FXPrimus vs GBE brokers 2023

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

GBE brokers 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 regulator (Average Risk), and one tier-4 regulator (High Risk). GBE brokers is authorised by the following tier-1 regulators: European Union Authorized (MiFID).

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.

GBE offers 500 tradeable symbols from its CySEC-regulated entity in Cyprus, but lacks additional regulatory licenses which hampers its Trust Score, compared to leading multi-asset brokers.

To open a forex trading account with FXPrimus, you'll need to make an initial minimum deposit of $100.

FXPrimus requires a minimum deposit of $500 before you can open an account and start trading forex.

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. FXPrimus offers Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw) for banking, whereas GBE brokers provides Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw)

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that GBE brokers offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

At ForexBrokers.com, we track over 100 international regulatory agencies to help you choose the most well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that Both FXPrimus and GBE brokers hold 1 global Tier-1 licenses. Both FXPrimus and GBE brokers hold 0 global Tier-2 licenses.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that FXPrimus and GBE brokers have earned the same Trust Score (71).

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

Here’s what trading platforms are available at FXPrimus:

• Proprietary Platform - No
• Web Platform - Yes
• cTrader - Yes
• DupliTrade - No
• MT4 - Yes
• MT5 - Yes
• ZuluTrade - No
• TradingView - No

Here’s what trading platforms are available at GBE brokers:

• Proprietary Platform - No
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - Yes
• ZuluTrade - No
• TradingView - No

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Both FXPrimus and GBE brokers offer MetaTrader 4 (MT4). Forex traders also appreciate the ability to engage in social copy trading. FXPrimus and GBE brokers both offer copy trading.

GBE brokers provides traders 71 currency pairs (e.g., EUR/USD) compared to FXPrimus's 42 available pairs. If you are interested in trading CFDs, GBE brokers offers traders access to 500 CFDs, while FXPrimus offers access to 140 CFDs; so GBE brokers offers 360 more CFDs than FXPrimus.

We found in our testing that GBE brokers offers a more diverse selection of investment options than FXPrimus, allowing you to trade Forex Trading (Spot or CFDs), Cryptocurrency (Derivative) and Social Trading / Copy Trading. Neither have Int'l Stock Trading (Non CFD), Cryptocurrency (Physical) and Spread Betting.