Ally invest
FX Primus
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Overview
Ally invest was founded in 2013 and is headquartered in United States, while FX Primus was established in 2009 and is based in Cyprus. Both brokers are regulated by Cyprus Securities and Exchange Commission (CySEC), among other authorities. Ally invest serves 10,000+ clients worldwide; FX Primus has 10,000+. The minimum deposit is $500 at Ally invest and $100 at FX Primus.
| Feature | Ally invest | FX Primus |
|---|---|---|
| Min. Deposit | $500 | $100 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) |
| Founded | 2013 | 2009 |
| Country | United States | Cyprus |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Ally invest and FX Primus, directly affecting your bottom line as a trader. FX Primus has a lower barrier to entry with a minimum deposit of $100 (vs $500 at Ally invest). FX Primus charges withdrawal fees while Ally invest does not, giving Ally invest an edge for frequent withdrawers. Ally invest applies inactivity fees on dormant accounts; FX Primus does not. FX Primus charges deposit fees; Ally invest does not. Overall, FX Primus scores higher on fees in our assessment.
| Feature | Ally invest | FX Primus |
|---|---|---|
| Min. Deposit | $500 | $100 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | Yes | No |
Platforms
Ally invest offers MT5, cTrader, while FX Primus supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. FX Primus edges ahead on platform breadth and functionality in our scoring.
| Feature | Ally invest | FX Primus |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Desktop,Android,iPhone,Mac | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Ally invest and FX Primus compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. Ally invest scores higher overall in education and research.
| Feature | Ally invest | FX Primus |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Ally invest accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while FX Primus supports 3 (bank transfer, credit/debit card, Neteller). FX Primus uniquely supports Neteller among the two brokers. FX Primus scores higher on deposit and withdrawal flexibility.
| Feature | Ally invest | FX Primus |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Ally invest and FX Primus offer live chat support. Both provide phone support. Email support is available at both brokers. Ally invest supports 2 languages and FX Primus supports 8, giving FX Primus broader global reach. Both brokers are comparable on support quality.
| Feature | Ally invest | FX Primus |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Indonesian, Chinese, Thai, Vietnamese, Hungarian, and Malaysian |