FXPRIMUS Fees and Spreads

 

A FXPRIMUS fees and spreads Review

 

FXPRIMUS Fees and Spreads

 

FXPRIMUS fees spreads and commissions start from $10 with spreads from 0.1 pips.

FXPRIMUS has a low and incredibly competitive spread when compared to what other brokers offer by offering a spread list which starts from 0.1 pips along with commissions charged from $10 when using the ECN Premium Account.

 

FXPRIMUS trading fees are according to the type of account that the trader chooses and the options along with the spread list, minimum deposit required, and commissions are as follows:

  • Standard Account – minimum deposit of $1,000 with variable spreads according to the financial instrument being traded.
  • ECN Premium Account – minimum deposit of $2,500 with variable spreads according to the financial instrument being traded, commissions charged from $10 for every lot traded.
  • VIP Account – minimum deposit of $10,000 with variable spreads according to the financial instrument being traded.

 

The maximum level of leverage which is offered to traders will be determined by the equity in either USD or currency equivalent starting from the minimum deposit of $1,000 with leverage of 1:1000 and goes to $1,000,000 with a leverage up to 1:20.

 

Other Fees

 

Traders should note that certain financial instruments can only be traded during a certain time of the day, especially when considering different time zones, and additional fees may be charged should they hold these positions after they have closed.

Traders should always note that Overnight fees, otherwise known as swap fees or rollover fees, may be charged for positions held open for longer than a day.

FXPRIMUS offers the option of an Islamic account to traders who are of Muslim faith and who operate under the Sharia Law.

FXPRIMUS does not offer traders with spread betting and therefore spread betting fees are not applicable to this broker.

 

Broker Fees

 

FXPRIMUS does not charge any deposit fees or withdrawal fees.

FXPRIMUS charges an inactivity fee should the trading account be inactive for a consecutive period of six months. To enquire about the exact amount which will be charged, traders are advised to contact the FXPRIMUS support team.

There may be additional fees charged that are not mentioned in this article, for more information traders will have to contact FXPRIMUS to verify such fees before opening a real account.

 

Pros and Cons

 

PROS CONS
1.      Tight and competitive spreads 1.      High commissions charged per lot traded
2.      Fixed commissions when using an ECN Premium Account 2.      High minimum deposit
3.      Leverage of up to 1:1000  

 

FAQ

 

How many instruments can I trade with FXPRIMUS?

You can trade the following financial instruments:

  • Forex
  • Precious metals
  • Energies
  • Equities
  • Cryptocurrencies
  • Induces, and
  • Futures

 

Which platforms are supported by FXPRIMUS?

FXPRIMUS provides the following popular trading platforms:

  • MetaTrader 4
  • Platinum API

 

Does FXPRIMUS offer leverage?

Yes.

FXPRIMUS offers a maximum leverage of up to 1:1000 depending on the initial equity of the trading account.

 

What spreads can I expect with FXPRIMUS?

Spreads from as little as 0.1 pips.

 

Does FXPRIMUS charge commission?

Yes.

Commissions are charged from $10 per lot traded when using the ECN Premium Account.

 

Is FXPRIMUS regulated?

Yes, FXPRIMUS is regulated by the highly reputed CySEC, FSCA and VFSC.

 

Is FXPRIMUS a recommended forex trading broker for experts and beginners?

FXPRIMUS is recommended mainly for more advanced traders based on the minimum deposit to open a Standard Account and subsequent trading conditions provided.

 

What is the overall rating out of 10 for FXPRIMUS?

6/10