FXPRIMUS Journal

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FXPRIMUS Profile
Year
2009
Country
Cyprus
Branches
2
Regulation
CySEC Cyprus, FSCA South Africa, VFSC Vanuatu
Registration
Cyprus Investor Compensation Fund (ICF), Renaissance Insurance Brokers
Investor protection
Fund protection
...
Publicly traded
no
Restricted countries
Not serving
х Australia, Belgium, France, Iran, Japan, North Korea, US
Broker type
MM, ECN marketing
Dealing book
A+B hybrid book, A-book
Tier
3
Execution speed
400 ms
LPs total
3
LPs quality
Tier-1 Banks
LPs names
not disclosed

FXPRIMUS Accounts
MM
ECN
Minimum Deposit
500 $
2500 $
Leverage
30 : 1
30 : 1
Minimum Lot
0.01 lots
0.01 lots
EURUSD spread
0.1 pips
0.1 pips
Commission
0 $/lotRT
10 $/lotRT
Volume
50 lots
50 lots
Margin Call
30 %
30 %
Stop Out
30 %
30 %
Execution
Market
Market
Spread
floating
floating
Scalping
yes
yes
Update broker

Is FXPRIMUS safe?

  • Investor protection: ...
  • Regulation: CySEC Cyprus, FSCA South Africa, VFSC Vanuatu
  • Registration: Cyprus Investor Compensation Fund (ICF), Renaissance Insurance Brokers
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: yes

Is FXPRIMUS trusted?

  • Information transparency: limited ★★
  • Customer service: prompt, helpful ★★★★★
  • FXPRIMUS website: uninformative, updated ★★
  • FXPRIMUS popularity (by visitor count): average ★★★

How FXPRIMUS works

Top-tier Liquidity FXPRIMUS clients benefit from deep liquidity, provided by international top-tier banking institutions.

As an added safety measure, FXPRIMUS has introduced a professional indemnity insurance of €2.5million.

https://www.fxprimus.com/int/company/safety-of-funds/

4.1 The Company is authorised by VFSC to provide investment services as a Principal Dealer in Securities. The Client confirms he understands and accepts that, when the Company is arranging to offer or perform any of its services to a Client, may critically depend in doing so on other third parties involved in the relevant operation/dealings.

7.2 When trading in CFDs, the Client is trading on the outcome of the price of an Underlying Asset and that trading does not occur on a regulated market but over-the-counter (OTC). The Client accepts that the Company is the only execution venue, which is a non-regulated market.

14.3...The Company receives fees/commission from the counterparties through which it executes Transactions. This fee/commission is related to the frequency/volume of Transactions executed through the counterparty and/or other parameters.

https://dwj7fa0133ng0.cloudfront.net/nfiles/doc/Client_Agreements_VU/FXPRIMUS-Client-Agreement-VU.pdf

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