PrimeXBT Alternatives and Competitors

These are way more tradable assets than other major crypto exchanges like Bybit offers to their users. In that scenario, you are at the very least paying borrowing fees as in the stock market, but more often than not you are also paying some type of margin deposit. So, another question you need to ask is, why do day traders fail. The information on this website does not constitute, nor should it be construed or understood as an inducement or solicitation to engage in any investment or trading activity. The company has developed its own trading terminal, called PrimeXBT, with a built in function for copying trades; and there are browser and mobile versions. Most other cryptocurrency exchanges charge as much as 0. Date of experience: November 13, 2020. 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. We like that the module shows top traders and their funds, track records and returns. Moreover, you can work with excellent charting tools that are necessary toanalyze price movements. Here, you have the option of not paying transaction fees. By clicking Continue, you agree to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy. Here, you have the option of not paying transaction fees. The development team itself is packed with some of the most respected researchers, cryptographers, and engineers. So click on the Deposit button in front of the Bitcoin Cryptocurrency. These regulators often provide minimal or no investor protection mechanisms and compensation funds, leaving clients with limited safeguards. The actual PrimeXBT trading platform is easy to use and packed full of enough features to help you make an assured trade. No incidents reported. There is no complexity or hidden policies involved. It heavily depends PrimeXBT Android app on the chosen market and financial products. Our team spends thousands of hours per annum researching brokers and gathering information about them to help investors all over the world to choose reliable companies and to avoid fraudsters. It is important to read and understand the terms and conditions before accepting the bonus. The overall list just features Bitcoin, Ethereum, Tether and USD Coin at the moment, but it’s enough to get you started. It is of my opinion, and the 10 million users on Bybit, that Bybit is a great exchange. The fourth Bitcoin halving event is expected to take place in Apil and has been partly responsible for BTC/USD’s surge above $50,000.

◾️ What is PrimeXBT?

Leverage can be a very powerful tool in the hands of a professional trader, and conversely, can cause significant losses. Note ✍️: Be sure to read the TandCs that apply to this as well as what is acceptable promotion and what is outlawed. The future of XLM is highly leveraged to not only adoption, but also the overall crypto markets. 💕 Love is in the air at PrimeXBTEnjoy ValentinesDay with a 14% Deposit Bonus, up to $7,000 on your first deposit. 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. Thank you for choosing PrimeXBT. This website is owned by Prime Technology Ltd, a company registered in the Republic of Seychelles, with Registration No. Contracts for Difference CFDs: Users can gain exposure to Commodities and Indices through Contracts for Difference. All forex pairs traded at PrimeXBT are open weekdays 21:05 – 21:00, including USD/RUB which changed in May 2020. The RSI is a momentum indicator used by traders to evaluate whether a market is overbought or oversold and to determine whether to accumulate or sell an asset. PrimeXBT does not accept clients from the following restricted jurisdictions: The United States of America, Japan, Saint Vincent and the Grenadines, Canada, Cuba, Algeria, Israel, Ecuador, Iran, New Zealand, Syria, North Korea or Sudan, United States of Minor Outlying Islands, America Samoa, Russian Federation and Myanmar. There is no minimum or maximum required withdrawal amount. These products are not suitable for all investors. Learn more about Copy trading and COV token. PrimeXBT does not solicit clients residing in the above regions and only accept clients that register at their own initiative. Direct deposits from your bank card to PrimeXBT are currently not available. In a constantly evolving financial world, where decentralization and innovation are redefining the way we handle money, it becomes indispensable to have some tool that. Registered in Seychelles, PrimeXBT has offices in St. PrimeXBT also allows users to trade with leverage. Visit PrimeXBT Platform and get 35% on Your First Deposit. Supported CFD Indices include the ASX 200, DJIA, Euro Stoxx 50, CAC 40, DAX, FTSE 100, Hang Seng Index, IBEX 35, Nikkei 225, Nasdaq, and the SandP 500.

Fees and conditions

A demo account is also called a practice account. What is the minimum and maximum amount for a withdrawal. For in the end, the champion isn’t a platform, but you, the trader who wields its power with skill and confidence. We found that PrimeXBT lets you buy cryptocurrencies and trade assets with deposits made via bank transfer or cards like Visa and Mastercard. A common question is: can I lose more than I deposit into the exchange and then be in debt to PrimeXBT. ➡️ Crypto withdrawals:For BTC the withdrawal fee is 0. If you have questions, you should look to your local regulatory agency to make sure. PrimeXBT does not solicit clients residing in the above regions and only accept clients that register at their own initiative. Also, some users reported it as a “risky’ exchange due to loss of their “Kaspa” tokens on the platform. Withdrawal Crypto and fiat. Plus, PrimeXBT claims that only a small fraction of funds are kept in hot wallets, while the remaining funds are kept in secure cold storage wallets. Clients can use the broker’s leaderboard to pick traders and strategies to follow. Nothing on this Website is intended as a marketing or promotion of its services to citizens of the EU/EEA or the UK.

PrimeXBTUser Reviews

📣 Win exclusive prizes and save with reduced overnight fees on forex pairs and CFDsTrade for your chance to win an iPhone 15, a PlayStation, or a share of the $5,000 prize pool. First, choose between the order types: market order, limit order, stop order and one cancels the other OCO order. Cryptocurrency trading can lead to largeand immediate financial losses. PrimeXBT does not solicit clients residing in the above regions and only accept clients that register at their own initiative. However, there are serious risks associated with hot wallets as they are vulnerable to hacker attacks. Verification can help ensure real people write reviews about real companies. Note, that it is highly recommended to do this BEFORE reaching Margin Call level. You can borrow Bitcoin from an exchange at a specified price and then sell it later. PrimeXBT gives users the tools to perform technical analysis using Chart drawings and technical indicators. For example, you may wish to buy €100,000 against the US dollar. The crypto signals provider has both crypto signals Telegram channels and a Discord server. Last updated 4 months ago. But I decided to try with small amounts and realized that the broker works well. With this convenient live chart, you can view the current US SPX500/national currency price, analyze the price dynamics, trace historical US SPX500 to national currency exchange rates, build your trading strategy, and trade US SPX500 with leverage on PrimeXBT.

Complex fee structre on PrimeXBT…

When the stop price is reached, a stop order becomes a market order. During the protection period, creditors are not allowed to squeeze assets. All you need to do is select the right wallet of your choice, click on deposit, and then follow instructions. PrimeXBT supports the deposit and withdrawal of Fiat currency USD, via Advcash and Perfect Money. Indeed, the high leverage levels make it a similarly attractive proposal which will allow those users to magnify their returns on borrowed money. Save more money and time by browsing our hottest deals. 5, which you multiply by 200 and get a profit of $7,900 because you had a “long” position. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. 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. Claim up to $7,000 in Bonus. PrimeXBT does not solicit clients residing in the above regions and only accept clients that register at their own initiative. This means your earning potential is enhanced with PrimeXBT. Each wallet is designated for a specific cryptocurrency. This unique opportunity to practice and learn, combined with the competitive element of the contests, makes PrimeXBT an attractive choice for both novice and experienced traders looking to refine their skills and enhance their trading prowess. While some are more radical than others, there is a number of well known tactics investors prefer to stick to. It is built on Ethereum in accordance with the ERC20 standard for tokens. 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. These could be triggered by weaker, broader market conditions or a worsening regulatory environment.

Launched Analysis Section With Integrated Tradingview Charts

Stellar will hover around $0. Chart candles on PrimeXBT reflect the Bid price of an asset. No, only Contests accounts will be included in contest leaderboards. Our website uses cookies. Cardano, denoted as ADA, stands as a decentralized blockchain utilizing a proof of stake PoS system, established with the intention of offering a more streamlined alternative to proof of work PoW networks. 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. PrimeXBT does not charge any deposit fees. Traders can manage positions utilizing the stop loss and take profit options. Your insights help us improve. While there were many things that we liked about the PrimeXBT exchange, there are a few things that we think warrant improvement. A common question is: can I lose more than I deposit into the exchange and then be in debt to PrimeXBT. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. Remember that one very important thing in Bitcoin trading is a stop loss. But because the OBV is considered a leading indicator that gives early signals, it is sometimes wise to wait for confirmation with a trendline break, or another indicator to confirm OBV’s signals. Here is what Bybit offers. When it comes to trading cryptocurrencies on margin and leverage, there are so many options available in the market, and they are only increasing with every passing day. Each point aims to support traders in maximizing their efficiency and profitability on the PrimeXBT platform. The cryptocurrency market is large. The platform supports more than 100 asset pairs from both crypto and traditional worlds. Supported CFD Commodities include Aluminium, Brent, Copper, Crude, Gold, Lead, Natural Gas, Nickel, Silver, and Zinc. Plus it’s nicely customizable so that you can manipulate the trading tools and charts however you see fit. The Prime XBT crypto exchange offers one of the lowest trading fees. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. The idea is that margin trading allows the trader to take on much larger positions than typically allowed. Coinbase is a cryptocurrency broker based in United States that launched its service in and offers individuals to buy and sell more than 70 cryptocurrencies. Table of contentsWhat is a demo account. So if you place a leveraged trade make sure as hell it is not anywhere close to 00:00 UTC. Therefore, good traders are able to look for patterns and predict when the price of the coin will go up – and buy before then, and then note when the price is about to fall – and sell – which leads to big profits. BNB Smart Chain network BSC for BEP 20 tokens. In this PrimeXBT Crypto Futures review, I will examine what it has to offer, what it flourishes at, as well as its limitations, in an attempt to explain whether it is a useful and worthwhile toolkit for people who are interested in futures activities.

PrimeXBT Review: Safe or a Scam Trading Platform 2023

Covesting works well for both new and experienced crypto traders. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. This would allow developers to code their own bots and trading algorithms to trade on the PrimeXBT platform. PrimeXBT’s copy trading features are an ideal solution for traders seeking to improve their trading outcomes without diving into the complexities of market analysis. PerfectMoney transfers to your PrimeXBT Wallets are instant. Margin trading platform – trade Crypto, Indices, Commodities and FX with up to x1000 leverage, allowing you to maximize your profit potential and earn from both rising and falling markets through CFD contracts Contract for difference. 0187, showing a gradual yet steady growth trajectory. Conversely when the economy is in a constriction cycle. Security is regularly tested and checked by the broker’s technical team. You can review current trading fees and overnight financing rates and detailed information about trading conditions for the selected instrument in the ‘Contract Specification’ section or on the main website page here. March was yet another strong month for Cryptocurrencies, especially Bitcoin, meme coins like Dogecoin and Shibu Inu, and altcoins from. Crypto traders should always take some time to see whether the exchange they want to use is available in their country/region or not. The cryptocurrency trading exchange lets you choose between a float or a fixed rate. GAS are derived from a combination of the first and second nearby month future contracts. HODLing a crypto involves buying a crypto asset like Bitcoin, Ethereum, or Litecoin, and keeping it in a wallet for the long term with the intention of avoiding selling at all costs.

Supported Assets and Trading Products

Alternatively you can select the ‘Cancel’ option to cancel the order and request a refund. Com via inbox Search bar. So how do you know which one is right for you. Years ago, there were only few platforms to choose from, making finding the right one for each investor that much more challenging. Traders can also trade Commodities and Indices via Contracts for Difference CFDs. Price trend can be any direction leading to the chart pattern, has a triangular. Is the bonus still avaible. Navigate to the Copy trading section > Portfolio and select the desired Following. Mark horizontal lines where prior price peaks formed barriers and price bottoms provided footing. When speaking of margin and futures trading, Binance Futures started later than PrimeXBT in 2019. Among them are Bitcoin, gold, oil, SandP 500, and fiat currencies like EUR and USD. The Covesting copy trading module is available for free on PrimeXBT to all users, by visiting the Covesting tab within the internal account dashboard. They believe that the coin may well be trading by the beginning of 2026 at a price of $ 2. This feature fosters a collaborative peer to peer trading environment provides an opportunity for both experienced successful traders and followers to boost each other’s profit potential. Most crypto projects are open source, and you can monitor the activity of these developers to see if they are active in developing the network behind the token. Actual Crypto Currency Services are provided by Baksta UAB, a company incorporated in Lithuania with Registration No. However, some argue that the damage has already been done to XRP. First of all, we need to recognize you as our customer, for this purpose you can contact our support team:. If you are already an investor in crypto, then you are well versed in the volatility of Bitcoin and all the other cryptocurrencies in the market. This means that there is room for it to reach higher, considering its low denomination and current value. This way, you can improve your returns and achieve the same returns as the leading traders on the platform. Indicators Strategy profitability indicators for the set timeframes. The risk was only $5 on GBP/USD, and my balance was around $316. These include ADA/BTC, DOT/BTC, EOS/BTC, ETH/BTC, LTC/BTC, and XRP/BTC. A common question is: can I lose more than I deposit into the exchange and then be in debt to PrimeXBT.

Copy expert traders

If you are reading this thinking that this point is moot and that pretty much every exchange has a good user experience these days, I would recommend checking out our Gate. 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. Recent years have seen PrimeXBT pick up awards for things like Best Crypto and Forex Broker, as well as Best Platform for Margin Trading, and it’s easy to see why. So if you deposit a cryptocurrency at PrimeXBT, you could let it sit there and earn interest anywhere up to 14% APR depending on what kind of crypto it is. Some drawbacks found by experienced traders about the crypto exchange are as follows. Prime XBT charges trading fees on each position opened on the platform, which vary depending on the trading instrument and account type. 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. ASK quotes are higher than BID quotes by the amount of the Spread. Additionally, PrimeXBT supports the trading of Crypto BTC trade pairings. PrimeXBT shall not be responsible for withholding, collecting, reporting, paying, settling and/or remitting any taxes including, but not limited to, any income, capital gains, sales, value added or similar tax which may arise from Your participation in the trading with margin. PrimeXBT is a crypto only trading platform, so you have to deposit cryptocurrency to fund your account. You may choose from a variety of crosshair settings. Prime Technology Ltd is PrimeXBT’s Technology Provider. As with all crypto assets, performing a Polkadot technical analysis can seem challenging. 3 The maximum Limit of funds to open a position to use shoulder MAX and MIN. If you are looking to simply benefit from price movement, the CFD markets at PrimeXBT are the easier and quicker solution.

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This may be a more prudent move as even the slightest amount of volatility can lead to an exhaustion of funds with 100x or 1,000x leverage. There are no guarantees when you buy DOT. The crypto market has grown significantly over the past decade, and it has even gained the attention of leading Wall Street institutions. However, since not many other trading platforms offer this option at least not to this extent, the 5th in the series of PrimeXBT tutorials will show traders how to use leverage and margin trading on the platform, in order to maximize their profit potential. Receive the latest news and stay informed. Under the new regulations coming for crypto in the US, it’s likely both centralized and decentralized exchanges will implement more KYC processes in order to issue Form 1099 DA in the coming years. 05% is charged on all crypto asset trades. After thoroughly reviewing and testing every aspect of the TrustDice platform, it’s clear this crypto gambling site has a lot to offer players. This means traders can hold their positions for as long as they wish, providing them with flexibility and the ability to implement long term trading strategies. Buy Sasol SharesBuy MTN SharesBuy Vodacom SharesBuy Capitec SharesBuy Shoprite SharesBuy Naspers SharesBuy Phuthuma Nathi SharesBuy Steinhoff SharesBuy Woolworths SharesBuy Old Mutual SharesBuy Anglo American SharesBuy Sibanye Stillwater SharesBuy Telkom SharesBuy Purple Group SharesBuy Sanlam SharesBuy Thungela Resources SharesBuy Prosus SharesBuy Kumba Share. Gaining experience in predicting how much an asset is likely to move up or down and practicing using leverage increases your chances of successful trading. When users activate a membership plan by depositing and staking COV, various levels of benefits, based on the amount staked, will be unlocked. Liquidation may occur if available margin reaches 0%, as available margin is no longer sufficient to sustain further losses. Some exchanges will have an all around option that allows access from any device. Admin stop sleeping and wake upStop misleading us or we’ll dump your site. Precious metals can be traded from 22:00 to 21:00. Everyone’s dream is to strike it rich, retire someday, and live “the good life. Citizens looking to use PrimeXBT to trade should know that it is currently blocked in the country. The first thing that you will notice about the platform is that it offers a large degree of customization. Please check the promo campaign rules. However, make sure you understand the damage that misplaced margin trading can cause before you undertake it. To protect followers from such margin risks in the absence of a manager’s trading activity, all positions must be closed before withdrawing Equity. Thanks for your high score, PrimeXBT really appreciates your opinion. Copy trading fulfills diverse objectives for different traders, catering to a range of strategies and goals. 2 and you close your position. There are three simple steps in order to receive the bonus. Via the Trade page, PrimeXBT provides details on. BitSeven is not a regulated cryptocurrency exchange, so it does not require its users to verify their accounts with Know Your Customer KYC procedures in order to start operating in the market. As you can see, it’s a ‘win win’ situation for both parties; one is getting a free month and the other one a trial week.

Withdrawals

Traders have the option to spread the platform out across more than one screen or can have numerous different markets on a single screen. It is important that you make yourself aware of the Terms and Conditions and agree to them before using PrimeXBT services. It has a daily average trading volume of $545 million which should give you some idea of scale. With Blockchain Life 2024 on the horizon, we are gearing up to provide an unforgettable experience in Dubai. Thank you for sharing your thoughts on the range of trading instruments on PrimeXBT. Nasdaq 100 BrokersFTSE 250 BrokersFTSE 100 Brokers. The trading fees structure is designed to incentivize and attract traders who trade in huge volumes and want to lower their trading costs. If there is a case where a trader exhausts their equity and the value of their account falls below a certain level, they will get what is termed a “Margin Call”. Traders can easily set the leverage by adjusting the position size rather than adjusting the leverage level itself like the other margin trading exchanges. Please keep in mind that PrimeXBT does not control the markets and all our clients get the same market conditions. Some of the most skilled traders are already generating up to 1200% total profit and have attracted more than a quarter million USD worth of BTC in follower equity in a single fund. Additionally, we offer volume based fees that allow you to benefit from even more attractive prices as your trading activity increases. Combining pin bars with key resistance or support zones, moving average trend analysis and oscillators produces a robust framework to profit from these high probability trading setups. It can be the difference between profiting from digital assets or missing out on the opportunities they offer.

What is the withdrawal fee?

Similarly, we communicate these requirements and restrictions to all our Affiliates and Partners, providing them with clear guidelines on the prudent way to go about promoting our brand. When you first sign up with PrimeXBT and make your deposit, enter the code CRYPTONEWS7000 in the promo section. When trading on leverage, traders can potentially enhance their returns by a certain factor. Forex Trading SessionsWhat time the Forex Market opens in South AfricaForex Trading Tax in South AfricaBest banks for Forex Trading in South Africa. If you already have an active membership and wish to upgrade to a more advanced plan – simply click the ‘Activate’ button under the new membership plan to lock the remaining amount of tokens required for the new membership plan. If you choose this option, you will have to show more private information like ID and Social Security Number. PrimeXBT account holders can generate reports to view trading and transfer activity via the Reports page. However, PrimeXBT offers negative account protection and will liquidate positions as soon as they are a serious credit risk. 0005 BTC withdrawal fee to also consider. The Cosmos ecosystem aims to be the most scalable and customizable platform for building high performance applications. They say they give 10$ per every standard lot.

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As the upgrade might result in a hard fork and creation of a new token, PrimeXBT will take the following measures to maintain the safety of user’s funds during the upgrade and the possible hard fork. As traders venture into their first Forex trade, prioritizing knowledge of pairs, bid/ask prices, and risk management strategies is paramount. Dear OrabiThanks for your score, PrimeXBT appreciates your opinion and feedback. Perhaps the quickest and most effective way to get hold of their customer support is through the live chat that can be accessed right from the trading platform. 15, which is much more bullish than its previous projection. Enter the desired withdrawal address and confirm the address via an email confirmation link. With no minimum deposit, copy trading features and low commissions, the broker remains a popular option among crypto trading novices. Leave your genuine opinion and help thousands of people to choose the best crypto wallet. Closure requests of Strategies with no active Followers are executed within several minutes and can not be cancelled. These can be accessed from inside your account by clicking on the “Tutorials” section in the top right of your account. It will be much quicker to shut down the entire stock market if it falls too quickly, with the regulatory reach being much quicker in centrally controlled economies such as China. Upon registering, users automatically receive a BTC margin account. Benefit from a fully customizable layout, over 50 technical indicators, and ability to trade directly from charts. I believe that blockchain technology can build a brighter future and am excited to be part of it. There is now a new scam under the guise of AlphaCoin Capital.

Unlocked: Crypto Handbook!

This is active and manned 24/7. Our extensive Web3 Expert Network is compiled of professionals from leading companies, research organizations and academia. Binance is a cryptocurrency broker based in China that launched its service in and offers individuals to buy and sell more than 90 cryptocurrencies. ETHUSD is extending the Channel Up on the 1D chart since December 2019 low. The latter will not apply if you enter and exit the position within the day. Additional terms may apply to free offers. When it comes to withdrawals on PrimeXBT, it’s a slightly different story. Imagine a world where blockchain transactions happen instantly and without breaking the bank. The wide range of coverage PrimeXBT offers is what makes this so popular. While there are a handful of unique factors with commodity trading, the reality is that it is a much purer form of trading, without a lot of the unnecessary burden of going through financial statements, listening to earnings calls, or worrying about central bank bond purchases. Most other cryptocurrency exchanges charge as much as 0. The process of opening a position is the same for all cryptocurrencies. It comes with very wide range of crypto currencies available in the market and its UI is very seamless and user friendly. This is very low, especially when compared to other exchanges. Available Margin%: free margin that can currently be withdrawn to Wallet or used for trading reflected in % value. You can follow the status of your withdrawal on the ‘Reports’ page, under Transfer History. Longs and shorts can even be opened simultaneously to create hedge positions.