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Title

FX Primus Broker Review

Address: Office 102 Zavos Kolonakiou Center 25 Kolonakiou Street 4103 Limassol Cyprus

Phones: +357 25262084

Forex ETF Stocks CFD Crypto

Spread

1

Max. Leverage

1:300 Pro

Deposit Protection

£50,000

Min. Deposit

£100

Spread

1

Max. Leverage

1:300 Pro

Deposit Protection

£50,000

Min. Deposit

£100

Spread

0.6

Max. Leverage

1:300 Pro

Deposit Protection

£50,000

Min. Deposit

£100

Spread

1

Max. Leverage

1:30

Deposit Protection

£50,000

Min. Deposit

£100

Our Overall Rating

Rating NAN

FXPrimus is a Cyprus based Forex and CFD broker who have been operating since 2013. Headquartered in Cyrpus, FXPrimus provide users with spot forex and metals trading, as well as equities, market indices, and CFDs through the MetaTrader 4 platform. With a client base spread across 200 countries, FXPrimus are favoured by customers for the well-secured trading environment, comprehensive educational resources, and fast trade execution. One of the most attractive aspects of FXPrimus is that they are based in Cyprus, which is a jurisdiction that offers a very high level of customer protection.

Commissions & Fees

Rating

At FXPrimus, traders are given the choice of trading with variable or ECN spreads. When it comes to the variable spreads, these will range from 2 pips to 2.5 pips. For ECN spreads, on the other hand, the minimum spreads will be as low as 0.4 pips. The variable spreads are on the high end of the spectrum, while the ECN spreads are relatively competitive compared to industry averages.

Platforms & Tools

Rating

As is very much industry standard these days, FXPrimus delivers trading through the highly popular MetaTrader 4 platform. This is available in both desktop and mobile versions, and both are equally as robust and usable. Through the MT4 app, you can access more than 30 technical indicators and a whole range of account management features, in addition, to live news feeds. While it would be good to see them develop their in-house trading platform, the reputation of the MT4 platform is so high it doesn’t matter in the end.

Customer Service

Rating

When it comes to the reputation of online brokerages, the level and quality of customer service on offer can be a make or break point for a brokerage. Customer support is available through live chat, email, or by phone. Importantly, customer support is available in several supported languages, which is excellent considering their customer base is mostly international. With that said, and as is the case with many online brokers these days, the customer’s reviews do seem to be somewhat mixed. Some users praise the knowledgeable and responsive customer support; while others accuse them of being difficult to get in contact with and not particularly helpful. As such, you might have to take more negative reviews with a pinch of salt.

Final Thoughts

Overall, FXPrimus seems like a reliable forex broker. If you go for the ECN account type, the spreads are very competitive across a wide variety of currency pairs and instruments. The trading conditions are generally pretty fair, and while there is no proprietary trading platform on offer, the MT4 trading platform is more than capable of handling whatever it is you want to trade. Although FXPrimus don’t do anything particularly left of field to differentiate themselves from their similarly sized competitors, they don’t necessarily do anything wrong that would make us hesitant to recommend them.

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