Broker Dossier
PrimeXBT
PXBT Trading Ltd · Seychelles / South Africa
Is PrimeXBT reliable? PrimeXBT holds licenses from FSA, FSCA but is not authorized by the SPK in Türkiye, so local investor protection does not apply for Turkish clients.
Verdict
Not SPK AuthorizedPrimeXBT is regulated abroad but is not SPK-authorized in Türkiye; local investor protection is limited.
Risk warning. Leveraged forex trading carries high risk and, in Türkiye, is subject to SPK regulation (1:10 leverage cap, ~50,000 TRY margin). This content is not investment advice; user statements belong to their authors.
Pros
- Verifiable license number
- MT5 support
- Established (8+ years)
Cons
- Not SPK-authorized in Türkiye
- Reported user risk signals
Frequently Asked Questions
No. PrimeXBT holds foreign licenses (FSA, FSCA) but is not authorized by the SPK in Türkiye.
It is regulated globally; however there is no SPK protection in Türkiye, and leveraged trading carries high risk.
User reports include observations about withdrawal times; details are in the complaints section.