PrimeXBT Review 2024: Features, Pricing Pros, Cons and More

Advanced trading concepts can be confusing for beginners. Orders can be rejected Primexbt for numerous reasons, such as available margin being insufficient or markets for the selected instrument being closed, etc. Before engaging with this website and the services made available through it, you should read all relevant Terms and Conditions, policies, and accompanying documentation which govern the Terms of Use of all PrimeXBT products and services. Customisable workspaces give you an advantage. The platform provides a variety of free deposit options for both crypto and fiat. Dear Gabriel,We’re glad to hear that the PrimeXBT team was able to assist you and that you’re satisfied with the platform. The broker doesn’t require KYC, which means they don’t check if you are from the U. We may receive a commission for purchases made through these links. Chainlink’s primary function involves interacting with smart contracts. The exchange hasn’t been hacked up to the point of this writing and is considered one of the reliable and secure trading platforms. 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. Paybis: Crypto, Bitcoin Wallet.

PrimeXBT Pros and Cons

05%, while covesting di PrimeXBT there is zero commission for forex, indices, or commodities. After all, we have already seen a Bitcoin bubble pop twice. Correlation Trading 🤓️: Given that you can trade crypto as well as these more traditional assets, it means that you can also structure more bespoke and exotic trades and search for correlations between the likes of the Dow Jones vs Bitcoin and compare it to Gold’s performance and more. Warning ⚡️: Trading leveraged futures products is incredibly risky. PrimeXBT shall not be responsible for withholding, collecting, reporting, paying, settling and/or remitting any taxes including, but not limited to, any income, capital gains, sales, value added or similar tax which may arise from Your participation in trading with margin. Copy trading is a great way to get into crypto without needing to be an experienced trader. This can be done either through a direct crypto transfer from an external wallet or exchange, or purchasing crypto using integrated services like Changelly, Paxful, and Coinify to buy crypto with your debit/credit card or bank transfer. Have recently faced some Primexbt reviews and decided to check the platform out. No incidents reported. Traders choose PrimeXBT for its top tier products, security, and extremely high liquidity levels. Speedy execution and high leverage benefit traders across crypto, forex, and commodities markets.

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Trading platforms earn money from their customers not at sign up, by taking a small commission or fee on each trade. 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. By clicking Continue to join or sign in, you agree to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy. However, funds needed to cover day to day withdrawals are held in a hot wallet. While registered in Saint Lucia, its cryptocurrency services are provided by Baksta UAB, a company registered in Lithuania. The agent responded within 5 minutes, offering detailed answers to some questions while completely missing others. Visit our Help Centre. Learn more about Baksta’s Legal Terms. If any user is selected but fails to meet all requirements, the prize will be forfeited to another lucky user. Visit the fees section at PrimeXBT to confirm the exact fees on the day. It also fosters a community of traders for sharing ideas and strategies. Click on 2 “Withdraw to Wallet” to withdraw to the desired amount to the main wallet. PrimeXBT primarily supports cryptocurrency deposits, which may be inconvenient for traders who prefer using traditional fiat currencies. Depending on the market conditions, it can be a substantial difference. Although the mobile app is user friendly, the order forms are complex and can be overwhelming for new traders. Other famous technical analysts and traders include Jesse Livermore, who popularized the Livermore Accumulation Cylinder, billionaire investor George Soros, Steven Cohen, Ray Dalio, or the legendary trader William Delbert Gann, who used astrology to famously and accurately time the tops and bottoms of market cycles. PrimeXBT charges two types of fees: trading fees 0. As the market trended down, the price reached my stop loss, triggering and executing the order as expected. 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. The exchange was designed with its entire infrastructure meant to facilitate a high number of orders per second and extreme loads, while offering ultra fast order execution and low latency. I opened this long position with a tight stop loss. To activate a promo code on PrimeXBT, follow these steps.

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“The Copy trading module on Primexbt is the best solution I have ever used to copy trades of other traders. Margin is similar to collateral, the same way leverage is similar to a small loan issued to the investor from the broker. Copy trading is a great tool for a lot of users with any level of experience. This is necessary to start trading and to comply with regulatory requirements. Embark on a collaborative trading journey with PrimeXBT copy trading feature. This is done for the sake of simplicity. With PrimeXBT trading, users have access to high liquidities across more than 80 asset classes, including PrimeXBT Forex trading, indices, commodities metals, gas, and oil, and cryptocurrencies Bitcoin, Ripple, EOS, Litecoin and of course, Ethereum. This is why many prefer the term pseudonymous when it comes to crypto. I opened this long position with a tight stop loss. For example, I used crypto transfer for the first time. Returns or profits may be subject to capital gains tax. Additionally, it is well known for its supportive community, frequent updates, in depth technical analysis, market news and predictions of price movements.

Can I use leverage or margin trading on PrimeXBT?

It has the right licenses, making it a trusted and legal place to trade. To deposit Fiat currency USD, go to the Main page,. 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. In the Cryptocurrency Service category. PrimeXBT does not levy additional fees, but third party charges may be applicable. Trading involves risk. During testing, I noticed that funding fees for crypto futures were significantly higher than those on Binance and Bybit, sometimes being twice as high. There is no payment schedule, you simply pay the interest as you go along, when you open and close a trade.

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The absence of PoR could be a significant deal breaker for many traders, as transparency is crucial when selecting a trading platform to trust with your funds. Here are some real world uses for Cardano as well as prospective collaborations that could broaden adoption. 99 USD, and have a price guarantee timeline of 13 minutes. I also tested the fiat withdrawal process, using Volet. Those with no CET holdings will pay 0. The broker doesn’t require KYC, which means they don’t check if you are from the U. In order to access Crypto Currency Services, you need to open an account with Baksta through the trading platform and accept Baksta’s Client Agreement. 2024 00343, having its registered office address at PKF Corporate Services Ltd. The price spread is the difference between the buy ask and sell bid price of an asset, representing the transaction cost. For those who do not pre own PrimeXBT Crypto, PrimeXBT allows users to acquire Crypto with credit/debit cards.

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Let’s face it, we all like technical analysis. To initiate a live chat on the PrimeXBT website or app, follow these steps. This lack of transparency is concerning, especially since most leading cryptocurrency exchanges began providing PoR after the 2022 collapse of FTX. Alternatively, you can contact their team at if you have any questions related to security, account management or product inquiries. Com or you can contact us in the chat room on our website. 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. This leaves the trader with $9,960 left. Link and banner advertisements. This might cause a delay. PrimeXBT supports trading Crypto, Forex, Commodities CFDs, and Indices CFDs. PrimeXBT is a mid tier multi asset trading platform that gives you exposure to investment products including Forex, CFDs, and digital currencies. 99% fee, not PrimeXBT. If you’re new to the Crypto game or trading in general, then you might not know about an amazing set of tools called trading signals.

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3️⃣ Once the correct MetaMask account has been chosen, click the blue ‘Connect’ button to confirm. Thank you for choosing PrimeXBT, and happy trading. Bybit offers one type of main account for traders that provides access to all the features and functions of the platform. Users can analyze the past performance of traders, assess their risk levels, and decide whom to copy. 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. ON THE CONCLUSION OF THIS ANALYSIS, WE WILL DECIDE WHETHER OR NOT TO CHANGE THE FUNCTIONALITY OF THE WEB SITE. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Date of experience: April 21, 2024. This leaves Volet and Perfect Money as the alternatives. Visit our Help Centre. To review the rules and conditions for each separate Promo type, click on the icon opposite the Promo type. To do this, click on the “Main” page, then “Withdraw” on your chosen currency. Isolated margin positions have another function. The spread will be variable in most CFDs, meaning that for a bid price to be valid, there needs to be somebody there willing to buy the contract. 36 and is presently trading. It offers a professional grade trading environment with advanced features tailored for leverage and derivatives traders. Despite its extensive services and growing user base, there is no publicly available information on specific individuals tied to PrimeXBT. 35 BTC when you register using this exclusive deal for TheMoneyMongers readers. This is because it is highly volatile, and moves can be sudden and not always in your favor. In those cases, clearing the cache can help. Choose PrimeXBT for a versatile and user friendly payment experience. Com and we will be happy to help you. For withdrawal fees, opting for crypto withdrawals over the TRC20 network is more cost effective than fiat withdrawals. PrimeXBT offers 24/7 customer service in 15 languages via live chat and email. Review collected by and hosted on G2. After years of going down, ADA is ready to increase in price once again and show the true potential we all know Cardano is capable of. Further, the platforms which have more flexibility will also suit you. It awesome for proper risks allocation, since from the very beginning traders are taught to distribute risks correctly not to get exposed by them and eventually not to get disappointed about trading activity. In my experience, if you’re new to day trading, PrimeXBT might feel overwhelming, but experienced traders will appreciate the platform’s advanced tools and features, making it an ideal fit for seasoned traders. In conclusion, cryptocurrency offers various avenues for earning passive income.

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The PrimeXBT team is committed to 24/7 customer service. If you forget your password, use the “Forgot Password” link on the login page to reset it. The platform tracks price movement, across markets with live charts of hundreds of digital assets. 32 to send USDT over the BEP20 network. By using minimal margin, it allows traders to «dip their toe into the water» before «going all in. Trade cryptocurrencies, commodities, Forex, and major stock indices with ease using CFDs. Before getting started, make sure that your Zengo wallet has been set up. BaseFEX – 1:100 – BaseFEX is another crypto margin trading with high leverage that come up in 2018. The platform also supports copy trading, allowing users to automatically copy and execute the trades of successful traders. Thank you for your feedback. PrimeXBT offers four main types of orders: Market order, Limit order, Stop order, and OCO One Cancels The Other. PrimeXBT supports the withdrawal of crypto to fiat currencies, including USD. This feature allows investors to trade long or short, providing an opportunity to capitalize on market movements across various asset classes. For me, I would not deposit much money or any with an unregulated or unlicensed exchange. They use cold storage and multi sig authorization for safety. The highest leverage futures traders can use is 100:1 but the default is set at 20:1.

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PrimeXBT was founded in 2018 in the Seychelles under the name PrimeXBT Trading Services and has since grown into a global brand with clients in 152 countries. However – and although they do not accept fiat transactions – the trading pairs are made up of the available cryptocurrencies and the USD, focusing on said market. A New York state business, was shut down by the U. PrimeXBT does not charge fees for Crypto and Fiat deposits. By clicking the small pencil net to the Margin Type you’ll enter the Margin Edit section and be able to adjust your margin parameters. When a trader can anticipate the action of a whale, they can make an informed decision to turn a profit. Understanding these fee differences can help traders choose the most cost effective order type for their specific trading scenarios. This potential for amplified profits is what entices many investors to use leverage across Bitcoin Futures and other assets. Deposit or buy your favourite digital assets in app and use them to trade 100+ markets including Forex, Indices, Commodities, Futures, and more, all in one place. This program rewards the partner when their referrals trade. So, are unregulated Forex brokers scams. Nothing on this Website is intended as a marketing or promotion of its services to citizens of the EU/EEA or the UK. Through 24/7 live customer support and advanced tools, we empower our users for trading success. Larger positions will require more margin and hence reduce exposure – and subsequently broader risk. PrimeXBT is a cryptocurrency and forex broker established in 2018. 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. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect’s individual analysis and decision making. Forex Trader to Follow on InstagramForex Traders to Follow on YoutubeForex Traders to Follow. The user information on who has traded on PrimeXBT is confidential and not publicly disclosed due to privacy and security reasons. Traders of different skill levels will find the most profitable for them. Your choice between Bybit and PrimeXBT should align with your trading preferences and risk tolerance, as leverage can significantly impact both potential returns and the risks involved. However, it is active on most social media platforms, such as Twitter X, LinkedIn, and Telegram, posting regular platform updates and educational content from its PrimeXBT Academy account.

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Note that you might have to share your personal identification if you intend to use any of the services mentioned above. Traders Union TradersUnion. PrimeXBT presents an interface that’s both customizable and user friendly. While unlikely, it is not impossible. And the minimum deposit in this method is 10 USD. The active short selling and margin trading are somewhat interconnected, in the sense that you will need to borrow to short a market. I can trade a wide array of assets from one account. These symbols will be available throughout the site during your session. In my experience, PrimeXBT’s desktop platform delivered a smooth and reliable trading experience. Thanks for your feedback, PrimeXBT appreciates your opinion. PrimeXBT is happy to donate to the Save Elephant Foundation in Thailand, an organisation which rescues and rehabilitates exploited and. The price of Chainlink is influenced by several factors, including supply and demand in the market, the overall sentiment of cryptocurrency markets, and advancements or developments in the Chainlink network. Yes, I tried copy trading with PrimexBT and the experience was quite positive. Basic Attention Token BAT. Thanks for your high score, PrimeXBT appreciates your opinion and feedback. Winner of Best Crypto Analysis Platform Award 2023 and 2024 and.

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Its standout feature, however, is its copy trading module, which lets users replicate the trading strategies of more experienced traders. While direct phone support is unavailable, which could be beneficial for urgent issues, PrimeXBT compensates with other quick help options, like their Telegram bot connected to support staff. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. BEAM Inks 15% Gains As Exciting Developments Hit The Market – Details. With copy trading, investors can benefit from the experience and knowledge of more experienced traders, allowing even beginners to succeed. Ready to reach your financial goals while managing risk effectively. We always listen to our clients to improve our platform and services. He primarly writes opinion pieces for Bitcompare. Therefore, margin trading is a double edged sword with potential for both outsized gains and losses. Our website uses cookies. Since PrimeXBT does not support LTC deposits, I transferred USDT using the TRC20 network. The platform offers a very limited range of crypto futures markets and conditional orders. This is an order that is used to take profit on a trade that has worked out in a trader’s favor. What you should know about high risk investmentsRead more. Sign up FREE to receive our extended daily market update and coin analysis report. If you have been around the cryptocurrency market for even a short amount of time, certain words pop up again. A pump and dump is a scheme that new Crypto traders must avoid at all costs. Holders of the COV token receive a lot of benefits on PrimeXBT. Use 5 at once, maximum. PrimeXBT ensures a cost effective trading experience with no hidden charges, making it ideal for both new and experienced traders. Investing can sometimes lead to holding through extended drawdowns, resulting in large capital loss, For example, when Bitcoin crashed in 2017, it collapsed by over 80% from peak to trough. As for the total, it is almost impossible to know. We appreciate your perspective and understand that everyone’s experience can vary. PrimeXBT is happy to donate to the Save Elephant Foundation in Thailand, an organisation which rescues and rehabilitates exploited and. However, there are a number of different ways that a person can actually invest in Ripple and start to make money off of XRP. The process is quite simple. However, there’s a demo version for new users who are unsure about using the exchange. Its intuitiveness and simplicity provided a pleasant trading experience.