Compare IFC Markets vs FxPrimus
What is IFC Markets? What is FxPrimus?
IFC Markets is a leading global provider of Forex and CFD trading allowing to trade currencies, CFDs on stocks, cryptos and much more with low fixed spreads. It is an International Investment Firm incorporated in the British Virgin Islands with Company Number 14595 and regulated by the BVI Financial Services Commission.
FxPrimus is an International Investment Firm incorporated in the Republic of Vanuatu with Company Number 14595 and regulated by the Vanuatu Securities and Exchange Commission. It offers online trading of Forex, Equities, Indices, Precious Metals and more with industry-leading spreads.
IFC Markets vs FxPrimus Regulation Comparison
Both brokers are regulated by offshore authorities in Vanuatu and the British Virgin Islands, which are not considered to be very strict or reputable compared to other regulators such as the FCA, ASIC or CySEC. However, both brokers claim to adhere to high standards of security, transparency and customer protection.
IFC Markets is also a member of The Financial Commission, an independent external dispute resolution organization that provides traders with protection up to €20,000 per case.
FxPrimus is also audited by BDO, an international network of public accounting firms, and has partnered with BitPay, a leading provider of Bitcoin and cryptocurrency payment services.
IFC Markets vs FxPrimus Trading Assets Comparison
IFC Markets offers over 650 trading instruments, including Forex, Metals, Indices, Stocks, Commodities, ETFs and Cryptocurrencies. It also allows traders to create their own synthetic instruments through its unique Portfolio Quoting Method (PQM).
FxPrimus offers over 130 trading instruments, including Forex, Metals, Energies, Equities and Indices. It does not offer Cryptocurrencies or ETFs.
IFC Markets vs FxPrimus Trading Fees Comparison
IFC Markets charges fixed spreads from 0.4 pips on its Standard accounts and floating spreads from 0 pips on its NetTradeX accounts. It also charges commissions from $1.8 per lot on its NetTradeX accounts. It does not charge any deposit or withdrawal fees.
FxPrimus charges variable spreads from 0.1 pips on its ECN Premium accounts and fixed spreads from 1.6 pips on its Variable accounts. It also charges commissions from $10 per lot on its ECN Premium accounts. It charges some deposit and withdrawal fees depending on the payment method.
IFC Markets vs FxPrimus Account Types Comparison
IFC Markets offers two types of accounts: Standard and NetTradeX. The Standard account has a minimum deposit of $100 and supports MT4 platform. The NetTradeX account has a minimum deposit of $1000 and supports NetTradeX platform.
FxPrimus offers three types of accounts: Variable, ECN Premium and VIP. The Variable account has a minimum deposit of $1000 and supports MT4 platform. The ECN Premium account has a minimum deposit of $500 and supports MT4 platform. The VIP account has a minimum deposit of $10,000 and supports MT4 platform.
IFC Markets vs FxPrimus Deposit Options Comparison
IFC Markets supports various deposit and withdrawal options, such as bank wire transfer, credit/debit cards, Skrill, Neteller, WebMoney, Perfect Money, QIWI Wallet and more. It does not charge any fees for deposits or withdrawals. The processing time varies depending on the method.
FxPrimus supports various deposit and withdrawal options, such as bank wire transfer, credit/debit cards, Skrill, Neteller, BitPay and more. It charges some fees for deposits or withdrawals depending on the method. The processing time varies depending on the method.
IFC Markets vs FxPrimus Trading Platforms Comparison
IFC Markets supports two trading platforms: MetaTrader 4 (MT4) and NetTradeX. MT4 is a popular and user-friendly platform that offers advanced charting tools, indicators, expert advisors and automated trading. NetTradeX is a proprietary platform that offers unique features such as Portfolio Quoting Method (PQM), GeWorko Method, advanced order types and more.
FxPrimus supports one trading platform: MetaTrader 4 (MT4). MT4 is a popular and user-friendly platform that offers advanced charting tools, indicators, expert advisors and automated trading.
IFC Markets vs FxPrimus Analytical Tools Comparison
IFC Markets provides various analytical tools, such as economic calendar, market overview, trading signals, technical analysis, market sentiment, news and more. It also offers educational resources, such as articles, videos, webinars, e-books and more.
FxPrimus provides various analytical tools, such as economic calendar, market news, trading signals, technical analysis, webinars and more. It also offers educational resources, such as articles, videos, e-books and more.
IFC Markets vs FxPrimus. 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. It depends on your personal preferences, trading style, goals and risk appetite. However, you can consider some of the following factors:
- If you are looking for a wider range of trading instruments, especially Cryptocurrencies and ETFs, you may prefer IFC Markets over FxPrimus.
- If you are looking for lower spreads and commissions, especially on ECN accounts, you may prefer FxPrimus over IFC Markets.
- If you are looking for a unique and innovative trading platform that allows you to create your own synthetic instruments, you may prefer IFC Markets over FxPrimus.
- If you are looking for a simple and reliable trading platform that is widely used and supported by many traders, you may prefer FxPrimus over IFC Markets.
- If you are looking for a broker that does not charge any deposit or withdrawal fees, you may prefer IFC Markets over FxPrimus.
- If you are looking for a broker that accepts Bitcoin and other cryptocurrencies as payment methods, you may prefer FxPrimus over IFC Markets.
Ultimately, the best way to decide which broker suits you best is to try them out yourself. You can open a demo account with both brokers and test their platforms, services and features before making a final decision. You can also read online reviews and feedback from other traders who have experience with both brokers.
