Compare FxPrimus vs Eightcap
What is FxPrimus? What is Eightcap?
FxPrimus is an international investment firm that provides online trading services for forex, metals, energies, equities, and indices. FxPrimus claims to be the safest place to trade, with various security measures and educational resources for its clients. FxPrimus is authorised and regulated by the Vanuatu Securities and Exchange Commission, as well as other regulators in different jurisdictions.
Eightcap is an Australian-based broker that offers online trading services for forex, indices, commodities, shares, and cryptocurrencies. Eightcap aims to provide traders with a smart and transparent trading environment, with low spreads, fast execution, and innovative tools. Eightcap is authorised and regulated by the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA) in the UK, and the Cyprus Securities and Exchange Commission (CySEC).
FxPrimus vs Eightcap Regulation Comparison
Both FxPrimus and Eightcap are regulated by reputable authorities in different regions. However, Eightcap has more Tier-1 licenses than FxPrimus, which means it is subject to higher standards of oversight and protection. Tier-1 licenses are granted by regulators that have strict rules and requirements for financial service providers, such as ASIC, FCA, and CySEC. FxPrimus only has one Tier-1 license from CySEC, while Eightcap has three Tier-1 licenses from ASIC, FCA, and CySEC. Therefore, Eightcap may be considered more trustworthy and reliable than FxPrimus in terms of regulation.
FxPrimus vs Eightcap Trading Assets Comparison
Both FxPrimus and Eightcap offer a range of trading assets for their clients, including forex, indices, commodities, shares, and cryptocurrencies. However, Eightcap has a much larger number of tradable symbols than FxPrimus, with 736 CFDs compared to 140 CFDs. This means that Eightcap provides more opportunities and diversity for traders to access different markets and instruments.
Moreover, Eightcap offers physical cryptocurrency trading, while FxPrimus only offers cryptocurrency CFDs. Physical cryptocurrency trading allows traders to own and transfer the actual coins, while CFDs are contracts that track the price movements of the underlying assets.
FxPrimus vs Eightcap Trading Fees Comparison
Comparing the trading costs of forex and CFDs is not easy, as different brokers have different pricing structures and methods of calculation. However, Eightcap seems to offer better pricing overall for traders than FxPrimus. Eightcap has lower average spreads for the EUR/USD pair than FxPrimus, with 1.0 pips versus N/A pips. Eightcap also has lower all-in costs for active traders than FxPrimus, with 0.76 pips versus N/A pips. All-in costs include spreads, commissions, and other fees that affect the profitability of trading. Furthermore, Eightcap does not charge any deposit or withdrawal fees for most payment methods, while FxPrimus may charge some fees depending on the method and amount.
FxPrimus vs Eightcap Account Types Comparison
Both FxPrimus and Eightcap offer various account types for their clients to suit their preferences and needs. FxPrimus has four account types: Standard Variable Spread Account (SVS), ECN Premium Account (ECN), Variable Spread VIP Account (VIP), and Fixed Spread Account (FS). Each account type has different features and benefits, such as minimum deposit requirements, leverage ratios, spreads, commissions, swap discounts, etc. For example, the SVS account requires a minimum deposit of $1000 USD, has a leverage of up to 1:1000, variable spreads from 1.6 pips on EUR/USD pair, no commissions per lot traded, and no swap discounts. The ECN account requires a minimum deposit of $500 USD, has a leverage of up to 1:500, variable spreads from 0 pips on EUR/USD pair, $10 USD commissions per lot traded, and 25% swap discounts. The VIP account requires a minimum deposit of $2500 USD, has a leverage of up to 1:500, variable spreads from 0 pips on EUR/USD pair, $6 USD commissions per lot traded, and 50% swap discounts. The FS account requires a minimum deposit of $500 USD, has a leverage of up to 1:1000, fixed spreads from 1.9 pips on EUR/USD pair, no commissions per lot traded, and no swap discounts.
Eightcap has two account types: Standard Account and Raw Account. The Standard Account has no commissions, but higher spreads, while the Raw Account has lower spreads, but charges commissions. Both account types have a minimum deposit of $100 AUD, a leverage of up to 1:500, and no swap discounts. For example, the Standard Account has variable spreads from 1.0 pips on EUR/USD pair, and no commissions per lot traded. The Raw Account has variable spreads from 0.0 pips on EUR/USD pair, and $3.5 AUD commissions per lot traded.
FxPrimus vs Eightcap Deposit Options Comparison
Both FxPrimus and Eightcap offer a variety of deposit and withdrawal options for their clients, such as bank wire transfers, credit/debit cards, e-wallets, and local payment methods. However, there are some differences in the availability, processing time, and fees of these options. For example, FxPrimus accepts deposits and withdrawals in USD, EUR, GBP, SGD, PLN, and ZAR currencies, while Eightcap accepts deposits and withdrawals in AUD, USD, GBP, EUR, NZD, CAD, CHF, JPY, and SGD currencies.
FxPrimus processes deposits and withdrawals within 1-5 business days, while Eightcap processes deposits within 1 business day and withdrawals within 2-5 business days. FxPrimus may charge some fees for deposits and withdrawals depending on the method and amount, while Eightcap does not charge any fees for most payment methods.
FxPrimus vs Eightcap Trading Platforms Comparison
Both FxPrimus and Eightcap offer the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms for their clients. These platforms are widely used by traders around the world for their advanced charting, expert advisors, custom indicators, and automated trading features. Both brokers also provide web-based and mobile versions of these platforms for convenience and accessibility.
However, Eightcap has an additional feature that FxPrimus does not have: the integration with TradingView. TradingView is a social network for traders that provides powerful charting tools, trading strategies, indicators, and signals. With TradingView integration, Eightcap clients can trade directly from TradingView charts into their Eightcap accounts.
FxPrimus vs Eightcap Analytical Tools Comparison
Both FxPrimus and Eightcap offer various analytical tools for their clients to enhance their trading performance and experience. For example, FxPrimus provides daily market analysis videos, weekly market outlook webinars, economic calendar, trading signals from Autochartist and Vantage FX. Eightcap provides weekly trade ideas from its experts, AI-powered economic calendar from Tradays, code-free automation from Capitalise.ai, flash trading from FlashTrader, and cryptocurrency trade ideas from Crypto Crusher.
However, the quality and quantity of these tools may vary depending on the account type and subscription level of the clients. Therefore, traders should compare the features and benefits of these tools before choosing a broker.
FxPrimus vs Eightcap. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that can affect your trading success and experience. There are many factors to consider when comparing different brokers, such as regulation, trading assets, trading fees, account types, deposit and withdrawal options, trading platforms, and analytical tools. Ultimately, the choice of a forex broker depends on your personal preferences, trading goals, risk appetite, and budget. You should do your own research before making a final decision, and consult with a professional financial advisor if necessary.
