PrimeXBT Overview
| Website | primexbt.com |
| Year Founded | 2018 |
| Countries of Registration | Seychelles, South Africa, El Salvador, Mauritius |
| Website Languages | English, Spanish, Portuguese, Hindi, Russian, Bahasa Indonesia, Arabic, Vietnamese, Chinese, Japanese, Korean, Bengali, Thai |
| Regulators | FSA, FSCA, BCR, FSC |
| Broker Type | STP |
| Dealing | A-book |
| Minimum Deposit | $1 |
| Account Currencies | USD, USDT, USDC, BTC, ETH |
| Spread | low |
| Trading Platforms | PrimeXBT WebTrader, PXTrader, MetaTrader 5 (MT5), PrimeXBT |
| Trading Assets (CFDs) | Forex, Indices, Shares, Commodities, Cryptocurrencies |
In the ever-evolving landscape of trading, PrimeXBT emerged with a clear vision: to empower traders with a comprehensive platform that bridges traditional and digital markets. Since its inception, the firm has dedicated itself to creating an accessible environment where both seasoned traders and newcomers can navigate the complexities of Forex, commodities, and cryptocurrencies without feeling overwhelmed. With an intuitive interface and a suite of powerful trading tools, PrimeXBT invites users to explore over a hundred market opportunities from a single account, making it a one-stop shop for diverse trading ambitions. What sets PrimeXBT apart is its commitment to flexibility and support. With leverage options that cater to various trading styles and an integrated copy-trading feature for those looking to learn from seasoned professionals, the platform is designed for everyone-from cost-conscious scalpers to strategic system traders. As the world of finance continues to expand, PrimeXBT remains at the forefront, ensuring that each user can trade confidently and efficiently, no matter their experience level.
Brief look at PrimeXBT
PrimeXBT is a multi-asset broker and crypto exchange founded in 2018. The platform lets you trade over 100 markets - from Forex and global indices to spot metals and crypto futures - all from a single account with leverage up to 1:1000. Regulated in Seychelles, South Africa, Mauritius and El Salvador, PrimeXBT offers low fees, negative-balance protection, copy-trading (Covesting) and a tiered VIP program that rewards active traders with up to 50% fee discounts.
Pros
- Low entry and multiple payment methods
- 100+ instruments across traditional and digital markets
- High leverage (up to 1:1000) with negative-balance protection
- Regulated in four jurisdictions and segregates client funds
- Integrated copy-trading and VIP fee rebates
Cons
- No top-tier EU/UK regulation or investor compensation scheme
- Limited educational content compared with leading forex brokers
Is PrimeXBT available in my country?
We just checked and
PrimeXBT doesn't accept clients from United States!
Your capital is at risk
PrimeXBT Reviews
I've been using PrimeXBT for a few months now, and I'm really impressed with their platform. The login process is smooth, and the demo account helped me get familiar with trading before putting real money in. The spreads are competitive, and I love the flexibility of different account types. Highly recommend!
9/15/2023PrimeXBT is a solid broker with a user-friendly app. I was able to sign up and start trading quickly. The minimum deposit is reasonable, and they offer good leverage options. The only downside was the withdrawal time, which took a bit longer than I expected, but overall a good experience.
8/22/2023The trading experience on PrimeXBT is decent, but I expected more from the MT5 platform. The spreads are okay, but I’ve seen better with other brokers. The demo account feature is great for beginners, but I hope they improve their bonus offerings in the future.
7/30/2023I recently started with PrimeXBT, and I appreciate the variety in account types they offer. The leverage options are attractive, and the ability to download their app makes trading on the go easy. The withdrawal process was straightforward, which I really liked.
6/5/2023I've read several reviews about PrimeXBT before signing up, and I can say it lives up to the hype. The platform is powerful for forex trading and supports MT5. They also offer a nice rebate program that adds value to my trades. Overall, a fantastic broker!
8/10/2023Leave a Review
Is PrimeXBT regulated?
| Companies | PXBT Trading Ltd, PrimeXBT (Pty) Ltd, rimeXBT Trading Services, S.A. de C.V., PXBT Capital Ltd |
| Countries | Seychelles, South Africa, El Salvador, Mauritius |
| Regulators | FSA, FSCA, BCR, FSC |
| Investor Protection | - |
| Investor Protection Size | - |
| Publicly Traded | |
| Segregated Accounts | |
| Guaranteed Stop Loss | |
| Negative Balance Protection |
PrimeXBT Account Types
| Property | PXTrader | Crypto Futures |
|---|---|---|
| Min Deposit | $1 | $11 |
| Lot Size | 0.01 | 0.001 BTC |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0.1 pips | 0.1 pips |
| Commission per lot | No | 0.045% per 1 lot |
| Max Leverage | 1:1000 | 1:200 |
| Stop Out | 50% | 50% |
| Margin Call | 80% | 80% |
Additional Features
- Demo Account
- VIP Account
- Swap-Free Account
- Copy Trading
- VPS
- PAMM/MAM Accounts
PrimeXBT Funding and Fees
| Base currencies | USD, USDT, USDC, BTC, ETH |
| Deposit and withdrawal methods | Credit/Debit Card, Bank Transfer, PerfectMoney, Cryptocurrencies (BTC, ETH, USDT), Volet, VLoad |
| Inactivity fee | |
| Interest on margin | |
| Withdrawal fee | Variable (e.g. 0.0005 BTC) |
PrimeXBT Trading Platforms and Conditions
| Trading Platforms | PrimeXBT WebTrader, PXTrader, MetaTrader 5 (MT5), PrimeXBT |
| Execution Speed | - ms |
| Scalping | |
| Expert Advisors (EAs) | |
| Depth of Market (DOM) | |
| Spread | low |
PrimeXBT Trading Assets
| Currencies | 98 |
| Indices | 19 |
| Stocks | 10 |
| Cryptocurrencies | 40 |
| Bonds | 0 |
| Metals | 12 |
| Energies | 4 |
| Soft Commodities | 8 |
| ETFs | 0 |
Education and Analytics
| Economic Calendar | |
| Indicators | |
| Robots | |
| Signals | |
| Autochartist | |
| Expert Analytics | |
| News Feed | |
| Education Articles | |
| Webinars | |
| Seminars |
Broker Bonuses
| Bonus Type | Size | Details |
|---|---|---|
| No Deposit Bonus | $1000 | Learn More |
Broker Contests
Demo Contests
| Contest Name | Start Balance | Prize Pool | Period | Details |
|---|---|---|---|---|
| PXTrader weekly contests | $10000 | $1000 | Weekly | Learn More |
| Crypto Futures weekly contest | $10000 | $1000 | Weekly | Learn More |
PrimeXBT Support
PrimeXBT Alternatives
| Broker | PrimeXBT | eToro | Bybit |
|---|---|---|---|
| Type | STP | MM, Social | ECN |
| Minimum Deposit | $1 | $200 | $1 |
| Regulators | FSA, FSCA, BCR, FSC | SFSA, FCA, CySEC, ASIC, SEC | VARA, FMA, FIU, AFSA |
| Platforms | PrimeXBT WebTrader, PXTrader, MetaTrader 5 (MT5), PrimeXBT | eToro | Bybit Web, Bybit App, MetaTrader 5 (MT5), TradingView |
| Spread | low | high | low |
| Leverage | 1:1000 | 1:30 | 1:500 |
| Assets (CFDs) | Forex, Indices, Shares, Commodities, Cryptocurrencies | Currencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft Commodities | Cryptocurrencies, Perpetual Futures, Options, Commodities, Indices, Currencies, Stocks |
| Review | eToro Review | Bybit Review | |
| Comparison | PrimeXBT vs eToro | PrimeXBT vs Bybit |
Is PrimeXBT Right for You?
PrimeXBT stands out as a versatile multi-asset broker, offering traders access to over 100 markets, including Forex, global indices, and cryptocurrencies, all from a single account. With impressive leverage of up to 1:1000 and features like negative-balance protection and copy-trading through Covesting, it caters well to both new and experienced traders. Additionally, its low fees and a tiered VIP program provide incentives for active trading, making it an appealing choice for many. However, potential users should be aware of the limitations associated with PrimeXBT. The broker lacks top-tier regulation in the EU or UK, meaning there is no investor compensation scheme in place. Furthermore, the platform offers limited educational resources compared to leading competitors, which may hinder inexperienced traders looking to enhance their knowledge. In conclusion, PrimeXBT is best suited for experienced traders who seek a broad range of trading options and are comfortable navigating a less regulated environment. Conversely, novice traders or those prioritizing robust educational support and higher regulatory oversight may want to explore alternative platforms.
FAQ
Is PrimeXBT safe?
How does PrimeXBT make money?
What is the minimum deposit for PrimeXBT?
How do I deposit funds in a PrimeXBT account?
How do I withdraw money from PrimeXBT?
How much is the maximum leverage at PrimeXBT?
What trading platforms does PrimeXBT offer?
Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.
