Beware The Participate in PrimeXBT Contests Scam

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. But here, it’s applied to finances. 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. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. I’m going to start off with a big spoiler right off the bat. For instance, if the stock drops to $50, the position would be worth $9,960, leaving only $3,360 after repaying the loan. You might think the two platforms are quite similar if you take a glance at both. Com promo codes are legitimate. Give it a try, you can unsubscribe anytime. And this “trend” can be seen in many other places online, so it seems this broker / exchange is a polarizing one. See the results of your calculation below. Here is how to get your deposit bonus, remember this is for new members only. Traditional assets like commodities, stock indices, and forex currencies are also available to trade with leverage. The platform does not charge additional non trading commissions, such as account replenishment fees. There is no minimum or maximum withdrawal amount required. It’s been integrated into more than 300 projects, most of which are in DeFi and blockchain, followed by data providers and nodes. The vibrant colors, sharp details, and wide viewing angles make for an immersive visual experience. However, the absence of custom price alerts was a notable drawback. Com so we can investigate this matter thoroughly and provide clarity. Use of Scripts and Expert Advisors: Expert Advisors, programs, or scripts demonstrated within the website are for educational and demonstration purposes.

Insert/edit link

These steps can help resolve most common withdrawal issues, ensuring a smoother process. Information regarding past performance is not a reliable indicator of future performance. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. Additional features include Trading and Analysis Tools, a Referral and Affiliate Program, various rewards, and contests. Moving to proof of stake means that you can receive mining rewards based on how much of the coins you stake. PrimeXBT offers built in technical analysis tools. Buying your favourite cryptocurrencies is both quick and easy. The exchange’s website states that support specialists work around the clock and usually respond within 2 minutes. PrimeXBT does however reserve the right at any time to conduct a verification of a client’s identity or source of funds using a Customer Due Diligence https://primexbt-finance.com/concursos/ procedure. However, PrimeXBT does not offer any alternative platforms. All existing users and potential clients must take the time to carefully read through PrimeXBT’s terms and conditions before agreeing to them. Please note that customers from South Africa are not able to withdraw funds using cryptocurrency. It’s important for users to be aware of this fee when planning withdrawals, as it is deducted from the withdrawn amount. Quite frankly, stellar is in serious trouble, and needs outside help in the form of other cryptocurrencies pulling it up from here. While KuCoin and Binance remain the kings of crypto trading contests, what is interesting about PrimeXBT is that the trading contests are done with virtual funds in a demo account where traders compete against each other but can win real rewards like USDT cash prizes. I appreciate the breadth of academic content, but more structure could improve the educational value. Generally, a short squeeze tends to be a relatively short lived event. To initiate and tailor these contests to their preferences, interested parties can contact PrimeXBT via their support email for personalized assistance, complete with customized banners and infographics. Third party providers Volet and Perfect Money are also available but add an extra step compared to direct bank transactions. We added new features, reached new audiences, and added more tools and abilities to our powerful trading platform. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Coinbase is the better crypto focused platform, while PrimeXBT is better for traders who want to trade CFDs and multiple different markets. Withdrawal processing time on PrimeXBT varies depending on the cryptocurrency and network used. No CFD trading fees, but watch out for spreads, commissions, and swaps. However, depositing or withdrawing fiat currency will require KYC identity verification. All in all, PrimeXBT is an ambitious player in the crypto futures trading sphere.

◾️Where can I check my login history?

Explore the diverse benefits of common and preferred shares on PrimeXBT, where the world of stock trading unfolds with opportunities waiting to be seized. It also might be beneficial to practise in a demo account to gain experience in applying the advice of different trading signals services. Overall, I rank PrimeXBT in the middle of the pack. The file is verified secure by PrimeXBT. Whether or not you will actually be able to perform proper technical analysis and be accurate from such a tiny screen with big fingers is another matter. You can easily long or short Bitcoin and other popular digital assets with just a few taps. Keeping the bulk of assets in offline cold storage is recommended, but not convenient so keeping a small portion of crypto in a separate secure cryptocurrency wallet on a trusted and reliable platform like PrimeXBT is an ideal way to still have relatively quick and safe access to funds. Email Newsletters and Forums. My deposit was credited after 20 network confirmations, which took a few minutes. 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. Direct bank account withdrawals are not typically supported on PrimeXBT as it is primarily a crypto based platform. Customer service is top notch, and registration is free for anyone interested. Best customer service ever. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Bug Bounty Program: PrimeXBT does not currently have an active bug bounty program. On the Internet, we have not found any feedback from clients who faced hacking of the platform and loss of their funds. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. PrimeXBT Trading Services Ltd is officially registered in St. While the broker deserves credit for publishing an extensive collection of over 350 educational articles, the majority are overly subjective and abstract. PrimeXBT offers flexibility with cryptocurrency purchases through partners and multiple account features, like 2FA and demo accounts, to enhance trading. Next, we will discuss the importance of staying informed and how to keep up with market trends and news for short selling opportunities. However, users should be aware that depositing fiat currencies through third party payment processors may incur fees, which are determined by the payment provider. Untuk memuat turun aplikasi PrimeXBT pada peranti iOS anda, ikuti langkah langkah berikut.

Trade anywhere, any timeTrade anywhere, any time

The iSystems platform allows you to analyze, compare, and choose the strategies that best fit your investment strategy, available capital, and risk tolerance. You can still continue to trade, as long as it doesn`t exceed the amount of the bonus. It depends on your individual risk tolerance and experience level. This minimized my losses and still only cost 0. In the ‘Margin’ page, select the appropriate margin account, enter the promo code, and click ‘Activate’. Once you have successfully registered, you can proceed to the next steps to claim your bonus. Understanding these drivers can help investors and traders make informed investment decisions. The fiat withdrawal process was straightforward but took a long time. Invest time and effort in learning and refining your trading skills through educational resources, trading courses, practice accounts, and networking with other traders. In terms of fees, PrimeXBT has transparent and competitive trading fees, with discounts available for high volume traders. Swap rates on leveraged overnight positions are the most ignored trading costs. Reply from PrimeXBT Copy Trading. We also have in depth dedicated reviews for both of the exchanges in this article if you want to learn more about them. Imagine investing $100 in Ethereum back in 2013 when it was a mere $0. No marketplace activities such as buying or selling crypto, items, accounts etc. For fiat, just go to the main page of your account, then navigate to the Wallets section, click ‘Withdraw’ next to the currency wallet, and select the method to proceed. On the other hand, a stop order used to sell an asset is referred to as a stop loss order. Yes, the PrimeXBT app is available for both iOS and Android devices, ensuring accessibility for a wide range of users. Are you an Apple user. Join a world of seamless online trading at PrimeXBT, where user friendly design meets top notch security. PrimeXBT is a cryptocurrency exchange that offers leveraged trading for several digital assets, including Bitcoin, Ethereum, and Litecoin, among others. This is what is known as the over the counter, or OTC market. You can see the plethora of advanced trading options supported by Bybit, which has made this one of the top exchanges in the world for professional traders. IF ANY OF THE FOLLOWING TERMS ARE UNACCEPTABLE TO YOU, YOU SHOULD NOT USE THE WEB SITE, AND TO THE EXTENT PERMITTED BY LAW, YOU AGREE NOT TO HOLD ANY OF THE COMPANY AND ITS RESPECTIVE PAST, PRESENT AND FUTURE EMPLOYEES, OFFICERS, DIRECTORS, CONTRACTORS, CONSULTANTS, EQUITY HOLDERS, SUPPLIERS, VENDORS, SERVICE PROVIDERS, PARENT COMPANIES, SUBSIDIARIES, AFFILIATES, AGENTS, REPRESENTATIVES, PREDECESSORS, SUCCESSORS AND ASSIGNS LIABLE FOR ANY LOSSES OR ANY SPECIAL, INCIDENTAL, OR CONSEQUENTIAL DAMAGES ARISING FROM, OR IN ANY WAY CONNECTED, TO TRADING WITH MARGIN, INCLUDING LOSSES ASSOCIATED WITH TRADING WITH MARGIN. Trade Execution: One Click trading can be enabled to expedite the buying and selling process, eliminating the need to confirm each trade. 1M+ community members. These products are not suitable for all investors. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia.

Does PrimeXBT require KYC?

In this example, assume a 10% margin is required to take on a $1000 purchase. Customizing your trades highly depends on the mirror trading platform you are using. :Just a joke, the platform is a user friendly one according to my experiece. While the app does send notifications for significant price changes in favorited assets, this is not as effective as custom alerts. Additionally, 4C Trading is a Cryptocurrency exchange, which means that they also profit from fees they charge on transactions, potentially on account funding and withdrawals. 1, as well as 0 fees. Forex Brokers with ZAR Accounts. Among the disadvantages, we would like to point out that the withdrawal of funds is not round the clock, there is a small selection of cryptocurrencies in which you can deposit and withdraw, as well as the fact that the Personal Cabinet and a number of training materials are available only in English. Oil trading is one of the most popular ways to play the global economy, as the oil market is considered. The platform provides CFDs for forex, indices, commodities, and cryptocurrencies, but this review focuses on Crypto Futures. There are too many instruments and markets for one person to trade them all, it makes sense to share the workload and profit from traders trading separate instruments to yourself. Copy trading has become increasingly popular in the traditional trading and crypto space, and for good reason. Our invaluable educational resources provide the ultimate trading guide. However, there are risks to the outlook, which principally centre around Trump’s proposed trade tariffs what they could mean for supply chain disruptions, risk sentiment, and the Fed’s ability to cut rates. Copyright © 2025 EA Trading Academy. Learn more about other kinds of reviews. While depositing and withdrawing to a bank card is convenient, it may incur conversion fees. Traders should exercise caution and have a thorough understanding of the risks involved in leveraged trading. Below is a list of common payment issues you may encounter on PrimeXBT and their potential causes. It also can be used to manage part of your money, allowing for instant diversification as traders will react differently and, of course, have different strategies and assets than you might have. When it comes to the charting package, PrimeXBT seems to have quite a comprehensive charting functionality.

Islamic Accounts

It has come to our attention that several websites, as well as several social media accounts and online discussion forum accounts, have been posing as PrimeXBT or official PrimeXBT staff members with the goal of scamming users and stealing their funds. It offers a professional grade trading environment with advanced features tailored for leverage and derivatives traders. Jumping into margin trading without a plan is like venturing into a battlefield unarmed. Liquidation occurs when the value of your position falls below the minimum margin requirement set by the exchange. To calculate the profit you have made, you multiply the difference between the closing price and the opening price of your deal by its total size. There are multiple ways to place a stop loss, but most people will use the latest swing high or swing low, depending on their trading direction. Diversification beyond just Crypto protects you from market specific downturns. Learn more about other kinds of reviews. To minimize trading fees, I recommend using limit orders to benefit from lower maker fees. Io, in my opinion, is the leader in crypto copy trading. Founded in 2015 and launched with a $62. Our website uses cookies. PrimeXBT does however reserve the right at any time to conduct a verification of a client’s identity or source of funds using a Customer Due Diligence procedure. There is a myriad of Crypto signal providers, but only a handful or five handfuls are considered great due to the reliability and quality offering the best Crypto signals. Avoid this exchange altogether. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. Here are 8 tips for writing great reviews. PrimeXBT Trading Services, S. The most common mistake when trading cryptocurrencies on margin is to overtrade. The moving average is an indicator of short term price trends.

Where is PrimeXBT legal?

Once you have selected the desired exchange direction, the amount of currency to exchange, and chosen a fitting exchange rate, click on the blue ‚Confirm’ button to execute the exchange. Unrecognized or Partially Recognized Jurisdictions: Crimea, Donetsk People’s Republic, Gaza Strip, Zaporizhzhia and Kherson, Luhansk People’s Republic. However, unlike some exchanges that prioritise complex derivatives, PrimeXBT offers a straightforward way to buy and hold Ethereum. For example, 1:200 leverage means that, if using $1,000 of your personal funds, you will be able to trade with up to $200,000. After a flow and ceiling level has been established, a trader can know the right time to create or exit a position. Not only does this include offering traditional assets next to digital assets like Bitcoin, long and short positions, built in charting tools, and more, it now includes buying Bitcoin directly with a credit or debit card without ever having to leave the PrimeXBT platform for another website. If you have any more questions or need further assistance as you continue to refine your trading approach, please don’t hesitate to reach out again at. This will result in maximum margin utilization at 1:200 leverage and 0% of Available Margin will remain. The platform provides CFDs for forex, indices, commodities, and cryptocurrencies, but this review focuses on Crypto Futures. The platform offers a very limited range of crypto futures markets and conditional orders. The image below shows the top 8 perpetual futures markets for Stellar Lumens. These physical coins, however, are simply metal “coins” that include a QR code or some other means to access a blockchain wallet. The main reason why any trader would want to use leverage is to increase their profits. These products are not suitable for all investors. 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. We’ve rounded up 15 of the best non KYC crypto exchanges in October 2024. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. Common Alternatives of Fairdesk and PrimeXBT. Traders can speculate on the performance of global major stock markets by trading indices. In this sense, Shiba Inu is very far out on the risk spectrum, and therefore it is not until the bigger coins start to attract much attention that Shiba Inu can.

BDM with focus on KOL MKT

Fees which traders should take into consideration are. Information regarding past performance is not a reliable indicator of future performance. Although this is a perpetual futures trading pair, not a direct comparison with our other trading tests, my experience trading derivatives on Binance, Bybit, KuCoin, and Kraken indicates that PrimeXBT performs just as well in terms of order execution and fills. To set up an account with PrimeXBT, follow these simple steps. Deposit Insurance: PrimeXBT does not offer any insurance coverage on client deposits. Charles Hoskinson, one of the co founders of Ethereum, is the brain behind Cardano. To set up 2FA, log in to your PrimeXBT account and navigate to the security settings. You can participate in multiple tournaments at the same time. Swing trading is a short term to medium term trading style. Crypto: Supports Crypto Fiat and Crypto Crypto trading. Anyone can join at any time and become a strategy manager or a follower –– the system filters out less successful traders. As part of this update, we’re also introducing an updated Welcome Bonus that offers bigger payouts for active traders, with potential rewards of up to $500. Get discounts on trade fees, overnight financing, and even deposit bonuses to enhance your trading experience. They enjoy accessing markets like cryptocurrencies, forex, indices, and commodities. We appreciate your positive feedback and are committed to continually enhancing our services. If you are looking for signals and a trading bot, then 3Commas have everything you need including a convenient crypto signals app on Android and iOS.

Post Registration Deposit

One downside is that you can’t rearrange or resize the modules like you can on exchanges like Kraken and Binance. Each market section on the platform has an area to input trade orders, specifying the amount and whether it’s a buy or sell order. Cryptocurrencies being speculative assets actually causes them to respond more favourably to technical analysis. These tokens can be stored on any Ethereum based wallet. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. This website is owned by PrimeXBT PTY LTD previously named Stack Advisory PTY Ltd a company registered in South Africa, with registration No. Round 1: Features and Functionality. Compliance with KYC regulations is essential for maintaining a secure and compliant trading environment on PrimeXBT. Best regards,The PrimeXBT Team. Reply from PrimeXBT Copy Trading.

Khalid m

Staking is the process of holding funds to receive rewards, while contributing to the operations of a blockchain. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. If you ever need assistance or have any questions, please feel free to reach out at. You can learn more about what makes Bybit popular for copy trading in our Bybit Copy Trading Review. The exchange is available to traders, and its primary cryptocurrency features include copy trading and margin markets. Is it just another trading platform, or does it truly stand out. Traders who trade cryptocurrencies may see larger volatility of their trading performance given the powerful price movements in cryptocurrencies. PrimeXBT encourages new users to enable security features such as 2FA and to customize their trading interface. Dear Vuyo,Thank you so much for your detailed feedback and recommendations. The ability to combine multiple bonuses may depend on the terms and conditions of each bonus. PrimeXBT adheres to these regulations to maintain its credibility and ensure the safety of its users. The crypto and financial landscapes are constantly changing, and information may quickly become outdated or incorrect. We appreciate your recommendation and encourage others not to miss out on exploring these opportunities. We’re glad to hear that our support team was responsive and able to assist you with your queries about taker/maker fees. Here are some of the main Pros and Cons you should consider from this PrimeXBT review. Crypto Futures and CFDs are high risk, leveraged products that may not be suitable for all investors, as they can lead to significant losses.

More author posts

It also does not allow direct setting of stop losses or take profits, requiring an additional step after opening a position. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. It’s not just a CFD exchange — it’s your gateway to trading crypto, stocks, commodities, and Forex all in one place. Aside from being able to trade multiple asset classes on a high performance trading engine and interface, being able to compete in trading contests without risking your own capital is an awesome feature which I am sure will only increase the popularity of the platform. Asset coverage is one of the more impressive aspects of the PrimeXBT trading platform. Pick top performers, copy their trades, and earn up to 75% profit share. While the ability to withdraw to a debit/credit card is convenient, the fees are high and unsuitable for large withdrawals. It is ideal for experienced traders, offering advanced charting and a variety of tools to support diverse trading strategies. 49% ROI, Cov Covesting continues to attract new copiers while improving already impressive results. The exchange does not currently offer fiat off ramps for withdrawals. Learn more about Baksta’s Legal Terms. That’s the profit power of the PrimeXBT referral program. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. However, users should be aware that depositing fiat currencies through third party payment processors may incur fees, which are determined by the payment provider. Robinson was responsible for transaction execution, business development, strategy, finance and operations across the group. However, PrimeXBT does not offer any lower risk securities, such as ETFs and bonds. You should know that leverage can greatly increase profits but it’s also a very sharp double edged sword because it drastically increases risk as well. It provides 31 Crypto Futures trading pairs and 37 CFDs, focusing on large cap cryptocurrencies like BTC and ETH. 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. There are two different account tiers on MEXC: primary and advanced. Fees have become incredibly competitive in the crypto exchange industry and neither PrimeXBT nor Bybit will break the bank. PrimeXBT only offers withdrawals once per day, but this is due to the cold storage method that assures such high safety standards are maintained and all customer funds are safe – it is worth the tradeoff in this case sacrificing the speed. Advanced trading concepts can be confusing for beginners. However, users must trust the exchange with their funds, which can be a security risk. The risk was only $5 on GBP/USD, and my balance was around $316. PrimeXBT agrees to provide services subject to the client not being a user or a resident of a restricted country, which includes. The term refers to the periodical reduction of BTC mining rewards by half, a process occurring approximately every four years. PXBT Trading Ltd, is a licensed Securities Dealer in Seychelles under License No. Since its creation, an entire asset class has been created in its vision. He also worked with Jamaica Producers Group Caribbean snack food business where he managed finance and logistics.

Bitfinex Moves Derivatives to El Salvador After Winning Digital Asset License

PrimeXBT is a perfect match for leverage and derivative traders due to its advanced trading platform and high leverage options. The platform is available in 16 languages and serves users from more than 200 countries. Verification can help ensure real people write reviews about real companies. While PrimeXBT boasts a user friendly interface with fully customizable support for multiple monitors and offers leverage of up to 1:100, these features might not be enough to compensate for the limited access to U. You also have pretty extensive order options which is more than we have seen on other trading mobile apps. I opted for the LTC/USDT perpetual futures pair and placed a limit buy order, which was executed as soon as the price reached the limit, costing me 0. These risks encompass the possibility of basing your trading decisions on the activities of traders who may lack experience or knowledge, or those whose goals, intentions, or financial conditions may not align with your own. Regulations can affect various aspects of trading, including account verification, transaction limits, and the availability of certain trading instruments. Some products and/or services might not be covered by the Compensation Fund. Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.

Worse

This will allow the trader to define specific levels for entries and exits. If you do not have have the time or experience to trade or simply do not want to trade yourself, we highly recommend check out the Covesting module. However, PrimeXBT has not experienced any issues with customer funds throughout its operational history. This fee is relatively standard in the industry, covering the transaction costs on the blockchain. PrimeXBT actively engages with its community of traders and investors through social media platforms like Reddit, YouTube, and Facebook. Jito Staked SOL JITOSOL. This causes a slight delay in funds being available in the account. PrimeXBT aggregates liquidity from over 12 different exchanges, ensuring high liquidity for traders. The entities above do not offer services to residents of certain jurisdictions including the USA, Canada, Iran, North Korea, Russia, and other Restricted Jurisdictions. Risk management involves identifying potential risks, assessing their impact, and implementing strategies to mitigate them. PrimeXBT is not authorised or regulated by any National Competent Authority or Regulatory Body in the European Union EU or the wider European Economic Area EEA or the United Kingdom UK. 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. They are registered in Seychelles and have offices in St. Many countries may trade on the Exchange, except those that are prohibited or unrecognized jurisdictions. PrimeXBT operates a tier based referral program where you will earn a percentage of trading fees not only on those traders that you directly refer but also a percentage from 2nd and 3rd tier referrals. If you have any more questions or need further assistance as you continue to refine your trading approach, please don’t hesitate to reach out again at. The table demonstrates how much you would have to pay to trade 1 full lot 100,000 units in EUR/USD with a pip value of $10 for each account. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Reg. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. PrimeXBT aggregates liquidity from over 12 different exchanges, ensuring high liquidity for traders. Investing is speculative. During the late 2017 and early 2018 cryptocurrency hype bubble, few crypto assets or altcoins received as much buzz as. 1 Choose your Turbo account currency. To choose a strategy manager, review the detailed performance metrics provided by PrimeXBT, including historical returns, risk level, and trading style. We noticed that the platform lacks TradingView support and instead relies on an in house charting system. As aforementioned, Bitcoin is the largest cryptocurrency globally by market cap. The entities above do not offer services to residents of certain jurisdictions including the USA, Canada, Iran, North Korea, Russia, and other Restricted Jurisdictions. However, there were a few areas of disappointment. As the DeFi ecosystem expands, it is anticipated that Cardano could capture a significant share of total value locked given its strong fundamentals.