Founded in: 2009
Headquarters: Ebene, Mauritius
Maximum leverage: 1:500
Minimum deposit: $250
Minimum lot size: 0.01
Languages available: English (but MT4 platform is available in 28 languages)
Regulation: FSC Mauritius
Trading Platform
FXPRIMUS uses the MetaTrader 4 platform, which is a very good platform for both novice and experienced traders. With the exception of some slow executions, we found that the platform worked quite well. Unlike the MT4 platform offered by Windsor Brokers, the platform offered by FXPRIMUS is automatically populated with some of the more common currency pairs, but we were able to easily switch between the broker’s 43 pairs as desired.
The brokerage also offers mobile trading capabilities which weren’t tested during our review. Likewise, Apple users can download the FX-onTap application for free from the Apple store. Although we didn’t try these services personally, we have every reason to believe that it works as efficiently as the downloadable platform.
Headquarters: Ebene, Mauritius
Maximum leverage: 1:500
Minimum deposit: $250
Minimum lot size: 0.01
Languages available: English (but MT4 platform is available in 28 languages)
Regulation: FSC Mauritius
Trading Platform
FXPRIMUS uses the MetaTrader 4 platform, which is a very good platform for both novice and experienced traders. With the exception of some slow executions, we found that the platform worked quite well. Unlike the MT4 platform offered by Windsor Brokers, the platform offered by FXPRIMUS is automatically populated with some of the more common currency pairs, but we were able to easily switch between the broker’s 43 pairs as desired.
The brokerage also offers mobile trading capabilities which weren’t tested during our review. Likewise, Apple users can download the FX-onTap application for free from the Apple store. Although we didn’t try these services personally, we have every reason to believe that it works as efficiently as the downloadable platform.
Ease of Use
FXPRIMUS makes it easy for Forex traders to find their way by dividing their site into sections for new traders, experienced traders and premier traders. Although we found that these sections were relatively similar since they all used the same trading platform, there’s no question that the principle information in each section was tailored to what traders at different skill levels might need.
Registering for FXPRIMUS was entirely standard, and depositing money can be done via multiple channels including Moneybookers, wire transfer and credit card, all of which were convenient. Accounts can be funded in USD, EUR, GBP, and SGD based accounts. Identification documents will be required in order to have the account activated.
Withdrawing money should take about 1 day, which is faster than many other brokers.
FXPRIMUS makes it easy for Forex traders to find their way by dividing their site into sections for new traders, experienced traders and premier traders. Although we found that these sections were relatively similar since they all used the same trading platform, there’s no question that the principle information in each section was tailored to what traders at different skill levels might need.
Registering for FXPRIMUS was entirely standard, and depositing money can be done via multiple channels including Moneybookers, wire transfer and credit card, all of which were convenient. Accounts can be funded in USD, EUR, GBP, and SGD based accounts. Identification documents will be required in order to have the account activated.
Withdrawing money should take about 1 day, which is faster than many other brokers.
Features
There were several useful features that we noted during our trial of FXPRIMUS. Firstly, the company serves as both an STP brokerage and an ECN broker, depending on the preferences of the trader. Equally convenient is the fact that FXPRIMUS offers deposits locally in 53 countries.
FXPRIMUS also offers the unique ability to withdraw money via a prepaid Mastercard, which is an excellent way to reduce fees and waiting time.
Finally, we were impressed with the security offered by the brokerage, which ensures that even if the brokerage fails (which we don’t anticipate, of course), the traders’ money will still be accessible.
Customer Service
Most Forex brokers claim to offer reliable customer support, but FXPRIMUS is one that truly makes good on this commitment. In our test of the company’s customer service, our email inquiry received a response in only 5 minutes, by far the fastest time of any of our trials. The company also offers live chat 24/5 and a phone number that you can call if you desire.
There were several useful features that we noted during our trial of FXPRIMUS. Firstly, the company serves as both an STP brokerage and an ECN broker, depending on the preferences of the trader. Equally convenient is the fact that FXPRIMUS offers deposits locally in 53 countries.
FXPRIMUS also offers the unique ability to withdraw money via a prepaid Mastercard, which is an excellent way to reduce fees and waiting time.
Finally, we were impressed with the security offered by the brokerage, which ensures that even if the brokerage fails (which we don’t anticipate, of course), the traders’ money will still be accessible.
Customer Service
Most Forex brokers claim to offer reliable customer support, but FXPRIMUS is one that truly makes good on this commitment. In our test of the company’s customer service, our email inquiry received a response in only 5 minutes, by far the fastest time of any of our trials. The company also offers live chat 24/5 and a phone number that you can call if you desire.
Final Thoughts
Although it is a relatively new broker, there’s no question that FXPRIMUS is angling to take the Forex world by force. With sensitivity to the trader’s financial and emotional needs, FXPRIMUS offers tremendous convenience and a thoroughly enjoyable trading experience for those who are interested in using the MT4 platform.
Although it is a relatively new broker, there’s no question that FXPRIMUS is angling to take the Forex world by force. With sensitivity to the trader’s financial and emotional needs, FXPRIMUS offers tremendous convenience and a thoroughly enjoyable trading experience for those who are interested in using the MT4 platform.
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Thank you for the review. How about armada markets ? I heared it has the lowest spread
ReplyDeleteHi Uncle Gob,
ReplyDeleteia m not sure about armada markets... but what i can say is i have no issues when i am withdrawing from FX primus... :) i am happy with it...
The last thing you want is a broker that give you a hard time withdrawing your money..
Hedging - Protection from fluctuating currency pairs which is derived from trading goods and servicesforex trader
ReplyDelete