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FXPrimus Forex Broker Review
Last Updated: October, 2020.
Do you have confidence in your forex broker? FXPRIMUS is one of the few brokers that has created a very high standard for safety, security, operating efficiency, and, lastly, transparency in all matters. Former traders from the retail and hedge fund sectors founded the firm in 1999 with the intention of bringing the power of high frequency processing to both individuals and corporate clients alike. FXPRIMUS boasts a backbone network of data centers located in New York, Amsterdam, Hong Kong, and Singapore, and, when combined with major liquidity providers, the firm’s Straight-Through Processing (STP) is tough to match in the industry. STP at high volumes allows for scalping, hedging, EAs, and other automated trading strategies to flourish, without the threat of slippage or re-quotes, except under exceptional conditions like a Non-Farm Payrolls release. STP also eliminates the need for back-office trading desk conflicts.
From a safety perspective, FXPRIMUS segregates all client deposits from operating funds in offshore accounts with Barclays Bank. There are also numerous national investor protection funds that will kick in for another layer of liquidity in case of capital issues. The firm also has a stellar relationship with regulatory bodies around the globe. Although it is headquartered in Cyprus, it not only has the approval of CySEC, but also has been licensed and approved by nearly a dozen other regulatory agencies across the planet. This all-encompassing presence allows them to process for clients in over 200 countries (The United States is not one of them – check the website for other omissions). Major and minor currency pairs are in abundance, and, if you wish to cross over to other instruments, you may also trade indices, stocks, or commodities via CFDs.
The FXPRIMUS infrastructure dovetails nicely with the MetaTrader4 family of trading platform options, available now in 30 languages. Desktop, web, and mobile services are supported, together with bilingual customer service assistance during market hours, “24X5”. You will also benefit from tight spreads, whether variable or fixed, and high levels of leverage, up to 500:1. The firm’s Premier ECN pricing option can reduce spreads to a few tenths of a pip for most major pairings, for example. Training and support materials abound, with one-on-one assistance, if necessary. You can also benefit from an advanced set of trading tools, such as pattern recognition software, alerts, Sirix social trading, and other automated trading options. Micro-lot trading and Islamic accounts are also available. Security is also top notch, making FXPRIMUS a company that lives up to its motto: “The Safest Place to Trade.”
Why trade with FXPRIMUS? The firm lists these reasons:
- Founded in 1999 by an experienced team of retail and hedge-fund traders;
- Headquartered in Cyprus with CySEC direct regulatory oversight and with licensing authority from a dozen other regulatory agencies;
- Client deposits are safely segregated from operating capital in offshore accounts with a Tier-One bank, with additional protection prov >Visit Broker | Back to top
Spreads and Leverage
Two types of spread pricing are offered: variable and Premier ECN. The latter can produce spreads of less than one pip for major pairings, while the former can yield a 2 to 2.5 pip spread for EUR pairings, for example. Leverage varies by account type and account balance and can range from as low as 1:1 and as high as 500:1, but margin requirements also vary according to the level of leverage selected. STP and major liquidity providers ensure that all prices are executable.
FXPRIMUS decided to go with the very popular MetaTrader4 cadre of trading platform options for desktop, web based, and mobile access. Sirix social trading integrates easily, and console formats may be customized, as well. The benefit of having the firm’s global processing infrastructure combined with MT4 is obvious in speed of execution and reliability. For security purposes, the latest in 128-bit SSL technology encrypts all transaction data and personal information for your peace of mind.
Deposits and Withdrawals
Depositing and withdrawing funds with FXPRIMUS is easy. No matter where you might live, you can transfer money using banking wire transfers, major credit and debit cards, Skrill, and even BitCoin. To make it easier still, a variety of local payment alternatives have been installed for your convenience. Check the website for a list. The firm also offers a prepaid MasterCard option that can make withdrawals happen quickly. It is always good advice your AML documentation up to date to avoid any delays when you do need to make a withdrawal request.
Beginner’s and Customer Support
Customer service assistants can be accessed vie email, live chat, and direct phone line any time during market hours in your jurisdiction. Most calls or contacts are handled in a matter of minutes. The team speaks multiple languages, the website is in eight languages, and the MT4 platform can be read in 30 languages. Support materials exist for every level of trader, including training videos, educational materials, and a variety of signal, alert services, and daily commentary to complement your daily trading needs. One-on-one assistance rounds out the package.
FxPrimus Europe (CY) Ltd, trading under the FXPRIMUS trade name, is regulated by CySEC, licence no. 261/14. Every effort has been made to bring the latest benefits to your trading experience with reliability, smooth and quick execution, and security that are hard to match in this industry. You will not find another broker’s website that has such full disclosure on every topic, another transparency trait that exudes credibility and trustworthiness. The firm has become a leader in the forex industry for many reasons, and it intends to stay there and to set the bar high for its competitors. It may very well be “The Safest Place to Trade.”
Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions.
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Подарки за регистрацию до 2500 у.е.!
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BoJ Policy Speculation Preliminary Discussion in July Meeting, Natural Increase in Long-Term Yields Needed as Inflation Slips Further From 2% Target
While the clock ticks down to BoJ’s July 31st Monetary Policy Statement, where officials could be expected to debate policy changes to sustain, not tighten, their stimulus program, 10-Yr JGB continue rising.
ECB Reiterates QE Termination by 2020 End, but Rates Likely to Remain Unchanged at Least Until Summer 2020
Euro recorded its largest weekly loss in 19 months after June 14 ECB news conference and, although EU President Mario Draghi reiterated an end of QE in December, he added that interest rates will be changed depending on what is the state of the convergence process and as long as “inflation remains aligned with ECB’s current expectations of a sustained adjustment path”.
June Headline CPI Needs Good Numbers to Recover from Negative NFP
The Bureau of Labour Statistic’s Nonfarm Payroll report was published last week, just a few days after the US Independence Day and a rather noiseless week on the economic calendar.
June NFP – Q3 Dollar Rally Suggests More than just a Good Employment Report
According to the Bureau of Labor Statistics, Nonfarm Payroll employment increased in May, reaching 223K, while Average Hourly Earnings rose to 0.3% (0.1% higher than expectations), and Unemployment Rate declined to an 18-year low at 3.8%.
Unexpected strong earnings on Apple Stocks
European & Asian shares rose on Wednesday, helped by unexpected strong earnings updates especially from the technology sector where Apple exceeded weak expectations.
April NFP – It’s Not Just About the Headline Number
March employment report released on April 6 provided markets with a downward surprise, a surprise that missed expectations by 85K, while the unemployment forecast also disappointed as economists had forecasted a 4.0% figure.
Crude Oil Hits 3-Year High Breakout Will Have Traders Acting Soon!
Crude Oil prices surged to a high of $67.60 per barrel last week amid rising geopolitical risk, the highest level since 2020. Oil’s breakout for a third consecutive day could either take price to a new ranging territory, making the breakout quite significant or retreat back below within the former trading range.
Market Alert: Is the Hong Kong’s dollar peg against the US dollar at risk?
Over the past few days we have noticed that the Hong Kong Dollar has fallen to the weaker end of its permitted band, trading at 7.85 on three separate occasions!
March NFP – Can the NFP “Frenzy” Last Any Longer?
Total Employment increased by 313K in February while Unemployment held firm at 4.1% for the fifth running month. Economists had expected a pick to 205K, a tad higher than January’s 200K, but to everyone’s surprise the NFP reinforced a positive momentum for the US economy, yet, action in the currency markets was not impressive as wage growth grew with a slower pace.
FEBRUARY NFP – Trade Wars Ahead Add Pressure to DOLLAR, Employment Report Weighty
Last month BLS reported a 200K change in the number of employed people, picking up from December’s 160K (revised from 148K) and printing a higher figure than economists’ expectations as the US economy accelerates.
January NFP – Fresh start to 2020 needed
The gains for December’s payrolls came out less than the median anticipated projection of 190K and also below the 2020 total payrolls yet above 2 million and the yearly expectations.
Currency Outlook 2020 (YTD)
The US DOLLAR struggled to perform on the offensive for most of 2020 amid growing political, geo-political and environmental related risks, moving nearly 6.20% lower year-to-date (YTD).
Central Banks to Set the Tone for 2020
With little to support the economic calendar, today markets are concentrated on a number of Central Bank meetings following this week, meetings likely to set the stage for 2020.
RBA & RBNZ Rate Hike Likely To Impact The Housing Market
Based on economic and monetary analyses RBNZ decided to leave rates unchanged at 1.75% in line with the Policy Targets Agreement.
A view on NFP report
Based on the the payroll headline figures for the month of September a somewhat different reaction was seen in the markets instead of a broadly weaker US Dollar.
A view on October’s interest rates
The Bank of Canada raised its interest rates by 25bp back in September 6th following a 25bp rate hike in July 12. The rate hike took Loonie 82 cents higher versus the Dollar while economists were expecting another raise in the upcoming October 25th economic event, rather than as early as July.
Japan’s Abe Poised for a Big Victory According to Forecast
Prime Minister Shinzo Abe announced a snap election back in September 25th, taking full advantage of a weak and disorganised opposition, while his approval ratings climbed higher, near 44%, on his hard stance against North Korea.
While polls show Angela Merkel’s Christian Democratic Union (CDU) party heading the German Election with a 16% lead over follower Martin Schulz’s Social Democrat (SPD) party amid a televised debate the latter “failed” .
Cryptocurrencies ins >The world of Cryptocurrencies has seen a massive interest over the past few years. The birth of Bitcoin in November 2008 was the spark of peer-to-peer electronic cash system, or simply put, digital cash.
August NFP Special Report
A more important than usual report came out on the 4th of August as doubts over a rate hike increased following a slowdown in inflation. Along with the Fed’s approach to reducing the $4.5 trillion balance sheet, July’s job figures did matter the most to the central bank and investors.
EURJPY Fresh Highs — The Rally That May Not Last Much Longer
Euro – Yenb> hit a fresh 17-Month high at 130.516 due to the latest sell-off in the Euro Bond market while BoJ is expected to hold its soft monetary policy unchanged as the introduction of Yield-Curve control in 2020 is far from improving inflation.
What to expect from this months NFP?
A clearly “soft” report May’s NFP as consensus expectations was for a 185K increase in employment change, the actual data saw a fall to 138K, and the unemployment rate was little changed to 4.3%; both multiyear records.
Crude Oil Price — The short
Oil has been in the spotlight over the past few weeks, not to say since the beginning of 2020, where the black gold struck a staggering $55.72 per barrel.
What is the so called FOMC and what is its role?
The FOMC is the monetary policymaking body of the Federal Reserve System. The committee’s primary responsibility is to undertake action to influence the supply and cost of money.
London’s War On Terror Sends Markets Plummeting
Police in London have reinforced security across the River Thames following the 3rd ISIS attack in just 3 months. 7 have been pronounced dead and 21 critically injured.
WHAT ‘S SPECIAL ABOUT THIS MONTH’S NFP ?
April’s NFP consensus expectation was for a 194.000 increase in employment change. EUSUSD reacted in a positive manner, giving the opportunity.
TIMES OF …TRUMPLE
F.B.I Director James Comey firing last week will stay in history. President Donald Trump described the sacking took place over Comey’s handling of the investigation of the “Hillary Clinton Email Scandal”.
Macron wins French Pres >Emmanuel Macron has won the 2020 Elections and will be inaugurated as the youngest ever President of France, beating right-wing and anti-EU Marine Le Pen by a large margin.
French Elections: The Vote That Could Devastate The EURO
On 23 April 2020, the French electorate will vote for a new President. Whilst market pundits are split on who is likely to take the Presidential title, all agree that the vote outcome may mean bad news for the European Union and for the Euro.
Politics, not economics, weighing on EUR
The Eurozone’s economics would seem to suggest a stronger currency, but instead the continent’s political problems are weighing the single currency down.
- MT4 for Windows & Mac including on iPhone, iPad, Android, & WebTrader
- Faster & Reliable Execution with VPS Service
- FXPRIMUS Platinum API with advanced FIX protocol
This website is operated by Primus Global Ltd, a member Company of the FXPRIMUS Group.
FXPRIMUS is the brand name used by:
Primus Global Ltd, regulated by CySEC, with licence no. 261/14.
Primus Markets INTL Limited, regulated by VFSC, with registration no. 14595.
Primus Africa (Pty) Ltd, regulated by FSCA, with licence no. 46675.
All card transactions are processed by Primus Global Ltd.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64.54% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Read our full risk disclosure.
This information is not directed or intended for distribution to or use by residents of certain countries/jurisdictions including, but not limited to, Australia, Belgium, Canada, France, Iran, Japan, North Korea, Singapore and USA. The Company does not offer its services to residents of certain countries/jurisdictions including, but not limited to, Australia, Belgium, Canada, France, Iran, Japan, North Korea, Singapore and USA. The Company holds the right to alter the above lists of countries at its own discretion.
©2020 FXPRIMUS. All Rights Reserved.
Pengunjung Yang Terhormat,
Anda sedang dialihkan ke Primus Markets INTL Limited (“Primus Markets”).
Primus Markets diberikan lisensi sebagai Dealer Utama dengan cakupan penuh untuk Surat Berharga di Vanuatu di bawah naungan grup FXPRIMUS, dan para kliennya akan menikmati produk-produk tertentu yang ditawarkan secara strategis dalam lingkungannya yang teregulasi. Produk tersebut termasuk:
Untuk segala pertanyaan harap hubungi kami melalui email di [email protected]
FXPrimus is a forex trading services broker. They give traders access to the major markets like currencies, indices, commodities and shares.
- Limited range of instruments
- Not FCA Regulated (See alternatives)
To open a live account, you’ll need a minimum deposit of at least €100. Alternatively, FXPrimus offers a demo account that you can use to practice and familiarise yourself with their platform.
Regulated by CySEC (Licence: 261/14). FXPrimus puts all client funds in a segregated bank account and uses tier-1 banks for this. FXPrimus has been established since 2009, and have a head office in Cyprus.
Before we dive into some of the more detailed aspects of FXPrimus’s spreads, fees, platforms and trading features, you may want to open FXPrimus’s website in a new tab by clicking the button below in order to see the latest information directly from FXPrimus.
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
71% of retail investor accounts lose money when trading CFDs with this provider
What are FXPrimus’s spreads & fees?
Like most brokers, FXPrimus takes a fee from the spread, which is the difference between the buy and sell price of an instrument.
The commisions and spreads displayed below are based on the minimum spreads listed on FXPrimus’s website. The colour bars show how competitive FXPrimus’s spreads are in comparison to other popular brokers featured on BrokerNotes.
|EUR/USD (Average: 0.7 pips)||0.5 pips + $20.00||0.7 pips||0.1 pips|
|GBP/USD (Average: 1.1 pips)||1.0 pips + $20.00||1.7 pips||0.1 pips|
|USD/JPY (Average: 1.1 pips)||0.6 pips + $20.00||0.6 pips||0.1 pips|
|AUD/USD (Average: 0.8 pips)||1.1 pips + $20.00||0.6 pips||0.2 pips|
|USD/CHF (Average: 2.3 pips)||1.1 pips + $20.00||2.3 pips||0.2 pips|
|USD/CAD (Average: 2.9 pips)||1.1 pips + $20.00||0.5 pips||0.3 pips|
|NZD/USD (Average: 3.6 pips)||1.3 pips + $20.00||2.8 pips||0.3 pips|
|EUR/GBP (Average: 2.4 pips)||1.3 pips + $20.00||0.5 pips||0.1 pips|
Spreads are dynamic and are for informational purposes only.
As you can see, FXPrimus’s minimum spread for trading EUR/USD is 0.5 pips — which is relatively low compared to average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with FXPrimus vs. similar brokers.
How much does FXPrimus charge to trade 1 lot of EUR/USD?
If you were to buy one standard lot of EUR/USD (100k units) with FXPrimus at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $13.5. Here’s a rough breakdown of the fees and how this compares against XTB & AvaTrade .
|Spread from :||$ 5.00||$ 2.00||$ 7.00|
|Total cost of a 100k trade:||$ 5.00||$ 2.00||$ 7.00|
|$3 less||$2 more|
|Visit FXPrimus||Visit XTB||Visit AvaTrade|
All fees/prices are for informational purposes and are subject to change.
What can you trade with FXPrimus?
FXPrimus offers over 125 different instruments to trade, including over 43 currency pairs. We’ve summarised all of the different types of instruments offered by FXPrimus below, along with the instruments offered by XTB and AvaTrade for comparison.
|FX / Currencies||FXPrimus||XTB||AvaTrade|
|# of forex pairs offered||43||48||59|
|Major forex pairs||Yes||Yes||Yes|
|Minor forex pairs||Yes||Yes||Yes|
|Exotic forex pairs||Yes||Yes||Yes|
|# of commodities offered||21||16|
|Index & Stock CFDs||FXPrimus||XTB||AvaTrade|
|# of stocks offered||60||1606||99|
|See FXPrimus’s Instruments||See XTB’s Instruments||See AvaTrade’s Instruments|
What’s the FXPrimus trading experience like?
1) Platforms and apps
FXPrimus offers the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers. The combination of downloadable platforms for both Mac and Windows allows traders to trade with their device of choice.
FXPrimus also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.
Still not sure?
2) Executing Trades
FXPrimus allows you to execute a minimum trade of 0.01 Lot. This may vary depending on the account you open. FXPrimus allows you to execute a maximum trade of 80 lot. As FXPrimus offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you’re paying to execute your trades.
As a market maker, FXPrimus may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.
As a nice bonus, FXPrimus are one of very few brokers that claim to have no requotes, so you don’t have to worry about slippage (your trades being ordered at a different price to what you executed them at).
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.
Finally, we’ve listed some of the popular funding methods that FXPrimus offers its traders below.
- Allows scalping
- Allows hedging
- Offers STP
- Low min deposit
- Demo account
- Micro account
- Mini account
- Standard account
- ECN account
- Managed account
- Islamic account
- Credit cards
- Bank Transfer
3) Client support
FXPrimus support a wide range of languages including English, Spanish, Indonesian, Chinese, Thai, Vietnamese, Hungarian, and Malaysian.
FXPrimus has a BrokerNotes triple AAA support rating because they offer a wide range of languages and support options.
4) What you’ll need to open an account with FXPrimus
As FXPrimus is regulated by CySEC, MiFID , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:
- A scanned colour copy of your passport, driving license or national ID
- A utility bill or bank statement from the past three months showing your address
You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.
While you might be able to explore FXPrimus’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.
To start the process of opening an account with FXPrimus you can visit their website here.
- Written by Marcus Taylor
- Founder & CEO
Marcus founded BrokerNotes in 2020 after trying hard to find a broker for himself to trade and struggling to compare brokers like-for-like. You can find more about BrokerNotes & Marcus here.
CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from http://www.fxprimus.com/ on 01/01/2020.
FXPrimus not quite right?
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Быстрое открытие счета + 1000$ в подарок!
Подарки за регистрацию до 2500 у.е.!