PrimeXBT at a glance
The key facts, the overall score and the score for each part of the review. Select a part to read its findings.
- Minimum deposit
- $10
- Regulated by
- FSA Seychelles, FSCA South Africa, CNAD El Salvador, BCR El Salvador, FSC Mauritius
- Trading platforms
- PXTrader · PXTrader 2.0 · PrimeXBT App · MetaTrader 5 · WebTrader
- Maximum leverage
- 2000
- Spread
- Floating
How we review brokers Commercial relationships may affect where brokers appear on FxAsking. They do not guarantee a positive review or score. Advertiser disclosure
Is PrimeXBT a good broker? Our verdict
PrimeXBT suits active, leveraged CFD and crypto-futures traders who want MT5 or a combined web platform; it is less suited to investors seeking direct share ownership or a clearly itemised, comparable cost schedule. Its useful breadth comes with a choice of MT5 and PXTrader 2.0, alongside a mobile app, a demo, and crypto futures. The main trade-off is that the advertised account and leverage terms are not fully consistent: for example, PrimeXBT’s MT5 Pro account is promoted with both 1:2,000 and 1:1,000 maximum leverage on different account descriptions. The legal entity matters too, because PrimeXBT says it assigns the contracting company according to the client’s jurisdiction, while protections and regulatory status differ across its named entities. The best fit is therefore a trader comfortable comparing the exact account terms and accepting leveraged derivative exposure rather than holding underlying shares.
What stands out
- MT5 accounts start at a $1 deposit, giving small-balance traders a low stated entry threshold for that platform.
- The PXTrader 2.0 account combines 250+ CFDs and forex instruments with 200+ crypto futures instruments.
- PrimeXBT offers a free demo account with virtual funds and simulated market conditions.
- MT5 supports Expert Advisors, and PXTrader provides market, limit, stop, OCO, take-profit and stop-loss orders.
What to consider
- MT5 Pro leverage is advertised as both 1:2,000 and 1:1,000, complicating comparisons for traders choosing high leverage.
- PrimeXBT lists the United States among restricted jurisdictions, ruling out accounts for US residents.
Who owns PrimeXBT and where is it based?
Review score2.8/ 5PrimeXBT is a trading brand established in 2018, with global operations and locations listed in South Africa and Saint Lucia. It focuses on leveraged CFDs, forex and crypto futures, alongside a separate service to buy cryptocurrency. PrimeXBT reports more than one million users, service in 150+ countries and 100+ tradable assets; these are company figures, not independent measures.
For PrimeXBT (PTY) LTD, the South African legal terms describe the firm as an intermediary between the investor and the market maker, which is the counterparty to products bought through it. That arrangement means the market maker, rather than the trader, is the counterparty to those products. PrimeXBT’s product range includes web and mobile trading as well as the MetaTrader 5 platform.
Is PrimeXBT safe, legit and regulated?
Review score2.7/ 5PrimeXBT (PTY) LTD is described as an authorised financial services provider in South Africa, licence 45697, and as an intermediary whose market-maker counterparty provides the products. PrimeXBT Trading Services, S.A. holds a Digital Asset Services Provider licence from El Salvador’s Comisión Nacional de Activos Digitales (CNAD), registration PSAD-0045, and a Bitcoin Services Provider licence from the Banco Central de Reserva (BCR), registration 66d10393e8a00a3181b8e457. PrimeXBT Trading Services Ltd is incorporated in Saint Lucia under registration 2024-00343; the stated incorporation is not itself evidence of financial-services authorisation.
PrimeXBT says its services are unavailable to residents of restricted jurisdictions, including the United States, United Kingdom, Canada, Iran, North Korea and Russia. Its website is not intended for European Economic Area residents, though it says it accepts people from that region only when they register on their own initiative. PrimeXBT describes cybersecurity measures including geographically distributed hardware security modules rated FIPS PUB 140-2 Level 3 or higher and cold storage with multisignature technology for digital assets. These are platform-security claims, not evidence of segregated client money, negative balance protection or compensation-scheme cover. Regulation does not remove market or counterparty risk.
PrimeXBT fees, spreads and commissions
Review score2.8/ 5PrimeXBT’s headline pricing varies by product and account, and the advertised spread figures are minimums rather than typical trading costs. That distinction makes the raw figures a poor basis for estimating the cost of an ordinary trade.
What do PrimeXBT’s spread and fee figures cover?
PrimeXBT advertises MT5 spreads from 0.1 pips generally and MT5 Pro spreads from 0.0 pips. A separate MT5 Pro description also calls the spreads “from 0.0 pips.” The account comparison includes “Spreads from 0.2 pip” and “0 pip,” while its fee row gives “No Fees” for one product and taker fees from 0.015% and maker fees of 0.01% for crypto futures. A zero-fee label for one product is not evidence that every product is commission-free.
Nor do the advertised minimums show what a trader would pay during normal or volatile market conditions. For crypto futures, the stated maker and taker fees use different order roles, so the applicable rate depends on how an order interacts with the order book.
What other charges affect the total?
PrimeXBT promotes zero commissions and tight spreads, but its account comparison also lists product-specific crypto-futures fees. For an active trader, the first practical cost check is the live spread on the intended instrument and account; crypto-futures traders also need to identify whether maker or taker pricing applies to their orders.
PrimeXBT account types and minimum deposit
Review score3.4/ 5Which account suits your trading style?
MT5 Standard is advertised with leverage up to 1:1,000, a bonus and 5% cashback. MT5 Pro is presented as a higher-volume account with tighter minimum spreads and 5% cashback. Its maximum leverage is inconsistent across descriptions: the MT5 account page says up to 1:2,000, while the dedicated Pro account description says up to 1:1,000. PrimeXBT also advertises no minimum balance for the Pro account and says an account can start with $1. These distinctions make the Pro label a product tier, not evidence of a regulated professional-client classification.
The MT5 Swap-Free account is described as having the same trading conditions as Standard without overnight swap or rollover fees. Pro advertises an extended swap-free benefit, conditional on maintaining trading activity. PXTrader 2.0 combines CFDs and forex with crypto futures in one account; the comparison lists account currencies of USD, USDT and USDC for PXTrader and USDT, USDC, BTC and ETH for crypto futures. These are trading-account currencies, not a complete list of deposit methods.
A free demo provides virtual funds in a simulated environment with market conditions, tools and leverage. For a trader comparing account types, the important distinction is not simply the minimum spread: it is whether the instrument is a CFD or crypto future, and which product-specific fee and account rules apply.
Leverage, margin and order execution
Review score2.7/ 5PrimeXBT advertises leverage up to 1:1,000 on PXTrader 2.0, with limits varying by asset class. Its own account descriptions conflict on some MT5 Pro terms, so the highest advertised figure should not be treated as a single universal limit.
The PXTrader comparison lists maximum leverage of 1:1,000 for forex, 1:500 for crypto, 1:1,000 for commodities, 1:200 for indices and 1:20 for shares. It lists 1:500 for crypto futures, with cross and isolated margin support. The MT5 Pro account page advertises up to 1:2,000, whereas its dedicated Pro description says up to 1:1,000. A separate ZeroStop account description advertises a 0% stop-out level, while the account comparison gives a 40% maintenance-margin stop-out figure. These account descriptions do not reconcile the differences, so the applicable terms need to be read with the specific account agreement.
PXTrader supports market and limit orders, stops, OCO, take profit and stop loss. The crypto-futures order book allows limit orders to be placed among visible bids and offers; PrimeXBT says maker orders can receive reduced fees. The MT5 web information identifies sell-stop-limit and buy-stop-limit orders. PrimeXBT promotes “lightning-fast execution,” but this is a marketing description rather than an independently measured result. It describes the South African entity as an intermediary to a market maker, which is the counterparty to the products.
MT5 does support Expert Advisors as a platform feature.
What can you trade with PrimeXBT?
Review score4.0/ 5The available range and counts depend on the platform and product.
Which markets are available on each platform?
PXTrader 2.0 advertises 250+ CFDs and forex instruments, including forex, crypto, commodities, indices and shares, alongside 200+ crypto-futures instruments. The futures are described as crypto perpetuals. The account comparison lists forex, crypto, commodities, indices and shares as PXTrader markets, and crypto perpetuals as the futures product. It does not describe those share products as direct share ownership; PrimeXBT’s platform description calls them CFDs on shares.
MT5 is advertised with 200+ CFDs and forex instruments in one account description and 100+ markets on some platform pages. PrimeXBT’s MT5 descriptions identify CFDs on crypto, forex, indices and commodities. The different counts relate to different platform descriptions, rather than proving a single count for every account.
PrimeXBT also advertises a service to buy more than 60 cryptocurrencies with Visa or Mastercard. The range therefore suits traders looking for multi-market derivative exposure, particularly those who want both traditional CFD markets and crypto futures, rather than investors seeking a portfolio of owned shares or ETFs.
PrimeXBT trading platforms and app
Review score4.2/ 5PrimeXBT offers its browser-based PXTrader 2.0, MetaTrader 5 and the PrimeXBT mobile app. MT5 is the clearest fit for traders who use Expert Advisors; PXTrader combines CFD, forex and crypto-futures trading, with some product-specific differences.
What can you do on PXTrader 2.0?
PXTrader 2.0 runs in a web browser and is described as a combined platform for global CFDs, forex and crypto futures. It uses TradingView charts on the web; the account comparison lists DXtrade integration for web charting and TradingView on mobile. Its listed order tools include market and limit orders, stop orders, take profit, stop loss and one-click trading. Crypto futures users can use cross or isolated margin and view the platform’s order book, which PrimeXBT describes as client-matched and transparent. The order-book feature is specific to crypto futures.
Does PrimeXBT support MT5 and automation?
MetaTrader 5 is available as a desktop application for Windows and macOS, on Android and iOS, and as a browser-based WebTrader. PrimeXBT says MT5 supports Expert Advisors for automated trading. PrimeXBT describes technical indicators, charting tools and additional pending order types for MT5; availability of a particular product still depends on the account.
The PrimeXBT app runs on Android and iOS and provides access to CFDs and crypto futures, with charting and trading tools. A product update announces a PXTrader 2.0 Trade API for account automation. Platform access is advertised as free to download; that does not remove trading costs or the need for an account. PrimeXBT’s current legal text says it does not offer or support MetaTrader 5 services for the named South African entity and for PrimeXBT Trading Services Ltd, so platform availability depends on the contracting entity.
Opening an account, deposits and withdrawal times
Review score2.7/ 5PrimeXBT says registration takes only a few minutes, and its account descriptions also outline a three-step journey: sign up, fund the account and start trading. The available payment methods depend on jurisdiction, so the listed choices are examples rather than a promise that each is available to every client.
How can you fund an account?
PrimeXBT lists bank transfers, cards, e-wallets and cryptocurrency among supported deposit methods. Named examples include Visa, Mastercard, Skrill, Standard Bank, crypto and Binance Pay, with more payment options advertised. The MT5 Standard and Pro accounts have a stated minimum deposit of $1. PXTrader 2.0 account currencies include USD, USDT and USDC; the crypto-futures comparison also lists USDT, USDC, BTC and ETH. PrimeXBT says funds can be transferred between trading accounts when they use the same currency, or exchanged first when the currencies differ.
How long do withdrawals take?
PrimeXBT advertises instant withdrawals for its mobile app and says it processes deposits and withdrawals 24/7 for Pro accounts. A bank transfer, card payment or blockchain transaction can have a separate settlement process, so the advertised wording should not be read as a guaranteed time for funds to arrive. Payment availability and the applicable procedures depend on the client’s jurisdiction and contractual entity.
Deposit methods
Apple Pay
Binance
Bitcoin
Ethereum
Mastercard
Skrill
Tether
USD Coin
Visa
Wire Transfer
Withdrawal methods
Binance
Bitcoin
Ethereum
Mastercard
Skrill
Tether
USD Coin
Visa
Wire Transfer
Research, education and customer support
Review score3.0/ 5PrimeXBT provides platform guides, a Help Centre, a glossary and product updates, with customer support by live chat and email around the clock.
The Help Centre and platform pages explain MT5 installation and login on Windows, Mac, Android, iOS and WebTrader. PrimeXBT’s glossary gives trading and crypto definitions, while the company blog carries market-product updates and operational announcements. A series of trading contests uses virtual funds and awards tradable bonuses, which cannot be withdrawn as cash according to the contest terms.
PrimeXBT lists 24/7 live chat and email support and describes its team as multilingual. The security and contact descriptions give [email protected] as a contact address; the South African contact listing also gives [email protected]. PrimeXBT promotes 24/7 human support, but no response-time claim is needed to assess the service’s stated availability. Contact hours for its press and media department are separately listed as weekdays, 07:00 to 16:00 UTC.
PrimeXBT alternatives worth comparing
PrimeXBT’s most distinctive comparison points are its combined PXTrader access to CFDs and crypto futures, and its advertised spread and fee terms that vary by product. Traders focused on MT5 forex can compare another CFD provider’s typical EUR/USD spread, round-trip commission and overnight financing against the live costs of the specific PrimeXBT account, rather than comparing headline minimum spreads alone.
For crypto-futures trading, compare the maker and taker fee schedules and available margin modes at another derivatives venue with PrimeXBT’s stated 0.01% maker fee and taker fees from 0.015%. Those figures apply to crypto futures, not automatically to CFDs or MT5 forex. Investors seeking actual share ownership should compare a securities broker that holds shares for clients, since PrimeXBT’s share exposure is described as CFDs.
Checks to make before you open an account
Review score4.8/ 5Choose the platform and product before funding: PXTrader combines CFDs and crypto futures, while MT5 focuses on CFDs and forex markets.
For MT5 Pro, settle which leverage and stop-out terms appear in the account agreement, since PrimeXBT’s product descriptions give different maximum-leverage figures. A trader holding positions overnight also needs to distinguish the Standard swap terms from Swap-Free or Pro’s activity-conditioned extended swap-free benefit. Finally, confirm which PrimeXBT company is named in the agreement at registration, because that determines the legal relationship and applicable protections.
PrimeXBT FAQ
01Is PrimeXBT regulated?
PrimeXBT names South African financial-services authorisation for PrimeXBT (PTY) LTD, licence 45697. Its El Salvador company holds CNAD registration PSAD-0045 for digital-asset services and BCR registration 66d10393e8a00a3181b8e457 for bitcoin services.
02Is PrimeXBT safe?
PrimeXBT describes cybersecurity measures including FIPS PUB 140-2 Level 3 or higher hardware security modules and cold storage with multisignature technology for digital assets.
03What is PrimeXBT’s minimum deposit?
PrimeXBT advertises a $1 minimum for MT5 Standard and MT5 Pro accounts. That figure is not a stated PXTrader 2.0 minimum, so it should not be assumed to apply to every platform or product.
04Does PrimeXBT offer MT5?
Yes. PrimeXBT offers MetaTrader 5 for Windows, macOS, Android and iOS, as well as a browser-based WebTrader. MT5 supports Expert Advisors. Its legal text says that the South African company and PrimeXBT Trading Services Ltd do not offer or support MT5 services, so availability depends on the contracting entity.
05Does PrimeXBT accept US clients?
No. PrimeXBT lists United States residents among the restricted jurisdictions for the entities described in its legal notice.
06Does PrimeXBT have a demo account?
Yes. PrimeXBT advertises a free demo with virtual funds and simulated market conditions, tools and leverage. It is presented as a way to practise platform use and test strategies without depositing money.
Leave your review
What should another trader know about your experience?