SmartFX vs FXPrimus

SmartFX or FXPrimus – which is better for UK traders 2024? Compare SmartFX and FXPrimus in this detailed breakdown of their platforms, features and fees.

SmartFX vs FXPrimus Comparison Table 2024

SmartFX	FXPrimus
1.3	2.3
SmartFX is ranked #91 among CFD brokers.	FXPrimus is ranked #83 among CFD brokers.
Review	Review
SmartFX is an offshore regulated CFD and forex broker with MT5 integration and 5000+ instruments. The brand offers 24/5 customer support and one account type for simplicity. SmartFX is regulated by the Vanuatu Financial Services Commission (VFSC).	FXPrimus is an award-winning CySEC-regulated brokerage offering CFD trading on 200+ instruments via the MetaTrader 4, MetaTrader 5 and cTrader platforms. The choice between a competitive commission-free account and two affordable raw spread options make this an accessible broker for anyone seeking forex, stocks, indices and commodities with high leverage.
Pros
I'm pleased to see the world-renowned MetaTrader 5 terminal available, with all integrated tools including the MQL5 development environment, signals and a forex VPS There's 24/5 multilingual customer support available via live chat, telephone and email, making it easy for clients to reach the broker during peak times I found commission-free deposits and withdrawals on offer with instant processing times for some account funding methods I like that beginners can access copy trading opportunities via the Social Trading network	Choice of MT4, MT5 and cTrader platforms gives traders great flexibility Reputable broker with years of awards makes FXPrimus a credible broker High leverage available up to 1:1000, or 1:500 on the higher-tier raw spread account Copy trading support through a PAMM function allows beginner or time-poor traders to earn money from experienced pros Good range of account types with a $15 minimum deposit on the cent account through to an achievable $1000 minimum for the PrimusZERO account Excellent range of accepted funding methods with 12 accepted currencies, e-wallet and international banking options, and fees covered by the broker
Cons
I'm concerned about the general lack of transparency on the website which makes me question how much trust I can put in this broker The offshore regulatory oversight by the Vanuatu Financial Services Commission (VFSC) raises serious security concerns for me There's barely any additional tools and resources available, and the educational content is weak compared to top brands I wasn't able to access any cryptocurrency trading opportunities, which is a drawback compared to similar brands	Relatively small range of assets, with just 45+ forex pairs High $8 MT5/$10 MT4 commissions on the Primus Pro account This broker does not accept traders from the US
Awards
	Most Trusted Broker South East Asia & Africa 2020 - International Investor Magazine Best Forex Broker South East Asia 2020 - Finance Derivative
FCA Regulated
No List of FCA Regulated Brokers	Yes
Instruments
Forex, CFD-indices, CFD-equities, futures	CFDs, Forex, Stocks, Cryptos, Futures, Options, Commodities, Bonds
Demo Account
Yes	Yes
Minimum Deposit
$500	$15
Payment Methods
Neteller Skrill Visa Wire Transfer	Credit Cards ecoPayz emerchantpay FasaPay Mastercard Neteller Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
VFSC	CYSEC, MIFID, ICF, FCA, BaFin, VFSC
Mobile Apps
Yes	iOS & Android
iOS App Rating
Android App Rating
Margin Trading
No	Yes
MetaTrader 4
No	Yes
MetaTrader 5
Yes	Yes
cTrader
No	Yes
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	Yes
ECN Account
No	Yes
DMA Account
No	No
MAM Account
No	Yes
PAMM Account
No	Yes
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Auto Trading
Yes	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	Yes
Copy Trading Platform
	Replicate the success of other traders via the cTrader platform or the FXPrimus MAM solution. Traders retain control over their capital and can get started in a few easy steps.
Social Trading
No	No
Trade Signals
Yes	Yes
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
No	Yes
Account Currencies
	USD EUR GBP ZAR SGD PLN
Commodities
Gold Silver	Gold Silver Platinum Oil Gasoline Natural Gas
CFD
I think the 5000+ CFD instruments including forex, commodities, indices and stocks should serve active traders well. The MT5 platform also offers plenty of advanced tools and features to facilitate complex CFD trading strategies.	Trade CFDs on forex, stocks, metals, energies, cryptos and indices with high leverage up to 1:1000 on major currency pairs, 1:200 on metals, 1:100 on indices, 1:33 on stocks and energies, and 1:5 on cryptocurrencies. The range of 200+ instruments is not the biggest on the market, but the variety of asset classes provides flexible trading options for most traders.
Leverage
1:400	1:1000
FTSE Spread
Floating	From 0.1
GBPUSD Spread<
Floating	From 0.1
Oil Spread
Floating	From 0.1
Stocks Spread
Variable	Variable
Forex
I found an average range of 45+ major, minor and exotic currency pairs at SmartFX, tradable on the MT5 platform. I did appreciate the flexible leverage up to 1:400 and minimum order sizes from 0.01 lots.	Trade on 45+ majors, minors, crosses and exotics, with competitive pricing, ultra-fast execution and no requotes. Newer traders can access zero-commission trading. Experienced forex traders can operate with no trading restrictions and benefit from an ECN account and a VPS service.
Assets
43	45
GBPUSD Spread
Floating	From 0.1
EURUSD Spread
Floating	From 0.1
EURGBP Spread
Floating	From 0.1
Cryptocurrency
	Trade a small selection of CFDs on crypto tokens in USD pairs. While the selection of cryptocurrencies is very limited, the 1:5 maximum leverage is higher than many similar brokers, making this a decent option for forex traders to dip into if not for dedicated crypto traders.
Spread
	Floating
Coins
	BTC DSH ETH LTC
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
SmartFX	FXPrimus
Review	Review
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