Score

2.46 /10
Danger

FXPRIMUS

Regulated in Cyprus

Market Maker (MM)

White label MT4

South Africa Financial Service Corporate Expired

Suspicious Overrun

High potential risk

Offshore Regulated

C

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Comparison

Quantity 50

Exposure

Open Account
Website

Score

Regulatory Index6.83

Business Index8.02

Risk Management Index0.00

Software Index9.44

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

MY SCM
2020-01-01

Broker Information

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Company Name

Primus Global Ltd

Company Abbreviation

FXPRIMUS

Platform registered country and region

Cyprus

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 5
Previous Detection : 2025-05-16
  • The WikiFX cloud system has verified this broker has way too many complaints, and it is in the WikiFX complaint blacklist. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 46 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
Expose
    Sources
    FXPRIMUS · Company summary
    FXPRIMUS Review Summary
    Founded2009
    Registered Country/RegionCyprus
    RegulationCYSEC
    Market InstrumentsForex, Equities, Energies, Precious Metals, Indices, Cryptocurrencies, Stocks
    Demo Account
    LeverageUp to 1:1000
    SpreadFrom 1.5 pips (PrimusCLASSIC account)
    Trading PlatformsMT4, MT5, WebTrader
    Minimum Deposit$15
    Customer SupportContact form, live chat 24/5
    Email: support@fxprimus.com
    Facebook, Twitter, Instagram, LinkedIn, YouTube
    Address: Govant Building, BP 1276, Port Vila, Vanuatu
    Kolonakiou 57, Linopetra, 4103, Limassol Cyprus

    FXPRIMUS is a CySEC-regulated retail forex and CFD broker, founded in 2009 and headquartered in Cyprus. FXPRIMUS offers trading on diverse financial instruments including Forex, Equities, Energies, Precious Metals, Indices, Cryptocurrencies, and Stocks. It provides different account types with $15 minimum deposits and flexible leverages. As to trading platforms, MT4, MT5, and WebTrader are supported.

    FXPRIMUS' homepage

    Pros and Cons

    ProsCons
    Regulated by CYSECExpired license with the FSCA
    Diverse customer support channelsOffshore license with the VFSC
    Demo accounts availableHigh leverage risks
    A wide range of products
    Diverse account types
    Low minimum deposit
    Flexible leverage ratios
    Multiple trading platforms

    Is FXPRIMUS Legit?

    Yes, FXPRIMUS is regulated by CySEC. However, please note that it has an expired license with the FSCA and an offshore license with the VFSC.

    Regulated CountryRegulated AuthorityCurrent StatusRegulated EntityLicense TypeLicense Number
    Cyprus
    The Cyprus Securities and Exchange Commission (CySEC)RegulatedPrimus Global LtdMarket Maker (MM)261/14
    South Africa
    The Financial Sector Conduct Authority (FSCA)ExpiredPRIMUS AFRICA (PTY) LTDFinancial Service Corporate46675
    Vanuatu
    The Vanuatu Financial Services Commission (VFSC)Offshore RegulatedPrimus Markets INTL LimitedRetail Forex License14595
    Regulated by CySEC
    Expired FSCA license
    Offshore regulated by VFSC

    What Can I Trade on FXPRIMUS?

    On FXPRIMUS, you can trade with Forex, Equities, Energies, Precious Metals, Indices, Cryptocurrencies, and Stocks.

    Tradable InstrumentsSupported
    Forex
    Energies
    Metals
    Indices
    Cryptocurrencies
    Stocks
    Bonds
    Options
    ETFs
    Mutual Funds
    What Can I Trade on FXPRIMUS?

    Account Type

    Account TypeMinimum Deposit
    PrimusCLASSIC$15 USD
    PrimusPRO$500 USD
    PrimusZERO$1,000 USD

    Leverage

    The maximum leverage is up to 1:1000 for PrimusCLASSIC account. Note that high leverage can amplify both profits and losses.

    Account TypeMaximum Leverage
    PrimusCLASSIC1:1000
    PrimusPRO1:500
    PrimusZERO1:500
    Leverage

    Spreads and Commissions

    Spreads and commissions vary on the account type, detailed info are as follows:

    The PrimusCLASSICaccounthas no commission fees, both starting from 1.5 pips for the average spread.

    ThePrimusPRO account offers a lower spread starting from 0.3 pips, but with a commission of $8 (on MT5).

    ThePrimusZERO account has the lowest spread, starting from 0 pips, and charges a commission of $5.

    Account TypeSpreadCommission
    PrimusCLASSICFrom 1.5 pips
    PrimusPROFrom 0.3 pips$8 (MT5)
    PrimusZEROFrom 0 pips$5

    Trading Platform

    Trading PlatformSupportedAvailable DevicesSuitable for
    MT4Windows, iOS, AndroidBeginners
    MT5Windows, iOS, MAC, AndroidExperienced traders
    WebTrader//
    Trading Platform

    News

    ExposureFXPRIMUS's Withdrawal Woes Strike Again

    Amidst the labyrinth of online trading, a troubling tale unfolds, echoing the struggles of an investor entangled in a tumultuous relationship with FXPRIMUS, drawn in by the promise of financial growth via Telegram ads.

    WikiFX
    2023-11-30 17:03
    FXPRIMUS's Withdrawal Woes Strike Again

    ExposureAlert: FXPrimus Withdrawal Issues Increasing

    Alert: Rising FXPrimus withdrawal issues reported by traders. Learn about the risks and trader experiences with this online trading platform.

    WikiFX
    2023-11-30 10:25
    Alert: FXPrimus Withdrawal Issues Increasing

    ExposureOne more user complaints against Fxprimus

    A user filed complaint against FXPrimus and wrote in his complaint that “I wanted to buy gold due to the war because many brokers I followed were saying that gold would rise, then I closed my transactions by taking profit and continued trading”.

    WikiFX
    2023-11-08 15:24
    One more user complaints against Fxprimus

    NewsWIKIFX REPORT: Forex & CFDs broker FXPRIMUS announces rebrand

    FXPRIMUS has revealed the launch of its new brand as well as multiple enhancing features for its clients.

    WikiFX
    2022-07-01 14:16
    WIKIFX REPORT: Forex & CFDs broker FXPRIMUS announces rebrand

    User Reviews

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    User comment

    51

    Comments

    Write a review

    Darry
    more than one year
    FXPRIMUS is the real deal, man! They've got their ducks in a row with regulation, so you can trade with confidence. And when it comes to choosing what to trade, they've got a good mix of options like currencies and CFDs. Whether you're just starting out or you're a seasoned pro, FXPRIMUS has got you covered. All in all, it's a solid choice for anyone looking to get into the trading game.
    FXPRIMUS is the real deal, man! They've got their ducks in a row with regulation, so you can trade with confidence. And when it comes to choosing what to trade, they've got a good mix of options like currencies and CFDs. Whether you're just starting out or you're a seasoned pro, FXPRIMUS has got you covered. All in all, it's a solid choice for anyone looking to get into the trading game.
    Translate to English
    2024-07-08 18:31
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    Egemen Mustafa Şener
    more than one year
    FXPRIMUS impresses with its advanced forex calculator, aiding in precise risk management and trade planning. This tool enhances their already robust trading environment, making it a top choice for serious Forex traders.
    FXPRIMUS impresses with its advanced forex calculator, aiding in precise risk management and trade planning. This tool enhances their already robust trading environment, making it a top choice for serious Forex traders.
    Translate to English
    2024-02-05 22:33
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