PXBT Forex Broker

PXBT Review SummaryFounded2006Registered Country/RegionSeychellesRegulationFSA (Offshore regulated)Market InstrumentsForex, indices, commodities, sharesDemo Account✅SpreadFrom 0.1 pipsLeverageUp to 1000xTrading PlatformMT5Minimum Deposit/Customer SupportLive chatTel: +248 4 226 278Email: info@pxbt.com; help@pxbt.comSocial platforms: Facebook, Instagram, TwitterAddress: IMAD Complex, Office 3, Ile Du Port, SeychellesRegistered Address: Providence Complex, First Floor, Office B11, Providence, Mahe, SeychellesPrincipal office: Providence Complex, First Floor, Office B11, Providence, Mahe, SeychellesRestricted RegionsAfghanistan, American Samoa, Belarus, Canada, Cuba, Democratic Republic of Congo, European Economic Area, Guam, Haiti, Iran, Iraq, Israel, Japan, Libya, Mali, Marshall Islands, Mozambique, Myanmar, New Zealand, North Korea, Northern Mariana Islands, Palestine, Puerto Rico, Russian Federation, Somalia, South Sudan, St. Lucia, Sudan, Syria, Turkey, U.S. Virgin Islands, United Kingdom, United States, United States Minor Outlying Islands, Yeme, Crimea, Donetsk People's Republic, Gaza Strip, Zaporizhzhia and Kherson, Luhansk People's RepublicPXBT Information PXBT is a Seychelles-based brokerage company who mainly offers trading services in forex, indices, commodities and shares. It offers a demo account for you to get familiar with the platform and your trading strategy. Trades can be executed on the well-acclaimed and popular MetaTrader 5 platform, enhancing customer experience. However, one crucial point to note is that although the broker is regulated by the FSA, the regulation is offshore only, which indicates limited oversight by the authority.Pros and ConsPros Cons Demo accountsOffshore FSA regulationMT5 platformsLimited info on trading conditionsTight starting spreadsLive chat supportIs PXBT Legit? PXBT is currently being regulated by FSA (The Seychelles Financial Services Authority) with license no. SD162. However, you should be aware that the regulation status is offshore only, indicating weaker regulatory oversight.Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.FSAOffshore regulatedPXBT Trading LtdRetail Forex LicenseSD162What Can I Trade on PXBT?Trading InstrumentsSupportedForex✔Indices✔Commodities✔Shares✔Cryptocurrencies❌Bonds❌Options❌ETFs❌Account Type & Fees PXBT not only offers a demo account for you to simulating real trading with virtual funds before tapping into real trading, friendly to all levels of investors. However, the broker does not disclose much of its live accounts. We can only learn from their mainpage that spread is reletively tight from 0.1 pips and the company does not charge any trading fees.Leverage PXBT offers max leverage up to 1:1000, which should always be dealt carefully to avoid huge losses.Trading Platform PXBT claims to use the world renowned MetaTrader 5 platform, which is well-recognized by its robust functionalities such as advanced charting tools, automated trading and analysis indicators. You can reach the platform on web, or download app from Windows, mobiles phones and Mac.Trading PlatformSupported Available Devices Suitable forMT5✔Web/Windows/Mobile phones/MacExperienced tradersMT4❌/Beginners