PrimeXBT

The trading platform has a user friendly interface infused with all the tools a trader needs to do business. From the moment I started using it, I knew I had found something special. But remember, leverage can also amplify your losses, so use it wisely. Users are responsible for understanding the operational mechanisms and risks associated with automated trading systems before use. Educational Purpose Only: The materials provided by EA Trading Academy, including all videos, are intended solely for educational and informational purposes and are not to be interpreted as trading advice. Activating a bonus on PrimeXBT is a straightforward process that allows you to increase your trading capital or reduce trading fees. 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. It is also a great way for experienced traders to earn some extra income from other traders. Some products and/or services might not be covered by the Compensation Fund. Users are responsible PrimeXBT broker for understanding the operational mechanisms and risks associated with automated trading systems before use. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Registration No. These features can be enabled in your account Settings. Note: Users located in the US and UK are not supported. Click Download and confirm the file download if you see a warning. For example, BTC can be used in a Margin trading account denominated only in BTC, while ETH can be used in a Margin trading account denominated only in ETH. Advanced trading concepts can be confusing for beginners. If you’re familiar with the layout of a trading chart, then you’ll have no problem navigating either PrimeXBT or OKX’s trading platforms. The PrimeXBT development team is continuously working on new features and improvements, as well as dramatic changes to the award winning. 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.

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Regularly review these metrics to stay informed and make necessary adjustments to optimize your returns. PrimeXBT allows verified users to make unrestricted deposits and withdrawals for both fiat and cryptocurrencies, a feature not commonly found on other platforms. Important to note: PrimeXBT features CFDs Contract for Difference trading, not Spot trading as is the case with the majority of crypto exchanges. The file is verified secure by PrimeXBT. Another cool feature that sets PrimeXBT apart is that users can design their own trading contest for their communities. PrimeXBT Open Account. Follow the same steps to trade Forex, Commodities, or Indices. Founded in 2018, PrimeXBT is a futures and CFD trading platform serving over a million users in more than 150 countries. The ‘Credit or Debit Card’ option will be pre selected, so simply click ‘Continue’ and follow the on screen instructions. Studying these materials could be an immersive learning experience for aspiring traders. Customer Due Diligence CDD may be initiated at any time to verify identity or source of funds, safeguarding against misuse and ensuring adherence to Anti Money Laundering AML requirements. Our clients love how fast and simple our sign up is. He concluded that 53 out of the 130 platforms he conducted his research on leaked critical information to a total of at least 40 separate third parties. Despite the limited FAQ section, the platform’s live chat and email form provided quick access to a support agent. Lastly, when it comes to withdrawals, PrimeXBT is one of the few exchanges that require a mandatory white labelling of Bitcoin addresses. Bybit also felt more modern, ergonomic, and was more aesthetically pleasing in my opinion and felt more akin to a crypto exchange.

Dogecoin Price Prediction: Can DOGE Provide Investors With “Much Wow”

It supports Mobile Android and iOS. For residents located in these countries or traders who prefer spot trading which is more common, I recommend checking out our OKX review and Binance Review. The platform offers high leverage, enabling various trading strategies, all supported by an advanced platform with TradingView integration for in depth technical analysis. Registered in Seychelles with the company number 217308, and Prime XBT Trading Services Ltd, incorporated in the Saint Lucia 2024 00343. A moving average is created when the bottom support level of an uptrend is traced with the resistance peaks during a downtrend. 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. You can use a number of the crypto exchanges without KYC in this list to buy crypto without providing your personal information. The rate can be either long to buy or short to sell and depends on the specific futures contract. Mostbet Türkiye Mobil Uygulamasını Indir Türkiye Resmi Web Sitesi Content Mostbet Spor Bahisleri Türkiye’de Ne Tür Sporlara Bahis Oynayabilirim. 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. Up to 1000x leverage is offered for trades on traditional assets. Should you have any questions or need further assistance, please don’t hesitate to reach out at. This trading instrument has become very popular and similar products are now offered on many of the major exchanges.

PrimeXBT Trading Platform

We strive to provide content that enriches our traders’ knowledge and enhances their trading strategies. During my testing, PrimeXBT performed well, executing trades instantly without any discrepancies in conditional order execution. However, KYC verification is required for using any fiat services, such as depositing fiat or buying crypto with fiat. This is also where users can manage positions, view price charts or their watchlist. Dive into weekly trading contests with virtual funds for a chance to win rewards up to $10,000. Define clear entry and exit points for your trades. This would surely go a long way to reassure OKX customers that they can safely trade on their platform. The Cryptocurrency market is known for its volatility. With years of experience in the markets, we’re the broker of choice for 1M+ traders globally. These products may not be suitable for all investors. Strategy Managers take the lead, controlling the trading activity of their managed strategies, while Followers seamlessly replicate these trades. Liquidation occurs when the value of your position falls below the minimum margin requirement set by the exchange. The PrimeXBT team is committed to 24/7 customer service. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Plus, details like this can help those who enjoy copy trading on the exchange. My deposit was credited after 20 network confirmations, which took a few minutes. These regulations often include anti money laundering AML laws, know your customer KYC requirements, and other compliance standards. This means that traders only need to put down 1% or 0. Like any investment, a thorough understanding of the platform, its offerings, and customer support is vital before getting started. 14 ETH/200, USDC or equivalent in BTC on your deposit. It is not something that you have to do, just something that you are able to do should you choose to. The mobile app is slightly easier to navigate compared to the desktop platform, though the available trading instruments are still not ideal for beginners. The platform has plenty of innovative trading tools with enough advanced features to satisfy even the most technical traders with all the charting and drawing tools one needs. A one time payment is also calculated individually it depends on the general activity of the referral. 5 times ATR, making it $1350 below the entry price. Your analysis was correct, and the British pound has fallen significantly. The broker features an award winning trading platform with advanced trading and charting tools. As spring rolled around in 2017, Dogecoin hit a home run in terms of value, scoring a price of $0. 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.

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While margin trading carries inherent risks, there are steps you can take to mitigate them. Performance fees are charged based on the profits generated by the trading strategy. The base currency is the first of the pair, while the quote currency is the second. PrimeXBT does not offer swap free trading via Islamic accounts at the present rate. During 2011, however, it grew to $30, only to crash by more than 90% back down to $2. You can conveniently sort them according to their total profit. PrimeXBT New Year sale generally starts shortly after Christmas day, often in the days prior to New Year’s Eve, and continues throughout the first few days of January. They’ve got guides, videos, and maybe even live sessions where they explain everything from the basics to the fancy stuff. While depositing and withdrawing to a bank card is convenient, it may incur conversion fees. Agree and Join LinkedIn. The platform provides leveraged trading for various assets, with maximum leverage of up to 200x for cryptocurrencies and up to 1000x for forex and commodity assets. $20,000 or equivalent for unverified users. This has additionally distinguished it from other, more significant cryptocurrencies like Bitcoin and Ethereum. Warning ⚡️: Trading leveraged futures products is incredibly risky. Both types of contracts are cryptocurrency derivatives, but each type of contract is very different. I will try to simplify it for you. However, there are some regions where PrimeXBT does not accept users, including. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Traders should exercise caution and have a thorough understanding of the risks involved in leveraged trading. Additionally, PrimeXBT supports third party payment providers such as Volet and Perfect Money. PrimeXBT operates a tier based referral program where you will earn a percentage of trading fees not only on those traders that you directly refer but also a percentage from 2nd and 3rd tier referrals.

Get started in minutes

Copy your unique referral link from the ‘Referral program’ section. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Reg. This includes diligently reporting transactions over $10,000, adhering to taxation requirements, and staying up to date with any changes in legislation. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. The security team routinely run tests, check ups and updates to keep up to date with new potential vulnerabilities. As shown below, following this decision to cut rates, we have begun to see a noticeable upward movement in the total cryptocurrency market. Regardless of how you decide to trade, make sure that you have a system in place so that you know when you are getting in, when you are admitting a trait has gone against you, and when you are taking profit in a successful move. The platform provides CFDs for forex, indices, commodities, and cryptocurrencies, but this review focuses on Crypto Futures. If the price of the stock rises to $30, you would earn $2000 if you had only traded with cash. When used correctly, even a small price movement can amplify your potential profits and grow your trading account. ​For more information about our KYC and AML policies, click here. Amid speculations that the company had traded BTC during the testing bears, CEO Elon Musk revealed it was yet holding on to its BTC stash. Once your account is set up and funded, you can start exploring PrimeXBT’s trading features and tools. It includes an in house copy trading service, ideal for mobile traders, and the trading platform features charts from TradingView with 50+ technical indicators. Having a micro perspective about the market will allow you to determine your actual trading strategy. If you have any more questions, feel free to reach out at. PrimeXBT presents an interface that’s both customizable and user friendly. Scan the QR code with your device’s camera and get APK file. Let’s take XRP/BTC for example.

Perfect copy trading with PrimeXBT’s Covesting module

In total, the platform offers 100+ trading pairs in various segments. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. Many competitors are more transparent than PrimeXBT regarding Proof of Reserves and the handling of customer funds. Returns may be subject to tax. The projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, are not guaranteed for accuracy or completeness, do not reflect actual investment results, do not take into consideration commissions, margin interest and other costs, and are not guarantees of future results. Both platforms offer some of the lowest fees in the industry. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. Moreover, the platform also allows traders to deposit funds into their account through their credit cards, debit cards, or SEPA transfers. Click Download and confirm the file download if you see a warning. The platform provides CFDs for forex, indices, commodities, and cryptocurrencies, but this review focuses on Crypto Futures. This means there are greater opportunities for returns, but the risk involved is much higher, so proper risk management is required in order to be successful. We always provide our clients with the latest and greatest in trading tech.

Step 1: Setting Up and Funding Your Account

PrimeXBT Trading Services, S. A Trading day is used to determine when Overnight Financing is charged and when a DAY order is cancelled if not filled. They aggregate, or “pool,” their liquidity from over 12 different exchanges, so traders never need to worry about a lack of liquidity. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. There have been a lot of myths related to the cryptocurrency sector, but most of these myths are unfounded. As an active trader, I appreciated the inclusion of advanced technical indicators and the availability of high leverage. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. Bitget boasts a very similar fee structure to Bybit, with spot transactions costing 0. By following these strategies, you can make the most of PrimeXBT bonuses and enhance your trading experience on the platform. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Overall, I concluded that PrimeXBT is a good choice for casual crypto traders. PrimeXBT empowers traders to go long or short with leverage. Price prediction section aids me with that but I also conduct my own analysis. For example, a 1:100 leverage ratio means that for every $1 of the trader’s capital, they can control $100 in the market. For me, I would not deposit much money or any with an unregulated or unlicensed exchange. Both charge a $5 fee that is significantly higher than the fees on Binance and Bybit. For withdrawal fees, opting for crypto withdrawals over the TRC20 network is more cost effective than fiat withdrawals. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. However, the order form lacks the range of conditional orders found on Binance and Bybit, limiting strategies like TWAP. PrimeXBT also offers a comprehensive support section, where you can find FAQs, educational resources, and customer support. The COV token offers a user centric model that provides incentive schemes for the Covesting ecosystem. So even if you’ve got away with not paying tax on your crypto for now it’s inevitable that your tax office will catch up with you eventually. By batching transactions together, the platform effectively reduces the cost per transaction on the network, benefiting users by lowering their withdrawal fees.

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Hoskinson studied math and cryptography at the University of Colorado and applied his knowledge to the projects he has worked on. The US fracking technology, for example, has added additional cubic meters of natural gas to the market, which helped in lowering its price. Additionally, you cannot set stop losses and take profits directly from the order form. Cash accounts and margin accounts are very different, but once you understand the main differences, you will understand why cash accounts are considered to be advanced. Common problems include delayed deposits, incorrect deposit amounts, or issues with payment processors. This comprehensive guide will provide detailed information on PrimeXBT’s global reach, supported countries, restricted regions, and the regulatory landscape influencing its operations. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. As cryptos matured into valid investment vehicles, more governments have increased their crypto transaction monitoring, and companies must meet these legal expectations to remain operational. Users can trade long or short to enhance earnings through rising and falling markets. This bonus is way better than the $200 bonus as it offers you the opportunity to earn a higher bonus depending on your initial deposit. Referral Program: PrimeXBT’s referral program allows users to invite friends and earn a 20% commission on the trading fees paid by referred users. This Daily Limit applies cumulatively across all currencies withdrawn within a 24 hour period. By supporting these countries, PrimeXBT ensures that traders from various regions can access its services and benefit from its advanced trading features. Download the PrimeXBT App today, so you too can trade the markets anywhere, at any time, and get started with as little as $5. Our website uses cookies. We aim to provide a platform that caters to both experienced traders and newcomers, so it’s great to know that you found it accessible and user friendly. Go to the main page of the site and click on the “Sign Up” button. PrimeXBT offers limited withdrawal options, especially compared to Binance and Bybit. Traders can scour through some of the top performing traders and choose to copy their trading activity, providing a potential side income. As far as fees are concerned, PrimeXBT is extremely transparent and guarantees some of the lowest fees out there. Usually, the crypto market will be hyped when the price of Bitcoin reaches certain levels, which fuels demand and causes price gains. You can set up a demo account for yourself prior to or alongside your live FX and CFDs account. While Cardano has shown a lot of promise and even has been used in various scenarios, Cardano is notoriously slow to develop.

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I tested PrimeXBT’s spreads on 13 December 2024 during the London and New York opens. Being able to access tokens early while they are at pre public sale prices can often lead to lucrative gains, but these projects also come with higher risk as they are brand new and highly speculative. The sign up bonus often requires a minimum deposit to be eligible. Another example is LTC – for cross margin, its highest leverage is x50, but for isolated margin, it is x30. Yet, the real world performance of this well fortified ecosystem under trading conditions remains to be thoroughly vetted. You can view detailed information about your open positions, monitor your portfolio’s performance, and make adjustments as needed. But excluding private blockchains all transactions exist on a public ledger where anyone can view them, including your wallet details, using a blockchain explorer. For example, let’s assume the current price of Ether is $4,000. This project is featured as an ‘Untracked Listing’. Here, we’ll explore some key factors to consider when making this critical decision for your crypto leverage trading strategy. Open the downloaded file and tap Install to complete the installation. The PrimeXBT platform has plenty of tools available to suit traders of most skill levels. When selecting copy traders, meticulously analyse how prudently they manage risk based on key metrics and behaviours. The marketing is usually done by advertising the solutions that the project can provide. I tried to contract with them but nobody available. Lastly, you can’t rearrange or resize modules on the desktop platform. Here are the similarities and differences in the functionality of these terminals. So, how do these distinct elements collectively shape the trading experience on PrimeXBT. If you need any support or wish to share more about your trading experiences, please don’t hesitate to reach out at. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. Of course this also means that the market exposure of these signals are likely lower than higher profit but less reliable signals providers. Lastly, you can’t rearrange or resize modules on the desktop platform. Activate your account when registered successfully and start trading with the bonus credits. AFFILIATE DISCLOSURE: Kindly be aware that several links on CryptoAffiliate. The main advantages of using the PrimeXBT application.

US dollar

Additionally, users can earn bonuses for reaching various trading volumes, from $100,000 to $7,000,000, with rewards ranging from $5 to $1000. Please be aware that the verification process for customers from South Africa differs from the standard procedure. This can be accomplished by backtesting and knowing that the system is not only profitable but how it behaves over the long term. In terms of security, PrimeXBT takes extensive measures to protect customer funds, including keeping most funds in cold storage offline, using multi signature access, and conducting regular security audits. Key factors that influence this performance include execution efficiency and order fulfillment, leverage and margin capabilities, and the unique feature of copy trading, part of the Covesting module. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Registered in Seychelles, PrimeXBT has offices in St. I initiated a fiat withdrawal to my Volet account, which took almost 18 hours to process. This proactive approach is key to successful trading. I found that funding fees on PrimeXBT were noticeably higher than on Binance and Bybit. The order form also displays recent trades and order book data. Depending on your jurisdiction, some products or services might not be available. Therefore, you need to learn the technicalities, terms used and how the entire sector works before you start trading. To take advantage of the program, you need to. 002, where it stayed for the rest of the season. However, with the potential for magnified gains, your margin balance is also subject to magnified losses. To develop a short selling strategy for PrimeXBT, use technical and fundamental analysis to identify trading opportunities, implement risk management techniques, and develop a trading plan that outlines your goals, risk tolerance, and strategy for entering and exiting short positions. Commodity trading is the exchange of money for raw materials or vice versa. That’s why we offer a range of exclusive Bonuses and Contests, to help you turbocharge your trading. It provides 31 Crypto Futures trading pairs and 37 CFDs, focusing on large cap cryptocurrencies like BTC and ETH.

FrancoPereira

It’s fantastic to hear that your trading journey has been successful with PrimeXBT, especially as you continue to develop your trading skills. Best regards,The PrimeXBT Team. This section will provide a detailed guide on how to adjust leverage, ensuring that traders can optimize their trading experience and manage their risk effectively. Step 4: Confirm the Transaction. I found that funding fees on PrimeXBT were noticeably higher than on Binance and Bybit. Due to the possible delay and the rounding of values, the displayed calculation results may deviate from the actual parameter values applicable in the live market. Bitcoin was first worthless, and when it first began trading it was worth only a fraction of a penny. View all 45 employees. PrimeXBT is a perfect match for leverage and derivative traders due to its advanced trading platform and high leverage options. But with a margin account, this is not the case. You can conveniently sort them according to their total profit. PrimeXBT Instruments: My Key Takeaways. 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. Our support team is composed of professionals who are ready to assist you with any inquiries you may have. I give it a 10/10, meaning I haven’t experienced any unsatisfaction for now and praying it keeps being so. Easily buy Crypto with Visa or Mastercard. Unlimited for verified users. Bitcoke is a crypto exchange that operates from Hong Kong and does not ask for KYC verification from its users. As of now, PrimeXBT doesn’t mandate KYC for US based users. The team has put together an extensive self help and FAQ section which is there to help users understand what all the different features do, the products offered, and how to navigate the platform like a pro.

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The company’s foundation and evolution reflect its dedication to meeting the evolving needs of traders and maintaining a leading position in the competitive trading platform market. Additionally, PrimeXBT’s partnership program offers an excellent opportunity for individuals to earn lucrative rewards by promoting the platform to others. Trade Crypto, Indices, Commodities and FX with up to x1000 leverage, allowing you to maximize your profit potential and earn from both rising and falling markets through CFD contracts Contract for difference. The company’s foundation and evolution reflect its dedication to meeting the evolving needs of traders and maintaining a leading position in the competitive trading platform market. According to reports from PrimeXBT, many of its affiliates can earn thousands of dollars a month. Furthermore, the most important factor will be paying attention to how many places accept Dogecoin. Therefore, we’ve decided not to include our usual rankings for PrimeXBT in this review. Easily buy Crypto with Visa or Mastercard. Dogecoin also had the issue that it is one of many seemingly endless cryptos trying to grab your attention. Go to Settings > Security and enable Install from Unknown Sources if prompted. Despite the limited FAQ section, the platform’s live chat and email form provided quick access to a support agent. Khary Robinson is the Executive Chairman of Norbrook Equity Partners “NEP”, a holding company that acquires and operates privately owned businesses in emerging and niche markets. This places PrimeXBT more in line with the fees model of a CFD broker than a Futures exchange. 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. Good platform to learn how to trade. Originally launched as Bityard, BYDFi has evolved into a highly popular trading platform that appeals to both novice and pro traders. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. PrimeXBT, an online exchange supporting trading in cryptocurrency, commodities, forex, and stock indices, is not currently available for use in the United States. Or search for a confirmation email from. The Economic Forecast Agency has a different take on ETH’s market price in the future. To make a withdrawal to a new Account ID, users are first required to make a deposit with that Perfect Money Account ID,. Limit orders help avoid slippage and benefit from lower fees.