FXPRIMUS Minimum Deposit

 

FXPRIMUS demo account Review

 

FXPRIMUS Minimum Deposit

 

The FXPRIMUS minimum deposit amount that FXPRIMIS requires is $1000.

The minimum deposit amount of $1,000 when registering a live account is equivalent to ZAR18,508.6 at the current exchange rate between US Dollar and South African Rand on the day that this article was written.

FXPRIMUS is a Cyprus-based broker which is authorized and regulated by some of the strictest and most demanding regulating entities namely CySEC, FSCA and VFSC, and as a regulated broker, one of the requirements is that client funds be kept in segregated accounts.

In complying with this, amidst several other strict rules and regulations, all client funds must be kept separate from the broker account, and it can only be used by traders to conduct trading activities.

In addition to ensuring client fund security through segregated accounts, regulated brokers such as FXPRIMUS are required to be a member of a compensation scheme or fund which pays out a certain amount to eligible clients in the case of company insolvency.

 

Deposit fees and deposit methods

 

FXPRIMUS does not charge any deposit fees or withdrawal fees, and traders can make use of the following popular payment methods through which to deposit the minimum amount:

  • Bank Wire Transfer
  • Credit/Debit Cards
  • Skrill
  • Various e-wallets

 

FXPRIMUS supports a variety of deposit currencies in which traders can fund their accounts including:

  • USD
  • EUR
  • GBP
  • SGD
  • PLN
  • ZAR, and several others.

 

Step by step guide to deposit the minimum amount

 

Once the trader has completed the process of registering on the website, the trader can make the initial minimum deposit by making use of Bank Wire Transfer, Credit/Debit Cards, and various e-wallets.

The FXPRIMUS website does not provide any guidelines as to how funds can be deposited or withdrawn from a trading account and the existing FAQ section on the website does not contain any further information.

Traders should take note that with making deposits by using Bank Wire Transfer, the transactions may take a certain amount of time depending on the method, time of the day, and day of the week.

Bank Wire Transfers take anything from a day to a few business days depending on the time the payment was made during the day along with the day of the week.

 

Pros and Cons

 

PROS CONS
1.      Deposit fees are not charged 1.      High minimum deposit
2.      Various deposit currencies supported  
3.      Various popular payment methods supported  

 

FAQ

 

What is the minimum deposit for FXPRIMUS?

$1000.

 

How do I make a deposit and withdrawal with FXPRIMUS?

  • Bank Wire Transfer
  • Credit/Debit Cards
  • Skrill
  • Various e-wallets

 

Does FXPRIMUS charge withdrawal fees?

No.

FXPRIMUS does not charge any withdrawal fees but there is a minimum withdrawal amount tied to each payment method. A minimum withdrawal of $100 is required with Bank Wire Transfer and $25 for all other payment methods.

 

How long does it take to make a withdrawal?

  • Bank Wire Transfers – between two to five business days.
  • Skrill – one to two business days
  • Credit/Debit Cards – can be instant or up to 24 hours
  • e-Wallets – can be instant or up to 24 hours