Compare ThinkMarkets vs FxPrimus
What is ThinkMarkets? What is FxPrimus?
ThinkMarkets is a global online broker that was founded in 2010 and offers forex trading, CFDs, cryptocurrencies, and social trading. FxPrimus is a forex broker that was established in 2009 and offers forex trading, CFDs, cryptocurrencies, and copy trading.
ThinkMarkets vs FxPrimus Regulation Comparison
ThinkMarkets is regulated by two tier-1 authorities (ASIC and FCA), two tier-2 authorities (CySEC and FSCA), and has a trust score of 86 out of 99. FxPrimus is regulated by one tier-2 authority (CySEC) and one tier-3 authority (VFSC), and has a trust score of 69 out of 99.
ThinkMarkets vs FxPrimus Trading Assets Comparison
ThinkMarkets offers traders access to 1674 CFDs, including 46 forex pairs and 25 cryptocurrencies. FxPrimus offers traders access to 140 CFDs, including 42 forex pairs and 5 cryptocurrencies.
ThinkMarkets vs FxPrimus Trading Fees Comparison
ThinkMarkets has variable spreads and charges no commissions on its standard account, while offering lower spreads and commissions on its thinkZero account for active traders. FxPrimus has fixed or variable spreads depending on the account type, and charges commissions on its ECN Premier account.
ThinkMarkets vs FxPrimus Account Types Comparison
ThinkMarkets has three account types: Standard, ThinkZero, and Islamic. The minimum deposit for the standard account is $250, while the thinkZero account requires $500. FxPrimus has four account types: Variable, ECN Premier, Fixed, and Islamic. The minimum deposit for all accounts is $100.
ThinkMarkets vs FxPrimus Deposit Options Comparison
ThinkMarkets supports various deposit and withdrawal methods, such as credit/debit cards, bank wire, Skrill, Neteller, PayPal, Bitcoin, and more. FxPrimus also supports multiple payment options, such as credit/debit cards, bank wire, Skrill, Neteller, Bitcoin, and more.
ThinkMarkets vs FxPrimus Trading Platforms Comparison
ThinkMarkets and FxPrimus both offer MetaTrader 4 (MT4) as their main trading platform, which is available for desktop, web, and mobile devices. ThinkMarkets also offers Trade Interceptor, a proprietary platform that has advanced charting and trading tools.
ThinkMarkets vs FxPrimus Analytical Tools Comparison
ThinkMarkets provides traders with various analytical tools, such as Autochartist, Trading Central, VPS service, economic calendar, market news, and educational resources. FxPrimus also offers traders several analytical tools, such as Autochartist, PAMM service, economic calendar, market news, and educational resources.
ThinkMarkets vs FxPrimus. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is a personal decision that depends on your trading style, preferences, and goals. There is no definitive answer to which broker is better, as each one has its own strengths and weaknesses. However, you can consider some of the following factors:
- Regulation: ThinkMarkets has more regulatory licenses and a higher trust score than FxPrimus, which means it is more secure and reputable. If you value safety and protection, you may prefer ThinkMarkets over FxPrimus.
- Trading Assets: ThinkMarkets has a wider range of CFDs, including more forex pairs and cryptocurrencies, than FxPrimus. If you want more diversity and flexibility in your trading portfolio, you may favor ThinkMarkets over FxPrimus.
- Trading Fees: ThinkMarkets and FxPrimus have different fee structures depending on the account type. ThinkMarkets offers lower spreads and commissions on its thinkZero account, while FxPrimus offers fixed or variable spreads on its other accounts. If you are an active trader who trades frequently and in large volumes, you may benefit from ThinkMarkets’ thinkZero account. If you are a beginner or a casual trader who prefers stability and simplicity, you may opt for FxPrimus’ other accounts.
- Account Types: ThinkMarkets and FxPrimus have different account types that cater to different types of traders. ThinkMarkets has a standard account with no commissions and a thinkZero account with lower spreads and commissions. FxPrimus has a variable account with variable spreads, an ECN Premier account with commissions, a fixed account with fixed spreads, and an Islamic account with no swap fees. If you want to trade with no commissions and variable spreads, you may choose ThinkMarkets’ standard account. If you want to trade with commissions and lower spreads, you may choose ThinkMarkets’ thinkZero account or FxPrimus’ ECN Premier account. If you want to trade with fixed spreads, you may choose FxPrimus’ fixed account. If you are a Muslim trader who follows Sharia law, you may choose FxPrimus’ Islamic account.
- Deposit and Withdrawal Options: ThinkMarkets and FxPrimus both support various payment methods, such as credit/debit cards, bank wire, Skrill, Neteller, PayPal, Bitcoin, and more. However, the availability of these options may vary depending on your country of residence and the currency of your account. You should check the details of each broker’s deposit and withdrawal options before choosing one.
- Trading Platforms: ThinkMarkets and FxPrimus both offer MetaTrader 4 (MT4) as their main trading platform, which is a popular and user-friendly platform that has many features and tools. However, ThinkMarkets also offers Trade Interceptor, a proprietary platform that has advanced charting and trading tools. If you are satisfied with MT4, you can use either broker. If you want to try a different platform that has more functionalities, you can use ThinkMarkets’ Trade Interceptor.
- Analytical Tools: ThinkMarkets and FxPrimus both provide traders with various analytical tools, such as Autochartist, Trading Central, VPS service, economic calendar, market news, and educational resources. These tools can help you improve your trading skills and performance by providing market analysis, signals, indicators, news, events, and learning materials. You should explore the features of each broker’s analytical tools and see which ones suit your needs.
Ultimately, the best forex broker for you is the one that meets your expectations and requirements. You should do your own research and due diligence before opening an account with any broker. You can also try their demo accounts to test their services and platforms before trading with real money.
