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Official regulator warning

The Bank of Russia lists Prime XBT, PrimeXBT, PrimeXBT Trading Services LLC, Underblockcrypto with signs of unauthorized professional securities market activity. This warning applies to the Russian jurisdiction; it does not establish license status in other countries. Publication date: 2022-02-04.

Currency-market research workstation

South Africa

PrimeXBT review

PrimeXBT (Pty) Ltd

4.0/10 Provisional evidence
Unverified profile Regulation pending High risk
Official website Compare Open research report Trader reviews

Identity or supporting evidence is still awaiting a completed FXICON review.

Company overview

PrimeXBT at a glance

High risk

PrimeXBT is a multi-asset platform offering forex and CFD access alongside crypto products. The official site identifies a South African FSP and separate entities in El Salvador and Saint Lucia; exact products and protections depend on the contracting entity.

FXICON ResearchSource-based broker researchRecord updated Review methodology

Provisional evidence score: 4.0/10. Regulatory confirmation or concrete trading disclosures are incomplete. This is not a trader-review average.

2 Licences
6 Source records
0 Approved reviews
0 Published complaints

Evidence coverage

Category fulfilment (%). Evidence coverage is not a return forecast.

Regulation and license evidence 8/30

No current listed or verified license record is attached yet. Stored regulation classifications remain provisional unless supported separately.

Transparency 15/15

Official website listed; Official domain stored; Legal/company name listed; Office address listed; Contact or support channel listed; Source citations or URLs present; Last checked date present.

Trading conditions 10/15

Minimum deposit listed; Spread information listed; Leverage disclosed; 3 account type(s) with concrete terms. Unknown, variable or account-dependent placeholders do not earn pricing points.

Platform verification 10/12

3 platform record(s); MT5 listed; 2 listed or verified platform status record(s); Platform notes present.

Trader feedback 7/15

No approved trader reviews yet; neutral baseline used.

Freshness and source confidence 11/13

Latest source or editorial check 12 day(s) ago; 3 reviewed source citation(s); Source URLs stored; Profile completion above 70%.

Official warning adjustment: -21 points. A reviewed official regulator warning caps the final evidence score at 4.0/10.

Research checklist

Full checklist
Ready Legal identity

primexbt.com

Review License evidence

2 records, 2 pending

Ready Source coverage

6 citations

Ready Trading terms

3 account types

Review Platform claims

MetaTrader 5, PrimeXBT Platform, MT5 WebTrader

Missing Risk flags

4 flags

PrimeXBT is a multi-asset trading brand covering forex, CFDs, and crypto-related products. Its websites describe several legal entities, and account availability is determined by customer location and selected service.

Strengths listed

  • MT5 forex and CFD access documented
  • Entity and license disclosures published
  • Standard, Swap-Free, and Pro account choices

Points to consider

  • Very high leverage is available
  • Regulator matches await independent register review
  • Products differ substantially by entity

Signals to verify

Research checklist
Provisional evidence score low

Regulator confirmation or concrete trading disclosures are incomplete. This score describes currently recorded evidence, not a verified broker rating or trader-review average.

Official regulator warning high

An official regulator warning is attached. Read the authority record and jurisdiction before considering this firm.

Very high leverage medium

Listed leverage is above 1:500 and deserves extra caution.

Unclaimed profile low

No approved broker-owner account is attached.

Licensing & jurisdiction

Regulation and licenses

Regulation pending

Permission applies to the named legal entity and jurisdiction. Confirm the licence, website and permitted services with the authority.

FSCA

🇿🇦 ZA South Africa Financial Sector Conduct Authority
pending review
Licence number
45697
Licence class
financial services provider

The official site describes the South African entity as an intermediary. Verify the license holder and authorised categories in the FSCA register.

Open official register

FSA Seychelles

🇸🇨 SC Seychelles Financial Services Authority Seychelles
pending review
Licence number
SD162
Licence class
securities dealer

Confirm PXBT Trading Ltd and its relationship to the selected product before funding.

Open official register

Official entity, license, and MT5 disclosures were reviewed. Regulation remains pending independent register confirmation, and the FXICON verified-profile badge is off.

Trading conditions

Accounts, costs and platforms

Minimum deposit From $1 on listed MT5 accounts
Maximum leverage Up to 1:2000 on Pro; product and entity dependent
Spreads From 0.1 pips on listed MT5 conditions
Commission Account and product dependent

MetaTrader 5

available / listed

Official page lists desktop, mobile, and WebTrader access.

PrimeXBT Platform

available / not applicable

Proprietary multi-asset web and mobile platform.

MT5 WebTrader

available / listed

Browser-based MT5 access.

Deposit methods

Not confirmed

Withdrawal methods

Not confirmed

Trading conditions and fees

The official MT5 page lists Standard, Swap-Free, and Pro accounts from $1. It advertises spreads from 0.1 pips, Standard leverage up to 1:1000, and Pro leverage up to 1:2000, subject to product and entity rules.

Commission, overnight financing, crypto futures charges, and spreads differ by product. Review the entity-specific legal and fee documents before trading.

Trader experiences

Reviews

0 approved
Not rated yet No approved trader reviews yet

Trader ratings are published after moderation. Editorial and evidence scores are shown separately.

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No approved reviews have been published for this profile.

Community reports

Exposure and complaints

0 published

Confirm which entity provides the selected product. High leverage and crypto derivatives can produce rapid losses.

Report an issue Login to submit a complaint
No published complaints

This does not guarantee the absence of disputes or trading risk.

Evidence trail

Research sources & data checks

6 records
Authority records 1
Company sources 1
Other references 4

Recent data checks

  1. Official website checked
  2. Official website checked
Quick answers

PrimeXBT review: common questions

What is PrimeXBT?

PrimeXBT is listed in the FXICON broker directory under PrimeXBT (Pty) Ltd, South Africa. The recorded company website is primexbt.com.

Is PrimeXBT regulated?

The directory records PrimeXBT as awaiting regulation confirmation. Its licence section includes records associated with FSCA, FSA Seychelles. Check the exact legal entity, permitted activities and current register status in this review's source links.

Which trading platforms are listed for PrimeXBT?

Source-listed platforms in this profile: MetaTrader 5, MT5 WebTrader. Confirm current availability and account compatibility with the broker. A platform listing does not establish software server-licence ownership.

What account types does PrimeXBT list?

Recorded account types include Standard, Swap-Free, Pro. Deposit requirements, spreads, commissions and eligibility can differ by account; compare the account table and current company terms.

What do traders say about PrimeXBT on FXICON?

There are no approved trader reviews on this profile yet. Editorial ratings and calculated evidence scores are separate from trader-review averages.

Answers reflect the records displayed in this profile. Check licence details and review the underlying sources.