Cross Margin vs Isolated Margin: Demystifying Trading Terminology

Opening a Cryptocurrency account takes only a few clicks and usually some personal information such as email address. PrimeXBT offers a variety of bonuses and promotions for both new and existing users. I can say it is multifunctional and at the same time easy to use. We’re committed to providing a robust infrastructure that supports traders in managing their exposures and achieving their trading goals. In order to most appropriately manage market risk, PrimeXBT will reduce these leverage limits for those traders that have a higher exposure to the market. Founded in 2018, it currently serves more than one million customers from different countries. PrimeXBT organizes global networking events to help partners grow their businesses and connect with other industry professionals. Most traders will be looking at a longer holding period than just 2 years to make significant profits. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. The PrimeXBT affiliate program offers single tier commissions, which means the affiliates earn commissions only on sales they generate. However, due to regulatory requirements and restrictions, not all countries can access PrimeXBT’s services. On 9 February, 2021, Dogecoin price tested its very first all time high of $0. For example, here is the current list of digital assets right now according to the top ten cryptocurrencies by market cap are. Essentially, it enables users to browse and instantly copy their trading behavior through hundreds of trading strategies offered by the other traders, achieving the same returns as the leading traders on the platform. As previously mentioned, PrimeXBT offers its services to clients in more than 150 countries. PrimeXBT features leverage of 100:1 for crypto pairs. Profit from the markets by following the experts. 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. However, it’s important to remember that leverage is a double edged sword. Review collected by and hosted on G2. You can find a full breakdown of their fees on the PrimeXBT fees page. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. PrimeXBT offers a straightforward account structure with no complex tiers, making it accessible to a wide range of traders. Aside from user friendliness, both platforms have incredibly high quality and high performing matching and trading engines with the order functionality and execution of a professional grade exchange. Zengo’s 3 Factor authentication process ensures that 1 no one but you can control your crypto, and 2 your wallet is backed up, so even if you lose your phone, you can recover your crypto through a simple 2 step verification process. However, unlike some exchanges that prioritise complex derivatives, PrimeXBT offers a straightforward way to buy and hold Ethereum.

AMLA: Europe’s Answer to Crypto Regulation and Anti Money Laundering

Additionally, users can earn bonuses for reaching various trading volumes, from $100,000 to $7,000,000, with rewards ranging from $5 to $1000. 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. First Digital USD FDUSD. On the Internet, we have not found any feedback from clients who faced hacking of the platform and loss of their funds. Here are the steps to follow. PrimeXBT only processes withdrawals between 12:00 and 14:00 UTC. Notably, ETH long term also maintains a 100% win ratio with 22 orders. Click Download and confirm the file download if you see a warning. The PrimeXBT affiliate program offers an opportunity for users to earn commissions by referring new traders to the platform. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. Advanced trading concepts can be confusing for beginners. Reducing leverage and using more margin can help lower funding fees, which are higher than those of competitors. Shorting Dogecoin means that you are betting on the price of Dogecoin falling. If the app is unavailable in your region, you can still access it through direct download from our site. The lack of transparency regarding the founders, leadership, and Proof of Reserves is concerning and may deter some traders. Regardless, it is an option that you have on our platform at PrimeXBT. PrimeXBT’s mobile app mirrors the tools and features of the desktop platform, offering a range of useful functionalities, including. This website is owned by PrimeXBT PTY LTD. Subscribe to our newsletter, to be up to date with all the latest news, offers and special announcements. Do you want to get your money back from PrimeXBT Market. Commodities can also be used as a proxy for economic growth, especially in the case of energy. Traders have the option to spread the platform out across more than one screen or can have numerous different markets on a single screen. While it offers two factor authentication 2FA to enhance account security, several factors raise concerns about the platform’s safety and reliability.

◾️I received a ‘Welcome bonus’ offer How can I claim it?

Traders must consider interest rates carefully, as they can erode profitability, especially for long term positions. However, professional traders usually understand major market forces and try to mitigate market risks as much as possible. PrimeXBT’s tiered account structure ensures that traders of all levels have access to the tools and resources they need to succeed. PrimeXBT operates in an unregulated gray area, lacking licensing from major financial authorities like the FCA or SEC. We have watched Bybit go from a small insignificant exchange to one of the largest, most trusted and reputal exchanges in the space, one that we are fans of nowadays. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. They are a fully anonymous exchange which can be advantageous for those traders that value their online privacy and would not like to send over personal documentation. If there are any changes in the exchange rate of DOT to NZD, the amount will be automatically recalculated upon refreshing the page. We take your trust in PrimeXBT seriously. The markets are some of the most popular markets in the world that fall under this category and allow for diversification. This could be ideal for those who like to trade with technical analysis. My orders keep getting cancelled because the margin pool for BTC/USD is dried up. However, you need to be cautious because if Bitcoin were to drop, you would have seen an acceleration of losses. You can see the plethora of advanced trading options supported by Bybit, which has made this one of the top exchanges in the world for professional traders. Scan this code to download app. To evaluate the quality of Aplicación de PrimeXBT para Android customer services for diverse user needs, we created a unique trading test. Traders can also link their Metamask wallets to make crypto deposits. You can deposit with Binance Pay, it is so crypto focused, great. 80 for using the BNB Smart Chain BEP20 network, whereas Binance charges 0. Crypto markets offer extreme volatility, meaning that you can profit from significant price swings in relatively short amounts of time. Lead by example and treat others as you would wish yourself to be treated. While Bybit is solely a crypto trading platform, PrimeXBT offers forex, stock, commodity, and cryptocurrency CFD trading all on one platform. A withdrawal requested before 12:00 UTC will be processed on the same day. We want our brand to be synonymous with innovation and quality, and to build upon our reputation as a trusted and reliable partner for traders all around the world. The mobile app is slightly easier to navigate compared to the desktop platform, though the available trading instruments are still not ideal for beginners. Traders from all over the world are allowed to use the broker, except the USA and the other countries as stated above. Given the constant development of functionality and expansion of the services offered, PrimeXBT demonstrates the potential for further growth and improvement of its position in the cryptocurrency exchange market. While this fee might seem small, it is essential to factor it into overall trading costs, especially for those who withdraw funds frequently. PrimeXBT Trading Services Ltd is officially registered in St. This portfolio makes the platform appealing to traders who not only trade cryptocurrencies.

FAQs about CFD feesFAQs about CFD fees

Virtual Assets are high risk products, highly volatile, with fluctuating values. Pearce was Senior Investment Manager for the Caribbean Investment Fund, L. Our website uses cookies. Currently, PrimeXBT charges a very low flat fee of about 0. It illustrates the spreads and commissions I have recorded for the EUR/USD pair and compares them against the typical costs for ECN and STP accounts in the industry at large. Corporate Communication Structure and Transparency: The company does not share any information about its founder or current leadership on the official website. By employing these risk management strategies, you can approach Bitcoin options or any leveraged trades or Futures contract with a more informed and cautious perspective. While the app does send notifications for significant price changes in favorited assets, this is not as effective as custom alerts. From there, traders can develop a trading strategy and plan to manage against risk before making an entry into a position. For example, a position is so underwater that all available maintenance margin is gone, and although the broker began a liquidation process to fulfill any open contracts, with slippage and fees the account balance can become negative.

PrimeXBT Covesting Copy Trading

To view or add a comment, sign in. It’s important to only send the specified currency to the respective address. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. To claim this offer simply make a deposit and then make a transfer to the corresponding Trading account within the given time frame. 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. If there wasn’t enough supply of volume at that price level, you might have been left out. Take a break and reassess your trading plan and market conditions. Below is an example of how leverage will work on the PrimeXBT platform. EToro also employs advanced security measures such as encryption, 2FA, and secure asset storage to protect user funds. Forex Brokers with ZAR Accounts. For the remaining transactions, withdrawals will be securely reviewed and completed within 24 hours. PrimeXBT was founded in 2018 with the goal of providing traders with easy and immediate access to a wide range of global markets from a single platform as well as all the education and tools they need to succeed, regardless of their financial experience. We’re glad to hear that you’ve found a leverage level that you’re comfortable with and that it has helped you capitalize on the recent market movements. The exact leverage that users will be allowed for the position will depend on the type of asset that they are trading as well as the size of the position that they are taking on. Also check for community feedback on platforms like Reddit, Discord, or Telegram. And it’s probably only fair that we ask the same thing of PrimeXBT. However, insurance coverage is still rare within the crypto industry. Since PrimeXBT does not support LTC deposits, I transferred USDT using the TRC20 network. The exchange can be a good choice for those who are looking for an alternative to major market players and are ready to invest time in mastering new trading instruments. Some products and/or services might not be covered by the Compensation Fund. Note ✍️: Be sure to read the TandCs that apply to this as well as what is acceptable promotion and what is outlawed. 01%, while on PrimeXBT, they were consistently over 0.

Length of Use

All you need to do is activate a strategy, and it will run day in and day out until you deactivate it, doing the hard work for you. 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. This is what is known as the over the counter, or OTC market. In summary, PrimeXBT’s history is characterized by rapid growth, continuous innovation, and a steadfast commitment to providing a secure and comprehensive trading experience. By clicking Continue to join or sign in, you agree to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy. Instead, there is only one account providing all the broker’s services with no limits based on deposit size and trading volume. Its native token, OKB, as previously mentioned, is used to pay for gas fees interacting on the OKB chain, which is built on the Cosmos blockchain. Corporate Communication Structure and Transparency: The company does not share any information about its founder or current leadership on the official website. Only a small portion of digital assets are held in our online wallet “Hot Wallet”. Traders and investors use our platform. However, you can use third party services to convert fiat into cryptocurrency and then deposit it into your account. Piaskowa 2a, Zielona Góra. “, and “when will dogecoin reach x price. Please remember to manage your risk carefully, and if you need any assistance or have questions about our tools and features, feel free to reach out to us at. PrimeXBT is a centralized cryptocurrency exchange CEX that offers a user friendly environment and 24/7 multilingual customer support for traders of all levels. The bonus is credited instantly, making this an excellent opportunity to start trading with extra capital. Perfect Money is a very popular e payment method that makes it easy to deposit in fiat and trade Crypto or any of the other 100+ markets we offer. As such, it has a higher barrier to entry than other exchanges. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. While limit and market orders are the two most common types of orders, they are vastly different in their execution. Next, we will discuss the importance of staying informed and how to keep up with market trends and news for instant trading opportunities. It usually involves submitting documents like government issued ID and proof of address. This provides an opportunity for both experienced successful traders and followers to boost each other’s profit potential. Deposits are made through third party services such as Coinify, Changelly, Xanpool, CEX.

Accepted countries

It runs on RippleNet, a decentralized network of financial institutions that use Ripple’s blockchain and API technology to clear and settle transactions. For me, I would not deposit much money or any with an unregulated or unlicensed exchange. To improve trading and assist traders in making wise decisions, PrimeXBT provides a variety of tools and resources. AAVE’s price is at a pivotal moment. By reducing leverage, traders can limit their exposure to market volatility and potential losses. Spread capital across different specialties to optimize overall results. This website is owned by PrimeXBT PTY LTD. Here’s how it works. A margin brokerage account lets investors deposit cash or other assets to be used as collateral. Corporate Communication Structure and Transparency: The company does not share any information about its founder or current leadership on the official website. Matt Gaetz – XRP to Follow Suit. We rank licenses by various regulatory bodies on a three tier system, where Tier 1 licensing indicates the highest level of regulation. United States of Minor Outlying Islands. Active users across the world. PrimeXBT has an advanced trading system and displays efficient tools for analyses, this is really helpful for trading. Since its founding, PrimeXBT has grown substantially and now serves clients in over 150 countries and is a well known and respected exchange for providing clients with access to top tier liquidity and robust trading tools. You can fund your account on. 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. PrimeXBT stands out in the trading industry with numerous awards for superior performance and innovation. Woah, primexbt broker is def not for newbies. PrimeXBT provides copy trading through its Covesting module, allowing users to follow and copy the trades of experienced traders. All logins to your account are reflected in your Settings menu, under ‘Last logins’. Disclaimer: Our ranking system and methodology are designed to evaluate advanced trading platforms. I have been using Prime XBT for the past 4 months and so far I can say I have not received any problems with it. The world of Crypto leverage trading presents a captivating yet complex landscape for traders.

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Follow expert traders effortlessly and replicate their success. Lucia, while Prime Technology Ltd, which is the technical provider for the PrimeXBT platform, is registered in Seychelles. We offer a range of trading bonuses, as well as discounts on fees, on both CFD Trading and Crypto Futures trading accounts. Prime XBT also supports a number of transaction services such as. Crypto market analysts and speculators also regularly come up with targets for Cardano’s price. Both platforms follow industry best practices, and that is that they both keep the majority of their crypto in cold storage, out of the reach of hackers. After testing PrimeXBT, it’s clear that this platform is designed more for seasoned traders than beginners. Now you can follow the movements of the price of the asset with it coming closer and closer to the icon showing your contract expiry. The content of this website is not intended for residents of the European Economic Area or the United Kingdom.

Coin Search

The content of this website is not intended for residents of the European Economic Area or the United Kingdom. ICOs can be conducted on the Stellar blockchain, and the Kin cryptocurrency token was among the first to do so, however, the popularity of Ethereum for this task makes Stellar lumens less used for this purpose. Labeled Verified, they’re about genuine experiences. KYC is optional on PrimeXBT. To trade instantly on PrimeXBT, log in, ensure sufficient funds, select a market, set parameters, and execute your trade with a market order. Syla can be used to record your transactions by File Import. This is why so many people use technical analysis right along with fundamental analysis, using the fundamental analysis as a way to look for the directionality of the trade, and the technical analysis as a gauge for entry, stop, and profit taking levels. PrimeXBT offers 24/7 customer service in 15 languages via live chat and email. Despite initially gaining around 80% profit on a long term position, my experience turned negative upon closing. Returns or profits may be subject to capital gains tax. Now that I move off and over to BYBIT I am now building my equity again. Interestingly they just started a new channel, which seems to be part of the wider rebranding effort. Use stop loss orders to automatically exit your position if the market moves against you, limiting potential losses.

Contest links

Because the wrong platform can cost you more than just high fees; it could mean missed opportunities, compromised security, or worse. While it offers two factor authentication 2FA to enhance account security, several factors raise concerns about the platform’s safety and reliability. The Prime XBT Exchange is based in the Republic of Seychelles. Type above and press Enter to search. Establishment: PrimeXBT was founded in 2018 and registered as Prime XBT Trading Services Ltd. This summarized statistics are based on the information of markets and exchanges registred at Coinhills. Rewards Centre Terms and Conditions. He’s also been a guest on BBC World, and interviewed by The Guardian and many other publications. He also worked with Jamaica Producers Group Caribbean snack food business where he managed finance and logistics. In this scenario, the trader only loses the 4 BTC they assigned through an isolated margin but has their position liquidated. Traders also receive market news with a focus on cryptocurrencies. All existing users and potential clients must take the time to carefully read through PrimeXBT’s terms and conditions before agreeing to them. Cardano is a blockchain platform and cryptocurrency with potential rewards as well as risks. If you are looking for a leveraged cryptocurrency exchange with relatively advanced technology, transparent and low fees, and strong security procedures then it should be considered. The platform has plenty of innovative trading tools with enough advanced features to satisfy even the most technical traders with all the charting and drawing tools one needs. 01% and a taker fee at 0. A verification email is sent to the trader’s email ID; after clicking that link, they are automatically logged in to the account. It is perfect for fast paced trading and to see your results quickly with that execution. Trustpilot provides a broad spectrum of user experiences, offering valuable insights into both the strengths and potential challenges of using PrimeXBT. If the price of the asset has fallen in the meantime, the trader has earned a profit. During testing, I received fast responses with a reasonable level of detail. Although there are ways to automate it, these tend to have a steep learning curve, require some technical know how and sometimes even a subscription or extra purchase. This will allow the trader to define specific levels for entries and exits. 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. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. Always check the terms and conditions before using a coupon code.

Diego Sanchez

Current Bonus Plan: When you first register at PrimeXBT and make your deposit, enter the code CRYPTONEWS7000 to get your bonus as a reward in your trading account, equal to your deposit up to a maximum of $7000. Trade over 30+ assets: Crypto, FX, Commodities and Indices CFDs with up to 500x leverage on a fully customizable trading platform. This includes free funded accounts, discounts on commissions, and welcome bonuses. However, it lacks other essential features like a depth of markets tool and does not support automated trading via Expert Advisors EAs. Despite not being regulated, this doesn’t look like a scam and keep in mind that a lot of cryptocurrency exchanges are not supervised by a major financial watchdog simply because crypto, in general, is mostly unregulated. The restrictions are primarily due to regulatory frameworks that aim to prevent financial crimes, protect investors, and ensure market integrity. This is achieved by borrowing funds from a broker to purchase a larger position. When reviewing a broker, we assess if it suits different trading strategies and trader profiles.

GoyoCruzAponte

Selecting the right crypto trading platform for US traders is crucial for your success in the markets, especially when considering factors like a stop loss crypto exchange or the ability to trade on an anonymous crypto exchange. Many competitors are more transparent than PrimeXBT regarding Proof of Reserves and the handling of customer funds. Tournaments for traders. We hosted an entire series on copy trading and how it can be beneficial to a large scope of traders: Copy trading series. PrimeXBT only offers one account type that includes all of the broker’s services. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. There is no account fee, and the trading fee is 0. Please reach out to our support team at. Whether I’m running multiple demanding applications simultaneously or engaging in resource intensive activities like gaming or video editing, Prime XPT handles everything with ease. These processing times are unreasonably long, especially compared to competitors like Binance, Bybit, and KuCoin, all of which offer SEPA Instant withdrawals that process in less than a minute. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. We’ll put it to the test, with verification successful while waiting for the outcome. However, if you’re experienced, you’ll likely appreciate these features, though the limited number of available markets, especially for niche altcoins, might be a drawback. Commodity trading can be extremely lucrative, otherwise it wouldn’t be offered on some of the biggest exchanges in the world, including the New York Mercantile Exchange and the Chicago Mercantile Exchange, but certain precautions and risk management measures are necessary. These bonuses are designed to give traders an extra edge, enabling them to trade more effectively and profitably. 1% but can be reduced to 0. PrimeXBT offers trading in crypto, commodities, Forex, and indices through CFDs. I think this is not suitable. Next, we will explore the different leverage options available on PrimeXBT. Options are obviously complex instruments, which renders them unsuitable for those new to Ethereum trading. Watchlist Management: Traders can favorite frequently traded assets and easily filter them using the market search feature. Information regarding past performance is not a reliable indicator of future performance. Dear Riaan,Thank you for your positive feedback. The lack of transparency regarding the founders, leadership, and Proof of Reserves is concerning and may deter some traders. It’s important to ensure the address is correct to avoid losing funds. However, understanding these fees in detail is essential to avoid unexpected costs and optimize your trading activities. Additionally, the broker does not charge handling fees for deposits or withdrawals or impose inactivity fees on dormant accounts. A Golden Cross is about to take place on the 1D chart. Tired of staring endlessly at charts trying to find profitable trades. We are committed to the fair handling of reviews and posts regardless of such relations.

Bitget Review

PrimeXBT Trading Services, S. Market order fees are higher because they remove liquidity by executing immediately at the current market price. Copper is a vital component in numerous industries, copper consistently attracts investor interest therefore maintains its value in the global market. However, crypto trading also involves a flat 0. You will see a message stating that you agree to the processing of your personal data in accordance with the regulations of the exchange. PrimeXBT is a global trading platform giving traders access to cryptocurrencies, commodities, Forex, and major stock indices through contracts for differences CFDs. Trading fees are the primary cost associated with executing trades on PrimeXBT. However, this is nothing new for Ethereum, and it has seen a willingness to continue to climb, even after a couple of “crypto winters. Firstly, regulation and licensing go a long way and gives traders and investors confidence that they are dealing with a legitimate exchange. Go to Settings > Security and enable Install from Unknown Sources if prompted. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Regular checks and DDoS protection keep the trading space safe. Whether you pay or earn the fee depends on the interest rate differential of the assets you’re trading. However, we should note that some Reddit users have found that the leverage model offered by PrimeXBT was a factor in them losing their investment.

Full Name

And currency trading, you are always “long” one currency, while being “short” the other. These products are not suitable for all investors. Though on the flip side, being an unregulated broker means you need to place a lot more trust in the company and are depositing funds at your own risk. They are a diverse asset class that includes Precious and Industrial Metals, Agricultural and Industrial Raw Materials. I mean, pandl are settled in Bitcoin. The technical specifications of this network will include security, performance and consensus. This would be a partial stop loss order, as you still have some of your original position in play. One downside is that you can’t rearrange or resize the modules like you can on exchanges like Kraken and Binance. Select Accept to consent or Reject to decline non essential cookies for this use. Hello Minh,Thank you for your honest perspective. We recommend using a unique Email+Password combination that you are not using for other services. These security features collectively ensure that PrimeXBT provides a secure trading environment, helping to protect users’ funds and personal information against potential threats. 1 pips when trading CFDs. 14, while more conservative estimates place it around $25 $36. I tested both versions and found that they offered a smooth trading experience without any significant compromises. With the integration of TradingView charts, I find PrimeXBT WebTrader is powerful, versatile, and well suited for in depth technical analysis. The loss can be figured out by simply multiplying the $0. Additionally, there is no Lite version, making it challenging for new or inexperienced traders, as the advanced features can be overwhelming. In the digital trading world, security is paramount, and PrimeXBT understands this. Portfolio Clarity: PrimeXBT’s portfolio overview screen shows your total account balance and individual balances across trading, copy trading, and wallet accounts. Placing trades on PrimeXBT is simple, with an easy to use order form. Founded in 2018, PrimeXBT is a futures and CFD trading platform serving over a million users in more than 150 countries. Trading Features: The mobile app supports trading for both Crypto Futures and CFDs, including all order types such as limit orders, stop limits, day orders, OCO, and GTC. This means that you can benefit from the price movements of anything from Bitcoin to Ethereum without even having to own the underlying asset. PrimeXBT is a standout in the crypto trading world. Founded in 2018 and headquartered in South Africa, PrimeXBT provides more than 150 CFDs currency pairs, commodities, indices, and cryptocurrencies and crypto futures contracts. As you lose more, it becomes even direr. You can open an account and start trading with just your email address. Returns or profits may be subject to capital gains tax.