What is FXPrimus?
Before going to the opinions about this broker, let’s see how are the conditions that we find in it.
FXPRIMUS is registered and regulated in the CySEC of Cyprus. Likewise, and to comply with European regulations, it is subject to the MiFID regulation. FXPRIMUS has an office in Cyprus, in addition to Vanuatu and South Africa, and is also regulated by the regulations of those countries, such as the VFSC and the FSCA.
Open account with FXPrimus
The account opening with FX Primus is not complicated since we will only have to enter our personal data and wait for the confirmation email to be sent to us.
Once we confirm we can enter the broker’s platform and to validate our account and proceed to trade we can do it after sending copies of our proof of residence documents (invoices or bank statements) and identity (DNI, driving license, or passport).
The minimum to make a deposit is 500 USD and the methods for this are by transfer and card.
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FXPRIMUS markets, instruments and commissions
The platforms will be MetaTrader 4, their respective mobile platforms, and FIX API for institutional clients.
FXPRIMUS offers trading on various instruments, such as Forex, and CFDs on Stock Indices, commodities, and metals.
Commissions and spreads 2019 Fxprimus
FXPRIMUS Typical ECN spread Fixed Spread Minimum lot Margin
Gold 0.10 0.50 0.01 ounce 20: 1
Petroleum 0.03 0.05 10 barrels 10: 1
EURUSD 0.7 2 0.01 30: 1
GBPUSD 1.3 2 0.01 30: 1
USDJPY 0.8 3 0.01 30: 1
SP500 0.6 0.7 1 index 20: 1
DAX Variable – 100 x index 20: 1
In Forex, a commission of $ 10 will be charged for each lot traded.
It is a broker that has been a bit in decline lately so the number of opinions is not very large.
In fact we can see how in some places like Forex Factory has an open thread for official representative to discuss things about the broker and nobody ever published anything.
The same thing happened in the babypips forum, where that “official thread” was created in 2018 but nobody ever intervened.
In Reddit, we have the occasional thread with people asking but without too much information.
As a positive point, we have people from trade2win with relatively large accounts in 2018 reporting that there were no problems with this broker.
We also see some reference in 2015 on elite trader about the services offered by MAM and PAMM accounts.
My opinion of FXPRIMUS
In general, it seems that most of the broker activity ended in 2015, which is when there were more threads.
In the following years things have been quite calm.
One thing that puzzles me is the fact that they were offering stock CFDs trading but they have removed it entirely.
They have also disposed of the use of the Sirix social platform.
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That, together with the elimination of promotions and PAMM accounts, have caused the broker to drop considerably in product offerings and possibly quality.
Also to say that this broker was previously in Mauritius and other laws but has changed to Vanuatu and the main one: Cyprus.
I do not know if he will survive the tough competition in the coming years; unless you make a strong turn to your product and service offering.
FX Primus Summery
Type: ECN, Market Maker
Markets: Forex, CFDs indices, commodities
Minimum deposit: 500 USD
Deposit methods: transfer, card
Platforms: MetaTrader 4, mobile
Spread: 0.7 EURUSD; 0.35 gold
Commissions: $ 10 per lot in ECN forex
For more information, visit the website .