XM vs FX Primus, Who's The Best?
XM Rating
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FX Primus Rating
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77.29% of retail investor accounts lose money when trading CFDs with this provider. |
Losses can exceed deposits |
XM vs FX Primus Guide |
Read our In-Depth XM vs FX Primus Review - Updated for 2024
This comprehensive analysis of XM and FX Primus has been revised to reflect any changes for 2024 from seasoned professionals with significant financial experience across Forex, Social Trading, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of XM vs FX Primus does not apply to all countries as follows:
XM Excluded Countries
Canada, Israel, 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 XM vs FX Primus
Each platforms for online trading will have certain pros and cons, so a complete XM and FX Primus review would not be complete without embracing an objective perspective.
Assess FX Primus and XM in order to understand the way these platforms compare with one another before you choose to create an account. Conducting a comparative analysis can place factors into perspective so that you are cognizant of what to expect.
So you are looking for a reputable broker and are choosing between XM or FX Primus. Which one is best in 2024?
This XM vs FX Primus comparison contains the most recent information so you can easily compare FX Primus against XM.
If you are a new entrant in the world of trading and brokers, so many details will be perplexing for you. Getting into the area of trading requires expert assessing skills and comprehensive understanding. You'll get adept at all the concepts of brokerage since you keep trading. For starters, you need to select the ideal agent who'll be clear with you constantly.
In this fast-paced universe of stock markets and trading, you will need guidance to make correct decisions. A professionally lead investment plan has the potential to create hefty returns. XM and FX Primus are just two such trading platforms which will take you and your investment into great heights. It's crucial that you compare XM vs FX Primus before you trust them with your money.
Our XM vs FX Primus comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust XM and FX Primus side by side.
Our entire XM vs FX Primus Review covers everything you will need to learn about trading with either XM or FX Primus. A fantastic broker can multiply your first investments and give you positive profits. If you would like to earn profits, you should trade with a brokerage service that contrasts with your investing goals.
There's absolutely no sure-fire way to guarantee profits; thus, you must carefully analyze your broker 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 in danger.
XM and FX Primus are both brokers which have found their way successfully into the brokerage world. In this review, we've attempted to collate some of the vital aspects of both XM and FX Primus. This review can help you to understand whether either FX Primus or XM is a good fit for your own investments or not. We've attempted to breakdown all of the qualities and fees for your advantage.
Benefits of XM and FX Primus Compared
XM has a minimum deposit of $5 while FX Primus offers a $100 minimum deposit.
Why smaller minimum deposits are good and how XM 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.
XM allows you to trade around 100 financial instruments while FX Primus allows you to trade around 100 available.
The more financial instruments you can trade on the XM 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 XM or FX Primus.
XM and FX Primus Contact Details
Being able to contact your broker through many ways is a sign of a professional broker. XM and FX Primus have the following contact details and social medias that you can use.
Broker | XM | FX Primus |
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Telephone Number | +357 250 29933 | +357 25 030072 |
support@xm.com | support@fxprimus.com | |
Address | 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus |  Kolonakiou 25, Office 102, Zavos Kolonakiou Center, 4103 Limassol, Cyprus |
XM Twitter Account | FX Primus Twitter Account | |
XM Facebook Page | FX Primus Facebook Page | |
XM Instagram Account | FX Primus Instagram Account | |
XM LinkedIn Page | FX Primus LinkedIn Page | |
YouTube | XM YouTube Channel | FX Primus YouTube Channel |
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FX Primus and XM 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 XM and FX Primus we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of both 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 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?
XM vs FX Primus - Awards
Broker | XM | FX Primus |
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Awards |
XM have won numerous industry awards over the years they have been operating as an online broker. We detail the most recognised awards for XM below.
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FX Primus have won numerous industry awards over the time they have been operating as a financial broker. We list the most notable awards for FX Primus below.
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XM vs FX Primus - Frequently Asked Questions
XM vs FX Primus - Headquarters And Year Of Founding
XM was founded in 2009 and has its headquaters in Cyprus.
FX Primus was founded in 2009 and has its headquaters in Cyprus.
What is the minimum deposit for FX Primus or XM
The minimum deposit for XM is $5.
The minimum deposit for FX Primus is $100.
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 XM and FX Primus are a good choice.
XM vs FX Primus - Regulation And Licencing In More Detail
XM is regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
FX Primus is regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID).
Both XM and FX Primus have a strong collection of rules for ensuring honest trading onto their own platforms. For data encryption purposes, they provide industry-standard secure socket layers (SSL).
As per their own privacy policies, client data is never to be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare XM vs FX Primus Commission And Fees
XM and FX Primus 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 much better. That is, an internet broker is not necessarily affected by the amount of clients they have.
But this doesn't mean that online brokers do not charge any fees. They charge fees of varying rates for various services to earn money. There are mainly three different types of fees for this objective.
The first sort of fees to look out for are trading fees. Whenever you make a genuine trade, like buying a stock or an ETF, you are billed trading fees. In such instances, you are spending a spread, funding speed, or even a commission. The sorts of trading fees and the prices differ from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the flip side, a spread denotes the gap between the buying and selling price. Financing or overnight rates are people that are charged when you maintain a leveraged position for more than daily.
Aside from trading charges, online agents also bill non-trading fees. These are dependent on the actions you undertake in your account. They're charged for operations like depositing money, not trading for long periods, or withdrawals.
Generally, neither XM or FX Primus charge high fees compared to other online agents. For operations other agents charge for, they do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for those who regularly exchange, such as daily or weekly trading.
However, non-trading fees charged by XM and FX Primus are comparatively greater. Consequently, you're charged more for non-trading actions in your trading accounts, such as withdrawal and deposits. These aren't about the sale and purchase of resources.
This XM vs FX Primus review for 2024 breaks down every one of the relevant non-trading charges for you in detail.
Compare Broker Fees For XM And FX Primus
What Languages Do XM And FX Primus Support?
Being able to chat completely with your trading broker is a key element when comparing trading platforms to find your perfect broker. Not only for support but to be sure you completely understand everything on their site and inside their app as it is a key part of success when trading forex.
Here you can find all the languages that both XM and FX Primus offer communication in.
How Many Clients Do XM and FX Primus Have?
Both XM and FX Primus are well established with their client base. It is really important to work with a broker that is reputable and one of the easiest ways of establishing this is by knowing how many clients they already work with.
Below you will find details of how many customers XM and FX Primus are active on their platform
Broker | XM | FX Primus |
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Clients / Users | 3,500,000+ | 10,000+ |
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What Payment Methods Do XM and FX Primus Accept?
XM 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 XM and FX Primus
What Can You Trade With XM and FX Primus?
XM offers 100 trading instruments whilst FX Primus offers 100.
Below you will find a full breakdown of what both XM and FX Primus offer.
XM Review
XM vs FX Primus:
Table Of Contents
- Compare XM vs FX Primus
- Benefits of XM and FX Primus Compared
- FX Primus and XM Mobile App Comparison
- XM vs FX Primus - Awards
- XM vs FX Primus - Frequently Asked Questions
- What is the minimum deposit for FX Primus or XM
- XM vs FX Primus - Regulation And Licencing In More Detail
- Compare Broker Fees For XM And FX Primus
- What Languages Do XM And FX Primus Support?
- How Many Clients Do XM and FX Primus Have?
- What Payment Methods Do XM and FX Primus Accept?
- What Can You Trade With XM and FX Primus?