Score

2.46 /10
Danger

FXPRIMUS

Regulated in Cyprus

Market Maker (MM)

White label MT4

South Africa Financial Service Corporate Expired

Suspicious Overrun

High potential risk

Offshore Regulated

C

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Comparison

Quantity 50

Exposure

Open Account
Website

Score

Regulatory Index6.83

Business Index8.02

Risk Management Index0.00

Software Index9.44

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

MY SCM
2020-01-01

Broker Information

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Company Name

Primus Global Ltd

Company Abbreviation

FXPRIMUS

Platform registered country and region

Cyprus

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 5
Previous Detection : 2025-04-30
  • The WikiFX cloud system has verified this broker has way too many complaints, and it is in the WikiFX complaint blacklist. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 46 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
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FXPRIMUS · Company summary
FXPRIMUS Review Summary
Founded2009
Registered Country/RegionCyprus
RegulationCYSEC
Market InstrumentsForex, Equities, Energies, Precious Metals, Indices, Cryptocurrencies, Stocks
Demo Account
LeverageUp to 1:1000
SpreadFrom 1.5 pips (PrimusCLASSIC account)
Trading PlatformsMT4, MT5, WebTrader
Minimum Deposit$15
Customer SupportContact form, live chat 24/5
Email: support@fxprimus.com
Facebook, Twitter, Instagram, LinkedIn, YouTube
Address: Govant Building, BP 1276, Port Vila, Vanuatu
Kolonakiou 57, Linopetra, 4103, Limassol Cyprus

FXPRIMUS is a CySEC-regulated retail forex and CFD broker, founded in 2009 and headquartered in Cyprus. FXPRIMUS offers trading on diverse financial instruments including Forex, Equities, Energies, Precious Metals, Indices, Cryptocurrencies, and Stocks. It provides different account types with $15 minimum deposits and flexible leverages. As to trading platforms, MT4, MT5, and WebTrader are supported.

FXPRIMUS' homepage

Pros and Cons

ProsCons
Regulated by CYSECExpired license with the FSCA
Diverse customer support channelsOffshore license with the VFSC
Demo accounts availableHigh leverage risks
A wide range of products
Diverse account types
Low minimum deposit
Flexible leverage ratios
Multiple trading platforms

Is FXPRIMUS Legit?

Yes, FXPRIMUS is regulated by CySEC. However, please note that it has an expired license with the FSCA and an offshore license with the VFSC.

Regulated CountryRegulated AuthorityCurrent StatusRegulated EntityLicense TypeLicense Number
Cyprus
The Cyprus Securities and Exchange Commission (CySEC)RegulatedPrimus Global LtdMarket Maker (MM)261/14
South Africa
The Financial Sector Conduct Authority (FSCA)ExpiredPRIMUS AFRICA (PTY) LTDFinancial Service Corporate46675
Vanuatu
The Vanuatu Financial Services Commission (VFSC)Offshore RegulatedPrimus Markets INTL LimitedRetail Forex License14595
Regulated by CySEC
Expired FSCA license
Offshore regulated by VFSC

What Can I Trade on FXPRIMUS?

On FXPRIMUS, you can trade with Forex, Equities, Energies, Precious Metals, Indices, Cryptocurrencies, and Stocks.

Tradable InstrumentsSupported
Forex
Energies
Metals
Indices
Cryptocurrencies
Stocks
Bonds
Options
ETFs
Mutual Funds
What Can I Trade on FXPRIMUS?

Account Type

Account TypeMinimum Deposit
PrimusCLASSIC$15 USD
PrimusPRO$500 USD
PrimusZERO$1,000 USD

Leverage

The maximum leverage is up to 1:1000 for PrimusCLASSIC account. Note that high leverage can amplify both profits and losses.

Account TypeMaximum Leverage
PrimusCLASSIC1:1000
PrimusPRO1:500
PrimusZERO1:500
Leverage

Spreads and Commissions

Spreads and commissions vary on the account type, detailed info are as follows:

The PrimusCLASSICaccounthas no commission fees, both starting from 1.5 pips for the average spread.

ThePrimusPRO account offers a lower spread starting from 0.3 pips, but with a commission of $8 (on MT5).

ThePrimusZERO account has the lowest spread, starting from 0 pips, and charges a commission of $5.

Account TypeSpreadCommission
PrimusCLASSICFrom 1.5 pips
PrimusPROFrom 0.3 pips$8 (MT5)
PrimusZEROFrom 0 pips$5

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
MT4Windows, iOS, AndroidBeginners
MT5Windows, iOS, MAC, AndroidExperienced traders
WebTrader//
Trading Platform

News

ExposureFXPRIMUS's Withdrawal Woes Strike Again

Amidst the labyrinth of online trading, a troubling tale unfolds, echoing the struggles of an investor entangled in a tumultuous relationship with FXPRIMUS, drawn in by the promise of financial growth via Telegram ads.

WikiFX
2023-11-30 17:03
FXPRIMUS's Withdrawal Woes Strike Again

ExposureAlert: FXPrimus Withdrawal Issues Increasing

Alert: Rising FXPrimus withdrawal issues reported by traders. Learn about the risks and trader experiences with this online trading platform.

WikiFX
2023-11-30 10:25
Alert: FXPrimus Withdrawal Issues Increasing

ExposureOne more user complaints against Fxprimus

A user filed complaint against FXPrimus and wrote in his complaint that “I wanted to buy gold due to the war because many brokers I followed were saying that gold would rise, then I closed my transactions by taking profit and continued trading”.

WikiFX
2023-11-08 15:24
One more user complaints against Fxprimus

ExposureFXPRIMUS Scams it's Clients

A user of FxPrimus wrote in his complaint, "I funded 3k USDT to the FxPrimus company 3 weeks ago. I received the transactions given via telegram”. Further, the complainant added, "I won; my account became 10.5k. I wanted to withdraw money, but it was not allowed”.

WikiFX
2023-11-07 13:42
FXPRIMUS Scams it's Clients

ExposureFXPrimus Halts Client's Withdrawal After Profitable Trades

An anonymous trader encounters withdrawal issues with FXPrimus after profitable trades, spotlighting the need for broker transparency and efficient support in online trading. Learn the vital steps to resolve such disputes.

WikiFX
2023-11-03 10:55
FXPrimus Halts Client's Withdrawal After Profitable Trades

ExposureAnother complaint against FXPRIMUS

  “Neither responding nor approving withdrawal requests” This is the current scenario for Fxprimus. Clients are in great confusion. Wikifx has received many complaints against this broker and users are complaining about the same issue.

WikiFX
2023-11-02 18:29
Another complaint against FXPRIMUS

ExposureFXPrimus: Withdrawals Are Now or Never

FXPRIMUS has been found guilty of closing out clients' trades without consent, denying withdrawals, and maintaining unresponsive customer support.

WikiFX
2023-11-02 17:37
FXPrimus: Withdrawals Are Now or Never

ExposureFXPRIMUS: Withdrawal Issues Met with 0 Support

A recent experience by one trader has unveiled a troubling side of the industry, exposing the issues at FXPRIMUS and the vital role that WikiFX plays in resolving disputes.

WikiFX
2023-11-01 21:13
FXPRIMUS: Withdrawal Issues Met with 0 Support

User Reviews

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User comment

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荒47706
more than one year
什么情况,这个公司的网址是失效了吗?打开是空白。但是wikifx上面显示好多人说自己被骗了,所以我觉得很大可能是卷款潜逃了吧……真的可恨,希望这些骗子早日受到惩罚!
什么情况,这个公司的网址是失效了吗?打开是空白。但是wikifx上面显示好多人说自己被骗了,所以我觉得很大可能是卷款潜逃了吧……真的可恨,希望这些骗子早日受到惩罚!
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2022-12-14 17:00
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FX1038965397
more than one year
Fraud firm! They are all scammers! Although the trading platforms they offered are quite well, they allow me to choose from MT4, MT5, cTrader and Webtrader, but their trading condition is too terrible! Spreads are wide and slippage is also quite severe. I know they don’t want anyone to profit from their platforms. The only they want to see is that we traders lose everything here.
Fraud firm! They are all scammers! Although the trading platforms they offered are quite well, they allow me to choose from MT4, MT5, cTrader and Webtrader, but their trading condition is too terrible! Spreads are wide and slippage is also quite severe. I know they don’t want anyone to profit from their platforms. The only they want to see is that we traders lose everything here.
Translate to English
2022-11-22 15:29
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