Profile
This PrimeXBT review examines the broker’s crypto-focused multi-asset offering, platform features, and execution model. PrimeXBT is a Bitcoin-based margin trading platform offering leveraged CFD trading on crypto, forex, indices, and commodities through a proprietary interface with advanced order tools and peer-to-peer liquidity.
Regulation and Safety
PrimeXBT is registered in Saint Vincent and the Grenadines under registration number 20623 IBC 2012. It is not licensed by any Tier-1 financial regulator. While there is no formal investor compensation scheme, PrimeXBT employs internal protocols for client fund security, including cold wallet storage, 2FA, and withdrawal whitelists. The broker does not segregate fiat client funds, as all balances are held in crypto.
Execution Model and Trading Platforms
PrimeXBT operates as a crypto-settled CFD broker using an aggregated liquidity model. It is not a direct market access broker but offers synthetic exposure via a proprietary trading platform:
- PrimeXBT WebTrader – full-featured browser platform with multi-screen layout
- PrimeXBT Mobile App – iOS and Android support
Order types include market, limit, stop, OCO, and trailing stop. MetaTrader, FIX API, and third-party platform integrations are not supported.
Markets and Instruments
PrimeXBT provides over 100 leveraged CFD instruments across four major asset classes:
- Cryptocurrencies – BTC, ETH, LTC, XRP, EOS, ADA, and others
- Forex – 50+ major, minor, and exotic currency pairs
- Commodities – Oil, gold, silver, natural gas
- Indices – S&P 500, DAX, Nikkei, FTSE 100
All trading is margin-based, with contracts settled in crypto. No physical delivery of assets or ownership is provided.
Accounts, Spreads and Leverage
PrimeXBT offers a single margin trading account with unified wallet structure. Trading conditions include:
- Crypto leverage: up to 200x on BTC/USD
- Forex leverage: up to 1000x
- Indices and commodities: up to 100x
- Spreads from 0.0 pips (variable)
- Commission: 0.05% per trade for crypto; lower for FX and indices
Minimum deposit is 0.001 BTC or crypto equivalent. There is no minimum trade size, and margin requirements adjust dynamically based on position size and leverage.
Funding and Base Currencies
All accounts are crypto-denominated. Supported base currencies and deposit methods include:
- Bitcoin (BTC)
- Tether (USDT), USD Coin (USDC), Ethereum (ETH), and Covesting Token (COV)
- Third-party fiat on-ramps via Coinify
Withdrawals are processed manually once per day for added security. There are no internal deposit or withdrawal fees, but blockchain network fees apply.
Client Protections and Features
Despite being offshore and unregulated, PrimeXBT implements several security measures:
- Two-factor authentication (2FA)
- Whitelisted withdrawal addresses
- Cold storage of crypto assets
- Session timeout and anti-phishing controls
- Real-time margin monitoring and stop-out logic
Institutional and Retail Offering
PrimeXBT caters mainly to retail crypto traders but supports advanced trading via:
- Customisable multi-screen workspace
- Covesting copy trading module
- Integrated charting with 50+ indicators
It does not offer FIX API, white-label, or institutional prime services. However, the platform is suitable for semi-professional traders using high leverage and fast execution tools.
Pros
- Up to 1000x leverage on forex and 200x on crypto
- All-in-one margin trading across multiple asset classes
- Crypto-based deposits and unified wallet
- Covesting module for social and copy trading
- No KYC required for basic trading access
Cons
- Unregulated and offshore-registered
- Crypto-only funding – no direct fiat support
- No MT4/MT5, FIX API, or institutional tools
- Manual withdrawal process may cause delays
Frequently Asked Questions
Is PrimeXBT regulated?
No, PrimeXBT is registered in Saint Vincent and the Grenadines and is not regulated by any financial authority.
What assets can I trade on PrimeXBT?
You can trade leveraged CFDs on cryptocurrencies, forex, indices, and commodities via a single platform.
Does PrimeXBT require KYC?
No, basic trading features are available without KYC. However, fiat on-ramp services may require identity verification.
What is the minimum deposit at PrimeXBT?
The minimum deposit is 0.001 BTC or equivalent in supported cryptocurrencies.
Does PrimeXBT offer copy trading?
Yes, PrimeXBT includes a Covesting module that allows users to follow and copy professional traders’ strategies.