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

WikiFX | 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

Using Any of These Illegal Forex Trading Apps? Stop Before It Turns into a Crisis

The Reserve Bank of India (RBI) has listed out some illegal forex apps India. Read this article to know some of those apps.

Original 2025-06-27 19:58

IC Markets Sponsors AEL Limassol, Football Club Until 2027

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.

Original 2025-06-27 19:03

5 Reasons to Stay Away from Core Prime Markets

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.

Original 2025-06-27 18:59

Think Before You Trade! Unlicensed Brokers List Inside

The French regulator AMF has issued a warning against five unlicensed brokers. Investors are encouraged to verify the list to protect themselves from fraud.

Original 2025-06-27 18:55

WikiFX Express

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

WikiFX Broker

FXTM

FXTM

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
HTFX

HTFX

Regulated
FOREX.com

FOREX.com

Regulated
GTCFX

GTCFX

Regulated
FXTM

FXTM

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
HTFX

HTFX

Regulated
FOREX.com

FOREX.com

Regulated
GTCFX

GTCFX

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
HTFX

HTFX

Regulated
FOREX.com

FOREX.com

Regulated
GTCFX

GTCFX

Regulated
FXTM

FXTM

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
HTFX

HTFX

Regulated
FOREX.com

FOREX.com

Regulated
GTCFX

GTCFX

Regulated

Latest News

Stablecoins go mainstream: Why banks and credit card firms are issuing their own crypto tokens

WikiFX
2025-06-28 13:00

The Dollar Keeps Falling: How Should We View Exchange Rate Volatility?

WikiFX
2025-06-29 20:15

Asia-Pacific markets rise as investors parse a slew of data releases

WikiFX
2025-06-30 00:47

Are Trading Courses and Mentors a Fast Track or a Financial Trap?

WikiFX
2025-06-28 08:00

The Economy - And Its Future - In Four Charts

WikiFX
2025-06-28 18:30

At 20 years old, Reddit is defending its data and fighting AI with AI

WikiFX
2025-06-28 13:00

Debt is a growing force' influencing jobseekers' choices, career expert says. Here's how

WikiFX
2025-06-28 12:00

Gas prices are expected to fall: It's going to be the cheapest summer since 2021,' one expert says

WikiFX
2025-06-28 14:30

Use the 80-10-10' rule to know if you've found the right house, says real estate agent of 10 years

WikiFX
2025-06-28 15:00

France is betting Eutelsat can become Europe's answer to Starlink — but experts aren't convinced

WikiFX
2025-06-29 07:08

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

Gdmcgjpme

Gdmcgjpme

WOHLSTAND

WOHLSTAND

Caxton

Caxton

Netotrade

Netotrade

Trustbanc

Trustbanc

Smart Capitals Global

Smart Capitals Global

Plus5 Trade

Plus5 Trade

Exonnassests

Exonnassests

LatitudeFX

LatitudeFX

FUBON

FUBON