Written by ForexBrokers.com
In this head to head comparison of Spreadex 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.
Founded in 1999, Spreadex and FXPrimus, established in 2009, are both online brokers that are not publicly traded and do not operate as banks. Each holds one Tier-1 license, the highest level of regulatory trust, reflecting a strong commitment to following financial guidelines and ensuring user security. With no Tier-2 licenses, both brokers maintain a streamlined focus on providing essential services with their top-tier licenses.
Both Spreadex and FXPrimus have obtained a Trust Score of 71 out of 99 from ForexBrokers.com. This rating indicates an average risk level, meaning they achieve a moderate level of trust based on their compliance and operational transparency within the industry. Despite their different founding years, both brokers present similar trust ratings due to their comparable regulatory standing.
| Feature |
Spreadex
|
FXPrimus
|
|---|---|---|
| Year Founded | 1999 | 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 | 0 | 1 |
When comparing the commissions and fees of Spreadex and FXPrimus, both brokers boast a solid four-star rating. Spreadex distinguishes itself with average spreads for the EUR/USD at 0.81 pips in January 2024, maintaining a minimum spread of 0.6 pips 60% of the time. This detailed data gives a clear picture of Spreadex's fee structure, offering clients a well-rounded perspective on potential costs.
FXPrimus also holds a four-star rating for its commissions and fees. However, specific information about its average spreads isn't available, making it more challenging to assess its overall value in terms of direct trading costs. While FXPrimus is rated similarly to Spreadex in terms of stars, the lack of precise spread data might leave some traders in the dark when it comes to anticipating trading expenses.
In terms of rankings, Spreadex is positioned at #30 out of 62 brokers in the Commissions and Fees category according to ForexBrokers.com. By comparison, FXPrimus ranks slightly lower at #42. These rankings provide additional insight, indicating that Spreadex might offer a more competitive fee structure relative to FXPrimus, which could be a crucial factor for cost-conscious traders making their broker selection.
| Feature |
Spreadex
|
FXPrimus
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 0.81 | 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) | 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 Spreadex and FXPrimus, there's a noticeable difference in the scope of investments on offer. Spreadex stands out with a vast array of 10,000 tradable symbols, which outshines the 140 that FXPrimus provides. While both brokers allow forex trading with CFDs or spot contracts, Spreadex offers a slightly broader selection with 52 forex pairs compared to FXPrimus's 42. However, neither broker gives an option to invest in exchange-traded securities on U.S. or international markets, meaning traditional stock buying isn't an option for clients in these platforms.
While both brokers offer cryptocurrency derivatives, they do not facilitate purchasing actual cryptocurrencies. An edge for FXPrimus is its offering of copy trading features, appealing to those who prefer a more hands-off approach. Despite this, Spreadex earns a stronger rating for its range of investments, scoring 5 stars, while FXPrimus garners 3.5 stars. Within the ForexBrokers.com range of investments category, Spreadex ranks #13, demonstrating a broader appeal compared to FXPrimus's position at #59.
| Feature |
Spreadex
|
FXPrimus
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 140 |
| Forex Pairs (Total) | 52 | 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 looking at Spreadex and FXPrimus, both online brokers offer unique trading platform experiences. Spreadex provides a proprietary, in-house developed web-based platform, catering to traders who prefer to operate directly from their browsers. However, it lacks a Windows-based desktop download option and doesn't support popular platforms like MetaTrader 4 or 5. With Spreadex, traders can't engage in simulated trading through a free demo account or benefit from copy trading features. However, users have access to 11 drawing tools for charting and can operate directly from a stock chart, using up to eight columns for watch lists.
In comparison, FXPrimus offers a more diverse range of trading platforms and tools. In addition to their proprietary platform, they provide Windows-based desktop applications and access to MetaTrader 4 and 5, appealing to traders who appreciate these well-known platforms. FXPrimus stands out by offering simulated trading through a free demo account and supporting copy trading, creating a more flexible environment for both new and experienced traders. While FXPrimus offers slightly fewer columns in watch lists, it compensates with 15 drawing tools for charting. Both brokers share a four-star rating for their trading platforms and tools, with Spreadex ranked slightly higher at #46 compared to FXPrimus at #49 by ForexBrokers.com.
| Feature |
Spreadex
|
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) | 55 | 30 |
| Charting - Drawing Tools (Total) | 11 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Spreadex and FXPrimus provide iPhone and Android apps for convenient mobile trading. These platforms allow users to set price alerts for stocks or forex, ensuring traders stay informed about market movements. While both brokers enable the drawing of trendlines and viewing of multiple time frames in their apps, FXPrimus takes the lead by offering 30 technical studies for charting, compared to Spreadex's absence of specific charting studies. Additionally, FXPrimus stands out with its feature to auto-save chart drawings, a function not available in Spreadex's app.
Creating watchlists with real-time quotes is possible on both apps; however, neither broker offers watchlist symbol syncing, meaning changes won't automatically synchronize between different platforms. Despite these differences, both companies receive strong user feedback with a 4-star rating for their mobile trading apps. In rankings by ForexBrokers.com, FXPrimus edges slightly ahead by securing the 47th spot compared to Spreadex's 49th, out of 62 brokers. Overall, these brokers cater well to mobile traders but offer distinct features that may appeal differently depending on user preferences.
| Feature |
Spreadex
|
FXPrimus
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Spreadex and FXPrimus both provide daily market commentary, ensuring traders stay updated with current trends. However, Spreadex has the edge when it comes to forex news, sourcing from top-tier agencies like Bloomberg and Reuters, which enhances its offerings compared to FXPrimus. Although neither platform incorporates popular tools like Autochartist or Trading Central for deep technical or fundamental analysis, Spreadex stands out with its unique sentiment-based trading tool, helping investors gauge market perspectives by highlighting long or short positions across currency pairs. Both platforms offer an economic calendar to keep users informed about global events, but additional research tools from companies like Acuity Trading or TipRanks are not integrated into their services.
When considering research quality, Spreadex is rated higher with four stars compared to FXPrimus's three-star rating. This distinction places Spreadex at rank #31 out of 62 brokers in the Research category according to ForexBrokers.com, while FXPrimus holds the #58 position. Overall, if you prioritize comprehensive market analysis and reliable news from top-name agencies, Spreadex might be more suitable for your trading needs. Both platforms, however, have room for growth, particularly in amplifying their analysis tools, which could further enhance their trading resources for users.
| Feature |
Spreadex
|
FXPrimus
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | 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 Spreadex and FXPrimus for their educational offerings aimed at beginners, both brokers provide a respectable foundation with at least 10 educational pieces focused on forex and CFDs. However, FXPrimus stands out by offering monthly online webinars and a searchable archive of past webinars, which can be a valuable resource for interactive and in-depth learning. On the other hand, Spreadex delivers comprehensive beginner videos covering various trading topics and also provides an investor dictionary with over 50 terms, making it a solid choice for those just starting out.
While both brokers do not offer a significant number of advanced educational videos, they cater to different aspects of beginner education. Spreadex shines with a higher rating of 4 out of 5 stars in the Education category and is placed at rank #45 out of 62 brokers by ForexBrokers.com. This is slightly better than FXPrimus, which has a 3-star rating and is ranked #51. For beginners seeking a more structured video learning path and resources like a dictionary, Spreadex may be more appealing. Meanwhile, FXPrimus's ongoing webinar content may attract those looking for consistent, live interaction and learning opportunities.
| Feature |
Spreadex
|
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 | No | 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 Spreadex is better than FXPrimus. Spreadex finished with an overall rank of #39, while FXPrimus finished with an overall rank of #53.
Spreadex is an FCA-regulated broker in the UK, offering forex and CFDs, and is well known for its sports betting business, and proprietary web trading platforms. Spreadex still has considerable room to improve, in key categories such as research and education, compared to the best forex brokers.
| Feature |
Spreadex
|
FXPrimus
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 71 |
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Both Spreadex and FXPrimus do not offer the ability to buy actual (delivered) cryptocurrency, but they both provide the option to trade cryptocurrency derivatives.
When comparing the online brokers Spreadex and FXPrimus, neither offers ACH or SEPA transfers nor PayPal for deposits and withdrawals, but FXPrimus supports Skrill while both platforms provide Visa, Mastercard, and bank wire options for account fund transactions.
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 | Spreadex | FXPrimus | |
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| Trust Score | 71 | 71 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
| Broker Screenshots | Spreadex | FXPrimus | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
| Education Gallery (click to expand) |
| Regulation | Spreadex | FXPrimus | |
|---|---|---|---|
| Trust Score | 71 | 71 | |
| Year Founded | 1999 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Spreadex | 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). | No | Yes |
| Tier-2 Licenses (Trusted) | Spreadex | 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 | Spreadex | FXPrimus | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 140 | |
| Forex Pairs (Total) | 52 | 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 | Spreadex | FXPrimus | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.81 | 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 | Spreadex | FXPrimus | |
|---|---|---|---|
| Minimum Deposit | $0 | $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 | Spreadex | 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 | Spreadex | FXPrimus | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 55 | 30 | |
| Charting - Drawing Tools (Total) | 11 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Spreadex | 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 | N/A | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Spreadex | FXPrimus | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Spreadex | 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 | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Spreadex | 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 | Spreadex Review |
| Overall | Spreadex | FXPrimus | |
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| Trust Score | 71 | 71 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
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