PrimeXBT Copy Trading Reviews

Established in 2018, PrimeXBT is an online global broker that allows you to trade popular cryptocurrencies, commodities, foreign currencies, and major stock indices. Robinhood has an ultra futuristic visual appeal, but for the extra flair, the platform passes on functionality and is very limited compared to PrimeXBT and eToro. 0 standard lot buy/sell position in the EUR/USD, at the average spread and holding it for one night in the PrimeXBT account will cost the following. We work with top providers like Fireblocks for cold storage, as well as insuring your funds. PrimeXBT offers various bonuses, such as deposit bonuses, fee reduction bonuses, and percentage based bonuses. PrimeXBT supports multiple languages, including English, Spanish, German, Mandarin, Japanese, and Arabic, among others. As a user interested in trading with PrimeXBT, you need to be aware that there are only seven crypto trading pairs. PrimeXBT and eToro are two prominent platforms in the cryptocurrency trading industry, each offering unique features and benefits. Currently, there is a limited time promotion where referrers can earn a $300 bonus if their referee registers, deposits at least $300, and makes at least 30 trades, reaching $500,000 in trading volume across crypto futures or crypto CFDs. Unfortunately, they do not have a dedicated phone line which you can dial in the case of an emergency. Though, where PrimeXBT is pretty cool is that they also offer forex trading, commodities like gold, silver, oil etc. Returns may be subject to tax. It is worth noting that Perfect Money charges the 1. Virgin Islands, Northern Mariana Islands. UP – the price of the selected asset will be HIGHER at prediction expiry. The platform accepts various documents for KYC verification, including passports, government issued ID cards, residence permits, and driver’s licenses. Lead by example and treat others as you would wish yourself to be treated. When using the system, users must have Ether in order to complete a transaction. PrimeXBT offers limited withdrawal options, especially compared to Binance and Bybit. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies.

Frequently Asked Questions

It serves clients in over 150 countries and has over 100 trading assets available. Aside from user friendliness, both platforms have incredibly high quality and high performing matching and trading engines with the order functionality and execution of a professional grade exchange. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. As with any cryptocurrency investment, diversification and a long term perspective are advisable strategies when considering XRP as part of a read more portfolio. The platform quickly gained traction in the cryptocurrency trading community due to its user friendly interface, competitive fees, and a strong suite of trading tools. Trade Crypto Futures Contracts incl. Let’s take XRP/BTC for example. It’s possible to lose all your invested capital. Instead of copying individual trades, you copy the algorithmic strategy behind the trades. PrimeXBT is not available for users located in the USA, there is no “PrimeXBT USA” option as there is with other platforms like eToro or Binance.

PrimeXBT Exchange Security

PrimeXBT’s research content is highly focused, with a strong emphasis on the crypto market and emerging trading opportunities in popular cryptocurrencies. Yes, there are withdrawal limits on PrimeXBT, which depend on the user’s account verification level. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Of course, the higher the margin is, the more funds you have to borrow, and that’s why fees will also cost more, and the liquidation price will be closer. You also have pretty extensive order options which is more than we have seen on other trading mobile apps. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. As previously mentioned, PrimeXBT offers its services to clients in more than 150 countries. Keeping the private key safe and scure is of the utmost importance. Bybit also uses SSL encryption, supports 2FA, and has insurance in place to protect traders in the event of liquidation posed by shortfalls in futures contract settlement.

Developing a leverage trading plan

The performance of the Crypto market as a whole, as well as key technological advancements, will play a significant role in shaping POL ex MATIC’s prices throughout the year. PrimeXBT Instruments: My Key Takeaways. These services are governed by the legal terms and conditions of PXBT. It’s often these assets that are extremely oversold that perform the best during the next bull market. To start interacting with PrimeXBT, you need to open an account on the exchange. For instance, minimizing overnight financing charges by closing positions within the same trading day can reduce your expenses. Always ensure to carry out due diligence. Traders should be aware of the risks associated with leveraged trading and exercise caution in their trading activities. Most online brokers try to provide options to customers in terms of accounts and our PrimeXBT review found that their service is no different. If there is some type of bullish impulse, it’s very likely that Stellar will struggle to get above $0. Here’s our detailed analysis of the futures trading experience. PrimeXBT supports two factor authentication 2FA through Google Authenticator, ensuring an additional layer of security. Information regarding past performance is not a reliable indicator of future performance. This primexbt review of mine is long overdue, lol. This article will cover everything from POL ex MATIC’s price history to detailed predictions for 2024 and beyond. However, it’s important to remember that leverage is a double edged sword.

Which platform has lower trading fees?

I initiated a fiat withdrawal to my Volet account, which took almost 18 hours to process. Information regarding past performance is not a reliable indicator of future performance. Leverage: Amplifies potential returns while requiring smaller capital investments. Go to Settings > Security and PrimeXBT canlı enable Install from Unknown Sources if prompted. Are you looking to buy Stellar Lumens XLM. It’s a great way to learn from others and get better at trading. My experience in depositing or buying crypto is just in the recent months. Leverage on PrimeXBT is expressed as a ratio, such as 1:100, which indicates the amount of borrowed funds compared to the trader’s own capital. In the period of 2017 2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. If you withdraw your funds from the account, any active bonus may be canceled. Technical specifications are the features of the network underlying a token. However, the platform does have higher fees compared to competitors like Binance and Bybit, which can cut into your profits. Double click trading: This feature enables traders to send new orders, cancel working orders, and close positions without confirmation, all with just a double click. Clicking the top left brings up a dropdown menu of all available markets, which can be sorted by asset name, current price, and 24 hour change. Our clients love how fast and simple our sign up is. Welcome to the PrimeXBT affiliate program overview. Leveraged trading allows you to magnify your potential profits when the market goes in your favor. “, “If you invest $100 in Ethereum today,” and “What happens if Bitcoin crashes to zero. As an active trader, I appreciated the inclusion of advanced technical indicators and the availability of high leverage. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. You set the stop loss order ahead of time, and the platform will do the rest.

How long do withdrawals take?

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. It can also be privately received from another user. “KuCoin: High Liquidity and Advanced Features for Traders” Tuot Nguyen Qui User. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. The TRON platform aims to create a worldwide digital content entertainment system that is free and decentralized, leveraging the concept. To increase your daily withdrawal limit beyond the standard amount, you must complete the account verification process. A lot of CFDs for your consideration. These addresses are known as whales. Lastly, you can’t rearrange or resize modules on the desktop platform. PrimeXBT supports two factor authentication 2FA through Google Authenticator, ensuring an additional layer of security. They are a fully anonymous exchange which can be advantageous for those traders that value their online privacy and would not like to send over personal documentation. In 2013 the Crypto saw its highest price yet, hitting an almost unbelievable at the time $1238. Disclaimer: Our ranking system and methodology are designed to evaluate advanced trading platforms. 2024 00343, having its registered office address at PKF Corporate Services Ltd. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. Copy trading is available to PrimeXBT customers looking to profit from the know how of seasoned crypto investors. Click the ‘Claim’ button on the bonus mission you’ve completed to add the bonus amount to your reward balance. Yet, the ease with which one can leverage these trading opportunities remains uncertain.

How does trading Crypto Futures using leverage work?

Since Dogecoin was launched in 2013, the coin has consistently outperformed Bitcoin in each cycle. Unlike Binance or Bybit, you can’t filter by category, but given the limited number of markets, this isn’t a major issue. PrimeXBT offers margin trading to enhance earnings. The concept is to anticipate brief term price fluctuations of different assets, including Bitcoin, Gold, SandP 500, Oil, and EUR/USD. PrimeXBT Trading Services, S. The following data may be collected but it is not linked to your identity. PrimeXBT provides copy trading through its Covesting module, allowing users to follow and copy the trades of experienced traders. Market Search: The dedicated “Markets” page allows you to quickly search for available markets, with filters for popular markets, forex, indices, commodities, and cryptos. Yet, the ease with which one can leverage these trading opportunities remains uncertain. The historical security record for PrimeXBT is commendable, with no known hacking incidents, suggesting a robust and reliable system. While PrimeXBT values its users’ privacy and does not ask for documentation, it may request identity verification of users in special cases. By following these steps and security measures, you can safely deposit funds into your PrimeXBT account and begin trading or investing on the platform.

Copy the pros and earn

2024 00343, having its registered office address at PKF Corporate Services Ltd. Getting started with Copy Trading is quick and easy, and only takes a few minutes. Prior to joining NCB, Mr. PrimeXBT only supports USD for fiat deposits and withdrawals, making it less convenient for users with other local currencies due to conversion fees. 05% flat irrespective of volume, and Binance offers further 25% reduction in fees if paid in BNB. The platform also has a mobile app. Unlike its larger competitors, PrimeXBT does not offer P2P trading. We’re pleased to hear that you find our client area convenient and like the features we offer, such as manual trading, crypto buying and holding, copy trading, and participating in contests. Khary Robinson is the Executive Chairman of Norbrook Equity Partners “NEP”, a holding company that acquires and operates privately owned businesses in emerging and niche markets. While it offers the allure of magnified profits, it also comes with amplified risks. Signals Blue much like other providers, uses a Telegram channel to send their signals and allows for Cornix a popular auto trading solution integration. 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. An AMM is an algorithm that calculates prices according to market supply and demand. Profits and equity are settled in the base currency of each particular trading account. Dash is one coin that has established itself as a mainstay in the cryptocurrency space and has been around for. For Followers, it’s an opportunity to automatically replicate successful trades, unlocking passive profit potential without actively participating in the market. Trade fee is incurred each time you buy or sell assets on the market i. To evaluate the quality of customer services for diverse user needs, we created a unique trading test. It is ideal to choose a platform that offers not only Cryptocurrencies, but exposure to traditional markets such as stock indices, commodities, forex, and much more. Perhaps the quickest and most effective way to get hold of their customer support is through the live chat that can be accessed right from the trading platform. Price Spread or Bid Ask spread is the difference between the Bid and the Ask price of an asset. You’re able to easily calculate the required margin using the following formula.

My Key Takeaways After Testing PrimeXBT on Mobile

For those considering PrimeXBT, it’s advisable to consult user generated platforms like Trustpilot for up to date ratings and reviews. Withdrawal fees vary depending on the cryptocurrency. Traders transacting between 300 and 600 BTC receive a 25% discount on the standard rates. For Direct Crypto Deposits. Designed with a research driven approach, Cardano focuses on the sustainability, scalability, and security of decentralized systems. Behalten Sie die Plattform und ihre sozialen Medien im Auge, um auf dem Laufenden über die neuesten Angebote zu bleiben und nutzen Sie diese besonderen Deals, um Ihr Handelspotenzial zu maximieren. It takes just a few minutes to get started. PrimeXBT provides a dedicated section for entering promo codes, typically found in the account settings or during the deposit process. According to CME Group’s FedWatch tool, as of May 9, there is a 97% chance of no rate cut at the Fed’s next meeting on June 11 12. This feature allows customers to automatically copy and execute the trades of leading traders who use the platform. As a new user, you can take advantage of the referral code CRYPTOAFFILIATE when signing up. Optional KYC and a demo account for practice are also available. Thus allowing traders to maintain control of their portfolio and to perform at the same level, using the same techniques, orders, and strategies, as they would if they were using their PC. PrimeXBT is a perfect match for leverage and derivative traders due to its advanced trading platform and high leverage options. No pumping this includes links to PnD pump and dump groups, encouraging users to join a PnD group or instructions to join one. This can amplify your potential profits, but also magnifies potential losses. It’s important for users to be aware of this fee when planning withdrawals, as it is deducted from the withdrawn amount. Before engaging with this website and the services made available through it, you should read all relevant Terms and Conditions, policies, and accompanying documentation which govern the Terms of Use of all PrimeXBT products and services. Create your free account or sign in to continue your search. Throughout my testing, the app performed smoothly without any bugs or glitches. Therefore, we’ve decided not to include our usual rankings for PrimeXBT in this review.

4 5

Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. However, PrimeXBT’s clients must also have active accounts with the other broker to gain access to it. In the fast paced world of cryptocurrency, delays can be a deal breaker. The file is verified secure by PrimeXBT. They are also imperative as a risk management instrument to limit losses especially when it comes to leveraged trading. Click Download and confirm the file download if you see a warning. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. It’s ideal for opening, closing, and adjusting positions, as well as placing market, limit, and stop orders while managing trade exposure. The strength of these levels and their trend lines will be determined if there is a high recurrence. ✅Proceed to the «Deposit» area after logging into your PrimeXBT account. The team has put together an extensive self help and FAQ section which is there to help users understand what all the different features do, the products offered, and how to navigate the platform like a pro. The first step in your trading career is to open up your first trade. 8k, shooting above 100k to a peak of 103. Unlike Bybit, which leverages Tradingview, PrimeXBT developed their own trading technology and interface that is robust and has plenty of features, with over 50 tools and indicators available for traders to access. The hack itself was rather simple. The claim is that PrimeXBT is designed to be accessible for users with varying levels of expertise in trading different asset classes. PrimeXBT operates in an unregulated gray area, lacking licensing from major financial authorities like the FCA or SEC. ImhoThat’s why I decided to trade here. We’re pleased to hear that you found the account creation process simple and the payment transactions instant at PrimeXBT. 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. Users can narrow search results using the filter options and make a PDF copy of the report by clicking ‘Statement’. 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. In this scenario, a 10% price increase would yield a $500 profit. We will now take a closer look at how trading on PrimeXBT works and the advantages and disadvantages of the platform. Oil trading is one of the most popular ways to play the global economy, as the oil market is considered. Standard order types such as market, limit, stop loss, and OCO can be applied to your short or long positions. Doctor Profit, a prominent XRP investor, has shed some light on a comprehensive report published by BloFin on the long term potential of XRP. Kim Chua – is a seasoned market analyst at PrimeXBT with a strong background in institutional trading. Over time, the Cryptocurrency began to be used as a way to pay for goods on the Dark Web, giving the Cryptocurrency its early start. Lastly, you can’t rearrange or resize modules on the desktop platform.

Want Streaming Chart Updates?

It maintains an active community across social channels and runs community events, which positions it as a more community centric platform. Of course, this also works on the way down as losses are also magnified. Click Download and confirm the file download if you see a warning. 01% taker derivatives fees. This is not just a platform for trading cryptocurncies. PrimeXBT’s referral program is your gateway to effortless additional income. By understanding how each bonus works, you can make informed decisions and maximize their benefits. By clicking Continue to join or sign in, you agree to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy. VIP users can access even lower fees, depending on their account level. Some traders will adjust the trade along the way, thereby ending up with a different target than when they started the position. One of the main selling points behind PrimeXBT is the fact that they have leveraged trading for a number of different assets. However, it lacks free withdrawal options, with existing ones incurring higher fees compared to most competitors. Join 1M+ traders who choose PrimeXBT as their go to trading platform. Select additional content. Yes, it will come down to your position sizing and how much leverage you choose to use. This thorough review process is designed to safeguard your funds but may lead to a temporary delay in processing your withdrawal until the assessment is fully completed. While it supports copy trading, the platform lacks automated trading functionality. While the platform’s advanced trading tools and customizable interfaces appeal to experienced traders, some novices may feel overwhelmed without proper guidance. Current forecasts suggest a cautious optimism, marked by expected volatility in response to international trade negotiations and monetary policies. At this point, the price will retreat to the trendline. Those phases of counter trend moves are called price corrections and can be measured with Fibonacci levels or determined using tools like channels and trendlines. If you’re new to crypto, spot trading, or DCA investing, PrimeXBT might not be the best fit due to its focus on advanced features like high leverage and CFDs, with limited fiat deposit options and no spot trading.

US dollar

Also, now that the ongoing lawsuit with the SEC has concluded XRP’s price could travel much, much higher. One of the biggest mistakes that a trader can make is to use all of their available leverage. This means your earning potential is enhanced with PrimeXBT. PrimeXBT users can buy, exchange, and transfer Crypto via the Main page,. EToro also supports a wide range of assets, including stocks, ETFs, and cryptocurrencies, providing ample opportunities for diversification. Warning ⚡️: Trading leveraged futures products is incredibly risky. Scan this code to download app. PrimeXBT proudly extends its services to traders worldwide, offering a cutting edge platform for financial opportunities. The range of supported cryptocurrencies and assets is a crucial factor when choosing a trading platform. PrimeXBT places a strong emphasis on security, implementing multiple layers of protection to safeguard users’ funds and data.

Updated Dec 12th, 2024

Returns may be subject to tax. And for those clients who want to improve the cybersecurity of their investments, the platform offers several solutions. Nobody begins a road trip without first consulting a map. Open the downloaded file and tap Install to complete the installation. An agent connected almost instantaneously to the chat. Explicit financial advice is also not allowed. You need to select the platform that you will use when trading cryptocurrency. They also do not offer any downloadable PC client program to trade on, the platform is browser based only. Moreover, the affiliate program offers a fixed commission structure, with a minimum payout of No minimum payout. Their Crypto signals are calculated or created using sophisticated algorithms, and cover both the Crypto market and Crypto futures. IF YOU ARE TRAVELLING TO ANY OF THESE COUNTRIES, YOU ACKNOWLEDGE THAT OUR SERVICES MAY BE UNAVAILABLE AND/OR BLOCKED IN SUCH COUNTRIES. That’s why you always need to keep an eye open on your active trades. Finally, another way a cash account and a margin account differ is by letting investors and traders profit from both market directions. Chua is also an educator at heart who developed her own proprietary trading curriculum to pass her knowledge down to a new generation of analysts. Users also have the ability to email support at. Perhaps the quickest and most effective way to get hold of their customer support is through the live chat that can be accessed right from the trading platform. Yeah, for crypto trading this feels like the better option. $20,000 or equivalent for unverified users. Copy trading has become increasingly popular in the traditional trading and crypto space, and for good reason. This is in addition to providing education and tools they need to succeed, regardless of their financial experience. By strategically choosing the appropriate order type, you can enhance your trading efficiency and minimize costs. Vincent and the Grenadines, and a recent move and consideration of becoming headquartered in Switzerland, PrimeXBT IS NOT currently regulated or licensed. There are also exclusive promotion periods and additional rewards for some of the top traders. 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. Information regarding past performance is not a reliable indicator of future performance. Each transaction must be reported on Form 8949, detailing its fair market value and cost basis. Top 10 alternatives to PrimeXBT. To register on PrimeXBT, you need an email address and a password. For users who do not want to use one of these third party services then they will need to fund their account with crypto that can be purchased from an exchange like Crypto. Additionally, OKX offers an easy way to get involved with direct crypto options trading, making it far more accessible than Bybit’s more complicated, experience orientated system.

Worse

Authorized Dealer of Fred Perry and New Balance. With the ability to stay on top of your portfolio through the PrimeXBT Mobile App, you’ll never wonder “what if” after missing a chance because you weren’t by your computer. Position trading is also known as trend trading. By clicking Continue to join or sign in, you agree to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy. PrimeXBT has implemented industry standard security features to protect user accounts, though it does not currently offer Proof of Reserves or audit data — a practice that many top tier platforms have adopted. PrimeXBT offers a seamless and secure platform for withdrawing your funds. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. Between euphoria and complacency, an expert trader will exit their position before the bear market kicks in. Visit our Help Centre. The platform also supports copy trading, allowing users to automatically copy and execute the trades of successful traders. Chainlink is primarily built on the Ethereum blockchain. For example, a 2x Bitcoin token would offer traders 2x the volatility and exposure to movements in Bitcoin value. We work with top providers like Fireblocks for cold storage, as well as insuring your funds.

Credit/Debit Card

Our clients love how fast and simple our sign up is. This is what is known as the over the counter, or OTC market. In the above example, you will be buying 1 order of SP500. Withdrawal fees start at just $0. CoinCodex tracks 38,000+ cryptocurrencies on 200+ exchanges, offering live prices, price predictions, and financial tools for crypto, stocks, and forex traders. 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. 07%, its long term performance remains remarkable, maintaining a solid base of 183 followers who have collectively entrusted over $65,000 USDT. Your sign up bonus is now active, and you can start trading with the extra benefits provided. Offer is Applicable: New Traders. Dear Javier,We’re thrilled to hear that our trading platform made such a strong impression on you. 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. Prime XBT stands out as an industry leading platform, providing a remarkably efficient experience with its real time data tracking, extensive cryptocurrency selection, unwavering security measures, cutting edge trading tools, and seamless integration of global payment methods. Receive the latest news and stay informed. Is Primexbt available in USA or Canada. Set up your account preferences, fund your wallet, and explore the various trading options available to you, such as margin trading and access to multiple markets, including crypto, forex, and CFDs. Some customers report that the apps are solid and very useful, while others complain that the platform is slow and glitchy. Deposits are free, but there are withdrawal fees for cryptocurrencies. After that, it fell down somewhat, with the decline exacerbated by the collapse of the Silvergate bank, and it reached a low of $0. In this review, we will explore the key features, benefits, and drawbacks of using PrimeXBT for your cryptocurrency trading needs. Additionally, check if the platform supports your preferred language and complies with local regulations. However, traders should compare fees across different platforms and consider all associated costs, including spreads and overnight financing fees, to ensure they are getting the best overall trading conditions. Should you click on these links and proceed to make a purchase from any of our partners, we may earn a commission. Skilled traders can also become Strategy Providers, earning profit share from the trades that are copied by others. Cash accounts are often reserved for spot trading or spot investing, versus trading CFDs and other derivatives contracts which are typically done with a margin account. Once you have completed the registration and KYC process, you can begin trading on PrimeXBT. They said maybe in the distant future they will allow bank transfers and that would be the only option. This surge reflects how quickly market sentiment can change in response to central bank actions. Here is a look at the different membership plans available with COV staking.