FXOpen vs FXPRIMUS - ECN Broker Comparison

FXOpen vs FXPRIMUS | Trading Brokers Comparison

FXOpen vs FXPRIMUS Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$300MT465+FCA, ASIC, FSRC
$100MT4120+CySEC, FSCA, VFSC

FXOpen vs FXPRIMUS Comparison

These are both MetaTrader 4 (MT4) brokers offering ECN trading and allowing the use of automated trading strategies (MT4's Expert Advisors or EAs). Both brokers can also be used by traders who execute their own trades.

FXPRIMUS has a lower minimum deposit, however its ECN account has a higher minimum deposit than FXOpen's ECN account. FXPRIMUS provides a range of account types which offer extra features for higher minimum deposits.

FXOpen is regulated by the FCA in the United Kingdom, the ASIC in Australia and the FSRC in Nevis.

FXPRIMUS is regulated by the CySEC in Cyprus, the FSCA in South Africa and the VFSC in Vanuatu.

Quick comparison

Both are MT4 ECN brokers which allow the use of EAs. FXPRIMUS has a lower minimum deposit overall, but FXOpen offers a lower minimum deposit for ECN trading.

Minimum deposit and account types

The minimum deposit for FXOpen is $300. The minimum deposit for FXPRIMUS is $100 (the minimum deposit for an ECN account is $500).

  • FXOpen offers three accounts types, ECN, STP and Crypto. The ECN account charges commissions on its markets, the STP does not charge commissions. The ECN account has a wider range of market available. The Crypto account is an STP account which additionally offers a range of Cryptocurrencies (which have a commission charge). The minimum trade size is 0.01 lots. Market news and analysis are available via RSS and an economic calendar is provided on FXOpen's website.
  • FXPRIMUS offers a Variable account and an ECN Premium Account. The minimum deposit for the Variable account is $100. The minimum deposit for the ECN Premium Account is $500. Additionally FXPRIMUS provides a Standard Account, a Premium Account and a VIP Account. The minimum deposit for the Standard Account is $1000. The minimum deposit for the Premium Account is $2,500. The minimum deposit for the VIP Account is $10,000. FXPRIMUS offers traders education, an economic calendar and trading tools for all its clients. The Standard, Premium and VIP accounts offer extra features. The minimum trade size is 0.01 lots.

Markets

  • On the Crypto account, FXOpen offers Forex, Precious Metals and Cryptocurrencies, for a total of 55+.
  • On the STP account, FXOpen provides Forex and Precious Metals, for a total of 50+.
  • On the ECN account, FXOpen offers Forex, Indices, Energy and Precious Metals, with 65+ available.
  • FXPRIMUS offers Forex, Indices, Energy, Precious Metals and Stocks, with 120+ available.

Cryptocurrency CFDs

  • FXOpen offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Monero, NEO, IOTA, Ethereum Classic, DASH, EOS, Namecoin, Peercoin, Emercoin and OMNI.

Spreads and leverage

  • Both brokers can offer low Forex spreads plus a commission charge.

Maximum leverage for FXOpen (FCA regulated) is . Maximum leverage for FXPRIMUS (CySEC regulated) is .

Commissions

  • For Forex, FXOpen charges a commission, which depends on volume traded, from $1.5 - $5 per standard lot per side. Other instruments have differing commission charges.
  • FXPRIMUS charges a commission of $5 per lot per side on its ECN Premium Account.

Platforms

FXOpen offers MT4. FXPRIMUS provides MT4.

Why FXOpen vs FXPRIMUS ?

Traders who want to trade with online trading robots on ECN accounts can do so at either broker. Traders who do not trade with robots can also use either broker. FXOpen focuses on ECN trading, while FXPRIMUS has a range of other account types, including accounts with extra features for higher minimum deposits.

Comparison summary

  • Both offer CFD trading
  • Each has ECN accounts
  • FXPRIMUS offers a range of account types with added features for higher minimum deposits
  • Both brokers provide MT4
  • Each allows Expert Advisors
  • Both use data centers for high speed order transmission
  • FXPRIMUS offers a lower minimum deposit overall
  • FXOpen has a lower minimum deposit for ECN trading

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