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FXPRIMUS
FXPrimus Europe (CY) Ltd is a Cyprus based online brokerage founded in 2009. The company is fully EU regulated by CySEC (Cyprus Securities and Exchange Commission). FXPRIMUS provides retail exchange trading via the MT4 Trading Platform on desktop and mobile. The company provides Straight Through Processing financial services to international retail clients.
Tradable instruments offered by the company include forex pairs, energies, indices and commodities[1].
Contents
FXPRIMUS Review
FXPRIMUS is one of the few brokers that has created a very high standard for safety, security, operating efficiency, and, lastly, transparency in all matters. Former traders from the retail and hedge fund sectors founded the firm in 1999 with the intention of bringing the power of high frequency processing to both individuals and corporate clients alike. FXPRIMUS boasts a backbone network of data centers located in New York, Amsterdam, Hong Kong, and Singapore, and, when combined with major liquidity providers, the firm’s Straight-Through Processing (STP) is tough to match in the industry. STP at high volumes allows for scalping, hedging, EAs, and other automated trading strategies to flourish, without the threat of slippage or re-quotes, except under exceptional conditions like a Non-Farm Payrolls release. STP also eliminates the need for back-office trading desk conflicts.
FXPRIMUS was founded in Limassol, Cyprus in 2009. FXPRIMUS became the sponsor of Manchester City Football Club from 2015 until 2016. In July 2015, FXPRIMUS appoints third party Boudica Client Trust to oversee the processing of client withdrawals. In November 2016, the company announced the offering of 2.5 Million Euros free Client Funding Insurance to all clientele. In September 2017, FXPRIMUS announce to offer cryptocurrencies on its trading platform.
Account type
The demo account offered by FXPRIMUS, as it allows new clients the opportunity to try them on for size, before investing real money. Traders are given $50,000 virtual cash and allowed to trade with it for free, and no strings attached, for 30 days. When you’re ready to invest some real money there is one account available, but it is separated into individual, joint, and corporate.
Three different lots sizes are also offered, Micro, Mini, and Standard. There are also self-directed and managed accounts, as well as opportunities to become an Introducing Broker and Affiliate. All the accounts can have ECN premium or variable spreads. Minimum deposit requirements are $100 across the board.
FXPRIMUS Metatrader 4 (MT4)
The FXPRIMUS infrastructure dovetails nicely with the MetaTrader4 family of trading platform options, available now in 30 languages. Desktop, web, and mobile services are supported, together with bilingual customer service assistance during market hours, “24X5”. You will also benefit from tight spreads, whether variable or fixed, and high levels of leverage, up to 500:1. The firm’s Premier ECN pricing option can reduce spreads to a few tenths of a pip for most major pairings, for example. Training and support materials abound, with one-on-one assistance, if necessary. You can also benefit from an advanced set of trading tools, such as pattern recognition software, alerts, Sirix social trading, and other automated trading options. Micro-lot trading and Islamic accounts are also available. Security is also top notch, making FXPRIMUS a company that lives up to its motto: “The Safest Place to Trade.”[2]
Deposits and Withdrawals
Depositing and withdrawing funds with FXPRIMUS is easy. No matter where you might live, you can transfer money using banking wire transfers, major credit and debit cards, Skrill, and even Bitcoin. To make it easier still, a variety of local payment alternatives have been installed for your convenience. Check the website for a list. The firm also offers a prepaid MasterCard option that can make withdrawals happen quickly. It is always good advice your AML documentation up to date to avoid any delays when you do need to make a withdrawal request.
FXPrimus Bonuses and Promotions
FXPRIMUS is very big on promotions and there was quite a mix in place at the time of this review for all types of traders and even special ones for FXPRIMUS partners.
Anyone switching their trading balance from an existing broker over to FXPRIMUS receives a thank you bonus of up to $6,000 free trading funds. The promotion will run for a limited only and will expire on 31 August 2015. To celebrate the broker’s official partnership with Manchester City FC, traders can get up to $3000 free trading funds through various contests.
A current promotion was being offered to anyone funding their account with credit card, debit card or bank wire. All funding was being so without incurring extra charges. FXPRIMUS was also reimbursing all credit and debit card transaction fees charged by the credit card payment processors Allied Wallet and Global Collect. The reimbursement was automatically applied to the deposit.
See also
External links
References
- ↑ http://wikipedia.org/
- ↑ https://www.forexfraud.com/forex-broker-reviews/fxprimus FOREXFRAUD.COM – FXPRIMUS Review
