Primus Global Ltd

Primus Global Ltd operates under the brand FXPrimus and is a retail forex and CFD broker. The company is registered in Cyprus, though its exact founding date is not publicly disclosed. It provides online trading services to a global clientele, with a particular focus on retail traders. The broker's official client portal is accessible at clients.fxprimus.com, while its main website provides public information about its offerings.

According to its website, FXPrimus serves over 5 million client accounts and offers more than 1,000 trading instruments. The broker positions itself as a technology-driven platform that prioritizes security and transparency. It supports both manual and automated trading, including copy trading, and provides educational resources for beginners.

FXPrimus is regulated by the Cyprus Securities and Exchange Commission (CySEC) under a CIF licence (no 261/14). This licence authorizes the broker to operate across the European Economic Area under MiFID II. Regulation by CySEC imposes certain safeguards, such as negative balance protection, segregation of client funds, and compliance with capital requirements.

Despite this oversight, FXCanary's aggregated industry data notes a risk flag: no verifiable website or social-media presence beyond the main site. This may indicate limited public engagement or transparency. The broker's FXCanary Scam Risk Score is 34 out of 100, classified as 'Guarded,' suggesting moderate risk. Traders are advised to verify the broker's credentials independently before committing funds.

FXPrimus offers four trading accounts: PrimusCLASSIC, PrimusPRO, PrimusZERO, and PrimusSYNTHETICS. The Classic account requires a minimum deposit of $15 and is aimed at beginners, with zero commissions and leverage up to 1:2000. The Pro account requires $500 and offers tighter spreads with low commissions ($8–$10 per lot) and leverage up to 1:500. The Zero account, for high-frequency traders, features zero spreads and high leverage, though its minimum deposit is not specified. The Synthetics account targets simulated market conditions.

Account types are designed to cater to different trader profiles, from casual beginners to experienced professionals. Each account provides access to the same range of instruments, including forex, metals, and indices. The broker also offers a demo account for practice.

FXPrimus provides its clients with MetaTrader 4 (MT4), MetaTrader 5 (MT5), and a proprietary WebTrader. These platforms are available on desktop, web, and mobile devices, offering flexibility and advanced charting tools. MT4 and MT5 support automated trading via Expert Advisors (EAs) and custom indicators.

Additionally, the broker offers a copy trading feature that allows traders to replicate the strategies of top performers. The platforms are designed for fast execution and include analysis tools suitable for professional-grade trading. The broker also provides an educational section with video tutorials and articles.

FXPrimus offers over 1,000 trading instruments, including forex pairs, commodities, indices, and potentially synthetic instruments. The forex offering covers major, minor, and exotic pairs. Precious metals such as gold and silver are available, along with energy commodities like oil. Indices from major global markets are also part of the product range.

The broker's spreads are variable, with claim averages such as 1.5 pips on EUR/USD for the Classic account and 0.3 pips for the Pro account. Commission structures vary between account types. The broker states that it does not charge fees on deposits and covers withdrawal fees.

FXPrimus supports a range of payment methods for deposits and withdrawals, including bank wires, credit/debit cards, and various e-wallets. The broker claims no hidden fees on deposits and that it covers all withdrawal costs. Processing times are not explicitly stated but are described as quick.

However, the broker notes that intermediary bank fees may apply for wire transfers, and these are not covered by FXPrimus. The minimum deposit varies by account type, starting at $15 for the Classic account. Withdrawals are subject to verification procedures as per regulatory requirements.