Trading Contests

It offers up to x200 leverage, a user friendly interface, and is complemented by the copy trading service offered by the company. The cons of PrimeXBT include a lack of regulatory oversight, as it operates without a formal regulatory framework. In addition to less common pairs like USD/SGD and EUR/NOK, traders can trade popular pairs like EUR/USD, GBP/USD, and USD/JPY. Our process included signing up, completing the KYC Know Your Customer verification, logging in, depositing funds, and making withdrawals. Use correct spelling, grammar and punctuation. Who wants to trade when you can only go long or go flat. Be sure to follow all instructions carefully to ensure nothing goes wrong. Japanese candlesticks are a helpful tool for analysts, and contain a variety of information. With a strategic approach and a dash of patience, Ethereum has the potential to be the spark that ignites your financial future. 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. All the services on the Tradersunion. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. While the immediate connection to an agent is comparable to exchanges like Kraken, competitors like Binance provide more comprehensive and accurate responses. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. Areas for Improvement. Additionally, PrimeXBT hosts weekly trading contests. They are fairly new to the market when compared to other online brokers but already manage quite a reputation. We work with top providers like Fireblocks for cold storage, as well as insuring your funds. Ethereum is among the most interesting pieces of technology ever to exist and has garnered the support and interest from some of the best and brightest entrepreneurs of the tech and finance industries. You can open an account and start trading with just your email address. The company’s website has a table showing swaps for all cryptocurrencies. Also you can trade more than a 100 assets and their spread is as low as 0. Unlimited via Perfect Money. These services ensure that traders can use the platform effectively while complying with local regulations. The EUR/USD pair is a popular currency pair to trade in the. This period coincided with the peak of the MEME season, establishing Dogecoin as one of the top performing cryptocurrencies, delivering substantial returns throughout 2021. 🚀Visit PrimeXTB Account Trading. This was indeed also our experience.

Trade your favourite marketsTrade your favourite markets

It’s imperative to conduct thorough research, understand the inherent risks involved, and only invest capital you can afford to lose. The first step in shorting Bitcoin is to do your analysis. For our trading test, we thoroughly evaluated the PrimeXBT platform. Only for verified users. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. Risk Warning: Before using this website or its services, you should review all relevant legal documentation. Bone BONE – a governance token designed within the ecosystem made to be used in the Shibarium to reward validators, that stake their coins. There are also several innovative products and services, such as PrimeXBT Turbo, and the copy trading module. Our clients love how fast and simple our sign up is. Reply from PrimeXBT Copy Trading. Once you choose a trading strategy, you’re almost ready to place your bet on Bitcoin. In PrimeXBT, you can choose a trader and subscribe to his trades to earn without effort, or you can open your own trades for copying and thus also receive additional profit. It involves printing out or writing down a private key on paper for safekeeping and future access to the wallet. Disclaimer: Our ranking system and methodology are designed to evaluate advanced trading platforms. Best regards,The PrimeXBT Team. PrimeXBT Trading Services, S. PrimeXBT offers 24/7 customer service in 15 languages via live chat and email. PrimeXBT offers the world at your fingertips, as the various instruments offered will allow the trader to take advantage of global trends, correlations between markets, and a whole host of opportunities. Users are able to engage in both cross margin and isolated margin futures activity. The $100 bonus was credited instantly after transferring funds from our wallet to a trading account. The broker keeps client funds in segregated accounts and ensures negative balance protection. This minimized my losses and still only cost 0. These features make spot trading on PrimeXBT both user friendly and efficient, allowing traders to make well informed decisions and manage their portfolios effectively. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. The platform offers high leverage, enabling various trading strategies, all supported by an advanced platform with TradingView integration for in depth technical analysis. PrimeXBT’s advanced trading tools, such as customizable charts, order types, and risk management tools, enable traders to customize their strategies and manage their risks effectively. Please reach out to our support team at. The company states that they perform routine audits and checks on the platform, highlighting that the company takes appropriate safety precautions.

What Can You Trade With PrimeXBT?

Management fees are charged by strategy managers for managing the strategy, performance fees are based on the profits generated, and standard trading fees apply to trades executed within the Covesting module. I have no bonus found. Risk Warning: Before using this website or its services, you should review all relevant legal documentation. 17 years helping Canadian businesses choose better software. 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. For example, there are a number of customization options which allow users to alter the appearance of the charts. Free $10,000 Practice Account. 12 milliseconds on average. The broker does not charge handling fees for payments; however, third party processing fees may apply. The live chat feature within the app allows users to get instant assistance from the support team. Yes, standard trading fees apply to trades executed within the Covesting module. Use the button below to log in to your account or register. By clicking Continue to join or sign in, you agree to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy. Navigate to the asset you want to deposit, and you will be shown a screen with your crypto deposit address. Swap rates on leveraged overnight positions are the start trading with PrimeXBT most ignored trading costs. The spread, or the bid ask spread, is the difference between the sell bid and buy ask prices of an asset. The more useful and efficient the network becomes, the more likely it is that POL ex MATIC price will rise. PrimeXBT does not accept clients from the jurisdictions listed in the Company’s Restricted Jurisdictions List. I have broken down the available analytical tools and chart configurations below. SourceForge ranks the best alternatives to BingX in 2023. In terms of funding an account, there are no fees that are applied to inward payments. So far, I have no complaints about my experience with Prime XBT.

Archives

Primexbt crypto platform is 10/10. It’s possible, but it will probably not have a massive future. Personally, I secured my account using Google Authenticator and FaceID on my phone, and the setup process was quick and straightforward, taking just a few minutes. If you have further concerns or suggestions, please don’t hesitate to reach out at. The absence of third party materials, such as those provided by Trading Central or Autochartist, limits the broader market perspective available to clients. Additionally, PrimeXBT supports third party payment providers such as Volet and Perfect Money. Through compatibility with the Ethereum Virtual Machine EVM, PlutoChain could allow Ethereum based DeFi apps to transition smoothly onto Bitcoin’s network. Buying crypto through OKX results in some pretty hefty fees, half of it probably going to the third party payment providers charging for the service. No incidents reported. This is where the concept of margin comes into play. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Overall, PrimeXBT offers a comprehensive trading platform with a wide range of assets, leverage options, and competitive fees. Dear Quang,It’s great to hear that you’re taking advantage of the stable Bitcoin prices to trade with leverage on PrimeXBT. When trading Cryptocurrencies, first and foremost be certain to select a reputable trading platform, choose the right Crypto assets, and use the tips outlined in this guide. Our Currency Converter uses live rates to provide you with the most up to date conversions. Each instrument trades differently, and if a trader is experienced with Bitcoin trading, why not leverage the experience from someone who is an experienced forex trader. Reply from PrimeXBT Copy Trading. Completing the verification process involves submitting personal information and documentation. All transfers are executed manually, once our team checks all transactions for risk scoring, money laundering, suspicious trading activity, and other patterns. Embedded order book is useful too. Many traders are actively seeking alternatives to platforms such as BitMEX and Bybit.

Social and Copy Trading: Perfect Match

You’ll gain valuable experience navigating the Crypto market without a significant financial commitment. Bug Bounty Program: PrimeXBT does not currently have an active bug bounty program. The charting platform on Bybit is powered by the insanely powerful and popular Tradingview, which has become the industry gold standard for technical analysis traders. This summarized statistics are based on the information of markets and exchanges registred at Coinhills. Stop Loss Orders: The stop loss order is the automatic closing of a position when the market turns against an investor. Use of Scripts and Expert Advisors: Expert Advisors, programs, or scripts demonstrated within the website are for educational and demonstration purposes. So a 100x leverage means that if you have 1 BTC, you can trade up to 100 BTC. Let’s say you use $1,000 of margin to borrow and sell $5,000 worth of Bitcoin futures using 5x leverage. We’re pleased to hear that you found the account creation process simple and the payment transactions instant at PrimeXBT. I found its longevity impressive. Despite operating without official regulatory oversight, it has put strong security measures in place to safeguard traders. However, if traders are to withdraw funds from the exchange then they may have to pay an arbitrary miner fee in order to propagate the transaction these are standard across the industry. PrimeXBT is one of the rare brokers with two margin call thresholds 16. With advanced trading tools and a user friendly interface, PrimeXBT is a popular choice for both novice and experienced traders seeking to profit from the highly volatile crypto markets. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. 0001% for Forex, Indices and Commodities. This comparison highlights the platform’s capabilities and how it stands out in the market. The platform delivers quick agent connections, but the clarity and attention to detail in their responses were sometimes lacking. TIP: Check out Coin Bureau’s PrimeXBT vs OKX Analysis. The trading platform only has a few trading instruments. Whether you’re a seasoned trader or just starting your crypto journey, Uphold offers a comprehensive platform to manage your assets and explore new opportunities. In this form of trading, you can leverage short or long. Most Forex traders don’t take actual delivery of currency that is bought or sold. The spot market can only be bought, and you also have no shot at leverage.

Option 2: Limit Order

For example, in addition to going long or short on more than 80 different trading instruments, users can also access 24/7 live customer support chat or toggle security or account settings. As spring rolled around in 2017, Dogecoin hit a home run in terms of value, scoring a price of $0. PrimeXBT is a well established CFD exchange that offers the ability to trade various assets, including crypto, stocks, forex, commodities, and indices, making it a popular platform for different types of traders. Scan the QR code with your device’s camera and get APK file. Key features such as copy trading and trading contests add to its appeal, while its lucrative affiliate and referral programs set PrimeXBT apart in a competitive market. They were also quite knowledgeable so it shows that PrimeXBT has not palmed their support function off to some offshore location with people who don’t know what they are talking about. Following the success of other exchanges that launched NFT marketplaces, Bybit was not going to let themselves be outdone and now offer a platform for NFT enthusiasts. To share your Trade link, go to the ‘Trade history’ page of your Margin account. LinkedIn and 3rd parties use essential and non essential cookies to provide, secure, analyze and improve our Services, and to show you relevant ads including professional and job ads on and off LinkedIn. However, insurance coverage is still rare within the crypto industry. Things could soon change for Litecoin, however, as Bitcoin gets much more expensive by the day, and Litecoin remains relatively affordable by comparison. Required margin = Value of the trade / Leverage. This means that your account ties into their trades and executes the same trades. Compare the markets and instruments offered by PrimeXBT and its competitors. Additionally, there is no Lite version, making it challenging for new or inexperienced traders, as the advanced features can be overwhelming. We encourage you to seek financial advice from an independent financial advisor where appropriate and make your own inquiries. PrimeXBT’s Copy Trading product is powered by Covesting, whom they previously worked together in providing the Earn product that looks to have been discontinued. 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. Select the strategy you like and start copying. It’s crucial to review these conditions before applying a promo code to ensure that you are eligible and can fully benefit from the promotion. I say, look at the blockchain.

Select a Country

Information on the TradersUnion. Continuous learning and adaptation are key to staying ahead in the dynamic world of trading. To answer this question, it is important to understand if you are the right person to hold XRP and to trade it — to see if the coin suits your needs and wants. Yet, the ease with which one can leverage these trading opportunities remains uncertain. However, depositing or withdrawing fiat currency will require KYC identity verification. Discover effective trading strategies to enhance your trading skills and profitability. Furthermore, a stop loss order allows you to define your maximum risk ahead of time, enabling you to practice proper money management. You can deposit any amount that would be sufficient to provide the required margin for your trades. Commissions are tiered, with payouts ranging from 20% for direct referrals to 5% for level 4 referrals. Welcome to the PrimeXBT affiliate program overview. Returns or profits may be subject to capital gains tax. If you are looking for the most user friendly platforms that are incredibly beginner friendly, I would recommend taking a gander at our Kraken and Swissborg reviews. Portfolio Clarity: PrimeXBT’s portfolio overview screen shows your total account balance and individual balances across trading, copy trading, and wallet accounts. Scan this code to download app. Best regards,The PrimeXBT Team. I really like their transparency as well as their customer support. After all, if you get a massive short squeeze, it takes a minimal risk to make quite a bit in return. To make a withdrawal to a new Account ID, users are first required to make a deposit with that Perfect Money Account ID,. By the end of 2024, XRP could potentially reach $0. Additionally, the platform provides one click and double click functions which is a feature not typically seen on many exchanges. Reply from PrimeXBT Copy Trading. As a rule of thumb, only keep the amount of cryptocurrency on the exchange that you need for active trades. 150 intermediate support. The first thing that you will notice about the platform is that it offers a large degree of customization.

ZamanSaylan

At the blue arrow, you can see that a protective stop loss order to sell would have saved you. PrimeXBT’s fee structure is competitive, particularly for active traders, with transparent trading and withdrawal fees that are in line with industry practices. Yes, our 4 level affiliate program will allow you to invite friends, family and others to try out the platform. PrimeXBT has developed a comprehensive mobile app that enables traders to place new orders, adjust existing trades, analyze price action, and access a range of educational materials. PrimeXBT integrates TradingView charts, which is a nice feature. The PrimeXBT Euro 2024 giveaway has concluded, and one lucky trader has scored big. Dogecoin is something that you need to be very careful with. The information on this website does not constitute, nor should it be construed or understood as an inducement or solicitation to engage in any investment or trading activity. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. It also does not allow direct setting of stop losses or take profits, requiring an additional step after opening a position. The price of the coin has the classic volatility known in the space, and many people are predicting its future to be better and to offer higher prices in the coming months, and years.

Joaquin Lopez

Trading involves risk. Oil trading is one of the most popular ways to play the global economy, as the oil market is considered. Information regarding past performance is not a reliable indicator of future performance. It takes just a few minutes to get started. If you do not have this then you may have to wait for up to seven days as the broker manually resets this. It easily integrated into my business. Dogecoin was created as a joke and named after a meme, but it still has a place in the Crypto market even today. Returns or profits may be subject to capital gains tax. While PrimeXBT offers significantly higher withdrawal limits compared to competitors like Binance and Bybit, the absence of key security and transparency features, such as Proof of Reserves, security audits, and insurance coverage for user assets, may be deal breakers for casual traders. 05% for trades and 0. Date of experience: February 20, 2024. Some products and/or services might not be covered by the Compensation Fund. This sense of security is crucial for me, especially when engaging in financial investments online. As for cancellation, withdrawals can typically be canceled only if they are still being processed and have not yet been confirmed on the blockchain. These services ensure that traders can use the platform effectively while complying with local regulations. A stop loss order is a risk management tool and added protection traders can apply to any long or short position. 01% for makers and 0. Lastly, you can’t rearrange or resize modules on the desktop platform. 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. The IRS treats Cryptos as property, which means they are subject to capital gain or loss, similar to stocks or real estate.

Worse

Are you an Apple user. Your $100 isn’t just buying a digital token; it’s an investment in the future of blockchain technology. Last but not least, many fraudsters look to exploit the new investors in the cryptocurrency market. It will also help you identify if you have accidentally landed on a phishing site of some sort. Additionally, PrimeXBT hosts weekly trading contests. This involves using tools to help identify technical indicators or price levels that signal when to enter and exit a position. PrimeXBT PTY LTD is an authorized financial services provider in South Africa with license number 45697. To understand how a Forex trade works, we will run through an example that is both profitable, followed by a loss. What’s even better is you can browse through an expert’s opinion on their service as a whole. Virtual Assets are high risk products, highly volatile, with fluctuating values. The platform, however, lets you fund the trading account with Bitcoin only. Reply from PrimeXBT Copy Trading. To redeem a coupon code on primexbt. This means that traders only need to put down 1% or 0. This can be done while enjoying some of the best leveraged trading conditions in the industry. If you provide a strategy for copying. Each pair consists of a base currency and a quote currency, with the base currency being the first in the pair and the quote currency being the second. Attend exclusive PrimeXBT events, network with other clients and learn new skills. Once they register using your link and start trading, you’ll start earning commission based on the fees they pay. 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. Here’s a quick overview. 5 billion, taking its total holdings to 402,100 bitcoins. This lack of transparency is concerning, especially since most leading cryptocurrency exchanges began providing PoR after the 2022 collapse of FTX. I have no negative experience with using this platform because their customer service is excellent, except that they don’t have an API. While user reviews are not included in this article, it is important to note that feedback from users can provide valuable insights into the performance and usability of the PrimeXBT mobile app. Customer support is available 24/7 through live chat and email. Of course, this is a double edged sword and leverage can seriously hurt a trader’s account, appropriate risk management is a must. Keep in mind that you are gambling with your money and reputation when choosing an inexperienced fund recovery agency.

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In order to provide the best viewing experience, our site uses cookies. PrimeXBT is an acceptable choice for day traders. I may have to take things to a different platform if this applies to when I actually trade the size I want to. This section will guide you through the initial steps to get you started on PrimeXBT, a leader in the world of margin trading. Gemini offers 62 coins and 86 trading pairs which is larger compared to that of PrimeXBT’s crypto offering, and Gemini’s Gemini Earn product has far more staking selection and higher APY offered than PrimeXBT’s staking services and other financial services products currently offered. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. This method effectively measures the capability of customer support to assist both active traders and casual investors. Short selling involves selling an asset that you do not own with the intention of buying it back at a lower price in the future. In essence, if your losses exceed the amount of your initial investment the margin, the exchange will automatically sell your holding to recoup the money they loaned you. Swap rates on leveraged overnight positions are the most ignored trading costs. This has also opened new opportunities for new platforms to simplify various processes. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. However, Bybit offers 225 pairs for trading derivatives versus KuCoin’s 188. PrimeXBT is a quality broker for Forex and cryptocurrency traders. Basically, customers who choose to use this platform are on their own and do so at their own risk. It also provides a breakdown of individual crypto and US dollar balances. This provides an opportunity for both experienced successful traders and followers to boost each other’s profit potential. PrimeXBT is a global trading platform that was founded back in 2018 and has its headquarters in the Seychelles and St. The spread, or the bid ask spread, is the difference between the sell bid and buy ask prices of an asset.

MCB

Liquidation occurs when your position is automatically closed because the account balance falls below the maintenance margin requirement. The platform has futures on the most popular cryptocurrencies: Bitcoin, Ethereum, Ripple, Solana and others. Similarly, PrimeXBT only supports the same 5 cryptos for withdrawals BTC, ETH, USDT, USDC, COV. There is no difficult button to use. If the app is unavailable in your region, you can still access it through direct download from our site. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers. Plus we should note that PrimeXBT will strive to approve your withdrawals on the same day that you make them. I actually timed it correctly and got out of two long positions as it dropped. PrimeXBT is a well established CFD exchange that offers a wide range of trading assets, including cryptocurrencies, stocks, forex, commodities, and indices. 1M+ community members. The NASDAQ 100 Index is a market capitalization weighted index. As a decentralized exchange, PancakeSwap will never ask you for personal details and there’s no KYC necessary. As well as from unrecognized or partially recognized states: Gaza Strip, Crimea, Donetsk People’s Republic, Kherson and Zaporizhzhya oblasts, Luhansk People’s Republic. Cryptocurrencies should be considered either a short term trading asset or long term investment due to how high volatility the asset class is. The only challenge I am having now is trading futures which became unavailable in my location. You should use margin sparingly, at least until you are comfortable with the concept. The agent responded within 5 minutes, offering detailed answers to some questions while completely missing others.