Yes – clients can trade Bitcoin and several other cryptos at FXPrimus, including Litecoin, Ethereum and Dash. Head to the broker’s homepage to register for a practice account. For more experienced traders, FXPrimus also provides access to MetaTrader 5 (MT5). The platform is available as a free download or as a webtrader.
- The support is very good with very rapid response times, and there is a variety of account options and deposit methods to choose from for your convenience.
- These offer insights and specific reports to help you improve your trading knowledge and abilities, as well as make more educated trading decisions.
- Equity trading remains commission-free, and swap rates on leveraged overnight positions remain low, increasing the cost advantage for active, leveraged traders.
- Following registration, prospective investors can access the client/member area from the trading tab on the homepage.
- Importantly, the broker is transparent with its fees and there are no hidden charges.
- FXPrimus offers accounts with base currencies in EUR, GBP, USD, SGD, PLN and ZAR.
Pros
Based on our thorough, data-driven testing of each broker’s commissions and fees, we found that FxPro offers better pricing overall for traders. FX Primus is primarily regulated in Cyprus, offering the MetaTrader and cTrader platforms, and also has an off-shore entity in Vanuatu for clients outside of the EU. The main downside besides it’s lack of additional top-tier licenses, is that FX Primus only offers 140 symbols, putting it at a disadvantage compared to the best forex brokers. Trading with a regulated broker will limit the potential for fraud and malpractice.
What funding options does each broker offer?
To compare the trading platforms of both FxPro and FXPrimus, we tested each broker’s trading tools, research capabilities, and mobile apps. Finally, we found FxPro to provide better mobile trading apps. I hv not started trading yet but the account manager assigned to me, Mr. Sharif is very kind n helpful.
Which trading platform is better: FxPro or FXPrimus?
Regular investors utilise it to purchase and sell currencies. MT4 also supports Futures, Indices, Equities, and other CFD trading. Although, keep in mind that demo and real-live trading account conditions can vary due to the artificial liquidity of demo accounts which can lead to differing slippage and spreads. FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).
FX Primus prides itself on being the self-proclaimed “safest place to trade.” FX Primus spreads start from as low as 0.1 pips with 0% fees on traders’ deposits and withdrawals. They use third-party monitoring for the safety of client fund by partnering with Boudica Client Trust who monitor client withdrawals. This helps to ensure that client withdrawal requests are executed as quickly and efficiently as possible. We’ve made it easy to compare the best forex brokers, side-by-side. Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Our research is unbiased and independent; learn more about how we test.
Leverage Review
I will recommend FxPrimus to anyone looking for a broker as the support is excellent. The commission-free pricing environment begins with an expensive 1.5 pips or $15.00 per round lot and is the only one that offers MT4 and cTrader. 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 https://forexarena.net/ of $5.00. The minimum deposit requirement is $1,000, but I think it is well worth it for high-frequency traders. Overall, FX Primus is an established forex broker offering the MT4 trading platform and other useful online trading services. The support is very good with very rapid response times, and there is a variety of account options and deposit methods to choose from for your convenience.
Head to the broker’s official website for a breakdown by asset, including public holidays and closures. Clients will need to deposit $500 with the Pro account and $1,000 to get started with the Zero solution. FXPrimus offers several deposit and withdrawal methods including bank wire transfer, credit cards such as Visa and Mastercard, plus e-wallets like Skrill and Neteller. Also available are FasaPay, UnionPay, ecoPayz, Bitcoin payments, plus emerchantpay, among others.
I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. FXPrimus presents clients with two regulated entities and maintains an overall secure trading environment. FX Primus provides traders with over 120 instruments to trade online, including forex currency pairs, commodities, indices, and equities. You can start trading on an FX Primus demo account, to begin with, to test the trading conditions, which from my experience, are very good. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. FXPRIMUS distinguishes itself with its exceptional forex trading platform, known for its reliable execution and diverse range of market instruments.
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. Competitive commission-based MT4 accounts for high-frequency traders. This review was also pleased to see that FXPrimus has partnered with Boudica Client Trust to provide third-party monitoring of withdrawals. When funding your account, however, be aware that your bank may use an intermediary to hold the money in escrow and could charge a fee to do so. The group offers ultrafast trade executions with zero re-quotes. Clients also benefit from interbank spreads that start from 0.1 pips.
Traders at the CySEC subsidiary get an investor compensation fund, covering up to 90% of deposits up to a limit of €20,000. FXPrimus segregates client deposits from corporate funds, offers negative balance protection, and has a clean regulatory track record with over twelve years of experience. Importantly, the broker is transparent with its fees and there are no hidden charges. The firm’s advanced accounts also provide a particularly competitive trading environment versus competitors. It’s important to make sure that your forex broker accepts the funding options and deposit methods that work best for you.
FXPrimus offers the core MT4, MT5, and cTrader trading platforms but does not provide any MT4/MT5 plugins necessary to upgrade the out-of-the-box versions to cutting-edge trading platforms. All three fully support algorithmic trading and have embedded copy trading services. Traders may use a desktop client, a lightweight, web-based alternative, and a mobile app.
I like the trading environment at FXPrimus for high-frequency traders 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 is an execution-only broker focused on the core trading environment. It does not offer value-added services but caters to its core market well, making it a good broker for scalpers.
Spreads drop to 0.3 pips alongside a $10 commission on MT4 and an $8 commission on MT5 with the Pro account. The firm’s ECN trading solution, FXPrimus Zero, offers zero-pip spreads with a $5 commission. FxPro provides traders 70 currency pairs (e.g., primus fx EUR/USD) compared to FXPrimus’s 42 available pairs. Regrettably, phone support is unavailable, and a direct line to the finance department where is missing. FXPrimus explains its products and services well, but an FAQ section is unavailable.
Processing times vary from up to five minutes for e-wallets to five working days for wire and local transfers. FXPrimus does not offer research and functions as an execution-only broker. Given the wealth of free and paid-for research available online, I do not consider its absence a negative. While it creates a services gap with many competitors, FXPrimus maintains a competitive environment suited for advanced high-frequency traders who do not require research. Equity trading remains commission-free, and swap rates on leveraged overnight positions remain low, increasing the cost advantage for active, leveraged traders. I highly recommend the Primus Zero account, which ranks among the cheapest ones available.