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PrimeXBT group includes 2 related companies.
PrimeXBT LC - located in Saint Lucia, regulated by the Financial Services Regulatory Authority (FSRA).
PrimeXBT SEY - located in the Seychelles, regulated by the Seychelles Financial Services Authority (SFSA).
PrimeXBT accepts clients from all over the world, excluding USA, Canada, Japan, Algeria, Ecuador, Iran, Syria, North Korea, Sudan, US Minor Outlying Islands, American Samoa, Russia and some more countries where restrictions apply.
Forex broker offers the following underlying assets for FX trading.
| 40+ Currency Pairs | Based on major and minor world currencies. |
| 40+ Crypto Pairs | Based on Bitcoin, Ethereum, Litecoin, Ripple, EOS, Cardano, Algorand, Cosmos, Avalanche, Axie Infinity, BNB, Dogecoin, Polkadot, Elrond, Filecoin, Fantom, FTX, Helium, ICP, Klaytn, Chainlink, Decentraland, Polygon, NEAR, Sandbox, Shiba Inu, Solana, Theta, Tron, Uniswap, VeChain, Stellar, Monero, Tezos and more. |
| 11 Indice CFDs | Based on baskets of different blue-chip stocks. |
| 7 Metal Spot CFDs | Based on Gold, Silver, Aluminium, Copper, Lead, Nickel, Zinc. |
| 3 Energy Spot CFDs | Based on Crude Oil (WTI, Brent) and Natural Gas. |
PrimeXBT is a bitcoin-based forex & CFD brokerage company registered in the two offshore havens known as Saint Lucia and the Seychelles, both of which generally don't burden brokers with a strict regulatory environment. As a result, brokers there are free to offer pretty much whatever trading conditions they want, including high trading leverage. In PrimeXBT's case, trading leverage of up to 1:1,000 is available on the most liquid assets.
As a crypto-focused broker, PrimeXBT differs from traditional forex brokers in that all of its trading accounts are denominated in bitcoin (BTC). This also means that any fees charged by the broker are charged in BTC.
The trading instruments that are available from PrimeXBT first and foremost includes a range of cryptocurrencies that can be traded with leverage of up to 1:100. Such high leverage on cryptocurrencies is uncommon among forex & CFD brokers, and this offering is therefore quite unique in the industry.
Unlike many other CFD brokers that offer crypto trading, PrimeXBT offers trading in these assets 24/7, in line with how the underlying cryptocurrency market operates.
In addition to cryptocurrencies, PrimeXBT also offers trading in a selection of the most popular forex pairs (fiat currency pairs), as well as CFDs on a handful of stock indices and commodities.
Besides the very high leverage on cryptocurrencies, the innovative web-based trading platform is what really makes PrimeXBT stand out from other crypto-focused CFD brokers. The platform is designed around a highly dynamic chart which is advanced enough for even the most skilled chartists, while still allowing beginners to quickly learn how to use it.
The platform further features a large range of technical trading indicators that can be applied to the charts, and a very easy-to-use order management system that allows for lightning-fast order placement. The trading platform works on any computer as long as it has an internet connection, and is supported by all major web browsers, including Chrome, Safari, Firefox and others.
Besides the web platform, PrimeXBT has also developed its own mobile trading app that works on Apple and Android devices.
PrimeXBT has a very simple fee structure with fixed fees for all trades, regardless of the account types that other brokers use to categorize their clients into. As of this writing, the commission fees start from 0%, while the spreads start from 0.1%.
As a crypto-based broker, PrimeXBT currently only accepts deposits and withdrawals in bitcoin, ethereum (ETH), Tether (USDT) and USD Coin (USDC). Users who do not already have any crypto can buy it through the broker's website and have it credited to their digital wallet on PrimeXBT. Other payment methods, such as PayPal and bank wire transfers, are not accepted.
Also, keep in mind that PrimeXBT charges a withdrawal fee that varies depending on which blockchain is used, starting from $0.5. Deposits are processed free of charge by the broker.
In terms of customer service, it should first be mentioned that PrimeXBT has a very extensive FAQ section on its website that goes into great detail on most issues and questions that users will have. However, it is still possible to contact the broker directly with any issues that are not addressed on the website. For this, the support team is available 24 hours a day, 7 days a week via live chat and email.
All in all, we believe PrimeXBT has a strong offering, particularly for those who are interested in trading crypto with high leverage. 1:100 leverage on cryptocurrency CFDs is almost unheard of in the industry, and means that it is possible to reap great profits (and losses), even with just a small amount of capital. In conclusion, we therefore feel PrimeXBT is a broker that should at least be considered for crypto fans who want high leverage and an intuitive trading platform.
Regarding the analytics, they are very good and you can easily get on board and trade.
Primexbt cross margin trading is an excellent thing to get something out of this bull market! Even me with my $100 can trade 0.005 btc/usdt and get considerable returns thanks to the margin.
Prime's deep analytics and quality edu content is something that helps me stay afloat in trading, thx.
Primexbt suits me fully! Without a doubt, this is a highly cost-effective trading platform, where spreads when trading global markets are as tight as the ones provided by top-tier brokers!
Multiple ways of how to communicate with the support is stunning! I firstly chatted on the platform, but then started to use Telegram as it's more convenient for me. Primexbt - you are on a roll!
One account, one platform for all markets. I was looking for such a convenience.
Primexbt got me hooked because of the crypto in the first place... Having 30 crypto futures to offer is cool!
Here for the crypto futures. There's also other trading assets, but crypto futures are the future.
Here the trade fee for forex and commodities is 0.0001%, seems extremely small... wow.
The customer support consists of FAQs, live chats, social media accounts and phone lines that are accessible 24/7. They have well mannered staff who handle customer difficulties well.
PrimeXBT is a nice platform. I predicted high volatility of BTC in early August and used one feature of this platform - customizable leverage. My margin was enough to survive and get some profit.
I trade crypto and crypto futures and price comission is very small, I like it. Enjoy market analysis because it's free signals for me.
I am 100% sure that even the most unskilled traders can make money here. It is not exactly easy to navigate, but even with my little knowledge, I still made money copy trading.
Trading primexbt crypto futures is of utter delight for me! I know that it's a risky thing, cause you literaly should understand what will happen with the price in the futures, and usually trders tend to abuse leverage, but I am a seasoned trader and I know what I am doing. I chatted with client suport for a long time to understand all peculiarities and they provided me with required info. =)
They have a welcome bonus of $100 and additional bonuses depending on your deposited amount. This is attractive, although this was not the main reason for me to join their platform.
In my PrimeXBT review, I want to talk about my account in copy trading service. I'm sure that for traders like me, this is a great opportunity to start making profit.
I'm not very tech-savvy, but I've read extensively about the security mesures that PrimeXBT implements to protect their clients' funds. It's clear to me that this pltform provides one of the safest trading environments in the market. Their perfect track record of never being hacked or having clients' funds stolen is a proof to their outstanding reputation for safety and security.
Good client support so far. If you need assistance while registering you can count on it. I am not sure about the reply under 2 minutes, but still it's not that long.
It's the bull cycle folks, we are so back! And this platform offers great market access. I trade here because primexbt gives me access to all kinds of assets, not only cryptos. I can make money in cryptos and use the profits to trade indices and forex pairs. That is an awesome deal for me.
PrimeXBT doesn't charge too much fees and that's grate for me as a beginner.
The maximum leverage of 1000 times is attractive. But what I love the most about this exchange is its simplicity. Also, the PrimeXBT Trading Academy is a highly recommended place for novice traders.
PrimeXBT is the most suitable exchange for beginners. It has the Covesting module where you can not only copy trades but also learn from the activity of experienced traders.
I’m a professional trader and I trade on PrimeXBT because this is a good opportunity to connect your trading account to top-notch technical indicators and make advanced analyses.
First of all, fees are very low, and I like that the broker doesn’t charge much of additional costs for the services. Secondly, I’m not a regular user of the primexbt covesting module, but I find this module quite an effective tool for making passive income.
Covesting isn’t the best copy trading platform I’ve ever tried but it’s definitely on my top-3 short list. This tool is very convenient although I can’t say I enjoy the selection of tradable products. But filters are very nice, I can search strategies very quickly and efficiently, which saves a lot of my time.
Good enough broker with low spreads and high leverage for many trading assets. Another nice point, the usual annoying KYC is not required to withdraw funds, as it's done through the crypto-blockchain.
My general impression of this broker is quite positive thanks to tight spreads. Also I would like to mention its Covesting copytrading service. Not gonna say it’s the best in the world, but still pretty efficient, especially for beginners.
It’s kinda good that beginners have such a possibility to start earning. I admire this module, my first Covesting PrimeXBT review is totally positive.
Not a bad broker with a good variety of services (like copytrading and binary options) but it's rather disappointing that they don't offer MT4 or MT5 trading platform.
They no longer accept US clients.
