What Account Types and Fees Does PrimeXBT Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Access to a wide range of assets, user-friendly interface |
Ideal for small-capital practice and casual trading |
| Professional Account |
Experienced traders |
Higher leverage, lower spreads, advanced trading tools |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients and institutions |
Customized services, tailored solutions for businesses |
Requires corporate documentation and verification |
| Islamic Account |
Traders seeking swap-free options |
Compliant with Sharia law, no overnight swaps |
Available upon request, subject to verification |
| Demo Account |
New traders wanting to practice |
Risk-free environment, practice trading strategies |
Unlimited access for practice purposes |
Account Opening Process
To open an account with PrimeXBT, follow these steps: First, provide personal information, including your name, email address, and phone number. Next, submit employment details such as your occupation and income source. You will also need to provide financial information regarding your trading experience and investment goals. After this, complete identity verification by uploading necessary documents like a government-issued ID and proof of address (e.g., utility bills or bank statements). It’s important to note that account flexibility allows you to upgrade to a professional account later, depending on your trading activity and qualifications.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive rates for major currencies |
| CFDs (S&P 500) |
0.5 |
$0 |
Low cost for index trading |
| CFDs (Gold) |
15-16 |
$0 |
Varied spreads based on market conditions |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
PrimeXBT also has several other fees to consider. Deposit and withdrawal fees may vary depending on the payment method used. Inactivity fees apply if there are no trading activities for an extended period. Although there are no platform usage fees, users should be aware of overnight interest (swap rates) for positions held overnight. Additionally, currency conversion fees may apply when trading in different currencies or withdrawing funds in a currency other than the base account currency.
