Legal documents

It offers a robust and versatile trading platform designed to meet the needs of traders across various experience levels. Blindly trusting experienced traders’ signals, strategies and decisions without understanding market dynamics can affect the social trading performance and results, which can lead to losses or damages to the users. These risks encompass the possibility of basing your trading decisions on the activities of traders who may lack experience or knowledge, or those whose goals, intentions, or financial conditions may not align with your own. As you close the trade, the margin is automatically returned to your account balance. To open an account, you must provide your email address and create a password. I’ve been using the platform for several months now and have run into very few problems. Additionally, the platform’s focus on cryptocurrencies might limit options for traders interested in a wider range of traditional financial instruments. Watching Covesting’s earlier content on their YouTube Channel reveals an enthusiastic Dmitrij Pruglo who had clear cut, no B. Cryptocurrency ranks among the most volatile assets globally, and thus, to capitalize on market conditions, it is crucial to have the ability to short sell crypto. These are fees charged for any positions held into a new trading day past midnight UTC. Price prediction table. With all of these leverage numbers, it is important to point out that this is the maximum leverage limit, and traders can opt for a lower number level. Insights into PrimeXBT’s Cryptocurrency Trading. The agent responded within 5 minutes, offering detailed answers to some questions while completely missing others. 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. If you travel to any of these countries, you recognise that certain or all of our services may not be accessible and/or restricted while you are there. Uncertainty grows as many anticipate a new bull run that might change the situation. PrimeXBT supports two factor authentication 2FA through Google Authenticator, ensuring an additional layer of security. Date of experience: August 24, 2024. We’re continually working to enhance our platform to ensure it is as intuitive as possible. Keep in mind that trading with margin may be subject to taxation. However, the order form lacks the range of conditional orders found on Binance and Bybit, limiting strategies like TWAP. This fee, if applicable, is designed to cover the service charges imposed by the payment processors and may vary depending on the withdrawal method and currency. ” In the ensuing “New Order” dialog, select “Sell.

Где казино берут разрешения на деятельность и какие игры предлагают

When we used PrimeXBT, we found the company primarily deals in cryptos when it comes to transactions. Unlike many competitors, PrimeXBT lacks a tiered fee structure for rewarding high volume traders with lower fees. You should also monitor the block times and tokenomics. The crypto exchange’s website showcases a list of fees on its fees tab, which features several trading pairs for crypto futures, global markets, and copy trading—something intraday traders would highly appreciate. PrimeXBT 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. Bybit has done a pretty good job here, offering early access www primexbt com to NFTs from popular creators. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. The entities above do not offer services to residents of certain jurisdictions including the USA, Canada, Iran, North Korea, Russia, and other Restricted Jurisdictions. I would say yes, as PrimeXBT has been operating successfully for a number of years and is enjoyed by millions of traders worldwide with thousands of positive reviews, but how “legit” can a broker be without licensing or regulation. PrimeXBT only offers the Bitcoin Savings Plan and staking, to earn interest on your crypto. There are also overnight fees and the following withdrawal fees. PrimeXBT’s tiered account structure ensures that traders of all levels have access to the tools and resources they need to succeed. I found the absence of direct bank account withdrawals inconvenient, as transactions through third party payment providers typically take longer to process. PrimeXBT is presenting a $50 Signup trial bonus exclusively available for the new traders of the company. You can learn more about what makes Bybit popular for copy trading in our Bybit Copy Trading Review. PrimeXBT has a refreshing approach to fees in terms of simplicity, keeping things easy. Traders also receive market news with a focus on cryptocurrencies. Low tier regulators tend to offer the least comprehensive oversight of brokerage firms. With the new year officially underway, we’re looking back at the last month of 2024, thrilled by the fact that. Anyone can view, post, and comment to this community. Experience hassle free deposit and withdrawal options with PrimeXBT. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. Intrigued by the potential of leverage trading Bitcoin. PrimeXBT felt more like a traditional forex exchange. The agent responded within 5 minutes, offering detailed answers to some questions while completely missing others. Once you have done that, you can trade at PrimeXBT. 05% per trade for cryptocurrency transactions.

🛠️ Services Offered: PrimeXBT provides:

On PrimeXBT, users are allowed to speculate on the price movement of various assets with Bitcoin. Support is available through email and a live chat system, which was pretty fast. It is easy to use and solid security wise. 99% fee, not PrimeXBT. It is an exciting time in the Cryptocurrency industry. Be cautious when using leverage, as it can amplify both gains and losses, and may result in liquidation if the market moves against your position. Let’s say you use $1,000 of margin to borrow and sell $5,000 worth of Bitcoin futures using 5x leverage. However, its offerings extend far beyond the realm of digital currencies. So what should you look out for when choosing a Crypto signals provider. Many traders have achieved triple digit percentage profits. However, there are a number of other brokers that offer interesting advantages and can certainly represent an alternative to BitMEX. PrimeXBT’s commitment to customer support and education ensures that users have access to the resources they need to succeed in trading. You are still betting on the price movement of a currency pair, and you are still not taking delivery of the underlying currencies involved. If it isn’t supported, swap it for a more common token and start over. After all, it is one of the top 10 Cryptocurrencies in the world when ranked by market cap. I found that funding fees on PrimeXBT were noticeably higher than on Binance and Bybit. The platform is aimed both at traders who seek to make money on short term fluctuations in rates, and at ordinary buyers and sellers of cryptocurrency, for whom it is important to make transactions at favorable prices with low commissions. These products are not suitable for all investors. Message the modmail instead. Fees vary depending on purchase type. Scan this code to download app. Content is written free from bias and is fact checked where appropriate. The cost of trading can vary significantly across different exchanges. A candlestick has four points: open, close, high and low. Sticking to trusted and well known platforms can also reduce the likelihood of encountering scams. 1% of the required capital in order to take out that position. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. 🤝 Engage with a vibrant community. You can read more about their API in the API documentation.

Commissions and fees

While PrimeXBT impresses with its wide selection of crypto CFDs and crypto futures, its overall instruments offering has a rather narrow scope. Unlimited for verified users. The Economic Forecast Agency has a different take on ETH’s market price in the future. We will start this PrimeXBT review with some words about the platform in general. Many competing exchanges in the industry are far more transparent about their founders, CEOs, and leadership structure. Unlimited via Perfect Money. I also like that they have 24/7 Customer Support and their chat agents are very knowledgeable and very friendly. I opened an FX and CFD account with the PrimeXBT Trading Services Ltd entity and performed my tests on the web and mobile versions of the broker’s proprietary platform. Taken in fast, with polite stuff so dependable. For example, if you deposited with Volet, you must also withdraw using Volet.

About PrimeXBT: About the Company and Business

A CFD trading account does not require even a minimum deposit. PrimeXBT has not been hacked and is generally considered a secure and trustworthy platform. If I had to give an edge here after using both platforms, I would have to say I prefer Bybit as the trading interface. 90% in the last 1 month. If you know that you can have three losses in a row and still make an average of 2% a month, it gives you much more in the way of confidence and the ability to stick with what you know works. Click Download and confirm the file download if you see a warning. While the immediate connection to an agent is comparable to exchanges like Kraken, competitors like Binance provide more comprehensive and accurate responses. The app has the same features as the website. The services of BingX are not available to Canadian citizens, who are directed towards other beginner friendly exchanges such as Uphold. PrimeXBT is currently offering a welcome bonus to all its new users that directly increase the funds that you can use to trade. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. 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. Just click the ‘Deposit’ button under ‘Total Funds’ on the Accounts dashboard, or on any of the other ‘Deposit’ buttons across the platform. In fact, many analysts believe this is the potential Cardano price target for 2023. The user friendliness of both platforms is discussed, with the author noting that PrimeXBT may not be beginner friendly due to its high leverage options, while OKX offers a user friendly interface and features like a top 10 movers list and a convenient buy and convert feature. By adhering to these limits, traders can avoid potential delays and optimize their trading strategies. 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. This information should not be misinterpreted as an endorsement to buy, trade or sell a cryptocurrency or any specific product or service. Some countries are restricted from using PrimeXBT due to regulatory challenges and compliance issues. You can see a full list of the leverage limits for the other assets in your account management area or on the PrimeXBT fees page. Yes, PrimeXBT employs advanced security measures to protect user data and funds. Many competitors are more transparent than PrimeXBT regarding Proof of Reserves and the handling of customer funds.

Deposits and Withdrawals

Dogecoin is a Cryptocurrency altcoin that trades under the DOGE ticker symbol against USD and other Cryptocurrencies like Bitcoin. Earn up to 75% of profits as a follower, while providers benefit with up to 20%. Additionally, PrimeXBT offers a leverage ratio of up to 1:1000, allowing you to trade effectively on margin. Dive into P2P crypto trading and use our best P2P crypto exchanges guide to help you choose the best platform for your seamless trading journey. PrimeXBT is designed around customization options for traders, or widgets. But this growth was short lived and the coin started contracting slowly as the year end Crypto rally, that has been an established and reoccurring event in recent years, cooled off. Virtual assets are inherently volatile and subject to significant value fluctuations, which could result in substantial gains or losses. The platform provides CFDs for forex, indices, commodities, and cryptocurrencies, but this review focuses on Crypto Futures. Transactions are verified by miners, ensuring the integrity of the network. Gold and Silver lost some ground as the USD strengthened, losing around 2% each in line with the USD’s advance and is still showing signs of pressure in the new week. Whenever I’ve had questions, they’ve provided clear and helpful guidance every time.

Fees

Options may include popular cryptocurrencies like Bitcoin BTC, Ethereum ETH, USDT, and others, depending on the platform’s current offerings. In the next section, we will guide you through the step by step process of resetting PrimeXBT back to default settings. Readers should do their own research. When users activate a membership plan by depositing and staking COV, various levels of benefits, based on the amount staked, will be unlocked. These businesses are very diversified in terms of industry and scope and includes the local leader in ecommerce fulfillment Mailpac, the largest private transaction processing company in Jamaica ePay, Jamaica’s leading player in ice manufacturing and distribution Pure National Limited, the Jamaican arm of the world’s largest car rental company Hertz, Jamaica’s fastest growing water provider JamAgua and several other industry leading platforms in Jamaica, Florida and West Africa. Corporate Communication Structure and Transparency: The company does not share any information about its founder or current leadership on the official website. The first step in exploring a trading platform is signing up, and PrimeXBT keeps it simple with just an email, password, and agreement to the terms. Open the downloaded file and tap Install to complete the installation. Any serious MATIC price prediction forecast will have to have a disclaimer on all of the unknown issues out there. This gives the trader the advantage of making money on “borrowed funds”. The content on this website is not intended as investment advice or recommendation or an invitation to participate in any investment activity. Best regards,The PrimeXBT Team. Simply put, there are better crypto exchanges that provide more robust and developed features than PrimeXBT. This step is crucial for refining the strategy and ensuring it performs well under different market conditions. Want to buy Bitcoin outright or trade CFDs on Gold or EUR/USD. While unlikely, it is not impossible. 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. Note ✍️: Be sure to read the TandCs that apply to this as well as what is acceptable promotion and what is outlawed. Best Crypto Exchange Referral Codes. The article provides a brief overview of each platform, stating that OKX offers crypto trading, Web3 applications, and its own native token, while PrimeXBT specializes in derivatives trading and offers a diverse range of markets beyond crypto, including forex, commodities, and stocks. To provide the best experiences, we use technologies like cookies to store and/or access device information.

Webinars and Training Sessions:

Seek independent advice if you have questions or do not fully understand the risks. If a trader makes a mistake and their position goes against them, a stop loss will be triggered, or traders can manually closeout at a loss. But what if there was a way to potentially boost your gains. Bitcoin, the world’s first and most popular Cryptocurrency, has always been a topic of great interest and speculation. 56% and an all time profit of 156. In downturns, though, they may precede larger cap Cryptos as people risk off smaller more volatile tokens. That’s why we decided to make a tutorial on one more crypto trading platform. Bernstein analysts are suggesting that Bitcoin could ascend to dizzying heights of $150,000 by 2025. Receive the latest news and stay informed. If you are a new investor in the crypto space, it is advisable that you keep off new tokens in the market because most of these end up being rug pulls, where the developers abandon projects and take off with investor funds. DOT has registered an increase of just 1. Although this is a perpetual futures trading pair, not a direct comparison with our other trading tests, my experience trading derivatives on Binance, Bybit, KuCoin, and Kraken indicates that PrimeXBT performs just as well in terms of order execution and fills. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. Yes, PrimeXBT charges withdrawal fees, which vary depending on the withdrawal method and currency. © 2025 The Money Mongers. Ask your question in the comments below.

Casual Trading: Acceptable Choice

Corporate Communication Structure and Transparency: The company does not share any information about its founder or current leadership on the official website. Once you own crypto, there are a few was of HODLing Bitcoin, including. I am a photographer passionate about the outdoors, meaningful travel, creativity and intention in all things. The PrimeXBT Bonus 50 is a limited time offer where users can receive an additional $50 credited to their trading account after fulfilling certain deposit conditions. 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. Despite initially gaining around 80% profit on a long term position, my experience turned negative upon closing. PrimeXBT Trading Platform, Mobile App. For a complete list of restricted regions, refer to Section 1. A limit order is an order that you give to the broker as an instruction to sell a currency pair at the market price once it reaches a specific target. This is how it looks like. This indicates a high level of accuracy in order fulfillment, a crucial element in volatile markets where every second counts. In February, the price ticked up just a bit to $0. 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. An investor wants to take out a position size of one Bitcoin back when the cryptocurrency was trading at $10,000 per coin. You can buy cryptocurrency directly from the platform which can be used as collateral or for spot trading. Information regarding past performance is not a reliable indicator of future performance. On the downside, PrimeXBT lacks some essential services and features, such as swap free accounts and automated trading via Expert Advisors EAs.

Want to use this as your default charts setting?

The exchange is anonymous and does not require KYC or AML checks, although it reserves the right to conduct verification in certain cases. However, if you want to focus your copy trading solely on cryptocurrencies, you can do so. According to an alternative program, you can be credited $40 1,250 for each client referred. As an active trader, I appreciated the inclusion of advanced technical indicators and the availability of high leverage. Depending on your jurisdiction, some products or services might not be available. 2024 00343, having its registered office address at PKF Corporate Services Ltd. We work with top providers like Fireblocks for cold storage, as well as insuring your funds. The key is to find a platform that aligns with your trading style, experience level, and specific needs. While PrimeXBT is not regulated or licensed, it has a positive reputation and a long history of satisfied traders. The most basic forms of technical analysis will try to determine support and resistance, or where markets attract buyers and sellers. Learn more about Baksta’s Legal Terms. However, there are many concerns about trading like this and whether it will be profitable over the longer term. Learn more about Baksta’s Legal Terms. ” In the ensuing “New Order” dialog, select “Sell. Human help when you need it. My experience with PrimeXBT’s customer support was mixed. The leverage ratio defines the relationship between a trader’s margin and the total trade value. However, when I tried to log into my account from my new place. These risks encompass the possibility of basing your trading decisions on the activities of traders who may lack experience or knowledge, or those whose goals, intentions, or financial conditions may not align with your own. Returns may be subject to tax. Another aspect that sets Prime XPT apart is its exceptional display. It involves several steps, including creating an account, submitting identification documents, and verifying the provided information. If the market turns around, you’ll be able to close the deal in profit rather than at a loss. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. Also Read: eToro vs PrimeXBT vs Capital. Human help when you need it. PrimeXBT does not offer any free withdrawal options, and their fees are higher than those of Binance, Bybit, or Kraken. To download the PrimeXBT app on your iOS device, follow these steps.

Binance Black Friday Deal

One of the simplest ways to take advantage of market opportunity is by copying the best traders. However, it does not incorporate any third party research tools like Trading Central and Autochartist, which could make its market research content more nuanced and comprehensive. Indicate whether you are a US resident please note that trading on the platform is prohibited for US citizens. Contracts for difference CFDs are derivatives that speculate on the underlying asset’s price without physical ownership. 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. Click Download and confirm the file download if you see a warning. In the world of Crypto leverage trading and margin trading, you can use two main approaches to capitalise on price movements, long trades and short trades. The revenue share program offers a 50% uncapped commission on trading fees collected from referred users, while the CPA program offers up to $2,500 per referred user, depending on the deposit amount. Depending on your jurisdiction, some products or services might not be available. So for me it’s a favorable experience no matter what. Bitcoin rose 7% last week, marking the fourth straight week of gains.

Year launched

Date of experience: December 3, 2024. Though founded and registered in Seychelles, with offices in St. Websites that provide price analytics will display the total traded volumes within the past 24 hours, allowing you to assess the popularity of the coin in the market. While the immediate connection to an agent is comparable to exchanges like Kraken, competitors like Binance provide more comprehensive and accurate responses. Visit our reviews page to learn more about user experiences. However, due to the high volatility of cryptocurrencies, the article does not recommend trading them with margin or leverage. However, there’s a demo version for new users who are unsure about using the exchange. They also use Cloudflare’s technology to mitigate the risks of DDoS attacks. This means that all communication that you send the exchange will be encrypted and make it hard for any malicious actors to intercept it. The leverage ratio defines the relationship between a trader’s margin and the total trade value. I tested PrimeXBT’s spreads on 13 December 2024 during the London and New York opens. The bot will guide you through the process of submitting a support request, ensuring that all necessary information is collected to resolve your issue efficiently. This will keep you from losing massive amounts of money and keep you in the game. Most people copytrading are crypto guys, but there are a those that do CFDs, easy to see, and they are great. We realize that the concept of crypto leverage trading might still be quite new for some people. In the next section of this PrimeXBT review, we will look at the key features of the platform.

Promotion:

In my testing, the platform was reliable and worked smoothly on both Safari and Google Chrome. This is how the registration form looks like. PrimeXBT supports deposits and withdrawals in popular cryptocurrencies such as BTC, COV, ETH, USDC, and USDT. This website is owned by PrimeXBT PTY LTD. TIP: Check out Coin Bureau’s PrimeXBT vs OKX Analysis. Leverage reflects the ratio of personal funds required to open and maintain a position in comparison to the size of that position. This website is owned by PrimeXBT PTY LTD. Search keywords to find relevant market exchanges. BTC/USDT is currently the most active trading pair on PrimeXBT, and saw $ 428. This bonus is credited as a reward in the trading account and can be used as additional collateral to open positions. The risks and rewards of investing in Dogecoin are all over the place. 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. PrimeXBT is a well established CFD exchange that offers the ability to trade various assets, including crypto, stocks, forex, commodities, and indices, making it a popular platform for different types of traders. Trading involves risk. Trading Fees: The platform charges a flat trading fee of 0. Scan this code to download app. The Covesting DApp sources reputable DeFi platforms that generate yield in a manner that is easy from the user perspective, providing the benefits of DeFi with the clean and simple interface of PrimeXBT. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Open the downloaded file and tap Install to complete the installation. As well as this, MEXC has some of the lowest trading fees of any crypto exchange, with considerable discounts for MXC holders. For crypto traders who want to access Earn products and copy trading, and for serious crypto traders, then Bybit is the superior platform. In turn, this risk management approach may lead to a more consistent and stable return on investment. Strategy Managers take the lead, controlling the trading activity of their managed strategies, while Followers seamlessly replicate these trades. Trustpilot provides a broad spectrum of user experiences, offering valuable insights into both the strengths and potential challenges of using PrimeXBT. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia.

Unlocked: Crypto Handbook!

Margin trading isn’t only available for the more traditional asset classes, but for cryptocurrencies as well. 2024 00343, having its registered office address at PKF Corporate Services Ltd. You can learn more about Covesting Copy Trading and managing trading strategies at the PrimeXBT Copy Trading FAQ section on their site. Trade Crypto Futures Contracts incl. PrimeXBT offers limited withdrawal options, especially compared to Binance and Bybit. PrimeXBT developed its own web trading platform with advanced charting capabilities powered by TradingView. As aforementioned, Bitcoin is the largest cryptocurrency globally by market cap. Traders may also e mail their questions, and I recommend the Help Center as a first point of contact, as it answers many questions. High liquidity, aggregated from 12 leading sources in real time. PrimeXBT is often praised for its low fees with spreads as low as 0% and trading commissions as low as 0. PrimeXBT Instant offers a wide range of asset classes for trading, including popular cryptocurrencies Bitcoin, Ethereum, Litecoin, Ripple, major, minor, and exotic currency pairs in the forex market, commodities gold, silver, oil, natural gas, and global stock indices SandP 500, NASDAQ, FTSE 100, DAX. Fiat Deposits: PrimeXBT does not support any form of bank transfer, however, it does accept deposits directly from a bank card without any fees, which is a rare feature even among top industry platforms.