FXPRIMUS vs XM - Online Brokerage Comparison

FXPRIMUS vs XM | Trading Brokers Comparison

FXPRIMUS vs XM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4120+CySEC, FSCA, VFSC
$5MT4, MT51000+FCA, ASIC, CySEC

FXPRIMUS vs XM Comparison

Both of these brokers offer MetaTrader 4 (MT4) trading. XM additionally provides MetaTrader 5 (MT5), which is the successor to MT4. Each of these platforms supports trading where the trader executes their own trades and trading where the trader lets online trading robots execute trades on their behalf.

MT4 and MT5's online trading robots are called Expert Advisors (EAs) and these will execute trades as defined by the rules of their automated trading strategies. Traders can use EAs which have already been built and can also modify strategies and even build them themselves.

While MT4 and MT5 have technical indicators built into the platform, traders can also modify and create indicators. Indicators can be used by non-automated traders as they provide a basis for charting analysis, but are also the basis of many automated trading strategies, which essentially replicate the process of trading on an indicator signal, as a computer program.

Both brokers have a similar number of markets on MT4. However on MT5, XM can offer a relatively large number, compared with FXPRIMUS and other brokers. This is because XM offers a relatively wide range of Stocks CFD on MT5. FXPRIMUS offers Stocks CFDs on MT4, but a reduced number compared with XM's MT5.

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

XM is regulated by the CySEC in Cyprus, the FCA in the United Kingdom and the ASIC in Australia.

Quick comparison

Both brokers offer MT4. XM additionally provides MT5 and has considerably more markets to trade on it (though they have a similar number MT4 vs MT4).

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 XM is $5 (the minimum deposit for the XM Zero account 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.
  • XM offers three account types, a Micro and a Standard account, both with minimum deposits of $5 and the XM Zero account, with a minimum deposit of $100.
  • XM's Micro account allows smaller trade sizes than Standard account and XM Zero accounts, which allow larger trade sizes. An Islamic account is available for each of these account types. The Micro and Standard accounts do not charge commissions, the XM Zero account does charge commissions. XM offers a free VPS for clients who have a minimum balance of $5000 in their account, T&Cs apply. The smallest trade size is 0.001 lots. XM also provides a personal account manager, video tutorials, daily technical analysis, Forex market research and daily Forex signals, market outlook and webinars.

Markets

  • FXPRIMUS offers Forex, Indices, Energy, Stocks and Precious Metals, with 120+ available.
  • XM offers Forex, Indices, Energy, Stocks, Metals, Cryptocurrencies and Soft Commodities, with 1000+ available on MT5. There are 100+ available on MT4, as it does not offer Stocks or Cryptocurrency CFDs. The XM Zero account has Forex and Precious Metals, with 55+.

Cryptocurrency CFDs

  • XM offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.

Spreads and leverage

  • Both brokers can offer low Forex spreads plus a commission charge as well as higher Forex spreads without a commission charge.

Maximum leverage for FXPRIMUS (CySEC regulated) is . Maximum leverage for XM (FCA or CySEC regulated) is .

Commissions

  • FXPRIMUS charges a commission of $5 per lot per side on its ECN Premium Account.
  • The XM Zero account charges commission of $3.5 per lot per side.

Platforms

FXPRIMUS offers MT4. XM provides MT4 and MT5.

Why FXPRIMUS or XM ?

Trader who want to trade MT4 EAs can do so at either broker. Trader who wish to use MT5 can find this platform at XM. Both brokers provide accounts which can offer low Forex spreads for the more liquid pairs, plus a commission charge. Each also offers accounts which do not charge commissions (and can have higher Forex spreads). A cent account is a type of MT4 or MT5 account which is denominated in cents. This lets the trader place orders with trade sizes lower than the minimum on MT4 or MT5 (i.e. lower then standard lot micro lots). A cent account can potentially let the trader trade with smaller account sizes, depending on a number of factors. Thus XM has a Micro (cent) account with a very small minimum deposit. Trader who want to trade with larger account sizes can do at either broker, however FXPRIMUS offers a range of account types which have added features for increased minimum deposits.

Comparison summary

  • Both brokers provide CFD trading
  • Each broker offers MT4
  • XM also provides MT5
  • XM offers a cent account and has a very low minimum deposit
  • FXPRIMUS offers account types with extra features for higher minimum deposits
  • Each allows Expert Advisors (EAs)
  • Both have a similar number of markets on MT4
  • FXPRIMUS offers a wider range of markets comparing its ECN account vs the XM Zero account
  • XM has more markets to trade overall, on MT5

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