Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
PrimeXBT Pros & Cons
- Regulation across multiple countries and participation in a compensation fund.
- Leverage up to 1:2000.
- The minimum deposit is just $10.
- Access to copy trading.
- User-friendly mobile trading apps.
- Availability of educational resources and market analysis.
- Trade crypto futures plus CFDs on forex, indices, commodities, and shares in one place.
- 0% commission on CFDs on PXTrader and MT5.
- Deposits and withdrawals in crypto and fiat.
- Free demo account and modern mobile apps.
- Not available in the US or Canada.
- Product and payment-method availability varies by region.
TU Expert Verdict
PrimeXBT demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
Top-5 Brokers Traders Prefer
PrimeXBT User Reviews
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5-star
45%
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4-star
39%
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3-star
16%
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2-star
1%
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1-star
0%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria4 /10The trading and non-trading commissions of PrimeXBT have been analyzed and rated as having High fees, with a fees score of 4/10. Additionally, these commissions were compared with those of the top two competitors, ZForex and OANDA, to provide the most comprehensive information.
- No inactivity fee
- No deposit fee
- Above-average Forex trading fees
- No ECN/Raw Spread account
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Is PrimeXBT Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria9.2 /10PrimeXBT has a safety score of 9.2/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Track record over 8 years
- Strict requirements and extensive documentation to open an account
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.7.1 /10PrimeXBT offers the following account options: Demo, Standard.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Standard account with balanced trading conditions
- Demo account
- Low minimum deposit
- No ECN/Raw spread account
- No Swap Free account
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology6 /10PrimeXBT received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria5.8 /10PrimeXBT offers a limited selection of trading assets compared to the market average. The platform supports 293 assets in total, including 45 Forex pairs.
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Trading Account Opening
We successfully registered an account with PrimeXBT in 10 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at PrimeXBT is $10.Score:We evaluated Trading Account Opening at PrimeXBT by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.9 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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Customer Support
Score:We evaluated Customer Support at PrimeXBT by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria7.5 /10
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FAQs
How is PrimeXBT regulated and what safety measures are described in its security overview?
PrimeXBT is regulated by several authorities, including the FSCA in South Africa (Tier-2), the FSC in Mauritius (Tier-3), the FSA in Seychelles (Tier-3), and the Banco Central de Reserva in El Salvador (Tier-1), with the latter linked to the Instituto de Garantía de Depósitos (IGD). The broker has a safety score of 9.2/10, offers negative balance protection, and requires KYC verification, while the review notes that not all regulators provide a specific investor protection fund.
What do reviews of PrimeXBT say about its trading commissions, spreads, and non-trading fees?
The review rates PrimeXBT’s overall fee level as high, with a fees score of 4/10, and notes above-average Forex trading fees and the absence of RAW/ECN accounts. For Standard accounts, EUR/USD spreads typically range from 0.7 to 1.6 pips and GBP/USD from 1.3 to 2.1 pips, while non-trading fees include no deposit or inactivity fee and withdrawal fees of up to 1%.
What do user reviews and feedback indicate about overall satisfaction with PrimeXBT?
Based on available user reviews, PrimeXBT has a user satisfaction score of 8.6/10 from 133 reviews, and 1,382 users have chosen this broker according to the section. The rating distribution shows that 84% of reviews are 4 or 5 stars, 15% are 3 stars, and only 1% are 2 stars with no 1-star ratings, indicating that overall user feedback is mostly positive.
Which markets and tradable assets are available at PrimeXBT according to reviews?
The review states that PrimeXBT offers 293 total tradable assets, including 45 currency pairs, stocks, cryptocurrencies, and stock indices, but no options or bonds. It also notes that commodity futures are not available despite being mentioned as an advantage in one part of the section, and overall describes the asset selection as limited compared to the market average.
How do reviews describe the PrimeXBT account opening process and its main conditions?
The review notes that opening an account with PrimeXBT is fully online, took 10 minutes for registration, and that KYC verification was completed within 2 business days, with a minimum deposit of $10. It also mentions that deposits without verification are capped at $2,000 and that users can manage deposits, withdrawals, referral links, and security settings from their account, while account approval time may vary depending on submitted documentation.
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