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A comprehensive review of a leading financial trading platform
- PrimeXBT is a diversified financial trading platform for CFDs, cryptocurrencies and commodities.
- The platform has 1 million users and for more information read this review.
Founded in 2018, PimeXBT is among the world’s leading cryptocurrency brokers. The platform tracks price action, across markets with real-time charts of hundreds of digital assets. PrimeXBT provides financial technology through its website, WebTrader, and app.
PrimeXBT envisions a future where individuals can gain easy and immediate access to the markets. This is in addition to providing the education and tools they need to succeed, regardless of their financial experience.
PrimeXBT’s mission is to become a global leader in online trading, for any financial market, from cryptocurrencies to commodities. The platform aims to make its brand synonymous with innovation and quality and to consolidate its reputation as a trusted and reliable partner for traders globally.
Main products
The key products offered by PrimeXBT include CFD and Forex trading, cryptocurrency trading, copy trading and cryptocurrency futures. PrimeXBT recently launched a total revamp of the brand, website and all-in-one platforms. Alongside the revamp is a campaign called “We Listen,” in which the cryptocurrency broker says customer input has served as inspiration for many of the improvements.
CFD Trading on PrimeXBT
CFD trading allows traders to speculate on both rising and falling markets, without having to take ownership of the underlying assets. With PrimeXBT, users have access to over 100 CFD markets including Forex, indices and commodities.
Traders can trade major and minor currency pairs such as EUR/USD, USD/JPY, GBP/USD, USD/SGD and other Forex CFDs on PrimeXBT.
With Index CFDs, PrimeXBT users can trade stocks such as S&P 500, Nasdaq, AUS200 and HK-HSI in one instrument. This can be done by enjoying some of the best leveraged trading conditions in the industry.
Traders can open larger positions in their favorite markets, with a smaller initial investment by using leverage. While higher exposure can lead to higher returns, leverage also brings risks, which should be managed with an appropriate risk management strategy.
With commodity CFDs, traders can speculate on metals such as gold, silver, lead and energy products such as oil. This can be done without the hassle of having to own and store physical assets.
To trade commodity CFDs on PrimeXBT, open a CFD trading account on the WebTrader or app by entering your email address and setting a password.
Buying Cryptocurrencies on PrimeXBT
Cryptocurrency enthusiasts can do this buy over 60 cryptocurrencies including Bitcoin (Bitcoin) and Ethereum (ET) on the PrimeXBT platform.
In the Buy Cryptocurrencies section of the platform, users can exchange their cryptocurrencies for fiat currencies and withdraw to their bank account. They can also use their cryptocurrencies to purchase goods and services at participating outlets. Additionally, individuals can exchange one cryptocurrency for another through their PrimeXBT account.
How to buy cryptocurrencies on PrimeXBT
Purchasing cryptocurrencies on PrimeXBT can be done in minutes by following a simple procedure using Visa or Mastercard.
The first thing to do is open a PrimeXBT account. Next is to select your preferred payment method, then choose your cryptocurrency and required amount. Your PrimeXBT wallet will be immediately credited after completing these simple procedures.
Copy Trading on PrimeXBT
With PrimeXBT Copy Trading, users can copy experts on the platform to earn passive income. Experts who share their strategies on PrimeXBT have the opportunity to earn up to 20% of followers’ profits. Their earnings increase as their followers and strategies are shared. On the other hand, followers can earn up to 75% profit share when trades copied from top performers are successful.
PrimeXBT’s Copy Trading program now features membership options, offering customers a variety of additional benefits. These include higher profit margins, lower trading fees and much more. Additionally, PrimeXBT offers its followers and strategy providers a range of risk management tools to help minimize potential losses and maximize possible profits.
To get started with copy trading, open a free PrimeXBT account, browse all expert traders, select a top performer and automatically copy their trades.
Cryptocurrency futures on PrimeXBT
On the PrimeXBT platform, users can trade long or short open positions on a range of Crypto Futures, including Bitcoin, Ethereum and Litecoin.
Deposit Limits
PrimeXBT implements deposit limits on its offers to improve utility. Users must deposit at least $10 to trade CDFs on indices. A minimum investment of $1 is required for CFS Forex trading, $5 for commodities trading and $1 for cryptocurrency trading.
Commissions
PrimeXBT does not charge any fees for opening and maintaining an account. Deposits to PrimeXBT are also free, while withdrawals start at $0.5 depending on the provider or blockchain chosen. Traders can also benefit from zero commissions and spreads as low as 0.1% when trading CFDs.
The spread, or bid-ask spread, is the difference between the selling (bid) and buying (ask) prices of an asset. Keep in mind that the ask is always higher than the offer. Essentially, the spread is the commission paid for trading an asset.
PrimeXBT also implements swap fees or overnight funding fees when traders keep a position open for an extended period. This helps the platform cover the costs of providing leverage and market liquidity. Furthermore, the Maker commission is 0.01% and the Taker commission is 0.02% when trading crypto futures on PrimeXBT.
Awards
PrimeXBT offers attractive rewards and bonuses to its users, just for completing tasks. With this strategy, PrimeXBT aims to grow its platform, while allowing users to take advantage of market opportunities.
Users who deposit $1,000 into their trading account have a chance to win $200. The platform also offers a $100 welcome bonus for users who deposit $500 within 48 hours of registering. Additionally, a $500 major prize is available for deposits over $2,500, while a $1,000 high roller prize is available for deposits over $5,000.
Partner
PrimeXBT has partnered with reputable stakeholders since its inception. Some of them include Fireblocks, Devexperts, Baksta, Bitfury Crystal, and Talos.
Result
Since its inception, the platform has accumulated over 1 million customers worldwide. The platform has an average global rating of 4.6, with 24-hour human support for users.
How to register on Prime XBT
To register on PrimeXBT WebTrader;
- Sign in Official site
- Click the record icon
- Log in with your email and password
You can also register by downloading the PrimeXBT app on Google Play or Apple Store.
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