Compare OctaFx vs FxPrimus
What is OctaFx? What is FxPrimus ?
OctaFX is a forex and CFD broker that was founded in 2011 and is regulated by CySEC and FSCA. It offers trading on over 200 instruments, including forex, metals, indices, energies, and cryptocurrencies. It also provides social trading and copy trading features, as well as various promotions and bonuses for its clients.
FxPrimus is a forex and CFD broker that was founded in 2009 and is regulated by CySEC, VFSC, and FSCA. It offers trading on over 100 instruments, including forex, metals, indices, energies, commodities, and cryptocurrencies. It also provides educational resources, market analysis, and risk management tools for its clients.
OctaFx vs FxPrimus Regulation Comparison
Both OctaFX and FxPrimus are considered high-risk brokers, with an overall Trust Score of 69 out of 99. They both have a license from CySEC, which is a Tier-2 regulator in the European Union. However, OctaFX also has a license from FSCA, which is another Tier-2 regulator in South Africa, while FxPrimus has a license from VFSC, which is a Tier-3 regulator in Vanuatu. Neither of them has a license from any Tier-1 regulator, such as ASIC, FCA, or CFTC.
OctaFx vs FxPrimus Trading Assets Comparison
OctaFX offers more trading assets than FxPrimus, with 229 instruments versus 140 instruments. OctaFX has more forex pairs (40 vs 42), more indices (14 vs 10), more energies (4 vs 3), and more cryptocurrencies (10 vs 5). FxPrimus has more metals (7 vs 4) and more commodities (6 vs 0). Both brokers offer the same number of CFDs on stocks (150).
OctaFx vs FxPrimus Trading Fees Comparison
OctaFX and FxPrimus have different fee structures depending on the account type and the trading platform. OctaFX offers three account types: Micro, Pro, and ECN. Micro accounts have no commission but higher spreads, Pro accounts have low spreads but a commission of $3 per lot per side, and ECN accounts have variable spreads and a commission of $3 per lot per side. OctaFX also charges swap fees for holding positions overnight.
FxPrimus offers four account types: Standard Variable, Standard Fixed, Premium Variable, and Premium Fixed. Standard accounts have no commission but higher spreads, while Premium accounts have lower spreads but a commission of $10 per lot round turn. FxPrimus also charges swap fees for holding positions overnight.
OctaFx vs FxPrimus Account Types Comparison
OctaFX and FxPrimus have different minimum deposit requirements and leverage levels for their account types. OctaFX has a lower minimum deposit of $100 for all its account types, while FxPrimus has a higher minimum deposit of $500 for its Standard accounts and $2,500 for its Premium accounts. OctaFX also offers higher leverage of up to 1:500 for all its account types, while FxPrimus offers lower leverage of up to 1:300 for its Standard accounts and up to 1:200 for its Premium accounts.
OctaFx vs FxPrimus Deposit Options Comparison
OctaFX and FxPrimus offer a variety of deposit and withdrawal options for their clients. OctaFX supports bank wire transfers, credit/debit cards, e-wallets (such as Skrill, Neteller, and Perfect Money), and cryptocurrencies (such as Bitcoin, Ethereum, and Litecoin). OctaFX does not charge any fees for deposits or withdrawals, and processes them within one business day .
FxPrimus supports bank wire transfers, credit/debit cards, e-wallets (such as Skrill, Neteller, and ecoPayz), and local bank transfers. FxPrimus does not charge any fees for deposits, but may charge fees for withdrawals depending on the method and the amount. FxPrimus also processes withdrawals within one business day.
OctaFx vs FxPrimus Trading Platforms Comparison
OctaFX and FxPrimus both offer the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms for desktop, web, and mobile devices. These platforms are widely used by traders around the world for their advanced features, such as charting tools, technical indicators, automated trading systems, and market news. Both brokers also provide custom indicators and plugins for MT4 and MT5 to enhance the trading experience.
OctaFx vs FxPrimus Analytical Tools Comparison
OctaFX and FxPrimus both provide various analytical tools to help their clients make informed trading decisions. OctaFX offers market insights, economic calendar, trading signals, forex news, market analysis videos, webinars, and contests. FxPrimus offers market outlooks, economic calendar, trading signals, forex news, market analysis videos, webinars, ebooks, and courses. Both brokers also offer a free demo account to practice trading with virtual funds.
OctaFx vs FxPrimus . Which forex broker is better? Which forex broker should you choose?
The best forex broker for you depends on your personal preferences, trading style, goals and needs. You can do more research, read reviews, try a demo account or even open a live account with both brokers to see which broker meets your expectations and requirements.
