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South Africa
Regulated in South Africa
Derivatives Trading License (EP)
MT5 Full License
Global Business
High potential risk
Offshore Regulated
Influence
Add brokers
Comparison
Quantity 6
Exposure
Score
Regulatory Index4.00
Business Index7.50
Risk Management Index0.00
Software Index9.57
License Index5.23
Single Core
1G
40G
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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
Only deposit is allowed, withdrawal is not. i have deposited my money, and when i want to withdraw, there is no available options for withdrawal. SCAM BROKER
I must expose the disgusting tactics employed by the PrimeXBT forex platform. The manipulation involved is particularly egregious. My EUR/USD order experienced an abnormal slippage of over 3 pips, resulting in an $800 loss. The platform's customer service excused me by citing "market volatility," completely ignoring the industry standard of 0.5 pip slippage for legitimate platforms during major market fluctuations. This malicious slippage is clearly a technical manipulation exploiting market fluctuations. The financial trap is incredibly subtle. The platform advertises "zero commissions," but when I closed a $10,000 GBP/JPY order, I was inexplicably charged a $350 "transaction fee." This completely fails to guarantee the safety of Malaysian users' funds. Stay away from this unregulated, manipulative, and withholding platform. Protect your money!
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.
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.!!
I'm not impressed with PrimeXBT's spreads. While they claim to offer tight spreads from 0.1 pips, I've experienced wider spreads in certain market conditions. Cryptocurrency spreads can be particularly volatile. The lack of transparency and consistency in their spreads has led to unexpected trading costs. For active traders like myself, these costs can eat into profits. I expect more reliable spreads from a reputable broker." ¹
I want to let you k now everyone that Primexbt have removed my money of profit amount which is 14 923.51 USD. I want to mention the main thing that I haven't took any promotion from Primexbt before or during my trade. I risk my my own money during my trade and now when I am done with my profitable trade this company removed my money with giving statement that I have manipulated the company's terms and conditions. We all know that market these days very volatile and fast. Anyone can lose their money or make profits just in few minutes just because of market situation. Then who gave the rights to company to remove clients money? This behaviour is very unprofessinal. I am doing trade with my own money. Company have no rights to put such obligations just to remove my money. If they are so scared of giving withdrawals to clients then they should shut down their operation and go back to their homes. I am still requesting to primexbt to reverse my removed amount.
| 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 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 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 | 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 |
| Assets | Available |
| Crypto Futures | ✅ |
| Forex | ✅ |
| Indices | ✅ |
| Commodities | ✅ |
| Stocks | ✅ |
| 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 | 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 | 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 |

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

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