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XBTFX vs PrimeXBT

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

XBTFX vs PrimeXBT Comparison Table 2024
XBTFX	PrimeXBT

2	4.1
XBTFX is ranked #91 among CFD brokers.	PrimeXBT is ranked #30 among CFD brokers.
Review	Review
XBTFX is a fintech broker offering trading opportunities on 200+ instruments via the powerful MT4, MT5 or cTrader terminals. The low minimum deposit, copy trading services and competitive trading fees makes it an appealing brand for traders of all strategy types. The broker has a decent client base of 10,000.	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
I'm a fan of the transparent ECN pricing model with competitive spreads from 0.01 pips and commissions of $3.50 per lot per side I was glad to see copy trading is available via the MT5 terminal or through the broker's PAMM/MAM accounts I appreciate the low minimum deposit requirement of $10 plus a demo account, making the brand suitable for beginners Standard, ECN and Islamic account types cater to various trading strategies that require different pricing models There are no deposit and withdrawal fees, plus I'm impressed that the broker facilitates same day withdrawal processing	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
XBTFX is an unregulated broker meaning there are no requirements to comply with financial safeguarding measures for customers I noticed that there is quite limited educational content for beginners available and much of the financial market news is outdated I'm disappointed that the only funding currencies are EUR or cryptos	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
CFDs, Forex, Stocks, Cryptos, Commodities	CFDs, Cryptos, Forex, Indices, Commodities, Futures
Demo Account
Yes	Yes
Minimum Deposit
$10	$0
Payment Methods
	Credit Cards Debit Card
Minimum Trade
0.01 Lots	0.01 Lots
Mobile Apps
iOS & Android	iOS & Android
iOS App Rating

Android App Rating

Margin Trading
Yes	Yes
MetaTrader 4
Yes	No
MetaTrader 5
Yes	No
cTrader
Yes	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
Yes	No
DMA Account
Yes	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	Yes
Copy Trading
Yes	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
Yes	No
Account Currencies
USD	USD EUR GBP
Commodities
Oil Silver	Gold Oil Silver Natural Gas Copper Zinc
CFD
I found a fairly decent range of 200+ CFDs across 5 asset classes on the MT4, MT5 or cTrader terminals. I particularly like the copy trading solutions, STP execution and the fact that you can get started with just $10.	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
1:500	1:1000
FTSE Spread
Variable	Variable
GBPUSD Spread<
Variable	Variable
Oil Spread
Variable	Variable
Stocks Spread
Variable	Variable
Forex
XBTFX offers a large list of 70+ major, minor and exotic currency pairs such as EUR/USD or GBP/JPY. I find spreads very competitive starting from 0.01 pips and leverage up to 1:500 for experienced investors.	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
79	45+
GBPUSD Spread
Variable	Variable
EURUSD Spread
Variable	0.1
EURGBP Spread
Variable	Variable
Cryptocurrency
There's an excellent range of 70+ cryptocurrency vs USD pairs such as BTC/USD, ETH/USD and XRP/USD with leverage up to 1:25. My tests also found competitive commission fees of 0.075%.	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
Variable	0.05% BTC, 0.05% ETH
Coins
BTC BCH ETH LTC XRP BNB BAT DASH EOS ETC IOTA NEO OMG TRX XLM XMR ZEC ADA DOGE SOL DOT LINK MTC UNI ALG FIL MKR	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

XBTFX	PrimeXBT
Review	Review
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