FXPrimus Broker Review
|Payment options||Wire Transfer, Credit Card, Bank Transfer, and MoneyBooker|
|Demo Platforms||Meta Trader 4|
|Account currencies||USD and Euro|
|Regulated by||FSC, Mauritius|
|US Traders welcome?||No|
|Website available in (languages)||English, Mandarin, and Chinese|
|Support available in||English, Mandarin, and Chinese|
|Support methods||Live Chat,Email, Phone|
|Account Types (micro standard executive islamic)||STP, ECN|
|Minimum account size||$500|
|Minimum position size||0.01 Lot|
|Spread type||Fixed and Variable|
|Trading instruments (GOLD; CFD, etc. and the leverage)||Forex, Metal, CFDs, 1:500|
|Trading platforms||Meta Trader 4|
|Number of currency pairs||70+|
|Trading by telephone||Yes|
FXPrimus as the name suggest is one of the premier brokerage which was established in the year 2009 and started its online trading service the same year. It has its office in Mauritius and Ebene which is well regulated by FSC, a regulating authority of Mauritius. The company is established by some retail traders and is managed by a team which is headed by Terry Thompson. This broker is also a few of the first firms of Forex exchange to have an ISO 270001 certification. They offer many types of accounts which include individual account, joint account, corporate account, affiliate account and also money manager account. The accounts are either STP or ECN account. The various payment options offered by the company to its customers are credit cards, wire transfer and MoneyBookers. Though the payment options are limited it is easy and hassle free. The website and the customer support service are available in 3 languages, English, Mandarin and Chinese. They also offer mobile trading service to their customers which are useful for all those traders who are travelling most of the time.
The demo accounts are also available to the traders and are free for 30 days. The trading platform offered for demo account is Meta Trader 4 which is well known in the fore market and is also available for real trading. The MT4 trading platform is the most trusted trading platform and is also very fast. It helps in easy and fast execution of trade. The various trading instruments offered by the company to trade are metals and CFDs along with forex. The leverage offered on the instruments is 1:500. The minimum deposit that one needs to make to open an account with them is $500 for both mini and standard accounts. They also allow scalping to the traders.
The reviews are the best way of knowing in and out about a company’s performance and service. The reviews of FXPrimus broker shows that the company has many happy customers. The best feature that is liked by many users is that the trader gets to choose if he wants to have variable, ECN premium or fixed spread. Many of them consider it to be an ethical and professional broker. Many of them like their easy interface and versatile trading platform. Many of them have written about their excellent customer support service which is multilingual and can be availaed via phone, email and live chat. Many have listed that the overall support provided by the company is very good. Many like the fact that they allow trading in metals, CFDs, Gold & Silver, oil along with forex. A few of the cons mentioned is that the minimum deposit required to open an account with them is very high. Many have listed limited payment option as a concern and have mentioned absence of PayPal as a drawback. However, the overall review is very positive and the average rating given to the company by its users is 4.3 out of 5.