASIC-regulated brokers, check out our best forex brokers in the UK or best forex brokers Australia pages.

FXPrimus Pros & Cons

Types of Accounts

While there are three account types, they appear to provide the same basic trading environment. A minimum deposit imposes unwanted, intrusive add-ons on traders. The spread, presumably, decreases as the account balance increases, an unfortunate and outmoded approach to serving traders. The account types' structure suggests that the broker has a poor understanding of market trends and client needs. Accounts in Islamic currencies may be requested.

Higher deposits come with unwanted and intrusive add-ons, while the overall structure confirms the management/marketing team's lack of market knowledge.

Trading is a high-risk endeavor that requires a great deal of experience and understanding. To get started, the company offers a one-of-a-kind and simple-to-use web platform called FXPRIMUS MT4 Download. Customers gain access to a variety of features on the platform after depositing funds into their account balance.

MetaTrader 4 (MT4)

The FXPRIMUS MT4 platform is the most trusted and reliable in the trading world. It ensures that users are happy with their automated trading systems, that they are well supported, and that they are a success. Users can gain access to the web platform after creating an account and depositing funds into it. FXPRIMUS MT4 download is a simple and dependable platform. You can search for different currency pairs on the platform's left side. Users can use their preferences to find trading pairs, forex, indices, lists, and other commodities.

Features of MetaTrader (MT4)

• Any device can use it.

• Allows for automated trading.

• Trading with a single click.

• Completely free indicators.

• There are numerous technical drawing tools available.

• Multi-charting lists.

• Portfolio management by a professional.

• Additional tools added.

Analysis and Graphing

To be a successful trader, one must be proficient in charting and analysis. Given the importance of charting and analyzing, FX PRIMUS has implemented a mechanism for training its user reviews through the use of its numerous capabilities. Charting and a variety of indicators and methodologies are used in technical analysis. As a result, it provides its users with a strong sense of charting and analyzing. It also includes a small terminal option.

Miniature Terminal

It enables users to manage multiple trades, set a stop loss, and profit from their winning trades. As a result, it provides its platform's users with numerous benefits.

Mobile Trading

Mobile trading has become a necessity as a result of rising globalization. Users can use the MT4 mobile trading platform to access their accounts and start trading even when they are not near their laptops. As a result, mobile trading is critical for FXPRIMUS users.

Trading Fees

FXPrimus charges fees in the form of spreads and commissions. The brokerage provides two types of live spreads: ECN and variable.

The ECN Premier account offers the tightest spreads starting at 0.5 pips on popular pairs like the EUR/USD. However, there is a 10 USD per lot commission, which decreases when you reach a monthly trading volume of 250 lots. Alternatively, there are no fees with the variable spread option, but market conditions determine what you achieve.

Deposits and Withdrawals

Leverage

By CySEC regulations, leverage at FXPrimus is limited to 1:30 for retail clients and 1:200 for institutional traders. Prospective clients should be aware of the dangers of leveraged trading.

FX Primus accepts bank wire transfers, credit cards such as Visa and Mastercard, and e-wallets such as Skrill and Neteller for deposits and withdrawals.

You can send money in the following currencies:

• USD

• EUR

• SGD

• GBP

• PLN

• HUF

The minimum deposit amount per transaction is $100. Withdrawals are generally free of charge, though small amounts may be charged. When funding your account, keep in mind that your bank may use an intermediary to hold the funds in escrow and may charge a fee for this service.

Note: ZAR is not accepted as a base currency.

Contact Support

Customer service is available 24 hours a day, five days a week via email at support.cy@fxprimus.com or via their live chat feature. They also have a Telegram support bot, as well as Whatsapp and the Line access. The customer service phone number is +357 25257687. Alternatively, you can use the Contact Us page to fill out a form.

Conclusion

FXPrimus is a well-established, regulated broker that provides a wide range of financial instruments. Seasoned traders are well-equipped with the MT4 platform and an ECN account. Clients expecting welcome bonuses may be disappointed, but regulators are cracking down on sign-up bonuses across the industry. Overall, FXPrimus is a respectable online trading platform.

FXPrimus Alternatives

If you're looking for FXPrimus alternatives, we've put together a list of the top 5 brokers that are similar to FXPrimus below. This list of brokers similar to FXPrimus is organized by similarity and only includes firms that accept traders from your location.

• FP Markets – FP Markets is a multi-asset broker that offers several trading platforms.

• Roboforex – Roboforex is a multi-asset online broker that provides effective trading tools.

• AvaTrade - Avantrade is a leading forex and CFD broker that is licensed in Ireland, Australia, Canada, and South Africa. AvaTrade is especially strong in terms of integration, including MT4.

• Vantage Markets - Vantage Markets has been providing dependable and affordable trading since 2009. Join over 400,000 others in trading 300+ CFD products on assets such as forex, gold, indices, and shares from 0.0 spread using TradingView, MT4, or MT5. Vantage is governed by ASIC, and client funds are kept separate. In less than 5 minutes, you can open an account.

• FXTM – FXTM is a well-known forex and CFD brokerage. They cater to all levels of the trader by offering a wide range of markets and 6 account types.

FREQUENTLY ASKED QUESTIONS

What Is the FXPRIMUS Minimum Deposit？

FXPRIMUS requires a minimum deposit of $100.

How Long Does It Take to Withdraw from FXPRIMUS？

The time it takes to withdraw money from FXPRIMUS varies, but it usually takes between 2 and 5 days.

Is there a bonus with FXPRIMUS？

FXPRIMUS provides two types of trading bonuses, both of which are designed to reward loyal customers while increasing trading volume.

Is FXPrimus a reputable broker？

FXPrimus possesses many of the characteristics of a good broker, including CySEC regulation. It also offers the MT4 platform, which allows for quick transactions and a slew of features.

What base currency can I use to open an FXPrimus account？

FXPrimus provides accounts in the following currencies: USD, EUR, GBP, and SGD. It should be noted that ZAR is not accepted as a base currency.

Is there a demo account available at FXPrimus？

FXPrimus does provide a demo account on the MT4 platform. To open a practice account, go to the broker's website.

Is it possible to trade Bitcoin at FXPrimus？

Yes, clients can trade Bitcoin as well as several other cryptocurrencies, including Litecoin, Ethereum, and Dash, at FXPrimus. The broker provides tight spreads as well as crypto-fiat pairs.