Written by ForexBrokers.com
In this head to head comparison of FXPrimus vs FXOpen, 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.
Founded in 2009, FXPrimus offers online trading services but is not listed on any stock exchange, nor is it a bank. It holds one Tier-1 license, indicating a level of high trust and mainstream credibility. Despite this, FXPrimus's Trust Score rating from ForexBrokers.com is 71 out of 99, placing it in the average risk category for traders seeking a reliable online broker.
FXOpen, established in 2003, also operates as a private entity and is not a banking institution. This broker holds two Tier-1 licenses, suggesting a strong standing in terms of trust. With a Trust Score rating of 76 from ForexBrokers.com, FXOpen is viewed as having a slightly lower risk than FXPrimus, making it a trusted choice for those evaluating online trading platforms.
| Feature |
FXPrimus
|
FXOpen
|
|---|---|---|
| Year Founded | 2009 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing online brokers FXPrimus and FXOpen in terms of commissions and fees, both platforms stand out with a rating of four stars out of five, indicating a high level of satisfaction among users in this category. Even though specific average spread data is not available for either broker, their competitive fee structures offer significant value to traders looking to maximize their investment returns.
FXPrimus is ranked #42 out of 63 brokers by ForexBrokers.com in the Commissions and Fees category. This relatively strong ranking reflects FXPrimus' dedication to providing its clients with a cost-effective trading experience. Users of FXPrimus can expect reasonable trading costs, which can contribute to better profit retention.
Similarly, FXOpen is ranked #44 out of 63 brokers, indicating strong performance in managing trading costs, although slightly lower than FXPrimus. Despite the close competition, FXOpen remains a popular choice among traders for its fair and transparent fee structures, ensuring a positive trading experience without undue financial burden.
| Feature |
FXPrimus
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | 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.
FXPrimus and FXOpen both offer opportunities to trade forex through CFDs or spot contracts, but there are some differences in the range of investments they provide. FXPrimus stands out with a wider array of tradeable symbols, offering 140 compared to FXOpen's 87. When it comes to forex pairs, FXPrimus again takes the lead with 42 available pairs, while FXOpen offers 25. Neither broker provides options for trading exchange-traded securities on U.S. or international exchanges, so you won’t be able to purchase traditional stocks like Apple or Vodafone directly through them. However, both allow for copy trading and offer cryptocurrency derivatives, even though purchasing actual cryptocurrencies isn’t an option.
In terms of ratings, FXPrimus earns a slightly better score, garnering 3.5 stars out of 5 for its range of investments, while FXOpen trails with 3 stars. According to ForexBrokers.com, FXPrimus is ranked at 59 out of 63 brokers in the Range of Investments category, while FXOpen is positioned at 62. This comparison highlights that although both brokers have similar offerings in some areas, FXPrimus provides a broader selection of tradeable assets, which may cater better to investors looking for more variety.
| Feature |
FXPrimus
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 140 | 87 |
| Forex Pairs (Total) | 42 | 25 |
| 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing FXPrimus and FXOpen for their trading platforms and tools, both brokers provide a wide range of options suitable for various traders. FXPrimus stands out with its proprietary platform, offering users an exclusive in-house developed experience, alongside popular platforms like MetaTrader 4 and 5. FXOpen, while lacking a proprietary option, compensates by supporting these same industry-standard MetaTrader platforms. Both brokers excel in offering a variety of features, including Windows-based desktop and web-based trading platforms, which cater to different levels of trader expertise. They also let traders test strategies with free virtual demo accounts and facilitate trades directly from stock charts.
Both FXPrimus and FXOpen are equipped with 15 drawing tools for charting and share an identical structure for watch list columns, providing a comprehensive toolkit for chart analysis and trade tracking. While FXPrimus does not support ZuluTrade, FXOpen includes it as part of its offerings, giving FXOpen an edge for those interested in social and copy trading. Despite minor differences, they both achieve a consistent 4-star rating for their trading platforms and tools category. However, ForexBrokers.com ranks FXPrimus slightly higher at #49 compared to FXOpen's #53 out of 63 brokers, offering a slight edge to FXPrimus in terms of overall platform and tools evaluation.
| Feature |
FXPrimus
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| 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) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
For traders seeking mobile convenience, both FXPrimus and FXOpen provide reliable iPhone and Android apps that support key features necessary for on-the-go trading. Each platform offers tools like stock and forex price alerts, the ability to draw trendlines on charts, and access to a variety of technical studies, with both apps boasting 30 different indicators. Additionally, traders can view multiple time frames on charts, covering daily, weekly, and intraday options, a crucial capability for tracking market movements. Both brokers also ensure that users can create watchlists with real-time quotes, although they do not support syncing watchlists with the online account, which means any changes made in the app won't reflect elsewhere automatically.
One notable distinction between FXPrimus and FXOpen is the ability to auto-save drawings on charts; FXPrimus offers this functionality, whereas FXOpen does not, potentially giving FXPrimus a slight edge for traders who rely heavily on chart annotations. When it comes to overall mobile app ratings, both brokers receive a commendable 4 out of 5 stars, indicating a similar level of user satisfaction. However, in ForexBrokers.com's ranking for mobile trading apps, FXPrimus is slightly ahead, positioned at #48 compared to FXOpen's #54. This suggests FXPrimus might be a slightly more popular choice among traders when it comes to their mobile trading app offerings.
| Feature |
FXPrimus
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing FXPrimus and FXOpen for market research capabilities, both brokers provide daily market commentary and feature economic calendars that detail global news events, helping traders stay informed about market trends. However, FXOpen stands out by also offering forex news from prestigious sources like Bloomberg and Reuters, which can be particularly beneficial for traders seeking varied and in-depth news coverage. Neither broker currently provides advanced research tools from companies like Autochartist or Trading Central, and both lack sentiment-based trading tools or market research from TipRanks and Acuity Trading.
In terms of research ratings, FXPrimus and FXOpen both receive a modest three out of five stars. While they both rank lower in the research category according to ForexBrokers.com, with FXPrimus positioned at #58 and FXOpen at #63 out of 63 brokers, FXOpen's access to top-tier forex news could give it a slight edge for those who value high-quality information sources. Ultimately, the decision may come down to how crucial premium news access is to your trading strategy.
| Feature |
FXPrimus
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, FXPrimus and FXOpen each have their own strengths and weaknesses. FXPrimus stands out by providing a comprehensive collection of educational materials with no fewer than ten articles or videos focused on forex or CFDs. They also offer regular client webinars every month and maintain a searchable archive of past webinars, making it easier for beginners to gain insights at their own pace. However, FXPrimus falls short in offering specific video content tailored to novice or advanced traders and does not include an investor dictionary with key trading terms.
On the other hand, FXOpen lacks the foundational ten educational pieces centered on forex or CFDs. Moreover, they do not offer regular webinars or an archive of past online sessions. One area where FXOpen does shine is in the inclusion of an investor dictionary with definitions for over fifty investing terms, which can be an invaluable resource for new traders. Despite these differences, both brokers are rated three stars for their educational offerings. FXPrimus ranks slightly higher, coming in at 51st out of 63 brokers, while FXOpen places at 58th in the education category according to ForexBrokers.com.
| Feature |
FXPrimus
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | No | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that FXPrimus is better than FXOpen. FXPrimus finished with an overall rank of #53, while FXOpen finished with an overall rank of #54.
FXPRIMUS 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 its lack of additional top-tier licenses, is that FXPRIMUS only offers 140 symbols, putting it at a disadvantage compared to the best forex brokers.
| Feature |
FXPrimus
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FXOpen
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 76 |
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Both FXPrimus and FXOpen do not offer the ability to buy actual delivered cryptocurrency, but they do provide the option to trade cryptocurrency derivatives.
FXPrimus and FXOpen both offer Skrill, Visa, Mastercard, and bank wires for depositing and withdrawing account funds, but neither broker provides ACH, SEPA, or PayPal as options.
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 | FXPrimus | FXOpen | |
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| Trust Score | 71 | 76 | |
| Winner | check_circle | ||
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| Broker Screenshots | FXPrimus | FXOpen | |
|---|---|---|---|
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| Regulation | FXPrimus | FXOpen | |
|---|---|---|---|
| Trust Score | 71 | 76 | |
| Year Founded | 2009 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 1 | 2 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | FXPrimus | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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 | Yes | |
| 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) | FXPrimus | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FXPrimus | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 140 | 87 | |
| Forex Pairs (Total) | 42 | 25 | |
| 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). |
| Cost | FXPrimus | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FXPrimus | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| PayPal (Deposit/Withdraw) | No | 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 | FXPrimus | FXOpen | |
|---|---|---|---|
| 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) | Yes | Yes | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | FXPrimus | FXOpen | |
|---|---|---|---|
| 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) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FXPrimus | FXOpen | |
|---|---|---|---|
| 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 | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FXPrimus | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | FXPrimus | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | No | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | FXPrimus | FXOpen | |
|---|---|---|---|
| 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 | |
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| Overall | FXPrimus | FXOpen | |
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| Trust Score | 71 | 76 | |
| Winner | check_circle | ||
| Review |
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