PrimeXBT Reviews and Product Details

Besides, there is an address whitelisting feature, which lets you withdraw funds to pre approved addresses only. The site offers many services currently but none has yet reached the mainstream, implying it could continue to be a very profitable market. This can be either an in house broker specific platform, or a third party platform as an alternative to Darwinex. Cryptocurrency and forex are similar in that both are volatile, highly speculative financial assets. These orders are as “safeguards” when trading. PrimeXBT allows you to have separate accounts on one account by using a Wallet and a Trading Account. You subscribe to their trades and their trades are automatically copied to your account. Click Download and confirm the file download if you see a warning. The only item that needs to be added is more transparency about its core management team. The top 5 crypto copy trading platforms are Finestel, Bybit, PrimeXBT, 3Commas, and Coinmatics. These tools help traders make informed decisions and improve their trading strategies. All the content on BitDegree. Best regards,The PrimeXBT Team.

How To Make Your Product Stand Out With Contests on the PrimeXBT Platform

Reputation AndReliability Comparison: PrimeXBT, ByBit, and Binance

When you trade CFDs, you’re betting on price changes from when you open to close a contract. It’s intuitive and customizable, which makes managing trades and accessing market data really straightforward. Trade big events with PrimeXBT. We also tested the trading functionalities by exploring different trading pairs and conversions and assessed the associated fees for transfers and withdrawals. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. PrimeXBT has never suffered a hack or security breach during its operational history. The corporate structure of PrimeXBT is somewhat unclear, as the platform consists of various companies registered in different locations, each providing different services. Always check the details before participating. Further, the exchange also offers a 10% discount on trading fees when paid using Binance coin, making it one of the cheapest derivative exchanges in the category. 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. Date of experience: 13 July 2023. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. However, I do understand that this trading style may not be for everyone. Although this is a perpetual futures trading pair, not a direct comparison with our other trading tests, my experience trading derivatives on Binance, Bybit, KuCoin, and Kraken indicates that PrimeXBT performs just as well in terms of order execution and fills. In my experience, PrimeXBT’s desktop platform delivered a smooth and reliable trading experience. Returns or profits may be subject to capital gains tax. PrimeXBT actually lets you buy cryptocurrencies outright. The company is still young and these things take time but it definitely is concerning for our team. The Olympics are here and PrimeXBT is giving 10 traders a total of 5,000 USDT during its Olympic Demo Trading. Enter your nickname to participate and accept the tournament rules check the box. Btw, spreads are good, too. Once you apply a new promo code, it will activate the corresponding bonus and replace any previous promo related bonus. The support at PrimeXBT is pretty dope. Everything we do is in service of our clients and their best interests. The entities above do not offer services to residents of certain jurisdictions including the USA, Canada, Iran, North Korea, Russia, and other Restricted Jurisdictions. However, please note that the amount should exceed the withdrawal fee for the asset you wish to withdraw.

Contests on the PrimeXBT Platform in 2021 – Predictions

A better wayto trade

However, always consider your individual needs and trading experience. The content of this website is not intended for residents of the European Economic Area or the United Kingdom. On the PrimeXBT platform, there are three main sections which can be accessed in the header toolbar. The network allows one type of currency to be sent from one peer and arrive as a different currency to the receiver. Unlike Binance or Bybit, you can’t filter by category, but given the limited number of markets, this isn’t a major issue. Receive the latest news and stay informed. The main of the era was the 显示详情 ability to buy and sell ADA and saw the www.primexbt.com delivery of the Daedalus wallet, the official IOHK wallet. The platform offers a unique sliding leverage system with up to 200x crypto leverage trading and up to 1000x leverage for trades on traditional assets. That would be a significant increase from where the market has fallen, roughly doubling the price of Ethereum at the end of 2022. The 24 hour trading volume amounts to $242484049 USD. PrimeXBT offers a user friendly trading platform with customizable workspaces, charting tools, and a variety of order types, including market orders, limit orders, stop market orders, and protection orders.

How to Cancel a Withdrawal on PrimeXBT

We appreciate your thoughts on the number of trading instruments. The trading interface on Bybit is quite standard in comparison to what you will find on many of the top tier exchanges as it has proven to provide a great trading experience with loads of functionality. However, Bybit supports deposits for over 300 cryptos while PrimeXBT only supports deposits for 5 cryptos BTC, ETH, USDT, USDC, and COV. PrimeXBT provides 24/7 customer support via live chat and email. Read on to learn all the tricks of the cryptocurrency trade. This is an immediate red flag that should not be ignored. Verification can help ensure real people write reviews about real companies. 8 for PrimeXBT Futures Pro. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Other potential fees include charges for premium services, data fees, conversion fees, and special transaction fees. We’re committed to providing a robust infrastructure that supports traders in managing their exposures and achieving their trading goals. Futures contracts are popular with investors looking to hedge or speculate on Bitcoin’s future price. So, these settings are getting more and more flexible with all platforms now. The required margin is different for each trade, so make sure your account is appropriately funded. Additionally, you cannot set stop losses and take profits directly from the order form. Their list of features includes but is not limited to algorithmic trading, charting, back testing, crypto portfolio management, screeners in addition to crypto signals, crypto trading bots. Coinbase is the better crypto focused platform, while PrimeXBT is better for traders who want to trade CFDs and multiple different markets. PrimeXBT offers an award winning crypto futures platform that supports copy trading. As the market trended down, the price reached my stop loss, triggering and executing the order as expected. In an alternate scenario, you may have projected the market movement incorrectly. Scan the QR code with your device’s camera and get APK file. That being said, it’s trajectory looks to be more of a parabolic type of move, with the first couple of years being more slow and steady. 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. KYC is optional on PrimeXBT. PrimeXBT offers a demo account that introduces traders to the broker’s services and allows them to tweak their strategies in a risk free environment. However, the platform does have higher fees compared to competitors like Binance and Bybit, which can cut into your profits. Ethereum has surpassed Bitcoin usage thanks to the DeFi explosion, but Bitcoin is right behind it. Trolling, in all its forms, will lead to a suspension or permanent ban.

How to deposit and withdraw money on Primexbt?

Each wallet is designated for a specific cryptocurrency. But it offers the same leverage options as futures contracts with high liquidity. PrimeXBT Trading Services, S. PXBT Trading Ltd, is a licensed Securities Dealer in Seychelles under License No. Overall, I rank PrimeXBT in the middle of the pack. I want to be a members member. Investors can make well informed decisions about their involvement with Polkadot as an investment opportunity by maintaining a balanced perspective and carefully weighing the benefits and hazards. How to claim a 50% deposit bonus on PrimeXBT.

Access more products from a single accountAccess more products from a single account

Remember that using a VPN for trading on PrimeXBT, or any other platform, is at your own risk. Go to the pool of traders and choose one or more traders whose strategies suit your needs3. However, the broker does not provide comprehensive market research, and some of its spreads exceed the industry average. Northern Mariana Islands. Most online brokers try to provide options to customers in terms of accounts and our PrimeXBT review found that their service is no different. This is active and manned 24/7. Active users across the world. In that case, you don’t have to buy or sell XRP/BTC but only speculate on their price variation using Bitcoin. The global platform is available to customers worldwide, except for countries with service restrictions such as the U. A margin brokerage account lets investors deposit cash or other assets to be used as collateral. However, you can use third party services to convert fiat into cryptocurrency and then deposit it into your account. Learn more about CEX. 80 for using the BNB Smart Chain BEP20 network, whereas Binance charges 0. In the event of system overloads, PrimeXBT’s trading engine efficiently manages order queues to mitigate the impact of high volatility. This can amplify your potential profits, but also magnifies potential losses. Shorting Dogecoin means that you are betting on the price of Dogecoin falling. 01 BTC on the exchange. This fee applies to both market orders and limit orders. But, it might be too complex for beginners, unlike BingX, which is easy to use for new users. There are discounts available for institutional traders and whales who trade 300+ BTC worth of volume in a 30 day rolling trading period. As we mentioned previously, Musk has been known to post on Twitter currently X about Doge price and other related opinions/updates. PrimeXBT offers mobile apps for iOS and Android, providing the same trading instruments. Gotta give credit where it is due, the Bybit team seriously stepped it up. PrimeXBT is a leading cryptocurrency and multi asset trading platform that offers users access to a wide range of markets, including cryptocurrencies, forex, commodities, and indices. This may be a more prudent move as even the slightest amount of volatility can lead to an exhaustion of funds with 100x or 1,000x leverage.

Savvy customers will not miss a discount of 50% thanks to the Primexbt deal

Withdrawal options include. Once a withdrawal has been requested, users will have to wait for the PrimeXBT team to process it as withdrawals are manually processed. Having analyzed the PrimeXBT website, we came to the conclusion that, unfortunately, there are no special training programs or courses for beginner crypto traders. CFD stands for contract for difference. And many cryptocurrency exchanges that require KYC have made streamlining transactions a priority. An In depth Guide to Altseason Altcoin Season in Crypto. This practice is highly appealing, especially for traders choosing reduced exposure. Founded in 2018 and headquartered in South Africa, PrimeXBT is a financial derivatives broker that provides forex, CFDs, and crypto futures trading solutions. Using an incorrect deposit address can result in lost funds or failed transactions. Our website uses cookies. Given that PrimeXBT has developed a highly efficient trading engine, they are able to execute orders at below 7.

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Uptrends are characterized by higher highs and higher lows, while downtrends form with consecutive lower lows and lower highs. PrimeXBT is among the best South African brokers with a niche offering that caters perfectly to its target group. This may impact how, where and which companies / services we review and write about. The platform’s user friendly interface and the ability to trade across multiple asset classes also contribute to its positive standing. The core appeal of margin trading lies in its ability to significantly increase your potential gains. To purchase digital currency, you need to. With BitMEX under investigation and accused of harmful businesspractices, many traders left the platform for derivatives trading platformDeribit. The effort of sifting through and finding the right one can be a daunting task. Deposit Purchase crypto via bank card or transfer via third party companies. As far back as 2017 when the Dogecoin price was still at a meager $0. As a result, the price of COV on PrimeXBT is influenced by changes in the BTC price. We specialise in Crypto and CFD trading, offering a dynamic range of web and mobile platforms tailored to the varied needs of traders. 💰 No minimum deposits required 🤝 Copy trading features available ⚡️ Fast execution times 🌟 Wide range of assets to trade 🔒 Proprietary wallets for security 🛠️ Market tools and customizable interface 📚 Educational materials provided 🆓 Demo account option for trying out the platform 🌐 24/7 customer support available. Crypto Futures and CFD Services on our inhouse platform are offered by PrimeXBT Trading Services Ltd PrimeXBT, a company incorporated and existing under the laws of Saint Lucia, with Registration No. I tested both versions and found that they offered a smooth trading experience without any significant compromises. Commodities like Gold hedge against inflation. Risk warningBefore 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. Keep more of your profits with low trading fees. The fees are charged by a third party payment provider, and ranges from 3 to 5 %. The previous lower high November 05 was also formed on the MA200. If there’s anything else you need or further features you’d like to explore, please don’t hesitate to contact us at. This feature is appealing to users who prioritize privacy and wish to trade anonymously. PrimeXBT has one of the fastest signup processes, allowing users to register using an email address, Google account, or Apple account. Let us hope they are taken over by a professional group that can use the tech, either by licensing it or building a new brand beyond the shattered Bitmex name. But always keep in mind that the Crypto market can move in tangent.

Swing Trading: Acceptable Choice

When you trade CFDs, you’re betting on price changes from when you open to close a contract. The PrimeXBT trading platform has plenty of tools available to suit traders of most skill levels. Related: How to Convert BEP20 to ERC20 Tokens Guide in 2023. 25%, shows signs of recovery despite a 41. Borrowing a portion of the required funds as a margin loan enables traders to take on larger positions than their initial deposit would allow. If a confirmation email is not received, check the spam/junk folder. 2moon was founded in 2017 and uses a lot of astronomical lingo, images and themes on its website. 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. Bitcoke is a crypto exchange that operates from Hong Kong and does not ask for KYC verification from its users. If all the people you referred trade less than 100 000$USD in a month, you will earn 20% of their trading fees. Therefore, when adopting a cryptocurrency trading strategy, ensure that whales will also use it. $20,000 or equivalent for unverified users. What also makes it stand out from other crypto exchanges is that it has more than 12 liquidity providers, thus making it easy for people to get money onto its platform. PrimeXBT is often praised for its low fees with spreads as low as 0% and trading commissions as low as 0. Is the bonus still avaible. KYC is becoming more and more common for many of our favourite exchanges, so it is nice to have this option for traders who appreciate privacy. You should only buy any Crypto asset if the current sentiment is positive, the trend is up, and technical indicators support making a purchase. While leverage can be a great tool, it needs to be respected. If there is a case where a trader exhausts their equity and the value of their account falls below a certain level, they will get what is termed a “Margin Call”. Some features and services may vary depending on where you reside. Register an account with PrimeXBT. In the next section, we will provide practical tips for optimizing your trading strategy on PrimeXBT using limit and market orders. Beyond that, Cardano has an energetic team at Input Output Hong Kong, which continues to push the boundaries of Cardano. 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. Date of experience: April 29, 2024. The app is optimized for performance on iPhone and iPad, ensuring smooth operation and quick response times. These alternatives offer various discounts and deals, making them competitive options for cryptocurrency trading. If you want to know more details about PrimeXBT payouts, such as what payout methods they accept, please check out the specific information below or follow up with PrimeXBT Affiliates contact.

What is a swap fee?

SD162, having its registered office address at IMAD Complex, Office 3, Ile Du Port, Seychelles. However, the order form lacks the range of conditional orders found on Binance and Bybit, limiting strategies like TWAP. A strategy is a pool of a trader’s personal funds which are visible to the public and can be followed by other customers on the platform. Our in house experts will assist you with their hand picked recommendations. Bybit has a great selection of over 400 crypto assets and almost 600 trading markets, which is quite impressive, it is no wonder that Bybit has become an oasis for crypto trading. For instance, strategic selling of assets to stay within the allowance can be beneficial. Do not stray conversation far from the post you’re commenting in. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. Date of experience: May 03, 2024. Date of experience: December 27, 2024. PrimeXBT offers one account type to all traders, ensuring equal treatment among its traders. Its trading commission is uniform all through the platform.

Diego Sanchez

All you need to use Changelly is a non custodial wallet like Exodus, Ledger, or MyEtherWallet and more. The exchange is user friendly and suitable for novice and experienced traders. 00305% daily funding rate for eur/usd. Futures and conventional derivatives, CFDs. Deposit Purchase crypto via bank card or transfer via third party companies. Note: Users located in the US and UK are not supported. The Dogecoin network allows peer to peer transactions to be recorded on the blockchain without any intermediary. The lack of transparency regarding the founders, leadership, and Proof of Reserves is concerning and may deter some traders. Here are some key points for the PrimeXBT bonus terms. If traditional exchanges like Coinbase and Gemini are ordinary sedans, exchanges like PrimeXBT are F 1 racecars—the driver can go far fast, but if they don’t know how to drive them or the roads have unexpected turns, the results could be catastrophic. However, those who choose not to verify their identity are limited to a 24 hour withdrawal limit of $20,000, and withdrawals may be subject to manual review if they trigger suspicious alert activity. More exciting assets and features are yet to be added to PrimeXBT as the platform scales, and when they do, they will indeed be available on the mobile trading app. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. With only around 40 cryptocurrencies supported, they have the majors covered like BTC, ETH, LTC, XRP, DOT and more. Our commitment to innovation and growth ensures that we continue to adapt and expand, providing a safe and efficient trading environment for all.

Bernd K

PrimeXBT is one of the rare brokers with two margin call thresholds 16. It implements a tiered withdrawal limit system, catering to unverified and verified users. It can also be used to ensure tax compliance, for example, many exchanges operating in the US use this information to issue 1099 forms to both investors and the IRS. Leverage allows a trader to place bigger positions than a typical account will. PrimeXBT does not offer any information about Proof of Reserves PoR for customer deposits. Robinson moved into his current role of Executive Chairman, where he spends the majority of his time developing and executing group initiatives, either through the identification and execution of new acquisitions or developing and strategizing growth strategies for the existing portfolio. Nothing can be quite as frustrating for a trader than an exchange that takes a long time to respond to their questions or customer support queries, especially when open trades and live money is on the line. The content of this website is not intended for citizens or residents of the European Union, the wider European Economic Area, or the United Kingdom. WE SHALL PUBLISH A NOTICE ON OUR WEBSITE OF ANY CHANGES THAT WE DECIDE TO MAKE MODIFICATIONS TO THE FUNCTIONALITY AND IT IS YOUR RESPONSIBILITY TO REGULARLY CHECK OUR WEBSITE FOR ANY SUCH NOTICES. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Robinson is also a member of the Young President Organization YPO, NextGen network of executives and the Council of Urban Professionals CUPA. Whilst my experience trading derivatives on PrimeXBT was positive, I was disappointed by the limited number of available markets compared to competitors like Binance and Bybit. Human help when you need it. Are they actively engaging with those users, through things like promotions, giveaways, quizzes, and all the things that make social media attractive and fun. To deposit PrimeXBT supported Crypto held on an external wallet, go to the Main page,. Make sure you understand the difference between Spot and CFD trading before getting started. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. Explore more about the program and maximize your earnings today. There are infinite different ways to build a strategy that uses different tools and techniques in different combinations, at different times. Then, creators can regularly share valuable content, engage with followers, and promote referral links strategically. Compensation Fund per user. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. Liquidation occurs when the value of your position falls below the minimum margin requirement set by the exchange. 2 of PrimeXBT’s Terms and Conditions. Yes, I tried copy trading with PrimexBT and the experience was quite positive.

CiscoPantaleon

To get this bonus, you need to fund your account from $1000 it is not specified whether the bonus applies only to new clients or to existing clients as well. Copyright © 2025 EA Trading Academy. Trading with a regulated broker will limit the potential for fraud and malpractice. However, with the potential for magnified gains, your margin balance is also subject to magnified losses. Many of the solutions hosted on Ethereum are cryptocurrency market related, including cryptocurrency exchanges, wallets, crypto funded loans and NFT marketplaces. The future of Shiba Inu’s value is uncertain and so are the Shiba Inu price predictions by the experts. Thank you for choosing PrimeXBT and for your constructive feedback. Learn more about Baksta’s Legal Terms. Vincent and the Grenadines, and a recent move and consideration of becoming headquartered in Switzerland, PrimeXBT IS NOT currently regulated or licensed. Dear Javier,We’re thrilled to hear that our trading platform made such a strong impression on you. Date of experience: October 25, 2024. These features can be enabled in your account Settings. It has come to our attention that several websites, as well as several social media accounts and online discussion forum accounts, have been posing as PrimeXBT or official PrimeXBT staff members with the goal of scamming users and stealing their funds. Here, we’ll explore some key factors to consider when making this critical decision for your crypto leverage trading strategy. However, it lacks free withdrawal options, with existing ones incurring higher fees compared to most competitors. There is truly no limit to the amount of money that one can make trading Cryptocurrency with the right skills, strategy, patience, and a strong mind free of any emotions. In the trade tab, manage positions, explore watchlists, and analyze price charts effortlessly. Click ‘Deposit’ and follow the prompts. The DeFi expansion continued and as 2023 ended, ETH went from highs to highs. We’re glad to hear that you find the crypto options, including Bitcoin futures, on PrimeXBT exciting and fitting for your trading needs.

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Additionally, the platform’s focus on cryptocurrencies might limit options for traders interested in a wider range of traditional financial instruments. To increase your daily withdrawal limit beyond the standard amount, you must complete the account verification process. Crypto Futures and CFDs are high risk, leveraged products that may not be suitable for all investors, as they can lead to significant losses. By providing high leverage and a broad range of tradable assets, it has made cryptocurrency trading more accessible and appealing to a wider audience. ” This means that if the market moves against the trader’s position and maximum price reaches the stop price, the stop order becomes a market order, leading to the execution of the trade. It aims to prevent the use of cryptocurrencies for money laundering, tax evasion, and financing illegal activities. He primarly writes opinion pieces for Bitcompare. As PrimeXBT does not offer spot trading, we have used Perpetual Futures as a replacement for the purpose of the trading test. Our website uses cookies. Phone support is unavailable. The fee structure of PrimeXBT is quite simple and straightforward. Switching markets and searching trading pairs on PrimeXBT is straightforward. Beginners start to trade Stocks by educating themselves, opening a brokerage account, researching Stocks, and practicing with small investments. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. There are going to be a few growing pains along the way. With multiple support channels and a rich array of educational materials, PrimeXBT provides a supportive and informative environment that caters to the needs of traders at all levels. First let me make a slight disclaimer: paid Crypto signals are not necessarily more reliable, of better quality or accuracy than their free equivalents. Enter the PIN code we emailed you to confirm your withdrawal. Returns or profits may be subject to capital gains tax. You can set up a demo account for yourself prior to or alongside your live FX and CFDs account. 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. Leverage in the Crypto Futures means you can make much more significant gains than typical holdings.

AIRDROPS

Here’s a simplified example of how leverage translates to Crypto trading. Coin Bureau readers who sign up to PrimeXBT can receive a 35% bonus if they sign up with our sign up link. This limitation restricts users from using payment methods directly supported by PrimeXBT, making it less convenient to deposit funds. The responses were fairly detailed but lacked accuracy in addressing all queries. In contrast, competitors like Binance and Bybit provide more transparency, which can instill greater confidence in the security and management of user assets. Typically, it includes a percentage of your initial deposit or a fixed amount added to your trading account. No, completing the KYC process is mandatory for all PrimeXBT users before they can start trading. Let’s quickly cover a high level overview of the products on PrimeXBT.

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Go to Settings > Security and enable Install from Unknown Sources if prompted. In this PrimeXBT review, we will cover the platform itself, the features it offers, and will also give you some top trading tips that you need to know. Alternatively, you can deposit and withdraw Ethereum ETH, Tether USD USDT, ERC 20, USD Coin USDC, ERC 20, and Covesting COV coins. “Primexbt offers a $80 credit on services you want. The trader will either buy or sell a contract to take advantage of price movement, much like any other market. However, depositing or withdrawing fiat currency will require KYC identity verification. Pancakeswap is a decentralized exchange DEX built on the Binance Smart Chain, enabling users to trade cryptocurrencies and NFTs seamlessly. Returns or profits may be subject to capital gains tax. Yes, PrimeXBT and similar platforms often provide API access that allows you to connect your trading account to custom trading solutions, automate trading, or integrate third party tools and analytics. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. PrimeXBT does not solicit clients residing in the above regions and only accept clients that register at their own initiative. I believe that blockchain technology can build a brighter future and am excited to be part of it. First, there are no deposit fees, though the minimum deposit amount is set to 0. You can take on the price action of 100 shares, for a fraction of the cost. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. PrimeXBT calculates these fees based on the difference in interest rates between the two currencies in a pair. Becoming a PrimeXBT affiliate partner is simple. If not, you lose the value of the contract and the difference between the “guessed” price and the current market price. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Scan this code to download app. The main drawbacks are the lack of spot margin trading and the very limited number of available markets. Since then, it has retraced back to around $2. This option is the most lucrative, however, certain conditions must be met to be eligible to join. From what we conclude that for the entire time of the project’s existence since 2018, it has not had any security problems. PrimeXBT utilizes extensive cyber security implementations to ensure that strict measures and practices are in place to protect customer funds against risk. The company aims to become a global leader in online trading for various financial markets, including cryptocurrencies and commodities. Their entire service is also encrypted and you will be able to use two factor authentication when you want to access your account. PrimeXBT allows verified users to make unrestricted deposits and withdrawals for both fiat and cryptocurrencies, a feature not commonly found on other platforms. PrimeXBT is a versatile trading platform that offers extensive market access, particularly in cryptocurrencies and traditional assets like forex and commodities. PrimeXBT operates as a Straight Through Processing STP broker without a dealing desk.