FXPRIMUS Review (2023)

1:30 | 1:200
Min Deposit


Primus Markets INTL Limited - VFSC No.14595
Primus Africa (Pty) Ltd - FSCA No.46675

What is FXPrimus?

FXPRIMUS is regulated by various jurisdictions online trading providers, which strives to deliver a safe environment with the best execution speeds combined with innovations and numerous rewards recognizing FXPrimus as the best Forex provider to their traders. The broker established its offices in Vanuatu, along with a Forex Broker in Cyprus, South Africa and other countries around the world to cover the global needs of their clients.

FXPRIMUS is actually operating as of the FXPrimus Group through three main brands, while clients may benefit from deep liquidity, provided by international top-tier banking institutions available anywhere in the Forex.

FXPrimus Pros and Cons

FXPrimus is a trusted brokers with top regulations including CySEC and FSCA South Africa (Read the FSCA Regulated Avatrade Review). FXPrimus provides professional education and great research suitable for beginners, is one of the largest broker in South Africa, there is a selection of trading platforms and all trading styles are accepted.

On the negative side product offering is based on Forex and CFDs.

10 Points Summary
🏢 Headquarters Vanuatu
🗺️ Regulation CySEC, FSCA, VFSC
🖥 Platforms MT4
📉 Instruments Forex and CFD products, Cryptocurrency, Indices, Commodities
💰 EUR/USD Spread 1.7 pips
🎮 Demo Account Available
💳 Minimum deposit 100$
💰 Base currencies Various base currencies
📚 Education Free education, Webinars, Seminars and Financial EXPOs
☎ Customer Support 24/5


One of the great offerings from FXPrimus is its established one of the safest and rewarding online trading environments with costs starting as low as from 0 pips. While overall, FXPrimus numerous achievements along with the advanced trading conditions were recognized by world traders over 100,000s and global publications as well. These awards including titles such as Best Forex Broker Europe 2019 by FxDailyInfo Awards, Most Trusted Broker Asia by Global Brands Awards and more.

Is FXPrimus safe or a scam

No, FXPrimus is not a scam, it is authorized broker also provides Professional Indemnity insurance up to 2.5m EUR for low risk Forex and CFDs trading.

Is FXPrimus regulated?

In terms of FXPrimus legit status and regulation it follows, since it is a brand name used by Primus Global Ltd previously known as FX Primus Europe (CY) Ltd, and is a part of FXPrimus group a global trading company with various representative offices. Due to its headquarter in Cyprus broker is authorized to provide services to European clients as per the Cyprus Securities and Exchange Commission CySEC regulation.

In addition, FXPrimus is regulated by other jurisdictions with the license from FSCA (South Africa), which allows residents from South Africa and international traders to join trading relatively easily. Besides, FXPrimus serves entity and authorized by the VFSC (Vanuatu), which is an offshore license that in fact does not demand strict and necessary safety measures.

In case the company is solely offshore we do not recommend trading or trusting those firms, however since FXPrimus is a European broker and due to its multiple follow of Forex guidelines FXPrimus is considered to be a safe trading environment.

FXPrimus entity Regulation and License
Primus Global Ltd Regulated by CySEC (Cyprus) registration no. 261/14
Primus Markets INTL Limited Authorized by VFSC (Vanuatu) registration no. 14595
Primus Africa (Pty) Ltd Authorized by FSCA (South Africa)  registration no. 46675

Is FXPrimus legal in Malaysia?

FXPrimus does not have a legal entity in Malaysia, nor regulated by the local authority that regulated financial firms Bank Negara Malaysia BNM. It does not mean that if you are a trader from Malaysia you cant open an account with FXPrimus, the broker has Vanuatu entity which accepts clients from all around the world. It simply means that you will open an account with a company not particularly regulated in Malaysia.

It may seem misleading at some point, however FXPrimus has the reputation of a safe broker therefore the choice is always your whether to take a trading risk or not.

How are you protected?

The investors’ protection along with compliance to the set rules performed in numerous ways since obliges broker strictly to keep money in segregated bank accounts and make sure they are always protected. These rules are also monitored and audited by the regulatory bodies, which we recall to your attention again why regulated broker considered safe and eventually the only recommended brokers.

Moreover, all clients trading under Negative Balance Protection so that you will never incur any losses that exceed the account balance. As an added safety measure, FXPRIMUS has also introduced a client fund insurance of €2.5million, which is offered for free to all clients.


Leverage is the tool by which you may trade a large amount of money, due to its capability to increase your initial balance for a certain number of times, which is defined by the instrument as well as regulated also. Leverage may magnify your exposure to markets, yet the probability of profits or losses increases in parallel, which makes it essential to learn how to use leverage smartly.

Obviously, FXPrimus being a regulated broker offering leverage levels that are determined by the regulatory restrictions each authority impose. Simply it means you should verify with company customer service first which level you entitled to use, as it may be defined by your residence in the country or another. It is also a fact that you may choose under which entity to open an account, yet verify this with FXPrimus firstly as well.

  • Trading with European FXPrimus under CySEC and MiFID guidelines the maximum leverage level is set to 1:30 for Forex instruments
  • South Africa entity and traders may exposure to leverage of 1:200 for currency pairs and lower for other instruments
  • A global entity of FXPrimus based in Vanuatu enables you to trade with high leverage up to 1:300

Account types

The account types offered by FXPrimus also reflect its strive to manage the need of both beginning traders, those that require specified conditions and professionals.

Multiple account options offered by FXPrimus allowing you to access trading and markets with variable spreads and access to trade all range of its offered instruments. Besides you will trade with competitive spreads and no commission fee basis along with access to unlimited use of educational and research materials, which we will see in detail further in our FxPrimus review.

Pros Cons
Multiple Account options including ECN and Variable Spread Account, Islamic Accounts None
Fast Account Opening, fully Digital
Demo Account
Low Minimum deposit
Free deposit

Account Types

The FXPrimus accounts offered including both Live Account and Demo accounts available for your practise or familiarization with a platform. While account types are divided by the investment size, where obviously the spreads will become lower as long as you trade with higher account grade. Besides, you may access the Micro Account trading option through the possibility to trade Micro lots. Here find more brokers offering micro accounts.

Also, Premium Account entitled to additional services like weekly informative financial trading seminars and offered with lowest spreads.

Thus the Variable Account also known as Standard Account requires – 1000$, FXPrimus ECN Premium Account – 2,500$ and VIP Account – 10,000$, which also may vary according to the entity of FXPrimus you trade with.

Moreover, there is a possibility to request Islamic Account known as Swap-free account that traders of Islamic faith to enter the trading process with no swap charges or spread widening.

How do I create a Forex Demo account?

So in order to create a Demo Account, which is a great and necessary option for your practice before you jump to Live trading you simply should follow the next steps.

Further on, and once you’re ready you can proceed with necessary verifications of your identity and open already Live Account with all the benefits offered by FXPrimus.

Opening Demo account step by step

1.       Access FXPrimus Sign In page

2.       Enter your personal data First and Last Name, Country of residence, email, phone, etc. Also, you may follow with Facebook or Google existing account.

3.       Get access to your trading area through verification received by email

4.       Once you ready you may activate Live trading through preference selection in your client area

Trading Instruments

With FXPrimus you’ll get access to trade over 120 Instruments including Forex, Commodities, Stocks, Energies, indices, and cryptocurrencies. Even though at some point trading instruments may seem limited if compare with other brokers, there are still enough popular trading instruments to diversify your portfolio especially considering good cost wide offered by FXPrimus, which we will cover further in our FXPrimus Review.

FxPrimus Markets compared to similar Brokers

It is also good to compare FXPrimus to other industry offerings, so in the table below you may see available assets and instruments.

  FXPrimus FXTM XM
Forex 44 57 57
Indices 13 11 18
Commodities 7 6 15
Cryptocurrency 7 4 5
Shares 65 174 1294


FXPrimus Fees charged while all trading styles are welcomed at FXPrimus, based on tight spread conditions and quite competitive trading costs with spreads of 0.1 pips with no commission. Or if you select an option to trade through ECN connection with raw spreads you’ll be charged a commission of 10$ per lot.

In addition, you should always consider other fees like non-trading fees, withdrawal fees which we will see in detail further.

An overview of the Non Trading Fees

These fees should be considered by you also, typically brokers do charge accounts in case there is no activity for a period of six months or more, known as FXPrimus Inactivity fee.

Despite this, FXPrimus covers your charges for deposits or withdrawals, which we will cover further in our FXPrimus review.

Fees FXPrimus Fees FXTM Fees AvaTrade Fees
Deposit fee No No No
Withdrawal fee No No No
Inactivity fee Yes Yes Yes
Fee ranking Average Average Low


FXPrimus Forex fees we find that FXPrimus fees for Standard account are rather high among the industry for currencies but very good offering for Cryptocurrency, as well as Commodities.

ECN account fees are quite pleasant for all instruments along with a commission charge per lot, see snapshot below. As an example, you may refer to the comparison table and see typical FXPrimus spread and other popular CFD Brokers, as well you may see trading conditions of another popular broker FP Markets.

Asset/ Pair FXPrimus Spread FXTM Spread AvaTrade Spread
EUR USD Spread 1.7 pips 1.5 pips 1.3 pips
Crude Oil WTI Spread 5 pips 9pips 3 pips
Gold Spread 26 9 40
BTC USD Spread 26 20 0.75%

FXPrimus rollover

Besides, always consider rollover or overnight fee as a cost, charged on the positions held longer than a day and determined by the direction you trade selling or buying and is differential between bids. Alike if you trade GBP USD pair swap is 2.0485 if you going short and -12.282 for a long position.

Deposits and Withdrawals

FXPRIMUS offers a great range of convenient funding solutions to its clients across the globe, allowing to fund their account with trust, safety and confidence. However, always make sure to verify according to your residence and entity of FXPrimus what conditions and methods are applicable to you.

Deposit Methods

The deposit may be performed via numerous ways while in addition, FXprimus rewards clients with coverage of the fees and charges. Yet, always check carefully with your payment provider in case any fees will be waived due to its own policies.

As for the methods themselves, you may use

  • Bank transfers
  • Credit card payments along with the possibility to issue FXPRIMUS MasterCard that allows an easy transaction with a minimum deposit of 100$
  • E-wallets including alike Neteller, Skrill, giropay, bitpay, unionpay, webmoney and many more

FXPrimus minimum deposit

The minimum deposit is 1000$ in order to open a Standard Account. However, the minimum transfer amount is only 100$, so you may choose the appropriate method and number of funds you wish to transfer.

Thus the Variable Account also known as Standard Account requires – 1000$, FXPrimus ECN Premium Account – 2,500$ and VIP Account – 10,000$, which also may vary according to the entity of FXPrimus you trade with.

FXPrimus minimum deposit vs other brokers

FXPrimus Most Other Brokers
Minimum Deposit $1000 $500


FXPrimus withdrawals are free of charge, withdrawal methods are presented the same as deposits, also always verify before you withdraw money about its policies as due to some regulations withdrawal methods should be strictly the same as a deposit was done.

How do I withdraw from FXPrimus?

Once you decide to withdraw money from your FXPrimus account, you need to login to your account as a first step and submit a requirement. Eventually, these are the steps on how to withdraw money from FXPrimus

  1. Login to your account
  2. Go to Withdraw page through the Account area
  3. Select the desired withdrawal method and the amount you wish to take, click ‘Withdraw’
  4. Complete the withdrawal request with the required information
  5. Confirm withdrawal and Submit
  6. Monitor the progress through your Account

Trading Platforms

In order to trade available at FXPrimus 120+ instruments you are able to access all from one the most popular MetaTrader platform in the industry suitable for desktop or mobile trading.

Platform Ratings

Since the broker decided to mainstay at the MetaTrader4 there are available versions for Desktop Windows, Mac, Android and iOS mobile trading devices, also through MetaTrader Platform Web Trader.

MT4 On Windows & Mac for Desktop, Tablet, Mobile & Webtrader together with VPS Connect to your Trading Platform quickly and efficiently performing orders, which is definitely a great ranking.

Web Trading

Web trading platform is indeed a very useful tool for your trading as you simply should login to your account through any internet browser and enjoy FXPrimus platform capabilities. Since it uses MT4 design and layouts, WebTrader has a clean view, numerous tools and enhancement options all available for you, yet for comprehensive analysis and day trading, we will still recommend desktop version.

Pros Cons
Customer friendly design No proprietary platform
Good range of tools Relatively limited analysis
Does not require installation
Clear look

How to Place order

Placing an order is a quite simple process, as you may trade and open trade directly from the chart through a selection in the menu ‘Place Order’.

You should click on it, through the instrument chart you’re willing to trade and set the desired preferences either Market Order or Pending order, select necessary risk levels with stop loss and take profit. And you’re done, of course further on you have full control over your position and can either close the trade manually or adjust it, unless t hit some of your defined levels.

Look and feel

Desktop trading platform

However, if you’re a professional trader or require better capabilities of the platform desktop version for you is a must. You may choose the MT4 Desktop version either for Mac or Windows depending on your device and use its full capabilities.

With a desktop version you’ll get full access to numerous technical analysis, great chart capabilities MT4 famous for, as well as an option to automate your trading by the use of Expert Advisors or EAs. The platform has a clear view, very customer friendly and allows you to befit or get better from largely available education videos.

FXPrimus does not restrict trading styles, so you may use either scalping or hedging, along with social trading options which we will see more detailed further.


Indeed, MT4 is very popular and known for its powerful chart feature and range of comprehensive tools, as these capabilities may enhance the trading process dramatically. But also MT4 is a highly secure platform, which is together with the regulatory


In addition, trading with FXPrimus you may use its social trading capabilities together with PAMM Broker Facilitating relationships between World Class fund managers and Followers PLATINUM API With Fix Protocol. You may simply become a follower through a steps shows below, or in case you’re professional FXPrimus offers an attractive package, an option to gain bigger exposure to the markets, which you always can check out through its official website.

How to become Follower

Mobile Trading Platform

Definitely nowadays it is almost impossible to imagine trading without a mobile trading platform, as it allows you to monitor and stay updated with the situation whenever you are. FXPrimus MT4 Mobile platform also please us with a range of technical analysis and chart option features it offers, so you may customize already good design of the mobile platform.

Together with that almost all desktop or web platform capabilities remaining available including fee reports, social trading capabilities and advanced analysis tools.

Pros Cons
User friendly design, easy to navigate No face recognition login
Social trading capabilities
Technical analysis tools in the package

Alerts and notifications

SMS alerts and email alerts are another category and truly useful tools that are available at FXPrimus MT4 platforms, allowing you flexibility rather than sitting and watching charts continuously. You may select an instrument or a few, that you are watching and set specified levels the price reach, so you will receive notification directly to your phone or email once the price is there.

Customer Support

In terms of the Customer Support FXPrimus also strives to make you comfortable along all the process of account opening, trading and usual service. There are numerous supported languages, which are also covered by FXPrimus entities around the world.

You may refer to the support with any concern and count on a quality service while the support team accessible via Live Chat, International Phone Lines and email.


Along with comprehensive offering, the broker’s efforts went on engaging in targeted strategies through the advanced educational resources suitable for traders of different levels. Designed education allows better provision and quality online trading, which FXPrimus recognizes as an essential part of success.

Therefore, beginning traders are most welcomed, also coordinated Seminars around the world centers allowing the potential public to join trading as well.


So together with advanced learning materials, the company specialists delivering various Research tools and materials. Which includes news feeds available directly to the traders and helping with informed decisions throughout daily market outlooks, trading signals, videos, training sessions and tailor-made market reports.

Also, various trading tools, Economic Calendar ad Trading Calculators remaining at your disposal, while VIP clients may access Premium Trading signals and Platinum API on an exclusive basis. In addition, you may access immediate market updates with SMS Service, which is indeed very useful.


Overall, FXPRIMUS is a broker with a good range of instruments to trade, along with the choice of technological ECN solution connectivity and raw spreads. The traders of different size, strategy and expertise will be supported with education or various programs, initially small deposits to start or even to find a suitable trading account. We also like that beginning trader and seasoned professionals will find a suitable option for trading, and its great variety of trading tools covering most demanded and basic needs as well.


Molahleki Says:
At: 1 year ago

Hi there,

I would like to know if its possible to open a small trading account?

C Says:
At: 1 year ago

To trade with FXPRIMUS click this link and a dedicated account manager will reach you —
To create your account click this link –

Antony Ndlovu Says:
At: 1 year ago

I want to register but the the system requires Latin characters on the names entries and user names assist in that regard thank you

Alvin Says:
At: 1 year ago

hey Antony, yeah the system uses Latin characters only

At: 1 year ago

FXPRIMUS is the WORST BORKER in the world. I was IB in this company. The removed my 80% OF DIRECT CLIENTS from my IB List. NEVER EVER Trade or PARTNER the WWORST BROKER in the world. If some one need PROOF I will email them.

Terrell Bennett Says:
At: 1 year ago

hey is this true because I seen they were partnered with a prop firm called the trading capital

Alvin Says:
At: 1 year ago

again, anybody can say anything about everyone, where’s the proof?

FXPrimus Support Says:
At: 1 year ago

We are sorry to hear you have had a less than satisfactory experience with FXPRIMUS however we are unable to assist you without factual information, account details and dates of incident in order to investigate the issue. Kindly email us at to investigate the matter otherwise we will consider the comment inflammatory, defamatory and void of substance. With thanks, support team.