Why is it good to choose FXPrimus as your Forex broker? If you remember the criteria in choosing the right broker for you, FXPrimus fits to this.
Criteria 1: Registered with a Regulating Authority
FXPrimus is fully regulated by CYSEC (Cyprus Securities and Exchange Commission) and they have passporting registrations in the financial regulatory authorities across all EU countries including:
- Financial Conduct Authority (FCA)
- Federal Financial Supervisory Authority (BaFin)
- French Autorité de Contrôle Prudentiel et de Résolution (ACPR)
- Swedish Financial Supervisory Authority (Swedish FSA)
- Comisión Nacional del Mercado de Valores (CNMV)
- Czech National Bank (CNB)
- The Hellenic Capital Market Commission (HCMC)
- Commission de Surveillance du Secteur Financier (CSSF)
- Commissione Nazionale per le Società e la Borsa (CONSOB)
- Hungarian FSA (HFSA)
- National Bank of Slovakia (NBS)
- Polish Financial Supervision Authority (PFSA)
They are also regulated by Markets in Financial Instruments Directive (MiFID) and Investor Compensation Fund (ICF).
Criteria 2: Fund Safety
FXPrimus practices third party segregation of funds. This means that your funds are being administered separately from FXPrimus’ funds. Third party administrators also act as signatories for all client transactions.
FXPrimus is also annually audited, to provide investors the comfort that they take their slogan “The Safest Place To Trade” seriously.
Criteria 3: Transaction Cost
If you recall, no matter which currency pairs you trade you will always be subjected to transaction costs. You will need to pay a spread for every currency pair you trade. Thus, it is important to choose a broker that offers low or tight spread, similar to FXPrimus.
Criteria 4: Ease of Deposit and Withdrawals
You can fund your FXPrimus account easily and in various ways thru:
- credit or debit card (an initial limit of USD1,000),
- international wire transfer,
- broker transfer
- local bank transfer
- e-wallet (Available for the following: ecoPayz, Skrill, Skrill 1-Tap, Neteller, Giro Pay, Itau)
Of course, regardless how easy it is to fund account, you should be more concerned on how to withdraw it. Fund withdrawals of your FXPrimus account is supervised by BOUDICA CLIENT TRUST, a third party hired by FXPrimus to perform regular checks to ensure that FXPrimus handle all client withdrawals correctly, efficiently and ethically.
Also, FXPrimus does not charge withdrawal fee when you withdraw your funds.
Criteria 5: Customer Service
FXPrimus provides 24 hours per day, 5 days a week customer support, which is available via live web-based support (chat) and email.
FXPrimus is a recipient of the following:
Benefits of Using FXPrimus
FXPrimus offers various trading bonuses both to new and current investors. They are currently offering the following:
- Double Dynamo Bonus – 100% of the amount you invested and a USD4 cash back
- USD2 Cash Back on every dollar traded
- 30% Trading Bonus
- Reduced spread for Oil and Gold
FXPrimus supports MetaTrader4, the best trading platform today. You can trade using your computer, mobile phone or tablet. Also, they provide online trainings videos and webinars.
Note: Do your own due diligence before you open an account. Happy trading!