FX Primus
Xtrade
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Overview
FX Primus was founded in 2009 and is headquartered in Cyprus, while Xtrade was established in 2003 and is based in Australia. Both brokers are regulated by Cyprus Securities and Exchange Commission (CySEC), among other authorities. FX Primus serves 10,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $100 at FX Primus and $1 at Xtrade.
| Feature | FX Primus | Xtrade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2009 | 2003 |
| Country | Cyprus | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between FX Primus and Xtrade, directly affecting your bottom line as a trader. Xtrade has a lower barrier to entry with a minimum deposit of $1 (vs $100 at FX Primus). FX Primus charges withdrawal fees while Xtrade does not, a notable advantage for frequent withdrawers. FX Primus charges deposit fees; Xtrade does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | FX Primus | Xtrade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | Yes |
Platforms
FX Primus offers MT4, MT5, cTrader, while Xtrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. FX Primus supports social and copy trading features, which Xtrade does not offer. The two brokers are closely matched on platform offering.
| Feature | FX Primus | Xtrade |
|---|---|---|
| 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 | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how FX Primus and Xtrade compare. FX Primus runs regular live webinars; Xtrade does not. FX Primus has a video library; Xtrade does not. FX Primus publishes daily market commentary; Xtrade does not. FX Primus integrates third-party research tools (Trading Central); Xtrade does not. FX Primus maintains an archive of past webinars for on-demand viewing. FX Primus scores higher overall in education and research.
| Feature | FX Primus | Xtrade |
|---|---|---|
| Forex Education | No | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. FX Primus uniquely supports bank transfer and credit/debit card and Neteller among the two brokers. FX Primus scores higher on deposit and withdrawal flexibility.
| Feature | FX Primus | Xtrade |
|---|---|---|
| Bank Transfer | Yes | Not available |
| Credit Card | Yes | Not available |
| PayPal | No | Not available |
| Skrill | No | Not available |
| Neteller | Yes | Not available |
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 Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. FX Primus offers multilingual support. Both brokers are comparable on support quality.
| Feature | FX Primus | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Indonesian, Chinese, Thai, Vietnamese, Hungarian, and Malaysian | Not available |