FXPrimus is an online CFD & forex broker with registered offices in Cyprus, Vanuatu, and South Africa. As usual, the Cyprus-registered branch is set up mainly for EU-based traders, and follows regulations from the European Securities and Markets Authority (ESMA), while the other branches are intended for traders from all other countries.

How Does Fx primus Work?

A unique thing about FXPrimus, is that there are indications that the Vanuatu branch also accepts European traders when asked. As such, the high leverage typical of offshore-based brokers would also be available to European traders. In the case of FXPrimus, this leverage goes all the way up to 1:1,000, which is about as high as it gets in the world of forex trading.

Unfortunately, FXPrimus specifically states that it does not accept clients from Belgium, France, Australia, the USA, Japan, and a few other smaller countries.

FXPrimus is a classic STP (straight through processing) broker that does not match trades itself. In other words, all trades are pass directly on to an external liquidity pool without any intervention from the broker’s side.

The assets offered for trading by FXPrimus includes all the usual things such as forex, major stock indices, precious metals, energy commodities, and cryptocurrencies, all in the form of contracts-for-difference (CFDs). Compared to its competitors, the selection of assets is fairly decent, although it’s still far from the best.

Regarding cryptocurrency trading with FXPrimus it’s worth noting that this is only available during weekdays. However, since the underlying crypto market also trades during weekends, large price gaps either up or down should be expected between the Friday close and Monday open. To eliminate this risk, some traders may want to avoid holding crypto CFDs over weekends.

With regards to trading platforms, FXPrimus is one of the brokers that have chosen to rely exclusively on the classic MetaTrader 4 (MT4) platform. Which probably does not need a further introduction here. As many already know, this platform is available in its standard version for Windows computers. In addition to a version for Mac and a web-based version for use on any computer. Trade forex and CFDs with thinkmarkets.

How To Start With Fx primus.

When signing up as a new client with FXPrimus, all users get the choice between the Standard Account, Premium Account, and VIP Account. The minimum deposits for opening these accounts are USD 500, 2,500, and 10,000, respectively. However, the real difference between the three account types is not that significant. With the main thing probably being that VIP Account holders have access to “VIP Trading Signals” via SMS. You can open Accounts in USD, EUR, GBP, SGD, or PLN.

Furthermore, traders will have the choice between standard STP-type trading or ECN (electronic communications network) trading. As usual, ECN trading offers the tightest spread, but it requires traders to pay commissions on all trades. For large traders, this thus offers the best deal, while standard commission-free trading is fine for traders with smaller amounts of capital.

The spreads and commissions obviously depends on whether the trader is using the ECN account option or not. For ECN trading, spreads with FXPrimus are quite tight, starting from 0.7 pips for the popular EUR/USD pair, and with a commission of USD 10 per lot traded. For the commission-free accounts, however, spreads for the same currency pair starts from 1.9 pips, which positions this broker in the mid range compared to its competitors.

All in all, we believe FXPrimus is a fairly good choice for traders looking for high leverage on a variety of underlying assets on the MT4 platform. 1:1,000 leverage is really some of the highest that can be found in the industry these days, and we realize that this may be attractive to some traders. However, it’s important to trade carefully with such high leverage, as even a small mistake can be enough to wipe out an entire trading account.

Is fxprimus legit

FXPrimus is a legitimate forex broker that has established a strong reputation in the industry. The company is regulated and licensed by reputable jurisdictions such as the Cyprus Securities and Exchange Commission (CySEC). This regulatory oversight ensures that FXPrimus operates within strict guidelines, adhering to international financial standards and safeguarding client funds.

The broker offers a wide range of trading instruments, including forex, commodities, indices, and cryptocurrencies. Thereby providing clients with diverse investment opportunities. Additionally, FXPrimus employs advanced security measures to protect client data and transactions. With segregated bank accounts for clients’ funds and negative balance protection, the broker prioritizes the safety of its customers’ investments. Furthermore, FXPrimus provides traders with access to sophisticated trading platforms such as MetaTrader 4 (MT4) and WebTrader. Thereby offering comprehensive charting tools, order execution speed, and a user-friendly interface.

Overall, due to its regulation, secure trading environment, range of products, and cutting-edge technology infrastructure. FXPrimus can be deems  trustworthy forex broker suitable for professional traders.

Fxprimus Mt4 Download and How To Set it up.

To start using fxprimus mt4, you need  to download FXPrimus MT4 from the website. Here are the steps on how to do it:

• Go to the FXPrimus website and click on the “Platforms” tab.
• On the Platforms page, click on the “MT4” tab.
• Click on the “Download MT4” button for the operating system that you are using.
• Once the download is complete, run the installer and follow the on-screen instructions.

How To Set Up FXPrimus MT4 after Download.

Therefore When launching MT4 for the first time, you will need to select a server and enter your FXPrimus account credentials. However, Follow this guide to start Using the MT4 WebTrader.

• Go to the FXPrimus website and click on the “Login” tab.
• Enter your FXPrimus account credentials and click on the “Login” button.
• Once you are logged in, you will see the MT4 WebTrader platform.
• You can start trading immediately without having to download any software.

Features  Of MT4 platform

Fxprimus mt4 download allows you to view quotes for different currencies and other financial instruments.

1. Place buy and sell orders.
2. Use technical analysis tools to chart prices and identify trading opportunities.
3. Set up automated trading strategies.
4. Manage your account balance and open and close positions.

If you are new to forex trading, we recommend that you start by opening a demo account. A demo account allows you to trade with virtual money so that you can get familiar with the platform and practice your trading skills before risking any real money

Is FXPrimus Regulated?

Regulation: FXPrimus is regulated by two reputable financial authorities:
1. The Cyprus Securities and Exchange Commission (CySEC) for clients in the European Economic Area (EEA).
2. The Vanuatu Financial Services Commission (VFSC) for international clients outside the EEA.
Additionally, they are authorized by the Financial Sector Conduct Authority (FSCA) of South Africa. However they have Investor Compensation Fund. FXPrimus clients under CySEC regulation are covers the Investor Compensation Fund (ICF) up to €20,000 in case of the company’s insolvency. They equally offer Segregated client funds. FXPrimus segregates client funds from company funds, ensure they protect client money in case of financial difficulties. See binarycent review and see if you can trust them.

Fxprimus Customer Support

FXPrimus provides 24/5 customer support, ensuring traders have access when financial markets are open. Traders may e-mail, use a web form, or messenger apps Messenger, WhatsApp, WeChat, Zalo, Line, and Telegram.

Regrettably, phone support is unavailable, and a direct line to the finance department where is missing. I recommend the messengers for non-urgent questions. FXPrimus explains its products and services well, but an FAQ section is unavailable. However, this could result in beginner traders engaging with customer support more than usual.

Conclusion

Finally we will conclude our fxprimus review by telling you not to invest. however you should choose alternative brokers like binarycent. Even though the trading environment at FXPrimus is good for high-frequency traders in the Primus Zero account, which offers highly competitive trading conditions. 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 high leverage and low costs. FXPrimus is an execution-only broker focus on the core trading environment. It does not offer value-added services but caters to its core market well, making it a good broker for scalpers. Compare platform with Raceoption.