FXPrimus Broker Review
Foundation Year : 2009
FXPrimus Broker Review – The Safest Place To Trade: FXPrimus is a remarkably secure online trading environment available anywhere in the foreign currency industry. Their extraneous efforts in security have positioned them as the front runner in conscientious trading. They are now setting new norms in safety amongst their counterparts in the industry.
Overview on FXPrimus Broker: They offer clients all background levels’ chance to be successful in the trading of foreign currencies, commodities, energies and indices. Their integrated approach lengthens beyond the necessary arrangement of a trading platform. The brokerage firm provides lucrative traders with excellent possible academic, technical and practical backing throughout their trading journey.
The Cyprus Securities and Exchange Commission (CySEC), the Markets in Financial Instruments Derivatives (MiFID) and the European Central Bank (ECB) regulates the broker.
FXPrimus Broker Trading Conditions
Brokers have always concentrated primarily on the foreign currency markets. It means that it has erected prestige in the space over the years. The broker adjusted its offering as time goes on, depending on the changing demand and inclinations of its clients.
There are four significant pairs, twenty-one cross pairs, three minor pairs and a dozen different exotic pairs. It is a considerable selection, with all contracts being spot contracts.
The minimum trading size for its foreign currency offering is 0.01. The trading hours for the financial markets are all day and night from Monday to Friday. For the major currency pairs, one can get leverage of up to 1:30. For the minor currency pairs, the leverage of 1:20 set for the clients. In terms of the spread, it fluctuates instinctively from pair to pair, but it is overall a decent fee structure.
One also can trade certain types of derivatives at FXPrimus broker. It can be done by using the same account, which is optimal. In total, there are three precious metals, three oil and eight different indices derivatives for one to trade.
Fxprimus Account Types
There are several distinct types of accounts one can select from with FXPrimus. It allows one to go with the option that will be ideally suited for their specific style of trading.
For the Standard account, one will have to deposit at least £1,000. After that, one will then be looking at variable spreads. The Premium account type has a minimum required deposit of £2,500. The VIP account option, it requires one to deposit at least £10,000.
All of the accounts will offer a daily outlook on the market.,Besides, there is one to one consultation when the user sets up the account. It will allow them to get alerts by sms.
For traders with VIP or Premium accounts, there is a coaching exercise in place.
There is also the choice to set up a demo account. It allows newcomers to grasp the ins and outs of trading. More progressive traders are also able to test out new methods without having to put any money on the line.
The traders who wish to explore the services of FXPRIMUS have the option to open a demo account. This account will allow them to clearly understand and evaluate the effectiveness of trading with FXPRIMUS brokers.
Leverage On Account
The FXPRIMUS trading account provides a leverage of 500:1. The traders have an option to adjust leverage on their new and existing accounts. There is only one condition that there should be no open trades. The Leverage can be set at 50:1, 100:1, 200:1, 300:1, 400:1 or at 500:1 respectively.
Spreads Offered On The Account
The lowest spread that one can come across on the broker platform is 0.4 pips. The highest spread offered by the brokerage services is around one pip.
Fxprimus Trading Platform
One can use the leading MetaTrader 4 platform when trading with the broker. It is an option for the majority of brokers in the space.
Traders have access to a vast assortment of tools for analyzing and conducting trades. iOS and Android apps are also there that one can use for trading. It is also ideal if they want to have the ability to place trades on the go.
One can also download the MetaTrader 4 client for their desktop if one wishes. One can use it through their desktop’s web browser. For those FXPRIMUS dealers that have in any event £500 in their account, they can utilise the VPS platform for nothing.
It allows traders to connect to a remote computer that is close to the MetaTrader 4, increasing the speed of the trade. For traders who deposit at least £50,000, there is also a Platinum API option.
Deposit Methods Offered By The Broker
The investors can deposit fund in their account using the following deposit methods that are:
- Bank wire transfer
- Visa credit and debit card
- Mastercard credit and debit card
- Skrill wallet
- Neteller wallet
Withdrawal Methods Offered By The Broker
The broker will transfer funds in the original method used for depositing funds in the trading account. There are no charges one withdrawal from the side of the broker, but the bank may charge some fees. The minimum amount for withdrawal is USD 100.
Withdrawal Processing Time Taken By FXPrimus
Except for bank transfers that take 2-5 working days to get processed, all other withdrawals methods have 24 hour time.
Bonus and Promotions
100% Bonus on all Deposits
The FXPRIMUS brokerage services are offering a 100% bonus up to 10000 Usd to all clients who make deposits. The clients will also receive an additional cashback of USD 4 for every traded lot under this bonus. The broker will give the bonus as per the amount of deposit.
Under this scheme, the company is offering 5% cashback on the clients starting equity every month. The cashback bonus is for all clients who have equity of more than USD 100 in their accounts. For more details on this bonus, one can visit their website for information.
The FXPRIMUS company offers its clients informative, educational resources. These resources are easy to understand. The company provides educational resources in the form of videos, articles and seminars. The clients also have access to weekly market analysis, which will help them in keeping track of market trends.
FXPRIMUS Customer Service
FXPRIMUS customers can reach the support team through live chat, online forms, postal addresses and telephones. The live chat is the quickest way to contact customer service, as it takes a few minutes to get connected. The customer support team at FXPRIMUS is very courteous, and they are very helpful in solving customer queries.
FXPrimus Broker is a well-entrenched broker, offering a decent and trustworthy service. Their mission is to provide the safest available online trading environment. They continuously innovate in the domain of security to provide their clients with advanced safety mechanisms for secure trading. They use advanced hack prevention software to safeguard clients from cyberattacks. The broker has a lot to offer in terms of financial trading.
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