What is PrimeXBT?

The entities above do not offer services to residents of certain jurisdictions including the USA, Canada, Iran, North Korea, Russia, and other Restricted Jurisdictions. You can learn more about Covesting Copy Trading and managing trading strategies at the PrimeXBT Copy Trading FAQ section on their site. While PrimeXBT receives a lot of praises, there are a few areas where users have expressed concerns or suggested enhancements. Click Download and confirm the file download if you see a warning. Date of experience: December 18, 2023. Unlike Binance or Bybit, you can’t filter by category, but given the limited number of markets, this isn’t a major issue. Registered in the Republic of the Marshall Islands, PrimeXBT operates under this jurisdiction’s regulatory framework, offering a certain level of legal oversight. Casual traders interested in digital assets can benefit from PrimeXBT’s extensive crypto offering. Things have slowed down since, though, with the BTC/USD pair now down nearly 50% since the ATH in April. Maker fees apply to cryptocurrency orders that are not filled immediately, which helps improve market liquidity. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. Understanding these fees will help you plan your trading activities more effectively. Finance Magnates CY Limited. PrimeXBT hosts contests with specific prize pools, which are distributed as outlined on each contest’s detailed information page. Scan this code to download app. It comes equipped with a range of technical tools, including over 50 indicators, advanced charting features and tools, and multiple screen support, aiming to cater to various trading strategies. I determined that PrimeXBT is reasonably safe to trade with due to the following factors. We’re pleased to hear that you found the account creation process simple and the payment transactions instant at PrimeXBT. To fund a Margin Account. While optional KYC is beneficial for users who prefer not to share their personal information with third parties, KYC is essential for adhering to Anti Money Laundering AML regulations. The ‘Messages’ widget contains all system messages with a detailed explanation of why an order was rejected. All mentions of the names of companies and their brands in any materials on the website shall be made in the context of communication of socially important information to the people about their activities by independent journalists, who are the authors. For unverified users, you’ll have withdrawal limits of 5 BTC per 24 hours.

How to claim your Trader rewards

In my experience, if you’re new to day trading, PrimeXBT might feel overwhelming, but experienced traders will appreciate the platform’s advanced tools and features, making it an ideal fit for seasoned traders. Brand operating since. To evaluate the quality of customer services for diverse user needs, we created a unique trading test. The platform caters to a diverse audience, ranging from novice traders to seasoned veterans. Established in 2018, the company currently has over 100 trading assets available, 3 offices around the world, 12+ liquidity providers and enjoys an average daily trading volume of over $123,000,000. Ensuring that your account is verified is essential for a secure and uninterrupted trading experience. I tested Cuộc thi Hiện tại Trên both versions and found that they offered a smooth trading experience without any significant compromises. No, BitMEX does not offer copy trading features. Here’s an exhaustive list of the various types of crypto wallets, their individual advantages and disadvantages, as well as explaining the different ways each wallet system works. Creating an account with PrimeXBT is a quick and straightforward process. Only for verified users. Other restricted regions include Cuba, Israel, Iran, New Zealand, Syria, North Korea, Sudan, various U. It’s important to check the terms and conditions of each coupon to find out its exact expiry date. 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. This is why it’s crucial to understand the heightened risk of liquidation associated with margin trading. Reducing leverage and using more margin can help lower funding fees, which are higher than those of competitors. These products are not suitable for all investors. This stops further losses that an investor would not control or probably expect from highly volatile markets like the SandP 500. 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. This plan should encompass several key elements. However, if there were some kind of mass adoption, it could be possible.

Promos

Copy trading is a great tool for a lot of users with any level of experience. Since September 17, 2022, StatusGator hasbeen monitoring PrimeXBT Crypto Futures trading platform outages, downtime, and servicedisruptions to provide comprehensive insights into its status history. Best Regards,The PrimeXBT Team. Best regards,The PrimeXBT Team. FTX bankruptcy Chapter 11 9:14 PM. There are discounts available for institutional traders and whales who trade 300+ BTC worth of volume in a 30 day rolling trading period. Unlike some exchanges, PrimeXBT does not request Proof of Income/Wealth, making it a more appealing option for users who prefer not to share their personal information. As a typical rookie, knowing that this platform is mainly for crypto trading, I decided to start with global assets and forex pairs in particular. It appears they sustain their business by taking from their clients. Users can transfer cryptocurrencies directly from their personal crypto wallets to their PrimeXBT Wallets. PXBT Trading Ltd, is a licensed Securities Dealer in Seychelles under License No. Your trading plan will also allow you to employ market analytics tools. PrimeXBT is an award winning, multi asset trading platform that allows trading of cryptocurrencies, crypto futures, and traditional financial instruments. PrimeXBT does not accept clients from the following restricted jurisdictions: The United States of America, Japan, Saint Vincent and the Grenadines, Canada, Cuba, Algeria, Israel, Ecuador, Iran, New Zealand, Syria, North Korea or Sudan, United States of Minor Outlying Islands, America Samoa, Russian Federation and Myanmar. As a non custodial platform, Changelly does not enforce KYC processes as standard.

Cross Platform Access

The platform’s design is sleek and modern, making it visually pleasing. ProBit is a centralized crypto exchange with more than 400 cryptocurrencies available to buy, sell, and trade. Only for verified users. The great thing about PrimeXBT is that as a frequent trader you are rewarded by the exchange. However, it also increases your potential losses when the price of a cryptocurrency doesn’t perform as expected. The leverage for cryptocurrencies is up to 1:200, providing flexibility in trades but requiring caution. At PrimeXBT, the markets are not just avenues; they’re gateways to a world of financial possibilities. Ideological and political posts or comments are considered nonconstructive and off topic unless paired with analysis of political events and how they influence the market. During testing, I received fast responses with a reasonable level of detail. While unlikely, it is not impossible. This may involve a robust identity verification process. There are no other major crypto financial services offered besides these features. 1M+ community members. Start by visiting the PrimeXBT website and clicking on the “Register” button. Returns or profits may be subject to capital gains tax. This is awesome since you can maintain that level of anonymity until you decide you want to use Fiat. PrimeXBT shall not be responsible for withholding, collecting, reporting, paying, settling and/or remitting any taxes including, but not limited to, any income, capital gains, sales, value added or similar tax which may arise from Your participation in trading with margin.

Should I Open An Account With PrimeXBT?

PrimeXBT has never suffered a hack or security breach during its operational history. But, alas, all articles are still only available in English. However, depositing or withdrawing fiat currency will require KYC identity verification. Nonetheless, this should be thought of as an investment and something that you could potentially lose completely on. 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. We will talk more about margin trading later on in this PrimeXBT Tutorial – Complete Guide To Leverage Trading On PrimeXBT. PrimeXBT delivered a seamless trading experience. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. It offers up to x200 leverage, a user friendly interface, and is complemented by the copy trading service offered by the company. PrimeXBT integrates TradingView charts, which is a nice feature. Before placing a leveraged trade, check how correlated markets are performing, such as equities or interest rates. Now we’ll delve into some benefits and drawbacks of this program. PrimeXBT offers flexibility with cryptocurrency purchases through partners and multiple account features, like 2FA and demo accounts, to enhance trading. Active users across the world. Here is a look at the margin requirements for the 11 supported indices. PrimeXBT offers up to 100x leverage on crypto and 1,000x leverage on some forex pairs. No other fintech apps are more loved. Bonuses: Various deposit bonuses are available for deposits of $1000, $2500, and $5000. It involves a group or trader providing signals to a community, who take a position based on the signal causing a “pump. PrimeXBT must navigate these regulatory frameworks to ensure compliance and provide secure trading services. Testing strategies risk free on the demo is a great way for newer traders to familiarize themselves with the tools and order types. Examples of PII whether about yourself or someone else, can include amount of coins owned, income, taxes owed, addresses, phone numbers etc. They support informed trading and investment decisions with up to date content across various markets, including crypto. This could be ideal for those who like to trade with technical analysis.

Day Traders: Acceptable choice

In the Cryptocurrency Service category. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Select Verify Account. These include fan lines, Fibonacci, retracements, and other trend lines. Copy Trading: PrimeXBT enables users to copy the strategies of leading traders through the ‘Copy Trading’ product. 3️⃣ Once the correct MetaMask account has been chosen, click the blue ‘Connect’ button to confirm. 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. 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. Otherwise, please leave this website. KYC is becoming more and more common for many of our favourite exchanges, so it is nice to have this option for traders who appreciate privacy. 📸 Instagram: Latest news and updates on PrimeXBT’s Instagram. All available bonuses can be viewed in myAlpari in the “Trade” “Rewards” section. Only invest in Dogecoin if you have a high risk tolerance. Corn and Soybean prices actually experienced the opposite affect. What Makes EUR/USD the Most Traded Currency Pair. 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. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. 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. 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. Casual traders interested in digital assets can benefit from PrimeXBT’s extensive crypto offering. This is also where users can manage positions, view price charts or their watchlist. PrimeXBT offers comprehensive support services to help traders navigate regulatory challenges, including detailed guides on compliance requirements, customer support for resolving issues, and regular updates on regulatory changes.

Restricted Jurisdictions

We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Our human support team is here to help 24/7, in your language. You get to pay with card or crypto. It has a daily average trading volume of $545 million which should give you some idea of scale. Select the Crypto you want to withdraw. Gemini offers trading features for all types of traders. Dedicated support via email, phone, and live chat around the clock to answer questions at any time. Go to Settings > Security and enable Install from Unknown Sources if prompted. I found that funding fees on PrimeXBT were noticeably higher than on Binance and Bybit. 05% transaction fee on cryptocurrencies. Yes, the PrimeXBT App is free to download and use. Open the downloaded file and tap Install to complete the installation. Returns or profits may be subject to capital gains tax. Also there customer service was very poor. Overnight financing fees, or swap fees, are calculated based on the interest rate differential between the two currencies in a pair. With the new year officially underway, we’re looking back at the last month of 2024, thrilled by the fact that. Recommendations for Software or Hardware. Overall, PrimeXBT offers a comprehensive trading platform with a wide range of assets, leverage options, and competitive fees.

My Key Takeaways After Testing PrimeXBT Desktop

Funds can also only be accessed via multiple signatures reducing the risk of one compromised party making unauthorized transactions. All information on this website serves only as general educational information. The mobile app is slightly easier to navigate compared to the desktop platform, though the available trading instruments are still not ideal for beginners. PrimeXBT offers a variety of bonuses and promotions for both new and existing users. Like most exchanges and financial sites these days, PrimeXBT has full SSL encryption. As mentioned, the maximum leverage on PrimeXBT is 1:200 for BTC and ETH pairs, with other crypto pairs varying between 1:5 to 1:50 and up to 1:1,000 on some of their forex pairs. Similarly, if you opened a 0. Reviewed by Alexander Goodenough. To choose a strategy manager, review the detailed performance metrics provided by PrimeXBT, including historical returns, risk level, and trading style.

Supported cryptocurrencies

This summarized statistics are based on the information of markets and exchanges registred at Coinhills. Dear Carlos,We’re delighted to hear that you appreciate the wide range of assets available on PrimeXBT, including forex, commodities, cryptocurrencies, and indices. Our team spends thousands of hours per annum researching brokers and gathering information about them to help investors all over the world to choose reliable companies and to avoid fraudsters. 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. It’s great to know that our efforts to reward our users are making a positive impact. And it’s probably only fair that we ask the same thing of PrimeXBT. Next, let’s explore withdrawal issues and how to resolve them. Keeping detailed records of each transaction, including dates, values, and purposes, is crucial for accurate reporting. My tests revealed that PrimeXBT’s trading fees are average to slightly high compared to industry standards.

About

This can be done by generating an Account Statement on the ‘Reports’ page. The broker offers only cryptocurrency based accounts on Bitcoin, Ethereum, USDC, and USDT. By using minimal margin, it allows traders to “dip their toe into the water” before “going all in. 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. However, PrimeXBT does not provide any third party content. To begin trading, you must first decide how much money you’re willing to put on the line and invest. While PrimeXBT supports a wide range of countries, it is not suitable for traders in regions with regulatory restrictions. The potential return for a correct guess is preset by the turbo feature. A cryptocurrency is a form of currency developed through blockchain technology. The platform offers several fiat deposit options, including bank transfers and bank card payments. Time your market entries and exits with precision, using advanced indicators. To start trading cryptocurrencies, you’ll need to fund your PrimeXBT account. Users can view a detailed breakdown of fees associated with using the platform. To minimize trading fees, I recommend using limit orders to benefit from lower maker fees. Please note that customers from South Africa are not able to make deposits using cryptocurrency. Free $10,000 Practice Account. If a user asks for someone to provide a referral link, this does not warrant posting a referral link.

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See more about trading fees. In addition to a selection of cryptocurrencies being unavailable to residents of the country, users can only access staking services outside of the US. These fees include trading fees, spread costs, overnight financing fees, and more. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Watchlist Management: Traders can favorite frequently traded assets and easily filter them using the market search feature. Unlike regular trading where doubling an investment is only possible over the course of weeks or months if you’re lucky, Turbo unleashes super fast profits to allow traders to almost double their investment in just 30 seconds. PrimeXBT offers trading with up to 1000X leverage for CFDs and up to 200X leverage for Crypto Futures and Crypto CFDs. Cold storage and multi signature wallets:For enhanced protection, many U. Here are some ways to stay informed. Trade global markets including Cryptocurrencies, Stock Indices, Commodities and Forex from your mobile device. Trading fees on PrimeXBT consist of maker and taker fees. PrimeXBT does offer free deposits for both fiat and crypto, but the withdrawal fees, especially for fiat, are higher than those on competing platforms. Instances triggering a CDD procedure include potential misuse of our services or suspected violation of our Terms and Conditions. Orders may be rejected for reasons like insufficient funds, slippage settings, or reaching the maximum allowable open positions. Receive the latest news and stay informed. They have provided a number of accounts and each of these will be relative to your own personal needs. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Already have an account. 5 for PrimeXBT and 3. The absence of mandatory KYC and AML measures increases the platform’s risk of investigation and sanctions, similar to Binance’s $4. Learn more about Baksta’s Legal Terms. Good platform to learn how to trade. The exchange is anonymous and does not require KYC or AML checks, although it reserves the right to conduct verification in certain cases. 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. 0578% on morevolatile instruments like Natural Gas – a substantial reduction from previouslevels. 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. However, the simplicity of the process and the direct purchase options raise questions about security and the platform’s adequacy for all trader types.

Exclusive Crypto Deal List of 2023

0017 resistance, it could increase by 25%. The most basic form of risk management is done by placing a stop loss order to protect against extreme losses. As Bitcoin flirts with $100k, the big question surrounding the current rally is whether it can continue and surpass $100k. Deposit Purchase crypto via bank card or transfer via third party companies. These collaborations strengthened its position in the blockchain world. These include fan lines, Fibonacci, retracements, and other trend lines. So instead of seeking confirmation before opening or closing a position, one click trading simplifies the workflow. This is impressive growth when compared to the figures of other online brokers, let’s take a look at exactly what makes PrimeXBT so special. PrimeXBT does NOT require KYC procedures for traders. To understand XLM price forecasts that we present later in this article, you need to know where it came form. PrimeXBT provides 24/7 customer support through live chat, typically responding to queries within 2 minutes. All mentions of the names of companies and their brands in any materials on the website shall be made in the context of communication of socially important information to the people about their activities by independent journalists, who are the authors. What the history of this index shows is that because it is somewhat of a representation of the health of the American economy and space, it is often influenced by factors that affect the entire country. Statements regarding the future carry risks and are not assured to be updated. However, it’s crucial to remember that this power comes with amplified risks, leverage can also exacerbate losses if the market moves against you. It signaled a 9 sell signal when the asset reached its all time high at $20,000, then again recently when it was trading over $10,000. The trader might hold onto a losing position for too long, hoping for a reversal that never happens, ultimately resulting in a substantial loss to their account balance or even complete liquidation of their investment. Open the downloaded file and tap Install to complete the installation. Convert Bitcoin Cash to Shiba Inu with our easy to use Currency Converter. All of these services bode well for the future value of XRP. 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. This sets it apart from other trading platforms. 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. But we also want to make that process. We specialise in Crypto and CFD trading, offering a dynamic range of web and mobile platforms tailored to the varied needs of traders. Overall, I rank PrimeXBT in the middle of the pack. Investors can make well informed decisions about their involvement with Polkadot as an investment opportunity by maintaining a balanced perspective and carefully weighing the benefits and hazards. It’s always a nice touch when an exchange includes additional material to help smooth your trading experience. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457.