Written by ForexBrokers.com
In this head to head comparison of iFOREX 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.
When it comes to online trading, both iFOREX and FXPrimus offer investors alternatives worth considering, yet they come with differing regulatory profiles. Established in 1996, iFOREX has built its presence over the decades. Meanwhile, FXPrimus made its debut in 2009. Neither of these brokers is publicly traded or operates as a bank, giving them more niche, private ownership structures. Importantly, both are equal in holding a Tier-1 license, which is regarded as highly trusted by ForexBrokers.com.
In terms of overall trust based on ratings from ForexBrokers.com, iFOREX and FXPrimus score closely. iFOREX has a Trust Score rating of 75, positioning it in the average risk category. FXPrimus, slightly behind with a rating of 71, also falls into the same average risk group. Neither brokerage holds any Tier-2 licenses, which would contribute to a more trusted label. Therefore, those seeking stability in a platform should take these ratings and licenses into account when choosing between these two well-established brokers.
| Feature |
iFOREX
|
FXPrimus
|
|---|---|---|
| Year Founded | 1996 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing online brokers iFOREX and FXPrimus in terms of commissions and fees, there are notable differences in their ratings and rankings. iFOREX, with a 3-star rating for its commissions and fees, ranks 61 out of 63 brokers according to ForexBrokers.com. This suggests that their fees may not be as competitive as other options in the market.
In contrast, FXPrimus holds a higher 4-star rating for its commissions and fees, placing it at 42 out of 63 brokers in the same category. This indicates that FXPrimus offers more favorable pricing compared to iFOREX, which could be an important factor for traders looking to minimize costs.
| Feature |
iFOREX
|
FXPrimus
|
|---|---|---|
| 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 | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | 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 comparing the range of investments between iFOREX and FXPrimus, both platforms offer forex trading through CFDs or spot contracts. However, iFOREX provides access to a larger selection of 750 tradeable symbols and 88 forex pairs in contrast to FXPrimus, which offers 140 tradeable symbols and 42 forex pairs. Neither broker allows for investing directly in exchange-traded securities on U.S. or international exchanges. In terms of cryptocurrency offerings, both brokers allow trading in cryptocurrency derivatives rather than actual cryptocurrencies, with no option for purchasing delivered digital coins.
FXPrimus distinguishes itself with a copy trading feature, a service not available at iFOREX. Despite both receiving a 3.5-star rating for their range of investments, different rankings on ForexBrokers.com highlight their variance in standing. iFOREX is ranked #41 out of 63 brokers, while FXPrimus is positioned significantly lower at #59. As such, iFOREX may appeal more to those seeking a broader range of tradeable symbols, while FXPrimus could attract those interested in utilizing copy trading for their investment strategy.
| Feature |
iFOREX
|
FXPrimus
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 750 | 140 |
| Forex Pairs (Total) | 88 | 42 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | No | 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). | 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 the trading platforms and tools of iFOREX with FXPrimus, various key differences emerge for traders of all levels. FXPrimus offers a more extensive range of platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), alongside their proprietary platform and a Windows-based desktop option. In contrast, iFOREX only provides a proprietary web-based platform without a Windows download, creating a less versatile experience for users who prefer desktop solutions. A crucial advantage for FXPrimus is the availability of a free virtual demo account, which iFOREX does not offer, allowing new traders to practice and adapt to market conditions without financial risk.
Both brokers deliver strong web-based trading experiences, and iFOREX and FXPrimus facilitate direct trading from stock charts. When it comes to advanced tools like drawing capabilities, iFOREX leads with 25 options compared to FXPrimus's 15, and iFOREX also provides a slightly richer watch list feature with nine columns over FXPrimus's seven. Despite these differences, both platforms are rated four stars out of five for their trading tools and platforms, suggesting a quality experience regardless of the choice. However, for traders focused on rankings, FXPrimus stands slightly ahead at the 49th position compared to iFOREX's 54th, according to ForexBrokers.com.
| Feature |
iFOREX
|
FXPrimus
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 57 | 30 |
| Charting - Drawing Tools (Total) | 25 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 9 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both iFOREX and FXPrimus offer mobile trading apps that are compatible with iPhone and Android devices, providing traders with flexible options for trading on the go. While both trading platforms have received a mobile app rating of four out of five stars, they exhibit notable differences in their feature offerings. FXPrimus takes the lead in functionality, providing features like stock and forex price alerts and a comprehensive charting experience with up to 30 technical studies. Users on FXPrimus can also draw trendlines, view charts across multiple time frames, and benefit from auto-saving drawings, offering a more extensive toolkit for technical analysis compared to iFOREX.
In terms of watchlist capabilities, neither platform offers watchlist symbol syncing between the mobile app and the online account. However, FXPrimus allows users to create watchlists with real-time quotes, a feature that is absent in iFOREX. These added functionalities likely contribute to FXPrimus's slightly better ranking of #48 compared to iFOREX's position at #55 among 63 broker evaluations conducted by ForexBrokers.com. Overall, for traders who prioritize advanced charting and alert features, FXPrimus may be a more appealing choice.
| Feature |
iFOREX
|
FXPrimus
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | No | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | No | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing iFOREX and FXPrimus, both online brokers provide daily market commentary, helping traders stay informed about market movements and trends. Nonetheless, neither iFOREX nor FXPrimus offers forex news from high-profile sources like Bloomberg, Reuters, or Dow Jones. While both platforms fall short in this regard, iFOREX stands out by providing technical analysis tools from Trading Central, enhancing its research capabilities, whereas FXPrimus does not offer this resource.
In terms of additional tools, iFOREX presents a sentiment-based trading tool that reveals the ratio of long or short positions across different financial instruments, offering valuable insights to traders. FXPrimus does not feature this sentiment-based insight. Both brokers include an economic calendar to track important global economic events. Based on these offerings, iFOREX holds a slightly higher research rating of 3.5 stars compared to FXPrimus's 3 stars and is ranked #48 out of 63 brokers in the Research category by ForexBrokers.com, ahead of FXPrimus, which is ranked #58.
| Feature |
iFOREX
|
FXPrimus
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | 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, FXPrimus stands out by offering over ten pieces of educational material focused on forex or CFDs, such as articles, videos, and archived webinars. Additionally, FXPrimus hosts monthly online webinars, providing a consistent avenue for learning and interaction. Beginners seeking an organized library of previously recorded sessions will find a searchable archive available. In comparison, iFOREX does not match FXPrimus in terms of quantity and variety of educational offerings. iFOREX falls short by not providing a substantial collection of resources focused specifically on forex or CFDs education.
Interestingly, iFOREX excels in providing beginner educational videos, offering at least ten that cover trading topics tailored for those just starting. This is an area where FXPrimus lags behind. However, both brokers do not offer a dictionary with investing terms or advanced educational videos beyond the beginner level. When rated for education, iFOREX slightly outshines FXPrimus with a score of 3.5 out of 5 stars, compared to FXPrimus's 3 stars. According to ForexBrokers.com, iFOREX ranks 53rd out of 63 in the education category, while FXPrimus holds a slightly higher position at 51st.
| Feature |
iFOREX
|
FXPrimus
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that iFOREX is better than FXPrimus. iFOREX finished with an overall rank of #52, while FXPrimus finished with an overall rank of #53.
iFOREX is operated by a long-standing company, previously known as Vestle, with regulatory status in a growing number of jurisdictions, offering forex and CFDs through its proprietary platform. The biggest drawback is the lack of markets you can trade with fewer than 200, compared to the best multi asset forex and CFD brokers.
| Feature |
iFOREX
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FXPrimus
|
|---|---|---|
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| Trust Score | 75 | 71 |
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Both iFOREX and FXPrimus provide the option to trade cryptocurrency derivatives, but neither platform offers the ability to purchase actual delivered cryptocurrencies.
While neither iFOREX nor FXPrimus supports ACH or SEPA transfers for depositing or withdrawing funds, iFOREX distinguishes itself by accepting PayPal alongside Skrill, Visa, Mastercard, and bank wire options, whereas FXPrimus supports Skrill, Visa, Mastercard, and bank wire transactions but not PayPal.
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 | iFOREX | FXPrimus | |
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| Trust Score | 75 | 71 | |
| Winner | check_circle | ||
| Review |
| Broker Screenshots | iFOREX | FXPrimus | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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| Regulation | iFOREX | FXPrimus | |
|---|---|---|---|
| Trust Score | 75 | 71 | |
| Year Founded | 1996 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | iFOREX | 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) | Yes | No | |
| 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) | iFOREX | FXPrimus | |
|---|---|---|---|
| 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 | iFOREX | FXPrimus | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 750 | 140 | |
| Forex Pairs (Total) | 88 | 42 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | No | 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). | 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 | iFOREX | FXPrimus | |
|---|---|---|---|
| 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 | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | iFOREX | FXPrimus | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | 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 | iFOREX | FXPrimus | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | iFOREX | FXPrimus | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | 9 | 7 | |
| Charting - Indicators / Studies (Total) | 57 | 30 | |
| Charting - Drawing Tools (Total) | 25 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | No | Yes |
| Mobile Trading | iFOREX | FXPrimus | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | No | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | N/A | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | No | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | iFOREX | FXPrimus | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | iFOREX | FXPrimus | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | iFOREX | 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 | iFOREX | FXPrimus | |
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| Trust Score | 75 | 71 | |
| Winner | check_circle | ||
| Review |
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