FxPrimus Review
Read our concise, full review on the pros and cons of FxPrimus
Not available in United States
FxPrimus Overall rating
| Rating | Weight | |
| User rating | 4.5 (15 reviews)  | 3 |
| Popularity | 3.3 | 3 |
| Regulation | 5.0 | 2 |
| Pricing rating | 4.2 | 1 |
| Features | Not rated | 1 |
| Customer Support | Not rated | 1 |
Pros
- Highly rated by users with a score of 4.5 out of 5
- Ranked 12 out of 1102 forex brokers based on user ratings
- Provides MetaTrader 4 and 5, and cTrader for multiple platforms
- Established since 2009, indicating a well-established broker
- Offers negative balance protection
Cons
- Relatively low popularity rating of 3.3 out of 5
- Higher crypto and forex average spreads compared to some competitors
- Does not provide its financials publicly
We tested FxPrimus using real-money live accounts. Our reviews are unique in that they do not have any bias for or against any broker and are driven purely on the underlying data we compile from live account testing, regulatory data, and opinions from customers. We list all brokers and do not charge a fee for it. We offer additional visibility for a fee, but our review content cannot be influenced. Read our About Us page to read our editorial guidelines and how we make money.
Trustworthiness & Regulation
FxPrimus, founded in 2009, is a well-established broker with a strong reputation. It has garnered a user rating of 4.5 out of 5, based on 15 total user reviews, with 11 of those reviews from verified real trading accounts.
The broker is ranked 12 out of 1102 forex brokers based on user ratings, showcasing its popularity and trustworthiness among its users. FxPrimus receives 42,625 organic monthly visits and is ranked 202 out of 1102 brokers for organic traffic, indicating a moderate level of web traffic and popularity.
FxPrimus is regulated by Cyprus (CY CySEC) and Vanuatu (VU VFSC), with the CySEC regulation offering an Investor Compensation Fund for retail traders and with both regulators requiring the segregation of client funds from the company's operating capital.
| Company | Licenses & Regulations | Segregated Client Money | Deposit Compensation Scheme | Negative Balance Protection | Rebates | Max. Leverage Retail Clients |
|---|---|---|---|---|---|---|
| Primus Global Ltd |
|
up to €20,000
|
|
|
30 : 1 | |
| Primus Markets Intl Limited |
|
|
|
|
1000 : 1 |
Deposit Insurance
FxPrimus supports deposit insurance and investor compensation programs under its regulatory frameworks. Under CySEC regulation, client funds are segregated, ensuring that they are kept separate from the broker's operating capital.
Additionally, the deposit compensation scheme is in place to compensate investors if an authorized financial firm fails. This provides an added layer of protection for traders who choose FxPrimus as their broker.
Spreads and Costs
When comparing averages across asset classes, FxPrimus has relatively higher average spreads in the crypto and forex categories compared to some of its competitors.
However, its spreads on commodities are more competitive. For instance, its forex average spread is 2.80 pips, which is higher than IC Markets and RoboForex but comparable to Vantage Markets.
Combined Spread/Commission Costs by Asset Class Compared to Market Leading Brokers
| Broker - Account Type | Crypto Average | Forex Average | Indices Average | Commodities Average |
|---|---|---|---|---|
| FxPrimus – Pro | 20.56 | 2.80 | - | 0.12 |
| Axi – Pro | 13.88 | 1.19 | 1.55 | 0.09 |
| IC Markets – Raw | 9.05 | 1.52 | 1.38 | 0.09 |
| FBS – Standard | 21.31 | 2.03 | - | 0.17 |
| RoboForex – ECN | - | 1.34 | - | 0.07 |
| Vantage Markets – Raw ECN | 8.63 | 2.05 | - | 0.10 |
| ThinkMarkets – ThinkZero | 17.08 | 1.73 | 1.83 | 0.14 |
Crypto averages comprise (BTCUSD, ETHUSD), forex averages comprise (EURUSD, USDJPY, GBPJPY, EURGBP, AUDNZD, CADCHF), indices averages comprise (US30, AUS200), and commodities average comprises (XAUUSD, XAGUSD). Data is sampled every 10 seconds for 24 hours to calculate the average. Forex is stated in pips, and the others are stated in base currency. All spreads including both spread and commission calculated in.
Our data comes from our sophisticated spread analyzer tool, which collects live account information and syncs with our performance analytics system. To compare all brokers and instruments with the latest live data, visit our spread analyzer tool. A spread is the difference between the bid (sell) and ask (buy) price of an asset and can vary widely between brokers and account types.
Some brokers charge higher spreads but no commission, while others charge both, making it crucial to assess the total cost, which includes both spread and commission. Our values reflect this all-in cost. Note that some brokers may set low costs on popular pairs like EURUSD but higher rates on other instruments.
Many brokers also advertise "as low as" spreads that may not reflect the true average or include commissions. Comparing true all-in cost averages across various instruments and asset classes is vital for accurate assessment.
Combined Spread/Commission Costs Per Instrument Compared to Market Leading Brokers
| Broker - Account Type | BTCUSD | ETHUSD | EURUSD | USDJPY | GBPJPY | EURGBP | AUDNZD | CADCHF | AUS200 | US30 | XAUUSD | XAGUSD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FxPrimus – Pro | 36.60 | 4.55 | 1.48 | 2.83 | 4.27 | 1.59 | 4.08 | 2.55 | 3.13 | - | 0.23 | 0.02 |
| Axi – Pro | 25.47 | 2.30 | 0.54 | 1.15 | 1.83 | 0.72 | 1.43 | 1.47 | 1.10 | 2.00 | 0.16 | 0.02 |
| IC Markets – Raw | 15.10 | 3.00 | 0.80 | 1.45 | 2.28 | 0.98 | 2.43 | 1.20 | 1.85 | 0.90 | 0.15 | 0.03 |
| FBS – Standard | 40.80 | 1.81 | 1.24 | 1.90 | 2.80 | 1.69 | 2.51 | 2.05 | - | 5.32 | 0.30 | 0.03 |
| RoboForex – ECN | - | - | 0.69 | 1.17 | 1.98 | 0.82 | 2.17 | 1.32 | - | 1.69 | 0.13 | 0.01 |
| Vantage Markets – Raw ECN | 14.64 | 2.61 | 0.94 | 1.53 | 2.07 | 0.83 | 2.32 | 0.82 | - | - | 0.14 | 0.03 |
| ThinkMarkets – ThinkZero | 32.72 | 1.44 | 0.80 | 1.25 | 2.42 | 1.34 | 2.92 | 1.65 | 2.23 | 1.43 | 0.25 | 0.03 |
Swap Rates/Financing Fees
Swap fees are the costs or earnings from holding a trading position overnight. Positive swap rates pay out to the trader, while negative swap rates cost money. Based on the 'Average' column in our data, FxPrimus has moderate swap rates compared to the industry leading brokers.
Its average swap rate is higher than than Axi and Vantage Markets but competitive compared to others like RoboForex and FBS.
| Broker | Best | Average | NZDUSD Swap Short | NZDUSD Swap Long | USDJPY Swap Short | USDJPY Swap Long | XAUUSD Swap Short | XAUUSD Swap Long |
|---|---|---|---|---|---|---|---|---|
| FxPrimus | - | -3.35 | -0.13 | -0.22 | -2.90 | 1.59 | 23.34 | -41.80 |
| Axi | Best | -1.57 | -0.04 | -0.13 | -2.65 | 1.40 | 20.00 | -28.00 |
| IC Markets | - | -2.27 | -0.10 | -0.14 | -2.59 | 1.25 | 20.78 | -32.84 |
| FBS | - | -4.38 | -0.14 | -0.06 | -2.87 | 0.63 | 6.05 | -29.90 |
| RoboForex | - | -5.81 | -0.23 | -0.30 | -3.56 | 1.22 | -3.00 | -29.00 |
| Vantage Markets | - | -2.34 | -0.19 | -0.25 | -2.72 | 1.03 | 18.90 | -30.80 |
| ThinkMarkets | - | -3.27 | -0.14 | -0.14 | -2.61 | 1.08 | 19.57 | -37.37 |
Does FxPrimus Offer Islamic/Swap-free Accounts?
Islamic trading accounts, also known as swap-free accounts, are designed to comply with Sharia law, which prohibits earning interest. FxPrimus does offer Islamic accounts for traders who follow the principles of Islamic finance. These accounts do not incur swap or rollover charges on overnight positions, ensuring compliance with religious beliefs.
To open an Islamic account with FxPrimus, traders need to apply for it and provide the necessary documentation to verify their eligibility.
Other Fees
Aside from spreads, commissions, and swap rates, FxPrimus charges several other fees. According to various reviews, the broker imposes withdrawal fees and inactivity fees. Below is a table summarizing these additional costs:
| Fee Type | Amount |
|---|---|
| Withdrawal Fee | Varies by method, up to $25 per withdrawal |
| Inactivity Fee | $30 per month after 6 months of inactivity |
Comparison to other Brokers
When comparing FxPrimus to other brokers, it is evident that FxPrimus holds its ground well in several areas. With a user rating of 4.5 out of 5, it is ranked higher than many competitors. The broker's longevity since 2009 also marks it as a well-established entity in the forex industry. However, its popularity rating of 3.3 out of 5 indicates room for improvement compared to more popular brokers.
In terms of regulatory licensing, FxPrimus is regulated by Cyprus (CY CySEC) and Vanuatu (VU VFSC), providing a degree of security and trust. However, it is not licensed as a bank, and it does not provide its financials publicly. Its spreads and costs are higher in some asset classes compared to market leaders like IC Markets and RoboForex, but competitive in others like commodities.
FxPrimus offers a wide range of trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader, which cater to various trading needs. In terms of swap rates, FxPrimus has moderate rates, which are competitive but not the lowest in the market.
Trading Platforms - Mobile, Desktop, Automated
| Platform | Devices | Automated Trading | Programming Language |
|---|---|---|---|
| MetaTrader 4 | Desktop, Mobile, Web | Yes | MQL4 |
| MetaTrader 5 | Desktop, Mobile, Web | Yes | MQL5 |
| cTrader | Desktop, Mobile, Web | Yes | cAlgo (C#) |
FxPrimus offers three main trading platforms: MetaTrader 4, MetaTrader 5, and cTrader. Each of these platforms is available on desktop, mobile, and web versions, ensuring flexibility and accessibility for traders. Both MetaTrader platforms support automated trading, with MQL4 and MQL5 being the respective programming languages.
These languages are relatively easy to learn and have a wide range of resources available for traders looking to automate their strategies.
cTrader also supports automated trading through cAlgo, which uses the C# programming language. C# is a well-known and powerful language, making cTrader a robust option for traders who prefer custom automation.
What Can you Trade?
| Asset Class | Number of Instruments |
|---|---|
| Forex CFD | 40+ |
| Crypto CFD | 4 |
| Stock CFD | 100 |
| Stock Index CFD | 15 |
| Commodities CFD | 11 |
| ETFs | - |
| Bond CFD | - |
| Futures CFD | - |
FxPrimus offers a variety of asset classes for trading, including Forex CFDs, Crypto CFDs, Stock CFDs, Stock Index CFDs, and Commodities CFDs. They provide more than 40 forex pairs, 4 cryptocurrencies, 100 stock CFDs, 15 stock indices, and 11 commodities. The broker does not offer ETFs, Bond CFDs, or Futures CFDs.
Trading CFDs means you do not own the underlying asset but instead speculate on the price movements of the asset. This allows for leverage, which can amplify both gains and losses. It's important to understand the role and benefits of leverage when trading CFDs, as well as the associated risks. For a detailed list of instruments available, visit FxPrimus's trading products page.
Available Leverage
FxPrimus offers different leverage levels depending on the regulatory entity and the instrument traded. Under Primus Global Limited regulated by Cyprus (CY CySEC), the maximum leverage for retail clients is 30:1.
For Primus Markets Intl Ltd regulated by Vanuatu (VU VFSC), the maximum leverage can go up to 1000:1. It's important for traders to choose their leverage wisely, as higher leverage can lead to significant losses as well as gains.
Prohibited Countries
FxPrimus does not accept clients from several countries due to regulatory restrictions. These countries include the United States, Canada, Japan, Belgium, Iran, Iraq, North Korea, and several others. For a complete list of restricted countries, visit the broker's website or contact their customer support.
FxPrimus Account types
| PrimusPRO | PrimusCLASSIC | PrimusZERO | |
| Commission | $10.00 Per Lot | - | $5.00 Per Lot |
| Maximum leverage | 1000:1 | 500:1 | |
| Mobile Platform | cTrader Mobile, MT4 Mobile, MT5 Mobile | MT4 Mobile | |
| Trading platform | cTrader, MT4, MT5, WebTrader | MT4 | |
| Spread Type | Variable Spread | ||
| Minimum Deposit | 500 | 15 | 5 |
| Minimum Trade Size | 0.01 | ||
| Trailing Stops | | ||
| Scalping Allowed | | ||
| Hedging Allowed | | ||
| Islamic Accounts | | | |
| PrimusPRO | |
| Commission | $10.00 Per Lot |
| Maximum leverage | 1000:1 |
| Typical Spread | 0.4-0.6 |
| Trading platform | cTraderMT4MT5WebTrader |
| Mobile platform | cTrader MobileMT4 MobileMT5 Mobile |
| Spread type | Variable Spread |
| Minimum deposit | 500 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | |
| Scalping Allowed | |
| Hedging Allowed | |
| Islamic Accounts |
|
| PrimusCLASSIC | |
| Maximum leverage | 1000:1 |
| Typical Spread | 1.0-2.0 |
| Trading platform | cTraderMT4MT5WebTrader |
| Mobile platform | cTrader MobileMT4 MobileMT5 Mobile |
| Spread type | Variable Spread |
| Minimum deposit | 15 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | |
| Scalping Allowed | |
| Hedging Allowed | |
| Islamic Accounts |
|
| PrimusZERO | |
| Commission | $5.00 Per Lot |
| Maximum leverage | 500:1 |
| Typical Spread | From 0.0 |
| Trading platform | MT4 |
| Mobile platform | MT4 Mobile |
| Spread type | Variable Spread |
| Minimum deposit | 5 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | |
| Scalping Allowed | |
| Hedging Allowed | |
| Islamic Accounts |
|
FxPrimus Web traffic
Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.
| Websites |
fxprimus.com
|
| Organic monthly visits | 19,638 (100%) |
| Organic traffic rank | 273 out of 1122 (Forex Brokers) |
| Paid monthly visits | 90 (0%) |
| Total monthly visits | 19,728 |
| Bounce rate | 41% |
| Pages per visit | 3.05 |
| Average visit duration | 00:01:31.7170000 |
FxPrimus Profile
| Company Name | Primus Global Ltd, Primus Markets INTL Ltd |
| Categories | Forex Brokers, Cryptocurrency Brokers, Forex Rebates, Cryptocurrency Rebates |
| Primary Category | Forex Brokers |
| Year Founded | 2009 |
| Headquarters | Cyprus |
| Office Locations | Cyprus |
| Account Currency | EUR, GBP, PLN, SGD, USD, ZAR |
| Client funds bank | Hellenic Bank |
| Support Languages | Arabic, Chinese, English, Indonesian, Japanese, Malay, Portuguese, Spanish, Thai, Vietnamese, Bahasa (Indonesian), Czech, Somali |
| Funding Methods | Bank Wire, Bitcoin, China Union Pay, Credit/Debit Card, FasaPay, Giropay, Neteller, Skrill, TrustPay, Local Bank Transfer, Ecopayz, Ezeebill, Tether (USDT) |
| Financial Instruments | Forex, Shares, Indices, Oil/Energies, Cryptocurrencies, Metals |
| Prohibited Countries | Iran, United States |
24 hour support
Segregated Accounts
Islamic Accounts
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo
Trading API
Cent accounts
Negative balance protection
Social trading
Regulatory deposit insurance
Trailing stops
Bonuses
Interest on margin
Fixed spread
Variable spread
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