FxPrime broker Accounts

fxprime Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

fxprime Account Types Explained

FXPrimus offers a variety of account types designed to cater to different trading needs and experiences. Below is a detailed overview of each account type available:

1. PrimusCLASSIC Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Zero commissions, competitive spreads
• Leverage Options: Up to 1:500
• Key Features: Ideal for beginners, straightforward trading experience
• Target User Profile: Beginners and casual traders
• Trading Instruments Available: Forex, Stocks, Indices, Commodities, Metals, Cryptocurrencies

2. PrimusPRO Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Low commissions, tighter spreads
• Leverage Options: Up to 1:500
• Key Features: Advanced trading conditions, suitable for experienced traders
• Target User Profile: Experienced and professional traders
• Trading Instruments Available: Forex, Stocks, Indices, Commodities, Metals, Cryptocurrencies

3. PrimusZERO Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Zero spreads, high commissions
• Leverage Options: Up to 1:500
• Key Features: Maximizes trading efficiency, designed for high-frequency traders
• Target User Profile: Advanced traders seeking low-cost trading
• Trading Instruments Available: Forex, Stocks, Indices, Commodities, Metals, Cryptocurrencies

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: PrimusCLASSIC
• Intermediate Traders: PrimusPRO
• Advanced Traders: PrimusZERO

Detailed fxprime Account Features

Account Features Comparison

Advantages of Each Account Type

• PrimusCLASSIC:
• No commissions
• Suitable for beginners
• Competitive spreads
• Easy to understand trading conditions
• PrimusPRO:
• Tighter spreads for better pricing
• Low commissions enhance profitability
• Advanced trading features
• Suitable for experienced traders
• PrimusZERO:
• Zero spreads maximize trading efficiency
• High leverage for significant trading potential
• Ideal for scalpers and high-frequency traders
• Advanced trading tools available

Disadvantages of Each Account Type

• PrimusCLASSIC:
• Limited advanced features
• Higher spreads compared to PRO and ZERO accounts
• PrimusPRO:
• Requires a higher minimum deposit
• Commissions may reduce overall profitability
• PrimusZERO:
• High commissions can impact profitability
• Requires significant trading volume to be cost-effective

fxprime Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries, but may be restricted in certain regions.
• Prohibited Countries: Specific countries may be prohibited from opening accounts due to regulatory restrictions.

Identity Verification Documents Needed

• Proof of Identity: Government-issued ID (passport, national ID card).
• Proof of Residence: Utility bill, bank statement, or any official document showing your name and address.

Additional Documentation for Professional Accounts

• Additional documentation may be required for professional accounts, including proof of trading experience and financial statements.

KYC/AML Compliance Procedures

FXPrimus adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all clients to verify their identity and residence before trading.

Verification Time Frames

Account verification typically takes between 1 to 3 business days, depending on the completeness of the submitted documents.

Step-by-Step fxprime Account Opening Guide

Detailed Registration Process

1. Visit the Website: Go to the FXPrimus homepage.
2. Click Registration: Locate and click the "Open Account" button.
3. Personal Information Entry: Fill in your personal details including name, email, and phone number.
4. Choose Account Type: Select the desired account type (CLASSIC, PRO, or ZERO).
5. Set Trading Preferences: Specify your trading preferences and leverage.
6. Document Upload: Upload the required identity verification documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds to start trading.
9. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, but the mobile interface may have fewer options displayed at once.

Common Registration Issues and Solutions

• Document Rejection: Ensure documents are clear and legible.
• Email Verification Delays: Check spam/junk folders for verification emails.

Average Account Approval Time

Typically, accounts are approved within 1 to 3 business days, depending on the verification process.

How to Upgrade/Downgrade Account Types

Account types can be changed by contacting customer support or through the account management section on the FXPrimus website.

fxprime Demo Account Guide

Demo Account Features and Benefits

• Virtual Trading Environment: Practice trading without risking real money.
• Access to All Trading Instruments: Trade Forex, Stocks, Indices, and more.
• Real-Time Market Conditions: Experience live market conditions.

How to Open a Demo Account

1. Visit the FXPrimus website.
2. Click on the "Open Demo Account" option.
3. Fill in the required information and submit.

Demo Account Limitations

• Virtual Balance Amount: Typically, demo accounts come with a virtual balance (e.g., $10,000).
• Time Limit: Demo accounts may expire after a certain period of inactivity.

Demo vs Live Account Differences

• Live Accounts: Require real money deposits and involve actual trading risks.
• Demo Accounts: Use virtual funds and are risk-free.

fxprime Islamic Account Details

Swap-Free/Islamic Account Availability

FXPrimus offers Islamic accounts that comply with Sharia law, allowing Muslim traders to engage in trading without incurring swap fees.

Eligibility Requirements

To qualify for an Islamic account, traders must provide documentation confirming their religious beliefs and intent to trade in accordance with Islamic principles.

Differences from Standard Accounts

Islamic accounts do not incur swap fees, and all other trading conditions remain the same as standard accounts.

How to Apply for Islamic Account

Traders can apply for an Islamic account during the registration process or by contacting customer support after opening a standard account.

Restrictions or Special Conditions

Islamic accounts may have specific trading conditions, including limitations on certain trading strategies.

FAQs – fxprime Account Types & Opening

1. What account types does fxprime offer？

• FXPrimus offers PrimusCLASSIC, PrimusPRO, and PrimusZERO accounts.

1. What is the minimum deposit for each account type？

• PrimusCLASSIC: $100, PrimusPRO: $500, PrimusZERO: $1,000.

1. How long does fxprime account verification take？

• Account verification typically takes 1 to 3 business days.

1. Does fxprime offer demo accounts？

• Yes, FXPrimus provides demo accounts for practice trading.

1. Can I have multiple account types with fxprime？

• Yes, traders can open multiple account types.

1. Does fxprime offer Islamic/swap-free accounts？

• Yes, FXPrimus offers Islamic accounts that do not incur swap fees.

1. What documents do I need to open a fxprime account？

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, account types can be changed by contacting customer support.