PrimeXBT Account Types

Choosing the correct account type ensures traders have the tools to succeed in a trader-friendly trading environment. What about the PrimeXBT account types? Do you get an unlimited PrimeXBT demo account? Does PrimeXBT reward active, high-volume traders? During my PrimeXBT review, I examined what PrimeXBT offers. Learn the pros and cons of the PrimeXBT account types, read about the account features at PrimeXBT, and get a step-by-step guide on opening your PrimeXBT account.

PrimeXBT Account Types

PrimeXBT offers one account type to all traders, which they can test with the PrimeXBT demo account.

PrimeXBT Account Types Features
Individual
Minimum Deposit
$1 or 0.0001 BTC
Average Forex Spreads
0.9 pips
Commissions
Commission-free
Maximum Leverage
1:1000
Minimum Trade Size
0.01 lots
Account Base Currencies
USD

PrimeXBT Account Features

PrimeXBT offers traders a choice of trading platforms with a crypto-forward trading infrastructure.

All PrimeXBT account types offer traders the following:

PrimeXBT Account Pros & Cons

Before funding an account, traders may consider the pros and cons of the PrimeXBT account types.

The pros of the PrimeXBT account types are:

  • A $1 PrimeXBT minimum deposit
  • Competitive leverage
  • Algorithmic trading
  • A demo account
  • An investor compensation fund

The cons of the PrimeXBT account types are:

  • No volume-based rebates for high-volume traders
  • Limited asset selection

How to Open a PrimeXBT Account - Step-by-Step

An online application onboards new traders. The geographic location of traders determines the PrimeXBT entity and available trading features.

Below is a step-by-step guide on how to open PrimeXBT account types:

  • Click “Open Account” or “Register” on the PrimeXBT homepage.
  • Choose a valid e-mail address and desired password to access the back office. Traders may also use their Google or Apple IDs to complete the initial step.
  • PrimeXBT complies with global AML/KYC requirements, making account verification mandatory. Most traders pass it by uploading a copy of a government-issued ID and one proof of residency document.

Restricted countries:

  • Traders from the USA, Japan, Canada, Cuba, Israel, Iran, New Zealand, Syria, North Korea, Sudan, United States of Minor Outlying Islands, America Samoa, Russian Federation, Myanmar, Saint Lucia, Puerto Rico, Guam, US Virgin Islands, and Northern Mariana Islands are not accepted.

PrimeXBT Account Types Bottom Line

The PrimeXBT account types are one identical account for everyone, plus a demo account for its CFD and crypto futures trading platforms. Trading fees are reasonable for a South African broker offering commission-free trading. Traders can deposit and withdraw in cryptocurrencies, e-wallets, and credit/debit cards. The minimum deposit is $1 or 0.0001 BTC.

Broker Comparison

FAQs

Is PrimeXBT safe?

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PrimeXBT is a safe and well-regulated broker with excellent security features and a compensation fund of up to €20,000 per trader via the Hong Kong-based Financial Commission.

Which platforms are supported by PrimeXBT?

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PrimeXBT offers MT5, DXTrade, its proprietary web-based alternative and its mobile app.

What countries are restricted by PrimeXBT?

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PrimeXBT does not accept traders from the USA, Japan, Canada, Cuba, Israel, Iran, New Zealand, Syria, North Korea, Sudan, United States of Minor Outlying Islands, America Samoa, the Russian Federation, Myanmar, Saint Lucia, Puerto Rico, Guam, the US Virgin Islands, and the Northern Mariana Islands.

Does PrimeXBT require KYC?

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PrimeXBT requires all traders to complete KYC and account verification.

What is PrimeXBT’s minimum deposit?

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The PrimeXBT minimum deposit is $1 or 0.0001 BTC.

By DailyForex.com Team
The DFX Team at DailyForex is a group of veteran financial analysts, traders, and brokerage industry experts dedicated to producing in-depth broker reviews and cutting-edge market insights, plus analysis of market trends. Holding over 16 years of experience in global financial markets, and 4 B.A. level academic qualifications in relevant degrees, we conduct thorough, unbiased evaluations of brokers to enable traders make informed decisions, using the most advanced methodology in the industry. Also, the DFX team is involved in generating technical analysis, signals, and trading strategies, with a consistent commitment to accuracy and transparency. Whether you’re a beginner or a professional trader, the DFX Team works to ensure you have the tools and insights you need to succeed as a trader in the retail CFD industry.