Written by ForexBrokers.com
In this head to head comparison of iFOREX 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.
When it comes to online trading, both iFOREX and FXPrimus offer investors alternatives worth considering, yet they come with differing regulatory profiles. Established in 1996, iFOREX has built its presence over the decades. Meanwhile, FXPrimus made its debut in 2009. Neither of these brokers is publicly traded or operates as a bank, giving them more niche, private ownership structures. Importantly, both are equal in holding a Tier-1 license, which is regarded as highly trusted by ForexBrokers.com.
In terms of overall trust based on ratings from ForexBrokers.com, iFOREX and FXPrimus score closely. iFOREX has a Trust Score rating of 75, positioning it in the average risk category. FXPrimus, slightly behind with a rating of 71, also falls into the same average risk group. Neither brokerage holds any Tier-2 licenses, which would contribute to a more trusted label. Therefore, those seeking stability in a platform should take these ratings and licenses into account when choosing between these two well-established brokers.
| Feature |
iFOREX
|
FXPrimus
|
|---|---|---|
| Year Founded | 1996 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When it comes to evaluating online brokers for their commissions and fees, iFOREX and FXPrimus present distinct offerings. iFOREX, with no available data on average spreads, receives a rating of 3 out of 5 stars. ForexBrokers.com ranks iFOREX at #60 out of 62 brokers in the Commissions and Fees category, indicating there's room for improvement in terms of cost-effectiveness and transparency.
On the other hand, FXPrimus fares better in the Commissions and Fees assessment, earning a higher rating of 4 out of 5 stars. Like iFOREX, average spread data is unavailable, but the broker is ranked #42 out of 62 by ForexBrokers.com. This suggests that FXPrimus generally offers more favorable terms regarding fees, appealing to traders who prioritize cost considerations.
In summary, while both brokers lack specific information on average spreads, FXPrimus emerges as the more competitively priced option compared to iFOREX. With FXPrimus's better star rating and ranking, traders looking to minimize costs may find FXPrimus to be the more attractive choice between the two.
| Feature |
iFOREX
|
FXPrimus
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | 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 comparing iFOREX and FXPrimus, both brokers offer forex trading through contracts for difference (CFDs) or spot contracts, making them accessible for those interested in the forex market. iFOREX stands out with a more extensive selection, providing 750 tradeable symbols and 88 forex pairs. In contrast, FXPrimus offers a total of 140 symbols and 42 forex pairs. Both brokers do not support the trading of actual stocks on U.S. or international exchanges, meaning clients cannot purchase shares like Apple or Vodafone directly. Additionally, neither platform allows for the purchase of actual cryptocurrency; however, both offer cryptocurrency derivatives, enabling investors to speculate on price movements without owning the coins.
FXPrimus offers the unique feature of copy trading, which allows investors to mirror the trades of more experienced traders, a service not supported by iFOREX. Despite this, FXPrimus and iFOREX share the same rating of 3.5 stars for their range of investments. However, iFOREX ranks higher at #41 compared to FXPrimus's #59 in ForexBrokers.com's assessment among 62 brokers. These differences can help traders decide based on the variety of assets they wish to access and the specific features that align with their trading strategies.
| Feature |
iFOREX
|
FXPrimus
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 750 | 140 |
| Forex Pairs (Total) | 88 | 42 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | No | 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.
When comparing the trading platforms and tools offered by iFOREX and FXPrimus, there are some clear differences that can cater to distinct trading preferences. iFOREX provides a proprietary platform accessible via a web-based interface, catering to those who prefer not to download software but still seek a comprehensive online trading experience. However, it may not suit individuals intent on nurturing trading skills through practice, as it does not offer a simulated trading option or compatibility with MetaTrader platforms like MT4 or MT5. On the other hand, FXPrimus caters to a broader range of traders by offering both a proprietary platform and compatibility with MetaTrader 4 and 5. Additionally, its provision of a Windows-based desktop download platform and a free virtual demo account allows users to practice trading in a risk-free environment.
Both iFOREX and FXPrimus excel in graphical tools, with iFOREX offering more charting capabilities with 25 drawing tools. However, FXPrimus stands out by enabling copy trading, a feature not available with iFOREX. For those who prioritize watchlist customization, iFOREX provides more flexibility with nine available fields, compared to FXPrimus's seven. Despite these differences, both platforms allow users to trade directly from stock charts and have received a four-star rating for their trading platforms and tools. Overall, while FXPrimus slightly outperforms iFOREX in industry rankings from ForexBrokers.com, each platform caters to different types of investors based on needs for platform type, trading instruments, and learning options.
| Feature |
iFOREX
|
FXPrimus
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 57 | 30 |
| Charting - Drawing Tools (Total) | 25 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 9 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both iFOREX and FXPrimus offer user-friendly mobile apps for iPhone and Android, making it easy for traders to stay connected on the go. However, FXPrimus provides more advanced features for charting and alerts. While iFOREX lacks the capability to send stock or forex price alerts, FXPrimus ensures traders never miss a beat with its alert feature. FXPrimus also stands out with 30 technical studies available for its charts, compared to iFOREX, which doesn't provide this functionality. Additionally, FXPrimus allows users to draw trendlines on charts and view multiple time frames, while iFOREX does not offer these options.
When it comes to watchlist management and chart customization, FXPrimus shines again with real-time quote watchlists and auto-saving of chart drawings, features that iFOREX does not support. Despite these differences, both platforms have received a 4-star rating for their mobile trading apps. In rankings by ForexBrokers.com, FXPrimus holds a slightly higher position at #47 out of 62 brokers, as opposed to iFOREX, which ranks at #55. This comprehensive overview should help traders understand the varying functionalities each platform provides, guiding them in selecting the app that best fits their trading style and needs.
| Feature |
iFOREX
|
FXPrimus
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | No | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | No | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
Both iFOREX and FXPrimus provide daily market commentary, ensuring traders receive regular insights to aid in their trading decisions. However, neither platform offers forex news from leading sources like Bloomberg or Reuters. While both lack Autochartist tools, iFOREX distinguishes itself with access to Trading Central's technical analysis, which FXPrimus does not offer. Moreover, iFOREX provides a sentiment trading tool to help users gauge market direction, a feature absent in FXPrimus's offering. Both brokers do provide an economic calendar to track vital global news events.
When it comes to research tools, both iFOREX and FXPrimus fall short in offering resources from TipRanks or Acuity Trading. With a research rating of 3.5 stars, iFOREX ranks higher than FXPrimus, which holds a 3-star rating. This is reflected in their standings, with iFOREX positioned at #48 and FXPrimus at #58 in the Research category by ForexBrokers.com. For users prioritizing technical analysis and sentiment tools in their trading strategy, iFOREX may offer a slight edge.
| Feature |
iFOREX
|
FXPrimus
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | No | 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 comparing the educational offerings of iFOREX and FXPrimus for beginner traders, both online brokers present distinct strengths. FXPrimus shines with a wide variety of educational materials, providing more than 10 resources, including articles and videos focused on forex and CFDs. They also host at least one educational webinar each month, giving beginners access to ongoing learning opportunities. Additionally, FXPrimus has a searchable archive of recorded webinars, making it easier for newcomers to review past sessions at their own pace. However, they lag behind with less than 10 beginner video tutorials aimed at those who are just starting.
iFOREX, on the other hand, caters to beginners with over 10 educational videos designed specifically to introduce fundamental trading concepts. While they excel in this area, iFOREX lacks a larger library of educational resources centered on forex and CFDs and does not offer monthly webinars or a webinar archive. Neither broker provides an extensive investor dictionary, which could be helpful for defining key trading terms. According to ForexBrokers.com, iFOREX scores a slightly higher rating for education at 3.5 stars and is ranked #53 out of 62 brokers, narrowly trailing FXPrimus, which ranks #51 with a 3-star rating in the education category.
| Feature |
iFOREX
|
FXPrimus
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that iFOREX is better than FXPrimus. iFOREX finished with an overall rank of #52, while FXPrimus finished with an overall rank of #53.
iFOREX is operated by a long-standing company, previously known as Vestle, with regulatory status in a growing number of jurisdictions, offering forex and CFDs through its proprietary platform. The biggest drawback is the lack of markets you can trade with fewer than 200, compared to the best multi asset forex and CFD brokers.
| Feature |
iFOREX
|
FXPrimus
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 75 | 71 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both iFOREX and FXPrimus provide the option to trade cryptocurrency derivatives, but neither platform offers the ability to purchase actual delivered cryptocurrencies.
While neither iFOREX nor FXPrimus supports ACH or SEPA transfers for depositing or withdrawing funds, iFOREX distinguishes itself by accepting PayPal alongside Skrill, Visa, Mastercard, and bank wire options, whereas FXPrimus supports Skrill, Visa, Mastercard, and bank wire transactions but not PayPal.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | iFOREX | FXPrimus | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 75 | 71 | |
| Winner | check_circle | ||
| Review |
| Broker Screenshots | iFOREX | FXPrimus | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
| Education Gallery (click to expand) |
| Regulation | iFOREX | FXPrimus | |
|---|---|---|---|
| Trust Score | 75 | 71 | |
| Year Founded | 1996 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | iFOREX | 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) | Yes | 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) | iFOREX | FXPrimus | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | iFOREX | FXPrimus | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 750 | 140 | |
| Forex Pairs (Total) | 88 | 42 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | No | 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 | iFOREX | FXPrimus | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | iFOREX | FXPrimus | |
|---|---|---|---|
| Minimum Deposit | $100 | $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 | iFOREX | FXPrimus | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | iFOREX | FXPrimus | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | 9 | 7 | |
| Charting - Indicators / Studies (Total) | 57 | 30 | |
| Charting - Drawing Tools (Total) | 25 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | No | Yes |
| Mobile Trading | iFOREX | FXPrimus | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | No | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | N/A | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | No | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | iFOREX | FXPrimus | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | iFOREX | FXPrimus | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | iFOREX | 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 |
| Overall | iFOREX | FXPrimus | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 75 | 71 | |
| Winner | check_circle | ||
| Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill
