Broker Review

October 24, 2025

PrimeXBT Review 2025 – Is It a Legit or Scam Broker? Full Honest Breakdown

Quick take: This in-depth PrimeXBT review explores regulation and safety, account types and trading conditions, platforms, fees, funding, support, security, reputation, and who this broker suits best. PrimeXBT launched in 2018 and operates a multi-entity, multi-asset model offering CFDs (forex, indices, commodities, shares), crypto futures, and copy trading via proprietary and MT5 platforms. The group now holds authorizations or registrations in Seychelles (FSA SD162), South Africa (FSCA 45697), Mauritius (FSC GB24203383), and El Salvador (CNAD/BCR), plus membership in the Financial Commission compensation scheme.

1) Introduction

PrimeXBT is a multi-asset broker and exchange founded in 2018. The group’s sites emphasize a global footprint with 1M+ clients and access to 100+ CFD markets and crypto futures. The platform suite includes a proprietary PXTrader WebTrader and mobile app alongside MetaTrader 5 (MT5) access via a partner entity.

Headline selling points

Multiple platforms: PXTrader (web + app) and MT5 (web/desktop/mobile).
Broad market coverage: FX, indices, commodities, shares (CFDs), cryptocurrencies, and crypto futures.
High leverage (entity/instrument-dependent): company updates indicate up to 1:500 on many FX pairs, with tiered leverage across indices and crypto.
Copy trading product for follower/strategy provider models.
24/7 customer support and fast onboarding.

What you’ll learn in this PrimeXBT broker review

We’ll examine PrimeXBT regulation, safety, account types, trading conditions, platforms, instrument list, typical spreads/fees, deposit & withdrawal methods, support, security controls, user ratings, and finally answer Is PrimeXBT legit or scam?

2) Regulation & Safety

PrimeXBT operates a multi-entity structure. According to its Legal Centre:

Seychelles – Financial Services Authority (FSA)
Licensed Securities Dealer: PXBT Trading Ltd — License No. SD162 (linkable license record).
South Africa – Financial Sector Conduct Authority (FSCA)
PrimeXBT (Pty) Ltd — Authorized FSP #45697.
Mauritius – Financial Services Commission (FSC)
PXBT Capital Ltd — Investment Dealer, License No. GB24203383.
El Salvador – CNAD/BCR
PrimeXBT Trading Services, S.A. de C.V. — Digital Asset Services Provider (PSAD-0045) and Bitcoin Services Provider registration 66d10393e8a00a3181b8e457.

Compensation & dispute resolution: PrimeXBT is a member of the Financial Commission, providing an external dispute resolution route and a $20,000 compensation fund per client for upheld rulings (product coverage may vary).

Restricted regions: PrimeXBT states it does not offer services to residents of the USA, Canada, Iran, North Korea, Russia, and does not solicit residents of the EEA/UK (self-registration only).

Bottom line on safety: With multiple offshore and emerging-market licenses (FSA Seychelles, FSCA South Africa, FSC Mauritius) and El Salvador crypto registrations, PrimeXBT has moved away from unregulated status cited by some older reviews. Still, protection is not equivalent to trading under top-tier regulators such as the FCA/UK, ASIC/AU, or CySEC/EU. Treat it as moderately regulated, with added dispute insurance via the Financial Commission.

3) Account Types & Trading Conditions

PrimeXBT doesn’t use the classic Standard / ECN / Pro lineup. Instead, it offers product-based accounts across platforms:

PXTrader (WebTrader/App) – CFDs on FX, indices, commodities, shares, crypto.
MetaTrader 5 (MT5) – CFDs provided via the Seychelles partner (PXBT) — supports EAs/algorithmic trading.
Crypto Futures account.
Copy Trading account (followers & strategy providers).
Swap-Free (Islamic) on MT5 — interest-free alternative (admin fee per lot may apply).

Minimum deposit: Depends on payment method and region Help Centre examples show as low as $10 via certain e-wallets, $30 by bank card, and $5 via Neteller, while crypto deposits depend on the network.

Base currencies: PrimeXBT supports crypto balances (BTC, ETH, USDT, USDC) and fiat options depending on region/method.

Leverage: Varies by instrument, size band, and entity. Company updates show FX up to 1:500 on PXTrader and MT5, with tiered leverage for indices and lower bands for crypto. (Some third-party sites report up to 1:1000 on selected FX, but always check your entity’s Fees & Conditions page.)

PrimeXBT account comparison (summary)

Feature	PXTrader (Web)	MT5 (Desktop/Web/Mobile)	MT5 Swap-Free	Crypto Futures	Copy Trading
Instruments	100+ CFDs (FX, indices, commodities, shares, crypto)	Same as PXTrader (entity-dependent)	Same as MT5	Perpetual/futures crypto	Follower/Provider strategies
Min. deposit	From $10 (method-dependent)	From $10	From $10	From $10 / crypto	From $10
Leverage (indicative)	FX up to 1:500 tiered on others	FX up to 1:500	Same (no swaps admin fee)	Lower bands (e.g., 1:50–1:200)	N/A (mirrors traded products)
Commissions	Spread-only on many CFDs see fee schedule	Same	Admin fee replaces swaps	Exchange-style maker/taker	Performance share model
Automation	Manual + chart tools	EAs/algos supported	EAs supported	Manual/conditional orders	Auto-replication
Platforms	Browser + mobile app	Desktop/Web/Mobile	Desktop/Web/Mobile	Web/App	Web/App

Sources: platform and help pages, company blog. Always confirm within your account under Fees & Conditions.

4) Trading Platforms

PXTrader (PrimeXBT WebTrader)

PrimeXBT’s proprietary WebTrader focuses on quick execution and a clean, customizable layout with advanced charts and expert tools for technical analysis. No installs needed.

MetaTrader 5 (MT5)

For traditionalists, PrimeXBT offers MT5 via its Seychelles partner (PXBT Trading Ltd). MT5 enables algo trading with Expert Advisors (EAs), flexible order types, and rich charting. MT5 is available on web, desktop, and mobile (iOS/Android).

PrimeXBT Mobile App

The PrimeXBT App (Android/iOS) mirrors most functionality, providing on-the-go charting and rapid order entry.

Copy Trading Module

PrimeXBT’s Copy Trading lets users follow top strategy providers (followers can share profits with providers providers earn up to 20% of follower profits). Note: Copy trading is not available under the South Africa entity.

Automation & extras

EAs/automation: available on MT5.
Risk controls: stop loss, take profit, margin alerts, liquidation logic in help docs.
Mobile coverage: Android/iOS for both MT5 and the PrimeXBT App.

5) Markets & Instruments

PrimeXBT advertises 100+ CFD markets plus crypto futures:

Forex: majors/minors/exotics (e.g., EUR/USD, USD/JPY, GBP/USD).
Indices: SP500, NASDAQ, DOWJ, FTSE, etc.
Commodities: Gold, Silver, Oil, Natural Gas, and other metals/energies.
Shares (CFDs): popular US/global names (e.g., Tesla, Meta, Alphabet).
Cryptocurrencies (CFDs & Futures): BTC/USD, ETH/USD, and multiple alts, with tiered leverage.

6) Spreads, Commissions & Fees

Indicative spreads & pricing

PrimeXBT markets spreads from 0.1 on CFDs and low trading costs & 0 fees messaging (i.e., spread-only on many CFD symbols). Example visuals on the fees page show EUR/USD around 0.6 pips in sample tiles. Your live spreads will vary by market and conditions.

Commission model

CFDs (PXTrader/MT5): Often spread-only swap/financing applies for overnight positions (or admin fee for swap-free MT5). Always check symbol-level Fees & Conditions.
Crypto Futures: maker/taker style fees that scale with volume VIP tiers can lower fees further.

Non-trading fees

Deposits: typically 0% platform fee network/payment processor fees may apply.
Withdrawals: fee depends on method/currency see Withdrawal & Refund Policy and Help Centre for specifics.
Inactivity: not prominently advertised on public pages review Legal Centre and your account’s fee schedule for the latest terms.

How pricing compares
Compared to mainstream CFD brokers, headline spreads (sub-1.0 pip on EUR/USD under good liquidity) are competitive, but overall cost will depend on your entity, VIP tier, and leverage band. Heavy crypto/futures traders may benefit from volume-based VIP discounts.

7) Deposit & Withdrawal Methods

Funding options (region-dependent):

Crypto deposits/withdrawals (BTC, ETH, USDT, USDC, etc.).
Bank cards, local methods, and e-wallets (availability varies).
Help Centre shows minimums by method (e.g., $10 e-wallet, $30 card, $5 Neteller), with typical crypto confirmation times (e.g., BTC ~ 3 confirmations).

Processing times & limits

Crypto: network-dependent (BTC ~40 minutes ERC-20 ~6 minutes with ~30 confirmations).
Fiat: varies by provider/region PrimeXBT’s Deposits & Withdrawals Policy lists accepted categories (bank wires, cards, crypto, APMs) and warns no third-party payments.

Fees

Deposits: typically no platform fee processor/network charges may apply.
Withdrawals: method-dependent fee see the Fee Schedule/Help Centre.
Tip: Because funding availability and KYC requirements differ by jurisdiction, check the Help Centre articles and Legal Centre for your contracting entity before depositing.

Tip: Because funding availability and KYC requirements differ by jurisdiction, check the Help Centre articles and Legal Centre for your contracting entity before depositing.

8) Customer Support

PrimeXBT advertises 24/7 support via live chat across the website, webtrader, and app, plus email contacts.

Our read of public feedback (see next section) shows mixed experiences: many users cite fast responses, while some report delays for complex issues (e.g., withdrawal verification, affiliate disputes). As with most global brokers, resolution speed often hinges on KYC stage, payment provider, and jurisdiction.

9) Security & Fund Protection

PrimeXBT highlights a multi-layer security framework:

Cold storage & multisig, HSMs (FIPS 140-2 Level 3+), geographically distributed data centers, DDoS/Cloudflare, SSL, and 2FA.
Negative Balance Protection (NBP) via an insurance fund — the platform states clients should not go below zero.
Segregated client accounts and regulatory oversight messaging on the corporate site.
KYC/AML — verification obligations vary by product and payment method (crypto-only accounts may begin with lighter KYC fiat ramps usually require full KYC).

Investor protection: Beyond entity-level regulation, PrimeXBT’s Financial Commission membership offers the $20,000 per client compensation fund for upheld decisions — not the same as an EU/UK statutory scheme but adds a layer of recourse.

10) User Experience & Online Reputation

Trustpilot: As of October 2025, PrimeXBT shows a 3.9/5 (Great) score across 349 reviews. Feedback repeats two themes: users like onboarding, platform speed, and crypto/CFD variety detractors mention withdrawal delays or support friction in specific cases.

Forex Peace Army (FPA): The FPA page indicates a mixed rating and (as of an Oct 2025 update) claims no regulatory licenses, which conflicts with PrimeXBT’s current FSA/FSCA/FSC/CNAD/BCR disclosures. Treat FPA’s regulatory claim as outdated relative to the broker’s own legal pages.

BrokersView: Lists the active licenses (FSA Seychelles SD162, FSCA 45697, FSC Mauritius GB24203383) and rates overall performance as solid.

Independent media: DayTrading.com/FXStreet and other outlets describe fast execution, high leverage, copy trading, and contests, while also noting regional restrictions and that PrimeXBT suits experienced traders comfortable with leverage.

11) Pros & Cons

Pros

Multi-entity regulated (FSA Seychelles, FSCA SA, FSC Mauritius CNAD/BCR in El Salvador).
Multiple platforms: PXTrader web/app + MT5 with EAs Copy Trading module.
Broad instruments: >100 CFDs across FX/indices/commodities/shares + crypto, plus crypto futures.
Competitive costs (spreads from 0.1 on CFDs VIP fee discounts).
Swap-free (Islamic) on MT5 flexible funding methods.
Negative Balance Protection and Financial Commission membership (up to $20,000).
24/7 support, quick onboarding, active product updates.

Cons

Not top-tier (FCA/ASIC/CySEC) regulation protections vary by entity.
Copy Trading unavailable under the SA entity region-specific availability applies.
Jurisdiction restrictions (USA/Canada/EEA/UK not serviced/solicited).
Exact spreads/fees vary by instrument/entity you must verify your symbol list.
Some reports of withdrawal/procedure delays and support back-and-forth.
Leverage bands can be lower for crypto and adjust by position size/liquidity.
Inconsistent info on third-party sites (outdated regulation/min-deposit claims). Cross-check in your dashboard.

12) FAQs

1) What is the PrimeXBT minimum deposit?

It’s payment-method dependent. Help Centre examples show as low as $10 via certain e-wallets, $30 for some card deposits, and $5 via Neteller. Crypto deposits require network confirmations. Always check the deposit screen in your region.

2) Which platforms does PrimeXBT support?

PXTrader (web) and the PrimeXBT App for CFDs/crypto, plus MT5 via the partner entity — including EA support and multi-device access (web/desktop/mobile).

3) What leverage can I use?

PrimeXBT’s latest update shows FX up to 1:500 on PXTrader and MT5 (varies by pair, size band, and entity). Indices and crypto use lower maximums with step-downs on larger positions. Check your Fees & Conditions table for each symbol.

4) Are withdrawals smooth, and are there PrimeXBT withdrawal problems?

The policy notes fees depend on the method/currency and that first withdrawals may be routed to the original deposit card for security. Some Trustpilot reviewers report delays/friction others report normal processing. Ensuring KYC completeness and using supported rails tends to help.

5) Does PrimeXBT offer swap-free (Islamic) accounts?

Yes, swap-free is available on MT5 (swaps waived/replaced by admin fees). Configure at signup or via account settings.

6) Is PrimeXBT good for beginners?

Beginners may appreciate copy trading, low minimums, and a simple web/app interface. However, high leverage requires strict risk control many reviewers suggest it’s better for intermediate/advanced users.

13) Final Verdict

Is PrimeXBT legit or scam?
Based on the latest official disclosures, PrimeXBT is a legitimate multi-entity broker holding Seychelles FSA (SD162), South Africa FSCA (45697), Mauritius FSC (GB24203383) authorizations and El Salvador digital-asset registrations (CNAD/BCR). It also participates in the Financial Commission with a $20,000 compensation fund per client for upheld rulings. That places PrimeXBT above unregulated exchanges however, it’s not supervised by top-tier regulators like the FCA/UK or ASIC, so protections are more limited and vary by entity.

Trading environment: You get broad multi-asset coverage, PXTrader + App + MT5, copy trading, competitive spreads, VIP fee tiers, and NBP. Leverage is aggressive on FX by global standards (commonly up to 1:500, instrument/entity-specific), while crypto/futures use lower bands. Funding options are reasonably wide, with $10-level fiat e-wallet minimums in some regions and straightforward crypto rails.

Who will benefit most?

Beginners: Can start small (method-dependent low minimums) and explore copy trading, but should avoid high leverage until comfortable.
Intermediate traders: Good fit if you want many CFD markets plus crypto in one place, 24/7 support, and MT5 EAs.
Advanced/active traders: May appreciate VIP fee tiers, platform choice, and broad market menu, while managing risk prudently.

Bottom line: This PrimeXBT broker review finds a credible, multi-entity platform with strong feature depth and competitive costs for multi-asset and crypto-savvy traders. For residents in restricted or highly regulated regions, or traders demanding top-tier regulatory protection, an alternative may suit better. Otherwise, for global users comfortable with moderate regulatory regimes and active risk management, PrimeXBT is a compelling all-in-one venue.