PrimeXBT offers Forex, 100+ CFDs, and Spot/Futures Crypto markets with access to TradingView charts for a minimum deposit of $15. The maker / taker fees for Crypto Futures are 0.01% and (from) 0.02%.
PrimeXBT; An Introduction to the Company and its Regulatory Status
![PrimeXBT](https://cdn.tradingfinder.com/image/145272/029-201-tf-en-primexbt-01.webp)
PrimeXBT was established in 2018 in South Africa. The company uses multiple entities to provide various services through its web platform and mobile applications. PrimeXBT regulations:
- The Financial Services Authority of Seychelles (FSA), with license No. SD162
- The Lithuania FCIS (registration No. 306038128)
- The South Africa FSCA (license No. 45697)
- Banco Central de Reserva (BCR), with registration No. 66d10393e8a00a3181b8e457
- The Financial Services Commission of Mauritius (FSC), with license No. GB24203383
PrimeXBT Table of Specifications
PrimeXBT has recently introduced its state-of-the-art Crypto Futures trading platform, bringing many innovative features and improvements to the table. Here's a breakdown of the PrimeXBT key specifications.
Broker | PrimeXBT |
Account Types | Standard, Demo |
Regulating Authorities | FSA, FCIS, FSCA, BCR, FSC |
Based Currencies | Crypto, Currencies |
Minimum Deposit | $15 |
Deposit Methods | Visa/Mastercard, E-Wallet, International Bank Wire Transfer, Crypto |
Withdrawal Methods | Visa/Mastercard, E-Wallet, Bank cards, Crypto |
Minimum Order | 0.01 lots |
Maximum Leverage | 1:1000 |
Investment Options | Copy Trade services |
Trading Platforms & Apps | Proprietary Mobile App, WebTrader, MT5 |
Markets | Forex, Indices, Commodities, Cryptocurrencies, Crypto Futures |
Spread | From 0.1 pips |
Commission | None |
Orders Execution | N/A |
Margin Call / Stop Out | N/A |
Trading Features | Copy Trading, Promotions, Crypto Futures, Affiliate |
Affiliate Program | Yes |
Bonus & Promotions | Seasonal Promotions |
Islamic Account | Yes |
PAMM Account | Yes |
Customer Support Ways | Live Chat, Email |
Customer Support Hours | 24/7 |
PrimeXBT Account Offerings
The Forex broker provides all of its services with an all-in-one solution, the Standard. It also offers a $10,000 practice account. Key features of the PrimeXBT Standard:
- Leverage options of up to 1:1000
- Spreads from 0.1 pips
- No commissions (except for Crypto)
- Minimum deposit of $15
- Limit, Stop, and Asset order types
PrimeXBT Broker Upsides and Downsides
Before considering PrimeXBT as your brokerage company, consider the platformās advantages and disadvantages.
Pros | Cons |
Competitive spreads (from 0.1 pips) | Limited deposit/withdrawal options |
Extensive educational resources | Limited Assets |
Low minimum deposit requirement | Limited account offerings |
Copy trading feature for passive income opportunities | Lack of licensing from tier-1 authorities |
The company won the āBest Value Broker Asiaā award in 2024.
![PrimeXBT Pros & Cons](https://cdn.tradingfinder.com/image/234160/029-201-tf-en-primexbt-02.webp)
PrimeXBT Broker Registration and KYC Verification
PrimeXBT implements Know Your Customer (KYC) procedures to comply with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations. The KYC process involves verifying the identity of customers through personal information and official identification documents.
- Visit the brokerās official website;
- Click āOpen Accountā;
- Provide an email address and set a password;
- Enter the OTC sent to your email;
- Select your country of residence;
- Perform a liveness check;
- Provide proof of ID (passport or driving license).
PrimeXBT Platform Offerings
The next topic in this PrimeXBT review is the trading platform. The company primarily focuses on providing its proprietary platform for web browsers and mobile devices. PrimeXBT download links:
Note that the broker also offers the MT5 platform through its regulated partner in Seychelles, PXBT Trading Ltd. However, to use the MT5 platform, youāll need to switch brokers and open a separate account on PXBT.com with different terms and conditions.
If you decide to go with the partner company, check our extensive list of MT5 indicators for additional analytical tools.
PrimeXBT Fees and Commissions
The lack of transparency in the fee structure is one of the PrimeXBTās biggest downsides. The company boasts 0.0% fees and tight spreads from 0.1 pips. The company also offers Crypto Futures trading on its platform with TradingView charts. Here are the maker/taker fees for PrimeXBT Futures trading fee.
Maker | 0.01% |
Taker | From 0.02% |
Supported Payment Methods on PrimeXBT
The company offers two main payment options, including Fiat and Crypto. While deposits are without fees, withdrawal commissions start from 0.05%, variable based on the voucher or the blockchain.
- Bank transfers
- Credit/Debit Cards
- e-Wallets (Perfect Money, Volet, Binance Pay)
- Crypto (BTC, ETH, LTC, USDT, and many more)
PrimeXBT Broker Copy Trading
![PrimeXBT Copy Trade](https://cdn.tradingfinder.com/image/145273/029-201-tf-en-primexbt-03.webp)
The brokerās Copy Trading platform allows users to automatically replicate the trades of experienced traders. It also enables money managers to develop their strategies and earn profits of up to 20%. Key features of PrimeXBT Copy trading:
- Earn up to 75% profit share as a follower and up to 20% as a strategy provider;
- Copy trade Cryptocurrency markets alongside traditional assets (Forex, Commodities, and Indices);
- Membership plans offer increased profit share and reduced trading fees;
- Access comprehensive risk management tools (stop loss, take profit orders);
- User-friendly interface is available for both new and experienced traders.
PrimeXBT Promotional Programs
PrimeXBT offers several partnership and affiliate programs alongside a wide range of seasonal bonus plans.
- Partnership: Up to $2,500 CPA per client and up to 50% revenue share
- Deposit: Up to $500;
- Trading Tasks: Extra funds for completing various tasks
- Seasonal PROMO codes: Halloween $1000 trading bonus, 1 ETH for Ethereumās birthday, and many more
PrimeXBT Support Channels
The company provides comprehensive 24/7 customer support through multiple channels, including:
support@help.primexbt.com | |
Live Chat | Available on the official website |
Telegram Group | https://t.me/PrimeXBT_Global |
PrimeXBT Prohibited Countries
Due to regulatory requirements and legal restrictions, PrimeXBT is not available in certain countries, including:
![PrimeXBT Geo-Restrictions](https://cdn.tradingfinder.com/image/234171/029-201-tf-en-primexbt-04.webp)
- The United States of America
- Japan
- Canada
- Cuba
- Israel
- Iran
- New Zealand
- Syria
- North Korea
- Sudan
- American Samoa
- Russian Federation
- Myanmar
- Saint Lucia
- Puerto Rico
- Guam
- U.S. Virgin Islands
- Northern Mariana Islands
- Crimea
- Donetsk People's Republic
- Gaza Strip
- Zaporizhzhia
- Kherson
- Luhansk People's Republic
PrimeXBT User Satisfaction
Trust score is one of the most important topics in this PrimeXBT review.
Only 13% of reviews on the PrimeXBT's TrustPilot profile are 1-star and 2-star
Based on reviews from platforms like TrustPilot, Forex Peace Army, and Reviews.io, the company generally has received positive user feedback.
4.2 out of 5.0 based on 202 ratings | |
Forex Peace Army | 4.3 out of 5.0 based on 5 reviews |
Reviews.io | 4.7 out of 5.0 based on 356 comments |
Conclusion and Final Words
PrimeXBT provides access to 5 asset classes through the MT5 platform. It also has a copy trading service with 75% profit share for followers and 20% for strategy providers. The broker has a TrustPilot score of 4.2.