Compare FxPrimus vs Markets.com
What is FxPrimus? What is Markets.com?
FxPrimus is a forex and CFD broker that was founded in 2009 and is regulated by CySEC in Cyprus and VFSC in Vanuatu. It offers over 140 trading instruments, including forex, metals, indices, commodities, energies, and cryptocurrencies. FxPrimus claims to provide a safe and secure trading environment with segregated accounts, negative balance protection, and insurance coverage.
Markets.com is a multi-asset broker that was founded in 1999 and is regulated by ASIC in Australia, CySEC in Cyprus, and FSCA in South Africa. It offers over 2179 trading instruments, including forex, stocks, indices, commodities, ETFs, bonds, blends, and cryptocurrencies. Markets.com provides traders with advanced trading platforms, research tools, educational resources, and social trading features.
FxPrimus vs Markets.com Regulation Comparison
Both brokers are regulated by CySEC in Cyprus, which means they have to comply with the EU’s MiFID II directive and offer investor compensation schemes and dispute resolution services to their clients.
However, Markets.com has more global Tier-1 licenses than FxPrimus, as it is also authorized by ASIC in Australia, which is one of the most reputable regulators in the world. FxPrimus has a low-trust license from VFSC in Vanuatu, which is a less stringent regulator that does not impose strict rules on brokers. Therefore, Markets.com has a higher trust score than FxPrimus in terms of regulation.
FxPrimus vs Markets.com Trading Assets Comparison
Markets.com has a much wider range of trading assets than FxPrimus, as it offers 2179 instruments compared to FxPrimus’s 140 instruments . Markets.com has more forex pairs (57 vs 42), more stocks (2000+ vs 0), more indices (40+ vs 10), more commodities (25+ vs 7), more ETFs (60+ vs 0), more bonds (5 vs 0), and more blends (12 vs 0) than FxPrimus . The only asset class where FxPrimus has more options than Markets.com is cryptocurrencies (5 vs 4) . Therefore, Markets.com offers more diversity and flexibility to traders who want to trade different markets.
FxPrimus vs Markets.com Trading Fees Comparison
The trading fees of both brokers depend on the account type, the instrument, and the trading volume of the trader. FxPrimus offers three account types: Standard, Premium, and VIP. The Standard account has no commission but higher spreads, while the Premium and VIP accounts have lower spreads but charge a commission of $10 per lot round turn. The average spread for EUR/USD on the Standard account is 1.6 pips.
Markets.com offers two account types: Retail and Professional. The Retail account has no commission but higher spreads, while the Professional account has lower spreads but charges a commission of $10 per lot round turn. The average spread for EUR/USD on the Retail account is 1.9 pips. Therefore, the trading fees of both brokers are similar for most instruments, except for some forex pairs where FxPrimus has slightly lower spreads than Markets.com.
FxPrimus vs Markets.com Account Types Comparison
Both brokers offer different account types based on the trading preferences and experience of the trader. FxPrimus has three account types: Standard, Premium, and VIP. The minimum deposit for the Standard account is $1000, for the Premium account is $2500, and for the VIP account is $10,000. The leverage for all accounts is up to 1:30 for retail clients and up to 1:200 for professional clients. The minimum trade size for all accounts is 0.01 lot.
Markets.com has two account types: Retail and Professional. The minimum deposit for both accounts is $100. The leverage for the Retail account is up to 1:30 for forex and up to 1:20 for other instruments. The leverage for the Professional account is up to 1:300 for forex and up to 1:200 for other instruments. The minimum trade size for both accounts is 0.01 lot. Therefore, Markets.com has lower minimum deposit requirements and higher leverage options than FxPrimus, but FxPrimus has more account types to choose from.
FxPrimus vs Markets.com Deposit Options Comparison
Both brokers offer a variety of deposit and withdrawal methods, including credit/debit cards, bank wire transfers, e-wallets, and local payment methods . However, Markets.com has more options than FxPrimus, as it supports PayPal, Skrill, Neteller, WebMoney, Fast Bank Transfer, Sofort, iDeal, and Giropay, while FxPrimus only supports Skrill, Neteller, BitPay, and FasaPay.
Both brokers do not charge any fees for deposits or withdrawals, except for bank wire transfers where the banks may impose some charges . The processing time for deposits is instant for most methods, except for bank wire transfers which may take up to 5 business days . The processing time for withdrawals is up to 24 hours for e-wallets and up to 5 business days for other methods .
FxPrimus vs Markets.com Trading Platforms Comparison
Both brokers offer the popular MetaTrader 4 (MT4) platform as their main trading platform . MT4 is a widely used platform that has advanced charting tools, technical indicators, automated trading systems, and a user-friendly interface. However, Markets.com also offers its own proprietary platform called Marketsx, which is a web-based platform that has more features than MT4, such as customisable dashboards, sentiment tools, trading signals, market news, and economic calendar.
Markets.com also offers another platform called Marketsi, which is a platform dedicated to stock trading that has portfolio management tools, stock analysis tools, and stock screeners. Therefore, Markets.com has more trading platforms than FxPrimus and provides more options to traders who want to use different platforms for different purposes.
FxPrimus vs Markets.com Analytical Tools Comparison
Both brokers provide various analytical tools to help traders make informed trading decisions. FxPrimus offers daily market analysis, economic calendar, trading signals, webinars, and educational videos on its website. It also provides a free VPS service to its clients who deposit at least $500 and trade at least 5 lots per month. A VPS is a virtual private server that allows traders to run their automated trading systems without interruption or latency.
Markets.com offers daily market analysis, economic calendar, trading signals, webinars, and educational videos on its website as well. It also provides a range of sentiment tools on its Marketsx platform, such as analysts’ recommendations, hedge fund confidence, insider trades, bloggers’ opinions, trends in trading activity, and traders’ trends. These tools help traders gauge the market sentiment and identify potential trading opportunities. Therefore, both brokers have similar analytical tools on their websites, but Markets.com has more sentiment tools on its platform than FxPrimus.
FxPrimus vs Markets.com. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on many factors, such as your trading style, goals, preferences, risk appetite, experience, etc. What may be better for one trader may not be suitable for another. Therefore, you should compare brokers based on your own criteria and decide which broker meets your needs and expectations better. You can use the information I provided in the previous message as a starting point, but you should also check the broker’s websites and reviews for more details and feedback. Ultimately, the best forex broker for you is the one you feel comfortable with and trust.
