PrimeXBT Review – Margin Trading FAQ

Brand operating since. Crosses include AUD/JPY, EUR/GBP, and GBP/JPY, with exotics including USD/THB and USD/MXN. Next, we will delve into the details of limit orders and their associated fees. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Here are a few risks that you’re exposed to when copy trading. Let’s quickly cover a high level overview of the products on PrimeXBT. Many platforms either integrate directly with tools like TradingView or provide API access that can be used to integrate your account with external charting tools, enhancing your analysis and trading strategies. In an environment where security breaches can have devastating consequences, the platform’s commitment to robust protection measures is commendable. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. PrimexBT’s copy trading feature enables users to follow skilled traders and automatically execute their trades in real time. The exchange does not currently offer fiat off ramps for withdrawals. They want you to feel confident and knowledgeable, so you can make smart decisions when trading. While PrimeXBT has maintained a strong security record with no history of hacks, the platform’s limited transparency regarding customer funds and leadership structure raises some concerns. When you feel like revenge trading, always remember this point – The market doesn’t owe you anything. 2024 00343, having its registered office address at PKF Corporate Services Ltd. The trader’s capital acts as collateral, and the borrowed funds are used to enter a larger position than would be possible with the trader’s own funds alone. Compensation Fund per user. Deposits available on PrimeXBT United Kingdom. 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. Overnight financing fees, or swap fees, are calculated based on the interest rate differential between the two currencies in a pair. In the next ten years, long term estimates suggest SHIB could reach $0. Coming to the main point, PrimeXBT’s trading platform is easily one of the most eye catching features of the platform. Without having to contact support, this resource is helpful for quickly obtaining answers to frequently asked questions. Returns or profits may be subject to capital gains tax. What I like the most about PrimeXBT is the real time data, strong security and the responsive support that they give to users like me who’s also quite new in this kind of environment. Before submitting a withdrawal, make sure to transfer your funds to the account Wallet. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Active users across the world. Price Alerts: PrimeXBT does not offer custom price alerts, a common feature in the industry implemented by Binance, Bybit, and Kucoin.

Customer Support

This platform is universal, as it provides an opportunity to work with assets of different markets. Copy traders can earn up to 75% of the profits, while experienced traders can earn additional income by acquiring followers and sharing up to a 20% profit share from their strategies. Trading involves risk. Everything works greatly and fastly. Dear Miguel,We appreciate your feedback on the accounts and our fee structure. PrimeXBT stands out for its comprehensive range of trading options that include cryptocurrencies, forex, indices, and commodities. Circulating supply is 75166168 LTC. Best regards,The PrimeXBT Team. There is also a mobile version an application, which has somewhat limited functionality, but is generally similar to the main version. However, traders should approach Dogecoin trading with a clear understanding of the risks involved and a strategy tailored to their individual risk tolerance and investment objectives. Pruglo initially envisioned that cryptocurrency exchanges would make use of Covesting’s invaluable copy trading feature, and it seems that vision is finally becoming a reality. They take every measure to ensure their funds remain secure and your account protected. We wanted to show our clients how much we appreciate them and offer them a way to explore the new and improved PrimeXBT risk free by giving them an incredible $7 Million in total. Some platforms also allow limit orders to close positions, acting as a take profit order. I have screenshots as evidence. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. As far as this PrimeXBT Crypto Futures review is concerned, I should also note that users are also capable of accessing unmatched liquidity, the likes of which cannot be found on most exchanges. Our website uses cookies. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. Trading involves risk. Other companies have also shown interest in adopting Bitcoin, which can lead to strong demand for the coin.

How to Install the APK

To seize this exclusive welcome bonus offer. KYC is optional on PrimeXBT. Hoskinson’s name and pedigree will inevitably attract developers to the Cardano ecosystem and blockchain. Unlike most exchanges, PrimeXBT does not have a tiered fee structure that rewards higher trading volumes with reduced fees. PrimeXBT does not charge for deposit or wallet creation. For a complete list of restricted regions, refer to Section 1. The PrimeXBT desktop platform has a single aplikasi seluler PrimeXBT mode that offers a range of advanced trading features and tools, which might be overwhelming for inexperienced traders. Impegnati nel trading di Criptovalute, Forex, Materie prime CFD e Indici CFD. His love for crypto was sparked during his time as a former banker when he recognized the clear advantages of decentralized money over traditional payments. Day Trading is an incredibly sentimental activity and it plays on personal greed and fear. El terminal comercial es estándar, pero tiene características adicionales como nuevos indicadores y marcadores. PrimeXBT is a Bitcoin based margin trading platform.

Pros and Cons

The platform quickly gained traction in the cryptocurrency trading community due to its user friendly interface, competitive fees, and a strong suite of trading tools. For instance, 10x leverage allows for even more significant gains compared to 5x leverage. The platform provides CFDs for forex, indices, commodities, and cryptocurrencies, but this review focuses on Crypto Futures. To calculate your taxes accurately, you must import all transactions from PrimeXBT to Coinpanda. Crypto Futures and CFD Services on our inhouse platform are offered by PrimeXBT Trading Services Ltd PrimeXBT, a company incorporated and existing under the laws of Saint Lucia, with Registration No. Similar to the above, this may occur due to the ask bid spread, where the chart shows bid prices and your order is to be executed at the ask price. I initiated a fiat withdrawal to my Volet account, which took almost 18 hours to process. 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. The amount an individual puts down to open a trade in bitcoin leverage trading is known as margin. 2024 00343, having its registered office address at PKF Corporate Services Ltd. The lack of Proof of Reserves, regular audits, or any form of insurance on customer deposits does raise safety concerns. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company’s services and policies. Crypto Futures and CFD Services on our inhouse platform are offered by PrimeXBT Trading Services Ltd PrimeXBT, a company incorporated and existing under the laws of Saint Lucia, with Registration No. Market Search: The dedicated « Markets » page allows you to quickly search for available markets, with filters for popular markets, forex, indices, commodities, and cryptos. 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. Returns or profits may be subject to capital gains tax. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. The exchange utilizes an extensive cybersecurity framework to make sure that strict measures and best practices are implemented to protect customer assets against any eventualities and threats. Dear Ronald,Thank you for your feedback. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. Although high leverage e. Still, Bitcoin is accepted as a payment at many merchants globally. PrimeXBT operates in an unregulated gray area, lacking licensing from major financial authorities like the FCA or SEC. It’s also worth noting that these significant economic announcements are happening during a U. Covesting allows platform users to see and mimic the top traders on the PrimeXBT website. Its intuitiveness and simplicity provided a pleasant trading experience. Unlimited via Perfect Money.

Contact

05% per trade for cryptocurrency transactions. PrimeXBT is one of the few remaining platforms that has not implemented mandatory KYC. This website is owned by Stack Advisory PTY LTD, a company registered in South Africa, with registration No. Fibonacci Retracement: Fibonacci retracement levels help identify potential support or resistance levels based on specific percentages of a previous price move. Create your free account or sign in to continue your search. People love the variety of assets available, from forex to Bitcoin and Ethereum. Step 4: You will now have an account, which grants you access to both copy trading on PrimeXBT and its futures services. A New Frontier in Blockchain Communication. On the PrimeXBT platform, there are three main sections which can be accessed in the header toolbar. Asset coverage is one of the more impressive aspects of the PrimeXBT trading platform. Gaurav is a seasoned content specialist and researcher with over 5 years of remote work experience, engaging with clients across the US, UK, Australia, Israel, Germany, Netherlands, Canada, India, New Zealand, Singapore, and more. 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 is a common situation, especially for those who have full time jobs. Major cryptocurrencies like Bitcoin BTC, Ethereum ETH, Litecoin LTC, and others are available for traders to leverage trade on. Frequently used modules like the order book, pending orders, and multi chart windows can be configured however you want. Alternatively, traders can focus on currency pairs with favorable interest rate differentials to benefit from positive swap rates. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. In an environment where security breaches can have devastating consequences, the platform’s commitment to robust protection measures is commendable.

Step 1: Setting Up and Funding Your Account

With PrimeXBT trading, users have access to high liquidities across more than 80 asset classes, including PrimeXBT Forex trading, indices, commodities metals, gas, and oil, and cryptocurrencies Bitcoin, Ripple, EOS, Litecoin and of course, Ethereum. Of course, the problem will be a long term Solana Price prediction that is almost impossible to make with any confidence in the current environment. The NASDAQ, a frequently repeated name when it comes to investing, is something that is often misunderstood. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. The main drawbacks are the lack of spot margin trading and the very limited number of available markets. Continuing our mission to offer one of the best trading experiences in the industry, we are very excited to announce. Never invest more money than you can afford to lose, because prices can go down as well as up. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Besides, factors like your investment goals, risk tolerance, and overall portfolio diversification should also be taken into consideration. Therefore, soon, the market could be as regulated as the traditional financial sector. Traders can compete, win prizes, and improve their skills. What makes it odd is that the exchange does not currently accept any reserve currency deposits from bank accounts or credit cards. When you sign up to buy crypto from most crypto exchanges, you will be asked to go through a crypto KYC process. The exchange hasn’t been hacked up to the point of this writing and is considered one of the reliable and secure trading platforms. When trading CFDs on PrimeXBT, the leverage you select reflects the amount of margin personal funds, you need to open a position. Below are some steps to troubleshoot and resolve withdrawal issues on PrimeXBT. First, the Russian has to change ruble to USD or EUR and send it to Paypal, then send it to their friends Paypal and then the Mexican needs to change from USD or EUR to their local currency and then send it to their local bank. The prices tend to fluctuate by large margins, and it is possible to lose all of your investment. 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. Indeed, the curating, sourcing, and organization of this process requires substantial financial investment by Tradersunion. You’re all set to explore the platform and start trading.

US dollar

These products are not suitable for all investors. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. This is why it is crucial to have as much negative balance protection as possible. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. 1 pips when trading CFDs. Returns or profits may be subject to capital gains tax. Here’s our detailed analysis of the futures trading experience. The platform also suggests creating multiple accounts for various strategies and practicing with a demo trading account.

PrimeXBT Review

Once you feel you have the right strategy, it is time to test it out and tweak where applicable. Here were the 10 most important moments. Their feedback gives valuable insights into the platform’s performance in the fast paced world of crypto trading, helping us continuously improve to meet trader needs effectively. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. Reply from PrimeXBT Copy Trading. So, those who don’t want to use them can fund their accounts with crypto purchased on other exchanges, such as Crypto. 55, but some analysts predict as low as $0. I highly discourage using PrimeXbt as a broker. This section delves deep into the most prominent features we discovered in our PrimeXBT review. They don’t not shy away from the fact that even the most sophisticated and highly developed trading signals aren’t 100% successful. The deal will be canceled and any losses will be recognized if you do not add enough money to the account. Deribit is based in Panama and lists derivatives valued in USD. Technical Analysis: The. The lack of Proof of Reserves, regular audits, or any form of insurance on customer deposits does raise safety concerns. The order types are the usual: Market, Limit, OCO one cancels other, Stop, GTC good till cancelled and Protection orders Stop Loss and Take Profit. Easily buy 60+ Crypto with Visa or Mastercard. This will result in maximum margin utilization at 1:200 leverage and 0% of Available Margin will remain. PrimeXBT’s fee structure is competitive, particularly for active traders, with transparent trading and withdrawal fees that are in line with industry practices.

Related Articles

Accounts suspected of unauthorized use may be suspended or terminated;. Open the downloaded file and tap Install to complete the installation. Information regarding past performance is not a reliable indicator of future performance. The information on this website is for educational purposes only, and investing carries risks. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. This fee, if applicable, is designed to cover the service charges imposed by the payment processors and may vary depending on the withdrawal method and currency. While it offers two factor authentication 2FA to enhance account security, several factors raise concerns about the platform’s safety and reliability. Both seasoned traders and followers can benefit from a profit sharing model on PrimeXBT. It’s not just a trading platform; it’s a full toolkit packed with features designed to boost your trading experience. The crypto market has grown tremendously, with global market capitalisation reaching a trillion dollar valuation. You should never place a trade without a stop loss order, as it will limit losses. Unlimited for verified users. 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. This comprehensive guide will provide detailed information about PrimeXBT’s headquarters, regulatory environment, and its operations in various regions.

PrimeXBT what is it?

No disadvantages, all is good, working fine. Visit our Help Centre. As a rule of thumb, you should not risk more than 2% of your trading account on any single crypto trade. Depositing crypto assets via crypto networks was quick and easy, despite PrimeXBT only supporting 5 cryptocurrencies for deposits. Depending on the offer selected, affiliates can enjoy up to 50% profit share and $2500 per referred client. There is charting, easy order execution, and account management. Price prediction table. Overnight financing is not charged on weekends for markets that are closed during that time, however, a triple financing rate is due on Thursday 00:00 UTC. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. While some investors look to significant price movement. Advanced trading strategies involve sophisticated techniques used by experienced traders to enhance returns or manage risk. The minimum amount of personal funds required to be a covesting leader depends on the currency. Day order system will show you many hours remain until the order is cancelled if not executed before. Fiat Deposits: PrimeXBT does not support any form of bank transfer, however, it does accept deposits directly from a bank card without any fees, which is a rare feature even among top industry platforms. OpenPeer is a decentralized peer to peer exchange built on EVM networks like Ethereum, Binance Smart Chain, and Polygon. The file is verified secure by PrimeXBT. However, the platform does have higher fees compared to competitors like Binance and Bybit, which can cut into your profits. This eliminates the need for extensive market analysis and provides an opportunity for both novice and experienced traders to participate in the market. However, keep in mind that these are still just predictions and these targets might not be reached due to the high volatility of the nascent Crypto market. Today is not liable for any financial losses incurred while trading cryptocurrencies. Dear HapiThank you for sharing your feedback. We are here to assist you. Losses can exceed the initial investment. The platform requires all users’ two factor authentication 2FA to safeguard user accounts from unwanted access. This is especially true with the explosive growth of decentralized finance DeFi within the space. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors.

Worse

We work with top providers like Fireblocks for cold storage, as well as insuring your funds. Key Features of PrimeXBT Margin Trading. Oftentimes, an asset will break down or up, but volume doesn’t follow, suggesting buyers or sellers are hesitant and uncomfortable with taking an actionable position. Later, the Stellar lumens supply was reduced by half, so roughly 50 billion XLM remain, with no new XLM to ever be created henceforth. However, it is also a Cryptocurrency; therefore, you should understand that there is much volatility when investing. Furthermore, PrimexBT offers demo accounts, allowing users to practice trading strategies without risking real funds. 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. We use dedicated people and clever technology to safeguard our platform. Those news traders can trigger a strong uptrend or sudden sell off in the currency when important headlines hit the newswires. We’re glad to hear that our platform suits your trading strategy and needs. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. We have done our extensive research and in this PrimeXBT review, we’ll let you know if you should use this derivative trading platform. PrimeXBT allows verified users to make unrestricted deposits and withdrawals for both fiat and cryptocurrencies, a feature not commonly found on other platforms. 35 BTC when you register using this exclusive deal for TheMoneyMongers readers. Features in both platforms are easy to understand and use. Real World Asset Tokenization: As asset tokenization platforms have grown in popularity, investors can now generate passive income by fractionalizing ownership of real world assets like real estate or works of art. How to Spot an Unsafe Crypto Exchange. This website is owned by Stack Advisory PTY LTD, a company registered in South Africa, with registration No. We’re thrilled to hear that our platform meets your trading needs. PrimeXBT supports deposits in cryptocurrencies such as Bitcoin BTC, Ethereum ETH, Tether USDT, and other popular cryptocurrencies. Use the most appropriate flair, if the flair is grossly misleading then the post will be removed and repeated offenders banned, moderators can change the flairs of the posts if the wrong flair is chosen. The minimum deposit is from $1. This means that the trader needs to provide $100 worth of margin. Earn up to 75% of profits as a follower, while providers benefit with up to 20%.