Compare NordFX vs FxPrimus
What is NordFX? What is FxPrimus?
NordFX is an online forex broker that was established in 2008 and is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Vanuatu Financial Services Commission (VFSC). NordFX offers trading in various currency pairs, metals, cryptocurrencies, indices, and stocks on the MetaTrader 4 and MetaTrader 5 platforms.
FxPrimus is an online forex broker that was founded in 2009 and is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Vanuatu Financial Services Commission (VFSC), and the Financial Sector Conduct Authority (FSCA) of South Africa. FxPrimus offers trading in over 120 instruments, including forex, metals, energies, indices, cryptocurrencies, and stocks on the MetaTrader 4 platform.
NordFX vs FxPrimus Regulation Comparison
Both NordFX and FxPrimus are regulated by the CySEC and the VFSC, which are reputable regulatory bodies that ensure the safety and security of client funds and fair trading practices. However, FxPrimus has an additional regulation from the FSCA of South Africa, which gives it an edge over NordFX in terms of regulatory oversight. Moreover, FxPrimus claims to be one of the safest brokers in the world, as it offers various protection measures for its clients, such as segregated accounts, negative balance protection, third-party insurance, and independent audits.
NordFX vs FxPrimus Trading Assets Comparison
NordFX and FxPrimus both offer a wide range of trading assets for their clients to choose from. However, FxPrimus has more instruments available than NordFX, as it offers over 120 instruments compared to NordFX’s 80+ instruments. FxPrimus also has more variety in terms of asset classes, as it offers energies such as oil and gas, which NordFX does not. Both brokers offer forex, metals, cryptocurrencies, indices, and stocks.
NordFX vs FxPrimus Trading Fees Comparison
NordFX and FxPrimus have different fee structures depending on the account type and trading platform chosen by the client. NordFX offers four account types: Fix, Pro, Zero, and Stocks. The Fix account has fixed spreads starting from 2 pips and no commission. The Pro account has variable spreads starting from 0.9 pips and no commission. The Zero account has variable spreads starting from 0.3 pips and a commission of $3.5 per lot per side. The Stocks account has fixed spreads starting from 0.1 pips and a commission of 0.2% per trade.
FxPrimus offers three account types: Standard, Premium, and VIP. The Standard account has variable spreads starting from 1.6 pips and no commission. The Premium account has variable spreads starting from 0.6 pips and no commission. The VIP account has variable spreads starting from 0 pips and a commission of $10 per lot per round turn. Both brokers charge no deposit or withdrawal fees for most payment methods, but they may charge an inactivity fee if the account is dormant for a certain period of time.
NordFX vs FxPrimus Account Types Comparison
NordFX offers four account types: Fix, Pro, Zero, and Stocks. The minimum deposit for each account type is $10 for Fix and Pro accounts, $100 for Zero accounts, and $500 for Stocks accounts1. The maximum leverage for each account type is 1:1000 for Fix accounts, 1:1000 for Pro accounts (except for cryptocurrencies), 1:500 for Zero accounts (except for cryptocurrencies), and 1:5 for Stocks accounts. The minimum trade size for each account type is 0.01 lot for Fix accounts (except for cryptocurrencies), 0.01 lot for Pro accounts (except for cryptocurrencies), 0.01 lot for Zero accounts (except for cryptocurrencies), and 1 lot for Stocks accounts.
FxPrimus offers three account types: Standard, Premium, and VIP. The minimum deposit for each account type is $100 for Standard accounts, $2500 for Premium accounts, and $10,000 for VIP accounts. The maximum leverage for each account type is 1:1000 for Standard accounts, 1:500 for Premium accounts, and 1:200 for VIP accounts. The minimum trade size for each account type is 0.01 lot for all accounts.
NordFX vs FxPrimus Deposit Options Comparison
NordFX and FxPrimus both offer a variety of deposit and withdrawal options for their clients, such as bank wire transfer, credit/debit cards, e-wallets, and cryptocurrencies. However, the availability of some payment methods may depend on the country of residence of the client. Both brokers do not charge any deposit or withdrawal fees for most payment methods, but they may impose some minimum and maximum limits on the amount and frequency of transactions.
NordFX vs FxPrimus Trading Platforms Comparison
NordFX and FxPrimus both use the MetaTrader 4 platform as their main trading platform, which is one of the most popular and widely used platforms in the forex industry. The MetaTrader 4 platform offers various features and tools for traders, such as advanced charting, technical indicators, expert advisors, automated trading, market news, and signals. Both brokers also provide mobile versions of the MetaTrader 4 platform for iOS and Android devices, as well as web-based versions that can be accessed from any browser. However, NordFX also offers the MetaTrader 5 platform, which is an upgraded version of the MetaTrader 4 platform that has more features and capabilities, such as more timeframes, more order types, more indicators, more analytical tools, an economic calendar, and a built-in market of trading robots and signals. The MetaTrader 5 platform is available for desktop, web, and mobile devices.
NordFX vs FxPrimus Analytical Tools Comparison
NordFX and FxPrimus both provide various analytical tools and resources for their clients to enhance their trading performance and knowledge. Some of the common tools and resources offered by both brokers are:
- Market analysis: Both brokers provide daily market analysis and commentary on various financial instruments and events that affect the market movements.
- Economic calendar: Both brokers provide an economic calendar that shows the dates and times of important economic data releases and events that may have an impact on the market volatility.
- Trading signals: Both brokers provide trading signals that give recommendations on when to enter or exit a trade based on technical or fundamental analysis.
- Trading education: Both brokers provide trading education materials that cover various topics related to forex trading, such as trading strategies, risk management, technical analysis, fundamental analysis, trading psychology, etc.
However, FxPrimus also offers some additional tools and resources that NordFX does not, such as:
- Market outlook: FxPrimus provides a weekly market outlook video that gives an overview of the upcoming market trends and opportunities for the week ahead.
- Webinars: FxPrimus provides live and recorded webinars that cover various aspects of forex trading, such as market analysis, trading techniques, trading platforms, etc.
- Trading calculators: FxPrimus provides various trading calculators that help traders calculate their potential profits, losses, margins, swaps, etc.
- VPS service: FxPrimus provides a free virtual private server (VPS) service for its clients who trade with a minimum balance of $500 and execute at least 5 round turn lots per month. A VPS service allows traders to run their trading platforms and automated strategies on a remote server that is connected to the internet 24/7.
NordFX vs FxPrimus. Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences and trading goals. Both NordFX and FxPrimus have their own advantages and disadvantages. You should consider various factors, such as regulations, fees, assets, platforms, tools, etc. when choosing a broker.
You should also test out their services and features by opening a small demo or live account before committing to a larger investment. Ultimately, the best broker for you is the one that meets your needs and expectations.
