FX Primus
multibank exchange group
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Overview
FX Primus was founded in 2009 and is headquartered in Cyprus, while multibank exchange group was established in 2015 and is based in Cyprus. FX Primus holds licences including Cyprus Securities and Exchange Commission (CySEC), while multibank exchange group is regulated by Financial Conduct Authority (FCA) among others. FX Primus serves 10,000+ clients worldwide; multibank exchange group has 10,000+. The minimum deposit is $100 at FX Primus and $250 at multibank exchange group.
| Feature | FX Primus | multibank exchange group |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F282 |
| Founded | 2009 | 2015 |
| Country | Cyprus | Cyprus |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between FX Primus and multibank exchange group, directly affecting your bottom line as a trader. FX Primus has a lower barrier to entry with a minimum deposit of $100 (vs $250 at multibank exchange group). FX Primus charges withdrawal fees while multibank exchange group does not, a notable advantage for frequent withdrawers. FX Primus charges deposit fees; multibank exchange group does not. Overall, FX Primus scores higher on fees in our assessment.
| Feature | FX Primus | multibank exchange group |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | Yes |
Platforms
FX Primus offers MT4, MT5, cTrader, while multibank exchange group 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. The two brokers are closely matched on platform offering.
| Feature | FX Primus | multibank exchange group |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how FX Primus and multibank exchange group compare. FX Primus runs regular live webinars; multibank exchange group does not. Both provide video tutorials. FX Primus publishes daily market commentary; multibank exchange group does not. Both integrate third-party research tools. FX Primus maintains an archive of past webinars for on-demand viewing. FX Primus scores higher overall in education and research.
| Feature | FX Primus | multibank exchange group |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. FX Primus accepts 3 of the tracked payment methods (bank transfer, credit/debit card, Neteller), while multibank exchange group supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). multibank exchange group uniquely supports PayPal and Skrill among the two brokers. multibank exchange group scores higher on deposit and withdrawal flexibility.
| Feature | FX Primus | multibank exchange group |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both FX Primus and multibank exchange group offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 8 languages. Both brokers are comparable on support quality.
| Feature | FX Primus | multibank exchange group |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Indonesian, Chinese, Thai, Vietnamese, Hungarian, and Malaysian | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |