These user-friendly platforms offer a variety of trading activities, including hedging, scalping, and the usage of Expert Advisors (EAs), meeting the varying demands of traders throughout the world. Through Primus Forex, I’ve found a balanced platform that provides reliable market access and tools conducive to strategic trading, essential for serious traders. Established in 2009, FXPRIMUS has grown into a global presence, extending its reach across Europe, Asia, and Africa, amassing a trader base of over 300,000. Headquartered in Limassol, Cyprus, FXPRIMUS operates under the FXPrimus Group, encompassing three main brands.
How Do I Get Money Back From a Scammer?
- As a result, selecting the right trading platform like FXPrimus requires a deep understanding of the market, trading strategies, and platform functionality.
- However, it’s important to note that support services are not available on weekends, which could be a limitation for some traders.
- FXPRIMUS aims to simplify the funding process by eliminating deposit and withdrawal fees.
- Trading with FXPrimus involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing.
Also FXPrimus is regulated in its local jurisdictions including major financial regulators like VFSC (Vanuatu Financial Services Commission) (14595), CySEC (Cyprus Securities and Exchange Commission) (261/14). Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors’ deposits. FXPrimus has a reputation for efficient and reliable fund transfers, and adhere to the rules of the financial regulators they are regulated with. When you submit a withdrawal request, FXPrimus will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like FXPrimus, you can enjoy peace of mind and focus on your trading activities.If FXPrimus violate any regulatory rules their regulated status could be stripped. Trading Forex, CFD, Options, and other financial instruments carry a high risk of loss and are not suitable for all investors.
- It necessitates a minimal deposit of just $15 and does not entail any supplementary commissions.
- Mark has over 15 years of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities.
- It exclusively offers the gold trading platform and 10 different trading instrument pairs, which is why it is one of the most popular platforms.
- FXPrimus offers various funding payment methods listed in your FXPrimus dashboard if available in your region.
The support team is accessible through a variety of channels, including live chat, international phone lines, and email. Additionally, the global outreach is enhanced by the availability of support in numerous languages, facilitated by FXPrimus entities worldwide. The quality of customer support is notable, with FXPrimus earning a rating of 4.4 out of 5. However, it’s important to note that support services are not available on weekends, which could be a limitation for some traders.
CySEC gives them authority to work with EU clients, FSCA is South African regulation, and VFSC is an offshore Vanuatu regulation. This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. You can trade a wide variety of instruments with FXPrimus over 130 instruments in fact. This means FXPrimus are supervised by and is checked for conduct by the VFSC (Vanuatu Financial Services Commission) (14595), CySEC (Cyprus Securities and Exchange Commission) (261/14) regulatory bodies. ✅Traders may keep updated by reading market insights and analysis, such as daily market updates, economic calendars, and expert comments. Withdrawals are normally handled within 24 hours; however, wait periods may differ based on the method used.
Scammed by FXPrimus broker? What can you do?
The platform’s technical architecture caters equally to novice and experienced traders while wholeheartedly demonstrating their commitment to dispensing an effective yet secure trading infrastructure. They insure clients’ money up to 5 million euros, providing traders with unrivaled fxprimus review protection and peace of mind. As a member of the PRIME Group, they have grown over the years to become a global supplier of trading solutions, providing a diverse range of products and services to meet the requirements of traders worldwide.
🚀 Africa’s online trading industry is evolving fast—will you be at the forefront? 🌍
Furthermore, FXPrimus traders can use their risk management configurations. FXPrimus cTrader is a top-of-the-line multi-asset trading platform that provides advanced order types, charting tools, FXPrimus level II pricing, and fast execution. The FXPrimus cTrader platform’s intuitive dashboard is accessible from various devices, making it a state-of-the-art infrastructure for FXPrimus traders. Don’t be scared off by brokers like FXPrimus charging a minimum deposit to open a trading account.
Company Representative
This allows clients who may be struggling with trading strategies to benefit from the expertise of seasoned traders within the FXPrimus ecosystem. Overall, their commitment to client success and continuous improvement makes them a reliable and trustworthy broker. Customer service assistants can be accessed via email, live chat and direct phone line any time during market hours in your jurisdiction.
It saves traders by selling their assets and not going into loss beyond their investment money. FXPrimus is a brand of FXPrimus Group, an online trading company operating from several offices. Primus Global Ltd is licensed by CySEC and that gives them the authority to provide trading services to EU clients. Primus Markets INTL Ltd is regulated by FSCA, a South African regulatory body which makes this company legal for South African clients as well. Also, the company has the license provided by VFSC, regulation of Vanuatu, the country where their headquarter is.
In response to the deceit, the firm has initiated an internal investigation. The company said that any profits acquired throughillegitimate actions will be promptly retracted. In cases where commissionswere earned in connection with the scam, FXPRIMUS willnullify those commissions. According to FXPRIMUS, this incident serves as a reminder of the ever-evolving nature of financial fraud and the need forconstant vigilance and innovation in security measures.
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. Moreover, this broker offers negative balance protection as an essential feature for preventing customers from accruing debt beyond their account balances during unforeseen market changes. Trading in Forex involves a significant risk of loss and may not be suitable for every investor.
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. Another advantage for the safety of customers’ funds is the Professional Indemnity Insurance of up to 5 million euros. FXPRIMUS is a member of the Investor Compensation Fund (IFC) where clients’ funds are protected for up to € 20,000 but the company adds 5 million euros as indemnity insurance. Furthermore, the company works only with regulated payment providers together and the funds are managed in European banks.
A trust score is created using all the collected data.Although the website seems to have a very low rating, be aware that our algorithm is not perfect. Despite the network’s complex operations, FXPRIMUS’s analytical tools enabled the identification of irregularities and immediate response, preventing further exploitation. Addressing negative publicity, Georgiades has reaffirmed FXPRIMUS’ commitment to maintaining the trust it has built with its clients over the years. Online source intel on fxprimus.com, covering censored info, compliance risk analysis, and licensing details. Despite the network’s complex operations, FXPRIMUS’sanalytical tools enabled the identification of irregularities and immediateresponse, preventing further exploitation. Addressing negative publicity,Georgiades has reaffirmed FXPRIMUS’ commitment to maintaining the trust it hasbuilt with its clients over the years.
For traders who are not constantly engaged in trading, the issue of inactivity fees is significant. Nevertheless, this broker does not punish its clients for being inactive. Hence, their accounts will remain untouched if they do not execute trades during a specific period. This approach enhances traders’ overall trading experience they can manage their funds more efficiently without incurring extra charges whenever they transfer money into or out of their accounts.
Whilst it is hard to directly compare it to all of the competition out there, it is clear that FXPrimus puts the customer at the centre of everything it does. From the design of the trading platform to the various security measures built into the platform from the ground up, FXPrimus certainly takes customer protection seriously. From a safety perspective, client funds are kept in segregated accounts, away from the operating capital it uses to make trades on a daily basis. These funds are held in Tier-One banks from leading financial institutions and also benefit from a number of different investor compensation insurance schemes.