PrimeXBT Review Trustpilot: Detailed User Insights

PrimeXBT offers four types of orders: Market, Limit, Stop, and OCO. PrimeXBT offers the following fee structure. Given the amount of leverage that traders can access, with the volatility in the crypto markets, we would suggest that you make use of the protection orders – for your own good. Dive into trading excellence with PrimeXBT today. It will change your IP address into a proxy address provided by the VPN service provider. If you have any more questions or require further assistance, feel free to reach out at. It seems that this broker is higher level than platforms I have traded on. In an environment where security breaches can have devastating consequences, the platform’s commitment to robust protection measures is commendable. The app connects users directly to the markets, making trading smooth. This is better than the other futures exchanges such as BitMEX for example. Understanding the risks associated with foreign exchange trading is crucial, and consulting with an independent financial advisor is an option if there are any uncertainties. Our website uses cookies. He has also been recognized for his achievements and was awarded the Goldman Sachs Fellowship, the Joseph P. Start with well established companies, diversify your portfolio, and use tools like stock screeners to identify potential opportunities. Our process included signing up, completing the KYC Know Your Customer verification, logging in, depositing funds, and making withdrawals. Receive the latest news and stay informed. 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. These products are not suitable for all investors. PrimeXBT is presenting a $500 Signup trial bonus exclusively available for the new traders of the company. Strategies to minimize trading fees include optimizing the number and size of trades, avoiding overtrading, choosing the right time to trade, and leveraging advanced trading tools and features offered by PrimeXBT. Visit our Help Centre. The $100 bonus was credited instantly after transferring funds from our wallet to a trading account. Options provide the opportunity to hedge against market volatility, capitalize on price movements, and manage risk more effectively. For example, if you deposited with Volet, you must also withdraw using Volet. 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. So, why engage in trading with them. 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. This shows PrimeXBT cares about being safe and following financial regulation.

COV Token Benefits

A Position can be either Long or Short. 4 Security: Most of the coins kept at PrimeXBT are stored in cold storage. READ FULL IF YOU’RE NON MEDIUM MEMBER. Our detailed price comparisons and cryptocurrency guides have you covered. 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. For example, social media influencers, YouTube celebrities, bloggers, forum administrators, and more, can all capitalize on their existing audiences to bolster their revenue streams exponentially using PrimeXBT’s programs. An example of systematic risk is unexpected and sudden news that hits the market by surprise. Our process included signing up, completing the KYC Know Your Customer verification, logging in, depositing funds, and making withdrawals. You will be prompted to turn on the front camera on your phone or laptop to take an instant photo a scan of your face. Following these channels allows you to stay updated on the latest promotions and bonus codes. 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. Yes, MT4 is highly customizable. Never invest more than you are willing to lose. Margin is the amount of money that you have in your account allocated for a larger position. Customer support is available 24/7 through live chat and email. These help users understand the market and trading strategies better. The minimum deposit is 0. Information regarding past performance is not a reliable indicator of future performance.

Exchanges by country:

5 Million in SHIB for AI Token FET Amid Market Shifts. That said, just as much, if not. If you do not have this then you may have to wait for up to seven days as the broker manually resets this. With the recent concerns around the world for global stability and the possibility of contagion when it comes to debt markets, that also can push a lot of money into safety assets such as Gold. 2024 00343, having its registered office address at PKF PrimeXBT Promo-Code Corporate Services Ltd. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. This method effectively measures the capability of customer support to assist both active traders and casual investors. Clients can place trades and manage orders directly from charts, powered by TradingView. Another common mistake among crypto traders is to trade against the trend. Nevertheless, the PrimeXBT offer aims for diversity and top quality assets. The vast majority of blockchains, excluding privacy coins, are public.

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Trade cryptocurrencies, commodities, Forex, and major stock indices with ease using CFDs. Here’s a simple breakdown. The first step in exploring a trading platform is signing up, and PrimeXBT keeps it simple with just an email, password, and agreement to the terms. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. For those considering PrimeXBT, it’s advisable to consult user generated platforms like Trustpilot for up to date ratings and reviews. However, we would love to explore the option of including other fiat currencies in the future. Whether it’s user feedback, service features or pricing, everything passes through our strict review process in order to filter out false info and advertising claims. That’s why traders who own a large amount of Bitcoin usually store them on cold wallets and keep only a small portion of their coins on hot wallets for daily trading. We’re committed to providing a cost effective and efficient platform for all traders. Understanding these asset specific fee structures is important for effective cost management. Brokers are not there to determine how the market moves, only to facilitate orders. Market Search: The dedicated “Markets” page allows you to quickly search for available markets, with filters for popular markets, forex, indices, commodities, and cryptos. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. PrimeXBT is an acceptable choice for day traders.

Is PrimeXBT regulated?

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. Discover a world of trading possibilities, with access to a wide range of Forex CFDs, and enjoy some of the best leveraged trading conditions in the industry. It’s often these assets that are extremely oversold that perform the best during the next bull market. This is done automatically most of the time with brokerages, although some will contact you to suggest that you should put in more margin. However, PrimeXBT pulls away from its competitors in the cryptocurrency exchange industry through its range of CFDs extending beyond cryptos. This is to protect your account in the event of a wrong prediction on price movement. Scan this code to download app. High ratings globally. Surprisingly enough Shiba Inu’s tokenomics are developed much better than one can imagine. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Each strategy requires a solid understanding of market dynamics and robust risk management to be successful. For stocks in the United States as an example, you need to deposit at least $2000 with your brokerage, or 100% of the purchase price, whichever is less. A Golden Cross is about to take place on the 1D chart. When a trader that you follow opens a trade, the copy trading platform opens the same trade on your account, automatically. PrimeXBT’s trading fees for crypto futures are among the lowest in the industry, following a Maker Taker Model. PrimeXBT provides wallets for BTC, COV, ETH, USDC, USDT, and US dollars. You can only withdraw fiat using the same payment method you used for deposits. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. Green hammers are stronger signals than red hammers, but as the example of Bitcoin’s bottom in 2015 shows, can still be strong in their own right. Throughout my testing, the app performed smoothly without any bugs or glitches. These promotional offers can significantly move trading and reduce overall trading costs, but it is important to evaluate whether they offer real value. The amount an individual puts down to open a trade in bitcoin leverage trading is known as margin. When you trade on margin, you are using borrowed money from the broker, using the cash or other securities in your portfolio as collateral. 3 months ago 189 views. It has over 1 million users. As a result, online trading platforms experienced a surge in user activity and new account registrations during this period. PrimeXBT boasts an average order execution speed below 7. PrimeXBT offers localized support for traders from different regions, ensuring a tailored trading experience. The focus of this methodology is to exclude and minimise potential hard forks, similar to the one Ethereum suffered back in 2016, which followed a critical security incident.

My experience

Trade: Details of orders and positions can be found on the trade page. DYdX is a leading decentralized exchange DEX that allows users to trade derivatives and spot markets without the need for KYC verification. While it offers two factor authentication 2FA to enhance account security, several factors raise concerns about the platform’s safety and reliability. You can earn up to 75% of the profits of those whose trades you copy. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Bitcoin investors, however, coined the term “hodl” to explain the uniqueness of what its like to ride the rollercoaster that is Bitcoin investing. 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. For carrying a position overnight. Yes, PrimeXBT is easy to use with interfaces made for everyone. This makes it a versatile choice for traders seeking diverse opportunities. Note, the broker does not offer trading in options and spread betting. Learn more about Baksta’s Legal Terms. Proving valuable content helps increase your credibility and convince your audience effectively. Exchanges like PrimeXBT that cater to a global audience need to offer multiple payment options that suit their different clientele.

Key Features:

Tournaments for traders. 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. Another scenario, is that they open an account for you, usually with an unregulated shady broker. Vincent and The Grenadines, and moved its domain and trading infrastructure to Switzerland. Here’s a clear breakdown of all PrimeXBT fees and commissions. Menikmati setiap permainannya dan curahkan semua game online kesukaan kamu hingga bisa meraih jackpot yang besar. PrimeXBT Trading Services, S. 🚀 We’ll explore how PrimeXBT operates, its diverse services, safety measures, and its ideal users. Si querés saber más sobre lo que dicen los usuarios, visitá nuestra página de reseñas de PrimeXBT. However, there are some regions where PrimeXBT does not accept users, including. PrimeXBT takes pride in offering this feature as part of its unique selling proposition.

DigitalCoinPrice anticipates a steady rise to $3

For a complete list of restricted regions, refer to Section 1. However, SHIB is a speculative asset and should be treated as such. 3 billion fine for failing to comply with AML regulations. However, it lacks free withdrawal options, with existing ones incurring higher fees compared to most competitors. According to our batting projections, DOGE could have a winning performance in 2026, potentially surpassing its previous all time high. The platform also supports copy trading, allowing users to automatically copy and execute the trades of successful traders. Although there have been multiple promises that Musk would accept Doge as a payment method on X and for Tesla’s website for merchandise in fact there is an entire FAQ page dedicated to it, this has yet to happen. PrimeXBT welcome bonus code is the latest scheme being offered by PrimeXBT as a part of its marketing strategy that will give you 35% extra funds to trade. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Please read our risk warning here. The covesting feature is a game changer. Volume of $150,000 by trading CFD or Crypto Futures and get $5 on your trading account. Coin Price Forecast is very bullish for both 2024 and 2025, as they believe that although there may be more of a plateau in 2024, by the time we get to the end of 2025, they expect that Bitcoin could hit the $54,824 level. 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. 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. PrimeXBT offers limited withdrawal options, especially compared to Binance and Bybit. Watchlist Management: Traders can favorite frequently traded assets and easily filter them using the market search feature. With over a million users in 150 countries, PrimeXBT offers a comprehensive trading experience for both beginners and seasoned traders. In terms of the trading platform itself, the broker focuses on technological development to ensure a smooth and intuitive user experience. Should a CDD procedure be initiated, PrimeXBT may request specific documentation, such as Proof of Identity, Proof of Address, and Proof of Source of Funds. Those who are the providers of strategies for autocopying also make profit, as users pay them a certain percentage of profit for subscribing to their trading.

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You then multiply 60 points by two CFDs to get a profit of $1200. Advanced trading concepts can be confusing for beginners. If the app is unavailable in your region, you can still access it through direct download from our site. The PrimeXBT app is designed to provide traders with a powerful yet easy to use platform right in the palm of their hand. Our website uses cookies. It caters mainly to experienced traders and may pose challenges for novices due to its high leverage and unregulated status. The United States of America US Reportable Persons. The platform was founded in 2018, and from the very beginning, it managed to grow exponentially. Overall, PrimeXBT offers a comprehensive trading platform with a wide range of assets, leverage options, and competitive fees. The exchange is anonymous and does not require KYC or AML checks, although it reserves the right to conduct verification in certain cases. Additionally, PrimeXBT charges funding fees regardless of whether you go long or short, unlike other exchanges that rebate fees when trading against the market. It makes trading easy for everyone. Vincent and The GrenadinesCompany Jurisdiction / Registration: SeychellesCEO / Owners: Unknown. An OCO order allows you to combine 2 different orders under special conditions – once one of the orders is triggered and executed, the second order is automatically cancelled An OCO order allows you to combine different as well as identical order types: Stop+Limit, Stop+Stop, Limit+ Limit. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. A panel of experts from Finder has XRP price predictions for this year based on whether Ripple will win or lose against the SEC.

Unlocked: Crypto Handbook!

Each fund is rated by a series of metrics, including daily and all time ROI and total capital. It is also often wise to start small, rely on leverage to avoid putting too much capital on the line at first, and set up a trading journal to log any learnings or mistakes made along the way. Benefit from spreads as low as 0. But with this software, its been super easy and swift to exchange and make payments via cryptocurrency. Be mindful of fees, however. Nonetheless, Shib community stays strong and in intact despite the negative investor sentiment. Perhaps the quickest and most effective way to get hold of their customer support is through the live chat that can be accessed right from the trading platform. Receive the latest news and stay informed. The leverage available depends on the asset type and position size. PrimeXBT is our preferred platform for trading futures, because of its competitive fees, the number of markets it offers, and its user friendly interface featuring charting tools from TradingView. Best regards,The PrimeXBT Team. The absence of major incidents and negative feedback speaks in favor of the exchange’s serious approach to the security of user funds and data. These features make PrimeXBT an attractive option for traders seeking a reliable, feature rich platform that combines security, flexibility, and innovative tools. If a trade has performed better than anticipated, traders can move a stop loss order lower to be used as a profit taking tactic, so if the price returns to the set level, the stop loss is triggered in profit.

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Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. 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, according to the platform’s KYC page. The platform also allows you to quickly switch from not only Forex pair to Forex pair, but other CFD markets as well, as PrimeXBT offers so many other markets such as crypto, energy, and indices. While these features are indeed impressive, the durability of the trading ecosystem they belong to raises questions. It is worth bearing in mind that during the process of making a financial transaction, you will be automatically redirected to the PrimeXBT partner company page. The leverage can amplify profits for traders as they can trade in both directions. Investing in cryptocurrencies comes with significant risk. Now, let’s move on to how to use all the services PrimeXBT trading offers for crypto friendly traders. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. And currency trading, you are always “long” one currency, while being “short” the other. What an eventful first week in my new role as a Senior Market Analyst, with so much happening in global markets, it has been a busy one. Trade cryptocurrencies, commodities, Forex, and major stock indices with ease using CFDs. Market orders are useful in situations where immediate execution is more important than the price, such as in fast moving markets or when trying to enter or exit a position quickly. For traders who act quickly on market changes, these features are a big plus. We use dedicated people and clever technology to safeguard our platform. This is how most people think about the stock market when they say, “buy low and sell high. Post articles and get them viewed, discussed, and shared in one of the most active cryptocommunities. Moreover, this promotional offer is only valid on the first deposit. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money. Here’s your personalized cheat sheet.

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Additionally, BTC’s open interest OI is gradually increasing as it approaches a crucial resistance level. In conclusion, PrimeXBT stands out as a powerful and versatile trading platform for traders of all levels 🌐. Additionally, PrimeXBT charges funding fees regardless of whether you go long or short, unlike other exchanges that rebate fees when trading against the market. Token holders can also use OKX to get a discount on maker/taker fees. Five years from now, MATIC should continue to increase in value, with most people believing that the price of Polygon should be somewhere in the neighborhood of $3. Within the « Actions » menu, click « Sell, » pick the desired crypto and fiat pairing, and confirm your withdrawal. However, with the potential for magnified gains, your margin balance is also subject to magnified losses. The above rules are only as good as they are enforced. This table provides a quick reference to the key factors influencing overnight fees and their impact. Despite the limited FAQ section, the platform’s live chat and email form provided quick access to a support agent. Advanced trading concepts can be confusing for beginners. The total to date value secured by Chainlink reaches an impressive $21,014,558,913. Despite not being regulated, this doesn’t look like a scam and keep in mind that a lot of cryptocurrency exchanges are not supervised by a major financial watchdog simply because crypto, in general, is mostly unregulated.