Founded in 2018 and based in Saint Vincent and the Grenadines, PrimeXBT is an online broker that offers over 30 assets from one account, including Bitcoin, indices, commodities, and forex. Other cryptos offered include Ethereum, Ripple, and Litecoin.
The broker offers a robust trading system for both beginners and professional traders. Their trading infrastructure is designed to facilitate a high number of orders each second and to handle extreme loads while offering good execution speeds and low latency trading.
PrimeXBT Review Introduction
In this PrimeXBT review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including PrimeXBT.
PrimeXBT Platforms & Tools
PrimeXBT provides clients with their very own proprietary PrimeXBT Trading Platform. The platform is fast, safe, and reliable and has an intuitive user interface. It has a fully customizable layout with multi-monitor support. The trading platform also has a variety of built-in trading tools, features, and functionality, thus making it suitable for both beginner and professional traders.
The basic features of the PrimeXBT trading platform are:
- Customizable platform layout, which includes intuitive visualization of market data and offers.
- Professional charts
- 12ms average order execution speed
- Over 12 integrated liquidity providers
- Real-time risk management
- Multiple order types
- Secure wallets
PrimeXBT Research & Education
The broker provides clients with a range of trading articles that cover a variety of subjects from trading strategies, market news, and analysis. These are very beneficial to traders of all experience levels because they help to improve their trading knowledge and skills.
PrimeXBT Trading Accounts
There is only one account type that is provided by PrimeXBT. The broker charges two types of fees: trade fees and overnight financing. The minimum required deposit is 0.001 BTC, and this allows clients to trade with up to 0.1 BTC worth of assets. A trading fee is incurred anytime a position is opened or closed:
- 05% for cryptocurrencies
- 01% for indices and commodities
- 001% for forex majors
PrimeXBT Account Funding
PrimeXBT accepts Bitcoin deposits and withdrawals. Clients can fund their trading accounts with Bitcoin or any other cryptocurrency. Deposits require 3 block confirmations which usually take around 40 minutes; this may be different during times of blockchain congestion. The withdrawal fee is a flat 0.0005 BTC, regardless of the amount being withdrawn. Alternative deposits allow traders to buy BTC using a credit card (fiat currencies) and have it transferred to their PrimeXBT wallet. Some fees may be charged when using certain payment methods.
PrimeXBT Customer Service
PrimeXBT offers their traders with a customer support team who are on hand 24/7 to give instant answers to clients’ general, technical, or account-based questions. They can be reached via live chat or email.
PrimeXBT Trading Services Limited is a Seychelles-based company with registration number 206865. Prime Technologies Limited is a Saint Vincent and the Grenadines company with license number 25369BC2019. PrimeXBT are regulated by the Australian Securities and Investments Commission (ASIC). ASIC is the Australian Federal Government agency that enforces laws relating to companies, securities, financial services and credit, in order to protect consumers, investors and creditors.
PrimeXBT Review Summary
PrimeXBT is an online broker that was established in 2018 in Saint Vincent and the Grenadines. The broker may be a popular choice for clients who are looking for anonymous cryptocurrency trading. PrimeXBT provides clients with a sophisticated and user-friendly trading platform.
It is worth mentioning that some of the trading products and services in this PrimeXBT review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the PrimeXBT broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.