FxPrimus Review 2023 - Verified Customer Reviews

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FxPrimus Review

Updated October 20, 2021
Score breakdown
Pricing: 3.5
Regulation: 5
Popularity: 3
User Rating: 4.4 (11)

FxPrimus overall score rank: 10 out of 67

FxPrimus forex broker review

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.


  • Accepts Bitpay
  • Free deposits and withdrawals
  • Regulated in Europe, Vanuatu and South Africa
  • Consultation with a Market Specialist*

Regulations and Money Protection


Entity Name Licence & Regulation Client Money Protection Deposit Compensation Scheme Negative Balance Protection
Primus Markets Intl Limited (VU) Vanuatu VFSC Licence ✔️
segregated client money
Primus Global Ltd (EU) Cyprus CySEC Licence ✔️
up to €20,000
Primus Africa (Pty) Ltd (SA) South Africa FSCA Licence n/a n/a


  • International customers: Primus Markets Intl Limited (trading as FxPrimus) will be the counterparty for International customers. This entity, registered in Vanuatu with company number 14595 and address at Govant Building, 1st Floor, Kumul Highway, Port Vila, Vanuatu, is regulated by the Vanuatu Financial Services Commission (VFSC).

  • European customers: Primus Global Ltd with address at 25, Kolonakiou Street, Zavos Kolonakiou Center - Suite 102, CY-4103, Limassol is a Cypriot Investment Firm (CIF) under number 337614 and is regulated by the Cyprus Securities and Exchange Commission (CySEC) under licence number 261/14.

  • Primus Africa (Pty) Ltd, registered in South Africa with company number 2015/426230/07, holds a Financial Service Provider licence, number 46675, issued by South Africa's Financial Sector Conduct Authority (FSCA). Currently, no accounts can be opened with this entity.

Client Money Protection

  • FxPrimus complies with the highest safety standards for client's funds. For this reason, FxPrimus client's funds are kept in top-tier international banks, such as the Hellenic Bank, fully segregated from the company's funds.

  • FxPrimus also complies with the client money handling rules and employs strict policies and procedures regarding the maintenance and operation of these accounts. FxPrimus holds client's money separately to the company funds and does not use these funds for any operational expenses or purposes.

Deposit Compensation Scheme

Primus Global Ltd is a member of the Investor Compensation Fund (ICF), an investor compensation fund for CIF clients and its functions are regulated by the directive DI87-07 of the CySEC. If Primus Global Ltd is unable to meet its obligations, clients might be entitled to compensation (up to the value of €20,000) per claim, irrespective of the number of accounts held, currency and place of offering of the investment service (within Europe).

Negative Balance Protection

For accounts opened via any entity of the FxPrimus Group, there is a default Negative Balance Protection mechanism in place, for the sake of no negative balance. With NBP, FxPrimus customers are protected from any losses bigger than their original investments, in cases of extreme market volatility.

Professional Indemnity Insurance

As an added safety measure, FxPrimus has introduced in 2019 a professional indemnity insurance of €2.5million, maintained by Howden, a trading name of RKH Specialty Limited, part of the Hyperion Insurance Group. RKH Specialty Limited is authorised and regulated by the UK's Financial Conduct Authority in respect of general insurance business. The insurance covers customer's funds, free of charge.

Accounts, Instruments and Platforms

Accounts Instruments Platforms Social trading Maximum Leverage
✔️Islamic Accounts
✔️MT 4
❌MT 5
30:1 Europe

1000:1 Rest of World

Account types and currencies

  • FxPrimus has four types of trading accounts available; Micro, Variable, with variable spreads and no commissions and ECN environment type, divided into ECN and VIP, with different minimum deposit requirements and options. FxPrimus also offers swap-free accounts for traders of Islamic belief.

  • FxPrimus does not allow for social trading, including copy trading, through Myfxbook and ZuluTrade.

  • FxPrimus also offers PAMM accounts alternatives for money managers.

  • FxPrimus maximum leverage is 30:1 for accounts opened within Europe and up to 500:1 for accounts opened in other countries around the world.

  • Currently, FxPrimus trading accounts are only available in USD, EUR, SGD, GBP, PLN and HUF.

Financial instruments

Trading with FxPrimus can be done only via the Metatrader 4 platform, available on desktop terminal and mobile versions. FxPrimus offers a limited selection of about 160 assets to trade, including Forex, indices, stocks and commodities.

  • FX market - 40 currency pairs (including Minor and Exotic crosses).

  • Indices - 10 world indices including including NASDAQ, UK 100 and NIKKEI 225.

  • Stocks - 105 stocks CFDs from worldwide top companies such as Apple Inc, Amazon Inc, IBM Inc, Intel Inc. to name a few.

  • Commodities - 8 commodities CFDs available for trading; 3 metals (Silver and Gold included) and 5 energies including UK Oil and US Oil.



Micro Variable ECN VIP ECN
Spread EUR/USD from 1.4 pip from 1.4 pip from 0.1 pip from 0.1 pip
Commissions (1 lot) from 10 USD from 5 USD
Minimum Deposit from 10 USD from 15 USD from 500 USD from 25,000


FxPrimus trading spreads are not very competitive. For the variable spreads account, without commissions, the typical spread fore the EUR/USD is 1.7 pip. Even with the ECN modelling account, for the EUR/USD, the minimum spread starts at 0.1 pip with an average of 0.4 pip, plus commissions.

To benefit from the lower spreads of the ECN type accounts there's a cost, meaning commissions. For the same example, the EUR/USD, the standard lot commission for 1 lot (100,000 units) is 10 USD (5.00 USD per side, per lot), or the equivalent on the trader's account currency. We consider this commission cost to be higher when compared with other brokers.

Rollover Rates

FxPrimus swap rates, as of 12-10-2020 (data from one of the broker's websites) for the EUR/USD stand at an incredibly high rate of -13.75 for holding overnight a 1 lot long contract and at an incredibly generous +6.30 for holding overnight a 1 lot short contract.

However, on the same date and by using the Forex Broker Swaps Comparison Tool from Cashbackforex.com, our partner, we saw that the swap rates for holding a long 1 lot contract overnight was -5.15 and for holding a 1 lot contract short overnight -0.08. Which ones are correct? Hard to tell.

Deposits/Withdrawals and Other Fees

  • Deposit fees - Trading accounts can be opened in 6 different currencies and maintained via 13 different funding methods, including cards, bank wires and e-payments such as Neteller, Skrill and Bitpay. Deposited funds are available within minutes on the trading account. FxPrimus does not charge any fees for deposits.

  • Withdrawals fees - Same policy applies for withdrawals (processing times vary depending on the withdrawal method chosen, normally within 1-5 business days). FxPrimus does not charge any fees for withdrawals, provided it meets the minimum withdrawal threshold. The minimum withdrawal with FxPrimus is 100 USD (or the equivalent in the account base currency), required to avoid paying withdrawal fees. For more information, please visit the FxPrimus deposit and withdrawals dedicated page.

  • Inactivity fee - FxPrimus does not charge an inactivity fee or any account maintenance fees.



Deposit/Withdrawals Fees Non expiring demo account Customer
Trading Guides
Video Tutorials
Daily Insights
Personal Expert Market Analysis*
Consultation with a Market Specialist*
Bank Wire
✔️ Multi language
24/5 Support
Live Chat (only in the EU)

The popularity of FxPrimus is a neutral 3 out of 5. With several thousand clients across the globe, FxPrimus seems to fail in capturing the attention of new traders. The main reason could be it's pricing costs, slightly higher when compared with other top brokers.

FxPrimus also loses a few popularity points with traders looking to diversify their trading portfolio. The broker offers very limited trading instruments and only one trading platform to retail customers.

  • Trading accounts - The FxPrimus ECN account is the more popular choice with traders looking to save on trading costs, with a lower spread and a commission of $10.00 per lot traded. Extra points for FxPrimus's policy of no fees on deposits or withdrawals.

  • Forex education - FxPrimus also gets extra popularity points for their range of Forex education materials, available through the Education tab. FxPrimus clients can access the daily market outlook, training videos, seminars, even a personal expert market specialist 24/5*, trading signals* and a 30 minutes consultation with a market specialist*.

    *reserved to traders with the ECN account and VIP package

Funding Methods Bank Wire, Bitcoin, China Union Pay, FasaPay, Giropay, Neteller, Skrill (Moneybookers), Ecopayz, YuuPayOut, Ezeebill, PaySec, Itau
Support Languages Arabic, Bahasa (Indonesian), Chinese, Czech, English, Hungarian, Portuguese, Russian, Spanish, Vietnamese

  • Minimum deposit - Opening a trading account with FxPrimus is easy and can be done online, taking around 5 to 10 minutes to complete all the forms with the required information. The minimum deposit requirement to open a FxPrimus Variable account is 100 USD, or the equivalent in other currencies. The minimum deposit for the FxPrimus ECN type accounts is 500 USD, or the equivalent in other currencies.

  • Customer support - FxPrimus's multi language customer support service is available 24 hours, 5 days a week, in 10 languages. FxPrimus's support is available via phone call, contact form, email and live chat directly from the broker's website (only from the European website).

Broker Profile

Primus Global Ltd is acclaimed for offering a safe and secure online trading environments available in the FX industry. The company enables clients of all experience levels to trade multiple instruments including Forex, commodities, energies and indices.

FxPrimus claims to have lightning quick execution, via state-of-the-art execution systems worldwide, combined to create a seamlessly efficient trading environment. FxPrimus client's funds are protected via an unshakable risk management model, built to withstand any unexpected market volatility. Through the advanced risk management systems, featuring strict regulation, negative balance protection and segregated client funds, the company offers a good level of safety regarding client assets.

Primus Global Ltd is also fully regulated by the CySEC and in full compliance with the regulations of Markets in Financial Instruments Directive (MiFID). Clients of Primus Global Ltd are also protected by the Investor Compensation Fund (ICF).

FxPrimus focuses its efforts on engaging in targeted strategies, in order to provide the highest possible quality of online trading. This is done through a three-pronged approach of safety through Technology and education.

Overall, on our FxPrimus review, the broker scores 4 out of 5 as it is a good choice for traders looking for a safe broker (European clients) with strong regulations and safety of funds in place. On the downside, the broker fails to increase it's popularity with traders, possibly due to the trading platforms offering (currently only the MT4) and due to the overall cost of trading, not the cheapest when compared with other top brokers.

Data supplied in partnership with CashBackForex - Forex Rebates places FxPrimus on the top 25 brokers for popularity with traders opening an account in 2020.

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FxPrimus User reviews

Account types:
(11 reviews)

FxPrimus user rating score rank: 6 out of 67

FxPrimus Account types user rating

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