WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
您当前语言与浏览器默认语言不一致,是否切换?
切换
Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

primus

United Kingdom|5-10 years|
Suspicious Regulatory License|Clone Firm United Kingdom|High potential risk|

http://www.primusasia.com/En/index.html

Website

Rating Index

Contact

0085295880590
server@primusasia.com
http://www.primusasia.com/En/index.html

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Check whenever you want

Download App for complete information

This platform is a Ponzi Scheme. Please stay away! 5
Previous Detection : 2024-11-09
  • This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
  • The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.
  • The claimed United KingdomFCA regulation (license number: 488900) is verified as a clone firm. Please pay attention to the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

primus · WikiFX Survey
Danger A Visit to the Foreign Exchange primus in UK- Finding No Office
United Kingdom

Users who viewed primus also viewed..

XM

9.05
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)
Official website

EC Markets

9.05
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)
Official website

FXCM

9.44
Score
Above 20 yearsRegulated in AustraliaMarket Making(MM)
Official website

MiTRADE

8.49
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)
Official website

primus · Company Summary

General Information & Regulation

Primus is a forex broker registered in UK, with its founding time, actual address and the company behind it unknown to all. Primus is not subject to any regulation.

Markets Instruments

Tradable financial instruments available on the Primus platform include currency pairs, commodities equities, index CFDs.

Minimum Deposit

Primus offers three trading accounts, with the minimum initial deposit of the Standard account is relatively high, reaching up to $500. Keep in mind that most legit broker only requires a minimum initial deposit of $100 or even less.

Leverage

The maximum trading leverage offered by Primus is capped at 1:30.

Spreads & Commissions

Primus 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. As such, the cost structure is unacceptably elevated. Overall, FXPRIMUS is somewhat vague about trading costs. The website lists all charges at various sections, but a central approach is notably missing.

Trading platform Available

Being an unregulated broker, Primus offers the counterfeit MT4 trading platform. 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

Primus 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. The Platinum API allows third-party developers to create trading solutions without running the MT4 trading platform, however, this broker demands a $50,000 minimum deposit to gain access.

Deposit& Withdrawal

Bank wires, credit/debit cards, Skrill, and Neteller, represent the deposit and withdrawal options at Primus. The minimum amount in both deposit and wihdrawal is $100.

Customer Support

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.

Risk Warning

Primus is running a Ponzi scheme, which means that it is not investing, it is not trading financial markets, it is just collecting money from people and giving it to others. Newer deposits are used to pay out older profits. That‘s how Ponzi schemes operate. Ponzi schemes always crash in the end because they always run out of money, since the whole concept is an unsustainable scam. Don’t even think about participating in such an illegal scheme. First, it could crash right after your deposit, and you would lose everything. Second, even if you manage to pull out some profits out of Primus, it will be money that somebody else had to lose in that scam.

Broker Information

Company Name

primus forex

Abbreviation

primus

Regulatory Status

Scam Brokers

Platform registered country and region

United Kingdom

Phone of the company
  • 0085295880590

X

--

Facebook

--

Instagram

--

YouTube

--

Company address

--

Linkedin

--

WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address
  • server@primusasia.com

Company Summary

Review

0 Comments
Write a comment

No comment yet

Write a comment
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com