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FX Primary -

Score

1.45 /10
Danger

FX Primary

Saint Vincent and the Grenadines

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://fxprimary.com

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Score

Regulatory Index0.00

Business Index6.57

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

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

Single Core

1G

40G

open now

Regulatory disclosure

Danger

BS SCB
2021-08-27
SECURITIES COMMISSION OF THE BAHAMAS PUBLIC NOTICE No. 12 of 2020 27 August 2021 RE: FX PRIMARY LTD, FXPRIMARY LLC
FX Primary

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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

FX Primary · Company summary

Note: FX Primary's official website: https://fxprimary.com is currently inaccessible normally.

FX PrimaryReview Summary
Founded2024
Registered Country/RegionSaint Vincent and the Grenadines
RegulationNo regulation
Market InstrumentsForex, commodities, indices
Demo Account✅
LeverageUp to 1:200
EUR/USD SpreadFlaoting around 0.1 pips
Trading PlatformMT4
Min Deposit$10
Customer SupportEmail: support@fxprimary.com

FX Primary Information

FX Primary is a newly-established unregulated broker, offering trading in forex, commodities, and indices with leverage up to 1:200 and spread floating around 0.1 pips via the MT4 trading platform. Demo accounts are available and the minimum deposit requirement to open a live account is as low as $10.

Pros and Cons

Pros Cons
Tight EUR/USD spreadsInaccessible website
Demo accountsNo regulation
MT4 platformLimited trading assets
Low minimum deposit requirementOnly accept Bitcoin payments
Few contact channels

Is FX Primary Legit?

No. FX Primary has no valid regulations currently. Please be aware of the risk!

Is FX Primary Legit?

What Can I Trade on FX Primary?

Tradable Instruments Supported
Forex ✔
Commodities ✔
Indices ✔
Stocks❌
Cryptocurrencies❌
Bonds❌
Options❌
ETFs❌

Leverage

The broker offers leverage up to 1:200. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spread

As tested on the demo MT4 account, we learnt that the EUR/USD spread was floating around 0.1 pips, which is much lower than the industry-average 1.5 pips.

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT4✔WebBeginners
MT5❌/Experienced traders
Trading Platform

Deposit and Withdrawal

The broker accepts payments via Bitcoinonly. The withdrawal processing time is between 2 and 5 working days. No minimum withdrawal amount defined and no fees or charges specified.

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FX1357813176
more than one year
I have good experience trading with them. Their MT4 connection is quite stable, and very seldom faces problems unless in high volatility news announcement time. Execution speed is very fast.
I have good experience trading with them. Their MT4 connection is quite stable, and very seldom faces problems unless in high volatility news announcement time. Execution speed is very fast.
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2023-03-08 14:43
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