PrimeXBT Copy Trading Reviews
However, it lacks depth and diversity. 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. 2024 00343, having its registered office address at PKF Corporate Services Ltd. She was also extremely polite and left me with a very positive overall impression. Dear Carlos,We’re delighted to hear that you appreciate the wide range of assets available on PrimeXBT, including forex, commodities, cryptocurrencies, and indices. It is integrated with PrimeXBT to enhance the trading experience. 05% commission applied to the raw spread. As far back as 2017 when the Dogecoin price was still at a meager $0. This website is owned by PrimeXBT PTY LTD. PrimeXBT offers a variety of bonuses and promotions for both new and existing users. In the world of finance, margin refers to the money borrowed from a broker that is used to take a position in various investments. These features collectively provide traders with the tools they need to execute their strategies effectively. Embedded order book is useful too. This leaves Volet and Perfect Money as the alternatives. And 11 tradable indices. The ADA price rose in early June 2022, with the upgrade expected at the end of that month, but fell in mid July as testing identified bugs that needed to be resolved before the hard fork could go live. In my experience, if you’re new to day trading, PrimeXBT might feel overwhelming, but experienced traders will appreciate the platform’s advanced tools and features, making it an ideal fit for seasoned traders.
Margin Impact
This fee applies to both market orders and limit orders. If there is a case where a trader exhausts their equity and the value of their account falls below a certain level, they will get what is termed a “Margin Call”. It also provides a breakdown of individual crypto and US dollar balances. The minimum deposit varies by asset, from $1 for Forex CFDs to $5 for commodities, making it accessible to traders with different budgets. Traders should check the list of supported and restricted countries and ensure compliance with local regulations before using the platform. The recent rise in AVAX is also related to ongoing ETF discussions, with some analysts believing that Avalanche is among the few cryptocurrencies that could receive ETF approval by 2025. Virgin Islands, Northern Mariana Islands, Crimea, Donetsk People’s Republic, Gaza Strip, Zaporizhzhia and Kherson, Luhansk People’s Republic. SD162, having its registered office address at IMAD Complex, Office 3, Ile Du Port, Seychelles. Bank Wire, Bitcoin, and Check. The marketplace offers NFTs with zero fees from the digital art, collectables, GameFi, Metaverse niches, and more. Discover the Best Online Casino Experience at Casino MCW in Bangladesh. You also have to have a target in mind before you put money to work. This means that your account ties into their trades and executes the same trades. 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. Reducing leverage and using more margin can help lower funding fees, which are higher than those of competitors. When using ÐApps, remember that your digital assets’ security is solely your responsibility❗️. KYC is optional on PrimeXBT. The fixed leverage is PrimeXBT GB high for me, so it’s difficult sometimes to avoid significant losses. They’ve introduced an affiliate program, allowing publishers to earn by promoting their services. The platform can handle various types of transactions currently, but the vision of Cardano is to become the “Internet of Blockchains.
What Is PrimeXBT?
The platform accepts various documents for KYC verification, including passports, government issued ID cards, residence permits, and driver’s licenses. One of the most attractive features of PrimeXBT is the ability to sign up without KYC or ID verification. US investors and traders are allowed to use Gemini with KYC compliance since Gemini is regulated and based in the USA, however as a result, Gemini offers no margin or futures products, but PrimeXBT does offer up to 100X margin, but US users are not allowed to use it as per TOS. The Changelly widget deposit process comes down to. Bonuses are awarded to new clients who verify their accounts and deposit $500 or more within 48 hours after registration. In truth, this company handles much more than just futures and copy trading; to learn more about it, check out our full PrimeXBT review. For a complete list of restricted regions, refer to Section 1. Consider these factors to decide if PrimeXBT aligns with your trading needs. PrimeXBT offers various promotions for both new and existing users, including a referral program, an affiliate program, and bonus rewards for users.
Uphold
Additionally, taking advantage of leverage can be an effective way to amplify your gains on Primexbt. The broker also provides platform tutorials on its YouTube channel. Maker fees are charged for adding liquidity to the market with limit orders, while taker fees are charged for removing liquidity with market orders. Below is a comprehensive list of all the deposit methods available to users on the PrimeXBT trading platform. Throughout this article, we’ll explore the mechanics of leverage trading and how it works in the Crypto world. EToro is a multi asset social trading platform. At PrimeXBT, we’re committed to empowering your trading success. Date of experience: October 25, 2024. PrimeXBT has a refreshing approach to fees in terms of simplicity, keeping things easy. Asset coverage is one of the more impressive aspects of the PrimeXBT trading platform. This website is owned by PrimeXBT PTY LTD previously named Stack Advisory PTY Ltd a company registered in South Africa, with registration No. I also tested the fiat withdrawal process, using Volet. For instance, funding fees for BTC on Binance and Bybit were both 0. Brand operating since. This limitation restricts users from using payment methods directly supported by PrimeXBT, making it less convenient to deposit funds. 99% fee, not PrimeXBT. COV tokens can be picked up directly on PrimeXBT by exchanging BTC, ETH, USDT or USDC for COV or alternatively be purchased on KuCoin or swapped on Uniswap. Do you need special creatives or an article in your native language. It should also have risk management tools and be personalised to your needs as a trader. Register via this link. My account experienced a tripling of its value in an astonishingly short period, giving me hope for better times. All tradable instruments benefit from cost efficiency thanks to the competitive spreads on indices, commodities, and cryptocurrencies. Enter the withdrawal address of your Zengo wallet. Throughout my testing, the app performed smoothly without any bugs or glitches. You can also access over 50 markets by opening any account and mimic the trades made by some more experienced traders on the scene. 0 standard round lot.
Withdrawal Fees
PrimeXBT Trading Services, S. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. This transparency helps you choose a trader you’re confident in copying. © 2025 99bitcoins LTD,. Users appreciate the freedom to trade without submitting personal info, making it a favorite. For example, a long position on gold would generate profit as the price rises or incur a loss as it falls, all without the need to purchase actual gold bars. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Unlike buying an asset, you should have a target in mind at all times. This means your earning potential is enhanced with PrimeXBT. Their fees are typically less than $2. We have the fee breakdown for a selection of assets in the table below. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Link posts for self promotion and minimal interaction with the community will be removed. Its intuitiveness and simplicity provided a pleasant trading experience. 05% for cryptocurrency trades, 0. We’ll explore the key differences between spot trading and derivatives trading, along with the concept of leveraged tokens. Scan this code to download app. However, I found the lack of biometric authentication support on the desktop platform disappointing, especially considering that Binance offers fingerprint scanning on the desktop. 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. But here, it’s applied to finances. Overall, PrimeXBT is nowhere as near refined as the best crypto mobile apps. However, KYC verification is required for using any fiat services, such as depositing fiat or buying crypto with fiat. Active users across the world. After this information is added, it is now time to enter identity and payment information, which will be used to verify your identity and process the transaction on your credit or debit card. It costs more to execute a full sized EURUSD trade with PrimeXBT than with the typical STP broker. While such high leverage amplifies potential profits, it also heightens risks. Free $10,000 Practice Account. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Dear Samuel,Thank you for your feedback.
Transparency
It’s one of the best places to go for trading bots and copy trading, but at times the platform navigation made me feel about as lost as the mad hatter wandering around Wonderland. 12 milliseconds, reflecting a commitment to executing trades promptly. PrimeXBT Trading Services LLC is not required to hold any financial services license or authorization in St. The exchange has deep liquidity and near instant trade execution. Users can track their active orders and open positions, ensuring they are always aware of their current trading activities and can make informed decisions on the go. With that said, please be aware that cryptocurrencies are already extremely volatile, and we can’t in good conscience recommend trading cryptocurrencies with margin/leverage. In order to service their current payments and withdrawals, they will also need to run a “hot wallet,” but only a limited number of coins are kept in this state. That being said, it comes down to whether or not you use proper money management and have a set trading plan that has proven to work. It offers a variety of features for its users, and, most importantly, it’s a place where traders can engage in different markets. Making a Deposit on PrimeXBT with AdvCash. 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. As with any trading tool, stop orders come with their own set of potential pitfalls that traders must be aware of. Here is a look at how simple it is to be a trader or follower on Bybits copy trading platform. Always check the details of the coupon to ensure it’s still valid before trying to use it. These cookies are necessary to the core functionality our website and some of its features, such as access to secure areas. The platform provides a variety of free deposit options for both crypto and fiat. You can open an account and start trading with just your email address. The marketplace offers NFTs with zero fees from the digital art, collectables, GameFi, Metaverse niches, and more. PrimeXBT’s trading platform boasts an impressive 99.
Risk warning
It’s also where you access your margin trading, turbo predictions, and covesting strategies features. June was yet another challenging month for the Crypto market, giving credence to the old adage “sell in May and. If the prediction is wrong, the loss equals the pledged amount selected when making your prediction at the start. Although the absence of spot or margin trading is a drawback, PrimeXBT compensates by providing a comprehensive futures trading experience. The reviews seem quite similar for both apps, though it can’t be too bad as the ratings are average 3. Register via this link. PrimeXBT is our preferred platform for trading futures, because of its competitive fees, the number of markets it offers, and its user friendly interface featuring charting tools from TradingView. However, the market volatility results in a quick drop to the $0. The funding rate on Binance is calculated based on the difference between the perpetual contracts and spot prices. PrimeXBT offers mobile apps for iOS and Android, providing the same trading instruments. But my biggest peeve is the spread. Learn more about Baksta’s Legal Terms.
Step 2: Trading
Information regarding past performance is not a reliable indicator of future performance. Keep an eye on PrimeXBT’s social media for the latest offers. Fundamental analysis will allow you to determine the intrinsic value of Bitcoin. Go to the pool of traders and choose one or more traders whose strategies suit your needs3. From beginner guides to advanced trading tutorials, there’s something for everyone. Acquiring the skill of trading in the Forex market broadens the horizon for traders as it offers the chance to trade currencies of different nations round the clock. But cryptocurrencies often lack utility or a centralized authority that gives the asset value. Overall, the world’s second biggest meme coin—with a market cap 6x larger than the next largest, Pepe—should not be discounted by anyone. The provided educational materials do not constitute professional advice in any area, including investment, financial, legal, or tax. I’m still afraid to trade with big leverage ^ ^And that’s why I chose x5 isolated for BTCAnd taking into account the recent “rally”, I was able to earn good money. You should consider whether you understand how leveraged products work and whether you can afford to take the inherently high risk of losing your money. This necessitates effective risk management, especially for inexperienced traders, emphasizing the need for caution and responsibility when dealing with crypto futures. Profits and equity are settled in the base currency of each particular trading account. After completing this process, you can deposit funds into your trading account using the various payment methods supported by PrimeXBT. PRIOR TO TRADING WITH MARGIN YOU SHOULD CAREFULLY CONSIDER THE TERMS AND CONDITIONS OF THIS WEB SITE, TO THE EXTENT NECESSARY, CONSULT AN APPROPRIATE LAWYER, ACCOUNTANT, OR TAX PROFESSIONAL. PrimeXBT supports two factor authentication 2FA through Google Authenticator, ensuring an additional layer of security. However, the broker does not provide Islamic accounts for swap free trading. If a client makes a request to withdraw funds from a hot wallet, it means that a request is made to an automated system that signs the transaction and gets processed in a queue. Fast withdrawals in BRL can be done via Pix. This website is owned by PrimeXBT PTY LTD. For me, I would not deposit much money or any with an unregulated or unlicensed exchange. These assets may include cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Ripple, as well as traditional assets like forex, commodities, and stock indices.
Swing Trading: Acceptable Choice
Leveraged tokens provide traders with leveraged exposure to the underlying asset, but are far safer than trading with margin as there is a low liquidation risk where traders can blow entire accounts. Whilst my experience trading derivatives on PrimeXBT was positive, I was disappointed by the limited number of available markets compared to competitors like Binance and Bybit. This can be appealing if you believe the price of the Crypto will rise. Don’t have any Bitcoin and want to purchase to make a deposit. Overall, I rank PrimeXBT in the middle of the pack. This limitation restricts users from using payment methods directly supported by PrimeXBT, making it less convenient to deposit funds. In comparison, exchanges like Binance require only one confirmation for deposits using the TRC20 network. However, traders should be mindful of its temporary nature and any usage limitations. It offers a robust and versatile trading platform designed to meet the needs of traders across various experience levels. By having negative account protection, you know that you will never owe more than your initial deposit. But excluding private blockchains all transactions exist on a public ledger where anyone can view them, including your wallet details, using a blockchain explorer. Notably, there are no trust scores from CoinMarketCap and CoinGecko. This is something that you can get in your account management page under the “referral” section. The platform does not charge additional non trading commissions, such as account replenishment fees. Active users across the world. PrimeXBT provides several Forex account types, each designed with unique features to cater to various trading styles and experience levels. When exploring Kraken, you’ll encounter a user interface that highlights a balance between functionality and aesthetics. The main trading platform is actually pretty good, with intuitive menus and info that was easy to access, but the downside is that the trading chart itself cannot be made full screen or at least big enough to see the candles properly, without tinkering too much. In contrast, Zengo is designed exclusively as a secure, non custodial crypto and NFT wallet. Given the constant development of functionality and expansion of the services offered, PrimeXBT demonstrates the potential for further growth and improvement of its position in the cryptocurrency exchange market. Go to the settings section, select “Customize Interface,” choose your preferred layout and color scheme, and save your changes.
Supported cryptocurrencies
Remember, these deals are subject to change and may have certain restrictions. Bitmex has been around for longer but PrimeXBT is better. The EUR/USD pair is a popular currency pair to trade in the. We wanted to take the time to explain how PrimeXBT relies on entirely different security solutions to keep users’ funds safe and secure. The crypto market is notoriously volatile, and a trading plan can help you stay ahead of this volatility. Finally, Coinbase is a great option for beginners, offering a user friendly interface and strong security, though its fees are higher. By offering unmatched security, compliance, and a wide array of services, CEX. PrimeXBT is a crypto exchange that is not currently regulated or licensed, which raises safety concerns as it’s harder to ensure the safety of user funds traditional assets and transactions. Despite the corrections and potential top formation, Litecoin has a strong long term price trajectory and outlook that suggest that Litecoin potential is extremely high. The steps to activate it are straightforward. It could be a good long term investment. The platform provides CFDs for forex, indices, commodities, and cryptocurrencies, but this review focuses on Crypto Futures. The company is registered in Seychelles and serves clients in over 150 countries. This upgrade aims to enhance scalability, security, and cross chain functionality. Overall user satisfaction is a key indicator of the platform’s success and reliability. It should by now be quite clear that strategy in day trading is vital. In my opinion, this platform is gaining popularity in the crypto trading community. While we do our utmost to ensure that all our data is up to date, we encourage you to verify our information with the broker directly. These are professionally done and well presented. Prime XBT Trading Services, S.
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The products and services featured within PrimeXBT web and mobile apps are provided by different entities, registered and/or regulated in various jurisdictions. If a code is not working, it’s best to look for another one or reach out to the customer service of primexbt. As of the time of writing, the block reward stands at 12. Keeping things simple is PrimeXBT’s approach to account type and fees. It will also help you identify if you have accidentally landed on a phishing site of some sort. Security and Compliance:Coinbase has always been big on security with industry leading security protocols, including 2 factor authentication 2FA, cold storage for most assets, and multi party computation MPC to protect online assets, something that many other platforms don’t offer according to Kyle, our crypto specialst. From beginners with a standard account to seasoned professionals with platinum accounts, each tier is designed to provide specific benefits that enhance the trading experience. You can either elect to use a link with your code embedded or to give your referrals your code when they are signing up. This necessitates effective risk management, especially for inexperienced traders, emphasizing the need for caution and responsibility when dealing with crypto futures. PrimeXBT’s privacy based approach requires zero personal information, only a crypto deposit, so the capital that is deposited is all that is risked. Market Price and Order Entry. Additionally, PrimeXBT charges funding fees regardless of whether you go long or short, unlike other exchanges that rebate fees when trading against the market. You are depositing hard earned funds into an account and trusting the platform to keep those funds safe, therefore, it is critical to choose a trusted platform. It can be even more lucrative when trading BTC for altcoins and not just BTC to fiat pairs. The platform accepts various documents for KYC verification, including passports, government issued ID cards, residence permits, and driver’s licenses. Given the constant development of functionality and expansion of the services offered, PrimeXBT demonstrates the potential for further growth and improvement of its position in the cryptocurrency exchange market. PrimeXBT is one of the rare brokers with two margin call thresholds 16. PrimeXBT supports two factor authentication 2FA through Google Authenticator, ensuring an additional layer of security. To short on PrimeXBT, log in, choose the market, set parameters for a short position, and execute the trade by selecting “Sell. Welcome Offers and Sign Up Bonus: New users can receive a 100 USDT welcome bonus by depositing at least $500 within the first 48 hours after registration. No pumping this includes links to PnD pump and dump groups, encouraging users to join a PnD group or instructions to join one. However, the broker’s instruments offering is rather limited, and PrimeXBT does not offer any alternative to its proprietary trading platform. Minimum order sizes for all trading instruments are specified in the Tariffs and Conditions on the page. With a sleek and intuitive interface, trading from your smartphone is both easy and efficient. The PrimeXBT mobile apps have overall ratings of 4. You will receive the ownership rights to the digital currency you buy through an exchange.
5 0
Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. The platform is user friendly, making it easy to copy the trades of experienced traders. It is designed to appeal to both high frequency traders and those making occasional trades. Trade the Futures market with perpetual contracts on popular Cryptocurrencies like Bitcoin and Ether, with flexible funding rates and low Maker/Taker fees. The platform was founded in 2018, and from the very beginning, it managed to grow exponentially. To evaluate the quality of customer services for diverse user needs, we created a unique trading test. 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. Bybit does a fantastic job listing new and exciting project tokens quickly, often providing access to tokens quicker than many of the major exchanges. Many traders are actively seeking alternatives to platforms such as BitMEX and Bybit. The launch of the smartphone app is aimed to empower traders with heightened accessibility for effective management and simple surveillance of their investment portfolios at any time, anywhere they go. In an environment where security breaches can have devastating consequences, the platform’s commitment to robust protection measures is commendable. At PrimeXBT, we want you to succeed as a trader. It’s crucial to thoroughly research and understand the potential risks before investing in Bitcoin or any other investment. Date of experience: August 14, 2024.
Communication security with PrimeXBT
The broker is also active on the below social media and can be contacted via email –. Hello Zwelakhe,Thank you for sharing your experience. Celebrate Ramadan with an exclusive 14% Deposit Bonus, up to $7,000. The current market price per XLM coin is roughly $021. PrimeXBT is a perfect match for leverage and derivative traders due to its advanced trading platform and high leverage options. If the prediction is wrong, the loss equals the pledged amount selected when making your prediction at the start. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Additionally, there is no Lite version, making it challenging for new or inexperienced traders, as the advanced features can be overwhelming. I don’t know how old your article/review is but I suspect things are stacked against the trader here. Examples include the equitable distribution of non fungible tokens NFTs, gamification of personal savings, and adjustments to Cryptocurrency token supplies. This is impressively fast and means that traders are less likely to experience slippage. Note You do not own or have any rights to the underlying assets. Finally, a Fiat offramp would also be a hugely beneficial feature so traders could withdraw their winnings to a bank account. This extreme case highlights both the opportunities and risks of leverage trading. The table below provides an overview of the typical transaction fees for different asset classes on PrimeXBT. If this happens, the effects can devastate a whole day’s worth of trading, or even worse. The platform is designed for traders with a higher level of expertise, implying a steeper learning curve for novices. For one, Bitcoin was designed by the pseudonymous Satoshi Nakamoto, that is presumed deceased and had noble reasons for creating cryptocurrency that will be explained under the below concepts section. Want to buy Bitcoin outright or trade CFDs on Gold or EUR/USD. We apologize for any inconvenience this may cause and encourage you to explore other available withdrawal methods.
Country:
Whatsapp : 0812 3253 8082. Yes, spot trading is fully accessible via the PrimeXBT mobile app, allowing you to trade on the go anytime, anywhere. Futures and Options are very similar. The overall aim is to facilitate public understanding of blockchain technology and enable positive social impact through the open source Cardano protocol. Call options have a positive delta while put options have a negative delta. Whilst my experience trading derivatives on PrimeXBT was positive, I was disappointed by the limited number of available markets compared to competitors like Binance and Bybit. The ETFs have seen the initial pent up capital that has come in; what happens next could be vital in understanding the longer term demand outlook. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Additionally, the opinions expressed by the commenters do not necessarily reflect those of Bitcompare or its staff.