PrimeXBT Review 2025
Highlights of PrimeXBT
PrimeXBT is an international multi-asset broker operating since 2018. In 2025, it expanded its regulatory "geography" by obtaining a Crypto Asset Service Provider license from the Financial Sector Conduct Authority (FSCA) of South Africa and registering DASP / BSP licenses in El Salvador, enabling it to offer crypto and CFD trading services under the supervision of local authorities.
Among the key features of PrimeXBT are its proprietary PXTrader web platform, mobile applications, and MetaTrader 5 for selected jurisdictions, as well as the Covesting copy-trading service. Traders can access over 100 markets: cryptocurrencies, currency pairs, index CFDs, commodities, and stocks. For education, the PrimeXBT Trading Academy provides detailed articles, guides, and analytics.
Pros and Cons of PrimeXBT
Pros
- Fast registration and verification.
- Tight spreads and low fees on crypto futures.
- Unified account for Forex, CFDs, cryptocurrencies, copy trading, and tournaments.
- No inactivity fees.
- 3 free fiat withdrawals per month.
- 24/7 customer support.
Cons
- Second-tier regulation (FSA Seychelles, FSCA South Africa; no FCA/CySEC).
- Balance denominated only in USD – potential conversion costs.
- No Islamic or fixed spread accounts.
- Lack of webinars and video courses for education; no telephone support available.
PrimeXBT Reviews
4.8 out of 5
4.8 из 5
India
United Kingdom
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PrimeXBT Broker Overview
| Foundation Year | 2018 |
|---|---|
| Official Website | https://primexbt.com |
| Regulated in Countries | South Africa, Seychelles, El Salvador, MauritiusMore Details |
| Minimum Deposit |
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| Spread | from 0.1 points |
| Max Leverage | 1:1000 |
| Trading Assets |
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| Trading Platforms |
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| Email Support |
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| Social Media |
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LinkedIn
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Reddit
DiscordPrimeXBT was founded in 2018. Today, it serves over 1 million clients from 150+ countries, offering a multi-asset trading ecosystem in the global market.
PrimeXBT specializes in margin trading of derivatives: users have access to cryptocurrency futures and CFDs on forex pairs, stock indices, commodities, metals, and stocks. Trading is executed through its proprietary PXTrader web platform (WebTrader), iOS/Android applications, and MetaTrader 5. For passive income, the Covesting copy-trading service is available, and leverage reaches up to 1:1000 for certain instruments—a level appealing yet demanding rigorous risk management.
In terms of reliability, PrimeXBT relies on a multi-regulatory framework: in 2025, the platform obtained an FSCA license from South Africa, while its affiliate, PXBT Trading Ltd, holds an FSA license from Seychelles. Client assets are held in segregated accounts and cold wallets with HSM modules, 2FA is supported, and a negative balance protection mechanism is implemented, preventing clients from incurring debt beyond their deposit. These measures establish a high level of security and trust in the broker.
PrimeXBT Review Summary
- Multi-tier regulation
- Segregation of funds and NBP
- External arbitration (Financial Commission)
- Lacks licenses from more stringent regulators (FCA, ASIC)
It is important to note that when assigning ratings, we based our assessments on our own broker evaluation methodology. This approach enables us to strictly and objectively analyze key platform parameters, providing you with a balanced opinion.
Want to learn more about PrimeXBT? Read the review and make informed decisions!
Reliability and Regulation
| Legal Entity | Regulator |
|---|---|
PrimeXBT (PTY) LTD PrimeXBT (PTY) LTD | FSCA FSCA |
 PXBT Trading Ltd PXBT Trading Ltd | SFSA SFSA |
 PrimeXBT Trading Services, S.A. de C.V. PrimeXBT Trading Services, S.A. de C.V. | CNAD CNAD BCR BCR |
 PrimeXBT Trading Services Ltd PrimeXBT Trading Services Ltd | - |
 PXBT Capital Ltd PXBT Capital Ltd | FSC FSC |
PrimeXBT operates through multiple regulated entities, each responsible for specific product lines and regions:
- PXBT Trading Ltd — Securities Dealer license from the Financial Services Authority (FSA) of Seychelles; this is the primary issuer for the broker's CFD products.
- PrimeXBT (Pty) Ltd — an authorized financial intermediary in South Africa holding an FSCA license, enabling the provision of crypto and CFD trading services.
- PrimeXBT Trading Services, S.A. de C.V. — holder of dual licenses in El Salvador: DASP (CNAD) and Bitcoin Service Provider (BCR).
- PXBT Capital Ltd — an investment dealer regulated by the Financial Services Commission of Mauritius.
Although these jurisdictions may be considered secondary compared to FCA or CySEC, their combination still forms a multi-tiered system of legal oversight, and the FSCA license places the company among the few crypto-CFD brokers with official status in Africa.
Fund Security
To safeguard client funds, PrimeXBT employs standard industry security practices:
- Segregated Accounts — client deposits are kept separate from the operating funds of the issuing companies.
- Negative Balance: the Negative Balance Protection policy is in effect, ensuring that clients do not incur debts beyond their deposit during extreme volatility.
- Hardware and Cybersecurity — digital assets are held in cold storage with HSM modules meeting FIPS 140-2 L3 standards, multi-signatures, and daily one-time withdrawals to minimize the "hot" balance.
An additional layer of trust is provided by membership in The Financial Commission: disputes between traders and the broker can be referred to an independent EDR body with a compensation fund of up to €20 000 per claim.
Account Opening
PrimeXBT offers one of the fastest and most "seamless" onboarding processes in the market: basic registration requires only an email and password, without long surveys about income and experience, and the KYC auto-verification typically finishes within a couple of minutes. After the first activation, a client can fund their account with cryptocurrency starting at $10 and begin trading; fiat channels are enabled immediately upon verification. Minimal steps, instant notifications, and an intuitive menu make the process extremely simple even for newcomers.
How to Open an Account on PrimeXBT
The registration process on PrimeXBT takes 3–5 minutes and consists of only five steps: go to the "Registration" page, provide an email and password, confirm your address with a code from the email, select your country of residence, and choose your trading mode (CFD or Crypto). No detailed employment or experience questionnaire is required—this greatly simplifies the start for beginners. Optionally, 2FA can be enabled immediately in the security settings.
KYC Verification
KYC verification (passport/ID + selfie, and sometimes a POA document) is required to lift limits — without it, withdrawals are limited to $20 000 per day and fiat deposits remain inaccessible. You can submit documents from the Settings → Verify menu; the process is user-friendly: auto-verification typically takes up to 2 minutes, after which the status changes to "Verified" and limitations are removed.
You can compare available features before and after verification in the tables below.
Deposits:
| Method | Unverified | Verified |
|---|---|---|
| Bank Card | Unavailable | Available |
| Cryptocurrency | Available | Available |
| Local Payments | Unavailable | Available |
Withdrawals
| Method | Unverified | Verified |
|---|---|---|
| Bank Card | Unavailable | Available |
| Cryptocurrency | 20 000 USD / day | Available |
| Local Payments | Unavailable | Available |
Minimum Deposit
PrimeXBT positions itself as a 'low-entry' broker: the minimum deposit starts at $10 (for crypto wallets, Volet) or $15 when using card/bank methods. The account's base currency is USD; there are no internal deposit fees, and the blockchain transaction fee depends solely on the network.
Account Types
PrimeXBT adheres to the 'single wallet' concept: one balance grants access to FX/CFD trading, crypto futures, copy trading, and the crypto purchase module, and as trading volume increases, two VIP tiers are automatically added with reduced fees. This approach caters to both active speculators and passive investors, eliminating the need for transfers between different account types.
A downside is the absence of specialized account options (such as cent accounts, Islamic accounts, fixed spreads) and presets for different trading styles; for beginners and scalpers accustomed to the standard "Standard / ECN / Pro" grading, the selection may appear limited.
FX and CFD
| PXTrader | |
|---|---|
| Account Currency | USD, USDT, USDC, ETH |
| Minimum Deposit | 10 $ |
| Trading Platforms | PXTraderMetaTrader 5 |
| Spread | floatingfrom 0.1 pipsfor EURUSD~ 0.9 pips |
| Commission per Trade | |
| Trading Assets | ForexPrecious MetalsEnergy CarriersSoft CommoditiesIndicesStocksCryptocurrency |
| Opened Positions | — |
| Leverage | 1:1-1:1000 |
| Margin Call / Stop Out | 80% / 50% |
| Order Execution | рыночное |
| Demo Account | |
| Islamic Account |
PrimeXBT utilizes a single margin account for over 100 markets including Forex, stocks, indices, and commodities. Trading occurs commission-free, with spreads starting from 0.1 pips and leverage up to 1:1000 on major pairs. The PXTrader and MetaTrader 5 platforms are supported.
Crypto Futures
A separate Crypto Futures tab allows speculation on perpetual contracts for BTC, ETH, LTC, and others paired with USDT. The fee is fixed—0.01% for makers and 0.045% for takers (depending on monthly volume). Maximum leverage varies with the position size, up to 1:200. Charts, order book, and funding rates are presented in a dedicated interface, enabling crypto speculators to operate independently of the CFD section.
Copy Trading
The Copy Trading service (Covesting) brings together over 1 million users and offers two modes:
- Follower — subscribes to strategies and retains up to 75% of profits while all executions occur automatically.
- Strategy Provider — shares trades and receives up to 20% of subscribers' profits plus reduced fees.
Built-in risk limits (Equity Stop, max-drawdown) help safeguard capital, and a public ranking simplifies the selection of a provider.
Buy Crypto
Through the Buy Crypto module, you can instantly purchase BTC, ETH, USDT, or USDC using a Visa/Mastercard bank card. The process takes 2–3 minutes: select the currency, specify the amount, confirm the payment—and the coins are instantly credited to your PrimeXBT wallet, from where they can be stored, exchanged, or transferred.
VIP Program
For active traders, VIP tiers VIP 1 and VIP 2 are provided with automatic assignment upon reaching a 30-day volume threshold. Privileges include fee discounts of up to 70%, instant free withdrawals, 24/7 priority support, and enhanced limits. The status is maintained for one month and can be upgraded with increased turnover, making the conditions especially attractive for frequent and high-volume trades.
VIP Status Requirements
| Tier | 30-day Crypto Futures Volume | 30-day CFD and Forex Volume |
|---|---|---|
| VIP 1 | ≥ 5 000 000 USD | ≥ 45 000 000 USD |
| VIP 2 | ≥ 25 000 000 USD | ≥ 90 000 000 USD |
Trading Contests
PrimeXBT regularly hosts free trading contests where participants compete on demo accounts for real prize funds. To participate, simply select "Tournaments" from the platform menu, click Join, choose a nickname, and confirm the rules. Then you trade in a separate contest terminal, and the system calculates returns in real time and compiles a leaderboard. At the end of the week or themed event, winners split a prize pool that typically ranges from 1 000 to 10 000 USDT, credited as trading bonus to their live account. Participation is completely free, and there are no limits to the number of tournaments, making it a great way to test the platform, refine your strategy, and earn startup capital without any investment.
Trading Bonuses
PrimeXBT regularly enhances its core offering with a suite of bonus programs. Currently available formats include:
- Deposit Bonus – when entering a promo code, the deposit amount is doubled. The bonus is credited as trading credit: it cannot be withdrawn, but profits from trades remain yours. The promotion is launched in series on limited dates, with conditions published on the promotions page.
- Welcome Bonus in Reward Center – after registration and initial trades, active traders can receive up to 500 USDT credited to their account. Simultaneously, the Trade & Earn campaign has been expanded to cover all platform instruments.
- Tasks in Reward Center – for achieving volumes ranging from 1 000 USD to 100 000 USD, tiered rewards in USDT are issued, which can be used for trading or to offset fees.
- Referral Cashback – the updated program rewards you and your referred friends with additional bonuses and reduces fees as their activity grows.
Bonuses are credited automatically and appear as a separate line in the wallet; you can activate the desired offer with just two clicks without contacting support. Always check the current deadlines and volume requirements since campaign conditions are periodically updated.
Commissions
Most fees on PrimeXBT—with narrow spreads starting from 0.1 pips and zero commissions on CFD trades—are below the market average. The taker fee of 0.045% on crypto futures also falls within the average range, and for VIP tiers it is reduced to 0.015%, making it among the most advantageous in the segment. There are no inactivity fees and no deposit commissions, supporting a low overall cost profile.
Spreads and Swaps
| Asset | Average spread | Swap long | Swap short |
|---|---|---|---|
| EURUSD | 0.9 pips | -9.40 pips | 4.00 pips |
| GBPUSD | 1.5 pips | -3.10 pips | -2.30 pips |
| AUDUSD | 1.3 pips | -3.90 pips | -1.50 pips |
| USDCAD | 1.9 pips | 2.10 pips | -7.60 pips |
| USDCHF | 1.3 pips | 8.70 pips | -16.50 pips |
| USDJPY | 1.2 pips | 8.40 pips | -13.80 pips |
PrimeXBT does not charge a direct trading commission; the broker earns through spreads, which start at 0.1 pips on EUR/USD. By industry standards, such spreads are considered low (below the average level of 0.2–0.5 pips for most STP brokers). Overnight financing (swap) is calculated dynamically; its magnitude is close to the market average, thus it is considered mid-range.
Crypto Futures Fees
| Tier | Taker Fee | Maker Fee |
|---|---|---|
| Standard | 0.045% | 0.01% |
| VIP 1 | 0.030% | 0.01% |
| VIP 2 | 0.015% | 0.01% |
Even the standard rate corresponds to the market average for crypto derivatives, and the reduction to 0.015% for active traders makes conditions among the most attractive in the segment.
Withdrawal Fees
- Cryptocurrency — only the network fee applies (e.g., 0.00005 BTC);
- Fiat — every 30 days, the client receives 3 free withdrawals; subsequent operations incur a fee calculated individually for the chosen method and displayed prior to the transaction confirmation.
The daily limit for unverified accounts is 20 000 USD; this restriction is removed after completing KYC.
Deposit and Withdrawal
PrimeXBT offers a wide array of deposit and withdrawal methods. Deposits incur no internal fees and are credited almost instantly. Cryptocurrency withdrawals are subject only to the network fee, while fiat withdrawals allow 3 free transactions per 30 days; subsequent payments are charged on an individual basis. Requests are processed up to three times a day, ensuring predictable speeds.
Downsides include a USD-only account and possible fees after the free fiat withdrawal limit is exceeded. Nevertheless, the combination of diverse channels, zero deposit fees, and a clear schedule makes the deposit and withdrawal process convenient and relatively inexpensive, particularly for those who predominantly work with cryptocurrencies or do not exceed the free limit.
Deposit Methods
| Payment System | Currencies | Deposit Fee | Operation Limit |
|---|---|---|---|
 Volet |  USD | 0% | from 10 USD |
 VLoad | USD | 0% | from 10 USD |
 Perfect Money | USD | 0% | from 10 USD |
 Neteller | USD | 0% | from 10 USD |
 Binance Pay | USD | 0% | from 10 USD |
 Swift | USD | 0% | from 30 USD |
 Visa | USD | 0% | from 30 USD |
 Mastercard | USD | 0% | from 30 USD |
| Cryptocurrency | Blockchain | Deposit Fee | Operation Limit |
|---|---|---|---|
 BTC
(Bitcoin) | BTC | 0% | from 10 USD |
 ETH
(Ethereum) | ERC20 | 0% | from 10 USD |
 USDC
(USD Coin) | ERC20 | 0% | from 10 USD |
| USDC
(USD Coin) | BEP20 | 0% | from 10 USD |
 USDT
(Tether) | ERC20 | 0% | from 10 USD |
| USDT
(Tether) | TRC20 | 0% | from 10 USD |
| USDT
(Tether) | BEP20 | 0% | from 10 USD |
 LINK
(Chainlink) | ERC20 | 0% | from 10 USD |
 MATIC
(Polygon) | ERC20 | 0% | from 10 USD |
You can fund your PrimeXBT account with either cryptocurrency (BTC, ETH, USDT, etc.) or fiat via bank cards, Volet, Binance Pay, local payment systems, and bank transfers. The broker charges no internal deposit fees—any costs are solely determined by the provider. All fiat funds are automatically converted into the account's base currency (USD).
Withdrawal Methods
| Payment System | Currencies | Withdrawal Fee | Operation Limit |
|---|---|---|---|
| Volet | USD | 0% | from 15 USD |
| VLoad | USD | 0% | from 15 USD |
| Perfect Money | USD | 0% | from 15 USD |
| Neteller | USD | 0% | from 15 USD |
| Binance Pay | USD | 0% | from 15 USD |
| Visa | USD | 5% limitscommission limits | from 30 USD |
| Mastercard | USD | 5% limitscommission limits | from 30 USD |
| Cryptocurrency | Blockchain | Withdrawal Fee | Operation Limit |
|---|---|---|---|
| BTC
(Bitcoin) | BTC | 0% | from 10 USD |
| ETH
(Ethereum) | ERC20 | 0% | from 10 USD |
| USDC
(USD Coin) | ERC20 | 0% | from 10 USD |
| USDC
(USD Coin) | BEP20 | 0% | from 10 USD |
| USDT
(Tether) | ERC20 | 0% | from 10 USD |
| USDT
(Tether) | TRC20 | 0% | from 10 USD |
| USDT
(Tether) | BEP20 | 0% | from 10 USD |
| LINK
(Chainlink) | ERC20 | 0% | from 10 USD |
| MATIC
(Polygon) | ERC20 | 0% | from 10 USD |
Withdrawals must be made using the same method that was used to deposit funds—this adds an extra layer of fraud protection. Cryptocurrency withdrawals are only subject to the blockchain network fee. For fiat, the rule is "3 free withdrawals every 30 days"; after exceeding the limit, the fee is indicated by the withdrawal form based on the method selected. Fiat requests are processed twice on weekdays (07:00–08:00 UTC and 12:00–14:00 UTC) and once on weekends (12:00–14:00 UTC). For unverified accounts, a daily limit of 20 000 USD applies, which is lifted after KYC.
Markets and Products
PrimeXBT covers all key asset classes for active traders—Forex, commodities, major stock indices, select stocks, and a broad array of crypto derivatives. In terms of diversity, it is above average among cryptocurrency CFD platforms and meets the vast majority of speculative strategies.
However, the broker does not offer a spot market for stocks, bonds, ETFs, or exotic derivatives, which some "all-rounders" boasting thousands of tickers might provide.
Which Markets Are Available?
PrimeXBT grants access to over 100 global instruments: major and cross-currency Forex pairs, futures and CFDs on gold, oil, and other commodities, key stock indices (S&P-500, DAX-40, Nikkei-225), select US stocks, as well as cryptocurrencies—both as CFDs and via perpetual futures contracts. A single account suffices to switch between these segments: the PXTrader platform displays them in one terminal, and your deposit (USD or cryptocurrency) automatically serves as collateral for any trade.
Leverage
The broker offers aggressive yet tiered margin levels:
| Trading Instrument | Max. Leverage for Retail Traders |
|---|---|
| Forex | 1:1000 |
| Precious Metals | 1:500 |
| Energy Carriers | 1:500 |
| Indices | 1:100 |
| Futures | 1:200 |
These parameters allow flexible risk profile selection: scalpers can obtain maximum leverage, while position traders can intentionally reduce it in their order settings. Meanwhile, the auto-liquidation system (margin call and stop-out) is triggered instantly, which is important to consider amidst high crypto market volatility.
Trading Platforms
PrimeXBT combines its proprietary PXTrader platform with the classic MetaTrader 5 terminal. This duo meets the needs of most traders, offering convenience and out-of-the-box functionality without installing additional software.
PXTrader
The proprietary PrimeXBT web platform—PXTrader (WebTrader)—launches directly in your browser, eliminating the need for installations. Through a unified interface, you can trade over 100 CFD markets, switching between charts, order books, and trade feeds in just a few clicks. Mobile apps for iOS and Android replicate the functionality of the browser version, and within the terminal, modules for copying trades and a rewards center are integrated, allowing you to manage strategies and bonuses without leaving the screen.
PXTrader supports both full-size and resizable chart windows, 50+ technical indicators, hotkeys, and advanced order types (Market, Limit, Stop, OCO), making it suitable for both scalpers and position traders.
MetaTrader 5
For those accustomed to classic desktop platforms, PrimeXBT offers MetaTrader 5 in partnership with the licensed provider PXBT Trading Ltd (FSA Seychelles license SD162). MT5 is available on Windows, macOS, iOS, Android, and via the web; you can download or launch the terminal from your broker’s account dashboard.
The platform provides access to the same 100+ CFD assets, but augments them with a classic interface, an integrated marketplace for expert advisors, and the ability to automate trading via MQL5. Creating an MT5 account is just a few clicks away, although the broker notes that the service might be unavailable in certain regions—it's advisable to verify immediately after registration.
Analytics
PrimeXBT offers a comprehensive basic suite: interactive charts with 50+ indicators, a real-time updated economic calendar, and daily market reviews. These tools cater to the needs of both technical and fundamental analysis directly within the terminal, eliminating the need for third-party services.
Charts and Technical Analysis
A dedicated section on the PrimeXBT website provides live charts that load real-time quotes and allow you to switch timeframes from 1 minute to 1 month. Over 50 technical indicators are built-in—from moving averages to MACD and Bollinger Bands. Additionally, a full set of drawing tools for trendlines, channels, and patterns is available, enabling you to conduct technical analysis without external tools.
Economic Calendar
To aid in fundamental analysis, the broker offers its own economic calendar: data is sourced from official institutions (Fed, ECB, statistical agencies) and is updated in real time. Filters by country, importance level, and indicator type allow you to quickly identify events that may influence the selection of specific assets or trading sessions.
Market Research
The team of analysts publishes daily market research: macroeconomic reviews, technical setups for cryptocurrencies, stocks, and indices, as well as thematic articles on indicators and strategies. Materials are categorized and accessible without subscription directly from the terminal or website. This ensures that traders receive up-to-date content and educational resources in one place.
Education
PrimeXBT offers an impressive library of hundreds of articles, step-by-step guides, and a glossary covering all levels from beginners to advanced strategies. However, the platform has not yet incorporated interactive elements into its textual content: there are no regular webinars, video courses, or podcasts that provide deeper immersion and live interaction with experts.
Educational Articles
The PrimeXBT website hosts over two hundred free articles and guides. The materials cover technical topics (chart patterns, indicators, risk management), fundamental subjects, and features of trading cryptocurrencies alongside traditional derivatives. New publications appear every week, and access is open without registration—simply navigate to the Educational Articles section on the website or within PXTrader.
Trading Glossary
To quickly navigate terminologies, the broker supports an alphabetical trading glossary. The dictionary covers both classic exchange concepts (e.g., "Market Order", "Drawdown") and specific crypto jargon (e.g., "Pump & Dump", "Privacy Coin"). The search works by keywords, and each term is accompanied by a concise definition and practical examples.
Customer Support
PrimeXBT provides two main communication channels. The online chat responds within a few minutes and is highly rated by users, reflecting the professionalism and efficiency of its operators. Email inquiries are handled reliably, though responses may take up to 24–48 hours during peak times. Overall, the support service is convenient, multilingual, and promptly resolves most trader queries.
How to contact support?
PrimeXBT offers two primary channels:
- Online Chat — the chat icon is available on every page of the website and within the PXTrader terminal. Your message is instantly delivered to an operator.
- Email — the general address is support@help.primexbt.com. The reply is sent to the same email account from which the request was sent.
Additionally, there is a self-service Help Center featuring articles and FAQs, and within the chat, you can submit a ticket if your query does not require a live dialogue.
Support Hours
Customer support operates 24/7. Operators handle messages in real time. While fiat payment moderators confirm transactions in two windows on weekdays (07:00–08:00 UTC and 12:00–14:00 UTC) and once on weekends (12:00–14:00 UTC), the chat remains active without interruption.
Feedback on Support
Most user reviews commend PrimeXBT for its "quick and friendly" chat. Responses are described as "prompt and helpful". Media reviews also note that while email support operates 24/7, response times may extend to 24–48 hours during peak periods. Overall, the support reputation remains positive, with the only recurring complaint being the slower email response compared to the instantaneous chat.
PrimeXBT Alternatives
Looking for PrimeXBT alternatives? Compare key features of PrimeXBT against its competitors.
| Broker |  Ultima Markets |  FBS | PrimeXBT |  Blueberry Markets |  HF Markets |
|---|---|---|---|---|---|
| Rating | 4.4/5 | 4.3/5 | 4.4/5 | 4.4/5 | 4.3/5 |
| Minimum deposit |
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| Spread | from 0 points | from 0.7 points | from 0.1 points | from 0 points | from 0 points |
| Trading platforms |
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| Reviews | Ultima Markets review | FBS review | Blueberry Markets review | HF Markets review | |
| Broker comparison | PrimeXBT vs Ultima Markets | PrimeXBT vs FBS | PrimeXBT vs Blueberry Markets | PrimeXBT vs HF Markets |
If you want to compare PrimeXBT with other forex brokers in more detail, go to the Forex Brokers Comparison page.
Conclusion
PrimeXBT is an excellent platform for active Forex and cryptocurrency traders, scalpers, high-leverage enthusiasts, and those who value rapid registration, low fees, and integrated copy trading. The platform is particularly attractive if you combine margin trading on traditional markets with crypto futures, and do not require spot ETFs, bonds, or first-tier licenses (FCA/CySEC). Moreover, extensive tournaments, bonuses, and VIP discounts make it appealing for beginner traders looking to start without large deposits.
FAQ
Is PrimeXBT legit?
Yes. PrimeXBT has operated since 2018 under multiple licenses (FSA Seychelles, FSCA South Africa, FSC Mauritius, DASP El Salvador) and is a member of The Financial Commission with a compensation fund.
Which country is PrimeXBT from?
The main corporate entity, PXBT Trading Ltd, is incorporated in the Seychelles; the broker also maintains regulated subsidiaries in South Africa, Mauritius and El Salvador.
Is PrimeXBT an ECN broker?
No. PrimeXBT is a multi-asset CFD and crypto-derivatives broker that aggregates liquidity internally rather than routing orders to an external ECN.
How does PrimeXBT make money?
Through bid/ask spreads on CFD markets, maker/taker fees on crypto-futures, overnight financing (swaps) and certain withdrawal fees after free limits are exceeded.
Is PrimeXBT good for beginners?
It can be: the platform offers fast sign-up, a copy-trading module and educational articles, but high leverage (up to 1:1000) requires strict risk control.
Does PrimeXBT offer a demo account?
Yes. You can open a risk-free demo via the Trading Contests section or create a separate “virtual” account inside PXTrader to practice with paper funds.
How can I open an account with PrimeXBT?
Register with an e-mail and password, confirm the address, deposit at least the minimum amount (or start on demo) and complete KYC to unlock full functionality.
How can I delete my PrimeXBT account?
Close all positions, withdraw remaining funds, then send a request titled “Account Closure” via live chat or to support@help.primexbt.com. Support will deactivate the profile once the balance is zero.
What is the minimum deposit for PrimeXBT?
USD 10 (or crypto equivalent) via Volet/Binance Pay; USD 15 for most card or local payment options.
What is the maximum leverage on PrimeXBT?
Up to 1:1000 on major Forex pairs, 1:500 on commodities and 1:200 on crypto-futures.
How do I deposit funds in a PrimeXBT account?
Log in → Deposit, pick crypto (BTC, ETH, USDT, etc.) or fiat (Visa/Mastercard, Volet, Binance Pay, bank transfer), follow on-screen instructions; no internal deposit fee.
How do I withdraw money from PrimeXBT?
Go to Withdraw, select the same method you previously used to deposit, enter amount, review any fee (first 3 fiat withdrawals per 30 days are free) and confirm. Crypto withdrawals incur only the network fee.
Does PrimeXBT provide VPS?
No built-in VPS service is offered; traders needing 24/7 algorithmic hosting must rent third-party VPS and connect MT5 manually.
Is PrimeXBT suitable for scalping?
Yes. Tight spreads, fast execution and no explicit restrictions make the platform scalper-friendly.
Is PrimeXBT suitable for auto-trading?
Partly. MT5 supports Expert Advisors (EAs), and PXTrader exposes an API, but there is no proprietary VPS or copy-script marketplace.
Is PrimeXBT suitable for hedging?
Yes. Both PXTrader and MT5 allow long and short positions on the same instrument, enabling hedging strategies.
Is PrimeXBT suitable for spread betting?
No. PrimeXBT offers CFDs and crypto-futures but does not provide UK-style spread-betting accounts.
