PrimeXBT Review

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. Ideological and political posts or comments are considered nonconstructive and off topic unless paired with analysis of political events and how they influence the market. Understand your risk tolerance and capital allocation. If the providers shared their success and failures openly it is generally a good sign. Regular checks and DDoS protection keep the trading space safe. By staying informed, traders can anticipate market movements and adjust their trading strategies accordingly. Information on the TradersUnion. 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. Open the downloaded file and tap Install to complete the installation. You can however use third party services that will allow you to convert Crypto to other currencies, including Fiat, which may then be transferred to your bank. Using the same Fibonacci extension of 1. Thanks to the TradingView integration, it offers more customization and charting functionality. Both charge a $5 fee that is significantly higher than the fees on Binance and Bybit. Once a customer has decided which trader they would like to follow, they will need to make sure the funds they want to copy trade with are in their main wallet, not the trading wallet. Withdrawal fees start at just $0. The platform is designed to make crypto transactions as straightforward as possible, offering seamless onboarding for new users. Because of this, it is not immune to outside influence from the Crypto world. PrimeXBT does not support spot or P2P trading, focusing exclusively on derivatives, which can be complex and unsuitable for inexperienced traders. After successfully connecting your account to the Telegram Bot, reaching out to our support team is straightforward. I have been a longtime user on Bybit and the user interface and rich trading platform and features have been amazing. Therefore, we’ve decided not to include our usual rankings for PrimeXBT in this review. EA Trading Academy does not hold registration as an investment advisor, broker, or dealer. Some products and/or services might not be covered by the Compensation Fund.

Recommended Steps for Additional Safety and Security

Yes, the money is always yours. On the PrimeXBT platform, there are three main sections which can be accessed in the header toolbar. Additionally, PrimeXBT’s partnership program offers an excellent opportunity for individuals to earn lucrative rewards by promoting the platform to others. We will review the best no KYC crypto exchanges and trading platforms, discover how to buy crypto with no ID verification, and understand the pros and cons of using such non KYC exchanges. Analyse the markets and make more informed trading decisions, with access to advanced charts and expert tools via out TradingView integration. Unlimited via Perfect Money. Once done, you will receive an email in the address that you have provided. Having said that, you can say the same thing about going long. Subscription request. Crafting a clear and comprehensive trading plan is crucial for maximising your success and minimising risks. Each method comes with its own set of advantages and limitations.

Forced Liquidation Definition

Yes, PrimeXBT provides a demo account feature that allows you to practice trading with virtual funds before risking real money. PrimeXBT supports direct crypto deposits with varying processing times: Bitcoin network transactions average 40 minutes, ETH and ERC 20 tokens about 4 minutes, and BEP 20 BSC blockchain and TRC 20 TRON blockchain tokens approximately 1 minute. Unlimited for verified users. Unrecognized or Partially Recognized PrimeXBT trader PH Jurisdictions: Crimea, Donetsk People’s Republic, Gaza Strip, Zaporizhzhia and Kherson, Luhansk People’s Republic. Yes, PrimeXBT and similar platforms often provide API access that allows you to connect your trading account to custom trading solutions, automate trading, or integrate third party tools and analytics. Scan the QR code with your device’s camera and get APK file.  » The CFD itself, however, even if based in, and settled in BTC, can represent any trading pair or instruments – for example, stock indices, commodities, forex, and other types of cryptocurrencies. The fees can differ based on the blockchain network or the payment processor used for the withdrawal. As outlined in our Phemex review, the cryptocurrency markets that can be traded without KYC include spot and derivatives, specifically USDM, USDT, and USDC settled contracts. By understanding the impact of PrimeXBT’s user base on the cryptocurrency trading market, traders can gain insights into market dynamics and the role PrimeXBT plays in shaping the industry. When making trades, the price prediction feature is a very useful tool.

Demo Account

Users also have the ability to email support at. Nothing on this Website is intended as a marketing or promotion of its services to citizens of the EU/EEA or the UK. Make purchases at primexbt. Fransiskus Febri Putra Dewa, O. I feel comfortable trading with PrimeXBT, I have no questions about this company. For example, if you are able to buy $10 for every $1 used as margin, the leverage is 1:10 for that transaction. Traders need to factor in slippage when setting their stop prices to ensure that unexpected price variations do not adversely impact their trades. My orders keep getting cancelled because the margin pool for BTC/USD is dried up. Withdrawal fees may apply. 本社所在地〒153 0052東京都目黒区祐天寺2 8 8 ロジックファクトリービル. Join 1M+ traders who choose PrimeXBT as their go to trading platform. You can either elect to use a link with your code embedded or to give your referrals your code when they are signing up. Bonuses can come in the form of deposit bonuses, fee reductions, or trading rewards. PrimeXBT has most of the standard order types as well as some protection orders. Our clients love how fast and simple our sign up is. Corporate Communication Structure and Transparency: The company does not share any information about its founder or current leadership on the official website. Limited Time and Usage: Many bonuses have expiration dates or conditions tied to specific trading volumes or deposits. All reviews, either positive or negative, are accepted as long as they’re honest. All you need to have is an email address and a password. While Cardano has shown a lot of promise and even has been used in various scenarios, Cardano is notoriously slow to develop. SD162, having its registered office address at IMAD Complex, Office 3, Ile Du Port, Seychelles. The exact rates for these fees can vary based on the asset being traded and current market conditions. PrimeXBT, in contrast to many other traditional brokers, specializes in offering CFDs trading on a variety of markets, such as indices, forex, commodities, and cryptocurrencies. The broker does not charge dormant accounts with an inactivity fee. Typically, users can deposit cryptocurrencies directly into their PrimeXBT wallets. You can set up additional Protection orders for any new Market, Limit or Stop order by clicking on the box Place Stop Loss/Take Profit in the order form. Like most exchanges and financial sites these days, PrimeXBT has full SSL encryption. 🌐 Discover all about PrimeXBT, its features, and future updates directly on their official platforms.

Is forex trading illegal?

That being said, Ethereum seems to be one of the major technologies of the future. Interest rates can vary from broker to broker, and generally do not add up too much if you are looking at short term trades. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. 3 billion fine for failing to comply with AML regulations. Copy trading, by its nature, is a feature that allows inexperienced traders to mimic the strategies of successful ones. Open the downloaded file and tap Install to complete the installation. Overall, I rank PrimeXBT in the middle of the pack. This is not something that we have seen on other charting packages developed by an exchange. High liquidity, aggregated from 12 leading sources in real time. However, when asked to ChatGPT, the AI predictions turned out to be extremely bullish than ours. This provides an opportunity for both experienced successful traders and followers to boost each other’s profit potential. For more information, read our Terms, Cookies and Privacy Notice Manage Cookies. The meme coin saw a $1 billion increase in trading volume on Wednesday this week and has become the first meme coin to cross the $2 line. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. This is the type of volatility that you are forced to sit through.

Orders

Yes, trading crypto is legal in the USA, but it is regulated by government agencies, and users must trade with regulated platforms. Returns or profits may be subject to capital gains tax. We respect your privacy while trading digital currencies which is why we do not require our clients to undergo KYC procedures, exposing personal information. The CFD has allowed traders to not only trade Forex but a multitude of other instruments as well. These products are not suitable for all investors. Moreover, PrimeXBT does not provide Virtual Private Server VPS hosting, which is necessary to achieve ultra fast order execution speeds. Third party providers Volet and Perfect Money are also available but add an extra step compared to direct bank transactions. As well as this, the exchange has a strong focus on privacy coins like Monero XMR. We’ve compiled the main ones. Traders should also consider their risk tolerance and trading goals when developing their risk management plans. Scan the QR code with your device’s camera and get APK file. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. Traders need to verify what additional charges may be waived by their financial institution. This site contains affiliate links to products/services. If you trade a great deal of volume on an exchange, then these fees add up on a cumulative basis. Akin to an apprentice studying under an experienced craftsman, there is a lot to be learned by studying the trades of a pro. If you do not see this then it means that you could be on a phishing site and should leave immediately. PrimeXBT uses the Maker/Taker model for its futures trading fee structure, and traders enjoy some of the lowest trading fees in the industry when it comes to derivatives. Overall, I rank PrimeXBT in the middle of the pack. Simply navigate to the BTC/USD pair and click « Trade. PrimeXBT offers margin trading of 7 cryptocurrencies, 51 forex pairs, 11 indexes, and 3 energy assets. Users are responsible for understanding the operational mechanisms and risks associated with automated trading systems before use. Additionally, a further 10% discount is available for paying using the platform’s native MX token. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Each market section on the platform has an area to input trade orders, specifying the amount and whether it’s a buy or sell order. No single entity, whether a government or a central bank, controls crypto transactions. We’re here to support your trading journey and ensure you have all the resources you need for a successful trading experience. Com are provided solely for informative/educational purposes.

Trading platforms Comparison with competitors

Active users across the world. You cannot trade primeXBT when you are in the US. Happy trading, and thank you for choosing us. Address:Suite 201, 2nd FloorThe Firs Cnr Bierman and Cradock Avenues RosebankJohannesburg2196. While some customer support agents have mentioned that the platform is working on establishing an insurance fund for customer deposits, there has been no official confirmation of this. Having professional crypto traders share their strategies has helped me. Unfortunately, I couldn’t find an easy way to make it full screen or at least to get it to an acceptable size. You can reach them at any time of the year, even during holidays and weekends. Liquidation is the automatic closing of all currently open positions at market price, if margin requirements are not maintained. KYC is optional on PrimeXBT.

BALEINE Affiliate Program

They helped me get my money back even though I’m a US Citizen who was able to open an account before realizing they don’t deal with US Customers. However, today I cannot trade on a regular basis on my own. The information on this website is for educational purposes only, and investing carries risks. Be sure to follow PrimeXBT on official social channels and to check back here at the PrimeXBT blog for more information on future app updates or new platform features as they are announced. 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. תהיה הראשון לדעת על ההצעות החדשות שלנו וההצעות הבלעדיות שלנו. The numbers in this chart are only illustrative and subject to change over timeRound turn commission. A withdrawal requested before 12:00 UTC will be processed on the same day. Here is a look at the margin requirements for the 11 supported indices. This can be appealing if you believe the price of the Crypto will rise. ApeX Protocol: Trade Crypto. PrimeXBT Five Core Takeaways. Guaranteed publishing with just a few clicks. For the Pros 👨‍💻: You can enable « one click » ordering if time is of the essence with the trade. PrimeXBT’s flagship trading station features advanced charting capabilities powered by the seamless TradingView, which helps day traders assess the prevailing market sentiment easily. PrimeXBT is a Bitcoin based margin trading platform. Trade Crypto Futures Contracts incl. Overnight fees are typically expressed as a percentage of the position size. 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. These details are then summarised on Schedule D of your tax return. By following and copying the trades of successful traders, you can gain insights into effective trading strategies and improve your own trading skills. Prime XBT Trading Services, S.

Updated Dec 12th, 2024

PrimeXBT is always looking to stay competitive. Great, now that we have covered a bit of head to head, let’s dive into each one a little more in detail. Even though PrimeXBT claims that you have all of the same functionality as the browser based platform, you still can never replicate the same trading conditions. It is possible to use third party services such as Coinify, Xanpool, or Paxful TC, which will allow you to buy BTC, ETH, USDT and USDC using your bank card, SEPA bank transfer, gift cards, etc. 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. This online Cryptocurrency Exchanges system offers Cryptocurrency Exchanges. One held for a longer time since the margin balance is both the account balance and realised P/L. PrimeXBT PTY LTD is an authorized financial services provider in South Africa with license number 45697 having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. However, there are some regions where PrimeXBT does not accept users, including. Based on strict cryptographic principles, Ouroboros offers a secure and long lasting method of authenticating transactions and creating new blocks. Here’s our verdict about PrimeXBT. Traders can easily set the leverage by adjusting the position size rather than adjusting the leverage level itself like the other margin trading exchanges. This means you can start with amounts that feel comfortable to you, keeping in mind the need to cover transaction fees and the margin requirements of your trades. I also tested the fiat withdrawal process, using Volet. Don’t have a single day free of learning their academical stuff. Most platforms require you to undergo a KYC Know Your Customer process, which includes submitting documents like a government issued ID and proof of address. Ensuring that your account is verified is essential for a secure and uninterrupted trading experience.