Compare FxPrimus vs Fortrade
What is FxPrimus? What is Fortrade?
FxPrimus is an online broker that offers trading on forex, stocks, indices, commodities, metals, and cryptocurrencies. It was founded in 2009 and is regulated by the Vanuatu Securities and Exchange Commission. It claims to be the safest place to trade and provides various security measures such as segregated accounts, negative balance protection, and insurance coverage.
Fortrade is an online broker that offers trading on forex, stocks, indices, commodities, metals, and ETFs. It was founded in 2013 and is regulated by the Financial Conduct Authority in the UK, the Canadian Investment Regulatory Organization, and the National Bank of the Republic of North Macedonia. It provides a range of trading platforms, educational resources, and market analysis.
FxPrimus vs Fortrade Regulation Comparison
FxPrimus is regulated by the Vanuatu Securities and Exchange Commission (VFSC) with a Dealer in Securities Principal License. It also has a license from the Cyprus Securities and Exchange Commission (CySEC) for its European entity. However, it does not accept clients from certain countries such as the USA, Iran, North Korea, and Cuba.
Fortrade is regulated by the Financial Conduct Authority (FCA) in the UK with a reference number 609970. It also has licenses from the Canadian Investment Regulatory Organization (CIRO) and the Canadian Investor Protection Fund (CIPF) for its Canadian entity, and from the National Bank of the Republic of North Macedonia (NBRNM) for its Balkan entity. It does not accept clients from countries where its services are prohibited by local laws.
FxPrimus vs Fortrade Trading Assets Comparison
FxPrimus offers over 130 instruments to trade on, including 40 currency pairs, 10 indices, 3 commodities, 4 metals, and 6 cryptocurrencies. It also offers trading on US stocks through CFDs.
Fortrade offers over 300 instruments to trade on, including 60 currency pairs, 20 indices, 19 commodities, 4 metals, and 12 ETFs. It also offers trading on US and UK stocks through CFDs.
FxPrimus vs Fortrade Trading Fees Comparison
FxPrimus charges variable spreads on its instruments, starting from 0.1 pips for EUR/USD on its ECN account. It also charges a commission of $10 per lot for its ECN account. It does not charge any deposit or withdrawal fees, but it may charge an inactivity fee of $50 per month after 180 days of no trading activity.
Fortrade charges fixed spreads on its instruments, starting from 2 pips for EUR/USD on its standard account. It does not charge any commission or deposit fees, but it may charge withdrawal fees depending on the method and amount. It also charges an inactivity fee of $10 per month after 180 days of no trading activity.
FxPrimus vs Fortrade 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 main differences between the accounts are the spreads, commissions, leverage, and benefits such as free VPS, personal account manager, and daily market outlook.
Fortrade offers two types of accounts: Standard and Professional. The minimum deposit for both accounts is $100. The main difference between the accounts is the leverage, which is up to 30:1 for Standard and up to 200:1 for Professional. However, to qualify for a Professional account, traders need to meet certain criteria such as trading experience, financial situation, and knowledge level.
FxPrimus vs Fortrade Deposit Options Comparison
FxPrimus accepts various deposit and withdrawal methods such as bank wire transfer, credit/debit cards, e-wallets (Skrill, Neteller), local bank transfer (in selected countries), and cryptocurrencies (Bitcoin). The processing time for deposits is instant or up to one business day depending on the method. The processing time for withdrawals is up to one business day for e-wallets and up to five business days for other methods.
Fortrade accepts various deposit and withdrawal methods such as bank wire transfer, credit/debit cards, e-wallets (Skrill, Neteller, WebMoney), local bank transfer (in selected countries), and online payment systems (Sofort, iDeal, Przelewy24). The processing time for deposits is instant or up to one business day depending on the method. The processing time for withdrawals is up to one business day for e-wallets and up to three business days for other methods.
FxPrimus vs Fortrade Trading Platforms Comparison
FxPrimus offers two trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). MT4 is a popular and user-friendly platform that supports multiple order types, charting tools, indicators, and automated trading. MT5 is an advanced and powerful platform that offers more features such as depth of market, economic calendar, and more instruments. Both platforms are available as desktop, web, and mobile versions.
Fortrade offers three trading platforms: Fortrader, MetaTrader 4 (MT4), and Mobile Fortrader. Fortrader is a proprietary and intuitive platform that allows traders to access over 300 instruments, view live prices, execute orders, and manage their accounts. MT4 is a popular and user-friendly platform that supports multiple order types, charting tools, indicators, and automated trading. Mobile Fortrader is a mobile app that enables traders to trade on the go with their Android or iOS devices. All platforms are available as web and mobile versions.
FxPrimus vs Fortrade Analytical Tools Comparison
FxPrimus provides various analytical tools to help traders make informed decisions, such as market news, economic calendar, trading signals, technical analysis, webinars, and educational videos. It also offers a free VPS service for its VIP account holders to enhance their trading performance.
Fortrade provides various analytical tools to help traders make informed decisions, such as market news, economic calendar, trading signals, technical analysis, webinars, and educational videos. It also offers a free demo account for its clients to practice their trading skills with virtual money.
FxPrimus vs Fortrade. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that depends on your personal preferences, trading goals, and risk appetite. There is no definitive answer to which broker is better, as each one has its own advantages and disadvantages. Ultimately, the best forex broker for you is the one that meets your expectations and suits your trading profile.
