Compare FxPrimus vs Orbex
What is FxPrimus? What is Orbex?
FxPrimus is a forex broker that was founded in 2009 and is regulated by CySEC, FSCA, and VFSC. It offers over 120 trading instruments, including forex, metals, indices, commodities, energies, and cryptocurrencies. It also provides various educational resources, market analysis, and trading tools for its clients.
Orbex is a forex broker that was established in 2010 and is regulated by CySEC, FCA, and FSC Mauritius. It offers over 50 trading instruments, including forex, metals, indices, commodities, and energies. It also provides various educational resources, market analysis, and trading tools for its clients.
FxPrimus vs Orbex Regulation Comparison
Both FxPrimus and Orbex are regulated by CySEC, the Cyprus Securities and Exchange Commission, which is a reputable regulatory authority in the European Union. This means that they have to comply with strict rules and standards regarding client protection, fund segregation, risk management, and transparency.
FxPrimus also holds licenses from FSCA (Financial Sector Conduct Authority) in South Africa and VFSC (Vanuatu Financial Services Commission) in Vanuatu. These are less reputable regulators than CySEC, but they still provide some level of oversight and security for traders.
Orbex also holds licenses from FCA (Financial Conduct Authority) in the United Kingdom and FSC (Financial Services Commission) in Mauritius. These are more reputable regulators than VFSC and FSCA, but they have different rules and requirements for brokers than CySEC.
FxPrimus vs Orbex Trading Assets Comparison
FxPrimus offers a wider range of trading assets than Orbex, with over 120 instruments versus over 50 instruments. FxPrimus has more options for forex pairs, metals, indices, commodities, energies, and cryptocurrencies than Orbex.
Orbex focuses mainly on forex pairs, metals, indices, commodities, and energies. It does not offer any cryptocurrencies or exotic instruments like FxPrimus does.
FxPrimus vs Orbex Trading Fees Comparison
Both FxPrimus and Orbex charge variable spreads on their trading instruments, which depend on the market conditions and the account type of the trader. They do not charge any commissions on their standard accounts, but they do charge commissions on their ECN accounts.
FxPrimus has three account types: Standard Account (minimum deposit $100), Premium Account (minimum deposit $500), and VIP Account (minimum deposit $10,000). The spreads on the Standard Account start from 1.6 pips on EUR/USD, while the spreads on the Premium Account start from 0.9 pips on EUR/USD. The VIP Account has the same spreads as the Premium Account, but it also offers lower commissions on ECN trading ($5 per lot versus $10 per lot).
Orbex has four account types: Standard Account (minimum deposit $200), Premium Account (minimum deposit $5,000), Ultimate Account (minimum deposit $25,000), and Copy Trading Account (minimum deposit $500). The spreads on the Standard Account start from 1.5 pips on EUR/USD, while the spreads on the Premium Account start from 0.8 pips on EUR/USD. The Ultimate Account has the same spreads as the Premium Account, but it also offers lower commissions on ECN trading ($6 per lot versus $8 per lot). The Copy Trading Account allows traders to copy the trades of other successful traders for a performance fee.
FxPrimus vs Orbex Account Types Comparison
Both FxPrimus and Orbex have different account types that cater to different levels of traders and their preferences. They both offer standard accounts with no commissions and ECN accounts with commissions for lower spreads.
FxPrimus has a lower minimum deposit requirement than Orbex for its standard account ($100 versus $200). However, Orbex has a lower minimum deposit requirement than FxPrimus for its premium account ($5,000 versus $10,000).
FxPrimus offers a VIP account for high-volume traders, while Orbex offers an Ultimate account for the same purpose. Both accounts have lower commissions and better trading conditions than the other accounts.
Orbex also offers a Copy Trading account, which FxPrimus does not. This account allows traders to follow and copy the trades of other successful traders for a performance fee.
FxPrimus vs Orbex Deposit Options Comparison
Both FxPrimus and Orbex offer a variety of deposit and withdrawal options for their clients, including bank wire transfer, credit/debit cards, e-wallets, and local payment methods. They both support popular e-wallets like Skrill, Neteller, and FasaPay.
FxPrimus has more local payment options than Orbex, such as BitPay, GlobePay, NganLuong, PayTrust88, and ZotaPay. Orbex has fewer local payment options, such as KNET and HesapKurdu.
Both FxPrimus and Orbex do not charge any fees for deposits or withdrawals, except for bank wire transfers, which may incur fees from the banks involved. They both process withdrawal requests within one business day.
FxPrimus vs Orbex Trading Platforms Comparison
Both FxPrimus and Orbex use the MetaTrader 4 (MT4) platform as their main trading platform. MT4 is a popular and user-friendly platform that offers advanced charting tools, technical indicators, automated trading, and customization options.
FxPrimus also offers the MetaTrader 5 (MT5) platform as an alternative option for its clients. MT5 is an upgraded version of MT4 that offers more features and functionalities, such as more timeframes, more order types, more indicators, more instruments, and more analytical tools.
Both FxPrimus and Orbex provide mobile versions of their platforms for iOS and Android devices. They also provide web versions of their platforms that can be accessed from any browser without downloading or installing anything.
FxPrimus vs Orbex Analytical Tools Comparison
Both FxPrimus and Orbex provide various analytical tools and resources for their clients to enhance their trading experience and performance. They both offer educational materials, market analysis, trading signals, economic calendars, and webinars.
FxPrimus has more analytical tools than Orbex, such as Autochartist (a tool that scans the market for trading opportunities based on technical patterns), VPS (a service that allows traders to run their automated trading strategies on a remote server), PAMM (a service that allows traders to invest in the strategies of other traders), and Primus Academy (a platform that offers courses and videos on various trading topics).
Orbex has fewer analytical tools than FxPrimus, but it still offers some useful features, such as Trading Central (a tool that provides technical analysis and trading signals from experts), Orbex TradeLab (a platform that allows traders to share and follow trading ideas from other traders), and Orbex Strategizer (a tool that allows traders to create and test their own automated trading strategies).
FxPrimus vs Orbex. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on your personal preferences, trading style, goals and risk appetite. Different brokers may suit different traders better. Therefore, you can research and compare the features, benefits and disadvantages of each broker before making a decision. You can also try their demo account to test their platform and services without risking real money. Ultimately, you should choose the broker that best meets your needs and expectations.
