FXPRIMUS VS USGFX - Online Brokerage Comparison

FXPRIMUS vs USGFX | Compare Trading Brokers

FXPRIMUS vs USGFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4120+CySEC, FSCA, VFSC
$100MT4, MT560+ASIC

FXPRIMUS vs USGFX Comparison

These are each MetaTrader 4 (MT4) brokers, allowing the use of Expert Advisors (EAs), MT4's online trading robots. Both have a range of account types with higher minimum deposits. USGFX, in addition to MT4, offers the successor to MT4, MetaTrader 5 (MT5). On this platform the trader can also use modify and build EAs (though using the MQL5 language).

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

USGFX is regulated by the ASIC in Australia.

Quick comparison

Both offer MT4 and allow the use of EAs. USGFX additionally provides MT5.

Minimum deposit and account types

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

  • 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.
  • USGFX offers four account types. These are Mini, Standard, VIP and Pro-ECN. The minimum deposit for the Mini account is $100, the minimum deposit for the Standard account is $10,000, and the minimum deposit for both the VIP and Pro-ECN accounts are $50,000. The different account types can offer lower spreads, with the lowest available on the VIP account. UGSFX support social and copy trading via ZuluTrade and Myfxbook. All account types have a minimum trade size of 0.01 lots.
  • USGFX provides Trading Central, the Recognia Trading System (which offers trading ideas), analysis, an economic calendar and an Education Center on its website with webinars, seminars, a trading guide and Blog and contests. A minimum deposit of $10,000 provides access to the Trader's Club which offers features including personalised coaching, market research and commentary, premium trading tools and services and structured education.

Markets

  • FXPRIMUS offers Forex, Indices, Energy, Precious Metals and Stocks, with 120+ available.
  • USGFX offers Forex, Indices, Energy, Metals and Crypotocurrencies, with 60+ available.

Cryptocurrency CFDs

  • USGFX offers Bitcoin.

Spreads and leverage

  • FXPRIMUS can offer low Forex spreads plus a commission charge. FXPRIMUS can offer Forex spreads from 1.6 without a commission charge and USGFX can offer Forex spreads from 1.3 without a commission charge.

Maximum leverage for FXPRIMUS (CySEC regulated) is . Maximum leverage for FXPRIMUS (VFSC regulated) is 500:1. Maximum leverage for USGFX (ASIC regulated) is 500:1.

Commissions

  • FXPRIMUS charges a commission of $5 per lot per side on its ECN Premium Account.
  • USGFX does not charge commissions for Forex or Precious Metals. It does charge commissions of $5 per lot per side for CFDs.

Platforms

FXPRIMUS offers MT4. USGFX provides MT4 and MT5.

Why FXPRIMUS or USGFX ?

Traders who wish to use MT4 Expert Advisors can do so at either broker. Traders who want to use EAs on MT5 can do so at USGFX. USGFX does not charge Forex commissions, rather as an STP/ECN broker includes the mark-up in the spread. FXPRIMUS provides accounts which do and do not charge Forex commissions. Consequently it can offer ECN trading with potentially low spreads plus a commission charge, though the total cost of the trade is the spread plus the commission. USGFX can offer lower Forex spreads with accounts requiring higher minimum deposits.

Comparison summary

  • Both offer CFD trading
  • Each provides MT4
  • USGFX additionally offers MT5
  • Both allow EAs
  • Each offers features to support non-automated traders as well
  • Both provide a range of account types with different features for higher minimum deposits

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