Written by ForexBrokers.com
In this head to head comparison of IFC 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.
IFC Markets and FXPrimus are both prominent online brokers, founded in 2006 and 2009, respectively. Neither of the brokers is publicly traded or functions as a bank, which is a common profile among many online trading platforms. Looking at their regulatory standings, IFC Markets holds one Tier-2 license, which indicates a generally trusted status, and it has a Trust Score of 73, reflecting an average risk level. On the other hand, FXPrimus has secured one Tier-1 license, signifying a highly trusted status despite its overall lower Trust Score of 71, categorizing them also within the average risk bracket.
For traders focused on the balance between regulatory trust and exposure, it’s important to note that IFC Markets and FXPrimus offer distinctly different regulatory standings. FXPrimus's Tier-1 license might appeal to those who prioritize top-tier regulatory oversight, while IFC Markets’ Tier-2 licenses represent a stable middle-ground option. Both brokers are considered average risks by ForexBrokers.com, making them viable options depending on individual preferences concerning regulation and trust.
| Feature |
IFC Markets
|
FXPrimus
|
|---|---|---|
| Year Founded | 2006 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 0 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
For traders looking to understand the differences in commissions and fees between IFC Markets and FXPrimus, both brokers offer similar ratings but have slight variances in their rankings. IFC Markets receives a commendable four out of five stars for its commissions and fees. It ranks 39th out of 62 brokers, showing that it provides competitive pricing in this crucial aspect of trading. Although specific average spread data isn't available, IFC Markets often attracts traders with its appealing cost structure that aims to optimize trading expenses.
FXPrimus also garners a solid four-star rating for its commission and fee structure. However, it ranks slightly lower, at 42nd out of 62 brokers, indicating that while its fees are competitive, there might be occasions where costs are marginally higher than some of its peers. Despite the absence of average spread data, the broker remains a viable option for traders who prioritize cost-efficiency.
Both IFC Markets and FXPrimus provide competitive offerings in terms of commissions and fees, with similar ratings indicating high satisfaction among users. However, IFC Markets edges out a slightly better ranking, which might appeal to budget-conscious traders reviewing their options. Yet, FXPrimus continues to stand strong with its overall cost strategy, making it a commendable choice in the crowded online trading market.
| Feature |
IFC Markets
|
FXPrimus
|
|---|---|---|
| Minimum Deposit | $1 | $100 |
| Average Spread EUR/USD - Standard | 1.44 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing IFC Markets and FXPrimus, both platforms offer forex trading through CFDs or spot contracts, providing users with ways to engage in currency markets effectively. IFC Markets stands out with a selection of 630 tradeable symbols, including 49 forex pairs, while FXPrimus offers a more modest array of 140 tradeable symbols and 42 forex pairs. Neither broker provides the option to trade U.S.-listed exchange securities directly, yet IFC Markets offers opportunities for investing in international exchange-traded securities not available with FXPrimus, such as shares from the London Stock Exchange.
For traders interested in cryptocurrency, both brokers allow trading cryptocurrency derivatives instead of actual cryptocurrency purchases. Additionally, both IFC Markets and FXPrimus cater to traders wanting to leverage copy trading. In terms of range of investments, both platforms have received a 3.5-star rating. However, IFC Markets holds a slightly superior ranking at #43 compared to FXPrimus, which is ranked #59 out of 62 brokers by ForexBrokers.com.
| Feature |
IFC Markets
|
FXPrimus
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 630 | 140 |
| Forex Pairs (Total) | 49 | 42 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools offered by IFC Markets and FXPrimus, both brokers provide a comprehensive suite of features for traders. They each offer simulated trading through free virtual demo accounts, making them accessible for newcomers looking to practice without financial risk. Both brokers have developed proprietary platforms, giving users a unique in-house option alongside the globally recognized MetaTrader 4 and MetaTrader 5. Whether you prefer a desktop application on Windows or a more flexible web-based platform, IFC Markets and FXPrimus cater to both needs. Additionally, both brokerages support copy trading, enhancing the trading experience by allowing users to adopt strategies from seasoned traders.
Charting tools and functionalities are comparable between the two brokers, each offering the ability to trade directly from stock charts, with 15 drawing tools available to aid technical analysis. Their watchlists allow for customization with up to seven columns. However, features like DupliTrade and ZuluTrade are not available with either broker. While both brokers score equally with four stars for their trading platforms and tools, IFC Markets ranks higher in industry evaluations at number 36 compared to FXPrimus at 49 out of 62 brokers. These insights make IFC Markets slightly more favorable in terms of trading platforms and tools, although both brokers provide strong offerings for traders of all levels.
| Feature |
IFC 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) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps from IFC Markets and FXPrimus, both offer iPhone and Android apps that include essential features like stock or forex price alerts and the ability to draw trendlines on charts. Each app also provides robust charting with 30 technical studies and gives traders the option to view multiple time frames, catering to both short-term and long-term strategies. Furthermore, both apps ensure that traders can create watchlists with real-time quotes, and any chart drawings are automatically saved for future reference.
One distinguishing feature is the syncing capability for watchlists between platforms. IFC Markets offers seamless watchlist symbol syncing between its mobile app and online account, while FXPrimus does not. Despite both mobile apps being rated four out of five stars, FXPrimus ranks slightly higher at #47 compared to IFC Markets' #52 in the ForexBrokers.com list out of 62 brokers in the Mobile Trading Apps category. This minor difference might reflect FXPrimus's slightly more favorable position, but both brokers provide competitive and user-friendly mobile trading experiences.
| Feature |
IFC Markets
|
FXPrimus
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 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.
When comparing online brokers IFC Markets and FXPrimus in terms of their market research offerings, both platforms provide daily market commentary and an economic calendar, keeping traders informed about upcoming global news events. However, neither broker features forex news sourced from high-profile outlets like Bloomberg or Reuters, nor do they offer specialized tools from Autochartist or Trading Central. This means traders seeking in-depth technical analysis or top-tier financial news may need to look elsewhere.
A key advantage of IFC Markets over FXPrimus is its sentiment-based trading tool, which provides insights into long and short positions across currency pairs. While both brokers lack analysis tools from Acuity Trading or market research from TipRanks, IFC Markets edges slightly ahead with a research rating of 3.5 stars compared to FXPrimus's 3 stars. According to ForexBrokers.com, IFC Markets holds the 40th spot out of 62 brokers in the Research category, significantly higher than FXPrimus, which stands at 58th place.
| Feature |
IFC Markets
|
FXPrimus
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | 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 comparing the educational resources offered by IFC Markets and FXPrimus for beginners, both online brokers provide a solid foundation with at least 10 pieces of educational content focused on forex and CFDs. IFC Markets stands out by offering an extensive library of beginner-friendly educational videos and advanced trading videos tailored for more experienced traders. In addition, they provide an investor dictionary with over 50 investment term definitions, helping traders to better understand the trading landscape. Although IFC Markets does not offer monthly webinars or a searchable archive of recorded webinars, their expansive video resources contribute to their higher ranking in the education category compared to FXPrimus.
Conversely, FXPrimus differentiates itself by providing monthly online educational webinars and offering a searchable archive of past webinars, which could be particularly beneficial for beginners who prefer interactive learning. However, they fall short in providing as many beginner and advanced videos as IFC Markets, and they lack an extensive investor dictionary. These gaps may contribute to their lower educational rating compared to IFC Markets. Ultimately, both brokers have valuable resources, but traders may prefer one over the other depending on their preferred learning method and educational needs.
| Feature |
IFC Markets
|
FXPrimus
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | No | 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 IFC Markets is better than FXPrimus. IFC Markets finished with an overall rank of #44, while FXPrimus finished with an overall rank of #53.
IFC Markets is a well-established broker that has been in operation for 17 years. Forex traders at IFC Markets gain access to multiple trading platforms, a growing range of tradeable markets, and a balanced offering of research and educational content. However, IFC Markets’ Trust Score suffers due to the broker’s limited range of regulatory licenses.
| Feature |
IFC Markets
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FXPrimus
|
|---|---|---|
| Overall Rating |
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| Trust Score | 73 | 71 |
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Neither IFC Markets nor FXPrimus offers the ability to buy actual delivered cryptocurrency, but both platforms provide the option to purchase cryptocurrency derivatives instead.
When comparing online brokers IFC Markets and FXPrimus, neither offers ACH or SEPA transfers nor PayPal for depositing or withdrawing funds; however, while both provide options for Visa, Mastercard, and bank wire transactions, only FXPrimus supports Skrill for these financial operations.
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 | IFC Markets | FXPrimus | |
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| Trust Score | 73 | 71 | |
| Winner | check_circle | ||
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| Broker Screenshots | IFC Markets | FXPrimus | |
|---|---|---|---|
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| Regulation | IFC Markets | FXPrimus | |
|---|---|---|---|
| Trust Score | 73 | 71 | |
| Year Founded | 2006 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 0 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | IFC Markets | FXPrimus | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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). | No | Yes |
| Tier-2 Licenses (Trusted) | IFC 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 | IFC Markets | FXPrimus | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 630 | 140 | |
| Forex Pairs (Total) | 49 | 42 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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). |
| Cost | IFC Markets | FXPrimus | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.44 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | IFC Markets | FXPrimus | |
|---|---|---|---|
| Minimum Deposit | $1 | $100 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | IFC 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 | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | IFC 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) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IFC Markets | FXPrimus | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 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 | IFC Markets | FXPrimus | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | IFC Markets | FXPrimus | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | IFC 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 |
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| Trust Score | 73 | 71 | |
| Winner | check_circle | ||
| Review |
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