Written by ForexBrokers.com
In this head to head comparison of FP Markets vs FXPrimus, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FP Markets and FXPrimus are both online brokers that operate without being publicly traded or functioning as banks. Founded in 2005, FP Markets carries two Tier-1 licenses and one Tier-2 license, giving it a ForexBrokers.com Trust Score of 89, classifying it as a trusted broker. In comparison, FXPrimus has been in operation since 2009 and holds one Tier-1 license, contributing to its Trust Score of 71, which places it in the average risk category.
Both brokers provide assurance through regulatory licenses, yet FP Markets offers a higher level of trust with more regulatory oversight. This makes a significant difference for traders who prioritize security and trustworthiness alongside their trading activities. When considering which broker to engage with, potential users may lean towards FP Markets for broader regulatory approval, while those with more risk tolerance might consider FXPrimus as an alternative.
| Feature |
FP Markets
|
FXPrimus
|
|---|---|---|
| Year Founded | 2005 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
FP Markets stands out as a leading choice for traders seeking competitive commission and fee structures. Known for its cost-effective ECN account offerings via MetaTrader and cTrader, FP Markets has been recognized as Best in Class for Commissions and Fees in the 2024 Annual Awards. Its Raw ECN account particularly appeals to traders with its tight spreads, averaging 0.1 pips, leading to a low all-in cost of 0.8 pips for forex trading. While its Standard account option has higher spreads, FP Markets offers flexibility through platforms like cTrader at a flat $6 commission per standard lot. Notably, FP Markets has a 5-star rating and ranks at number 6 out of 63 brokers for its commissions and fees.
However, FP Markets' more advanced Iress ViewPoint accounts cater to high-volume and high-balance traders, requiring significant minimum deposits and activity to forego extra fees. The DMA pricing through its Iress platform provides in-depth market visibility, but the fee structure may not suit those with lower trading volumes or balances. Conversely, the Iress Investor account offers a budget-friendly alternative, though it comes with some platform limitations, such as static data refresh and simplified charting functionalities.
FXPrimus, on the other hand, presents a less detailed picture in terms of available spread data, but it holds its own with a respectable 4-star rating for commissions and fees. Ranked at number 42 out of 63 brokers, FXPrimus might not match FP Markets' standout performance, yet it remains a viable option for traders who prioritize other factors beyond just cost efficiency. Ultimately, the choice between FP Markets and FXPrimus will depend on the trader's specific needs, account balance, and trading style.
| Feature |
FP Markets
|
FXPrimus
|
|---|---|---|
| Minimum Deposit | $100 AUD | $100 |
| Average Spread EUR/USD - Standard | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.7 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FP Markets and FXPrimus both offer a diverse selection of trading options, including forex trading via CFDs or spot contracts. However, FP Markets stands out with a significantly larger variety of 10,000 tradeable symbols and 71 forex pairs, as compared to FXPrimus, which provides 140 tradeable symbols and 42 forex pairs. Both brokers do not offer U.S. or international exchange-traded securities, so users looking to invest directly in stocks like Apple or Vodafone will need to look elsewhere. Additionally, both platforms allow users to engage in cryptocurrency trading through derivatives, but they do not offer the purchase of actual cryptocurrencies.
With similar offerings in copy trading capabilities, FP Markets manages to provide a more extensive range of investment opportunities, earning a rating of 4.5 stars for their range of investments, compared to FXPrimus’s 3.5 stars. In a comparison of 63 brokers by ForexBrokers.com, FP Markets is ranked higher at #18, while FXPrimus is further down the list at #59. Overall, FP Markets appears to offer a broader and more extensive selection of investment options for traders and investors looking to diversify their portfolios.
| Feature |
FP Markets
|
FXPrimus
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 140 |
| Forex Pairs (Total) | 71 | 42 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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). |
Dive deeper: Best Copy Trading Platforms.
FP Markets and FXPrimus both offer an extensive range of trading platforms and tools catered to meet the needs of traders at different levels of expertise. Both brokers provide simulated trading experiences through free virtual demo accounts, allowing users to practice and refine their strategies without financial risk. Traders will find that each broker offers access to the widely acclaimed MetaTrader 4 and 5 platforms, which are popular choices for their comprehensive technical capabilities. Both FP Markets and FXPrimus have also developed proprietary trading platforms and offer Windows-based desktop downloads and web-based browser platforms for convenient access.
Regarding platform features, both brokers support copy trading and allow trades to be executed directly from a stock chart. However, neither provides integration with DupliTrade or ZuluTrade. On a more granular level, FP Markets edges ahead slightly with 17 drawing tools compared to FXPrimus’s 15, though both brokers offer seven columns for watch lists. Despite these similarities, FP Markets is ranked higher at #23 compared to FXPrimus’s #49 in the Trading Platforms and Tools category by ForexBrokers.com, though both receive a respectable rating of four out of five stars, indicating a strong focus on providing effective trading platforms for their users.
| Feature |
FP Markets
|
FXPrimus
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 17 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of FP Markets and FXPrimus, both brokers offer comprehensive platforms for iPhone and Android users. They support essential features such as forex and stock price alerts, the ability to draw trendlines, and view multiple time frames on charts. Users of both apps can create dynamic watchlists with real-time quotes. However, neither broker provides the convenience of watchlist symbol syncing, which means any changes made to watchlists on the mobile app do not automatically appear in the online account or vice versa.
FP Markets utilizes the MetaTrader default for its charting, offering a diverse range of technical studies. In contrast, FXPrimus provides 30 technical studies within its mobile app. Both apps ensure your drawings on charts are saved automatically, adding convenience to technical analysis. Despite both apps receiving a solid four-star rating for mobile trading, FP Markets stands out with a ranking of 18th out of 63 brokers on ForexBrokers.com, compared to FXPrimus' ranking of 48th. This suggests that FP Markets might offer a slightly more appealing mobile experience overall.
| Feature |
FP Markets
|
FXPrimus
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
FP Markets and FXPrimus both offer daily market commentary and maintain economic calendars to keep traders informed about global economies. However, FP Markets distinguishes itself with a more comprehensive suite of market research tools. FP Markets provides forex news from notable sources like Bloomberg and Reuters, which is not available with FXPrimus. Furthermore, FP Markets offers advanced tools for technical analysis and fundamental research through partnerships with Autochartist and Trading Central. These tools are designed to enhance trading strategies, something FXPrimus lacks.
FP Markets also offers a sentiment-based trading tool that provides insights into the ratio of long and short positions across various instruments, which FXPrimus does not provide. Despite neither broker offering research from companies like TipRanks or Acuity Trading, FP Markets receives a higher research rating of 4 out of 5 stars compared to FXPrimus’s 3 stars. According to ForexBrokers.com, FP Markets ranks 25th out of 63 brokers in the Research category, while FXPrimus stands at 58th, reflecting the more extensive research tools and services available at FP Markets.
| Feature |
FP Markets
|
FXPrimus
|
|---|---|---|
| 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 |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
FP Markets and FXPrimus both offer a wealth of educational resources tailored for forex and CFDs enthusiasts. Both platforms provide at least ten educational materials like articles, videos, and archived webinars, serving as a valuable resource for beginners. Additionally, each broker hosts online webinars every month and maintains an accessible archive of past sessions, ensuring continuous learning for their users. However, when it comes to video content specifically tailored for beginners, FP Markets stands out by offering more than ten videos focused on introducing novice traders to the basics of trading, compared to FXPrimus, which does not meet this criterion.
For those looking to deepen their knowledge, FP Markets also delivers over ten educational videos designed for experienced traders, a resource that FXPrimus does not match. Moreover, FP Markets offers a comprehensive investor dictionary with over 50 investing terms explained, while FXPrimus lacks this feature. With these educational offerings, FP Markets is rated 4 out of 5 stars in Education and ranks 23rd out of 63 brokers according to ForexBrokers.com. In contrast, FXPrimus holds a 3-star rating and ranks 51st. This comparison highlights FP Markets’ broader range of educational resources, making it a more attractive option for beginners keen on building a strong foundation in trading.
| Feature |
FP Markets
|
FXPrimus
|
|---|---|---|
| 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 |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that FP Markets is better than FXPrimus. FP Markets finished with an overall rank of #19, while FXPrimus finished with an overall rank of #53.
FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
| Feature |
FP Markets
|
FXPrimus
|
|---|---|---|
| Overall Rating |
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| Trust Score | 89 | 71 |
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Both FP Markets and FXPrimus provide options for trading cryptocurrency derivatives, but neither platform offers the capability to purchase actual delivered cryptocurrency.
FP Markets and FXPrimus both support Skrill, Visa/Mastercard, and bank wire transfers for account transactions, but differ in that FP Markets also accepts PayPal, whereas neither offers ACH or SEPA transfers.
Please note:
We review each broker’s overall global offering – a “Yes” 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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0 of 5| Overall Rating | FP Markets | FXPrimus | |
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| Trust Score | 89 | 71 | |
| Winner | check_circle | ||
| Review | FP Markets Review |
| Broker Screenshots | FP Markets | FXPrimus | |
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| Regulation | FP Markets | FXPrimus | |
|---|---|---|---|
| Trust Score | 89 | 71 | |
| Year Founded | 2005 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | FXPrimus | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FP Markets | FXPrimus | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FP Markets | FXPrimus | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 140 | |
| Forex Pairs (Total) | 71 | 42 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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). |
| Cost | FP Markets | FXPrimus | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | 0.7 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FP Markets | FXPrimus | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $100 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | FP Markets | FXPrimus | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FP Markets | FXPrimus | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 17 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | FXPrimus | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FP Markets | FXPrimus | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | FXPrimus | |
|---|---|---|---|
| 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 Pairs | FP Markets | FXPrimus | |
|---|---|---|---|
| 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 | FP Markets Review |
| Overall | FP Markets | FXPrimus | |
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| Trust Score | 89 | 71 | |
| Winner | check_circle | ||
| Review | FP Markets Review |
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