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Cryptobo vs PrimeXBT

Cryptobo or PrimeXBT – which is better for UK traders 2024? Compare Cryptobo and PrimeXBT in this detailed breakdown of their platforms, features and fees.

Cryptobo vs PrimeXBT Comparison Table 2024
Cryptobo	PrimeXBT

1.5	4.1
Cryptobo is ranked #11 among binary options brokers.	PrimeXBT is ranked #31 among CFD brokers.
Review	Review
Cryptobo claims to be the first Bitcoin-based binary options broker, with 1.5 million registered clients and 50,000 trades executed on average per day. Users benefit from 24/7 trading opportunities with up to 91% payouts, alongside no minimum deposit and three-hour withdrawals.	PrimeXBT is a multi-asset platform offering highly leveraged trading in forex, indices, commodities and cryptocurrencies. The company launched in 2018 and now has over 1 million users from more than 150 countries. With no minimum deposit, copy trading features and low commissions, the broker remains a popular option among crypto trading novices.
Pros
You can trade binary options on crypto, stocks, forex, indices and commodities Trade anonymously with no KYC checks High payouts up to 91% per trade Customer support is available 24/7 500 Satoshi bonus for new clients No minimum deposit	The web platform and app were built for technical traders with advanced charting features, a customizable layout and multiple order types including one-cancels-the-other (OCO). Maker and taker fees of at 0.01% and 0.02%, respectively, for crypto futures contracts are highly competitive within the industry. Ultra-fast execution speeds, averaging 7.12ms, make PrimeXBT an excellent option for traders looking to secure the best prices in volatile markets. 24/7 customer support, available via live chat, proved excellent during testing, while the extensive help centre is perfect for self-help. PrimeXBT has added fresh opportunities with new tokens for exchanging and funding, including 1Inch, Aave, and Injective.
Cons
Unregulated broker with low trust score No expiry times beyond five hours Limited company details available Some negative user reviews High minimum withdrawal No live chat support	Despite improvements, the selection of around 100+ instruments still seriously trails competitors, notably OKX with its 400+ assets. While common in the crypto industry, PrimeXBT lacks authorization from a trusted regulator, seriously elevating the risk for retail traders. The lack of integration with established platforms like MT4 will be limiting for traders familiar with the world’s most popular forex trading software.
Awards
	Best Crypto Trading App Best Platform For Margin Trading Most Trusted Crypto Asset Trading Platform Best Crypto And Forex Broker
FCA Regulated
No List of FCA Regulated Brokers	No List of FCA Regulated Brokers
Instruments
Forex, Stocks	CFDs, Cryptos, Forex, Indices, Commodities, Futures
Demo Account
No	Yes
Minimum Deposit
0.0000001 BTC	$0
Payment Methods
	Credit Cards Debit Card
Minimum Trade
0.0000001 BTC	0.01 Lots
Mobile Apps
No	iOS & Android
iOS App Rating

Android App Rating

Margin Trading
No	Yes
MetaTrader 4
No	No
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	No
Auto Trading
	Yes
Copy Trading
No	Yes
Copy Trading Platform
	PrimeXBT offers a decent copy trading service where traders can follow the strategies of other users with free and paid-for signals. Once you have found a suitable strategy provider, you simply need to hit ‘follow’ to get started.
Social Trading
No	Yes
Trade Signals
	No
VPS Hosting
No	No
Tournaments
No	Yes
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$0
Islamic Account
No	No
Account Currencies
	USD EUR GBP
Commodities
	Gold Oil Silver Natural Gas Copper Zinc
CFD
	PrimeXBT offers CFDs across four asset classes with very high leverage up to 1:1000. Beginners can also take advantage of the broker’s useful technical analysis guides and CFD education, plus 24/7 in-platform support via live chat.
Leverage
	1:1000
FTSE Spread
	Variable
GBPUSD Spread<
	Variable
Oil Spread
	Variable
Stocks Spread
	Variable
Forex
You can trade binary options on a range of major, minor and exotic currency pairs such as EUR/USD, USD/JPY and GBP/USD. You can choose the currency asset and timeframe in a few clicks on the web platform.	PrimeXBT offers forex trading on over 50 majors, minors and exotics with margin opportunities and zero commissions. The forex platform is fast, reliable and feature-rich based on our latest tests with 3 charts, 10 timeframes, and 91 technical studies - ideal for active trading strategies.
Assets
16	45+
GBPUSD Spread
N/A	Variable
EURUSD Spread
N/A	0.1
EURGBP Spread
N/A	Variable
Cryptocurrency
Cryptobo combines three of the most popular coins, including Bitcoin, with an array of fiat currencies for 12 cryptocurrency binary options pairs.	Traders can speculate on popular cryptos with commissions as low as 0.05% and high leverage up to 1:200. Additionally, the broker continues to improve its offering by introducing crypto futures as well as trading contests with real prizes.
Spread
N/A	0.05% BTC, 0.05% ETH
Coins
BTC ETH LTC	BTC LTC ETH XRP EOS ADA DOT SOL UNI LINK DOGE BNB ICP SAND more
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Binary Options
Cryptobo is a binary options-only broker with high payouts and a sleek, intuitive trading platform. With no minimum deposit, payouts up to 91% and a minimum trade size 0.0000001 BTC, you can get started quickly.
Payout
91%
Expiration Times
Up to 5 hours
Boundary Options
No	No
Ladder Options
No	No

Cryptobo	PrimeXBT
Review	Review
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