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PrimeXBT vs BitMex

PrimeXBT vs BitMEX Comparison Table 2023
PrimeXBT BitMEX
Review
4.1
Review
3.2
United States Flag Traders from US not accepted
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United States Flag Traders from US not accepted
See available crypto brokers

PrimeXBT is a multi-asset platform offering highly leveraged trading in forex, indices, commodities and cryptocurrencies. The company launched in 2018 and now has over 1 million users from more than 150 countries. With no minimum deposit, copy trading features and low commissions, the broker has become popular among new and experienced traders.

BitMEX is a crypto exchange and derivatives trading platform, launched in 2014, that offers low fees and starting deposit for a fiat–crypto onramp, spot trading, and crypto derivatives including perpetual contracts, traditional futures and quanto futures. BitMEX offers amongst the largest market liquidity of any cryptocurrency exchange.

Bonus Offer
$100 Deposit Bonus Fee reduction for BMEX token holders
Promotions

Enter PrimeXBT Virtual Contests To Win Real Prizes
Comment by Reviewer
"PrimeXBT is great for investors looking to buy and trade derivatives on a wide range of cryptocurrencies. The brand is also a good pick for newer investors looking for copy trading." "Active traders who want access to a good range of crypto derivatives will be intrigued by BitMEX's offering. The 100x leverage on Bitcoin is also higher than many alternatives."
Pros
  • Excellent platform and app which provide access to a mix of traditional and digital assets
  • High trust score with a secure track record and no client funds stolen
  • The long list of cryptos available provides plenty of trading opportunities
  • Demo trading competitions with cash prizes
  • Easy-to-use copy trading tool
  • Great customizability using widgets within the platform, making it easier to see exactly what you want
  • A platform solely designed for crypto makes it more streamlined than multi-asset terminals
  • Access to a considerable amount of information directly from BitMEX, freely available on their site
  • The opportunity to talk to investors from all over the world using the inbuilt chat functionality
  • High levels of security, ensuring that trading on the exchange is relatively secure 24/7
  • A range of different cryptocurrencies are available, including Bitcoin, Ethereum and Litecoin
  • Earn interest on HODL-ing tokens – Tether and Bitcoin
  • Highly leveraged crypto trading with rates up to 1:100
  • Insurance fund to avoid liquidation plus python API
Cons
  • BTC withdrawal fee
  • No regulatory oversight
  • No MetaTrader 4 integration
  • No telephone customer support
  • BitMEX is focused on active traders, with fewer tools and features aimed at crypto newbies
  • The interface is not as new, stylish or innovative as other options on the market
  • Withdrawals are only carried out at a set time of day
  • Legal dispute with US regulators resulted in fines
  • Only Bitcoin is accepted for free withdrawals
  • Range of crypto assets not as wide as rivals'
Awards
  • Best Crypto Trading App
  • Best Platform For Margin Trading
  • Most Trusted Crypto Asset Trading Platform
  • Best Crypto And Forex Broker
Instruments
CFDs, Cryptos, Forex, Indices, Commodities, Futures Crypto
Demo Account
Yes Yes
Minimum Deposit
$0 $0.01
Trading Platforms
  • Own
  • AlgoTrader
  • TradingView
Payment Methods
Minimum Trade
0.01 Lots Variable
Regulator
Republic of Seychelles
Margin Trading
Yes Yes
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
No Yes
P2P Trading
No Yes
Spot Trading
No Yes
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Yes BitMEX Market Maker, BotVS, and via API
Copy Trading
Yes No
Copy Trading Platform
PrimeXBT offers an excellent Covesting module where traders can follow the strategies of other users with free and paid-for signals. Once you have found a suitable trader you simply need to hit 'follow' to get started.
Social Trading
Yes Yes
Trade Signals
No
VPS Hosting
No No
Tournaments
Yes No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
Stock Exchanges
Commodities
CFD Trading
Trade CFDs across four asset classes with leverage up to 1:1000. Beginners can also take advantage of the broker's useful technical analysis guides and CFD education, plus 24/7 in-platform support via live chat. CFD trading not offered
Leverage
1:1000
FTSE Spread
Variable
GBPUSD Spread
Variable
Oil Spread
Variable
Stocks Spread
Variable
Forex Trading
Go long or short on 50 forex pairs including the EUR/USD and GBP/USD with zero commissions. There are plenty of opportunities to buy and sell currencies via margin or copy trading. Forex trading not offered
GBPUSD Spread
Variable
EURUSD Spread
Variable
EURGBP Spread
Variable
Assets
45+
Cryptocurrency
Trade popular cryptos with commissions as low as 0.05% and high leverage up to 1:200. Another bonus is that you can join 10,000+ traders in crypto trading contests with real prizes. BitMEX offer the largest liquidity crypto trading environment anywhere. Contracts start from just $1. The firm is also compliant with global AML guidance and the platform offers cutting-edge crypto exchange and hedging.
Spread
0.05% BTC, 0.05% ETH -0.01% maker, 0.075% taker
Coins
  • BTC
  • LTC
  • ETH
  • XRP
  • EOS
  • ADA
  • DOT
  • SOL
  • UNI
  • LINK
  • DOGE
  • BNB
  • ICP
  • SAND
  • more
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
  • TRON
  • EOS
  • XMR
  • ADA
  • DOGE
  • BNB
  • DOT
  • SOL
  • SHIB
  • AVAX
  • GAL
  • NEAR
  • SUSHI
  • AXS
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No Yes
Auto Market Maker
No Yes
Review
Review
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