| Regulated by: CySEC, FSCA, VFSC |
| Headquarters Country: Vanuatu |
| Foundation year: 2009 |
| Supported Platforms: MT4 |
Regulation and security
FXPrimus is a brand of FXPrimus Group, an online trading company operating from several offices. Primus Global Ltd is licensed by CySEC and that gives them the authority to provide trading services to EU clients. Primus Markets INTL Ltd is regulated by FSCA, a South African regulatory body which makes this company legal for South African clients as well. Also, the company has the license provided by VFSC, regulation of Vanuatu, the country where their headquarter is. Conclusion of our review, FXPrimus regulation is coming from Cyprus for EU clients, FSCA for South African clients, and Vanuatu.
Since FXPrimus broker has CySEC regulation and FSCA, for their customers coming from Europe and South Africa, we can say that this broker is safe for people coming from these countries. For all the other clients, they are applying regulation of VFSC, an offshore and not so safe regulator.
In which countries is FXPrimus broker operating?
As mentioned, FXPrimus regulation is mainly for people from Europe and South Africa. On their website is specifically listed that they DO NOT accept clients from Australia, Belgium, Canada, France, Iran, Japan, North Korea, Singapore, and the USA. All the other clients are eligible to open an account with FXPrimus broker due to their offshore regulation. This simply means that if you are coming from any country other than Europe or South Africa, you will be trading with the company that is not specifically regulated in your country.
Does it operate in Malaysia?
For example, according to our search of this broker has no legal representative there. Furthermore, our FXPrimus Malaysia review is showing that they do not have regulation by Bank Negara Malaya, central Bank of Malaysia.
Trading instruments with FXPrimus broker
B is providing to their clients MT4 platform and the web trader. The company offers various assets such as Forex, Indicies, Commodities, Shares, and Cryptocurrencies.
When it comes to leverage, due to FXPrimus regulation, you can check with customer support which regulation are you eligible to have.
If you are coming from Europe, due to CySEC regulation highest leverage is 1:30 for Forex market.
South African clients can have up to 1:200 leverage for Forex.
All the other clients are entitled to very high leverage up to 1:300, according to VFSC regulation.
FXPrimus variable spreads on some types of accounts are enabling you to trade easily, and they are operating on a no commission fee basis.
According to our FXPrimus broker review, this broker has in its offer around 130 assets, which is a bit lower if you compare it to other brokers on the market.
Scammed by FXPrimus broker? What can you do?
If you were scammed by FXPrimus broker, or you can’t withdraw your funds from them, we can help you out. If you contacted your bank, and they told you they can’t help, we are the best legal solution. Don’t worry, you are not the first to experience this issue, and you are not alone! Do not wait, contact us today!
Is FXPrimus regulated?
FXPrimus has CySEC, FSCA, and VFSC regulation. CySEC gives them authority to work with EU clients, FSCA is South African regulation, and VFSC is an offshore Vanuatu regulation. For all other countries, they are not specifically licensed.
What is FXPrimus?
FXPrimus is an online trading broker located in Vanuatu. They are part of FXPrimus Group. This broker has CySEC, FSCA and VFSC regulations. On their website, they provide online trading services for Forex market and CFDs, including Crypto.
Is FXPrimus Safe?
FXPrimus broker operates under the regulation of CySEC, FSCA, and VFSC. Based on this, we can say that this broker is not safe for any customer coming from countries other than EU and South Africa. They belong under the Vanuatu VFSC, which is by itself considered not safe.
