BrokerDNA

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

FXPrimus
9.3 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT FXPRIMUS
Admiral Markets
9.8 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT ADMIRAL MARKETS
XTB
10 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT XTB
About

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

Admiral Markets is regulated by BaFin, the Financial Conduct Authority and CNMV. Admiral Markets have provided Forex, Commodities, Indices, Shares, Bond trading services since 2001.

XTB is regulated by the Financial Conduct Authority. XTB have provided Forex, CFD, and social trading services since 2002.

Why choose them?
  • Yes Over 9 years in business
  • Yes Segregates clients funds
  • Yes Regulated by CySEC, MiFID
  • Yes Over 17 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, CySEC
  • Yes Over 16 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, KNF, and CMB.
Headquarters Cyprus London, UK Level 34, One Canada Square, Canary Wharf, E14 5AA, London, UK

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) No Yes Yes
CFD No Yes Yes
Spread Betting No No No
Social Trading Yes No No
MARKETS & INSTRUMENTS
Forex (currency pairs) 43 36 48
Commodities Offered 0 0 21
Stocks Offered 60 64 1606
Bitcoin No Yes Yes
Majors Yes Yes Yes
Indices Yes Yes Yes
US Stocks Yes Yes Yes
Penny stocks No No Yes
Energies Yes Yes Yes
Metals Yes Yes Yes
Agriculturals No No Yes
FTSE No Yes Yes
Dow Jones No Yes Yes
Dax No Yes Yes
Nikkei No Yes Yes
ETFs No Yes Yes
IPO No No Yes
See all instruments

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

See all instruments

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

See all instruments

71% of retail investor accounts lose money when trading 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 Yes No
MT4 Mac Yes Yes Yes
WebTrader Yes Yes Yes
Mirror Trader Yes No Yes
ZuluTrade No No No
Sirix No No No
cTrader No No No
PAMM Yes No No
Custom Platforms Platinum APINo -No Xstation5

APPS

iOS image Yes Yes Yes
Android image Yes Yes Yes
Windows image Yes Yes Yes
Available Languages

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

English, Spanish, Hungarian, Bulgarian, Czech, German, Dutch, French, Estonian, French, Greek, Latvian, Lithuanian, Moldovian, Croatian, Slovenian, Polish, Russian, Serbian, Romanian, Ukrainian, and Croatian

English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Turkish, Arabic, and Russian.

See platform & features

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

See platform & features

83% of retail investor accounts lose money when trading CFDs with this provider

See platform & features

77% of retail investor accounts lose money when trading CFDs with this provider.

ACCOUNT INFORMATION

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

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

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

See account options

83% of retail investor accounts lose money when trading CFDs with this provider

See account options

77% of retail investor accounts lose money when trading CFDs with this provider.

TRADING CONDITIONS

Scalping Yes Yes Yes
Hedging Yes Yes Yes
Expert advisors (EAs) Yes Yes Yes
Virtual private server Yes Yes No
Direct market access Yes Yes Yes
STP broker Yes Yes Yes
Market maker Yes No Yes
Min trade 0.01 Lot 0.01 Lot 0.01 Lot
Max trade 80 lot 200 Lot 100 Lot
Min deposit $100 $200 $1

RISK MANAGEMENT

Stop losses Yes Yes Yes
Limit orders Yes Yes Yes
One-click trading Yes Yes Yes
Trailing stops Yes Yes 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 Yes
Skrill No Yes Yes
Payment processing time 1-2 business days 1 business day Same day if requested before 1PM
Withdrawal processing time 2-5 business days 3 business days Same day if requested before 1PM
See all funding options

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

See all funding options

83% of retail investor accounts lose money when trading CFDs with this provider

See all funding options

77% of retail investor accounts lose money when trading CFDs with this provider.

DETAILED INFO

Excluded countries US, CA, JP, SG, MY, JM, IR, TR US, CA, JP, SG, MY, JM, IR, TR US,IN,PK,BD,IQ,IR,IL,AF,AU,CA
Contact email Send Email Send Email Send Email
Phone number 357 25262084 (44) (0) 2035140756 44 2036953085
Live Chat Yes Yes Yes
Website http://www.fxprimus.com/ https://admiralmarkets.com/ www.xtb.com
Spreads:
EUR/USD (Average: 0.7 pips) 0.5 pips + $20.00 Not offered 0.1 pips
GBP/USD (Average: 1.1 pips) 1.0 pips + $20.00 Not offered 0.1 pips
USD/JPY (Average: 1.1 pips) 0.6 pips + $20.00 Not offered 0.1 pips
AUD/USD (Average: 0.8 pips) 1.1 pips + $20.00 0.1 pips + $6.00 0.2 pips
USD/CHF (Average: 2.3 pips) 1.1 pips + $20.00 Not offered 0.2 pips
USD/CAD (Average: 2.9 pips) 1.1 pips + $20.00 Not offered 0.3 pips
NZD/USD (Average: 3.6 pips) 1.3 pips + $20.00 0.1 pips + $6.00 0.3 pips
EUR/GBP (Average: 2.4 pips) 1.3 pips + $20.00 0.3 pips + $6.00 0.1 pips
View all spreads

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

View all spreads

83% of retail investor accounts lose money when trading CFDs with this provider

View all spreads

77% of retail investor accounts lose money when trading CFDs with this provider.

FEES

Inactivity Fee No No No
Commission No Yes Yes
Deposit Fee Varies Varies No
Withdrawal Fee Varies No No
View All Fees

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

View All Fees

83% of retail investor accounts lose money when trading CFDs with this provider

View All Fees

77% of retail investor accounts lose money when trading CFDs with this provider.

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Last update

All information collected from http://www.fxprimus.com/. Last updated on 01/08/2019.

All information collected from https://admiralmarkets.com/. Last updated on 01/08/2019.

All information collected from www.xtb.com. Last updated on 01/08/2019.

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.

Admiral Markets has become a leading online trading provider since 2001 offering Forex and CFDs on stocks, indices and commodities. Their dedication to providing a quality experience for their customers have seen them provide the latest technology, strong regulatory authorisation, flexible trading accounts and a global presence leading to a trusted and transparent trading experience.

Admiral Markets accept deposit in multiple currencies are are converted into GBP, EUR, USD, CHF or other applicable currencies. They are regulated by the Financial Conduct Authority in the UK and the MiFID in the European Union. Admiral Markets offer unparalleled level of training to help traders make intelligent trading decision. Education programmes they offer include webinars, seminars, published books, brochures and various other education tools to stay up to date and informed.

To ensure client satisfaction they offer phone, live chat and email support in more than two dozen languages making Admiral Markets a great choice for everyone.

For more information about trading with Admiral Markets, we have put together an indepth Admiral Markets review with some of the pros and cons about this broker.

XTB provides hyper fast execution and facilitates seminars with external professional traders, providing personalised education depending on your individual circumstances.

XTB operates with two factors in mind; to provide traders with the fastest execution speeds and to be the most transparent broker on the market, which is reflected by the services and products they provide.

XTB also have a dedicated education area - the Trading Academy - which contains material to help you become a better trader, including video tutorials, trading courses, articles and much more to improve your skills at every step of your trading journey.

If you are looking for a broker that is regulated by the Financial Conduct Authority and focuses on transparency, fast execution speeds and customer service, XTB is a great option.

For more information about trading with XTB, we have put together an in-depth XTB review covering the pros and cons of this broker.

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FXPrimus or Admiral Markets?

Low spreads or a wide range of instruments?

If you’re a trader looking for a broker with low spreads on popular instruments like EUR/USD, FXPrimus is likely a better option. However, if you want a broker with a large range of instruments available to trade, Admiral Markets may be more suitable.

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 Admiral Markets to be the more reliable broker. We’ve broken down why below:

Who are they regulated by?

FXPrimus is regulated by CySEC, MiFID, while Admiral Markets is regulated by Financial Conduct Authority, CySEC.

As the Financial Conduct Authority are one of the most stringent regulators in the world, Admiral Markets will have very strict guidelines to follow to ensure they protect their retail trader clients.

XTB 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 Admiral Markets have been around for 18 years. Our third alternative broker, XTB, have been around for 17 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 Admiral Markets 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.

We’re not aware of any penalties or fines imposed by regulators on FXPrimus or Admiral Markets in the past five years.

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 Admiral Markets 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 Admiral Markets are based in London, UK .

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 Admiral Markets offer forex trading. FXPrimus have a slightly larger variety of currency pairs with 43 pairs, compared to 36 offered by Admiral Markets. Also, if you’re looking to trade cryptocurrencies, Admiral Markets offers a handful of cryptocurrency CFDs to trade, including Bitcoin, Ethereum and Ripple.

Both FXPrimus and Admiral Markets allow you to trade commodities like gold, silver and crude oil.

FXPrimus also offer social trading, which allows you to follow the trading activity, engage in discussion, and even copy the trades of other traders.

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 Admiral Markets offer this. Admiral Markets also offer the new & improved MT5 platform. Our alternative broker, XTB, 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. Admiral Markets, for example, offer a mini account, standard account and VIP account.

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 Admiral Markets also allows scalping and hedging. You can trade with EAs (expert advisors) on both FXPrimus and Admiral Markets.

In terms of risk management tools, neither FXPrimus or Admiral Markets 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 Admiral Markets 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 Admiral Markets charges 0.10 points. Therefore, Admiral Markets 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 Admiral Markets?

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

Objectively, Admiral Markets is more reliable based on our criteria above. Admiral Markets 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.