PrimeXBT vs. FXOpen

Compare their range of markets, trading platforms, deposit and withdrawal methods, and much more.

Pros and Cons

PrimeXBT

  • Pros
  • Start trading in under 40 seconds.
  • No identity checks or KYC prior to trading.
  • Small initial deposit of 0.001 BTC (approximately US$ 10).
  • Trade CFDs on cryptocurrencies, Forex, indices, energies and metals.
  • Leverage up to 1:000.
  • Cons
  • No CFDs on shares, ETFs, energies or commodities.
  • No support for MetaTrader 4, 5 or cTrader.
  • PrimeXBT only accepts Bitcoin for deposits; however, you may buy BTC by credit card.
  • PrimeXBT is not regulated or licensed.
  • Awards
  • Best Platform for Margin Trading, 2020 - ADVFN
  • Best Crypto and Forex Broker, 2019 - Forex Awards
  • Best Crypto Trading App, 2019 - Forex Awards
FXOpen

  • Pros
  • Leverage up to 1:500.
  • Trade on MetaTrader 4, 5 or TickTrader.
  • All trading strategies allowed (ECN account).
  • Account base currencies: USD, AUD, CHF, EUR, GBP, JPY, RUB, SGD, mBTC.
  • Cons
  • Withdrawal fees between 2.5% and 8.25% (depending on your deposit method), if you request a withdrawal before meeting minimum notional trading volume requirements.
  • FXOpen is only regulated in Nevis.
  • Awards
  • High-quality order execution, 2018 - VerifyMyTrade
  • Best Forex Broker Australia, 2011 - World Finance
  • Best Trading Platform, 2010 - Falcon Award

Markets

Asset classesPrimeXBT ▷FXOpen ▷
Forex (CFD)
Cryptos (CFD)
Stocks (CFD)NA
Indices (CFD)
Metals (CFD)
Energy (CFD)
Asset classes (#)PrimeXBT ▷FXOpen ▷
Forex (CFD)4651
Cryptos (CFD)843
Stocks (CFD)NA100
Indices (CFD)1210
Metals (CFD)12
Energy (CFD)33

Trading platforms

Trading platformsPrimeXBT ▷FXOpen ▷
MetaTrader 4
MetaTrader 5
cTrader
Currenex
Copy trading
Mirror trading
Other platformsPrimeXBT PlatformTickTrader
Operating systemsPrimeXBT ▷FXOpen ▷
Web trader
Android
iOS

Account funding

Deposits and withdrawalsPrimeXBT ▷FXOpen ▷
Bank transferNA
Credit card
Debit card
Bitcoin
DixiPayNA
FasaPayNA
Perfect MoneyNA
QIWI WalletNA
SkrillNA
SorexPayNA
WebMoneyNA
Yandex.MoneyNA
Account base currenciesPrimeXBT ▷FXOpen ▷
AUD - Australian DollarNA
BTC - BitcoinNA
CHF - Swiss FrancNA
EUR - EuroNA
GBP - British PoundNA
JPY - Japanese YenNA
RUB - Russian RoubleNA
SGD - Singapore DollarNA
USD - U.S. DollarNA

Regulators

Company informationPrimeXBT ▷FXOpen ▷
Company namePrimeXBT Trading Services LLCFXOpen NZ Limited
Head officeSt. Vincent and the GrenadinesAuckland, New Zealand
Incorporation date20182005
RegulatorsPrimeXBT ▷FXOpen ▷
AustraliaNAAFSL No. 412871
NevisNANevis No. C 42235
UKNAFCA No. 579202