FXCM vs FXPrimus 2023

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, FXCM offers better pricing overall for traders.

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. FXCM holds 4 global Tier-1 licenses, while FXPrimus holds 1. FXCM holds 2 global Tier-2 licenses, while FXPrimus holds 0. In our analysis of 23 international regulators across 50 brokers, FXCM (95) earned a higher Trust Score than FXPrimus (71).

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

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

FXPrimus provides traders 42 currency pairs (e.g., EUR/USD) compared to FXCM's 41 available pairs. Forex pairs aside, FXCM offers traders access to 440 CFDs while FXPrimus has 140 available CFDs, a difference of 300.

FXCM's parent company is publicly-traded, does not operate a bank, and is authorised by four Tier-1 regulators (Highly Trusted), two Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and zero Tier-4 regulators (High Risk). FXCM is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC), Financial Conduct Authority (FCA), Canadian Investment Regulatory Organization (CIRO), and the European Union via MiFID.

FXPrimus is not publicly traded, does not operate a bank, and is authorised by one Tier-1 regulator (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). FXPrimus is regulated by the following Tier-1 regulator: European Union via MiFID

For traders who appreciate advanced trading tools and quality market research, FXCM is a winner, especially for algorithmic trading. Its range of tradeable markets is fairly narrow, however, and the pricing at FXCM is just average.

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.