Abstract:FXPRIMUS lures with low deposits, but its 2.46/10 WikiFX score, fake clone warnings, weak regulation, and user complaints about fees and tampering scream scam. Stay away.
FXPRIMUS promotes itself as a worldwide forex and CFD trading platform, providing access to tools like MT4 and MT5. However, questions about its reliability and warnings from regulators raise red flags. This review breaks down FXPRIMUS's ratings, user opinions, regulation status, and more to help you decide if it's a safe choice or a risky bet.
Overview
Run by Primus Global Ltd, FXPRIMUS claims to have started in 2009 with its base in Cyprus. It offers account options (Standard, Premium, VIP) with a low $15 starting deposit for the Standard account, leverage as high as 1:1000, and tight spreads from 0.1 pips for VIP accounts. Traders can work with forex, CFDs, metals, indices, and cryptocurrencies. Deposits and withdrawals include options like bank transfers, credit cards, Skrill, Neteller, and Bitcoin.
You can view more of FXPrimus trading information here.
https://www.wikifx.com/en/dealer/4051155469.html
WikiFX Ratings
WikiFX, a site that rates brokers, gives FXPRIMUS a troubling score of 2.46 out of 10, pointing to major issues:
These scores suggest FXPRIMUS has some strengths but falls short on trust and safety.
User Reviews and Reputation
WikiFX lists 71 user reviews, with 50 being negative, showing widespread frustration. Only 14 reviews are positive, and 7 seem neutral. Complaints often mention hidden fees, unfair trading practices, or doubts about regulation. Positive feedback might praise quick customer service or smooth withdrawals, but negative reviews dominate, signaling potential risks for traders looking for dependability.
Check out more reviews from diverse traders around the globe.
https://www.wikifx.com/en/dealer/4051155469.html
Regulation and Trustworthiness
Regulation is key to trusting a broker, and FXPRIMUS struggles here. It claims oversight from:
On November 15, 2024, South Africa's FSCA warned about a fake
FXPRIMUS clone, hurting its credibility. The VFSC license comes from a place with lax rules, adding little trust. Weak regulation makes FXPRIMUS a risky pick.
Office Details
FXPRIMUS says its headquarters is in Cyprus but doesn't share a clear address or proof of an office. No info on staff or leaders is available, which lowers trust. Reliable brokers usually share verifiable details about their operations, which FXPRIMUS skips.
Recent Updates
WikiFX notes two updates:
Checking platforms like X or Facebook for recent posts about FXPRIMUS could shed light on current user experiences, especially after the FSCA warning.
Pros and Cons
Pros:
Cons:
Final Thoughts
FXPRIMUS offers tempting features like low deposits and high leverage, but serious concerns outweigh these perks. The FSCA's fraud warning and mostly negative user feedback highlight risks like unfair practices or hidden costs. Without strong regulations or clear business details, FXPRIMUS seems like a potential scam. Traders should be cautious and explore brokers with proven, trustworthy regulations instead.
The Reserve Bank of India (RBI) has listed out some illegal forex apps India. Read this article to know some of those apps.
AEL Limassol has renewed its deal with IC Markets (EU) Ltd, who will stay as the team’s Gold Sponsor until 2027. The sponsorship deal was first announced for the 2025–2026 season, but it has now been officially extended until 2027.
The Forex market is a very unpredictable, complex, and risky place. There are many brokers that appear genuine but can steal your hard-earned money. So, staying alert is the only way to survive in this dynamic environment. Therefore, in this article, we are sharing 5 warning signs about Core Prime Markets.
The French regulator AMF has issued a warning against five unlicensed brokers. Investors are encouraged to verify the list to protect themselves from fraud.