Home -
Exposure -
Main body -

WikiFX Express

Exness
EC Markets
TMGM
XM
FOREX.com
FXTM
AvaTrade
FXCM
IC Markets Global
Eightcap

FXPRIMUS Review 2025: Red Flags and Potential Scam Risks

FXPRIMUS | 2025-05-22 16:18

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 Review 2025 Red Flags and Potential Scam Risks.jpg

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.

image.png

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

company_summary.png

WikiFX Ratings

WikiFX, a site that rates brokers, gives FXPRIMUS a troubling score of 2.46 out of 10, pointing to major issues:

  1. License Score (0.00): Hints at questionable licensing.
  2. Business Score (8.02): Shows a solid range of trading options.
  3. Risk Management Score (0.00): A big warning, suggesting no clear risk protections.
  4. Software Score (9.4): Decent, thanks to reliable MT4 and MT5 platforms.
  5. Regulatory Score (2.46): Very low, tied to weak regulation.

These scores suggest FXPRIMUS has some strengths but falls short on trust and safety.

image.png

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

comments.png

Regulation and Trustworthiness

Regulation is key to trusting a broker, and FXPRIMUS struggles here. It claims oversight from:

  1. CySEC (Cyprus): License No. 261/14.
  2. FSCA (South Africa): License No. 46675 (EXPIRED).
  3. VFSC (Vanuatu): License No. 14595.
image.png
image.png
image.png

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:

  1. FSCA Warning (2024-11-15): An alert about a fraudulent FXPRIMUS clone.
  2. New Tools (2024-10-20): FXPRIMUS shared news about new trading features.

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:

  1. Low $15 deposit for Standard accounts, great for new traders.
  2. High leverage up to 1:1000 for bold traders.
  3. Tight spreads from 0.1 pips for VIP accounts.
  4. Uses popular MT4 and MT5 platforms.
  5. Offers multiple payment methods, including Bitcoin.

Cons:

  1. “Suspected fake clone” warning damages trust.
  2. Low 2.46/10 WikiFX score, with a 0.00 risk management rating.
  3. Many users report issues like trade tampering or surprise fees.
  4. Weak regulation, worsened by the FSCA alert.
  5. No clear info on offices or staff.

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.

Footer.jpg
Forex BrokerBroker

Related broker

Many customer complaints
FXPRIMUS
Company name:Primus Global Ltd
Score
2.46
Website:https://www.fxprimus.com
10-15 years | Regulated in Cyprus | Regulated in Vanuatu | Market Maker (MM)
Score
2.46

Read more

TradingPRO: A Closer Look at Its Licences

In an industry where safety and transparency are essential, the regulatory status of online brokers has never been more important. For traders seeking to protect their capital, ensuring that a platform operates under recognised and stringent oversight can make all the difference. Keep reading to learn more about TradingPRO and its licenses.

Original 2025-06-06 22:16

New SEBI Regulations on Intraday Trading

The Securities and Exchange Board of India (SEBI) has implemented revised regulations on Intraday trading, with effect from November 20, 2024. These regulations are meant to lessen risks and prevent speculative trading practices.

Original 2025-06-06 19:26

Top Forex Trading Strategies Every Trader Must Implement

Successfully navigating the fluctuating forex market landscape requires more than having a high-risk appetite. It requires effective strategies that assure you gains even during the market fall. Let’s go through the strategies many traders implement to gain.

Original 2025-06-06 16:58

Errante Launches Deposit Bonus Offers with Rewards Up to $2,000

Errante has introduced a new deposit bonus promotion for first-time clients. Under this offer, eligible traders can receive a bonus of up to 30% on their initial deposit, with a maximum bonus amount capped at USD 2,000.

Original 2025-06-06 16:47

WikiFX Express

Exness
EC Markets
TMGM
XM
FOREX.com
FXTM
AvaTrade
FXCM
IC Markets Global
Eightcap

WikiFX Broker

FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
GMI

GMI

Regulated
HTFX

HTFX

Regulated
FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
GMI

GMI

Regulated
HTFX

HTFX

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
GMI

GMI

Regulated
HTFX

HTFX

Regulated
FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
GMI

GMI

Regulated
HTFX

HTFX

Regulated

Latest News

eToro Review 2025: Top Trading Opportunities or Hidden Risks?

WikiFX
2025-06-04 18:14

How much money will you earn by investing in Vantage Broker?

WikiFX
2025-06-05 14:15

IronFX vs Exness Review 2025: Comprehensive Broker Comparison

WikiFX
2025-06-05 16:31

Fraudsters Are Targeting Interactive Brokers' Users with Lookalike Emails

WikiFX
2025-06-05 17:34

Interactive Brokers: Global Office Visits and Licensing Details

WikiFX
2025-06-05 17:37

Top Tips to Choose the Best Forex Broker in 2025

WikiFX
2025-06-05 19:31

SEBI Notifies New F&O Rules for Investors - New Derivative Trading Limits & More Amendments

WikiFX
2025-06-05 17:29

ASIC Urges Financial Licensees to Fix Register Errors Before 2026 Deadline

WikiFX
2025-06-04 11:51

U.S. Jobs Data Released: A Potential Boost for Gold Prices

WikiFX
2025-06-05 21:48

SkyLine Guide 2025 Malaysia: 100 Esteemed Judges Successfully Assembled

WikiFX
2025-06-06 10:42

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

East Asia Futures

East Asia Futures

SCSL

SCSL

DILLON W.SRL

DILLON W.SRL

Trans Scan

Trans Scan

BODAFX

BODAFX

Westpac

Westpac

BRD

BRD

Raffle Option

Raffle Option

FXPCM

FXPCM

Wizer

Wizer