Primus Forex Financial Group Review 2025

What is Primus Forex Financial Group?

Primus Forex Financial Group is a clone company of the forex trading broker Primus Capital Markets UK Limited. This clone claims to have the same address as the original company, which is located at 3rd Floor, 9 Devonshire Square, London EC2M 4YD, United Kingdom. The original company, Primus Capital Markets UK Limited, operates under the name FXPRIMUS. FXPRIMUS is an International Investment Firm incorporated in the Republic of Vanuatu with Company Number 14595. It is authorised and regulated by the Vanuatu Securities and Exchange Commission, with a Dealer in Securities Principal License granted by the Minister of Finance and Economic Management of Vanuatu. FXPRIMUS offers a wide range of trading instruments, including Forex, Commodities, Energies, Indices, and Stocks. It provides an online trading platform that allows traders from all around the world to benefit from the world’s largest and most liquid market, trading up to $6 Trillion per day. The platform is accessible on various devices, including mobile, tablet, or desktop. However, it’s important to note that the United Kingdom’s Financial Conduct Authority (FCA) has issued a warning against the clone firm, Primus Forex Financial Group. The FCA has shed light on this clone firm representing itself as Primus Forex Financial Group, which is a regulated brokerage company that provides professional investment services in the financial markets. In conclusion, while FXPRIMUS is a legitimate forex trading broker, Primus Forex Financial Group is a clone firm of this broker and has been flagged by the FCA. Therefore, potential investors should exercise caution when dealing with Primus Forex Financial Group.

What is the Review Rating of Primus Forex Financial Group?

What are the Pros of Primus Forex Financial Group?

Primus Forex Financial Group, also known as FXPrimus, offers several advantages that make it an attractive choice for independent trading and investing. Here are some of the key benefits:. Favorable Trading Terms: FXPrimus provides very favorable terms for independent trading and investing. This includes a competitive commission-based pricing environment with raw spreads of 0.0 pips for a commission of $5.00. Wide Range of Trading Assets: The company offers an attractive range of trading assets. Assets available include 43 currency pairs, four types of precious metals, energies, stocks, and market indexes. High Security: FXPrimus places a high emphasis on security. It guarantees the protection of clients’ assets with insurance coverage of 5 million euros. The company applies the latest systems to ensure a high level of data protection. Regulated Broker: FXPrimus is a broker regulated by CySEC (Cyprus Securities and Exchange Commission, 261/14) and the VFSC (Vanuatu Financial Services Commission, 303073). This adds an extra layer of security for its clients. Educational Content: The company provides educational content for beginner traders through videos and articles. This can be very beneficial for those who are new to forex trading. Customer Support: FXPrimus offers 24/5 customer support. , which can be very helpful for traders who need assistance or have questions about their trades. Top-Tier Liquidity: FXPrimus affords its clientele access to a substantial quantity of liquidity offered by top-tier international banks and brokers. Please note that while FXPrimus offers many advantages, it’s important for potential clients to thoroughly analyze these pros and cons before opening an account.

What are the Cons of Primus Forex Financial Group?

Primus Forex Financial Group, a forex trading company, has several drawbacks that potential investors should consider:. Regulatory Concerns: The company is not regulated and does not have the legal right to provide financial services to the public. This lack of regulation raises concerns about the company’s legitimacy and the safety of investors’ funds. Suspected Fraud: There have been suspicions of fraud associated with Primus Forex Financial Group. The company has been accused of pretending to be another company with a better reputation. , which raises serious ethical and legal concerns. Non-compliance with Trading Regulations: The company has been suspected of not complying with general trading or financial regulations in the regions where it operates or signs up clients. A broker that does not adhere to laws and regulations may not be conscientious about a customer’s money. High Minimum Deposit: The company requires a minimum deposit of $1,000. This high entry barrier may deter potential investors, particularly those with limited capital. Limited Asset Selection: While the company offers a range of trading assets, it does not offer cryptocurrencies. This lack of diversity in asset offerings may limit trading opportunities for investors. Lack of Transparency: The company’s retail loss rate is undisclosed. This lack of transparency may make it difficult for potential investors to assess the risks associated with trading through this company. In conclusion, while Primus Forex Financial Group may offer certain advantages such as high leverage and competitive commission-based trading costs. , the cons outlined above suggest that potential investors should exercise caution and conduct thorough due diligence before deciding to trade with this company.

Is Primus Forex Financial Group Regulated and who are the Regulators?

FXPrimus, a broker that offers very favorable terms for independent trading and investing, is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 261/14 and the Vanuatu Financial Services Commission (VFSC) under license number 303073. The company guarantees the protection of clients’ assets with insurance coverage of 5 million euros. In addition to these, the company’s activities are also regulated by the Financial Services Commission (FSC). FXPrimus provides clients with access to Forex and CFDs, including 43 currency pairs, four types of precious metals, energies, stocks, and market indexes. However, it’s important to note that there have been instances where entities have been flagged for impersonating FXPrimus. For example, the Spanish financial regulator, the National Securities Market Commission (CNMV), issued a warning against an entity operating the website primusfx.net under the name ‘PRIMUS FX’, which was found to be a clone of FXPrimus. FXPrimus had sent a cease-and-desist letter to ‘PRIMUS FX’ in February 2023, warning the platform against continued impersonation of its brand. As for the Primus Forex Financial Group, there is a lack of information about its regulation. A review from 2018 suggests that the broker is not regulated and has no legal right to provide financial services to the public. Therefore, it’s crucial for potential investors to conduct thorough research and ensure they are dealing with a regulated entity to safeguard their investments.