PrimeXBT is regarded as a trusted Broker with an average risk profile. The FSCA and the FSA license the broker and it has a trust score of 90 out of 100.

🛡️Regulated and trusted by the FSCA and FSA
🛡️2808 new traders chose this broker in the last 90 days.
🛡️Available for global Traders.

Overview

Established in 2018, PrimeXBT has quickly become a leading global platform in online trading, serving over 1 million users in 150+ countries. The brand provides cutting-edge technology and a diverse range of assets, including cryptocurrencies, forex, and commodities. With a focus on empowering traders, PrimeXBT offers advanced tools, educational resources, and a client-centric approach to ensure traders can make informed decisions and take full advantage of market opportunities.

Frequently Asked Questions

What markets can I trade on PrimeXBT?

PrimeXBT offers over 100 tradable assets, including cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), as well as Forex pairs, commodities, and major stock indices like the S&P 500.

How long has PrimeXBT been in business?

PrimeXBT was established in 2018, and since then, it has grown to serve over 1 million users across more than 150 countries.

What tools and resources does PrimeXBT provide for traders?

PrimeXBT offers a range of advanced trading technologies, educational resources, and market analysis tools to help users make informed decisions. The platform is designed to empower traders of all experience levels.

How can I get support if I have a question or issue?

PrimeXBT provides 24/7 support through live chat and email. Their multilingual support team is always available to assist with platform queries or account-related concerns.

Our Insights

PrimeXBT is a reliable and innovative platform for traders looking to access a broad range of financial markets, including crypto, forex, and commodities. With its user-first approach, cutting-edge tools, and a strong focus on transparency and client empowerment, PrimeXBT is well-positioned to remain a leading choice for global traders seeking a versatile and trusted trading partner.

Detailed Summary

Frequently Asked Questions

Can I trade on mobile devices?

Yes, PrimeXBT provides a mobile app for both iOS and Android, allowing you to trade on the go.

Does PrimeXBT offer a demo account?

Yes, PrimeXBT offers a demo account where users can practice trading without risking real money.

What customer support options are available?

PrimeXBT offers 24/7 customer support through live chat and email, available in multiple languages, including English, Spanish, Portuguese, Russian, and Chinese.

Is there negative balance protection on PrimeXBT?

Yes, PrimeXBT provides negative balance protection to ensure that traders cannot lose more than their initial deposit.

Our Insights

PrimeXBT stands out as a versatile trading platform, ideal for active traders and professionals seeking a broad range of tradable assets and competitive conditions. With features like zero commission, high leverage, and a demo account, it caters to both beginners and experienced traders.

Safety and Security

PrimeXBT operates under regulation in multiple jurisdictions, providing a secure environment for its users. The platform is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa under license number 45697, ensuring that it meets local financial standards.

Additionally, PrimeXBT’s counterparty, PXBT Trading Ltd, is authorized by the Seychelles Financial Services Authority (FSA) with broker-dealer license number SD162. This dual-regulation approach helps

Frequently Asked Questions

Is PrimeXBT regulated?

Yes, PrimeXBT is regulated in South Africa by the Financial Sector Conduct Authority (FSCA) with license number 45697. It is also regulated in Seychelles by the Financial Services Authority (FSA), holding a broker-dealer license number SD162.

Where is PrimeXBT based?

PrimeXBT is registered in South Africa under the company name PRIMEXBT (PTY) LTD, with its registered address in Gordons Bay, Western Cape, South Africa. Its liquidity provider, PXBT Trading Ltd, is incorporated in Seychelles.

How does regulation ensure my safety when trading on PrimeXBT?

Regulation ensures that PrimeXBT adheres to local financial standards and operates transparently and ethically. This includes proper licensing, security measures, and compliance with financial laws to protect traders’ interests.

What is the role of PXBT Trading Ltd?

PXBT Trading Ltd, based in Seychelles, is the liquidity provider and counterparty for the CFD products available through PrimeXBT. It is regulated as a Securities Dealer by the Seychelles Financial Services Authority (FSA), ensuring a legitimate and secure trading environment.

Our Insights

PrimeXBT’s dual regulation in South Africa and Seychelles provides a solid foundation of safety and security for traders. Both regulatory bodies ensure that PrimeXBT operates with transparency and adheres to required financial standards.

While the platform is regulated in two jurisdictions, it offers additional protections, such as account segregation and negative balance protection, to enhance the safety of your funds while trading.

Bonus Offers and Promotions

PrimeXBT offers exciting bonuses and rewards to enhance your trading experience. With opportunities to earn over $6,100 through multiple promotions, traders can maximize their journey with rewards at every step. Whether it’s a welcome bonus of up to $500 for CFD and Crypto Futures, or the chance to earn over $3,390 as you progress, PrimeXBT makes it easy for users to take full advantage of their trading activities.

Weekly trading contests also provide an additional chance to win up to $1,000, with no download required to access the platform. Start trading today and take advantage of these exclusive promotions!

Frequently Asked Questions

How can I earn a welcome bonus on PrimeXBT?

You can earn up to $500 by depositing at least $300 into your trading account. Start trading to claim your bonus.

What rewards can I earn as I progress as a trader?

As you advance through four steps — from getting started to becoming a pro — you can earn up to $3,390 in rewards by completing tasks like adding funds and making your first trade.

How can I participate in PrimeXBT’s trading contests?

PrimeXBT offers free weekly trading contests where you can compete for up to $1,000 in prizes. The contests are held directly in your browser, with no download required.

Is the sign-up process on PrimeXBT quick and easy?

Yes, PrimeXBT prides itself on offering a fast and simple sign-up process. You can get started in just a few minutes.

Our Insights

PrimeXBT offers a variety of attractive bonuses and rewards to help users get the most out of their trading journey. The promotions, including the welcome bonus and weekly trading contests, provide great incentives for both new and experienced traders. With a straightforward sign-up process and an easy-to-use platform, PrimeXBT is an appealing choice for those looking to maximize their trading potential and earn valuable rewards along the way.

Minimum Deposit and Account Types

PrimeXBT provides a user-friendly and accessible trading experience with a low minimum deposit requirement of just $10. Traders can access a broad range of over 100 CFD markets, including Cryptocurrencies, Forex, Indices, and Commodities, all from a single account.

With spreads starting at 0.1 and no fees for trading CFDs on indices, commodities, and forex, PrimeXBT offers an affordable entry into the world of trading. The platform supports multiple trading tools and strategies, such as Copy Trading, to enhance your trading experience without the need for complex setups or downloads.

Frequently Asked Questions

What is the minimum deposit required to start trading on PrimeXBT?

The minimum deposit to start trading on PrimeXBT is just $10, making it an accessible platform for new and experienced traders alike.

What types of accounts does PrimeXBT offer?

PrimeXBT offers a CFD trading account that provides access to over 100 markets, including cryptocurrencies, forex, indices, and commodities. Accounts are simple to open, and you can use advanced tools with ease.

Are there any trading fees on PrimeXBT?

PrimeXBT offers competitive trading conditions with zero fees for CFD trading on indices, commodities, and forex. Spreads start from 0.1, and there are no commissions on trades.

Can I trade on PrimeXBT without downloading anything?

Yes, PrimeXBT allows you to trade directly from your web browser with the easy-to-use WebTrader. The platform is accessible on all browsers, providing a seamless trading experience without the need for downloads.

Our Insights

PrimeXBT offers an affordable and flexible trading environment with its low minimum deposit of $10, making it easy for traders of all experience levels to get started. The platform provides access to a diverse range of CFD markets and competitive trading conditions, including low spreads and no fees on many products.

How to Open a PrimeXBT Account

To open a PrimeXBT account, follow these simple steps:

1. Step 1: Visit the PrimeXBT Website.

Go to the official PrimeXBT website via your web browser.

2. Step 2: Click “Sign Up” or “Join Now”.

On the homepage, look for a “Sign Up” or “Join Now” button and click on it to start the registration process.

3. Step 3: Enter Your Details.

You’ll be prompted to provide basic information such as:

• Your email address
• A secure password
• Country of residence

4. Step 4: Agree to the Terms and Conditions.

Make sure to review and accept PrimeXBT’s Terms and Conditions before proceeding.

5. Step 5: Complete the Verification Process.

Depending on your country and the platform’s requirements, you may be asked to verify your identity and address. This can involve uploading a government-issued ID and proof of address, though many users can begin trading without this step immediately.

6. Step 6: Deposit Funds into Your Account.

Once registered, you can deposit funds into your trading account. PrimeXBT accepts several deposit methods, including:

• Bank transfers
• Credit/debit cards
• Cryptocurrencies

The minimum deposit to start trading is $10. After funding your account, you can start trading on the platform using the WebTrader or the PrimeXBT mobile app. You’ll have access to over 100 markets, including CFDs on cryptocurrencies, forex, indices, and commodities.

Trading Platforms and Tools

PrimeXBT offers a comprehensive suite of trading tools and platforms designed to help traders succeed. The platform provides access to over 100 CFD markets, including cryptocurrencies, forex, indices, and commodities. Traders can take advantage of competitive spreads starting from 0.1 and zero fees on CFD trading for indices, commodities, and forex.

PrimeXBT’s easy-to-use platforms include the WebTrader (accessible directly from your browser) and the mobile app, making it convenient to trade on the go. Additionally, advanced charting tools, technical indicators, and Copy Trading features empower traders to make informed decisions and automate their trading strategies.

Frequently Asked Questions

What platforms can I use to trade on PrimeXBT?

PrimeXBT offers two main platforms: the WebTrader, which works directly in your browser with no downloads required, and the PrimeXBT mobile app available for both iOS and Android. Both platforms provide easy access to over 100 global markets.

Are there any fees for trading on PrimeXBT?

PrimeXBT offers zero trading fees for CFDs on indices, commodities, and forex. Spreads start as low as 0.1, which helps keep trading costs low.

Does PrimeXBT provide any tools to help me trade?

Yes, PrimeXBT offers a variety of tools to assist traders, including advanced charts, technical indicators, and multiple order types (such as limit and stop orders). Additionally, the platform offers Copy Trading, allowing users to replicate the trades of experienced traders.

Can I use PrimeXBT on mobile?

Yes, PrimeXBT offers a mobile app available for both iOS and Android devices. The app provides access to the same features and tools as the desktop version, so you can trade CFDs anytime, anywhere.

Our Insights

PrimeXBT offers a robust trading environment with a wide range of tools and platforms to suit traders of all experience levels. The WebTrader and mobile app ensure accessibility from any device, while advanced tools like technical indicators and Copy Trading enhance the trading experience.

Fees, Spreads, and, Commissions

PrimeXBT charges various fees across different services, including trading, overnight positions, withdrawals, and its copy trading platform:

Trading Fees:

For cryptocurrency trades, PrimeXBT charges a fee of 0.05% per transaction. For forex, indices, and commodities, the fee is significantly lower at 0.0001%.

Overnight Fees:

PrimeXBT applies overnight fees for positions held overnight. These fees start as low as 0.0017%, depending on the specific market and position size.

Withdrawal Fees:

Withdrawal fees at PrimeXBT differ based on the chosen payment method. Withdrawing $10,000 via credit or debit card incurs a fee of $500. Moreover, using payment methods like Volet or Perfect Money can lower the fee to just $5.

Copy Trading:

PrimeXBT’s copy trading platform enables traders to earn between 60% and 75% of the profits from copied trades, offering an additional source of income for users who follow experienced traders.

Additionally, PrimeXBT offers competitive spreads, starting from as low as 0.1, ensuring that traders have access to tight spreads for more cost-effective trading.

Frequently Asked Questions

What are PrimeXBT’s trading fees for cryptocurrencies?

PrimeXBT charges a trading fee of 0.05% for cryptocurrency transactions.

How much are the overnight fees on PrimeXBT?

Overnight fees on PrimeXBT start as low as 0.0017% for positions held overnight.

What are the withdrawal fees for PrimeXBT?

Withdrawal fees vary based on the payment method.

What percentage of profits do I earn with PrimeXBT’s copy trading?

When using PrimeXBT’s copy trading platform, traders can earn between 60% and 75% of the profits from the trades they copy.

Our Insights

PrimeXBT provides a transparent fee structure, with competitive rates across trading, overnight positions, and withdrawals. While the trading fees for cryptocurrencies are modest at 0.05%, the fees for forex, indices, and commodities are even lower at 0.0001%, offering excellent cost efficiency.

The withdrawal fees are relatively high when using credit or debit cards, but lower fees are available with alternative payment methods.

Deposit and Withdrawal

Depositing money into your PrimeXBT account is straightforward, with multiple options available for a seamless experience. You can deposit funds in US dollars (USD) to your Wallet, CFD Trading account, or Crypto Futures trading account.

The platform provides several deposit methods, including e-wallet services like Volet, and other alternative payment options. Deposits are credited instantly after being processed.

PrimeXBT offers a simple and secure way to withdraw funds. To start a withdrawal, you need to transfer your funds to your account wallet. Once that’s done, you can choose your withdrawal method, which may include options like Volet or other available methods, depending on your country.

Withdrawals are processed once daily, with funds typically sent within 24 hours. The platform also allows withdrawals in cryptocurrency, giving you additional flexibility.

Frequently Asked Questions

How do I deposit money into my PrimeXBT account?

To deposit, simply click the ‘Deposit’ button under ‘Total Funds’ or any other deposit buttons across the platform. Choose USD as the currency, select your wallet or trading account, and choose your country to see available payment methods.

Can I deposit money to both my Wallet and my Trading account?

Yes, you can deposit funds into your Wallet or directly into your CFD Trading or Crypto Futures account.

How do I withdraw funds from my PrimeXBT account?

To withdraw, click on ‘Withdraw’ next to USD in the ‘Wallets’ section on the Accounts dashboard. You’ll need to transfer funds to your Wallet, select your country, and choose your preferred withdrawal method, such as Volet or another available option.

Can I withdraw funds in cryptocurrency?

Yes, PrimeXBT offers the option to withdraw funds in cryptocurrency, providing more flexibility for users who prefer digital assets.

Our Insights

Depositing funds on PrimeXBT is a simple and quick process, with instant credits once your deposit is received. The platform supports multiple deposit methods, giving you flexibility depending on your location. PrimeXBT’s withdrawal process is secure and easy to follow, with the ability to withdraw funds in both fiat and cryptocurrency. The platform’s clear withdrawal instructions and daily processing times ensure a smooth experience.

Customer Reviews

🥇 A Game-Changer for Crypto Trading!

I’ve been trading cryptocurrencies for years, and I’ve tried multiple platforms, but none compare to PrimeXBT. The user interface is incredibly easy to use, and I love the wide range of crypto assets available for trading. The fees are also super competitive, which makes a huge difference for my profits. What really impressed me was the fast order execution and the fact that I could start trading within minutes after signing up. Highly recommended! – James

🥈 Amazing Customer Support and Tools.

PrimeXBT has been a fantastic platform for me. As an active trader in both forex and crypto, I appreciate the low spreads and high leverage they offer. But what stands out the most is their customer support. They are available 24/7, and the team is always prompt and helpful whenever I have questions or need assistance. Plus, the trading tools and charts are top-notch, helping me make informed decisions every time. Overall, it’s been a smooth and profitable experience. – Brian

🥉 Best Platform for Beginners and Pros Alike.

I started trading on PrimeXBT just a few months ago, and I’ve been impressed with how beginner-friendly it is. The educational resources, easy-to-navigate platform, and demo accounts helped me get started without feeling overwhelmed. As I gained more experience, I started utilizing advanced tools like copy trading, which has been fantastic. The low deposit requirements and zero-fee trading on many assets are definitely big selling points. I highly recommend it to both new and seasoned traders. – Susan

Pros and Cons

References:

• A Better Way to Trade
• About PrimeXBT
• Bonus and Promotions

In Conclusion

With over 1 million active traders, the platform provides advanced trading tools, competitive spreads, and up to 1:1000 leverage. Regulated in South Africa and Seychelles, PrimeXBT is suitable for both beginners and professional traders. The platform offers an easy-to-use WebTrader and mobile apps, alongside educational resources, 24/7 customer support, and zero commissions on most trades.

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