PrimeXBT vs TP Global FX
PrimeXBT or TP Global FX – which is better for UK traders 2024? Compare PrimeXBT and TP Global FX in this detailed breakdown of their platforms, features and fees.
| PrimeXBT | TP Global FX |
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| PrimeXBT is ranked #34 among CFD brokers. | TP Global FX is ranked #97 among CFD brokers. |
| PrimeXBT is a multi-asset platform offering highly leveraged trading in forex, indices, commodities and cryptocurrencies. The company launched in 2018 and now has over 1 million users from more than 150 countries. With no minimum deposit, copy trading features and low commissions, the broker remains a popular option among crypto trading novices. |
TP Global FX has closed or no longer accepts UK clients.
TP Global FX is an offshore broker with a strong focus on education and technical analysis tools. It offers STP pricing and up to 1:500 leverage on 50+ forex pairs and a smaller range of stocks, indices, commodities and cryptocurrencies. The broker supports the MetaTrader 4 and MetaTrader 5 platforms and offers additional services including copy trading and an informative daily blog. |
| Pros | |
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| Cons | |
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| Awards | |
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| FCA Regulated | |
| No | No |
| Instruments | |
| CFDs, Cryptos, Forex, Indices, Commodities, Futures | Forex, CFDs, indices, commodities, cryptocurrencies |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $0 | $200 |
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| SVGFSA, VFSC, CAMA | |
| Mobile Apps | |
| iOS & Android | Yes (iOS & Android) |
| iOS App Rating | |
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| Android App Rating | |
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| Margin Trading | |
| Yes | Yes |
| MetaTrader 4 | |
| No | Yes |
| MetaTrader 5 | |
| No | Yes |
| cTrader | |
| No | No |
| AlgoTrader | |
| No | No |
| OmniTrader | |
| No | No |
| TradingView | |
| No | No |
| Autochartist | |
| No | No |
| eSignal | |
| No | No |
| Trading Central | |
| No | Yes |
| STP Account | |
| No | Yes |
| ECN Account | |
| No | No |
| DMA Account | |
| No | No |
| MAM Account | |
| No | No |
| PAMM Account | |
| No | No |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| Yes | No |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| No | Yes |
| Auto Trading | |
| Yes | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | |
| Yes | Yes |
| Copy Trading Platform | |
| PrimeXBT offers a decent copy trading service where traders can follow the strategies of other users with free and paid-for signals. Once you have found a suitable strategy provider, you simply need to hit ‘follow’ to get started. | Follow and copy multiple professional traders using performance analytics and market signals at TP Global FX. |
| Social Trading | |
| Yes | Yes |
| Trade Signals | |
| No | Yes |
| VPS Hosting | |
| No | No |
| Tournaments | |
| Yes | Yes |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $0 | |
| Islamic Account | |
| No | Yes |
| Account Currencies | |
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| Commodities | |
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| CFD | |
| PrimeXBT offers CFDs across four asset classes with very high leverage up to 1:1000. Beginners can also take advantage of the broker’s useful technical analysis guides and CFD education, plus 24/7 in-platform support via live chat. | TP Global FX clients can trade CFDs on forex as well as around 12 stocks, 12 indices, five cryptocurrencies and commodities including gold, silver oil and gas. CFDs trade with up to 1:500 leverage on the hugely popular and reliable MT4 and MT5 platforms. |
| Leverage | |
| 1:1000 | 1:500 |
| FTSE Spread | |
| Variable | Not offered |
| GBPUSD Spread< | |
| Variable | From 0.2 pips |
| Oil Spread | |
| Variable | From 0.2 pips |
| Stocks Spread | |
| Variable | From 0.2 points |
| Forex | |
| PrimeXBT offers 50 forex pairs, which is above the industry average and covers a good range of majors, minors and exotics. Traders can enjoy trading via margin with zero commissions. Additionally, the broker’s copy trading service allows you to explore various currency trading strategies. | TP Global FX offers trading on 50+ forex pairs with a good selection of minors and exotics as well as the majors. The broker offers fast 30ms execution speeds with a Straight-Through Processing system. Very tight spreads starting from 0.2 are available on pro accounts, while standard commission-free account spreads start from 1.2. |
| Assets | |
| 45+ | 50+ |
| GBPUSD Spread | |
| Variable | From 0.2 pips |
| EURUSD Spread | |
| Variable | From 0.2 pips |
| EURGBP Spread | |
| Variable | From 0.2 pips |
| Cryptocurrency | |
| Traders can speculate on popular cryptos with commissions as low as 0.05% and high leverage up to 1:200. Additionally, the broker continues to improve its offering by introducing crypto futures as well as trading contests with real prizes. | TP Global FX offers CFDs on five cryptocurrencies paired with USD. Spreads are lower than many alternatives and users can trade crypto 24/7 without interruption. |
| Spread | |
| 0.05% BTC, 0.05% ETH | Variable |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| PrimeXBT | TP Global FX |
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PrimeXBT vs |
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