PrimeXBT: The biggest brokers you’ve never heard of

11332964 Registered Office: Unit 3 Mitcham Industrial Estate, 85 Streatham Road, Mitcham, United Kingdom, CR4 2AP. A CFD trading account does not require even a minimum deposit. 2 of PrimeXBT’s Terms and Conditions. PrimeXBT offers the only all in one platform that allows clients to buy and sell Crypto, and use them to trade 100+ popular markets including Crypto Futures, and CFDs on Crypto, Forex, Indices, Copy Trading, and Commodities. Before the guide is over, some intermediate and advanced concepts will be introduced for beginners to be aware of. Censorship Concerns: 51% of Ethereum Blocks Now OFAC Compliant. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. Leverage is a strategy used by expert traders to increase the return on their capital by increasing price movements by a particular factor. Make your Crypto work for you by using it to trade 100+ markets on our platform. You can also short a market with leverage if you wish. PrimeXBT has one of the fastest signup processes, allowing users to register using an email address, Google account, or Apple account. This is particularly useful for those looking to enhance their returns in various financial markets, including cryptocurrencies, forex, commodities, and indices. Below are a few more things to consider. This article provides a comprehensive PrimeXBT review. It is important to note that PrimeXBT isn’t just a cryptocurrency exchange. The agent responded within 5 minutes, offering detailed answers to some questions while completely missing others. Courses break down complex topics into easily digestible lessons. Bybit was also launched in 2018 and is located in Dubai. While it offers two factor authentication 2FA to enhance account security, several factors raise concerns about the platform’s safety and reliability. Primexbt crypto platform is 10/10. While optional KYC is beneficial for users who prefer not to share their personal information with third parties, KYC is essential for adhering to Anti Money Laundering AML regulations. Anyone can join this program without any restrictions. Personally, I secured my account using Google Authenticator and FaceID on my phone, and the setup process was quick and straightforward, taking just a few minutes. Io review for contrast. Additionally, you cannot set stop losses and take profits directly from the order form. Regulated by the authorities in Cyprus. This is because you know that over the longer term, your rules do make money. Overall, I rank PrimeXBT in the middle of the pack. The image below shows the top 8 perpetual futures markets for Stellar Lumens.

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PrimeXBT does not offer any information about Proof of Reserves PoR for customer deposits. There are many options that a person has when deciding the path to take when trading cryptocurrencies. It also provides a breakdown of individual crypto and US dollar balances. Leverage is a tool that allows you to control a larger position than your existing capital would otherwise allow. They also do not offer any downloadable PC client program to trade on, the platform is browser based only. Crafting a clear and comprehensive trading plan is crucial for maximising your success and minimising risks. Next, we will delve into the step by step process of changing leverage on PrimeXBT. Her answers were timely and well informed. The mobile app is slightly easier to navigate compared to the desktop platform, though the available trading instruments are still not ideal for beginners. When reviewing a broker, we assess if it suits different trading strategies and trader profiles. It also provides discounts to high volume traders. This means that traders can use the platform without undergoing identity verification processes. Scan this code to download app. Some products and/or services might not be covered by the Compensation Fund. Like most exchanges and financial sites these days, PrimeXBT has full SSL encryption. My deposit was credited after 20 network confirmations, which took a few minutes. Here is a look at the margin requirements for some of the 51 forex pairs available. Ad destination/click URL. Established in 2018, the company currently has over 100 trading assets available, 3 offices around the world, 12+ liquidity providers and enjoys an average daily trading volume of over $123,000,000. We may receive a commission for purchases made through these links. It takes just a few minutes to get started. With no monthly fees or minimum deposits, you can earn interest on your deposits and enjoy the peace of mind that comes with FDIC insurance up to $2. PrimeXBT operates a tier based referral program where you will earn a percentage of trading fees not only on those traders that you directly refer but also a percentage from 2nd and 3rd tier referrals. Though founded and registered in Seychelles, with offices in St. The broker publishes regular market news, weekly outlooks, and general market breakdowns. These products are not suitable for all investors.

Payment Method

Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. He has also been recognized for his achievements and was awarded the Goldman Sachs Fellowship, the Joseph P. Ask your question in the comments below. This will enable projects to interact with such examples as stock prices, football scores, weather, etc. There are also exclusive promotion periods and additional rewards for some of the top traders. This is large because cryptocurrencies have seen a huge price increase and many people want to get in on the action. For all questions, security issues, product related inquiries, and business proposals, please reach us. Things started to pick up in early 2020, but the Black Thursday market collapse took XLM to its current record low at $0. Coinbase is a cryptocurrency broker based in United States that launched its service in and offers individuals to buy and sell more than 73 cryptocurrencies. Keep in mind that you will have to use all of our tools here at Crypto Parrot to complete your trades. They’re not available in some countries, they also don’t offer lending services and there’s a limit on direct cryptocurrency transfers. Bitcompare PrimeXBT FX does not look at or list all companies or products on the market. Copy your unique referral link from the ‘Referral program’ section. The token, at least in theory, shields investors from steep inflation as it happens in mainstream crypto markets. The first contract is the “Reputation Contract.

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There’s more to think about than just spreads, commission, and overnight fees when assessing your potential profitability. Both platforms also utilize multi signature authorization for withdrawals and the movement of funds, meaning one bad actor can’t swipe the funds without secondary signature authorization. As we shift our focus to PrimeXBT, a platform where Dogecoin’s potential can be leveraged, understanding this cryptocurrency’s background becomes invaluable for traders and investors alike. Today 8 January 2025 SHIB SHIB/USD is trading at $0. The platform provides CFDs for forex, indices, commodities, and cryptocurrencies, but this review focuses on Crypto Futures. Knowledge to use all the available tools. Keep rocking those trades. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Registration No. These products are not suitable for all investors. Only for verified users. Day order system will show you many hours remain until the order is cancelled if not executed before. PrimeXBT’s fee structure is competitive, particularly for active traders, with transparent trading and withdrawal fees that are in line with industry practices. Its intuitiveness and simplicity provided a pleasant trading experience.

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PrimeXBT Trading Services LLC is incorporated in St. Users can reach out to the support team via email or the live chat feature available on the platform. This ensures that you can buy or sell assets without significant price fluctuations. Traders have the option to spread the platform out across more than one screen or can have numerous different markets on a single screen. Exchange one Crypto for another via your PrimeXBT account. This would be a partial stop loss order, as you still have some of your original position in play. However, insurance coverage is still rare within the crypto industry. It is a great diversification hedge. No, currently you have to make a deposit to get a bonus. Scan the QR code with your device’s camera and get APK file. PrimeXBT is not available for users located in the USA, there is no “PrimeXBT USA” option as there is with other platforms like eToro or Binance. However, Bybit has an edge when it comes to futures trading, so if users want to participate in leverage trading, Binance could be the best option. Requests submitted after 12:00 UTC are processed on the next day, ensuring a structured and timely withdrawal process for all users. Dedicated support via email, phone, and live chat around the clock to answer questions at any time. 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. Backtesting means that you are looking through historical data to see how your system would have performed. Welcome Offers and Sign Up Bonus: New users can receive a 100 USDT welcome bonus by depositing at least $500 within the first 48 hours after registration. 05% for cryptocurrencies is also lower than that of many comparable CFD brokers, emphasizing its cost efficiency in the competitive market. Protecting your trading capital is the essential thing you can do when trading. 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. For specific information about a cryptocurrency exchange or trading platform please visit that provider’s website. PrimeXBT users are known for their active engagement with the platform’s advanced trading tools and features. With Blockchain Life 2024 on the horizon, we are gearing up to provide an unforgettable experience in Dubai. Without KYC you will not be able to deposit from bank cards. Best regards,The PrimeXBT Team. Note ✍️: Be sure to read the TandCs that apply to this as well as what is acceptable promotion and what is outlawed. The responses were fairly detailed but lacked accuracy in addressing all queries.

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PrimeXBT operates in a wide range of global markets, offering its services to users in more than 150 countries around the world. Understanding the various bonus offers available on PrimeXBT can significantly impact your trading outcomes. Notably, there are no trust scores from CoinMarketCap and CoinGecko. Introduction to Gold Trading Gold trading is one of the more popular ways to trade commodities online. Remember, these are simplified scenarios. Org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. You can reset your account password using the Password recovery feature. Other such announcements are based upon specific industries, sections of the economy, and even age groups. PrimeXBT offers 24/7 customer service in 15 languages via live chat and email. These allow traders to speculate on the price of that crypto asset without having to own that underlying asset—helpful for traders who don’t want to have to deal with securely storing digital assets. It also does not allow direct setting of stop losses or take profits, requiring an additional step after opening a position. 01%, while on PrimeXBT, they were consistently over 0. These markets include cryptocurrencies, commodities, indices, and forex, each offering unique opportunities. Coinbase so that you can decide which one best fits your needs. For updates and exclusive offers enter your email. Examples of PII whether about yourself or someone else, can include amount of coins owned, income, taxes owed, addresses, phone numbers etc. Key Features of PrimeXBT Margin Trading. By leveraging, you can put up a small amount of capital and make the trade worth your while, and still have capital left over to make another trades with. Forex majors – up to 1:1000. Com are provided solely for informative/educational purposes.

Technical Analysis

You’ll gain new knowledge on market psychology, analysing trends, backtesting strategies, and more. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. It provides 31 Crypto Futures trading pairs and 37 CFDs, focusing on large cap cryptocurrencies like BTC and ETH. The absence of mandatory KYC and AML measures increases the platform’s risk of investigation and sanctions, similar to Binance’s $4. This can be appealing if you believe the price of the Crypto will rise. There are many trading strategies to choose from for trading Bitcoin. Before choosing the exchange that you want to work with, you need to assess factors such as the user friendliness of the exchange and whether it meets your needs. The entities above do not offer services to residents of certain jurisdictions including the USA, Canada, Iran, North Korea, Russia, and other Restricted Jurisdictions. After all, we asked, ‘Is Phemex legit. Each of these deposit methods has its own set of requirements, fees, and processing times, which will be discussed in detail in the following sections. Cardano may achieve significant growth and acceptance if its plan is completed properly. This selling by long term holders is nearing the March 2020 level and is the first major long term holder capitulation event in the current cycle. Our website uses cookies. Additional Recommendations. The first step in using PrimeXBT in the USA is to ensure you’re accessing the platform legally and in compliance with U.

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Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Click here to get an exclusive 35% Deposit Welcome Bonus on PrimeXBT. PrimeXBT offers a user friendly platform for trading cryptocurrencies, forex, commodities, and stock indices. As cryptos matured into valid investment vehicles, more governments have increased their crypto transaction monitoring, and companies must meet these legal expectations to remain operational. These become key SR levels the market respects. The PrimeXBT Bonus 50 allows traders to increase their margin and trading flexibility without needing additional personal funds. In the case of a hacker, gaining access to a user’s password will still keep the account safe, thanks to the 2FA protocols set on the platform. 2024 00343, having its registered office address at PKF Corporate Services Ltd. 159, during the cryptocurrency market bubble in 2021. Analysts have backed DOT and expect the price to increase substantially. Choose from many fiat payment options such as VISA / Mastercard and trade more than 350 cryptocurrencies. While higher leverage can indeed be risky, it’s great to see that you’re comfortable with your strategy. Donetsk People’s Republic. Day traders tend to watch lower time frames from daily, to hourly, and minutes. Reply from PrimeXBT Copy Trading. Robinson worked in various industry groups of Investment Banking for Goldman Sachs, Citigroup and Bank of America Securities. PrimeXBT’s overnight financing rates are very low, at 0. 00027507568 converted from 14.

TOP3 Recommended Crypto Exchanges:

Short selling, on the other hand, allows you to profit from falling prices in the market. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. Daily withdrawal limits on PrimeXBT depend on whether you have a verified account. Learn more about other kinds of reviews. This makes this platform the one with the widest possible market range. PrimeXBT offers two retail account types: Forex and CFD and Crypto Futures. First off, it stands apart from many other cryptocurrency initiatives because to its significant emphasis on scientific research and peer reviewed methods, which boosts its reputation. Bitcoin margin trading has helped inject institutional investors into the industry, which is a significant factor behind Prime XBT’s popularity. Simply navigate to the BTC/USD pair and click “Trade. Fees have become incredibly competitive in the crypto exchange industry and neither PrimeXBT nor Bybit will break the bank. Compared to exchanges like Binance and Bybit, which offer over 350 tradable derivative markets, PrimeXBT is limited and primarily suited for traders focused on large cap tokens and seeking higher leverage options. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and links to selected news, blogs and other sources of economic and market information for informational purposes and as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. 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. You can conveniently sort them according to their total profit. However, PrimeXBT’s clients must also have active accounts with the other broker to gain access to it.

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While there is only a handful of places that accept Dogecoin because of its high volatility, expert opinion seems to be generally positive as the cryptocurrency landscape improves overall. Prime XBT Blog Has Moved To — primexbt. Despite the limited FAQ section, the platform’s live chat and email form provided quick access to a support agent. However, when interest rates are low, cryptocurrencies become an attractive place to park money, which often leads to long lasting bull markets. The EUR/USD pair is a popular currency pair to trade in the. In case your balance goes negative, PrimeXBT will automatically adjust it back to zero, preventing you from owing the platform in the event of a sudden and substantial loss. Once your deposit has been successfully processed, you will receive a notification on the PrimeXBT platform, and the amount will be reflected in your account’s “Wallet” section. You can trade on OpenPeer directly from your self custody wallet like MetaMask or Trust wallet. Bitcoin Cash and Bitcoin Gold, and ‘Halving Events’, which occur approximately every four years. Create a FREE account and. Finally, execute the transaction by clicking “Send Order,” with automated exit orders in place for added security. Traders benefit from stringent security measures like mandatory address whitelisting, two factor authentication 2FA, and SSL encryption. It is if the trader is skilled. When we used PrimeXBT, we were reassured to see that the brokerage offers a demo account through its Contests. Share it online or with friends. Returns may be subject to tax. Because of this, traders will use a methodology or system to place trades and look for currency pairs that offer those setups. Additionally, technological advancements, such as Shibarium’s Layer 2 solution, are expected to enhance SHIB’s scalability and use cases. Diversify across more than just Crypto. Select the currency you want to deposit. When it recovered, the cryptocurrency once again rallied, this time to over $20,000 per coin, making it a household name. US users have access to more than 70 coins, which far outpaces PrimeXBT. PrimeXBT is our preferred platform for trading futures, because of its competitive fees, the number of markets it offers, and its user friendly interface featuring charting tools from TradingView. Exchange your Crypto for Fiat currency and withdraw it to your bank account. Navigate to the “Deposit” section of the app, choose your preferred payment method, and follow the instructions to deposit funds into your PrimeXBT account.

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Nothing as it is an amazing site and the good job should continue. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. These include 41 different cryptocurrency pairs with a max leverage of 200x and several forex/commodity assets with leverage up to 1,000x. 10 making it a stagnant year for Cardano. When the limit price is reached, a position is opened. The customizable trading interface has advanced trading tools and over 50 technical indicators. 3% in the last 24 hours. Deposits can be made to your PrimeXBT Wallet, or directly to any of your CFD Trading or Crypto Futures trading accounts. If you do not have this then you may have to wait for up to seven days as the broker manually resets this. The PrimeXBT Android app ensures that your trades and data are secure, giving you peace of mind while trading on the go. Reviewed by Alexander Goodenough. If you are used to the simple default design of crypto exchanges, Bybit is definitely your way to go. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Trading and investment platforms are websites and apps that make it easy for people to buy, sell, and trade different financial items from their computers or phones. SourceForge ranks the best alternatives to PrimeXBT in 2025. Risk management is important in leverage trading. On the downside, PrimeXBT lacks some essential services and features, such as swap free accounts and automated trading via Expert Advisors EAs. The Tenere Team strives to provide users with the most accurate and up to date coupon information. In order to access Crypto Currency Services, you need to open an account with Baksta through the trading platform and accept Baksta’s Client Agreement. We’re thrilled to hear that our advanced trading materials have exceeded your expectations and become a valuable resource for you, especially during flat market conditions. Also, the commissions for opening orders are very low, amounting to 0.

Worse

It also does not allow direct setting of stop losses or take profits, requiring an additional step after opening a position. Besides the above mentioned deposit and withdrawal options, PrimeXBT provides local payment methods in Thailand, Vietnam, and Brazil. Dear Nashit,Thank you for your feedback. Deposits in BTC only. In 2013, Jean Loup Richet, a research fellow at ESSEC ISIS, surveyed new money laundering techniques that cybercriminals were using in a report written for the United Nations Office on Drugs and Crime. Bybit has been expanding its user base, not only being adopted by retail traders but professional traders and firms as well, encouraged by Bybit’s sterling reputation and efforts in the crypto space. You can build out your own workspaces that you can access at the top of the platform. Information regarding past performance is not a reliable indicator of future performance. I consider the chart screen to be a platform’s most critical feature, enabling technical analysis and providing a clear view of price action. The painter can raise funds and offer people the option to purchase art for only fractional cost. Orders may be rejected for reasons like insufficient funds, slippage settings, or reaching the maximum allowable open positions. PrimeXBT operates in an unregulated gray area, lacking licensing from major financial authorities like the FCA or SEC. It offers both advanced and simple features for leverage users, which is a significant advantage for those looking for the best crypto derivatives trading platform. This comprehensive test allows us to provide an informed and reliable review of the exchange’s usability, features, and actual costs. They also worked with Dirk Hartig, who worked at BDSwiss and a couple of other brokers. Some products and/or services might not be covered by the Compensation Fund. Dear John,Thank you for sharing your experience with our support team. Information regarding past performance is not a reliable indicator of future performance. Alternatively, you can contact their team at if you have any questions related to security, account management or product inquiries. Because of this, it is an attractive option for Namibian traders who want to access international financial markets. The native Android app also lets our developers quickly deploy any new additions to the platform. Pearce was Senior Investment Manager for the Caribbean Investment Fund, L. Follow the instructions sent to your email to create a new password. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. In march 2024, Tesla CEO and Dogecoin enthusiast Elon Musk also hinted at the possibility of Dogecoin becoming an accepted payment method for the electric car manufacturing company. The Financial Commission’s role as a securities investor protection corporation, is to help traders come to an agreement with brokers or trading platforms they may have issues with.