XBTFX vs PrimeXBT

XBTFX vs PrimeXBT Comparison Table 2024
XBTFX	PrimeXBT
Review 2	Review 4.1

XBTFX is a fintech broker offering trading opportunities on 200+ instruments via the powerful MT4, MT5 or cTrader terminals. The low minimum deposit, copy trading services and competitive trading fees makes it an appealing brand for traders of all strategy types. The broker has a decent client base of 10,000.	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 remains a popular option among crypto trading novices.
Customer Reviews
	4.6 Based on 10 PrimeXBT customer reviews
Bonus Offer
	$100 Deposit Bonus
Comment by Reviewer
"Based on my assessment, XBTFX is a good choice for active traders looking for tight ECN spreads, low commissions and same-day withdrawals."	"PrimeXBT is good for beginners looking to trade crypto derivatives among traditional assets like forex and indices. There's also a proprietary copy trading solution for novices looking to learn from more experienced investors. With that said, the lack of regulation means traders will receive limited safeguards."
Pros
I'm a fan of the transparent ECN pricing model with competitive spreads from 0.01 pips and commissions of $3.50 per lot per side I was glad to see copy trading is available via the MT5 terminal or through the broker's PAMM/MAM accounts I appreciate the low minimum deposit requirement of $10 plus a demo account, making the brand suitable for beginners Standard, ECN and Islamic account types cater to various trading strategies that require different pricing models There are no deposit and withdrawal fees, plus I'm impressed that the broker facilitates same day withdrawal processing	The broker’s platform and app offer advanced charting features, including 50+ technical indicators, a customizable layout and multiple order types including OCO PrimeXBT offers low maker and taker fees coming in at 0.01% and 0.02%, respectively, for crypto futures contracts There’s a range of additional trading opportunities on offer, including demo contests and a copy trading solution The broker delivers ultra-fast trade execution speeds, averaging <7.12 ms - ideal for active day traders Beginners can access a crypto trading Academy with bite-size resources and YouTube videos The broker offers 24/7 customer support via live chat, as well as an extensive help centre
Cons
XBTFX is an unregulated broker meaning there are no requirements to comply with financial safeguarding measures for customers I noticed that there is quite limited educational content for beginners available and much of the financial market news is outdated I'm disappointed that the only funding currencies are EUR or cryptos	The lack of reputable regulatory oversight is a security concern, though this is common in the crypto trading industry The total selection of 110+ assets is far fewer than top competitors, including OKX with 400+ It’s a shame that there are no popular third-party platforms on offer such as MT4
Awards
	Best Crypto Trading App Best Platform For Margin Trading Most Trusted Crypto Asset Trading Platform Best Crypto And Forex Broker
Instruments
CFDs, Forex, Stocks, Cryptos, Commodities	CFDs, Cryptos, Forex, Indices, Commodities, Futures
Demo Account
Yes	Yes
Minimum Deposit
$10	$0
Trading Platforms
MT4 MT5 cTrader	Own
Payment Methods
Bitcoin Payments	Bitcoin Payments Credit Card Debit Card Ethereum Payments
Minimum Trade
0.01 Lots	0.01 Lots
Margin Trading
Yes	Yes
STP Account
No	No
ECN Account
Yes	No
DMA Account
Yes	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
No	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	No
Mobile Apps
iOS & Android	iOS & Android
Auto Trading
Yes	Yes
Copy Trading
Yes	Yes
Copy Trading Platform
	PrimeXBT offers a decent copy trading service where traders can follow the strategies of other users with free and paid-for signals. Once you have found a suitable strategy provider, you simply need to hit ‘follow’ to get started.
Social Trading
No	Yes
Trade Signals
	No
VPS Hosting
No	No
Tournaments
No	Yes
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$0
Islamic Account
Yes	No
Account Currencies
USD	USD EUR GBP
Stock Exchanges
Australian Securities Exchange (ASX) Deutsche Boerse Euronext Hong Kong Stock Exchange Japan Exchange Group New York Stock Exchange SIX Swiss Exchange Taiwan Stock Exchange	Australian Securities Exchange (ASX) 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
Commodities
Oil Silver	Copper Gold Natural Gas Oil Silver Zinc
CFD Trading
I found a fairly decent range of 200+ CFDs across 5 asset classes on the MT4, MT5 or cTrader terminals. I particularly like the copy trading solutions, STP execution and the fact that you can get started with just $10.	PrimeXBT offers CFDs across four asset classes with very high 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.
Leverage
1:500	1:1000
FTSE Spread
Variable	Variable
GBPUSD Spread
Variable	Variable
Oil Spread
Variable	Variable
Stocks Spread
Variable	Variable
Forex Trading
XBTFX offers a large list of 70+ major, minor and exotic currency pairs such as EUR/USD or GBP/JPY. I find spreads very competitive starting from 0.01 pips and leverage up to 1:500 for experienced investors.	PrimeXBT offers 50 forex pairs, which is above the industry average and covers a good range of majors, minors and exotics. Traders can enjoy trading via margin with zero commissions. Additionally, the broker’s copy trading service allows you to explore various currency trading strategies.
GBPUSD Spread
Variable	Variable
EURUSD Spread
Variable	Variable
EURGBP Spread
Variable	Variable
Assets
79	45+
Cryptocurrency
There's an excellent range of 70+ cryptocurrency vs USD pairs such as BTC/USD, ETH/USD and XRP/USD with leverage up to 1:25. My tests also found competitive commission fees of 0.075%.	Traders can speculate on popular cryptos with commissions as low as 0.05% and high leverage up to 1:200. Additionally, the broker continues to improve its offering by introducing crypto futures as well as trading contests with real prizes.
Spread
Variable	0.05% BTC, 0.05% ETH
Coins
BTC BCH ETH LTC XRP BNB BAT DASH EOS ETC IOTA NEO OMG TRX XLM XMR ZEC ADA DOGE SOL DOT LINK MTC UNI ALG FIL MKR	BTC LTC ETH XRP EOS ADA DOT SOL UNI LINK DOGE BNB ICP SAND more
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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