Categorii: Forex Trading

Is FXPrimus a Scam? Detailed FXPrimus Review Updated 2024

scammed by fxprimus

For instance, using CFDs, you use the FXPrimus trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. FXPrimus MetaTrader 5 Can Operate on newer iOS devices like the iPhone and iPad.MetaTrader 5 requires a mobile internet connection or a connection to Wi-Fi.You should upgrade the iOS MetaTrader 5 app regularly. New versions provide improved functionality and increased stability.FXPrimus MetaTrader 5 allows traders to look at market statistics of financial instruments traded in the market execution mode.

Educational Resources

scammed by fxprimus

Ideally, a broker’s website should provide clear and distinct pages for each section, making it easy for visitors to find relevant information and make informed decisions. TradingBeasts helps individual traders learn how to trade forex, cryptocurrencies and other assets as CFDs.We actively trade, publish educational articles and news. We verify and compare brokerage companies and warn our readers about suspicious projects or scam marketing campaigns. We are also a community of traders that support each other on our daily trading journey. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that FxPrimus is not a scam, read our trader reviews and check other popular trading related websites and forums.

FXPrimus Metatrader Mobile Application Features

scammed by fxprimus

For individuals in pursuit of a hassle-free trading experience devoid of additional charges, they introduce the PrimusCLASSIC account. By collaborating with renowned industry professionals and utilizing state-of-the-art tools, FXPRIMUS delivers rapid execution rates and minimal delays, culminating in a flawless atmosphere for traders to operate. To enhance the safety of customer funds, they partner with leading financial institutions to offer liquidity solutions. HSBC is one such custodian that plays a crucial role in this collaboration. Yes, they enable social and copy trading, which allows traders to replicate the techniques of more experienced traders. I signed up an account not know much about it, but after registering I had the member of the team called me and assessed me with a very think and still helping me with the platform.

Deposit Methods:

Please note that may have financial relationships with some of the merchants mentioned here and may be compensated if consumers choose to click the links located throughout the content on this site. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The material does not contain (and should not be construed as containing) investment advice or an investment recommendation,or, an offer of or solicitation for, a transaction in any financial instrument. Stocks, currency and other commodities and instruments will be brought or sold by FXPrimus even if no buyer or seller is lined up. FXPrimus is overseen by the top tier financial regulators Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) so can be considered a good broker. After extensive research over several years, we have compiled a list of the most effective FXPrimus alternatives available today.

Supported Countries

FXPRIMUS aims to simplify the funding process by eliminating deposit and withdrawal fees. One major selling point of the platform lies in its customizability – traders can tailor their setups to suit their preferences using an array of technical indicators and charting tools. Yes, the PrimusPRO account is designed for professional traders with special trading requirements. However, no swap fees are accumulated on overnight positions due to ethical business practices upheld by the broker’s comprehensive trading expertise for a complete experience. This, in turn, empowers traders with the tools and strategies they need to achieve their trading objectives effectively.

  1. FXPrimus is regulated.This means FXPrimus are supervised by and is checked for conduct by the Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) regulatory bodies.
  2. Clients can choose to trade with popular trading platforms such as MetaTrader 4, MetaTrader 5, cTrader, and WebTrader, providing a variety of trading options.
  3. In an unfavourable market move, leverage can result in a loss that exceeds the trader’s account balance, leaving them with a negative account balance.
  4. For instance, users can select the timings of candlesticks and use other trading indicators to have a good sense of technical analysis.

FXPRIMUS offers approximately a 100% bonus on the deposit, which is indeed one of the plus points of this online brokerage platform. In addition, it provides access to 130 markets, including forex, commodities, cryptocurrencies, and stocks. FXPRIMUS is one of the best online brokerage platforms operating since 2009. Its headquarters fxprimus review is in Cyprus, but its offices are distributed across several countries. It exclusively offers the gold trading platform and 10 different trading instrument pairs, which is why it is one of the most popular platforms. FXPrimus provides its vast clientele with the fundamental MT4, MT5, and cTrader trading platforms.

What can you trade?

The company’s emphasis is on putting the customer first and offering tailor-made experience to embrace traders of every level. Special promotions such as deposit bonuses, welcome bonuses, trading competitions, and rewards programs can be quite appealing to traders. These offers add value to the trading experience and can even make the difference when traders choose between different brokers. Top-tier online brokers, such as ZFX, understand the importance of these incentives and often consider them as part of their standard offerings.

Never trade with money you cannot afford to lose.Losses can exceed deposits. Negative balance protection is important for traders using leverage on platforms like FXPrimus. In an unfavourable market move, leverage can result in a loss that exceeds the trader’s account balance, leaving them with a negative account balance. If a FXPrimus trading position does not go in your favour, this is where negative balance protection comes in handy. When using FXPrimus, the minimum trade size is typically 0.01 Lot units of the base currency of the instrument being traded.

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. FXPRIMUS is a leading online investment and trading platform, designed to help clients achieve maximum profit, bonuses and safe withdrawal without the need for extensive study or experience. FXPRIMUS  is a global entity with regional offices almost all over the world. Please read about terms and condition before acquiring or investing with any online trading platform, many traders tend to neglect that and take it for granted.

FXPrimus has a reputation for efficient and reliable fund transfers, and adhere to the rules of the financial regulators they are regulated with. When you submit a withdrawal request, FXPrimus will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like FXPrimus, you can enjoy peace of mind and focus on your trading activities.If FXPrimus violate any regulatory rules their regulated status could be stripped. FXPRIMUS have a selection of efficient, powerful and advanced trading platforms that are available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet).

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. Customer support is available in an impressive number of languages including English, Chinese, Vietnamese, Thai, Malaysian, Russian, Spanish, Portuguese, Arabic, Hungarian, Indonesian, Swedish, Czech & Farsi. They have a team of experienced financial analysts that have compiled together a comprehensive library of educational training videos, seminars and webinars. These provide detailed insights and special reports to help increase your trading knowledge and skills, whilst helping with making informed trading decisions. This type of educational content could cost a lot of money from a third-party provider so it is great that the broker provides it to you free of charge. It also goes to show that they want to help beginners to be informed traders.

Credit/debit cards and e-wallets support USD, EUR, SGD, GBP, PLN, and HUF. Only verified trading accounts may request withdrawals, and FXPrimus processes withdrawal requests Monday through Friday between 0700 and 2100 (GMT+2). The commission-free pricing environment begins with an expensive 1.5 pips or $15.00 per round lot and is the only one that offers MT4 and cTrader. FXPrimus gives access to trade over 120 Instruments including Forex, Commodities, Stocks, Energies, indices, and cryptocurrencies. Due to its headquarter in Cyprus broker is authorized to provide services to European clients as per the Cyprus Securities and Exchange Commission CySEC regulation. With Negative balance protection, traders cannot lose more money than they have deposited.

I gave them 5 stars when I started but I recently switched to a real broker and realised just how bad fxPrimus truly is. If you already are a victim of FXPRIMUS fraud, you should click on the link global trade recovery    and report them to us immediately for help in getting back your refund. It is important that they know about these scams and tries to find the sources. However, are you going to get your money back, yes with GLOBAL TRADE RECOVERY COMPANY you can get back all your lost money and its 100% guaranteed. One of the most ignored trading costs is swap rates on leveraged overnight positions.

Scammers will likely compose false urgent situations and pressure their victims to “recover” after a loss, meaning to invest again. They would render it impossible for traders to withdraw their funds after an investment. It is also common to have dysfunctional platforms or irregular execution of orders.