image FXPrimus VISIT FXPRIMUS image AAAFX VISIT AAAFX image IG VISIT IG
About

FXPrimus is regulated by CySEC, MiFID. FXPrimus have provided Forex trading services since 2009.

AAAFX is regulated by MiFID. AAAFX have provided Fore and CFD trading services since 2008.

IG is regulated by the Financial Conduct Authority and ASIC. IG have provided forex, spread betting, CFD, and stock trading services since 1974.

Why choose them?
  • Yes Over 9 years in business
  • Yes Segregates clients funds
  • Yes Regulated by CySEC, MiFID
  • Yes Over 10 years in business
  • Yes
  • Yes
  • Yes Over 44 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority and ASIC
Headquarters Cyprus Athens, Greece 14 Akti Kondyli Str, Piraeus, 18545 London, UK

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) No No Yes
CFD No No Yes
Spread Betting No No Yes
Social Trading Yes Yes No
MARKETS & INSTRUMENTS
Forex (currency pairs) 43 90
Commodities Offered 0 34
Stocks Offered 60 8000
Bitcoin No No Yes
Majors Yes Yes Yes
Indices Yes Yes Yes
US Stocks Yes Yes Yes
Penny stocks No No No
Energies Yes Yes Yes
Metals Yes Yes Yes
Agriculturals No Yes Yes
FTSE No Yes Yes
Dow Jones No Yes Yes
Dax No Yes Yes
Nikkei No Yes Yes
ETFs No Yes Yes
IPO No Yes Yes
See all instruments

71% of retail investor accounts lose money when trading CFDs with this provider

See all instruments

Losses can exceed deposits

See all instruments

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 Yes Yes Yes
MT5 No No No
MT4 Mac Yes No Yes
WebTrader Yes Yes Yes
Mirror Trader Yes No No
ZuluTrade No Yes No
Sirix No No No
cTrader No No No
PAMM Yes No No
Custom Platforms Platinum APINo No ProRealTime & L2 Dealer

APPS

iOS image Yes Yes Yes
Android image Yes Yes Yes
Windows image Yes No No
Available Languages

English, Spanish, Indonesian, Chinese, Thai, Vietnamese, Hungarian, and Malaysian

English, French, German, Arabic, Chinese, Russian, Spanish, Greek, Hebrew, Italian, and Korean

English, French, German, Spanish, and Portuguese

See platform & features

71% of retail investor accounts lose money when trading CFDs with this provider

See platform & features

Losses can exceed deposits

See platform & features

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by FXPrimus and AAAFX

Demo account Yes Yes Yes
Mini account Yes Yes Yes
Micro account Yes Yes No
Standard account Yes Yes Yes
ECN Account Yes No No
Islamic account Yes Yes No
Zero spread account No No No
VIP account No Yes Yes
Fixed spreads No No No
Variable spreads Yes Yes Yes
See account options

71% of retail investor accounts lose money when trading CFDs with this provider

See account options

Losses can exceed deposits

See account options

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

TRADING CONDITIONS

Scalping Yes Yes Yes
Hedging Yes Yes Yes
Expert advisors (EAs) Yes Yes Yes
Virtual private server Yes No Yes
Direct market access Yes Yes Yes
STP broker Yes Yes Yes
Market maker Yes Yes No
Min trade 0.01 Lot None £1
Max trade 80 lot None Variable
Min deposit $100 $300 $250

RISK MANAGEMENT

Stop losses Yes No Yes
Limit orders Yes Yes Yes
One-click trading Yes No Yes
Trailing stops Yes No Yes
Price alerts Yes No Yes
Signal trading Yes No Yes

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal No No Yes
Neteller Yes Yes No
Skrill No No No
Payment processing time 1-2 business days 1 business day Varies
Withdrawal processing time 2-5 business days 1 business day Varies
See all funding options

71% of retail investor accounts lose money when trading CFDs with this provider

See all funding options

Losses can exceed deposits

See all funding options

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

DETAILED INFO

Excluded countries BE,FR,IN,IL,PL,ZW
Contact email Send Email Send Email Send Email
phone number 357 25262084 (+30) 213-0176-380 44 20 7633 5300
Live Chat Yes Yes Yes
Website http://www.fxprimus.com/ https://www.aaafx.com/ http://www.ig.com/
Forex Spreads
EUR/USD 0.50 0.60
GBP/USD 1.00 0.90
USD/JPY 0.80 0.70
AUD/USD 1.1 0.6
Cryptocurrency Spreads N/A 10
View all FX spreads

71% of retail investor accounts lose money when trading CFDs with this provider

View all FX spreads

Losses can exceed deposits

View all FX spreads

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

INDICE SPREADS
Dax 30 2.5 1.0
Nasdaq 100 N/A 1.0
Euro Stoxx 50 3.2 1.5
ASX 200 1.0
S&P 500 0.5 0.4
FTSE 100 N/A 1.0
Google 1 to 20
Facebook 4 points per side
View all spreads

71% of retail investor accounts lose money when trading CFDs with this provider

View all spreads

Losses can exceed deposits

View all spreads

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

FEES

Inactivity Fee No No Yes
Commission No Yes Yes (0.1%)
Deposit Fee Varies Yes Varies
Withdrawal Fee Varies Varies No
View All Fees

71% of retail investor accounts lose money when trading CFDs with this provider

View All Fees

Losses can exceed deposits

View All Fees

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

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Last update

All information collected from http://www.fxprimus.com/. Last updated on 01/06/2019.

All information collected from https://www.aaafx.com/. Last updated on 01/06/2019.

All information collected from http://www.ig.com/. Last updated on 01/06/2019.

Company

As a brokerage company that will not trade against you and regulated by multiple authorities across Eurpoe, FX Primus is a firm you can trust. They are part of a select group of brokers that undergo an annual audit to provide transparency and comfort knowing they are above board and comply with all facets of the law.

FX Primus have partnered with industry experts to provide their users with the most advanced techology resulting in optimal trading enviornments with low latency and fast execution. They pride themselves on their customer support team and thus provide 25 hour support, 5 days a week.

AAAFX is an online forex trading service provider. They are regulated by MiFID. To open an account with AAAFX, minimum deposits start from $300 for trading activities.

With AAAFX you can trade Forex, indices, commodities and CFD. If you like to trade on the go, AAAFX have iPhone, iPad and Android apps so you can trade from anywhere on your phone.

AAAFX offer ZuluTrade and the MetaTrader 4 platforms to make your trades and support 15 different languages.

You can see all of AAAFX's spreads here.

Founded in 1974, IG are one of the largest and most respected brokers in the world. With over 125,000 traders, low margins and spreads, and a range of platforms, they're a popular choice for traders looking for a reputable broker that also offers a good range of markets and trading options.

IG are also one of the few brokers that offer experienced traders the chance to upgrade to an elective professional status. For more information about trading with IG, we have put together an indepth IG review with all the pros and cons about this broker.

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FXPrimus or AAAFX?

ECN execution or offers VIP accounts ?

If you’re a trader looking for a broker that offers ECN execution (as opposed to a market maker), FXPrimus is likely the better choice. However, if

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider FXPrimus to be the more reliable broker. We’ve broken down why below:

Who are they regulated by?

FXPrimus is regulated by CySEC, MiFID, while AAAFX is regulated by HCMC.

IG are also regulated by the Financial Conduct Authority.

How long have they been around for?

If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).

This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.

FXPrimus has been around for 10 years, while AAAFX have been around for 11 years. Our third alternative broker, IG, have been around for 45 years.

Do they hold your money in a separate bank account?

You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?

Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.

All three brokers above will hold your money in a separate bank account.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.

Both FXPrimus and AAAFX use tier one banks, but we are not sure of which bank specifically.

Have they been fined or penalised in the last five years?

If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

Are they publicly listed?

Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.

Both FXPrimus and AAAFX are privately owned companies.

Where are they located?

Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.

FXPrimus are based in Cyprus, while AAAFX are based in Athens, Greece 14 Akti Kondyli Str, Piraeus, 18545.

Do they offer the features you need?

Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.

This can be broken down into three categories:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

If you’re looking to trade currency pairs, both FXPrimus and AAAFX offer forex trading. FXPrimus have a slightly larger variety of currency pairs with 43 pairs, compared to offered by AAAFX. Also, if you’re looking to trade cryptocurrencies,

If you’re looking to trade commodities like gold, silver or oil, FXPrimus may be a better fit as AAAFX does not offer commodity trading.

FXPrimus and AAAFX both offer social trading, which is a modern approach to trading that allows you to follow like-minded traders, copy their trading activity, and engage in discussion around trading strategies.

Platforms & Account Types

If you trade forex, there’s a good chance you might want a broker that offers the popular MT4 trading platform. If that’s the case, both FXPrimus and AAAFX offer this. Our alternative broker, IG, also offers MT4 and MT5.

In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. AAAFX, for example, offer a mini account, standard account and VIP account.

For Muslim traders, FXPrimus offers an Islamic account, which doesn’t accrue interest or incur/receive rollover swap points, as this is prohibited in Shariah law. You can learn more & compare Islamic trading accounts head-to-head here.

Trading features, risk management tools & funding methods

If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.

FXPrimus does allow scalping and hedging. While AAAFX also allows scalping and hedging. You can trade with EAs (expert advisors) on both FXPrimus and AAAFX.

In terms of risk management tools, neither FXPrimus or AAAFX offers negative balance protection. Negative balance protection prevents you owing your broker more than you’ve deposited.

FXPrimus also offer stop losses, limit orders, and price alerts to help you automate aspects of your trading strategy.

FXPrimus accept Neteller while AAAFX accept Neteller.

Are they affordable for what you need?

Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.

For trading EUR/USD, FXPrimus charges 0.50 points, while AAAFX charges points. Therefore, AAAFX is the more affordable for this instrument. If you want to compare their spreads across more instruments, You can jump back up to our comparison of their currency pair & indice spreads above.

Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.

The Verdict: FXPrimus or AAAFX?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, FXPrimus is more reliable based on our criteria above. FXPrimus has a wider range of instruments to trade. FXPrimus offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.

Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:

Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.