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Overall Rating


Rated #192 of
Recommended FX Brokers

💰Minimum Deposit

0.001 BTC

🌐 Regulators

Not Regulated

📱 Trading Desk

No Trading Desk



📈 Total Pairs


☪️ Islamic Account


📊 Trading Fees


🕒 Account Activation Time

24 Hours

🏛️ Visit Broker



PRIMEXBT is a forex broker company in Seychelles.

A Forex broker like PRIMEXBT provides traders with access to one or more platforms that will allow them to buy and sell foreign currencies. Forex brokers are also known as retail or currency trading brokers. Retail currency traders in turn use these broker companies to gain access to the 24-hour currency market for speculation purposes.

Forex broker services can also be provided for institutional clients and large companies such as investment banks.

 Finding a reputable PRIMEXBT review local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth review regarding PRIMEXBT to help you make an informed decision before opening your account or trading on their platform.

PRIMEXBT was founded in 2018 in Seychelles under the name PRIMEXBT Trading Services. In 2019 the broker opened offices in St. Vincent and the Grenadines and moved their headquarters and infrastructure to Switzerland.

PRIMEXBT is a Bitcoin-based exchange platform that offers leveraged trading on digital assets, including Bitcoin, Ethereum, Litecoin, and Ripple.

PRIMEXBT makes use of the liquidity provided by larger exchanges and market makers in the industry and has traders from over 150 different countries, with the exception of the USA, the province of Québec in Canada, and a few others.

The broker does not currently hold a license with a reputable regulatory agency.


Awards and Recognition

In the world of forex broker companies being honored with awards from esteemed organizations or publications, count much for the company’s reputation. Such awards are usually mentioned with pride on the company website.

Although PRIMEXBT is rated highly by some customers in personal reviews on review websites, there is no information available on the PRIMEXBT homepage or elsewhere about any awards received by them.



A forex account is a trading account held by a trader with a company like PRIMEXBT, that is issued with the primary purpose of trading through its platforms.

Usually, the number and type of accounts that a trader can open with a broker company differ according to the country in which the brokerage operates, the country of residence of the trader, and the regulatory authorities under whose jurisdiction it operates.

Accounts usually differ in the way spreads or commissions are applied, what minimum deposit is needed to open that type of account, and certain services or advantages that account holders may get access to.

In the case of Muslim customers, special Islamic accounts, that is swap-free accounts, are offered that mirror the other account types, but which operate in accordance with Shariah law.



Types of Accounts and its Features

PRIMEXBT unfortunately no demo account and offers only one live account providing all the broker’s services based on deposit size and trading volume. The minimum deposit required to open an account is 0.001 BTC.


Overall Rating


Rated #192 of
Recommended FX Brokers

💰Minimum Deposit

0.001 BTC

🌐 Regulators

Not Regulated

📱 Trading Desk

No Trading Desk



📈 Total Pairs


☪️ Islamic Account


📊 Trading Fees


🕒 Account Activation Time

24 Hours

🏛️ Visit Broker


Deposits and Withdrawals

PRIMEXBT is a crypto-only exchange, meaning that you can only make deposits or withdrawals in Bitcoin. If you need to get Bitcoin to fund, you will have to use a Fiat gateway such as Bitstamp or Kraken. You can’t deposit via wire transfer.

PRIMEXBT has a widget in their deposit section that can be used to buy Bitcoin with a credit or debit card, however, this incurs charges of over 10%. Depositing Bitcoin may take time because there are six automated confirmations that need to be made for security purposes.

Withdrawing is relatively straightforward, requiring only a quantity and Bitcoin wallet address and there is a withdrawal fee of 0.0005 BTC.

If you request a sizable withdrawal, it may take time to be processed, because withdrawals are processed from hot wallets, and if there is not enough on hand they may have to access offline cold wallets.


Cost and Fees, Commissions and Spreads

The cost of trading depends on different factors like commissions, spreads, and margins.

The spread of a currency pair is the difference between the bid and the asking rate. A pip represents the smallest increment that an exchange rate can move.

One pip is 0.01 for currency pairs with JPY as the term currency and 0.0001 for all other pairs.

The amount of money required in your account to open a position is called the margin and is calculated according to the current price of the base currency against USD, the size (volume) of the position, and the leverage applied to your account.

Commissions are the charges imposed by an investment broker on a trader for making trades on the trader’s behalf. The level of commissions depends on the asset being traded and the type of service offered by the broker.

Execution-only brokers, which do not involve in personal investment advice and give traders complete control over how they trade the markets, usually charge lower commissions.

While contract for differences (CFDs) trading is a form of derivative trading that enables traders to speculate on the rising or falling prices of fast-moving global financial markets, it’s trading on shares will incur commission. CFD trades on other markets has no commission but do wrap a spread around the market price of a certain instrument.

PRIMEXBT has a transparent fee structure and only charges for each trade and for holding a position open overnight. Commission rates for cryptocurrencies are 0.05%, forex and precious metals are rated at 0.001% and the commission for commodities and indices is 0.01%.

Overnight financing charges are dynamic and may change from day today.

PRIMEXBT charges a 0.0005 BTC withdrawal fee.



Leveraged product trading magnifies a trader’s potential profit – but of course, also increases the potential loss. This facility that enables traders to get a larger exposure to the market than the amount they deposited to open a trade, is called leverage.

The amount of leverage is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that a trader has $1 000 in a trading account and is trading ticket sizes of 100 000 USD/JPY, that leverage will equate to 100:1.

Traders should always keep in mind that, although high leverage offered may be a plus point for the brokerage, but trading at such high leverage should only be attempted by experienced traders that know how to prevent big losses.

PRIMEXBT allows its traders to use a maximum leverage ratio of up to 1:1000 for forex pairs, providing margins as low as 0.1%, though precious metals can only reach 1:500 (0.5% margin) and cryptos, energies, and indices only go as high as 1:100, giving a 1% margin.



Forex brokers often lure new traders with offers of deposit bonuses. This can be useful, but it is essential to discern what the conditions are to really benefit from a bonus.

The bonus usually compensates traders for choosing a certain broker, since once the account is active, the trader will have the same expenses as any other. The bonus usually only starts giving some expenses back to the trader once the person has proved himself as an active trader.

Hence, although no deposit bonuses are a great way to help you start trading, the terms to benefit from it often require trading with such a high volume before you can withdraw profits, that it may not be worthwhile.

The European Securities and Markets Authority (ESMA) has also recently placed investor protection measures on the marketing, distribution, or sale of CFDs which prevent brokers to provide the retail client with a payment, monetary or excluded non-monetary benefit in relation to the marketing, distribution or sale of a CFD, thus ruling out the offering of such bonuses.

According to the company website and other sources, PRIMEXBT pays a 7% bonus on deposit, up to $7,000. The bonus can’t be withdrawn but can be used for trading.


Trading Platforms, Software, and it Features

The forex trading software, also called the platform, provided by a broker company to its clients to carry out their trades can be a multi-asset one that allows clients to trade forex as well as other asset classes like CFDs on stocks, stock indices, precious metals, and cryptocurrencies.

Some companies provide their own proprietary platform, which may benefit traders due to specific characteristics developed by specialists employed by the broker, while others prefer to provide the better-known platforms that were tried and tested through time.

If there is a choice, the trader should keep in mind what he would like to trade and find the platform that suits his needs best.

PRIMEXBT provides a Turbo Platform as well as its own personalized, browser-based trading platform that requires no download or installation. This platform is equipped with more than 50 technical indicators and a full suite of charting and analysis tools.

For those just getting started at Prime XBT, the Turbo platform is the most user-friendly. It comes with trading histories and a social trading section where you can compete with other investors while the proprietary platform has extensive functionality for traders of most skill levels. You can however not trade as many assets as with the actual platform.

The PRIMEXBT platform offers a large degree of customization and you can build your own work spaces.

PRIMEXBT also has mobile apps for you to monitor your trades on the go. These are supported on both iOS and Android devices and have the same functionality as the desktop version.


Markets, Products, and Instruments

Most brokers offer all or some of the following market instruments for trading:


Forex trading, or currency or FX trading, involves the currency exchange market where individuals, companies, and financial institutions exchange currencies for one another at floating rates.


As with currency exchange markets, commodity markets offer trading in contract-based tradable goods.


Equity or stock indices can represent a specific set of the largest companies of a nation or they can represent a specific stock market. It is actual stock market indexes that measure the value of a specific section of a stock market.

Precious metals:

This involves the trading of gold, silver, and other precious metals as hard commodities that are contract-based tradable.


The high volatility of energy prices due to political, environmental, and several other factors, is a typical feature of this product, making it a popular trading choice.


Tradable cryptocurrencies include the following:

Bitcoin (BTC) is the digital currency with the largest market capitalization and price levels and dominates 50% of the total crypto market cap.

Litecoin (LTC) is similar to Bitcoin but differs in terms of scalability.

Ethereum (ETH) is the second-largest cryptocurrency after Bitcoin and allows developers to create smart contracts on a platform.

Ripple (RPL) is popular among big banks with the Ripple network a next-generation real-time gross settlement system.

Bitcoin Cash (BCH) was created as a new version of the blockchain with different rules.

PRIMEXBT offers not only cryptocurrency assets, but also Forex, Commodities, and stock indices.

PRIMEXBT offers 18 forex pairs, six major stock indexes, energies, such as crude oil, and precious metals, such as gold. The broker does not offer trading in futures, options, and spread betting though.



Safety and Regulation

Before deciding to join a brokerage company to start trading, a potential trader needs to establish whether a broker like PRIMEXBT is safe and secure to trade with.

One of the most reliable benchmarks to measure the safety of a brokerage is to establish which regulating authorities are watching and overseeing its actions and whether the company complies with those regulations.

In general, a so-called “offshore” broker tends to have a less favorable reputation and potential traders should think carefully before investing with them.

Secondly, the safety or clients’ funds should be guaranteed and in the case of the company defaulting or going bankrupts, a safety net of some sorts would come in handy to prevent customers from taking more losses.

The PRIMEXBT brokerage exchange is not licensed. Customer reviews are still mostly positive with few complaints emerging though of the broker not paying out returns.


Customer Support

The customer support team of PRIMEXBT can be reached through a live chat option from the trading platform 24/7. Alternatively, you can contact their team via email with questions related to security, account management, or product inquiries.

There is however no dedicated phone line to dial in case of an emergency.


Education and Training

Before starting to trade, potential PRIMEXBT clients should arm themselves with all possible information and trading skills needed to be successful in the world of forex and commodity trading. If PRIMEXBT ’s website itself does not provide enough means, a trader should explore other information sources to obtain that skills and knowledge.

PRIMEXBT has a platform guide in the “Information” section of your account. It includes all types of information like how to bid, trade futures products, place orders, stop-losses and protection orders, account funding, and safety measures.

They also offer a number of professionally done video tutorials that can be accessed from inside your account and are well presented. They include information such as how to place trades, set up stop-losses and protection orders, funding an account, and using leverage safely.

PRIMEXBT also runs a unique blog where you can find additional information on how to trade futures products, trading disciplines, and more.



Potential traders need to be enabled to do as much as possible research about speculative trading before commencing to do it and while trading with a specific brokerage.

Trading successfully relies heavily on knowledge and understanding of the markets and the platforms offered by a broker, therefore research options offered by brokers form an integral part of its features when choosing the right company to trade with.

PRIMEXBT offers only very basic research options like news and calendars and some analysis.



PRIMEXBT may be an attractive option with which to trade leveraged cryptocurrency instruments. As a very new exchange, they can make several improvements to their technology to build up a track record with new traders. Traders need to decide for themselves whether they are comfortable using such a brand-new service.


You might also like: PRIMEXBT Minimum Deposit

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You might also like: PRIMEXBT Demo Account

You might also like: PRIMEXBT Fees and Spreads

You might also like: PRIMEXBT Sign up Bonus



PRIMEXBT warns potential traders that Forex and CFDs trading always carries a high level of risk, therefore may not be suitable for all investors.

Before clients decide to trade the products offered by PRIMEXBT, they are advised to contemplate their investment objectives, financial situation, needs, and level of experience carefully before investing money that they cannot afford to lose.

Especially when traders use PRIMEXBT ’s leveraged accounts, they should make sure to maintain a sufficient level of margin to sustain their positions, since trading Forex/CFD and Options on margin and using a higher than necessary leverage can be either beneficial or detrimental to a trader. It is always possible to sustain a loss of some or all of an initial investment.

While PRIMEXBT promises to make all efforts to fill a trade at the requested price, trading online does not necessarily reduce risks associated with currency trading, therefore quotes and trades are usually subject to the terms and conditions of a Client Agreement, which is accessible through the broker’s website.

Potential traders should first acquaint themselves with all these associated risks and seek advice from an independent financial advisor.


PRIMEXBT at a Glance

Broker’s name PRIMEXBT
Headquarters St. Vincent & Grenadines
Year founded 2018
Regulating authorities No regulation
Countries not accepted for trade United States, Japan, Saint Vincent, and the Grenadines, Canada, Algeria, Ecuador, Iran, Syria, Korea, Sudan, United States Outlying Islands, American Samoa, Russian Federation.
Demo account No, but limited practicing on the platform can be done.
Islamic account (swap-free) No
Institutional accounts Yes
Managed accounts No
Maximum leverage 1:1000
Minimum deposit 0.001 BTC (about $10)
Deposit options Bitcoin, credit card
Withdrawal options Bitcoin, credit card
Platform(s) provided Proprietary, Turbo
OS compatibility Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad.
Tradable assets offered Cryptocurrencies, S&P 500, Gold, EUR/USD, and more than 30 other assets
Customer support languages English, Chinese, German, French, Turkish, Vietnamese, Japanese, Korean
Customer service hours 24/7


Overall Rating


Rated #192 of
Recommended FX Brokers

💰Minimum Deposit

0.001 BTC

🌐 Regulators

Not Regulated

📱 Trading Desk

No Trading Desk



📈 Total Pairs


☪️ Islamic Account


📊 Trading Fees


🕒 Account Activation Time

24 Hours

🏛️ Visit Broker




Trading Environment


How many instruments can I trade with PRIMEXBT?

You can trade several different instruments with PRIMEXBT, which include the following:

  • Cryptocurrencies,
  • S&P 500,
  • Gold,
  • 30 other assets


Which platforms are supported by PRIMEXBT?

PRIMEXBT provides the following popular trading platforms:

  • Own proprietary platform
  • Turbo
  • Mobile


Does PRIMEXBT offer leverage?

Yes, PRIMEXBT offers maximum leverage of up to 1:1000


What spreads can I expect with PRIMEXBT?

Since details on the website are not clearly enough stipulated, more information should be obtained from the customer support service.


Does PRIMEXBT charge commission?

Commission rates for cryptocurrencies are 0.05%, forex and precious metals are rated at 0.001% and the commission for commodities and indices is 0.01%.


Is PRIMEXBT regulated and by whom?

PRIMEXBT is not regulated.


Is PRIMEXBT a recommended forex trading broker for experts and beginners?

PRIMEXBT offers a better trading environment for advanced traders.


What is the overall rating out of 10 for PRIMEXBT?





What is the difference between a demo and a live trading account?

A demo account as is offered by broker companies like PRIMEXBT is usually funded with virtual money and gives a prospective customer the opportunity to experiment with the company’s trading platforms and its features, before setting up a real account that needs to be funded with the customers own real money.


Does PRIMEXBT offer a demo account?

No, but before opening an account, the client gets an opportunity to try the platform out. The preview version of the platform is super user-friendly, simple, and similar to the real version.


How long is the demo account valid?

Not applicable


Which live trading accounts does PRIMEXBT offer?

  • Only one type of live account


What are the available deposit currencies for a live trading account?



Deposits and Withdrawals


What is the minimum deposit required to open an account with PRIMEXBT?

0.001 BTC (about $10)


How do you make a deposit and withdraw money with PRIMEXBT?

PRIMEXBT offers the following deposit and withdrawal methods:

  • Bitcoin or credit card


The same method that was used to fund an account must normally be used to withdraw money. Also, monies will usually only be refunded to accounts in the same name as the trading account.


Does PRIMEXBT charge withdrawal fees?

PRIMEXBT charges a 0.0005 BTC withdrawal fee.


How long does it take to make a withdrawal?

If you request a sizable withdrawal, it may take time to be processed, otherwise, it may be processed quickly.




Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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