Bybit vs PrimeXBT
Bybit or PrimeXBT – which is better for UK traders 2024? Compare Bybit and PrimeXBT in this detailed breakdown of their platforms, features and fees.
Bybit | PrimeXBT |
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Bybit is ranked #82 among crypto brokers. | PrimeXBT is ranked #33 among CFD brokers. |
Bybit has closed or no longer accepts UK clients.
Bybit is an established crypto exchange aimed at online traders. Clients can speculate on leading tokens like Bitcoin, access crypto staking and loans, or trade NFTs using the firm's digital marketplace. Millions of users have signed up with the firm since it launched in 2018. |
PrimeXBT is a multi-asset platform offering highly leveraged trading in forex, indices, commodities and cryptocurrencies. The company launched in 2018 and now has over 1 million users from more than 150 countries. With no minimum deposit, copy trading features and low commissions, the broker remains a popular option among crypto trading novices. |
Pros | |
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Cons | |
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Awards | |
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FCA Regulated | |
No | No |
Instruments | |
Cryptos, Futures | CFDs, Cryptos, Forex, Indices, Commodities, Futures |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$0 | $0 |
Payment Methods | |
Minimum Trade | |
0.001 Lots | 0.01 Lots |
Mobile Apps | |
Yes (iOS & Android) | iOS & Android |
iOS App Rating | |
Android App Rating | |
Margin Trading | |
Yes | Yes |
MetaTrader 4 | |
Yes | No |
MetaTrader 5 | |
No | No |
cTrader | |
No | No |
AlgoTrader | |
No | No |
OmniTrader | |
No | No |
TradingView | |
Yes | No |
Autochartist | |
No | No |
eSignal | |
No | No |
Trading Central | |
No | No |
STP Account | |
Yes | No |
ECN Account | |
No | No |
DMA Account | |
No | No |
MAM Account | |
No | No |
PAMM Account | |
No | No |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
Yes | No |
Robo Advisor | |
No | No |
Negative Balance Protection | |
No | Yes |
Market Maker | |
No | No |
P2P Trading | |
Yes | No |
Spot Trading | |
Yes | No |
Auto Trading | |
Via 3rd party software | Yes |
Copy Trading | |
Yes | Yes |
Copy Trading Platform | |
Use the Top Traders leaderboard to follow experienced crypto investors. Mirror positions on Bitcoin, Ethereum and more for a small charge. | PrimeXBT offers a decent copy trading service where traders can follow the strategies of other users with free and paid-for signals. Once you have found a suitable strategy provider, you simply need to hit ‘follow’ to get started. |
Social Trading | |
No | Yes |
Trade Signals | |
No | |
VPS Hosting | |
Yes | No |
Tournaments | |
No | Yes |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Inactivity Fee | |
$0 | $0 |
Islamic Account | |
No | No |
Account Currencies | |
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Commodities | |
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CFD | |
PrimeXBT offers CFDs across four asset classes with very high leverage up to 1:1000. Beginners can also take advantage of the broker’s useful technical analysis guides and CFD education, plus 24/7 in-platform support via live chat. | |
Leverage | |
1:1000 | |
FTSE Spread | |
Variable | |
GBPUSD Spread< | |
Variable | |
Oil Spread | |
Variable | |
Stocks Spread | |
Variable | |
Forex | |
PrimeXBT offers 50 forex pairs, which is above the industry average and covers a good range of majors, minors and exotics. Traders can enjoy trading via margin with zero commissions. Additionally, the broker’s copy trading service allows you to explore various currency trading strategies. | |
Assets | |
45+ | |
GBPUSD Spread | |
Variable | |
EURUSD Spread | |
Variable | |
EURGBP Spread | |
Variable | |
Cryptocurrency | |
Buy dozens of crypto tokens with one click, or choose between hundreds of tokens to trade on spot markets, with more options than many alternatives. Crypto derivative products include perpetual futures and options. | Traders can speculate on popular cryptos with commissions as low as 0.05% and high leverage up to 1:200. Additionally, the broker continues to improve its offering by introducing crypto futures as well as trading contests with real prizes. |
Spread | |
Market maker, derivatives fee: 0.01%, spot fee: 0.1% Market taker: derivatives fee: 0.06%, spot fee: 0.1% | 0.05% BTC, 0.05% ETH |
Coins | |
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Crypto Lending | |
Yes | No |
Crypto Mining | |
Yes | No |
Crypto Staking | |
Yes | No |
Auto Market Maker | |
No | No |
Bybit | PrimeXBT |
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