PrimeXBT Review 2024

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Written By
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Written By
William Berg
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.
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Fact Checked By
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Fact Checked By
Tobias Robinson
Tobias is a partner at, director of a UK limited company and active trader. He has over 25 years of experience in the financial industry and contributed via CySec to the regulatory response to digital options and CFD trading in Europe. Toby’s expertise and dedication to financial education make him a trusted voice in the industry, including a BBC investigation into digital options.

4.1 / 5
PrimeXBT is #44 in our CFD broker rankings.
CFDs, Cryptos, Forex, Indices, Commodities, Futures
Bitcoin Payments, Ethereum Payments, Credit Card, Debit Card


  • Best Crypto Trading App
  • Best Platform For Margin Trading
  • Most Trusted Crypto Asset Trading Platform
  • Best Crypto And Forex Broker


  • The broker’s platform and app offer advanced charting features, including 50+ technical indicators, a customizable layout and multiple order types including OCO
  • There’s a range of additional trading opportunities on offer, including demo contests and a copy trading solution
  • PrimeXBT offers low maker and taker fees coming in at 0.01% and 0.02%, respectively, for crypto futures contracts


  • It’s a shame that there are no popular third-party platforms on offer such as MT4
  • The total selection of 110+ assets is far fewer than top competitors, including OKX with 400+
  • The lack of reputable regulatory oversight is a security concern, though this is common in the crypto trading industry

PrimeXBT Review

PrimeXBT is an online broker providing leveraged trading to clients across the world. Users can also buy and sell crypto tokens like Bitcoin and trade in the brand’s virtual contests. This PrimeXBT review covers the services provided, including its trading platforms, copy trading tool, mobile app and supported countries. We also assess the deposit and withdrawal options, promotional codes, investing fees, and KYC verification systems.


PrimeXBT does not complicate things by offering several account types. Instead, there is only one account providing all the broker’s services with no limits based on deposit size and trading volume.

We also like that there is no minimum deposit, although funds must be transferred before you can start trading.

New users will also appreciate the straightforward joining process, available through an intuitive application form.

Commissions & Fees

PrimeXBT has a transparent fee structure, only charging for each trade and holding a position open overnight. Importantly, our experts found that charges are lower than many alternatives.

Commission rates for cryptocurrencies are competitive at 0.05%, while there is zero commission for forex, indices, or commodities.

Overnight financing charges, often called swaps, are dynamic with the broker and may change from day-to-day. A breakdown of current financing rates is available in the fees section of the website.

Payment Methods

When we used PrimeXBT, we found the company primarily deals in cryptos when it comes to transactions. There is a widget in their deposit section that can be used to buy crypto using a credit or debit card, however this adds a charge. If you already have crypto, depositing into a PrimeXBT account is a simple process. We also like that PrimeXBT has added fiat deposit solutions in EUR and USD.

It may take some time, however, before your payment shows up in the account because there are six automated confirmations that need to be made for security purposes. Our team found that it normally takes around 40 minutes.

How to deposit on PrimeXBT
How To Deposit

Withdrawing is relatively straightforward, needing just a quantity and crypto wallet address to be input. PrimeXBT provides address whitelisting, meaning only the addresses that are pre-set may be used for withdrawals.

There is a reasonable withdrawal fee of 0.0005 BTC. Withdrawals are generally processed by the broker once each day between midday and 2pm GMT.

Note, traders can also transfer their crypto withdrawals into fiat currencies using third-party services.

Assets & Tokens

Users can go long and short on popular cryptos, including Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP).

However, PrimeXBT pulls away from its competitors in the cryptocurrency exchange industry through its range of CFDs extending beyond cryptos. Many of its competitors, BitMEX, Coinbase and ByBit, for example, only offer cryptos as tradeable instruments. PrimeXBT, on the other hand, also offers major and minor forex pairs, global stock indices, energies such as crude oil, plus precious metals like gold and silver. In total, more than 100 instruments are available.

Ultimately, the selection of CFDs allows for portfolio diversification beyond digital currencies and crypto futures. Users can hedge against other positions and risks and speculate on different markets and sectors.

Note, the broker does not offer trading in options and spread betting.

PrimeXBT Platform

PrimeXBT provides its own bespoke, browser-based trading platform that requires no download or installation. The platform comes fully equipped with over 50 technical indicators and a full suite of charting and analysis tools.

Clients can place trades and manage orders directly from charts, powered by TradingView. The workspace is fully customizable and offers a range of visualization tools, execution methods and trading histories.

While using PrimeXBT, traders can also execute several different order types with the option to simultaneously place stop losses and take profits.

We particularly liked that the broker has integrated all features into one account and dashboard. As a result, clients can trade cryptos, traditional CFDs, as well as accessing the firm’s copy trading service and trading contests from one slick interface.

The average order execution speed is 7.12ms.

PrimeXBT platform dashboard
Web Platform

To make a trade, users simply need to choose an asset from the menu in the top left hand corner of the platform. Clients can then select ‘buy’ or ‘sell’ from the top bar or the right hand widget. Investors can amend the order details, including the trade size in a few clicks.

On the downside, we were disappointed to see that the broker does not offer the well-known MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms.

Leverage Review

When we used PrimeXBT, we rated the competitive leverage rates, with cryptos (BTC and ETH) offering up to 1:200. Other altcoins are available up to 1:100. Crypto futures also offer leverage up to 1:200.

1:1000 leverage is accessible for forex pairs, providing margins as low as 0.1%, while indices and commodities can reach 1:100. With that said, metals can climb to 1:500.

The leverage is variable, however, changing with the trade size. The higher leverage rates are only available for smaller trade sizes, and the maximum leverage is reduced as trade size increases.

When comparing to cryptocurrency margin trading exchanges, such as Kraken and Binance, these leverage rates are significantly higher. Covesting accounts have access to maximum leverage rates of 1:200 for all asset types, no matter the trade volume.

Details of the margin call process plus a useful impact calculator can be found on the broker’s website.

PrimeXBT Mobile App

Our experts found that PrimeXBT has developed a mobile version of their custom platform, available for download on iOS and APK smartphones and tablets.

The mobile app has almost all the functionality of the desktop web-based platform, with several order options and an impressive array of customization options to suit any trading preferences. We particularly liked how user-friendly it was, which will appeal to beginners.

Overall, the iPhone and Android mobile app is a suitable alternative or supplement to desktop trading.

Regulation & Licensing

The PrimeXBT brokerage exchange is not currently licensed. This unregulated status may ring some alarm bells, but customer reviews are mostly positive with few complaints of the broker not paying out returns. There is also no news of hacks and funds being stolen from the crypto exchange.

Still, we are hesitant to recommend online brokers that aren’t subject to regulatory scrutiny, as it is harder to ensure they are safe to trade with.

Demo Account

When we used PrimeXBT, we were reassured to see that the brokerage offers a demo account through its Contests.

The simulator account allows users to test the brand’s suite of tools and assets without risking real funds. We found the competitive side of the contests also provides a fun environment for users looking to trial strategies. The broker essentially runs risk-free trading tournaments using a virtual bankroll, with cash prizes up for grabs.

Deals & Promotions

New users can claim a $100 welcome bonus on deposits of at least $500. The offer is available to traders that sign up within 48 hours. Users then have two weeks to claim the joining bonus.

Check the broker’s website for other promotional codes and giveaways in 2024.

Additional Features

Copy Trading

PrimeXBT also offers a Covesting module of its trading platform. Covesting allows any client to invest in other traders and start their own investment funds, essentially copy trading.

We like that the module shows top traders and their funds, track records and returns. Each fund is rated by a series of metrics, including daily and all-time ROI and total capital. Traders with their own funds will both receive more capital from investors and gain a percentage of the extra profits.

Copy trading on PrimeXBT
Copy Traders


There is a range of extra features at PrimeXBT beyond its trading platform. There is an education section explaining markets, order types, trading strategies and how to get the most out of the trading platforms. This is supplemented with a selection of video tutorials and visual guides and a help centre with a fleshed-out FAQ section.

There is also a forex and cryptocurrency blog on the PrimeXBT website, detailing more complex trading strategies and economic news alongside market summaries and analyses. Within the blog, PrimeXBT also makes cryptocurrency, such as Bitcoin (BTX), Ripple (XRP), and EOS, price predictions.

Crypto Futures Platform

A standout feature of PrimeXBT is its selection of crypto futures and perpetual swaps.

Perpetual swaps, for instance, do not have an expiry, allowing traders to hold onto positions. This flexibility makes them suitable for longer-term strategies.

Alternatively, crypto futures use a funding rate solution that keeps prices steady between contract prices and the underlying spot market. Essentially, it keeps price discrepancies low giving traders greater transparency.

The dynamic margin system has also proved popular. We appreciated that PrimeXBT automatically changes the margin depending on your account balance and trade size. Clients can choose between fixed, cross or sliding leverage from the dashboard.

Company Details

PrimeXBT was founded in 2018 in the Seychelles under the name PrimeXBT Trading Services and has since grown into a global brand with clients in 152 countries.

The company has over 40 employees, 3 offices and an average daily trading volume of over $540 million with more than 170,000 daily trades.

In 2019, the broker opened offices in St. Vincent and the Grenadines and shifted their headquarters location and infrastructure to Switzerland.

PrimeXBT does not currently hold a license with a reputable regulatory agency.

Customer Support

PrimeXBT has integrated a 24/7 live chat service into their trading platform to the lower right of the screen, with several agents always active. However, there is no telephone or offline support which may be frustrating if you have a complex issue.

With that said, the knowledge of support staff is good and they’re able to help with a range of queries, from liquidation price and platform maintenance, to account queries and help if orders are rejected.

The broker is also active on the below social media and can be contacted via email –

Security & Safety

PrimeXBT’s privacy-based approach requires zero personal information, only a crypto deposit, so the capital that is deposited is all that is risked. With this also comes high cybersecurity standards that are regularly tested and audited to protect client’s capital.

There is also the additional option of multi-factor authentication, provided by Google, requiring both the account password and a personal smart device with the Google Authenticator app.

The majority of PrimeXBT’s assets are held in a secure, offline security system, with a limited quantity of Bitcoin held in internet-connected wallets for executing trades.

All website traffic is encrypted with secure sockets layer (SSL) encryptions and account passwords are cryptographically hashed, making them unreadable if the website is infiltrated.

Following the collapse of FTX in November 2022, PrimeXBT made clear that it does not use tokens as collateral for fiat money credit lines. The exchange separates customer and business funds and client assets under management (AUM) are not used as collateral.

Trading Hours

PrimeXBT clients can trade in cryptocurrencies 24/7, as the markets do not close, although it should be noted that overnight swaps will still be charged for positions held open past 23:59 UTC.

All forex pairs available with PrimeXBT are open 21:05 to 21:00 the next day, except for USD/RUB, which is open 07:00 to 21:00.

Precious metals can be traded from 22:00 to 21:00. Commodities and indexes have a larger variation in trading hours due to local trading hours.

PrimeXBT Verdict

PrimeXBT is a broker to keep an eye on. The crypto exchange puts a lot of focus on technological development, creating sleek trading platforms and copy trading tools.

PrimeXBT also protects its clients not through regulation, but anonymity and cybersecurity, mitigating the damage that hackers could do and reducing its attractiveness. Fast execution times and high leverage rates help give PrimeXBT an advantage, though its customer support could be improved.

Overall, PrimeXBT is a good pick for both new traders and experienced investors.


Does PrimeXBT Require ID Verification?

No, all that is required to open a PrimeXBT account is a valid email address and password. This means you can get started with the firm in just a few minutes.

What Is The Minimum Deposit At PrimeXBT?

There is no minimum deposit to open a PrimeXBT account. With that said, you will need to load funds onto your profile before you can start trading Bitcoin, for example.

Is PrimeXBT A Scam?

PrimeXBT is a legitimate cryptocurrency exchange headquartered in Saint Vincent and the Grenadines. Even though it is not regulated, it has very few online complaints, and its privacy-centred approach maintains client security.

Does PrimeXBT Offer Social Trading?

There is a social trading section of PrimeXBT’s platform, allowing traders to compete with other traders for places on its leader board. There is also a copy trading tool called Covesting.

Is PrimeXBT Available In The USA And Canada?

PrimeXBT is an unlicensed cryptocurrency exchange and so is not available to customers in the USA or Canada. PrimeXBT is supported, however, in over 150 other countries worldwide. See our full PrimeXBT review for the list of restricted countries.PrimeXBT Website

Top 3 Alternatives to PrimeXBT

Compare PrimeXBT with the top 3 similar brokers that accept traders from your location.

  1. IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.

  2. Interactive Brokers – Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.

  3. Videforex – Launched in 2017, Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. The proprietary platform, mobile app and integrated copy trading are user-friendly and will suit new and casual traders, and the market analysis tools and trading contests provide good ways to improve your trading skills.

PrimeXBT Comparison Table

Compare PrimeXBT With Similar Brokers
PrimeXBT IG Interactive Brokers Videforex
Rating 4.1 4.4 4.3 3.4
Markets CFDs, Cryptos, Forex, Indices, Commodities, Futures CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies Binary Options, CFDs, Forex, Indices, Commodities, Crypto
Demo Account Yes Yes Yes Yes
Minimum Deposit $0 $0 $0 $250
Minimum Trade 0.01 Lots 0.01 Lots $100 $0.01
Bonus $100 Deposit Bonus 20% to 200% Deposit Bonus
Education Yes Yes Yes No
Platforms Own Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral TradingView
Leverage 1:1000 1:30 (Retail), 1:250 (Pro) 1:50 1:500
Payment Methods 4 6 6 8
Visit Visit Visit Visit
Review IG
Interactive Brokers

Compare Trading Instruments

Compare the markets and instruments offered by PrimeXBT and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare PrimeXBT Trading Instruments
PrimeXBT IG Interactive Brokers Videforex
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil Yes Yes No Yes
Gold Yes Yes Yes Yes
Copper Yes Yes No Yes
Silver Yes Yes No No
Corn No No No No
Crypto Yes Yes Yes Yes
Futures Yes Yes Yes Yes
Options No Yes Yes No
ETFs No Yes Yes No
Bonds No Yes Yes No
Warrants No Yes Yes No
Spreadbetting No Yes No No
Volatility Index No Yes No No

PrimeXBT vs Other Brokers

Compare PrimeXBT with any other broker by selecting the other broker below.


Customer Reviews

  4.7 / 5

This average customer rating is based on 15 PrimeXBT customer reviews submitted by our visitors.

If you have traded with PrimeXBT we would really like to know about your experience - please submit your own review. Thank you.


The best crypto exchange with the best conditions for traders. The trading platform is great. There are also a lot of crypto currencies available.
I love trading with high leverage x200 on Bitcoin.

✍ Ali Kattan | 🌐 Egypt | April 23, 2024

I believed that their primary focus was on crypto, as I had been trading these assets and found the terms appealing. However, the terms on the other assets are quite competitive as well.

✍ Orhun Ozsoy | 🌐 Türkiye | April 16, 2024

my pr here is 4 in a row profitable orders. so, in general, broker is ok.
tbh, I like commissions too. they are really smaller than many

✍ Diego Escamilla | 🌐 Argentina | April 10, 2024

I am not truly excited by the primexbt platform, but it has its own distinctive traits that is a fact!
For me as for a woman the environment seemed to be very intricate, tangling nonetheless, due to the reaction of the customer support who helped me to understand how to start trading here I am here!! I am way more confident and trade fx pairs with pleasure here.
All in all, good one

✍ Renata Rojas | 🌐 Mexico | March 26, 2024

The main purpose of this primexbt review is to express the gratitude for ensuring such a contemporary trading platform. Even though it was very complicated to understand the essence, but I did it!

✍ Hussein | 🌐 Egypt | March 22, 2024

The best exchange for crypto trading on PrimeXBT. It offers a large number of cryptocurrency pairs for trading, and spreads are among the lowest in the industry. Also, the commissions for opening orders are very low, amounting to 0.01% Maker fee and 0.02% Taker fee.
What really surprised me is that TradingView is built into the PrimeXBT trading platform,it’s really convenient and I feel comfortable while trading. On a сross margin, leverage on Bitcoin is available up to 1:200, and on an isolated margin of 1:100 it is very cool.The financing rates for opening long and short positions are low.

✍ Azevedo Santos | 🌐 Brazil | March 10, 2024

Have recently faced some Primexbt reviews and decided to check the platform out.
Conditions are super delicious in my opinion, especially for trading crypto futures, both cross and isolated margin are available, fees don’t bite much compared to competitors.
The only thing the platform itself. Can’t say that I am fully delighted by it, but these are just trifles, i guess…

✍ Gurcan Topal | 🌐 Türkiye | February 27, 2024

Trading conditions for trading financial instruments such as futures have advantages.
This allows me to realize my trading potential.

✍ Hakki Yazici | 🌐 Türkiye | February 19, 2024

With PrimeXBT I unlock everything in trading. Their customer support responds instantly. I can’t imagine that!

✍ Vural Iscan | 🌐 Türkiye | February 15, 2024

I think its time for me to write my first primexbt review after trading for sometime. copy trading is a real game changer for beginners. just follow what the pros are doing.
they offer a wide range of assets to trade and very quick trades.. The platform’s smooth and easy to navigate, got all the tools you need. Leveraged trading options are huge, so much leverage for forex! Definitely worth it!

✍ Terciero Talavera | 🌐 Mexico | January 23, 2024

Submit Your Own Review of PrimeXBT

If you have experience trading with PrimeXBT please share your personal review of the broker and what you think are strong and weak points. Thank you.

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