So I have also been sceptical of this new Forex Broker. There is plenty of scammers out there and when I found their legal certs from the Mauritius FSC, I was quite convinced. Now we need more people to come forward and tell us about their trading experience.

I emailed their support and this is the reply below

From : support@fxprimus.com

Dear….. ,

We are a Straight Thru Processing forex brokerage registered and regulated by the FSC and our operational and customer support office is in Europe & USA and registered office in Mauritius.

Let me share with you the benefits of working with FXPRIMUS:

1) We are a straight thru processing broker, which means we run NO dealing desk and we are NOT market makers. One of the main advantage of this is, we do not trade against the clients and do not book any trades in house as what other brokers in this space do. Our profits are made from client trade flow and we get a volume rebate from our counter party banks and or liquidity providers.

As you may have experienced before, when trading with many brokers out there in the market and since they are market makers and run dealing desks, in many cases when a client is in profit, they make it hard for clients to close positions and when it is a losing trade it is easy to close positions. This is because when a client makes money and if the broker is a market maker they lose money.
We at FXPRIMUS are proud to say that we do not practice such tactics. This is the reason all brokerages offer you different servers for DEMO accounts and different servers for LIVE accounts. This is so because DEMO accounts do not go thru their dealing desk, hence most clients make money in DEMO and lose money in LIVE accounts.

With FXPRIMUS, we run all our LIVE and DEMO accounts on a single servers and add multiple servers when we need to increase capacity but do not separate LIVE from DEMO accounts. This is to prove that we do not run a dealing desk and treat LIVE and DEMO clients the same way.

In many instances our clients have proven that when they open a position that is exactly the same with FXPRIMUS and than open same position with other brokers, they always close with profit faster with FXPRIMUS compared to other brokers. In some cases they also have positions where they made profit with FXPRIMUS but lost money with other brokers on the same trade. This is due to the fact that we do not perform SPIKES to hit client stop losses, as it does not benefit us since we do not run a dealing desk.

2) The second benefit is that we are the ONLY broker and the INDUSTRY FIRST to introduce THIRD PARTY FUND ADMINISTRATOR service to monitor and manage our client funds. This ensures that client funds are overseen in an attempt to prevent any misconduct. This the safest way to go as we had seen in the past even brokers that are FSA or NFA regulated being shut down due to misconduct and client funds get stuck for months to even years till all legal proceedings are over.

With FXPRIMUS, there is no chance of misconduct of client funds as it is managed by a reputable global leader and FXPRIMUS management has no access to the funds accept for client trading activities and settlement and even this is under the watchful eyes of our administrators as they are the signatories of the client fund accounts and even the corporate accounts of FXPRIMUS. This can be verified and we will be than glad to provide you with such proof if needed.

3) Since we do not run a dealing desk and do not trade against clients, we allow our clients to trade MICRO, MINI and Standard lots ALL in ONE account. You do not need to have separate account to trade such lots as with many brokers. This is because most brokers would take in house all MICRO and MINI trades since they are the ones that usually lose fast due to the usual HIGH leverage attached to it. With FXPRIMUS, all accounts are treated same and are Straight thru processed to our Liquidity partners.

4) Requotes, this is the biggest issue most clients bring up. Most brokers in the market when give clients requotes, they are almost always against the client. Meaning if the client is buying the requote would be higher that the requested price.

At FXPRIMUS, we only requote when the market is very volatile or is moving fast and in many cases the requote can be in favor of the clients. Many of our clients had said that this is the first time they seen a broker giving them a better price than what they had requested with a requote.

Basically we do not want our clients to pay more if they can get in at a lower price. Hence we are proud to say that so far almost 90% of our clients are profitable when trading with us. Of course this is also because we do have clients that are very experienced traders and they moved to us because they saw that we deal with them in a FAIR manner.

5) We are one of the few brokers that have Ernst & Young as our auditors. Ernst & young are the top 3 global auditors.

6) Our bank account is with tier one bank Standard Chartered Bank LTD.

7) We offer you an offshore environment trading with good corporate governance that is further strengthen by bringing in our third party fund administrators to ensure good corporate governance and peace of mind on safety of funds for clients and further security by adding a top auditor like Ernst & Young to further cross check all activities related to the company. We strictly comply with international AML laws and conduct KYC activities.

We offer a unique IB program that is supported by and AFFILIATE program as detailed on our website under the “partnership” tab. With our program IBs can recruit Affiliates to further strengthen their marketing force and we will take care of all commission distribution so the IB can be focused on marketing and recruitment activities.

9) We offer, very competitive FIX spreads and also variable spreads. We also offer 4 decimal or 5 decimal points trading quotes and clients can choose what is their preference. We also offer leverage from 1:10 up to 1:500 depending on the client requirements and fund size. We would strongly suggest to clients to use leverage wisely as it can work as a double headed sword and if clients are over leveraged they may end up loosing their funds faster if trades go against them.

10) Even during news announcements many of our clients had noted that our variable spreads are always lower than that of most brokers in the market.

11) Talking on spreads, we offer spreads that are not only tight but are actually executable. What benefit are tight spreads if they cannot be executed on and or always giving requotes that ALWAYS work against the clients. We at FXPRIMUS are proud of the fact that we give our clients executable spreads.

12) We allow all type of trading and we allow EA trading as well with the exception of latency arbitrage which is strictly prohibited by all our counter party liquidity providers.

13) We offer the award winning Meta Trader 4 (MT4) platform and we also offer a proprietary Money Manager system for money managers that trade multiple accounts.

14) We also have a back office that allows IBs to keep track of all their incoming traders and Affiliate activities. Soon we are also adding communication tools to allow IBs to interact with their clients and affiliates. This again is the industry first as we have some very cool tools that are going to be added in the course of the next few weeks that would make it easier for our IBs to build and support their business.

15) We also offer white label partnerships to qualified clients. Above are just some of the benefits of trading and building a business with us. We are a brokerage that is out to level the playing field and give the traders a fair chance to profit from the market by providing fair and favorable market conditions. We believe that the long profitability of a brokerage and of our IBs lies in the ability to provide traders with tools and market conditions that are fair to them.

I would like to take the opportunity to have a personal chat with your good self at the nearest convenient time to you. Please revert with an email and provide me with the best time to call you.

Yours truly,
Admin
Support@fxprimus.com

Its crazy. The FXPrimus Forex Broker is having a March Madness promo with 50% Deposit Bonus. Min deposit is USD500 and max is USD10,000. You can even join as an Affiliate to earn commissions from your referrals. You can also park your Live account under your own Affiliate link to get back “rebates”. This broker operates from Ebene, Mauritius.

To qualify, just load a minimum of US$500 between now and 31 March 2010 and we’ll give you a 50% trading credit bonus*.

Examples:

Load US$500 and get US$750 to trade.
Load US$1,000 and get US$1,500 to trade.
Load US$10,000 and get US$15,000 to trade.

*Terms and conditions apply. Please click here for full details.

Why FXPrimus

FXPRIMUS is a retail foreign exchange brokerage firm offering superior technology, liquidity, and trade execution normally only offered to institutional clients.