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octa , FXPRIMUS Broker Comparison
Do you want to know which is the better broker between octa and FXPRIMUS ?
In the table below, you can compare the features of octa , FXPRIMUS side by side to determine the best fit for your needs.
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
2 / 3 forex brokers comparison in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Est. Date
Regulatory License
MT4
MT5
Crypto
Deposit/Withdrawal Methods
Trading Env.
Trading Environment Rating
Execution Speed
Trading Speed Rating
Average Execution Speed
Minimum Execution Latency
Minimum Open Latency
Minimum Close Latency
Maximum Execution Latency
Maximum Open Latency
Maximum Close Latency
Slippage
Slippage Rating
Average Slippage
Max Slippage
Maximum Positive Slippage
Maximum Negative Slippage
Trading Cost
Trading Cost Rating
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
Swap
Swap Rating
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
Disconnection Instances
Disconnection Rating
Avg. Disconnection Frequency (/day)
Avg. Reconnection Time
Account Info
Accounts
Account Name
Trading Instruments
Minimum Deposit
Maximum Leverage
Typical Spread
Stop-Out Level
Spread Types
Minimum Trade Size
Crypto
Lock Position
Scalping
EA Trading
6.49
Regulated
Under guarantee
5-10 years
CYSEC
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--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
2.49
Frequent Complaint
Under guarantee
10-15 years
CYSEC,FSCA,VFSC
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--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
PrimusZERO,PrimusCLASSIC,PrimusCENT,PrimusPRO
--
--
1 : 500
from 0 Pips
0.00
--
--
--
octa 、 FXPRIMUS BrokerRelated News
octa 、 FXPRIMUS BrokerRelevant Exposures
Which broker is more reliable?
To evaluate a broker's reliability and trustworthiness, consider the following four factors:
1.Forex broker introduction。
2.Do octafx and fxprimus have lower transaction costs?
3.Which broker is safer?
4.Which broker offers the best trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Forex broker introduction
octafx
| Quick Octa Review Summary | |
| Founded | 2011 |
| Registered Country/Region | Cyprus |
| Regulation | Regulated by CYSEC |
| Market Instruments | Currrency pairs, gold/silver, commodities, indices, cryptos |
| Demo Account | ✅ |
| Min Deposit | 50 EUR |
| Leverage | Up to 1:30 |
| EUR/USD Spread | Floating around 1.1 pips |
| Trading Platform | OctaTrader, Web platform, Android |
| Payment Methods | Swissquote, BluOr Bank, RIETUMU |
| Deposit & Withdrawal Fee | ❌ |
| Customer Support | 9 a.m. – 6 p.m. UTC+3 |
| Email: clientsupport@octaeu.com | |
| Regional Restrictions | Belgium, the USA, Canada, Spain, and the UK, as well as to jurisdictions outside the European Economic Area (EEA) except Switzerland |
Octa Information
Founded in 2011, Octa a regulated broker registered in Cyprus, offering trading in currrency pairs, gold/silver, commodities, indices, and cryptos on OctaTrader, Web platform, and Android platforms.
Pros and Cons
| Pros | Cons |
| Regulated by CYSEC | Regional restrictions |
| Various tradable instruments | MT4/MT5 unavailable |
| Demo accounts available | Limited payment options |
| Tight EUR/USD spread | No 24/7 customer support |
| No fees for deposits and withdrawals |
Is Octa Legit?
Yes. Octa is currently regulated by Cyprus Securities and Exchange Commission (CySEC).
| Regulated Country | Regulated by | Regulated Entity | License Type | License Number |
 | CySEC | Octa Markets Cyprus Ltd | Market Making (MM) | 372/18 |
What Can I Trade on Octa?
Octa offers trading in currrency pairs, gold/silver, commodities, indices, and cryptos.
| Tradable Instruments | Supported |
| Currency pairs | ✔ |
| Gold & Silver | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptos | ✔ |
| Stocks | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Leverage
The maximum leverage vary on the asset class. Detailed info can be found in the table below:
| Asset Class | Max Leverage |
| Currency pairs | 1:30 |
| Gold & Silver | 1:20 |
| Commodities | 1:10 |
| Indices | 1:20 |
| Cryptos | 1:25 |
It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spread and Commission
Octa offers commission-free trading and the EUR/USD spread is floating around 1.1 pips. If you are interested in spreads on other trading instruments, you can visit https://www.octaeu.com/spreads/
Trading Platform
Octa has a built-in proprietary trading platform - OctaTrader available on the Web, Desktop, and Android versions.
Deposit and Withdrawal
Octa supports very limited payment options, only Swissquote, BluOr Bank, and RIETUMU.
The minimum deposit or withdrawal amount are both 50 EUR.
All deposits and withdrawals are free of charge, and can be processed within 3-7 business days.
Customer Support Options
Octa provides email instead of phone or live chat contact, which will result in traders being unable to deal with emergencies on time. You can also follow them on some social platforms, such as Facebook, Twitter, and Instagram.
| Contact Options | Details |
| clientsupport@octaeu.com | |
| Social Media | Facebook, Twitter, Instagram |
| Website Language | English, Italian |
| Physical Address | 1 Agias Zonis and Thessalonikis Corner, Nicolaou PentadromosCenter, Block: B', Office: 201,3026, Limassol, Cyprus |
fxprimus
| FXPRIMUS Review Summary | |
| Founded | 2009 |
| Registered Country/Region | Cyprus |
| Regulation | CYSEC |
| Market Instruments | Forex, Equities, Energies, Precious Metals, Indices, Cryptocurrencies, Stocks |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | From 1.5 pips (PrimusCLASSIC account) |
| Trading Platforms | MT4, MT5, WebTrader |
| Minimum Deposit | $15 |
| Customer Support | Contact form, live chat 24/5 |
| Email: support@fxprimus.com | |
| Facebook, Twitter, Instagram, LinkedIn, YouTube | |
| Address: Govant Building, BP 1276, Port Vila, Vanuatu | |
| Kolonakiou 57, Linopetra, 4103, Limassol Cyprus | |
FXPRIMUS is a CySEC-regulated retail forex and CFD broker, founded in 2009 and headquartered in Cyprus. FXPRIMUS offers trading on diverse financial instruments including Forex, Equities, Energies, Precious Metals, Indices, Cryptocurrencies, and Stocks. It provides different account types with $15 minimum deposits and flexible leverages. As to trading platforms, MT4, MT5, and WebTrader are supported.
Pros and Cons
| Pros | Cons |
| Regulated by CYSEC | Expired license with the FSCA |
| Diverse customer support channels | Offshore license with the VFSC |
| Demo accounts available | High leverage risks |
| A wide range of products | |
| Diverse account types | |
| Low minimum deposit | |
| Flexible leverage ratios | |
| Multiple trading platforms |
Is FXPRIMUS Legit?
Yes, FXPRIMUS is regulated by CySEC. However, please note that it has an expired license with the FSCA and an offshore license with the VFSC.
| Regulated Country | Regulated Authority | Current Status | Regulated Entity | License Type | License Number |
 | The Cyprus Securities and Exchange Commission (CySEC) | Regulated | Primus Global Ltd | Market Maker (MM) | 261/14 |
 | The Financial Sector Conduct Authority (FSCA) | Expired | PRIMUS AFRICA (PTY) LTD | Financial Service Corporate | 46675 |
 | The Vanuatu Financial Services Commission (VFSC) | Offshore Regulated | Primus Markets INTL Limited | Retail Forex License | 14595 |
What Can I Trade on FXPRIMUS?
On FXPRIMUS, you can trade with Forex, Equities, Energies, Precious Metals, Indices, Cryptocurrencies, and Stocks.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Energies | ✔ |
| Metals | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Stocks | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
| Mutual Funds | ❌ |
Account Type
| Account Type | Minimum Deposit |
| PrimusCLASSIC | $15 USD |
| PrimusPRO | $500 USD |
| PrimusZERO | $1,000 USD |
Leverage
The maximum leverage is up to 1:1000 for PrimusCLASSIC account. Note that high leverage can amplify both profits and losses.
| Account Type | Maximum Leverage |
| PrimusCLASSIC | 1:1000 |
| PrimusPRO | 1:500 |
| PrimusZERO | 1:500 |
Spreads and Commissions
Spreads and commissions vary on the account type, detailed info are as follows:
The PrimusCLASSICaccounthas no commission fees, both starting from 1.5 pips for the average spread.
ThePrimusPRO account offers a lower spread starting from 0.3 pips, but with a commission of $8 (on MT5).
ThePrimusZERO account has the lowest spread, starting from 0 pips, and charges a commission of $5.
| Account Type | Spread | Commission |
| PrimusCLASSIC | From 1.5 pips | ❌ |
| PrimusPRO | From 0.3 pips | $8 (MT5) |
| PrimusZERO | From 0 pips | $5 |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Windows, iOS, Android | Beginners |
| MT5 | ✔ | Windows, iOS, MAC, Android | Experienced traders |
| WebTrader | ✔ | / | / |
Do octafx and fxprimus have lower transaction costs?
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 octafx and fxprimus are, we first considered common fees for standard accounts. On octafx, the average spread for the EUR/USD currency pair is -- pips, while on fxprimus the spread is from 0 Pips.
Which broker between octafx, fxprimus is safer?
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.
octafx is regulated by CYSEC. fxprimus is regulated by CYSEC,FSCA,VFSC.
Which broker between octafx, fxprimus provides better trading platform?
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.
octafx provides the -- platform with products like --; fxprimus offers the PrimusZERO,PrimusCLASSIC,PrimusCENT,PrimusPRO platform featuring assets including --.
