FX Primus vs umarkets, Who's The Best?
FX Primus Rating
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umarkets Rating
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Losses can exceed deposits |
Your capital is at risk |
FX Primus vs umarkets Guide |
Read our In-Depth FX Primus vs umarkets Review - for 2024
This review comparing FX Primus and umarkets has been revised to reflect any changes for 2024 from knowledgeable insiders with considerable expertise across CFDs, Social Trading, & Forex.
Please note that due to regulations for each broker, the content in this comparison of FX Primus vs umarkets does not apply to all countries as follows:
FX Primus Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
umarkets Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare FX Primus vs umarkets
All platforms for online trading will have some ups and downs, and any comprehensive analysis of FX Primus vs umarkets should not be complete without adopting a fair assessment.
Assess FX Primus and umarkets to get a better understanding of how they line up to each other before you choose to create an account. A side-by-side comparison can put things into perspective to ensure that you remain aware of the expectations.
So you are looking for a professional broker and are choosing between FX Primus or umarkets. Who should you choose?
Our FX Primus vs umarkets comparison contains the latest information so you can easily compare umarkets against FX Primus.
If you are a new entrant in the realm of trading and brokerages, so many details will be perplexing for you. Getting into the world of trading demands expert analyzing skills and comprehensive knowledge. You'll get adept at all of the concepts of brokerage since you keep trading. For starters, you have to select the right agent who'll be transparent with you always.
Within this fast-paced world of stock markets and trading, you'll need guidance to make proper decisions. A professionally lead investment plan has the potential to generate hefty returns. FX Primus and umarkets are just two such companies that will take you along with your investment into great heights. It is crucial that you compare FX Primus vs umarkets until you trust them with your cash.
Our FX Primus vs umarkets comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust FX Primus and umarkets side by side.
Our full FX Primus vs umarkets Review covers everything you will need to know about trading using either FX Primus or umarkets. A good broker can multiply your first investments and provide you positive profits. If you want to earn profits, you should trade with a brokerage service that aligns with your investment objectives.
There is no sure-fire way to ensure profits; therefore, you must carefully assess your agent before you choose them. It is a frequent misconception that all agents will be the same, but that's not true. Wrong judgment, initially, can set your investments at risk.
FX Primus and umarkets are both brokers which have paved their way successfully to the broker world. In this review, we've attempted to collate a number of the important facets of both FX Primus and umarkets. This review can allow you to know whether either umarkets or FX Primus is a fantastic fit for your own investments or not. We've tried to breakdown all the qualities and fees for your convenience.
Benefits of FX Primus and umarkets Compared
FX Primus offers a minimum deposit of $100 while umarkets offers a $250 minimum deposit.
Why smaller minimum deposits are good and how FX Primus and umarkets 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 while umarkets has around 100 financial instruments on their platform.
The more financial instruments you can trade on the FX Primus and umarkets 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 never want to miss out on a trading opportunity due to the limitations of FX Primus or umarkets.
FX Primus and umarkets Contact Details
Being able to contact a broker through many ways is vital. FX Primus and umarkets have the following contact details and social medias that you can use.
Broker | FX Primus | umarkets |
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Telephone Number | +357 25 030072 | |
support@fxprimus.com | ||
Address |  Kolonakiou 25, Office 102, Zavos Kolonakiou Center, 4103 Limassol, Cyprus | |
FX Primus Twitter Account | umarkets Twitter Account | |
FX Primus Facebook Page | umarkets Facebook Page | |
FX Primus Instagram Account | umarkets Instagram Account | |
FX Primus LinkedIn Page | umarkets LinkedIn Page | |
YouTube | FX Primus YouTube Channel | umarkets YouTube Channel |
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umarkets 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 umarkets 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
Although most brokers do OK in this area, there are some bad apples out there. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
FX Primus vs umarkets - Awards
Broker | FX Primus | umarkets |
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Awards |
FX Primus have won a lot of industry awards over the time they have been running as a financial broker. We detail the most recognised awards for FX Primus here.
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At the time of writing this umarkets review, and despite umarkets’s impressive offering, the company has surprisingly not garnered any awards to date. |
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FX Primus vs umarkets - Frequently Asked Questions
FX Primus vs umarkets - Headquarters And Year Of Founding
FX Primus was founded in 2009 and has its head office in Cyprus.
umarkets was founded in 2018 and has its head office in Bulgaria.
What is the minimum deposit for umarkets or FX Primus
The minimum deposit for FX Primus is $100.
The minimum deposit for umarkets is $250.
Depending on your circumstances, 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 umarkets are a good choice.
FX Primus vs umarkets - Regulation And Licencing In More Detail
FX Primus is regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID).
umarkets is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F333.
Both FX Primus and umarkets have a strong collection of rules for ensuring honest trading onto their platforms. For information encryption functions, they supply industry-standard secure socket layers (SSL).
In accordance with their individual privacy regulations, client data is to not be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare FX Primus vs umarkets Commission And Fees
FX Primus and umarkets are online broker platforms, and many online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the companies of online trading platforms are scaled better. That is, an internet broker is not necessarily affected by the amount of customers they have.
But this does not necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to make money. There are primarily three different types of penalties for this purpose.
The first kind of fees to look out for are trading charges. When you make a genuine trade, like purchasing a stock or an ETF, you're charged trading charges. In such cases, you're paying a spread, funding rate, or even a commission. The kinds of trading charges and the prices vary from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the flip side, a spread denotes the difference between the buying and selling cost. Financing or overnight rates are those that are charged when you maintain a leveraged position for longer than a day.
Aside from trading charges, online agents also bill non-trading fees. These are dependent on the activities you undertake on your accounts. They're charged for operations like depositing money, not trading for lengthy periods, or withdrawals.
In general, neither FX Primus or umarkets charge high fees compared to other online agents. For operations other agents fee for, they do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for people who often exchange, for example daily or weekly trading.
But, non-trading fees billed by FX Primus and umarkets are relatively greater. As a result, you are charged more for non-trading actions on your trading account, like deposits and withdrawal. These aren't about the sale and purchase of resources.
This FX Primus vs umarkets review for 2024 breaks down every one of the applicable non-trading fees for you in detail.
Compare Broker Fees For FX Primus And umarkets
Broker | FX Primus | umarkets |
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Minimum Deposit | $100 | $250 |
Withdrawal Fees | Yes | Yes |
Inactivity Fees | No | Yes |
Deposit Fees | Yes | No |
CFD Fees | No | No |
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What Languages Do FX Primus And umarkets Support?
Being able to communicate completely with your trading broker is a key element when comparing trading platforms to find the best broker. Not only for support but to be sure you understand everything on their website and inside their application as it is a key factor to success when trading online.
Here you will find all the languages that both FX Primus and umarkets offer communication in.
How Many Clients Do FX Primus and umarkets Have?
Both FX Primus and umarkets are well established with their customer base. It is important to work with an online broker that is reputable and one of the most simple ways of establishing this is by knowing how many customers they already work with.
Below you will find details of how many clients FX Primus and umarkets are working with
Broker | FX Primus | umarkets |
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Clients / Users | 10,000+ | 10,000+ |
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What Payment Methods Do FX Primus and umarkets Accept?
FX Primus and umarkets 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 umarkets
Broker | FX Primus | umarkets |
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Bank Transfers | Yes | Yes |
Credit Cards | Yes | Yes |
PayPal | No | Yes |
Skrill | No | Yes |
Payoneer | Yes | Yes |
Neteller | Yes | Yes |
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What Can You Trade With FX Primus and umarkets?
FX Primus offers 100 trading instruments while umarkets offers 216.
Below you will find a full breakdown of what both FX Primus and umarkets offer.
FX Primus Review
FX Primus vs umarkets:
Table Of Contents
- Compare FX Primus vs umarkets
- Benefits of FX Primus and umarkets Compared
- umarkets and FX Primus Mobile App Comparison
- FX Primus vs umarkets - Awards
- FX Primus vs umarkets - Frequently Asked Questions
- What is the minimum deposit for umarkets or FX Primus
- FX Primus vs umarkets - Regulation And Licencing In More Detail
- Compare Broker Fees For FX Primus And umarkets
- What Languages Do FX Primus And umarkets Support?
- How Many Clients Do FX Primus and umarkets Have?
- What Payment Methods Do FX Primus and umarkets Accept?
- What Can You Trade With FX Primus and umarkets?