Written by ForexBrokers.com
In this head to head comparison of Spreadex 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.
Founded in 1999, Spreadex and FXPrimus, established in 2009, are both online brokers that are not publicly traded and do not operate as banks. Each holds one Tier-1 license, the highest level of regulatory trust, reflecting a strong commitment to following financial guidelines and ensuring user security. With no Tier-2 licenses, both brokers maintain a streamlined focus on providing essential services with their top-tier licenses.
Both Spreadex and FXPrimus have obtained a Trust Score of 71 out of 99 from ForexBrokers.com. This rating indicates an average risk level, meaning they achieve a moderate level of trust based on their compliance and operational transparency within the industry. Despite their different founding years, both brokers present similar trust ratings due to their comparable regulatory standing.
| Feature |
Spreadex
|
FXPrimus
|
|---|---|---|
| Year Founded | 1999 | 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 | 0 | 1 |
When it comes to assessing commissions and fees, Spreadex and FXPrimus offer different experiences for traders. Spreadex boasts an average spread of 0.81 pips for the EUR/USD pair as of January 2024. Impressively, the minimum spread of 0.6 pips was achieved 60% of the time during the same month, indicating competitive pricing for frequent traders.
On the other hand, FXPrimus does not provide average spread data, making it challenging to directly compare the spread dynamics between the two brokers. Despite this lack of transparency, both brokers maintain a favorable rating of four out of five stars in the commissions and fees category, signifying their relative customer satisfaction.
In a broader industry comparison, Spreadex ranks higher than FXPrimus for commissions and fees. According to ForexBrokers.com, Spreadex holds the 27th position out of 62 brokers, while FXPrimus takes the 42nd spot. This ranking highlights Spreadex's stronger appeal when evaluating potential trading costs.
| Feature |
Spreadex
|
FXPrimus
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 0.81 | 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) | 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 Spreadex and FXPrimus, there's a noticeable difference in the scope of investments on offer. Spreadex stands out with a vast array of 10,000 tradable symbols, which outshines the 140 that FXPrimus provides. While both brokers allow forex trading with CFDs or spot contracts, Spreadex offers a slightly broader selection with 52 forex pairs compared to FXPrimus's 42. However, neither broker gives an option to invest in exchange-traded securities on U.S. or international markets, meaning traditional stock buying isn't an option for clients in these platforms.
While both brokers offer cryptocurrency derivatives, they do not facilitate purchasing actual cryptocurrencies. An edge for FXPrimus is its offering of copy trading features, appealing to those who prefer a more hands-off approach. Despite this, Spreadex earns a stronger rating for its range of investments, scoring 5 stars, while FXPrimus garners 3.5 stars. Within the ForexBrokers.com range of investments category, Spreadex ranks #13, demonstrating a broader appeal compared to FXPrimus's position at #59.
| Feature |
Spreadex
|
FXPrimus
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 140 |
| Forex Pairs (Total) | 52 | 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 exploring the trading platforms and tools of Spreadex and FXPrimus, both brokers provide unique features that cater to different trader needs. Spreadex stands out with its proprietary platform and easy access through a web-based trading platform, although it lacks a Windows-based desktop platform. FXPrimus, on the other hand, offers both a proprietary platform and a downloadable desktop platform for Windows users. Both brokers provide simulated trading with free demo accounts, allowing newcomers to hone their skills. While both have user-friendly web-based platforms, FXPrimus takes a competitive edge by offering copy trading capabilities, as well as MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.
Charting tools differ slightly between the two brokers. FXPrimus provides 15 drawing tools, surpassing Spreadex's 11. However, Spreadex compensates with its ability to let traders work with eight customizable columns in watch lists, compared to FXPrimus's seven. Both brokers enable trading directly from stock charts, offering a dynamic trading experience. In terms of ratings, both Spreadex and FXPrimus earn solid four-star ratings for their trading platforms and tools. Spreadex ranks slightly higher at #46, compared to FXPrimus at #49 among 62 brokers rated by ForexBrokers.com. In summary, whether you value the breadth of platforms and tools or specific functionalities like copy trading, your choice would depend on individual trading preferences.
| Feature |
Spreadex
|
FXPrimus
|
|---|---|---|
| Virtual Trading (Demo) | Yes | 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) | 58 | 30 |
| Charting - Drawing Tools (Total) | 11 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Spreadex and FXPrimus, both brokers offer apps for iPhone and Android devices, and they support stock or forex price alerts to keep traders informed. Although neither app provides watchlist symbol syncing with online accounts, they do feature the ability to create watchlists with real-time quotes. Spreadex and FXPrimus allow users to draw trendlines and view various time frames, including daily, weekly, and intraday on charts. However, FXPrimus stands out with 30 technical studies available in its mobile app, compared to Spreadex's unavailable data for this feature. Additionally, while FXPrimus automatically saves drawing adjustments on charts, Spreadex does not.
In terms of user satisfaction, both Spreadex and FXPrimus are rated four stars for their mobile trading apps. Despite FXPrimus's advantage in charting tools and auto-saving features, Spreadex holds a slightly better ranking at #46 compared to FXPrimus's #48 according to ForexBrokers.com out of 62 brokers evaluated in the mobile trading apps category. Traders seeking essential features with a focus on comprehensive charting tools might opt for FXPrimus, while those prioritizing a stable and equally ranked overall mobile trading experience might choose Spreadex.
| Feature |
Spreadex
|
FXPrimus
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Spreadex with FXPrimus in terms of market research offerings, Spreadex emerges as a more comprehensive option. Both platforms provide daily market commentary and maintain an economic calendar to keep traders informed of global events. However, Spreadex stands out by offering forex news from renowned sources like Bloomberg and Reuters, along with valuable tools such as technical analysis from Autochartist and a sentiment-based trading tool that displays the ratio of long or short positions. These features contribute to Spreadex’s higher research rating of 4 stars out of 5, compared to FXPrimus’s 3-star rating.
While neither Spreadex nor FXPrimus provide research tools from TipRanks, Acuity Trading, or Trading Central, the overall distinction in their research capabilities is clear. Spreadex is ranked 31st out of 62 brokers in the Research category by ForexBrokers.com, whereas FXPrimus is placed at 58th. This ranking reflects Spreadex’s edge in offering a richer variety of research tools, giving traders more in-depth insights to aid their trading decisions.
| Feature |
Spreadex
|
FXPrimus
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | 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 comparing Spreadex and FXPrimus for their educational offerings aimed at beginners, both brokers provide a respectable foundation with at least 10 educational pieces focused on forex and CFDs. However, FXPrimus stands out by offering monthly online webinars and a searchable archive of past webinars, which can be a valuable resource for interactive and in-depth learning. On the other hand, Spreadex delivers comprehensive beginner videos covering various trading topics and also provides an investor dictionary with over 50 terms, making it a solid choice for those just starting out.
While both brokers do not offer a significant number of advanced educational videos, they cater to different aspects of beginner education. Spreadex shines with a higher rating of 4 out of 5 stars in the Education category and is placed at rank #45 out of 62 brokers by ForexBrokers.com. This is slightly better than FXPrimus, which has a 3-star rating and is ranked #51. For beginners seeking a more structured video learning path and resources like a dictionary, Spreadex may be more appealing. Meanwhile, FXPrimus's ongoing webinar content may attract those looking for consistent, live interaction and learning opportunities.
| Feature |
Spreadex
|
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 | No | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Spreadex is better than FXPrimus. Spreadex finished with an overall rank of #39, while FXPrimus finished with an overall rank of #53.
Spreadex is an FCA-regulated broker in the UK, offering forex and CFDs, and is well known for its sports betting business, and proprietary web trading platforms. Spreadex still has considerable room to improve, in key categories such as research and education, compared to the best forex brokers.
| Feature |
Spreadex
|
FXPrimus
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 71 |
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Both Spreadex and FXPrimus do not offer the ability to buy actual (delivered) cryptocurrency, but they both provide the option to trade cryptocurrency derivatives.
When comparing the online brokers Spreadex and FXPrimus, neither offers ACH or SEPA transfers nor PayPal for deposits and withdrawals, but FXPrimus supports Skrill while both platforms provide Visa, Mastercard, and bank wire options for account fund transactions.
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 | Spreadex | FXPrimus | |
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| Trust Score | 71 | 71 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
| Broker Screenshots | Spreadex | FXPrimus | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
| Education Gallery (click to expand) |
| Regulation | Spreadex | FXPrimus | |
|---|---|---|---|
| Trust Score | 71 | 71 | |
| Year Founded | 1999 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Spreadex | 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). | No | Yes |
| Tier-2 Licenses (Trusted) | Spreadex | 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 | Spreadex | FXPrimus | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 140 | |
| Forex Pairs (Total) | 52 | 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 | Spreadex | FXPrimus | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.81 | 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 | Spreadex | FXPrimus | |
|---|---|---|---|
| Minimum Deposit | $0 | $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 | Spreadex | 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 | Spreadex | FXPrimus | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 58 | 30 | |
| Charting - Drawing Tools (Total) | 11 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Spreadex | FXPrimus | |
|---|---|---|---|
| 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 | N/A | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Spreadex | FXPrimus | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Spreadex | 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 | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Spreadex | 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 | Spreadex Review |
| Overall | Spreadex | FXPrimus | |
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| Trust Score | 71 | 71 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
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