Tuesday 16 December 2014

FXPrimus Review



FXPrimus brokerage was founded in 2009 in Ebene Mauritius. Their website can be assessed in English but their metatrader4 is accessible in 28 different languages. The development of the internet world in the recent years led to many businesses doing their business online. Many forex brokerages likewise have taken advantage of the internet upsurge to make their services available to traders all over the world. FXPrimus is one of those brokerages that have joined the internet race and is actually doing great in the market.

FXPRIMUS.com was founded by retail traders but it is being administered and managed by a team. Terry Thompson is the president of this brokerage company. FXPRIMUS.com has  its offices in over 200 countries globally. The FXPrimus broker is among the first forex brokers that have an ISO 27001 certification. They are regulated by FSC Mauritius.

FX Primus Ltd Head office is located in Mauritius with the address below:


Ebène House,
3rd Floor, 33 Cybercity,
Ebène, Mauritius

Phone: +44 20 3318 0459
Email: support@fxprimus.com
They as well have offices in other places such as

Mongolia Office

FXPRIMUS Mongolia


Rokmon Building, 10th Floor, 
Office #1006, Undsen Khuuliin Street
24, 2 Khoroo, Bayangol District,
Ulaanbaatar, Mongolia

Phone: +976 7010 5075
Email: support@fxprimus.com

Nigeria Office 
FXPRIMUS Nigeria Limited


Plot 15, Block 113, lekki Penisula
Scheme 1 Lekki, Lagos Island

Phone: +234 808 989 2338
Email: nigeria@fxprimus.com

Peru Office
FXPRIMUS PERU SAC


Manuel Olgiun 215 of. 704,
Surco, Lima 33, Peru

Phone: +51 (1) 700 7995
Email: supporte@fxprimus.com
The FXPrimus brokerage has received several awards including two awards that were given to it this year, 2013. The global Banking and Finance Review this year awarded FXPrimus as the best broker in Asia and Best Trade Execution in Asia, 2013. See the screen shot of the award medal below:



FXPRIMUS works hard to join the league of leading Forex brokers on the internet. They have their website redesigned and re-organized to ensure they meet up with this goal. Nevertheless the designed alone is not compelling enough to make expert traders to try the FXPrimus platform but the security is much more important. At FXPrimus all funds deposited by customers are managed by a third part. With this in place, FXPrimus guarantees its loyal customers of the security of their funds at all times.



FXPRIMUS.com is conscious of the fact that all traders are unequal in terms of their skills in the trading and has incorporated this in their platform to accommodate all traders both novice traders and advanced traders. Traders on logging in into the platform are required to state whether they are new traders or experienced traders. If you are a new trader the platform will re-direct you to where you get more forex education but for expert traders the platform will direct them to where they will access all the tools they need to execute trade successfully.

FXPRIMUS.com provides their customers with various trading options. They can decide to opt for the trendy, trustworthy and well-known Meta Trader 4 forex platform or the much simplified web based trading platform. They also provide an alternative of mobile trading through their mobile platform.
Their platforms are
·        MetaTrader4
·        FXPRIMUS WebTrader
·        iPhone
·        iPad
·        Android
The MetaTrader4 platform is ideal for traders with any level of experience. It is trendy for its easy to use interface, sophisticated charting features, technical analysis tools and automatic forex trading abilities. FXPrimus MetaTrader 4 platform gives room for clients to open multiple accounts on the following base currencies- USD, EUR, GBP, AUD and SGD s well as permits support trading in over 30 different languages.
It also automatically allows you to trade in a number of extra currency pairs. With the platform, the traders are as well able to make a switch between the broker’s 83 tradable assets including currency pairs, stocks and commodities.


FXPRIMUS.com just like many forex brokers provides its first time customers the opportunity to try their system through the demo account. The demo account allows to customers the opportunity of trading up to $50,000 virtual money. The customers after the trial period can decide to open or not open an account with them. When they decide to open an account they can open an account with as little as $250. They also offer customers 3 types of spreads: ECN, variable spreads and fixed spreads. Traders have the choice of choosing the one that suits them.  FXPrimus’ live Trading accounts are divided into

·        Individual Account
·        Joint Account
·        Corporate Account

Commodities
·        Traders can trade on
·        Forex
·        Future
·        Indices
·        Equities
·        Other CFD transactions

Currencies
Signing up with FXPRIMUS is completely standard. FXPrimus allows traders to deposit funds through a lot of channels such as Moneybookers, wire transfer and credit card. All these methods of depositing money are entirely hassle-free. Also, the traders’ account can be funded in any of the following currencies- USD, EUR, GBP, and SGD depending on the type of account they are funding. Again, funds withdrawal is as hassle-free as it is to deposit funds. It takes about 24 hours for you to withdraw your funds.

Customer Service

FXPrimus not only promise to provide reliable and excellent customer services to their clients but they actually fulfill that promise. Email inquiries at FXPrimus take about 5 minutes to receive a response from their customer care representatives which is great. They also offer life chats and telephone inquiries to those who prefer those methods.

The customer services can be accessed in English language and 3 other languages- Bahasa Indonesia, Simplified Chinese and Spanish. If ever you are in need of their technical support, you have the option to contact by live chat, email or by phone. They give the same attention to new and experienced traders.

Overall Rating

The average rating of this broker is 4.8 out of 5 stars. See screen shot below:

Pros
·        
They offer excellent customer support

·        They are as well a STP broker. What this means is that your trade is swiftly processed and you are not trading against your broker but that you are getting a fair trade.
·        They are among the few online brokers that are certified by ISO
·        They offer varieties of the least available spre4ads as well as allow you to choose the spread type of your choice- Fixed, Variable or ECN Premium spreads.
·        They have no restrictions on hedging
·        They provide trading opportunities for other assets apart from forex
·        Their MetaTrader4 is highly reliable.
·        They provide well-organized 24 hours Customer Support.
·        They provide free real-time market news.

·        Ethical and professional broker

   

Cons
·        At times, People’s freezing of ECN MT4 Platform occurs and would not resume work in about 5-8 minutes but occasionally.
·        They don’t accept US Clients
·        They don’t yet support Paypal as a means of payment.


Conclusion

Just like we said above FXPRIMUS.com was set up by retail traders which makes it easy for them to understand the needs of their fellow traders. They endeavor to provide all its customers with an effective trading tools like a trading platform which is stable, low spreads and top notch customer service. It is difficult to find a forex brokerage in the market which can outperform the excellent quality of services provided by FXPrimus. They are already a brokerage with a global base. They are highly sensible to the trading needs of their customers both financially and emotionally. They make trading exceptionally pleasant for all traders especially those that use the metaTrader4 trading platform.

References:
·        Forex Peace Army (http://www.forexpeacearmy.com/public/review/www.fxprimus.com)
·        Forex empire (http://www.fxempire.com/forex-brokers/fxprimus/review/)
·        Daily Forex  (http://www.dailyforex.com/FXPRIMUS/FXPRIMUS-review/454) 
·         Myfxbook (http://www.myfxbook.com/reviews/brokers/fxprimus/15195,1)
·        (http://forexbroker-check.com/forex-broker/fxprimus.html)     
·          (http://forexbrokersreview.net/fxprimus-reviews/)                                                                               
·        http://forexbrokersreview.net/fxprimus-reviews/)
·        http://forextradingmalaysia.org/fxprimus-review
·        http://www.forexbrokerz.com/brokers/fxprimus
·        http://finance.yahoo.com/news/fxprimus-wins-two-awards-global-055849776.html

2 comments:

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