PrimeXBT Review 2025

Pros

• The 0.01% maker and 0.02% taker fees for crypto futures contracts are very competitive in the trading industry.
• The web platform and app, designed for technical traders, include advanced charting tools, a flexible layout, and various order options like one-cancels-the-other (OCO).
• Our testing showed strong 24/7 customer support available through live chat, and a wide-ranging help center excellent for independent troubleshooting.
• PrimeXBT now offers new tokens, such as 1Inch, Aave, and Injective, for trading and funding.
• PrimeXBT offers very quick transaction speeds, averaging at 7.12ms. This is a good choice for traders who want to get the best prices in fluctuating markets.

Cons

• Traders used to the popular forex trading software, MT4, may find it limiting due to the lack of integration with established platforms.
• Despite advancements, the choice of over 100 instruments significantly lags behind competitors, particularly OKX, which offers over 400 assets.
• PrimeXBT, popular in the crypto industry, is not endorsed by a credible regulator, increasing the risk for traders significantly.

PrimeXBT is an online broker that offers leveraged trading globally. Clients can trade cryptocurrencies like Bitcoin and join virtual contests. The broker provides various services, including trading platforms, a copy trading tool, and a mobile app. PrimeXBT operates in multiple countries. The review explores deposit and withdrawal methods, promotional codes, fees, and KYC verification.

Accounts

PrimeXBT simplifies things with just one account for all its services. There are no limitations on deposit size or trading volume.

You can start trading with no minimum deposit requirement, though funds need to be transferred first.

New users will find the application process simple and easy to navigate.

Commissions & Fees

PrimeXBT offers transparent fees, charging only for trades and positions held overnight. Our experts noted these charges are lower than many competitors. Cryptocurrency commission rates are competitive at 0.05%, and there’s no commission on forex, indices, or commodities. Overnight financing charges are dynamic, fluctuating daily. Current rates can be found in the fees section on their website.

Payment Methods

PrimeXBT mainly focuses on trading cryptocurrencies, with new additions like 1Inch, Polygon, and Maker in 2024. You can buy crypto with credit or debit cards via a widget in the deposit section, though this incurs a fee. If you already have cryptocurrencies, depositing them into your PrimeXBT account is straightforward. Additionally, they now support fiat deposits in EUR and USD.

Payments may take around 40 minutes to appear in your account due to six security confirmations. Withdrawals require just an amount and wallet address, aided by address whitelisting for added security. There is a 0.0005 BTC withdrawal fee; withdrawals are processed daily between midday and 2 p.m. GMT. Traders can convert crypto withdrawals to fiat currencies using third-party services.

Assets & Tokens

PrimeXBT shines by offering more than just crypto trading. While many platforms stick to cryptocurrencies like Bitcoin, Ethereum, and Ripple, PrimeXBT provides a diverse range of CFDs. You can trade major and minor forex pairs, global stock indices, energies like crude oil, and precious metals like gold and silver. With over 100 instruments, you can diversify your portfolio beyond digital currencies. This helps traders hedge against risks and explore various markets and sectors.

PrimeXBT Platform

PrimeXBT offers a unique, browser-based trading platform that requires no downloads. It includes over 50 technical indicators and comprehensive charting tools. Traders can place and manage orders directly from charts using TradingView. The platform’s workspace is customizable with a variety of visualization tools, execution methods, and trading histories.

Traders can execute different order types and set stop losses and take profits simultaneously. PrimeXBT impresses with an integrated account and dashboard, allowing quick access to cryptocurrencies, traditional CFDs, copy trading services, and contests. The average order execution speed is a swift 7.12ms.

To trade, users simply select an asset from the top left menu and choose ‘buy’ or ‘sell.’ They can easily adjust order details, including trade size. However, PrimeXBT does not provide the popular MetaTrader 4 or MetaTrader 5 platforms, which may disappoint some users.

Leverage Review

PrimeXBT excels with its competitive leverage options. You can access up to 1:200 leverage for cryptocurrencies like BTC and ETH. Other altcoins offer up to 1:100. Forex pairs boast impressive 1:1000 leverage, while metals reach up to 1:500. Indices and commodities offer up to 1:100. However, leverage decreases as trade sizes grow, offering higher rates only for smaller trades.

Compared to platforms like Kraken and Binance, PrimeXBT’s leverage is much higher. Covesting accounts enjoy a consistent maximum leverage of 1:200 across all assets, regardless of volume. Explore more on the margin call process and use their impact calculator on PrimeXBT’s website.

PrimeXBT Mobile App

PrimeXBT offers a mobile trading app for iOS and Android devices. The app retains most features of the desktop platform, including various order options and customization settings. It’s user-friendly, appealing to beginners, and an excellent supplement or alternative to desktop trading.

Regulation & Licensing

PrimeXBT isn’t licensed, raising safety concerns. Despite this, customer reviews are positive with few payout complaints, and no reports of hacks or stolen funds. We remain cautious recommending unregulated brokers since it’s harder to ensure their trading safety.

Demo Account

PrimeXBT shines with its demo account available through Contests. This simulator lets users explore tools and assets without risking real money. Trading tournaments offer a fun way to test strategies, using virtual funds to compete for real cash prizes.

Deals & Promotions

PrimeXBT offers a $100 bonus for new users who deposit $500 or more. Traders must sign up within 48 hours and have two weeks to claim the bonus. Visit their website for other promotional codes and giveaways.

Additional Features

Copy Trading

PrimeXBT offers a Covesting module for trading. Covesting lets clients invest in other traders or start their own investment funds, enabling copy trading.

We appreciate how the module highlights top traders, their funds, track records, and returns. Each fund is rated using metrics like daily and all-time ROI and total capital. Traders with their own funds receive more capital from investors and a share of profits.

Education

PrimeXBT provides educational resources beyond trading. These include explanations of markets, order types, strategies, and platform usage. Video tutorials, visual guides, and a FAQ help center are also available.

The website features a forex and cryptocurrency blog with market analysis, economic news, and trading strategies. PrimeXBT also predicts prices for cryptocurrencies like Bitcoin, Ripple, and EOS.

Crypto Futures Platform

A notable feature of PrimeXBT is its crypto futures and perpetual swaps offering.

Perpetual swaps don’t expire, allowing traders to hold positions for the long term. This suits longer-term strategies.

Crypto futures use a funding rate to align contract prices with the spot market, minimizing price gaps and enhancing transparency for traders.

The dynamic margin system is popular, automatically adjusting margins based on account balance and trade size. Clients can select fixed, cross, or sliding leverage from the dashboard.

Company Details

PrimeXBT, established in 2018 in the Seychelles, is now a global trading platform serving clients in 152 countries. It has more than 40 employees and three offices, boasting an average daily trading volume of $540 million and over 170,000 trades daily. In 2019, they moved their headquarters and operations to Switzerland and opened offices in St. Vincent and the Grenadines. However, PrimeXBT lacks a license from a recognized regulatory agency.

Customer Support

PrimeXBT offers a 24/7 live chat service on its platform. Several agents are always ready to assist, located at the lower right corner. However, there is no telephone or offline support, which can be annoying for complex issues. That said, the support team is knowledgeable and can handle various queries such as liquidation prices, platform maintenance, account issues, and rejected orders. You can also contact PrimeXBT through email at support@help.primexbt.com or via social media:

• Facebook
• Twitter
• Telegram

Security & Safety

PrimeXBT values privacy and requires only a crypto deposit, risking only the deposited capital. Their cybersecurity is robust, with regular audits to protect clients’ funds. Google provides an optional multi-factor authentication to secure accounts further. Most assets are stored offline, with only a small Bitcoin amount online for trading.

All website traffic is SSL encrypted, and passwords are cryptographically hashed for security. After FTX’s collapse, PrimeXBT clarified it doesn’t use tokens for credit. Customer and business funds remain separate, and assets under management aren’t used as collateral.

Trading Hours

Trade cryptocurrencies with PrimeXBT anytime, 24/7, since these markets never close. However, overnight swaps apply after 23:59 UTC. Forex pairs are generally available from 21:05 to 21:00 the next day. An exception is the USD/RUB pair, trading from 07:00 to 21:00. Precious metals are open from 22:00 to 21:00. Commodity and index trading times vary more due to local market hours.

PrimeXBT Verdict

PrimeXBT stands out for its focus on technology, offering sleek trading platforms and copy trading tools. Instead of traditional regulation, it emphasizes anonymity and cybersecurity to protect clients from hackers. Fast execution and high leverage give it an edge. However, customer support needs improvement. It’s a great choice for both new and experienced traders.

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