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PXBT -

Score

5.32 /10
Average

PXBT

Seychelles

2-5 years

Regulated in Seychelles

Retail Forex License

MT5 Full License

Regional Brokers

Medium potential risk

Offshore Regulated

https://pxbt.com

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Comparison

Quantity 4

Exposure

Time Machine
Website

Score

Regulatory Index3.92

Business Index5.53

Risk Management Index8.22

Software Index8.44

License Index3.92

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

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

PXBT Trading Ltd

Company Abbreviation

PXBT

Platform registered country and region

Seychelles

Company website

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Company summary

Pyramid scheme complaint

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WikiFX Risk Alerts 2
Previous Detection : 2025-07-03
  • The Seychelles FSA regulation with license number: SD162 is an offshore regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 4 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Verification

Exposure

4 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Help me !!

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

FX1208307242
2024-09-09 19:56
Unable to Withdraw

cannot withdraw

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

FX1601587045
2024-09-09 20:03
Unable to Withdraw

Scam broker

This is a scam broker, they dont let me withdraw my money. Please stay away.

john9329
2024-09-09 15:27
Unable to Withdraw

I have withdrawn money for about 1 week, but the money has not been credited.

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.

FX5142370072
2024-09-09 23:47
PXBT · 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
MT5✔Web/Windows/Mobile phones/MacExperienced traders
MT4❌/Beginners
MT5 platform

User Reviews

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User comment

36

Comments

Write a review

NattapongWorasit
0-3months
Spreads start from 0.1 and support available 24/7
Spreads start from 0.1 and support available 24/7
Translate to English
2025-07-01 19:07
Reply
0
0
SomsakKittisak
0-3months
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
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
Translate to English
2025-06-09 18:56
Reply
0
0
4