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Score

4.41 /10

Average

PrimeXBT

Item: PrimeXBT
Rating: 4.41

South Africa

5-10 years

Regulated in South Africa

Financial Service Corporate

MT5 Full License

Global Business

Suspicious Overrun

Medium potential risk

https://primexbt.com

Influence

A

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Comparison

Quantity 2

Exposure

Open Account

Website

Score

Regulatory Index3.51

Business Index7.36

Risk Management Index0.00

Software Index9.00

License Index3.51

Follow

Open Account

Website

Licenses

FSCA Exceeded

Financial Service Corporate

FSA Unverified

Retail Forex License

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

PrimeXBT (PTY) LTD

Company Abbreviation

PrimeXBT

Platform registered country and region

South Africa

Company website

X

https://x.com/PrimeXBT

Facebook

https://www.facebook.com/primexbt/

Instagram

https://www.instagram.com/primexbt_official

YouTube

https://www.youtube.com/@primexbt_official

https://www.linkedin.com/company/primexbt/

Company summary

Pyramid scheme complaint

Expose

PrimeXBT · Company summary

Company Name	PrimeXBT
Founded Year	2018
Registered Country	Saint Lucia
Regulatory Authorities	FSCA and FSRA
Fees	Zero commission
Trading Assets	350+, including crypto futures, CFDs on FX, Commodities, Indices, Stocks
Minimum Deposit	$10
Maximum Leverage	1:1000
Trading Platforms	PrimeXBT WebTrader, MetaTrader 5, PrimeXBT App
Minimum Spread	0.1 pips (CFD trading)
Contact Methods	support@help.primexbt.com，live chat

PrimeXBT Information

PrimeXBT is a regulated multi-asset trading platform offering CFDs, forex, indices, stocks, and commodities with zero commission and tight spreads starting at 0.1 pips. Licensed by South Africa's FSCA and Saint Lucia's FSRA, it supports flexible deposits from $10, multi-platform access including WebTrader, MetaTrader 5, and mobile app.

Regulatory Status

Regulatory Agency	Current Status	License Type	Regulated By	License No.
Financial Sector Conduct Authority	Exceeded	Financial Service Corporate	South Africa	45697
The Financial Services Regulatory Authority	Offshore Regulated	Business Registration	Saint Lucia	2024-00343

Pros and Cons

Pros	Cons
Regulated	High leverage up to 1:1000
MT5 provided	Withdrawals fees up to 1%
Multiple Assets
Minimum Deposit starting from $10
Demo Account Available

Market Instruments

Assets	Available
Crypto Futures	✅
Forex	✅
Indices	✅
Commodities	✅
Stocks	✅
CFD's on Forex	✅
CFD's on Crypto	✅
CFD's on Commodities	✅
CFD's on Indices	✅

Fees

Spreads and overnight fees are key cost factors; calculate based on trading instruments and holding periods. Withdrawal fees vary by payment method (e.g., bank transfer, crypto wallet). All account operations are free, ideal for beginners and active traders.

Category	Item	Fees
Trading Fees	Spread	No commission, spreads as low as 0.1 pips (for CFD trading).
Deposit & Withdrawal Fees	Minimum Deposit	$10 minimum deposit required.
	Deposit Fee	No charges
	Withdrawal Fee	Up to 1%
Account Fees	Account Setup Fee	Free account creation
	Account Maintenance Fee	No charges for account maintenance.
	Demo Account	Free risk-free practice environment.

Trading Platform

Trading Platform	Devices	Features & Benefits
PrimeXBT WebTrader	Web-based trading (no download)	- Fully customizable interface- Advanced charts & analytical tools- Multi-device access- Fast execution
MetaTrader 5	Traditional PC trading (Forex/CFDs)	- Supports Expert Advisors (EAs)- Multi-timeframe chart analysis- Diverse order types- Inherits MT4 user base
PrimeXBT App	Mobile trading (Android/iOS)	- Real-time market timing tools- Powerful chart analysis- Instant order execution- Cross-platform sync

Deposit & Withdrawal

PrimeXBT offers instant deposits and withdrawals with over 100 payment methods, including Visa, Mastercard, Skrill, Neteller, Standard Bank, Binance Pay, and more.

Check whenever you want

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WikiFX Risk Alerts 3

Previous Detection : 2025-08-17

This broker exceeds the business scope regulated by South Africa FSCA(license number: 45697)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

The broker's claimed SeychellesFSA regulation (Regulation Number: SD162) has not been verified. Please be alert to the risks!

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5

Genealogy

Clones

Keywords

Account

Time Machine

Exposure

2 pieces of exposure in total

Pyramid scheme complaint

Expose

Scam

Cannot close position, trading has been deactivated.

Initially, they offered a 100% deposit bonus. After receiving the bonus, odd things started to happen. While trading, the bonus was suddenly withdrawn and shortly after, my account suffered from negative floating. When I tried to close the position, I couldn't. The negative floating got worse and all my balance depleted to zero. I contacted customer service about the issue and they said there was an end-of-month routine check, any transactions would not affect and the balance would be fully returned to the original deposit value. I emailed them every day but the answer was always the same, just to wait without any certainty. Now it's been over 14 days, and my money has not been returned.!!

FX3184846382

2025-04-11 23:29

Scam

I've been deceived!!!

I met someone online! He introduced me to investing, saying that I could make money and withdraw it at the beginning. After a few days, he suddenly asked me to download a trading software called Prime XB丁. This software is not registered and requires mobile phone approval to download. Without much thought, I downloaded and registered an account. The person suggested that I deposit 50,000 yuan first, but I thought it was too much and I didn't have the money. The person kindly advised me not to stick to the rules and to learn to "borrow a chicken to lay eggs." Afterwards, I borrowed 50,000 yuan from a friend and invested it. I then invested another 250,000 yuan, but although the profits doubled, I couldn't withdraw them.

Andy loh

2021-09-17 15:19

PrimeXBT · Company summary

Company Name	PrimeXBT
Founded Year	2018
Registered Country	Saint Lucia
Regulatory Authorities	FSCA and FSRA
Fees	Zero commission
Trading Assets	350+, including crypto futures, CFDs on FX, Commodities, Indices, Stocks
Minimum Deposit	$10
Maximum Leverage	1:1000
Trading Platforms	PrimeXBT WebTrader, MetaTrader 5, PrimeXBT App
Minimum Spread	0.1 pips (CFD trading)
Contact Methods	support@help.primexbt.com，live chat