PrimeXBT Review

To claim a welcome bonus, you typically need to register an account, verify your identity, and fulfill any specific conditions outlined in the bonus offer, such as making a minimum deposit or executing a certain number of trades. The PrimeXBT team has also made bold claims about their copy trading feature. The agent responded within 5 minutes, offering detailed answers to some questions while completely missing others. However, the platform is not currently regulated by any financial authority. ” or “how high will Cardano go. Understanding the Basics Forex trading is the exchange of currencies. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. Both operating protocols use proof of stake, offering another similarity. From beginners with a standard account to seasoned professionals with platinum accounts, each tier is designed to provide specific benefits that enhance the trading experience. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Unlimited via Perfect Money. It also provides a breakdown of individual crypto and US dollar balances. In summary, our findings indicate that PrimeXBT can be regarded as having a low to moderate level of trust and stability due to these drawbacks. As the market trended down, the price reached my stop loss, triggering and executing the order as expected. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. Additionally, the account type is pretty flexible in terms of its maximum leverage. Losses can stack up quickly unless stop loss levels are carefully placed, and proper risk management strategies are considered. An investor wants to take out a position size of one Bitcoin back when the cryptocurrency was trading at $10,000 per coin. The exact leverage that users will be allowed for the position will depend on the type of asset that they are trading as well as the size of the position that they are taking on.

Related articles

Market orders are orders to place a trade immediately for an asset at whatever the given market price is at that moment. Clicking the top left brings up a dropdown menu of all available markets, which can be sorted by asset name, current price, and 24 hour change. Overall, I rank PrimeXBT in the middle of the pack. 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. The platform also supports copy trading, allowing users to automatically copy and execute the trades of successful traders. 57 by December, and it had an average forecast of $0. For me, I would not deposit much money or any with an unregulated or unlicensed exchange. PrimeXBT offers an entirely anonymous experience. The Forex spreads for US traders on PrimeXBT depend on the currency pair being traded. The first step in your trading career is to open up your first trade. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. 15€ in BTC are waiting for you. I like the fact that these guys focus not only on providing classical mediating services, but also o nexchanging crypto, you can buy btc, eth, usdt, usdc whatever you want. She has written around 30 analytical articles on cryptocurrency rate dynamics, reviews of financial companies and large joint stock companies. Unlike some exchanges, PrimeXBT does not request Proof of Income/Wealth, making it a more appealing option for users who prefer not to share their personal information. Of course, these are the characteristics of the token that, unfortunately, challenge analysts when they make a Dogecoin price prediction. 50, they will only buy the stock at the price of $10. It is not something that you have to do, just something that you are able to do should you choose to. Scan the QR code with your device’s camera and get APK file. And ever since the first digital currency. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Any reliance you place on such information is therefore strictly at your own risk. The dashboard employs a modular layout, allowing you to drag and drop elements anywhere on screen to create your ideal workspace. The advantages of using leverage are pretty straightforward. Unlike its larger competitors, PrimeXBT does not offer P2P trading. These devices are also called cold storage devices. Making a deposit in order to trade on any trading platform should be fast, easy and something that traders should not worry about. If you have any other feedback or questions, don’t hesitate to contact us at.

Is PrimeXBT Safe to Trade With?

Rather, it’s a platform for exchanging knowledge, research, and ideas, but you have to manually open the trades. The platform’s global reach allows traders from various regions to participate in the financial markets, leveraging PrimeXBT’s advanced trading features and high liquidity. We utilize Bitfury’s Crystal AML compliance software and blockchain monitoring toolset on all incoming transactions. The rapid proliferation of new technologies, products, and related services has spurred incredible innovation and inclusion in the world of finance, but it has also created new avenues for criminals and terrorists to launder their proceeds or fund illicit financial activities. Los profesionales son Dietistas Nutricionistas. Scan this code to download app. Visit PrimeXBT to explore platform’s multiple trading assets, including up to 1000x leverage available for Forex. Trading fees on PrimeXBT include maker and taker fees. Cancel Transactions or https://primexbt-future.com/login/ Orders affected by the force majeure. However, with products such as inverse ETFs, you need to create an account with the firms offering the products.

How to Install the APK

For our trading test, we thoroughly evaluated the PrimeXBT platform. PrimeXBT integrates TradingView charts, which is a nice feature. They’ve decided to wait another 50% drop. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Users are responsible for understanding the operational mechanisms and risks associated with automated trading systems before use. Next, we will explore the factors that influence the overnight fee rates on PrimeXBT. Also, there are no fees for depositing cryptocurrencies. I found PrimeXBT to be a great fit for experienced derivatives traders, offering advanced trading tools and high leverage options. Our website uses cookies. Followers agree to pay these fees in exchange for the potential benefits of copying successful trades. The primary difference between Bitcoin CFDs and Bitcoin futures, is the term tied to each contract. Define clear entry and exit points for your trades. 05% is much lower than many comparable CFD brokers which is a massive benefit for traders who use PrimeXBT. Here, we’ll explore some key factors to consider when making this critical decision for your crypto leverage trading strategy. Opportunities for advancement and career growth. Vincent and the Grenadines. 32 to send USDT over the BEP20 network. PrimeXBT places a strong emphasis on providing excellent customer service to ensure a smooth and satisfying user experience.

Account Opening no Deposit Bonus – ITB

However, having a copy trading strategy may help you in choosing the best traders to follow. Their fees are typically less than $2. In PrimeXBT, traders have access to contracts for the price difference of various market assets including popular cryptocurrencies. Open the downloaded file and tap Install to complete the installation. With its extensive range of assets, innovative features, and robust security measures, it offers a comprehensive solution for those looking to diversify and maximize their trading potential 📈. Binance’s base maker taker fee is not quite as competitive as that of PrimeXBT, starting at 0. US users trading at FTX US need to do KYC procedures. If you ever need tips or further assistance, please feel free to reach out to us at. The fact that you are looking for large economies, and the amount of currencies is somewhat limited, makes trading FX a great choice, the ability to trade small position size is also a major advantage. Pros and Cons Binance. It’s one of the best places to go for trading bots and copy trading, but at times the platform navigation made me feel about as lost as the mad hatter wandering around Wonderland. This platform fosters a social trading environment where users can explore and evaluate traders to copy. The latest mobile application update now lets traders share PnL stats related to successful trades right from their margin account trading history. What stands out about the PrimeXBT demo account. Once the trade is closed, the trader is either credited or debited the price difference. Over the years, PrimeXBT has expanded its offerings to include traditional financial instruments like forex, commodities, and stock indices, further broadening its appeal. Aside from that, you need to only learn enough to get started, and make a small initial deposit on a Cryptocurrency exchange platform of your choosing. PrimeXBT offers limited withdrawal options, especially compared to Binance and Bybit. Crypto analyst Tony Severino has revealed that the Bitcoin Percentage Price Oscillator PPO has turned red after reaching $102,000. Deposit bonus promo codes are valid for 14 days once activated. In fact, short selling is even riskier because you are borrowing cryptocurrencies to fulfil your trade. They resolved my problem immediately, in no time. No, Binance primarily focuses on cryptocurrency trading and does not offer forex trading. Com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. You must have at least 200 USDT/0. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. This is connected with that I open a lot of orders during the day and put take profit pretty close to opening price. PrimeXBT Trading Services, S. Plamen’s favourite trading instruments include FX majors and gold. Upon joining a contest, you will be provided with a free pre funded contest account.

Advertise with Us!

Best regards,The PrimeXBT Team. Shiba Inu’s most notable price event came during the 2021 Crypto bull run. However,I think commissions for maker and taker could have been lowing. Users who come up with innovative solutions for issues in the network are awarded with up to 2 million XLM. What stands out about the PrimeXBT demo account. With over a million users across 150 countries, PrimeXBT offers low fees, advanced tools, copy trading, and top notch security. PrimeXBT has developed its own trading platform with advanced charting capabilities powered by TradingView. Most traders did not have the chance to buy Ethereum during its token sale, as that is long gone. Additionally, withdrawals to a bank card come with a hefty 5% fee. If you are searching for a crypto exchange that has a good amount of order types and offers leverage, then PrimeXBT is the right one for you. Remember, terms and conditions apply to these promotions. Click the ‘Claim’ button on the bonus mission you’ve completed to add the bonus amount to your reward balance. Learning is key at PrimeXBT. Similar to Bitcoin, Litecoin is a digital currency that is expected to experience significant growth in the long term. This is what you call an advantage. Many competing exchanges in the industry are far more transparent about their founders, CEOs, and leadership structure. Is Binance a no KYC exchange. 03% for swaps well, its actually 0. Additionally, the self regulatory body grants membership to various blockchain platforms, technology providers, investment platform providers, and even educational providers. This can be because of high short interest, limited float, or other reasons. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Crypto Futures and CFDs are high risk, leveraged products that may not be suitable for all investors, as they can lead to significant losses. Long and short positions across global markets give more ways to profit and balance risks. Leadership: There is no information available online about the founder or current leadership of PrimeXBT, which is both disappointing and concerning. EAs can be customized to suit specific trading strategies, including scalping, day trading, and swing trading. Upon registering, users automatically receive a СFD Trading or Crypto Futures USDT accounts. PrimeXBT is a crypto trading platform. 0017 resistance, it could increase by 25%. Instead, there is only one account providing all the broker’s services with no limits based on deposit size and trading volume. PrimeXBT is a crypto exchange based out of the Seychelles, it’s one of the few exchanges out there which has their company registration there along with other prominent names such as Huobi and BitMEX.

Bot, Social and Copy Traders: Perfect Match

It is worth noting that Perfect Money charges the 1. We’re glad to hear that you’ve found a leverage level that you’re comfortable with and that it has helped you capitalize on the recent market movements. Information regarding past performance is not a reliable indicator of future performance. This is important to note since it is wise to choose a trader who has a long, proven track record rather than one who has been on the platform for a few days. Withdrawal Crypto only. You must have at least 200 USDT/0. PrimeXBT has traders from over 150 different countries. 1M+ community members. Send Crypto to anyone, as long as you know their wallet address. This feature allows you to automatically replicate and profit from the trades of successful traders without having to personally trade on the market. Having been a retail trader since 2013, Plamen has gained an in depth understanding of the challenges that novice traders face today. Deposit Insurance: PrimeXBT does not offer any insurance coverage on client deposits. At PrimeXBT, the markets are not just avenues; they’re gateways to a world of financial possibilities. Competitors are innovating with distinct features, emphasising community governance, transparent data feeds, and unique consensus mechanisms. The platform supports spot trading, futures trading, and staking, among other options. The time it takes for a deposit to be processed and appear in a PrimeXBT account largely depends on the blockchain network used for the deposit. Hardware wallets are yet another way to define offline and cold storage wallets, because a piece of hardware is required to utilize the functionality. Over the years, more cryptocurrencies have been introduced to the market, claiming to provide a better alternative to Bitcoin’s network in terms of faster speeds and more usage of its network. The company behind the trading platform is Prime XBT Trading Services and their registration number is 217308. Choosing the right payment method is essential for ensuring efficient transactions and managing your funds effectively. The website offers tools like price charts, copy trading, Bitcoin leverage, trading contests, and market research to assist users in analyzing markets and executing trades. Our evaluation concentrates on how quickly they respond, the quality of the help provided, and whether we can talk to a real person rather than a bot.

Khalid m

However, leverage is a double edged sword — you can lose more than your initial investment if the market trends against you. Currently, official PrimeXBT GitHub Public Repository doesn’t exist or wasn’t submitted. Learning is key at PrimeXBT. This membership shows our commitment to security and to putting our traders’ needs first. PrimeXBT also makes for a very ideal platform for a beginner trader. The spread, or the bid ask spread, is the difference between the sell bid and buy ask prices of an asset. Introduction to Gold Trading Gold trading is one of the more popular ways to trade commodities online. The network’s native coin, ADA, is named after Ada Lovelace, the 19th century British mathematician who is widely considered to be the first computer programmer. This metric shows you the number of transactions that have been made during a specified period. Double click trading: This feature enables traders to send new orders, cancel working orders, and close positions without confirmation, all with just a double click. A sell limit order is a limit order that a trader can use to sell stock at a specific price or perhaps above that particular price. Click “Join” to enter the competition. PrimeXBT emphasises tailoring the trading experience to meet each user’s individual needs, offering a flexible margin system and a highly customisable user interface. These limits ensure that transactions are processed smoothly and securely. The margin options are also excellent, providing flexibility. In isolated margin mode, the maintenance margin needed for 100:1 leverage is just 1% away from the price you opened your trade at. Brokers operate multiple entities globally, but regulatory protections vary. If you are a cautious trader, you might want to choose an order type that will enable you to limit losses. Seek independent advice if you have questions or do not fully understand the risks. Given the constant development of functionality and expansion of the services offered, PrimeXBT demonstrates the potential for further growth and improvement of its position in the cryptocurrency exchange market. This is done automatically most of the time with brokerages, although some will contact you to suggest that you should put in more margin in your account. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. PrimeXBT has developed a comprehensive mobile app that enables traders to place new orders, adjust existing trades, analyze price action, and access a range of educational materials. Kriptomat is a cryptocurrency broker based in Estonia that launched its service in and offers individuals to buy and sell more than 13 cryptocurrencies. The values listed below are for one full base currency contract 100,000 units. 36, while LUNA’s price had crashed to fractions of a cent.

FrancoPereira

PrimeXBT does not accept clients from the jurisdictions listed in the Company’s Restricted Jurisdictions List. Given that PrimeXBT has developed a highly efficient trading engine, they are able to execute orders at below 7. LTD All Right Reserved. The platform offers multiple channels for customer support, ensuring that users can get the help they need quickly and efficiently. This surge reflects how quickly market sentiment can change in response to central bank actions. This site contains affiliate links to products/services. However, the platform lacks spot, margin, bot, social, or P2P trading, which may be a dealbreaker. You also have the option to insert a referral code if you were given one more on this later. Some traders available to copy on the PrimeXBT platform backend. PrimeXBT supports a variety of payment methods, each with its specific limits and processing times. Watching Covesting’s earlier content on their YouTube Channel reveals an enthusiastic Dmitrij Pruglo who had clear cut, no B. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers. It takes just a few minutes to get started. If it’s still not found, verify that the registered email address is correct and contact PrimeXBT support for further assistance.

Market data

Trade Crypto Futures Contracts incl. Also, it charges lower fees for cryptocurrency compared to other platforms. However, traders and investors alike who value access to an extensive spot market selection, advanced trading tools with high liquidity in major futures markets plus advanced derivatives products such as leveraged tokens, with volume tiered fee models and rebates may prefer other crypto focused exchanges, as PrimeXBT is more focused on being a multi asset trading exchange. The CFD has allowed traders to not only trade Forex but a multitude of other instruments as well. In terms of funding an account, there are no fees that are applied to inward payments. Don’t have any Bitcoin and want to purchase to make a deposit. With a wide range of services, including access to an expansive list of cryptocurrencies, a robust mobile app, and extensive educational resources, Coinbase is well suited for anyone looking to dive into the world of digital assets. There are multiple benefits for users who want to take advantage of copy trading such as. For traders with a proven track record, becoming a strategy manager can be a great way to earn some extra income as well. Common PrimeXBT and Binance Alternatives. You can always use our social trading service here at Crypto Parrot to inform your trades with PrimeXBT crypto. The company is registered in Seychelles and serves clients in over 150 countries. Solana SOL: Positioning itself as a scalable blockchain platform for decentralized applications, Solana has drawn notice for its high throughput and low transaction fees. PXBT Trading Ltd, is a licensed Securities Dealer in Seychelles under License No. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. The only necessary thing is an Internet connection because it can be run from any browser. The company is regulated by law and the website has all the necessary legal documents that can be downloaded and viewed. Your email address will not be published. Registration is simple, with a minimum deposit of just $10, and the system for data and fund protection further ensures the safety of client assets. The PrimeXBT exchange is an international platform for trading cryptocurrencies, tokenized assets, stock indices, and currency pairs. A quick question to hopefully clear up some confusion on my end.

Updated Dec 13th, 2024

Depending on your jurisdiction, some products or services might not be available. The reason they claim that they have the best signals, is because they are constantly monitored and optimised in response to current market conditions. 72% of retail investor accounts lose money when trading CFDs with this provider. The price of Shiba Inu, like most Cryptocurrencies, is influenced by a range of factors. Live chat support is accessible around the clock to assist with any problems or inquiries in real time. This helps ensure that there is no single point of failure and less risk in the event of a single employee being compromised. It is based in Victoria, Seychelles. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative.