FX Primary Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-22 18:24

Abstract：FX Primary is a newly-established unregulated broker, offering trading in forex, commodities, and indices with leverage up to 1:200 and spread floating around 0.1 pips via the MT4 trading platform. Demo accounts are available and the minimum deposit requirement to open a live account is as low as $10.

　　Note: FX Primary's official website: https://fxprimary.com is currently inaccessible normally.

FX PrimaryReview Summary
Founded	2024
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	No regulation
Market Instruments	Forex, commodities, indices
Demo Account	✅
Leverage	Up to 1:200
EUR/USD Spread	Flaoting around 0.1 pips
Trading Platform	MT4
Min Deposit	$10
Customer Support	Email: support@fxprimary.com

FX Primary Information

　　FX Primary is a newly-established unregulated broker, offering trading in forex, commodities, and indices with leverage up to 1:200 and spread floating around 0.1 pips via the MT4 trading platform. Demo accounts are available and the minimum deposit requirement to open a live account is as low as $10.

Pros and Cons

Pros	Cons
Tight EUR/USD spreads	Inaccessible website
Demo accounts	No regulation
MT4 platform	Limited trading assets
Low minimum deposit requirement	Only accept Bitcoin payments
	Few contact channels

Is FX Primary Legit?

　　No. FX Primary has no valid regulations currently. Please be aware of the risk!

What Can I Trade on FX Primary?

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Stocks	❌
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Leverage

　　The broker offers leverage up to 1:200. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spread

　　As tested on the demo MT4 account, we learnt that the EUR/USD spread was floating around 0.1 pips, which is much lower than the industry-average 1.5 pips.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Web	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

　　The broker accepts payments via Bitcoinonly. The withdrawal processing time is between 2 and 5 working days. No minimum withdrawal amount defined and no fees or charges specified.