Leverage and Margin Trading

Get it in the Microsoft Store. OKX is a comprehensive cryptocurrency exchange offering a wide range of trading options, including spot, futures, and options, as well as access to Web3 and DeFi applications. There is a lot of space for optimization here, which can further increase profit. Once you’ve chosen one of our top rated brokers, you need to make sure you’re buying the right stocks. It has a good user interface, nice features, and is easy to use and navigate through. PrimeXBT primarily focuses on cryptocurrency deposits. PrimeXBT employs robust security protocols to protect user funds, adding an extra layer of confidence for traders. Dan is writer, translator, marketing strategist, musician, and fitness enthusiast with one thing on his mind: crypto.

PrimeXBT Review: 100x Leverage With Advanced Trading, Charts, and Passive Income

I opted for the LTC/USDT perpetual futures pair and placed a limit buy order, which was executed as soon as the price reached the limit, costing me 0. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. Com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. A margin brokerage account lets investors deposit cash or other assets to be used as collateral. Like in other financial markets, the aim for crypto traders is to buy Bitcoin at a cheaper rate and sell it at a higher one, thereby benefiting from the price difference. Cryptocurrencies enable generally anonymous instant transactions, which is beneficial for many users, yet also gives criminals opportunities to evade conventional AML/CFT controls. Here are some frequently asked questions about the comparison between PrimeXBT and Bybit, providing additional insights to help users make informed decisions. This lack of transparency is concerning, especially since most leading cryptocurrency exchanges began providing PoR after the 2022 collapse of FTX.

PrimeXBT® Official Website

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. With a unique link, earn payouts from trading commissions paid by your referrals. This is something I’d rather not deal with. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. Therefore, a stop loss order is rarely specified as a limit order per se. These include fan lines, Fibonacci, retracements, and other trend lines. Jito Staked SOL https://primexbttrading.com/users/ JITOSOL. Enter the promo code and click ‘Activate’. Additionally, maintain a healthy margin level to avoid getting liquidated. If using margin, your loss then becomes $4000, or 40%. Simply search for “PrimeXBT” in the App Store or Google Play Store, and click the download button to install the app on your device. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. You must understand how the CFD market works.

Diversify your portfolio with Commodity CFD tradingDiversify your portfolio with Commodity CFD trading

Explore all its latest benefits, features and tools, including. Regardless, our Anti Money Laundering AML policy is applicable to all client transactions. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. The portfolio management section allows you to manage your investments and track their performance. While you can create a Binance account without KYC, you cannot access the vast majority of the products available on Binance, including buying, selling, and trading crypto. PrimeXBT does offer free deposits for both fiat and crypto, but the withdrawal fees, especially for fiat, are higher than those on competing platforms. Yes, trading fees typically include spreads, commission fees, and overnight financing swap fees, depending on the asset and platform. Making a Deposit with Perfect Money. Traders heavily rely on various indicators to recognise and predict particular market movements to plan out their trades. Though CFDs are preferable tradeable instruments for some traders. I found the KYC process to be straightforward, with my account being verified instantly. Common staking profit is around 13% on a yearly basis. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Information regarding past performance is not a reliable indicator of future performance. Here are the types of documents that may be requested. PrimeXBT operates in a wide range of global markets, offering its services to users in more than 150 countries around the world. However, like all investments, it comes with its own risks.

Grow your businesswith global networking eventsGrow your businesswith global networking events

Best regards,The PrimeXBT Team. To start trading on PrimeXBT, setting up your account is a breeze: Simply provide your email and create a secure password. If it’s still not found, verify that the registered email address is correct and contact PrimeXBT support for further assistance. PrimeXBT’s fee structure is designed to be transparent, ensuring traders can easily calculate their costs. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. 2024 00343, having its registered office address at PKF Corporate Services Ltd. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. 67 USDHow can the financing of this trade outweigh the profit by a few cents. How PrimeXBT defines the term is confusing at best misleading at worst. Key sources include the official website, especially for new user sign up bonuses, and email newsletters, which often offer exclusive promotions. 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.

Security

However, you won’t be able to access all of these products without completing some KYC. Various assets have different prediction durations, which are. Com in your email settings and request the withdrawal again. I opted for the LTC/USDT perpetual futures pair and placed a limit buy order, which was executed as soon as the price reached the limit, costing me 0. These services are governed by the legal terms and conditions of PXBT. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. Another major risk when shorting ETH is that short sellers encounter unlimited downside potential. By focusing on high probability setups and avoiding overtrading, traders can reduce the cumulative trading fees. Polygon POL ex MATIC has become extremely popular as one of the leading Layer 2 scaling solutions for Ethereum, addressing key issues. Some crypto traders keep their assets in the crypto exchange account, but it is strongly recommended to keep digital assets in crypto wallets that are much more secure. As you lose more, it becomes even direr. Telephone number:010 449 4445. This minimized my losses and still only cost 0. As the market trended down, the price reached my stop loss, triggering and executing the order as expected. In comparison, exchanges like Binance require only one confirmation for deposits using the TRC20 network. 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. Key Features of PrimeXBT Trading. Bonuses are real funds that can be used in trading cryptocurrency instruments in the PrimeXBT platform, but without the possibility of withdrawal from the account. 15€ in BTC are waiting for you. Note: Users located in the US and UK are not supported. 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. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Crypto Affiliates can earn up to $2,500 in CPA per client, and Introducing Brokers IBs can get up to 50% RevShare, making PrimeXBT’s the most competitive program currently on the market. Our extensive Web3 Expert Network is compiled of professionals from leading companies, research organizations and academia.

Customer Service

The marketplace offers NFTs with zero fees from the digital art, collectables, GameFi, Metaverse niches, and more. PrimeXBT utilizes Bitfury’s Crystal AML compliance software and blockchain monitoring toolsets on all incoming transactions. Our evaluation concentrates on how quickly they respond, the quality of the help provided, and whether we can talk to a real person rather than a bot. To engage in leveraged trading options, traders must fund their margin trading accounts in specific currencies like BTC, ETH, USDT, and USDC and maintain enough free margin to cover potential negative price fluctuations. The projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, are not guaranteed for accuracy or completeness, do not reflect actual investment results, do not take into consideration commissions, margin interest and other costs, and are not guarantees of future results. Simply navigate to the support section in the app and get the assistance you need, right at your fingertips. These products are not suitable for all investors. Overnight fees apply to leveraged positions held overnight, calculated based on the asset and the leverage used. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. This places PrimeXBT more in line with the fees model of a CFD broker than a Futures exchange. We’re committed to resolving any issues as quickly as possible. Automated trading bots are implemented to lower the possibility of loss and increase the chances of profits. If you need further assistance, don’t hesitate to reach out at. Additionally, it helps show a broker is confident in their services, is transparent, and trustworthy. In this review, we dive into PrimeXBT, a dynamic margin trading platform offering access to crypto CFDs, commodities, indices, and Forex. 6472, an average price around $0. This makes it a versatile choice for traders seeking diverse opportunities. Volet deposits are free, while Perfect Money charges a 1. Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. In addition to market risk, with only seven trading pairs, PrimeXBT’s asset selection is limited compared to some alternatives in the market. For detailed information see our guide here. 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. Since Bitcoin sits in between the Fiat and Alt Coin sandwich, you should only ever trade in BTC value. Not much to be said about the trading platform, matching engine, order types and performance of the platform other than it delivers on its promise of providing a seamless, high level trading experience suitable for retail, professional, and institutional traders alike. So, how do these distinct elements collectively shape the trading experience on PrimeXBT. PrimeXBT offers different account levels, each providing a range of benefits and features to cater to various trading needs. In the ‘Margin’ page, select the appropriate margin account, enter the promo code, and click ‘Activate’. This symbiotic relationship creates a win win scenario – strategy managers earn a percentage of the profits made by their followers, while followers enjoy passive profits without the need for hands on trading.

CryptoRunner English

Withdrawing your funds is very easy. No, this is not possible at the moment. Mobile versions of trading terminals have somewhat reduced functionality. Sure people know that BTC is the 1 crypto, and ETH is 2. This is because Dogecoin has no limit to the amount being printed. This leaves Volet and Perfect Money as the alternatives. You decide that the pound will continue to look weak going forward, as the economic figures coming out of the United Kingdom continue to nosedive. 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. AWS has a proven track record of industry leading digital and physical security. Scan the QR code with your device’s camera and get APK file. Step 4: You will now have an account, which grants you access to both copy trading on PrimeXBT and its futures services. Its standout feature, however, is its copy trading module, which lets users replicate the trading strategies of more experienced traders. If merchants and users start adopting Dogecoin, it could serve as a “micro payment” coin. Other such announcements are based upon specific industries, sections of the economy, and even age groups. For new traders learning to trade, this can be a great way to gain exposure to trading strategies and be able to analyze how a successful trader approaches the markets. Once you have selected the desired exchange direction, the amount of currency to exchange, and chosen a fitting exchange rate, click on the blue ‚Confirm’ button to execute the exchange. Mobile platforms are available. The platform was founded in 2018, and from the very beginning, it managed to grow exponentially. Registration on PrimeXBT is free and takes only a few clicks to begin. To follow and copy forex traders here is just easy.

Robust multi level, referral program

PrimeXBT supports a variety of payment methods, each with its specific limits and processing times. If you ever need assistance, don’t hesitate to contact us at. Cash accounts and margin accounts are very different, but once you understand the main differences, you will understand why cash accounts are considered to be advanced. You should several factors when choosing a copy trading platform. Withdrawals are processed once a day, between 12:00 and 14:00 UTC. These services are governed by the legal terms and conditions of PXBT. If your guess is correct, you make a quick double digit profit. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Successful traders can become strategy managers and build up their rating in a public, transparent system, and use their performance to attract followers. We’re happy to hear that you find our platform user friendly and helpful, especially as a beginner. The user information on who has traded on PrimeXBT is confidential and not publicly disclosed due to privacy and security reasons.

What is the difference between a Maker fee and a Taker fee?

Carefully type in your promo code in the provided field. Following min amount is the lowest sum of money a trader can have on his or her account required in order to enable them to duplicate strategies from the accounts of other traders. While PrimeXBT offers significantly higher withdrawal limits compared to competitors like Binance and Bybit, the absence of key security and transparency features, such as Proof of Reserves, security audits, and insurance coverage for user assets, may be deal breakers for casual traders. The team at CoinSwitch predicts that $SHIB will trade as high as $0. Select your country to review all available payment methods. PrimeXBT provides a wealth of educational resources to help users enhance their trading skills and knowledge. With five years in the crypto industry, she collaborates with partners to bring the latest updates and insights to our readers. DISCLAIMER: PrimeXBT reserves the right to deny COV Token staking, utility, and change utility duration, fee rates or any other conditions. Quite frankly, the Ethereum projected growth on the network could drive higher prices, but sooner or later, there will have to be that one “killer app” on the network. The best case scenario for investors is to trade the Bitcoin and Ethereum ratio, along with positions in Bitcoin and Ethereum itself, so that profits can be made whichever way the crypto market turns while taking full advantage of the swing opportunities that take place between Ethereum vs Bitcoin. The difference in points between the price when you opened the contract and the price when you closed it is then multiplied by that figure. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List.

Product Range

These risks encompass the possibility of basing your trading decisions on the activities of traders who may lack experience or knowledge, or those whose goals, intentions, or financial conditions may not align with your own. These are hosted on AWS web servers which are known to be one of the best in the industry. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Plus, PrimeXBT supports multiple currencies, so you can trade using the currency you’re most familiar with, just like shopping with your preferred payment method. With a PrimeXBT CFD trading account, you have access to over 100 global markets, and some of the best trading conditions around. Learn everything you need to step up your crypto game. These security features collectively ensure that PrimeXBT provides a secure trading environment, helping to protect users’ funds and personal information against potential threats. Make sure you understand the difference between Spot and CFD trading before getting started. At this point, the total investment is $12,000. Although it may seem unwise to make prediction regarding a market that is known to be exceptionally volatile, due to the nature of the Chainlink project and the fact that LINK is primarily used to pay the Chainlink nodes operators, we may be able to at least look at the current trend and market conditions. PrimeXBT offers a variety of bonuses and promotions for both new and existing users. You can diversify your portfolio with various asset classes, including stock indices, commodities, forex, and metals.

Worse

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. The information provided here is not an invitation to buy or sell products, nor is it an invitation to make an investment or trading strategy. Stellar’s focus on decentralization and partnerships with major players in the banking industry may attract those seeking a more open and inclusive network. This is especially true in fast moving markets. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. However, it lacks free withdrawal options, with existing ones incurring higher fees compared to most competitors. 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. Some exchanges will have an all around option that allows access from any device. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. User information is kept private, however, their earnings are shared for all to see. Of course, unpredictable factors, like the mining supply or geo political tensions should be considered. This is why it’s crucial to understand the heightened risk of liquidation associated with margin trading. Additionally, traders can also exchange gold with crypto on the platform. It is because of this that some consider margin trading to be dangerous. Yes, the PrimeXBT App allows you to trade various cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and other popular assets. Experience hassle free deposit and withdrawal options with PrimeXBT. The company does accept only participants. PrimeXBT allows direct Fiat deposits to Global Markets CFDs currency trading accounts by automatically redirecting them from your wallet when a deposit is made. This multi level referral scheme offers additional commissions: 20% for direct referrals, 15% for level 2, 10% for level 3, and 5% for level 4 referrals. Additionally, withdrawals to a bank card come with a hefty 5% fee. The external services provider PrimeXBT has partnered with can only serve certain jurisdictions, so check to be certain your country is included. PrimeXBT offers mobile apps for iOS and Android, providing the same trading instruments. Best regards,The PrimeXBT Team. Get access to a wide range of trading, investing, and Crypto services from a single app. The spread is the difference between the bid buy and ask sell prices of a currency pair. Both options connect you directly to a customer support agent, bypassing any intermediary chatbot or AI. Before you put on a position, you should know where you want to get in, and where it will have proven itself to be time to get out and accept that your timing was incorrect. You can also trade traditional assets, including stock indices, commodities, and forex on the platform with leverage beyond 100X. The exchange has licenses, but its activities can not be called officially regulated.

Open free account

PrimeXBT supports two factor authentication 2FA through Google Authenticator, ensuring an additional layer of security. To seize this exclusive welcome bonus offer. Bonuses: Various deposit bonuses are available for deposits of $1000, $2500, and $5000. Furthermore, PrimeXBT stands out from the competition thanks to its competitive spreads and high leverage choices up to 1:1000 for currency pairs. Choosing the right asset classes is crucial for aligning your trading strategy with market opportunities. You can now trade or hold these funds as you see fit. Following the results of the U. This category includes data that can be connected to your identity and might be utilized for. After testing PrimeXBT, it’s clear that this platform is designed more for seasoned traders than beginners. If you are searching for a crypto exchange that has a good amount of order types and offers leverage, then PrimeXBT is the right one for you. For our trading test, we thoroughly evaluated the PrimeXBT platform. Economic reports on a country’s economy will be one of the crucial tools that a fundamental analyst will use. All in all, good one. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. We look forward to continuing to support your trading endeavors. It takes just a few minutes to get started. Learn more about Baksta’s Legal Terms. All available bonuses can be viewed in myAlpari in the “Trade” “Rewards” section. Returns or profits may be subject to capital gains tax. It feels like a form of ‘legal’ theft. The price moved so fast that they didn’t get their order filled. I made 3referals level 1 under promotion and my all3 referals have also met the conditions of the bonus that i shall received. This necessitates effective risk management, especially for inexperienced traders, emphasizing the need for caution and responsibility when dealing with crypto futures. However, users should be aware that depositing fiat currencies through third party payment processors may incur fees, which are determined by the payment provider. Elevate your trading with PrimeXBT’s margin trading accounts, offering key features that set it apart. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Leveraging the PrimeXBT bonus can significantly impact your trading strategy.

Important Notice

With high leverage options, it can be an ideal choice for those interested in crypto assets, commodities, and forex source. Click here to get an exclusive 35% Deposit Welcome Bonus on PrimeXBT. Educational Purpose Only: The materials provided by EA Trading Academy, including all videos, are intended solely for educational and informational purposes and are not to be interpreted as trading advice. PrimeXBT offers a variety of deposit options. If the asset price does trend downward, a short position can then be closed successfully in profit. Enter the desired withdrawal address and confirm the address via an email confirmation link. Dogecoin is a cryptocurrency altcoin that trades under the DOGE ticker symbol against USD and other cryptocurrencies like Bitcoin. However, most of the time, there is no free lunch in the markets. The order types are the usual: Market, Limit, OCO one cancels other, Stop, GTC good till cancelled and Protection orders Stop Loss and Take Profit. Traders should invest time and effort in learning and refining their trading skills to achieve consistent profitability. Traders should consider their trading goals, and risk tolerance, and conduct thorough research before making a decision. Therefore, non English speaking clients are recommended alternative resources for gaining knowledge by Support managers. Any serious MATIC price prediction forecast will have to have a disclaimer on all of the unknown issues out there. To add a withdrawal address, British users need to access their account, navigate to the ‘Wallet’ section, choose the cryptocurrency they wish to withdraw, and then enter or scan the withdrawal address. PrimeXBT provides a wealth of educational resources to help users enhance their trading skills and knowledge.