PrimeXBT vs Spreadex

PrimeXBT vs Spreadex Comparison Table 2023
PrimeXBT	Spreadex
Review 4.1	Review 3.5
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available CFD 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.	Spreadex is an FCA-regulated broker that offers spread betting opportunities on an impressive 10,000+ instruments including 60 forex pairs as well as shares, indices, bonds, interest rates, ETFs, commodities and cryptocurrencies. Traders can also speculate on financial markets with CFDs and options, and take positions on sporting events. The brand has been around for over 20 years and won multiple awards.
Bonus Offer
$100 Deposit Bonus	£300 cashback
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."	"Spreadex will appeal to UK traders who are interested in both spread betting on financial markets and placing traditional bets on sports events. Fees are low and profits are tax-free on spread bets."
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	Excellent range of instruments and trading vehicles Gives UK traders the opportunity to make tax-free profits through spread betting A rare broker that provides access to lower market cap stocks traded on the AIM Attractive new account promotions, including double the odds and matched betting offers Opportunity to bet on sports events from your brokerage account Good selection of signals, analysis tools and risk management tools Easy-to-use proprietary desktop platform and mobile app Guaranteed stops and other risk management tools Credit facilities with ratings 1 and 2 Self-exclusion capabilities Best odds guaranteed
Cons
BTC withdrawal fee No regulatory oversight No MetaTrader 4 integration No telephone customer support	Lack of a demo account will frustrate prospective clients who want to test Spreadex's services Limited customer service can make it time-consuming to troubleshoot problems Lacks intuitive chart trading features of platforms like MetaTrader 4 and MT5 No support for expert advisors or other trading bots No third-party e-wallets accepted
Awards
Best Crypto Trading App Best Platform For Margin Trading Most Trusted Crypto Asset Trading Platform Best Crypto And Forex Broker	Best Spread Betting Provider - 2020 COLWMA Awards Best Mobile Trading Platform - 2020 ADVFN Awards Best Trading Alerts System - 2020 ADVFN Awards Best Spread Betting Provider - 2019 GMG Awards
Instruments
CFDs, Cryptos, Forex, Indices, Commodities, Futures	Forex, CFDs, indices, commodities, cryptos, shares, bonds and interest rates, ETFs, options, spread betting.
Demo Account
Yes	No
Minimum Deposit
$0	£0
Trading Platforms
Own	Own
Payment Methods
Bitcoin Payments Credit Card Debit Card Ethereum Payments	Cheque Credit Card Debit Card Mastercard Visa Wire Transfer
Minimum Trade
0.01 Lots	£0.01
Regulator
	FCA
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	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Mobile Apps
iOS & Android	iOS, Android
Auto Trading
Yes
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	No
Trade Signals
No
VPS Hosting
No	No
Tournaments
Yes	No
Demo Competitions
No	No
Ethical Investing
No	Yes
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$0
Islamic Account
No	No
Account Currencies
USD EUR GBP	USD EUR GBP CAD CHF
Stock Exchanges
Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng IBEX 35 Japan Exchange Group Nasdaq S&P 500	Euronext London Stock Exchange Nasdaq New York Stock Exchange S&P 500 SIX Swiss Exchange
Commodities
Copper Gold Natural Gas Oil Silver Zinc	Cocoa Coffee Copper Cotton Gold Natural Gas Oil Platinum Silver
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.	Trade CFDs on Spreadex's diverse list of instruments with leverage up to 1:30 and highly competitive spreads. While this broker's USP is spread betting, the excellent trading terms and range of markets makes it an equally good choice for CFD trading.
Leverage
1:1000	1:30
FTSE Spread
Variable	Not offered
GBPUSD Spread
Variable	0.9 pips
Oil Spread
Variable	4-15 pips
Stocks Spread
Variable	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.	Trade on 60+ forex pairs with no commission and competitively tight spreads from 0.6 on major pairs such as EUR/USD. This is a good selection of forex pairs and excellent pricing for commission-free trading, well below the industry average.
GBPUSD Spread
Variable	0.9 pips
EURUSD Spread
Variable	0.6 pips
EURGBP Spread
Variable	0.9 pips
Assets
45+	60+
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.	Spreadex offers spread betting on Bitcoin, Bitcoin Cash, Ether, Litecoin and Ripple in pairs with USD, allowing traders to make leveraged bets on crypto price movements through a derivative contract without owning the digital assets.
Spread
0.05% BTC, 0.05% ETH	1 - 140 pips
Coins
BTC LTC ETH XRP EOS ADA DOT SOL UNI LINK DOGE BNB ICP SAND more	BCH BTC ETH LTC XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
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