Written by ForexBrokers.com
In this head to head comparison of IFC 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.
IFC Markets and FXPrimus are both prominent online brokers, founded in 2006 and 2009, respectively. Neither of the brokers is publicly traded or functions as a bank, which is a common profile among many online trading platforms. Looking at their regulatory standings, IFC Markets holds one Tier-2 license, which indicates a generally trusted status, and it has a Trust Score of 73, reflecting an average risk level. On the other hand, FXPrimus has secured one Tier-1 license, signifying a highly trusted status despite its overall lower Trust Score of 71, categorizing them also within the average risk bracket.
For traders focused on the balance between regulatory trust and exposure, it’s important to note that IFC Markets and FXPrimus offer distinctly different regulatory standings. FXPrimus's Tier-1 license might appeal to those who prioritize top-tier regulatory oversight, while IFC Markets’ Tier-2 licenses represent a stable middle-ground option. Both brokers are considered average risks by ForexBrokers.com, making them viable options depending on individual preferences concerning regulation and trust.
| Feature |
IFC Markets
|
FXPrimus
|
|---|---|---|
| Year Founded | 2006 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 0 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the commissions and fees of IFC Markets and FXPrimus, both brokers receive a 4-star rating. However, IFC Markets ranks slightly better at #39 out of 63 brokers, while FXPrimus is placed at #42 according to ForexBrokers.com. Though the average spread for EUR/USD at IFC Markets is 1.44, which is above the industry standard of 1.08, active traders might find better value with their new ECN account offering spreads at 1.1 pips after factoring in a 0.005% commission on each trade side. Additionally, IFC Markets provides financial advantages such as the absence of inactivity fees and discounts for active traders.
In contrast, FXPrimus does not provide average spread data, making direct comparisons challenging. Nevertheless, both brokers share a similar standing in terms of ratings and rankings for their commission structures. This information might serve as a useful guide when considering brokerage options between IFC Markets and FXPrimus.
| Feature |
IFC Markets
|
FXPrimus
|
|---|---|---|
| Minimum Deposit | $1 | $100 |
| Average Spread EUR/USD - Standard | 1.44 | N/A |
| All-in Cost EUR/USD - Active | 1.1 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing IFC Markets and FXPrimus for available investment options, both brokers offer forex trading as either a CFD or spot contract. IFC Markets stands out with a broader selection of tradeable symbols, offering 630, compared to FXPrimus's 140. Additionally, IFC Markets provides more forex pairs with 49 available, against FXPrimus's 42. While neither broker offers exchange-traded securities on U.S. exchanges, IFC Markets does provide access to international exchanges, allowing clients to buy shares like Vodafone from the London Stock Exchange. In contrast, FXPrimus does not offer such access. Both brokers support copy trading and cryptocurrency derivatives, but not actual cryptocurrency purchases.
In terms of ratings for their range of investments, both IFC Markets and FXPrimus receive 3.5 stars. However, when ranked by ForexBrokers.com, IFC Markets holds a higher position, coming in at #43 out of 63 brokers, while FXPrimus ranks at #59. This ranking suggests that while both brokers provide a similar quality of investment choices, IFC Markets offers a slightly more comprehensive range that may appeal to traders interested in a wider array of investment opportunities, particularly in international exchanges.
| Feature |
IFC Markets
|
FXPrimus
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 630 | 140 |
| Forex Pairs (Total) | 49 | 42 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | 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 you look at IFC Markets and FXPrimus, both brokers provide a range of practical tools for online trading. They each offer proprietary platforms developed in-house, along with other popular platforms like MetaTrader 4 and 5. Both brokers support simulated trading with free virtual demo accounts, ensuring newcomers can practice without risk. Traders can also access Windows-based desktop applications and web-based platforms, making it easy to trade on the go. In terms of charting tools, both offer the ability to trade directly from charts and provide 15 drawing tools, though the specific number of technical indicators remains unspecified. Moreover, both brokers offer seven columns for customizing watch lists.
Despite similarities, their ranks differ slightly with IFC Markets ranking 36th and FXPrimus ranking 49th out of 63 brokers for trading platforms and tools according to ForexBrokers.com. Both have been rated four stars in this category, making them reliable choices for traders seeking comprehensive tools and platform accessibility. Although neither broker supports DupliTrade or ZuluTrade, they each include copy trading features, giving traders the opportunity to emulate successful strategies.
| Feature |
IFC 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) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
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IFC Markets and FXPrimus both offer mobile trading apps that are compatible with iPhone and Android devices, catering to traders who are constantly on the go. These platforms allow users to set stock or forex price alerts, ensuring they never miss significant market movements. While both brokers offer this feature, along with the capability to create watchlists with real-time quotes, IFC Markets holds an advantage in watchlist management. IFC Markets allows watchlist symbol syncing across its mobile app and online account, a feature FXPrimus lacks. This means IFC Markets users can seamlessly transition between platforms without losing their custom setups.
When it comes to charting capabilities, both IFC Markets and FXPrimus are on par, providing 30 technical studies alongside features like trendline drawing and multiple time frame views. The apps also auto-save chart drawings, ensuring that important technical analyses are preserved. Both apps hold a commendable 4-star rating in user reviews for mobile trading. However, in the ForexBrokers.com ranking, FXPrimus is slightly ahead, sitting at #48 out of 63 brokers, while IFC Markets is ranked at #52. Despite this, both platforms provide traders with a reliable mobile experience to manage their investments effectively.
| Feature |
IFC Markets
|
FXPrimus
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | 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 | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of IFC Markets and FXPrimus, both brokers provide daily market commentary and an economic calendar to help traders stay informed. However, neither platform includes forex news from top-tier sources such as Bloomberg or Reuters, nor do they offer technical analysis tools from renowned companies like Autochartist or Trading Central. This might limit the ability for traders seeking advanced tools for analyzing market trends.
Additionally, IFC Markets stands out with its sentiment-based trading tool that provides insights into the ratio of long and short positions across various instruments, a feature that FXPrimus lacks. In terms of ratings, IFC Markets scores a 3.5 out of 5 stars for research, ranking it 40th among 63 brokers according to ForexBrokers.com. FXPrimus, on the other hand, earns 3 stars and ranks 58th, suggesting that IFC Markets offers a slight edge in their research capabilities despite both brokers missing some advanced features.
| Feature |
IFC Markets
|
FXPrimus
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | 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.
When it comes to educational resources for beginners, both IFC Markets and FXPrimus provide a solid foundation with more than ten articles, videos, and other content focused on forex or CFDs. However, their offerings differ when you dive deeper. IFC Markets stands out with comprehensive educational videos for both novice and advanced traders and provides an extensive investor dictionary that explains over 50 trading terms. While they shine in these areas, IFC Markets does not offer live webinars or a library of past sessions, which limits real-time interaction and access to previous discussions.
On the other hand, FXPrimus excels in providing monthly educational webinars and a searchable archive of previous sessions, making it easier for beginners to engage and learn at their own pace. However, they fall behind IFC Markets when it comes to beginner and advanced video tutorials, as well as lacking an extensive investor dictionary. Overall, IFC Markets ranks higher in educational resources with a rating of 3.5 stars and a position of #30 among 63 brokers, while FXPrimus has a 3-star rating and ranks #51, indicating that both have strengths and areas for improvement, but IFC Markets has a slight edge in catering to both entry-level and experienced investors.
| Feature |
IFC Markets
|
FXPrimus
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | No | 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 IFC Markets is better than FXPrimus. IFC Markets finished with an overall rank of #45, while FXPrimus finished with an overall rank of #53.
IFC Markets is a well-established broker that has been in operation for 17 years. Forex traders at IFC Markets gain access to multiple trading platforms, a growing range of tradeable markets, and a balanced offering of research and educational content. However, IFC Markets’ Trust Score suffers due to the broker’s limited range of regulatory licenses.
| Feature |
IFC Markets
|
FXPrimus
|
|---|---|---|
| Overall Rating |
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| Trust Score | 73 | 71 |
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Neither IFC Markets nor FXPrimus offers the ability to buy actual delivered cryptocurrency, but both platforms provide the option to purchase cryptocurrency derivatives instead.
When comparing online brokers IFC Markets and FXPrimus, neither offers ACH or SEPA transfers nor PayPal for depositing or withdrawing funds; however, while both provide options for Visa, Mastercard, and bank wire transactions, only FXPrimus supports Skrill for these financial operations.
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 | IFC Markets | FXPrimus | |
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| Trust Score | 73 | 71 | |
| Winner | check_circle | ||
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| Broker Screenshots | IFC Markets | FXPrimus | |
|---|---|---|---|
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| Regulation | IFC Markets | FXPrimus | |
|---|---|---|---|
| Trust Score | 73 | 71 | |
| Year Founded | 2006 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 0 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | IFC Markets | FXPrimus | |
|---|---|---|---|
| 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 | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | IFC 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 | IFC Markets | FXPrimus | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 630 | 140 | |
| Forex Pairs (Total) | 49 | 42 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | IFC Markets | FXPrimus | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.44 | N/A | |
| All-in Cost EUR/USD - Active | 1.1 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | IFC Markets | FXPrimus | |
|---|---|---|---|
| Minimum Deposit | $1 | $100 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | IFC 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 | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | IFC 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) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IFC Markets | FXPrimus | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | 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 | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | IFC Markets | FXPrimus | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | IFC Markets | FXPrimus | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | IFC 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 |
| Overall | IFC Markets | FXPrimus | |
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| Trust Score | 73 | 71 | |
| Winner | check_circle | ||
| Review |
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