Score
PXBT
Seychelles|1-2 years| https://pxbt.com/
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
United KingdomContact
Licenses
Licensed Institution：PXBT Trading Ltd
License No.：SD162
Single Core
1G
40G
1M*ADSL
- The Seychelles FSA regulation with license number: SD162 is an offshore regulation. Please be aware of the risk!
Basic information
Seychelles
1-2 years Regulated in Seychelles Retail Forex License MT5 Full License Regional Brokers Medium potential risk Offshore Regulated
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
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Website
pxbt.com
Server Location
United States
Website Domain Name
pxbt.com
Website
WHOIS.ENAME.COM
Company
ENAME TECHNOLOGY CO., LTD.
Domain Effective Date
2006-01-17
Server IP
75.2.60.5
Company Summary
PXBT Information
PXBT is an offshore regulated brokerage company registered in Seychelles. This firm provides trading CFDs on forex, commodities, and indices. PXBT gives attractive trading conditions (spreads from 0.1 pips and leverage up to 1:1000) with the popular MT5 platform. However, this firm does not provide managed portfolio services. And lack of transparency about trading fees is another drawback.
Pros and Cons
| Pros | Cons |
| Three investment choises (forex, indices, and commodities) | Offshore regulated firm |
| Popular trading platform (MT5) | No managed portfolios services |
| Spreads from 0.1 pips | Lack of detailed information about trading fees |
| Leverage up to 1:1000 | Limited investment options compared to other brokerages |
| 24/7 customer support |
Is PXBT Legit？
PXBT is officially licensed and offshore regulated by The Seychelles Financial Services Authority (FSA) under license number SD162.
What Can I Trade on PXBT？
When you open a brokerage account with PXBT, you've got three options for investing: forex, commodities and indices. Compared to other online brokerages, PXBT doesn't offer as many ways to invest. For example, if you want to trade cryptocurrency, stocks, or ETFs, you won't be able to do that here.
Whether this is a pro or con for you depends on your investment strategy. If you're a trader focused on forex and indices, for example, then you may be fine with PXBT. On the other hand, if you prefer a diversified portfolio to fit your risk tolerance, needs, and goals, other brokerages with more investment choices may be more suitable for you.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Digital Currencies | ❌ |
| Futures | ❌ |
| Stocks | ❌ |
| ETFs | ❌ |
| Mutual Funds | ❌ |
Account Types
PXBT offers one live trading account and a free demo account.
Some online brokerages tier their accounts. Tiers can be based on your balance or the features and benefits you enjoy. This can be an advantage if you're investing with a firm that charges an annual management fee. The higher your balance, the less you might pay. PXBT doesn't tier its accounts. But again, whether this is a pro or con for you depends on what you're looking for in an online brokerage.
PXBT Fees
Fees matter when building a portfolio. The more you pay in fees, the bigger the dent in your returns. Like some other brokerages specializing in forex trading, this firm offers spreads from 0.1 pips. They also provide a leverage option, which is up to 1:1000. This firm boasts zero fees and excellent trading conditions. However, there is no detailed information about commissions, annual fees, or minimum balance fees for brokerage accounts.
Trading Platform
MT5 (MetaTrader 5) is available with PXBT. You can apply it on multiple devices, including Windows, MAC, Android, and IOS. It is a diversified financial trading platform that allows trading foreign exchange, stocks, and futures. It provides automated trading systems and excellent tools for various price analyses, the use of algorithmic trading applications, and copy trading.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Windows, MAC, IOS, and Android | Investors of all experience levels |
| MT4 | ❌ | ||
| Proprietary Platform | ❌ |
Customer Support Options
If there's something you need to do that you can't manage online or through the mobile app, you can try reaching out to PXBT's 24/7 customer support. You have multiple choices, including email (help@pxbt.com) and phone (+248 4 226 278).
The Bottom Line
PXBT could be an option if you're an active trader who's focused on forex, commodities, and indices. It provides excellent trading conditions and the trading platform is user-friendly. On the other hand, you might want to look elsewhere if you need a broader range of investment options or you want managed portfolios. The lack of transparency about trading fees is an obvious drawback and there are certain disadvantages of offshore regulated brokerages. Overall, it's important to compare individual brokerage with your investment goals and style to make sure they're a good match.
FAQs
Is PXBT safe？
PXBT is an offshore regulated brokerage firm. Offshore regulators often have less stringent rules compared to their onshore counterparts. It might be safer to choose brokers that are overseen by a top-tier and stringent regulator.
Is PXBT good for beginners？
Yes, PXBT could be an option for beginning investors with its user-friendly platform.
Does PXBT offer leveraged trading？
Yes, PXBT provides a leverage option, which is up to 1:1000.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.
Keywords
- 1-2 years
- Regulated in Seychelles
- Retail Forex License
- MT5 Full License
- Regional Brokers
- Medium potential risk
- Offshore Regulated
Review 7
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FX5142370072
Thailand
I have been withdrawing money for a long time, but the amount of money mentioned is accused of violating the terms and conditions without any evidence of wrongdoing. It is only based on speculation that we have done something wrong. And still unable to contact the broker's support, it's very bad, like an automated response. When we ask the manager in Thailand, he just replied that it's already been done. Every time, we have to wait for the foreign side, not knowing if they are working together. It has been like this for weeks, which is all the money I have. And now, there is no money left. But the broker takes advantage of this and claims that when we make a profit, they don't allow withdrawals, citing this and that. In the end, they will keep the matter quiet. As for me, I have taken legal action against all parties involved, which is a case of fraud and misregistration of the company type. And there is also an illegal solicitation of investment. I will pursue this matter to the end. If I don't receive a full refund, I will not let it go.
Exposure
09-09
FX1601587045
Vietnam
Why didn't my withdrawal order be approved? How many days have passed?
Exposure
09-09
FX1208307242
Vietnam
Please approve my withdrawal order, is this exchange a scam?
Exposure
09-09
john9329
Vietnam
This is a scam broker, they dont let me withdraw my money. Please stay away.
Exposure
09-09
TyreseNaude
South Africa
the reputation score likely this low (below average) atm because the platform is rather new. But with the quality of the main project (I think they are from Primexbt, which has over $1 billion in daily trading volume), and with the amount of features this broker has (positive swaps, investing, neobank integrations), I think the reputation score will rise quickly. Would bet.
Positive
2024-12-21
KittisakWongchai
Thailand
indices trading is 🔥🔥 very low fees and realtively fastc execution
Positive
1d
FX1459348265
Hong Kong
I was on the hunt for a broker with a demo account so I could test out some new strategies. You’d be surprised how many brokers either don’t bother offering one or make you jump through hoops—filling out forms, handing over your phone number, verifying personal info, and all that, just for a demo. Next thing you know, they’re calling you non-stop, even if their platform isn’t a good fit. Then I came across PXBT, all you need is an email to get started. It was such a relief to avoid all that hassle. Once I got into it, I noticed they have way more assets than a lot of other brokers I’ve tried, and their spreads are pretty reasonable too—which, let’s be honest, is a big deal for traders like us. That’s how I ended up sticking around. Honestly, if more brokers made it this easy for demo users, they’d probably turn more of us into long-term clients.
Positive
11-28