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Score
South Africa
Regulated in South Africa
Financial Service Corporate
MT5 Full License
Global Business
Suspicious Overrun
Medium potential risk
Influence
Add brokers
Comparison
Quantity 1
Exposure
Score
Regulatory Index3.51
Business Index7.33
Risk Management Index0.00
Software Index9.00
License Index3.51
Single Core
1G
40G
More
Company Name
PrimeXBT (PTY) LTD
Company Abbreviation
PrimeXBT
Platform registered country and region
South Africa
Company website
X
YouTube
Company summary
Pyramid scheme complaint
Expose
Company Name | PrimeXBT |
Founded Year | 2018 |
Registered Country | Saint Lucia |
Regulatory Authorities | FSCA and FSRA |
Fees | Zero commission |
Trading Assets | 350+, including crypto futures, CFDs on FX, Commodities, Indices, Stocks |
Minimum Deposit | $10 |
Maximum Leverage | 1:1000 |
Trading Platforms | PrimeXBT WebTrader, MetaTrader 5, PrimeXBT App |
Minimum Spread | 0.1 pips (CFD trading) |
Contact Methods | support@help.primexbt.com,live chat |
PrimeXBT is a regulated multi-asset trading platform offering CFDs, forex, indices, stocks, and commodities with zero commission and tight spreads starting at 0.1 pips. Licensed by South Africa's FSCA and Saint Lucia's FSRA, it supports flexible deposits from $10, multi-platform access including WebTrader, MetaTrader 5, and mobile app.
Regulatory Agency | Current Status | License Type | Regulated By | License No. |
Financial Sector Conduct Authority | Exceeded | Financial Service Corporate | South Africa | 45697 |
The Financial Services Regulatory Authority | Offshore Regulated | Business Registration | Saint Lucia | 2024-00343 |
Pros | Cons |
Regulated | High leverage up to 1:1000 |
MT5 provided | Withdrawals fees up to 1% |
Multiple Assets | |
Minimum Deposit starting from $10 | |
Demo Account Available |
Assets | Available |
Crypto Futures | ✅ |
Forex | ✅ |
Indices | ✅ |
Commodities | ✅ |
Stocks | ✅ |
CFD's on Forex | ✅ |
CFD's on Crypto | ✅ |
CFD's on Commodities | ✅ |
CFD's on Indices | ✅ |
Spreads and overnight fees are key cost factors; calculate based on trading instruments and holding periods. Withdrawal fees vary by payment method (e.g., bank transfer, crypto wallet). All account operations are free, ideal for beginners and active traders.
Category | Item | Fees |
Trading Fees | Spread | No commission, spreads as low as 0.1 pips (for CFD trading). |
Deposit & Withdrawal Fees | Minimum Deposit | $10 minimum deposit required. |
Deposit Fee | No charges | |
Withdrawal Fee | Up to 1% | |
Account Fees | Account Setup Fee | Free account creation |
Account Maintenance Fee | No charges for account maintenance. | |
Demo Account | Free risk-free practice environment. |
Trading Platform | Devices | Features & Benefits |
PrimeXBT WebTrader | Web-based trading (no download) | - Fully customizable interface- Advanced charts & analytical tools- Multi-device access- Fast execution |
MetaTrader 5 | Traditional PC trading (Forex/CFDs) | - Supports Expert Advisors (EAs)- Multi-timeframe chart analysis- Diverse order types- Inherits MT4 user base |
PrimeXBT App | Mobile trading (Android/iOS) | - Real-time market timing tools- Powerful chart analysis- Instant order execution- Cross-platform sync |
PrimeXBT offers instant deposits and withdrawals with over 100 payment methods, including Visa, Mastercard, Skrill, Neteller, Standard Bank, Binance Pay, and more.
PrimeXBT launches stock CFDs on MetaTrader 5, offering shares of major U.S. companies with crypto or USD margin for enhanced multi-asset trading.
PrimeXBT introduces stock CFDs, allowing trading of major US stocks like Amazon, Tesla, and MicroStrategy with crypto or fiat margin options.
A popular trading platform, PrimeXBT has recently received a license from the Financial Sector Conduct Authority (FSCA) to officially start trading in South Africa.
In today’s article, WikiFX will explore PrimeXBT in depth, examining its features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service, to help you make an informed decision on whether or not to use this platform.
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