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 the commissions and fees between online brokers FXPrimus and FXOpen, both platforms offer competitive pricing options, but there are distinct differences in their ratings and rankings. FXPrimus receives a commendable 4-star rating for its commissions and fees. In the broader context, FXPrimus is ranked 42nd out of 62 brokers by ForexBrokers.com in the Commissions and Fees category, reflecting its solid standing among its peers, despite the unavailability of average spread data.
Similarly, FXOpen also boasts a 4-star rating for its commissions and fees, highlighting that it is equally competitive in this regard. However, when ranked by ForexBrokers.com, FXOpen is positioned slightly lower at 45th out of 62 brokers, which might indicate slight differences in specific fee structures or additional services when compared to FXPrimus. As with FXPrimus, average spread data for FXOpen is not accessible, making direct comparisons based on spreads challenging.
In summary, both FXPrimus and FXOpen offer attractive and fair commission structures that are well-regarded in the trading community. With both brokers achieving a 4-star rating, prospective traders should consider their specific needs, additional fees, and the overall service quality when choosing between these two options. The rankings, however, slightly favor FXPrimus, suggesting it may have a minor edge in terms of overall perceived value in the commissions and fees category.
| 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.
When evaluating the range of investments offered by FXPrimus and FXOpen, there are some noticeable differences. FXPrimus provides a greater variety of tradeable symbols, offering a total of 140, compared to FXOpen's 87. In terms of forex pairs, FXPrimus again offers more options with 42 pairs available, while FXOpen offers 25. Both brokers facilitate forex trading through contracts for difference (CFDs) and spot contracts. Additionally, neither FXPrimus nor FXOpen allows clients to trade exchange-traded securities from U.S. or international exchanges, such as Apple or Vodafone shares. However, both platforms support copy trading and enable trading in cryptocurrency derivatives, though they do not offer the option to buy actual cryptocurrencies.
When it comes to ratings, FXPrimus has a slight edge, receiving 3.5 stars out of five for its range of investments, whereas FXOpen earns 3 stars. According to ForexBrokers.com, FXPrimus ranks #59 out of 62 brokers in the Range of Investments category, slightly ahead of FXOpen, which ranks #61. Overall, FXPrimus presents a broader selection of tradeable assets, while both brokers share several common features and restrictions in the types of investments they offer.
| 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.
FXPrimus and FXOpen both offer a wide range of features for traders to take advantage of. Both brokers provide access to simulated trading through free virtual demo accounts, which are perfect for beginners looking to practice without risk. While FXPrimus has developed its own proprietary trading platform, allowing for possibly a more customized trading experience, FXOpen relies on established trading platforms like MetaTrader 4 and MetaTrader 5, both of which are also available through FXPrimus. Both brokers cater to diverse needs by offering Windows-based desktop download platforms and web-based trading options, ensuring flexibility in how traders can access the markets. Moreover, they both support copy trading, although only FXOpen integrates ZuluTrade for additional social trading capabilities.
In terms of charting and usability, FXPrimus and FXOpen are quite comparable, offering 15 drawing tools and the ability to trade directly from the charts. Their watch lists are equally robust, featuring seven fields for customization, which helps traders stay organized. While both brokers are rated four stars for their trading platforms and tools, FXPrimus slightly edges out FXOpen in rankings, holding the 49th spot compared to FXOpen's 53rd position according to ForexBrokers.com. This suggests that although both brokers provide similar trading environments, minor distinctions like proprietary platforms could impact users' preferences.
| 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.
Both FXPrimus and FXOpen offer comprehensive mobile apps for iPhone and Android, providing users with the convenience of trading on the go. These apps include stock and forex price alerts, giving traders timely updates about market movements. Both platforms allow users to draw trend lines and view multiple time frames on charts, contributing to a versatile trading experience.
While each app offers 30 technical studies for charting and the ability to create watchlists with real-time quotes, they do have differences. FXPrimus supports auto-saving of chart drawings, a feature missing from the FXOpen app. However, neither platform offers watchlist symbol syncing between the mobile app and online accounts. Both apps have earned a solid 4-star rating for mobile trading, but FXPrimus ranks slightly higher at #48 compared to FXOpen's #54, according to ForexBrokers.com.
| 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.
FXPrimus and FXOpen both provide daily market commentary, offering traders valuable insights to stay informed. While FXOpen stands out by delivering forex news from prestigious sources like Bloomberg and Reuters, FXPrimus lacks this feature, giving FXOpen an edge for traders seeking comprehensive news coverage. However, when it comes to specialized research tools, both brokers fall short. Neither FXPrimus nor FXOpen offer tools from Autochartist or Trading Central, nor do they provide sentiment-based trading tools or insights from TipRanks and Acuity Trading. Despite these limitations, each broker does offer an economic calendar to help traders keep track of important global events.
In terms of research quality, both FXPrimus and FXOpen receive a 3-star rating. Their offerings are similar in scope, but in a broader comparison among 62 brokers, FXPrimus ranks slightly higher, coming in at 58th place compared to FXOpen at 62nd according to ForexBrokers.com. This ranking suggests that while both brokers provide some market research resources, there is room for improvement, particularly in expanding their range of analytical tools and news sources.
| 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 comparing educational resources for beginners between FXPrimus and FXOpen, FXPrimus stands out with a wider array of offerings. FXPrimus provides a variety of educational content, including at least 10 pieces focused on forex or CFDs through formats like articles, videos, and archived webinars. Additionally, FXPrimus hosts regular monthly webinars, which are complemented by a searchable archive of past sessions. However, both FXPrimus and FXOpen lack a substantial collection of beginner-focused videos as well as advanced educational content for more experienced traders.
While FXOpen doesn't offer as many resources tailored to beginners, it does include an investor dictionary with definitions for over 50 investing terms, a tool that FXPrimus doesn’t provide. Despite their differences, both brokers receive a similar educational rating of three out of five stars. Among 62 brokers ranked for educational offerings, FXPrimus is placed at #51, slightly ahead of FXOpen, which holds the #58 spot. This comparison highlights the strengths of FXPrimus in providing diverse educational materials against FXOpen's focused toolset.
| 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 62 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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