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Do you want to know which is the better broker between FXPRIMUS and ThinkMarkets ?
In the table below, you can compare the features of FXPRIMUS , ThinkMarkets side by side to determine the best fit for your needs.
EURUSD: -0.9
XAUUSD: --
Long: -7.5
Short: 1.38
Long: -41.09
Short: 18.55
EURUSD: 0.3
XAUUSD: 0.3
Long: -7.3
Short: 1.01
Long: -34.21
Short: 16.53
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of fxprimus, thinkmarkets lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
FXPRIMUS Review Summary in 10 Points | |
Founded | 2009 |
Registered Country/Region | Cyprus |
Regulation | CySEC |
Market Instruments | Forex, Metals, Energies, Equities, Indices, Futures and CFD Cryptocurrencies |
Demo Account | Available |
Leverage | 1:1000 |
EUR/USD Spread | From 0 pips |
Trading Platforms | MT4, MT5, cTrader, WebTrader |
Minimum deposit | $15 |
Customer Support | 24/5 live chat, email |
FXPRIMUS is a CySEC-regulated retail forex and CFD broker, founded in 2009 and headquartered in Cyprus. FXPRIMUS offers trading on a range of financial instruments including Forex, Metals, Energies, Equities, and Indices, different account types with varying minimum deposits and leverages, and multiple trading platform choices of MT4, MT5, cTrader, and WebTrader.
Pros | Cons |
• Regulated by CYSEC | • Clients from Australia, Belgium, Iran, Japan, North Korea and USA are not accepted |
• High-level protection measures for clients | • Higher minimum deposit for certain account types |
• Wide range of market instruments | • Limited copy trading availability |
• Low minimum deposit | |
• No deposit or withdrawal fees | |
• Competitive spreads and commissions | |
• Various deposit and withdrawal methods | |
• Strong customer service support | |
• Comprehensive trading tools and educational resources |
Overall, FXPRIMUS appears to be a legitimate and reliable broker with strong regulatory oversight and high-level protection measures. They offer a wide range of trading instruments and account types, as well as various trading platforms and educational resources.
There are many alternative brokers to FXPRIMUS depending on the specific needs and preferences of the trader. Some popular options include:
FXCM - a well-established broker with a good reputation and comprehensive trading tools;
FxPro - offers competitive pricing and advanced trading platforms;
Exness - has a user-friendly platform and low minimum deposits.
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
FXPRIMUS is a legitimate online broker that is regulated by the Cyprus Securities and Exchange Commission (CySEC). It is also a member of the Investor Compensation Fund (ICF) in Cyprus, which provides protection to clients in the event of the company's insolvency. Overall, FXPRIMUS appears to be a reputable broker.
FXPRIMUS places a strong emphasis on client protection measures. It offers Negative Balance Protection, which means that clients will never lose more than their account balance. Additionally, FXPRIMUS uses top-tier liquidity providers, ensuring fast and reliable execution of trades. The broker's funds are audited by a third-party auditor to ensure transparency, and client funds are held in segregated accounts, separate from the broker's operating funds. These measures help to ensure that FXPRIMUS clients are protected from financial fraud and malpractice.
Based on the information provided, FXPRIMUS appears to have strong protection measures in place for their clients, including regulation by CYSEC, negative balance protection, top-tier liquidity, and audit and segregated accounts. These measures provide a level of assurance that FXPRIMUS is committed to the security of its clients' funds. Therefore, it can be concluded that FXPRIMUS is a trustworthy broker for traders.
FXPRIMUS offers a diverse range of market instruments for its clients to trade. In addition to forex pairs, clients can also trade metals such as gold and silver, as well as energies such as oil and natural gas. The broker also offers equities, indices, futures, and CFD cryptocurrencies. With such a wide range of market instruments available, clients can diversify their trading portfolios and take advantage of different market opportunities.
FXPRIMUS offers three account types, Primus Classic, Primus Pro, and Primus Zero, with minimum deposits ranging from $15 to $1,000. Primus Classic accounts are the most accessible with a low minimum deposit requirement of $15, while Primus Pro and Primus Zero accounts require higher minimum deposits of $500 and $1,000, respectively. Copy trading is only available for Primus Classic accounts. FXPRIMUS also offers demo accounts for traders to practice their strategies before committing to a live account.
FXPRIMUS provides varying leverage options depending on the account type and trading platform. For instance, for the Primus Classic account, clients can enjoy up to 1:1000 leverage. On the other hand, for the Primus Pro account, leverage is up to 1:500 on the MT4 platform and up to 1:1000 on the MT5 platform. For the Primus Zero account, the maximum leverage offered is up to 1:500. It is essential to note that high leverage levels carry a higher risk of potential losses, and traders should exercise caution when using high leverage levels.
FXPRIMUS offers competitive spreads and commissions across its account types. The spreads for the Primus Classic account start from 1.5 pips with no commission, which is suitable for beginners who are looking for a commission-free trading experience. For the Primus Pro account, the spreads are variable and start from as low as 0.3 pips, but the commissions are higher at $8 on the MT5 and $10 on the MT4. For experienced traders who prefer tighter spreads, the Primus Zero account offers spread from 0 pips with a commission of $5, making it suitable for high-frequency trading strategies.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commission |
FXPRIMUS | From 0.0 pips | No commission on Primus Classic |
FXCM | From 0.2 pips | No commission on Standard |
FxPro | From 0.0 pips | From $4.5 on cTrader |
Exness | From 0.3 pips | No commission on Standard |
Note: Spreads can vary depending on market conditions and volatility.
FXPRIMUS offers a range of popular trading platforms to cater to the needs of different types of traders. The platform options include the widely used MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and WebTrader.
The MT4 and MT5 platforms are popular among traders due to their user-friendly interface, advanced charting capabilities, and customizable indicators.
The cTrader platform is preferred by traders who seek a more transparent trading environment with direct market access (DMA) and Level II pricing.
The WebTrader platform is a web-based platform that allows traders to access their accounts from any device with an internet connection, without the need to download or install any software.
Overall, FXPRIMUS' trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:
Broker | Trading Platforms |
FXPRIMUS | MT4, MT5, cTrader, WebTrader |
FXCM | Trading Station, MT4 |
FxPro | MT4, MT5, cTrader |
Exness | MT4, MT5, WebTerminal |
Trading tools
FXPRIMUS offers a variety of trading tools to assist its clients. The pip calculator helps traders calculate the value of a pip for a given currency pair and position size. The margin calculator allows traders to calculate the margin required to open and hold a position. The currency converter helps traders convert one currency to another at current exchange rates.
In addition, FXPRIMUS provides a market calendar that shows the schedule of economic events and their expected impact on the market, which can help traders make informed trading decisions. These tools can be accessed through the FXPRIMUS website or the trading platforms.
FXPRIMUS offers various deposit and withdrawal methods, including Bank Wire, Local Transfer, Credit Cards, and e-Wallets.
The minimum deposit is relatively low at $15. There are no deposit or withdrawal fees charged by FXPRIMUS, but your payment provider may charge a fee. However, it is worth noting that the minimum withdrawal amount is $100, which may be higher than some traders would prefer.
FXPRIMUS | Most other | |
Minimum Deposit | $15 | $100 |
The processing time for withdrawals varies depending on the payment method chosen, with Bank Wire taking 2-5 working days, Local Transfer taking 1-5 working days, and Credit Cards and e-Wallets taking up to 5 minutes.
To withdraw funds from FXPRIMUS, you can follow these steps:
Step 1: Log in to your FXPRIMUS account and click on the “Withdrawals” option in the main menu.
Step 2: Select the payment method you want to use for the withdrawal.
Step 3: Enter the amount you want to withdraw and click on the “Submit” button.
Step 4: Follow the instructions provided by the payment method you selected to complete the withdrawal process.
FXPRIMUS does not charge any deposit or withdrawal fees; however, payment provider fees may apply.
The broker charges an inactivity fee of $10 per month for accounts that have been inactive for 180 days or more. This fee is charged to cover the costs of maintaining the account and providing access to trading services, educational resources, and customer support. However, the inactivity fee can be avoided by simply logging into the trading account at least once every 180 days. It's important to note that the inactivity fee is only charged on the balance of the account and not on the deposited amount.
It also charges swap fees for holding positions overnight, and these fees vary depending on the instrument being traded.
See the fee comparison table below:
Broker | Deposit Fee | Withdrawal Fee | Inactivity Fee |
FXPRIMUS | Free | Free | $10 per month after 180 consecutive days of inactivity |
FXCM | Free | Free | $50 per year after 12 months of inactivity |
FxPro | Free | Free | $0 after 12 months of inactivity |
Exness | Free | Varies by payment method | No |
It is important to note that fees and charges are subject to change, and clients should refer to the brokers websites for up-to-date information.
FXPRIMUS customer service offers various channels for clients to reach out for support. Clients can access 24/5 live chat, email, and online messaging to get in touch with customer support representatives. In addition, the broker provides support via messaging apps such as Messenger, WhatsApp, WeChat, Zalo, Line, and Telegram. This allows clients to contact customer support representatives in a convenient and accessible way.
Furthermore, FXPRIMUS has a presence on social media platforms such as Twitter, Facebook, Instagram, YouTube, and LinkedIn. This enables clients to stay up-to-date with the latest news and updates from the broker.
Pros | Cons |
• 24/5 live chat | • No phone support |
• Multiple language support for live chat and email | • No support on Weekends |
• Active on social media channels for customer engagement | • Live chat can be slow to respond during busy periods |
Note: These pros and cons are subjective and may vary depending on the individual's experience with FXPRIMUS' customer service.
FXPRIMUS offers a variety of educational resources for traders of all levels. These resources include video tutorials, educational materials, live webinars, and articles.
The video tutorials cover a range of topics, from basic concepts such as trading terminology and chart analysis to more advanced topics such as risk management and trading strategies.
The educational materials include e-books, trading guides, and other resources to help traders improve their skills and knowledge.
The live webinars are led by experienced traders and cover a variety of topics, including market analysis, trading psychology, and risk management.
The articles on FXPRIMUS' website cover current market news and analysis, trading strategies, and other relevant topics.
In conclusion, FXPRIMUS is a regulated and reliable broker that offers a range of account types with competitive spreads and commissions. The broker provides a variety of trading platforms and trading tools to enhance clients' trading experience. Additionally, the broker offers excellent customer service and educational resources to support traders.
Q 1: | Is FXPRIMUS regulated? |
A 1: | Yes. It is regulated by Cyprus Securities and Exchange Commission (CYSEC). |
Q 2: | At FXPRIMUS, are there any regional restrictions for traders? |
A 2: | Yes. FXPRIMUS does not offer its services to residents of certain countries/jurisdictions including, but not limited to, Australia, Belgium, Iran, Japan, North Korea and USA. |
Q 3: | Does FXPRIMUS offer demo accounts? |
A 3: | Yes. |
Q 4: | Does FXPRIMUS offer the industry-standard MT4 & MT5? |
A 4: | Yes. It supports MT4, MT5, cTrader, and WebTrader. |
Q 5: | What is the minimum deposit for FXPRIMUS? |
A 5: | The minimum initial deposit to open an account is $15. |
Q 6: | Is FXPRIMUS a good broker for beginners? |
A 6: | Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 and MT5 platforms. Also, it offers demo accounts that allow traders to practice trading without risking any real money. |
Registered in | Australia |
Regulatory status | FCA of the United Kingdom, CYSEC of Cyprus, ASIC of Australia and FSA of Seychelles. |
Year(s) of incorporation | 10-15 years |
Market instruments | Currency pairs, stocks, commodities, precious metals, energies, indices, cryptocurrencies... |
Minimum initial deposit | $500 / $0 |
Maximum leverage | 1:500 |
Minimum spread | From 0.0 pips |
Trading platform | MetaTrader5, MetaTrader4, proprietary platform |
Deposit and withdrawal methods | Credit/debit cards, skrill, neteller, cryptocurrencies |
Customer Service | E-mail/phone number/address/live chat |
Fraud allegations | Not yet |
This is a promotional video provided by the ThinkMarkets YouTube channel.
It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.
Pros:
- It offers a wide variety of financial instruments for trading.
- It has several trading platforms, including MetaTrader4, MetaTrader5 and ThinkTrader.
- It offers a ThinkZero account with ultra-low spreads and high execution speed.
- The customer service team is multilingual and available 24/7.
- It has a wide range of educational resources for traders.
- It does not charge commissions for deposits or withdrawals.
Cons:
- Fees on the ThinkZero account can be high.
- The minimum deposit for the ThinkZero account is $500, which may be an obstacle for some traders.
- The standard account has wider spreads than the ThinkZero account.
- The regulation of the company is not clearly specified.
- Educational resources may be too basic for advanced traders.
Dimension | Advantages | Disadvantages |
Broker Model | ThinkMarkets offers tight spreads and fast execution due to its Market Making model. | As a counterparty to its clients' transactions, ThinkMarkets has a potential conflict of interest that can lead to decisions that are not in the best interest of clients. |
ThinkMarkets is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, ThinkMarkets acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of offering leverage. However, this also means that ThinkMarkets has a certain conflict of interest with its clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interest of their clients. It is important for traders to be aware of this dynamic when trading with ThinkMarkets or any other MM broker.
ThinkMarkets is a forex and CFD broker founded in Australia in 2010. The company has multiple regulations, including the UK FCA, Cyprus CYSEC, Australia ASIC and Seychelles FSA. This means that traders can be confident that ThinkMarkets meets strict safety and regulatory standards in all jurisdictions where it operates.
Advantages | Disadvantages |
Wide variety of trading instruments available | Does not offer trading in some specific markets |
Includes cryptocurrencies, stocks, indices and futures. | Some instruments have a higher than average spread |
Access to international markets with a single account | Batch sizes vary according to the instrument |
Portfolio diversification and hedging opportunities | Trading of some instruments may be limited |
ThinkMarkets offers a wide variety of trading instruments, including currencies, indices, energy, precious metals, cryptocurrencies, stocks, exchange-traded funds and futures. Traders can access international markets from a single account, providing the opportunity to diversify and protect their portfolios.
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However, some instruments may have a higher than average spread, and lot sizes may vary from instrument to instrument. In addition, trading of some instruments may be limited in certain geographic regions. Overall, the wide range of trading instruments available is an important advantage of ThinkMarkets, but it is important to be aware of the possible limitations and additional costs associated with some instruments.
Advantages | Disadvantages |
Standard account without commissions | Higher spreads on standard account |
Low spreads on ThinkZero account | Commission on ThinkZero account |
Account options for traders of any level | Minimum deposit of $500 in ThinkZero account |
At ThinkMarkets, the costs associated with trading vary depending on the type of account. On the standard account, the average spread is 1.2 pips and there are no commissions, which makes it a good choice for beginner traders or those looking for a low-cost account. On the other hand, in the ThinkZero account, the average spread is 0.1 pips, but a commission of $3.5 per side is charged, which makes it more suitable for more experienced traders and larger scale trades.
Advantages | Disadvantages |
Standard Account: low minimum deposit | Standard Account: higher spreads |
Standard Account: no commissions | ThinkZero Account: high minimum deposit |
ThinkZero account: tight spreads | ThinkZero Account: commissions |
ThinkZero account: maximum lot size | |
Both accounts: leverage of 1:500 | |
Both accounts: 24/7 customer service |
ThinkMarkets also offers a demo account for traders to test the platform and its services without risk.
ThinkMarkets offers its clients two trading account options: the Standard Account and the ThinkZero Account. The Standard Account is suitable for beginner traders or those who wish to trade with a low minimum deposit without having to worry about commissions. This account offers average spreads of 1.2 pips and does not charge commissions on trades. On the other hand, the ThinkZero Account is ideal for more experienced traders looking for tight spreads and low trading costs. This account has average spreads of 0.1 pips and charges a commission of $3.5 per lot traded. Both accounts have leverage up to 1:500 and offer 24/7 customer support via live chat, email and phone.
Advantages | Disadvantages |
MetaTrader4 is a widely used trading platform with a wealth of technical analysis resources. | MetaTrader4 is not the most advanced trading platform available on the market. |
MetaTrader5 offers additional features, such as the ability to trade futures and options. | MetaTrader5 may have a steeper learning curve for new traders |
ThinkTrader is ThinkMarkets' proprietary trading platform, designed to provide a superior trading experience. | ThinkTrader may have fewer technical analysis resources compared to MetaTrader4 and MetaTrader5. |
All three trading platforms offer fast and reliable execution of trades. | By offering three different platforms, it can be overwhelming for traders to choose the right platform for their needs. |
ThinkMarkets offers its clients three different trading platforms: MetaTrader4, MetaTrader5 and ThinkTrader. MetaTrader4 is one of the most widely used trading platforms in the world and has earned a great reputation due to its ease of use and wide range of technical analysis tools and resources. MetaTrader5 is the most advanced MetaTrader trading platform, with additional features such as the ability to trade futures and options. ThinkTrader, on the other hand, is ThinkMarkets' proprietary trading platform, designed to provide a superior trading experience with advanced features, an intuitive interface and full customization.
Advantages | Disadvantages |
Possibility of making significant profits with a low initial investment | Increased risk of significant losses if the market moves against the trader |
Increases flexibility and trading opportunities | Increased exposure to market risk and unexpected events |
Allows traders to diversify their trading portfolio | Can lead to over-leveraging and over-exposure to risks |
Allows traders to maximize their earning potential in favorable market conditions | Requires adequate risk management to avoid significant losses |
Ideal for experienced traders who can handle high level of risk | Not suitable for inexperienced traders or traders who do not fully understand the risk associated with leverage. |
Leverage is an important tool in forex trading, as it allows traders to increase their buying power and have access to greater trading opportunities. At ThinkMarkets, the maximum leverage offered is 1:500, which means that traders can control a position up to 500 times the size of their account. However, it is important to note that high leverage also carries a higher risk, as the potential losses are also multiplied by the same proportion. Therefore, it is important that traders understand the risks associated with high leverage and use appropriate risk management tools when trading with high levels of leverage.
Advantages | Disadvantages |
Multiple deposit and withdrawal options, including bank transfer, credit/debit cards, cryptocurrencies and e-wallets such as Skrill and Neteller. | ThinkMarkets may pass on charges from third-party vendors to customers, which could result in additional costs. |
ThinkMarkets does not normally charge commissions for deposits or withdrawals. | Third party payments are not allowed. |
ThinkPortal allows up to 24 transactions between transfers in a 2-hour period, which can be convenient for customers who need to make multiple transactions quickly. | |
Withdrawal requests are typically processed within 24 hours during the week, which can result in a fast and efficient experience for customers. |
ThinkMarkets offers multiple deposit and withdrawal options for its clients, including bank wire transfer, credit/debit cards, cryptocurrencies and e-wallets such as Skrill and Neteller. Third-party payments are not allowed and ThinkMarkets does not normally charge deposit or withdrawal fees. In addition, ThinkPortal allows up to 24 transactions between transfers in a 2-hour period, which can be convenient for customers who need to make multiple transactions quickly. Withdrawal requests are typically processed within 24 hours during the week, which can result in a fast and efficient experience for customers. However, ThinkMarkets may pass on charges from third party providers to customers, which could result in additional costs.
ThinkMarkets offers a wide range of educational resources to its clients, including news, technical analysis, webinars, articles and more. These resources are available for free and are of high quality, which can be very useful for traders of all experience levels. In addition, the platform offers tools such as charts and an economic calendar that can help traders make informed decisions in the market. It also offers a structured and organized section in the form of courses, which can be an advantage for novice traders looking for more structured guidance. In addition, while the educational resources are accessible to all ThinkMarkets clients, there is no online community for traders to interact and share experiences.
Advantages | Disadvantages |
24/7 multilingual support | No waiting time specified in live chat |
Various forms of contact (e-mail, phone, live chat) | No support through social networks |
Support available for technical and account issues | It is not specified whether there is a dedicated team for trading or financial education questions. |
ThinkMarkets offers robust and accessible customer service through a variety of channels, including email, telephone and live chat, all available 24 hours a day, 7 days a week. The availability of multilingual support is especially helpful for customers around the world. In addition, the support team is trained to handle a wide range of problems, including technical and account issues. However, the wait time on live chat is not specified, which can be a source of frustration for some customers. In addition, there is no social media support and it is not specified whether there is a dedicated team for trading or financial education questions.
In summary, ThinkMarkets is a multi-regulated forex and CFD broker that offers a wide range of trading instruments with competitive spreads. The company also offers an advanced trading platform, 24-hour customer support and educational resources to help traders improve their trading skills and knowledge. If you are looking for a reliable and experienced broker in the market, ThinkMarkets is an excellent option to consider.
Question: How can I open an account with ThinkMarkets?
Answer: You can open an account with ThinkMarkets through their official website. Simply click on “Register” and follow the steps provided.
Question: What types of accounts does ThinkMarkets offer?
Answer: ThinkMarkets offers two types of accounts: the standard account and the ThinkZero account.
Question: What payment methods are available for depositing and withdrawing funds into my account?
Answer: Available payment methods include bank transfer, credit/debit cards (Visa and Mastercard), cryptocurrencies, Skrill and Neteller.
Question: What assets can I trade at ThinkMarkets?
Answer: ThinkMarkets offers a wide variety of financial instruments, including currencies, indices, energy, precious metals, cryptocurrencies, stocks, exchange-traded funds and futures.
Question: What is the maximum leverage offered by ThinkMarkets?
Answer: ThinkMarkets offers a maximum leverage of 1:500.
Question: What educational resources are available on ThinkMarkets?
Answer: ThinkMarkets offers a wealth of educational resources such as news, economic calendar, technical analysis, webinars, articles, glossary, indicators, charts and reports.
Question: What security measures does ThinkMarkets have in place to protect my funds and personal data?
Answer: ThinkMarkets uses state-of-the-art encryption technology to protect your personal and financial data. In addition, your funds are held in segregated accounts to ensure their safety in the event of company insolvency.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive fxprimus and thinkmarkets are, we first considered common fees for standard accounts. On fxprimus, the average spread for the EUR/USD currency pair is from 0 Pips pips, while on thinkmarkets the spread is From 0.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
fxprimus is regulated by CYSEC,FSCA,VFSC. thinkmarkets is regulated by ASIC,FSA,FCA,CYSEC,FSA,FSCA.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
fxprimus provides trading platform including PrimusZERO,PrimusCLASSIC,PrimusCENT,PrimusPRO and trading variety including --. thinkmarkets provides trading platform including ThinkZero,Standard and trading variety including --.