Contributor, Benzinga
June 8, 2022
Overall Rating:
securely through PrimeXBT's website

PrimeXBT, founded in 2018 and opened in 2019, is a multi-asset brokerage that features up to 100 times leveraged trading on the most popular cryptocurrencies and stock indices, and up to 1,000 times leverage on forex pairs and commodities. The experience is broken down between dynamic crypto futures trading and CFDs for traditional assets. The brokerage also charges dynamic fees that decrease to as low as 0.001% as your balance grows.

The platform features a few trading products to serve all of your needs, including the flagship PrimeXBT crypto futures platform, which offers comprehensive trading tools, an educational platform called PrimeXBT Trading Academy, weekly trading competitions, and the Covesting copy trading module, which allows you to copy strategies and invest alongside other experienced traders of your choice. All trading aspects of the trading platform feature a modern and sleek customizable user interface.

PrimeXBT requires KYC in the same way as other brokerages do. The platform boasts a plethora of safety features to ensure the security of your funds and account. Some features include 2FA, manual withdrawal clearance, crypto address whitelisting and cold storage of digital assets.

Best For
  • Traders who are looking to maximize their profits
  • Active traders
  • Traders of any level
  • Traders who prefer anonymity
  • Traders who want to diversify their portfolios across different asset type
  • Traders who want good customer support — 24/7 live chat feature in 16 languages
  • Up to 100x leverage for crypto and stock indices trades
  • Up to 1,000x leverage for forex and commodity trades
  • Variable leverage system and choice between cross or isolated margin
  • Long and short trading with multiple order types
  • Customizable and friendly user interface
  • Low fees
  • No need for KYC verification
  • Not available in the U.S., Canada, Japan, and other countries/regions
  • No spot trading

PrimeXBT Ratings at a Glance

PrimeXBT Trading Options


PrimeXBT’s flagship trading platform includes a fully customizable workspace with an extensive suite of trading tools. Not only can you trade Bitcoin and other altcoins via crypto futures, but PrimeXBT also supports CFDs for forex, indices and commodities to trade. Also, unlike most exchanges, you can trade with up to 200x leverage. However, this system is adjustable for users who prefer to take on less risk. The service provides you with professional charting tools, allowing you to manage orders and place trades without having to switch between tabs or windows. PrimeXBT supports market, limit, stop and OCO orders (visit this link to learn more about these order types). The brokerage also allows you to deposit, withdraw and store assets in a secure personal wallet that is kept offline. PrimeXBT features ultra-fast order execution from 12 liquidity providers and processes over 12,000 orders per second, helping you get in at the best available prices.


The Covesting platform allows you to choose from a list of best-performing traders and copy their trading activity. First, you can choose your preferred trader, then allocate a portion of your balance toward your chosen strategy, and finally can follow your trades. You are able to follow multiple traders and allocate varying amounts of your balance toward different strategies. If you’re a strong trader, you can monetize your trading strategy by receiving fees from your follower’s gains. The more followers you have, the more money you can make.

Cryptocurrency Offerings

PrimeXBT stands out by offering a wide variety of cryptocurrencies for traders to choose from, accommodating diverse investment interests and strategies. The platform features popular and established cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), as well as sought-after altcoins like Litecoin (LTC), Ripple (XRP), and Cardano (ADA).

In addition to these well-known options, PrimeXBT also supports newer and high-potential digital assets like the meme-inspired Dogecoin (DOGE) and the fast-growing Solana (SOL) network. Traders can also explore opportunities with Polkadot (DOT), which aims to enable cross-chain communication, and the privacy-focused Monero (XMR). 

If you're a risk-tolerant investor and are looking for extra gains, PrimeXBT offers leveraged trades. While this increases your potential returns, it adds a significant amount of risk as well. If you aren't an experienced trader, you should be weary of using leverage.


PrimeXBT offers trading on 11 global indices from the U.S., EU, U.K., France, Spain, Hong Kong and Japan.


PrimeXBT offers trading on 51 forex pairs between USD, EUR, GBP, AUD, CAD, CHF, JPY, MXN, HKD, TRY, ZAR, NZD, SGD, RUB and Gold (XAU).


PrimeXBT offers commodity trading on gold, Brent oil, U.S. crude oil and U.S. natural gas. Base metals such as aluminum, copper, zinc, lead, and more were recently included.

PrimeXBT Customer Service

PrimeXBT has a large Help Center section that can be accessed by navigating to the brokerage’s help center found in the sitemap (bottom of the website) in the “About” column. The Help Center page answers over 50 questions across several categories and provides valuable instructions on how to use the platform. Additionally, this help center has a substantial amount of information regarding topics such as trading conditions, leveraged trading, security and deposits/withdrawals. Almost any question you have can be easily answered in the help center as it is full of information and elegantly laid out in a linked table of contents styled outline. If you have a question that cannot be answered in the help center or were simply unable to find the information you were looking for, PrimeXBT offers a 24/7 live chat feature that is available in 16 different languages. Unfortunately, PrimeXBT does not provide a customer service hotline.

PrimeXBT Pricing

PrimeXBT accounts are free and commissions are super competitive. Fees are laid out clearly next to each potential trade, so there are no surprise fees after execution. You are also able to earn more in crypto through PrimeXBT’s affiliate program, which offers a revenue share, CPA, and hybrid referral plans on up to four levels of referral. You can also earn income from helping other traders profit by letting them covest with your strategy.

PrimeXBT Mobile App

Its Android and iOS mobile app is clean and mirrors the site closely with the same functionality and enhanced security. Sign-up and account registration is easy through the app.

The PrimeXBT mobile app offers a seamless trading experience with an intuitive interface, allowing users to access a wide range of trading instruments and real-time market data. With the app, traders can manage their portfolio, execute orders, and monitor positions on the go, ensuring they never miss a trading opportunity. The app also features top-notch security, customizable alerts, and quick deposits and withdrawals, making it a powerful and convenient tool for traders of all levels.

PrimeXBT User Benefits

  • Lots of trading options in a variety of markets
  • Multiple types of trading strategies
  • Competitive pricing
  • Diversity in your portfolio
  • Lots of extra information and a blog
  • Helpful and easy to use price charts
  • Covesting gives you the opportunity to earn passive income
  • Anonymity

PrimeXBT User Experience

  • The site is customizable, easy to use and navigate.
  • A lot of charting tools enable traders to do as much research and analysis as they need.
  • Access to several markets such as crypto futures and CFDs on traditional assets.
  • Financial information is easily accessible.
  • Each trading tool is explained in detail.
  • The referral program helps you earn extra money.
  • Live chat is helpful.
  • Deposit $500 or more at PrimeXBT and claim your $100 bonus within 48 hours of registration, valid for 14 days.

PrimeXBT vs. Competitors

PrimeXBT differentiates itself from competitors by providing you with access to multiple market types along with excellent charting data and tools. While it may not be the best option if you are looking to trade a specific asset, PrimeXBT allows you to diversify exposure to several different asset classes at once. PrimeXBT also offers 3 trading platforms, giving you the choice of how you want to trade. PrimeXBT also offers several types of trading features using a single account, giving you the choice of how you want to trade. 

PrimeXBT Overall Rating

While PrimeXBT is undoubtedly one of the best trading platforms in existence today, it is not available for use in several major countries including the US and Canada, making it hard to justify a perfect 5/5 rating. If you reside outside the U.S. and are looking for a platform that provides anonymity, is safe and secure, offers a diverse set of investment options, and supports varying methods of trading, PrimeXBT is your solution.

PrimeXBT Tutorial

Frequently Asked Questions


Is PrimeXBT legit?


Yes. The platform services 150 countries and offers a wide range of tracing tools. Plus, it is powered by well known names like Devexperts, Covesting and Bitfury crystal.


What can you trade on PrimeXBT?


You can trade 51 forex pairs, 11 global indices, 4 cryptocurrencies and 4 commodities on PrimeXBT.

User Reviews

Joe Benson

How do you use this product to boost your finances?

In these three months of trading on copy trade Prime XBT, I raised $400 with covesting. Not too much but good enough for beginning, hope I will make more soon, with the capabilities of the platform it doesn’t seem to be a big deal


How do you use this product to boost your finances?

Only myself and my family knows how much i regretted investing with this fraud company. DON'T DO IT!!!, I nearly lost all my savings due to this company, if it wasn't for dorcasterplconline . com who were able to withdraw my funds for me, they got my ret

Anke Moench

How do you use this product to boost your finances?

Heutzutage gibt es eine Vielzahl von Dienstleistungen, die sowohl positive als auch negative Seiten. Zuallererst Sie müssen wissen, dass es mehr positives als negatives gibt.

Fabian Berrios

Ulrich Strauss

How do you use this product to boost your finances?

Ich mag diese Firma und kann nur mit den guten Eindrücken einteilen. PrimeXBT Copy Handelsplattform Covesting ist nicht ein komplexes System auch für Anfänger wie mich.


How do you use this product to boost your finances?

Dependiendo de cómo se haga. En 2021, se clasificó como uno de los métodos de inversión y comercio más rentables. La rentabilidad esperada se sitúa entre el 5 y el 20%. Ofrece a los principiantes la oportunidad de aprender mientras operan.

Wolfgang Jaeger

How do you use this product to boost your finances?

Copy Trading mit PrimeXBT ist definitiv eine gute Idee. Auf diese Weise können sowohl unerfahrene als auch erfahrene Trader beim Handel mit Devisen, Aktien, CFDs und vielen anderen Finanzanlagen voneinander profitieren.

Víctor Valenzuela

How do you use this product to boost your finances?

El servicio de copy trading de PrimeXBT es uno de los servicios clave que diferencia a PrimeXBT de otros brokers. La idea es simple: hay una selección de operadores en el sitio web y cada uno tiene su propia cartera.


How do you use this product to boost your finances?

Die beste Krypto Copy Trading Plattform ist auf PrimeXBT verfügbar. Ich mag dieses Tool total und sehe bisher keine Nachteile. Covesting ist das Instrument, das es mir erlaubt, den Handel und meinen regulären Job zu kombinieren.

Kaukel Acuna

How do you use this product to boost your finances?

Cuando utiliza el servicio de copia de operaciones de PrimeXBT, tiene la posibilidad de controlar constantemente su rendimiento y evaluar sus resultados. Al copiar a los operadores de divisas, no tiene que preocuparse por entrar o salir a tiempo.

William Franklin

How do you use this product to boost your finances?

Greetings!!! Due to the high rate of fraudulent activities in the Cryptocurrency Market the US Authority and other regulatory Bodies (FUND RECOVERY DESK)have decided to sanction all Brokers activities . In the course of this investigation we uncovered

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