PrimeXBT Review: Simple and Professional Trading
Designed for novice traders and professionals alike, PrimeXBT is a high-quality trading platform that is built to optimize the traditional markets Even in the midst of the current record-breaking volatility.
Beginning as a cryptocurrency exchange, PrimeXBT actually drives deep into the traditional market, offering a host of traditional assets and features that are typically associated with the trading platforms used by most within the market.
As a result of this, traders can utilize PrimeXBT as a unique leveraging option when facing the uncertainty of the current environment. But there’s more to consider than just that. We’ll take a closer look at just what this platform is really all about.
What is PrimeXBT?
Starting with the basics, PrimeXBT is a trading platform that has been registered from Seychelles, where it’s currently still based out of. Even still, global trading is still available and in a variety of different forms including cryptocurrencies, commodities, stock indices, and forex. As a result, traders from across the market are interested in utilizing it.
With several wins for Forex Awards and ADVFN for Best Bitcoin Margin Trading Platform, PrimeXBT is not only safe and secure but high performing as well.
That doesn’t mean it should be marginalized as only a bitcoin margin trader, however, It offers a great deal more than that.
PrimeXBT Trading Tools
High value leveraging is only one of the features of this platform, though it’s considered one of the best. In fact, there are leverage options up to 1000x, which really improves the profits generated through either forex or gold and silver.
When it comes to stock indices, cryptocurrency, and commodities the leverage maximum is up to 100x, which offers higher returns for those involved in these trades. A 0.001 BTC deposit can turn into 1 BTC with that 1000x, providing traders with the leverage they need to gain advanced positioning.
A leveraged position can be utilized for both long and short trades and is optimized based on the current position of the market. Stop-loss protection and the ability to improve profits even more dramatically while decreasing overall risk makes for a prime position for any trader.
On top of all of this PrimeXBT offers a customizable user interface with widgets and features that include multi-monitor support. The system allows for specialized trading studies that include RSI and MACD and utilizes built-in charting to maximize the information provided to traders.
PrimeXBT Assets
When it comes to available assets investors are offered unmatched portfolio diversification, while traders gain exposure to a plethora of both digital and traditional financial assets.
PrimeXBT began with cryptocurrencies and primarily with the most popular of those. This included Bitcoin, Ethereum, Litecoin, EOS, and Ripple, which all traded solely against the US dollar. It was followed by BTC trading pairs before the platform continued expanding.
PrimeXBT continued into CFD’s, providing for Forex currencies, stock indices and commodities through the process. This allowed for a larger offering and a better variety for those looking to begin trading or advance their situation.
One of the primary features of PrimeXBT is that traders are able to manage their assets, even a larger variety of assets, without using multiple platforms to do it. Diverse portfolios are available easily through PrimeXBT, which is not a possibility with most other platforms and services.
There are currently over 25 different Forex currency trading pairs available with PrimeXBT, which include FX pairs for AUD, CAD, CHF, JPY, NZD, USD, EUR, SGD, RUB, and TRY.
CFDs for stock indices also offer a range of different options which include DOWJ, EUR50, FRANCE, GER30, SP500, SPAIN, NASDAQ, HK-HSI, AUS200, JAPAN, and UK100.
Commodities offered include BRENT, CRUDE, and NAT.GAS as well as gold and silver.
PrimeXBT offers round the clock trading on all cryptocurrency pairings, while forex currencies trade Sunday through Friday at 21:00. Conditions vary across indices and commodities, so its recommended traders check each individual instrument for unique trading conditions by the asset. All trading conditions are transparent and listed clearly on the PrimeXBT website.
Registration, Deposits, Withdrawals, Fees, and Customer Support
The verification and security process for PrimeXBT is extremely simple, as the platform does not require KYC or extensive personal information. In fact, you’ll need only an email address and the ability to confirm the said address as well as a way of depositing at least 0.001 BTC into your new account.
Even better, the deposit process is simple even for new users. A Bitcoin address is automatically generated through the system, which allows you to transfer your BTC securely into your online account. If you are looking to deposit other forms of cryptocurrency or fiat currencies into your account it can be done through Changelly, which will deposit your money and convert it to BTC for trading purposes.
When you’re ready to make a withdrawal you can easily whitelist and verify any BTC address to make sure that the withdrawal is legitimate. This allows you to better control how your account is affected and what kind of money you’re withdrawing from the account and where it’s going to. This means that the money cannot be withdrawn into any account that hasn’t gone through the approval process.
In case of any problems there is even live customer support, chat, a help center, and a blog that are all available 24/7.
Referral Program
If you’re looking to build up a bonus there are several different referral programs available with PrimeXBT.
You can earn referral credit and commission on not only the individuals that you directly refer, but also on those who they refer, out to a total of four levels. This means you have the potential to earn even more money for each person referred after you’ve done the work.
The first level of the system earns you 20% commission while the second level will earn 15%, the third 10% and the fourth 5%. This allows you to continue making more money and reaping the benefits of bringing in new traders. For those with the most referrals it’s possible to earn over 51 BTC.
There’s also revenue sharing options with offers of CPA that range all the way up to 70% revenue share. This allows you to earn up to $1,250 per trader that you sign up for the program.
PrimeXBT Turbo
For those who want to really maximize the amount that they’re earning with trades, there’s a Turbo option. This new method gives you the ability to earn as much as 90% of profits in as little as 30 seconds or up to 5 minutes. There are contracts that can range also to 1 minute in the midst of these.
These types of profits mean that it is entirely possible to make huge profits in a short span of time, though it is also possible to lose the entire amount of capital. Practicing this is generally considered the best way to go and will provide for the best possibility of returns.
Security of PrimeXBT
Overall, PrimeXBT offers a very stable reputation in the way of trading and continues to offer excellent service. In fact, they have educational materials for those who are just getting started or who have questions and they provide Q&As from top traders within the market. They have excellent resources and benefits for traders and have even been the recipient of rewards for these types of offerings.
It’s generally considered that platforms who win high-level awards are safe and more proficient for their traders, which gives the impression that PrimeXBT is one of the best platforms for safety. The platform uses bank-level security, which means that personal information of traders is secure.
Because there is no KYC process involved it’s also possible to guarantee personal information privacy as well.
Conclusion
Overall, PrimeXBT offers a range of different features and provides some of the most variety in the way of trading assets. Because all of this is located on one platform rather than multiple it makes the trading process much easier for all involved. This includes advanced and professional traders using the most advanced features as well as beginners. The easy-to-understand process and features make it easier for those beginners to improve as well.
There are a number of different options to PrimeXBT that excel far beyond trading, and this makes the platform one of the most profitable options available for users.
Increasing leverage up to 1000x over some of the options including long and short positions means that this platform offers excellent features and opportunities. It takes very little time to get your account set up and you’ll even be able to try it out completely free, with no investment, before you really dive in. Just register for PrimeXBT here and get started for yourself.
