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FXPrimus Review
FXPrimus is a Cyprus and Vanuatu regulated broker running since 2009. ASIC once stopped it targeting Australian clients, and its South African licence has lapsed.
Min Deposit
$15
Spreads From
1.5 pips standard, 0.0 pips plus $5 commission on Primus Zero
Max Leverage
Up to 1:1000 offshore, capped near 1:30 for CySEC retail clients
Platforms
MetaTrader 4, MetaTrader 5
Pros
- Operating since 2009, with a CySEC licence, number 261/14
- Also holds a Vanuatu VFSC licence, number 14595
- Wide platform choice: MT4, MT5, cTrader, and WebTrader
- Low entry deposit near $15 on its basic Cent account
Cons
- ASIC ordered it to stop targeting Australian clients back in 2015
- Its South African FSCA licence lapsed in January 2022
- Listed on Malaysia's Securities Commission investor alert list
- Independent reviewers report mostly negative user feedback
- Fraudulent clones have used the FXPrimus name, so verify the real site
FXPrimus is the trading name of Primus Global Ltd, a Cyprus firm with CySEC licence 261/14, plus a Vanuatu entity under VFSC licence 14595. It has run since 2009 and offers MT4, MT5, cTrader, and WebTrader. In 2015, ASIC made the group stop targeting Australian investors and drop false ASIC claims from its sites.
FXPrimus once held a South African FSCA licence, but it lapsed in January 2022, so those clients now deal with the Vanuatu entity instead. Malaysia's Securities Commission lists FXPrimus on its investor alert list. Minimum deposit starts near $15, with spreads from 1.5 pips, or 0.0 pips plus a $5 commission on Primus Zero.
Watch out for clone scams too. South Africa's FSCA warned about a fake FXPrimus copycat in November 2024, separate from the real firm's record. User reviews on independent sites skew heavily negative, often citing withdrawal and support complaints. Treat leverage above 1:30 as offshore only.
Min. Deposit
USD 15
Max Leverage
Up to 1:1000 offshore, capped near 1:30 for CySEC retail clients
Spreads From
1.5 pips standard, 0.0 pips plus $5 commission on Primus Zero
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
