Spreadex vs FXPrimus 2024

Trust Score is a data-driven rating system that provides an at-a-glance rating of a broker’s overall trust by tracking 60+ brokers and over 100 regulatory jurisdictions across the globe. To make things clearer for everyday traders, we’ve created a five-tier system for regulators and Trust Score rating labels. Learn more about Trust Score, and check out our country guides to see the most trusted brokers in your country of residence.

Spreadex has a Trust Score of 71, giving it a "Average Risk" Trust Score Label.

FXPrimus has a Trust Score of 71, giving it a "Average Risk" Trust Score Label.

Spreadex is best known for pioneering sports betting, but it also caters to financial trading through its FCA-regulated entity in the U.K. Spreadex offers its proprietary Spreadex Trading platform as well as a growing selection of markets; that said, fans of third-party platforms like MetaTrader and cTrader will be disappointed to find that Spreadex does not support any third-party platforms. Spreadex can't compete with the best forex brokers in certain key categories, such as education and research, and its lack of additional Tier-1 regulatory licenses weighs down its overall Trust Score rating.

Founded in 2009, FXPrimus offers cTrader as well as the full MetaTrader suite (both MT4and MT5), but offers fewer than 140 symbols that can be traded from within its platform. Despite carrying indemnity insurance from its Vanuatu-regulated entity and holding a regulatory license in Cyprus, FXPrimus' lack of additional top-tier licenses brings down its overall Trust Score rating.

Tier-1 is reserved for the strictest, most stringent regulatory jurisdictions in the world. Tier-1 regulators impose additional capital requirements and require a tougher initial screening process. Spreadex holds regulatory licenses in the following Tier-1 jurisdictions: United Kingdom (U.K.) (FCA Authorised). FXPrimus, on the other hand, is licensed in these Tier-1 regulatory jurisdictions: none. Neither have Australia (ASIC Authorised), Canada (CIRO Authorised), Hong Kong (SFC Authorised), CBI Authorised (Ireland), Japan (SFC Authorised), Singapore (MAS Authorised), New Zealand (FMA Authorised), Switzerland (FINMA Authorised) and USA (CFTC Authorized)

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, Spreadex is none, while FXPrimus is Cyprus (CySEC Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), South Africa (FSCA Authorised), Thailand (SEC Authorised) and UAE (DFSA/Central Bank Authorised). When comparing tier-3 licenses Spreadex is none, while FXPrimus is Vanuatu (VFSC Authorised).. Neither have Bahamas (SCB Authorised), Belize (FSC Authorised), Bermuda (BMA Authorised), British Virgin Islands (FSC Authorised), Cayman Islands (CIMA Authorised) and Mauritius (FSC Authorised).

Whether your broker develops its own proprietary platforms or provides access to popular third-party platforms, you should make sure you can use your preferred type of trading platform. In our testing, we found that Spreadex offers a Proprietary Platform, whereas FXPrimus supports a Proprietary Platform, Desktop Platform (Windows) and cTrader. Neither have DupliTrade and ZuluTrade

For MetaTrader Spreadex provides neither of these, while FXPrimus provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5). If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.

Spreadex requires a minimum deposit of $0, while FXPrimus requires a minimum deposit of $100. It's also important to ensure your broker accepts the funding options and deposit methods that work best for you. In our research, we've found that Spreadex supports Bank Wire (Deposit/Withdraw) and Visa/Mastercard (Credit/Debit) for funding and deposit methods, whereas FXPrimus supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw). Neither have PayPal (Deposit/Withdraw)

When choosing a forex broker, it’s important to consider each broker’s available investment products and tradeable asset classes. We’ve researched each broker’s individual offering of investments to help you pick the right broker for what you want to trade. During our testing, we found that Spreadex delivers a more diverse selection of investment options than FXPrimus, offering tradeable asset classes and investment types such as Forex Trading (Spot or CFDs), Spread Betting, Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD).

We also keep track of each broker’s total number of tradeable symbols; Spreadex offers 10000, and FXPrimus offers a total of 140 tradeable symbols.

Crypto trading has become popular among forex traders across a range of international jurisdictions. As a result, many forex brokers now offer crypto products to their clients; most crypto assets are offered either as an underlying physical asset (such as when you own actual bitcoin assets, for example) or as a derivative product like a CFD. If you are looking to trade physical cryptocurrencies, you’ll find that neither Spreadex nor FXPrimus allow you to trade physical cryptocurrencies.

Market research plays a huge role in any forex trader’s ability to conduct analysis within the global forex market. We test each broker’s research offering to help you decide which broker is right for your technical or fundamental analysis needs. Spreadex delivers the following research tools: Daily Market Commentary, Stock Charts and Forex News (Top-Tier Sources). FXPrimus, on the other hand, provides the tools listed here: Daily Market Commentary, Stock Charts and Social Trading / Copy Trading. Neither have Autochartist and Trading Central (Recognia)

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