Compare Admiral Markets vs FxPrimus
What is Admiral Markets? What is FxPrimus?
Admiral Markets is a forex and CFD broker that was founded in 2001 and is regulated by four tier-1 authorities, including the U.K.’s FCA and Australia’s ASIC. Admiral Markets offers over 6,900 tradeable symbols, including 80 forex pairs, stocks, ETFs, indices, commodities, and cryptocurrencies. Admiral Markets also provides social trading, copy trading, and educational resources for traders of all levels.
FxPrimus is a forex and CFD broker that was founded in 2009 and is regulated by one tier-1 authority, the Cyprus CySEC. FxPrimus offers 140 tradeable symbols, including 42 forex pairs, indices, commodities, metals, energies, and cryptocurrencies. FxPrimus also provides social trading, copy trading, and various tools and services to enhance trading performance.
Admiral Markets vs FxPrimus Regulation Comparison
Admiral Markets has a higher trust score than FxPrimus, as it is regulated by four tier-1 authorities (FCA, ASIC, CBI, and FINMA), while FxPrimus is regulated by only one (CySEC). Admiral Markets also has two tier-2 licenses (EFSA and CySEC), while FxPrimus has none. Neither broker has any tier-3 licenses.
Admiral Markets vs FxPrimus Trading Assets Comparison
Admiral Markets offers a much wider range of trading assets than FxPrimus, with 6,942 symbols versus 140 symbols. Admiral Markets has more forex pairs (80 vs 42), more stocks (4,000+ vs 0), more ETFs (400+ vs 0), more indices (40 vs 10), more commodities (32 vs 4), and more cryptocurrencies (32 vs 5). Both brokers offer CFD trading on all assets.
Admiral Markets vs FxPrimus Trading Fees Comparison
Admiral Markets and FxPrimus have similar fee structures, as both offer commission-free accounts and commission-based accounts. The commission-free accounts have higher spreads, while the commission-based accounts have lower spreads but charge a flat fee per lot traded. The exact fees depend on the account type, the asset class, and the trading volume.
For example, for EUR/USD trading on a commission-free account, Admiral Markets charges an average spread of 0.6 pips, while FxPrimus charges an average spread of 0.7 pips. On a commission-based account, Admiral Markets charges an average spread of 0.1 pips plus a commission of $3 per lot per side, while FxPrimus charges an average spread of 0.3 pips plus a commission of $5 per lot per side.
Both brokers also charge other fees, such as overnight financing fees (swap rates), inactivity fees, withdrawal fees, and conversion fees.
Admiral Markets vs FxPrimus Account Types Comparison
Admiral Markets offers three main account types: Trade.MT4, Trade.MT5, and Zero.MT4/MT5.
- The Trade accounts are commission-free accounts that have higher spreads but no commissions.
- The Zero accounts are commission-based accounts that have lower spreads but charge commissions.
- The minimum deposit for all accounts is $100.
FxPrimus offers four main account types: Standard Variable Spread Account (SVS), Premium Account (PRM), VIP Account (VIP), and ECN Premium Account (ECN).
- The SVS account is a commission-free account that has variable spreads depending on market conditions.
- The PRM account is a commission-free account that has fixed spreads regardless of market conditions.
- The VIP account is a commission-based account that has lower spreads but charges commissions.
- The ECN account is a commission-based account that has the lowest spreads but charges higher commissions.
- The minimum deposit for the SVS account is $100, for the PRM account is $500, for the VIP account is $10,000, and for the ECN account is $500.
Admiral Markets vs FxPrimus Deposit Options Comparison
Both brokers offer similar deposit and withdrawal options, such as bank wire transfer, credit/debit cards, e-wallets (Skrill, Neteller), and local payment methods (depending on the country of residence). Both brokers do not charge any fees for deposits or withdrawals, except for bank wire transfers, which may incur fees from the banks involved.
Admiral Markets vs FxPrimus Trading Platforms Comparison
Both brokers offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5) as their main trading platforms. MT4 and MT5 are popular and widely used platforms that offer advanced charting, technical analysis, automated trading, and custom indicators. Both brokers also provide web-based and mobile versions of MT4 and MT5.
In addition, Admiral Markets offers MetaTrader Supreme Edition, which is a plugin that enhances the functionality of MT4 and MT5 with additional features, such as a mini terminal, a trade terminal, a correlation matrix, a sentiment trader, and more. FxPrimus offers Primus Markets WebTrader, which is a web-based platform that allows traders to access their accounts and trade from any browser without downloading any software. Primus Markets WebTrader has a simple and user-friendly interface, with basic charting and trading tools.
Admiral Markets vs FxPrimus Analytical Tools Comparison
Both brokers offer various analytical tools and resources to help traders make informed decisions and improve their trading skills. Some of the tools and resources include:
- Market news and analysis
- Economic calendar
- Trading signals
- Webinars and seminars
- Educational articles and videos
- Trading calculators and converters
- Trading guides and ebooks
However, Admiral Markets has a more comprehensive and diverse range of analytical tools than FxPrimus, such as:
- Premium Analytics, which provides access to exclusive market data from Dow Jones Newswires, Trading Central, Acuity News, and MQL5 Signals.
- Technical Insight Lookup Indicator, which provides actionable trading ideas based on technical analysis for over 8,000 instruments.
- Fundamental Analysis Widget, which provides an overview of the macroeconomic events and indicators that affect the markets.
- Volatility Protection Settings, which allow traders to customize their risk management settings to avoid slippage, gapping, and margin calls.
Admiral Markets vs FxPrimus. Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, goals and risk appetite. Both brokers have their pros and cons, and you should weigh them carefully before making a decision. You should also consider other factors, such as customer service, reputation, regulation, and security. You can try out their demo account or read some of the user reviews to better understand their service and performance. Ultimately, the best broker for you is the one that meets your needs and expectations.
