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PrimeXBT

PrimeXBT is an offshore platform for leveraged trading in cryptocurrencies and CFDs, active since 2018 and without a MiCA licence. In December 2021 CONSOB (Italy's securities regulator) ordered it to stop operating in Italy and had its website blocked.

Riccardo CuratoloBy Riccardo Curatolo 3 min read How we work
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CONSOB warning. With resolution no. 22119 of 16 December 2021, CONSOB ordered Prime XBT Trading Services LLC, with its stated registered office in Saint Vincent and the Grenadines, to cease the unauthorised provision of investment services to the Italian public through www.primexbt.com and the my.primexbt.com page (CONSOB resolution). On 23 December 2021 the Authority announced that it had also ordered the website to be blocked. Both measures are still published on CONSOB's website and there is no record of any revocation. Anyone with an account has as their counterparty a company based outside the European Union, which is not supervised by EU authorities. Updated 26 October 2026.

What PrimeXBT is

PrimeXBT is an online trading platform active since 2018, according to the company. It offers perpetual contracts on cryptocurrencies and CFDs on currencies, indices, commodities, shares and cryptocurrencies, as well as the purchase of bitcoin and ether by card or bank transfer. Trading takes place on the proprietary PXTrader platform and, at some group companies, on MetaTrader 5. The website advertises leverage from 1x to 1000x. With leverage of 1000 to 1, a 0.1% move against the position is enough to wipe out the margin deposited: losses can be very rapid. The group operates through companies registered outside the EU, including in South Africa, El Salvador and Saint Lucia. (Verified: October 2026)

Regulation and licences

(Verified: October 2026)

  • MiCA: NO — no group company appears in the ESMA register of crypto-asset service providers (update of 22 October 2026). The website states that its content is not intended for residents of the European Economic Area and that the company does not seek clients there, but it accepts those who sign up on their own initiative.
  • CONSOB (Italy): cease-and-desist order of 16 December 2021 (resolution no. 22119) and blocking announced on 23 December 2021. There is no record of subsequent measures concerning PrimeXBT or any of its other domains (archive of warnings and list of blocked websites, consulted on 26 October 2026).
  • CNMV (Spain): warning of 27 April 2020 about primexbt.com/es, PrimeXBT Trading Services Ltd and Prime Technologies Ltd, which are not authorised to provide investment services.
  • AMF (France): www.primexbt.com has been on the blacklist of unauthorised Forex websites since 7 June 2021.
  • SC (Malaysia): since 19 August 2025 PrimeXBT has been on the Securities Commission's alert list for unauthorised securities dealing.
  • CNAD (El Salvador): Prime XBT Trading Services, S.A. de C.V. is listed in the CNAD's public register as a digital asset service provider (no. PSAD-0045, status "vigente", i.e. in force, registered on 13 March 2025).
  • Declared by the company, not verified in the registers: licences from the FSCA (South Africa), the Seychelles FSA and the FSC of Mauritius, and registration with the Banco Central de Reserva of El Salvador.

Security

At the October 2026 check, reliable sources showed no cyberattacks involving the theft of customer funds and no widespread withdrawal freezes. The company states that it keeps cryptocurrencies in cold wallets through Fireblocks, segregates client funds and applies negative balance protection: these claims cannot be verified from the outside. The main limitation is structural: anyone using a service that is not authorised in the European Union does not have the protections provided by European rules.

Headquarters and contacts

  • According to the website and the terms and conditions (version 39.0, October 2026): the website belongs to PrimeXBT (Pty) Ltd of Gordon's Bay (South Africa); the counterparty under the general terms is PrimeXBT Trading Services Ltd, incorporated in Saint Lucia (no. 2024-00343), with its registered office in Rodney Bay, Gros Islet.
  • Official website: no link, because the primexbt.com domain has been blocked by CONSOB.

Alternatives

Operators with a MiCA licence in the European Union (ESMA register, October 2026):

  • Kraken — MiCA licence from the Central Bank of Ireland
  • Bybit — MiCA licence from the Austrian authority FMA
  • OKX — MiCA licence from the Maltese authority MFSA

FAQ

Is PrimeXBT legal in Italy? No. It is not authorised to provide investment services in Italy: in December 2021 CONSOB ordered it to cease its activity and ordered its website to be blocked. Nor does it have a MiCA licence (Verified: October 2026).

Does PrimeXBT have a licence? It has registrations outside the EU: the one with El Salvador's CNAD appears in the public register, while the others are declared by the company. None of them is valid in the European Union (Verified: October 2026).

Verified sources

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