What Makes Crypto Copy Trading Software Stand Out?

You can also customize your dashboard. For example, if you deposited with Volet, you must also withdraw using Volet. For all questions, security issues, product related inquiries, and business proposals, please reach us. PrimeXBT is currently offering a welcome bonus to all its new users that directly increase the funds that you can use to trade. The responses were fairly detailed but lacked accuracy in addressing all queries. It’s useful for those who want fast and lightweight interactions with the platform. Upon registering, users automatically receive a BTC margin account. 0450 BTC to your Trading account before the offer expires. If the app is unavailable in your region, you can still access it through direct download from our site. No CFD trading fees, but watch out for spreads, commissions, and swaps. Best low fee exchange. PrimeXBT is not authorised or regulated by any National Competent Authority or Regulatory Body in the European Union EU or the wider European Economic Area EEA or the United Kingdom UK. Authorized Dealer of Fred Perry and New Balance. 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. Here is a look at the Bybit trading interface. ‍Editorial disclosure: The editorial content on Bitcompare is not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. On the other hand, there is no stop out threshold. The platform that you use is essential as well. PrimeXBT supports multiple deposit methods to ensure that traders can fund their accounts conveniently. To install and use the PrimeXBT iOS App on Apple devices, the following system requirements should be considered. The platform is aimed both at traders who seek to make money on short term fluctuations in rates, and at ordinary buyers and sellers of cryptocurrency, for whom it is important to make transactions at favorable prices with low commissions. As a hot wallet, it’s accessible across multiple platforms such as Windows, MacOS, Android and iOS. I opened this long position with a tight stop loss. PrimeXBT offers competitive trading fees, charging a low 0. The UI/UX for both platforms is great, and both platforms have highly rated apps, with the PrimeXBT app even winning an award for best crypto trading app. It allows them to automatically copy the trades of more experienced traders, which can help them to navigate the markets while learning about trading strategies and market analysis. Scan this code to download app. Despite this, PrimeXBT still comes out more expensive than other platforms, where you can get a cheaper credit card fee of 2% on Binance and Crypto.

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It will also help you identify if you have accidentally landed on a phishing site of some sort. Beyond the Platforms: Essential Considerations. Each type of bonus has its own terms and conditions, so it is important to review these before claiming any bonus. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Remember to verify the validity and terms of each promo code to fully benefit from our offerings. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. Strategy managers on PrimeXBT’s Covesting platform provide transparent performance statistics, including. Depositing crypto assets via crypto networks was quick and easy, despite PrimeXBT only supporting 5 cryptocurrencies for deposits. The platform provides a variety of free deposit options for both crypto and fiat. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. When trading CFDs on PrimeXBT, the leverage you select reflects the amount of margin personal funds, you need to open a position. Each cryptocurrency asset offers a variety of unique benefits over one another. PrimeXBT’s focus on major cryptocurrencies and diverse financial instruments makes it suitable for traders looking to trade across different markets. About Brand Press: This is a sponsored content service, enabling brands to directly engage with our technology focused audience. Does this interface fulfill its promises in terms of aesthetics, user experience, and technical resources. Additionally, affiliate partners like financial bloggers and influencers might provide unique promo codes. The vast majority of blockchains, excluding privacy coins, are public. The broker keeps client funds in segregated accounts and ensures negative balance protection. Ready to explore the future of trading. To protect your account, please change your password at this link: and enable 2FA. A lot of CFDs for your consideration. Understanding these restrictions is crucial for traders who wish to use PrimeXBT, as it ensures compliance with local regulations and prevents potential legal issues. Date of experience: November 29, 2024.

Ring in 2024 with a special holiday deposit bonus from PrimeXBT

I reading a lot about this company before open accountServices and tools used by this broker of high quality and proven among traders. What makes the platform unique is that it’s fully autonomous, which discourages hackers from coming onto the platform and attacking the exchange to steal identities. Forexlive holds no responsibility for any liability, damages, or losses caused in connection with the use of any content on this page. Tony Severino – is a Technical Analyst, Content Producer, and Trader at PrimeXBT Broker PrimeXBT, leveraging over 15 years of experience in online media. Polkadot, a protocol that allows data or assets of any type to be transferred between blockchains, making a wide range of blockchains interoperable, with its DOT token serving a utility purpose. People listed as PrimeXBT employees on the broker’s website have their employer set to Finyard on LinkedIn. Get the most out of PrimeXBT promo codes and personalize your trading to fit your preferences and financial goals. Best regards,The PrimeXBT Team. There are three major players in the mobile app territory in the Apple App Store for iPhone and Google Play Store for Android devices. The main reason you should trade commodities is that they are one of the purest forms of trading available. Next, we will explore the asset classes available on PrimeXBT. Users can open accounts, deposit crypto, and start trading with just an email address. We’re delighted to hear that you find our platform convenient for trading both crypto and forex pairs. The support team is multilingual, providing assistance in multiple languages, which enhances accessibility for a global user base. 9 out of 5 from over 2000 reviews. It provides 31 Crypto Futures trading pairs and 37 CFDs, focusing on large cap cryptocurrencies like BTC and ETH. Support and resistance levels can either be horizontal, or diagonal. By having a larger position, requires you to have more margin, ultimately reducing exposure risk. 012 has been active for only 11 days and has already achieved an ROI of 361. The crypto market is notoriously volatile, and a trading plan can help you stay ahead of this volatility. PrimeXBT acts as an STP broker to ensure fast order execution and excellent liquidity for traders. Whether you’re in the US or elsewhere, it’s important to know if you can use PrimeXBT without any legal hiccups. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. It’s ideal for opening, closing, and adjusting positions, as well as placing market, limit, and stop orders while managing trade exposure. Over the last 24 hours, the price of Cardano has changed by 1. However, it has become standard on most trading platforms. WorthEPenny presents PrimeXBT coupons’ latest statistics.

Step 1

14 ETH/200, USDC or equivalent in BTC on your deposit. Our mission is to make PrimeXBT a global leader in online trading, for any financial market, from Crypto to Commodities. Date of experience: November 19, 2024. This guide will help answer important questions like “will Dogecoin ever be worth anything. Bitmart offers over 500 altcoins, making it the best choice for traders looking to explore lesser known cryptocurrencies. While PrimeXBT impresses with its wide selection of crypto CFDs and crypto futures, its overall instruments offering has a rather narrow scope. 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. 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. To evaluate the quality of customer services for diverse user needs, we created a unique trading test. The crypto KYC process does not equate to crypto transaction monitoring. IO is fully compliant with international regulations, holding 40 licenses and registrations worldwide, which demonstrates its commitment to security and transparency. However, if traders are to withdraw funds from the exchange then they may have to pay an arbitrary miner fee in order to propagate the transaction these are standard across the industry. So, if the USD/JPY currency pair is trading at 108. Therefore, we’ve decided not to include our usual rankings for PrimeXBT in this review. Emotional control and regulation are crucial when using leverage. PrimeXBT does not offer any information about Proof of Reserves PoR for customer deposits. Casual traders interested in digital assets can benefit from PrimeXBT’s extensive crypto offering. PrimeXBT stands out in the trading industry with numerous awards for superior performance and innovation. Lithuania, Saint Lucia. With five years in the field, he offers comprehensive insights into the crypto market for informed trading decisions. 1M+ community members. Recently, open interest in Bitcoin Futures reached a record high of $40. Active users across the world. This article provides a comprehensive PrimeXBT review. This places PrimeXBT more in line with the fees model of a CFD broker than a Futures exchange. However, KYC is necessary for fiat transactions. If you are going to trade a market, you need to know what can affect the price.

Why You Should Trade CFDs

Please note that only special contest accounts participate in tournaments, you cannot trade on your real accounts. For Followers, it’s an opportunity to automatically replicate successful trades, unlocking passive profit potential without actively participating in the market. You can choose from various stock indices such as the SandP 500, NASDAQ, and Nikkei 225. PrimeXBT does not charge inactivity fees, meaning there are no costs associated with maintaining an account that is not actively being used. However, PrimeXBT has not experienced any issues with customer funds throughout its operational history. Visit PrimeXBT to experience the platform’s cutting edge financial technology. But like any market, it has a lot to do with timing. Sorry if this is a stupid question. For me, I would not deposit much money or any with an unregulated or unlicensed exchange. How Prime XBT Direct Works. If you have any further questions or require assistance, please don’t hesitate to reach out to us. Our catalog of digital assets include the industry’s most popular: Bitcoin, Ethereum, Litecoin, Ripple, and EOS. PrimeXBT does not accept clients from the jurisdictions listed in the Company’s Restricted Jurisdictions List. Vincent and the Grenadines as an international business company IBC; it is registered with the financial regulator, the Financial Services Authority FSA. Scan the QR code with your device’s camera and get APK file. While withdrawing to a bank card is the fastest and most convenient option, the extremely high fees are a major drawback. We appreciate your feedback on adding more features for analysis. PrimeXBT offers a fixed commission rate of 50% of referrals’ profit share. Larger positions will require more margin and hence reduce exposure – and subsequently broader risk. =OI needed to figure out more details about trading with cross and isolated margin to understand what suits best my trading strategy and they have cleared out everything to me. Depositing funds from MetaMask to your PrimeXBT account allows for a smooth transition of Ethereum and ERC 20 tokens directly into your trading platform. EA Trading Academy does not hold registration as an investment advisor, broker, or dealer. I believe that blockchain technology can build a brighter future and am excited to be part of it.

Desktop Version

Whereas Brussels previously relied on national regulators to enforce rules, there will now be a pan EU authority to supervise compliance with anti money laundering regulations, bringing together the oversight of finance, including crypto, across the bloc. This cryptocurrency exchange is a good fit for: Experienced users looking for advanced features and opportunities designed to increase profitability. To provide you with the key facts right away, we have created a table with all key measures at a glance. This gives a leverage ratio of 10:1. While the platform’s advanced trading tools and customizable interfaces appeal to experienced traders, some novices may feel overwhelmed without proper guidance. Trading fees are the primary costs associated with executing trades on PrimeXBT. For your first trade, you identify potential setups and then decide whether you are going to buy or sell a currency pair. However, it’s essential to approach leverage cautiously, as it can also magnify losses. To add funds to PrimeXBT, log in to your account, navigate to the “Deposit” section, choose your preferred deposit method crypto, bank card, or fiat, follow the instructions to complete the transaction, and your funds will be credited to your PrimeXBT account.

Restricted Jurisdictions

As such, while the crypto exchange is one of the best alternatives to Bybit for traders and investors in the US, there are better choices than Kraken for international customers with easy access to Bybit. PrimeXBT was founded in 2018 and became a leading cryptocurrency exchange for derivative products and margin trading. This could be ideal for those who like to trade with technical analysis. The next time you need to buy Bitcoin or top up your trading account, consider taking advantage of the services provided by our new external partner and buying Bitcoin directly through PrimeXBT alternative deposit module integrated into our advanced trading platform. 5 for PrimeXBT and 3. If you have any further questions or need assistance, please feel free to reach out to us at. PrimeXBT does not accept clients from the following restricted jurisdictions: The United States of America, Japan, Saint Vincent and the Grenadines, Canada, Cuba, Algeria, Israel, Ecuador, Iran, New Zealand, Syria, North Korea or Sudan, United States of Minor Outlying Islands, America Samoa, Russian Federation and Myanmar. There is nothing worse than going through all the research, KYC verification, sign up process etc. PrimeXBT has access to over 12 liquidity providers and has an average daily trading volume of around 1 billion at the time of writing and is used by a few million users located around the world. This means your earning potential is enhanced with PrimeXBT. PrimeXBT operates in a wide range of global markets, offering its services to users in more than 150 countries around the world. For residents located in these countries or traders who prefer spot trading which is more common, I recommend checking out our OKX review and Binance Review. As a global trading platform, PrimeXBT is available in over 150 countries, making it more accessible than many of its competitors. Virtual Asset Trading License: HK SFC. Here are the conditions for each level. This broker has an amazing service, I reached out to them about one of their ebooks and I got a very explanatory response that I was very pleased with. However, there are some regions where PrimeXBT does not accept users, including. LinkedIn and 3rd parties use essential and non essential cookies to provide, secure, analyze and improve our Services, and to show you relevant ads including professional and job ads on and off LinkedIn. Learn more about Baksta’s Legal Terms.

Send

Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. Receive the latest news and stay informed. Here you will find a detailed review of the comparison of the top Bitcoin ETFs and Crypto Funds. Let’s say you send your broker a trailing stop loss order of $5. PrimeXBT only processes withdrawals between 12:00 and 14:00 UTC. However, insurance coverage is still rare within the crypto industry. 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. The platform delivers quick agent connections, but the clarity and attention to detail in their responses were sometimes lacking. This margin type provides a more comprehensive approach to risk management, as any potential losses are spread across all positions. You are making a trade based on future price movements. A Stellar price prediction for 2025 remains difficult at this point, as the coin is much smaller than others. Use of Scripts and Expert Advisors: Expert Advisors, programs, or scripts demonstrated within the website are for educational and demonstration purposes. Registration for PrimeXBT takes only a few short minutes and a matter of clicks to get started. Yes, Coinbase requires KYC for all its users. Keep more of your profits with low trading fees.

PrimeXBT Futures Trading Fee Structure

The company behind the trading platform is Prime XBT Trading Services and their registration number is 217308. It is also worth noting that not every trade will be a full contract, so therefore the calculation needs to pay special attention to the position size. These bonuses are designed to give traders an extra edge, enabling them to trade more effectively and profitably. Additionally, users can earn bonuses for reaching various trading volumes, from $100,000 to $7,000,000, with rewards ranging from $5 to $1000. Margin money goes a lot further than the money deposited in a cash account thanks to leverage. For our trading test, we thoroughly evaluated the PrimeXBT platform. Deposits are a minimum of 0. Regulated: FSC of BVI. I really appreciate it. Simply add a new time code generator in your 2FA app and enter the 16 digit backup code. While PrimeXBT has maintained a strong security record with no history of hacks, the platform’s limited transparency regarding customer funds and leadership structure raises some concerns. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Furthermore, you need to be very cautious about the amount of margin that you use on any particular trade because it does influence whether your gains or losses get magnified. Follow us for the latest updates and community interactions. Advanced trading concepts can be confusing for beginners. While some customer support agents have mentioned that the platform is working on establishing an insurance fund for customer deposits, there has been no official confirmation of this. 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. Scan this code to download app. Additionally, check if the platform supports your preferred language and complies with local regulations. It offers transparent fees, 24/7 support, and compliance with U. Although the absence of spot or margin trading is a drawback, PrimeXBT compensates by providing a comprehensive futures trading experience.

Year launched

It is worth noting that Perfect Money charges the 1. PrimeXBT comes with a powerful charting tool that is free to use and different types of charts, along with many indicators for making your technical analysis as accurate as possible. A financial instrument is different from an asset, acting as a contract to settle the trade at a different price than the entry. ProBit is a centralized crypto exchange with more than 400 cryptocurrencies available to buy, sell, and trade. PrimeXBT doesn’t charge any account fees, while deposits and withdrawals are also free of charge. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Compensation Fund per user. Date of experience: November 22, 2024. “Revenge trading”, or trying to make up previous losses quickly, is one of the most common ways to blow up an account using leverage.

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As a broker primarily geared towards crypto trading, PrimeXBT offers rock bottom BTCUSD spreads and high maximum leverage of 1:200 for crypto. The platform is user friendly and offers a highly customizable interface with advanced charting tools and technical indicators. However, it lacks spot, margin, P2P, and bot trading options, making it less suitable for inexperienced users. If crypto copy trading is something you are interested in, Gate. The company accepts only the following participants. These exchanges do not require users to undergo identity verification, allowing them to trade cryptocurrencies without disclosing personal information. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers. The PrimeXBT affiliate program offers individuals the opportunity to earn additional income by promoting PrimeXBT to their audience. Our Cannabis Thematix includes 5 of the most relevant companies in the pot field. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money. It provides a user friendly mobile app that caters perfectly to its core trader base and is a crypto forward brokerage. The broker is heavily focused on crypto services, offering an extensive range of cryptocurrencies but a limited selection of other instruments. 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. Investing in the Shiba Inu Crypto can be a great way to diversify your holdings. The services of BingX are not available to Canadian citizens, who are directed towards other beginner friendly exchanges such as Uphold. It also trades from one place to another successfully. To link your PrimeXBT account with the Telegram bot, you will need to initiate the connection process through the Telegram app. SD162, having its registered office address at IMAD Complex, Office 3, Ile Du Port, Seychelles.

Mobile App for PrimeXBT

We actually downloaded the PrimeXBT app and tested it out to see exactly how functional it was. Catering primarily to advanced traders, OKX offers several trading options and tools. With the new year officially underway, we’re looking back at the last month of 2024, thrilled by the fact that. Clients receive quality service and transparent market conditions in which both professional and novice traders can earn. I initiated a fiat withdrawal to my Volet account, which took almost 18 hours to process. Benefit from impressive leverage options, diverse trading instruments, and lightning fast execution. You should consider whether you understand how leveraged products work and whether you can afford to take the inherently high risk of losing your money. The systems, strategies, and examples discussed are provided for educational and illustrative purposes and may feature hypothetical or simulated performance results, which come with inherent limitations. Understanding the processing time for deposits on PrimeXBT is essential for effective fund management. The minimum order size for Bitcoin is 0. BTC/USDT 1:200%LTC/USDT 1:150%ETH/USDT 1:200%DOT/USDT — 1:50%UNI/USDT — 1:75%. You also have the option to insert a referral code if you were given one more on this later. You decide to close the trade once the pair reaches 1. 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. This can be a passport or other form of identification. Though the platform has a lot of positive reviews and few complaints, and a long history of satisfied traders, this is still an important consideration. Overall, I concluded that PrimeXBT is a good choice for casual crypto traders. Remember that the situation will differ for each person, but if you need more time to do trading, a copy trading strategy might be right for you. Trading hours may be affected during the holiday period. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Since then, it has also been interpreted as “hold on for dear life”. It is anticipated that there will be more projects down the road.

Worse

For a complete list of restricted regions, refer to Section 1. The millions of happy PrimeXBT users would probably disagree with me on this point. Market stability: ETFs can help stabilise the market by providing a steady influx of institutional funds. 03% for swaps well, its Trader PrimeXBT BR actually 0. During my testing, deposits were credited promptly but required more network confirmations than exchanges like Binance. You anticipate the upcoming negative news about cryptocurrency market, which will negatively impact the price of BTC, so you decide to sell ten Bitcoins at $7,400 for a total short position of $74,000 in value. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Vincent and the Grenadines as an operating subsidiary within the PrimeXBT group of companies. This surge reflects how quickly market sentiment can change in response to central bank actions. People like how easy the app is to use. Understanding these aspects is crucial for navigating PrimeXBT effectively and optimizing your investment strategy. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. An agent connected almost instantaneously to the chat. The deposit may take a bit of time to show up in your account due to the fact that the crypto will require confirmations on the blockchain network before they are deposited into your account. PrimeXBT actually lets you buy cryptocurrencies outright. As a derivatives trading platform, PrimeXBT does not offer any spot markets.