PrimeXBT vs. FXOpen
Compare their range of markets, trading platforms, deposit and withdrawal methods, and much more.
Pros and Cons
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
- 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 classes | PrimeXBT ▷ | FXOpen ▷ |
| Forex (CFD) |  | |
|---|---|---|
| Cryptos (CFD) | | |
| Stocks (CFD) | NA | |
| Indices (CFD) | | |
| Metals (CFD) | | |
| Energy (CFD) | | |
| Asset classes (#) | PrimeXBT ▷ | FXOpen ▷ |
| Forex (CFD) | 46 | 51 |
| Cryptos (CFD) | 8 | 43 |
| Stocks (CFD) | NA | 100 |
| Indices (CFD) | 12 | 10 |
| Metals (CFD) | 1 | 2 |
| Energy (CFD) | 3 | 3 |
Trading platforms
| Trading platforms | PrimeXBT ▷ | FXOpen ▷ |
| MetaTrader 4 |  | |
|---|---|---|
| MetaTrader 5 | | |
| cTrader | | |
| Currenex | | |
| Copy trading | | |
| Mirror trading | | |
| Other platforms | PrimeXBT Platform | TickTrader |
| Operating systems | PrimeXBT ▷ | FXOpen ▷ |
| Web trader | | |
| Android | | |
| iOS | | |
Account funding
| Deposits and withdrawals | PrimeXBT ▷ | FXOpen ▷ |
| Bank transfer | NA | |
|---|---|---|
| Credit card | | |
| Debit card | | |
| Bitcoin | | |
| DixiPay | NA | |
| FasaPay | NA | |
| Perfect Money | NA | |
| QIWI Wallet | NA | |
| Skrill | NA | |
| SorexPay | NA | |
| WebMoney | NA | |
| Yandex.Money | NA | |
| Account base currencies | PrimeXBT ▷ | FXOpen ▷ |
| AUD - Australian Dollar | NA | |
| BTC - Bitcoin | | NA |
| CHF - Swiss Franc | NA | |
| EUR - Euro | NA | |
| GBP - British Pound | NA | |
| JPY - Japanese Yen | NA | |
| RUB - Russian Rouble | NA | |
| SGD - Singapore Dollar | NA | |
| USD - U.S. Dollar | NA | |
Regulators
| Company information | PrimeXBT ▷ | FXOpen ▷ |
| Company name | PrimeXBT Trading Services LLC | FXOpen NZ Limited |
|---|---|---|
| Head office | St. Vincent and the Grenadines | Auckland, New Zealand |
| Incorporation date | 2018 | 2005 |
| Regulators | PrimeXBT ▷ | FXOpen ▷ |
| Australia | NA | AFSL No. 412871 |
| Nevis | NA | Nevis No. C 42235 |
| UK | NA | FCA No. 579202 |
