XM Group vs FXPrimus 2023

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.

XM Group has a Trust Score of 88, giving it a "Trusted" Trust Score Label.

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

Founded in 2009, XM Group is a trusted broker that holds licenses in multiple Tier-1 regulatory jurisdictions. Known for its robust educational materials and quality market research, XM Group publishes high-quality videos, podcasts, and articles. Traders at XM Group gain access to the full MetaTrader platform suite (including MetaTrader 5) along with trading tools provided by Trading Central. That said, XM Group doesn't yet offer any proprietary platforms, and its range of markets and trading costs trail behind the best MetaTrader brokers.

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. XM Group holds regulatory licenses in the following Tier-1 jurisdictions: Australia (ASIC Authorised), United Kingdom (U.K.) (FCA Authorised) and USA (CFTC Authorized). FXPrimus, on the other hand, is licensed in these Tier-1 regulatory jurisdictions: none. Neither have Canada (CIRO Authorised), Hong Kong (SFC Authorised), CBI Authorised (Ireland), Japan (SFC Authorised), Singapore (MAS Authorised), New Zealand (FMA Authorised) and Switzerland (FINMA Authorised)

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, XM Group is Cyprus (CySEC Authorised) and UAE (DFSA/Central Bank Authorised), while FXPrimus is Cyprus (CySEC Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), South Africa (FSCA Authorised) and Thailand (SEC Authorised). When comparing tier-3 licenses XM Group is Belize (FSC Authorised), while FXPrimus is Vanuatu (VFSC Authorised).. Neither have Bahamas (SCB 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 XM Group offers a Desktop Platform (Windows), whereas FXPrimus supports a Desktop Platform (Windows) and cTrader. Neither have Proprietary Platform, DupliTrade and ZuluTrade

Both XM Group and FXPrimus offer the whole MetaTrader suite, which consists of both MetaTrader 4 and MetaTrader 5. If you’re new to MetaTrader 4 here’s our educational guide on how to use MT4.

XM Group requires a minimum deposit of $5, while FXPrimus requires a minimum deposit of $100. You'll also want to make sure that your broker accepts the funding options and deposit methods that work best for you. In our testing, we've found that both XM Group and FXPrimus offer Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw) for deposits. 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 XM Group delivers a more diverse selection of investment options than FXPrimus, offering tradeable asset classes and investment types such as Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies, Agriculturals and U.S. Stocks (CFD). Neither have Spread Betting and ETF.

We also keep track of each broker’s total number of tradeable symbols; XM Group offers 1429, 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 XM Group 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. XM Group delivers the following research tools: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading. FXPrimus, on the other hand, provides the tools listed here: Daily Market Commentary, Stock Charts and Social Trading / Copy Trading. Neither have Autochartist

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