PrimeXBT
Rating: 4 / 5PrimeXBT is a South African broker that has been operational since 2018, catering to 1M+ clients whom can access a wide range of tradable assets including Forex, crypto, commodities and stocks. Traders can choose between three platforms including MT5, also the proprietary platform. PrimeXBT which features an in-house copy trading service. PrimeXBT is among the best South African brokers with an expanded offering that caters perfectly to its target group. I evaluated the PrimeXBT trading environment during my in-depth PrimeXBT broker review. Should you trade with PrimeXBT?
PrimeXBT is a South African broker that has been operational since 2018, catering to 1M+ clients whom can access a wide range of tradable assets including Forex, crypto, commodities and stocks. Traders can choose between three platforms including MT5, also the proprietary platform. PrimeXBT which features an in-house copy trading service. PrimeXBT is among the best South African brokers with an expanded offering that caters perfectly to its target group. I evaluated the PrimeXBT trading environment during my in-depth PrimeXBT broker review. Should you trade with PrimeXBT?
Broker Details
- Headquarters
- South Africa
- Established
- 2018
- Min Deposit
- $10
- Execution
- Market Maker
- Regulators
- BCR, FSA, FSC Mauritius, FSCA
Trading Conditions
- Min Standard Spreads
- 0.1 pips
- Min Forex Commission
- Commission-free
- Trading Hours
- Currency PairsSunday 21:05 - Friday 21:00CryptocurrenciesSunday 00:00 - Saturday 24:00CommoditiesSunday 22:00 - Friday 21:00Crude OilSunday 22:00 - Friday 21:00GoldSunday 22:00 - Friday 21:00MetalsSunday 22:00 - Friday 21:00Equity IndicesSunday 22:00 - Friday 21:00
Accounts & Funding
- Funding Methods
- 10+
- Deposit Options
- Credit CardsDebit CardsOther
- Deposit Fees
- No
- Withdrawal Options
- Credit CardsDebit CardsOther
- Withdrawal Fee
- Yes
Trading Costs & Spreads
- EUR/USD
- $9.00
- GBP/USD
- $16.00
- Gold
- $0.38
- Bitcoin
- 0.01% - 0.75%
- WTI Crude
- $0.13
- Inactivity Fee
- No
Platform & Features
- Trading Platforms
- MetaTrader 5, Proprietary platform, Web-based
Pros
- Generous rewards program
- €20,000 investor compensation fund
- Proprietary copy trading service
- Good choice of Forex and cryptocurrency pairs
Cons
- No algorithmic trading
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