◾️What is the minimum deposit to start trading?
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. Example: You have opened a long position on CFD on BTC. OKX stands out as a top alternative to PrimeXBT, offering a broader range of crypto products and services, plus monthly Proof of Reserve releases for enhanced transparency. The company has developed its own trading terminal, called PrimeXBT, with a built in function for copying trades; and there are browser and mobile versions. Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. For example: you have 0. If you do not understand the risks involved, or if you have any questions regarding the PrimeXBT products, you should seek independent financial and/or legal advice if necessary. There you can create, track your multi currency wallets and make deposits or withdrawals. In comparison, exchanges like Binance require only one confirmation for deposits using the TRC20 network. Here’s a quick overview. Immediately change your password, enable or reset your 2FA, and alert customer support. Strategy followers can replicate the profits generated by strategy providers, who can, in turn, earn up to 20% in subscriber commissions. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. NASDAQ NDX: The indices markets have also shown a strong rally following the U. When shorting an asset, you are using borrowed money. A trading day refers to a 24 hour period in which the markets are open for trading, which can vary by market and location. Daily withdrawal limits on PrimeXBT depend on whether you have a verified account. It’s designed to simplify the trading process by allowing you to leverage the expertise of experienced traders, eliminating the stress and emotional challenges like FOMO that often come with manual trading. However, it’s important to note that reaching such heights would require significant developments in Ripple’s technology and partnerships, as well as a broader acceptance of cryptocurrencies in the global financial system. Their trades will then be replicated in your account. 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. PrimeXBT Trading Services, S. The platform provides CFDs for forex, indices, commodities, and cryptocurrencies, but this review focuses on Crypto Futures.
Invest with confidencewith PrimeXBTInvest with confidencewith PrimeXBT
It offers a comprehensive platform that includes metrics like daily/monthly profits, drawdown info, trading strategy, primexbt com and trading history breakdowns. PrimeXBT features leverage of 100:1 for crypto pairs. This resulted in massive investments that failed to follow a scientific or academic approach, ending poorly, as the performance of the token brought collateral damage to investors. You might be wondering what else our PrimeXBT review team managed to uncover while browsing through their service. There is charting, easy order execution, and account management. The content of this website is not intended for residents of the European Economic Area or the United Kingdom. This could be ideal for those who like to trade with technical analysis. The content of this website is not intended for residents of the European Economic Area or the United Kingdom. This fee also applies to any crypto conversion on the exchange. We have always used the latest technology to improve the services we provide to our clients. Deposit Purchase crypto via bank card or transfer via third party companies. At PrimeXBT, we aim to provide prompt and effective support to ensure all your trading needs are met. Moreover, you can never lose more than the funds you use to open a position. 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. Zengo recognizes that people often represent the weakest part of a security matrix, and we’ve built that into the wallet’s design. Each cryptocurrency asset offers a variety of unique benefits over one another. PrimeXBT offers limited withdrawal options, especially compared to Binance and Bybit. 05% trading fee for Crypto CFDs. So far, I have no complaints about my experience with Prime XBT. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. PrimeXBT is not available for users located in the USA, there is no “PrimeXBT USA” option as there is with other platforms like eToro or Binance. PrimeXBT may at any time in its sole and absolute discretion, without notice or assigning any reason therefore, terminate a Promo campaign, or delete, vary, supplement, amend, restrict, withdraw, or modify any one or more of the Promo campaign rules and conditions, including without limitation, eligibility of any client. 8 for PrimeXBT Futures Pro. To calculate the cost of such a full sized trade, I used this formula: Spread x pip value+commission.
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PrimeXBT trading fees start at 0. This is supplemented with a selection of video tutorials and visual guides and a help centre with a fleshed out FAQ section. Bitcoin is on the cusp of widespread institutional adoption, and altcoins. The crypto space is still new, which drives this volatility. Price Spread or Bid Ask spread is the difference between the Bid and the Ask price of an asset. A margin call will be issued as a warning if not enough margin is held. However, PrimeXBT has fewer crypto assets and trading pairs than some other platforms. While Cardano has shown a lot of promise and even has been used in various scenarios, Cardano is notoriously slow to develop. Illuvium ILV Review 2024: Everything You Need to Know Before Buying Illuvium. Please contact for individual trading conditions. Most traders will be looking at a longer holding period than just 2 years to make significant profits. Example: with 1:100 leverage I only need 0. Crypto Futures and CFD Services on our inhouse platform are offered by PrimeXBT Trading Services Ltd PrimeXBT, a company incorporated and existing under the laws of Saint Lucia, with Registration No. This is also called a lack of a trend. Copyright © 2025 EA Trading Academy. At PrimeXBT, we protect your account by liquidating whatever is necessary before losses overwhelm you. 0005 BTC charged by PrimeXBT and you will also pay the normal network fee for the BTC transaction. As previously mentioned, PrimeXBT offers its services to clients in more than 150 countries. To celebrate hitting the 10M user milestone, Bybit is waving fees on all spot trading pairs which is pretty sweet. The only identifying item on the blockchain is your public address. Additionally, while PrimeXBT excels in copy trading, it lacks bot and social trading features, which might be a downside for some users. Separately, under its covesting module, PrimeXBT offers a « staking » option but it is NOT interest earning.
FAQ
Scan this code to download app. Given its status as the most heavily traded and largest cryptocurrency by market cap, Bitcoin is the choice of millions of traders on a daily basis. Once you have completed the registration and KYC process, you can begin trading on PrimeXBT. Do not waste people’s time. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Registration No. PrimeXBT delivered a seamless trading experience. They offer an extensive API that allows for a high level of customization and automation for your trading strategies. There are four available order types. On the PrimeXBT platform, there are three main sections which can be accessed in the header toolbar.
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Trading Features: The mobile app supports trading for both Crypto Futures and CFDs, including all order types such as limit orders, stop limits, day orders, OCO, and GTC. I found the deposit process via Volet quick and easy, with funds instantly credited to my account. Consider dollar cost averaging to minimise risk. In conclusion, PrimeXBT is a robust trading platform that offers advanced features like copy trading, a user friendly interface, and competitive fees. On this page, you will find an overview of your account balances, trading activity, and markets. I tested both versions and found that they offered a smooth trading experience without any significant compromises. While the app does send notifications for significant price changes in favorited assets, this is not as effective as custom alerts. Senin – Selasa, Kamis – Sabtu. The partnership with copy trading makes it easy to do so from the PrimeXBT portal. Use these tools to study price trends, patterns, and key levels of support and resistance. By clicking Continue to join or sign in, you agree to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy.
General Ease of Use
The absence of mandatory KYC and AML measures increases the platform’s risk of investigation and sanctions, similar to Binance’s $4. Setting up an account is quick and straightforward, with a low minimum deposit requirement of just $10. If you have been using the exchange for a period of time and are comfortable with the service then you may want to consider getting involved with their referral program. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. Make sure that you are trading a liquid market. While most exchanges don’t support withdrawals to a bank card, PrimeXBT does offer this option but charges a 5% fee, making it unsuitable for large withdrawals. Stay up to date with our latest exchange reviews, promotions, how to guides and educational articles on Bitcoin, cryptocurrency and more. The broker developed its proprietary trading platform, PrimeXBT WebTrader, which also has a mobile version. Learn more about Baksta’s Legal Terms. Courses break down complex topics into easily digestible lessons. It automatically triggers a trade when a specified price level the stop price or sell limit order is reached. However, it’s important to remember that leverage is a double edged sword. 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. Regulatory Uncertainty: Because the bitcoin sector is still developing, regulatory frameworks must still be properly developed on a global scale. Something that you may have noticed is that PrimeXBT does not require any forms of identification when you sign up. Hold your investments in a cryptocurrency exchange, custodian, or digital wallet until you’re ready to sell, making crypto trading a strategic and flexible endeavor. Next, we will discuss the spread costs involved in forex trading on PrimeXBT.
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Advanced trading concepts can be confusing for beginners. Software Common with PrimeXBT and PAYEER. I evaluated the PrimeXBT trading environment during my in depth PrimeXBT broker review. You also have pretty extensive order options which is more than we have seen on other trading mobile apps. The probability of realizing great profits in crypto trading tempts traders to invest 30 percent, 50 percent or even 100 percent of their trading capital. Depending on your jurisdiction, some products or services might not be available. The cons of PrimeXBT include a lack of regulatory oversight, as it operates without a formal regulatory framework. As one of the largest exchanges globally, Binance offers high liquidity and robust security measures, making it a preferred choice for both beginners and experienced traders. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. The values listed below are for one full base currency contract 100,000 units. Explore our local payment options and experience an improved way to begin Global trading. For residents located in these countries or traders who prefer spot trading which is more common, I recommend checking out our OKX review and Binance Review. 50 level, and the order is triggered. Fees vary depending on purchase type. PrimeXBT regularly offers ongoing promotions that provide traders with various benefits, such as deposit bonuses, fee reductions, and special trading rewards. Established in 2018, the company currently has over 100 trading assets available, 3 offices around the world, 12+ liquidity providers and enjoys an average daily trading volume of over $123,000,000. However, it has become standard on most trading platforms. Looking back at Bitcoin’s previous 4 year cycle, we can see that it initially experienced a relatively modest upward move, followed by a challenging and prolonged drawdown period before the halving event. Active users across the world. Data breaches are not uncommon in our era. This cryptocurrency emerged due to dissatisfaction with Bitcoin’s direction,. The process is straightforward and requires only a few minutes. PrimeXBT Trading Services, S. PrimeXBT PTY LTD previously Stack Advisory PTY Ltd is an authorized financial services provider in South Africa with license number 45697 having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. Our process included signing up, completing the KYC Know Your Customer verification, logging in, depositing funds, and making withdrawals. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. 2 of PrimeXBT’s Terms and Conditions. This also offers a 25% discount rate for holders of 300 600 BTC, and a 50% discount rate for holders of more than 600 BTC. But then I started to look for additional information about them on the website and understood that it’s a full fledged trading broker where one can even trade crypto futures, lol.
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Whether you’re a seasoned investor or new to the world of Cryptocurrency, seizing this opportunity could prove lucrative in the long run. In essence, if your losses exceed the amount of your initial investment the margin, the exchange will automatically sell your holding to recoup the money they loaned you. Best regards,The PrimeXBT Team. You should only “HODL” with money you’re prepared to lose. The design is intuitive, making it simple for traders to navigate through various sections and execute trades swiftly. These processing times are unreasonably long, especially compared to competitors like Binance, Bybit, and KuCoin, all of which offer SEPA Instant withdrawals that process in less than a minute. While it operates in the crowded trading landscape, PrimeXBT has built a solid reputation for its robust security measures, competitive fees, and 24/7 customer support, making it a compelling choice for traders seeking diverse trading opportunities on a single platform. Bitcoin was created to be a currency, or a digital cash system, but its evolution has taken it towards being a digital asset, and has long been called ‘Digital Gold. Go to the settings section, select “Customize Interface,” choose your preferred layout and color scheme, and save your changes. Deposit Purchase crypto via bank card or transfer via third party companies. Also guides to trading in bear markets, how to protect your account, a guide to MT4 crypto trading, are informative and I am really improving as a trader. Because traditional markets are less volatile than what we see with Crypto, PrimeXBT offers up to 1000:1 leverage on assets like Forex. Bybit stands out for its robust offering of derivatives and futures trading, with users able to trade high leverage products, such as perpetual contracts. An agent connected almost instantaneously to the chat. Its worth noting that the rest of crypto is doing the same thing, with the exception of BTC and ETH, both of which has started to show signs of strength again. Ultimately, it is up to the trader or investor themselves to manage margin positions appropriately and effectively. The values listed below are for one full base currency contract 100,000 units. Visit PrimeXBT Platform and get 35% on Your First Deposit. While PrimeXBT is not regulated or licensed, it has a positive reputation and a long history of satisfied traders. The platform also offers 0% commissions on CFD trading pairs, including global Forex, Commodities, and Indices. The responsive design facilitates trading on various devices. Therefore, soon, the market could be as regulated as the traditional financial sector. There is no maker and taker commission here, but there is a swap commission, i. While this means that withdrawals can only be made to accounts that have worked in the past, it does add an extra step and is rather inconvenient. You decide that the pound will continue to look weak going forward, as the economic figures coming out of the United Kingdom continue to nosedive. The BTC wallet address generated by PrimeXBT will automatically be entered. You can learn more about Covesting Copy Trading and managing trading strategies at the PrimeXBT Copy Trading FAQ section on their site. Within this section of our online broker reviews, we usually find that online services have opted to include the MetaTrader platform options. PrimeXBT offers specialized copy trading accounts where strategy followers and providers can connect and interact.
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We’re glad to hear that our team has been helpful and knowledgeable in assisting you with your trading setup. However, there’s a demo version for new users who are unsure about using the exchange. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. Following a VIP tier level, here is what traders on Bybit can expect to pay for trading fees. Next, we will explore the trading instruments available on PrimeXBT. With the BNB discount, it would be $3. Though its entire crypto offerings are limited to only 11 major coins, the exchange also offers additional BTC pairs for its coins, for both spot and margin. Overall, I rank PrimeXBT in the middle of the pack. With advanced trading tools and a user friendly interface, PrimeXBT is a popular choice for both novice and experienced traders seeking to profit from the highly volatile crypto markets. In efforts to prevent slippage, PrimeXBT’s trading engine can execute orders at below 7. Additionally, PrimeXBT charges funding fees regardless of whether you go long or short, unlike other exchanges that rebate fees when trading against the market. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Information about products may also be placed based on other factors, such as the ranking algorithms on our website. PrimeXBT offers two retail account types: Forex and CFD and Crypto Futures. It’s essential to keep records of all your transactions regardless of the amount to ensure you’re complying with local regulations. During his tenure, he analyzed various financial markets, companies and acquisition candidates for corporate clients undertaking financing and MandA transactions. Attend exclusive PrimeXBT events, network with other clients and learn new skills. However, it lacks free withdrawal options, with existing ones incurring higher fees compared to most competitors. Resource 20 IndexFinancial and Ind. Notably, there are no trust scores from CoinMarketCap and CoinGecko. The following data may be collected and linked to your identity. This could be ideal for those who like to trade with technical analysis. Say Ethereum market price is $314. With just a 1% market move, you could either double your position’s value or liquidate it with isolated margin. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Brand operating since.
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Although there are outliers in the stock market that have performed as poorly or worse than some cryptocurrencies, few asset classes were as impacted by the drawdown in financial markets of 2022 as crypto. Only for verified users. Scan this code to download app. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Looking for a straightforward PrimeXBT review that tells you if it’s a worthwhile platform for trading in 2024. Understanding the global reach of PrimeXBT is crucial for traders who wish to use the platform. Whether I’m watching movies, browsing the web, or editing photos, the display never fails to impress. Case Study: The Tezos blockchain is one effective staking case study. In this scenario, you have lost $0. Best regards,The PrimeXBT Team. PrimeXBT operates with a strong focus on global accessibility, ensuring compliance with local regulations in regions where its services are offered. Reducing leverage and using more margin can help lower funding fees, which are higher than those of competitors. PrimeXBT PTY LTD previously Stack Advisory PTY Ltd is an authorized financial services provider in South Africa with license number 45697 having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. Swap rates on leveraged overnight positions are the most ignored trading costs. Like most exchanges and financial sites these days, PrimeXBT has full SSL encryption. PTO and work life balance. Trading indices can offer insights into the overall direction of the markets and help you develop a more diverse investment strategy. 🔄 Futures trading isn’t just about profiting from rising prices; it offers opportunities even when markets decline, making it a robust strategy for maximizing returns in crypto. Here is the process of buying crypto with third party providers, specifically through Coinify, when using PrimeXBT.
