FXPRIMUS is a CySEC regulated broker that offers the trading of spot forex, spot metals, equities, market indices and other types of CFDs. The broker offers the MT4 platform for Windows and Mac Desktop and offers no dealing desk execution through an ECN account.
Back in July Trading Point Group, which also operates XM, one of the leading brokers on the forex market, launched Trading.com. Currently the new brand is available only to European customers under a UK license, but latter when the process of obtaining a US license from the National Futures Association (NFA) is finalized, Trading.com will be introduced cross the Atlantic as well.
|#||Broker's Features||TRADING POINT OF FINANCIAL INSTRUMENTS Availability||FXPRIMUS Availability|
|#||Accepts US traders||❌||❌|
|#||24 hour trading||✔||❌|
|#||Trading by phone||❌||❌|
|#||1st deposit bonus||❌||❌|
|#||Forex contests competitions||❌||❌|
|#||Interest charges on the balance||❌||❌|
|#||24 hour support||✔||❌|
The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare Trading Point of Financial Instruments vs Fxprimus.
Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. Trading Point of Financial Instruments offers Online Financial Trading and Investment Services Such as CFDs on Forex, Stocks, Indices, Metals, Commoditie, while Fxprimus offers Commodities, Metals, Oil, Gold, Indices.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. Trading Point of Financial Instruments is Broker, while Fxprimus is STP.
Minimum Deposit Requirement: To compare these two FX brokers, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. Trading Point of Financial Instruments recommended minimum capital is 5, while Fxprimus has a Minimum Deposit Requirement of .
Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Trading Point of Financial Instruments is regulated by FCA, while Fxprimus regulated by CySEC. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.
Account currencies: Next lets consider the Account currencies each broker offers. Trading Point of Financial Instruments offers EUR, USD, GBP, CHF, AUD, PLN, HUF different account currencies for each account types, while Fxprimus offers USD, EUR, GBP, AUD, SGD account currencies.
Languages Available: Next lets have a look at each broker's different Language options. Trading Point of Financial Instruments offers Czech, Dutch, English, French, German, Hungarian,, while Fxprimus offers Arabic, Chinese, English, French, German, Italian, Customer Support Languages.
Payment methods: Next lets have a look at each broker's payment options. Trading Point of Financial Instruments offers Bank Wire Transfer, VISA, MasterCard, Local Bank Transfers, different payment methods for each account types, while Fxprimus offers Bank Wire Transfer, Moneybookers payment methods.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Trading Point of Financial Instruments makes MT5, WebTrader available to clients, while Fxprimus offers MT4, FXPRIMUS WebTrader, iPhone, iPad.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, Trading Point of Financial Instruments is more reliable based on our criteria above. Trading Point of Financial Instruments offers a wider range of Account currencies. Why does base currencies matter? Because if you fund your account in the same currency as your bank account, currency conversion fees won't be charged. One of the criteria we looked at before opening an account on a forex broker is the minimum deposit amount. Trading Point of Financial Instruments broker offers lower minimum deposit requirement.
Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.