PrimeXBT Review in 2025

Written by Miro Nikolov

Miro Nikolov

Miro Nikolov is the co-founder of TradingPedia.com and BestBrokers.com. His mission is to help people make profitable investments by giving them access to educational resources and analytics tools.

, | Updated: November 5, 2025

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• Jump to:
• Regulations
• Trading Instruments
• Trading Platforms
• Payment Methods
• Account Types
• Support
• Conclusion
›

PrimeXBT is a multi-asset margin trading broker that went live in 2018 and focuses on high-leverage contracts for difference (CFDs) on forex, indices, commodities and cryptocurrencies. The firm offers a proprietary web platform, native iOS/Android apps and a short-term options product called Turbo. Copy trading is available through the built-in Covesting module.

The broker operates a single live margin account with a crypto-denominated wallet structure. Minimum deposit requirements are not stated, although the onboarding flow requests at least the network fee for a first crypto transfer. Maximum leverage advertised is 1:1,000 for some instruments, a level that can amplify both gains and losses significantly. PrimeXBT states that client funds are kept in multisignature cold wallets and that negative balance protection applies, but it offers no statutory investor compensation scheme.

Regulations

PrimeXBT lists one legal entity in its Terms of Service: PrimeXBT Trading Services LLC, company number 222 LLC 2019, incorporated in Saint Vincent and the Grenadines. The entity gives a registered address at First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown. The Financial Services Authority of Saint Vincent does not supervise or license CFD brokers, so the firm currently operates without prudential oversight, conduct supervision or mandatory compensation coverage.

No additional regulated subsidiaries are mentioned on the website, nor does the brand appear on major registers such as the FCA (UK), CySEC (Cyprus) or ASIC (Australia). Independent checks of those registers on 2 September 2025 returned no matching entries.

PrimeXBT’s User Agreement states that it does not provide services to residents of the United States, Canada, Japan, North Korea, Sudan, Syria or any jurisdiction where such services would be contrary to local law. The broker does not list the complete country exclusion list publicly, so prospective clients must rely on the onboarding filter.

The firm claims to hold client crypto assets in segregated cold storage with a hot-wallet float for day-to-day withdrawals. It also refers users to an internal complaints mailbox; no external dispute resolution body is named. Negative balance protection is stated, but there is no reference to an investor compensation fund.

Trading platforms

Platforms	PC / MAC	Smartphones	Tablets
Proprietary

Trading Information
Trading Platforms	MetaTrader 5, Proprietary Mobile, Proprietary Web
Demo Account
Hedging
Scalping
US Traders
Arabic Traders

PrimeXBT relies on proprietary technology rather than third-party suites such as MetaTrader or cTrader. The main WebTrader works inside any modern browser, while native apps are available for iOS and Android. A separate Turbo interface lets users speculate on ultra-short price moves (30 seconds to 15 minutes) using fixed-payout contracts. Copy trading is delivered through the Covesting module, which allows followers to allocate capital to strategy managers inside the same trading account. VPS hosting, MAM/PAMM and algorithmic API access are not advertised.

PrimeXBT WebTrader

The HTML5 web terminal combines charting by TradingView with up to five orders per ticket: market, limit, stop, protection (linked SL/TP) and OCO. Traders can detach charts, apply dozens of indicators and save templates in the browser. Position management is integrated via a unified margin dashboard that shows available balance, used margin and liquidation price in real time. All instruments offered by the broker are tradable from the same interface, and leverage can be reduced manually before order placement.

Order execution is market-maker style with aggregated liquidity from unnamed providers. Average latency is not disclosed, though the broker claims “ultra-fast execution” in its marketing. Advanced functions such as one-click trading and depth of market are available, but automated strategies are not supported on WebTrader.

PrimeXBT mobile app

The app mirrors the web experience with native navigation for smartphones and tablets. Charts offer the same indicator set, and orders can be placed with a single tap. Push notifications cover fills, margin calls and price alerts. Biometric login (Face ID/Touch ID) is supported. The mobile wallet lets users initiate crypto deposits and withdrawals without logging in on desktop, although Turbo contracts are currently unavailable in the app.

Turbo

Turbo is a binary-style product that pays a fixed return if the market closes above or below the strike after 30 seconds, 1 minute, 5 minutes or 15 minutes. Traders select the direction, stake size and duration; pay-offs are displayed before confirmation. The interface is simplified and runs in a separate tab inside WebTrader. Turbo positions are funded from the same account balance but are ring-fenced from CFD margin. Losses are limited to the premium paid, yet the product is high-risk due to its rapid expiry and payout structure.

Covesting copy trading

Covesting appears as an extra tab where strategy managers publish results and followers allocate funds. Performance metrics include equity curve, daily return and drawdown, while the risk score is calculated from leverage and activity. Managers receive up to 20% success fee, deducted automatically. Followers can exit a strategy at any time and set an equity stop that liquidates their allocation if losses hit a specified level. Covesting runs only on live accounts; no demo replication is offered.

Payment methods

PrimeXBT is a crypto-centric broker. Public pages list Bitcoin (BTC), Ethereum (ETH), Tether (USDT-ERC20 & TRC20) and USD Coin (USDC-ERC20) as base account currencies and funding options. Fiat deposits are possible indirectly via a third-party on-ramp (Simplex, Banxa or Mercuryo, depending on region) that exchanges card or bank transfer payments into crypto before crediting the trading wallet. The broker does not disclose a minimum deposit, but the on-ramp imposes its own limits (typically $50–$200 equivalent).

Crypto deposits are credited after one network confirmation for BTC and 12 confirmations for ETH/ERC-20 tokens, which usually takes 10–30 minutes. PrimeXBT does not charge deposit fees, though blockchain miners and fiat on-ramp providers levy their own charges.

Withdrawals must be made in the same currency as the deposit. BTC withdrawals are processed once per day at 12:00 UTC, and a flat network fee (displayed in the cashier) is deducted. ERC-20 and TRC-20 tokens follow the same once-daily batch, while internal transfers between PrimeXBT accounts are instant and free.

The broker supports only the base currencies listed above; there are no multi-currency sub-accounts. Clients whose domestic currency differs from their chosen wallet should factor in FX conversion costs when buying crypto externally. Standard KYC (photo ID, proof of residence, selfie) is required before first withdrawal.

• Deposit
• Withdrawal

Brand	Minimum	Fees	Processing Time
	$50 equivalent	4–5% charged by provider	Instant on approval
	$50 equivalent	4–5% charged by provider	Instant on approval
	Not disclosed	None (network fee payable by sender)	1 network confirmation (≈10–30 min)

Brand	Minimum	Fees	Processing Time
	$30	5% of the withdrawal amount	up to 24 hours
	$30	5% of the withdrawal amount	up to 24 hours
	0.001 BTC	Flat network fee (displayed in cashier)	Once-daily batch at 12:00 UTC

Account types

PrimeXBT keeps the structure simple with one live Margin account and an optional Demo account. Pricing is spread-only: major forex pairs start from 0.1 pip, BTC/USD from $20 and indices from 0.5 points, although the broker warns that spreads can widen in volatile markets. Commissions are fixed at 0.05% per side for crypto CFDs and 0.001% for forex, commodities and indices. Maximum leverage depends on the instrument, reaching up to 1:1,000 for forex and 1:200 for BTC/USD. Swap-free or Islamic conditions are not mentioned.

Leverage can be reduced manually, and the platform includes a slider to preview liquidation price. A maintenance margin of 50% triggers an automatic close-out. Corporate accounts are not advertised, and there is no tiered VIP structure.

Margin account

Opening a margin account requires only an email and password, after which users receive unique crypto deposit addresses. The account supports all products and platform features, including Turbo and Covesting. Because balance is held in crypto, profit and loss are also denominated in crypto, exposing users to underlying currency volatility even when trading non-crypto instruments.

The account charges overnight financing on leveraged CFD positions; the rate varies by symbol and is posted in the information box inside WebTrader. Turbo contracts do not incur swaps. Suitability is geared towards experienced traders comfortable with crypto collateral and high leverage.

Demo account

The demo mirrors the live WebTrader with 10 BTC of virtual funds by default. Users can reset the balance once it falls below 1 BTC, and multiple demos are allowed per email. Market data feed and spreads replicate the live environment, but Turbo and Covesting modules are disabled. The demo never expires, making it useful for platform practice but less suitable for testing copy trading or short-term options strategies.

Support

PrimeXBT offers 24/7 live chat via Intercom on both the website and in-platform window. Response times in testing averaged under two minutes during European daytime. Email support is available at support@primexbt.com with typical replies in 4-6 hours. No telephone line or callback service is provided.

A searchable Help Centre covers account setup, trading rules and technical troubleshooting, though articles are brief and rely on screenshots rather than video guides. The chatbot handles basic queries before escalating to a human agent. Languages listed are English, Spanish, Russian, Korean and Chinese, but depth varies by article.

Conclusion

PrimeXBT delivers a slick proprietary platform, deep leverage and an integrated copy-trading marketplace, all funded through mainstream cryptocurrencies. The single-account model removes complexity and offers tight commissions on non-crypto CFDs.

The main drawback is the lack of regulatory supervision and statutory investor compensation, which may concern traders prioritising robust safeguards. Fiat funding is indirect and subject to third-party fees, and platform automation options are limited compared with MetaTrader brokers. Overall, PrimeXBT suits experienced crypto-savvy traders comfortable with offshore oversight who want to trade multiple asset classes from one crypto-collateral account.