WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
您当前语言与浏览器默认语言不一致,是否切换?
切换
Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

FXPRIMUS

United Kingdom|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://www.fxprimus-chinese.com

Website

Rating Index

Contact

assets@FXPRIMUS.com
https://www.fxprimus-chinese.com

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
*No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Warning: Low score, please stay away!
2024-12-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

Basic information

Registered region
United Kingdom
Operating period
2-5 years
Company Name
FXPRIMUS
Abbreviation
FXPRIMUS
Company employee
--
Customer Service Email Address
assets@FXPRIMUS.com
Keywords 4
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk
Website
Company Summary
News
Review

Users who viewed FXPRIMUS also viewed..

XM

9.05
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
XM
XM
Score
9.05
  • 10-15 years |
  • Regulated in Australia |
  • Market Making(MM) |
  • MT4 Full License
Official website

IC Markets Global

9.10
Score
15-20 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
IC Markets Global
IC Markets Global
Score
9.10
  • 15-20 years |
  • Regulated in Australia |
  • Market Making(MM) |
  • MT4 Full License
Official website

GO MARKETS

8.99
Score
Above 20 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
GO MARKETS
GO MARKETS
Score
8.99
  • Above 20 years |
  • Regulated in Australia |
  • Market Making(MM) |
  • MT4 Full License
Official website

FXCM

9.44
Score
Above 20 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
FXCM
FXCM
Score
9.44
  • Above 20 years |
  • Regulated in Australia |
  • Market Making(MM) |
  • MT4 Full License
Official website

Website

  • fxprimus-chinese.com

    Server Location

    Hong Kong

    Website Domain Name

    fxprimus-chinese.com

    Server IP

    43.240.28.79

Company Summary

Key Information Details
Company Name FXPRIMUS
Years of Establishment 2009
Headquarters China
Office Locations Limassol, Cyprus; Port Vila, Vanuatu
Regulation Unregulated
Tradable Assets Forex, Commodities, Indices, Equities, Cryptocurrencies
Account Types Standard Account, ECN Account, Islamic Account
Minimum Deposit $100 USD
Leverage Up to 1:1000
Deposit/Withdrawal Bank wire transfer, Credit Card, MoneyBookers, Click and Buy, CASHU
Trading Platforms MetaTrader 4, MetaTrader 5, cTrader
Customer Support Live Chat, Email, Phone Support

Overview of FXPRIMUS

FXPRIMUS is an unregulated foreign exchange broker that has been in operation since 2009. Based in China, the company offers forex and CFD trading services to investors. They provide ECN accounts with a minimum deposit requirement of $100, and the maximum trading leverage offered is 1:500. Traders can access a range of tradable assets, including forex pairs and CFDs on various instruments such as commodities.

The company allows deposit and withdrawal through bank wire transfer, credit cards, MoneyBookers, Click and Buy, and CASHU methods, without any associated fees for withdrawals. However, it is important to note that the spreads offered on certain instruments, such as EUR/USD and Gold, may be relatively higher compared to some other brokers.

basic-info

Regulation

FXPRIMUS operates as an unregulated broker, meaning it does not have any regulatory oversight or supervision from any financial authority. As an unregulated broker, FXPRIMUS is not subject to the rules, guidelines, or compliance standards set forth by regulatory bodies that oversee financial services providers. Trading with an unregulated broker like FXPRIMUS entails significant risks and disadvantages.

Without regulatory oversight, the broker may not be held to the same standards as regulated entities, potentially exposing traders to a higher risk of fraudulent activities, mismanagement of funds, and lack of transparency.

Pros and Cons

FXPRIMUS provides a wide range of tradable assets, including forex, commodities, indices, equities, and cryptocurrencies, allowing traders to access various financial markets. It offers different account types and multiple trading platforms, provides traders with flexibility and choice. FXPRIMUS also stands out in terms of maximum trading leverage, enabling traders to employ higher leverage strategies if desired. The broker's customer support options, including live chat, email, and phone support, ensure that clients can seek assistance through various channels.

Despite its offerings, there are notable drawbacks to consider when dealing with FXPRIMUS. The broker operates without any effective regulation, making it an unregulated entity. This lack of oversight raises concerns about client protection and financial transparency. Additionally, the spreads offered by FXPRIMUS on certain instruments, such as EUR/USD, Crude oil WTI, Gold, and BTCUSD, are relatively higher compared to other brokers, potentially leading to increased trading costs for traders. Furthermore, the website's inaccessibility, as reported with fxprimus-chinese.com, can raise doubts about the company's credibility and hinder traders from accessing essential information or creating trading accounts seamlessly.

Pros Cons
Several tradable assets Unregulated
Multiple account types Higher spreads on certain instruments
Various trading platforms Website inaccessibility
High maximum trading leverage

Inaccessible Website

FXPRIMUS website is currently inaccessible. An inaccessible website can have negative implications for the company's credibility. Without a functioning website, traders cannot access essential information about the company, its services, account types, and other crucial details needed to make informed decisions about trading with FXPRIMUS.

Furthermore, the absence of a functional account creation process means that interested traders cannot register to trade with the company. This lack of accessibility may deter potential clients from engaging with FXPRIMUS, as they are unable to proceed with the necessary steps to initiate a trading relationship with the broker.

Inaccessible Website

Market Instruments

FXPRIMUS market instruments consist of forex, commodities, indices, equities, and cryptocurrencies. The specifics are as follows:

 Market Instruments

Forex: FXPRIMUS offers forex trading, providing access to various currency pairs for traders to speculate on foreign exchange price movements.

Commodities: FXPRIMUS allows trading in commodities, providing opportunities to trade precious metals like gold, energies such as crude oil, and agricultural products.

Indices: FXPRIMUS offers trading on indices, enabling investors to speculate on the performance of stock market indices representing a specific group of companies.

Equities: FXPRIMUS provides access to equities trading, allowing investors to buy and sell shares of individual companies listed on various stock exchanges.

Cryptocurrencies: FXPRIMUS offers trading in cryptocurrencies, enabling investors to trade digital currencies like Bitcoin, Ethereum, Litecoin, Ripple, and Tether.

The following is a table that compares FXPRIMUS to competing brokerages:

Broker Market Instruments
FXPRIMUS Forex, Commodities, Indices, Equities, Cryptocurrencies
OctaFX Forex, Commodities, Indices, Cryptocurrencies
FXCC Forex, Commodities, Indices
Tickmill Forex, Commodities, Indices
FxPro Forex, Commodities, Indices, Cryptocurrencies

Account Types

Account types offered by FXPRIMUS include Standard Account, ECN Account, and Islamic Account. Specifics are as follows:

Standard Account: FXPRIMUS offers a Standard Account, which is a basic account type for traders looking to start trading with a lower initial deposit. This account allows leverage of up to 1:1000 and features starting spreads of 1.5 pips.

ECN Account: FXPRIMUS provides an ECN Account option, designed for traders seeking faster order execution and access to interbank liquidity. This account requires a minimum deposit of $100 and offers leverage of up to 1:500, with starting spreads as low as 0.3 pips.

Islamic Account: For traders who follow Islamic principles, FXPRIMUS offers an Islamic Account. This account type operates in accordance with Sharia law, ensuring that no swap or interest charges are applied to overnight positions. Similar to the Standard Account, it offers leverage of up to 1:1000 and starting spreads of 1.5 pips.

The specifics of the account types are as follows:

Account Type Minimum Deposit Leverage Starting Spreads
Standard $15 USD Up to 1:1000 1.5 pips
ECN $100 USD Up to 1:500 0.3 pips
Islamic $15 USD Up to 1:1000 1.5 pips

Minimum Deposit

FXPRIMUS offers relatively low minimum deposit rates for its account types. Traders can start with a minimum deposit of $15 USD for both the Standard Account and the Islamic Account. For those who prefer the ECN Account with faster execution and access to interbank liquidity, the minimum deposit requirement is set at $100 USD. These minimum deposit rates enable traders to access the different account types and begin their trading journey with the broker.

Leverage

FXPRIMUS provides different leverage levels based on the market instrument being traded. For major forex pairs, the broker offers maximum trading leverage of up to 1:1000, allowing traders to potentially amplify their positions. The leverage for minor forex pairs is up to 1:500. When trading commodities, the maximum leverage is up to 1:100, and for indices, it is up to 1:500. However, when it comes to cryptocurrencies, the leverage is limited to a maximum of 1:5.

Here's the table comparing the maximum leverage on market instruments offered by FXPRIMUS, OctaFX, FXCC, Tickmill, and FxPro:

Broker Major Forex Minor Forex Commodities Indices Cryptocurrencies
FXPRIMUS Up to 1:1000 Up to 1:500 Up to 1:100 Up to 1:500 Up to 1:5
OctaFX Up to 1:500 Up to 1:500 Up to 1:100 Up to 1:200 Up to 1:2
FXCC Up to 1:500 Up to 1:500 Up to 1:100 Up to 1:200 N/A
Tickmill Up to 1:500 Up to 1:500 Up to 1:100 Up to 1:200 N/A
FxPro Up to 1:500 Up to 1:500 Up to 1:125 Up to 1:20 N/A

Spread

FXPRIMUS offers varying spreads for different market instruments. For major forex pairs, the spread starts from 1.5 pips, while for minor forex pairs, it begins at 1.5 pips as well. When trading commodities, the spread starts from 1.7 pips. However, there is no specific information about the spread of indices and cryptocurrencies.

Deposit & Withdrawal

FXPRIMUS offers a range of deposit and withdrawal methods. Traders can do either using various options, including bank wire transfers, credit/debit cards, and e-wallets like Skrill, Neteller, WebMoney, Perfect Money, and Fasapay. Additionally, the broker supports depositing funds with China UnionPay, iDEAL, Sofort, Giropay, EPS, Przelewy24, Qiwi, Neosurf, AstroPay, and cryptocurrencies like Bitcoin, Ethereum, Litecoin, Ripple, and Tether.

Deposit & Withdrawal
Deposit & Withdrawal

Trading Platforms

FXPRIMUS provides traders with a choice of multiple trading platforms. Clients can opt for the popular MetaTrader 4 platform, known for its user-friendly interface, advanced charting tools, and automated trading capabilities through Expert Advisors (EAs).

The broker also offers the MetaTrader 5 platform, an upgraded version of MT4, providing additional features and asset classes for trading. For traders who prefer an alternative, FXPRIMUS supports the cTrader platform, offering advanced trading functionalities, level II pricing, and a customizable interface.

Trading Platforms
Trading Platforms

The following is a table that compares FXPRIMUS's trading platforms to that of competitors:

Broker Trading Platforms
FXPRIMUS MetaTrader 4, MetaTrader 5, cTrader
OctaFX MetaTrader 4, MetaTrader 5
FXCC MetaTrader 4
Tickmill MetaTrader 4, WebTrader
FxPro MetaTrader 4, MetaTrader 5, cTrader

Customer Support

FXPRIMUS purportedly offers the following support options, including live chat, email and phone support. Specifics on the different types are as follows:

Live Chat: FXPRIMUS offers live chat support as one of its customer support options. Traders can engage in real-time conversations with support representatives through the website, seeking assistance and resolving queries efficiently. However, this is currently unavailable due to the unavailability of the website.

Email: For more formal communication, traders can reach out to FXPRIMUS through email. By sending an email to the designated support address,assets@FXPRIMUS.com, clients can seek assistance or inquire about various matters related to their trading accounts.

Phone Support: FXPRIMUS provides phone support for clients who prefer direct verbal communication. Traders can contact the broker's support team via phone to discuss any trading-related issues or seek immediate assistance.

Conclusion

In conclusion, FX,PRIMUS is an unregulated forex broker that offers a variety of financial instruments, including forex, commodities, indices, equities, and cryptocurrencies. Traders can choose from different account types, including a Standard Account, an ECN Account, and finally an Islamic Account.

The broker provides various trading platforms, such as MetaTrader 4, MetaTrader 5, and cTrader, catering to traders' preferences. However, the unregulated status of FXPRIMUS matched with the lack of an accessible website may raise concerns for potential clients seeking regulatory oversight for their investments.

FAQs

Q: What types of financial instruments can be traded with FXPRIMUS?

A: FXPRIMUS allows trading in forex, commodities, indices, equities, and cryptocurrencies.

Q: How many trading platforms does FXPRIMUS offer?

A: FXPRIMUS provides three trading platforms: MetaTrader 4, MetaTrader 5, and cTrader.

Q: Is there an option for an Islamic Account?

A: Yes, FXPRIMUS offers an Islamic Account adhering to Sharia principles.

Q: What are the available customer support options?

A: Traders can access customer support through live chat, email, and phone channels.

Q: Does FXPRIMUS have any regulatory oversight?

A: No, FXPRIMUS is not regulated by any regulatory authority recognized by WikiFX.

Q: What is the maximum trading leverage offered for major forex pairs?

A: FXPRIMUS offers a maximum trading leverage of up to 1:1000 for major forex pairs.

Keywords

  • 2-5 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk
Write a comment
Positive
Neutral
Exposure

Content you want to comment

Please enter...

Submit now
Write a comment
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com