PrimeXBT Review 2025: Complete Exchange Overview

PrimeXBT awards prizes for virtual trading contests. For enhanced security, it offers two step authentication and biometric login options. This is especially true when you’re talking about a small market like Shiba Inu, so you need to understand the overall risk appetite of crypto traders. Slippage can occur for a number of reasons. Yet, PrimeXBT is not available to traders in the United States due to regulatory issues. Upon joining a contest, you will be provided with a free pre funded contest account. Aside from user friendliness, both platforms have incredibly high quality and high performing matching and trading engines with the order functionality and execution of a professional grade exchange. Here are some common mistakes to be aware of. 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. The copy trading feature shines here, allowing me to mirror successful traders’ moves effortlessly. As we have seen above, beyond the location of the oil field the type of contract you trade oil with is an important aspect. Since 2018, PrimeXBT brand was been providing traders all over the world with cutting edge financial technology, helping them make the most out of the markets. Pl Wszelkie prawa zastrzeżone. Liquidation of a positions takes place when your trading account balance Available margin drops to 0%. It takes just a few tìm thêm thông tin minutes to get started. For detailed tutorials see. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors.

PrimeXBT

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. That is one of the reasons why here at the Coin Bureau, one of the ways we strive to help our community is by streamlining the process and helping folks find the right exchange that is best for them. In order to withdraw funds from your cryptocurrency exchange account, you need to submit a withdrawal request from your Personal Area. The spread is essentially the fee you pay for trading an asset. Now, you can join contests, ace quizzes, read exclusive crypto insights, and unlock your potential in the cryptocurrency world with us. Next, PricePrediction made an ADA price prediction which was more bullish for the latter half of the decade, with its cardano price prediction for 2030 estimating that the coin could average $7. While withdrawing to a bank card is the fastest and most convenient option, the extremely high fees are a major drawback. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. Because of this, it is difficult to call Dogecoin a good investment when there are so many better choices available. Scan the QR code with your device’s camera and get APK file. Always remember to do your own research first and never invest more than you can afford to lose. Our website uses cookies. Trade Execution: One Click trading can be enabled to expedite the buying and selling process, eliminating the need to confirm each trade.

PrimeXBT Reviews

The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. Even considering these price drawbacks, Ethereum is projected to reach highs of $8,286. Mirror trading is often lumped together with copycat trading, and social trading — while these are all quite similar in essence, there are distinct differences. However, these long term Ripple XRP price forecasts forecasts are highly speculative and should be viewed with caution. Withdrawals: Withdrawing any funds from your account will automatically cancel the bonus. The formula for calculating the value of a swap: Swap rate % Asset price Amount position size. This gives a leverage ratio of 10:1. Type below and hit enter. Next, we will discuss withdrawal fees and their implications for forex traders on PrimeXBT. Active users across the world. The content is written in an easy to understand language without intentionally misleading language. Trade Execution: One Click trading can be enabled to expedite the buying and selling process, eliminating the need to confirm each trade. PrimeXBT’s platform accommodates spot trading, pending orders, and one click trading. Risk Warning: Before using this website or its services, you should review all relevant legal documentation. Can trade currency/metal CFDs there too, but I don’t do that. This broker has an amazing service, I reached out to them about one of their ebooks and I got a very explanatory response that I was very pleased with. PrimeXBT Trading Services, S. For oil contracts, Avatrade uses a spread of $0. This may involve a robust identity verification process. Receive the latest news and stay informed. While it offers the potential for amplified profits, it also comes with heightened risks, such as higher interest rates on borrowed funds. Money Management involves traders trying to limit their risk on trades at times so that they have no more than 5 percent of their total account balance in the line of fire. PrimeXBT is a well established CFD exchange that has become a popular platform for all types of traders as it gives clients the ability to trade a number of assets including crypto, stocks, forex, commodities, indices and more as contracts for difference. However, it lacks a depth of markets tool and does not support automated trading via Expert Advisors EAs. By utilizing the No Deposit Bonus, traders can explore various trading strategies and familiarize themselves with the platform’s tools and features. This is a break down analysis of GBPJPY after today’s Bank of England Interest Rate Decision. Users can also customize the indicators in terms of the time frame and other important inputs. As PrimeXBT does not support holding LTC tokens, I used USDT to test this withdrawal. Indicate whether you are a US resident please note that trading on the platform is prohibited for US citizens.

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It costs more to execute a full sized EURUSD trade with PrimeXBT than with the typical STP broker. GIMUN2025 Delegate Application. Learn more in our Cookie Policy. It is an exciting time in the Cryptocurrency industry. An agent connected almost instantaneously to the chat. Besides my profit, the exchange charged an extra £29 in fees. The markets can suddenly move in one direction or the other, and it isn’t always favorable. Want to buy Bitcoin outright or trade CFDs on Gold or EUR/USD. Their subscription prices for their amazing crypto trading signal services is very reasonable. They have also designed this platform around “widgets”. Once you know how and when you want to trade you’ve defined your trading plan, haven’t you. It’s hard to pin down a lot of company information but it has grown exponentially after almost a year in business. And while Bitcoin is vehemently opposed to banks, Ripple works with directly banks to get them to implement the XRP protocol and replace cross border payment solutions like SWIFT wire transfers. 57 by December, and it had an average forecast of $0. Founded in 2018 and headquartered in South Africa, PrimeXBT provides more than 150 CFDs currency pairs, commodities, indices, and cryptocurrencies and crypto futures contracts. Ultimately, as the final innings of 2020 approached, Dogecoin finished strong with a value of $0. Easily schedule regular transactions to reduce the impact of price volatility. Users of PrimeXBT can trade over 41 cryptocurrency pairs with 200x leverage and a wopping 1000x leverage on forex making it one of the best crypto platforms for short term trading. NASDAQ NDX: The indices markets have also shown a strong rally following the U. Best regards,The PrimeXBT Team. PrimeXBT takes the most important step in customer safety, which is that they keep the majority of funds in cold storage that needs multiple signatures from multiple staff members to access. For new traders learning to trade, this can be a great way to gain exposure to trading strategies and be able to analyze how a successful trader approaches the markets. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Authorized Dealer of Fred Perry and New Balance. Your feedback is crucial in helping us improve. My orders keep getting cancelled because the margin pool for BTC/USD is dried up. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Some products and/or services might not be covered by the Compensation Fund.

PrimeXBT Overview

In this situation, pay special attention to the $0. They wish to hide their credentials from authorities. Depending on your jurisdiction, some products or services might not be available. Unlimited via Perfect Money. You will see a message stating that you agree to the processing of your personal data in accordance with the regulations of the exchange. Some of them have prize funds of $20k, and don’t require any money to join, so. Best Crypto Exchanges. Here is an example of margin trading in the crypto market. You decide to close the trade once the pair reaches 1. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Happy trading and stay safe. Thanks for your patience. Wait a moment and try again. Trading cryptocurrencies can be done in a wide range of ways. Finally, if you suspect that something could be down with the exchange then you can always head on over to their status page.

Is PrimeXBT suitable for hedging?

While higher leverage can indeed be risky, it’s great to see that you’re comfortable with your strategy. The few scores available are largely negative, primarily criticizing the platform for its lack of Proof of Reserves, absence of an active bug bounty program, and overall lack of transparency. However, users should be aware that depositing fiat currencies through third party payment processors may incur fees, which are determined by the payment provider. Seek independent advice if you have questions or do not fully understand the risks. Switching markets and searching trading pairs on PrimeXBT is straightforward. Best Regards,The PrimeXBT Team. Io is a great exchange, don’t get me wrong. Date of experience: December 12, 2024. Also, new traders can take it as a learning opportunity by observing how professional traders move. Explore PrimeXBT’s demo trading feature for risk free practice. However, it lacks free withdrawal options, with existing ones incurring higher fees compared to most competitors. By doing so, they can rapidly increase the size of their account, but it should be noted that losses can be amplified as well. Profit from the markets by following the experts. The success of Cardano will ultimately rest on its capacity to fulfill its commitments, draw in developers and users, and handle the shifting regulatory landscape. These addresses are known as whales. 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. Yes, there have been no large scale hacks or security breaches at PrimeXBT. Comments: Despite seeing several reviews expressing concerns about high leverage on PrimeXBT, I actually find it to be an advantage as it increases the potential for profits. Currently, there is a limited time promotion where referrers can earn a $300 bonus if their referee registers, deposits at least $300, and makes at least 30 trades, reaching $500,000 in trading volume across crypto futures or crypto CFDs. Paste the address into your personal wallet to send the Crypto. Crypto Futures and CFDs are high risk, leveraged products that may not be suitable for all investors, as they can lead to significant losses. The supply of a nation’s currency is controlled by the central bank of that country. By following the simple steps to activate the promo code, you can take advantage of a $100 Deposit Bonus and an exclusive 7% bonus on your deposit, providing you with the extra boost needed to explore the platform’s extensive trading options. Copy trading is also great for the “armchair” trader and anyone who is just looking to make some passive income. Select Accept to consent or Reject to decline non essential cookies for this use. Selecting an appropriate leverage ratio for margin trading is similar to choosing the right climbing gear for a mountain climbing adventure; it significantly impacts your journey. Beginners should generally opt for lower leverage ratios to minimise potential losses, while experienced traders with a higher tolerance for risk might consider using higher leverage to potentially amplify their gains. One day I saw a fairly detailed PrimeXBT review. The cryptocurrency market operates in a decentralised manner facilitated by blockchain technology. 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.

How to Install the APK

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. To claim the PrimeXBT welcome bonus, it is essential to deposit at least 0. Best of luck with your ongoing trade—let’s indeed make the most of these opportunities. However, we conducted a trading test and provided a detailed review based on our firsthand experience for those interested in the trading experience. A good Forex trading strategy is profitable obviously. This makes it a quick and easy forex and crypto broker to get started with. For users looking for a simple exchange that is beginner friendly to simply buy and hold crypto, then Coinbase is the better platform. You can learn more about Covesting Copy Trading and managing trading strategies at the PrimeXBT Copy Trading FAQ section on their site. The main drawbacks are the lack of spot margin trading and the very limited number of available markets. “my favorite platform” mohammed daas.

Which platform has lower trading fees?

Receive the latest news and stay informed. Learn more about Baksta’s Legal Terms. Click Download and confirm the file download if you see a warning. To hold court with politicians and regulators, assuring them of FTX’s trustworthiness and commitment to level headed cooperation between government and industry to institute reasonable rules and regulation for the space. On the news of the new high, many exchanges saw an uptick of traffic and of course brokers that offer Bitcoin ETFs saw the assets they manage grow in value exponentially. Just click on ‘Withdraw’ next to your desired Crypto under the ‘Wallets’ section on the Accounts dashboard. When an isolated margin position exhausts its available margin, that position is closed. Top of the book ASK quotes are reflected as a green indicator on the price range field of the chart. 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. So, why engage in trading with them. PrimeXBT provides traders with an interesting alternative to the status quo with crypto margin trading. The platform is designed to handle high trading volumes and maintain seamless operation even during peak market activity. Understanding the significance of Know Your Customer KYC procedures, we emphasize that all clients adhere to PrimeXBT guidelines, exercising due diligence in compliance with local laws and regulations. Crypto Deposits: PrimeXBT offers free crypto deposits. Risk Warning: Before using this website or its services, you should review all relevant legal documentation. That being said, currency traders and others use margin on almost every trade they place. International users who can use FTX International may prefer FTX, and international users at both FTX and PrimeXBT can trade without KYC as a bonus.

My Key Takeaways After Testing PrimeXBT Desktop

Covesting allows any client to invest in other traders and start their own investment funds, essentially copy trading. Step 3: Complete the application form. 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. However, market structure is the most common in swing highs and lows. 3 billion fine for failing to comply with AML regulations. My deposit was credited after 20 network confirmations, which took a few minutes. Check out our Help Center. Withdrawal requests made before 12:00 UTC are processed on the same day, but requests made after 12:00 UTC can take up to 24 hours to process. With copy trading, you can copy trades of more experienced traders and enjoy the results of their analysis, while you gain the experience to start trading yourself. PrimeXBT supports two factor authentication 2FA through Google Authenticator, ensuring an additional layer of security. Like any investment, a thorough understanding of the platform, its offerings, and customer support is vital before getting started. Major non OPEC countries, like the USA and China, as well as Europe, have the biggest demand for oil but as such, when global financial uncertainty strikes in these areas, the demand for oil usually drops rapidly. The file is verified secure by PrimeXBT. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. 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. We’ll dive into the specifics and find out if US citizens and residents of other countries face any restrictions when using PrimeXBT. A US dollar is made up of 100 cents. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. The trading paltform is something that even a kid will understand. XLM, an altcoin trading under the symbol XLM, gained popularity during the 2017 crypto hype bubble and rose to become. When you feel like revenge trading, always remember this point – The market doesn’t owe you anything. This means that even if a hacker were to access the servers of the exchange, they would not be able to read them. The utility of XRP in solving real world problems will drive its adoption and value. PrimeXBT offers a variety of bonuses and promotions for both new and existing users. This is a more rounded approach and takes into consideration a lot more than just the charts and general price movement. Now we’ll delve into some benefits and drawbacks of this program. The reason is that Bybit supports over 500 crypto assets and crypto derivatives, compared to the approximate 40 found on PrimeXBT. This is a kinda versatile trading platform. Some traders will adjust the trade along the way, thereby ending up with a different target than when they started the position.

Trading Conditions

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. Deposits are free, but there are withdrawal fees for cryptocurrencies. After that, place stop loss orders and limit orders. PrimeXBT offers a range of order types to accommodate different trading strategies and preferences. Returns or profits may be subject to capital gains tax. I discovered that PrimeXBT’s FX and CFDs account features less competitive prices than the industry standard. The Dogecoin community collectively dove into speculations over its price predictions, its market cap, and how they may affect the future of Dogecoin. You can even find education on the platform, which I do not think is the most helpful, so you might want to get education from additional sources. Contests – test your skills and compete with other participants to win prizes by trading Crypto, Indices, Commodities and FX with up to x1000 leverage with virtual funds creating a risk free environment. Assuming you are cross margin trading, but realising that you are using isolated margin mode as your trades close due to margin stop out, can be catastrophic. In addition to cryptocurrency withdrawals, PrimeXBT also supports fiat withdrawals through various payment processors.

My Key Takeaways After Testing PrimeXBT Desktop

Crypto Futures and CFDs are high risk, leveraged products that may not be suitable for all investors, as they can lead to significant losses. 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. For carrying a position overnight. 🌐 Discover all about PrimeXBT, its features, and future updates directly on their official platforms. Risk management is important in leverage trading. Thank you for sharing your experience, and we’re truly sorry to hear about your concerns. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. ETH is outperforming bitcoin. Optional KYC and a demo account for practice are also available. Be sure you fully understand the risks involved in leveraged trading before using leverage on a live account. While Dogecoin’s future may be uncertain, it is always possible to make a comeback with new use cases and improved technology, and it is worth keeping an eye on its future developments. Traders can visualise trends, spot support/resistance zones, and identify patterns faster to find more opportunities. COV tokens can be picked up directly on PrimeXBT by exchanging BTC, ETH, USDT or USDC for COV or alternatively be purchased on KuCoin or swapped on Uniswap. PrimeXBT is widely known for offering some of the highest leverage ratios in the industry, up to 100x on popular cryptocurrencies like Bitcoin BTC, Ethereum ETH, and other assets such as forex, commodities, and indices. PrimeXBT also offers a way to activate COV token membership that boosts earnings in yield accounts by up to 2x. 99% fee, not PrimeXBT. Cryptocurrency trading can be extremely profitable for those willing to put in the time, effort, and take some risks at times. Knowledge to use all the available tools. Cryptocurrencies like Bitcoin have recently become popular once again, but because they are still relatively unfamiliar and still mostly unknown. Taker fees, on the other hand, are charged to traders who remove liquidity by placing market orders that are executed immediately. Stay safe and abide by the rules peeps. Instead, there is only one account providing all the broker’s services with no limits based on deposit size and trading volume.

Girasoles

So ZIGDAOs model more closely resembles copy trading, than other providers that create and share their crypto signals for a price. 3 billion fine for failing to comply with AML regulations. 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. This indicator measures the average range of movement for an asset during the last X amount of candlesticks, with the default being 14. Learn more about Baksta’s Legal Terms. You can open an account and start trading with just your email address. This step involves verifying the user’s identity to prevent unauthorized access and fraudulent activities. I’ve already mentioned the charting functionality being powered by Tradingview, which is excellent, but users also have the ability to change to a standard chart or depth chart for another look at price and orders. Ripple XRP price prediction speculations also reacted positively, yet more conservative than expected. Once logged in, go to the Promo Codes section in your account dashboard.

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However, note that for isolated margin trading, you cannot access the full extent of leverage for your assets. Happy trading and congratulations on your rewards. Uk has been helping British traders find the right broker for over 20 years. You get to potentially profit off the skills of pros almost effortlessly. The fiat withdrawal process was straightforward but took a long time. The cryptocurrency market is highly volatile. With PrimeXBT, buying Bitcoin and other Crypto is just the beginning. Robinson was responsible for transaction execution, business development, strategy, finance and operations across the group. Best regards,The PrimeXBT Team. Trade Bitcoin, Ether, Litecoin, DogeCoin, XRP crypto futures with up to 100x leverage along with top global stock market indices, commodities and forex with up to 1000x leverage. In terms of security, PrimeXBT takes extensive measures to protect customer funds, including keeping most funds in cold storage offline, using multi signature access, and conducting regular security audits. For a trade which spans months, therefore, the gain or loss for the month ending with an open trade is the marked to market gain or loss. The wallet uses industry leading security technologies, like MPC and 3 factor authentication, to safeguard its users and their assets. We appreciate your recognition and are pleased that you find the deposit process enjoyable. One of the things I respect most about Bybit is their continuous efforts to advance and benefit the entire industry with their Bybit educational academy Bybit Learn, which is so high in quality that it rivals the likes of the Binance academy. 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. Date of experience: December 09, 2024. Bonuses are awarded to new clients who verify their accounts and deposit $500 or more within 48 hours after registration. 42, with the average price moving in the region of $2. 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. It’s become so profitable, some traders have started taking less positions and have let their commissions become their main source of income.

Exclusive Crypto Deal List of 2023

It is ideal for experienced traders, offering advanced charting and a variety of tools to support diverse trading strategies. Though if you know your way around a trading chart and have some experience, you won’t find any glaring issues with either PrimeXBT or Bybit in terms of user friendliness. I had to withdraw $1000 for some emergencies and they paid me just right on time. People ask me how I know all of this. We’ll delve deeper into these implications in the next section. Learn more about Baksta’s Legal Terms. PrimeXBT Deposit :On PrimeXBT we offer Direct Crypto deposits from your personal crypto Wallets as well as alternative Deposits via Bank/Credit card/SEPA Transfers. It is designed to appeal to both high frequency traders and those making occasional trades. Candlesticks are preferred because they provide in depth details compared to simple lines. PrimeXBT 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. I also like that the exchange fees are not so high it’s something I can pay without complaining. Content is written free from bias and is fact checked where appropriate. Accordingly, this broker has excellent reputation. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. PrimeXBT allows its users to actively trade multiple assets using up to 100:1 leverage, profit from market rallies and declines, or hedge existing holdings. The failure of a price to surpass such levels further shows that traders can make decisions out of emotions. PrimeXBT places a high emphasis on security. Developers deployed over 100 smart contracts following the launch but then, as the chart shows, the ADA token sold off and failed to participate in the November 2021 crypto rally that took bitcoin BTC and ether, the two largest coins, to fresh highs. 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. Over the years, PrimeXBT has expanded its offerings to include traditional financial instruments like forex, commodities, and stock indices, further broadening its appeal. By clicking Continue to join or sign in, you agree to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy. Tastyworks’s research tools include trading ideas, a great desktop charting tool and high quality news. Explore and compare the 5 most popular PrimeXBT alternatives and competitors. Best Mobile Trading App. This makes it a versatile choice for traders seeking diverse opportunities. You can calculate how much interest you’ll pay or earn when keeping a position open overnight by using the formulas below.

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The PrimeXBT desktop platform has a single mode that offers a range of advanced trading features and tools, which might be overwhelming for inexperienced traders. Some of the top forex brokers for mirror trading include FXTM, eToro, AVA Trade, Hot Forex, and Fp Markets. The maintenance margin can vary depending on the type of security being traded as well as the broker’s policy. PrimeXBT presents an interface that’s both customizable and user friendly. KYC is optional and up to both traders if they want to require the other party to KYC through the decentralized identity systems that OpenPeer provides. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Registration No. My deposit was credited after 20 network confirmations, which took a few minutes. Best regards,The PrimeXBT Team. There are two different expenses trading fees and overnight financing fees. Here are the current withdrawal fees at PrimeXBT. Once Liquidation has been completed, the margin you used to leverage these trades will be unlocked and available again to open new trades, or withdraw. 3 months ago 189 views. Unlike many competitors, PrimeXBT lacks a tiered fee structure for rewarding high volume traders with lower fees. XLM price has changed by 2. Percentage commission. 80 for using the BNB Smart Chain BEP20 network, whereas Binance charges 0. There is also a profile rundown of how many followers are currently copying that strategy, a chart showing their performance, and a rating system. This section examines the overall ratings and satisfaction levels reported by users on Trustpilot.