PrimeXBT is a global multi-asset broker offering CFD trading across cryptocurrencies, forex, indices, shares, and commodities. The broker provides multiple trading options through PXTrader, MetaTrader 5 (MT5), and a dedicated Crypto Futures platform, allowing users to manage different asset classes under one account.
PrimeXBT caters to both new and experienced traders through professional-grade tools, flexible account types, and a user-friendly mobile app. Free demo accounts and weekly trading contests allow users to practice and compete in a risk-free environment.
To help you determine if PrimeXBT is a good exchange for you, this PrimeXBT review covers what PrimeXBT is, the platform’s fees, supported cryptocurrencies, the best features of PrimeXBT, a step-by-step guide on how to open a trading account, and PrimeXBT alternatives for traders who want to explore other options. Let’s get started!
PrimeXBT Review: What is it?
PrimeXBT is a leading cryptocurrency and CFD broker that offers a trading platform for buying, selling, and storing cryptocurrencies founded in 2018. PrimeXBT customers also have access to trade over 100 popular financial instruments, including crypto futures and CFDs, forex (FX), indices, and commodities.
The broker supports three professional trading platforms: PXTrader, MetaTrader 5 (MT5), and a dedicated Crypto Futures platform. These platforms provide access to both traditional and digital markets with advanced tools, full order control, and real-time margin tracking. Trade settlement is flexible, allowing users to grow and manage portfolios in BTC, ETH, USDT, USDC, and USD.
PrimeXBT stands out for its high leverage with up to 500x for crypto and 2000x for forex, low trading costs, and a built-in crypto-to-crypto and crypto-to-fiat exchange. Traders can also benefit from free demo accounts, weekly contests, and a Rewards Center that offers cashback and bonuses.
Security features include HSMs rated FIPS PUB 140-2 Level 3 or higher, cold storage with multisignature technology, and geographically distributed data centers. The broker also enforces 2FA, segregated client funds, whitelisted withdrawals, and negative balance protection.
PrimeXBT is licensed and regulated in South Africa by the FSCA (FSP 45697). Here is a snapshot of the broker’s key features and conditions:
| Exchange | PrimeXBT |
| Founded | 2018 |
| Headquarters | Seychelles |
| Key Features | Multi-asset trade settlement, CFD trading on crypto, forex, indices, shares, and commodities; PXTrader, MT5, and Crypto Futures platforms; demo accounts; weekly contests; 24/7 support |
| Supported Cryptocurrencies | 140+ crypto and crypto CFD pairs |
| KYC Requirements | Mandatory |
| Security Measures | Hardware security modules, multisig cold wallet storage, SSL encryption, segregated accounts, negative balance protection, two-factor authentication (2FA), withdrawal address whitelist, compensation fund, and advanced encryption. |
| Trading Options | Crypto Futures CFDs on crypto, forex, indices, commodities, and shares |
| Leverage Trading | Up to 500x for crypto and up to 2000x for forex |
| Spot Trading | Built-in crypto-to-crypto and crypto-to-fiat exchange available |
| Automated Bot Trading | Yes (on MT5 via Expert Advisors) |
| Rewards & promotions | Weekly trading contests, referral and affiliate programs, Rewards Center with cashback and bonuses |
| Trading Fees | MT5 & PXTrader: 0% commission (spread only) Crypto Futures: From 0.01% |
| Minimum deposit | Crypto: No minimum Fiat: $5 (varies by provider) |
| Payment methods | Bank cards, crypto deposits, and e-wallets such as Skrill and Neteller (plus regional options) |
| Customer support | Email and 24/7 live chat |
| Available in the US | No |
PrimeXBT also does not feature built-in bot trading. However, automated strategies can be developed through MetaTrader 5 using Expert Advisors, making it suitable for users who rely on algorithmic or rules-based trading. The platform is designed for active traders seeking precision, speed, flexibility, and access to diverse global markets through CFDs and derivatives.
What are the Pros and Cons of PrimeXBT?
The pros of PrimeXBT include multi-asset trading across 300+ markets, flexible account funding and trade settlement in multiple currencies, versatile MT5 account types, high leverage options, VIP fee discounts, advanced trading tools, strong security, and 24/7 customer support.
- Multi-Asset Trading and Flexible Settlement: PrimeXBT’s PXTrader, MT5, and Crypto Futures platforms offer professional tools and precision for traders on any device. The broker supports over 300 markets across crypto, forex, indices, commodities, and shares, all tradable from one account. Trade settlement is flexible, allowing deposits and portfolio management in BTC, ETH, USDT, USDC, and USD, supporting global traders and multi-currency growth strategies.
- MT5 Account Types and Features: Access the full MetaTrader 5 suite with algorithmic trading via Expert Advisors (EAs), multiple chart types, and advanced order customization. Choose between Swap-Free accounts for Islamic traders and Zero Stop-Out accounts designed for greater flexibility during volatile markets.
- High Leverage Across Markets: Trade with maximum leverage of 500x for crypto, 2000x for forex, 1000x for commodities and indices, and 1:100 for shares.
- VIP Tiers for Active Traders: Reduce trading costs by up to 70 percent through a volume-based VIP program that lowers both spreads and trading fees.
- Low Fees: 0% commission trading on MT5 and PXTrader (spread only). Crypto Futures traders benefit from maker fees fixed at just 0.01%, while taker fees start at 0.045% and drop to 0.03% with VIP 1 status and 0.015% with VIP 2 tier status.
- Advanced Trading Tools: The trading platform integrates with TradingView, providing access to advanced charting tools, technical indicators, real-time market data, trading signals, and account management tools. Traders can analyze price trends, test strategies, and manage risk with precision and accuracy. Whether you are scalping, swing trading, or building a long-term plan, PrimeXBT offers the tools needed for professional trading.
- Education and Demo Accounts: Explore PrimeXBT through a free $10,000 demo account risk-free practice, and strengthen your skills with tutorials, webinars, and daily market analysis for traders of all levels.
- Robust Security Features: PrimeXBT uses strong security measures such as cold storage for digital assets, two-factor authentication, withdrawal address whitelisting, and encrypted data transmission to protect users’ data and assets. PrimeXBT is also a member of the Financial Commission, providing a degree of assurance through its $20,000 compensation fund.
- 24/7 Customer Support: The PrimeXBT customer support team, available 24/7, often provides prompt and helpful responses. From our PrimeXBT review, we found that customer support is responsive, whether it’s a technical issue, an account question, or assistance with navigating the platform. Help is readily available through live chat, email, and comprehensive educational resources, including trading tutorials and articles.
- Promotions and Rewards: PrimeXBT regularly hosts weekly trading contests, referral programs, and seasonal promotions that give traders more ways to earn. Through the Rewards Center, users can unlock trading bonuses, cashback opportunities, and other performance-based incentives designed to reward active participation on the platform.
The cons of PrimeXBT are the absence of a standard spot exchange, lack of built-in crypto bot trading, limited regulatory coverage, no native staking, and occasional withdrawal delays.
- No Standard Spot Exchange: PrimeXBT includes a built-in exchanger that supports crypto-to-crypto as well as two-way conversions between crypto and fiat. However, it does not offer a traditional spot trading exchange with an order book, which some traders may be used to.
- No Built-In Crypto Bot Trading: Automated strategies can be developed through MT5 using Expert Advisors (EAs), but the platform does not support native or plug-and-play crypto trading bots.
- Limited Regulatory Coverage: PrimeXBT operates under the Financial Sector Conduct Authority (FSCA) license in South Africa (FSP 45697), but it is not regulated under Tier 1 financial jurisdictions such as the FCA or ASIC.
- No Native Staking: PrimeXBT does not currently offer staking for assets like ETH or ADA, limiting options for users seeking passive income from long-term holdings.
- Limited Crypto Options: The platform supports over 140 crypto assets, including major cryptocurrencies such as Bitcoin and Ethereum, along with selected DeFi, metaverse, and meme coins. However, the overall selection is more curated compared to crypto-only exchanges that list 500 or more tokens. For this reason, it may not be a suitable option for traders seeking to access a broad range of altcoins or invest in newer, emerging cryptocurrency projects.
- Withdrawal Delays: Withdrawal processing times can vary depending on the payment method or third-party provider. In some cases, transactions may remain pending while banks or external processors complete verification or settlement, which can take up to 24 hours in certain cases.
What Countries and Regions are Available for PrimeXBT Users?
The countries and regions available to PrimeXBT users include South Africa, India, Pakistan, Brazil, Mexico, Argentina, Malaysia, Vietnam, Thailand, the United Arab Emirates (UAE), and more than 140 other countries.
However, PrimeXBT is not available in certain restricted jurisdictions, including the United States, Canada, Japan, and a few other countries with stringent regulatory requirements. Users in these regions cannot create accounts or access the platform features due to compliance limitations.
Is PrimeXBT Available in the USA?
No, PrimeXBT is not available in the USA. The broker does not offer its products and services to traders in the United States due to regulatory issues. If you’re looking for a good alternative to PrimeXBT that provides similar services, such as copy trading, leverage trading, and multi-asset markets including crypto, forex, commodities, and indices, and is available to US traders, consider eToro.
What are the PrimeXBT Fees?
The PrimeXBT fees include trading fees, deposit fees, and withdrawal fees. Below is a breakdown of the latest PrimeXBT fees and withdrawal limits.
PrimeXBT Trading Fees
PrimeXBT trading fees cover Crypto Futures and CFD markets, including Forex, Commodities, Indices, Shares, and Crypto.
- Crypto Futures Fees: Maker fees are fixed at 0.01%, while standard taker fees start at 0.045%. These rates decrease based on trading volume and VIP tier status, with taker fees reduced to 0.03% for VIP 1 and as low as 0.015% for VIP 2.
- Forex and CFD Fees: For Forex, Commodities, Indices, Shares, and Crypto CFDs traded through PXTrader and MT5, PrimeXBT charges 0% commission with spreads starting from 0.1 pips.
- Funding Rates: Funding fees apply to open positions on the Crypto Futures platform every eight hours. These rates are variable and depend on market conditions and the specific asset being traded. Traders can view current funding rates directly on the platform before opening a position.
For positions on PXTrader and MT5, an overnight financing fee applies once per day. The cost varies by instrument and position type (long or short)
PrimeXBT Deposit Fees
PrimeXBT does not charge deposit fees for cryptocurrency or fiat deposits made via supported payment options. There is no minimum deposit requirement for cryptocurrencies. The minimum deposit amount for fiat is as low as $2, depending on the payment method.
PrimeXBT Withdrawal Fees
PrimeXBT transfer fees are free for internal transfers. However, traders withdrawing to an external wallet must pay a fixed fee for each cryptocurrency withdrawal to cover blockchain transaction costs. These fees, set by the blockchain network and reflected by PrimeXBT, start from just 0.2 USDT.
PrimeXBT does not charge withdrawal fees for fiat withdrawals, and most transactions are processed instantly. However, withdrawal times may vary slightly depending on the payment provider or blockchain network.
What is the Withdrawal Limits on PrimeXBT?
Unverified accounts on PrimeXBT have a standard 24-hour withdrawal limit of $20,000 or the equivalent in other currencies. However, if you wish to increase your daily limit above $20,000, you must complete the KYC verification process.
What Cryptocurrencies are Supported on PrimeXBT?
PrimeXBT supports more than 30 cryptocurrency wallets for deposits and withdrawals. These 30+ assets can also be instantly exchanged using the built-in crypto exchanger with no additional exchange fees.
For account funding and trade settlement, supported currencies are BTC, ETH, USDT, USDC, and USD (fiat).
For trading, PrimeXBT offers over 140 crypto pairs across its Crypto Futures and Crypto CFD markets. These include major assets such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), along with DeFi coins like Curve DAO Token (CRV), and popular memecoins including DOGE and SHIB.
In addition to cryptocurrencies, PrimeXBT also provides access to forex, commodities, indices, and shares, allowing users to trade multiple asset classes from one account.
What are the Best Features on PrimeXBT?
The best features on PrimeXBT include multi-asset trading across 300+ global markets, professional platforms such as PXTrader, MetaTrader 5, and the Crypto Futures platform, and the PrimeXBT Mobile App for full trading access on the go.
Other standout highlights include low fees with VIP tier discounts, high leverage up to 2000x, and a built-in Rewards Center offering trading bonuses and cashback opportunities for active traders.
PrimeXBT Futures & Margin Trading
PrimeXBT offers Futures and margin trading across more than 300 global markets, covering cryptocurrencies, forex, indices, commodities, and shares. Traders can choose between the Crypto Futures platform or CFD platforms (PXTrader and MetaTrader 5), each designed to suit different trading styles and experience levels.
Crypto Futures Platform
The dedicated Crypto Futures platform supports over 140 trading pairs with adjustable leverage up to 500x. Traders can choose between cross-margin and isolated-margin modes for greater flexibility and control over risk exposure.
Cross-margin allows all open positions within the same account to draw from a shared margin pool. Risk is distributed across positions, so potential losses on one trade can affect the available margin for others. However, these potential losses remain limited to the funds allocated within that specific Crypto Futures trading account. Cross-margin also offers adjustable leverage, letting traders fine-tune exposure and manage overall portfolio risk more efficiently.
Isolated-margin limits the margin allocation to a single position, ensuring that potential losses are contained without affecting other funds in that specific trading account or any other open trades. This structure helps traders manage risk more precisely, especially during volatile market movements.
The platform also offers one-click trading mode, providing instant execution without additional confirmation prompts — a useful feature for fast-moving markets where timing is critical.
CFD Trading via PXTrader and MetaTrader 5
PXTrader and MT5 allow margin trading on Forex, Commodities, Indices, Shares, and Crypto CFDs with competitive spreads and leverage up to 2000x for forex, 1000x for commodities and indices, and 100x for shares. MT5 also supports automated trading through Expert Advisors (EAs), advanced charting tools, swap-free account options, and Zero Stop-Out accounts for greater flexibility during high-volatility conditions.
Across all platforms, PrimeXBT provides real-time margin tracking, advanced order types, and fast execution powered by TradingView charting integration. Traders can diversify strategies, hedge positions, and manage both short- and long-term trades efficiently from a single account.
PrimeXBT Mobile App
The PrimeXBT mobile app mirrors the full functionality of the desktop trading platform, giving users direct access to all major trading instruments from their smartphones or tablets. Available on both Android and iOS, it provides a complete trading experience for users on the go.
With support for over 300 financial markets, the app enables trading across cryptocurrencies, forex pairs, indices, commodities such as gold and crude oil, and shares such as Tesla and Nvidia — all managed from a single, user-friendly interface.
The mobile app also offers high-leverage options of up to 500x for crypto futures and margin trading, and up to 2000x for forex. To support detailed market analysis, the PrimeXBT app includes a suite of advanced tools, such as real-time market data, customizable charts, and technical indicators.
Security remains a top priority on the PrimeXBT mobile platform. The app supports two-factor authentication (2FA), withdrawal address whitelisting, and strong data encryption to safeguard user accounts and assets. It also offers biometric login options, such as fingerprint or facial recognition, adding another layer of protection and convenience for mobile traders.
How to Open a New PrimeXBT Trading Account?
To open a new PrimeXBT trading account, you will need to visit the platform’s official website and provide the required information. Here is a step-by-step guide to opening an account.
Step 1: Register
Visit the official PrimeXBT website and click “Register” in the upper right corner or select “Sign up”. On the page that opens, you can choose to input your email and a strong password manually, or you can sign up using your Apple ID or Google account.
Next, verify your email by entering the 4-digit PIN that was sent to the email address you used. Select your country and click “Continue.” You now have a crypto trading account with PrimeXBT.
Step 2: Identity Verification (KYC)
Click on your account icon, select “Verify account,” and check the box to confirm that you have given PrimeXBT permission to process your personal information, then click “Continue.” Next, provide the required personal details and confirm that you are not a U.S. citizen or resident. Then, click “Continue.”
For identity document verification, you can upload a photo already saved on your computer or switch to using your phone to take a live image of your government-issued identification document. Select “Continue,” verify that the information you have provided is correct, and click “Next”. Wait for the exchange to verify the documents.
Step 3: Depositing Funds
Once your account is verified, you can deposit funds to start trading on PrimeXBT. To do this, click “Deposit” and choose whether you want to deposit crypto or fiat. To transfer crypto from another wallet to your PrimeXBT account, click “Deposit Crypto.
Next, select the cryptocurrency you want to deposit and the network. Copy the generated wallet address and paste it into the wallet you are transferring crypto from to complete your trade.
Claiming the Deposit Bonus on PrimeXBT
The PrimeXBT trading platform welcomes new traders with a bonus of up to $500 upon completion of their first deposit. This bonus is only available if you signed up using a PrimeXBT referral code or link. You can use our referral link to sign up and become eligible for rewards.
To claim the $500 bonuses, navigate to the first menu after “PrimeXBT” on the upper left corner of the home page and select “Rewards” or go to the “Promotions” page and claim if you’ve met all the criteria.
Step 4: Start Trading (Crypto Futures)
Traders must transfer funds from their main wallet to a margin trading account to begin trading. From your PrimeXBT dashboard, click on “Trade.” This will lead to the futures trading interface, where you can view charts, order books, trading pairs, and positions.
Choose a crypto futures pair you wish to trade from the left-hand side (e.g., BTC/USD, ETH/USD). You can also search for it in the top-left search bar and choose your order type (market or limit order).
Next, fill in the other details, such as the amount of the base currency you want to buy or sell, the leverage, and set the take-profit/stop-loss (optional but recommended). Once you are satisfied with your parameters, click “Buy/Long” if you are betting on the price to rise or click “Sell/Short” if you believe the cost of the cryptocurrency will fall.
Does PrimeXBT Require KYC?
Yes, PrimeXBT requires KYC before you can deposit and trade. Traders can open accounts without KYC, but cannot deposit crypto or use PrimeXBT trading services without identity verification. PrimeXBT platform also requires KYC if you wish to use fiat services, such as depositing fiat currencies or buying crypto with fiat. The optional KYC for registration makes it one of our top choices for the best no KYC crypto exchanges.
Is PrimeXBT Safe and Legit to Use?
Yes, PrimeXBT is safe and legit to use for crypto, forex, and commodity trading. The platform employs robust security measures to protect user assets and has not experienced any major security breaches since its launch in 2018. However, traders should note that PrimeXBT is not regulated by major global authorities such as the FCA or CySEC, which may concern those prioritizing strict oversight.
Some of the key security features used by PrimeXBT to safeguard traders include hardware security modules (HSMs), segregated accounts, negative balance protection, a compensation fund, and advanced encryption. In addition, the platform supports two-factor authentication (2FA), withdrawal address whitelisting, and cryptographically hashed passwords to further secure user accounts.
- Hardware Security Modules (HSMs) Rated FIPS PUB 140-2 Level 3 or Higher
PrimeXBT uses HSMs rated FIPS PUB 140-2 Level 3 or higher to safeguard users’ funds and sensitive operations. These devices securely generate, store, and manage cryptographic keys, protecting against tampering, unauthorized access, and data leakage. Even if a server were compromised, private keys and other critical data would remain inaccessible.
- Cold Storage with Multisignature Technology
PrimeXBT keeps a significant portion of user funds in offline cold wallets, protecting them from online threats. Transactions from these wallets require multiple registered signatures to execute, adding an additional layer of security and accountability.
- Segregated Accounts
Client funds are held in segregated accounts, completely separate from the company’s operational accounts. This ensures that user capital remains protected and accessible at all times.
- Negative Balance Protection
PrimeXBT’s Negative Balance Protection ensures that traders cannot lose more than their deposited amount. In extreme market conditions, this feature automatically closes positions to prevent accounts from falling below zero.
- Compensation Fund
PrimeXBT is a member of The Financial Commission, an independent external dispute resolution body. This membership includes access to a Compensation Fund of up to $20,000 per claim, protecting clients in the unlikely event of platform insolvency or failure to meet obligations.
- Advanced Encryption
PrimeXBT employs advanced encryption protocols, including full SSL encryption and cryptographically hashed passwords, to ensure account data remains private. All logins, withdrawals, and account actions are fully encrypted.
- Two-Factor Authentication (2FA)
2FA adds a second layer of protection by requiring verification through an authenticator app in addition to your password, making unauthorized access nearly impossible even if login credentials are compromised.
- Withdrawal Address Whitelisting
PrimeXBT users can whitelist trusted withdrawal addresses, ensuring that no funds can be withdrawn to unapproved wallets. Any unauthorized attempt to transfer assets to an unlisted address will be blocked automatically.
PrimeXBT Regulation and Licensing
While PrimeXBT is not regulated by major global authorities such as the FCA or CySEC, it operates under multiple financial service licenses across reputable jurisdictions, ensuring compliance with international standards and maintaining a secure trading environment for users.
Financial Sector Conduct Authority (FSCA), South Africa
PrimeXBT (Pty) Ltd is incorporated in South Africa and licensed as an Authorized Financial Services Provider by the Financial Sector Conduct Authority (FSCA) under License No. 45697. The company’s registered address is 180 Lancaster Road, Gordon’s Bay, Western Cape, South Africa.
Financial Services Authority (FSA), Seychelles
PXBT Trading Ltd is a licensed Securities Dealer under License No. SD162, authorized by the Seychelles Financial Services Authority (FSA). The company’s principal offices are located at IMAD Complex, Office 3, Ile Du Port, Seychelles.
Banco Central de Reserva (BCR) & Comisión Nacional de Activos Digitales (CNAD), El Salvador
PrimeXBT Trading Services S.A. de C.V. holds a Digital Asset Services Provider (DASP) license issued by the CNAD, and a Bitcoin Services Provider (BSP) license from the Banco Central de Reserva (BCR) of El Salvador, with registration number 66d10393e8a00a3181b8e457. These licenses allow PrimeXBT to operate within El Salvador’s regulated digital asset framework.
Financial Services Commission (FSC), Mauritius
PXBT Capital Ltd is incorporated in Mauritius and authorized as an Investment Dealer under License No. GB24203383, issued by the Financial Services Commission (FSC). The entity operates from AllServ Management Ltd, Office 306, 3rd Floor, Ebene Junction, Rue de la Democratie, Ebene, Republic of Mauritius.
What are the PrimeXBT Alternatives?
The best alternatives to PrimeXBT are eToro, Bybit, and FXopen. These exchanges share similarities with PrimeXBT platform in terms of tradeable assets, KYC requirements, and other features. For instance, Bybit offers an extensive copy trading tool for crypto, FX, and gold copy trading, placing it on our ranking of the best crypto copy trading platforms, just like PrimeXBT.
Besides copy trading, these alternative exchanges offer similar products and trading options, like a mix of traditional trading instruments and cryptocurrencies, robust security features, and margin trading.
Despite similarities, each alternative offers unique features, such as eToro’s regulation or Bybit’s broader crypto selection. For more details on their similarities and differences, the top PrimeXBT alternatives are summarized in the comparison table below.
| Exchange | PrimeXBT | eToro | Bybit | FXopen |
| Founded | 2018 | 2007 | 2018 | 2005 (officially as a broker) |
| Headquarters | Seychelles | Isreal | United Arab Emirates | Cyprus |
| Key Features | Copy trading (Covesting), futures and margin trading, and a mobile app. | Smart portfolio, social trading, CopyTrader, and demo account. | Automated trading bots, Launchpad, copy trading, and Bybit Web3. | Forex demo account, PAMM accounts, and multiple trading platforms (MT4, MT5, TradingView, and TickTrader) |
| Supported Cryptocurrencies | 40+ | 85+ | 500+ | 40+ |
| KYC Requirements | Mandatory | Mandatory | Mandatory | Mandatory |
| Security Measures | Multisig cold wallet storage, segregated accounts, negative balance protection, and compensation fund. | Segregated accounts, negative balance protection, 2FA, and biometric login. | Withdrawal confirmation, 2FA, cold storage, and IP whitelisting. | Multi-factor authentication and encryption for data transmission. |
| Trading Options | Futures, margin, copy trading, forex, CFDs, indices, and commodities. | Stocks, crypto, commodities, indices, and ETFs. | Spot, futures, options, forex, CFDs, and copy trading. | FX, Commodities, Indices, Cryptocurrencies, ETFs, and Shares. |
| Leverage Trading | Yes (up to 200x for crypto and up to 1000x for forex). | Yes (up to 10x) | Yes (up to 200x) | Yes (up to 500x) |
| Spot Market | No | Yes | Yes | No |
| Automated Trading Bots | No | Yes | Yes | Yes |
| Earn Products | Refer a friend, trading contests, promotions (new user sign-up, trade and earn, etc.) | Learn and earn, crypto stacking, stock lending, and more. | Savings, referral program, liquidity mining, and more. |  You can get bonuses upto $100 FREE BONUS when you: Related Posts Elon Musk Rekindles Dogecoin Hype: ‘It’s Time’Bitcoin News / Bitcoinist - 10 hours ago  |
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