USAA vs FX Primus, for 2024
USAA Rating
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FX Primus Rating
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Your capital is at risk |
Losses can exceed deposits |
USAA vs FX Primus Guide |
Read our In-Depth USAA vs FX Primus Review - Updated for 2024
Our USAA vs FX Primus review has been updated for 2024 by knowledgeable insiders with significant financial experience across Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of USAA vs FX Primus does not apply to all countries as follows:
USAA Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
FX Primus Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare USAA vs FX Primus
All online trading platforms feature a few pros and cons, so a complete USAA and FX Primus review cannnot be regarded as thorough without embracing a balanced approach.
Compare FX Primus and USAA in order to understand the way they compare against each prior to you open an account. A comparative analysis will place factors into perspective so that you're cognizant of what you should anticipate.
So you are looking for a reputable broker and are choosing between USAA or FX Primus. Who is better in 2024?
This USAA vs FX Primus comparison contains the most recent information so you can easily compare FX Primus against USAA.
If you're a new entrant in the world of trading and brokerages, so many nuances will be confusing for you. Getting into the area of trading requires expert analyzing skills and thorough knowledge. You'll get adept at all the concepts of broker as you keep trading. For starters, you need to select the right broker who'll be clear 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 program has the potential to generate hefty returns. USAA and FX Primus are just two such stages which will take you and your investment into great heights. It's crucial that you compare USAA vs FX Primus until you trust them with your money.
Our USAA vs FX Primus comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust USAA and FX Primus side by side.
Our full USAA vs FX Primus Review covers all you need to learn about trading with either USAA or FX Primus. A good broker can multiply your first investments and give you favorable profits. If you want to make profits, you must trade with a brokerage service that contrasts with your investing objectives.
There's absolutely no sure-fire way to guarantee profits; thus, you should carefully assess your agent before you choose them. It is a common misconception that all brokers are the same, but that is not true. Wrong judgment, initially, can set your investments at risk.
USAA and FX Primus are both brokers that have found their way successfully to the brokerage world. In this review, we have attempted to collate a number of the vital facets of both USAA and FX Primus. This review will help you to know whether either FX Primus or USAA is a good match for your own investments or not. We've attempted to breakdown all of the qualities and fees for your convenience.
Benefits of USAA and FX Primus Compared
USAA offers a minimum deposit of $25 while FX Primus has a $100 minimum deposit.
Why smaller minimum deposits are good and how USAA 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.
USAA allows you to trade around 242 financial instruments whilst FX Primus allows you to trade around 242 on their platform.
The more financial instruments you can trade on the USAA 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 seriously do not want to miss out on a trading opportunity due to the limitations of USAA or FX Primus.
USAA and FX Primus Contact Details
Being able to contact your broker easily is a sign of a professional broker. USAA and FX Primus have the following contact details and social medias that you can use.
Broker | USAA | FX Primus |
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Telephone Number | +357 25 030072 | |
support@fxprimus.com | ||
Address |  Kolonakiou 25, Office 102, Zavos Kolonakiou Center, 4103 Limassol, Cyprus | |
USAA Twitter Account | FX Primus Twitter Account | |
USAA Facebook Page | FX Primus Facebook Page | |
USAA Instagram Account | FX Primus Instagram Account | |
USAA LinkedIn Page | FX Primus LinkedIn Page | |
YouTube | USAA YouTube Channel | FX Primus YouTube Channel |
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FX Primus and USAA 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 USAA and FX Primus we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of the apps as better than average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
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?
USAA vs FX Primus - Awards
Broker | USAA | FX Primus |
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Awards | At the time of writing this USAA review, and despite USAA’s impressive offering, the company has surprisingly not garnered any awards to date. |
FX Primus have won a lot of industry awards over the years they have been operating as a financial broker. We list the most notable awards for FX Primus here.
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USAA vs FX Primus - Frequently Asked Questions
USAA vs FX Primus - Headquarters And Year Of Founding
USAA was founded in 2008 and has its head office in United States.
FX Primus was founded in 2009 and has its headquaters in Cyprus.
What is the minimum deposit for FX Primus or USAA
The minimum deposit for USAA is $25.
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 USAA and FX Primus are a good choice.
USAA vs FX Primus - Regulation And Licencing In More Detail
USAA is regulated by Financial Conduct Authority (FCA), The Prudential Regulation Authority (PRA).
FX Primus is regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID).
Both USAA and FX Primus have a strong set of rules for ensuring honest trading onto their own platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their own privacy regulations, client data is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare USAA vs FX Primus Commission And Fees
USAA and FX Primus are online broker platforms, and many online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled better. That is, an online broker isn't necessarily affected by the amount of clients they have.
But 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 different types of penalties for this purpose.
The first sort of fees to look out for are trading fees. When you make an actual trade, like purchasing a stock or an ETF, you're charged trading charges. In such instances, you're paying a spread, funding speed, or even a commission. The kinds of trading charges and the rates 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 who are charged when you maintain a leveraged position for longer than a day.
Apart from trading charges, online agents also charge non-trading fees. These are dependent on the activities you undertake in your account. They're billed for operations like depositing cash, not investing for long periods, or withdrawals.
In general, neither USAA or FX Primus charge high fees compared to other online agents. For operations other brokers charge for, they either do not charge a broker fee, or they charge a smaller sum. This is beneficial for people who often trade, for example weekly or daily trading.
But, non-trading fees charged by USAA and FX Primus are relatively competitive. Consequently, you are charged more for non-trading actions in your trading account, such as withdrawal and deposits. These are not about the sale and purchase of assets.
This USAA vs FX Primus review for 2024 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For USAA And FX Primus
Broker | USAA | FX Primus |
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Minimum Deposit | $25 | $100 |
Withdrawal Fees | Yes | Yes |
Inactivity Fees | No | No |
Deposit Fees | Yes | Yes |
CFD Fees | No | No |
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What Languages Do USAA And FX Primus Support?
Being able to communicate completely with your trading broker is a key way of comparing online brokers to find your perfect broker. Not only for support but to ensure you completely understand everything on their site and inside their application as it is a key part of success when trading online.
Here you will find all the languages that both USAA and FX Primus offer communication in.
How Many Clients Do USAA and FX Primus Have?
Both USAA and FX Primus are well established with their client base. It is important to work with an online broker that is professional and one of the most simple ways of understanding this is by knowing how many customers are using their services.
Below you will find details of how many customers USAA and FX Primus have
Broker | USAA | FX Primus |
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Clients / Users | 10,000+ | 10,000+ |
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What Payment Methods Do USAA and FX Primus Accept?
USAA 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 USAA and FX Primus
Broker | USAA | FX Primus |
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Bank Transfers | Yes | Yes |
Credit Cards | Yes | Yes |
PayPal | No | No |
Skrill | No | No |
Payoneer | Yes | Yes |
Neteller | No | Yes |
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What Can You Trade With USAA and FX Primus?
USAA offers 242 trading instruments and FX Primus offers 100.
Below you will find a full breakdown of what both USAA and FX Primus offer.
USAA Review
USAA vs FX Primus:
Table Of Contents
- Compare USAA vs FX Primus
- Benefits of USAA and FX Primus Compared
- FX Primus and USAA Mobile App Comparison
- USAA vs FX Primus - Awards
- USAA vs FX Primus - Frequently Asked Questions
- What is the minimum deposit for FX Primus or USAA
- USAA vs FX Primus - Regulation And Licencing In More Detail
- Compare Broker Fees For USAA And FX Primus
- What Languages Do USAA And FX Primus Support?
- How Many Clients Do USAA and FX Primus Have?
- What Payment Methods Do USAA and FX Primus Accept?
- What Can You Trade With USAA and FX Primus?