Compare FreshForex vs FxPrimus
What is FreshForex? What is FxPrimus ?
FreshForex is a brand that provides access to online trading for clients from more than 200 countries all over the world. The company has been operating in the foreign exchange market since 2004 and offers various trading conditions, bonuses, promotions, analytics and education services. FreshForex is regulated by the Vanuatu Securities and Exchange Commission with a Dealer in Securities Principal License.
FxPrimus is an international investment firm that offers online trading of forex, stocks, indices, metals and energies. The company is also a member of the FXPrimus Group and has been in the market since 2009. FxPrimus claims to be the safest place to trade and provides various trading platforms, tools, resources and support. FxPrimus is also regulated by the Vanuatu Securities and Exchange Commission with a Dealer in Securities Principal License.
FreshForex vs FxPrimus Regulation Comparison
Both FreshForex and FxPrimus are authorized and regulated by the same authority, which is the Vanuatu Securities and Exchange Commission (VSFC). This means that they have to comply with the same rules and standards of conduct, such as maintaining adequate capital, segregating client funds, providing fair and transparent services, and submitting regular reports to the regulator.
However, VSFC is not a very reputable or strict regulator compared to other jurisdictions, such as the UK, Australia, Cyprus or Singapore. Therefore, traders who choose to trade with FreshForex or FxPrimus should be aware of the potential risks involved and exercise caution when dealing with these brokers.
FreshForex vs FxPrimus Trading Assets Comparison
| Asset Class | FreshForex | FxPrimus |
|---|---|---|
| Forex | 49 currency pairs | 40 currency pairs |
| Metals | 4 metals (gold, silver, platinum, palladium) | 5 metals (gold, silver, platinum, palladium, copper) |
| Energies | 3 energies (Brent crude oil, WTI crude oil, natural gas) | 3 energies (Brent crude oil, WTI crude oil, natural gas) |
| Equities | None | Over 120 stocks from US and EU markets |
| Indices | 11 indices (US30, SPX500, NAS100, UK100, GER30, FRA40, AUS200, JPN225, HK50, ESP35, CHN50) | 10 indices (US30, SPX500, NAS100, UK100, GER30, FRA40, AUS200, JPN225, HK50, CHN50) |
FreshForex has more forex pairs but no equities, while FxPrimus has more metals and equities but fewer forex pairs. Both brokers have the same number of energies and similar indices.
FreshForex vs FxPrimus Trading Fees Comparison
| Fee Type | FreshForex | FxPrimus |
|---|---|---|
| Spread | Variable or fixed depending on account type; average variable spread for EUR/USD is 0.9 pips; average fixed spread for EUR/USD is 2 pips | Variable depending on account type; average variable spread for EUR/USD is 1.6 pips |
| Commission | None for Classic and Market Pro accounts; $6 per lot round turn for ECN account | None for Variable account; $10 per lot round turn for ECN Premier account |
| Swap | Charged or credited depending on position direction and instrument; swap rates are updated daily on the website | Charged or credited depending on position direction and instrument; swap rates are updated daily on the website |
| Deposit Fee | None; all deposit methods are free of charge | None; all deposit methods are free of charge |
| Withdrawal Fee | Depends on withdrawal method; some methods are free of charge while others have a fixed fee or a percentage fee | Depends on withdrawal method; some methods are free of charge while others have a fixed fee or a percentage fee |
FreshForex vs FxPrimus Account Types Comparison
| Account Type | FreshForex | FxPrimus |
|---|---|---|
| Classic | Minimum deposit: $1; Leverage: up to 1:2000; Spread: fixed from 2 pips; Commission: none; Execution: instant; Minimum lot size: 0.01; Maximum lot size: 100; Margin call: 100%; Stop out: 20% | Not available |
| Market Pro | Minimum deposit: $1; Leverage: up to 1:2000; Spread: variable from 0.9 pips; Commission: none; Execution: market; Minimum lot size: 0.01; Maximum lot size: 100; Margin call: 100%; Stop out: 20% | Not available |
| ECN | Minimum deposit: $1; Leverage: up to 1:2000; Spread: variable from 0 pips; Commission: $6 per lot round turn; Execution: market; Minimum lot size: 0.01; Maximum lot size: 100; Margin call: 100%; Stop out: 20% | Not available |
| Variable | Not available | Minimum deposit: $500; Leverage: up to 1:500; Spread: variable from 1.6 pips; Commission: none; Execution: market; Minimum lot size: 0.01; Maximum lot size: 50; Margin call: 100%; Stop out: 30% |
| ECN Premier | Not available | Minimum deposit: $500; Leverage: up to 1:500; Spread: variable from 0 pips; Commission: $10 per lot round turn; Execution: market; Minimum lot size: 0.01; Maximum lot size: 50; Margin call: 100%; Stop out: 30% |
FreshForex vs FxPrimus Deposit Options Comparison
| Option Type | FreshForex | FxPrimus |
|---|---|---|
| Bank Wire Transfer | Available for both deposit and withdrawal; no deposit fee but withdrawal fee depends on bank charges | Available for both deposit and withdrawal; no deposit fee but withdrawal fee is $50 |
| Credit/Debit Card | Available for both deposit and withdrawal; no deposit fee but withdrawal fee is 2.5% + $3.5 per transaction | Available for both deposit and withdrawal; no deposit fee but withdrawal fee is $3 per transaction |
| E-Wallets | Available for both deposit and withdrawal; no deposit fee but withdrawal fee depends on e-wallet provider (e.g. Skrill, Neteller, WebMoney, Perfect Money, etc.) | Available for both deposit and withdrawal; no deposit fee but withdrawal fee depends on e-wallet provider (e.g. Skrill, Neteller, ecoPayz, etc.) |
| Cryptocurrencies | Available for both deposit and withdrawal; no deposit fee but withdrawal fee is 0.001 BTC or equivalent per transaction | Not available |
FreshForex vs FxPrimus Trading Platforms Comparison
| Platform Type | FreshForex | FxPrimus |
|---|---|---|
| MetaTrader 4 (MT4) | Available for desktop, web and mobile devices (Windows, Mac, Linux, Android, iOS); supports multiple languages, charting tools, indicators, expert advisors, scripts and customizations | Available for desktop, web and mobile devices (Windows, Mac, Android, iOS); supports multiple languages, charting tools, indicators, expert advisors, scripts and customizations |
| MetaTrader 5 (MT5) | Available for desktop, web and mobile devices (Windows, Mac, Linux, Android, iOS); supports multiple languages, charting tools, indicators, expert advisors, scripts and customizations; offers more timeframes, order types and market depth than MT4 | Not available |
| PAMM Service | Available for both investors and managers; allows to copy trades of successful traders and earn passive income; offers various statistics, ratings and risk management tools | Not available |
| Primus WebTrader | Not available | Available for web browsers; supports multiple languages, charting tools, indicators, trading signals and customizations; offers one-click trading and advanced order types |
| Primus Mobile App | Not available | Available for mobile devices (Android, iOS); supports multiple languages, charting tools, indicators, trading signals and customizations; offers one-click trading and advanced order types |
Both brokers offer MT4 as their main platform but FreshForex also offers MT5 and PAMM service while FxPrimus also offers Primus WebTrader and Primus Mobile App.
FreshForex vs FxPrimus Analytical Tools Comparison
FreshForex provides the following analytical tools:
- Fresh Forecast: daily and weekly analysis and trading recommendations from leading experts of FreshForex company, including technical and fundamental analysis
- Calendar of Events: a list of important economic and political events that may affect the market movements, along with their expected impact, previous and forecasted values
- Financial News: the latest news from the forex market by Dow Jones Newswires, a reputable news agency
- Trading Sessions: a timetable of the opening and closing hours of the major trading sessions, such as London, New York, Tokyo and Sydney
- Holiday Schedule: a calendar of holidays that may affect the trading activity and liquidity of the market
- Interest Rates: a table of the current interest rates of the world’s central banks, which may influence the exchange rates of the currencies
- MetaTrader 4 and MetaTrader 5: popular trading platforms that support multiple languages, charting tools, indicators, expert advisors, scripts and customizations; MT5 also offers more timeframes, order types and market depth than MT4
- PAMM Service: a service that allows investors to copy the trades of successful traders and earn passive income; it also allows managers to attract more funds and increase their profits; it offers various statistics, ratings and risk management tools
FxPrimus provides the following analytical tools:
- MetaTrader 4: a popular trading platform that supports multiple languages, charting tools, indicators, expert advisors, scripts and customizations.
- Primus WebTrader: a web-based trading platform that supports multiple languages, charting tools, indicators, trading signals and customizations; it also offers one-click trading and advanced order types.
- Primus Mobile App: a mobile-based trading platform that supports multiple languages, charting tools, indicators, trading signals and customizations; it also offers one-click trading and advanced order types.
- Economic Calendar: a list of important economic and political events that may affect the market movements, along with their expected impact, previous and forecasted values.
- Calculators: various calculators that help traders to calculate their margin, pip value, swap rate, position size and profit/loss.
- Educational Resources: various resources that help traders to learn about forex trading, such as expert guests, seminars, webinars, videos and blog posts.
Both brokers offer similar analytical tools but FreshForex has more options for forecasting, news and trading platforms while FxPrimus has more options for signals, calculators and education.
FreshForex vs FxPrimus . Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading style, goals and risk appetite. However, here are some possible advantages and disadvantages of each broker:
FreshForex:
- Advantages: lower spreads and commissions, higher leverage, more forex pairs, MT5 and PAMM service available, no deposit fee, various bonuses and promotions.
- Disadvantages: no equities, higher withdrawal fees, less reputable regulator, fewer signals, calculators and educational resources.
FxPrimus:
- Advantages: more metals and equities, lower withdrawal fees, more reputable regulator, more signals, calculators and educational resources, Primus WebTrader and Primus Mobile App available.
- Disadvantages: higher spreads and commissions, lower leverage, fewer forex pairs, no MT5 and PAMM service available, no bonuses and promotions.
You may want to consider these factors and weigh them against your own criteria before making a final decision. You may also want to test both brokers with a demo account or a small deposit to see how they perform in real market conditions. Ultimately, the best forex broker for you is the one that meets your needs and expectations.
