Review of the FXPrimus forex broker: reviews of fraud.
Review of the company FX Primus: a critical look at security and services
At the beginning of the review of the website www.fxprimus.com, the broker claims to be the most secure. But how true is this? Can FX Primus be trusted or is it just a marketing ploy? Our investigation is dedicated to finding answers to these questions, primarily by examining the company’s security measures and evaluating feedback from real traders.
History and licenses of FX Primus
Information about the founding date of FX Primus on the forex market is ambiguous. The first mentions of the company on the web appeared in 2009, but they are not significant. This indicates the broker’s relatively low visibility.
The FXPrimus brand belongs to the FXPrimus group of companies, which includes three firms licensed by different regulators:
- Primus Global Ltd. (regulated by CySEC),
- Primus Markets INTL Limited (regulated by VFSC),
- Primus Africa (Pty) Ltd. (regulated by FSCA).
Links to different pages of the website www.fxprimus.com point to different regulators.
“Regulation” on the website
The official website www.fxprimus.com is quite informative, yet contains inconsistencies. Services are available in 11 languages, but not all blocks are translated. Clients often complain about this detail.
The support service operates 24/7, with an international phone number not tied to a specific country, but trading is carried out using a Cypriot number.
Software review
Access to the Forex market through FX Primus is provided via the MetaTrader4 platform for Windows and Apple, as well as mobile versions for smartphones and tablets.
The broker also offers several additional services:
- Platinum API for market access using the FIX protocol with a minimum of 50,000 euros in the account,
- VPS service for platform connection through a remote computer with low latency, free under conditions of over 500 euros in the account and a minimum of 5 standard lots per month,
- PAMM service for passive income and investment.
Terms and types of accounts
FX Primus offers 3 types of trading accounts with over 100 underlying assets, including currency pairs, commodities, CFDs, and indices.
Standard account: minimum deposit of 1,000 euros with various trading conditions.
Premium account: upon account replenishment of 2,500 euros, the client receives an hour of training and additional tools.
VIP account: additional services are provided for clients with over 10,000 euros.
Bonuses and profit withdrawal options impact traders’ experience, but some conditions, such as service deactivation upon account inactivity, raise questions.
Reviews and overall conclusion
Real client reviews of FX Primus reveal issues with service and fund withdrawals, raising concerns about the company’s honesty. The broker may offer decent conditions, but a poor reputation and negative reviews signal potential risks for traders.
FX Primus may seem reliable, but a detailed examination of its services and reviews indicates otherwise. Insufficiently transparent conditions and service issues may warrant caution when choosing a broker.