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PrimeXBT Simplifies Crypto Futures Trading for Beginners and Pros: Review — TradingView News
While the cryptocurrency trading segment is becoming increasingly mature, veteran trading heavyweights remain a smart bet for professionals and newcomers alike. Image by PrimeXBT
Launched in 2018, the PrimeXBT service represents a textbook example of a feature-rich, battle-tested crypto futures trading platform with advanced tools and an unmatched security design.
PrimeXBT unlocks new trading opportunities for over 1 million users: Highlights
Within a single interface, the PrimeXBT platform offers cutting-edge tools for CFDs based on cryptocurrencies, forex, stocks, indices and commodities, as well as for portfolio management, strategic investments and copy trading.
- PrimeXBT is a multi-product trading ecosystem for trading crypto futures and various contracts for difference (CFDs).
- PrimeXBT has listed hundreds of trading pairs in the Crypto Futures, Forex, Commodities, Indices and Crypto CFDs section to allow its customers to trade Gold, Bitcoin, S&P 500 and USD/EUR futures without leaving the app.
- For seamless cryptocurrency to fiat conversion, PrimeXBT has implemented a “Buy Crypto” module with support for bank transfers, Visa and Mastercard.
- PrimeXBT has added a beginner-friendly copy trading dashboard – allowing newcomers to mitigate risks and improve understanding of cryptocurrency markets by following the strategies of experienced traders.
- The platform has also released a convenient price chart module and a unique economic calendar feature for smooth, data-driven portfolio management.
- 24/7 support and customer success services are available to every PrimeXBT trader in various languages.
As a result, PrimeXBT should be called a unique modern trading machine that can perfectly adapt to clients with different backgrounds, portfolio types, investment strategies and so on.
What are CFDs?
In economics, contracts for difference (abbreviated to CFDs) represent a class of financial derivatives that allow traders to speculate on the price movements of an asset without owning the asset itself. The trader (user) and the broker (platform) agree to exchange the difference in price of the asset from the opening to the closing of the contract.
As of 2024, there are a myriad of CFDs backed by various assets, including stocks, commodities, financial indices and, of course, cryptocurrencies. They offer the potential to profit from both rising and declining markets, but they also carry the risk of significant losses.
Why is CFD trading popular?
CFD trading has gained considerable popularity due to its simple design and significant potential earnings. First of all, you do not need to own the asset, be it Bitcoin or Gold, to physically benefit from price movements in either direction.
In the case of cryptocurrency, you don’t even need to create an on-chain wallet to capitalize on Bitcoin BitcoinUSD and the enormous volatility of altcoins. Additionally, most cryptocurrency CFDs and futures trading platforms allow their clients to trade with leverage to maximize potential benefits.
How to choose the best CFD broker on cryptocurrencies and forex?
When it comes to cryptocurrency futures and CFD trading, choosing the right broker is of paramount importance for every trader. Here’s what to consider when choosing a cryptocurrency trading platform in 2024.
- Reputation: Traders should always check the history of this or that service to know if it has been hacked, “doped”, investigated by law enforcement, and so on.
- Beginner-friendly: Since all types of futures and CFD trading are high-risk activities, a legitimate broker should have an easy-to-understand interface to protect new traders from losing money by mistake.
- Legal Status and Restrictions: Legitimate brokers should always inform potential clients about their business address, headquarters location, legal form, limited territories, and so on.
The combination of these factors can help traders avoid losing money while working with CFDs and futures on FX, cryptocurrencies, commodities and index trading pairs.
Introducing PrimeXBT, the premium, one-stop crypto CFD trading machine
PrimeXBT, a holistic cryptocurrency CFD and futures trading platform, introduces an advanced stack of investment and portfolio management tools for beginners and professionals. With PrimeXBT, there is no need to switch between forex and crypto trading applications, as all tools are available in one interface.
For the U.Today audience, PrimeXBT has announced a very special promotional campaign: upon registration, our readers will be able to claim a 20% deposit bonus (maximum $7,000).
PrimeXBT: basics
Launched in 2018 in the midst of a harsh crypto winter, PrimeXBT is a one-stop trading platform for futures and CFDs on cryptocurrencies (Bitcoin and altcoins), commodities, stocks, indices and foreign exchange currency pairs (FX, forex). Simply put, it unifies all major trading opportunities in one interface.
Since the platform is focused on CFD and futures trading, the process remains quite simple: the user simply needs to create their account, deposit money via their preferred payment method and start trading. There is no need to create separate accounts for FX, cryptocurrencies and Gold – all opportunities are at users’ fingertips from the very beginning of their interaction with PrimeXBT.
In over six years of operation, the platform has never been compromised or hacked. The team always emphasizes that this is the result of rigorous safety checks and industry-leading safety standards:
When you invest your money and trade with us, you do so with the confidence that comes from working with an established, award-winning brand.
In total, the platform offers over 100 trading pairs in various segments. PrimeXBT has released 14 versions of its interface in various languages: from English to Bahasa, from Russian to Vietnamese. As a result, it has gained impressive popularity on the global cryptocurrency trading scene – PrimeXBT has been chosen by over a million users from all over the world.
PrimeXBT: Cryptocurrency futures and CFD trading options
PrimeXBT services are available in both the web interface and mobile applications for Android and iOS based devices.
Image by PrimeXBT
PrimeXBT’s cryptocurrency futures trading dashboard is among the most convenient and easy to navigate segments. It offers an extremely low fee policy: all Bitcoin 
In the section dedicated to cryptocurrency futures trading, 31 assets are available: the first Bitcoin blockchain assets 
For experienced traders, PrimeXBT offers an unparalleled cryptocurrency futures experience with adjustable leverage, a proprietary order book, isolated margin, and seamless TradingView charting integration. By working with the best market makers, PrimeXBT offers the deepest liquidity possible for minimal slippage. The service has implemented a negligible minimum deposit of $1 to prevent the platform from being spammed with a zero deposit fee. Withdrawal fees start from $0.5.
Furthermore, all demo options, including opening an account and a demo session in a risk-free environment, are available for free.
PrimeXBT: copy trading and investment modules
To make cryptocurrency trading easier for newcomers, PrimeXBT has introduced a copy trading module. Copy trading is a scheme that allows new traders to sign up with a verified master trader with proven experience in trading. Once the trader signs up for this service, she can start following the master’s strategy in an automated way.
Image by PrimeXBT
For cryptocurrency trading experts, PrimeXBT offers the opportunity to share your strategies to earn up to 20% from followers’ profits. To get started with copy trading, PrimeXBT customers should simply open a free PrimeXBT account, browse all experienced traders and compare their styles, performance, deposit size and follower rate to choose an undisputed top performer and automatically copy their operations. Experienced traders on PrimeXBT have dozens of followers and six-figure deposits. In addition to the MT5 terminal, the service also offers its proprietary PrimeXBT WebTrader and app dashboard.
For experienced traders, PrimeXBT broadcasts an investment calendar. It automatically tracks major events in the financial world (CPI rate adjustments, unemployment rate announcements, etc.) to make clients’ trading strategies more data-driven.
PrimeXBT: Buy Crypto module and extra benefits for traders
To make the cryptocurrency purchasing process more streamlined and seamless than ever, PrimeXBT has implemented a secure “Buy Cryptocurrency” cryptocurrency to fiat conversion option. With “Buy Crypto”, every PrimeXBT account owner can easily buy Bitcoin 
Last but not least, to make the trading experience even smoother, PrimeXBT has introduced a dashboard with price charts. With PrimeXBT’s price charting tools, users do not need to access third-party apps to check the price performance of their assets of interest.
For every user, regardless of account status, size of deposits or trading background, PrimeXBT offers 24/7 online support, speaking all languages supported on the platform. The service collects feedback from users in all possible ways.
Bottom line: What makes PrimeXBT special in 2024?
Initially introduced in 2018, PrimeXBT is a unique, multi-purpose trading platform for cryptocurrency futures and CFDs, indices, commodities, stocks and FOREX trading pairs. It ensures a safe and beginner-friendly trading experience for over one million customers worldwide on over 100 asset pairs.
PrimeXBT has implemented a native “Buy Cryptocurrencies” module with fiat support, a convenient copy trading dashboard, cryptocurrency price charts, a unique calendar for investors, and more.