FXPrimus Offers one of the best Crypto platforms for traders
When you dive into forex trading, you need to find a broker to conduct your transactions. You need an intermediary to help you navigate the trading market, especially if you are new to the field. That said, there are thousands of brokers in the field, each offering something you may want.
FXPRIMUS is one of the brokers in forex trading and cryptocurrency. But, what does it offer that is different from other brokers? Most importantly, are they safe to use, or will you be risking your money investing in their platform?
Keep reading this FXPRIMUS review to find out more.
FXPRIMUS, part of Primus Global Ltd. Formerly FXPRIMUS Europe Ltd, is an investment company registered under the Cyprus Securities and Exchange Commission.
FXPRIMUS is also compatible with the markets in financial instruments directive, MiFID, making it a cross-border organization. Now, it operates in the EU, offering retail forex broker services.
FXPRIMUS offers a wide range of trade products, from energy products to indices and 5 cryptocurrencies, including Dash, Litecoin, Ripple, Bitcoin, and Ethereum.
FXPRIMUS is an award-winning broker company with multi-body regulations. It offers a high liquidity rate to its customers, making it a preferable choice to many people venturing into the trade of cryptocurrencies.
The trade benefits you enjoy from FXPRIMUS are also very competitive. For instance, you can trade your forex and other tools with a spread as low as 0.1 pips.
Users also enjoy the luxury of fast execution, and a wide range of internationally and locally accepted funding methods. Therefore, FXPRIMUS is where you can trade without stress when you deposit or withdraw funds from the platform.
Types of Accounts on FXPRIMUS
FXPRIMUS offers a wide range of accounts for its users across its MT4 and MT5 platforms. You can choose the account type that best suits your needs. The tailor-made accounts available on FXPRIMUS go a long way to adapt to your portfolio and investment levels.
These accounts include:
This is the lowest account you can get after moving from the demo account. The base currency for trading is the US Dollar, and it has an average spread of 1.5 pips.
Traders on the platform enjoy $0 commissions on their sides, with no bonuses. However, you receive negative balance protection when you start losing more than you invested.
An upgrade from PrimusCENT takes you to PrimusCLASSIC. This account comes with more base currencies, including Euro, GBP, SGD, and PLN. However, the average spread is the same as PrimusCENT at 1.5 pips.
Traders on the MT4 platform enjoy bonuses, negative balance protection, and 0 commission on their trade.
A further upgrade takes you to the PrimusPRO account. This account has a spread starting from 0.3 Pips and a similar base currency as PrimusCLASSIC.
Primus MT4 users enjoy a $10 commission, while those using MT5 enjoy an $8 commission. PrimusPRO also offers negative balance protection, swap-free, and a bonus to MT4 users.
A PrimusZERO account comes with an average spread starting from 0 Pips. There is also negative balance protection and a $5 commission.
The base currencies include the USD, GBP, and EUR.
All the accounts require a minimum trading balance of $100. All these accounts, except PrimusZERO, have non-swap features, which means they comply with Sharia Law. Therefore, Muslims can be comfortable trading currencies on the platform.
FXPRIMUS Deposits and Withdrawals
To make any transactions on the platform, you need to deposit a minimum of $100. Using your credit/debit card, e-wallets, or make wire transfers, you can do so. Alternatively, you can use locally acceptable methods to make your deposits.
You can expect to receive your money after one business day, which takes time to process a withdrawal request. FXPRIMUS also uses third-party monitoring for seamless experiences for their traders.
Throughout this FXPRIMUS review, we notice that FXPRIMUS allows deposits and withdrawals without any transaction fees. In short, FXPRIMUS takes care of your transfer charges when you make wire transfers.
However, if you are using a local bank, you may pay transaction fees amounting to up to $5.
Pros and Cons of using FXPRIMUS
- You enjoy free deposits and withdrawals
- Multiple payment options
- Multiple trading platforms, including MT4 and MT5
- Educational resources
- FXPRIMUS is a regulated brokerage firm
- Commission-free trading on some of the accounts
- Tight spreads, going as low as 0 Pips
- Loyal customers enjoy a 5% cashback forex on their starting equity
- The platform is not accessible to US residents
- The minimum deposit is relatively high, at $100
Cyprus is the hub for forex trading today. Therefore, working with a company licensed to work in Cyprus and other nations means you get a better deal out of the investment. FXPRIMUS broker is one of these companies, and the reviews from users suggest that it is true.
You enjoy different benefits depending on your account and the platform you use. So, if you want to try trading or change brokers, you can start your FXPRIMUS MT4 download or FXPRIMUS MT5 download here and start trading.