Prime XBT is a Bitcoin-based platform, offering over 30+ assets including Crypto, Forex, Commodities, and Stock Indices. The company provides traders with access to top-tier liquidity and wide range of trading tools, while maintaining security, liquidity, enabling a safe and efficient trading environment for everyone.

PrimeXBT also claims to provide the highest leverage across all of the available instruments and platforms and have low trading fees and benefits from the most competitive trading conditions in the market.

Is PrimeXBT a scam or legit broker?

No, it is not safe to trade with it, as it is an offshore broker. PrimeXBT is owned and operated by two companies, both registered offshore. Trading Services Ltd is a Seychelles company Reg. nr. 206865 and Prime Technologies Ltd. registered in the St. Vincent and Grenadines company nr. 25369BC2019.

Both Seychelles  and St. Vincent and the Grenadines are notorious for their practically absent requirements and regulations. Due to this, the setup cost is low and it does not regulate forex trading. Therefore, they became offshore zones for shady forex brokers such as Hugo’s Way, JustForex and more. You can also read our detailed article about the risk of trading with brokers from St. Vincent and the Grenadines.

Prime XBT does not provide any information about its location or any contact details. All the reliable and regulated brokers always provide these details and keep contact information transparent for their clients. This is one of the red flags when it comes to trading with the mentioned broker. 

We advise all investors and traders to avoid Prime XBT  and other offshore brokers. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FXTM and XM.com.

You can also share your trading experience with Prime XBT by commenting on this review.

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