IC Markets vs FX Primus, Who's Better?
IC Markets Rating
FX Primus Rating
Losses can exceed deposits
Losses can exceed deposits
IC Markets vs FX Primus Guide
Read our In-Depth IC Markets vs FX Primus Review - 2024 Update
This comprehensive analysis of IC Markets and FX Primus has been updated for 2024 by seasoned professionals boasting extensive expertise in Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of IC Markets vs FX Primus 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.
Compare IC Markets vs FX Primus
Each platforms for online trading feature some advantages and disadvantages, and a complete IC Markets and FX Primus review would not be complete without adopting an objective perspective.
Assess IC Markets and FX Primus to get a better understanding of how these platforms compare to each other before you open an account. Performing a side-by-side comparison can place factors into perspective so that you are aware of what you should anticipate.
So you are looking for a professional broker and are choosing between IC Markets or FX Primus. Who should you choose?
Our IC Markets vs FX Primus comparison contains the latest 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 details will be perplexing for you. Getting into the world of trading requires expert assessing skills and comprehensive understanding. You will get proficient at all the concepts of broker since you continue trading. For starters, you need to select the ideal broker who will be transparent with you constantly.
In this fast-paced universe of stock markets and trading, you'll need guidance to make proper decisions. A professionally direct investment program has the potential to generate hefty returns. IC Markets and FX Primus are just two such stages that will take you and your investment to great heights. It is crucial that you compare IC Markets vs FX Primus until you trust them with your cash.
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 learn about trading with either IC Markets or FX Primus. A good broker can multiply your first investments and provide you favorable profits. If you want to make profits, you must trade with a broker service that aligns with your investment goals.
There's absolutely no sure-fire method to guarantee profits; therefore, you should carefully analyze your agent before you select them. It's a common misconception that all brokers are exactly the same, but that is not correct. Wrong judgment, initially, can set your investments at risk.
IC Markets and FX Primus are both brokers that have found their way successfully to the brokerage world. In this review, we've attempted to collate a number of the important aspects of both IC Markets and FX Primus. This review will allow you to know whether either FX Primus or IC Markets is a fantastic fit for your own investments or not. We've attempted to breakdown all the features and charges for your advantage.
Benefits of IC Markets and FX Primus Compared
IC Markets has 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 while FX Primus allows you to trade around 232 financial instruments on their platform.
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 easily is a sign of a professional broker. IC Markets and FX Primus have the following contact details and social medias that you can use.
|+248 467 19 76
|+357 25 030072
|Level 4, 50 Carrington Street, Sydney NSW 2000
|┬áKolonakiou 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
|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.
In this part of our comparison of IC Markets and FX Primus we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of the apps as Better than the average.
It is important that any trading app has user friendly capabilities especially with the
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?
IC Markets vs FX Primus - Awards
IC Markets have won several industry awards over the time they have been operating as an online broker. We list the most recognised awards for IC Markets here.
FX Primus have won a lot of industry awards over the years they have been operating as an online broker. We show the most notable awards for FX Primus here.
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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 headquaters 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 needs, 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 strong set of rules for ensuring fair trading on their platforms. For information encryption functions, they supply industry-standard secure socket layers (SSL).
As per their own privacy policies, customer 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 broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the businesses of online trading platforms are scaled better. That is, an online broker isn't necessarily influenced by the amount of clients they have.
However, this does not mean that online brokers do not charge any fees. They charge prices of varying rates for various services to make money. There are primarily three types of penalties for this purpose.
The first kind of fees to keep an eye out for are trading fees. Whenever you make an actual trade, like purchasing a stock or an ETF, you are charged trading charges. In such instances, you are paying a spread, financing rate, or a commission. The kinds of trading charges and the rates vary from broker to broker.
Commissions can be fixed or determined by the traded volume. On the other hand, a spread refers to the difference between the buying and selling cost. Financing or overnight rates are people that are charged when you hold a leveraged position for more than a day.
Apart from trading charges, online brokers also charge non-trading fees. These are dependent on the activities you undertake in your accounts. They are charged for surgeries like depositing money, not investing for long periods, or withdrawals.
In general, neither IC Markets or FX Primus charge high fees compared to other online agents. For operations other brokers charge for, they do not charge a broker fee, or they charge a lesser amount. This can be beneficial for those who often exchange, for example weekly or daily trading.
But, non-trading fees charged by IC Markets and FX Primus are relatively lower. As a result, you're charged more for non-trading actions in your trading accounts, such as deposits and withdrawal. These aren't related to the sale and purchase of resources.
This IC Markets vs FX Primus review for 2024 breaks down every one of the relevant non-trading fees for you in detail.
Compare Broker Fees For IC Markets And FX Primus
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What Languages Do IC Markets And FX Primus Support?
Being able to chat easily with your trading platform is a key way of comparing brokers to find the best broker. Not only for support but to ensure you understand everything on their site and inside their application as it is a key factor to success when trading online.
Here you can find all the languages that both IC Markets and FX Primus offer communication in.
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 an online broker that is professional and one of the most simple ways of establishing this is by knowing how many clients they already work with.
Below you will find details of how many customers IC Markets and FX Primus are active on their platform
|Clients / Users
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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
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What Can You Trade With IC Markets and FX Primus?
IC Markets offers 232 trading instruments while FX Primus offers 100.
Below you will find a full breakdown of what both IC Markets and FX Primus offer.
IC Markets Review
IC Markets vs FX Primus:
Table Of Contents
- Compare IC Markets vs FX Primus
- Benefits of IC Markets and FX Primus Compared
- FX Primus and IC Markets Mobile App Comparison
- IC Markets vs FX Primus - Awards
- IC Markets vs FX Primus - Frequently Asked Questions
- What is the minimum deposit for FX Primus or IC Markets
- IC Markets vs FX Primus - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And FX Primus
- What Languages Do IC Markets And FX Primus Support?
- How Many Clients Do IC Markets and FX Primus Have?
- What Payment Methods Do IC Markets and FX Primus Accept?
- What Can You Trade With IC Markets and FX Primus?