Registered in	UK
Regulated by	CYSEC, CNMV and FCA
Year(s) of establishment	10-15 years
Trading instruments	Forex pairs, indices, commodities, stocks, ETFs
Minimum Initial Deposit	$0
Maximum Leverage	1:30
Minimum spread	0.35 pips onwards
Trading platform	x Station 5 and x Station Mobile trading platforms
Deposit and withdrawal method	bank transfers, credit cards and Skrill
Customer Service	Email/phone number/address
Fraud Complaints Exposure	Yes

It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

Pros and cons of XTB

Pros:

• XTB is regulated by top-tier authorities such as CYSEC, CNMV and FCA, which ensures the safety of client funds and compliance with industry standards.

• Clients can enjoy commission-free trading with spreads as low as 0.25 pips, making it a cost-effective option for forex traders.

• The xStation 5 and xStation Mobile platforms provide a user-friendly and advanced trading experience, with multiple technical analysis tools and charting options.

• A wide range of educational resources is available, such as market news, sentiment indicators, and eBooks, making it ideal for beginner traders who want to improve their trading skills.

Cons:

• XTB only offers a standard account type, with no information provided about the minimum deposit required to open an account.

• The maximum leverage offered is only up to 1:30, which may not be ideal for high-risk traders who want to take larger positions in the market.

• Withdrawals of less than 100 USD, 80 EUR, 60 GBP or 12000 HUF will be charged a high fee, which can be a disadvantage for clients with smaller accounts.

• Customer support is not available 24/7 and is only offered in a limited number of languages.

What type of broker is XTB？

Advantages	Disadvantages
XTB offers tight spreads and fast execution due to its Market Making model.	As a counterparty to its clients' trades, XTB has a potential conflict of interest that may lead to decisions that are not in the best interest of its clients.

XTB is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, XTB acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that XTB has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with XTB or any other MM broker.

General information and regulation of XTB

XTB is a UK registered online forex and CFD broker that is regulated by the FCA, CYSEC, and CNMV. The company offers trading in a range of financial instruments including forex pairs, indices, commodities, stocks, and ETFs. XTB provides its clients with advanced trading platforms, educational resources, and a variety of payment methods. The broker also offers competitive spreads with zero commissions and has a maximum leverage of 1:30.

In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.

Market instruments

Advantages	Disadvantages
Wide range of tradable assets	Limited selection of cryptocurrencies
Opportunity to diversify	Some instruments may have low liquidity
Access to multiple markets	Not all assets may be available in all regions

XTB offers a diverse range of instruments for traders to choose from, including forex pairs, indices, commodities, stocks, and ETFs. This presents a great opportunity for traders to diversify their portfolio and access multiple markets all within one platform. The wide selection of tradable assets ensures that there are plenty of options available for traders with varying strategies and preferences. However, it's important to note that some of the instruments may have low liquidity and there is a limited selection of cryptocurrencies available. Additionally, not all of the assets may be available in all regions, which could limit access for some traders. Overall, XTB's instrument dimension provides traders with a comprehensive selection of tradable assets, but it's important to research each asset's liquidity and availability before trading.

Spreads and commissions for trading with XTB

Advantages	Disadvantages
Zero commission
Competitive spreads starting from 0.25 pips
No hidden fees or additional charges

XTB offers a single account type with zero commission and competitive spreads starting from 0.25 pips, making it an attractive option for traders looking for low trading costs. There are no hidden fees or additional charges, providing transparency and ease of understanding for traders.

Trading accounts available in XTB

Advantages	Disadvantages
No commission	Only one account type
Low spreads	Minimum deposit not revealed
Wide range of trading instruments

XTB offers only one standard account type, which doesn't charge any commission and offers competitive spreads from 0.35 pips. This account type also provides access to a wide range of trading instruments, including forex pairs, indices, commodities, stocks, and ETFs. However, the minimum deposit requirement for this account type is not revealed, which can be a disadvantage for traders who are looking for transparency in terms of account funding. Additionally, the lack of account type options might not suit the needs of more advanced traders who require different trading conditions or access to additional features. Overall, the account type provided by XTB has its benefits in terms of low costs and diverse trading instruments, but it might not be suitable for all types of traders.

Trading platform(s) that XTB offers

Advantages	Disadvantages
Advanced charting tools	Limited platform options
Customizable interface	Limited mobile app features
Fast execution speed	No third-party platform support
One-click trading

X-Trade Brokers (XTB) provides its clients with two main trading platforms - xStation 5 and xStation Mobile. xStation 5 is a highly advanced platform with a customizable interface and advanced charting tools. The platform also offers fast execution speeds and one-click trading functionality. On the other hand, the xStation Mobile platform offers limited features compared to the desktop version. The mobile platform lacks advanced charting tools and other important features, limiting its functionality for traders who prefer to trade on-the-go. Additionally, XTB only offers its proprietary platforms and does not support any third-party trading platforms, which could be a disadvantage for some traders.

You can watch their video tutorial about this platform on their official YouTube channel.

Maximum leverage of XTB

Advantages	Disadvantages
Allows for greater market exposure with a smaller initial investment	High leverage can lead to substantial losses if not managed properly
Provides potential for higher returns	Trading with high leverage increases the risk of margin calls
Enables traders to diversify their portfolio	Not suitable for all types of traders, especially beginners
Allows for more flexibility in trading strategies	May require higher margin requirements and affect trading profitability

XTB offers a maximum leverage of up to 1:30 which is a standard leverage amount in the industry, especially in the European Union. The maximum leverage allows traders to increase their market exposure with a smaller initial investment and has the potential to generate higher returns. However, traders need to be aware that high leverage also carries a higher risk of substantial losses, and should only be used by experienced traders who have a good understanding of risk management strategies. Moreover, it may not be suitable for all types of traders, especially beginners who may find it difficult to manage the increased risk. Overall, the maximum leverage offered by XTB can be beneficial for traders who have experience in managing risk and are comfortable with high leverage trading.

Deposit and Withdrawal: methods and fees

Advantages	Disadvantages
Multiple deposit methods	High fee for withdrawals smaller than specified limit
No fees for deposits	Limited number of withdrawal methods
Fast deposit processing	Withdrawals may take up to 3 business days
Secure transactions	Minimum deposit amount not disclosed
No hidden charges

XTB offers a range of deposit methods including bank transfers, credit cards and Skrill. They do not charge any fees for deposits and process them quickly. However, withdrawals smaller than 100USD, 80 EUR, 60 GBP or 12000 HUF will be charged a high fee of around 20USD/16EUR/12GBP. The number of withdrawal methods is limited, and withdrawals may take up to 3 business days. XTB ensures secure transactions and does not have any hidden charges. However, the minimum deposit amount is not disclosed.

Educational resources in XTB

Advantages	Disadvantages
Wide range of educational resources including economic calendar, market news, articles, eBooks, and more	Some resources may be basic and not useful for experienced traders
Free to access	Limited interaction and personalization with educational resources
Provides opportunities for traders to improve their trading skills and knowledge	No structured or formal education programs offered
Regularly updated with the latest market news and analysis	No physical or in-person educational events or seminars offered
Offers a demo account for traders to practice their skills and strategies before trading with real money

XTB provides a wide range of educational resources for traders to improve their trading skills and knowledge. These resources include an economic calendar, market news, market sentiment, articles, eBooks, and more. These resources are free to access and provide opportunities for traders to improve their trading strategies and knowledge. The platform also offers a demo account for traders to practice their skills and strategies before trading with real money. While some resources may be basic and not useful for experienced traders, XTB regularly updates their resources with the latest market news and analysis. However, there are no structured or formal education programs or physical/in-person events or seminars offered, and there is limited interaction and personalization with educational resources.

Customer service of XTB

Advantages	Disadvantages
24/5 customer support	No 24/7 customer support
Multiple contact options
Dedicated account opening line	No live chat support
UK and Poland-based offices

XTB offers multiple customer support options, including 24/5 customer service through their UK and Poland-based offices. Clients can reach XTB's customer support team through various contact methods such as email, phone, and online messaging. Additionally, the company provides dedicated account opening lines for new clients. However, it is important to note that XTB does not offer 24/7 customer support, and phone support may be limited. Moreover, the company does not offer live chat support and email support may also be limited.

Conclusion

Overall, XTB is a well-regulated and reputable forex broker with several years of experience in the industry. The company offers a wide range of tradable assets, competitive spreads, and a user-friendly trading platform with advanced features. The educational resources provided by XTB are also a valuable asset for both novice and experienced traders. However, the limited account options and high withdrawal fees for small amounts may be a disadvantage for some traders. The customer support offered by XTB is efficient and available 24/5, and the company has a physical presence in several locations around the world. The maximum leverage offered by XTB is limited to 1:30, which may not be suitable for some high-risk traders. Overall, XTB is a solid choice for traders looking for a regulated and reliable forex broker.

Frequently asked questions about XTB

• What are the trading instruments available at XTB？

• Answer: XTB offers forex pairs, indices, commodities, stocks, and ETFs.

• What type of account is available at XTB？

• Answer: XTB only offers a standard account with a minimum deposit not revealed.

• What is the maximum leverage offered by XTB？

• Answer: XTB offers a maximum leverage of up to 1:30.

• What are the deposit and withdrawal methods available at XTB？

• Answer: XTB offers bank transfers, credit cards, and Skrill for deposits and withdrawals.

• What are the fees associated with withdrawals at XTB？

• Answer: Withdrawals smaller than 100 USD, 80 EUR, 60 GBP, or 12000 HUF will be charged a high fee of around 20 USD/16 EUR/12 GBP.

• What trading platforms are available at XTB？

• Answer: XTB offers the x Station 5 and x Station Mobile trading platforms.

• What educational resources are available at XTB？

• Answer: XTB provides a series of educational resources such as economic calendar, market news, market sentiment, articles, eBooks, and more.

• Is XTB regulated？

• Answer: XTB is under multiple regulation, including CYSEC, FCA, and CNMV.

• Does XTB offer a demo account？

• Answer: Yes, XTB offers demo accounts.

• Does XTB charges commission？

• Answer: No, XTB provides a commission-free trading.

• What is the minimum deposit for XTB？

• Answer: XTB requires $250 for clients t trade with it.

• What is the difference between a demo and a live trading account？

• Answer: A demo account is an account funded with virtual money that allows for risk-free trading while a live trading account requires actual capital.

• What is the overall rating for XTB ？

• Answer: The overall rating for XTB is 6.63/10 based on its Regulatory index, Risk Management index, Software index, Business index, License Index.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

FXPRIMUS Review Summary in 10 Points
Founded	2009
Registered Country/Region	Cyprus
Regulation	CySEC
Market Instruments	Forex, Metals, Energies, Equities, Indices, Futures and CFD Cryptocurrencies
Demo Account	Available
Leverage	1:1000
EUR/USD Spread	From 0 pips
Trading Platforms	MT4, MT5, cTrader, WebTrader
Minimum deposit	$15
Customer Support	24/5 live chat, email

What is FXPRIMUS？

FXPRIMUS is a CySEC-regulated retail forex and CFD broker, founded in 2009 and headquartered in Cyprus. FXPRIMUS offers trading on a range of financial instruments including Forex, Metals, Energies, Equities, and Indices, different account types with varying minimum deposits and leverages, and multiple trading platform choices of MT4, MT5, cTrader, and WebTrader.

Pros & Cons

Pros	Cons
• Regulated by CYSEC	• Clients from Australia, Belgium, Iran, Japan, North Korea and USA are not accepted
• High-level protection measures for clients	• Higher minimum deposit for certain account types
• Wide range of market instruments	• Limited copy trading availability
• Low minimum deposit
• No deposit or withdrawal fees
• Competitive spreads and commissions
• Various deposit and withdrawal methods
• Strong customer service support
• Comprehensive trading tools and educational resources

Overall, FXPRIMUS appears to be a legitimate and reliable broker with strong regulatory oversight and high-level protection measures. They offer a wide range of trading instruments and account types, as well as various trading platforms and educational resources.

FXPRIMUS Alternative Brokers

There are many alternative brokers to FXPRIMUS depending on the specific needs and preferences of the trader. Some popular options include:

• FXCM - a well-established broker with a good reputation and comprehensive trading tools;

• FxPro - offers competitive pricing and advanced trading platforms;

• Exness - has a user-friendly platform and low minimum deposits.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is FXPRIMUS Safe or Scam？

FXPRIMUS is a legitimate online broker that is regulated by the Cyprus Securities and Exchange Commission (CySEC). It is also a member of the Investor Compensation Fund (ICF) in Cyprus, which provides protection to clients in the event of the company's insolvency. Overall, FXPRIMUS appears to be a reputable broker.

How are you protected？

FXPRIMUS places a strong emphasis on client protection measures. It offers Negative Balance Protection, which means that clients will never lose more than their account balance. Additionally, FXPRIMUS uses top-tier liquidity providers, ensuring fast and reliable execution of trades. The broker's funds are audited by a third-party auditor to ensure transparency, and client funds are held in segregated accounts, separate from the broker's operating funds. These measures help to ensure that FXPRIMUS clients are protected from financial fraud and malpractice.

Our Conclusion on FXPRIMUS Reliability:

Based on the information provided, FXPRIMUS appears to have strong protection measures in place for their clients, including regulation by CYSEC, negative balance protection, top-tier liquidity, and audit and segregated accounts. These measures provide a level of assurance that FXPRIMUS is committed to the security of its clients' funds. Therefore, it can be concluded that FXPRIMUS is a trustworthy broker for traders.

Market Instruments

FXPRIMUS offers a diverse range of market instruments for its clients to trade. In addition to forex pairs, clients can also trade metals such as gold and silver, as well as energies such as oil and natural gas. The broker also offers equities, indices, futures, and CFD cryptocurrencies. With such a wide range of market instruments available, clients can diversify their trading portfolios and take advantage of different market opportunities.

Accounts

FXPRIMUS offers three account types, Primus Classic, Primus Pro, and Primus Zero, with minimum deposits ranging from $15 to $1,000. Primus Classic accounts are the most accessible with a low minimum deposit requirement of $15, while Primus Pro and Primus Zero accounts require higher minimum deposits of $500 and $1,000, respectively. Copy trading is only available for Primus Classic accounts. FXPRIMUS also offers demo accounts for traders to practice their strategies before committing to a live account.

Leverage

FXPRIMUS provides varying leverage options depending on the account type and trading platform. For instance, for the Primus Classic account, clients can enjoy up to 1:1000 leverage. On the other hand, for the Primus Pro account, leverage is up to 1:500 on the MT4 platform and up to 1:1000 on the MT5 platform. For the Primus Zero account, the maximum leverage offered is up to 1:500. It is essential to note that high leverage levels carry a higher risk of potential losses, and traders should exercise caution when using high leverage levels.

Spreads & Commissions

FXPRIMUS offers competitive spreads and commissions across its account types. The spreads for the Primus Classic account start from 1.5 pips with no commission, which is suitable for beginners who are looking for a commission-free trading experience. For the Primus Pro account, the spreads are variable and start from as low as 0.3 pips, but the commissions are higher at $8 on the MT5 and $10 on the MT4. For experienced traders who prefer tighter spreads, the Primus Zero account offers spread from 0 pips with a commission of $5, making it suitable for high-frequency trading strategies.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker	EUR/USD Spread	Commission
FXPRIMUS	From 0.0 pips	No commission on Primus Classic
FXCM	From 0.2 pips	No commission on Standard
FxPro	From 0.0 pips	From $4.5 on cTrader
Exness	From 0.3 pips	No commission on Standard

Note: Spreads can vary depending on market conditions and volatility.

Trading Platforms

FXPRIMUS offers a range of popular trading platforms to cater to the needs of different types of traders. The platform options include the widely used MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and WebTrader.

The MT4 and MT5 platforms are popular among traders due to their user-friendly interface, advanced charting capabilities, and customizable indicators.

The cTrader platform is preferred by traders who seek a more transparent trading environment with direct market access (DMA) and Level II pricing.

The WebTrader platform is a web-based platform that allows traders to access their accounts from any device with an internet connection, without the need to download or install any software.

Overall, FXPRIMUS' trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:

Broker	Trading Platforms
FXPRIMUS	MT4, MT5, cTrader, WebTrader
FXCM	Trading Station, MT4
FxPro	MT4, MT5, cTrader
Exness	MT4, MT5, WebTerminal

Trading tools

FXPRIMUS offers a variety of trading tools to assist its clients. The pip calculator helps traders calculate the value of a pip for a given currency pair and position size. The margin calculator allows traders to calculate the margin required to open and hold a position. The currency converter helps traders convert one currency to another at current exchange rates.

In addition, FXPRIMUS provides a market calendar that shows the schedule of economic events and their expected impact on the market, which can help traders make informed trading decisions. These tools can be accessed through the FXPRIMUS website or the trading platforms.

Deposits & Withdrawals

FXPRIMUS offers various deposit and withdrawal methods, including Bank Wire, Local Transfer, Credit Cards, and e-Wallets.

The minimum deposit is relatively low at $15. There are no deposit or withdrawal fees charged by FXPRIMUS, but your payment provider may charge a fee. However, it is worth noting that the minimum withdrawal amount is $100, which may be higher than some traders would prefer.

FXPRIMUS minimum deposit vs other brokers

	FXPRIMUS	Most other
Minimum Deposit	$15	$100

The processing time for withdrawals varies depending on the payment method chosen, with Bank Wire taking 2-5 working days, Local Transfer taking 1-5 working days, and Credit Cards and e-Wallets taking up to 5 minutes.

FXPRIMUS Money Withdrawal

To withdraw funds from FXPRIMUS, you can follow these steps:

Step 1: Log in to your FXPRIMUS account and click on the “Withdrawals” option in the main menu.

Step 2: Select the payment method you want to use for the withdrawal.

Step 3: Enter the amount you want to withdraw and click on the “Submit” button.

Step 4: Follow the instructions provided by the payment method you selected to complete the withdrawal process.

Fees

FXPRIMUS does not charge any deposit or withdrawal fees; however, payment provider fees may apply.

The broker charges an inactivity fee of $10 per month for accounts that have been inactive for 180 days or more. This fee is charged to cover the costs of maintaining the account and providing access to trading services, educational resources, and customer support. However, the inactivity fee can be avoided by simply logging into the trading account at least once every 180 days. It's important to note that the inactivity fee is only charged on the balance of the account and not on the deposited amount.

It also charges swap fees for holding positions overnight, and these fees vary depending on the instrument being traded.

See the fee comparison table below:

Broker	Deposit Fee	Withdrawal Fee	Inactivity Fee
FXPRIMUS	Free	Free	$10 per month after 180 consecutive days of inactivity
FXCM	Free	Free	$50 per year after 12 months of inactivity
FxPro	Free	Free	$0 after 12 months of inactivity
Exness	Free	Varies by payment method	No

It is important to note that fees and charges are subject to change, and clients should refer to the brokers websites for up-to-date information.

Customer Service

FXPRIMUS customer service offers various channels for clients to reach out for support. Clients can access 24/5 live chat, email, and online messaging to get in touch with customer support representatives. In addition, the broker provides support via messaging apps such as Messenger, WhatsApp, WeChat, Zalo, Line, and Telegram. This allows clients to contact customer support representatives in a convenient and accessible way.

Furthermore, FXPRIMUS has a presence on social media platforms such as Twitter, Facebook, Instagram, YouTube, and LinkedIn. This enables clients to stay up-to-date with the latest news and updates from the broker.

Pros	Cons
• 24/5 live chat	• No phone support
• Multiple language support for live chat and email	• No support on Weekends
• Active on social media channels for customer engagement	• Live chat can be slow to respond during busy periods

Note: These pros and cons are subjective and may vary depending on the individual's experience with FXPRIMUS' customer service.

Education

FXPRIMUS offers a variety of educational resources for traders of all levels. These resources include video tutorials, educational materials, live webinars, and articles.

The video tutorials cover a range of topics, from basic concepts such as trading terminology and chart analysis to more advanced topics such as risk management and trading strategies.

The educational materials include e-books, trading guides, and other resources to help traders improve their skills and knowledge.

The live webinars are led by experienced traders and cover a variety of topics, including market analysis, trading psychology, and risk management.

The articles on FXPRIMUS' website cover current market news and analysis, trading strategies, and other relevant topics.

Conclusion

In conclusion, FXPRIMUS is a regulated and reliable broker that offers a range of account types with competitive spreads and commissions. The broker provides a variety of trading platforms and trading tools to enhance clients' trading experience. Additionally, the broker offers excellent customer service and educational resources to support traders.

Frequently Asked Questions (FAQs)

Q 1:	Is FXPRIMUS regulated？
A 1:	Yes. It is regulated by Cyprus Securities and Exchange Commission (CYSEC).

Q 2:	At FXPRIMUS, are there any regional restrictions for traders？
A 2:	Yes. FXPRIMUS does not offer its services to residents of certain countries/jurisdictions including, but not limited to, Australia, Belgium, Iran, Japan, North Korea and USA.

Q 3:	Does FXPRIMUS offer demo accounts？
A 3:	Yes.

Q 4:	Does FXPRIMUS offer the industry-standard MT4 & MT5？
A 4:	Yes. It supports MT4, MT5, cTrader, and WebTrader.

Q 5:	What is the minimum deposit for FXPRIMUS？
A 5:	The minimum initial deposit to open an account is $15.

Q 6:	Is FXPRIMUS a good broker for beginners？
A 6:	Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 and MT5 platforms. Also, it offers demo accounts that allow traders to practice trading without risking any real money.