Score

4.41 /10
Average

PrimeXBT

South Africa

5-10 years

Regulated in South Africa

Financial Service Corporate

MT5 Full License

Global Business

Suspicious Overrun

Medium potential risk

A

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Comparison

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Score

Regulatory Index3.51

Business Index7.33

Risk Management Index0.00

Software Index9.00

License Index3.51

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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

PrimeXBT (PTY) LTD

Company Abbreviation

PrimeXBT

Platform registered country and region

South Africa

Company website

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Company summary

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WikiFX Risk Alerts
Previous Detection : 2025-06-29
  • This broker exceeds the business scope regulated by South Africa FSCA(license number: 45697)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

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Pyramid scheme complaint
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PrimeXBT · Company summary
Company NamePrimeXBT
Founded Year2018
Registered CountrySaint Lucia
Regulatory AuthoritiesFSCA and FSRA
FeesZero commission
Trading Assets350+, including crypto futures, CFDs on FX, Commodities, Indices, Stocks
Minimum Deposit$10
Maximum Leverage1:1000
Trading PlatformsPrimeXBT WebTrader, MetaTrader 5, PrimeXBT App
Minimum Spread0.1 pips (CFD trading)
Contact Methodssupport@help.primexbt.com,live chat

PrimeXBT Information

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.

Overview of PrimeXBT

Regulatory Status

Regulatory AgencyCurrent StatusLicense TypeRegulated ByLicense No.
Financial Sector Conduct AuthorityExceededFinancial Service CorporateSouth Africa45697
The Financial Services Regulatory AuthorityOffshore RegulatedBusiness RegistrationSaint Lucia2024-00343
Regulatory Status
Regulatory Status

Pros and Cons

ProsCons
RegulatedHigh leverage up to 1:1000
MT5 providedWithdrawals fees up to 1%
Multiple Assets
Minimum Deposit starting from $10
Demo Account Available

Market Instruments

AssetsAvailable
Crypto Futures
Forex
Indices
Commodities
Stocks
CFD's on Forex
CFD's on Crypto
CFD's on Commodities
CFD's on Indices
Market Instruments

Fees

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.

CategoryItemFees
Trading FeesSpreadNo commission, spreads as low as 0.1 pips (for CFD trading).
Deposit & Withdrawal FeesMinimum Deposit$10 minimum deposit required.
Deposit FeeNo charges
Withdrawal FeeUp to 1%
Account FeesAccount Setup FeeFree account creation
Account Maintenance FeeNo charges for account maintenance.
Demo AccountFree risk-free practice environment.

Trading Platform

Trading PlatformDevicesFeatures & Benefits
PrimeXBT WebTraderWeb-based trading (no download)- Fully customizable interface- Advanced charts & analytical tools- Multi-device access- Fast execution
MetaTrader 5Traditional PC trading (Forex/CFDs)- Supports Expert Advisors (EAs)- Multi-timeframe chart analysis- Diverse order types- Inherits MT4 user base
PrimeXBT AppMobile trading (Android/iOS)- Real-time market timing tools- Powerful chart analysis- Instant order execution- Cross-platform sync
Trading Platform

Deposit & Withdrawal

PrimeXBT offers instant deposits and withdrawals with over 100 payment methods, including Visa, Mastercard, Skrill, Neteller, Standard Bank, Binance Pay, and more.

Deposit & Withdrawal

News

NewsPrimeXBT Expands Trading Options with Stock CFDs on MT5

PrimeXBT launches stock CFDs on MetaTrader 5, offering shares of major U.S. companies with crypto or USD margin for enhanced multi-asset trading.

WikiFX
2025-04-29 16:25
PrimeXBT Expands Trading Options with Stock CFDs on MT5

NewsPrimeXBT Expands with Stock CFDs for Major Global Companies

PrimeXBT introduces stock CFDs, allowing trading of major US stocks like Amazon, Tesla, and MicroStrategy with crypto or fiat margin options.

WikiFX
2025-04-25 15:01
PrimeXBT Expands with Stock CFDs for Major Global Companies

NewsPrimeXBT obtains FSCA License to operate in South Africa

A popular trading platform, PrimeXBT has recently received a license from the Financial Sector Conduct Authority (FSCA) to officially start trading in South Africa.

WikiFX
2024-11-20 20:09
PrimeXBT obtains FSCA License to operate in South Africa

ExposureWikiFX Reviews: PrimeXBT

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.

WikiFX
2023-04-07 17:09
WikiFX Reviews: PrimeXBT

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ApisitPhromraksa
0-3months
เทรดสนุกมากเลยช่วงนี้หาแพลตฟอร์มดีๆ ล่าสุดเพิ่งทำกำไรได้จากEthereum เห็นราคาพุ่งจาก $2610 ขึ้นไปถึงแถวๆ $2790 โชคดีที่ถือLong แต่ funding rate ก็แพงเอาเรื่องถือไว้หลายวัน โดนค่าธรรมเนียมไปเยอะเลย 😓
เทรดสนุกมากเลยช่วงนี้หาแพลตฟอร์มดีๆ ล่าสุดเพิ่งทำกำไรได้จากEthereum เห็นราคาพุ่งจาก $2610 ขึ้นไปถึงแถวๆ $2790 โชคดีที่ถือLong แต่ funding rate ก็แพงเอาเรื่องถือไว้หลายวัน โดนค่าธรรมเนียมไปเยอะเลย 😓
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2025-06-26 03:35
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BilalShah
0-3months
made withdrawals twice now and whew no drama!!
made withdrawals twice now and whew no drama!!
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2025-06-23 22:23
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