Comparative Analysis

As mentioned previously, you should choose the margin type that best fits your speculative trades or investments. All hot wallets are generated and secured by Microsoft’s Azure Key Vault. Reply from PrimeXBT Copy Trading. 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. Another fast paced trading activity is its one click and double click trading features found in its margin trading account. Join the community:📱 Discord: Discuss and get updates with the PrimeXBT community. Scan this code to download app. 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. It will come as no surprise that the steps to making money with Day Trading begins with finding the right strategy for you — one that you can stick to. Prime Technology Ltd is PrimeXBT’s Technology Provider. Definitely cheaper than trading on a chain, with gas fees on UNI not to mention regular fees. These aspects contribute to the overall user experience, but how do they measure up in terms of technical tools and resources. The file is verified secure by PrimeXBT. You will get a free, individual, BTC compatible, digital wallet when you register as a PrimeBit customer. There is the possibility of going “limit up”, or “limit down. The crypto market is known for its volatility, and numerous factors can affect ADA’s price. As a broker that’s always been client first, we worked hard to ensure we met them all. Trade cryptocurrencies, commodities, Forex, and major stock indices with ease using CFDs. PrimeXBT positions itself as a platform that offers advanced security and copy trading, among other features. When users activate a membership plan by depositing and staking COV, various levels of benefits, based on the amount staked, will be unlocked. Trading on margin, also known as leveraged trading, involves borrowed money that is used to trade a financial instrument, such as a cryptocurrency. Additionally, withdrawals to a bank card come with a hefty 5% fee. Here we’ll dive into the nuances, and ensure that crypto futures trading is explained to you. Surfshark’s cheapest subscription only costs $ 1. Spot trading involves buying and selling tokens you own, whereas crypto futures involves speculating on the future price of a cryptocurrency without owning the underlying asset, and often using leverage. It’s the most valuable resource we have. 🌍 PrimeXBT restricts services to specific countries, ensuring compliance with IP checks and residency confirmation during registration. While most cryptocurrency exchanges limit their trading options to just trading cryptocurrencies, users can easily trade Forex, Commodities, Stock indices, and more on PrimeXBT. I opened this long position with a tight stop loss.

Risk Management Strategies: Tips For Traders To Limit Loss and Improve Success

Bybit goes above and beyond, providing some of the most in depth analysis reports and tools free for anyone to access, so a tip of my hat to the folks over at Bybit for their selfless efforts here. PrimeXBT is a cryptocurrency platform that combines the functions of an exchange, an exchanger, and a platform for trading crypto derivatives futures and CFDs. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. They are registered in Seychelles and have offices in St. 05%, which is low in comparison with other exchanges. Covesting @PrimeXBT $cov pic. She has written around 30 analytical articles on cryptocurrency rate dynamics, reviews of financial companies and large joint stock PrimeXBT trading PH companies. These exchanges are suited for traders who want to leverage their positions and increase their buying power. Via the Main page, users can view.

PrimeXBT Affiliate program overview

Withdrawals can therefore take up to 24 hours to fully process. Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. It stands out as a dynamic trading platform, combining low trading fees with a wide range of tradable markets, with maker fees as low as 0. Yes, users can try PrimeXBT for free with a demo account that lets them try trading with virtual funds before investing. However, there is a list of countries that aren’t allowed to trade at PrimeXBT, due to local regulations. You also have the option to insert a referral code if you were given one more on this later. PrimeXBT charged me a withdrawal fee of 0. Shiba Inu was launched in August 2020 as a meme coin—and still sits at 2 in the meme coin rankings on CoinMarketCap. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. Josey natural A warm welcome to Josey natural, a convenient one stop shop for organic skincare and hair care products, 100% pure and natural essential oils at awesome retail wholesales prices. In the cryptocurrency futures trading section, 31 assets are available: the earliest blockchain assets Bitcoin BTCUSD, Litecoin LTC and Dogecoin DOGEUSD, large cap altcoin giants Solana SOLUSD, Cardano ADAUSD, Chainlink LINKUSD, GameFi tokens The Sandbox SANDUSD and Axie Infinity AXS, and so on. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. 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. These include 41 different cryptocurrency pairs with a max leverage of 200x and several forex/commodity assets with leverage up to 1,000x.

Reviews About PrimeXBT United Kingdom

When you engage in copy trading, you choose a specific trader also known as a strategy manager whose trades you wish to replicate. Trades and strategies can be shared across social media and strategy managers can manage their strategies through the “My Strategies” area of the platform. 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. Before you start using leverage in your trading, there are a few tips that you may want to take to heart before risking any of your hard earned capital. This surge reflects how quickly market sentiment can change in response to central bank actions. The platform is known for its user friendly interface, advanced trading tools, and high performance execution. In an op ed published with the Wall Street Journal, Munger argued that Bitcoin isn’t a currency, commodity, or security, but simply a form of gambling ” with a nearly 100% edge for the house. As the world’s second most popular meme coin, with a market cap of almost $19 billion, Shiba Inu $SHIB is a well established cryptocurrency. For instance, 10x leverage allows for even more significant gains compared to 5x leverage. Later in this article, we’ll explain how you can safely store Bitcoin. Crypto Futures and CFD Services on our inhouse platform are offered by PrimeXBT Trading Services Ltd PrimeXBT, a company incorporated and existing under the laws of Saint Lucia, with Registration No. Alternatively, traders can focus on currency pairs with favorable interest rate differentials to benefit from positive swap rates. This causes a slight delay in funds being available in the account. Hold your investments in a cryptocurrency exchange, custodian, or digital wallet until you’re ready to sell, making crypto trading a strategic and flexible endeavor. There are also a plethora of technical studies and indicators that can be used. However, it lacks spot, margin, P2P, and bot trading options, making it less suitable for inexperienced users. 005 BTC, signifying a potent approach in a short span. Plus, OKX has a fund to reimburse users if something goes wrong.

What are sites like PrimeXBT?

Securely store all the Crypto you buy in your PrimeXBT Wallet. Trades and strategies can be shared across social media and strategy managers can manage their strategies through the “My Strategies” area of the platform. Lowest fees: PrimeXBT offers some of the lowest fees in the industry, starting from just 0. Just make sure to do your own research, to confirm any information you may be receiving before making investment decisions. An additional benefit for PrimeXBT traders is the absence of fees for account deposits. I tested both versions and found that they offered a smooth trading experience without any significant compromises. Additionally, affiliate partners like financial bloggers and influencers might provide unique promo codes. A $100 investment in Bitcoin may seem like very little, but it is an excellent start to getting involved in. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. 05% trading fee for Crypto CFDs. Depending on the situation, you may wish to pay an exact amount, or a better price, for your purchase. The platform provides leveraged trading for various assets, with PrimeXBT Legit maximum leverage of up to 200x for cryptocurrencies and up to 1000x for forex and commodity assets.

Can US Citizens use PrimeXBT?

For withdrawals, BetChain maintains a commitment to fast and secure transactions. At this price, the Stellar lumens market cap is roughly $5M USD, based on a total supply of 50 billion XLM coins. Worldwide, except regions that forbid cryptocurrency derivatives margin trading. You can also sort markets by name and 24 hour change. For the latest information on the kinds of withdrawal fees charged, please check out their Fees page. I have worked with a lot of other crypto exchanges and they always bite a huge piece of my profit but here on PrimeXBT they charge only 0,01% for the maker and 0,02% for the taker fees. During uptrends, traders and investors become bullish and price moves sharply higher. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. The absence of PoR could be a significant deal breaker for many traders, as transparency is crucial when selecting a trading platform to trust with your funds. Additionally, fiat withdrawal times on PrimeXBT are notably longer compared to those of its competitors, making it less convenient for those who prioritize quick access to their funds. By following these tips and continuously improving your trading skills, you can use leverage on PrimeXBT effectively and optimize your trading strategy. These are hosted on AWS web servers which are known to be one of the best in the industry. This is because the actual login page should have a secure padlock in the browser. Stellar reached its highest price on Jan 4, 2018 when it was trading at its all time high of $ 0. Utilizing these strategies can help you reach a larger audience and drive more traffic to your referral link. Bybit is known for its robust cryptocurrency derivatives platform and offerings such as perpetual contracts, prioritizing security and customer service. Leverage is a powerful tool for professional traders but can cause significant losses if used recklessly. The exchange is registered in Seychelles and has offices in St Vincent and the Grenadines. However, neither one of these blockchains has managed to see massive adoption, so both are considered to be highly risky. Institutional adoption is driving the current bull market. Order blocks in Forex trading are like signals that reveal where the big players have made their moves. Diversify by copying multiple profitable traders to create a balanced portfolio of Strategies. The platform has gained popularity quickly throughout it’s first year due to it’s highly interesting mix of features that make it an excellent alternative. As PrimeXBT is not available in the US, this is not how to trade crypto futures in US. 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. PrimeXBT uses Cloudflare’s technology to protect itself against DDoS attacks while their in house security team conduct regular tests and implements measures to safeguard the platform. Tools here are more advanced and therefore more difficult to manage.

Fundamental Analysis

There are two types of advertising services on the website — direct advertising or partner broker participation programs. Common Complaints and Issues. The trend can also be exhibited in the short term. The service is easy to use and the learning curve is not steep. Top 10 African Brokers. By clicking Continue to join or sign in, you agree to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy. As you embark on your trading journey with PrimeXBT, explore the various benefits and bonuses available to enhance your overall experience. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. It is incredibly important to save this backup key as it will be required for you to reset your 2FA if your phone gets stolen or lost. After that, the English section “For Traders” will open, where there is a subsection “Education”. BC Bitcoin is a cryptocurrency broker based in Lithuania that launched its service in and offers individuals to buy and sell more than 24 cryptocurrencies. For added security, PrimeXBT allows you to lock the app with a passcode, fingerprint, or FaceID, in addition to their existing account security measures like 2FA. It takes just a few minutes to get started. Over the years, PrimeXBT has expanded its offerings to include traditional financial instruments like forex, commodities, and stock indices, further broadening its appeal. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. For those that don’t already own Bitcoin or simply want to purchase more to fund their PrimeXBT trading account, we have implemented a new alternative third party fiat payment gateway solution, CEX Direct. I found that funding fees on PrimeXBT were noticeably higher than on Binance and Bybit. PrimeXBT is a well known trading platform that provides access to various financial instruments, including cryptocurrencies, forex, commodities, and indices. Robinson studied economics at Georgetown University and graduated with honors, attaining a Bachelor of Science in Finance and Management. All content on coincodecap. While PrimeXBT receives a lot of praises, there are a few areas where users have expressed concerns or suggested enhancements. Chainlink’s decentralized oracle solutions have been widely integrated into various blockchain platforms and decentralized applications dApps. Most traders think there are only crypto assets but besides that you can trade forex, commodities, indices assets. No CFD trading fees, but watch out for spreads, commissions, and swaps. As a derivatives trading platform, PrimeXBT does not offer any spot markets. The platform’s commitment to compliance with international regulatory standards speaks to its reliability and trustworthiness.

About

PrimeXBT is an acceptable choice for day traders. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. Order blocks in Forex trading are like signals that reveal where the big players have made their moves. To delete your PrimeXBT account, you will need to contact customer support directly and follow their specific process, which usually includes verifying your identity and ensuring all open positions are closed and funds are withdrawn. This comprehensive guide for PrimeXBT traders has provided all the details needed when short selling Bitcoin. In the next section, we will summarize the key points discussed in this article and provide practical tips for making money on PrimeXBT. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Scan this code to download app. These fees are a critical component of the overall cost of trading and can impact your profitability significantly. The PrimeXBT desktop platform has a single mode that offers a range of advanced trading features and tools, which might be overwhelming for inexperienced traders. Practice disciplined risk management, control emotions, and start with small trades to gain experience without risking significant capital. For optimal trading, it’s recommended to use the web app for detailed analysis and the mobile app for monitoring positions and executing quick trades. A person from Russia wants to send some money to a friend in Mexico. I use data and warning lists published by regulators worldwide to analyze whether a brokerage is a legit entity. Please follow the links to each of our affiliated broker’s websites. PrimeXBT does not accept clients from the following restricted jurisdictions: The United States of America, Japan, Canada, Cuba, Israel, Iran, New Zealand, Syria, North Korea, Sudan, United States of Minor Outlying Islands, America Samoa, Russian Federation, Myanmar, Saint Lucia, Puerto Rico, Guam, U. Today, platforms are a dime a dozen, presenting its own unique set of challenges. Learn more about Baksta’s Legal Terms. It offers a professional grade trading environment with advanced features tailored for leverage and derivatives traders. The platform is designed to handle high trading volumes and maintain seamless operation even during peak market activity. Other restricted regions include Cuba, Israel, Iran, New Zealand, Syria, North Korea, Sudan, various U. No deposit bonus still available. Along with the main account, Bybit also supports subaccounts, which allow crypto traders to manage smaller separate accounts. Well, we are not really fans of mobile trading in general. A $100 investment in Bitcoin may seem like very little, but it is an excellent start to getting involved in. To open the account, you need to provide your name and email address.

How to Claim the Bonus 50:

Copy traders can earn up to 75% of the profits, while experienced traders can earn additional income by acquiring followers and sharing up to a 20% profit share from their strategies. Visit PrimeXBT to explore platform’s multiple trading assets, including up to 1000x leverage available for Forex. Sí, PrimeXBT está disponible para usuarios argentinos, ofreciendo una gama completa de herramientas y servicios de trading adaptativos para satisfacer las necesidades del mercado local. These processing times are unreasonably long, especially compared to competitors like Binance, Bybit, and KuCoin, all of which offer SEPA Instant withdrawals that process in less than a minute. Whether you want to buy or sell your crypto, you can do so through one of Coinbase’s two main platforms. Portfolio Clarity: PrimeXBT’s portfolio overview screen shows your total account balance and individual balances across trading, copy trading, and wallet accounts. In that situation, you are looking at the need for a stop loss order. 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. In short, PrimeXBT really cares about being a trustworthy place to trade. Next, we will explore the asset classes available on PrimeXBT. The developer, Prime XBT Trading Services Ltd. This trading strategy focuses on analysing the support and resistance levels. Perfect Money is an online financial service enabling instant payments and secure money transfers, ideal for PrimeXBT traders to fund their accounts with fiat currency. PrimeXBT is tailored towards seasoned traders who are adept at navigating complex trading environments. Copy trading, by its nature, is a feature that allows inexperienced traders to mimic the strategies of successful ones. However, it is active on most social media platforms, such as Twitter X, LinkedIn, and Telegram, posting regular platform updates and educational content from its PrimeXBT Academy account. And Canada and that weighs on our rating. The platform does not charge additional non trading commissions, such as account replenishment fees. Lily is highly skilled at identifying exceptional offers for pet related products and accessories. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. The cookie settings on this website are set to „allow cookies” to give you the best browsing experience possible. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Read next: Best exchanges to research in 2024. But does this design translate into an efficient user experience. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. This is where miners’ rewards are halved, even though the amount of work they need to conduct to mine a coin stays the same.

PrimeXBT Exchange Review 2021

Price Alerts: PrimeXBT does not offer custom price alerts, a common feature in the industry implemented by Binance, Bybit, and Kucoin. To understand how a Forex trade works, we will run through an example that is both profitable, followed by a loss. Don’t trade against the trend. Futures trading fees are at the lower end compared to other crypto exchanges, with a 0. Complete tasks and get up to $580. 05% for cryptocurrencies is also lower than that of many comparable CFD brokers, emphasizing its cost efficiency in the competitive market. This includes Polygon, Solana, Ethereum, Ripple, ApeCoin, BNB, Cosmos, and dozens more. In addition to trading, overnight financing, and withdrawal fees, PrimeXBT may charge other fees for specific services or account activities. 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. Ether Sees Significant Long Term Holder Accumulation Amidst 2% Price Dip. Because of this, it’s always possible that the ecosystem gets a “Killer app” that people will like. After that, multiply that by $1. In comparison, exchanges like Binance require only one confirmation for deposits using the TRC20 network. Its intuitiveness and simplicity provided a pleasant trading experience. Most traders think there are only crypto assets but besides that you can trade forex, commodities, indices assets. Like any other loan that you take out, you will have to pay back any of the money that you have borrowed plus interest. Register and join our community with millions of traders from all around the world. No further verification is necessary to fund your account. The exchange is anonymous and does not require KYC or AML checks, although it reserves the right to conduct verification in certain cases. Org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Users can narrow search results using the filter options and make a PDF copy of the report by clicking ‘Statement’. You can diversify your portfolio with various asset classes, including stock indices, commodities, forex, and metals. If you invest in Cardano, you are voting with your wallet about the ecosystem’s future and whether it will be viable. Alternatively, if you want a more risky trade, you can go ahead and open a larger position. PrimeXBT offers leveraged trading of up to 100x on some assets.

ZamanSaylan

Therefore there is no way to access the funds held there. EUR/USD, NZD/USD, GBP/USD, AUD/USD. We offer a range of trading bonuses, as well as discounts on fees, on both CFD Trading and Crypto Futures trading accounts. However, if you’re completing the leveraged position within 24 hours, then you don’t have to pay any fee. Conclusion: Although the interface and functionality of PrimeXBT may seem complex at first glance, the exchange provides a good opportunity for gradual immersion into the world of crypto trading. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. The responses were fairly detailed but lacked accuracy in addressing all queries. You also have pretty extensive order options which is more than we have seen on other trading mobile apps. In an op ed published with the Wall Street Journal, Munger argued that Bitcoin isn’t a currency, commodity, or security, but simply a form of gambling ” with a nearly 100% edge for the house. There is also no news of hacks and funds being stolen from the crypto exchange. 0005 BTC, while Ethereum is 0. The exchange has pages in popular social networks: Instagram, Facebook, Twitter, as well as on YouTube, Reddit, and Discord. The quickest way to reach customer support is through the 24/7 live chat accessible from the trading platform. The platform must also include a variety of trading tools, charting software, and exposure to several assets under one roof. Since PrimeXBT is solely a derivatives trading platform and does not offer spot trading, it has not been reviewed by many of the trusted ranking websites we typically rely on. It seems that this broker is higher level than platforms I have traded on. Potential for Long Term Growth: Cardano has a sizable fanbase thanks to its underlying technology and distinctive characteristics, like its layered design and peer reviewed process. However, the lack of fundamental value, regulatory risks, market turbulence, and competition from other cryptocurrencies significantly challenge Dogecoin’s future growth. The default setting for perpetual contracts is 20x. Once this level is reached, the stop loss order is triggered, and an opposite order of the currently open position is made to close it out. It serves clients in over 150 countries and has over 100 trading assets available. Scan the QR code with your device’s camera and get APK file. I want to start trading on PrimeXBT. Margin trading can also work as a risk management strategy by putting less capital on the line than what the position would otherwise normally require for capital. ETH price has changed by 1. KYC is optional on PrimeXBT. Two companies are behind the Brand PrimeXBT : PrimeXBT Trading Services Ltd, Prime Technologies Ltd.

Joaquin Lopez

Bug Bounty Program: PrimeXBT does not currently have an active bug bounty program. Yes, trading fees typically include spreads, commission fees, and overnight financing swap fees, depending on the asset and platform. Elevate your trading with PrimeXBT’s margin trading accounts, offering key features that set it apart. Today’s copytraders scan through individual traders’ profiles and see their investments in real time. The global currency markets are run by a group of banks and other organizations known collectively as the “Interbank market. Customer support is accessible through live chat and email, with generally quick response times. 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. It is cool to trade through a single account crypto futures and other traditional financial assets like forex, commodities and so on. Com so we can investigate your withdrawal issue and assist you in resolving it as quickly as possible. Thisproactive move reinforces the platform’s commitment to providing anexceptional, cost efficient trading experience that maximises traderprofitability. Prime XBT Trading Services, S.

Онлайн букмекер 1хБет

This unparalleled access empowers traders to diversifyportfolios, seize opportunities across asset classes, and mitigate risk througheffective hedging. By understanding the nuances of different types of stop orders, factoring in market volatility, and adopting strategic approaches to setting sell stop orders and prices, traders can harness the power of these orders to enhance their trading endeavors. Reply from PrimeXBT Copy Trading. PrimeXBT does not require KYC Know Your Customer verification for its users. During the month of October, we are giving 10 traders a scarily generous $1000 trading bonus. 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. Pearce currently serves as the Chief Executive Officer of Norbrook Equity Partners Limited. @ 2018 2024 Crypto Adventure ®. PrimeXBT is not a tax agent and won’t provide financial information to third parties unless required by government authorities. I share my trade strategies and results on twitter @mhshiew. Additionally, you can choose to receive email notifications for logins and liquidations. Receive the latest news and stay informed. When it comes to approaching the stock market, there are so many different options across so many different countries, and.

Worse

With support for multiple cryptocurrencies and instant fiat deposit options, PrimeXBT ensures that traders can quickly and easily fund their accounts to start trading without delay. The provided educational materials do not constitute professional advice in any area, including investment, financial, legal, or tax. 001 BTC, by trading with leverage on PrimeXBT you can turn that 0. In this case PrimeXBT’s Covesting Module allowed not only those followers of Satoshi Bets to profit from his incredible run, but the trader himself managed to pull $1. All you have to do is navigate to the security settings, scan the QR Code, store the backup key, and that’s it. This strategy capitalizes on anticipated market rise. There is an extensive range of assets that you can trade there. Nothing on this Website is intended as a marketing or promotion of its services to citizens of the EU/EEA or the UK. We’re happy to hear that you appreciate the high leverage and low commissions. PrimeXBT is an unregulated exchange and, for that reason, it is recommended that users do their research and exercise caution before using it. 🌎 PrimeXBT Official English Speaking Community PrimeXBT is an all in one platform for all your trading needs. For USDT, USDC and COV the withdrawal fees vary depending on the network used. We also tested the trading functionalities by exploring different trading pairs and conversions and assessed the associated fees for transfers and withdrawals. It appears to have a lot of the same functionality that you have on the desktop platform. However, if you’re experienced, you’ll likely appreciate these features, though the limited number of available markets, especially for niche altcoins, might be a drawback.

Check out our reviews of other companies as well

It takes just a few minutes to get started. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. $2,000 by bank card. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. This also allows the ability to lend and borrow without third party costs or interference. From the start, it’s worth noting that PrimeXBT is not a regulated or licensed exchange. PrimeXBT has been growing in popularity as they attempt to take on some of the more established Futures and CFD brokers that operate in the space. Understanding these key drivers can provide valuable insights into potential price movements. You can build out your own workspaces that you can access at the top of the platform. In addition, traders can benefit from fees based on maker and taker fees that range from 0. Our platform is dedicated to providing you with up to date educational resources, expert opinions, and a wealth of information to guide you in understanding the complex landscape of finance. 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. «Revenge trading», or trying to make up previous losses quickly, is one of the most common ways to blow up an account using leverage. While withdrawing to a bank card is the fastest and most convenient option, the extremely high fees are a major drawback. We work with top providers like Fireblocks for cold storage, as well as insuring your funds. This allows users to fund their accounts without incurring additional costs, making it easier to start trading. There is a long list of requirements to become a full fledged Member of the organisation. Lucia, while Prime Technology Ltd, which is the technical provider for the PrimeXBT platform, is registered in Seychelles. Returns or profits may be subject to capital gains tax. Turbo’ section consists of 2 main parts: Turbo account interface and the Turbo statistics bar. It has over 1 million users. First of all, we need to recognize you as our customer, for this purpose you can contact our support team. To manage risk effectively on PrimeXBT, set stop loss orders to limit potential losses, determine appropriate position sizes based on your risk tolerance and account balance, diversify your trading portfolio, use leverage responsibly, and evaluate the risk reward ratio of each trade to ensure potential returns justify the risk taken. In order to take advantage of Bitcoin Cash and start investing and trading in cryptocurrency, it is worth looking for a platform that suits. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. PrimeXBT’s focus on functionality makes it ideal for traders who require advanced tools and features to implement their strategies.