Written by ForexBrokers.com
In this head to head comparison of FP Markets vs FXPrimus, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FP Markets and FXPrimus are both online brokers that operate without being publicly traded or functioning as banks. Founded in 2005, FP Markets carries two Tier-1 licenses and one Tier-2 license, giving it a ForexBrokers.com Trust Score of 89, classifying it as a trusted broker. In comparison, FXPrimus has been in operation since 2009 and holds one Tier-1 license, contributing to its Trust Score of 71, which places it in the average risk category.
Both brokers provide assurance through regulatory licenses, yet FP Markets offers a higher level of trust with more regulatory oversight. This makes a significant difference for traders who prioritize security and trustworthiness alongside their trading activities. When considering which broker to engage with, potential users may lean towards FP Markets for broader regulatory approval, while those with more risk tolerance might consider FXPrimus as an alternative.
| Feature |
FP Markets
|
FXPrimus
|
|---|---|---|
| Year Founded | 2005 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
FP Markets stands out as a cost-effective choice for traders worldwide, particularly with its commission-based ECN account. Recognized with a five-star rating, it excels in the Commissions and Fees category in the 2024 Annual Awards, securing the 6th spot among 62 brokers. Its raw ECN account offers competitive spreads averaging 0.1 pips, with a total of 0.8 pips after commission. The standard account, however, has higher spreads, averaging 1.1 pips for EUR/USD. FP Markets’ Iress ViewPoint account is tailored for active traders with higher balance accounts, though it's less affordable unless you meet certain trading requirements to waive fees.
FP Markets offers additional flexibility through its cTrader platform, which supports both spread-only and commission-based accounts. For traders in Australia, the Iress platform suite requires a minimum deposit ranging from AUD 1,000 for the Standard account to AUD 50,000 for the Premier account. Meanwhile, the Iress Investor account presents a more budget-friendly option, albeit with limited features like static data updates and basic charting. FP Markets ranks as one of the most cost-effective options for savvy traders but may be less appealing for beginners due to its complex fee structure and higher initial deposit requirements for premium accounts.
In contrast, FXPrimus is rated with four stars for its commissions and fees and ranks 42nd out of 62 brokers in ForexBrokers.com’s listing. The average spread data for FXPrimus is not available, which may make assessing its cost-effectiveness more challenging for potential customers. While FP Markets offers global traders competitive pricing structures with detailed account options suited for different levels of trading activity, FXPrimus has room to improve in terms of transparency and comparative data on its fees.
| Feature |
FP Markets
|
FXPrimus
|
|---|---|---|
| Minimum Deposit | $100 AUD | $100 |
| Average Spread EUR/USD - Standard | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.7 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the variety of investments, FP Markets and FXPrimus both allow forex trading as CFDs or spot contracts, but FP Markets provides a far broader scope of trading options. FP Markets boasts an impressive offering of 10,000 tradeable symbols, including 71 forex pairs, whereas FXPrimus offers 140 tradeable symbols and 42 forex pairs. Both brokers do not provide access to buy exchange-traded securities on U.S. or international exchanges directly, so you cannot purchase stocks like Apple or Vodafone through either platform.
For those interested in cryptocurrency, both FP Markets and FXPrimus offer trading in cryptocurrency derivatives, although neither allows buying the actual cryptocurrency. They also both support copy trading, which is ideal for investors interested in mirroring experienced traders. In terms of overall range of investments, FP Markets earns a higher rating of 4.5 stars compared to FXPrimus's 3.5 stars, positioning them at #18 and #59 respectively out of 62 brokers reviewed by ForexBrokers.com.
| Feature |
FP Markets
|
FXPrimus
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 140 |
| Forex Pairs (Total) | 71 | 42 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
Both FP Markets and FXPrimus offer a range of trading platforms and tools that cater to various trader needs. These brokers provide simulated trading through free demo accounts, enabling users to practice and refine their strategies without financial risk. Each broker has developed its proprietary platform and accommodates traditional software like MetaTrader 4 and MetaTrader 5, which are widely acclaimed for their comprehensive features. Traders can choose between Windows-based desktop applications or convenient web-based platforms, ensuring flexibility in managing trades anywhere. For those interested in social trading, copy trading is supported by both brokers, but options like DupliTrade and ZuluTrade are not available.
When it comes to charting options, FP Markets offers 17 drawing tools, whereas FXPrimus includes 15 options, providing ample resources for technical analysis. Both platforms support direct trading from stock charts, enhancing user experience and efficiency. Watch lists are customizable with seven columns at each broker, helping traders keep track of their favorite assets with ease. Overall, FP Markets and FXPrimus both receive a rating of 4 out of 5 stars for their trading platforms and tools, indicating solid performance. However, FP Markets is ranked higher by ForexBrokers.com at #23 out of 62 brokers, compared to FXPrimus's #49, suggesting a slight edge regarding platform offerings.
| Feature |
FP Markets
|
FXPrimus
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 17 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FP Markets and FXPrimus both offer convenient mobile trading apps available for iPhone and Android devices, catering to users seeking on-the-go trading solutions. Both platforms provide essential features like price alerts and real-time watchlists, meaning you'll receive timely updates on stock and forex movements. Additionally, they support multiple time frames and allow users to draw trendlines on charts, with automatic saving of chart annotations. While FP Markets and FXPrimus do not offer watchlist symbol syncing across devices, they provide users with a comprehensive trading experience through these key functionalities.
When it comes to charting tools, FP Markets utilizes the MetaTrader default setup, while FXPrimus offers 30 technical studies, giving traders substantial analytical capabilities. Despite both apps being highly rated with four stars each for their mobile trading experience, FP Markets holds an edge in overall ranking, placed at #18 by ForexBrokers.com compared to FXPrimus's rank of #47 out of 62 brokers. This suggests that while both apps are well-regarded, FP Markets might deliver a slightly more favorable user experience.
| Feature |
FP Markets
|
FXPrimus
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
FP Markets and FXPrimus both provide daily market commentary, ensuring traders have regular insights into market movements. However, when it comes to news sources for forex updates, FP Markets stands out by offering information from top-tier outlets like Bloomberg and Reuters, while FXPrimus does not include such sources. Additionally, FP Markets enriches the trading experience with tools like Autochartist and Trading Central, which provide in-depth technical and fundamental analysis, alongside sentiment-based trading tools that gauge long or short positions. Unfortunately, these advanced research tools are not part of the offerings at FXPrimus.
Both brokers offer economic calendars to keep traders informed about global economic events. Yet, when assessed for research capabilities, FP Markets earns a higher rating of 4 stars compared to FXPrimus's 3 stars. This distinction is mirrored in their rankings by ForexBrokers.com, where FP Markets is placed at #25 and FXPrimus at #58 out of 62 brokers. This comparison demonstrates FP Markets' stronger emphasis on providing a comprehensive suite of research tools and industry-leading insights.
| Feature |
FP Markets
|
FXPrimus
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, FP Markets shines brighter compared to FXPrimus. Both offer over ten educational pieces such as articles, videos, and archived webinars focused on forex and CFDs, ensuring beginners have a solid foundation. They also host online educational webinars monthly, which is beneficial for ongoing learning. However, FP Markets steps ahead by providing a searchable archive of previously recorded webinars, allowing users to access valuable content at their convenience.
FP Markets further differentiates itself with over ten beginner educational videos specifically tailored for new traders, a feature FXPrimus lacks. Additionally, FP Markets offers over ten videos for advanced traders and an investor dictionary with over 50 investing term definitions, which FXPrimus does not provide. Due to these comprehensive offerings, FP Markets earns a 4-star rating for education, ranking 23rd, while FXPrimus holds a 3-star rating, ranked 51st among 62 brokers. FP Markets clearly provides a richer educational experience for beginners exploring the world of trading.
| Feature |
FP Markets
|
FXPrimus
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that FP Markets is better than FXPrimus. FP Markets finished with an overall rank of #19, while FXPrimus finished with an overall rank of #53.
FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
| Feature |
FP Markets
|
FXPrimus
|
|---|---|---|
| Overall Rating |
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| Trust Score | 89 | 71 |
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Both FP Markets and FXPrimus provide options for trading cryptocurrency derivatives, but neither platform offers the capability to purchase actual delivered cryptocurrency.
FP Markets and FXPrimus both support Skrill, Visa/Mastercard, and bank wire transfers for account transactions, but differ in that FP Markets also accepts PayPal, whereas neither offers ACH or SEPA transfers.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | FP Markets | FXPrimus | |
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| Trust Score | 89 | 71 | |
| Winner | check_circle | ||
| Review | FP Markets Review |
| Broker Screenshots | FP Markets | FXPrimus | |
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| Regulation | FP Markets | FXPrimus | |
|---|---|---|---|
| Trust Score | 89 | 71 | |
| Year Founded | 2005 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | FXPrimus | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FP Markets | FXPrimus | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FP Markets | FXPrimus | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 140 | |
| Forex Pairs (Total) | 71 | 42 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | FP Markets | FXPrimus | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | 0.7 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FP Markets | FXPrimus | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $100 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | FP Markets | FXPrimus | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FP Markets | FXPrimus | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 17 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | FXPrimus | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FP Markets | FXPrimus | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | FXPrimus | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | FP Markets | FXPrimus | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | FP Markets Review |
| Overall | FP Markets | FXPrimus | |
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| Trust Score | 89 | 71 | |
| Winner | check_circle | ||
| Review | FP Markets Review |
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