PXBT
Pros and Cons
Pros
- Regulated by Seychelles Financial Services Authority (FSA)
- Diverse range of trading instruments: Forex, Commodities, Indices, Stocks, and Cryptocurrencies
- Advanced trading platforms: MetaTrader 5, web version, and mobile app
- 24/7 customer support with multilingual assistance
- Competitive trading conditions with low spreads and fast execution
Cons
- Regulated only by Seychelles Financial Services Authority
- Limited trading instruments, excluding stocks and ETFs
- Lack of educational resources for beginner traders
- No demo account available for practice
- Withdrawal fees may apply depending on payment method
Basic Information
User Reviews
PXBT Overview
PXBT Trading Ltd, founded approximately 2-5 years ago, is based in Seychelles, where it operates in a regulated environment under the oversight of the Seychelles Financial Services Authority. This regulatory status contributes to the broker’s commitment to providing secure and compliant investment solutions for its clients, enhancing trust and credibility in its operations. For those interested in trading, PXBT offers a range of financial instruments, including forex, which allows traders to engage in various currency pairs, and CFDs on commodities, indices, and cryptocurrencies. The broker emphasizes a user-friendly experience, aiming to provide innovative trading solutions supported by its robust infrastructure.
As a forex broker, PXBT stands out with its advanced trading platforms that provide essential tools for traders of all skill levels. The broker’s commitment to customer support is evident with its 24/7 availability, ensuring assistance is always at hand. Additionally, PXBT offers competitive trading conditions, including tight spreads and fast execution, making it an appealing choice for traders seeking efficiency and reliability. By focusing on modern technology and a wide range of trading options, PXBT positions itself as a noteworthy contender in the online trading space, catering to both novice and experienced investors alike.
Is PXBT Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Seychelles Financial Services Authority (FSA) | Seychelles | Segregated Funds |
Is PXBT Regulated and How Are Client Funds Protected?
PXBT Trading Ltd is regulated by the Seychelles Financial Services Authority (FSA), under license number SD 162. This regulatory status indicates that the broker operates within a controlled environment, adhering to the standards set forth by the regulator. Client funds are protected through segregation measures, which ensure that client deposits are kept separate from the broker’s operational funds. This structure aims to enhance the security of client assets in the event of financial difficulties faced by the broker. While the FSA is classified as an offshore regulator, which may imply lighter regulatory requirements compared to onshore counterparts, PXBT’s commitment to compliance and customer support reflects its dedication to providing a safe trading environment for its clients. Overall, PXBT positions itself as a legit option for traders seeking a regulated platform for forex and CFD trading.
Trading Products and Services
What trading instruments does PXBT offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major & Minor Pairs, e.g., EUR/USD, GBP/JPY | Varies |
| Commodities | Gold, Silver, Oil | Varies |
| Indices | S&P 500, NASDAQ, FTSE 100 | Varies |
| Stocks | US (e.g., Apple, Tesla), UK (e.g., BP, Vodafone) | Varies |
| Cryptocurrencies | BTC, ETH, LTC | Varies |
PXBT offers a diverse range of trading instruments, allowing traders to engage in various asset categories such as Forex, Commodities, Indices, Stocks, and Cryptocurrencies. This broad selection caters to the needs of different types of traders, whether they are beginners exploring the Forex market or seasoned professionals looking to diversify their portfolios. By providing access to multiple markets, PXBT enables users to implement flexible trading strategies, enhancing their investment opportunities. The availability of various products not only supports effective portfolio management but also empowers traders to navigate the dynamic financial landscape effectively.
Account Types and Trading Conditions
What Account Types and Fees Does PXBT Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners, general traders | Low spreads, user-friendly interface | Suitable for small-capital practice |
| Professional Account | Experienced traders | High leverage, advanced trading tools | Requires trading volume qualifications |
| Corporate Account | Corporate clients | Customized services, tailored support | Requires corporate documentation |
| Islamic Account | Traders adhering to Sharia law | Swap-free trading options | Complies with Islamic principles |
| Demo Account | All traders | Risk-free trading environment | Allows practice without real money |
Account Opening Process
To open an account with PXBT, traders need to follow a straightforward process. First, they will submit personal information, including their full name, email address, and phone number. Next, employment and financial details must be provided to ensure compliance with regulations. Identity verification is required, which includes submitting a valid ID and proof of address. After the initial setup, traders can enable two-factor authentication for added security. Additionally, PXBT accounts offer flexibility, allowing users to upgrade to a professional account as their trading experience and volume increase.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | Varies | $0 | Competitive spreads for major pairs |
| Forex (Minor Pairs) | Varies | $0 | Competitive spreads for minor pairs |
| CFDs (Stocks) | Varies | 0% | No commission on stock CFDs |
| CFDs (Indices) | Varies | 0% | No commission on index CFDs |
| CFDs (Commodities) | Varies | 0% | No commission on commodity CFDs |
| Cryptocurrencies | Varies | 0% | No commission on crypto CFDs |
Other Fees
Additional fees that traders should consider include deposit and withdrawal fees, which may apply depending on the payment method used. Inactivity fees might be charged if an account remains dormant for a specified period. While there are typically no platform usage fees, overnight interest may apply on leveraged positions and currency conversion fees could be incurred on certain transactions.
Trading Platforms and Apps
What Trading Platforms and Apps Does PXBT Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 5 (MT5) | Windows, macOS, iOS, Android | Two-factor authentication, multiple order types, technical indicators, price alerts | Demo account, VPS |
| Web Version | Any web-enabled device | Encryption, customizable interface, market symbol lookup, real-time alerts | Demo account |
| Mobile App | iOS, Android | Biometric login, one-click trading, push notifications, advanced charts | Demo account |
PXBT provides a comprehensive suite of trading platforms tailored to various trader needs. The MetaTrader 5 platform supports advanced trading strategies and is ideal for traders seeking multiple tools. The web version offers flexibility with no installation required, allowing traders to operate seamlessly from any device. The mobile app ensures that traders remain connected and can manage trades on the go, featuring secure logins and real-time alerts. Overall, PXBT emphasizes fast order execution, efficient market search tools, and strong security measures across its platforms.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fee | Min $50, Max $20,000/day | USD, EUR |
| Credit/Debit Card | Instant | No platform fee | Min $50, Max $10,000/transaction | USD, EUR |
| E-Wallet (e.g., Skrill, Neteller) | Instant | 1.5% fee | Min $50, Max $15,000/transaction | USD, EUR |
Minimum Deposit
PXBT requires a minimum deposit of $50 to open an account. This amount applies uniformly across all payment methods and account types, ensuring accessibility for traders of varying experience levels.
How to Withdraw
- Log in to your PXBT account.
- Navigate to the ‘Withdrawal’ section of the account dashboard.
- Select your preferred payment method from the available options.
- Enter the withdrawal amount you wish to process.
- Confirm your details and submit the withdrawal request.
- Wait for the processing time to complete, depending on your chosen payment method.
Customer Support
PXBT Customer Support Overview
Support Channels
PXBT offers multiple contact methods to assist customers effectively. Traders can reach out for support through:
- Email: Clients can send inquiries via email, which is ideal for detailed questions or issues that require documentation.
- Live Chat: This feature allows for real-time communication with the support team, providing immediate assistance for urgent queries.
- Telephone: Users can also contact the support team via telephone for direct communication.
- Social Media: PXBT maintains a presence on various social media platforms, offering another way to connect and obtain support.
Service Availability
The customer support service at PXBT is available 24/7, ensuring that help is always accessible. The support team is multilingual, catering to a diverse clientele. Supported languages include English and others, facilitating communication with traders from different backgrounds.
Frequently Asked Questions
Yes, PXBT Trading Ltd is regulated by the Seychelles Financial Services Authority (FSA), under license number SD 162. Client funds are protected through segregation measures, ensuring that deposits are kept separate from the broker’s operational funds, which enhances the security of client assets.
PXBT offers a diverse range of trading instruments, including Forex (major and minor currency pairs), Commodities (such as gold, silver, and oil), Indices (like S&P 500 and NASDAQ), Stocks (including US and UK companies), and Cryptocurrencies (such as BTC, ETH, and LTC). This variety allows traders to implement flexible strategies across different markets.
PXBT provides several account types, including Retail Accounts for beginners, Professional Accounts for experienced traders, Corporate Accounts for corporate clients, Islamic Accounts that comply with Sharia law, and Demo Accounts for risk-free practice. Each account type is designed to cater to different user needs and trading experiences.
PXBT offers multiple support channels, including email for detailed inquiries, live chat for immediate assistance, telephone support for direct communication, and social media for additional connections. The customer support service is available 24/7, ensuring help is accessible whenever needed.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.