User Reviews
More
User comment
36
CommentsWrite a review


Score
South Africa
Regulated in South Africa
Financial Service Corporate
MT5 Full License
Global Business
Suspicious Overrun
Medium potential risk
Offshore Regulated
Influence
Add brokers
Comparison
Expose
Exposure
Score
Regulatory Index4.29
Business Index7.27
Risk Management Index8.22
Software Index9.00
License Index4.29
Single Core
1G
40G
More
Company Name
PrimeXBT (PTY) LTD
Company Abbreviation
PrimeXBT
Platform registered country and region
South Africa
Company website
X
YouTube
Company summary
Pyramid scheme complaint
Expose
Category | Details |
Company Name | PrimeXBT |
Founded Year | 2018 |
Regulatory Authorities | FSCA and FSRA |
Fee Structure | Zero commission, Minimum deposit: $1, Free deposits/withdrawals (third-party fees may apply) |
Trading Platforms | PrimeXBT WebTrader, MetaTrader 5, PrimeXBT App |
Minimum Spread | 0.1 pips (CFD trading) |
Overnight Swap Fees | Calculated based on currency leverage and holding period |
Contact Methods | support@help.primexbt.com,live chat |
PrimeXBT is a regulated multi-asset trading platform offering CFDs, forex, indices, 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 $1 and withdrawals, multi-platform access including WebTrader, MetaTrader 5, and mobile app.
Regulatory Agency | Current Status | License Type | Regulated By | License No. |
Financial Sector Conduct Authority | General Registration | Financial Service Corporate | South Africa | 45697 |
The Financial Services Regulatory Authority | Offshore Regulated | Business Registration | Saint Lucia | 2024-00343 |
Assets | Available |
Crypto Futures | ✅ |
Forex | ✅ |
Indices | ✅ |
Commodities | ✅ |
CFD's on Forex | ✅ |
CFD's on Crypto | ✅ |
CFD's on Commodities | ✅ |
CFD's on Indices | ✅ |
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 | Fee Description | Minimum Amount/Notes |
Trading Fees | Spread | No commission, spreads as low as 0.1 pips (for CFD trading). | Applies to CFD trades |
Overnight Swap Fees | Interest paid/received for holding positions overnight. | - | |
Deposit & Withdrawal Fees | Minimum Deposit | No minimum deposit required. | Starts from $1 |
Deposit Fee | Free deposits. | No charges. | |
Withdrawal Fee | Fees depend on payment gateway/blockchain used. | Starts from $0 | |
Account Fees | Account Setup Fee | Free account creation. | Instant setup |
Account Maintenance Fee | No charges for account maintenance. | No additional costs | |
Demo Account | Free risk-free practice environment. | Available for strategy testing |
Trading Platform | Use Cases | Core 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 |
A popular trading platform, PrimeXBT has recently received a license from the Financial Sector Conduct Authority (FSCA) to officially start trading in South Africa.
In today’s article, WikiFX will explore PrimeXBT in depth, examining its features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service, to help you make an informed decision on whether or not to use this platform.
These blockchain and cryptocurrency-based protocols allow much more futuristic or financial-focused technologies, such as lending and borrowing, as well as virtual reality worlds with digital real estate and individual token economies.
PrimeXBT is a cryptocurrency and forex broker providing leveraged trading to clients across the world. This review covers the services provided by PrimeXBT, including its trading platforms, crypto predictions, mobile app and supported countries. We will also detail the deposit and withdrawal options, promotional bonuses, fees and KYC verification systems.
More
User comment
36
CommentsWrite a review