FXPRIMUS Review

FXPRIMUS Review | A Guide Before You Sign Up

Forex, Precious Metals, Indices, Energy & Stocks

  • MT4 STP Broker
  • MT4 Trading Tools
  • $100 minimum deposit
  • $500 deposit for ECN trading
  • Platinum API: from $50,000
  • VIP Account: from $10,000
  • ECN: $10 round trip charge
  • Low latency order execution
STP MT4 Broker With Low Latency Order Processing • FXPRIMUS

FXPRIMUS Review

FXPRIMUS is a MetaTrader 4 (MT4) STP broker offering trading in a range of CFD markets (totalling 120+), which aims to provide low latency order execution across a range of account types. FXPRIMUS offers a wide range of tools to help the trader get the most out of MT4. Trading is offered in Forex, Indices, Energy, Precious Metals and Stocks.

What base account currencies are offered ?

A base currency is the currency in which the account is denominated. FXPRIMUS offers USD, EUR, GBP, SGD and PLN denominated accounts.

FXPRIMUS account types

FXPRIMUS offers account types based on spread and then for increased minimum deposits, a range of account types with extra services. The account types with extra services are the Standard Account, the Premium Account and the VIP Account. All three account types have a Daily Markets Outlook, SMS Market Alerts and One to One Consultation. The Premium Account additionally provides 60 Minute MT4 and Trading Tools Trading and Live Market Update Telephone Calls. The VIP Account additionally offers a 30 Minute Consultation With Market Specialists, Personal Access to Market Specialists 24/5 and VIP Trading Signals. The minimum deposit for the Standard Account is $1000. The minimum deposit for the Premium Account is $2,500 and the minimum deposit for the VIP Account is $10,000. There is also an Economic Calendar and Trading Tools on the FXPRIMUS website (available to all).

FXPRIMUS account types by spread

In addition to the account types which offer different features depending on the deposit, FXPRIMUS provides a Variable and ECN Premium Account type. These are essentially the core account types. The minimum deposit for the Variable Account is $100. The minimum deposit for the ECN Premium Account is $500. The Variable Account offers Forex spreads without a commission charge. The ECN Premium Account offers Forex spreads with a commission charge, and therefore can provide very low spreads for the more liquid Forex pairs (down to zero). The commission charge is automatically deducted when the trader exits the trade and is $10 per standard Forex lot (round trip), equivalent to $5 per standard Forex lot per side.

What is the FXPRIMUS minimum deposit for each account type ?

The minimum deposit for the Variable Account is $100. The minimum deposit for the ECN Premium Account is $500. The minimum deposit for the Standard Account is $1000. The minimum deposit for the Premium Account is $2,500 and the minimum deposit for the VIP Account is $10,000.

So what is FXPRIMUS's minimum deposit ?

In summary, FXPRIMUS's minimum deposit is $100 (for the Variable Account), an ECN account requires a higher minimum deposit and to get accounts with extra features the trader can deposit more.

Order execution

FXPRIMUS commits itself to rapid order transmission. This can be important for Forex traders particularly those who use automated trading strategies, which are allowed at FXPRIMUS. FXPRIMUS uses data centers around the world to ensure proximity of their trading servers with local liquidity providers and utilises optical fiber cables for low latency order processing. FXPRIMUS makes use of data centers in New York, London, Singapore, Seoul, Hong Kong and China. FXPRIMUS is a Straight Through Processing (STP) broker for all account types. STP is the electronic algorithm which matches clients orders via the broker with liquidity.

The VIP Trading Signals

The VIP Trading Signals are available to anyone who accumulates deposits of $10,000 or more and will then receive a lifetime subscription.

Platinum API

Traders who want direct market access using the FIX Protocol can do so via the Platinum API. This is available for clients who deposit a minimum of $50,000.

MT4 Trader Tools

For all accounts holder regardless of account size, FXPRIMUS offers a range of MT4 trading tools, to help the trader get more out of this platform. These include a news feed, a sentiment indicator (giving the sentiment of other traders to market direction for a given instrument), a market manager (which shows platform information even with the terminal closed), a mini-terminal for one click trading and a trade terminal to trade via a window which can be customised.

Trader Education

On FXPRIMUS's website there is a range of trader education tools, including videos and webinars. There is also the potential for personal contact via finance events and seminars.

Does FXPRIMUS charge deposit or withdrawal fees ?

FXPRIMUS does not charge deposit or withdrawal fees.

How may the trader make a deposit at FXPRIMUS ?

Deposits can be made by a range of methods including Bank Wire Transfer, Credit and Debit Cards, the FXPRIMUS MasterCard, Skrill, Neteller, GiroPay, Itau, FasaPay, China UnionPay, EcoPayz and BitPay. Processing times vary, but the quickest are Credit and Debit Cards and some E-Wallet methods (e.g. Neteller and Skrill) which have a processing time of 5 minutes.

Is FXPRIMUS regulated ?

FXPRIMUS is a brand name used by Primus Global Ltd which is regulated by the CySEC in Cyprus, with licence number 261/14, Primus Markets INTL Limited which is regulated by the VFSC in Vanuatu with registration number 14595 and Primus (Africa) Pty which is regulated by the FSCA in South Africa with licence number 46675.

Key feature summary

  • $100 minimum deposit
  • $500 minimum deposit for an ECN account
  • Low latency order processing
  • MetaTrader 4 broker
  • No deposit or withdrawal fees
  • 50+ Forex pars
  • STP broker
  • Premium account types with extra features from $1000 minimum deposit
  • MT4 trader tools for all clients
  • Platinum API for direct markets access from $50,000 minimum deposit

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