1. Who is FXPRIMUS?
FXPRIMUS Ltd. is a fully licensed financial investment company domiciled in
the Republic of Mauritius and regulated by the Financial Services Commission
(FSC). FXPRIMUS holds both a Category 1 Global Business License and an
Unrestricted Investment Advisor License, both granted by the FSC,
respectively.
2. Who are the key personnel involved with FXPRIMUS?
FXPRIMUS is currently privately owned and operated by a team of investors,
traders, and high net worth individuals.
1. What are the necessary steps to open a
PRACTICE account?
To open a practice account, simply click on any one of the various ¡°open a
practice
account¡± links on our website, and you will be prompted to enter the
required information. Upon submitting your practice account request, you will
receive a welcome email supplying you with a link to download our trading
software. Once you download the application, you will be asked to supply
some additional information, and you will be ready to start trading.
2. How long is the
practice account valid?
Each practice account is valid for 90 days from the date of your registration
3. How similar are the spreads and execution in a
practice account
compared to a live account?
The spreads in both the fixed and variable options should be identical in
both practice and live accounts. It is impossible, however, to make execution
for both the practice and live accounts identical. The reason for this is that a
practice account assumes that all markets are 100% liquid at all times. This is
not how the live market works. During volatile market periods, i.e. US
Non-Farm Payrolls, etc., there are times when the interbank is illiquid.
This means that if you¡¯re trying to execute a trade at 1.3001, and there is
no bank that is willing to deal at that price, the client will receive the
next best possible price. This is the true definition of slippage or
re-quotes.
FXPRIMUS differentiates itself from its competitors by offering superior
liquidity, thus offering the client the best opportunity to be executed at
the price they are seeking. An FXPRIMUS client should expect instant
execution of his or her order a majority of the time, but should also expect
the occasional slippage or re-quote during volatile market conditions. The
true litmus test of a brokerage firm¡¯s execution, though, is not only how
often the client experiences slippage, but how severe the slippage is. We
cordially invite you to experience trading with us to see how we excel in
both of these facets.
4. What are the necessary steps to open a LIVE account?
To open a live account, simply click on the ¡°Open an Account¡± tab on our
website, and select the appropriate account option. It is then an easy
3-step process to be able to begin trading:
Step 1: Online Account Registration & Terms of Service
Agreements
In this section you will be prompted you to enter in all required
information and upload all required documentation. Upon completion you
will then be directed to Terms of Service. In this section you will be
prompted to read and agree to all terms outlined both in the print
document and attached PDF documents. Upon agreement, and electronic
signature, you will be finished and will be sent a welcome email.
Step 2: Welcome E-Mail
The Welcome E-Mail will provide confirmation of a successful registration
and you will be prompted to visit your MY FXPRIMUS customer portal to view
various customer only options, while your account is being approved. After
our administration department has confirmed that all of the required
information and documentation is in order, you will then either receive an
approval email or an email requesting additional information needed to
approve your account.
Step 3: Approval E-Mail
The Approval E-Mail will provide you with confirmation that your account
has been approved for trading and ready to be funded. You will be provided
with funding instructions along with a link to download our live account
platform along with a username and password to access your trading
account.
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