General Information & Regulation
FXPRIMUS, the trade brand of Primus Global LTD, was established in 2009. The Cyprus Securities and Exchange Commission (CySEC) is the primary regulator of Primus Global LTD. It operates under the framework of the EU‘s Financial Instruments Directive 2014/65/EU or MiFID II, and the EU’s 5th Anti-Money Laundering Directive. Primus Markets INTL Limited operates under the regulation of the Vanuatu Financial Services Commission (VFSC), with regulatory license number 14595.
Market Instruments
Tradable financial instrument available on the FXPRIMUS platform include Forex currency pairs, Energies, Metals, Equities, Crytocurrencies, Indices, Futures
Minimum Deposit
The minimum initial deposit required by FXPRIMUS is as low as $10, which sounds reasonable for most regular traders.
Leverage
FXPrimus being a regulated broker offering leverage levels that are determined by the regulatory restrictions each authority impose. Trading with European FXPrimus under CySEC and MiFID guidelines the maximum leverage level is set to 1:30 for Forex instruments. A global entity of FXPrimus based in Vanuatu enables you to trade with high leverage up to 1:1000.
Spreads & Commissions
FXPRIMUS carries rather excessive mark-ups, as evident in the listed spreads, which start from 2.0 pips in the EUR/USD. While FXPRIMUS advertised a 0.0 pip spread for select instruments, it is unclear where exactly that applies. Equity CFDs carry a $0.10 commission per share.
Inactivity Fees
Clients incur a monthly inactivity fee of $30 for the first month and $10 for each subsequent one.
Trading Platform Available
FXPRIMUS offers the full suite of the MT4 trading platform, which consists of a desktop client, a webtrader, and a mobile version. MT4 remains the most popular choice among Forex traders due to its full support for automated trading solutions. Thousands of third-party add-ons allow traders to customize and enhance their trading experience further. FXPRIMUS grants a Trading Tools Suite of five add-ons to provide traders with an improved MT4 platform.
VPS Services
FXPRIMUS offers VPS hosting to support automated traders. The VPS hosting service is free for clients who maintain $500 in equity and trade five standard lots per month; traders who do not meet that criteria will be required to pay an unreasonable $30 per month for the service.
Deposit & Withdrawal
Bank wires, credit/debit cards, Skrill, and Neteller, represent the deposit and withdrawal options at FXPRIMUS.
Customer Service
Traders may reach customer support via e-mail, by using the webform, calling, or through live chat when available. Operating hours join the list of missing items at FXPRIMUS, but a PDF presentation mentions them as 24/5. An FAQ section answers the most basic questions.
2022-11-18 09:46
2022-12-05 16:45
