Home / Best Forex Brokers in South Africa / FxPrimus Broker Review

FxPrimus Broker Review

FX Scouts By Jeffrey Cammack Updated: February 16, 2020
Overall Rating
3.94 / 5
Min. DepositUSD 100
Max. Leverage500:1
Min. Spread0.1 pips
RegulatorsCySEC,FSCA,VNU
Regulator Origin CySEC FSCA VNU
Broker TypeSTP

Summary

FXPRIMUS is an ECN broker founded in 2009 and fully regulated in South Africa since 2018. Globally acclaimed for offering one of the fastest and most secure online trading environments, the company has a triple focus on education, safety and technological innovation. 

A true multi-asset broker, FXPRIMUS offers multiple tradeable instruments including Forex, Commodities, Energies, Indices with spreads from as low as 0 pips on the MT4 platform and across three account types. 

Reviews

Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
Beginner Friendly Standard
Bonuses 100% Deposit Bonus On All Amounts
Our Review Process

Trading Conditions

Minimum DepositUSD 100
Base currenciesZAR, USD, EUR
Number of FX Pairs43
Hedging Allowed Yes
Scalping Yes
Swap-Free Accounts Yes

Average Spreads

EUR / USD0.3
GBP / USD0.8
USD / JPY0.3

Company Details

Company nameFXPRIMUS Group
Founded2009
Website Visit Website
TypeSTP
RegulatorsCySEC,FSCA,VNU
Office locations South Africa

Deposit & Withdrawal Methods

Supported Platforms for FxPrimus

These are the account types offered by FxPrimus to residents of South Africa.  In addition to these accounts, there is a demo account which gives traders the chance to try the platform using live market data while not making a deposit.

Most retail CFD accounts lose money. Your capital is at risk.

Compare CFD Brokers

FxPrimus

FxPrimus

Visit Website
Khwezi Trade

Khwezi Trade

Visit Website
CM Trading

CM Trading

Visit Website
Overall Rating 3.94 / 5 3.62 / 5 3.73 / 5
Minimum DepositUSD 100ZAR 2000USD 250
Regulation
CySEC CySEC
FSCA FSCA
VNU VNU
FSCA FSCA
FSCA FSCA
Broker TypeSTPPure STPMarket Maker
Trading InstrumentsFutures, Cryptocurrencies, Forex, Indicies, Metals, Equities, EnergiesCommodities, ForexCommodities, Cryptocurrencies, Forex
Forex Pairs433247
Crypto Pairs74
Read Full Review Read Full Review
Trust Rating 4 / 5 3.5 / 5 3.5 / 5
Trading Conditions 4 / 5 3 / 5 3.5 / 5
Trading Platforms 4 / 5 4 / 5 4 / 5
Deposit & Withdrawal 4.5 / 5 4.5 / 5 3 / 5
Education & Research 3 / 5 4 / 5 4 / 5
Assets Available 4.5 / 5 3.5 / 5 4 / 5
Customer Service 3.5 / 5 3.5 / 5 4.5 / 5
% Lose with this broker 64.54% of retail investor accounts lose money when trading CFDs with this provider N/A 73% of retail investor accounts lose money when trading CFDs with this provider
Leverage500:1200:1200:1
Spread0.1 pips0.6 pips1.5 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • ECN Premium Account (Standard)
  • Variable Account (Standard)
  • Basic (Standard)
  • Premier (Professional)
  • Standard (Professional)
  • VIP (Vip)
  • Bronze (Standard)
  • Gold (Vip)
  • Premium (Vip)
  • Silver (Professional)
Swap Free Yes No Yes
Trading Platforms MT4 MT4 MT4, Sirix
Funding Methods Bank Transfer, Visa, Mastercard, Skrill, Neteller Bank Transfer, Visa, Mastercard Bank Transfer, Neteller, Visa, Mastercard, Fasapay
Trading Commission 10 USD / lot - ECN Account Fees Included in Spread Fees Included in Spread
Clear all brokers

FxPrimus

Visit Website

Khwezi Trade

Visit Website

CM Trading

Visit Website
Overall Rating 3.94 / 5 3.62 / 5 3.73 / 5
Minimum DepositUSD 100ZAR 2000USD 250
Regulation
CySEC CySEC
FSCA FSCA
VNU VNU
FSCA FSCA
FSCA FSCA
Broker TypeSTPPure STPMarket Maker
Trading InstrumentsFutures, Cryptocurrencies, Forex, Indicies, Metals, Equities, EnergiesCommodities, ForexCommodities, Cryptocurrencies, Forex
Forex Pairs433247
Crypto Pairs74
Read Full Review Read Full Review
Trust Rating 4 / 5 3.5 / 5 3.5 / 5
Trading Conditions 4 / 5 3 / 5 3.5 / 5
Trading Platforms 4 / 5 4 / 5 4 / 5
Deposit & Withdrawal 4.5 / 5 4.5 / 5 3 / 5
Education & Research 3 / 5 4 / 5 4 / 5
Assets Available 4.5 / 5 3.5 / 5 4 / 5
Customer Service 3.5 / 5 3.5 / 5 4.5 / 5
% Lose with this broker 64.54% of retail investor accounts lose money when trading CFDs with this provider N/A 73% of retail investor accounts lose money when trading CFDs with this provider
Leverage500:1200:1200:1
Spread0.1 pips0.6 pips1.5 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • ECN Premium Account (Standard)
  • Variable Account (Standard)
  • Basic (Standard)
  • Premier (Professional)
  • Standard (Professional)
  • VIP (Vip)
  • Bronze (Standard)
  • Gold (Vip)
  • Premium (Vip)
  • Silver (Professional)
Swap Free Yes No Yes
Trading Platforms MT4 MT4 MT4, Sirix
Funding Methods Bank Transfer, Visa, Mastercard, Skrill, Neteller Bank Transfer, Visa, Mastercard Bank Transfer, Neteller, Visa, Mastercard, Fasapay
Trading Commission 10 USD / lot - ECN Account Fees Included in Spread Fees Included in Spread

Stay updated

This form has double opt in enabled. You will need to confirm your email address before being added to the list.

Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Sign Up

Most retail CFD accounts lose money. Your capital is at risk.

>