FX Primus vs OANDA, 2023 Update

Compare FX Primus vs OANDA

Every trading platforms will have some pros and cons, and any comprehensive FX Primus and OANDA review cannnot be regarded as thorough without adopting a balanced approach.

Assess FX Primus and OANDA to understand just how they stack up to one another before you decide to create an account. Performing a comprehensive comparison can put things in perspective to ensure that you remain informed about what to expect.

So you are looking for a professional broker and are choosing between FX Primus or OANDA. Who should you choose?

This FX Primus vs OANDA comparison contains the latest information so you can easily compare OANDA against FX Primus.

If you are a new entrant in the world of trading and brokers, so many nuances will be perplexing for you. Getting into the world of trading requires expert analyzing skills and comprehensive understanding. You will acquire proficient at all the concepts of broker since you continue trading. For starters, you need to select the right agent who'll be transparent with you constantly.

Within this fast-paced world of stock markets and trading, you will need guidance to make correct decisions. A professionally lead investment plan has the potential to generate hefty returns. FX Primus and OANDA are just two such platforms which will take you along with your investment to great heights. It's crucial to compare FX Primus vs OANDA until you trust them with your money.

Our FX Primus vs OANDA comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust FX Primus and OANDA side by side.

Our entire FX Primus vs OANDA Review covers everything you will need to know about trading using either FX Primus or OANDA. A fantastic agent can multiply your first investments and give you favorable profits. If you want to make profits, you should trade with a broker service that aligns with your investing objectives.

There's absolutely no sure-fire method to guarantee profits; therefore, you should carefully analyze your agent before you choose them. It is a common misconception that all agents are the same, but that is not true. Wrong judgment, initially, can set your investments in danger.

FX Primus and OANDA are both brokers which have paved their way successfully to the broker world. In this review, we've tried to collate a number of the vital aspects of both FX Primus and OANDA. This review will help you to understand whether either OANDA or FX Primus is a fantastic fit for your investments or not. We've attempted to breakdown all the features and charges for your convenience.

Benefits of FX Primus and OANDA Compared

FX Primus has a minimum deposit of $100 while OANDA has a $1 minimum deposit.

Why smaller minimum deposits are good and how FX Primus and OANDA compare

The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.

FX Primus has around 100 financial instruments whilst OANDA has around 100 financial instruments available.

The more instruments you can trade on the FX Primus and OANDA platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you should never want to miss out on a trading opportunity due to the limitations of FX Primus or OANDA.

FX Primus and OANDA Contact Details

Being able to contact an online trading platform through many ways is vital. FX Primus and OANDA have the following contact details and social medias that you can use.

OANDA and FX Primus Mobile App Comparison

It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.

This part of comparing FX Primus and OANDA will examine whether their mobile app meets all our requirements.

We rate overall the user-friendliness of both apps as Better than the average.

It is important that any trading app has user friendly capabilities especially with the

Search Functions

While most brokers are good at this, there are some poor ones. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?

FX Primus vs OANDA - Awards

FX Primus vs OANDA - Frequently Asked Questions

FX Primus vs OANDA - Headquarters And Year Of Founding

FX Primus was founded in 2009 and has its head office in Cyprus.

OANDA was founded in 1996 and has its head office in United States, Canada.

What is the minimum deposit for OANDA or FX Primus

The minimum deposit for FX Primus is $100.

The minimum deposit for OANDA is $1.

Depending on your current situation, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both FX Primus and OANDA are a good option.

FX Primus vs OANDA - Regulation And Licencing In More Detail

FX Primus is regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID).

OANDA is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC).

Both FX Primus and OANDA have a strong set of rules for ensuring fair trading onto their own platforms. For data encryption functions, they provide industry-standard secure socket layers (SSL).

In accordance with their own privacy regulations, client data is never to be shared with any other institutions or individuals. This includes credit history and other financial details.

Compare FX Primus vs OANDA Commission And Fees

FX Primus and OANDA are online brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the businesses of online trading platforms are scaled better. In other words, an internet broker is not necessarily affected by the number of clients they have.

But this doesn't mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to make money. There are primarily 3 types of penalties for this objective.

The first kind of charges to keep an eye out for are trading charges. Whenever you make an actual trade, like purchasing a stock or an ETF, you're charged trading charges. In these cases, you are spending a spread, funding speed, or a commission. The kinds of trading charges and the prices differ from broker to broker.

Commissions could be fixed or dependent on the traded volume. On the flip side, a spread denotes the difference between the buying and selling cost. Funding or overnight prices are those that are billed when you hold a leveraged position for longer than a day.

Aside from trading fees, online agents also charge non-trading fees. These are dependent on the activities you undertake on your account. They're billed for operations like depositing cash, not trading for long periods, or withdrawals.

Generally, neither FX Primus or OANDA charge high fees in comparison to other online brokers. For operations other agents fee for, they do not charge a brokerage fee, or they charge a smaller amount. This is beneficial for people who often trade, such as weekly or daily trading.

But, non-trading fees billed by FX Primus and OANDA are comparatively competitive. Consequently, you're billed more for non-trading actions on your trading account, like deposits and withdrawal. These are not related to the purchase and sale of resources.

This FX Primus vs OANDA review for 2023 breaks down each of the relevant non-trading fees for you in detail.

Compare Broker Fees For FX Primus And OANDA

What Languages Do FX Primus And OANDA Support?

Being able to talk completely with your online platform is a key part of comparing online brokers to find your perfect trading partner. Not only for support but to ensure you understand everything on their site and inside their application as it is a key part of success when trading forex.

Below you can find all the languages that both FX Primus and OANDA support.

How Many Clients Do FX Primus and OANDA Have?

Both FX Primus and OANDA are well established with their client base. It is really important to work with a broker that is professional and one of the easiest ways of establishing this is by knowing how many clients are using their services.

Below you will find details of how many users FX Primus and OANDA have

What Payment Methods Do FX Primus and OANDA Accept?

FX Primus and OANDA both offer a wide range of payment options which is vital when you have a global customer base.

Below you will find details of all the payment options available at FX Primus and OANDA

What Can You Trade With FX Primus and OANDA?

FX Primus offers 100 trading instruments whilst OANDA offers 100.

Below you will find a full breakdown of what both FX Primus and OANDA offer.