CTrader is designed to cater to more experienced traders, offering sophisticated tools and features for efficient and streamlined trading. This platform is available on desktop, mobile, and as a web-based application, ensuring accessibility across various devices. FXPrimus is a reputable online forex and CFD broker with its headquarters located in Cyprus, Europe.
The support from FX primus and…
You need to upload a proof of your identity (Photos of your passport, ID card, or driving license will work), and proof of your residence (you can use your utility bills or bank statements). When trading crypto CFDs, traders do not have to worry about storing digital coins and cashing out, as profits are added to the trading balance, eliminating the need for crypto wallets. These are the Standard, Premium and VIP accounts with a $500, $2,500 and $10,000 minimum deposit, respectively.
After account verification, you can begin trading immediately after funding your account. ✅Click the “Open Account” button, then fill out the online form with your personal information. This contains your full name, email address, phone number, and country of residence. Moreover, through its investment in technology, the broker enhances the safety of trading practices.
FXPrimus trading platforms and tools
These resources can help traders make more informed decisions by providing valuable insights into market conditions, upcoming events, and potential trading opportunities. WebTrader offers essential trading features, such as real-time quotes, charting tools, and order management capabilities, accessible directly from a web browser. Among their notable accolades, FXPrimus was honored with the ‘Most Trusted Broker’ award at the 2015 MENA Forex Show, highlighting the company’s dedication to establishing and maintaining trust with its clients. PrimusPRO account caters to a diverse group of traders, encompassing retail and professional individuals seeking ECN-like trading conditions. This account commences with spreads as low as 0.3 pips on major currency pairs and incurs a cost of $8 to $10 per round lot traded.
While FXPRIMUS mainly started as a Forex broker, this niche selection of CFDs is also popular among traders. Major and minor currency pairs are in abundance, and, if you wish to cross over to other instruments, you may also trade indices, stocks or commodities via CFDs, using the same account, which is ideal. FXPrimus has mainly focused on Forex markets, offering a great selection of different currency pairs. There are 6 major currency pairs, 21 cross currency pairs, 3 minor currency pairs and a dozen different exotic currency pairs. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency.
IC Markets Global
They provide a variety of account options, including PrimusCLASSIC, PrimusPRO, and PrimusZERO, catering to both beginners and professional traders. I like the Primus Zero account, as it offers high leverage and a very competitive commission-based pricing environment with raw spreads of 0.0 pips for a commission of $5.00. The minimum deposit requirement is $1,000, but I think it is well worth it for high-frequency traders.
- However, based on our research, all the instruments offered are mainly CFD-based, which limits the chances for traditional investments.
- The broker’s MT4 platform supports Forex, Futures, Indices, Equities, and other CFD instruments.
- The cTrader platform provides advanced trading features such as level II pricing, one-click trading, and rich charting tools.
- Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com.
- All three may provide services to Primus Global and Primus Markets INTL, the Vanuatu subsidiary.
- FXPrimus provides 24/5 customer support, ensuring traders have access when financial markets are open.
The broker has a great trader’s army of over 300K traders, and a presence in more than 140 countries, which ensures extra accessibility worldwide. The good thing about FXPrimus, is that the broker is consistent in its development and expands its services constantly. The broker is also transparent in its practices, providing a safe and well-regulated environment to its clients. On the negative side, the product offering is rather narrow and is based on Forex and CFDs only, and spreads for currencies are rather high.
FXPrimus offers advanced trading tools such as charting software and an economic calendar, helping traders make informed decisions and analyze market trends effectively. Yes, FXPrimus offers a live chat feature that allows traders to receive immediate support from customer service representatives. FXPrimus offers a variety of educational resources, including Forex courses, webinars, articles, tutorials, and videos to help traders enhance their knowledge.
FXPrimus places a strong emphasis on education, offering advanced resources tailored to traders of varying experience levels. The broker’s educational initiatives include a mix of online materials, seminars, and webinars, aimed at enhancing trading skills and knowledge. The availability of comprehensive educational resources underscores FXPrimus’s commitment to trader success, earning a rating of 4.5 out of 5. These resources are designed to cater to both novice and experienced traders, ensuring a well-rounded educational experience.
Trustworthy Brokerage
Withdrawals are normally handled within 24 hours; however, wait periods may differ based on the method used. ✅Submit the request and allow time for processing according to your chosen crypto network. They follow market practice by imposing conversion fees in such cases to cover expenses incurred during the exchange process. Traders must take note of such costs since it could affect the profitability fxprimus review of any trades left open beyond one day, especially those extended over an extended period. With level II pricing displaying executable prices from liquidity sources, traders are relying on accuracy and benefit greatly from this openness.
It works well with any operating system and type of browser and requires only the internet to access the market. In terms of FXPrimus’s legitimacy and regulation, the broker operates under the brand name Primus Global Ltd. It is part of the FXPrimus Group, a global trading company with various representative offices. With its headquarters in Cyprus, the broker is authorized to provide services to European clients under the regulation of the Cyprus Securities and Exchange Commission (CySEC). The broker ensures investor protection through negative balance protection and account segregation, making it a reliable choice in the trading landscape.
The tools support all types of trading orders, MT4 Execution modes, and enable successful and versatile trading. One-click trading, 30 indicators, 24 graphical objects for technical analysis, and 9 timeframes. In addition, real-time quotes in Market Watch and detailed trading operations history make WebTrader a comprehensive and convenient solution for active traders. FXPrimus offers one account type – PrimusClassic, that is entirely spread-based, with no commissions added. For the PrimusPro account, the spreads are lower and start from 0.3 pips, yet the account also incurs fixed commissions.
- The average deposit processing time at FXPrimus is instant to up to 1 business day, depending on the method used.
- These promotions enhance the overall trading experience and create a sense of community among traders, as they can participate in competitions and benefit from various rewards programs.
- FXPrimus was established in 2009, positioning itself as a broker offering a wide range of platforms in the forex and CFD trading industry.
Forex
This accessibility allows potential clients to get answers to their questions, receive assistance in navigating the platform, and better understand the broker’s services before committing. This level of support must be available not only to existing clients but also to potential clients. FXPrimus offers limited trading resources and educational material for its clients. The primary source of information is accessible through the “Education” menu, which directs users to the FXPrimus blog. The Standard account is commission-free, making it an attractive option for beginners.
FXPrimus Regulatory Overview
The platforms are anchored around the widely acclaimed MetaTrader suite, which is accessible for both desktop and mobile trading. The broker’s commitment to the MetaTrader4 platform ensures compatibility across various devices, including Windows and Mac for desktop, as well as Android and iOS for mobile trading. Additionally, the MetaTrader Platform Web Trader offers seamless web-based access. FXPrimus provides access to over 200 trading instruments, including Forex, Commodities, Stocks, Energies, Indices, and Cryptocurrencies.