The Company

FXPRIMUS is a retail forex broker, offering wide range of currency pairs, precious metals and various CFDs on energy products, indices and 5 cryptocurrencies (Bitcoin, Ethereum, Ripple, Litecoin and Dash). FXPRIMUS is the trading name of Primus Global Ltd (previously known as FX Primus Europe (CY) Ltd.), a Cypriot Investment Firm (CIF), registered in the European Union and licensed by Cyprus Securities and Exchange Commission (CySEC).

Currently Cyprus is among the most attractive forex broker destinations and one of the reasons for that surely is balanced regulation. Tough regulation with high entry capital requirements and low maximum leverage has reduced competition in the United States and Japan, while light touch regulation affects credibility and safety. CySEC applies certain rules and requirements to Cyprus Investment Firms, which are not as stringent as those in the US, for instance, however they provide a certain level of credibility. Cypriot Investment Firms must hold at least €730 000 in order to prove their good financial standing. Besides, they are required to keep customer funds in  segregated accounts, separated from the company’s operating funds.

As a further guarantee to clients’ funds, all CySEC-regulated companies are members of the Investor Compensation Fund, which is able to pay compensation up to 20,000 EUR, If the company is in default. In November 2016  the broker increased client fund insurance protection with additional up to €2.5 million. The offering is available to all live trading account holders and is underwritten by Lloyd’s. 

Additionally, every CySEC- regulated investment company is also MiFID compliant and therefore entitled to offer cross-border services within the EU under the MiFID Passporting Regime. What is more, the broker is also registered with a number of EU regulators, including UK’ FCA, Germany’s BaFin and others. It seems that the Primus group has a UK brand, Primus Capital Markets UK (PCM UK). Besides, FXPRIMUS used to hold a license in Mauritius, but in late March 2016 the local financial regulator, the Financial Services Commission (FSC), revoked it.

Company Overview

Company Name
Primus Global LTD
Headquarters
Govant Building , BP 1276 , Port Vila , Vanuatu
Website
www.fxprimus.com
Regulation
CySec , VFSC
Trading Instruments
Forex , Indices , Equities , Metala , Energies , Cryptocurrencies
Trading Platform
MT4
(desktop , mobile , webtrader)
Deposit /
Withdrawal
Visa/Mastercard , Neteller , Skrill , WebMoney , Union Pay , fasaPay , Qiwi , Wire Transfer , Local Depositor
Bonus
100% Trading Bonus , 30% Trading Bonus , Zero Fees
Services
P.A.M.M , VPS Hosting Service
Customer Service
Live Chat


Trading Accounts

Account type
Minimum deposit
Minimum trade size
Maximum leverage
 Average Spreads 
Variable spread
 $1000
0.01
1:400
1.5 pips on EUR/USD
ECN Premier
 $2 500
0.01
1:400
0,4 pips on EUR/USD + $10 commission per lot

FXPRIMUS offers its clients two trading account options: Variable spread and ECN Premier. Both accounts provide leverage up to 1:400, micro lots for trade and variable spreads. The ECN premier account holders are offered tighter spreads, however a commission applies for the ECN environment, while the Variable spread account is commission-free.

In addition, FXPRIMUS provides swap-free (Islamic) accounts, which are Sharia compliant (for Muslim investors who are unwilling to earn interest for religious reasons), as well as percentage allocation money management (PAMM) services. The FXPrimus PAMM accounts are fully automated both for the skilled traders and the investors.
*Risk Warning: Forex and CFD trading involves significant risk to your invested capital.