Compare FxPrimus vs WorldForex
What is FxPrimus? What is WorldForex?
FxPrimus is a forex 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, energies, equities, and indices. It also provides social trading, automated trading, and educational resources for its clients.
World Forex is a forex broker that was founded in 2007 and is registered in Saint Vincent and the Grenadines. It offers over 200 trading instruments, including forex, CFDs, indices, commodities, and binary options. It also provides bonuses, cashback, contests, and free education for its clients.
FxPrimus vs WorldForex Regulation Comparison
FxPrimus has a higher trust score than World Forex, as it is regulated by two reputable authorities: CySEC in Cyprus and VFSC in Vanuatu. CySEC is a member of the European Union’s MiFID, which provides a harmonized regulatory framework for financial services across the EU. VFSC is a financial regulator that oversees the activities of international business companies in Vanuatu.
World Forex is registered in Saint Vincent and the Grenadines, which is an offshore jurisdiction that does not have a strong regulatory oversight or protection for investors. World Forex is not regulated by any major financial authority and does not provide any information about its license or registration number on its website.
FxPrimus vs WorldForex Trading Assets Comparison
FxPrimus offers a wider range of trading assets than World Forex, as it has more forex pairs, equities, and indices available for trading. FxPrimus has 70 forex pairs, while World Forex has only 40. FxPrimus also has 1200+ stocks and 26 indices, while World Forex has only 50 stocks and 10 indices.
World Forex has some trading assets that FxPrimus does not offer, such as binary options, ETFs, shares, physical stock, and agriculture. However, these assets may have higher risks and lower liquidity than the ones offered by FxPrimus.
FxPrimus vs WorldForex Trading Fees Comparison
FxPrimus has lower trading fees than World Forex, as it has lower spreads and commissions for most of its trading instruments. FxPrimus offers fixed spreads for forex trading, which range from 0.1 to 1.5 pips depending on the account type. World Forex offers variable spreads for forex trading, which can fluctuate from 0 to 3 pips depending on the market conditions.
FxPrimus also has lower commissions than World Forex for CFD trading. FxPrimus charges $5 per lot for CFD trading on its ECN account, while World Forex charges $10 per lot for CFD trading on its Pro account.
FxPrimus vs WorldForex Account Types Comparison
FxPrimus offers three types of accounts for its clients: Standard, Premium, and VIP. The minimum deposit for each account is $15, $2,500, and $10,000 respectively. The main differences between the accounts are the spreads, leverage, minimum trade size, and access to additional services such as VPS and personal account manager.
World Forex offers four types of accounts for its clients: Micro, Mini, Standard, and Pro. The minimum deposit for each account is $1, $100, $500, and $5,000 respectively. The main differences between the accounts are the spreads, commissions, leverage, minimum trade size, and access to additional services such as bonuses and cashback.
FxPrimus vs WorldForex Deposit Options Comparison
FxPrimus has more deposit and withdrawal options than World Forex, as it supports more payment methods and currencies. FxPrimus accepts deposits and withdrawals via Skrill, Wire transfer, Credit / debit cards, Neteller, UnionPay, FasaPay, and Crypto. It also supports 10 base currencies for its accounts: USD, EUR, GBP, AUD, SGD, PLN, HUF, ZAR, RUB, and BTC.
World Forex accepts deposits and withdrawals via Crypto, Credit/debit cards, Ethereum, FasaPay, Litecoin, Neteller, Perfect Money, Ripple, Skrill, WebMoney, and Wire transfer. It only supports one base currency for its accounts: USD.
FxPrimus vs WorldForex Trading Platforms Comparison
FxPrimus and World Forex both use MetaTrader 4 and MetaTrader 5 as their main trading platforms. These platforms are widely used and trusted by traders around the world, as they offer advanced features for technical analysis, automated trading, and strategy testing. They also have mobile and web versions for convenient access.
FxPrimus also offers cTrader, which is another popular trading platform that has a user-friendly interface, fast execution, and transparent pricing. cTrader is suitable for traders who prefer ECN trading and scalping strategies.
World Forex also offers World Forex Trade Station, which is a proprietary trading platform that has a simple interface, easy navigation, and various trading tools. World Forex Trade Station is suitable for traders who prefer binary options and digital contracts.
FxPrimus vs WorldForex Analytical Tools Comparison
FxPrimus and World Forex both provide analytical tools for their clients, such as market news, economic calendar, trading signals, and webinars. These tools can help traders stay updated with the latest market trends, events, and opportunities.
FxPrimus has more analytical tools than World Forex, as it also offers technical analysis, fundamental analysis, market outlook, trading calculators, and educational resources. These tools can help traders improve their trading skills, knowledge, and strategies.
World Forex has some analytical tools that FxPrimus does not offer, such as social trading and copy trading. These tools can help traders follow and copy the trades of other successful traders.
FxPrimus vs WorldForex. Which forex broker is better? Which forex broker should you choose?
Probably, FxPrimus is a better forex broker than World Forex for most traders. Here are some reasons why:
- FxPrimus has a higher trust score, as it is regulated by two reputable authorities, while World Forex is registered in an offshore jurisdiction that does not have a strong regulatory oversight or protection for investors.
- FxPrimus offers a wider range of trading assets, as it has more forex pairs, equities, and indices available for trading. It also does not offer binary options, which are considered risky and speculative by many traders.
- FxPrimus has lower trading fees, as it has lower spreads and commissions for most of its trading instruments. It also offers fixed spreads for forex trading, which can provide more stability and transparency for traders.
- FxPrimus offers three types of accounts that cater to different levels of traders, from beginners to professionals. It also supports 10 base currencies for its accounts, which can provide more flexibility and convenience for traders.
- FxPrimus offers cTrader, which is another popular trading platform that has a user-friendly interface, fast execution, and transparent pricing. It also offers more analytical tools than World Forex, such as technical analysis, fundamental analysis, market outlook, trading calculators, and educational resources.
Of course, the choice of a forex broker depends on your personal preferences, goals, and strategies. You should consider your own trading style, risk appetite, budget, and experience before making a decision. You should also do your own research and compare different brokers based on their features, services, reviews, and ratings.
