PXBT Trading Ltd

PXBT Trading Ltd is a Seychelles-registered retail forex and CFD broker operating under the brand PXBT. The company is incorporated in Seychelles with registration number 8434836-1 and holds a Securities Dealer licence from the Seychelles Financial Services Authority (FSA). According to its website, the broker positions itself as a modern, mobile-first investment service provider offering CFDs on a wide range of asset classes including forex, indices, commodities, shares, and cryptocurrencies.

The broker's official domain is pxbt.com, and its registered office is located at IMAD Complex, Office 3, Ile Du Port, Seychelles. PXBT launched at an unspecified date, but regulatory records indicate it holds an active FSA licence. The broker claims to serve both retail traders and institutional partners through its B2B infrastructure offerings.

PXBT is regulated by the Seychelles Financial Services Authority (FSA) as a Securities Dealer under licence. The FSA is a regulatory body in Seychelles that oversees non-bank financial services. While Seychelles regulation is considered less stringent than top-tier jurisdictions like the FCA or CySEC, it does impose certain requirements on licensees, such as capital adequacy and reporting obligations. Traders should be aware that the Seychelles FSA does not offer investor compensation schemes, and the level of client fund protection may be limited.

Our review cross-checked the licence against the public register of the FSA Seychelles, confirming the licence is currently active and assigned to PXBT Trading Ltd. The broker also displays its licence number prominently on its website and in client documentation, which is a positive sign of transparency. However, the absence of a major-tier regulator places this broker in a 'guarded' risk category, as reflected in FXCanary's scam risk score of 40/100.

PXBT offers the MetaTrader 5 (MT5) platform exclusively. MT5 is widely regarded as an industry-standard trading platform, providing advanced charting, multiple order types, and support for algorithmic trading through Expert Advisors (EAs). The platform is available for desktop (Windows/Mac) and mobile devices (iOS/Android). The broker also enables automated trading strategies and provides access to historical market data for backtesting.

Given that MT5 is a single-platform offering, traders who prefer other platforms like cTrader or proprietary solutions will not find them at PXBT. The broker's website does not mention a web trader, but MT5 does offer a web-based version in some configurations. Overall, the platform choice is adequate for most retail traders, but limited in variety.

PXBT claims to provide access to over 100 markets across multiple asset classes. These include forex majors, minors, and exotics; major stock indices such as the S&P 500 and FTSE 100; commodities like gold, silver, oil, and natural gas; and a selection of individual stocks and cryptocurrencies. All instruments are traded as contracts for difference (CFDs), meaning traders speculate on price movements without owning the underlying asset.

The broker's website provides a live market table displaying current prices and 24-hour changes for popular instruments like EUR/USD, GBP/USD, XAU/USD, and S&P 500. While the list of tradeable instruments is not exhaustive on the site, it covers the most commonly traded assets. Traders looking for niche or exotic instruments may find the selection somewhat limited compared to larger multi-asset brokers.

PXBT does not publicly differentiate between multiple account tiers; instead, it appears to offer a single standard account type. The advertised trading conditions include spreads from as low as 0.1 pips, maximum leverage of 1:1000, and 0% trading fees (though swap/interest charges may apply on overnight positions). The broker also states a margin call level of 100% and a stop-out level of 50%. These conditions are designed to attract traders seeking high leverage and low-cost entry.

While the broker does not publicly list deposit or withdrawal methods, it is reasonable to assume standard options such as bank transfer, credit/debit cards, and possibly e-wallets. Dedicated account managers or VIP tiers are not mentioned, but the broker offers 24/7 customer support. The lack of transparency on account types and funding details is a common trait among smaller offshore brokers and warrants caution.

PXBT appears to target both retail traders and institutional partners. For retail clients, the emphasis is on mobile trading, high leverage, and low fees. The broker's B2B infrastructure offering suggests it also seeks to white-label its technology to other businesses. The availability of MT5 and high leverage makes it potentially appealing to experienced traders who are comfortable with the risks of leveraged trading and understand the implications of trading with an offshore regulator.

However, the broker may be less suitable for beginners or risk-averse traders due to the high leverage (1:1000) which can amplify losses, and the absence of investor compensation schemes. Traders based in jurisdictions with strict regulatory oversight (e.g., EU, UK, Australia) should note that PXBT does not hold licences in those regions and may not accept clients from certain countries. As always, due diligence and understanding of the regulatory environment are essential before opening an account.

PXBT offers customer support via email ([email protected]) and phone (+248 4 226 278), with stated hours of Monday–Friday, 8:00–20:00 CET. The broker also provides a physical address in Seychelles. While the website includes a contact page and a fees & conditions page, the latter currently displays 'No data' for trading conditions, which is a notable gap in transparency. The broker does provide downloadable documents such as a confidentiality policy and a client service agreement, which outline key terms.

The broker's responsiveness in third-party review platforms (e.g., Tradomatix) indicates a reply rate of 83.33% within 24 hours, suggesting active customer engagement. However, the overall transparency regarding trading conditions, account opening procedures, and funding methods is moderate, with some details only available after account registration. This is a common practice among offshore brokers but may raise flags for traders who prioritise full upfront disclosure.