PXBT

PXBT Information

PXBT is a Seychelles-based brokerage company who mainly offers trading services in forex, indices, commodities and shares. It offers a demo account for you to get familiar with the platform and your trading strategy. Trades can be executed on the well-acclaimed and popular MetaTrader 5 platform, enhancing customer experience.

However, one crucial point to note is that although the broker is regulated by the FSA, the regulation is offshore only, which indicates limited oversight by the authority.

Pros and Cons

Is PXBT Legit?

PXBT is currently being regulated by FSA (The Seychelles Financial Services Authority) with license no. SD162.

However, you should be aware that the regulation status is offshore only, indicating weaker regulatory oversight.

Regulated Country	Regulator	Current Status	Regulated Entity	License Type	License No.
	FSA	Offshore regulated	PXBT Trading Ltd	Retail Forex License	SD162

What Can I Trade on PXBT?

Account Type & Fees

PXBT not only offers a demo account for you to simulating real trading with virtual funds before tapping into real trading, friendly to all levels of investors.

However, the broker does not disclose much of its live accounts. We can only learn from their mainpage that spread is reletively tight from 0.1 pips and the company does not charge any trading fees.

Leverage

PXBT offers max leverage up to 1:1000, which should always be dealt carefully to avoid huge losses.

Trading Platform

PXBT claims to use the world renowned MetaTrader 5 platform, which is well-recognized by its robust functionalities such as advanced charting tools, automated trading and analysis indicators.

You can reach the platform on web, or download app from Windows, mobiles phones and Mac.