PrimeXBT Review 2024: Comprehensive Analysis

PrimeXBT Trading Services, S. It is the job of the CME to mix and match orders to keep an orderly market. We would really like to help you with your concern. The information on this website does not constitute, nor should it be construed or understood as an inducement or solicitation to engage in any investment or trading activity. Security Measures:Security is a top priority for PrimeXBT. If you have any questions as you begin trading or need further assistance, please don’t hesitate to contact us at. As anyone that has participated in the Crypto market knows, analysing and monitoring such an active and mobile market is time consuming. Scan this code to download app. Well, we are not really fans of mobile trading in general. Additionally, while PrimeXBT excels in copy trading, it lacks bot and social trading features, which might be a downside for some users. Additional features offered are in house technical analysis, market research, education, and platform announcements. I also like that although the charting interface looks and functions the same, traders need to switch between margin, spot, and derivatives trading, which in my opinion, keeps things more organized and less cluttered, helping to ensure traders don’t accidentally trade the wrong market. Resource 20 IndexFinancial and Ind. There is no upper limit. Additionally, withdrawals to a bank primexbt.com card come with a hefty 5% fee. And finally, the 5 supported commodities. Click follow to essentially subscribe to your chosen Provider and automatically copy every one of their trades proportionally into your portfolio. Aside from their advanced crypto trading tools, they also offer other types of trading as well. PrimeXBT offers specialized copy trading accounts where strategy followers and providers can connect and interact. Options on spot Bitcoin ETFs began trading on Tuesday on BlackRock’s’ Bitcoin Trust IBIT, and then options for another five spot Bitcoin ETFs started on Wednesday. PrimeXBT implements a high level of security measures, and as of writing these lines, it has never been hacked. As a leveraged product losses are able to exceed initial deposits and capital is at risk. All these eras are designed and developed in parallel but are released sequentially. You must have at least 200 USDT/0. Another popular day trading strategy is trend trading. This exchange is tailored more towards users with an interest in trading beyond the cryptocurrency sphere.

Technical Analysis Through Charting Software

Compared to exchanges like Binance and Bybit, which offer over 350 tradable derivative markets, PrimeXBT is limited and primarily suited for traders focused on large cap tokens and seeking higher leverage options. In the cryptocurrency futures trading section, 31 assets are available: the earliest blockchain assets Bitcoin BTCUSD, Litecoin LTC and Dogecoin DOGEUSD, large cap altcoin giants Solana SOLUSD, Cardano ADAUSD, Chainlink LINKUSD, GameFi tokens The Sandbox SANDUSD and Axie Infinity AXS, and so on. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Receive the latest news and stay informed. Placing trades on PrimeXBT is simple, with an easy to use order form. For example, if you deposited with Volet, you must also withdraw using Volet. If the app is unavailable in your region, you can still access it through direct download from our site. Volet deposits are free, while Perfect Money charges a 1. Support service of this platform is as professional as the platform itself. To add funds to PrimeXBT, log in to your account, navigate to the “Deposit” section, choose your preferred deposit method crypto, bank card, or fiat, follow the instructions to complete the transaction, and your funds will be credited to your PrimeXBT account. $20,000 or equivalent for unverified users. By signing up for PrimeXBT email newsletters, you’ll be among the first to know the latest updates and happenings from PrimeXBT. Slippage is the amount a price moves away from the intended entry. Here’s our verdict about PrimeXBT. Good platform to learn how to trade. PrimeXBT has been around for a while, but is it the real deal.

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This allows you to quickly swap one crypto asset for another on the platform. As adoption of Cryptocurrencies accelerates globally, traders need robust tools to thrive in this complex landscape. The winners are usually determined based on their trading performance, such as highest returns or most trades executed. Hello Celso,Thank you for your detailed feedback. These orders are as “safeguards” when trading. The main drawbacks are the lack of spot margin trading and the very limited number of available markets. 01 BTC should ever be put at risk. Thanks to its innovative features, PrimeXBT has attracted over 1 million users from more than 150 countries worldwide. In September the price initially recovered as investors anticipated the implementation of Vasil, with ADA hitting a high of $0. Read next: 10 Best Decentralized Exchanges for 2024. Be prepared for the possibility of losing money or facing challenges, and do not let emotions or biases affect the trading decisions and actions. Disclaimer: Our ranking system and methodology are designed to evaluate advanced trading platforms. Post merge Ethereum users have been eagerly awaiting the commencement of the network’s next major upgrade, Shanghai. However, I found the lack of biometric authentication support on the desktop platform disappointing, especially considering that Binance offers fingerprint scanning on the desktop. This duration accounts for the necessary security checks and processing time. The lack of transparency regarding the founders, leadership, and Proof of Reserves is concerning and may deter some traders. While I appreciated its user friendly interface, it does face the common limitation of all trading apps: the challenge of analyzing price action effectively on low resolution devices. Receive 60% to 75% of the profits on each trade. Users are responsible for understanding the operational mechanisms and risks associated with automated trading systems before use. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Although Bitget isn’t as popular as exchanges like Bybit or Binance, it remains a well rounded trading platform with a good selection of pairs, competitive fees, and a wide selection of earning products. The company states that they perform routine audits and checks on the platform, highlighting that the company takes appropriate safety precautions. Most importantly, its trading services offers privacy for its clients by pairing up with multiple anti laundering services across the globe. While PrimeXBT’s daily processing schedule lays the groundwork, other variables can impact how fast you see funds in your account. This cautionary tale highlights the critical importance of. Register and join our community with millions of traders from all around the world. Registered in England No. 2 of PrimeXBT’s Terms and Conditions. Sign up for our newsletter today and never miss a beat. PXBT Trading Ltd, is a licensed Securities Dealer in Seychelles under License No.

PrimeXBT Background

As trading with leverage involves risks, PrimeXBT’s platform also provides a range of tools including stop loss and take profit, to help clients manage these. Bitso is your gateway to seamless crypto trading, offering a user friendly app to buy, sell, and manage over 50 cryptocurrencies. When you trade CFDs, you’re betting on price changes from when you open to close a contract. In our experience the customer support of PrimeXBT was very responsive. The PrimeXBT desktop platform has a single mode that offers a range of advanced trading features and tools, which might be overwhelming for inexperienced traders. Instead, it has a Withdrawal and Refund Policy that outlines the terms and conditions for withdrawals and refunds. Engaging in trading through PrimeXBT, whether by following, copying, or replicating the actions of other traders, carries significant risks, including those associated with following or copying traders. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Personally, I secured my account using Google Authenticator and FaceID on my phone, and the setup process was quick and straightforward, taking just a few minutes. While such high leverage amplifies potential profits, it also heightens risks.

What cryptocurrencies are supported?

As a broker primarily geared towards crypto trading, PrimeXBT offers rock bottom BTCUSD spreads and high maximum leverage of 1:200 for crypto. Virtual assets are inherently volatile and subject to significant value fluctuations, which could result in substantial gains or losses. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. READ FULL IF YOU’RE NON MEDIUM MEMBER. Leverage trading in Crypto offers a way to do just that. This site contains affiliate links to products/services. Org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. We apologize for any inconvenience this may cause and encourage you to explore other available deposit methods. This Brand Press post is for informational purposes only and should not be interpreted as financial or investment guidance.

PrimeXBT Spreads

306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Best regards,The PrimeXBT Team. PrimeXBT is an acceptable choice for day traders. Learn more about me here: About the author. The marketplace offers NFTs with zero fees from the digital art, collectables, GameFi, Metaverse niches, and more. The minimum order size for Bitcoin is 0. Leverage can be a very powerful tool in the hands of a professional trader, and conversely, can cause significant losses. And for those clients who want to improve the cybersecurity of their investments, the platform offers several solutions. First, there are no deposit fees, though the minimum deposit amount is set to 0.

Isolated margin

Our clients love how fast and simple our sign up is. You can only withdraw fiat using the same payment method you used for deposits. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights in the commission free PrimeXBT account. The essence of the tournaments is approximately the same: for the allotted time, participants need to show their skills and skills in cryptocurrency trading in order to increase the contest deposit. This is an industry standard, which reflects the supply and demand driving the market. Minimum order sizes for all trading instruments are specified in the Tariffs and Conditions on the page. Limits often include minimum and maximum transaction sizes, daily withdrawal limits, and exposure limits. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. PrimeXBT is a trading platform that allows users to purchase and trade cryptocurrency, forex, commodities, plus more. Gotta give credit where it is due, the Bybit team seriously stepped it up. You can learn more about Covesting Copy Trading and managing trading strategies at the PrimeXBT Copy Trading FAQ section on their site. To safeguard its trading ecosystem, PrimeXBT employs a combination of two factor authentication 2FA, SSL encryption, and a multi stage wallet strategy with the majority of the user accounts and funds in cold storage, underscoring their dedication to protecting user assets.

Restricted Jurisdictions

If you have decided that you would like to try out the PrimeXBT platform then you will need to register an account. The values listed below are for one full base currency contract 100,000 units. The Role of Crypto Exchanges on the Digital Assets Market Cryptocurrency exchanges play a crucial role in. This table provides a quick reference to the key aspects of PrimeXBT’s restricted countries and regulatory compliance, their descriptions, and their importance. Once you know how and when you want to trade you’ve defined your trading plan, haven’t you. Leverage trading Crypto presents a higher level of risk and reward. Information regarding past performance is not a reliable indicator of future performance. I expect a response and a solution otherwise I will be filing a chargeback for both deposits with my banks. Com website has been announced, with “Dogepedia” offering questions and answers for community members. For those that do not know, trading on leverage is a way for the individual to get more exposure to an asset than they have put down in funds. Lastly, you can’t rearrange or resize modules on the desktop platform. To protect your account, please change your password at this link: and enable 2FA.

Copy trading module

The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. Each of these steps is designed to protect users and the platform from fraudulent activities. The absence of third party materials, such as those provided by Trading Central or Autochartist, limits the broader market perspective available to clients. Visit PrimeXBT Platform and get 35% on Your First Deposit. While most traders do not typically bet on the market falling, those who can go in both directions open up a world of opportunities. With that said, please be aware that cryptocurrencies are already extremely volatile, and we can’t in good conscience recommend trading cryptocurrencies with margin/leverage. However, the simplicity of the process and the direct purchase options raise questions about security and the platform’s adequacy for all trader types. Best regards,The PrimeXBT Team. When the final inning of December 2019 arrived, Dogecoin was standing at $0. What you can do is: Edu acrticles: for actual learning and then practising the patterns and strategy on your chart Market research: To get some ideas about some markets for the day or a week. I have compiled the table below to help you better understand the difference between the trading fees with PrimeXBT’s CFD Trading account and the industry average. Follow to join our community. They often partner with other companies to provide better features and services. PrimeXBT has utilized multi signature access to any movement from cold wallets to hot wallets to further bolster their exchange’s security. A market order is an instant order. 34 as it was within the tolerance of the order. The available leverage ratios vary depending on the asset being traded. For a complete list of restricted regions, refer to Section 1. Market Discover: Although PrimeXBT lacks a dedicated discovery page for markets, the limited number of assets available makes this feature unnecessary. BTC/USD chart with the ATR indicator on the PrimeXBT platform. Unlike its larger competitors, PrimeXBT does not offer P2P trading. Right from the start, there is a bonus of $100 for deposits above $500 if the user deposits within the first 48 hours of opening the account.

Recent Posts

We appreciate your feedback on adding more features for analysis. After reading many of the reviews online and testing out the platform myself, it is evident why this platform has accumulated some awards and has attracted millions of users, there isn’t much fault to be found here. Want to buy Bitcoin outright or trade CFDs on Gold or EUR/USD. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. PrimeXBT offers various withdrawal methods, including. You should consider whether you understand how leveraged products work and whether you can afford to take the inherently high risk of losing your money. The platform has cool features like one click trading execution and double click trading. 50% of users recommend this product. Completing the verification process involves submitting personal information and documentation. Furthermore, PrimeXBT stands out from the competition thanks to its competitive spreads and high leverage choices up to 1:1000 for currency pairs. Kelebihan utama menggunakan aplikasi PrimeXBT. 02 in October 2017 to highs reaching $1. Margin is required for placing Orders in Leveraged Products. Donetsk People’s Republic. Biqs will never ask you for your personal details, and there are very few limits in place for trades. As aforementioned, Bitcoin is the largest cryptocurrency globally by market cap. Information regarding past performance is not a reliable indicator of future performance. The biggest hurdles stopping new users from entering the crypto world are a difficult user interface, complex operational processes, and technical jargon. PrimeXBT’s spreads are generally average to high compared to industry benchmarks, but it offers one of the lowest Bitcoin spreads in the industry with a 0. At Prime XBT Trading Services Ltd. If a trade has performed better than anticipated, traders can move a stop loss order lower to be used as a profit taking tactic, so if the price returns to the set level, the stop loss is triggered in profit. Just like any other financial market, cryptocurrencies move in cycles. If you want to copy someone else’s trades. Below are the commission rates. The cryptocurrency industry is a booming, new financial market surrounding emerging technologies. The WebTrader is easy to navigate, and even beginner traders can quickly learn where the charts, account info, and watch lists are located. BitMEX, on the other hand, is known for its sophisticated interface designed for experienced traders. The leverage can not be changed, but when entering a trade, you are asked if you want to add a Take Profit or/and a Stop Loss within the trade. Lower margin usage leaves adequate room for inevitable drawdowns to occur without substantially increasing chances of full liquidation. Traders worldwide trust us.

TRADING

Advanced trading concepts can be confusing for beginners. The approval of spot Bitcoin ETFs by the SEC in early 2024 has set the stage for a significant inflow of institutional capital into the Cryptocurrency markets. Crypto investments from institutions and significant advancements in the Crypto industry itself could improve market trends that lift ADA prices along with other coins. Referral Program: PrimeXBT’s referral program allows users to invite friends and earn a 20% commission on the trading fees paid by referred users. Human help when you need it. Hello Vicente,Thank you for sharing your crypto futures experience at PrimeXBT. Additionally, the platform complies with strict KYC Know Your Customer guidelines, which demand that users provide legitimate documentation in order to process withdrawals. The potential of earning free tokens alone could have an impact on near term price appreciation in Ethereum. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. The financial impact of the collapse extended beyond the immediate FTX customer base, as reported, while, at a Reuters conference, financial industry executives said that “regulators must step in to protect crypto investors. PrimeXBT Bonus 50 is a special offer provided by the PrimeXBT platform, where users can receive an additional $50 on their trading account after meeting specific deposit conditions. Related: How to Convert BEP20 to ERC20 Tokens Guide in 2023. It’s widely used by day traders interested in a stable crypto exchange for futures trading, especially thanks to the high leverage options and a decent amount of cryptocurrencies listed according to Denver, our crypto specialist. At the very least, one needs to lay the groundwork for it to happen, and that’s where the Jumpstart program comes in. Trade Forex, indices, commodities, and cryptos with ease, no matter which way the market moves. If your position goes against you far enough, you will be given what is known as a “margin call”, which will close out the position. However, options trading can be complex and risky for beginners. Our human support team is here to help 24/7, in your language. PrimeXBT allows you to buy and sell cryptocurrencies on margin with very attractive leverage ratios. Founded in 2018 and headquartered in South Africa, PrimeXBT is a financial derivatives broker that provides forex, CFDs, and crypto futures trading solutions. By copying a strategy, every trade from the manager’s portfolio is mirrored proportionally, based on the amount allocated. Ensure that all documents are clear, legible, and up to date to avoid any issues. Anything from crypto exchanges to online casinos, to mining guides – you’ll find it all here. This is an automatic process that is done quickly on modern platforms. PrimeXBT does not charge fees for Crypto and Fiat deposits. For USDT, USDC and COV the withdrawal fees vary depending on the network used. For cryptocurrency deposits, the minimum amounts vary based on the specific cryptocurrency being deposited. “, “If you invest $100 in Ethereum today,” and “What happens if Bitcoin crashes to zero.