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Forex

Prime Of Prime Broker

FXPRIMUS

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Unproved

Unproved

FXPRIMUS

Cyprus

2009 (15 Years)

5 Reviews

Please carefully consider your options and choose the service that best meets your needs.

Beware

2.73/5

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Traffic & Engagement

2.67

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License

Warning

This broker is currently unregulated. Please be cautious of the potential risks!

What are the differences in regulations for each ?

License

A Grade License

Both institutions and consumers highly trust the license in grade A. They operate more extended and are more challenging to hold than others. They have strict rules which the company needs to comply with. Just one point was deducted from grade A.

B Grade License

The license in grade B is also trusted, but the difference between them is it will slightly get less complicated than in grade A.

C Grade License

The license in grade C is also safe to rely on, but we recommend that you be careful with your chosen company. You should inspect the company information before investing.

D Grade License

The license in grade D is easily held and has yet to become widespread. If your chosen company holds a license in this grade, you should carefully contemplate it.

License

Warning

This broker is currently unregulated.

Please be cautious of the potential risks!

What are the differences in regulations for each ?

Users who look FXPRIMUS also look…

News

TrustFinance Intelligence Agency

Research date: Thg 11 28, 2024

The website Global Banking and Finance Review offers news, analysis, and opinion on the banking and finance industry worldwide. It covers topics such as banking, insurance, investment, wealth management, fintech, and regulatory issues. The website also features interviews with industry professionals, like Terry Thompson, President of FXPRIMUS, who discusses the company's services, initiatives, and market presence. FXPRIMUS offers remote trading services globally, with a focus on risk management and customer support. The company differentiates itself by providing transparent products, strong regulatory compliance, and educational resources for traders. FXPRIMUS operates in 205 countries, with plans for further expansion. The company places a strong emphasis on regulatory compliance, security measures, and fund safety. It also engages in corporate social responsibility initiatives through the Primus Child Foundation. FXPRIMUS offers various account types, trading platforms, and affiliate options. The website also mentions the company's current promotions and contests, as well as its commitment to social media engagement and customer support. Overall, FXPRIMUS aims to provide a safe and reliable trading environment for its clients.

The website Global Banking and Finance Review offers news, analysis, and opinion on the banking and finance industry worldwide. It covers topics such as banking, insurance, investment, wealth management, fintech, and regulatory issues. The website also features interviews with industry professionals, like Terry Thompson, President of FXPRIMUS, who discusses the company's services, initiatives, and market presence. FXPRIMUS offers remote trading services globally, with a focus on risk management and customer support. The company differentiates itself by providing transparent products, strong regulatory compliance, and educational resources for traders. FXPRIMUS operates in 205 countries, with plans for further expansion. The company places a strong emphasis on regulatory compliance, security measures, and fund safety. It also engages in corporate social responsibility initiatives through the Primus Child Foundation. FXPRIMUS offers various account types, trading platforms, and affiliate options. The website also mentions the company's current promotions and contests, as well as its commitment to social media engagement and customer support. Overall, FXPRIMUS aims to provide a safe and reliable trading environment for its clients.

The Reserve Bank of India (RBI) has declared 34 forex trading online platforms as illegal and cautioned the public not to undertake forex transactions on unauthorized platforms. The 'Alert List' includes entities not authorized by the RBI for forex transactions. Residents are advised to only engage in forex transactions with authorized entities and on recognized stock exchanges. Undertaking transactions on unauthorized platforms may lead to legal action under the Foreign Exchange Management Act (FEMA). The list of banned platforms includes names like Alpari, Ava Trade, eToro, and others.

The Reserve Bank of India (RBI) has declared 34 forex trading online platforms as illegal and cautioned the public not to undertake forex transactions on unauthorized platforms. The 'Alert List' includes entities not authorized by the RBI for forex transactions. Residents are advised to only engage in forex transactions with authorized entities and on recognized stock exchanges. Undertaking transactions on unauthorized platforms may lead to legal action under the Foreign Exchange Management Act (FEMA). The list of banned platforms includes names like Alpari, Ava Trade, eToro, and others.

The Reserve Bank of India (RBI) has issued a fresh list of unauthorised forex trading platforms, warning the public about potential scams and legal consequences. Conducting forex transactions on unauthorised platforms can lead to legal trouble under the Foreign Exchange Management Act (FEMA), 1999. The RBI provides an alert list of unauthorised entities, websites, and platforms, urging consumers to avoid engaging in forex transactions with them. The list includes popular names like Alpari, Ava Trade, eToro, Forex.com, and many more. The RBI advises checking the authorisation status of dealers and platforms on their website to ensure compliance and avoid penalties. It is essential to conduct forex transactions only with authorised entities to stay within the legal framework and protect oneself from potential scams and legal actions.

The Reserve Bank of India (RBI) has issued a fresh list of unauthorised forex trading platforms, warning the public about potential scams and legal consequences. Conducting forex transactions on unauthorised platforms can lead to legal trouble under the Foreign Exchange Management Act (FEMA), 1999. The RBI provides an alert list of unauthorised entities, websites, and platforms, urging consumers to avoid engaging in forex transactions with them. The list includes popular names like Alpari, Ava Trade, eToro, Forex.com, and many more. The RBI advises checking the authorisation status of dealers and platforms on their website to ensure compliance and avoid penalties. It is essential to conduct forex transactions only with authorised entities to stay within the legal framework and protect oneself from potential scams and legal actions.

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FXPrimus Review: Is FXPrimus any good?

FXPrimus Broker Overview and General Information

FXPRIMUS was founded in 2019 as a licensed CFD broker, offering trading in a variety of assets including Forex and Cryptocurrency. FXPRIMUS has only recently entered the market in earnest in Thailand, but its low trading costs have made it well-known and popular among retail traders. The broker is properly licensed and regulated by relevant authorities.

Licenses that brokers have obtained

If you ask whether FXPrimus is good or not, you must first consider the license factor. The broker has the following licenses:

Cyprus Securities and Exchange Commission (CySEC) License No. 261/14 under Primus Global Ltd.
Vanuatu Financial Services Commission (VFSC) License No. 14595 under PRIMUS MARKETS INTL LIMITED.

 ⚠️WARNING: Although FXPrimus is licensed by multiple entities, many users are concerned about the VFSC license, which is considered a Tier D license and can be unsure about the regulatory authority under which it operates.

Products and services from brokers

Forex
Equities
Energies
Precious Metals
Indices
Cryptocurrencies
Stocks

Trading platforms and tools

Brokers offer a wide range of trading platforms and tools to meet the needs of investors and traders of all experience levels, including:

MetaTrader4, MetaTrader5, WebTrader, cTrader

Account Types of FXPrimus Broker

The broker offers 4 account types to choose from: PrimusCLASSIC, PrimusPRO, PrimusZERO and PrimusDEMO accounts, with the following details:

PrimusCLASSIC Account

Spread : Start from 1.5 pips
Commission : 0
Leverage : MT4 up to 1:1000 MT5 up to 1:1000
Minimum deposit : $15

PrimusPRO Account

Spread : Start from 0.3 pips
Commission : $8 (MT5) | $10 (MT4)
Leverage : MT4 up to 1:500 MT5 up to 1:1000
Minimum deposit : $500

PrimusZERO Account

Spread : Start from 0 pips
Commission : $5
Leverage : 1:500
Minimum deposit : $1000

PrimusDEMO Account

Spread : Start from 1.5 pips
Commission : ไม่มี
Leverage : 1:1000
Minimum deposit : $0

Pros and Cons of FXPrimus

Pros :

Support MT4 and MT5
Trading analysis tools are available.
There are many types of accounts available.

Cons :

Support does not support Thai language.
High deposit and withdrawal fees
High Commission
There is a Swap fee
High trading fees
High minimum deposit compared to other brokers
Live Chat customer service is available only Monday-Friday.

Office location and contact channels

Office location

Govant Building, BP 1276, Port Vila, Vanuatu.

Contact channels:

[email protected]
Live Chat 24/5

FXPrimus Broker Overview Summary

FXPrimus is considered an interesting broker, but there are some additional considerations: there is no Thai language support and a relatively high minimum deposit, so it may be more suitable for professional traders than beginners.

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FXPrimus Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide which broker suits your needs.