Broker Review

Unauthorised Firm Details

Name: PrimeXBT
Website: primexbt.com

PrimeXBT offers trading in crypto, forex, indices, commodities, and CFDs. It promotes features like high leverage, optional KYC (for some services), and multiple account types. It is a member of the Financial Commission, which provides dispute resolution services.

User reviews are mixed: many users praise low fees, wide asset availability, responsive support, and relatively fast withdrawals. But there are also recurring complaints: problems withdrawing larger sums, delays during verification or manual review, difficulty understanding bonus or reward-program terms, and in some cases, poor support communication.

PrimeXBT is licensed in several jurisdictions: in Seychelles (as a securities dealer), in South Africa (as a Financial Services Provider), in El Salvador and by the digital asset authority there, and in Mauritius (as an investment dealer) under license. However, it is not regulated by some of the stricter authorities (e.g. FCA UK, SEC).

Bottom line: PrimeXBT is a relatively established player with many legitimate features, but it operates in a regulatory grey area for many regions. The presence of user complaints about withdrawals and unclear bonus terms means there is risk, especially for users outside well-regulated jurisdictions. Use with caution; make withdrawals small first, read all terms, and verify local legality.

Location & Risk Notes

• Licensing / Regulators: PrimeXBT holds licenses in several jurisdictions (Seychelles, South Africa, El Salvador, Mauritius) which gives it a degree of formal regulation in those areas.

• Transparency: The site is open about its licenses in certain jurisdictions. Still, ownership and corporate structure can be complex, which makes verifying every claim harder for ordinary users.

• User feedback: Many positive reports (fast deposits/crypto withdrawals, helpful customer service) and some negative ones (withdrawal delays, bonus term confusion, support lags).

• Operational risk factors: High leverage can lead to big gains but also big losses; optional KYC for crypto may appeal to some users, but in many jurisdictions lack of mandatory KYC can bring legal or account-access risks. Reward/bonus programs often have fine print.

• Geographic limitations: Users in some countries may not have full access; certain fiat services aren’t available everywhere; regulatory protections vary greatly by country.