Compare FxPrimus vs Amega
What is FxPrimus? What is Amega?
FxPrimus is a forex broker that claims to offer the safest place to trade, with zero commission, low spreads, fast execution, and various trading platforms. It is regulated by the Vanuatu Securities and Exchange Commission.
Amega is a forex broker that also claims to offer zero commission, low spreads, high leverage, and instant cashback. It is regulated by the Financial Services Authority of Saint Vincent and the Grenadines.
FxPrimus vs Amega Regulation Comparison
FxPrimus is regulated by the Vanuatu Securities and Exchange Commission, which requires a minimum capital of $50,000 for forex brokers and imposes some reporting and auditing obligations.
Amega is regulated by the Financial Services Authority of Saint Vincent and the Grenadines, which does not require any minimum capital or financial reporting for forex brokers and does not supervise or monitor their activities.
FxPrimus vs Amega Trading Assets Comparison
Both FxPrimus and Amega offer a wide range of trading instruments, including forex, stocks, indices, commodities, metals, and energies. However, FxPrimus has more currency pairs (120+) than Amega (80+) .
FxPrimus also offers some exotic instruments such as cryptocurrencies and futures contracts, while Amega does not have these options.
FxPrimus vs Amega Trading Fees Comparison
Both FxPrimus and Amega claim to offer zero commission trading, which means they do not charge any fees for opening or closing trades. However, they still make money from the spread, which is the difference between the bid and ask prices of an instrument.
The spread varies depending on the instrument, market conditions, account type, and trading platform. FxPrimus has lower spreads than Amega on average, especially for major currency pairs such as EUR/USD or GBP/USD.
Both brokers also charge swap fees for holding positions overnight, which are based on the interest rate differential between the two currencies involved in a pair. The swap fees can be positive or negative depending on the direction of the trade and the broker’s policy. FxPrimus has lower swap fees than Amega on average.
FxPrimus vs Amega Account Types Comparison
FxPrimus offers three types of accounts: Standard, Premium, and VIP. The minimum deposit for each account is $1000, $2500, and $10,000 respectively. The leverage ranges from 1:30 to 1:1000 depending on the instrument and the client’s country of residence. The spread starts from 1.6 pips for Standard, 0.6 pips for Premium, and 0 pips for VIP. The execution type is market for all accounts. The platforms available are MT4 and MT5 for desktop, web, and mobile devices.
Amega offers four types of accounts: Mini MT5 (cent), Premium MT5 (standard), Scalper MT5 (ECN), and SwapFree MT5 (Islamic). The minimum deposit for each account is $0 (no minimum), $1000 (no minimum), $100 (no minimum), and $1000 (no minimum) respectively. The leverage ranges from 1:10 to 1:1000 depending on the instrument and the account type. The spread starts from 0 pips for all accounts except SwapFree MT5 which has a fixed spread of 3 pips. The execution type is market for all accounts except Scalper MT5 which has instant execution. The platform available is only MT5 for desktop, web, and mobile devices.
FxPrimus vs Amega Deposit Options Comparison
Both FxPrimus and Amega offer a variety of deposit and withdrawal options for their clients. These include bank wire transfer, credit/debit cards, e-wallets (such as Skrill, Neteller, Sticpay, etc.), and cryptocurrencies (such as Bitcoin, Ethereum, etc.).
However, the availability, speed, and fees of these options may vary depending on the broker, the client’s country of residence, and the payment method. FxPrimus has faster and cheaper deposit and withdrawal options than Amega on average.
FxPrimus vs Amega Trading Platforms Comparison
Both FxPrimus and Amega use MetaTrader as their main trading platform. MetaTrader is a popular and user-friendly platform that offers advanced charting, technical analysis, automated trading, and custom indicators.
However, FxPrimus offers both MT4 and MT5 versions of MetaTrader, while Amega only offers MT5. MT4 is the older and more widely used version of MetaTrader, while MT5 is the newer and more advanced version that supports more instruments and features.
Both brokers also offer web-based and mobile versions of MetaTrader, which allow traders to access their accounts from any device and any location.
FxPrimus vs Amega Analytical Tools Comparison
Both FxPrimus and Amega provide some analytical tools for their clients to enhance their trading experience and performance. These include economic calendars, market news, trading signals, webinars, educational materials, and customer support.
However, FxPrimus seems to have more and better analytical tools than Amega on average. For example, FxPrimus offers daily market analysis videos, free VPS service, PAMM accounts, and 24/5 live chat support. Amega does not have these options or has less quality ones.
FxPrimus vs Amega. Which forex broker is better? Which forex broker should you choose?
There is no definite answer as to which forex broker is better or which one you should choose, as different brokers can have different advantages and disadvantages depending on style. your trading, preferences, goals and risk appetite. However, you can refer to some general guidelines and tips to help you compare FxPrimus and Amega and make an informed decision.
- First of all, you should consider the regulations and reputation of the broker. Regulation is important because it ensures that brokers follow certain rules and standards to protect your money and interests. Reputation is important as it reflects the quality and reliability of the broker’s services and customer satisfaction. FxPrimus seems to have better regulation and reputation than Amega, as it is regulated by a more reputable body (Vanuatu Securities and Exchange Commission) and has more positive reviews and ratings from publishers. traders and professionals.
- Second, you should compare trading assets and brokers’ fees. Trading assets are instruments that you can trade with brokers, such as forex, stocks, indices, commodities, etc. Trading fees are costs that you pay to trade with brokers, such as spreads, commissions, swaps, etc. . Both FxPrimus and Amega offer a wide range of trading assets, but FxPrimus has more currency pairs and some exotic instruments that Amega doesn’t have. Both brokers claim to offer zero commission trading, but on average FxPrimus has lower spreads and swap fees than Amega.
- Third, you should compare account types and deposit and withdrawal options of brokers. Account types are different types of accounts that you can open with brokers, which may have different features and benefits such as minimum deposit, leverage, execution type, availability of platform, etc. Deposit and Withdrawal Options are methods that you can use to deposit and withdraw funds from your account, such as bank transfer, credit/debit card, e-wallet, e-money death, etc. Both FxPrimus and Amega offer different account types for different types of traders, but FxPrimus has a higher minimum deposit and lower leverage than Amega for some accounts. Both brokers offer a variety of deposit and withdrawal options, but on average FxPrimus has faster and cheaper options than Amega.
- Fourth, you should compare brokers’ trading platforms and analysis tools. A trading platform is the software that you use to access the markets and execute your trades, such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), web-based platforms, apps for mobile devices, etc. Analytical tools are resources that brokers provide to help you analyze the markets and improve your trading skills and performance, such as economic calendars, market news, trading signals, webinars, educational materials, customer support, and more. Both FxPrimus and Amega use MetaTrader as their main trading platform, but FxPrimus offers both MT4 and MT5 versions while Amega only offers MT5. On average, FxPrimus also seems to have better analysis tools than Amega.
