Compare Deriv vs FxPrimus
What is Deriv? What is FxPrimus?
- Deriv is an online trading platform that offers forex, commodities, synthetic indices, stocks, and stock indices1. It is operated by Deriv (Europe) Limited, a company registered in Malta and regulated by the Malta Financial Services Authority (MFSA).
- FxPrimus is an online trading platform that offers forex, metals, energies, equities and indices. It is operated by Primus Markets INTL Ltd, a company registered in Vanuatu and regulated by the Vanuatu Securities and Exchange Commission (VSFC).
Deriv vs FxPrimus Overall Comparison
- Both platforms offer a wide range of trading instruments, but Deriv has some exclusive assets such as synthetic indices that are not available on FxPrimus.
- Both platforms use MetaTrader 5 (MT5) as their main trading platform, but Deriv also has its own web-based platform called DTrader.
- Both platforms have similar minimum deposit requirements ($10 for Deriv and $100 for FxPrimus), but FxPrimus offers more deposit and withdrawal options than Deriv.
- Both platforms provide educational resources and analytical tools for traders, but FxPrimus has more features such as daily market analysis, webinars, ebooks and videos.
Deriv vs FxPrimus Regulation Comparison
- Deriv is regulated by the MFSA in Malta, which is a member of the European Union and follows the Markets in Financial Instruments Directive (MiFID) II. This means that Deriv has to comply with high standards of investor protection, transparency and security.
- FxPrimus is regulated by the VSFC in Vanuatu, which is a small island nation in the Pacific Ocean and not part of any major regulatory framework. This means that FxPrimus may not have to follow the same rules and regulations as Deriv, and may offer higher leverage and lower fees to attract traders.
Deriv vs FxPrimus Trading Assets Comparison
- Deriv offers over 100 trading instruments across five asset classes: forex, commodities, synthetic indices, stocks and stock indices. Synthetic indices are unique to Deriv and are simulated markets that mimic the movements of real-world markets.
- FxPrimus offers over 130 trading instruments across five asset classes: forex, metals, energies, equities and indices. FxPrimus does not offer synthetic indices or cryptocurrencies.
Deriv vs FxPrimus Trading Fees Comparison
- Deriv does not charge any commissions or fees on its trades, except for cryptocurrencies which have a 1.5% commission per side. Deriv makes money from the spreads, which are the difference between the bid and ask prices of an instrument.
- FxPrimus charges commissions on some of its account types (such as ECN Premier) and also makes money from the spreads. The commissions vary depending on the instrument and account type, but they can range from $3.5 to $10 per lot per side.
Deriv vs FxPrimus Account Types Comparison
- Deriv offers three account types: Standard MT5 (for forex and commodities), Synthetic Indices MT5 (for synthetic indices) and Financial STP MT5 (for stocks and stock indices). All account types have a minimum deposit of $10 and a maximum leverage of 1:1000.
- FxPrimus offers four account types: Standard (for all instruments), ECN Premium (for all instruments with lower spreads and commissions), Variable (for all instruments with variable spreads) and Fixed (for all instruments with fixed spreads). All account types have a minimum deposit of $100 and a maximum leverage of 1:500.
Deriv vs FxPrimus Trading Conditions Comparison
- Deriv has a minimum trade size of 0.01 lot for all instruments except for synthetic indices which have a minimum trade size of 0.10 lot. Deriv does not have any restrictions on trading strategies such as scalping, hedging or arbitrage.
- FxPrimus has a minimum trade size of 0.01 lot for all instruments. FxPrimus does not allow scalping, hedging or arbitrage on its platforms, and may cancel or reject orders that violate its terms and conditions.
Deriv vs FxPrimus Deposit Options Comparison
- Deriv offers various deposit and withdrawal options such as bank wire transfer, credit/debit cards, e-wallets (such as Skrill, Neteller, FasaPay, Perfect Money, WebMoney and Jeton), cryptocurrencies (such as Bitcoin, Ethereum, Litecoin, Tether and Dai) and local payment methods (such as PayTrust, Help2Pay, ZingPay and DragonPay). Deriv does not charge any fees for deposits or withdrawals, but some payment providers may charge their own fees.
- FxPrimus offers various deposit and withdrawal options such as bank wire transfer, credit/debit cards, e-wallets (such as Skrill, Neteller, ecoPayz and Bitwallet), cryptocurrencies (such as Bitcoin, Ethereum and Tether) and local payment methods (such as NganLuong.vn, DragonPay and Globe GCash). FxPrimus does not charge any fees for deposits or withdrawals, but some payment providers may charge their own fees.
Deriv vs FxPrimus Trading Platforms Comparison
- Deriv uses MT5 as its main trading platform, which is a popular and powerful platform that supports multiple markets, order types, indicators and tools. Deriv also has its own web-based platform called DTrader, which is a simple and user-friendly platform that allows traders to customize their trades with various parameters such as duration, stake, payout and barrier.
- FxPrimus also uses MT5 as its main trading platform, which offers the same features and benefits as Deriv’s MT5. FxPrimus does not have its own web-based platform.
Deriv vs FxPrimus Analytical Tools Comparison
- Deriv provides some analytical tools for traders such as economic calendar, trading signals, market news and analysis. Deriv also allows traders to use third-party tools such as TradingView and SmartTrader on its platforms.
- FxPrimus provides more analytical tools for traders such as daily market analysis, webinars, ebooks, videos, trading signals, economic calendar and VPS service. FxPrimus also allows traders to use third-party tools such as Autochartist and ZuluTrade on its platforms.
Deriv vs FxPrimus Educational Resources Comparison
- Deriv offers some educational resources for traders such as glossary, FAQ, blog and help center. Deriv also has a demo account option that allows traders to practice their skills and strategies with virtual funds.
- FxPrimus offers more educational resources for traders such as glossary, FAQ, blog, help center, ebooks, videos and webinars. FxPrimus also has a demo account option that allows traders to practice their skills and strategies with virtual funds.
Which offers better pricing – Deriv or FxPrimus
- Pricing can vary depending on the instrument, account type and trading style. However, in general, Deriv offers lower spreads and no commissions on most of its trades, except for cryptocurrencies which have a 1.5% commission per side. FxPrimus offers variable spreads and commissions on some of its account types, such as ECN Premium, which can range from $3.5 to $10 per lot per side.
- Therefore, Deriv may offer better pricing for traders who prefer fixed spreads and no commissions, while FxPrimus may offer better pricing for traders who prefer variable spreads and lower commissions.
Which broker offers more security when trading Forex and CFDs?
- Security can be measured by the regulation, segregation and protection of the brokers. Deriv is regulated by the MFSA in Malta, which is a member of the European Union and follows the MiFID II framework. Deriv also segregates its clients’ funds from its own funds and provides negative balance protection. However, Deriv does not offer any compensation scheme for its clients in case of insolvency.
- FxPrimus is regulated by the VSFC in Vanuatu, which is not part of any major regulatory framework. FxPrimus also segregates its clients’ funds from its own funds and provides negative balance protection. In addition, FxPrimus offers a compensation scheme of up to €2.5 million per client in case of insolvency.
- Therefore, FxPrimus may offer more security for traders who value compensation schemes, while Deriv may offer more security for traders who value EU regulation.
Which broker offers the superior trading platform?
- Both brokers use MT5 as their main trading platform, which is a popular and powerful platform that supports multiple markets, order types, indicators and tools . However, Deriv also has its own web-based platform called DTrader, which is a simple and user-friendly platform that allows traders to customize their trades with various parameters such as duration, stake, payout and barrier.
- Therefore, Deriv may offer a superior trading platform for traders who want more flexibility and simplicity, while FxPrimus may offer a superior trading platform for traders who want more features and benefits.
Do these brokers both offer MetaTrader?
Yes, both brokers offer MetaTrader 5 (MT5) as their main trading platform
How many Forex pairs can you expect from these brokers?
Deriv offers over 50 forex pairs across major, minor and exotic currencies. FxPrimus offers over 60 forex pairs across major, minor and exotic currencies.
Is it safe to trade with Deriv?
- Deriv is a regulated broker that follows high standards of investor protection, transparency and security. Deriv also segregates its clients’ funds from its own funds and provides negative balance protection. However, Deriv does not offer any compensation scheme for its clients in case of insolvency.
- Therefore, it is relatively safe to trade with Deriv, but traders should be aware of the risks involved in online trading and do their own research before choosing a broker.
Is it safe to trade with FxPrimus?
- FxPrimus is a regulated broker that segregates its clients’ funds from its own funds and provides negative balance protection. FxPrimus also offers a compensation scheme of up to €2.5 million per client in case of insolvency.
- Therefore, it is relatively safe to trade with FxPrimus, but traders should be aware of the risks involved in online trading and do their own research before choosing a broker.
Is Deriv a good broker?
- Deriv is a good broker for traders who prefer fixed spreads and no commissions on most of their trades, except for cryptocurrencies which have a 1.5% commission per side. Deriv also offers over 100 trading instruments across five asset classes, including synthetic indices that are unique to Deriv. Deriv also has its own web-based platform called DTrader, which is a simple and user-friendly platform that allows traders to customize their trades with various parameters.
- However, Deriv does not offer any compensation scheme for its clients in case of insolvency. Deriv also has fewer deposit and withdrawal options than FxPrimus . Deriv also provides fewer educational resources and analytical tools than FxPrimus .
Is FxPrimus a good broker?
- FxPrimus is a good broker for traders who prefer variable spreads and lower commissions on some of their account types, such as ECN Premium. FxPrimus also offers over 130 trading instruments across five asset classes. FxPrimus also provides more deposit and withdrawal options than Deriv . FxPrimus also offers more educational resources and analytical tools than Deriv .
- However, FxPrimus is regulated by the VSFC in Vanuatu, which is not part of any major regulatory framework. FxPrimus also does not allow scalping, hedging or arbitrage on its platforms, and may cancel or reject orders that violate its terms and conditions. FxPrimus also does not have its own web-based platform.
Deriv vs FxPrimus. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better or which one you should choose. It depends on your personal preferences, trading style, goals and risk appetite. However, I can give you some general guidelines to help you compare Deriv and FxPrimus based on the information I found online.
- If you prefer fixed spreads and no commissions on most of your trades, except for cryptocurrencies which have a 1.5% commission per side, you may like Deriv better than FxPrimus.
- If you prefer variable spreads and lower commissions on some of your account types, such as ECN Premium, you may like FxPrimus better than Deriv.
- If you value EU regulation and MiFID II compliance, you may prefer Deriv over FxPrimus, as Deriv is regulated by the MFSA in Malta, while FxPrimus is regulated by the VSFC in Vanuatu.
- If you value compensation schemes in case of insolvency, you may prefer FxPrimus over Deriv, as FxPrimus offers a compensation scheme of up to €2.5 million per client, while Deriv does not offer any compensation scheme.
- If you want to trade synthetic indices, which are simulated markets that mimic the movements of real-world markets, you may prefer Deriv over FxPrimus, as Deriv offers synthetic indices as an exclusive asset class, while FxPrimus does not offer them.
- If you want to have more deposit and withdrawal options, such as PayPal, UnionPay and Bitwallet, you may prefer FxPrimus over Deriv, as FxPrimus offers more payment methods than Deriv.
- If you want to have more educational resources and analytical tools, such as daily market analysis, webinars, ebooks, videos and VPS service, you may prefer FxPrimus over Deriv, as FxPrimus offers more features than Deriv.
- If you want to have more flexibility and simplicity in your trading platform, you may prefer Deriv over FxPrimus, as Deriv has its own web-based platform called DTrader, which allows traders to customize their trades with various parameters such as duration, stake, payout and barrier.
Ultimately, the best way to decide which forex broker is better for you is to try them out yourself. You can open a demo account with both brokers and test their platforms, services and features with virtual funds. This way, you can get a feel of how they work and see which one suits your needs better.
