FxPrimus Rebates FxPrimus Review
Trade more than 6,000 markets without commissions and professional platforms. The secure back office of FXPrimus handles all financial transactions, where traders have access to ten payment processors. FXPrimus does not really have any unique features, as it focuses on a competitive core trading environment, which I believe it has achieved with its Primus Zero account. One of the most ignored trading costs is swap rates on leveraged overnight positions.
The MetaTrader4 platform has been chosen as the broker’s primary trading platform, and there are versions available for Windows, Mac, Android, iOS devices and the MT4 Platform Web Trader. MT4 for Windows and Mac Tablet, Mobile, and Webtrader connects to your online trading platform fast and efficiently, resulting in a high rating in this category. The safety of investors and compliance with established standards are accomplished in various methods.
FX Primus Scam?
At the time of writing, the Primus Global Ltd entity, regulated by the Cyprus CySEC, does not offer cryptocurrencies CFDs for trading. For these reasons, FxPrimus clients’ funds are kept in top-tier international banks, such as the Hellenic Public Bank, fully segregated from the company’s funds. You can top up your deposit via international bank transfer, debit / credit cards and e-wallets Skrill, Neteller, Bitpay, Fasapay, UnionPay and others. FxPrimus also offers PAMM accounts alternatives for money managers. RKH Specialty Limited is authorised and regulated by the UK’s Financial Conduct Authority in respect of general insurance business.
In simple terms, if an investor wants to buy a security, they will sell it, and if an investor wants to sell a security, they will buy it. When registering a live account with this entity, Indonesian residents will also be able to claim the attractive bonuses offered by the broker, but with a slight difference. FxPrimus does not charge any deposit fees and funds deposited with cards and e-wallets are available within minutes on the trading account. A FxPrimus demo account is 100% risk-free and the funds ($50,000 by default) are virtual – including both winnings and losses, of course. When working with a trustworthy rebate provider, there is no ‘catch’. It is more beneficial to a trader’s financial position to work with a rebate provider than solely with the forex broker.
What is FXPrimus?
Also, with a minimum deposit of 500 USD, eligible traders can claim a 100% bonus, up to a maximum of $10,000, plus up to $4 cash back for every lot traded. The bonus can be used to trade forex, commodities, energies, indices and cryptocurrencies. Click the “Demo Accounts” tab and then click the “CREATE DEMO ACCOUNT” button to activate a new demo account. Next step, users will have to download the trading platform and log in. Currently, FxPrimus trading accounts are available in USD, EUR, GBP, SGD, HUF and PLN – subject to the contracting entity and the traders’ geographical location.
The ones who want advanced options can choose from cTrader and Platinum API. In addition, useful trading tools such as PAMM accounts and VPS service provide investors with many benefits. I would compare the brokers platforms to what you will find with RoboForex as an alternative option. I like the trading environment at FXPrimus for high-frequency traders fxprimus review in the Primus Zero account, which offers highly competitive trading conditions. The asset selection is small but suits traders who require few but liquid assets, while FXPrimus provides MT4, MT5, and cTrader. Only MT4 is available for the Primus Zero account, where this broker ranks among the leading providers amid high leverage and low costs.
FXPRIMUS offers 130+ trading instruments over multiple asset classes such as forex, cryptocurrencies, commodities, indices, futures, options, bonds, and indices. The market manager tool allows you to monitor real-time market rates and your trading positions without having to access your trading platform. Furthermore, all customers are trading with Negative Balance Protection ensuring they will never suffer any losses that exceed the balance of your account. As an additional measure of protection, FXPRIMUS has implemented a €2.5 million client fund insurance policy, which is available to any client at no cost. Additional regulatory oversight is provided by other jurisdictions, such as the FSCA , making it reasonably simple for residents of South Africa traders to participate in the trading market there.
The users can access the MT4 mobile trading platform to access their accounts on mobile to start their trading whenever they are away from their laptops. Thus, mobile trading plays a vital role in facilitating the users of FXPRIMUS. To excel in trading, one has to be good at charting and analysis goes hand in hand. Keeping in mind the importance of charting and analysis FXPRIMUS has launched the system of educating its users through the variety of tools offered by its platform. The technical analysis is done through charting by the use of various indicators and techniques. Thus, it provides a great sense of charting and analysis to its users.
The counterparty for Indonesian residents will be Primus Markets INTL Ltd, regulated by the Vanuatu Financial Services Commission . Indonesian residents will not able to open a trading account with Primus Global Ltd, regulated by the CySEC. FxPrimus’s rewards investors with a higher trading equity and the pricing of its VIP ECN account is slightly better than the pricing offered by other players in this industry. The starting spread for the most popular cross, the EUR/USD pair, on the Micro and Variable accounts is 1.4 pip, commission-free.
FXPRIMUS is a globally recognized online trading brokerage with a strong emphasis on providing a safe and secure online trading environment. The brokerage provides traders with an entire suite of sophisticated trading platforms and unparalleled access to the tradeable financial markets. Traders at FXPRIMUS benefit from favorable trading conditions coupled with low and competitive spreads and commissions.
It provides safety to its users through negative balance protection and by keeping users’ funds in segregated accounts. Along with this, it also provides an audit of client funds and a third-party monitoring system to ensure the withdrawal swiftly. I rank trading costs among the most defining aspects when evaluating an exchange, as they directly impact profitability. FXPrimus offers traders commission-free Forex trading with either spreads or a highly competitive commission-based alternative. No, FxPrimus is not a fixed spread broker, rather a variable spread broker, offering floating spreads on all of its trading accounts. The Micro and Variable accounts have floating spreads, for the major currency pairs, starting at 1.4 pip, with an average of 1.6 pip, without trading commissions.
- They use MetaTrader 4, one of if not the most popular platforms present.
- All client funds are kept separately from the company’s funds in special segregated accounts, and are also protected in case of bankruptcy of the broker.
- The online platform serves locals and international traders in Forex trading and Social trading.
- There is a generous selection of educational content for beginners and free demo accounts if you want to get a feel for what they have to offer without taking any risk.
This is an exciting option offered by some of our top brokers. Paid direct to brokerage account Cashback is credited directly to the trader’s brokerage account, typically between 1-7 days after the trade is closed. This is another exciting options offered by some of our top brokers. In the case of the ‘Monthly cash back’ rebate option, monthly payments can be paid via bank wire, Paypal, Skrill, Sticpay, China Unionpay, and Neteller. Some payment methods such as bank wire carries fees and often traders set a custom minimum payment amount in order to accumulate rebates and withdraw their rebates less often than monthly.
With the NBP mechanism, customers of FxPrimus are protected from any losses bigger than their original investments, in cases of extreme market volatility. А decent broker, the conditions are good, often better than other brokers provide. Before choosing a broker, we recommend that you read the reviews of FXPrimus, as well as see our rating of Forex brokers. Please note that trading conditions may differ from the broker’s jurisdiction and the country of your residence. FxPrimus is an online Forex and CFD broker with registered offices in Cyprus, Vanuatu and South Africa. FxPrimus broker accepts clients from all over the world with the exception of the USA, Australia, Belgium, France, Iran, Japan, North Korea and some jurisdictions from the OFAC list.
As we’ve mentioned before, please consider the entire FXPrimus review. Also, make sure to find additional information on the broker. Spot energies – You’ll also be able to invest in crude oil, natural gas, and others.
Regulations and Money Protection
The FxPrimus MT4, in addition to allowing users to trade forex, also supports trading of futures, indices, equities and other CFD transactions. The FxPrimus MT4 is the perfect solution for all traders because of its user-friendly interface, advanced charting features, technical analysis tools and automated trading capabilities. Please note that to open a demo account, traders do not need to upload any verification document to FxPrimus, unless they are ready to open a live account. To benefit from the lower spreads of the ECN type accounts there’s a cost, meaning commissions. For the same example, the EUR/USD, the standard lot commission for 1 lot is 10 USD (5.00 USD per side, per lot), or the equivalent on the trader’s account currency.
I also want to caution beginner traders against using a demo account as an educational tool. It creates unrealistic trading expectations, and the absence of trading psychology negates the educational value. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.
Is My Money Safe With FXPrimus?
FXPrimus does offer a free demo trading account for beginners to start training in a 100% risk-free environment. The FXPrimus Demo Account can be set as non-expiry on request. Starting trading is always a confusing and complicated part of the trading journey of new traders. However, FXPRIMUS has made this step easy as a piece of cake. Opening an account is just a few steps always to step into the trading world.
The charges of a standard account are five times greater than that of some famous firms such as ROinvesting which allows trading at $100. Even if we talk about a VIP account, the experienced trader will also find it hard to pay the huge amount of $10000. FXverify website, FxPrimus user reviews by verified traders with a live account, reviews page. Primus Global Ltd is a member of the Cyprus CySEC Investor Compensation Fund . The ICF is an investor compensation fund for retail clients of CIF registered financial firms, and its functions are regulated by the directive DI87-07 of the CySEC.
Additionally, all client funds are held in secured and segregated bank accounts and all transmitted data is safe and secure thanks to advanced SSL encryption technology on all transmitted data. It is a professional platform that has different types of accounts with different features. Along with a demo account, the FXPRIMUS platform has a very https://forexbroker-listing.com/ competent team behind the project. FXPRIMUS has a very vibrant support team to assist the users. Thus, FXPRIMUS is a great platform that is easy, secure, and diverse platform trading. We do not give this broker a full star rating because only the MetaTrader 4 is offered and the spreads are a little bit higher than with popular competitors.