🛠️ Services Offered: PrimeXBT provides:

Note that in the terms and conditions, it is clearly stated that the company does reserve the right at any time to conduct a verification of a client’s identity or source of funds. Client orders are routed to the broker’s pool of liquidity providers, where they are filled at the most favorable prices. Note that registration on the site is very fast, no verification is required, so you connect PrimeXBT Telegram bot will be able to start trading cryptocurrency almost instantly. Users can view a detailed breakdown of fees associated with using the platform. Whether you’re drawn to the potential for capital growth, dividend income, or voting privileges, stock trading offers a dynamic avenue for investors to engage with the market. Overall, PrimeXBT offers a comprehensive trading platform with a wide range of assets, leverage options, and competitive fees. It is a great diversification hedge. I enjoying my trading experience with primexbt crypto exchange. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. The Triple Top pattern, also know as the Triple Top Reversal chart pattern, is used in technical analysis to predict a potential reversal of an asset’s price movement. It also features unique trading tools, such as the “covering” feature, enhancing the security of trades and “turbo” trading option for its users. Their fees are typically less than $2. Com, Kraken, or Binance. Open the downloaded file and tap Install to complete the installation.

PrimeXBT Review 2025

Later, the Stellar lumens supply was reduced by half, so roughly 50 billion XLM remain, with no new XLM to ever be created henceforth. Free $10,000 Practice Account. If you’d like to try PrimeXBT with a demo account, consider joining one of our trading Contests. Litecoin is also one of the older cryptcureencies and has been called the ‘Silver to Bitcoin’s Gold’ This means it is still a good investment, as is silver, but the coin has been more likened to a usable currency as it focuses on being fast with its transaction times. PrimeXBT processes withdrawals once a day to ensure the security of user funds and to manage the processing efficiently. Scan this code to download app. During his tenure, he analyzed various financial markets, companies and acquisition candidates for corporate clients undertaking financing and MandA transactions. The market could go higher, and quite a bit. The outcome of the case could have a huge impact on crypto’s future as it will determine whether the U. PrimeXBT manages to provide all you will need to complete your cryptocurrency transactions. Allocate only a portion of your capital that you can afford to lose, and never risk your entire investment. There’s more to think about than just spreads, commission, and overnight fees when assessing your potential profitability. While this is typically secure, it’s important to check what permissions the API has. The sign up process is simple, and partners can generate between $40 and $1,500 for every qualified user that they successfully bring to the platform. Best regards,The PrimeXBT Team. The above rules are only as good as they are enforced. You can only withdraw fiat using the same payment method you used for deposits. For enhanced security, it offers two step authentication and biometric login options. These products are not suitable for all investors. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Registration No. This causes a slight delay in funds being available in the account. Avoid this exchange altogether.

PrimeXBT Affiliate Program

Given the ever increasing news of cryptocurrency exchange hacks, one of the most important considerations for the trader is security. Date of experience: December 26, 2024. Users can use isolated margin and cross margin as well. The PrimeXBT Euro 2024 giveaway has concluded, and one lucky trader has scored big. If you’re a new trader and are worried about losing money with copy trading, you could always try it with a demo account first before funding your account. Returns or profits may be subject to capital gains tax. Cryptocurrency, being a relatively new asset, has many people interested, but it can also be used for just pure speculation. Corporate Communication Structure and Transparency: The company does not share any information about its founder or current leadership on the official website. If you’re new to crypto, spot trading, or DCA investing, PrimeXBT might not be the best fit due to its focus on advanced features like high leverage and CFDs, with limited fiat deposit options and no spot trading. Slippage can occur for a number of reasons. Please read PrimeXBT Reviews below and share live trading experiences with this broker. The promotion is only available for the new client. For our trading test, we thoroughly evaluated the PrimeXBT platform. The first thing that you will notice about the platform is that it offers a large degree of customization. Copy trading comes with the following merits. Unlimited via Perfect Money. It hardly matters if you live in the US. Active users across the world. Traders can insert or remove widgets, resize and move panels around, change chart appearance, colours, grids and spacing, and basically rework everything in a manner that suits them. Alternatives of Binance and Pocket Option.

How Koinly can help

Customer Support:PrimeXBT offers responsive and reliable customer support. Consequently, a favorable outcome in the approval of Bitcoin spot ETFs could propel Chainlink’s price upward, given its integral role in the unfolding narrative of institutional adoption. Tokens on $% across @ trading pairs. As with other providers, Best Crypto Signals Telegram group sends signals to its members but also has an option to receive these signals through email. The app also supports PIN, face, or fingerprint authentication for secure login. Trading platforms tend to have more loose policies on registrations and allow for low minimums. I know it’s about the choice, but why do anybody needs so much assets. It assigns risk scores to deposits, identifying and isolating illicit funds, while avoiding support for anonymous cryptocurrencies or fiat gateways to mitigate money laundering risks. The security team routinely run tests, check ups and updates to keep up to date with new potential vulnerabilities. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. 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. I hope and dream that the platform will be taken over by more ethical people in the future. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Bybit has become such a reputable crypto exchange that they have attracted institutional investors and professional firms as well as retail traders, despite the fact that they are unregulated. The most widely used promo code for PrimeXBT is CRYPTOAFFILIATE, which allows you to receive attractive welcome and deposit bonuses. Indeed, the high leverage levels make it a similarly attractive proposal which will allow those users to magnify their returns on borrowed money. Though on the flip side, being an unregulated broker means you need to place a lot more trust in the company and are depositing funds at your own risk. Best regards,The PrimeXBT Team. I enjoyed the WebTrader’s advanced charting capabilities, which are incorporated from the seamless TradingView. Of course, this also works on the way down as losses are also magnified. I discovered that PrimeXBT’s swaps are low to average compared to the industry benchmark. The total amount of Bonus on the chosen Margin account cannot exceed a limit that is specific to each promo campaign. Bybit also offers a lot more crypto centric products like the Launchpad and NFT marketplace and features a better built out Earn section. Strategy followers can replicate the profits generated by strategy providers, who can, in turn, earn up to 20% in subscriber commissions. Ethereum isn’t just a digital currency that allows transactions on a peer to peer P2P basis between market participants, it is also the largest blockchain network providing a framework for the creation of smart contracts. Access your PrimeXBT account by entering your credentials on the platform. One of the standout features of this Bybit review is that beyond offering 100x leverage, they provide quarterly futures contracts with no funding fees.

Businesses

In this PrimeXBT review, we will cover the platform itself, the features it offers, and will also give you some top trading tips that you need to know. It appears they sustain their business by taking from their clients. R M E X where weekly returns are consistent and withdrawals are instant. Here’s what it looks like in my Personal Profile. For example, you can decide to enter a buy order of $23,100 for Bitcoin, 1. The main purpose of this primexbt review is to express the gratitude for ensuring such a contemporary trading platform. However, I found the lack of biometric authentication support on the desktop platform disappointing, especially considering that Binance offers fingerprint scanning on the desktop. Nothing on this Website is intended as a marketing or promotion of its services to citizens of the EU/EEA or the UK. During my testing, PrimeXBT performed well, executing trades instantly without any discrepancies in conditional order execution. Bitcoin, the world’s first and most popular Cryptocurrency, has always been a topic of great interest and speculation. Common Forex trading strategies include scalping, day trading, swing trading, position trading, and algorithmic trading. PrimeXBT proudly extends its services to traders worldwide, offering a cutting edge platform for financial opportunities. Interested in reaching our dynamic readership. PrimeXBT complies with five regulators. Information regarding past performance is not a reliable indicator of future performance. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit proof digital currencies that are built on blockchain technology. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold The Forex Geek and any authorized distributors of this information harmless in any and all ways. 0 upgrade is being implemented to fight network congestion, one of the biggest complaints about Ethereum. Our unwavering commitment to security and liquidity ensures a safe and efficient trading environment for all individuals involved. Verification or KYC procedure know your customer is not mandatory for customers, but it does offer some benefits. Similar to long trades, leverage magnifies your gains. If you click on links we provide, we may receive compensation. We will start this PrimeXBT review with some words about the platform in general. Daily from 12 to 14 hours UTC. This means that you do not have to put up the full value of the trade, as you only need to cover the margin requirements. Many competitors are more transparent than PrimeXBT regarding Proof of Reserves and the handling of customer funds.

Charles Hoskinson, Founder of Cardano and ADA

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. As a trader in the USA, you might face restrictions while accessing PrimeXBT due to the platform’s legal situation. Jane Doe, Experienced Crypto Trader. Traders have the option to spread the platform out across more than one screen or can have numerous different markets on a single screen. Only to find that you chose the wrong exchange for your needs. Via the Trade page, PrimeXBT provides details on. However, it is not easy for a new token to generate liquidity. They also go over broader trading disciplines such as Technical / Fundamental analysis etc. 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. You can add your strategy and its track record to the marketplace to showcase it to our private investors and attract more investments. 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. Founded in 2018, PrimeXBT is a futures and CFD trading platform serving over a million users in more than 150 countries. According to the FCA, mirror trading fits within MiFID’s definition of portfolio management. FTX bankruptcy Chapter 11 9:14 PM. PrimeXBT is a standout in the crypto trading world. Date of experience: November 25, 2024. Date of experience: November 09, 2024. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. This website is owned by PrimeXBT PTY LTD previously named Stack Advisory PTY Ltd a company registered in South Africa, with registration No. Answers to every question asked about the project in multiple QandAs. PrimeXBT provides responsive customer support, a critical feature for traders with open trades and live money at stake. So, these settings are getting more and more flexible with all platforms now. PrimeXBT is a cryptocurrency, forex, stock index, and commodity trading platform where traders can access up to 200x leverage on some crypto pairs and up to 1,000x leverage on some forex pairs. Benefit from zero commission and spreads as low as 0. Date of experience: December 23, 2024. To achieve this, we evaluate the availability of the necessary features and tools. Unrecognized or Partially Recognized Jurisdictions. For users who do not want to use one of these third party services then they will need to fund their account with crypto that can be purchased from an exchange like Crypto.

Futures market

Understanding the standard trading fees within the Covesting module is crucial for both strategy managers and followers. A margin call is when the value of your investments has fallen below the necessary collateral for the margin loan you have taken from the broker. While PrimeXBT bonuses offer significant benefits, it is important to avoid common mistakes that can hinder your ability to fully utilize these bonuses. However, the help center FAQ page and educational material for new traders leave much to be desired, with only about 15 sections compared to over 40 on Binance and Bybit. These rewards go beyond the ordinary, providing you with additional benefits. While working as a Financial Advisor, I had my eyes opened to the world of crypto and its potential to help make the world a better place. The earn feature is powered by DeFi protocol Covesting, which makes it possible for users to stake their assets for attractive APYs. 25 level, showing a massive drop. By investing in continuous learning and self improvement, traders can enhance their trading skills and achieve long term success on PrimeXBT. Despite allowing non KYC trading, Toobit ensures a secure environment with robust features like two factor authentication 2FA, AES 256 encryption, and cold storage for user funds. The essence of the tournaments is approximately the same: for the allotted time, participants need to show their skills and skills in cryptocurrency trading in order to increase the contest deposit. You get to pay with card or crypto. While it supports copy trading, the platform lacks automated trading functionality. The broker does not charge dormant accounts with an inactivity fee.

Restricted Jurisdictions

Luckily a lot of this data is publicly available making price forecasts a bit more achievable. Some exchange platforms will require verification of your details; hence the account opening process can take a day or more. Higher leverage can help increase profitability, but can involve more risk, and needs to be managed. Finally, if you suspect that something could be down with the exchange then you can always head on over to their status page. PrimeXBT offers up to 100x leverage on crypto and 1,000x leverage on some forex pairs. As promised, both apps are synchronous with the desktop version, providing users with the same enhanced experience and full access to all of PrimeXBT’s advanced features, financial instruments, and unmatched leverage allocation. Client orders are routed to the broker’s pool of liquidity providers, where they are filled at the most favorable prices. So, if you are looking to diversify tradeable assets, PrimeXBT will likely be your choice. The file is verified secure by PrimeXBT. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. Additionally, PrimeXBT supports third party payment providers such as Volet and Perfect Money. It is a great diversification hedge. However, it also comes with a higher risk of liquidation due to increased volatility. It offers services in over 160 countries across continents such as North America, Europe, Asia, Australia, and Africa. 28122024 is in fifth place with five active days and an ROI of 96. CoinMarketCap says Litecoin set a new high in May 2021, however, the Coinbase chart shows that Litecoin failed to set a new high and has many talking about a double top formation. Even though PrimeXBT claims that you have all of the same functionality as the browser based platform, you still can never replicate the same trading conditions. Investors were left in shock, wondering why Cardano was going up.

How do I start trading on the PrimeXBT mobile app?

Since PrimeXBT is solely a derivatives trading platform and does not offer spot trading, it has not been reviewed by many of the trusted ranking websites we typically rely on. An additional 15 million tokens were sold at an estimated price of 0. Critically for investors, Cardano has relatively constrained issuance rates, especially compared to rivals like Ethereum. This article provides a comprehensive PrimeXBT review. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Basically, I can: Trade manually, the chart and instruments are adequate and executiions is fast enough Buy crypto that I want and hold it Copy trade, select one trader from the list and copy his/her trades Take part in various contests free of chargeP. Prime Technology Ltd is PrimeXBT’s Technology Provider. Date of experience: December 19, 2024. This means your earning potential is enhanced with PrimeXBT. However, the platform does have higher fees compared to competitors like Binance and Bybit, which can cut into your profits. These products are not suitable for all investors. While some investors look to significant price movement. The world of Crypto leverage trading presents a captivating yet complex landscape for traders. The order form also displays recent trades and order book data. Article container font family: Arial, sans serif;line height: 1. Key features of the PrimeXBT trading platform include. It is rare to find an innovative project with a team entirely dedicated to marketing. 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. Without micromanaging the portfolio, if they closed the short position at the low of $3,100, the trader would earn $1,690,000 with the same investment as the trader/investor in the previous example portfolio would increase for around 8400%. While the broker deserves credit for publishing an extensive collection of over 350 educational articles, the majority are overly subjective and abstract. Serving clients in more than 150 countries, PrimeXBT is a Bitcoin based margin trading platform that offers instant access to over 30+ assets, including Crypto, Forex, Commodities, and Indices with real time market data. 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. While PrimeXBT supports a wide range of countries, it is not suitable for traders in regions with regulatory restrictions. However, users should be aware that depositing fiat currencies through third party payment processors may incur fees, which are determined by the payment provider. Initially, I found it challenging to commence trading via the copy trading module. We strive to provide a reliable and secure trading platform for all our users. The main disadvantages of a certain crypto exchange. Check out the charts for the Cryptocurrency you have chosen, plan a strategy, and open an order at the desired level.

Binance Review

Copy trading is ideal for traders who don’t have the time to trade on their own, who don’t have the necessary experience to trade profitably, or who simply want to learn and gain experience while copying some of the most successful traders on the market. Registered in Seychelles, PrimeXBT has offices in St. This is what I discovered about the several entities operating under the PrimeXBT trade name. 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. 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 discount for paying using BGB is 20%, rendering spot trading cheaper than Bybit but slightly more pricey than Binance when using BGB. Luck can also play a role. Technology, Information and Internet. The funding rate applies to long and short positions in the market if you’re carrying forward your trades to the next day. Crypto Futures and CFDs are high risk, leveraged products that may not be suitable for all investors, as they can lead to significant losses. PrimeXBT provides a wealth of educational resources to help users enhance their trading skills and knowledge. However, PrimeXBT’s clients must also have active accounts with the other broker to gain access to it. This website is owned by PrimeXBT PTY LTD.

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PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Reg. Do they actually help you or are they trying to sell something else to you. PrimeXBT’s mobile app, available on iOS and Android, provides fast and convenient access to the market anytime, anywhere. One downside is that you can’t rearrange or resize the modules like you can on exchanges like Kraken and Binance. Readers should do their own research. Comments: It was amazing, i going to use every day. The margin options are also excellent, providing flexibility. They only have two types of fees, and these are the trade fee and the overnight fee. We will talk more about margin trading later on in this PrimeXBT Tutorial – Complete Guide To Leverage Trading On PrimeXBT. Here’s a simplified example of how leverage translates to Crypto trading. This causes a slight delay in funds being available in the account. The FAQ page provides some legitimately useful information to help confused users navigate the Covesting platform. With years of experience in the markets, we’re the broker of choice for 1M+ traders globally. Just like deposit fees, withdrawal fees can impact the net amount you receive. Additionally, there are other promotions and bonuses available, such as a 50% discount on orders over $50 with the code IMI50. Human help when you need it. This form of trading then obviously suits certain traders more than others, with the ability to deal with the rapid pace of PrimeXBT Turbo being key for any traded to be successful. It is of my opinion, and the 10 million users on Bybit, that Bybit is a great exchange. PrimeXBT offers competitive trading fees, charging a low 0. Detailed instructions specific to South African customers can be found in this article.