Compare FxPrimus vs FXOpen
What is FxPrimus? What is FXOpen?
FxPrimus is a forex broker that was founded in 2009 and is regulated by the Vanuatu Securities and Exchange Commission (VSEC) . It offers trading on forex, metals, energies, indices, equities, and cryptocurrencies via MT4, MT5, and cTrader platforms .
FXOpen is a forex broker that was founded in 2003 and is regulated by the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), and the Financial Markets Authority (FMA) in New Zealand . It offers trading on forex, metals, energies, indices, equities, and cryptocurrencies via MT4, MT5, and TickTrader platforms .
FxPrimus vs FXOpen Regulation Comparison
FxPrimus has one tier-1 license from the VSEC, which is considered a low-risk regulator . It also has one tier-4 license from the Cyprus Securities and Exchange Commission (CySEC), which is considered a medium-risk regulator . FxPrimus does not have any tier-2 or tier-3 licenses, which are considered high-risk regulators .
FXOpen has three tier-1 licenses from the FCA, ASIC, and FMA, which are considered high-risk regulators . It does not have any tier-2, tier-3, or tier-4 licenses, which are considered low-risk or medium-risk regulators .
FxPrimus vs FXOpen Trading Assets Comparison
FxPrimus offers 140 tradable symbols, including 42 forex pairs, 25+ cryptocurrency CFDs, and various CFDs on metals, energies, indices, and equities .
FXOpen offers 87 tradable symbols, including 25 forex pairs, 43 cryptocurrency CFDs (only available for professional clients), and various CFDs on metals, energies, indices, and equities .
FxPrimus vs FXOpen Trading Fees Comparison
FxPrimus charges variable spreads and commissions depending on the account type and platform chosen. The average spread for EUR/USD on its standard account is 1.6 pips with no commission. The average spread for EUR/USD on its ECN account is 0.4 pips with a commission of $10 per lot round turn.
FXOpen charges variable spreads and commissions depending on the account type and platform chosen. The average spread for EUR/USD on its standard account is 1.5 pips with no commission . The average spread for EUR/USD on its ECN account is 0.1 pips with a commission of $1.5 per lot round turn .
FxPrimus vs FXOpen Account Types Comparison
FxPrimus offers four account types: standard, premium ECN, VIP ECN, and variable spread. The minimum deposit for all accounts is $100 . The standard account has no commission but higher spreads. The premium ECN and VIP ECN accounts have lower spreads but higher commissions. The variable spread account has floating spreads that depend on market conditions .
FXOpen offers five account types: micro cent, standard STP/ECN crypto*, ECN ticktrader*, pro ECN MT4/MT5*, and PAMM*. The minimum deposit for the micro cent account is $1. The minimum deposit for the other accounts ranges from $100 to $10,000 . The micro cent account has no commission but higher spreads. The other accounts have lower spreads but higher commissions. The PAMM account is for investors who want to copy the trades of professional traders .
FxPrimus vs FXOpen Deposit Options Comparison
FxPrimus accepts deposits and withdrawals via bank wire transfer, credit/debit cards (Visa/Mastercard), e-wallets (Skrill/Neteller), cryptocurrencies (Bitcoin/Ethereum), and local payment methods (depending on the country) . FxPrimus does not charge any fees for deposits or withdrawals, but third-party fees may apply .
FXOpen accepts deposits and withdrawals via bank wire transfer, credit/debit cards (Visa/Mastercard), e-wallets (Skrill/Neteller/WebMoney), cryptocurrencies (Bitcoin/Ethereum/Litecoin/Tether), and local payment methods (depending on the country) . FXOpen does not charge any fees for deposits, but charges fees for withdrawals depending on the method used .
FxPrimus vs FXOpen Trading Platforms Comparison
FxPrimus offers three trading platforms: MT4, MT5, and cTrader. MT4 and MT5 are the most popular platforms for forex trading, offering advanced charting, technical analysis, automated trading, and custom indicators. cTrader is a web-based platform that offers fast execution, level II pricing, and full market depth .
FXOpen offers three trading platforms: MT4, MT5, and TickTrader. MT4 and MT5 are the same as FxPrimus’s platforms. TickTrader is a proprietary platform that offers access to forex, stocks, and crypto markets, as well as social trading, copy trading, and automated trading .
FxPrimus vs FXOpen Analytical Tools Comparison
FxPrimus provides various analytical tools for its clients, such as economic calendar, market news, market outlook, trading signals, webinars, and educational videos . FxPrimus also offers a risk management tool called PAMM Plus, which allows traders to allocate their funds to different strategies and monitor their performance .
FXOpen provides some analytical tools for its clients, such as economic calendar, market news, technical analysis, and trading calculators . FXOpen also offers a social trading tool called ZuluTrade, which allows traders to copy the trades of other successful traders .
FxPrimus vs FXOpen. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better or which one you should choose, as it depends on your personal preferences, trading style, and risk appetite. However, you can consider some of the following factors:
- Regulation: FXOpen has more reputable and trustworthy regulators than FxPrimus, which may give you more confidence and protection when trading with them. However, FxPrimus also claims to have a high level of security and transparency, as well as a segregated client fund policy .
- Trading Assets: FxPrimus has more tradable symbols than FXOpen, which may give you more opportunities and diversification in the market. However, FXOpen has more cryptocurrency CFDs than FxPrimus, which may appeal to you if you are interested in trading digital assets.
- Trading Fees: FXOpen has lower spreads and commissions than FxPrimus, which may save you some costs and increase your profitability. However, FxPrimus does not charge any fees for deposits or withdrawals, which may be convenient and beneficial for you.
- Account Types: FxPrimus and FXOpen have different account types that cater to different types of traders. You may want to compare the features and requirements of each account type and see which one suits your needs and preferences best.
- Trading Platforms: FxPrimus and FXOpen both offer MT4 and MT5 platforms, which are widely used and popular among forex traders. They also offer other platforms that have their own advantages and disadvantages. You may want to test them out with a demo account before deciding which one to use.
- Analytical Tools: FxPrimus and FXOpen both provide some analytical tools that can help you with your trading decisions and strategies. They also offer some social trading and risk management tools that can enhance your trading experience and performance.
Ultimately, the choice is yours. You may want to do more research on both brokers and read some reviews from other traders who have used them. You may also want to open a demo account with both brokers and try them out for yourself.
