I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. FXPrimus presents clients with two regulated entities and maintains an overall secure trading environment. Enjoy your trading on your preferred PC while making use of cTrader’s strong capabilities. Get primus fx started by downloading the platform to your Windows or Mac OS device. Use your cTrader’s ultra-responsive iOS or Android smartphones to trade on the move from anywhere. CTrader, with its unique features and well-developed functionality, gives you access to cCopy, a tool that allows you to copy-tested techniques from other traders.
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It makes tracking news events easy without needing to access various websites and sources. I always like to check the latest market https://forexarena.net/ news to help me with my trading decisions. I think it would be good if the MT4 platform included a built-in calendar like MT5 does.
- Not many brokers provide this so it is something that helps to differentiate them from other brokers.
- Just keep in mind that this does not apply to all clients and protections can vary depending on the broker entity that you open an account with.
- All of these features and functions are available in MT4 MultiTerminal with only a few mouse clicks.
- The MetaTrader 4 platform offers USD, EUR, GBP, SGD, and PLN as account currencies.
- FXPRIMUS is a member of the Investor Compensation Fund (ICF), thus eligible client’s funds are protected.
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The standard variable account requires a minimum deposit of $100 and is commission free. Spreads are variable depending on the market conditions and may be increased to cover costs. It comes with access to the FXPRIMUS educational resources, trading tools, daily market outlook, SMS alerts and one on one consultation. 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.
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They conduct regular financial and compliance audits that are externally authenticated to ensure independent, transparent and accurate review of the company finances. FXPRIMUS continuously look to improve security for clients and give them peace of mind by implementing the latest technologies and advanced safety mechanisms alongside the educational material provided. You are given all of the necessary tools and resources that can help you to make informed trading decisions. They believe that providing you with the best possible academic, technical and practical support can help to give you sustainable success whatever your level of expertise.
I can code my own systems in the MQL4 language or get access to thousands of free and paid tools from other users from within the platforms marketplace. The broker offers trading instruments across multiple markets through MT4 including Forex, Commodities, Cryptocurrency & CFDs. MT4 is freely available in more than 30+ languages for desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). The MT4 web platform does not require any downloads and is always up to date whilst the mobile trading app is ideal for trading on the go. 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.
Their systems are encrypted with 128-bit keys to safekeep information that is transferred across and prevent third-party access. They have a global footprint with data centres in New York, London, Hong Kong, China and Singapore. That being said, FX Primus has some of the most competitive spreads and commissions available to the average retail forex trader. You may even open a small real live trading account to test the real trading conditions at FX Primus.
Competitive commission-based MT4 accounts for high-frequency traders. All information on The Forex Geek website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, do not represent a guarantee.
Regrettably, phone support is unavailable, and a direct line to the finance department where is missing. FXPrimus explains its products and services well, but an FAQ section is unavailable. This could result in beginner traders engaging with customer support more than usual. Equity trading remains commission-free, and swap rates on leveraged overnight positions remain low, increasing the cost advantage for active, leveraged traders. I highly recommend the Primus Zero account, which ranks among the cheapest ones available. Self-confessed Forex Geek spending my days researching and testing everything forex related.
I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! I made a deposit to invest with FXPrimus a few years ago, but I did not yet do any trading till my current account manager, Premma encouraged me to start in March this year. She is very patient, trustworthy, hardworking, and has a positive attitude.
The secure back office of FXPrimus handles all financial transactions, where traders have access to ten payment processors. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-based Primus Zero account. Any thoughts, news, research, analyses, pricing, or other material presented here are intended to offer general market commentary only and do not represent investment advice. FXPRIMUS accepts no liability for any loss or damage, including, but not limited to, any loss of profit resulting directly or indirectly from the use of or reliance on such material.
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. 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 market manager tool lets you keep an eye on real time market rates and your trading positions without needing the have your trading platform open. International clients will trade with the Vanuatu subsidiary, while EEA traders deal with the CySEC unit. Primus Global, the CySEC-licensed entity, acts as the headquarters for the group and Primus Solutions Ltd (HE ), Primus Global Ltd (HE ), and Primus Support Ltd (HE ). All three may provide services to Primus Global and Primus Markets INTL, the Vanuatu subsidiary. For the best trading experience, use the fastest speeds and the FIX protocol. This special solution provides direct market access to the clients who prefer to use the FIX Protocol for the most personalised trading experiences.
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. FXPrimus is a legit and safe broker, fully compliant with two regulators. Traders at the CySEC subsidiary get an investor compensation fund, covering up to 90% of deposits up to a limit of €20,000. FXPrimus segregates client deposits from corporate funds, offers negative balance protection, and has a clean regulatory track record with over twelve years of experience. Trading with a regulated broker will limit the potential for fraud and malpractice.