www.primexbt.com has been flagged by AMF (France) for "Unauthorised". Category: Forex This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.primexbt.com.
The reporting at www.primexbt.com is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: API access|Full transparency|High security standards|Regular platform improvements
Cons: Wish they had more educational resources
www.primexbt.com seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Regular updates|Automated trading options
Cons: Account statements could be more detailed
KYC with www.primexbt.com is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Full transparency|Comprehensive tools|Responsive team
Cons: Website design could be more modern
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. www.primexbt.com recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Low minimum deposit|Intuitive for beginners|Social trading features|API access
Cons: Wait times can be long during peak hours
I requested my data from www.primexbt.com under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: High security standards|Multiple order types|Low minimum deposit
Cons: Could offer more webinars
I experienced a security concern with my www.primexbt.com account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Easy to use platform|Demo account available|Portfolio tracking tools|Fast support response
Cons: Inactivity fee applies after 12 months|No fractional shares
I found www.primexbt.com after a family member had a good experience and the initial impression was positive. But for close to eighteen months later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Easy withdrawals|Economic calendar|Excellent charting
Cons: Withdrawal takes 1-2 business days
The spread at www.primexbt.com is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them through my accountant's suggestion and initially thought the platform was good - until I started trading seriously.
Pros: API access|Copy trading available
Cons: Some tools only available on higher tiers|Limited cryptocurrency options
My card was charged twice by www.primexbt.com on the same day. I had to dispute it with my bank. www.primexbt.com then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Great customer service|Fast execution
Cons: Wish they had more educational resources|No crypto staking
www.primexbt.com advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Great customer service|Fast execution
Cons: Some tools only available on higher tiers|Wish they had more educational resources