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Ripoff Report > Fxprimus Review

14.05.2021Brokers

Fx Primus Reviews

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Finding out whether a particular broker is licensed is relatively easy, as most of them mention it in their company website. But to save you some time, we will always mention this vital information in our broker reviews. We review all brokers to astrict and unique methodology, to ensure that we only promote high quality brands that you can trust. This methodology considers over 200 criteria points, covering the categories of safety, fees, platforms, products, payments and customer support. We update this methodology and our recommended reviews yearly, so that you’re only given up to date information.

We built BrokerNotes to provide traders with the information needed to make choosing a suitable broker easier and faster. I understand that my country of residence is among those where Primus Markets INTL Limited does not solicit clients interested in its services, in any case whatsoever. I wish to inform that I have proceeded as an unsolicited client and opened an account with Primus Markets INTL Limited. Some of the links on this websites articles and comparison tables are affiliate links, which means we receive a commission should open an active account.

Accounts

The inactivity fee also differs from 1 broker to another and isn’t generalized. If a traders account doesn’t have a purchasing or selling transaction, it is claimed by the broker as an inactivity fee. The traders need to pay this fee under conditions and terms that they had consented while registering. FX Primus charges a withdrawal fee when you make a bank transfer. Each time you move money into your bank accounts, these withdrawal charges become important. But, non-trading fees charged by FX Primus are comparatively higher. As a result, you are charged more for non-trading activities in your trading accounts, such as withdrawal and deposits.

You can make use of an option for 2 Factor Authentications with FX Primus for increased safety. An SMS for the verification code will be sent to your mobile phone. You will be required to enter this code to log into your account. If you feel that FX Primus is not right for you then at the bottom of this FX Primus review you wil find a lot of alternatives to FX Primus. After launching in 2009, their client base has become as big as 10,000+ clients.

Trading Fees

To excel in trading, one has to be good at charting and analysis goes hand in hand. Keeping in mind the importance of charting and analysis FXPRIMUS has launched the system of educating its users through the variety of tools offered by its platform.

I contacted their live chat but the employee just wasted an hour of my time without answering anything at all. Just telling me I need to contact customer service by email and they will deal with it within an hour. The only thing I recieved this far is a single email asking me for my account.

Fxprimus Minimum Deposit

They promised to give 90% accuracy signal for basic service ,but they failed to do that.Totally, a cheating firm. Thank you for your feedback, we have taken it into consideration to better enhance our members area experience. No words, Its just a scam waiting to take people’s money if they make a profit exceeding some limit. If you would like further details, please send an email to and include “FPA Review” and your FXPRIMUS ID in the subject line. To protect your privacy, we cannot divulge the details of your unique case, however, any kind of market abuse is prohibited. This is covered in our Terms & Conditions and not unique to FXPRIMUS. The broker has been threatening me that if kept any comment against them they will file legal case of me.

Meanwhile, Primus Africa Ltd is regulated by the South African Financial Sector Conduct Authority or FSCA. Unfortunately FXPrimus is not regulated and authorised to accept customers from USA, Canada, Australia, France, Belgium and Japan. – Primus Markets INTL Limited, regulated by VFSC, with registration no. 14595.

How Do I Withdraw From Fxprimus?

The combination of downloadable platforms for both Mac and Windows allows traders to trade with their device of choice. Then I pushed and pushed up to end of June i had profits of over $4500. I requsted a withdrawal and I was asked to withdraw $140 to my card first I did and this transaction and took upto end of July to see that money in my account.

For the same example, the EUR/USD, the standard lot commission for 1 lot is 10 USD (5.00 USD per side, per lot), or the equivalent on the trader’s account currency. We consider this commission cost to be higher when compared with other brokers. In addition, FXPRIMUS provides swap-free accounts, which are Sharia-compliant , as well as percentage allocation money management services. The FXPrimus PAMM accounts are fully automated both for the skilled traders and investors. 70% of retail investor accounts lose money when trading CFDs with this provider.

What You Will Need To Open An Account With Fxprimus

The demo account is no more a blessing for the new traders as they get real-time experience to do the live trading. FXPRIMUS also offers a demo trading account to its users by following the same steps we have mentioned above. It provides $ 50,000 to users for trading to get experience trading in a much better way. FX Primus offers a wide range of deposit methods with zero fees. FX Primus aim to allow traders around the globe to fund their account with trust, safety and confidence. Deposit methods include bank transfer, local wire transfer, credit cards and e-wallets such as Skrill, Neteller, bitpay and more. Deposit size starts from just $100 minimum and transactions can be processed in as quickly as just 5 minutes.

Besides full compliance with financial regulators in Cyprus, Vanuatu, and South Africa, this broker features third-party monitoring of client withdrawals, which is carried out by Boudica Client Trust. Professional indemnity insurance of €2.5million is also in place, confirming the commitment to the safety of clients funds, which remain fully segregated. Three account types, Standard, Premium, and VIP, are offered. They are nearly identical, per the information on the website, but the latter two feature mostly unwanted add-ons and intrusive phone calls. The structure of the account types is counter-intuitive, denying services to new traders that they will likely require and offering them instead to advanced traders who do not need them.

You will get all the benefits that are available with a standard account and also get additional training for 60 minutes. You will also get live market updates through phone notifications. Online trading platforms are innumerable and FXPrimus review is nothing like the rest.

Dont be scared off by brokers like FXPrimus charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms. Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company. Brokers may charge clients various trading fees that you need to be aware of as they may affect your bottom line.

Our Find On Forex Fees

These orders can be filled up in-hours, meaning that there is no spread charged. For the ECN premier spreads, these can drop as low as 0.01 for EUR/USD, with only a $10 commission per lot. Generally, you will be looking at margin requirements of 5% and a minimal trading size of 0.01 lots for the indices CFDs.

The customer support is provided in multiple languages and is always very quick to respond with helpful and informative responses. Additionally, customers can view the websites extensive FAQ page and comprehensive education center complete with educational videos, a glossary, economic calendar, articles, and more. I would like to subscribe to the TopRatedForexBrokers newsletter and hereby give my consent to receive exclusive bonus offers and regular updates via email. You have the right to withdraw your consent at any time by simply by ticking the ‘unsubscribe box’ which will be provided in all emails you will receive from us, or by sending an email to . We at Topratedforexbrokers.com are committed to your privacy and protection of your personal data. We will only process your personal data in accordance with applicable data protection legislation. For more information on how we treat your personal data, please review our Privacy Policy.

It’s regulated by the Cyprus Securities and Exchange Commission (CySEC, No. 261/14), which guarantees the highest reliability and security of trading. Its activities are also authorized and licensed by the Ministry of Finance and Economic Management of the Republic of Vanuatu, the Vanuatu Financial Services Commission (VFSC, No. 14595). Traders can use a free VPS , which works effectively and around the clock, accelerating trading and ensuring the exact execution of transactions. Among the company’s advantages we should mention high-quality multilingual support, free access to advanced training resources, permanent promotions and bonuses.

However, to use this service, you need to have at least $500 on your account and trade at least 5 lots during 30 days of activating your account. Variable account holders also benefit from commission-free trades. FXPRIMUS focuses its efforts to provide the highest possible quality of online trading. The broker puts time and effort in safety, technological innovations and access to educational material for the clients. We’re never surprised to learn that a broker has chosen to stick with MetaTrader 4.

Fxprimus Q&a

There is a trading option called the Meta Trader 4 which is an easy to use platform that has enhanced features of charts, analytical information, and trading functions that are automated. This platform supports currency usages of USD, GBP, EUR, AUD, and SGD. With VIP, you need to deposit $10,000 to own this type of account. All the benefits provided with the Standard and Premium account can be available with the VIP account. You will have free communication access with a trading professional. With FXPrimus, you can choose what instrument you wish to trade with.