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 commissions and fees, Spreadex and FXPrimus both hold their ground with a solid performance, each earning a commendable 4-star rating out of five. However, they demonstrate significant differences in their fee structures and rankings, which might influence your choice. Spreadex provides a clear picture of their trading costs, with average spreads on EUR/USD at 0.81 pips in January 2024. Furthermore, this broker achieved a minimum spread of 0.6 pips 60% of the time during the month. This transparency and competitive spread have contributed to Spreadex's mid-tier ranking of #27 out of 63 brokers in the Commissions and Fees category according to ForexBrokers.com.
Alternatively, FXPrimus does not provide specific average spread data, making it more challenging for traders to anticipate exact trading costs. Despite this lack of detailed information, FXPrimus still secures a 4-star rating, perhaps relying on other competitive aspects in their fee structure. Nonetheless, without average spread data, traders may find it less easy to gauge potential costs precisely when trading with FXPrimus. As a result, FXPrimus is ranked at #42 out of 63 brokers in the Commissions and Fees category, according to ForexBrokers.com.
Both Spreadex and FXPrimus maintain a 4-star rating for commissions and fees, suggesting overall satisfaction among users. However, Spreadex's position at #27 versus FXPrimus's position at #42 reflects Spreadex's slight edge in transparency and cost-effectiveness in the ranking. Whether you prioritize detailed cost insights or are comfortable with less information, the choice of broker should align with your trading strategy and needs.
| 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 the range of investments offered by Spreadex and FXPrimus, it's clear that Spreadex stands out with a significantly broader selection. Spreadex provides access to 10,000 tradeable symbols, greatly surpassing FXPrimus’s offering of 140. For forex trading, both platforms deliver services via CFDs or spot contracts, but Spreadex slightly edges out FXPrimus with 52 tradeable forex pairs compared to FXPrimus’s 42 pairs. Neither broker supports the buying of actual exchange-traded U.S. or international securities. Additionally, both allow trading with cryptocurrency derivatives rather than actual cryptocurrencies.
Spreadex has earned a top-tier rating of 5 stars for its range of investments, reflecting its superior offerings in this area. It is also favorably ranked 13th out of 63 brokers by ForexBrokers.com for investment range. In contrast, FXPrimus carries a lower rating of 3.5 stars and ranks 59th for its investment options. While FXPrimus does offer the benefit of copy trading, a feature not available with Spreadex, it doesn't compensate for its more limited range of tradeable instruments compared to Spreadex's extensive portfolio.
| 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 comparing Spreadex and FXPrimus for their trading platforms and tools, both brokers offer strong opportunities for traders. Spreadex and FXPrimus provide simulated trading through free virtual demo accounts, helping users to practice without financial risk. Each broker offers a proprietary platform, but when it comes to desktop options, FXPrimus distinguishes itself with a Windows-based downloadable platform, while Spreadex focuses on web-based trading only. Both brokers provide web-based platforms, but FXPrimus also includes MetaTrader 4 and MetaTrader 5, giving it a potential edge in terms of platform variety. While Spreadex lacks copy trading capabilities, FXPrimus supports this feature, catering to traders looking to replicate strategies from more experienced investors.
Chart enthusiasts might find FXPrimus slightly more appealing, as it offers 15 drawing tools compared to Spreadex's 11, although both allow trading directly from stock charts. Spreadex takes the lead in watch list customization, providing 8 columns for more detailed tracking, compared to FXPrimus's 7 columns. In terms of overall ratings, both have been awarded 4 stars for their trading platforms and tools, yet Spreadex ranks slightly higher at #46 compared to FXPrimus at #49, according to ForexBrokers.com. Thus, while both brokers cater well to traders, the choice may hinge on personal preference for platform versatility and additional features offered by FXPrimus.
| 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.
Both Spreadex and FXPrimus cater to traders on the go with their iPhone and Android trading apps. Both platforms deliver key features like stock or forex price alerts and the ability to draw trendlines on charts. Additionally, both Spreadex and FXPrimus enable users to view different time frames for more informed decision-making. While FXPrimus app users can enjoy 30 technical studies for charting, Spreadex’s offering in this area remains unspecified. Importantly, neither Spreadex nor FXPrimus supports watchlist syncing between mobile and online accounts.
When it comes to user ratings, both apps receive a solid 4-star rating for mobile trading. Both platforms permit users to curate watchlists with real-time quotes, yet there's a divide in how chart drawings are handled; FXPrimus automatically saves drawings, a feature not present in the Spreadex app. Although the apps are closely ranked, Spreadex stands slightly ahead, occupying the 46th position compared to FXPrimus’ 48th spot in a review of 63 brokers by ForexBrokers.com.
| 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 market research offerings, Spreadex stands out with its comprehensive services. Both Spreadex and FXPrimus provide daily market commentary and feature an economic calendar, helping traders stay informed about global news events. However, Spreadex enhances its appeal by offering forex news from top-tier sources like Bloomberg and Reuters, which FXPrimus lacks. Additionally, traders using Spreadex can benefit from tools such as Autochartist and a sentiment-based trading tool, making it a more attractive option for those seeking detailed analytical insights.
FXPrimus, while providing the basic market research components, falls short in comparison. It does not offer the premium forex news sources or the Autochartist tools that Spreadex customers have access to. Neither broker utilizes resources from companies like Trading Central, TipRanks, or Acuity Trading. However, Spreadex's well-rounded offerings earn it a 4-star rating for research, ranking 31st out of 63 brokers surveyed by ForexBrokers.com. In contrast, FXPrimus has a 3-star rating and is positioned at 58th, highlighting the more favorable research capabilities that Spreadex brings to the table.
| 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.
For beginners seeking educational resources in trading, Spreadex and FXPrimus each bring their own strengths to the table. Spreadex impresses with over ten beginner-focused educational videos, making it a friendly platform for those just starting out in the world of forex or CFDs. Additionally, Spreadex offers an extensive investor dictionary with over 50 terms, which serves as a helpful resource for newcomers trying to understand trading jargon. While Spreadex does not provide monthly webinars or an archive of past webinars, they maintain a four-star education rating and are ranked 45th out of 63 brokers by ForexBrokers.com.
In contrast, FXPrimus excels with its monthly online educational webinars and a comprehensive, searchable archive of past sessions, providing learners with a continual stream of updated content. However, FXPrimus lags behind in producing beginner-centered educational videos, and it does not feature an extensive investor dictionary. Despite this, the availability of webinars can be a significant advantage for ongoing learning. FXPrimus holds a three-star rating in education and is ranked 51st out of 63 brokers. Both platforms cater to different needs, so choosing between them depends on whether you prefer structured videos or access to real-time educational sessions.
| 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 63 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 | |
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| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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| 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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