◾️What is price spread?

However, this is generally only an issue if you are a stock trader. Register and join our community with millions of traders from all around the world. The formula for calculating the value of a swap: Swap rate % Asset price Amount position size. From its meme origins to becoming a staple in the digital currency world, Dogecoin’s journey is a testament to the power of community and the unpredictability of the crypto market. Embedded order book is useful too. Disclaimer: This article is provided for informational purposes only. And at the moment, Wallet Investor doesn’t seem to have a five year Dogecoin price prediction. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Next, we will explore the restricted countries and the regulatory challenges faced by PrimeXBT. Leadership: There is no information available online about the founder or current leadership of PrimeXBT, which is both disappointing and concerning. 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. These services are governed by the legal terms and conditions of PXBT. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. 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. Apply today or share this post with your network. The table below provides a comparison of the various trading options available on PrimeXBT. Boluwatife is a dedicated content strategist specializing in the crypto industry and is passionate about blockchain technology and digital currencies. She was also extremely polite and left me with a very positive overall impression. You should consider whether you understand how leveraged products work and whether you can afford to take the inherently high risk of losing your money.

Trade your favourite marketsTrade your favourite markets

217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. Based trading solutions allow for reaction times not possible by human beings, it removes the potential for emotional trading and human error. USD, EUR, and GBP options available. The platform provides CFDs for forex, indices, commodities, and cryptocurrencies, but this review focuses on Crypto Futures. Today NEP owns and operates fourteen companies in Jamaica, West Africa and the United States. Yes, standard trading fees apply to trades executed within the Covesting module. My PrimeXBT review https://primexbt-online.com/codigos-promocionales/ found no verifiable misconduct or malpractice by this broker, founded in 2018. I have broken down the most important research tools with PrimeXBT below. Returns may be subject to tax. The results are shown in the table below. Sign up for free to see more PrimeXBT Crypto Futures trading platform status data. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. It also enables profits in both directions of the market, rather than only being able to generate returns when asset prices are rising. Active users across the world. No, PrimeXBT does NOT require KYC procedures for traders. The trading paltform is something that even a kid will understand. By choosing CFD trading, PrimeXBT has chosen a path that aligns with its goal of being a comprehensive, user friendly platform for various crypto futures trading with low fees for a great trading journey. They have lots of resources to help users get better at trading. PXBT Trading Ltd, is a licensed Securities Dealer in Seychelles under License No. No malware, spyware, phishing or pharming links. 4 million operations per second. Traders should understand the impact of leverage ratios on their potential profits, losses, and liquidation risk. Additionally, the broker does not charge handling fees for deposits or withdrawals or impose inactivity fees on dormant accounts.

Trust

My account experienced a tripling of its value in an astonishingly short period, giving me hope for better times. By following these steps, you can ensure a smooth and secure start to your trading journey on PrimeXBT. You’re all set to explore the platform and start trading. Yes, but as soon as you do that the bonus will be removed. Benefit from spreads as low as 0. My experience with PrimeXBT’s customer support was mixed. You don’t have to provide any of the above, and the platform is undoubtedly not interested in your selfie. Something that most traders are no doubt aware of is the risks of “order slippage”. Additionally, 4C Trading is a Cryptocurrency exchange, which means that they also profit from fees they charge on transactions, potentially on account funding and withdrawals. PrimeXBT offers competitive trading fees for British traders, ensuring cost effective trading across all available platforms. To deposit funds to PrimeXBT from the USA, follow these steps. In turn, this risk management approach may lead to a more consistent and stable return on investment. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. $20,000 or equivalent for unverified users. In this scenario, a 10% price increase would yield a $500 profit.

Are there any fees when trading?

Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. Upon registering, users automatically receive a СFD Trading or Crypto Futures USDT accounts. 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. Being so new to the market, it is no surprise that their website has taken on a very modern design. If you ever have any questions or need assistance, feel free to reach out to. To fund a Margin Account. Once your account is set up and funded, you can start exploring the PrimeXBT platform and its features. Planta Habilitada por MSP. The following data may be used to track you across apps and websites owned by other companies.

Author

Yes, using the in wallet exchange feature, you can exchange BTC, ETH, USDT and USDC amongst each other, directly in your PrimeXBT account. This site contains affiliate links to products/services. However, insurance coverage is still rare within the crypto industry. This table provides a quick reference to the key aspects of betting money on PrimeXBT to get profit. With 1M+ clients, there’s no limit to the potential followers you could have. It includes an in house copy trading service, ideal for mobile traders, and the trading platform features charts from TradingView with 50+ technical indicators. At the moment, an API interface is not available. SRI SRI BIJOYKRISHNA SADHAN ASHRAM. I’m turbocharging my trading experience with primexbt and futures trading with leveraged cryptos. The PrimeXBT iOS App is an essential tool for traders who need the flexibility to manage their trades anytime, anywhere. After hitting that bottom, Bitcoin climbed back all the way to $14,000, then fell back to under $4,000 once again. However, the order form lacks the range of conditional orders found on Binance and Bybit, limiting strategies like TWAP. You will receive the ownership rights to the digital currency you buy through an exchange. It caused the value to soar drastically in 2021. However, users should be aware that depositing fiat currencies through third party payment processors may incur fees, which are determined by the payment provider. Additionally, users can earn bonuses for reaching various trading volumes, from $100,000 to $7,000,000, with rewards ranging from $5 to $1000. HIRN also offers a more robust option for thirty five dollars that includes both Telegram and Cornix integration if you want to use the signals you receive. Still, many of the most successful traders believe that using margin trading and leveraging is the key to greater success and bigger profitability. These products are not suitable for all investors. Based on today’s classical pivot point P1 with the value of $ 6.

What chart does PrimeXBT use?

Despite the limited FAQ section, the platform’s live chat and email form provided quick access to a support agent. 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. Trades and strategies can be shared across social media and strategy managers can manage their strategies through the “My Strategies” area of the platform. This Brand Press post is for informational purposes only and should not be interpreted as financial or investment guidance. Additionally, while it is passive and thus not too time consuming, there is a need to monitor the price of the coin, and the electricity costs, to ensure profitability at all time. The PrimeXBT desktop platform has a single mode that offers a range of advanced trading features and tools, which might be overwhelming for inexperienced traders. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Cryptocurrency exchanges make money by charging a fee on every trade that is made on their platform “trade fee”. If you have been around the cryptocurrency market for even a short amount of time, certain words pop up again. I found the absence of direct bank account withdrawals inconvenient, as transactions through third party payment providers typically take longer to process. Go to Settings > Security and enable Install from Unknown Sources if prompted. Unlike most exchanges today, KYC verification is optional on PrimeXBT. On 14 August it reached a monthly high of $0. I want to be a members member. Understanding these fees is important for cost effective trading. Investors commonly utilize the SandP 500 for passive investing through index funds and Exchange Traded Funds ETFs to gain exposure to a diversified portfolio of large cap US stocks. Whether you’re just getting started or looking to refine your strategies, these resources are an absolute game changer. Some products and/or services might not be covered by the Compensation Fund. New traders can join PrimeXBT and trade crypto without using real money. There is not enough information about this exchange on the official website or any other source. Since founding NEP in 2008, Mr. It’s designed to simplify the trading process by allowing you to leverage the expertise of experienced traders, eliminating the stress and emotional challenges like FOMO that often come with manual trading. By adhering to the verification process, users can contribute to a secure trading environment on PrimeXBT. 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. If the app is unavailable in your region, you can still access it through direct download from our site. When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are.

My Key Takeaways After Testing PrimeXBT Desktop

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. The trader uses stop loss orders to automatically exit the position if the price falls below a predetermined threshold, limiting potential losses. Below is a detailed comparison of the different payment methods available on PrimeXBT and their respective limits. Returns or profits may be subject to capital gains tax. The order form also displays recent trades and order book data. The cons of PrimeXBT include a lack of regulatory oversight, as it operates without a formal regulatory framework. Fundamental analysis is the study of the quantitative and qualitative data related to Cryptocurrencies. If using margin, your loss then becomes $4000, or 40%. The formula for calculating the value of a swap: Swap rate % Asset price Amount position size. Users of PrimeXBT can trade over 41 cryptocurrency pairs with 200x leverage and a wopping 1000x leverage on forex making it one of the best crypto platforms for short term trading. Each market has its own characteristics and trading opportunities, so it’s important to choose one that aligns with your goals and expertise.

Risk warning

Unlike most exchanges today, KYC verification is optional on PrimeXBT. The absence of mandatory KYC and AML measures increases the platform’s risk of investigation and sanctions, similar to Binance’s $4. This is a fundamental approach to the market, suggesting that if we break down to a fresh, new low, the market analysis is wrong, and Cardano should continue to fall. As a global trading platform, PrimeXBT is available in over 150 countries, making it more accessible than many of its competitors. Investment Bud is just one of many examples users have been reporting in recent days and is among one of the most intricate schemes yet. During my testing, deposits were credited promptly but required more network confirmations than exchanges like Binance. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Given that PrimeXBT has developed a highly efficient trading engine, they are able to execute orders at below 7. Virgin Islands, Northern Mariana Islands. Additionally, there is no Lite version, making it challenging for new or inexperienced traders, as the advanced features can be overwhelming. PrimeXBT also offers a comprehensive support section, where you can find FAQs, educational resources, and customer support. This significantly reduces the risk of unauthorized access to your account, providing you with peace of mind regarding your account’s security. PrimeXBT is quite transparent with its fees. For the conditonal order type, you can easily place your take profit and stop loss orders. However, we conducted a trading test and provided a detailed review based on our firsthand experience for those interested in the trading experience. Bitcoin has been left behind in the decentralized finance DeFi movement, but PlutoChain $PLUTO could shift that perception. PrimeXBT offers 24/7 customer service in 15 languages via live chat and email. A major advantage of CFDs is that leverage and margin trading is available to traders and easy to use. If there’s anything else we can do to enhance your experience further, please don’t hesitate to reach out to us via live chat or email at.

4 8

When making trades, the price prediction feature is a very useful tool. PrimeXBT does not accept clients from the jurisdictions listed in the Company’s Restricted Jurisdictions List. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Stellar makes it possible to create, send, and trade digital representations of all forms of money: dollars, pesos, bitcoin, pretty much anything. The abundance of advanced tools and detailed charts require a bit of a learning curve. The exchange is registered in Seychelles and has offices in St Vincent and the Grenadines. 2024 00343, having its registered office address at PKF Corporate Services Ltd. To evaluate the quality of customer services for diverse user needs, we created a unique trading test. Top paid and free alternatives to Pocket Option includes Binance, Chipper Cash, KuCoin, PAYEER, Coinbase, PrimeXBT, CEX. SandP 500 SDX: As the holiday season wraps up and the New Year begins, the SandP 500 remains a fascinating. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. 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. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Market Search: The dedicated “Markets” page allows you to quickly search for available markets, with filters for popular markets, forex, indices, commodities, and cryptos. However, due to the high volatility of cryptocurrencies, the article does not recommend trading them with margin or leverage. The exchange is anonymous and does not require KYC or AML checks, although it reserves the right to conduct verification in certain cases. 100% of users recommend this product. If we do not, it’s hard to imagine a third hype bubble. The longer term investor will find that although you can get substantial gains from DOGE, you are better off holding just a tiny portion of DOGE in your portfolio. Trade 100+ markets like BTCUSD, EURUSD and SP500.

Worse

Key features of the PrimeXBT trading platform include. 6, with 24 hour human support for users. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. The WebTrader is easy to navigate, and even beginner traders can quickly learn where the charts, account info, and watch lists are located. In the table below, I have listed the maximum retail leverage available with PrimeXBT for instruments from different asset classes. With PrimeXBT Copy Trading, just follow experts and copy their trades to start your trading journey. Keep in mind that this latest upgrade intends to improve the network’s efficiency, scalability and speed. Additionally, Bitcoin serves as a gateway to the world of decentralised finance DeFi, giving users access to a wide range of financial services without the limitations of traditional banking systems. However, the absence of custom price alerts was a notable drawback. 11 in 2026, which is a 309. Content is written free from bias and is fact checked where appropriate. Copyright © 2025 EA Trading Academy. 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. Aside from being able to trade multiple asset classes on a high performance trading engine and interface, being able to compete in trading contests without risking your own capital is an awesome feature which I am sure will only increase the popularity of the platform. Prices will also consolidate when trading volumes are low. 94, before breaking past the $1 mark in 2031, to secure a potential $1. Bitcoin Cash is a popular offshoot of the original Bitcoin blockchain. Information regarding past performance is not a reliable indicator of future performance. Only invest in Dogecoin if you have a high risk tolerance. We may receive a commission for purchases made through these links. Nothing can be quite as frustrating for a trader than an exchange that takes a long time to respond to their questions or customer support queries, especially when open trades and live money is on the line. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. You can trade on OpenPeer directly from your self custody wallet like MetaMask or Trust wallet. The PrimeXBT team is committed to 24/7 customer service. Start your journey today and enjoy monthly payouts with a fixed commission structure. However, the platform lacks spot, margin, bot, social, or P2P trading, which may be a dealbreaker. By learning how to short Bitcoin and other crypto, you can make even better returns when you are correct in your analysis. Our mission is to make PrimeXBT a global leader in online trading, for any financial market, from Crypto to Commodities. Reply from PrimeXBT Copy Trading. Bybit is a cryptocurrency and derivatives trading exchange with multiple other products and features that launched in 2018.