CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FX Primus

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Home » Reviews » FXPrimus

FXPrimus Review

FXPrimus is a forex trading platform. They provide traders with access to key markets such as currencies, indexes, commodities, and stocks.

Pros

  • Segregates client funds
  • Established in 2009
  • Regulated by CySEC, MiFID
  • Min. deposit from $100

Cons

A minimum deposit of $100 is required to establish a live account. Alternatively, FXPrimus provides a demo account that you may use to practise and become familiar with their platform. 

Regulated by CySEC (Licence: 261/14), FXPrimus keeps all customer funds in a separate bank account and works with tier-1 institutions to do so. FXPrimus has been in business since 2009 and has its headquarters in Cyprus.

Before we get into the specifics of FXPrimus’ spreads, fees, platforms, and trading tools, you may want to open their website in a new tab by clicking the button below to get the most up-to-date information straight from them.

VISIT FXPRIMUS

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

What are FXPRIMUS’s spreads & fees?

Like most brokers, FXPRIMUS takes a fee from the spread, which is the difference between the buy and sell price of an instrument.

The commissions and spreads shown here are based on the FXPrimus website’s minimum spreads.

ForexFXPRIMUSCity IndexXTB
EUR/USD(Average: 0.7 pips)0.5 pips0.7 pips0.1 pips
GBP/USD(Average: 1.1 pips)1.0 pips1.7 pips0.1 pips
USD/JPY(Average: 1.1 pips)0.6 pips0.6 pips0.1 pips
AUD/USD(Average: 0.8 pips)1.1 pips0.6 pips0.2 pips
USD/CHF(Average: 2.3 pips)1.1 pips2.3 pips0.2 pips
USD/CAD(Average: 2.9 pips)1.1 pips0.5 pips0.3 pips
NZD/USD(Average: 3.6 pips)1.3 pips 2.8 pips0.3 pips
EUR/GBP(Average: 2.4 pips)1.3 pips0.5 pips0.1 pips

As you can see, the minimum spread for trading EUR/USD at FXPrimus is 0.5 pips, which is relatively low when compared to the average EUR/USD spread of 0.70 pips. The table below compares the costs of trading one lot of EUR/USD with FXPrimus to similar brokers.

SEE ALL SPREADS

How much does FXPrimus charge to trade 1 lot of EUR/USD?

If you bought one standard lot of EUR/USD (100,000 units) with FXPrimus at an exchange rate of 1.1719 and sold it the next day at the same price, you would most likely pay $3.1. Here is a general breakdown of the fees and how they compare to IG and XTB.

FXPrimusIGXTB
Spread from:$ 5.00$ 6.00$ 2.00
Commission:$0.00$0.00$0.00
Total cost of a 100k trade:$ 5.00$ 6.00$ 2.00
$1 more$3 less
VISIT FXPrimusVISIT IGVISIT XTB

All fees/prices are for informational purposes and are subject to change.

What can you trade with FXPrimus?

FXPrimus offers over 125 different trading instruments, including over 43 currency pairs. Below, we’ve summarised all of the different types of instruments provided by FXPrimus, as well as comparisons to the instruments provided by IG and XTB.

FX / CurrenciesFXPrimusIGXTB
# of forex pairs offered439048
Major forex pairsYesYesYes
Minor forex pairsYesYesYes
Exotic forex pairsYesYesYes
Cryptocurrencies*NoYesYes
Commodity CFDsFXPrimusIGXTB
# of commodities offered03421
MetalsYesYesYes
EnergiesYesYesYes
AgriculturalNoYesYes
Index & Stock CFDsFXPrimusIGXTB
# of stocks offered6080001606
UK sharesYesYesYes
US sharesYesYesYes
German sharesNoYesYes
Japanese sharesNoYesYes
SEE FXPRIMUS’S INSTRUMENTSSEE IG’S INSTRUMENTSSEE XTB’S INSTRUMENTS

What’s the FXPrimus trading experience like?

1) Platforms and apps

FXPrimus is among the few brokers that provides both the MetaTrader 4 and MetaTrader 5 platforms. To discover how the two systems differ, check out our MT4 versus MT5 comparison. Traders may trade with their preferred device thanks to the mix of downloading platforms for both Mac and Windows.

They now provide mobile apps for Android and iOS, making it simpler to monitor and execute trades while on the go.

SEE FXPRIMUS’S PLATFORMS

Still not sure?

Open a practice account & learn to trade

2) Executing Trades

FXPrimus allows to perform a 0.01 Lot trade. This may differ based on the type of account you establish. They allow you to conduct a maximum of 80 lot trades. Because FXPrimus provides ECN and STP execution, you may anticipate incredibly narrow spreads and greater transparency into the price you pay to execute your transactions.

FXPrimus, as a market maker, may have lower entry criteria than an ECN. A broker who benefits from a higher number of trades and has higher capital and minimum trading requirements. Market makers generally have a lower minimum deposit, lower minimum trade requirements, and no trading commission.

As an added benefit, FXPrimus is one of the few brokers who claim no requotes, so you won’t have to worry about slippage (your trades being ordered at a different price to what you executed them at).

Margin requirements, like those of other brokers, vary based on the trader, account, and instrument. The most recent margin requirements may be seen on their website.

Finally, we’ve included a list of some of the most popular funding options available to FXPrimus traders below.

Trading Features:

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

Accounts offered:

  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Managed account
  • Islamic account

Funding methods:

  • Credit cards
  • Bank Transfer
  • Payoneer
  • Neteller

3) Client support

English, Spanish, Indonesian, Chinese, Thai, Vietnamese, Hungarian, and Malaysian are among the languages supported by FXPrimus.

4) What you’ll need to open an account with FXPrimus

Because FXPrimus is regulated by CySEC and MiFID, every new customer must go through a few simple compliance checks to confirm that you understand the risks of trading and are permitted to trade. When you establish an account, you will most likely be asked for the following information, so have it handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You’ll also need to answer a few basic compliance questions to prove your trading expertise, so allow at least 10 minutes to finish the account opening procedure.

While you may be able to explore their site immediately, it is essential to know that you will not be able to execute any trades until you have passed compliance, which can take several days depending on your situation.

To start the process of opening an account with FXPrimus you can visit their website here.

FXPrimus

Open a demo account

79% of retail investor accounts lose money when trading CFDs with this provider.

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