FXPRIMUS Review 2024 Regulated broker focused on education

The VIP trading signals give you access to trading signals with live notifications and alerts, including technical analysis for potential trade entry and exit points across different instruments. Clients that maintain an account of at least $10,000 qualify for a lifetime subscription of VIP trading signals that can be accessed from within the FXPRIMUS members area. The former has eleven video tutorials, which guide beginner traders through the account opening, verification, and funding, installing the MT4 trading platform and registering as a partner. 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. One of the most ignored trading costs is swap rates on leveraged overnight positions.

Account Types

I recommend beginners read them to understand some basics before enhancing their education with trusted third-party sources available online free of charge. Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co itrader review and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years.

Customer Support

1. There is insightful market analysis and trading signals to help inspire trade ideas.
2. It also goes to show that they want to help beginners to be informed traders.
3. The lack of both advanced and beginner educational videos means new traders will not have as much support as they might find with other brokers that offer comprehensive educational resources.
4. I rank trading costs among the most defining aspects when evaluating an exchange, as they directly impact profitability.
5. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey.

Overall, I think FXPRIMUS can be a great choice of broker for trading forex. They have very competitive trading conditions including spreads from 0.0 pips, low fees and quick execution. You get access alpari review to trade via the intuitive MT4 platform on all of your devices. I like the diversity of account types and abundance of funding options available.

Founded in 2009, FXPRIMUS is an online trading broker with great emphasis put towards client safety and education whilst utilising new technologies to continue to improve their offering to traders. I was impressed by the excellent range of trading tools for conducting chart analysis and finding trading signals. I like how the broker gives you a choice of trading accounts depending on your strategy and has a good variety of convenient funding options. If you are a beginner, you can learn from an extensive collection of educational content whilst practising your trading on a free demo account. For those of you who are ready to start trading, the minimum deposit is just $100 and opening an account takes just a few minutes.

Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team. Only verified trading accounts may request withdrawals, and FXPrimus processes withdrawal requests Monday through Friday between 0700 and 2100 (GMT+2).

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.

Opening an Account

If you don’t have your own computer or mobile to hand, you can login to the web platform from another device without needing to install any software. 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. BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.

They aim to provide one of the most secure trading conditions in the industry with high standards set for responsible trading and safety of clients. I am impressed with the great range of trading product and features they offer within a regulated environment. I like the trading environment at FXPrimus for high-frequency traders in the Primus Zero account, which offers highly competitive trading conditions.

FXPRIMUS can provide direct market access (DMA) using an exclusive FIX Protocol for those who want a more customised experience with faster execution speeds. It is worth noting that access to the Platinum API does require minimum deposit of $50,000 although margin requirements on some instruments are as low as 1% through the API. Regulation across multiple jurisdictions helps to give traders confidence that they are trading with a reputable and trustworthy broker that must uphold the highest of standards. I don’t have any problem with the regulations in place and trust them with my funds.

They are a testament to the ongoing effort by FXPrimus to maintain a competitive edge for its clients. Accounts can be opened in a decent choice of currencies which are EUR, USD, GBP, SGD, PLN. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

The broker has a skilled and experienced global customer service team who are on hand to offer you support 24/5 via online chat, telephone or email. I have always had a quick response to my questions and appreciate that they have reached out to me just to see how things are going without being prompted to do so. FXPRIMUS host global seminars and webinars to try and help educate traders of all experience levels. Registration and attendance are free and anyone who is interested in learning more about trading is welcome to attend.

On the other hand, FXPIG is a good forex broker that gives all clients personalised support regardless of their investment size. The broker gives you the option of a VPS (Virtual Private Server) through their data centres in London and New York. The VPS connects the MT4 platform to a server which can reduce latency between MT4 accounts and their servers, thus improving the chances of getting filled at better prices. The VPS is free if you have a trading account with a balance of at least $500 and trade 5 or more standard lots 30 days from activation. At FXPrimus, traders have access to a selection of 42 forex pairs and a total of 140 tradeable symbols.

There are 3 accounts to choose from, the variable account, ECN premium account and VIP account. The main difference between each of the accounts are the features that you get access to. You can choose from low spreads or no commission fee, depending on what works best for your strategy. They also provide demo accounts if you would like to test the trading platforms and conditions before opening a real account. FXPrimus offers traders demo accounts and does not list a time limit on its website. Demo accounts are ideal for testing new trading strategies and bug-fixing algorithmic trading solutions.