Cryptobo vs PrimeXBT

Cryptobo or PrimeXBT – which is better for UK traders 2024? Compare Cryptobo and PrimeXBT in this detailed breakdown of their platforms, features and fees.

Cryptobo vs PrimeXBT Comparison Table 2024
Cryptobo PrimeXBT
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1.5
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4.1
Cryptobo is ranked #11 among binary options brokers. PrimeXBT is ranked #33 among CFD brokers.
Cryptobo claims to be the first Bitcoin-based binary options broker, with 1.5 million registered clients and 50,000 trades executed on average per day. Users benefit from 24/7 trading opportunities with up to 91% payouts, alongside no minimum deposit and three-hour withdrawals. 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
  • You can trade binary options on crypto, stocks, forex, indices and commodities
  • Trade anonymously with no KYC checks
  • High payouts up to 91% per trade
  • Customer support is available 24/7
  • 500 Satoshi bonus for new clients
  • No minimum deposit
  • The broker’s platform and app offer advanced charting features, including 50+ technical indicators, a customizable layout and multiple order types including OCO
  • PrimeXBT offers low maker and taker fees coming in at 0.01% and 0.02%, respectively, for crypto futures contracts
  • There’s a range of additional trading opportunities on offer, including demo contests and a copy trading solution
  • The broker delivers ultra-fast trade execution speeds, averaging <7.12 ms - ideal for active traders
  • Beginners can access a crypto trading Academy with bite-size resources and YouTube videos
  • The broker offers 24/7 customer support via live chat, as well as an extensive help centre
Cons
  • Unregulated broker with low trust score
  • No expiry times beyond five hours
  • Limited company details available
  • Some negative user reviews
  • High minimum withdrawal
  • No live chat support
  • The lack of reputable regulatory oversight is a security concern, though this is common in the crypto trading industry
  • The total selection of 110+ assets is far fewer than top competitors, including OKX with 400+
  • It’s a shame that there are no popular third-party platforms on offer such as MT4
Awards
  • Best Crypto Trading App
  • Best Platform For Margin Trading
  • Most Trusted Crypto Asset Trading Platform
  • Best Crypto And Forex Broker
FCA Regulated
No

List of FCA Regulated Brokers

No

List of FCA Regulated Brokers

Instruments
Forex, Stocks CFDs, Cryptos, Forex, Indices, Commodities, Futures
Demo Account
No Yes
Minimum Deposit
0.0000001 BTC $0
Payment Methods
Minimum Trade
0.0000001 BTC 0.01 Lots
Mobile Apps
No iOS & Android
iOS App Rating
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Android App Rating
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Margin Trading
No Yes
MetaTrader 4
No No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No 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
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Auto Trading
Yes
Copy Trading
No Yes
Copy Trading Platform
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
No No
Tournaments
No Yes
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
Commodities
  • Gold
  • Oil
  • Silver
  • Natural Gas
  • Copper
  • Zinc
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
You can trade binary options on a range of major, minor and exotic currency pairs such as EUR/USD, USD/JPY and GBP/USD. You can choose the currency asset and timeframe in a few clicks on the web platform. 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
16 45+
GBPUSD Spread
N/A Variable
EURUSD Spread
N/A Variable
EURGBP Spread
N/A Variable
Cryptocurrency
Cryptobo combines three of the most popular coins, including Bitcoin, with an array of fiat currencies for 12 cryptocurrency binary options pairs. 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
N/A 0.05% BTC, 0.05% ETH
Coins
  • BTC
  • ETH
  • LTC
  • BTC
  • LTC
  • ETH
  • XRP
  • EOS
  • ADA
  • DOT
  • SOL
  • UNI
  • LINK
  • DOGE
  • BNB
  • ICP
  • SAND
  • more
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
Cryptobo is a binary options-only broker with high payouts and a sleek, intuitive trading platform. With no minimum deposit, payouts up to 91% and a minimum trade size 0.0000001 BTC, you can get started quickly.
Payout
91%
Expiration Times
Up to 5 hours
Boundary Options
No No
Ladder Options
No No
Cryptobo PrimeXBT
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