PrimeXBT Review 2025

This transparency helps you choose a trader you’re confident in copying. Any news, opinions, research, data, or other information contained within this website is provided on an “as is” basis as a general market commentary and does not constitute investment or trading advice, and we do not purport to present the entire relevant or available public information with respect to a specific market or security. While there are a handful of unique factors with commodity trading, the reality is that it is a much purer form of trading, without a lot of the unnecessary burden of going through financial statements, listening to earnings calls, or worrying about central bank bond purchases. This amount is required to create a strategy, and they will be temporarily blocked until trading on the strategy is completed and the strategy itself is closed. The exact opposite is true as well because people were not willing to buy Bitcoin, Ethereum, Solana, and others; they are most certainly not going to be ready to buy Shiba Inu. For instance, minimizing overnight financing charges by closing positions within the same trading day can reduce your expenses. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. The most common mistake when trading cryptocurrencies on margin is to overtrade. Dedicated support via email, phone, and live chat around the clock to answer questions at any time. Trading with high leverage on PrimeXBT may not be suitable for everyone. While it offers the potential for amplified profits, it also comes with heightened risks, such as higher interest rates on borrowed funds. PrimeXBT is a perfect match for leverage and derivative traders due to its advanced trading platform and high leverage options. Therefore, it’s essential to have a clear understanding of the fee structure on PrimeXBT. Pro Tip 📲: Traders can use the PrimeXBT Telegram Bot which will send them price alerts, open positions and executed orders. Deposit Purchase crypto via bank card or transfer via third party companies. In summary, our findings indicate that PrimeXBT can be regarded as having a low to moderate level of trust and stability due to these drawbacks. Receive the latest news and stay informed. It takes just a few minutes to get started. Above current pricing, there seems to be a lot of interest around the $0. Are you interested in trading cryptocurrencies but feel intimidated by the complexity of the process. Paste the address into your personal wallet to send the Crypto. 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. The lows was near the $0. By implementing these strategies, traders can effectively manage overnight fees and enhance their overall trading profitability. I opened this long position with a tight stop loss. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457.

🌟 Why Choose PrimeXBT?

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. Plus, you can also check relative strength index, that indicates if the asset is oversold or overbought. PrimeXBT offers the following selection of assets. Newsletters frequently provide early access to promotions and special bonuses that may not be available to the general public. Our robust ecosystem includes Crypto Futures, Copy Trading, and Global Market trading across Forex, Commodities, Stock Indices, and Cryptocurrencies. Receive the latest news and stay informed. The platform provides a variety of free deposit options for both crypto and fiat. Not a bit, but you know:All in all, solid platform, very fast and secure, commended. Information regarding past performance is not a reliable indicator of future performance. Always ensure you manage your balance and bonus effectively. SD162, having its registered office address at IMAD Complex, Office 3, Ile Du Port, Seychelles. Transparency is essential to the cryptocurrency community. Virgin Islands, Northern Mariana Islands. However, it lacks free withdrawal options, with existing ones incurring higher fees compared to most competitors. Use the small initial deposit to test the waters and start your trading career. Complaints Handling Procedure. The content of this website is not intended for residents of the European Economic Area or the United Kingdom. Minimum order sizes for all trading instruments are specified in the Tariffs and Conditions on the page.

What is PrimeXBT?

Traders on PrimeXBT can access leverage of up to 1:100 across various trading assets, including cryptocurrencies such as Bitcoin and Ethereum. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Hello Minh,Thank you for your honest perspective. It has gained popularity for its crypto margin trading capabilities. Implementation by using the technology to “hand pick” top traders. Data provided by these calculators is solely for informational purposes and reliance on this may lead to losses. 05% per trade and portfolio copied on Covesting which is very competitive in the industry where trading fees between 0. Cryptocurrency, Forex, Indices and Commodities. JSE Top 40JSE All Share IndexA Z Shares ListJSE 100 SharesHow to Buy SharesBest Shares to Buy on JSEHow to make your first trade. With the new year officially underway, we’re looking back at the last month of 2024, thrilled by the fact that. Returns or profits may be subject to capital gains tax. If you have any more questions or need further assistance, please don’t hesitate to reach out at. The Fee Reduction Bonus is a bonus that provides users with a discount on trading fees and overnight financing charges on the PrimeXBT platform. 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. Next, we will look at the different types of assets and their specific fee structures on PrimeXBT. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. $20,000 or equivalent for unverified users. Its value is maintained through a store of fiat currency held in a transparent manner, ensuring a 1:1 parity with the US dollar. There are specific platforms, such as Hodl Hodl or Bisq, that function as peer to peer marketplaces. The trading platform has a user friendly interface infused with all the tools a trader needs to do business. Active users across the world. With Stellar Lumens XLM, quick and inexpensive cross border payments have become possible. Many competing exchanges in the industry are far more transparent about their founders, CEOs, and leadership structure. These restrictions are often related to anti money laundering AML regulations, know your customer KYC requirements, and other compliance standards aimed at preventing financial crimes. To start interacting with PrimeXBT, Bono en PrimeXBT you need to open an account on the exchange. PrimeXBT Instruments: My Key Takeaways. However, some training opportunities are available here. Market Search: The dedicated “Markets” page allows you to quickly search for available markets, with filters for popular markets, forex, indices, commodities, and cryptos. This fee is for borrowing funds to ensure fair pricing in the market and to align the value of the futures with the price of the underlying asset.

Areas For Improvement

071 USDT in trading fees. This minimized my losses and still only cost 0. BitSeven charges a flat trading fee of 0. I tested both versions and found that they offered a smooth trading experience without any significant compromises. Much like in sport, you can understand the game better than anyone, but you won’t be the best player on theory alone — you need to see how the ball bounces. Benefits and Risks of Margin Trading. It has five separate embedded wallets within the exchange. Here are some key points for the PrimeXBT bonus terms. PrimeXBT supports deposits in BTC, ETH, USDT, USDC, and COV. Supported cryptocurrencies include. For more information, please see our Cookie Notice and our Privacy Policy. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. You are making a trade based on future price movements. Wallets also come as “cold storage” wallets which are typically USB or bluetooth connected devices that keep the private key locked behind a secure element. Join the thousands already learning crypto. To achieve this, we evaluate the availability of the necessary features and tools. Traders should also consider their risk tolerance and trading goals when developing their risk management plans.

What is the spread? What is the spread?

Once your deposit is received, we’ll credit the Crypto to your chosen wallet or trading account instantly. 💼 CFD trading, also known as contract for difference trading, lets you trade derivatives without owning the actual assets. To deposit PrimeXBT supported Crypto held on an external wallet, go to the Main page,. By applying these tips, you can approach spot trading more thoughtfully, helping to improve your performance and minimize risks. There he was awarded with the prestigious Arthur Ashe Student Athlete award. Your profits will depend on your patience, trading decisions and the success of your trading strategies. However, that comes with risksrelated to finance industry regulators. Everything works greatly and fastly. The Covesting platform currently offers 8 cryptocurrencies for trading: Bitcoin, Ethereum, Litecoin, Dash, Bitcoin Cash, Tether, Digibyte, and the Covesting token. Having analyzed the PrimeXBT website, we came to the conclusion that, unfortunately, there are no special training programs or courses for beginner crypto traders. For example, withdrawing funds via cryptocurrency may involve network fees in addition to the platform’s withdrawal fee. The complex interface is unsuitable for inexperienced traders. By putting up a small amount of margin, you can trade as much as 1000 times that deposit depending on the market here at PrimeXBT. Why Choose PrimeXBT for Margin Trading. After entering the code, select your country of residence from the drop down list. Trade Crypto Futures Contracts incl. Each app is available as a free download for Android and iPhone and enables access to each platform while on the go. PrimeXBT is a legitimate broker founded in 2018 and compliant with five regulatory authorities. However, they offer over 50 trading assets and already employ close to 100 employees. Yes, PrimeXBT employs robust security protocols to protect user funds during deposits and withdrawals, ensuring a safe trading environment. To withdraw Cash/Fiat funds from your PrimeXBT account efficiently, follow these detailed instructions for each available method.

1 Buy and Hold

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. Many top thinkers of the tech world, including Twitter CEO Jack Dorsey and Apple co founder Steve Wozniak, believe it could replace the dollar as the global reserve currency, or usher in a new digital age of money for the internet. Ro has no affiliation or relationship with any coin, business, project, or event, unless otherwise specified. To protect customer funds from hacks, Bybit uses cold storage solutions, utilizing offline cold wallets that are secured in an air gapped environment. I found PrimeXBT to be a great fit for experienced derivatives traders, offering advanced trading tools and high leverage options. As explained earlier, leverage and margin trading amplifies both your profits and losses. The broker also offers crypto futures on its other trading account. But my biggest peeve is the spread. Weekly recap US stocks were mixed during the holiday shortened week, and gains on Friday helped indices finish off the worst.

Gemini Officially Lists XRP For The First Time Ever

Seek independent advice if you have questions or do not fully understand the risks. PrimeXBT does not accept clients from the jurisdictions listed in the Company’s Restricted Jurisdictions List. Founded in 2012, Coinbase has grown to become one of the most well established exchanges, offering a wide range of services for both beginners and experienced crypto enthusiasts. So, should you use mobile trading. A financial instrument is different from an asset, acting as a contract to settle the trade at a different price than the entry. In a sense, one of the biggest hurdles to success lies within the actions of the trader itself. Returns or profits may be subject to capital gains tax. 🤔 Did you know the modern Forex market emerged in the 1970s when countries moved away from the Gold standard. For Detailed Complaints – Please use our Complaints system on homepage. Kathryn is a well established market analyst with a focus on fundamental and technical analysis covering a wide range of markets, including crypto, forex, indices, and commodities. This is another element you need to consider when you ask the question “is Chainlink a good investment”: is it scalable, does it have the ability to be applied to other technologies, and how does it benefit the entire Cryptocurrency market if it has the capability to do so of course. Market research: PrimeXBT offers weekly market research, providing traders with access to in depth market analysis. Another significant element of the copy trading module on PrimeXBT is that you can even check who has passed ID verification. Additionally, PrimeXBT utilizes CloudFlare’s technology to minimize risks from potential Distributed Denial of Service Attacks, commonly known as DDoS. People want to know how to make money trading because there are stories that it is easy through Day Trading. With high leverage options, a unique Covesting module, and access to multiple asset classes, it provides ample opportunities for users to explore diverse trading strategies. This in turn should dramatically increases utility and demand for the ADA coin for use in these financial applications. Covesting was founded by a veteran Lithuanian trader named Dmitrij Pruglo, who is also Covesting’s publicly active CEO. As traders spend the majority of their time on the main trading platform, it is pretty important that it is well laid out and intuitive from a user interface perspective and has all the features and tools that one needs. There are infinite different ways to build a strategy that uses different tools and techniques in different combinations, at different times. PrimeXBT products are complex financial instruments which come with a high risk of losing money rapidly due to leverage.

Coin Search

Actual Crypto Currency Services are provided by Baksta UAB, a company incorporated in Lithuania with Registration No. Three separate bugs were found during testing of the hard fork in June. Regular profits due to beneficial conditions, low fees, tight spreads, and a lot of assets to trade. PrimeXBT has implemented industry standard security features to protect user accounts, though it does not currently offer Proof of Reserves or audit data — a practice that many top tier platforms have adopted. This will allow the trader to define specific levels for entries and exits. The PrimeXBT platform has plenty of tools available to suit traders of most skill levels. The highly speculative market is also highly volatile, making it ideal for investors and traders seeking to become wealthy quickly. Earlier this year I lost my phone number to which my Binance acct was connected and got very worried that my funds will be compromised. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Portfolio Clarity: PrimeXBT’s portfolio overview screen shows your total account balance and individual balances across trading, copy trading, and wallet accounts. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Oil trading is one of the most popular ways to play the global economy, as the oil market is considered. Trade Primexbt Fees are as follows.

General Ease of Use

This table provides a quick reference to the key aspects of leverage on PrimeXBT, including their descriptions, benefits, and risks. So, is PrimeXBT the exchange for you. Because of this, traders will use a methodology or system to place trades and look for currency pairs that offer those setups. 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. The award winning trading platform behind PrimeXBT provides you with margin trading account and all the tools you need to succeed in the crypto market. Next, we will explore the impact of regulations on traders and how PrimeXBT supports its users. How volatile a market is affects how quickly the price of assets can change, so be prepared. Moreover, PrimeXBT does not provide Virtual Private Server VPS hosting, which is necessary to achieve ultra fast order execution speeds.

We champion verified reviews

Entre nuestras especialidades se encuentran la nutrición deportiva, clínica e infantil. Novice traders can leverage a unique copy trading feature, mirroring experienced investors’ strategies to boost profit potential effortlessly. Advanced Charting Tools The platform offers detailed charts with multiple timeframes, indicators, and drawing tools to assist traders in analyzing market trends and making informed trading decisions. However, it does not incorporate any third party research tools like Trading Central and Autochartist, which could make its market research content more nuanced and comprehensive. 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. The biggest strength for PrimeXBT is that it offers multiple different asset classes for traders with deep liquidity and a high performance trading/matching engine for a flawless trading experience. The content of this website is not intended for citizens or residents of the European Union, the wider European Economic Area, or the United Kingdom. The entities above do not offer services to residents of certain jurisdictions including the USA, Canada, Iran, North Korea, Russia, and other Restricted Jurisdictions. PrimeXBT may at any time in its sole and absolute discretion, without notice or assigning any reason therefore, terminate a Promo campaign, or delete, vary, supplement, amend, restrict, withdraw, or modify any one or more of the Promo campaign rules and conditions, including without limitation, eligibility of any client. 80 for using the BNB Smart Chain BEP20 network, whereas Binance charges 0. Compare PrimeXBT and eToro reviews, prices, features and more side by side. Withdrawals: Withdrawing any funds from your account will automatically cancel the bonus. Instead of copying individual trades, you copy the algorithmic strategy behind the trades.

PrimeXBT Announcements

This will bring up the ‘New Order’ window. Understanding the fee structure is crucial for managing trading costs effectively. While withdrawing to a bank card is the fastest and most convenient option, the extremely high fees are a major drawback. This means, there are many factors that can have a long lasting influence on the price of Bitcoin, such as supply, the integration of the crypto market, or news, to name a few. If the position drops $100, the platform then moves $100 from your available capital to your margin capital. The module in the case of PrimeXBT allows anyone who is able to join the trading platform the opportunity to follow proven trading winners. Reducing leverage and using more margin can help lower funding fees, which are higher than those of competitors. Setting stop loss orders in SHIB/USD via the PrimeXBT platform. Seize control of your trades wherever you are – introducing the PrimeXBT app, available for download on both iOS and Android 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. Este mismo apalancamiento alto puede resultar en grandes pérdidas, especialmente para los comerciantes menos experimentados. Remember to consider the specific features, fees, and user experience that each platform provides before making a decision. PrimeXBT is an acceptable choice for day traders. However, as the bear market reverses, more and more preference is given to top list performers, such as Bitcoin and Ethereum. However, depositing or withdrawing fiat currency will require KYC identity verification. Making a Deposit with Perfect Money. While the app does send notifications for significant price changes in favorited assets, this is not as effective as custom alerts. By rejecting non essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. As you embark on your trading journey with PrimeXBT, explore the various benefits and bonuses available to enhance your overall experience. I appreciate the ability to trade cryptocurrencies, commodities, and indices through a single account. It also provides a breakdown of individual crypto and US dollar balances. Before adopting Prime XBT, I had issues receiving and sending earnings. It illustrates the spreads and commissions I have recorded for the EUR/USD pair and compares them against the typical costs for ECN and STP accounts in the industry at large.

Join Our Community

Best regards,The PrimeXBT Team. Traders can also trade Commodities and Indices via Contracts for Difference CFDs. Bank grade encryption protects data. This is not something that we have seen on other charting packages developed by an exchange. Here’s a quick breakdown of the standard withdrawal fees for common cryptocurrencies. 23 to a bid price of $160. Bybit is a cryptocurrency broker based in United Arab Emirates that launched its service in and offers individuals to buy and sell more than 35 cryptocurrencies. Polkadot is a next generation network that aims to solve the problem of blockchain interoperability. This level of activity showcases that it is able to handle heavy workloads, which makes it well suited for practical applications and scaling demands. Scan this code to download app. PrimeXBT opts to avoid the regulatory labyrinth by restricting services to US residents. In April 2021, Coinbase became the largest publicly traded crypto company in the world. 35350 = 25 point loss. However, the XRP and Stellar blockchains are still often compared since they both offer fast and cheap transactions and share some common history. If you have any questions or need further information, please don’t hesitate to contact us at. PrimeXBT features low trading fees, a seamless trading experience, advanced copy trading, and high withdrawal limits for verified users.

Tomada de Posse do novo Presidente do CMCNampula Luís Madubula Giquira

Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Most modern secure NFC apps, use a local way to validate the user’s identity. In addition to its world class DeFi exchange, OKX serves its users with OKX Insights, a research arm that is at the cutting edge of the latest trends in the cryptocurrency industry. Description: XRP is the native crypto token to the Ripple blockchain protocol, created by Ripple Labs – a parent company that has come under fire recently from the United States Securities and Exchange Commission. Of course, even if a hacker is able to get hold of a user’s password, PrimeXBT offers two factor authentication, meaning a hacker won’t be able to access a user’s account without also having a user’s 2FA code. If you have any more questions, feel free to reach out at. On a сross margin, leverage on Bitcoin is available up to 1:200, and on an isolated margin of 1:100 it is very cool. As an example; If you deposit 1 BTC, you will receive a bonus of 0. We do cover each of these more in depth in our dedicated PrimeXBT review linked at the beginning of this article if you want a more thorough look. This can lead to information leaks. Free $10,000 Practice Account. It’s important to note that most cryptocurrency exchanges are still largely unregulated, so no exchange can be considered completely risk free.

Open free account

Compared to exchanges like Binance and Bybit, which offer over 350 tradable derivative markets, PrimeXBT is limited and primarily suited for traders focused on large cap tokens and seeking higher leverage options. This is also one of our main review criteria when it comes to grading an exchange. Comments: My cryptocurrency trading experience with PrimeXBT is very enjoyable. PrimeXBT also offers bonuses through its referral program. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. We appreciate your thoughts on the number of trading instruments. Remember, margin trading is not suitable for everyone. Users are able to engage in both cross margin and isolated margin futures activity. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. The platform’s user friendly interface and the ability to trade across multiple asset classes also contribute to its positive standing. In my experience, it offers a user friendly platform for buying, trading, and holding various assets. If you buy Shiba Inu, you must understand that it will more likely than not have a somewhat limited amount of utility.

Worse

PrimeXBT clients have access to margin trading leverage, which allows them to increase the volume of transactions at the expense of borrowed capital. If we turn our attention to Bybit, they take the industry standard approach of keeping funds in cold storage to the next level. The bot’s automated system ensures that your request is directed to the appropriate support team, minimizing wait times and improving the overall support experience. The trade fee is charged for entering a position, and the overnight fee is charged for positions held overnight. Using the midline simple moving average of the Bollinger Bands as a trigger for long or short signals, can prove to be a steady, successful strategy for crypto traders. To make a market order, simply press “market”, the leverage has already been set to 100x as default so all you need to do is set the quantity Qty you wish to trade and you’re ready to go. Further lowering overall risk associated with day trading online, PrimeXBT features bank grade security, two factor authentication, and additional security features like encryption and address whitelisting. Great, now that we have covered a bit of head to head, let’s dive into each one a little more in detail. PrimeXBT offers an array of products catering to the needs of novice and seasoned traders. You must be logged in to post a comment. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Copy trading is a great tool for a lot of users with any level of experience. However, volatility can also lead to sharp declines. 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. There you can create, track your multi currency wallets and make deposits or withdrawals. 3 months ago 189 views. To trade Cryptos, go to the Trade dropdown menu and select CFD Trading and your trading account. On the Internet, we have not found any feedback from clients who faced hacking of the platform and loss of their funds. ❌Cons of using Gemini. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Users must register before making a deposit to trade on the PrimeXBT platform. It is ideal for experienced traders, offering advanced charting and a variety of tools to support diverse trading strategies. FSCA Regulated SAFCA Regulated UKASIC Regulated AUSCySec Regulated Cyprus. The platform’s robust infrastructure and compliance with international regulations enable it to offer reliable and secure trading services across these regions. Leadership: There is no information available online about the founder or current leadership of PrimeXBT, which is both disappointing and concerning. The 20% PrimeXBT platform fee is unusual, and traders should evaluate whether it’s a good fit for them if they want to be a signal provider.

Creatives

Yes, the bot allows you to execute basic trading operations such as buying and selling assets, but for more advanced features, it is better to use the mobile app or web platform. PrimeXBT promo codes can be acquired through several methods. For added security, PrimeXBT allows you to lock the app with a passcode, fingerprint, or FaceID, in addition to their existing account security measures like 2FA. Transaction value metrics are also readily available on different websites. Unlike its larger competitors, PrimeXBT does not offer P2P trading. Depending on the offer selected, affiliates can enjoy up to 50% profit share and $2500 per referred client. Finally, execute the transaction by clicking “Send Order,” with automated exit orders in place for added security. Currently, we are trading slightly.