PrimeXBT Copy Trading Reviews

This can be something that you do in real time or something that you do over several hours, or even days, depending on the kind of timeframe you are looking at. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. A financial instrument is different from an asset, acting as a contract to settle the trade at a different price than the entry. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. You can deposit Crypto including Bitcoin BTC, Ethereum ETH, Tether USDT and USD Coin USDC. Below is a comprehensive overview of the fees associated with different payment methods on PrimeXBT. The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters. 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. Easily buy Crypto with Visa or Mastercard. However, we conducted a trading test and provided a detailed review based on our firsthand experience for those interested in the trading experience. Plan your trades effectively with our wide range of free trading tools. Trading involves risk. However, one aspect that could be improved is the absence of an API. I asked the customer support team whether Broker kryptowalut PrimeXBT their platform has services where a certain manager will trade from my account for a specified commission. $2,000 by bank card. Registered Office: Unit 3 Mitcham Industrial Estate, 85 Streatham Road, Mitcham, United Kingdom, CR4 2AP. Do not waste people’s time. This in turn should dramatically increases utility and demand for the ADA coin for use in these financial applications. Before the guide is over, some intermediate and advanced concepts will be introduced for beginners to be aware of. On the user side of things, PrimeXBT allows you to secure your account using a strong email plus password combination along with Google Authenticator based 2FA 2 factor authentication. Create a support ticket by email. Make sure to check all email folders such as Spam/Promotions/Notifications/Updates/etc. GBP/USD has a sell price of 1. Copy trading is a great tool for a lot of users with any level of experience. PrimeXBT’s mobile app mirrors the tools and features of the desktop platform, offering a range of useful functionalities, including. It’s great to know that our efforts to reward our users are making a positive impact.

PrimeXBT Review 2025

That being said, not all trading systems will work out for all traders. Seek independent advice if you have questions or do not fully understand the risks. PrimeXBT does offer free deposits for both fiat and crypto, but the withdrawal fees, especially for fiat, are higher than those on competing platforms. I’ve done that, and it sucks. Given the amount of leverage that traders can access, with the volatility in the crypto markets, we would suggest that you make use of the protection orders – for your own good. Scan the QR code with your device’s camera and get APK file. These are supported on both iOS and Android devices. Having said that, it is crucial to respect the potential damage that can come with larger position sizing. Bybit also uses SSL encryption, supports 2FA, and has insurance in place to protect traders in the event of liquidation posed by shortfalls in futures contract settlement. 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. A Doge price prediction isn’t impossible, but it may require a combination of technical indicators and heavy scrutiny of social platforms, forums and other places where Doge traders may gather. To sum up, while Bybit is the more secure exchange, both platforms follow responsible crypto management and cybersecurity protocols, with Bybit now joining the ranks of hyper secure exchanges like Kraken or SwissBorg. Forex: 51 pairs to trade, EUR, USD, CAD, AUD. Disclaimer: The content provided here is for informational purposes only and is not intended as personal investment advice. Global Markets and Crypto Futures Services are offered by PrimeXBT Trading Services Ltd PrimeXBT, a company incorporated in the Republic of the Marshall Islands with Registration No. This article is not intended for residents of the European Economic Area or the United Kingdom. Brand operating since. Trade fee is incurred each time you buy or sell assets on the market i. The platform lacks niche tokens or memecoins and does not have a launchpad or new project area, making it unsuitable for traders who want to trade the latest tokens. GBP/USD has a sell price of 1. 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. All these are making it more resilient and safer, with higher economic potential while keeping a small on chain footprint and encouraging responsible UTXO management. While there were many things that we liked about the PrimeXBT exchange, there are a few things that we think warrant improvement. Coinbase is the better crypto focused platform, while PrimeXBT is better for traders who want to trade CFDs and multiple different markets. PrimeXBT’s privacy and terms of service must be accepted by you. We apologize for any inconvenience this may cause and encourage you to explore other available deposit methods. When leveraging, traders can potentially enhance their returns by specific factors. With the help of PrimeXBT’s copy trading feature, inexperienced traders can monitor and replicate the trades of seasoned, profitable traders.

Bybit vs PrimeXBT

This transparency allows users to make informed trading decisions, about which traders to follow. How to get free USDT with our latest Galxe Quests PrimeXBT gives traders even more ways to earn free funds. The service is easy to use and the learning curve is not steep. It is ideal for experienced traders, offering advanced charting and a variety of tools to support diverse trading strategies. For our trading test, we thoroughly evaluated the PrimeXBT platform. They only have two types of fees, and these are the trade fee and the overnight fee. ByBit is another trusted platform that has no exposure to FTX and therecent crypto market contagion. Forex markets have a few basic trading strategies that you should be aware of. Studying these materials could be an immersive learning experience for aspiring traders. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Scan the QR code with your device’s camera and get APK file. Very High Triple A rating by Certified. PrimeXBT Trading Services, S. Once you choose a trading strategy, you’re almost ready to place your bet on Bitcoin. Imagine you start with $50 and enter a leveraged long position in the BTC/USDT market with 10x leverage, your position size will be $500. Want to buy Bitcoin outright or trade CFDs on Gold or EUR/USD. We reward our partners with the highest and fastest payouts in the industry. Bybit goes above and beyond, providing some of the most in depth analysis reports and tools free for anyone to access, so a tip of my hat to the folks over at Bybit for their selfless efforts here. When you get stopped out of a leveraged trade, there is no need to immediately put another trade in the opposite direction. Reply from PrimeXBT Copy Trading. Over the last 24 hours, the price of Cardano has changed by 1. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. 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. 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. These fees are typically a percentage of the profits earned and are designed to align the interests of strategy managers with those of their followers. What about education at PrimeXBT. If you do not have have the time or experience to trade or simply do not want to trade yourself, we highly recommend check out the Covesting module.

Concluding thoughts

Payments to partners are made in the same way as other withdrawals, i. It offers a comprehensive platform that includes metrics like daily/monthly profits, drawdown info, trading strategy, and trading history breakdowns. The most basic forms of technical analysis will try to determine support and resistance, or where markets attract buyers and sellers. Everytime my trade was in profit the spread widened until I got back to + 0 again. Its intuitiveness and simplicity provided a pleasant trading experience. Compensation Fund per user. Traders pay a premium to make a low risk bet that the price outcome will be what they expect, allowing the trader to profit from the price difference in the options contract. Of course, this also works on the way down as losses are also magnified. Advice: Include charts and data to support your analysis. The fiat withdrawal process was straightforward but took a long time. There’s more to think about than just spreads, commission, and overnight fees when assessing your potential profitability. Be certain to visit the PrimeXBT blog to learn more.

Introduction to PrimeXBT Bonuses

USDT and USDC TRC 20 tokens require 20 block confirmations which usually takes around 1 minute;. The EUR/USD pair is a popular currency pair to trade in the. We appreciate your appreciation and are here to support your trading journey. A limit order is an order that you give to the broker as an instruction to sell a currency pair at the market price once it reaches a specific target. PrimeXBT is an online brokerage that facilitates trading in spot and future instruments. Ethereum as a digital asset, and a blockchain network, plays an immense role in the formation of the Cryptocurrency ecosystem and industry as a whole. For added security, PrimeXBT allows you to lock the app with a passcode, fingerprint, or FaceID, in addition to their existing account security measures like 2FA. Overall, I concluded that PrimeXBT is a good choice for casual crypto traders. While it offers two factor authentication 2FA to enhance account security, several factors raise concerns about the platform’s safety and reliability. Cryptocurrency staking offers a way to earn money without actively trading or mining coins making it accessible to beginners. Trade with the bonus as stated in terms of the promotion. Channels for Customer Support. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Receive the latest news and stay informed. I can share a little bit what indicators I’m using during a trading session, these are: Ichimoku Cloud, Fibo retracement and the RSI index. The Covesting module, in particular, is often highlighted as a valuable feature that allows users to follow and replicate the trades of successful traders, making it an attractive option for both beginners and experienced traders alike. Conversely, if there is no buyer on the market willing to buy from you, you can’t sell. This enables traders to hedge positions, diversify their portfolios, and take advantage of market fluctuations using leverage. While PrimeXBT has received positive feedback, users have also raised concerns and issues that the platform needs to address. PrimeXBT and Bybit have a lot more differences than similarities when it comes to their offerings. PrimeXBT is a robust trading platform that offers a variety of financial instruments, including cryptocurrencies, forex, commodities, and indices.

Charting Tools

Date of experience: December 09, 2024. Do not stray conversation far from the post you’re commenting in. Our aim is indeed to provide a unique trading environment where traders can access not only a wide range of cryptocurrencies but also explore markets such as forex, commodities, and indices—all in one place. This strategy has been active for 729 days, making it a veteran name with a bright future. So to clarify I lost my 500 USD and lost 499. Register and join our community with millions of traders from all around the world. Bybit has become such a reputable crypto exchange that they have attracted institutional investors and professional firms as well as retail traders, despite the fact that they are unregulated. In my experience, PrimeXBT’s desktop platform delivered a smooth and reliable trading experience. Date of experience: May 28, 2024. PrimeXBT offers competitive trading fees, charging a low 0. Starting Price: Available on Request. Seek independent advice if you have questions or do not fully understand the risks. This means you not only earn revenue from the people you refer directly, but also from their ‘referrals’ referrals. There are multiple benefits for users who want to take advantage of copy trading such as. The information provided here is not an invitation to buy or sell products, nor is it an invitation to make an investment or trading strategy. Beginners and expert traders can join without KYC or AML and profit from the platform’s financial insights. From adjusting chart settings to organizing the layout of windows, MT4 offers a high degree of flexibility. Before the guide is over, some intermediate and advanced concepts will be introduced for beginners to be aware of. 01 BTC of my personal funds Margin to trade with 1 BTC. If, however, you do not have a wallet with cryptocurrencies stored, PrimeXBT still has a quick solution. Reply from PrimeXBT Copy Trading. It is possible to make a lot of money Day trading, and it is possible to become really good at it, but it takes a bit of work to get going and to become highly successful. This allows access to the markets. That’s why we decided to make a tutorial on one more crypto trading platform. Bitcoin’s price plays a huge role in how altcoins like ADA perform. With this convenient live chart, you can view the current ADA/USD price, analyze the price dynamics, trace historical ADA to USD exchange rates, build your trading strategy, and trade Cardano with leverage on PrimeXBT. Thus, the pricings for Cryptocurrencies provided on PrimeXBT will vary in accordance with the pricings across the exchanges from which liquidity is aggregated.

How to Install the APK

The margin options are also excellent, providing flexibility. Before 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. These contests, organized and sponsored entirely by PrimeXBT, provide participants with virtual funds for competitive trading, fostering user engagement and offering real prizes at no cost to the organizer. 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. These services are governed by the legal terms and conditions of PXBT. 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. You can use KoinX, a crypto tax solution platform and get accurate tax reports based on your location. With all of these leverage numbers, it is important to point out that this is the maximum leverage limit, and traders can opt for a lower number level. Based on its growing adoption and lowering deflation and scarcity, there are arguments that the coin will reach as high as $1 million in the next five to 10 years. Keep in mind that trading with margin may be subject to taxation. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Remember that PrimeXBT offers leverage on their CFD products, so it is not necessary to put down the full value that you are trading. Additionally, there are a number of products and processes that allow traders to be even more agile and profitable that have come in from traditional trading settings. Naturally, in this PrimeXBT Crypto Futures review, I’m focusing on the platform’s derivates services, but it should not be ignored that PrimeXBT copy trading is also a major part of its ecosystem. In our opinion, the presence of a position holding fee makes intraday short term futures trading more profitable for PrimeXBT clients than medium term and long term transactions. The rapid proliferation of new technologies, products, and related services has spurred incredible innovation and inclusion in the world of finance, but it has also created new avenues for criminals and terrorists to launder their proceeds or fund illicit financial activities. However, in this scenario, any extreme losses will be avoided. PrimeXBT offers a diverse range of assets, including cryptocurrencies, forex, commodities, and indices. Please read our risk warning here. It runs on RippleNet, a decentralized network of financial institutions that use Ripple’s blockchain and API technology to clear and settle transactions. Of course, these are the characteristics of the token that, unfortunately, challenge analysts when they make a Dogecoin price prediction. In contrast, competitors like Binance and Bybit provide more transparency, which can instill greater confidence in the security and management of user assets. It’s great to know you’re finding them accurate and effective. If it is, as a general rule traders will want to own that currency. Binance’s user friendly design and educational resources make it accessible to traders of all levels, providing a smooth onboarding experience for beginners.

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We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. The advantages of using leverage are pretty straightforward. Their emphasis is very thorough technical analysis that includes short term volume moves and book orders analysis. Low deposit requirements make it accessing, though some features can seem pricy 📸. Its spreads are average to high compared to the industry average, barring cryptocurrencies. Being established in 2018, they do not have the experience that other service providers have when it comes to offering online trading. That being said, individual traders do not have the means to trade in that manner, as to trade on the Interbank market itself requires millions of dollars. It is worth noting that most crypto exchanges still offer trading in DOGE, something that cannot be said for so many other meme coins. Traders can purchase crypto directly on the platform via card or convenient bank transfer, and the fact that traders can also access non crypto markets is a huge benefit that attracts traders.

Restricted Jurisdictions

Crypto Bulls Club projects that POL ex MATIC could rise to $3. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. PrimeXBT delivered a seamless trading experience. The platform provides leveraged trading for various assets, with maximum leverage of up to 200x for cryptocurrencies and up to 1000x for forex and commodity assets. 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. This fee applies to both market orders and limit orders. It’s just an agreement to buy or sell at a specific price and then pay the difference of the transaction with cash. As a global platform, phone support would be a useful addition for users that need urgent assistance. However, should also keep in mind that most assets involving commodities do tend to gain over the longer term, but the possibility of shorting one of these markets as it loses momentum is a great way to profit when others cannot. They were also quite knowledgeable so it shows that PrimeXBT has not palmed their support function off to some offshore location with people who don’t know what they are talking about. And for those looking for even more leverage, Bybit’s Leveraged Tokens market offers 30 tokens with 3x leverage. There are also exclusive promotion periods and additional rewards for some of the top traders. It’s often these assets that are extremely oversold that perform the best during the next bull market. Depending on your jurisdiction, some products or services might not be available.

Spend

That is why you should be extremely careful while getting your feet wet in the extremely rewarding but equally risky realm of margin trading. 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. Making a deposit in order to trade on any trading platform should be fast, easy and something that traders should not worry about. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. This feature is particularly useful for traders looking to capitalise on small price movements. Unlimited for verified users. The flexibility grants each user a personalised fit. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. Create a support ticket by email.

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Some of the key trading tools include. Twitter: aylerTBMLinkedin. Explore and compare the 5 most popular PrimeXBT alternatives and competitors. It offers a professional grade trading environment with advanced features tailored for leverage and derivatives traders. You can control up to 100x your account size with a 100:1 leverage ratio, which allows you to profit even from very small movements in the price of Bitcoin. Hedging is best understood as a type of insurance. One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. Without leverage, the trader’s profit on $6,000 would have been $2,000. PrimeXBT does not accept clients from the jurisdictions listed in the Company’s Restricted Jurisdictions List. Forex majors – up to 1:1000. Bitcoin CFDs can be interpreted in two ways. The entities above do not offer services to residents of certain jurisdictions including the USA, Canada, Iran, North Korea, Russia, and other Restricted Jurisdictions. With advanced trading tools and a user friendly interface, PrimeXBT is a popular choice for both novice and experienced traders seeking to profit from the highly volatile crypto markets. Bybit has also done an impressive job expanding its offerings, now contending with the likes of Binance and OKX thanks to their solid reputation, long standing track record, and respect within the crypto community. However, everything shifted after the halving. Be especially careful to consider what users say about the platform during peak market volatility. In terms of fees, PrimeXBT has transparent and competitive trading fees, with discounts available for high volume traders. It is also a great way for experienced traders to earn some extra income from other traders. Understanding these aspects is crucial for navigating PrimeXBT effectively and ensuring compliance with local regulations. Overnight Financing is the borrowing cost for using PrimeXBT assets for leveraged trades and is charged at 00:00 UTC for any position that is carried into a new Trading day. Google’s two factor authentication. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Reg. Censorship Concerns: 51% of Ethereum Blocks Now OFAC Compliant. Other than that, primexbt is awesome. If you are ready to place a trade, you typically need to change a dialog box from “market order” to “pending order. This means that traders can use the platform without undergoing identity verification processes. PrimeXBT’s overnight financing rates are very low, at 0. After that, the English section “For Traders” will open, where there is a subsection “Education”. If you are wondering, ‘is PrimeXBT safe.

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The app is fully compatible with tablets, offering all the powerful features available on smartphones. 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. They also vary depending on the asset being traded and the leverage used. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. CoinCentral’s owners, writers, and/or guest post authors may or may not have a vested interest in any of the above projects and businesses. Reply from PrimeXBT Copy Trading. In the table below, I have listed the maximum retail leverage available with PrimeXBT for instruments from different asset classes. However, the broker’s instruments offering is rather limited, and PrimeXBT does not offer any alternative to its proprietary trading platform.

100 Ways PrimeXBT for Cryptocurrency Trading Can Make You Invincible

PrimeXBT Turbo is the newest addition to the world’s leading multi asset margin trading platform, with it soon becoming a part of the fastest growing cryptocurrency platform over the past few years in that time going from launch to now managing up to $950 million each day in global trade. Please make sure to do your own research, make educated financial decisions and consult your Financial Advisor. Crypto Deposits: PrimeXBT offers free crypto deposits. The platform provides leveraged trading for various assets, with maximum leverage of up to 200x for cryptocurrencies and up to 1000x for forex and commodity assets. USDT, USDC and COV can be deposited via ERC 20 or BEP 20 network. Overnight fees apply to positions held open past a certain time, and these rates vary depending on the asset. Via the Trade page, PrimeXBT provides details on. Crypto Deposits: PrimeXBT offers free crypto deposits. Readers should do their own research.

Web3 Starter

Pro Tip 📲: Traders can use the PrimeXBT Telegram Bot which will send them price alerts, open positions and executed orders. Unlike some exchanges, PrimeXBT does not request Proof of Income/Wealth, making it a more appealing option for users who prefer not to share their personal information. We continue to understand the importance of the analysis section and will regularly be updating and improving this section in the next year. Brand operating since. If you have specific feedback on features you find pricey, feel free to share—we’re always looking to improve. Charts are powered by TradingView, giving users the full suite of technical indicators and drawing capabilities to carry out comprehensive technical drawings. This means you can start with amounts that feel comfortable to you, keeping in mind the need to cover transaction fees and the margin requirements of your trades. PrimeXBT offers only 40 cryptocurrency derivatives, while Bybit offers over 300. Traders can speculate on the performance of global major stock markets by trading indices. Restricted jurisdictions can be noted here. Using the CFD market, you do not worry about custody or wallets; you are just looking for price action to take advantage of. Crypto buy, sell, and fiat exchange services are registered and regulated by the Lithuanian Financial Crime Investigation Service FCIS, but trading services are not regulated in any jurisdiction. On the PrimeXBT platform, there are three main sections which can be accessed in the header toolbar. If the price falls by 10%, you can repurchase it back for $4500 and return it to the exchange. This blockchain protocol will allow the project to solve congestion and the high gas fees issues that plagued the Ethereum chain and in this relation Shiba Inu’s ecosystem. BitMEX: BitMEX is a widely recognized platform, mainly known for its margin trading options. Cryptocurrency exchange PrimeXBT is a multifunctional platform for trading cryptocurrency. The spread is insane and with the indices it looks like alternative universe when you see the difference between the numbers on tv vs the platform unless I am reading it wrong. In the Earn section, users can enjoy guaranteed yields in the Savings section, take advantage of low risk yield options like Liquidity Mining, Shark Fin, Launchpool, or participate in higher risk activities such as Dual Asset. Traders can select from USD, BTC, ETH, USD Coin, or Covesting as their base currency. When you enable 2FA, you add an extra layer of protection to your account. Every cryptocurrency has a team of developers behind it.