PrimeXBT

zack18

1-2年

Does the regulatory status of PrimeXBT impact its legitimacy?

WikiFX 回答

PrimeXBT’s regulatory status does impact its legitimacy, but in a somewhat nuanced way. The broker is regulated by both the FSCA in South Africa and the FSRA in Saint Lucia, which adds a layer of credibility, but I have reservations due to the “Exceeded” status with the FSCA. For me, this status indicates that the broker may not be fully adhering to the latest standards, which could be a red flag. While offshore regulation from the FSRA offers some legitimacy, it doesn’t provide the same level of protection as a broker regulated by more established authorities. In my PrimeXBT review, I would caution traders to weigh the risks of trading with an offshore-regulated platform. The combination of an “Exceeded” regulatory status and offshore regulation makes PrimeXBT more of a risk, and I would advise potential users to assess whether they are comfortable with these factors before committing funds.

Broker Issues

PrimeXBT

Regulation

08-05

美国

TJensen

1-2年

What are the spreads at PrimeXBT?

WikiFX 回答

PrimeXBT offers variable spreads depending on the trading instrument and account type, with the lowest spreads starting from 0.1 pips for CFD trading. This is very attractive to me as a trader, as tighter spreads can significantly reduce trading costs. I find the 0.1 pip spread for CFDs quite competitive, especially when compared to other brokers that charge higher spreads. Tighter spreads are particularly useful when trading with leverage, as they minimize slippage and increase the efficiency of my trades. However, spreads can vary based on market conditions and the specific asset being traded, so I always double-check the live spread before placing any trade. In my PrimeXBT review, I would highlight the low starting spread as a positive aspect, but I would also advise checking the live spreads before committing to larger trades.

Broker Issues

PrimeXBT

Fees and Spreads

07-28

美国

sweetosh

1-2年

How long does it take to withdraw funds from PrimeXBT?

WikiFX 回答

PrimeXBT offers relatively fast withdrawal processing times, with e-wallet withdrawals like Skrill and Neteller processed instantly, which is a huge benefit for me as I prefer quick access to my funds. For crypto withdrawals and bank transfers, processing times can take a bit longer—typically 1-2 business days. From my experience, I find e-wallet withdrawals to be the quickest and most efficient way to access my profits. I would recommend using e-wallets if speed is a priority for you, especially if you need your funds without delay. In my PrimeXBT review, I would stress the speed of e-wallet withdrawals and suggest they’re the most convenient method for fast processing times.

Broker Issues

PrimeXBT

Withdrawal

Deposit

07-01

美国

marcustan

1-2年

Are there any fees for deposits or withdrawals with PrimeXBT?

WikiFX 回答

PrimeXBT does not charge any deposit fees, which is a positive factor for me. Many brokers charge a fee for deposits, especially when using credit cards or bank transfers, so it’s nice to see a broker that keeps costs low on the deposit side. However, withdrawals do come with a fee of up to 1%, depending on the method used. This is something that I would need to factor in, especially if I plan on making frequent withdrawals. In my PrimeXBT review, I would mention that while the deposit process is free, the 1% withdrawal fee could be a deal-breaker for traders like me who need fast access to their funds regularly. If I were to trade actively and make regular withdrawals, this fee could add up over time, so I would be cautious when planning my withdrawal strategy.

Broker Issues

PrimeXBT

Fees and Spreads

06-29

美国