About FXPRIMUS
Who is FXPRIMUS?
FXPRIMUS is a retail forex and CFD broker established in Vanuatu in 2020 (registered as a company on 31 March 2021). Its official website is myprimusmarkets.com. The broker positions itself as a technology-driven, secure trading environment catering to traders of all levels. It claims to be trusted by over 5 million client accounts and to offer more than 1,000 trading instruments.
Regulation & Licensing
According to known regulatory records, FXPRIMUS holds licences from two regulators: the Cyprus Securities and Exchange Commission (CYSEC) with a Market Making (MM) licence in Cyprus, and the Vanuatu Financial Services Commission (VFSC) with a Forex Trading Licence (EP) in Vanuatu. However, the status of these licences is not specified in the available data. The broker's registration address is Govant Building, BP 1276, Port Vila, Vanuatu.
Account Types & Trading Conditions
FXPRIMUS offers four live account tiers: PrimusCLASSIC (minimum deposit $15, leverage up to 1:2000, spread from 1.5 pips, commission-free), PrimusPRO (min $500, leverage 1:500, spread from 0.3 pips, commission $8–$10 per lot), PrimusZERO (min $1,000, leverage 1:500, spread from 0.0 pips, commission $5 per lot), and PrimusSYNTHETICS (details not available). A demo account is available with $0 deposit and 1:1000 leverage. The broker claims no hidden fees and free deposits/withdrawals.
Platforms & Instruments
Trading is available on MetaTrader 4 (MT4), MetaTrader 5 (MT5), and WebTrader. The broker states it provides over 1,000 instruments across forex, precious metals, energies, indices, equities, and cryptocurrencies. On MT5, traders can access Depth of Market and advanced strategy tester tools for algorithmic trading.
Additional Features
FXPRIMUS offers copy trading, allowing users to replicate strategies of top traders or become strategy providers. It also runs promotional bonuses including a 100% deposit bonus and cashback programs. The broker provides 24/5 personal support and an Introducing Broker (IB) program with high commissions. Not accepted jurisdictions include Australia, Belgium, Iran, North Korea, and the USA.
Target Audience
The broker aims to serve both beginners and experienced traders. The PrimusCLASSIC account is marketed for newcomers due to its low deposit and commission-free structure, while PrimusPRO and PrimusZERO are designed for intermediate and professional traders seeking tighter spreads and lower commissions. The demo account facilitates practice and strategy testing.
Risk Considerations
Trading forex and CFDs with leverage carries significant risk. FXPRIMUS offers leverage as high as 1:2000 on the Classic account, which can amplify both gains and losses. While the broker holds regulatory licences, the specific status and oversight of the Vanuatu and Cyprus licences are not fully detailed. Traders should exercise caution and consider the high-risk nature of leveraged trading.
Overview compiled by FXCanary from regulatory records and public data. full FXPRIMUS review