FXPRIMUS Review 2023

FXPRIMUS is a well-known forex broker based in Cyprus. The company has been serving the retail trading industry for over a decade. Having been regulated in two jurisdictions, the firm provides reliable trading conditions and offers an average pricing structure. The broker’s prominent features include extensive product listings and flexible account types. However, the limited research and educational resources and the lack of a proprietary trading platform at clients’ disposal make it struggle to compete with the top-of-the-line retail and CFD brokerage firms. This piece will review the broker in detail.

Regulation and Security

FXPRIMUS holds regulations in two jurisdictions, including Cyprus and Vanuatu. The respective entity’s names, concerned regulators, and registration numbers are enlisted below.


Primus Global Limited | HE 337614 | Licence No. 261/14

Regulation: Cyprus Securities and Exchange Commission (CySEC)


Primus Markets INTL Limited | Registration No. 14595

Regulation: Vanuatu Financial Services Commission (VFSC)

FXPRIMUS complies with all legal standards and is subject to rigorous internal and external audits. Further, €5 million worth of professional indemnity insurance is also available as an extra safety measure.

Moreover, the company employs state-of-the-art technology such as Secure Socket Layer (SSL) web protocols and two-step authentication.

Negative Balance Protection

FXPRIMUS also offers negative balance protection (NBP), ensuring clients never experience a loss exceeding their available balance.

Funds Segregation

The company keeps clients’ money in separate bank accounts to give them real-time access to their funds. In other words, the broker doesn’t use investors’ funds for investment purposes or personal use. If you want to know more about their client fund protection details, click here.

Is FXPRIMUS available worldwide?

FXPRIMUS operates through its regional offices worldwide. The company accepts clients from almost all parts of the world, excluding but not limited to Australia, Belgium, Iran, Japan, North Korea and the USA.

Supported Platforms

FXPRIMUS doesn’t offer a proprietary trading platform. However, clients can access third-party industry-standard platforms like MT4/MT5 and cTrader. Notably, clients must access all the supported platforms via desktop or mobile phones since the web terminal isn’t available for any of them.

Desktop Trading: After having your preferred trading platform downloaded on your PC, you can use the login credentials shared via email to log in. While both MT4/MT5 trading platforms come with multiple charting tools and technical indicators, clients typically prefer using the MT4 due to being more familiar with it. The MT4 offers nine-time frames to view the price performance of tradable instruments; the MT5 supports 21-time frames.

On the other hand, cTrader comes with 26-time frames and advanced risk management tools. Investors can also access tailor-made add-ons and features developed by specialists or featured at the MQL portal for either trading platform. While trade automation is possible with Expert Advisors in MT4 and MT5, clients using cTrader may access the C-Bots for the same purpose.

Mobile trading:

Clients can download the respective version of the supported platforms for their android or iOS-based mobile phones from the Google Play Store or App Store. While all three platforms offer almost the same features accessible via desktop terminals, each has built-in copy trading capabilities and is compatible with algorithmic trading. FXPRIMUS ensures that the requisite infrastructure is in place to enable all strategies, even if traders use proprietary tools.


Account Types

FXPRIMUS offers flexible account types well suited for individual trading skills and exposure. Let’s quickly go through each of the account types available.

PrimusCENT: The account mainly targets newbies looking to trade micro lots. While the broker doesn’t charge any commission, only one base currency, for ex. USD, is supported in the PrimusCENT account. Besides being accessible via MT4 only, it doesn’t support social trading either.

PrimusCLASSIC: Those skilled in forex and CFDs can signup for this account. While all other features and services are almost identical to the Cent account, it is also accessible via MT5 and cTrader. Moreover, clients can fund their accounts in USD, GBP, EUR, PLN, & SGD.

PrimusPRO: The broker welcomes professional clients in this account. Besides having higher deposit requirements, it also requires clients to pay commission on trades. The account is neither accessible via cTrader nor does it support copy trading.

PrimusZero: The broker facilitates VIP clients in this account. Although the company charges a $5 commission, the spread starts from as low as 0.0 pips. All other services remain unchanged.

Although the broker doesn’t offer an Islamic account as a standalone product, clients can still avail of swap-free trading conditions in three account types: Cent, Classic and Pro.

Demo accounts are also available to practice trading strategies without committing actual funds. Click here to start trading with a demo account.

Signing Up

FXPRIMUS’ account opening process is quick and straightforward. It only takes a couple of minutes to complete registration with the broker. However, the company needs you to verify your account before you can start trading. Here is a step-by-step guide on how to open an account with FXPRIMUS.

1. Visit the company’s official page and access the registration form using the “Trade Now” button.

2. Enter your details on the signup page, such as name, email id, address, etc.

3. Select your preferred account type, platform, leverage level, and account’s base currency.

4. Provide financial details, including your employment status, net worth, estimated annual income, the purpose of trading and source of funds.

5. Complete the KYC process and submit the required identity and address verification documents. For instance, a copy of a National ID card/Driving License/Passport, a bank statement, or a utility bill.


Once your account is verified, you can add funds and start placing trades.

Trading Dashboard

FXPRIMUS seems to have paid particular attention to the needs of all stakeholders while designing the trading dashboard. It looks simple and easy to navigate. The left pane allows you to explore various options featured under multiple categories, including profile, trading accounts, deposits, platforms, and support. While the profile tab allows you to edit/modify your account settings, the trading accounts tab makes you switch between real and demo versions. The deposits tab reveals available payment methods, and the supported platforms are accessible via the trading platforms tab. On the right side, a pop-up navigator allows you to perform the same functions discussed. A shortcut button for account funding is also present in the top right corner of the trading dashboard.

Deposit and Withdrawals

FXPRIMUS provides access to multiple payment methods, including Debit cards, Credit cards, Skrill, Neteller, Fasapay, Wire transfers, etc.

The minimum deposit to fund a trading account is $15 or equivalent. However, clients signing up for the zero spread account needs to deposit $1000 at least. The broker accepts funds in six currencies: USD, GBP, PLN, EUR, SGD, and HUF.

FXPRIMUS does not accept third-party deposits. Only your name, as it appears on your trading account, may be used to make payments.

While there is no deposit fee, the broker doesn’t charge for withdrawals either. The company stipulates a minimum withdrawal threshold of $100. Withdrawals are processed via the same methods clients use to deposit funds.

The average processing time for card payments and e-wallets funds transfers is 5 minutes. However, local and bank transfers can take up to 1-5 business days to reflect in your account. In rare cases, brokers can defraud users by their sketchy withdrawal policies. You can clarify their withdrawal terms if you have any additional questions before initiating a trade.


FXPRIMUS claims to offer a wide range of tradeable instruments across multiple financial markets, including forex, metals, energies, stocks, indices, and futures. However, the broker doesn’t list supported tradable assets for each category on its website. Clients need to refer to the trading platform for live data. The company doesn’t support crypto trading either.

Commissions and Fees

FXPRIMUS pricing structure seems comparable to average industry standards. However, it charges a relatively higher commission than most other brokers, though the non-trading cost is low. FXPRIMUS offers two commission-based options: One comes with a commission of $5.00 per lot, while the other costs you $8.00 on every lot traded. Clients also need to pay swap charges for holding positions overnight. The broker neither charges any fee on deposits and withdrawals nor employs an account inactivity fee.



Spread is the difference between a tradable asset’s ask and bid prices. The company employs variable spreads starting at 0.0 pips. The broker’s average spread on major currency pairs like EURUSD stays around 1.5 pips.

Available Leverage

Leverage trading also refers to trading on margin. It involves borrowing funds from a broker to enhance market exposure and control large positions with fractional investments. For instance, 1:30 leverage means you can open a position as big as thirty times your investment. The maximum leverage available at FXPRIMUS is up to 1:1000. However, clients residing in countries with strict regulatory frameworks can access the maximum leverage of up to 1:30.

Remember, leverage trading carries increased risk exposure. While maximizing your profit-making potential, it also magnifies the risk of loss.

Analysis and Education

FXPRIMUS’ research and educational resources lag well behind the industry standards. There is nothing much to mention in the research section except for the few calculators helpful in pips and margin calculation and the economic calendar to track major upcoming economic events.

The same applies to the broker’s educational library. Besides providing access to a slew of written articles and one dozen video tutorials, the company seems to be missing a lot in educating clients. While the written content is focused on fundamental perspectives, the broker should also have added technical analysis to its educational database. A glossary section could have been a superb addition to help newbies become familiar with different trading terminologies.

Though the company claims education to be one of the foundations of FXPRIMUS’ business model, it falls short of the standards required to support its claim.

Customer Service

While good customer services are critical to a company’s success, the broker seems well aware of it. Clients can reach the company round the clock. A multilingual customer support team stay on its toes to assist investors through different communication channels, such as email and live chat. The average time it takes to connect with a customer support agent on the live chat window is less than a minute, while the company responds to your email queries on the same day most of the time. However, telephonic support isn’t available. The company also has a representation on multiple social networking platforms, including Facebook, Instagram, Twitter, LinkedIn, and Youtube.

Contact details:

Website: www.FXPRIMUS.com

Email: support@FXPRIMUS.com

Reputation amongst Traders

FXPRIMUS holds a good reputation among traders. Most clients seem to be fully satisfied with the level of services offered at FXPRIMUS. The broker is rated 3.5 out of 5 stars after 99 reviews. While 78% of clients have cast their vote in favour of the company applauding it for seamless trading conditions, about 17% of customers accuse the company of delayed withdrawals, limited trading platforms, and pricey spreads.


FXPRIMUS has won several awards over the years for its services in the industry.

  • Best Partner Program S Africa and SE Asia 2021 Awards by International Investor Magazine
  • Best Partner Program SE Asia 2021 Awards by Finance Derivative Magazine
  • Best Forex Introducing Broker Program In Africa 2020 Awards by Global Forex
  • Most Trusted Broker S Africa and SE Asia 2020 Awards by International Investor Magazine
  • Best Asian Forex Support 2019 Awards by International Investor Magazine

Can beginners trade with FXPRIMUS?

Since the broker accepts a minimum deposit of $15, it is pretty much in range for everyone to come on board, especially for the newbies looking to start low. While the company offers flexible account types to facilitate both novice and skilled professionals, the limited educational resources are less likely to help beginners enhance their market knowledge. However, the demo account can help starters practice their trading skills without fear of loss and increase their confidence to go live.

Summing Up

FXPRIMUS is a reliable forex broker since a robust regulatory system backs it. But the company’s pricing structure doesn’t appear very competitive. The broker has a hard time competing with the best brokers in the industry due to its poor research and educational facilities. In addition, the broker’s restricted product portfolio and lack of a dedicated trading platform seem to be potential deal breakers for serious investors.