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PrimeXBT Review 2025

PrimeXBT PTY LTD previously Stack Advisory 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. A prominent example of leverage trading occurred during the GameStop frenzy, where retail traders using leverage forced hedge funds PrimeXBT limited with high short interest to cover their positions. Proper preparation through technical analysis is also a risk management strategy. All existing users and potential clients must take the time to carefully read through PrimeXBT’s terms and conditions before agreeing to them. Returns or profits may be subject to capital gains tax. PrimeXBT operates on a global scale, providing trading services to users from numerous countries. You can calculate how much interest you’ll pay or earn when keeping a position open overnight by using the formulas below. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom.

PrimeXBT

The platform offers a very limited range of crypto futures markets and conditional orders. At the time of writing, customers can only withdraw cryptocurrencies; there is no fiat off ramp available for fiat to bank withdrawals. To fund a Margin Account. In summary, PrimeXBT’s trading fees are very competitive, particularly for futures trading, which boasts some of the industry’s lowest fees. 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. Risk management is important in leverage trading. Additionally, there is no Lite version, making it challenging for new or inexperienced traders, as the advanced features can be overwhelming. This website is owned by PrimeXBT PTY LTD previously named Stack Advisory PTY Ltd a company registered in South Africa, with registration No. Scan this code to download app. Additionally, PrimeXBT charges funding fees regardless of whether you go long or short, unlike other exchanges that rebate fees when trading against the market. EA Trading Academy does not hold registration as an investment advisor, broker, or dealer. Customer accounts are completely Bitcoin based. If you have any questions or need further clarification on anything, feel free to reach out to. Date of experience: June 23, 2024. The platform provides CFDs for forex, indices, commodities, and cryptocurrencies, but this review focuses on Crypto Futures. I liked the platform but I couldn’t get it to work all the time, which could be a deal breaker if it’s not addressed quickly. They were not even listed as a top 50 safe exchange by Certified’s security audit, and being unregulated was another red flag.

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It offers a comprehensive platform that includes metrics like daily/monthly profits, drawdown info, trading strategy, and trading history breakdowns. Learn more about Baksta’s Legal Terms. Users can open accounts, deposit crypto, and start trading with just an email address. These are the 2 primary types of fees you will encounter. The platform offers high leverage, enabling various trading strategies, all supported by an advanced platform with TradingView integration for in depth technical analysis. 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. It was founded around the time of the 2017 2018 Bitcoin bull run, as an alternative to the multiple less reliable and legitimate signal providers. Binary options are a yes or no, all or nothing type of options trading strategy. PrimeXBT Trading Services Ltd is officially registered in St. If the USD/JPY pair moves from 114. The PrimeXBT trading platform has plenty of tools available to suit traders of most skill levels. The Covesting module highlights top traders and their returns, allowing users to invest and create funds rated by capital and ROI. Information regarding past performance is not a reliable indicator of future performance. 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.

Do you have to pay tax on cryptocurrency?

Anywa, i’m glad that I made profits a few times in a row by opening long positions. Use of this site constitutes acceptance of our Terms of Service. Potential for Long Term Growth: Cardano has a sizable fanbase thanks to its underlying technology and distinctive characteristics, like its layered design and peer reviewed process. Let’s delve into illustrative examples of successful leverage trades and cautionary tales to gain valuable insights. This is a multi faceted platform that not only functions in the crypto space, but also allows people to trade traditional assets, such as stocks, forex, and commodities. A common strategy is the moving average crossover, where a short term moving average crosses above a long term moving average, signalling a buy and vice versa for a sell. Only for verified users. A piece of garbage labeled «art» can sell for millions because people will pay not because its special or has a good financial backing. To begin trading, you must deposit any amount that would provide the needed margin for your transactions. Let’s now find the answers to all these questions in our complete review of PrimeXBT. Overall, I concluded that PrimeXBT is a good choice for casual crypto traders. Leverage is a powerful tool that allows traders to amplify their positions by borrowing funds to increase their exposure to the market. All of them also offer the standard Limit and Market orders as part of the trading choices. Despite initially gaining around 80% profit on a long term position, my experience turned negative upon closing. The volatility of Bitcoin presents a risk in both spot trading and short selling. While the profits realised could be small, they could amount to large profits in the long run. It is easy to use, very interactive, very complete. Brand operating since. Staking COV tokens unlocks advantages such as using COV as collateral for leveraged trading, reduced entry fees, increased profit share, extended following limits, lower trade fees for strategy managers, and higher APY on yield accounts. To view your active bonuses on PrimeXBT, you can follow these steps. Among its users, PrimeXBT is known for its powerful trade engine, which offers super fast order execution and processing times, along with real time risk management. Bitcoin deposits are the primary way to deposit funds into a PrimeXBT wallet, but they are limited to a few coins: Bitcoin BTC, Ethereum ETH, Tether USDT, USD Coin USDC, and Covesting COV. So many options with the wide range of crypto pairs and different types of margin. What would I like PrimeXBT to add. A market cycle is a full bull market trend, followed by a bear market trend, which then repeats. The PrimeXBT app is packed with features that make it a powerful tool for traders. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies.

Platform Features and Promotions

His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. PrimeXBT provides traders with the ability to use leverage to maximize their trading potential. This section will discuss the regulatory landscape influencing PrimeXBT’s operations and the measures the platform takes to comply with these regulations. This is similar to what we found in our IG review and it is always refreshing for our team to find a website of such quality. We personally contact support using all available methods and present hypothetical problems that users might face. Please contact for individual trading conditions. Zengo stands out from the crowd as a leading crypto and NFT wallet, equipped with top notch security measures like Multi Party Computation MPC technology, a robust Web3 firewall, and advanced biometrics. 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. Additionally, PrimeXBT offers various deposit options, including both fiat and Cryptocurrency, to suit your preferences. 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. It has gained popularity for its crypto margin trading capabilities. Affiliate partners also receive a dedicated dashboard to monitor earnings, dedicated partnership managers, and invitations to exclusive global networking events. Remember that the price per point of a standard lot in the GBP/USD pair is worth $10, so it is simply a matter of multiplying the distance traveled in points by the worth of each contract. Open the downloaded file and tap Install to complete the installation. While there were many things that we liked about the PrimeXBT exchange, there are a few things that we think warrant improvement. $2,000 by bank card. PrimeXBT uses the Maker/Taker model for its futures trading fee structure, and traders enjoy some of the lowest trading fees in the industry when it comes to derivatives.

Rating of crypto exchange PrimeXBT

None of the exchanges listed above like CoinEx, dYdX, and ByBit will ask for your social security number. Enjoy some of the lowest fees in the industry, designed to maximise your potential and keep your trading costs low. The platform also supports copy trading, allowing users to automatically copy and execute the trades of successful traders. This is an order that is used to take profit on a trade that has worked out in a trader’s favor. A detailed table of all trading fees for Global Markets, Crypto Futures, and Copy Trading products is regularly updated and provided on the PrimeXBT website. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. XRP entered 2022 recovering from a rocky 2021, but it soon encountered fresh headwinds as market wide volatility and regulatory uncertainty weighed on sentiment. PrimeXBT is a cryptocurrency, forex, stock index, and commodity trading platform where traders can access up to 200x leverage on some crypto pairs and up to 1,000x leverage on some forex pairs. Subscribing to PrimeXBT’s newsletter or engaging in trading forums is another way to discover exclusive promo codes. Risk management techniques include setting stop loss and take profit levels, diversifying your portfolio, and using the platform’s risk management tools effectively. Hold your trades open for longer with cheap funding rates. 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. The content of this website is not intended for residents of the European Economic Area or the United Kingdom. High ratings globally. The entities above do not offer services to residents of certain jurisdictions including the USA, Canada, Iran, North Korea, Russia, and other Restricted Jurisdictions. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. Go to Settings > Security and enable Install from Unknown Sources if prompted. A good trading plan needs to have the right risk management strategies. I am still in a trade, let’s rock. You’ll get two new stock picks every month, plus 10 starter stocks and best buys now. Regardless, the point is not to dunk on other companies here. 🌎 Communities in other languages: rimeXBTCommunities Bot🔔 Announcement channel: rimeXBT🌐 Web: epdzTwitter: rimeXBTContent not intended for US EU UK NZ ISRL residents. These instruments offer traders a way to diversify their holdings into physical assets. Unlimited via Perfect Money. We’ll dive deeper into the additional tools and resources that PrimeXBT offers to make your trading life easier. One of the primary benefits is the flexibility to trade from anywhere. PrimeXBT places a lot of emphasis and effort towards their award winning trading platform and app. However, it lacks spot, margin, P2P, and bot trading options, making it less suitable for inexperienced users. Of course a price prediction moving forward could be slightly challenging.

5 PrimeXBT Fees

Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. This high leverage means that even with a small initial investment, traders can engage in larger trades, tailoring their leverage according to their risk tolerance and trading strategy. The numbers in this chart are only illustrative and subject to change over timeRound turn commission. To protect yourself from significant losses, you can set a stop order with a stop price slightly below the current market price. You can see a full list of the leverage limits for the other assets in your account management area or on the PrimeXBT fees page. Finally, Coinbase is a great option for beginners, offering a user friendly interface and strong security, though its fees are higher. “Primexbt offers a $80 credit on services you want. When those levels break, we can expect strong trading activity on either side and prepare accordingly. But first, let’s break down the factors that will shape Cardano’s future. However, the help center FAQ page and educational material for new traders leave much to be desired, with only about 15 sections compared to over 40 on Binance and Bybit. It also provides a breakdown of individual crypto and US dollar balances.

Deposits And Withdrawals 15/20

The winners of the tournament receive a cash reward. The main purpose of this primexbt review is to express the gratitude for ensuring such a contemporary trading platform. However, it’s important to remember that leverage is a double edged sword. To the left of this is the option to switch from a candlestick chart to a line graph or bar graph. If you have any suggestions or need assistance, please don’t hesitate to contact us at support@helBest regards,The PrimeXBT Team. But, the platform focuses on major assets, ensuring trading is liquid and stable. The website is owned and operated by PrimeXBT Trading Services LLC. If you would prefer a more visual guide then PrimeXBT has included a number of video tutorials. Beginners should generally opt for lower leverage ratios to minimise potential losses, while experienced traders with a higher tolerance for risk might consider using higher leverage to potentially amplify their gains. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. At PrimeXBT, we cater to diverse user needs with multiple deposit methods. Here are the similarities and differences in the functionality of these terminals. As mentioned, you can also trade forex, commodities, and stock indices. Verification or KYC procedure know your customer is not mandatory for customers, but it does offer some benefits. I always recommend that traders check them before evaluating the total trading costs. Documents required for transaction verification may vary depending on the nature and size of the transaction. However, it lacks spot, margin, P2P, and bot trading options, making it less suitable for inexperienced users. It allows you to control a larger investment in the market by using borrowed funds from a broker. Thanks to the TradingView integration, it offers more customization and charting functionality. Currently, PrimeXBT charges a very low flat fee of about 0. PrimeXBT allows verified users to make unrestricted deposits and withdrawals for both fiat and cryptocurrencies, a feature not commonly found on other platforms. Three different fiat currency options are available, including USD, EUR, and GBP. Crypto exchanges like KuCoin introduce you to lesser known tokens offering high growth potential—giving savvy investors an edge in spotting early opportunities. Make sure you understand the difference between Spot and CFD trading before getting started. 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. Notably, there are no trust scores from CoinMarketCap and CoinGecko. 8, surprising analysts who were expecting a +5 reading.

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PrimeXBT offers the world at your fingertips, as the various instruments offered will allow the trader to take advantage of global trends, correlations between markets, and a whole host of opportunities. Uncover Bybit’s pros and cons, trading options, security measures, and other features of this crypto exchange. Once you have arrived on their platform, you will have the ability to make deposits using the software itself. Forex trading, in particular, is one of its key offerings. KYC checks not only protect the clients but also the entire crypto space. Navigate to the asset you want to deposit, and you will be shown a screen with your crypto deposit address. The trading of leverage offers a lot of opportunities but is to be used professionally. It has gained popularity for its crypto margin trading capabilities. PrimeXBT offers various promotions for both new and existing users, including a referral program, an affiliate program, and bonus rewards for users. The crypto market is open 24/7.

Updated Dec 12th, 2024

ImhoThat’s why I decided to trade here. Evaluating your investment objectives, level of experience, and risk tolerance is important when considering whether to trade foreign exchange. Moreover, PrimeXBT does not provide Virtual Private Server VPS hosting, which is necessary to achieve ultra fast order execution speeds. Ideological and political posts or comments are considered nonconstructive and off topic unless paired with analysis of political events and how they influence the market. The desktop platform largely follows the industry standard layout, making it familiar and easy to use for traders moving from other trading platforms. Some bar charts will also be color coded. JP Morgan used the quoted term to describe a worst case cut scenario by Russia, which could send the price per barrel to over $380. Trading Bitcoin options is generally a bad idea because traders lose money, and they can be expensive just to access.

Profit off the First Ever AI Powered Casino 💰

Depending on your jurisdiction, some products or services might not be available. I found that funding fees on PrimeXBT were noticeably higher than on Binance and Bybit. Prices are indeed realy low here, from 0. Yes, PrimeXBT is recognized for its excellence in the crypto trading sphere, offering low fees, high leverage, advanced features, copy trading, robust educational resources, and engaging trading opportunities. Availability and Responsiveness of Support. PrimeXBT’s partnership program also allows partners to expand their business globally, offering exclusive deals, promos, and networking events to help grow their business internationally. Unlimited via Perfect Money. Sim, o aplicativo inclui ferramentas avançadas de gráficos e indicadores técnicos para ajudar os traders a realizar análises detalhadas do mercado. This gives you an in depth overview of the operational status of the trading engine, deposits/withdrawals and website. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Reg. He strongly recommends it to all traders. If you do not understand the risks involved, or if you have any questions regarding the PrimeXBT products, you should seek independent financial and/or legal advice if necessary. 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.

Web3 Starter

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. The registration process is fast and transparent. Eventually, that weighs upon the trading price. Between euphoria and complacency, an expert trader will exit their position before the bear market kicks in. You must be logged in to post a comment. Upon joining a contest, you will be provided with a free pre funded contest account. Before you press “Confirm”, review the order. Understand your risk tolerance and capital allocation. Past performance is not a reliable indicator of future results. However, the countries listed below have been excluded. Attend exclusive PrimeXBT events, network with other clients and learn new skills. These other payment methods will depend on your country selection. To protect customer funds from hacks, Bybit uses cold storage solutions, utilizing offline cold wallets that are secured in an air gapped environment. Your email address will not be published. The other option is to buy cryptocurrencies through a cryptocurrency exchange platform.