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CMC Markets vs FXPrimus 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is CMC Markets better than FXPrimus? In our analysis of 23 international regulators across 62 of the best forex brokers, CMC Markets is considered low-risk, with an overall Trust Score of 99 out of 99. FXPrimus is considered high-risk, with an overall Trust Score of 69 out of 99. Learn more about Trust Score.

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Compare

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Overall RatingCMC MarketsFXPrimus
Overall Rating 5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Offering of Investments 5/5 Stars 3.5/5 Stars
Platform & Tools 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 3/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score 99 69
Winner check_circle
Review CMC Markets Review
Broker ScreenshotsCMC MarketsFXPrimus
Trading Platforms Gallery (click to expand)
Research Gallery (click to expand)
Mobile Trading Gallery (click to expand)
Education Gallery (click to expand)
RegulationCMC MarketsFXPrimus
Trust Score 99 69
Year Founded 1989 2009
Publicly Traded (Listed) Yes No
Bank No No
European Union Authorised (MiFID) Yes info Yes info
Tier-1 Licenses 5 0
Tier-2 Licenses 1 1
Tier-3 Licenses 0 1
Tier-1 Licenses (High Trust)CMC MarketsFXPrimus
Australia (ASIC Authorised) Yes No
Canada (SRO Authorised) Yes No
Hong Kong (SFC Authorised) No No
CBI Authorised (Ireland) No No
Japan (SFC Authorised) No No
Singapore (MAS Authorised) Yes No
Switzerland (FINMA Authorised) No No
United Kingdom (U.K.) (FCA Authorised) Yes No
USA (CFTC Authorized) No No
New Zealand (FMA Authorised) Yes No
Tier-2 Licenses (Average Trust)CMC MarketsFXPrimus
China (CBRC Authorised) No No
Cyprus (CySEC Authorised) No Yes
India (SEBI Authorised) No No
Israel (ISA Authorised) No No
Russia (CBR Authorised) No No
South Africa (FSCA Authorised) No No
Thailand (SEC Authorised) No No
UAE (DFSA/Central Bank Authorised) Yes No
Tier-3 Licenses (Low Trust)CMC MarketsFXPrimus
Bahamas (SCB Authorised) No No
Belize (FSC Authorised) No No
Cayman Islands (CIMA Authorised) No No
Bermuda (BMA Authorised) No No
British Virgin Islands (FSC Authorised) No No
Mauritius (FSC Authorised) No No
Vanuatu (VFSC Authorised) No Yes
InvestmentsCMC MarketsFXPrimus
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 12377 140
Forex Pairs (Total) 158 42
U.S. Stock Trading (Non CFD) Yes No
Int'l Stock Trading (Non CFD) Yes No
Social Trading / Copy Trading Yes Yes
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
CostCMC MarketsFXPrimus
Average Spread EUR/USD - Standard 0.51 info N/A info
All-in Cost EUR/USD - Active 0.51 info N/A info
Active Trader or VIP Discounts Yes No
Execution: Agency Broker No No
Execution: Market Maker Yes Yes
FundingCMC MarketsFXPrimus
Minimum Deposit $0 $100
PayPal (Deposit/Withdraw) Yes No
Skrill (Deposit/Withdraw) No Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsCMC MarketsFXPrimus
Proprietary Platform Yes No
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
Social Trading / Copy Trading Yes Yes
MetaTrader 4 (MT4) Yes Yes
MetaTrader 5 (MT5) No Yes
cTrader No Yes
DupliTrade No No
ZuluTrade No No
Trading ToolsCMC MarketsFXPrimus
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 9 7
Charting - Indicators / Studies (Total) 84 30
Charting - Drawing Tools (Total) 40 15
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile TradingCMC MarketsFXPrimus
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing Yes No
Mobile Charting - Indicators / Studies 29 30
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave Yes Yes
Forex Calendar Yes Yes
ResearchCMC MarketsFXPrimus
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes No
Autochartist Yes No
Trading Central (Recognia) Yes No
Social Sentiment - Currency Pairs Yes No
Economic Calendar Yes Yes
EducationCMC MarketsFXPrimus
Education (Forex or CFDs) Yes Yes
Client Webinars Yes Yes
Client Webinars (Archived) Yes Yes
Videos - Beginner Trading Videos Yes No
Videos - Advanced Trading Videos Yes No
Investor Dictionary (Glossary) Yes No
Major Forex PairsCMC MarketsFXPrimus
GBP/USD Yes Yes
USD/JPY Yes Yes
EUR/USD Yes Yes
USD/CHF Yes Yes
USD/CAD Yes Yes
NZD/USD Yes Yes
AUD/USD Yes Yes
Review CMC Markets Review
OverallCMC MarketsFXPrimus
Overall Rating 5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Offering of Investments 5/5 Stars 3.5/5 Stars
Platform & Tools 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 3/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score 99 69
Winner check_circle
Review CMC Markets Review
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CMC Markets vs FXPrimus Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare CMC Markets vs FXPrimus.

Does CMC Markets or FXPrimus offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, CMC Markets offers better pricing overall for traders.

Is CMC Markets or FXPrimus safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. CMC Markets holds 5 global Tier-1 licenses, while FXPrimus holds 0. Both CMC Markets and FXPrimus hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, CMC Markets earned a higher Trust Score than FXPrimus.

Which trading platform is better: CMC Markets or FXPrimus?

To compare the trading platforms of both CMC Markets and FXPrimus, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, CMC Markets offers a better experience. With research, CMC Markets offers superior market research. Finally, we found CMC Markets to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both CMC Markets and FXPrimus offer MetaTrader 4 (MT4).CMC Markets and FXPrimus both offer copy trading.

How many forex pairs and CFDs are available to trade?

CMC Markets provides traders 158 currency pairs (e.g., EUR/USD) compared to FXPrimus's 42 available pairs. Forex pairs aside, CMC Markets offers traders access to 12377 CFDs while FXPrimus has 140 available CFDs, a difference of 12237.

Can I trust CMC Markets?

CMC Markets is publicly traded, does not operate a bank, and is authorised by five tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). CMC Markets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Investment Industry Regulatory Organization of Canada (IIROC), Monetary Authority of Singapore (MAS), Financial Markets Authority (FMA), and the Financial Conduct Authority (FCA).

Can I trust FXPrimus?

FXPrimus is not publicly traded, does not operate a bank, and is authorised by zero tier-1 regulators (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust).

Is CMC Markets good?

CMC Markets is well-trusted across the globe, and delivers a terrific trading experience thanks to its excellent pricing and selection of over 12,000 tradeable instruments.

Is FXPrimus good?

FX Primus is primarily regulated in Cyprus, offering the MetaTrader and cTrader platforms, and also has an off-shore entity in Vanuatu for clients outside of the EU. The main downside besides it's lack of additional top-tier licenses, is that FX Primus only offers 140 symbols, putting it at a disadvantage compared to the best forex brokers.

Overall winner: CMC Markets

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We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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