Compare PLUS500 Versus FXPRIMUS and IC Markets broker accounts.
Compare Plus500 Vs FXPrimus Side by Side
So you are looking for a broker, Plus500 or FXPrimus who should you choose?
When trading on financial markets you will want to know all about who Plus500 or FXPrimus are, and how they compare. You will naturally want to know how long Plus500 and FXPrimus have been in business and what reputation Plus500 and FXPrimus have. On top of this, you will need to discover if Plus500 and FXPrimus match your trading needs.
Having a reputable and dependable broker is crucial to your trading. The reason for this is quite a simple one You need to be sure in the knowledge that your money is in a segregated bank account with a financially regulated broker. Let us see how Plus500 and FXPrimus compare.
Well in our side by side comparison we make it easier for you to see what is right for you. As with anything the final decision on which broker to trade with should ultimately be based on what and how you going to trade.
Our comparison will help you judge the effectiveness, price, ease of use and support trustworthiness of Plus500 and FXPrimus side by side.
If you're itching to start trading, we can assist you in making a well-informed decision when comparing Plus500 and FXPrimus. By comprehensively comparing Plus500 and FXPrimus features and services, you can choose a trading platform that best suits your needs and preferences. We aim to equip you with the knowledge to make an educated decision and feel confident in your trading journey with Plus500, FXPrimus or an alternative broker.
Our Comparebrokers.co team has painstakingly spent months assessing different brokers accounts. We collected over 1200 data points on Plus500 and FXPrimus. To simplify things, we analyzed everything for you and provide the main points in relevant blocks on this page.
Regulation alongside currency availability is important when deciding upon a broker. It is very important when selecting a broker like the Plus500 platform or FXPrimus that they are regulated. To finish off our comparison, let's look at the popular tools and features traders prefer side by side.
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Plus500 is regulated by the Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039) FSA, Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules, Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18), Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (F005651) DFSA.
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The Plus500 online trading platform gives traders from all over the world access to over 2,800
financial instruments including over 130 available instruments. There are over 24,000,000+ registered customers that have taken advantage
of the Plus500 platform.
Plus500 are regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039) FSA, Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules, Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18), Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (F005651) DFSA.
FXPrimus is a renowned Cyprus financial trading brokerage
established in 2009.
FXPrimus serves customers globally and are regulated by Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID).
Depending on the country you are trading from Plus500 may serve you from a
different business entity to comply with its financial regulators.
FXPrimus is not listed on any stock market, does not disclose its yearly report on its website.
This is not terribly unusual for a broker, but you will want to check all of this out before you continue. Financial regulation is the most important thing to consider. Plus500 is listed as a publically traded company so are a reputable broker.
Benefits of Plus500 and FXPrimus Compared
Below, we will give you a summary of the benefits Plus500 and FXPrimus offer side by side.
Plus500 offers a minimum deposit of 100 while FXPrimus have a 100 minimum deposit.
Why smaller trading deposits are good and how Plus500 and FXPrimus compare
One primary and self-evident factor to remember is that you must only deposit an amount that fits your financial capacity with either Plus500 or FXPrimus. If you have limited financial resources, the broker with the most affordable deposit option will be more appealing. Plus500 requires a minimum deposit of 100, whereas FXPrimus mandates a minimum deposit of 100.
One additional factor to consider while venturing into more precarious yet potentially lucrative financial instruments is to limit your speculation to a modest proportion of your designated trading funds.
It's advisable not to be deterred by a broker's higher minimum deposit, whether it's Plus500 or FXPrimus, and instead focus on the comprehensive trading features offered by their platform. Frequently, a higher minimum deposit provides access to a wider range of financial assets and research tools on the trading platform.
Plus500 allows traders to trade up to 2,800 financial instruments (CFDS only) while FXPrimus have around 130 on their trading platform.
The more instruments available on Plus500 and FXPrimus trading platforms the more potential financial instruments you can buy or sell for your portfolio.
It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities
and you seriously do not want to miss out on a trading opportunity due to the limitations of Plus500 or FXPrimus.
The Plus500 trading platform has 1,600 stocks listed (CFDS only)
while FXPrimus has 60 stocks listed.
Plus500 allows retail traders to trade the following assets CFDs, CFD Shares, CFD Indices, CFD Forex, CFD Commodities, CFD ETFs, CFD Options, CFD Futures, Real shares via Plus500Invest on the Plus500 Web Trader, Tablet & Mobile apps trading platforms.
Alternatively FXPrimus allows retail traders to trade Forex, Social Trading on the FXPrimus MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps trading platforms.
Compare Plus500 and FXPrimus in more detail below.
Drawbacks of Plus500 and FXPrimus Compared
Below we compare what drawbacks Plus500 and FXPrimus have side by side.
Various potential downsides can be associated with certain brokers, including Plus500 and FXPrimus. One primary drawback is the potential restrictions that may be imposed. Generally, the more diverse investment options available, the more favourable the situation. Another critical aspect to consider is the trading fees and commissions charged by Plus500 compared to FXPrimus. High trading fees and commissions can significantly impact potential profits. Additionally, essential factors to consider are the quality of trading research tools, educational resources, and the overall user-friendliness of Plus500 versus FXPrimus.
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AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC.
US, IR, CA, NZ, JP
Plus500 Vs FXPrimus Available Financial Markets
The saying 'Variety is the spice of life' holds for financial markets. It is always advisable to have a diversified investment portfolio whether trading with Plus500 or FXPrimus. A diversified portfolio with Plus500 or FXPrimus can safeguard your investments from significant downturns in any particular market. For instance, when one stock rises, others may follow suit.
Conversely, when the market takes a downturn, it can be disastrous for your investments. The most effective investment portfolios cover potential risks and encompass many businesses and stocks. When creating a diverse investment portfolio with brokers like Plus500 or FXPrimus, it is recommended to have access to a variety of tradable assets, commodities, and securities on different trading platforms such as Plus500 and FXPrimus.
*Plus500 offers CFDs only, all the instruments are available for trading only through CFDs.
Since the creation of Bitcoin, the world of cryptocurrencies has been booming, including on trading platforms like Both Plus500 and FXPrimus, and it's not difficult to see why. Cryptocurrencies have the potential to turn modest investments into millions, although this is a rare occurrence. This feat is hard to achieve compared to other financial instruments like stocks and shares. Both Plus500 and FXPrimus offer some form of cryptocurrency trading.
Bitcoin is the most popular cryptocurrency, but thousands of altcoins could experience a similar rise. Altcoins follow the same trajectory as Bitcoin, similar to how stocks rise and fall with the market.
Investing in cryptocurrencies with Plus500 or FXPrimus is considered a high-risk venture. The prices of cryptocurrencies can experience extreme highs and lows. If you choose to invest in cryptocurrencies, allocating only a fraction of your portfolio or trading budget to it is essential. Crypto trading with Plus500 or FXPrimus could lead to one of the most exciting trades you've ever made, depending on the market. Please remember that cryptocurrency availability on Plus500, FXPrimus, and all brokers are subject to regulation.
We compare Plus500 vs FXPrimus Crypto options below side by side.
Allows Cryptocurrency Trading (availability subject to regulation)
Yes through CFDs only.
BCH, BTC, ETH, LTC, XRP, IOTA, NEO, EOS, XMR
BTC, BCH, ETH, LTC, DASH, XRP, EOS, EMC, NMC, PPC
Plus500 Vs FXPrimus Commission and Fees
knowing your trading and commission fees with Plus500 vs FXPrimus is extremely important.
For the majority of the Plus500 2,800 financial instruments
and FXPrimus 130 available financial
The price you are being presented with will factor in the fee the broker takes. For example, if a financial asset is at 79.6. You might have to pay 79 to enter. Therefore, you will start with a small loss with Plus500 and FXPrimus. The bigger the fee, the bigger the issue is. Most alarmingly, some financial assets charge you to hold on to the asset overnight or over the weekend. Some commodities and stocks you are using leverage on may have overnight charges. Please check your fees with Plus500 and FXPrimus before you invest because you must know what you are paying.
You ideally want to choose a broker like Plus500 or FXPrimus that does not charge too much for withdrawal fees. High trading fees and commissions will eat into your profits. The fees will be noticeable if you have a low budget and do not intend to invest so much with Plus500 or FXPrimus. You want the withdrawal fee to be less than one per cent of what you are withdrawing but, more ideally, $5 to $10.
Please note that Plus500 traders can make up to five withdrawals per month of money for free - with no Plus500 charges. If you decide to make more Plus500 withdrawals on the Plus500 trading platform than that, then they will need to pay $10 each.
Your location or residence will have an impact on your potential Plus500 and FXPrimus fees, of course. Make sure you do your research and check the commission and fees with both Plus500 and FXPrimus before you invest anything.
Some brokers will charge inactivity fees. As the name suggests, this occurs when you have been inactive on your account for a certain period.
Also, with Plus500 or FXPrimus be aware of or 3rd party payment provider fees and currency conversion fees.
Plus500 does charge inactivity fees, while FXPrimus does not charge inactivity fees.
Numerous notifications are usually sent to you as a reminder of dormant Plus500 and FXPrimus accounts, giving you sufficient time to decide on the appropriate course of action. You can opt to continue using your Plus500 or FXPrimus account, or choose to close it.
Usually, the associated fees for dormant Plus500 or FXPrimus accounts are quite minimal, and there is no need to panic, particularly when the issue can be easily resolved. It's always advisable to keep track of your live Plus500 or FXPrimus trading account activity to avoid any unnecessary fees or charges.
When you deposit money to a broker like Plus500 or FXPrimus you might need to pay deposit fees. The lower, the better. Most preferably, you would have to pay Plus500 or FXPrimus nothing for this. If this is the case, it can be a big problem. Constant deposits will eat into your profit, so this will take some consideration before you sign up.
Let's see how Plus500 vs FXPrimus compare side by side for commissions and fees.
We live in an accessible world these days. Therefore, your trading platform has to consider this. The ability to trade with the click of a button is essential and allows you to make trading decisions on the Plus500 and FXPrimus platforms when convenient. Without this, you cannot take advantage of every situation that may or may not occur in the financial markets.
Some brokers offer bespoke trading platforms, so if a particular broker does not offer the trading software you are looking for, their proprietary trading platform may be better. You must test this yourself with an Plus500 or FXPrimus demo account.
Trading on your mobile with Plus500 and FXPrimus can be very useful. Why is this? Well, the stock market sees market movement every second. If you are not near your desktop computer, you will probably be near and have access to your phone and Plus500 and FXPrimus mobile trading apps. This way, you can take advantage of all potential trading opportunities mobile trading with Plus500 or FXPrimus. For example, a stock might move to an all-time low when you are out. In this instance, having access to mobile trading with Plus500 or FXPrimus can help limit your risk and trade on the move.
If you own an iPhone, having an IOS Apple mobile trading app with Plus500 or FXPrimus is essential.
Likewise, if you have an android phone, it's crucial to verify if Plus500 or FXPrimus broker provides an app compatible with Android devices. If you use Microsoft Windows tablets or phones, you must also check if Plus500 and FXPrimus have trading apps compatible with your device.
A demo account with Plus500 or FXPrimus is extremely useful for people without trading experience. This way, you risk none of your money and test your trading skills in a safe environment. For people with next to no knowledge of trading, we recommend fully signing up with an Plus500 and FXPrimus demo account.
Plus500 Vs FXPrimus Micro Account
Micro accounts are trading accounts used by Forex traders that allow them to trade with smaller amounts of capital than standard trading accounts. Micro accounts require a smaller minimum deposit, usually ranging from $1 to $500, and offer smaller trade sizes than standard accounts, allowing traders to manage their risk more effectively.
If you need a micro account check if Plus500 or FXPrimus offer micro trading accounts in your region.
Overall, micro accounts provide a flexible and cost-effective way for Forex traders to enter the market and gain valuable trading experience while minimizing risks. However, traders need to remember that Forex trading carries significant risks, and they should always approach trading with caution and sound risk management strategies.
Plus500 does not offer clients Micro accounts, while FXPrimus does offer clients Micro accounts.
Plus500 Vs FXPrimus Standard Account
A standard account is available on Plus500 and FXPrimus to more experienced traders. This account allows users to trade on stocks, commodities, crypto etc. To open one of these retail investor accounts, users must trade with at least $100. Standard trading accounts are what the majority of people will seek to use.
Both Plus500 and FXPrimus do offer clients Standard accounts.
Plus500 Vs FXPrimus MAM Account
A MAM (Multi-Account Manager) account is typically used by professional traders. It allows a trader to manage multiple individual trading accounts from a single master account, making it easier to execute trades and manage risk across multiple clients. MAM accounts can help streamline the trading process and improve efficiency for trader and their clients. If you need a MAM account check if MAM accounts are available with Plus500 or FXPrimus or alternative.
Plus500 does not offer clients MAM accounts, while FXPrimus does offer clients MAM accounts.
Plus500 Vs FXPrimus ECN Account
The primary purpose of ECN accounts is to provide traders with faster execution speeds and better pricing by connecting them directly to the market. ECN accounts allow traders to exploit the tightest spreads and access the deepest liquidity pools.
ECN accounts are used for fast and efficient trading, with lower transaction costs and greater transparency. While they may not be suitable for all traders, those with the necessary experience and expertise can benefit greatly from using an ECN account.
If you need a ECN account check they are available with Plus500 or FXPrimus or alternative.
Plus500 does not offer clients ECN accounts, while FXPrimus does offer clients ECN accounts.
Plus500 Vs FXPrimus STP Account
Straight Through Processing or STP is where a requested client's trade orders are sent directly to the markets. STP brokers aim to reduce all conflicts of interest. STP is a non-dealing desk trading method aimed mainly at Forex traders.
If you need a STP account check they are available with Plus500 or FXPrimus or alternative.
Plus500 does not offer clients STP accounts, while FXPrimus does offer clients STP accounts.
Plus500 Vs FXPrimus Managed Account
A managed account is a type of investment account where a professional manager or investment firm is responsible for making investment decisions on behalf of the account owner. The account owner typically retains ownership of the underlying assets but delegates responsibility for managing those assets to the manager.
While some managed accounts require significant investment minimums to access the services of a professional manager, many brokers now offer variations of managed accounts that can be accessed with smaller investment amounts. It's important to note that the fees associated with managed accounts can vary widely depending on the level of service the manager provides and the investment strategy employed. Investors should carefully evaluate the costs and benefits of managed accounts before making an investment decision.
Plus500 does not offer clients Managed accounts, while FXPrimus does offer clients Managed accounts.
Plus500 Vs FXPrimus Withdrawal and Funding Methods
Plus500 and FXPrimus have multiple deposit and withdrawal options. Funding and withdrawing from your Plus500 and FXPrimus accounts to your chosen payment method should be straightforward. Lets see how Plus500 and FXPrimus compare with each other. Be aware that depending on your payment method, there may be additional processing fees from your payment provider or bank for processing and converting your funds. Not all potential fees will come from Plus500 or FXPrimus.
Credit cards, Debit Cards, PayPal, Wire Transfer, Neteller, Neteller VIP, Skrill, UnionPay, Bpay, FasaPay, Broker to Broker, POLI, Thai Internet Banking, RapidPay, Klarna, Vietnamese Internet Banking, Online Digital Wallets, USDT (Tether),
Plus500 Vs FXPrimus Customer Support Compared
Customer support is essential when trading. Even professional traders will eventually need the help of Plus500 or FXPrimus support. Customer support is especially important for traders starting with little knowledge. If you are starting out, you will want to ensure the Plus500 and FXPrimus support is always available when needed. Plus500 and FXPrimus customer support is not just useful. broker customer support is crucial to your trading success!
Plus500 Vs FXPrimus Live Chat
Live chat is important for several reasons. When you encounter a problem with Plus500 or FXPrimus trading platforms, it is nice to know that the problem has the potential to be sorted out then and there. Also, speaking to someone live is much less frustrating than speaking to someone through several emails.
Both Plus500 and FXPrimus offer livechat support.
Plus500 Vs FXPrimus Email Support
When trading with either Plus500 or FXPrimus you will find Email support is also very useful. Sometimes you might have a more complex question requiring a specific part of the Plus500 or FXPrimus support team to answer satisfactorily. Email support with Plus500 and FXPrimus will be needed.
Both Plus500 and FXPrimus offer email support.
Plus500 Vs FXPrimus Phone Support
Although most queries can be resolved with the need of a phone call, it is nice when we can explain ourselves with a live human being at either Plus500 or FXPrimus. We can get straight to the point, saving us time and frustration.
Plus500 do not offer phone support. On the other hand
FXPrimus do offer phone support.
Lets see how Plus500 and FXPrimus customer support compare side by side.
Never trade on a market that is not sufficiently regulated. Only submit your bank card information or invest money on financially regulated websites. It would help if you made sure with certainty that your money is held with a regulated brokerage. Checking whether Plus500 and FXPrimus are regulated is not a hard task. The more reputable and mainstream brokers will proudly display their regulation certificates on their site, and if you cannot see that Plus500 or FXPrimus have these in place, please be extremely cautious before you proceed with them.
We compare Plus500 Vs FXPrimus financial regulation and licensing side by side below.
When trading with either Plus500 or FXPrimus you will want to understand and make full use of all the
risk management features on your Plus500 or FXPrimus trading platforms.
We compare side by side the trading risk management features offered by Plus500 and FXPrimus below.
Plus500 Vs FXPrimus Hedging
What is hedging? Have you ever heard of the expression 'to hedge ones bets'? Hedging means not speculating solely on
the outcome of one event, as holding all your assets in one place could be risky.
Hedging in finance means being able to trade to protect yourself from huge risks by limiting risk using diversification.
Hedging can be done, for example, by speculating on a stock to rise and against it to rise by using different amounts or different amounts of leverage.
Plus500 does not offer clients hedging, while FXPrimus does offer clients hedging.
Plus500 Vs FXPrimus Stop Loss
Stop loss orders are very useful for more volatile investments, especially when speculating on a stock or Forex currency pair.
In a normal trade, you cannot lose more than what you invested, but this is not the case when you are using leverage.
Under these terms, it is always good to set a stop loss to protect yourself from any vicious results.
Both Plus500 and FXPrimus do offer clients stop losses. Stop Loss and Take Profit are not guaranteed on Plus500 or FXPrimus. You must still monitor any live trades and your financial exposure and financial risk.
Plus500 Vs FXPrimus Limit Orders
Every broker should allow users to place a limit order.
Limit orders are when you have the order to buy a financial instrument at a specific price.
Your trade will be executed when the financial asset hits a set price. Limit orders are extremely useful as they allow you to buy stock at a better price!
It would be very time-consuming to wait for a stock to fall to a price you would ultimately be satisfied by. Therefore, you can already imagine what helping limit orders can be in your trading career.
Both Plus500 and FXPrimus do offer clients limit orders.
Plus500 Vs FXPrimus Negative Balance Protection
Negative balance protection is there to protect its customers. Customers need protection as trading can be volatile, and not everybody who invests knows the full consequences of their trade.
Negative balance protection works like this: Say you invest $50, but your trade can lose $125 because you have used leverage. You will need $125 available in your account to do this trade.
Negative balance protection is essential, as it would be unfortunate if you received an unexpected bill from a broker one day.
Both Plus500 and FXPrimus do offer clients negative balance protection.
'negative balance' protection is a regulatory requirement with which Plus500 complies.
We hope this Plus500 Vs FXPrimus guide has helped you decide who is best to trade with out of Plus500 and FXPrimus.
When choosing a broker like Plus500 or FXPrimus for trading, it's important to ensure your money is held in a segregated bank account. Your live trading funds with Plus500 or FXPrimus are kept separate from the broker's funds and can be returned to you if the broker faces financial difficulties or insolvency when signing up with brokers such as Plus500 or FXPrimus, it's crucial to verify that they offer this safeguard. By doing so, you can have greater peace of mind and confidence in the safety of your funds as you engage in trading activities with Plus500 or FXPrimus.
Also, before you sign up with online brokers like Plus500 or FXPrimus, make sure you know what you are doing. Simple advice, we admit, but we know from experience how many people decide to start trading and then ask questions later. Please know what you are doing with Plus500 or FXPrimus before investing money into something.
Beware of the risks that come with trading with Plus500 or FXPrimus. The financial markets can be volatile, and investments can go down and up. Educate yourself, and use all Plus500 and FXPrimus educational resources and financial research tools. If you are new to trading, sign up for a demo account with Plus500 and FXPrimus to find which suits you and your trading style.
Some of you might be thinking about what we mean when we say 'trading style'. Here are a few examples. A day trader using Plus500 or FXPrimus will look to open positions and close them on the same day. Day trading in this way will require a broker that specialises in this. To do this with some brokers would be a bad idea because of the commission and fees involved. Check if Plus500 and FXPrimus fees match your trading requirements.
Alternatively, you could be on the end of this scale and decide to wait years before you close your investments with Plus500 or FXPrimus if your investment strategy is more long-term.
Plus500 and FXPrimus Alternatives
If Plus500 and FXPrimus are not what you are not quite what you are looking for we list some of the best Plus500 and FXPrimus alternatives below.
Other Plus500 and FXPrimus Vs Comparisons
If you are still looking for an alternative to Plus500 and FXPrimus and want to see how Plus500 or FXPrimus compares Vs other brokers check out the Plus500 Vs and FXPrimus Vs list below.
Plus500 Vs Alternatives
Still not happy have a look at some of our alternative Plus500 Vs side by side comparisons below
We answer some of the most frequently asked Plus500 Vs FXPrimus questions below.
Is Plus500 any Good?
Knowing that a broker is legit is the first thing you should check before signing up with a broker.
Is Plus500 legit? - Plus500 are regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039) FSA, Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules, Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18), Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (F005651) DFSA
and have been in business since 2008
Is FXPrimus any Good?
FXPrimus are regulated by Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) and have been in business since 2009.
Which is better Plus500 or FXPrimus?
Plus500 has a good rating, while FXPrimus has a good rating.
Is Plus500 a con?
Plus500 is regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039) FSA, Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules, Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18), Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (F005651) DFSA and have been in business since 2008.
We recommend looking at a Plus500 alternative that has more financial regulation.
Is FXPrimus a con?
FXPrimus is regulated by Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) and have been in business since 2009.
FXPrimus is most definitely not a con as they are regulated by major financial regulators.
What happens if Plus500 or FXPrimus go bust?
Plus500 and FXPrimus are regulated, which means that as part of their regulatory obligations Plus500 and FXPrimus have to offer a certain level of financial protection to their clients. Plus500 and FXPrimus should by law keep client funds separate from Plus500 and FXPrimus funds. If either Plus500 or FXPrimus goes bankrupt, they should not have access to your money. Customer accounts should be segregated. A financial services compensation scheme differs from country to country, so check this on the Plus500 and FXPrimus websites and regulators.
Are Plus500 or FXPrimus good for beginners?
Plus500 is unsuitable for beginners unless you trade with a Plus500 demo account.
The Plus500 platform is suitable for experienced traders only. Though Plus500 is a user-friendly platform, CFDs are “complex financial products”. Thus the platform is not suitable for beginners/inexperienced traders.
CFDs are complex financial instruments that carry risk and are only suitable for more experienced traders.
Plus500 and FXPrimus offer low deposits and access to a selection of market insights and news resources. Both Plus500 and FXPrimus offer demo accounts. Demo trading accounts are a big plus for Plus500 and FXPrimus as it shows they are interested in their customers.
Learn more 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.