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The WikiFX Score of this broker is reduced because of too many complaints!

PXBT

Seychelles | 2-5 years |
Regulated in Seychelles | Retail Forex License | MT5 Full License | Regional Brokers | Medium potential risk | Offshore Regulated

https://pxbt.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
PXBTTrading-1 MT5
Server Location United Kingdom

Contact

+248 4 226 278
help@pxbt.com
https://pxbt.com/
IMAD Complex, Office 3, Ile Du Port, Seychelles
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

Licensed Entity:PXBT Trading Ltd

License No. SD162

VPS Standard
No restriction on the broker account

Single Core

1G

40G

1M*ADSL

WikiFX Risk Alerts
2025-06-22
  • The Seychelles FSA regulation with license number: SD162 is an offshore regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Seychelles
Operating Period
2-5 years
Company Name
PXBT Trading Ltd
Abbreviation
PXBT
Company employee
--
Customer Service Email Address
help@pxbt.com
Contact Number
+2484226278
Company Website
Company address
IMAD Complex, Office 3, Ile Du Port, Seychelles
Keywords 7
2-5 years
Regulated in Seychelles
Retail Forex License
MT5 Full License
Regional Brokers
Medium potential risk
Offshore Regulated

FX5142370072

Unverified

Thailand

I have been withdrawing money for a long time, but the amount of money mentioned is accused of violating the terms and conditions without any evidence of wrongdoing. It is only based on speculation that we have done something wrong. And still unable to contact the broker's support, it's very bad, like an automated response. When we ask the manager in Thailand, he just replied that it's already been done. Every time, we have to wait for the foreign side, not knowing if they are working together. It has been like this for weeks, which is all the money I have. And now, there is no money left. But the broker takes advantage of this and claims that when we make a profit, they don't allow withdrawals, citing this and that. In the end, they will keep the matter quiet. As for me, I have taken legal action against all parties involved, which is a case of fraud and misregistration of the company type. And there is also an illegal solicitation of investment. I will pursue this matter to the end. If I don't receive a full refund, I will not let it go.

Exposure

2024-09-09

FX1601587045

Unverified

Vietnam

Why didn't my withdrawal order be approved? How many days have passed?

Exposure

2024-09-09

FX1208307242

Unverified

Vietnam

Please approve my withdrawal order, is this exchange a scam?

Exposure

2024-09-09

SomsakKittisak

Unverified

Thailand

I must admit the platform ain't that bad, heard about it for a while now but was hesitant to try it out. But man, the withdrawal process, was fast and easy using binance pay, it takes some getting used to but I reached out to support and they were really helpful

Positive

06-09

BVlok

Unverified

South Africa

Even though I've traded on the forex market for a while, I have never had any experience with automated trades. So I was interested in that and got in touch with the support team. Ya know I didn't expect them to be so invested and loyal. They explained how I can take advantage of it and send all the necessary information with detailed steps. So far I'm using automated trades. :)

Positive

05-29

AnurakChaiyasit

Unverified

Thailand

The MT4 was a simple and safe choice for me but i liked the conditions this broker offers on some of the assets i trade like the currency pairs, Gold and natural gas!

Positive

05-12

VusiNdlovu

Unverified

South Africa

This memecoin is lit!! I think financing rate for long positions could be lower. imho

Positive

05-05

PreechaSaengchan

Unverified

Thailand

Their financing interest rate is good, but the transaction fees are very low, starting from 0.05%.

Positive

04-30

FidelTesoro

Unverified

Mexico

My account setup was very easy and as soon as I did. I explored and found out they have just the right amount of resources and it has been really helpful. The payment on the other hand is okay but then there are some ffes that just seem too much to be charged for

Neutral

04-28

Luis Hernández

Unverified

Mexico

Actually interesting that you'd expect only crypto education. But here you go, stocks as well, pretty good :)

Positive

04-24

CarlosRosales

Unverified

Mexico

-very nice interface -very easy to sign up -24/7 customer support There's a whole lot

Positive

04-21

KhaiDucThinh

Unverified

Vietnam

0% commission for traditional assets, and only 0.05% for crypto!!

Positive

04-08

Syafiq Rahman

Unverified

Malaysia

I have only contacted them 3 times since I started using this platform and it’s been 1 year, that is to show that they are afoot with their services… I have also seen countless 100’s of reviews on their service.

Positive

03-29

SibusisoZulu

Unverified

South Africa

Maybe it lacks in certain aspects, but the costs are really really low

Neutral

03-22

RahulChatterjee

Unverified

India

The reason for choosing PrimeXBT as a platform for trading among many others is the liquidity... They provide high liquidity on many crypto currencies and especially altcoins and memecoins with low capitalization. Whenever I open positions, I never encounter serious slippage, perhaps only a few points. Additionally, trading is very cost-efficient here.

Positive

03-11

SibusisoMthembu

Unverified

South Africa

4 months on demo acct to perfect strategies before going live is a boost!

Positive

03-05

nico_vermaak15

Unverified

South Africa

Some may be skeptical towards what they offer, like it may seem that it's not much. However, if you are into high paced trading: - Forex - Indexes - Commodities These are really what you need if you a trader. For reference, forex is stil lthe biggest market, and its super volatile. If you have a good strat, same works with gold, you can creaete good profit👌

Positive

02-28

FX2709623489

Unverified

Mexico

It`s hard to find a service that offers trading crypto futures. Conditions are good, variety is pretty impressive, so no reasons to stop trading there, maybe🤷‍♂️🤔

Positive

02-18

ThulaniDube

Unverified

South Africa

an efficient fx and cfd broker, one of my preferred brokers. You trade on a mt5 account and this is protected according to the FSA’s guidelines. Still, there is no mt4…

Neutral

02-13

Muhammad_hafiz

Unverified

Malaysia

Not going to lie primexbt is shining bright right now on the crypto market. I heard a lot about them, they provide nice services even though not all people get along with spreads.😏

Positive

02-06

NeoDlamini

Unverified

South Africa

100 markets here, what else I need I don’t know. I’m enjoying my experience here...

Positive

02-04

ManuelSalgado

Unverified

Mexico

I like how many cryptos are available for deposits and withdrawals. Mainly I deposit and withdraw funds via 1inch cryptocurrency and it’s very convenient. No hidden commissions.

Positive

01-31

EmilioMelero

Unverified

Mexico

This leverage on bitcoin is crazy but i’m very careful with that. Made 50$ bucks.

Positive

01-31

33
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Website

pxbt.com
75.2.60.5
Server Location
United States
ICP registration
--
Most visited countries/areas
--
Domain Effective Date
2006-01-17
Website
WHOIS.ENAME.COM
Company
ENAME TECHNOLOGY CO., LTD.

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Company Summary

PXBT Review Summary
Founded2006
Registered Country/RegionSeychelles
RegulationFSA (Offshore regulated)
Market InstrumentsForex, indices, commodities, shares
Demo Account
SpreadFrom 0.1 pips
LeverageUp to 1000x
Trading PlatformMT5
Minimum Deposit/
Customer SupportLive chat
Tel: +248 4 226 278
Email: info@pxbt.com; help@pxbt.com
Social platforms: Facebook, Instagram, Twitter
Address: IMAD Complex, Office 3, Ile Du Port, Seychelles
Registered Address: Providence Complex, First Floor, Office B11, Providence, Mahe, Seychelles
Principal office: Providence Complex, First Floor, Office B11, Providence, Mahe, Seychelles
Restricted RegionsAfghanistan, American Samoa, Belarus, Canada, Cuba, Democratic Republic of Congo, European Economic Area, Guam, Haiti, Iran, Iraq, Israel, Japan, Libya, Mali, Marshall Islands, Mozambique, Myanmar, New Zealand, North Korea, Northern Mariana Islands, Palestine, Puerto Rico, Russian Federation, Somalia, South Sudan, St. Lucia, Sudan, Syria, Turkey, U.S. Virgin Islands, United Kingdom, United States, United States Minor Outlying Islands, Yeme, Crimea, Donetsk People's Republic, Gaza Strip, Zaporizhzhia and Kherson, Luhansk People's Republic

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.

PXBT's homepage

Pros and Cons

Pros Cons
Demo accountsOffshore FSA regulation
MT5 platformsLimited info on trading conditions
Tight starting spreads
Live chat support

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 CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.
FSAOffshore regulatedPXBT Trading LtdRetail Forex LicenseSD162
Offshore regulated by FSA

What Can I Trade on PXBT?

Trading InstrumentsSupported
Forex
Indices
Commodities
Shares
Cryptocurrencies
Bonds
Options
ETFs
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.

Trading conditions

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.

Trading PlatformSupported Available Devices Suitable for
MT5Web/Windows/Mobile phones/MacExperienced traders
MT4/Beginners
MT5 platform

Keywords

  • 2-5 years
  • Regulated in Seychelles
  • Retail Forex License
  • MT5 Full License
  • Regional Brokers
  • Medium potential risk
  • Offshore Regulated

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