As a key member of the expansive FXPrimus Group headquartered in Vanuatu, this brokerage caters to an international clientele, boasting over 300,000 active traders managed from its central office in Limassol, Cyprus. At the helm is owner and CEO Terry Thompson, whose extensive background includes over twenty years on Wall Street as a trader and hedge fund manager, bringing a wealth of expertise to the global financial sector.
Throughout its 13 years of operation, FXPrimus has undergone considerable growth, now presenting a diverse array of account options and trading platforms to its customers. The firm is regulated by CySEC, Cyprus' premier financial regulatory body, while the VFSC maintains regulatory oversight over the entire group.
FXPrimus, a brokerage firm, operates under the regulatory oversight of both CySEC (Cyprus Securities and Exchange Commission, license no. 261/14) and VFSC (Vanuatu Financial Services Commission, license no. 303073). The firm offers an assurance of client asset protection, backed by an insurance policy worth 5 million euros. Employing cutting-edge technology, FXPrimus prioritizes robust data security measures. Additionally, the FSC (Financial Services Commission) governs the company's operations. FXPrimus grants traders the opportunity to engage in Forex and CFD trading.
Assets available include 43 currency pairs, four types of precious metals, energies, stocks, and market indexes. The company describes itself as one of the safest and continues to set new data protection standards to this day. FXPrimus has always prioritized security, which has allowed it to take a confident position on large trading platforms.
FXPrimus offers a range of different account types, providing something to suit every trading need and investing style. accounts differ in execution model, commission charges, minimum deposits and platform support.
A swap-free Islamic account is available for the PrimusClassic, PrimusCent and PrimusPro accounts.
I appreciate the low entry barrier for new traders. However, the educational section could use more intermediate and advanced topics to keep up with a trader's growth.
The account types are varied, which is great. But the differences between them are not always clear, especially for someone just starting out.