PrimeXBT is a multi-asset online contract for difference (CFD) trading platform brand that offers a wide range of trading services, including forex, indices, commodities, cryptocurrencies, and futures.
Company Background
Company Entities
PrimeXBT involves multiple company entities, each registered in different countries and regions, as detailed below:
- PrimeXBT Trading Services Ltd (Saint Lucia)
Registered address: KF Corporate Services Ltd., 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia
Company registration number: 2024-00343 (Unregulated) - PXBT Capital Ltd (Mauritius)
Registered address: AllServ Management Ltd, Office 306, 3rd Floor, Ebene Junction, Rue de la Democratie, Ebene, Republic of Mauritius
Regulatory Information: Authorized and regulated by the Financial Services Commission (FSC) of Mauritius - PRIME XBT TRADING SERVICES, S.A. DE C.V. (El Salvador)
Holds a Bitcoin Service Provider (BSP) license issued by the Central Reserve Bank of El Salvador (BCR), registration number 66d10393e8a00a3181b8e457 - Baksta UAB (Lithuania)
Registration number: 306038128
Regulatory Information: Registered with the Financial Crime Investigation Service (FCIS) as a virtual currency exchange and wallet custodian operator, providing cryptocurrency-related services - Stack Advisory (PTY) LTD (South Africa)
Registration number: 2013/099697/07
Regulatory Information: Authorized by the Financial Sector Conduct Authority (FSCA) of South Africa, license number 45697 - PXBT Trading Ltd (Seychelles)
License number: SD162
Regulatory Information: Seychelles securities dealer license
Registered address: IMAD Complex, Office 3, Ile Du Port, Seychelles
Website & Launch Information
- Official Website:
- Main domain: primexbt.com
- Other related domains: primexbt.partners, primexbt-markets.pro, primexbt.one
- Launch Date: August 24, 2022 (The domain was registered on August 24, 2018, and was acquired and activated by the current team on August 24, 2022).
- Slogan: Online Trading, Investments & Crypto
Company Staff
According to LinkedIn, the PrimeXBT team consists of 9 members.
Trading Services
Tradable Instruments
PrimeXBT offers the following trading products:
- Forex (Foreign Exchange)
The forex market is the largest financial market globally, providing trading in currency pairs such as Euro/US Dollar (EUR/USD) and British Pound/Japanese Yen (GBP/JPY), ideal for traders seeking high liquidity and low spreads. - Indices
Index trading covers major global stock indices like the S&P 500, Nasdaq 100, and Nikkei 225. These assets typically reflect the overall performance of economies and are ideal for traders looking to diversify their portfolios. - Commodities
This includes energy commodities such as oil, precious metals like gold and silver, and soft commodities like coffee. Commodity trading is often used as a hedge against inflation or market volatility. - Cryptocurrencies
Comprising digital currencies like Bitcoin, Ethereum, and Litecoin, offering 24/7 trading, suitable for traders seeking high volatility and innovative investments. - Futures
The futures market involves standardized contract trading, covering commodities, indices, or interest rates, providing diverse investment options for speculators and hedgers.
Account Types & Fees
- Account Types: No specific information disclosed.
- Spreads: As low as 0.1 pips.
- Trading Leverage: Details not disclosed.
- Trading Commission: No detailed information disclosed.
- Demo Account: No demo account option.
Trading Platform
PrimeXBT claims to provide a self-developed trading platform, supporting web and mobile access. However, testing shows the iOS download link is not working, and the mobile platform currently supports only Android versions.
Deposit/Withdrawal Methods
A variety of deposit and withdrawal methods are supported, including:
- Cryptocurrency
- Credit Card
- Debit Card
Affiliate Policy
PrimeXBT provides an affiliate commission plan, detailed as follows:
- Register for a free account and obtain a unique referral link.
- Invite users through the referral link and earn up to 50% commission. Commissions are divided into four levels:
- Level 1 Referral: 20%
- Level 2 Referral: 15%
- Level 3 Referral: 10%
- Level 4 Referral: 5%
Commission payments are made daily from 12:00 noon to 2:00 PM UTC, with pending commissions updated daily at 12:01 AM.
Educational Resources
PrimeXBT offers a variety of educational resources to help traders enhance their skills and knowledge of the market:
- Market Research: Supports trading decisions through detailed team analysis.
- Educational Articles: Develop trading skills and market understanding.
- Market News: Get the latest updates on cryptocurrencies and global markets.
- Trading Vocabulary: Gain deeper understanding of trading terms through a comprehensive glossary.
Social Media & Contact Information
- Contact Methods: Online contact, Email, Telegram.
- Social Media: Active on platforms like Facebook, Twitter, Instagram, LinkedIn, YouTube, TikTok, Reddit, Discord, etc.
Summary
While PrimeXBT has multiple regulated entities, the regulation they receive comes from offshore or limited jurisdiction areas. Additionally, the platform lacks clear disclosure on some trading information (such as account types, leverage details, etc.).
