PrimeXBT Review in Oct. 2024

• Forex: trade over 40 currency pairs, with leverage up to 1:1000. Currencies include the Majors alongside the Mexican Peso, Russian Rouble, South African Rand, Turkish Lira, Hong Kong Dollar and Singapore Dollar.

• Cryptocurrencies: buy or sell Bitcoin and 40 other crypto-currencies on a 24/7 basis, with leverage up to 1:200. PrimeXBT supports large order sizes, such as 100 BTC, 1,000 ETH, 1,000 LTC, 15,000 EOS and 150,000 XRP.

• Stock indices: trade CFDs on the S&P 500, NASDAQ 100, NIKKEI 225, ASX 200 and others. Go long or short, with leverage up to 1:100.

• Commodities: trade CFDs on the price of Gold and Silver against the U.S. Dollar, the Euro and the Australian Dollar. Go long or short, with leverage up to 1:500.

* Availability is subject to local laws and regulations.

PrimeXBT's platform was voted "Best Platform for Margin Trading" in the 2020 ADVFN International Financial Awards. It supports over 50 technical indicators to help you uncover price trends, and allows you to trade directly from the charts. Open a free account on PrimeXBT.com to see for yourself.

Through its partnership with Covesting.io, PrimeXBT allows you to automatically copy other traders' activity - a practice also known as "copy trading" or "mirror trading". You may also earn additional income by allowing others to follow your trades. Please note that the maximum leverage for Covesting accounts is 1:50.

PrimeXBT claims to accept a wide range of payment options, including card payments and bank transfers. However, you'll ultimately need to fund your account with crypto-currency, using either Bitcoin, Ethereum, Tether or Circle.

If you don't own crypto-currency yet, PrimeXBT will direct you to purchase crypto-currency first through Baksta, a virtual currency operator regulated in Lithuania. Baksta accepts credit card payments and bank transfers.

However, you may also buy crypto-currency through any other channel, and fund your PrimeXBT account directly if you prefer.

The choice of payment methods depends on the company that you open an account with, and your country of residence. Please visit the company's website for a list of all payment methods.

* Availability is subject to local laws and regulations.

PrimeXBT runs its business through companies incorporated in offshore jurisdictions. Its website operates from the Seychelles, its CFD trading business operates from Saint Lucia, and its crypto-currency business operates from Lithunia.

PrimeXBT is a member of the Financial Commission, a dispute resolution body run by brokers. However, you should be aware that no payouts are available should PrimeXBT go bankrupt.

It also claims to holds a Bitcoin Services Provider (BSP) license issued by the Banco Central de Reserva (BCR), but was unable to prove that claim when TrustedBrokers enquired.

Trade with caution as negative balance protection isn't available through this broker.

Our License Checker verifies the validity of EU, UK and UAE broker licenses in near real-time.