Basic Information
Registered Region 
South Africa
South AfricaOperating Period
5-10 years
Company Name
PrimeXBT (PTY) LTD
Abbreviation
PrimeXBT
Company employee
--
Customer Service Email Address
info@primexbt.com
Company Website
Company Address
180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa
Facebook
Keywords 11
5-10 years
Regulated in South Africa
Regulated in Saint Lucia
Financial Service Corporate
Business Registration
MT5 Full License
Self-developed
Global Business
Suspicious Overrun
Medium potential risk
Offshore Regulated
Healer9525
France
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
Exposure
FX3924393663
Malaysia
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!
Exposure
FX3184846382
Indonesia
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 While trading, the bonus was suddenly withdrawn and shortly after, my account suffered from negative floating.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.!!
Exposure
Salehi3754
Pakistan
its very interesting whant happened here with Ethena on 10/10, when crypto crashed this month. It went from 0.45 to 0.13. For some reason it didnt happen with ETH or any other coin. This is the only coin that fully tracks the price action from Binance and such, on Primexbt.
Positive
RahulSharma
India
after Binance had the crazy wick, huge crash, and Hyperliquid was also proven unstable, moved here. You can see that ETH barely dipped here, there was no $2k price like on Binance. It went just to $3400, so actually this broker held MUCH better! I think trading is a bit cheaper here too, although it isnt on chain. But out of the ones I checked, this one held the best during the crash, so I think its best to be here.
Positive
tatgia
Vietnam
It’s quite strange to see how they offer crypto futures and CFDs at the same time, and to my surprise here I could even trade commodities. For instance, recently I traded gold since it was in a bullish trend, I stacked a nice bundle. However, I cannot say the spreads were tightest because as I understand they primarily focused on providing more favourable conditions for crypto futures.
Neutral
Mithuro
Singapore
PrimeXBT tHIS cryptoexchange definitely surprised me by offering low commissions on: -taker -and maker orders If I’m not mistaken, other top-tier crypto exchanges charge much higher and even people with a small deposit feel those painful trading-costs, here? I slightly feel how I lose a lil bit on commissions but overall it’s pretty low as I said before. The variety of instruments that they offer here is deep, here I can trade DeFi, L2, Memes, BTC and ETH.
Positive
KadriliOmongunare
South Africa
This platform brings varietyyy for trading, the list of indicators is very big. I don’t use all of them though, only EMA200 for now as it’s reliable, but if I want I can always turn on bollinger bands, macd, rsi and others… The design is customizable, but the default dark is just what I need frr! But what I like it for is the easy opening positions and scaling trade as it goes in my favour.
Positive
SyedZulfadli
Malaysia
Trading costs is one the best I’ve seen so far at any broker. But why my vip1 status has better discount on crypto futures than CFDs What a discrimination?
Positive
KharyOlanrewaju
South Africa
Believe me, USDT account is much better than BTC in terms of calculation and numbers.
Positive
HengDou
Malaysia
the broker has separate crypto futures mode that has appealing conditions to trade crypto assets , low maker takes fees for example and sufficient leverage. BTC, ether and solana are the ones my focus is on, especially ether...well done for this. Trading here never led me to question the broker... As for CFDs trading, on fx currencies, spreads can be lower I think...
Positive
ShaneZondo
South Africa
Look at these mega performing tech stocks. Now go and check the powerful charge upwards by palantri stock. In 2024 it went considerably and rn I think it is in accomodation phase with a good potential to continue its upward trend. I have traded the stcok in and out catching some phases of the move. The swaps from the broker didnt result in significant fees, especially if you ride trend like that of pltr. I suggest u to look at the tech stocks, some have potential
Neutral
MarleySanford
Singapore
I am new to trading but the platform seems to have nice conditions, was able to buy some eth with the low spreads and fees
Positive
TaoZhiqiang
Malaysia
No judgement please, I was a bit new with all that crypto stuff... and I had to set up a wallet to deposit and be able to get withdarwals, it took me awhile, but I think I know it all now. Idk why the have so many crypto options, but I guess crypto is the future and avoiding it not wise. trading crypto futures here as well, getting used to them,.
Positive
SamirShanker
India
Has excellent reputation already, even thogh it is a relatively new trading platform… it’s one of the few cryptotrading places which are a regulated platform too
Positive
NikhilSinha
India
PrimeXBT’s been solid for me overall... the platform has more than 100 assets to trade, and with leverage going up to 100x for crypto, it gives a lot of options. I tried about 5 different order types and so far no major glitches. Definitely some room to improve the UI responsiveness on mobile though.
Positive
DanielTan
Singapore
Trading in this platform gives much more opportunities and not just with crypto… it’s truly amazing.
Positive
TylerMabaso
South Africa
This is quite a good trading platform if you want to grow your crypto portfolio. Excellent trading terms, and low entry threshold. You can start with whatever you feel comfortable with
Positive
HamzaMahmood
Pakistan
They don’t have one, but whole four regulations right away, ofc they reliable!
Positive
DevrajMishra
Spain
Got paid out to my wallet... took a bit longer than I thought but it's okay I guess... not gonna complain... still better than many others.
Positive
ApisitPhromraksa
Thailand
Trading is so much fun these days, I found a good platform and recently made a profit from Ethereum. I saw the price surge from $2610 to around $2790. Lucky to hold a Long position, but the funding rate is expensive, had to hold it for many days. Got hit with high fees. 😓
Neutral