Prime XBT does not offer a Demo Account. The Demo account interface is ideal for traders who want to learn to trade without incurring any trading risks or losses.
Prime XBT at a Glance
| 🔎 Broker's Name | PRIME XBT |
| 📍 Headquartered | St. Vincent & Grenadines |
| 📅 Year Founded | 2018 |
| ⚖️ Regulating Authorities | Not regulated |
| 🌐 Countries not accepted for trade | United States, Japan, Saint Vincent and the Grenadines, Canada, Algeria, Ecuador, Iran, Syria, Korea, Sudan, United States Outlying Islands, American Samoa, Russian Federation. |
| ☪️ Islamic Account (Swap Free) | No |
| 👍 Demo Account | No, but PrimeXBT Contests allows traders to compete using risk-free demo funds in weekly trading competitions. Because there is no risk, traders can practice for free and without the fear of loss. |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | 1:1000 |
| 💰 Minimum Deposit | No minimum deposit |
| 💳 Deposit Options | BTC, ETH, USDT, USDC, credit card & debit card |
| 💳 Withdrawal Options | BTC, ETH, USDT, USDC |
| 💻 Platform Types | Proprietary (Crypto Futures & CFDs on Traditional Assets) |
| 📱 OS Compatibility | Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad. |
| 📈 Tradable Assets | Cryptocurrencies, S&P 500, Gold, EUR/USD and more than 30 other assets |
| 👨💼 Languages supported on Website | English, Chinese, German, French, Turkish, Vietnamese, Japan, Korean |
| 👥 Customer Support Languages | English, Chinese, German, French, Turkish, Vietnamese, Japan, Korean |
| 📆 Customer Service Hours | 24/7 |
| 👉 Open a account | 👉 Click Here |
Min Deposit
USD 1 / 0,0001 in BTC
Regulators
FCIS
Trading Platform
Proprietary Platform
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Prime XBT Demo account – 8 key points quick overview:
Prime XBT at a Glance- Prime XBT Demo account – 8 key points quick overview:
- How to set up a Prime XBT Demo Account – Step by Step
- Prime XBT Demo Account Features
- Prime XBT Customer Reviews
- Prime XBT Pros and Cons
- Conclusion
- Frequently Asked Questions
Finding a reputable list of Prime XBT demo accounts local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.
Below is an in-depth Demo Account review regarding this regulated Forex company, which will assist traders to make an informed decision when it comes to using this brokers platform and their trading interface.
How to set up a Prime XBT Demo Account – Step by Step
PrimeXBT does not provide an option to open a demo account, however, traders are able to open a live trading account and do a limited amount of practicing on the platform itself.
PrimeXBT accounts can only be opened with Bitcoin.
Note that no personal information for KYC verification is needed since PrimeXBT is an anonymous exchange, which is beneficial for traders who would not like to submit or upload a lot of personal documentation because they value their online privacy.
This is another factor that makes the exchange less of a target for identity thieves and hackers who may be on the lookout for easy targets in databases.
Follow these steps to open an account:
Step 1 – Open Your Account
An account with PrimeXBT is easily created just by clicking on the Register tab on the website.
Step 2 – Fill out the form
A trader must wait for an email for verification and may also enable two-factor authentication after logging in for extra safety.
Complete the simple online registration form. Provide your full name, email address, and phone number, and create a password for your account
A demo account is also referred to as a practice account because it provides traders with the ability and freedom to explore a broker’s offering without running the risk of losing money, due to the provision of virtual money with which to ‘trade’.
Min Deposit
USD 1 / 0,0001 in BTC
Regulators
FCIS
Trading Platform
Proprietary Platform
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Prime XBT Demo Account Features
Demo accounts allow traders to explore the broker’s offer and the trading platforms that they offer and brokers who do not offer this are at a slight disadvantage when compared to the various other brokers who do offer this along with similar trading conditions.
A demo account imitates the conditions of a live trading account and gives traders access to the same functions, features, and options they would have on a live trading account, with the exception that the demo account is risk-free since they make use of virtual funds to conduct their trading. Due to this, traders cannot withdraw any profits which are made on the demo account.
Min Deposit USD 1 / 0,0001 in BTC Regulators FCIS Trading Platform Proprietary Platform Crypto Yes Total Pairs 0 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Prime XBT Customer Reviews
Awesome didn’t believe it until I was able…
Awesome didn’t believe it until I was able to withdraw… Guys there are the best
Before
Before, I didn’t trade Forex. I just heard about it, and my friends often discussed the stock market, the rise of bitcoin, etc. It seemed to me something cool and exciting.
I always use my principle that good cooperation cannot be built without trust. And it doesn’t matter if you are working with a person or a company. The most important thing is trust for primeXBT.
Prime XBT Pros and Cons
| ✔️ Pros | ❌ Cons |
| Broker runs a blog for customers | Does not offer the popular MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms |
| Covesting module provided | Limited deposit and withdrawal methods |
| Easy sign-up and login process | Little research options available |
| High leverage allowed | No automated trading is possible |
| A minimum deposit of 0.001 BTC is needed to start trading | No demo account can be opened |
| No personal data is required when opening an account | Not licensed or regulated |
| Offers Bitcoin and trading with other cryptocurrencies | Only online customer support provided |
| Round-the-clock trading hours | |
| Fast execution times |
Conclusion
Overall, PrimeXBT does not offer a Demo Account. The Demo account interface is ideal for traders who want to learn to trade without incurring any trading risks or losses.
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Frequently Asked Questions
Can traders from South Africa open a Prime XBTdemo account?
Prime XBT also operates in South African markets, and one can easily open an account if one choose to trade with Moneta. However, it doesn’t allow you to open an account in ZAR.
Can I convert my demo account to a live trading account with Prime XBT?
No demo account is available to be converted.
For how long is the Prime XBT demo account valid?
At present, there is no demo account
Is the Prime XBT demo account rigged?
No, Prime XBT doesn’t have a demo account
Is the Prime XBT demo account the same as a real account?
No, PrimeXBT does not offer a free demo trading account for beginner traders to train on.
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