PXBT

PXBT Review: Is PXBT Broker Good?

Broker overview and general information

PXBT Broker orPXBT Trading Ltd is a relatively new broker, offering trading in Contracts for Difference (CFDs) on Forex, Commodities and Indices. The company is registered in Seychelles with registration number 8434836-1 and its office is located at Providence Complex, First Floor, Office B11, Providence, Mahe, Seychelles.

The company focuses on providing cutting-edge trading solutions and B2B infrastructure through embedded finance. Clients can trade CFDs on a wide range of financial instruments, including Forex, Stocks, Spot Indices, Futures, Spot Metals and Spot Energies, and has 24/7 customer support.

Broker Licensing and Regulation

If you ask whether PXBT is good or not, you should start by considering the registration and license first, which are detailed as follows:

• PXBT Trading Ltd is authorised and regulated as a Securities Dealer by the Seychelles Financial Services Authority (FSA) under license number SD162.

⚠️Warning:Although the broker is regulated, many users are concerned about the FSA Seychelles license because it is a Tier D license, which has less strict supervision. This makes users feel uncertain about the supervision under this agency. Therefore, it is necessary to reconsider this factor before investing.

Broker Products and Services

Trading products

Brokers offer CFD trading on a variety of markets, including:

• Forex:Trade major and most popular currency pairs such as EUR, USD, GBP, MXN, RUB and more.

• index:Access popular indices such as S&P500, FTSE100, JAPAN and many more.

• Commodities:Profit from rising and falling prices of gold, silver, oil, natural gas and more.
  

Trading Platform

Brokers choose MetaTrader 5 (MT5)It is a popular trading platform developed by MetaQuotes Software.

Advantages of MT5:

• Accessible from any device:Available on both desktop (Windows, Mac) and mobile (Android, iOS), giving traders the flexibility to trade anywhere, anytime.

• Analysis tools:There are many technical analysis tools, charts and indicators to help you make decisions.

• Auto Trade:Supports automated trading systems (Expert Advisors) and copy trading.

• Diversified Assets:Trade Forex, stocks, and commodities.

PXBT Review: Account Types

The broker offers only live and demo accounts.

• Live Account: Used for real trading with real funds.

• Demo Account: Used for practicing and testing the system using virtual money.

fee

• Spread: Starting from 0.1 pips 

• Leverage: Up to 1:1000

Other details such as the minimum deposit amount for each account and the in-depth features of each type are not yet available.

Customer Service

• Live Chat

• Email:[email protected]

• Telephone +248 4 226 278

• Business hours: Mon-Fri 8:00-20:00 CET

Broker Review Overview Summary

PXBT broker is a MetaTrader 5 (MT5) trading platform that offers attractive trading conditions such as tight spreads, low fees, and high leverage. However, there are several disadvantages to consider, starting with unclear regulatory issues that make investors worry about the safety of their funds. There are also negative user reviews about withdrawal issues and slow customer service responses, which affect the investor experience. In addition, it is a new broker on the market, so it lacks a history of operations and reliability, which may make investors hesitate to use it. In addition, customer support may not be comprehensive and responsive enough to meet the needs of users. These disadvantages should be carefully considered before deciding to invest with this broker.

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PXBT Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide which broker suits your needs.