Newsletter
Summary
PrimeXBT operates as a regulated exchange from Seychelles, where it was founded in October 2018. In its 7 years of operation, the exchange has expanded to over 150 countries worldwide and serves more than one million professional traders. Its service coverage has also expanded during this time. PrimeXBT connects crypto and traditional markets through a wide range of support for trading and investment products. It supports hundreds of crypto assets in addition to traditional assets.
Traditional assets supported on the platform include company stocks and commodities. PrimeXBT allows investors an unlimited option in terms of investment options and trading methods. It also offers considerably low trading fees and discounts.
Users can deposit fiat and any of the supported assets to trade on the platform. Traders and Investors can also access the platform from their mobile devices thanks to the PrimeXBT mobile application.
Operational Licensing and Restrictions
PrimeXBT is licensed to operate in South Africa, Seychelles, and El Salvador.Traders and investors from the following regions are restricted from using PrimeXBT: The United States of America, Japan, Canada, Cuba, Israel, Iran, New Zealand, Syria, North Korea, Ukraine (including Crimea), Russia, Afghanistan, Myanmar, Saint Lucia, Puerto Rico, Guam, the US Virgin Islands, and the Northern Mariana Islands.
Features of PrimeXBT
Here are the major features of the PrimeXBT exchange
Crypto Trading
USDT pairs of hundreds of crypto assets are tradable on PrimeXBT. You can trade these assets on the derivatives trading platform. PrimeXBT offers up to 500X leverage for crypto derivative trading. Note that PrimeXBT only supports derivatives trading for crypto at the time of writing.
In addition to the USDT pairing, crypto assets on PrimeXBT are also paired with commodities like Gold (XAU) and Silver (XAG). This way, it creates a connection between traditional and crypto assets.
Supported Crypto assets: PrimeXBT supports up to 140 crypto assets on its trading platform. Supported assets include Bitcoin, Ethereum, XRP, SOL, memecoins, AI tokens, other Layer-1 and Layer-2 project tokens, and more.
Traditional Asset Trading
PrimeXBT offers CFD (Contract for Difference) trading services for traditional investment products. Mainstream assets that can be traded on the platform include;
Stocks: You can trade shares of popular US and global companies on PrimeXBT. about 19 company shares are tradable on the platform. Top company shares available on PrimeXBT include Nvidia (NVDA), Apple (AAPL), Amazon (AMZN), Alphabet (GOOG), Tesla (TSLA), Microsoft (MSFT), and more.
Stock Indices: Stock indices are also tradable on PrimeXBT. Stock indices allow investors to speculate on the performance of a group of company stocks. 19 stock indices are tradable on PrimeXBT at the time of writing.
They include
- US indices like S&P 500, DOWJ, and NASDAQ.
- European Indices like UK100, GER30, and EUR50
- Asian Indices like JAPAN, GERTEC, and CHINAH
Forex: PrimeXBT offers more than 90 forex pairs, including popular ones like EUR/USD, USD/JPY, GBP/USD, and CAD/USD
Commodities: PrimeXBT supports trading for over 40 commodities. Supported commodities include precious metals (gold and silver), Energy and Agricultural products (crude oil, cocoa, natural gas).
Web and Mobile trading
PrimeXBT is available on the Web and mobile. The Web trading platform can be accessed via web browsers. According to PrimeXBT, the web platform delivers a professional trading experience that combines speed, flexibility, and advanced functionality.
Mobile trading is possible via the PrimeXBT mobile application. The application serves traders who enjoy the comfort of trading and managing their assets on their mobile devices. The application is Android and iOS operating systems. You can download the PrimeXBT mobile application from your device’s App Store and trade on the go.
The full PrimeXBT experience is available on Mobile and web. Users can access crypto futures trading and CFDs on forex, commodities, indices, and shares. Both trading platforms have integrated features that improve the overall trading experience.
Professional Trading experience
PrimeXBT offers professional trading experience via a combination of several features and services on the trading platform. The trading interface is adjusted for a good user experience for futures and CFD traders. Some of the features include
Diverse trading options
PrimeXBT is the everything market. You can gain exposure to crypto and traditional markets on the platform. The crypto futures markets serve investors who want to trade crypto. Traditional investors who are conversant with CFD trading can easily wager on commodities, stocks, and stock indices using PXTrader. MetaTrader5 is also integrated on PrimeXBT for forex traders.
Professional Trading Tools
PrimeXBT employs gilt-edge trading tools on its platform. The trading interface features stop loss and take profit functions, and features that leverage, forex and CFD traders can use to manage their position(s). In addition to a comprehensive trading interface, it integrates third-party trading tools. This enables traders to implement their strategies easily. Price charts on PrimeXBT are provided by TradingView.
Multi-currency settlement
A wide range of settlement options is available for PrimeXBT users who wish to withdraw their profits or capital. Settlement options include BTC, ETH, USDT, USDC, and USD (fiat).
Secondary Features.
Some noteworthy additional features on PrimeXBT include
Demo Accounts: PrimeXBT provides free Demo accounts for users to test their strategies before deploying them on the proper trading platform. Demo accounts allow users to refine their trading skills in a risk-free environment. It aims to improve profitability and reduce losses due to errors.
Reward Center, referral, and affiliate program: Users on PrimeXBT can earn through several income programs on the platform. This includes the Reward Center, where users can earn bonuses and cashback on fees by trading on the platform or completing specific tasks.
You can also earn on PrimeXBT by referring users to the platform through the affiliate and referral programs. Affiliates can earn up to 50% of the revenue generated by people they introduce to the platform.
User Experience
Supported Cryptocurrencies
Trading Fees
User Security
Licensing
Mobile App
4.3
(Overall Rating)
PrimeXBT’s Features
| Number of supported assets | Over 320 assets |
| Types of Supported Assets | Crypto, Commodities, Indices, shares |
| Trading Fees | 0 to 0.045% of traded volume |
| Deposit and Withdrawals | Fiat, crypto, and commodity deposits are available |
| Trading Forms | Spot, Futures, CFDs |
| KYC Verification | Compulsory |
Trading Fees
Here is the trading fee structure for supported products on PrimeXBT
| Asset | Trading fee |
| Crypto | 0.01% maker fees and 0.045% taker fees. Fee discounts apply to top traders on the platforms. |
| Stocks | Variable spread, zero commissions. |
| Forex | Variable spread, zero commissions. |
How does PrimeXBT protect its customers?
PrimeXBT has a decent security record. Since its launch in 2018, the exchange has not recorded a hack incident. This is how PrimeXBT protects its users and their capital.
Account and Platform Security
Security features like 2-Factor Authentication and user passwords are used to protect user accounts on the platform. Withdrawals go through email and 2FA verifications.
Users are advised to whitelist their withdrawal address to enable multi-level verifications and protect themselves from unauthorized withdrawals.
User deposit protection
Crypto assets deposited on the platform are safeguarded in a Cold wallet. According to PrimeXBT, it augments cold storage security with multi-signature authorization. Asset movements from the Cold storage go through multiple approvals before they are executed.
PrimeXBT compensation fund
PrimeXBT is a member of the Financial Commission. The financial commission is an independent organization responsible for settling financial disputes between clients and finance firms. Due to their membership, users on PrimeXBT are eligible for up to $20,000 in compensation for an eligible complaint. Learn more about the compensation fund.
- PrimeXBT supports a variety of investment products. Users can easily explore opportunities in traditional and crypto markets.
- PrimeXBT features professional trading tools and demo accounts to improve user experience and profitability.
- The platform interface is intuitive.
- Users can make deposits and withdrawals in crypto and fiat.
- Trading fees are considerably low. It also charges no commission on CFD and forex trades.
- PrimeXBT is a licensed operator and abides by regulatory policies.
- PrimeXBT is not available in the US and Canada. It is also restricted in several other regions.
- It does not offer spot trading for crypto.
- Some payment methods for deposits and withdrawals may be restricted in some regions.
