For over a decade, DailyForex has been the trusted Forex broker authority, establishing an unrivalled reputation for rigorous research and journalistic integrity. With a methodology refined through years of industry experience, we empower traders to make informed decisions, which is particularly important when trading high-risk investments such as penny stocks. Discover more about our comprehensive review process and how we maintain transparency and impartiality here.
Editor's Verdict
I've followed PrimeXBT since it launched in 2018 as a crypto-margin platform, and the business today looks very different. It's now a South African-headquartered multi-asset broker with more than a million clients across 150+ countries.
You can trade Forex, crypto, commodities, indices and shares on MetaTrader 5. Or use PrimeXBT's own PXTrader 2.0 platform for that same range plus dedicated Crypto Futures, with TradingView charting and the option to trade using crypto itself as collateral.
On trading costs, it's competitive. Spreads on the major markets are competitive — EUR/USD from 0.0-0.1 pips, S&P 500 from 0.2 points, Gold from $0.17, Bitcoin CFDs from $19 — all commission-free, and there's no minimum deposit on trading accounts to get started. For a trader starting small, that combination is hard to argue with.
When it comes to regulation, PrimeXBT has recently restructured. The current setup runs on South Africa's FSCA, two El Salvador crypto licences, and a Saint Lucia registration. While less suited to those who prioritize tier-1 licenses, PrimeXBT is well suited to active traders who want low costs, high leverage and a deep crypto range.
Overview
PrimeXBT covers a lot of ground. Between MT5 and PXTrader 2.0 you get Forex, commodities, indices, shares and a large crypto selection — CFDs on both platforms, plus dedicated Crypto Futures on PXTrader 2.0. CFDs are priced commission-free, and there's no minimum deposit anywhere, which puts it within reach of anyone.
Where it asks for trust is on the regulatory side. The South African FSCA licence is the strongest license, alongside licensing in El Salvador and a Saint Lucia registration.
The standout part of the platform today is PXTrader 2.0, which merges CFDs and Crypto Futures into a single account with adjustable cross/isolated leverage, hedge and netting modes, and trading accounts funded by crypto — letting you fund a position in BTC or ETH without converting it first.
PrimeXBT Core Takeaways:
- Pricing: Commission-free, with EUR/USD from 0.0-0.1 pips spread.
- Safety / Fund Protection: Client funds are segregated, negative balance protection in place, digital assets in cold storage with multi-signature and FIPS 140-2 Level 3 HSMs.
- Platforms: MetaTrader 5 and the proprietary PXTrader 2.0.
- Cost Structure: No minimum deposit on trading accounts, no fees on deposits or withdrawals
- Loyalty / VIP Program: A 5-tier VIP program offering up to 70% off Crypto Futures fees and up to 25% off CFD/Forex spreads (up to 50% off on XAU/USD and BTC/USD).
- Rewards: A genuinely generous rewards setup — traders can earn via one-off Trader Tasks and ongoing Trade & Earn volume milestones, with combined rewards reaching up to $52,690, redeemable as cashback, a trading bonus, or VIP tier upgrades.
- Asset Range: 350+ instruments spanning 90+ FX pairs, 135 crypto markets, 24 commodities, 19 indices and 16 share CFDs.
Headquarters | South Africa |
|---|---|
Regulators | BCR, CNAD, FSCA |
Tier 1 Regulator(s)? | |
Owned by Public Company? | |
Year Established | 2018 |
Execution Type(s) | Market Maker |
Minimum Deposit | $10 |
Negative Balance Protection | |
Trading Platform(s) | MetaTrader 5, Proprietary platform, Web-based |
Average Trading Cost EUR/USD | 0.2 pips |
Average Trading Cost GBP/USD | 1.3 pips |
Average Trading Cost WTI Crude Oil | $0.13 |
Average Trading Cost Gold | spread from 0.17 |
Average Trading Cost Bitcoin | Crypto CFD/futures; 0.01%-0.75% |
Minimum Standard Spreads | from 0.1 pip (EUR/USD 'from 0' per site) |
Minimum Commission for Forex | $0 - commission-free, spread only |
Funding Methods | 100+ (per site) |
Islamic Account | |
Signals | |
US Persons Accepted? | |
Managed Accounts |
PrimeXBT Regulation and Security
Different regulators offer varying levels of broker accountability, and PrimeXBT runs a multi-entity structure, so it is worth knowing exactly which entity holds your funds.
Is PrimeXBT Legit and Safe?
PrimeXBT has been around since 2018, and by now it's built up a fairly layered regulatory footprint rather than relying on a single licence. In South Africa, PrimeXBT (Pty) Ltd is an authorised financial services provider under the FSCA, licence number 45697 — a genuine, checkable licence rather than a marketing claim. In practice that means client funds are kept separate from the company's own money, AML/KYC checks are run at sign-up, and negative balance protection is in place so you shouldn't end up owing the broker money after a bad trade.
The crypto side of the business runs through a separate entity, PrimeXBT Trading Services, S.A. de C.V. in El Salvador, which holds both a Digital Asset Services Provider licence from the CNAD and a Bitcoin Services Provider licence from the Banco Central de Reserva. A third entity, PrimeXBT Trading Services Ltd, is registered in Saint Lucia.
On the security side, PrimeXBT offers more security measures than most brokers operating under a similar level of regulatory oversight: cold storage for digital assets, multi-signature technology, and hardware security modules rated FIPS 140-2 Level 3 or higher, spread across multiple locations rather than sitting in one place. Combined with fund segregation and negative balance protection, it's a genuinely solid setup.
Country of the Regulator | Saint Lucia, El Salvador, South Africa |
|---|---|
Name of the Regulator | BCR, CNAD, FSCA |
Regulatory License Number | FSP 45697 (FSCA); DASP PSAD-0045 (CNAD); BSP 66d10393e8a00a3181b8e457 (BCR); Reg 2024-00343 (St Lucia) |
Regulatory Tier | 2, 4 |
*Noteworthy: PrimeXBT doesn't accept US persons among other listed jurisdictions.
Who Should Trade with PrimeXBT?
PrimeXBT is a great fit for an active crypto trader — and for anyone who wants to use their crypto as collateral to trade other asset classes, like Forex, indices or commodities, without cashing out of it first.
Type of Trader | Verdict | Why? |
|---|---|---|
Scalpers & Day Traders | Recommended | Competitive commission-free spreads and leverage up to 1:1000 (1:2000 on the Pro account) suit high-frequency activity. |
Algo Traders & EA Users | Recommended | MT5 supports Expert Advisors, scalping and hedging; PXTrader 2.0 does not support EAs but offers Trading Central-powered trade ideas instead. |
Crypto Traders | Highly Recommended | Dedicated Crypto Futures plus crypto CFDs, with leverage up to 1:500 on BTC. Trading accounts can be funded using crypto as collateral. |
Beginners | Neutral | No minimum deposit on trading accounts and a clean app help, though traders should also consider the level of regulatory oversight. |
Fees
Average Trading Cost EUR/USD | 0.2 pips |
|---|---|
Average Trading Cost GBP/USD | 1.3 pips |
Average Trading Cost WTI Crude Oil | $0.13 |
Average Trading Cost Gold | spread from 0.17 |
Average Trading Cost Bitcoin | Crypto CFD/futures; 0.01%-0.75% |
Minimum Standard Spreads | from 0.1 pip (EUR/USD 'from 0' per site) |
Minimum Commission for Forex | $0 - commission-free, spread only |
Deposit Fee | |
Withdrawal Fee | |
Inactivity Fee | No |
PrimeXBT prices CFDs on spread alone, with no commission — that keeps the headline cost of Forex low and easy to read. Crypto Futures use a small maker/taker fee instead of a spread. There's no minimum deposit for your trading account, so you can fund and test the platform at whatever level you're comfortable with.
PrimeXBT EUR/USD Trading Costs (using the MT5 Standard account as an example)
Account Type | Avg Spread (EUR/USD) | Commission (Round Turn, 1 lot) | Total Cost per 1 Lot |
|---|---|---|---|
Standard | 0.2 pips | $0.00 | $2.00 |
My Observation: spreads at PrimeXBT vary by instrument, account type and VIP status, so there's no single number that applies across the board, but on the whole they're competitive and reasonably stable. On EUR/USD specifically, the Standard account works out to roughly $2 per lot commission-free — sharply cheaper than a lot of the offshore competition.
Noteworthy:
- Inactivity Fee: None
- Swap Fees: Standard Swap-Free and Extended Swap-Free options are available on both PXTrader 2.0 and MT5, letting traders avoid or fix overnight costs — see the next section.
- Transaction Fees: PrimeXBT states there are no fees on deposits or withdrawals for trading accounts.
- Currency Conversion: Balances and pricing are USD-centric, so a conversion cost can apply if you fund in another currency.
Overnight Swaps
Swap rates are the cost most traders forget. On a leveraged position held past the daily rollover (close of NY session 5pm EST), PrimeXBT applies a swap charge that varies by instrument and direction, and on a multi-night hold it can become the largest single component of your cost. Rollover happens once a day, with a triple charge midweek to account for the weekend.
Traders who want to avoid this cost entirely can select Swap-Free or Extended Swap-Free on both MT5 or PXTrader 2.0. PXTrader 2.0's Extended Swap-Free has no fixed expiry window and no excluded instruments, while MT5's Extended Swap-Free is capped at a 30-day window and carries some instrument exclusions.
The figures below show the illustrative all-in cost of buying and selling one standard lot of EUR/USD on a standard (non swap-free) MT5 account, held for one night and then seven nights.
Holding a 1 lot EUR/USD position for one night:
Direction | Spread Cost | Commission | Swap Cost | Total Cost |
|---|---|---|---|---|
Buy | $2.00 | $0.00 | $8.46 | -$10.46 |
Sell | $2.00 | $0.00 | $2.12 | -$35.12 |
Holding a 1 lot EUR/USD position for seven nights:
Direction | Spread Cost | Commission | Swap Cost | Total Cost |
|---|---|---|---|---|
Buy | $2.00 | $0.00 | $59.28 | -$7.28 |
Sell | $2.00 | $0.00 | $14.82 | -$16.82 |
Swap rates change daily and depend on the underlying interest-rate differential and the broker's mark-up. Treat these as representative, not fixed.
Range of Assets
PrimeXBT gives you more than 350 instruments, weighted towards Forex and crypto with useful depth in commodities and indices. What you won't find is real, exchange-traded ownership, as the focus is on providing a CFD or a crypto product, so there are no physical shares, no bonds and no ETFs.
Currency Pairs | |
|---|---|
Cryptocurrencies | |
Commodities | |
Crude Oil | |
Gold | |
Metals | |
Equity Indices | |
Stocks | |
Stocks (non-CFDs) | |
Bonds | |
ETFs | |
Options | |
Futures | |
Synthetics |
PrimeXBT Leverage
Leverage is high and varies by account type and instrument.
On PXTrader 2.0 and the MT5 Standard/ZeroStop accounts, Forex tops out at 1:1000, BTC at 1:500, ETH at 1:400 and altcoins at 1:150, with major indices like US30, US500 and USTEC also reaching up to 1:1000 across both MT5 and PXTrader 2.0.
The MT5 Pro account, built for high-volume traders, goes up to 1:2000 (BTC to 1:500, ETH to 1:200, altcoins to 1:200).
Both platforms let you dial leverage down from the default if you want tighter risk control: MT5 has a High/Medium/Low setting that scales all leverage proportionally, while PXTrader 2.0 lets you set adjustable leverage caps per instrument within cross or isolated margin mode.
What should traders know about PrimeXBT leverage?
- Magnified Risk: 1:1000 cuts both ways. A small adverse move can wipe a thinly funded account.
- Capital Efficiency: High leverage frees up margin
- Asset Limits: Caps differ by instrument, so crypto, indices and Forex each have their own ceiling.
- Downside Protection: Negative balance protection means you can't lose more than your deposit.
Account Types
PrimeXBT has moved from a single account model to five options across two platforms — none of them carry a minimum deposit.
- PXTrader 2.0: 350+ CFDs and Crypto Futures in one account, adjustable leverage up to 1:1000, multi-currency (USD, USDT, USDC, BTC, ETH, plus ZAR for South African clients), and the only account eligible for VIP tier discounts.
- MT5 Standard: 200+ markets, everyday trading conditions, spreads from 0.2 pips, 50% stop-out level.
- MT5 ZeroStop: same instrument range as Standard, but with a 0% stop-out level for more room before forced liquidation.
- MT5 Pro: built for high-volume traders — spreads from 0.1 pips, leverage up to 1:2000, 0% stop-out.
- MT5 Cents Account: a smaller-scale environment for beginners and strategy testing, denominated in cents (a $10 deposit shows as 1,000 USC), with a limited instrument set — FX majors/minors, gold, silver, BTC and ETH.
Managed & Specialist Accounts:
Both PXTrader 2.0 and MT5 come with a swap-free option, which I'd flag mainly for traders who can't pay or receive interest for religious reasons — but honestly, it's also handy if you just like knowing your overnight costs upfront rather than watching them float around. Standard Swap-Free swaps out the usual overnight fee for a fixed per-lot admin charge instead, so there's no ambiguity if you're holding a position for a few days.
PrimeXBT Demo Account
The demo is genuinely useful. It doesn't expire, so you can keep it as a testing environment for as long as you like. Opening one takes a registration but no identity verification, which means you can be practising within a minute. Use it to trial the platform, test an EA on MT5, or explore PXTrader 2.0's adjustable leverage and margin-mode settings before committing real funds.
My Tip: start on the demo to learn the PXTrader 2.0 interface, then keep initial position sizes small and make use of the adjustable leverage to dial risk down from the account default — 1:1000 leverage compounds a mistake fast if you're not ready for it.
Trading Hours
Asset Class | From | To |
|---|---|---|
Currency Pairs | Sun 22:00 GMT | Fri 22:00 GMT (24/5) |
Cryptocurrencies | 24/7 | 24/7 |
Commodities | Market hours | Market hours |
Crude Oil | Market hours | Market hours |
Gold | Market hours | Market hours |
Metals | Market hours | Market hours |
Equity Indices | Market hours | Market hours |
Futures | Monday 00:00 | Sunday 24:00 |
Trading Platforms
MT4/MT5 Add-Ons | |
|---|---|
Automated Trading | |
Social/Copy Trading | |
DOM? | |
Guaranteed Stop Loss | |
Scalping | |
Hedging | |
One-Click Trading | |
OCO Orders | |
Interest on Margin |
PrimeXBT runs a mix of its own technology and the industry standard. The proprietary side is built for speed and simplicity on web and mobile, while MT5 covers traders who want automation.
- MetaTrader 5: Full desktop, web and mobile builds across four account types (Standard, ZeroStop, Pro and Cents), with Expert Advisors, depth of market and one-click trading.
- PXTrader 2.0: PrimeXBT's own trading platform, built with TradingView charting, 100+ indicators, adjustable cross/isolated leverage, hedge and netting modes, and VWAP pricing for advanced order execution.
- Mobile App: iOS and Android
Supporting Infrastructure:
- Automated Trading: Expert Advisors are supported on MT5 (all four account types). PXTrader 2.0 does not support EAs but includes Trading Central-powered trade ideas instead.
What I Would Like PrimeXBT to Add
The main thing missing, for me, is copy trading. PrimeXBT puts real effort into research — trade ideas, market analysis, an economic calendar — so it's clearly not building only for self-directed traders. Copy trading used to be the logical extension of that.
Research and Education
PrimeXBT publishes daily market research split into technical, fundamental and sentiment-led analysis, plus a regular webinar schedule covering market moves and platform walkthroughs.
What stands out is the “Markets” tab, built right into the trading platform itself — live prices, Trading Central trade ideas and the economic calendar are all one click away while you're actually trading, rather than something you'd have to go dig up on a separate page.
- For beginners, there's a dedicated Learning Center with video guides, and the site also runs a library of educational articles for anyone who prefers reading. It's a solid starting point. I'd still send a first-time trader to independent sources on risk management and the relationship between leverage and position sizing, and I'd steer clear of paid-for courses and mentors.
Customer Support
Customer Support Methods |   |
|---|---|
Support Hours | 24/7 |
Website Languages |          |
Support runs 24/7 and the broker advertises an average response under 40 seconds, which matches the crypto-native, always-on model it started from.
- Live Chat: The fastest route and the one I'd use first.
- Email: Available for anything that needs a paper trail.
- Help Centre: A searchable knowledge base covers most account and funding questions.
- Priority support for VIP: Higher VIP tiers get a dedicated account manager.
The gap is a published phone line for account holders, which would add reassurance.
Bonuses and Promotions
PrimeXBT's incentive structure now runs through its Rewards Center. Traders earn from milestone 'Trader Tasks' (first deposit, first trade, and similar one-off actions) and ongoing 'Trade & Earn' volume rewards, which PrimeXBT says can combine for up to $52,690. Rewards can be redeemed as cashback, converted into a Trading Bonus, or used to buy into a VIP tier. Promotions like these may be subject to different rules across jurisdictions, so availability and conditions can vary. Read the terms before you opt in.
Loyalty
PrimeXBT rewards loyal, active traders through 5 VIP tiers.
The main draw is cheaper trading: lower spreads on CFDs and Forex (up to 25% off, on on XAU/USD and BTC/USD up to 50% off), reduced fees on Crypto Futures (up to 70% off taker fees), and better cashback (up to 10%) as you move up. On top of that you get priority 24/7 support. Worth being realistic about which tier your actual trading volume would land you in, rather than assuming the top-tier discounts apply from the start.
Opening an Account
Getting started is quick. The application asks only for an email and password, or you can register with an Apple or Google ID, and you can be inside the platform in under a minute.
What should traders know about the PrimeXBT account opening process?
- Register: sign up with an email and password, or an Apple, Google ID or Facebook.
- Verify: upload a government-issued ID and one proof of residency. Verification is mandatory before you can trade live.
- Fund & Trade: fund with any amount by card, crypto or e-wallet and start trading — PrimeXBT does not enforce a minimum deposit on trading accounts.
Minimum Deposit
PrimeXBT does not enforce a minimum deposit on trading accounts. The practical floor depends on your funding method — a card processor or e-wallet may have its own small minimum — but PrimeXBT itself doesn't set one. That makes it easy to test the platform with real money, though I'd still fund with more than the bare minimum to trade any position sensibly under leverage.
Payment Methods
Withdrawal options |    |
|---|---|
Deposit options | |
Deposits: PrimeXBT supports 70+ payment methods across crypto, fiat and local options, including credit and debit cards, Apple Pay, Google Pay, Neteller, Skrill, Binance Pay and regional e-wallets and bank transfers. There's no PrimeXBT-side deposit fee.
Withdrawals: the same broad range of methods is available for withdrawals, with no broker-side withdrawal fee. PrimeXBT claims withdrawals are processed in under 7 seconds on average — worth verifying against your own experience, as actual times can vary by method. Crypto withdrawals may still carry standard blockchain network fees. Under AML rules, the name on your trading account and your payment method must match.
Accepted Countries
PrimeXBT does not accept US reportable persons, or residents of Japan, Canada, Cuba, Israel, Iran, New Zealand, Syria, North Korea, Sudan, Russia, Myanmar, Saint Lucia and several US territories. The full restricted list is on the sign-up page.
Deposits and Withdrawals
- Zero Broker-Side Fees: PrimeXBT doesn't charge for deposits or withdrawals on trading accounts, though your payment provider or the relevant blockchain network might.
- Speed: PrimeXBT reports withdrawals averaging under 7 seconds, with roughly 95% processed instantly; crypto funding clears as fast as the network allows.
- Segregated Funds: Client money is held separately from company funds.
- Withdrawal Matching: The account name and payment method must match, so plan withdrawals through the same channel you funded with.
Is PrimeXBT a good broker?
For what it sets out to do, yes, PrimeXBT is a good broker. It gives an active trader zero-minimum entry, commission-free CFD pricing, high leverage, a deep and growing multi-asset range, and a rewards structure that scales with volume. The unified PXTrader 2.0 platform and the security infrastructure are genuine strengths, and the pricing stands up against most of the comparable brokers. The variable is regulation. This broker offers a reliable tier-2 FSCA authorisation, with the rest made up of crypto-specific permissions and a registration.
The Verdict: PrimeXBT is an established, low-cost, crypto-strong broker that earns its place for active and crypto-focused traders who understand the implications of its regulatory framework. If tier-1 regulation and local compensation are non-negotiable for you, it may not be the right fit for you. If they aren't, it's one of the better-value options among similar brokers. PrimeXBT does not charge commission on CFDs — pricing is spread-based, with competitive minimum spreads on major markets: EUR/USD from 0.0-0.1 pips, S&P 500 from 0.2 points, Gold from $0.17, and Bitcoin CFDs from $19. Crypto Futures use a maker/taker fee instead (0.01% maker, from 0.045% taker, down to 0.015% at the best rate). No, PrimeXBT does not charge any inactivity fees. PrimeXBT supports the platforms MetaTrader 5 (Standard, ZeroStop, Pro and Cents accounts) and the proprietary PXTrader 2.0, plus iOS and Android apps. The maximum leverage is up to 1:1000 on standard accounts (Forex; BTC to 1:500, ETH to 1:400, altcoins to 1:150), rising to 1:2000 on the MT5 Pro account for high-volume traders (BTC to 1:500, ETH to 1:200, altcoins to 1:200). No. US reportable persons are not accepted. PrimeXBT does not enforce a minimum deposit on trading accounts. At PrimeXBT client funds are segregated, negative balance protection applies, and digital assets sit in cold storage with multi-signature security.FAQs
Does PrimeXBT charge commission?
Does PrimeXBT charge an inactivity fee?
What trading platforms does PrimeXBT support?
What is the maximum leverage offered by PrimeXBT?
Is PrimeXBT available to US residents?
What is the minimum deposit for
Is my money safe with PrimeXBT?
Crypto & Broker / Prop Firm Analyst
As seen on: YahooFinance, GOBankingRates, Investopedia, Investing.com
Chief Analyst and Director of Content
Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.
As seen on: Pairs Of Aces, FX Street, FX Academy, TalkMarkets, Gold Eagle, Traders Union