PrimeXBT review 2025

The PrimeXBT trading platform lets you trade cryptocurrencies with leverage up to 1:100. It also offers access to other financial assets, including currencies, commodities, and leading stock indices, with leverage up to 1:1000 through CFDs.

Read our PrimeXBT review to find out everything you need to know about the service before you decide to sign up and use PrimeXBT.

Investing options

4.1

What can I do with PrimeXBT?

On PrimeXBT you can trade crypto and financial markets with low fees, access margin trading, and compete against other users in live trading contests. 

There are plenty of features for active traders, in the form of advanced charting tools, plenty of leverage, and a profit-sharing strategy if you set yourself up as a trader for other users to copy. But there are also lots to interest casual traders as well, with trading contests that pay out bonuses as winnings and a simple trading interface that’s easy to get started with.

One of the most noteworthy aspects of the PrimeXBT platform is the fact that it only accepts deposits in crypto. All trading on the platform is done in crypto, and there’s no mechanism to deposit or withdraw fiat currency. You can, however, use that crypto to trade other financial markets – currencies, commodities, and indices – using CFDs.

What accounts does PrimeXBT offer?

PrimeXBT is a trading platform that offers a single account type from which you can access all its features and trade various financial assets. 

As you have to fund your account with crypto, it also offers each user their own personal wallet to store digital assets. All user funds are held offline, in cold storage.

Products, markets & assets

What products and assets can you trade on PrimeXBT?

PrimeXBT is primarily a crypto and forex trading platform. There are 35+ cryptocurrencies and 50+ fiat currency pairs available to trade. There are also a handful of leading commodity and index CFDs on offer.

What leverage trading options are there?

Leverage trading is a core part of PrimeXBT’s service, so there is plenty on offer across all assets on the platform. Leverage on crypto trading is restricted to 1:100, while for all other assets it’s 1:1000.

What are the spreads?

There are no fixed spreads on PrimeXBT. The spreads vary depending on the asset and the amount of liquidity in the market. Relative to the competition, it’s one of the cheaper trading platforms out there, particularly when you consider the low commission fees.

PrimeXBT trade sizes and limits

One of the advantages of trading in crypto is that trade limits on PrimeXBT are extremely loose and each trader has a lot of freedom to trade as much or as little as they like. 

The maximum order size varies depending on the asset, which means that it can vary quite a lot for crypto trading in particular. Maximum exposure is capped at $200,000 for most cryptos, but is significantly higher for BTC, ETH, and for forex and commodity trading. 

Crypto

What cryptocurrency pairs can be traded on PrimeXBT?

There are 40+ crypto pairs on PrimeXBT, ranging from large cap cryptos like BTC/USD and ETH/USD, to smaller coins, like FIL/USD and ALGO/USD. Some crypto crosses, like BTC/ETH are also available.

What are the fees for buying and selling cryptocurrencies?

There is a flat rate commission of 0.05% that applies to each crypto trade. There are discounts of up to 30% available if you hold COV tokens in your account.

Does PrimeXBT offer staking and rewards?

Yes, although it’s slightly different to regular staking. If you hold COV tokens in your PrimeXBT account then it unlocks certain benefits within the PrimeXBT ecosystem.

You won’t earn any more tokens, but you will unlock benefits in the form of trading fee discounts, reduced entry fees into Contests, and higher follower limits if you choose to create your own trading strategy and allow others to follow you.

Forex

What forex pairs can be traded on PrimeXBT?

There are 50+ forex pairs available, including all of the major pairs, many minor pairs and a handful of exotics. 

What are the minimum spreads for trading forex?

There are no minimum spreads, the spreads vary depending on which currency you choose. The spreads on major pairs like USD/EUR or USD/GBP are generally smaller than on minor or exotic pairs, but all spreads are competitive.

There are no commission fees on forex trades, though overnight fees apply on positions held open at the end of the trading day.

Commodities

What commodities can be traded on PrimeXBT?

There are ten commodities available, including the most popular precious metals – gold and silver – as well as both Brent and Crude Oil.

What are the minimum spreads for trading commodities?

There are no minimum spreads. Spreads are variable, with tighter spreads on the most popular commodities and larger ones on less liquid options. There are no trading fees, but overnight fees do apply.

Deposits & withdrawals

What are the minimum & maximum deposits?

The minimum deposit is the smallest amount necessary to put up the margin to make a trade, which means that it varies depending on the asset. For Bitcoin, the smallest amount necessary to make a trade is 0.000005 BTC.

There is no maximum deposit limitation.

What are the deposit and withdrawal options fees, limits, and speeds?

PrimeXBT is a crypto-only trading platform, so you have to deposit cryptocurrency to fund your account. You can do this via a crypto wallet, such as MetaMask, or use a bank transfer or credit card to purchase crypto for your account.

Withdrawals are limited to a maximum of $20,000 per day, unless you verify your account, in which case there are no limits. Verification isn’t necessary unless you choose to do so to unlock this benefit.

Withdrawal fees vary depending on the asset. For Bitcoin, it’s 0.0005 BTC. For other cryptos it depends on the network: there are significantly higher fees for withdrawing ERC-20 tokens compared to BEP-20 ones.

Fees & costs

How do PrimeXBT fees work?

PrimeXBT charges two types of fees on trading: a small commission on crypto trades and then overnight fees on all assets for any position kept open overnight. Withdrawal fees also apply and are charged as a flat rate, regardless of the size of the withdrawal.

What are PrimeXBT’s trading fees?

Crypto trades are charged a 0.05% trading fee. Forex, commodity, and index trades are not charged a commission at all. 

Platforms & usability

What devices can I use PrimeXBT on?

The PrimeXBT trading platform is available on web browsers, while you can also trade from mobile and tablet devices, albeit with limited features.

Mobile app

The PrimeXBT mobile app is downloadable on iOS and Android, but some features are only available on the web-based platform or by visiting the web version of the site from your mobile browser.

The main feature that’s lacking is the Contests module, so you can’t enter competitions or take advantage of free demo trading on the mobile app.

Otherwise, the app is an excellent place to trade from. You can open and close margin positions, create watchlists, and monitor your positions from your phone. The extensive array of price charts are also available from the main ‘trade’ tab.

Web trading platform

The most important question any user has is: How easy is it to use PrimeXBT?

PrimeXBT offers an easy and accessible entry to margin trading, providing a range of features to appeal to beginners and experienced investors alike. The web trading platform is powerful and adaptable, containing a multitude of different ways to trade, from simple margin trading to creating your own copy-trading strategy.

The most impressive features are its charting tools, which are powered by TradingView and which allow you immense freedom to perform your own analysis and stay on top of the market. These charts can be customised and added to your main trading interface, which is flexible and adaptable so you can craft it to suit your style.

Every user has the opportunity to try out copy trading, where you can follow other traders by mirroring their moves onto your account. There’s no additional charge for copy trading and it’s easy to find the top performers on any given day.

More experienced traders can take advantage of this feature by setting up an account which other people can then follow. On PrimeXBT, this is known as creating a ‘Strategy’, for which you can earn a percentage of the proceeds of this trading through a profit share agreement.

Key features

Here is a brief run down of four of our favourite features of the PrimeXBT trading platform.

Affiliate network

PrimeXBT offers an affiliate programme where you can make money by introducing people to the site. There are two ways for partners to earn, based on a CPA (cost per acquisition) or a revenue sharing model. The standard revenue share is 5% of the commissions earned by webmasters, but the rate can be increased individually and can be as high as a 70% profit share.

Covesting module

The Covesting module is the means by which PrimeXBT offers copy trading. It also offers benefits to people who hold COV tokens, in the form of discounts, profit share bonuses, and lower entry fees to contests.

This module is one of the stand out features on PrimeXBT, one that sets it apart from many of its competitors. It offers a great deal of additional flexibility and is available to anyone who sets up an account.

PrimeXBT contests

Trading contests are risk-free competitions that anyone with a PrimeXBT account can enter. Competition winners earn trading bonuses that can be used to fund new margin positions.

Along with the competitive element that allows you to test your wits against other traders, these contests are also a great way to trade risk-free. It’s an interesting twist on a traditional demo account, as whenever you enter a contest you’re granted a fully-funded trading account that you can use to trade on whatever you like. 

There are no limits to the number of contests you can enter, so it’s a great way to practise.

Leveraged trading

Margin trading is one of the key selling points of the PrimeXBT platform. As soon as you create an account you can access large amounts of leverage and start trading with relatively small amounts of money.

This trading is all done in crypto, which is another fairly unique aspect of the service. Many trading platforms offer margin trading in fiat currencies, but few allow you to trade traditional financial assets like currencies and indices with cryptocurrency and use leverage to boot.

The leverage is limited on highly volatile assets, like cryptocurrency, but is still available up to 1:100. For forex and commodity trading the limits are much higher and you can trade with up to 1:1000 leverage.

Safety & reliability

Is PrimeXBT safe?

Yes, PrimeXBT is safe, as it stores your crypto funds securely, in cold, offline storage. The main reason that you have to wait up to 24 hours for a withdrawal to process is because customer funds are stored so securely.

While the platform isn’t regulated, the way it treats customer assets is a key indicator that helps us to judge how safe it is. The fact the money is kept in cold storage is a big plus, as is the fact that no money can be accessed without the consent of multiple employees.

Is PrimeXBT regulated?

No, PrimeXBT is not regulated. This isn’t unusual for crypto trading platforms, which do not have to undergo the same security checks as traditional trading brokers. 

As a result of this, the platform isn’t available to users in North America, so US and Canadian residents aren’t able to use it.

Customer support

The FAQ help centre on PrimeXBT is thorough and capable of answering the majority of questions any user might have. If that doesn’t suffice, there’s a live chat function and 24/7 customer support available via email.

What are the risks of using PrimeXBT?

The main risk is the fact that you’re likely to trade with leverage, which can be dangerous if you don’t understand it and may result in a margin call – where you are asked to provide more money immediately to keep a position open – or liquidation. 

There are also risks associated with operating in cryptocurrency on a platform that isn’t regulated, as you don’t benefit from any investor protection to secure funds up to a certain value, which is standard practice in traditional finance.

Here is a summary of the main risks of using PrimeXBT:

• Using leverage can be risky and may result in a total liquidation of your position
• Unregulated brokers do not provide any investor protection
• Cryptocurrency trading can be highly volatile, particularly when it’s combined with leverage

Research & analysis tools

What trading tools are on offer?

PrimeXBT has a couple of trading tools available, alongside the ability to create your own trading strategy and earn from it through the Covesting module.

TradingView powered charts

All the PrimeXBT charts are powered by TradingView and offer a huge amount of customisation and analytical possibilities. There are plenty of technical indicators that you can plug into the charts to perform analysis and identify trading opportunities.

Interface customisation

The trading interface is fully customisable, so you can set up watchlists and alerts and ensure that you only see the data you want to see. While there’s no integration with MT4 or MT5 as yet, it offers a similar approach that will be familiar to many traders.

Create your own strategy

By creating your own trading strategy through the Covesting module you can set up an account for other users to follow and copy. The better your trades perform, the more you earn from it. If you hold COV tokens, you get access to better rates of profit sharing, up to a maximum of 75%.

Education & learning resources

What educational resources are on offer?

Extensive help centre

The PrimeXBT help centre is packed with answers to common FAQs as well as extensive guides to the platform and how it works. There’s very little you won’t be able to find out just by searching the help centre for more information.

Copy trading function

The Covesting module offers the opportunity to copy trade from other successful traders. This is a great way to learn and also to develop your own strategy by testing out what works and what doesn’t, and how other traders identify their trading opportunities. 

It can also teach you about how to take advantage of stop-loss limits and where to take profit on trades that do well. 

Demo account

We highly recommend that any new trader starts off by using a demo account. These accounts allow you to trade, risk-free, and learn the markets before putting any real money at risk. 

The PrimeXBT contests offer a way to do this while also competing with other traders, where you also have the opportunity to access trading bonuses to take advantage of in the future.

PrimeXBT review verdict

PrimeXBT is an innovative trading platform that offers a variety of exciting ways to trade with crypto. The fact you can fund your account with crypto makes it stand out from the crowd, while the different trading options – from margin trading to copy trading – and the opportunity to access additional benefits by holding COV tokens makes it worth a look, regardless of your level of experience.

Many traders will find the advanced charting features and the large amount of leverage on offer more than enough to be going on with. A customisable interface and adaptable charts mean it’s a great place to craft your own technical analysis and trade popular markets.

Despite that, the platform does have a few limitations. The lack of regulation is one drawback, which has a knock-on effect in the form of a restriction on US and Canadian users. The fact you can’t deposit in fiat currency may also put off some users, although it is easy enough to buy crypto and fund the account that way.

Overall, we recommend PrimeXBT as a trading platform worth signing up for. It has enough unique and interesting features to be getting on with, while the Contests have a great twin appeal as a way to practice and a way to compete with other traders.

Methodology

Helping people make better financial decisions is at the heart of our mission at Invezz. 

We test each trading platform to provide clear, accessible guidance on the service it offers and how it compares to the 63+ other platforms we review. Testing is carried out by our panel of crypto experts, analysts, and active traders who sign up to the trading platform, conduct research, and score the service.

To supplement our practical testing and experience, we research the service to gather any further relevant information and provide context to help you decide whether the platform is right for your investing needs. We read online customer reviews, app reviews on the Play Store and App Store, and conduct user surveys to get feedback from real people about what works, and what doesn’t.

The trading platform is awarded a final score based on 130+ data points across 8 ranking categories: cost, reliability, user experience, deposit & withdrawals, investing options, range of products/markets, research & analysis tools, and the availability of educational & learning resources.

We work closely with the individual brand to ensure all factual information displayed here is accurate. All data is then fact-checked by an independent reviewer. You can learn more about our expert panel and how we test, rate, and review platforms in our review process. 

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