Compare FxPrimus vs FXGiants
What is FxPrimus? What is FXGiants?
FxPrimus is a global forex broker that provides a secure trading environment and a range of trading instruments, including forex, commodities, indices, metals, and cryptocurrencies. FxPrimus was founded in 2009 and is regulated by CySEC, FSCA, and VFSC.
FXGiants is an international forex broker that offers access to over 200 trading instruments, including forex, futures, spot indices, spot metals, spot commodities, and shares . FXGiants was established in 2015 and is regulated by FCA, ASIC, and CySEC.
FxPrimus vs FXGiants Regulation Comparison
Both FxPrimus and FXGiants are regulated by CySEC, the Cyprus Securities and Exchange Commission, which is a reputable regulatory authority in the European Union. This means that both brokers have to comply with strict rules regarding client funds protection, transparency, and fair trading practices.
However, FXGiants has an advantage over FxPrimus in terms of regulation, as it also holds licenses from FCA, the Financial Conduct Authority in the UK, and ASIC, the Australian Securities and Investments Commission. These are two of the most respected regulators in the world, which impose high standards of financial stability, security, and customer service on the brokers they oversee.
FxPrimus vs FXGiants Trading Assets Comparison
Both FxPrimus and FXGiants offer a wide range of trading assets for their clients to choose from. However, FXGiants has a slight edge over FxPrimus in terms of diversity and quantity of trading instruments.
FxPrimus offers 120+ trading instruments across five categories: forex (47 pairs), commodities (10), indices (13), metals (4), and cryptocurrencies (5). FxPrimus also offers CFDs on some of these instruments.
FXGiants offers 200+ trading instruments across six categories: forex (50+ pairs), futures (6), spot indices (26), spot metals (7), spot commodities (18), and shares (120+) . FXGiants also offers CFDs on all of these instruments.
FxPrimus vs FXGiants Trading Fees Comparison
Both FxPrimus and FXGiants charge competitive fees for their trading services. However, the exact amount of fees depends on the type of account, the trading instrument, and the market conditions.
FxPrimus offers three types of accounts: Standard (minimum deposit $1000), Premium (minimum deposit $2500), and VIP (minimum deposit $10,000). The main difference between these accounts is the spread, which is the difference between the bid and ask prices of a trading instrument. The Standard account has variable spreads starting from 1.6 pips on major forex pairs. The Premium account has variable spreads starting from 0.9 pips on major forex pairs. The VIP account has variable spreads starting from 0.4 pips on major forex pairs. All accounts have no commission fees.
FXGiants offers four types of accounts: Live Floating Spread (minimum deposit $100), Live Fixed Spread (minimum deposit $500), Live Zero Fixed Spread (minimum deposit $500), and STP/ECN No Commission (minimum deposit $500) . The main difference between these accounts is the spread and the commission fees. The Live Floating Spread account has variable spreads starting from 1.1 pips on major forex pairs and no commission fees. The Live Fixed Spread account has fixed spreads starting from 1.8 pips on major forex pairs and no commission fees. The Live Zero Fixed Spread account has fixed spreads starting from 0 pips on major forex pairs and a commission fee of $18 per lot round turn. The STP/ECN No Commission account has variable spreads starting from 0.7 pips on major forex pairs and no commission fees.
FxPrimus vs FXGiants Account Types Comparison
Both FxPrimus and FXGiants offer different types of accounts for their clients. FxPrimus offers three types of accounts: Standard, Premium ,VIP. FXGiants offers four types of accounts: Live Floating Spread, Live Fixed Spread , Live Zero Fixed Spread ,STP/ECN No Commission . However, there are some other features and benefits that distinguish these accounts from each other.
FxPrimus offers some additional perks for its Premium and VIP account holders, such as free VPS (Virtual Private Server) service, SMS notifications, one-to-one consultations, and access to premium educational resources. FxPrimus also offers a 100% bonus on deposits up to $10,000 for all account types.
FXGiants offers some additional perks for its STP/ECN No Commission account holders, such as access to market depth information, faster execution speed, and lower slippage . FXGiants also offers various promotions and bonuses for all account types, such as a 100% bonus on deposits up to $2000, a 20% bonus on deposits up to $5000, a 40% bonus on deposits up to $10,000, and a 60% bonus on deposits up to $20,000.
FxPrimus vs FXGiants Deposit Options Comparison
FxPrimus accepts deposits and withdrawals via bank wire transfer, credit/debit cards (Visa, Mastercard), e-wallets (Skrill, Neteller), and cryptocurrencies (Bitcoin). FxPrimus does not charge any fees for deposits or withdrawals. However, some third-party providers may charge fees or commissions. The processing time for deposits is usually instant or within a few hours. The processing time for withdrawals is usually within one business day.
FXGiants accepts deposits and withdrawals via bank wire transfer, credit/debit cards (Visa, Mastercard), e-wallets (Skrill, Neteller), prepaid cards (SafeCharge), and local bank transfers . FXGiants does not charge any fees for deposits or withdrawals. However, some third-party providers may charge fees or commissions. The processing time for deposits is usually instant or within a few hours. The processing time for withdrawals is usually within one business day.
FxPrimus vs FXGiants Trading Platforms Comparison
Both FxPrimus and FXGiants use the MetaTrader 4 (MT4) platform as their main trading platform . MT4 is one of the most popular and widely used trading platforms in the world. It offers advanced charting tools, technical indicators, automated trading systems (Expert Advisors), market news, and customizable features.
However, FXGiants also offers the MetaTrader 5 (MT5) platform as an alternative option . MT5 is the newer version of MT4 that has some additional features and improvements, such as more timeframes, more order types, more technical indicators, more analytical tools, economic calendar integration, and multi-asset trading support.
FxPrimus vs FXGiants Analytical Tools Comparison
Here is a list of some of the main differences between FxPrimus and FXGiants in terms of analytical tools and resources:
- FXGiants offers the MetaTrader 5 (MT5) platform as an alternative option to the MetaTrader 4 (MT4) platform, while FxPrimus only offers the MT4 platform. MT5 is the newer version of MT4 that has some additional features and improvements, such as more timeframes, more order types, more technical indicators, more analytical tools, economic calendar integration, and multi-asset trading support.
- FXGiants offers a Trading Signals service, which is a tool that provides real-time trading signals from professional traders and analysts. These signals can help traders with market entry and exit points, risk management, and trading strategies. FxPrimus does not offer a similar service.
- FxPrimus offers a Trading Tools Suite, which is a collection of advanced tools that can help traders with market analysis, risk management, trade execution, and education. The Trading Tools Suite includes Autochartist, FXPRIMUS VPS, FXPRIMUS Platinum API, Economic Calendar, and Calculators. FXGiants does not offer a comparable suite of tools.
- FxPrimus offers some additional perks for its Premium and VIP account holders, such as free VPS service, SMS notifications, one-to-one consultations, and access to premium educational resources. FXGiants does not offer these perks for any of its account types.
- Both brokers offer various educational resources for their clients, such as weekly outlooks, expert guests, live webinars, seminars, educational videos, and blog articles. However, FXGiants seems to offer more frequent and diverse educational content than FxPrimus on average. For example, FXGiants offers daily market analysis videos and articles, while FxPrimus offers weekly market analysis videos and articles.
FxPrimus vs FXGiants. Which forex broker is better? Which forex broker should you choose?
FxPrimus and FXGiants are both reputable and regulated forex brokers that offer a variety of trading services and features. However, there are some differences between them that may affect your trading experience and preferences. Ultimately, the best way to decide which broker is more suitable for you is to test them out by opening a demo account or a real account with a small deposit and testing their service and performance. You can also read online reviews and feedback from other traders who have used these brokers before.
