I write this negative review because this broker is Not scam but thief.
On Feb. 29 2012, I placed a trade selling oil at 106.66 and later set TP(take profit) at 105.36. In the later morning, I checked log and the trade was closed at 105.56 Not 105.36. I checked the chart, it showed the lowest point was 104.82. Taking the 0.05 spread into account, it still has a moderate distance from my TP setting.
In addition, times to times, this broker also changes your entry point of the trade by reducing 0.01 for short position and increasing 0.01 for long position when the trade is closed after a period.

Here is the summary.
Disadvantages:
(1) this broker Change your TP and your original entry point to shrink your profit.
(2) Erase the history of the trades except the most recent one
(3) slippage in favor of broker side is very serious in comparison with the other brokers.
(4) expensive fee for even deposit. Many other brokers do not charge fee for deposit

Advantages:
(1) Fast deposit by credit card and withdrawal by moneybookers within 1 day.
If you have too much money to cash flow and don't care transanction/exchange fee, this broker is right for you.
(2) No swap fee for Oil.
(3) Leverage up to 500:1 for currencies
In conclusion, If you are small money investor, stay away from this broker because there are some other brokers offering high leverage and NO swap fee for currencies.

I used to recommend them highly but lately they have gone downhill.

Support is good. Chat and e-mail support is as good as it always was. Deposits and withdraws are easy but expensive. They charge you 5 USD to deposit and 50 USD to do a bank wire. Most other brokerages just charge the bank charges which is usually less than 50...a lot less.

This is where they went south on me. Trade execution was good, but from about Nov or Dec 2011 it started getting slower and slower. Used to be around 300 ms but the last time I tested it was around 3 to 4 sec. My VPS is in same city as their main server in London so the latency is only 2 ms but the execution runs 3 to 4 sec. If you're running EAs that are dependent on execution performance the scalpers and another well known one its a no-go.

Server keeps bouncing you around. They have servers in asia, the US and UK. If you're using a VPS the server disconnects unpredictably once or twice each day and you end up being reconnected to another server elsewhere. That's good if you're connecting from home. But if you are running a VPS near their US or UK server and you get disconnected, you will end up being routed to UK or Asia and your already slow execution latency shoots up another second. Support recommended some solutions but none worked.

In the end the slow execution and server bumping issue were just too much to continue trading reliably.

Would like to say that been trading with the broker and i find their Chat support really really helpful. I was having problems trying to get MT4 working they were very patient and help me resolve it though it took an hour.

The staff have been very friendly and the ECN spread is good.

One feature i like it the Debit Card. which you can draw money within 2 hours.

So i highly recommend the broker

Hello,

im wondering why so many people think they have tight spreads. Look at dukascopy or fxopen. Fxprimus has almost everytime 1-2 spreads (4digits) more that means 10-20$ when you trade with 1 lot. Besides the commision is also higher.

1.Excellent customer service
2. True ECN spreads(tighter) and execution (no stop hunting)
3. Fast Withdrawal

I highly recommend and thankful for Fxprimus for their wonderful service, they charge a slight higher commission of $10 for a standard lot but I am extremely with their service.

This is a really good broker. You can trade micro lots with standard fractional micro lots of your choice such as 0.01, 0.02, 0.11, 0.12, etc... this really helps with money management precision there spreads are good on ECN - absolutely No requotes - and so Far I have experienced no slippage what so ever! 2 Thumbs Up !!! Withdrawals same day into Payoneer Mastercard (cost$50.00), and Your funds are protected by Turnstone trust in Mauritius arranged by them at a small fee of $50.00. After searching and going through over 10+ brokers these guys are the best - So far by Far!

Im a trader at FXprimus for six months.
So far im very happy with the service and the execution of orders.
Highly recommend this to all types of traders.

all the best.
shukri