House file

FXPrimus

On the desk for one reason: licence no longer active on file. 3 register lines are on this file, spread across 3 legal entities in 3 jurisdictions, none of them with a top-tier regulator.

Filed by the desk · Port Vila, Vanuatu (operating entity) · year established not verified · sourcing confidence: medium

On the wire

3 items · 0 notices

01
register entry
VFSC Vanuatu entry 14595 for Primus Markets INTL Ltd
Source: fxprimus.com
02
register entry
CySEC entry 261/14 for Primus Global Ltd
Source: cysec.gov.cy
03
register entry
FSC Mauritius for FX Primus Limited — no longer active
Source: fscmauritius.org

Entity by entity

3 lines

Register lines on file for FXPrimus. A blank number is a number the desk could not read on a source; it is not a zero.
Regulator	Jurisdiction	Entity as registered	Number	Tier	Source
VFSC Vanuatu	Vanuatu	Primus Markets INTL Ltd	14595	T3	fxprimus.com
CySEC	Cyprus	Primus Global Ltd	261/14	T2	cysec.gov.cy
FSC Mauritius	Mauritius	FX Primus Limited	not verified	T3no longer active	fscmauritius.org

Tier is the desk's shorthand for the supervising regime, not a quality score: T1 a top-tier statutory regulator, T2 a mid-tier one, T3 an offshore registration.

Commercial detail on the record

Minimum to open	$15
EUR/USD spread as published	not verified
Leverage as advertised	1:30 (CySEC retail)
Platforms	MT4 · MT5 · WebTrader
Account books	Classic · Raw · Variable · Demo

What the record says

FXPrimus' legal page states the website is operated by Primus Markets INTL Ltd, registered in Vanuatu under number 014595 and regulated by the VFSC under licence 14595.

The same page states Primus Global Ltd (HE 337614) is regulated by CySEC under licence number 261/14; the CySEC register lists that licence with a licence date of 22 December 2014.

Primus Solutions LTD (HE 410155) is named on the legal page as a payment agent acting for the Vanuatu entity, not as a licence holder.

FXPrimus' own accounts page lists a minimum deposit of $15 for its entry account and $500 for its raw-spread account.

The Financial Services Commission of Mauritius suspended FX Primus Limited's Investment Dealer (Currency Derivatives Segment) and Investment Dealer (Full Service Dealer excluding Underwriting) licences and its Global Business Licence with immediate effect on 28 May 2015, and gave public notice on 28 March 2016 that the licences had been revoked after its Enforcement Committee found breaches of the Financial Services Act 2007, the Code on the Prevention of Money Laundering and Terrorist Financing and the licensing conditions (fscmauritius.org)

Not verified

4 fields

The desk left these blank rather than fill them from secondary sources. They stay on the file as open questions and will be filled the day a primary source carries them.