IC Markets vs FX Primus, Updated for 2022
|
|
|
IC Markets Rating: 8.34 / 10 |
FX Primus Rating: 5.81 / 10 |
|
Losses can exceed deposits |
Losses can exceed deposits |
IC Markets vs FX Primus Guide |
|
Read our In-Depth IC Markets vs FX Primus Review - 2022 Update
This IC Markets vs FX Primus review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this IC Markets vs FX Primus review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
FX Primus Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
So you are looking for a broker and are choosing between IC Markets or FX Primus. Who should you choose?
Our IC Markets vs FX Primus review contains the most recent information so you can easily compare FX Primus against IC Markets.
If you are a new entrant in the world of trading and brokerages, so many nuances will be confusing for you. Getting into the world of trading demands expert assessing skills and thorough understanding. You'll get proficient at all of the concepts of broker since you continue trading. For starters, you have to select the ideal broker who will be clear with you constantly.
Within this fast-paced universe of stock markets and trading, you'll need advice to make proper decisions. A professionally lead investment program has the potential to generate hefty returns. IC Markets and FX Primus are two such stages that will take you and your investment into great heights. It is crucial that you compare IC Markets vs FX Primus until you trust them with your money.
Our IC Markets vs FX Primus comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and FX Primus side by side.
Our full IC Markets vs FX Primus Review covers everything you need to know about trading using either IC Markets or FX Primus. A good broker can multiply your first investments and provide you favorable profits. If you would like to make profits, you should trade with a brokerage service that aligns with your investment goals.
There is no sure-fire method to guarantee profits; thus, you must carefully assess your agent before you choose them. It's a common misconception that all brokers will be the same, but that is not correct. Wrong judgment, in the beginning, can set your investments at risk.
IC Markets and FX Primus are both brokers which have forged their way successfully into the broker world. Within this review, we've attempted to collate a number of the vital aspects of both IC Markets and FX Primus. This review can help you to know whether either FX Primus or IC Markets is a good match for your own investments or not. We've tried to breakdown all the qualities and charges for your advantage.
Compare IC Markets vs FX Primus
Every online trading system will have a few ups and downs, and no IC Markets and FX Primus review would be complete without having a balanced approach. Compare IC Markets and FX Primus to understand how they line up against each other before you create an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Benefits of IC Markets and FX Primus Compared
IC Markets offers a minimum deposit of $200 while FX Primus offers a $100 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and FX Primus 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.
IC Markets has around 232 financial instruments whilst FX Primus allows you to trade around 232 available.
The more instruments you can trade on the IC Markets and FX Primus 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 IC Markets or FX Primus.
IC Markets and FX Primus Contact Details
Being able to contact an online trading platform simply is a sign of a professional broker. IC Markets and FX Primus have the following contact details and social medias that you can use.
|
|
||
|---|---|---|
| Broker | IC Markets | FX Primus |
| Telephone Number | +248 467 19 76 | +357 25 030072 |
| support@icmarkets.com | support@fxprimus.com | |
| Address | Level 4, 50 Carrington Street, Sydney NSW 2000 |  Kolonakiou 25, Office 102, Zavos Kolonakiou Center, 4103 Limassol, Cyprus |
| IC Markets Twitter Account | FX Primus Twitter Account | |
| IC Markets Facebook Page | FX Primus Facebook Page | |
| IC Markets Instagram Account | FX Primus Instagram Account | |
| IC Markets LinkedIn Page | FX Primus LinkedIn Page | |
| YouTube | IC Markets YouTube Channel | FX Primus YouTube Channel |
| Find Out More |
|
|
FX Primus and IC Markets 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 IC Markets and FX Primus will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of the apps as better than 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. 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?
IC Markets vs FX Primus - Awards
|
|
||
|---|---|---|
| Broker | IC Markets | FX Primus |
| Awards |
IC Markets have won a lot of industry awards over the time they have been running as an online trading platform. We detail the most recognised awards for IC Markets here.
|
FX Primus have won many industry awards over the years they have been operating as an online broker. We show the most recognised awards for FX Primus here.
|
| Find Out More |
|
|
IC Markets vs FX Primus - Frequently Asked Questions
IC Markets vs FX Primus - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its head office in Australia.
FX Primus was founded in 2009 and has its head office in Cyprus.
What is the minimum deposit for FX Primus or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for FX Primus is $100.
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 IC Markets and FX Primus are a good choice.
IC Markets vs FX Primus - Regulation And Licencing In More Detail
IC Markets is regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).
FX Primus is regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID).
Both IC Markets and FX Primus have a powerful collection of rules for ensuring fair trading on their platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).
As per their individual privacy regulations, client information is never to be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare IC Markets vs FX Primus Commission And Fees
IC Markets and FX Primus are online brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled better. In other words, an online broker isn't necessarily affected by the number of customers they have.
However, this does not mean that online brokers don't charge any fees. They charge fees of varying rates for various services to make money. There are primarily three types of fees for this objective.
The first kind of fees to keep an eye out for are trading fees. Whenever you make an actual trade, like buying a stock or an ETF, you're billed trading fees. In such cases, you're spending a spread, funding speed, or a commission. The sorts of trading charges and the prices differ from broker to broker.
Commissions could be fixed or determined by the traded volume. On the other hand, a spread denotes the gap between the buying and selling cost. Financing or overnight rates are people that are charged when you maintain a leveraged position for more than a day.
Aside from trading charges, online agents also bill non-trading fees. These are determined by the activities you undertake on your accounts. They're billed for operations like depositing cash, not trading for long periods, or withdrawals.
In general, neither IC Markets or FX Primus charge high fees in comparison to other online brokers. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a smaller amount. This is beneficial for those who regularly trade, such as daily or weekly trading.
But, non-trading fees billed by IC Markets and FX Primus are comparatively competitive. As a result, you are billed more for non-trading actions on your trading account, such as deposits and withdrawal. These aren't related to the purchase and sale of assets.
This IC Markets vs FX Primus review for 2022 breaks down every one of the applicable non-trading charges for you in detail.
Compare Broker Fees For IC Markets And FX Primus
What Languages Do IC Markets And FX Primus Support?
Being able to communicate completely with your online platform is a key element when comparing trading platforms to find your perfect trading partner. Not only for support but to be sure you completely understand everything on their site and inside their app as it is a key factor to success when trading online.
Here you will find the languages that both IC Markets and FX Primus support.
How Many Clients Do IC Markets and FX Primus Have?
Both IC Markets and FX Primus are well established with their customer base. It is really important to work with a broker that is professional and one of the most simple ways of establishing this is by knowing how many customers are using their services.
Below you will find details of how many users IC Markets and FX Primus are working with
|
|
||
|---|---|---|
| Broker | IC Markets | FX Primus |
| Clients / Users | 60,000+ | 10,000+ |
| Find Out More |
|
|
What Payment Methods Do IC Markets and FX Primus Accept?
IC Markets and FX Primus 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 IC Markets and FX Primus
What Can You Trade With IC Markets and FX Primus?
IC Markets offers 232 trading instruments whilst FX Primus offers 100.
Below you will find a full breakdown of what both IC Markets and FX Primus offer.
Compare IC Markets To All Other Brokers
Compare FX Primus To All Other Brokers
