Top 5 tips for choosing the best experts to follow as a PrimeXBT copy trader

These questions are largely speculative and opinion based. PrimeXBT Trading Services Ltd is officially registered in St. This occurs when you place an order and the price that you get is nowhere near your desired entry point. PrimeXBT also makes use of the liquidity provided by larger exchanges and market makers in the industry. Navigation was intuitive, with all the essential tools and indicators just a click away. We’re here to help you make the most of your trading experience. When PrimeXBT posts issues on their status page, we collect themain headline message and include that brief information or overview innotifications to StatusGator subscribers. Compared to exchanges like Binance and Bybit, which offer over 350 tradable derivative markets, PrimeXBT is limited and primarily suited for traders focused on large cap tokens and seeking higher leverage options. Simply add a new time code generator in your 2FA app and enter the 16 digit backup code. They believe that Stellar will continue to see overall growth, but that it will be long and sustained, not necessarily as explosive as we have seen other crypto moves in the past behave. Learn more about Baksta’s Legal Terms. Go to the ‘Hub’ section from the main dashboard, and click on ‘Promo codes’. These calculators are provided by PrimeXBT as auxiliary tools for informational purposes only. Easily buy Crypto with Visa or Mastercard. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. Deposits available on PrimeXBT United Kingdom. This gives you an in depth overview of the operational status of the trading engine, deposits/withdrawals and website. 20 range for the next six months. Users can trade long or short to enhance earnings through rising and falling markets. This feature is unique to PrimeXBT and adds an exciting dimension to the trading experience. He looks to provide weekly valuable insights on how the current Economic and Political factors impact the Financial Markets. PrimeXBT provides copy trading through its Covesting module, allowing users to follow and copy the trades of experienced traders. The exchange was established in 2019 and lets investors trade more than 330 cryptocurrencies, including with leverage. Profit Calculation: The profit is calculated as. We take your trust in PrimeXBT seriously. Covesting also had an ICO in 2017 that raised close to $20m. For traders with a proven track record, becoming a strategy manager can be a great way to earn some extra income as well. For example, VPN software can be used to hide an IP address, and by blocking IPs to some countries, unrestricted users may end up unfairly blocked while traveling, potentially leading to losses due to an inability to trade.

Customer support on PrimeXBT

Indicate whether you are a US resident please note that trading on the platform is prohibited for US citizens. PrimeXBT does not offer swap free trading via Islamic accounts at the present rate. When using fundamental analysis, you can combine it with different metrics, such as on chain metrics. 03 level, and maybe even lower. In it, you can track the most important news in the world of finance, which may affect the quotations of market assets, including cryptocurrencies. Although the Forex market is open 24 hours per day, it’s not always active. Receive the latest news and stay informed. The Fixed Tradable Bonus PrimeXBT is a bonus added to the equity of your trading account and can be used as additional collateral to open positions. Com ReviewRoboforex ReviewIC Markets ReviewForex. Like most exchanges and financial sites these days, PrimeXBT has full SSL encryption. The terminal is distinguished by its high speed operations and advanced functionalities. I believe that blockchain technology can build a brighter future and am excited to be part of it. Scan this code to download app. As mentioned, you can also trade forex, commodities, and stock indices. Bitcoin is on the cusp of widespread institutional adoption, and altcoins. Always do your own research and consult a qualified expert before joining any crypto venture. It serves clients in over 150 countries and has over 100 trading assets available. Get into the trading action with reduced overnight fees on Forex and CFDs. Overnight financing is not charged on weekends for markets that are closed during that time, however, a triple financing rate is due on Thursday 00:00 UTC. Understanding the fees associated with these payments is crucial for efficient trading. Best regards,The PrimeXBT Team.

Is PrimeXBT suitable for spread betting?

Here are some initial impressions: Fast account setup Responsive support team Clear instructions for deposits and withdrawals All in all, it feels like a reliable place to start trading. It’s ideal for opening, closing, and Trading su PrimeXBT adjusting positions, as well as placing market, limit, and stop orders while managing trade exposure. If you’re new to crypto, spot trading, or DCA investing, PrimeXBT might not be the best fit due to its focus on advanced features like high leverage and CFDs, with limited fiat deposit options and no spot trading. So, it’s a “temporary” bonus, lol. The platform you choose needs to allow you to perform smart and fast trades. PrimeXBT looks as good or better to me. Margin will increase your purchasing power but also exposes you to additional risks if they are not taken into account. PrimeXBT does not support spot or P2P trading, focusing exclusively on derivatives, which can be complex and unsuitable for inexperienced traders. That is one of the reasons why here at the Coin Bureau, one of the ways we strive to help our community is by streamlining the process and helping folks find the right exchange that is best for them. Finally, PrimeXBT also runs a pretty unique medium blog.

Michaels

Whether they are beginners or experts, cryptocurrency traders are susceptible to emotions. Since PrimeXBT focuses on features like CFDs and leverage/derivatives trading, rather than spot trading, comparing it directly with other crypto exchanges wouldn’t be fair. Despite this, PrimeXBT still comes out more expensive than other platforms, where you can get a cheaper credit card fee of 2% on Binance and Crypto. PrimeXBT is another great option for trading perpetual futures with leverage. We introduce people to the world of trading currencies, both fiat and crypto, through our non drowsy educational content and tools. After that, place stop loss orders and limit orders. Profit from the markets by following the experts. Yes, PrimeXBT may charge inactivity fees if your account is inactive for a prolonged period. This is something that you can get in your account management page under the “referral” section. Ensure that you provide accurate and complete information to expedite the process. This website is owned by PrimeXBT PTY LTD. 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. Does this platform have active social media accounts. However, the high leverage can also amount your losses to the same extent so be careful. Based on their portfolio performance, managers earn a profit share from follower fees. There is no fee to join the PrimeXBT affiliate program. This can be related to regulations, permit issues, financial mismanagement, or a whole host of other company specific issues. You can find a full breakdown of their fees on the PrimeXBT fees page. If you need access to more trading pairs, then you should look elsewhere. These features aim to improve the trading experience, but their real world effectiveness remains to be assessed as we explore further. ETH Sell closely follows, delivering a substantial monthly profit of 216. Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. All content on coincodecap. PrimeXBT uses TradingView charts, providing users with advanced and interactive charting tools for technical analysis across various markets. Securely store all the Crypto you buy in your PrimeXBT Wallet. Click Download and confirm the file download if you see a warning. You can either elect to use a link with your code embedded or to give your referrals your code when they are signing up.

Restricted Jurisdictions

Traders should take advantage of these features to safeguard their accounts and ensure the integrity of their trading activities. Without KYC protocols in place, non KYC exchanges are more susceptible to scams and fraudulent activities. When trading markets, there much be an agreement on price. In this scenario, a 10% price increase would yield a $500 profit. The site lists 14 countries on its “prohibited jurisdictions” including Canada, U. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. Insights into PrimeXBT’s Cryptocurrency Trading. While they expect 2023 to be a slow decline, with BCH peaking in June at $111, by the end of the year they expect BCH to be worth $89. PrimeXBT offers a demo account that introduces traders to the broker’s services and allows them to tweak their strategies in a risk free environment. 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. 4256 as of January 7, 2025. You’ll then receive a confirmation code in your email inbox. Learn more about our ranking methodology. This should not be seen as financial or investment advice of any kind, nor does Prime XBT endorse or guarantee the relevance, timeliness, or accuracy of the information or publications. 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. It is ideal for experienced traders, offering advanced charting and a variety of tools to support diverse trading strategies. This approach ensures that traders of all levels, from beginners to seasoned professionals, can participate in the markets according to their capacity and trading strategies. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. This balance between security and accessibility is vital for any cryptocurrency trading platform. It is honestly very easy to use. 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. Additional terms may apply to free offers. While the app does send notifications for significant price changes in favorited assets, this is not as effective as custom alerts. With its extensive range of assets, innovative features, and robust security measures, it offers a comprehensive solution for those looking to diversify and maximize their trading potential 📈. Although leverage trading is a risky activity, it lets you enhance your position size by borrowing funds from the platform. Based trading solutions allow for reaction times not possible by human beings, it removes the potential for emotional trading and human error. Its user friendly interface and intuitive layout make it easy for beginners to navigate, while its advanced features and customizability offer powerful tools for experienced traders. Upto 100x Leverage on BTC.

Step 1: Setting Up and Funding Your Account

Furthermore, the custodians they use are fully insured members of the Bullion Association. For instance, funding fees for BTC on Binance and Bybit were both 0. You need to come up with a name for the strategy and a description for it so that it is clear exactly how you trade. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. Canada, Japan, Algeria, Ecuador, Iran, Syria, North Korea, Sudan, and others listed on the website. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Finally, if you suspect that something could be down with the exchange then you can always head on over to their status page. It seemed to me something cool and exciting. Best regards,The PrimeXBT Team. The broker publishes regular market news, weekly outlooks, and general market breakdowns. If the app is unavailable in your region, you can still access it through direct download from our site. Next, we will explore the automated trading capabilities of MT4 on PrimeXBT. Free $10,000 Practice Account. Today is not liable for any financial losses incurred while trading cryptocurrencies. Our website uses cookies. 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. Overnight financing fees, also known as swap fees or rollover fees, are charged when a trader holds a leveraged position overnight. Although Bybit offers more unique coins, Binance offers 1,709 trading pairs, and Bybit offers just 595. Start trading to fill the ‘Trade’ progress bar. Returns or profits may be subject to capital gains tax.

MAIN MENU

The term «token lockup» refers to a period of time during which cryptocurrency tokens cannot be traded or transferred. When reviewing a broker, we assess if it suits different trading strategies and trader profiles. These fees can include inactivity fees, data fees, and fees for premium services. 17 years helping Canadian businesses choose better software. No, Polkadot does not run on the Solana blockchain. I found the deposit process via Volet quick and easy, with funds instantly credited to my account. PrimeXBT’s focus on major cryptocurrencies and diverse financial instruments makes it suitable for traders looking to trade across different markets. Following the success of other exchanges that launched NFT marketplaces, Bybit was not going to let themselves be outdone and now offer a platform for NFT enthusiasts. I participated in demo trading tournaments, which are an interesting way to test skills without additional risks. Seek independent advice if you have questions or do not fully understand the risks. When a customer deposits $2500 or more, they get a bonus $500. The values listed below are for one full base currency contract 100,000 units. It depends on your individual risk tolerance and experience level. So, it should come as no surprise that the focus of tastyworks is its high tech trading platform. The loss can be figured out by simply multiplying the $0. Once you have created an account, you can start trading cryptocurrencies. Moreover, users can conveniently transact in US dollars. PrimeXBT is a well established CFD exchange that has become a popular platform for all types of traders as it gives clients the ability to trade a number of assets including crypto, stocks, forex, commodities, indices and more as contracts for difference. The systems, strategies, and examples discussed are provided for educational and illustrative purposes and may feature hypothetical or simulated performance results, which come with inherent limitations.

Contents

It is ideal for experienced traders, offering advanced charting and a variety of tools to support diverse trading strategies. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. You can easily find PrimeXBT promo codes through several channels. The intuitive design of the PrimeXBT Android app ensures that traders can easily access the tools and information they need to make informed trading decisions. ‘Available margin’ shows what you currently have in your account. Alternatives of Jubi and PrimeXBT. It’s great to know that our platform helps you effectively allocate risks, which is crucial for maintaining a balanced and resilient trading strategy. Novice traders can leverage a unique copy trading feature, mirroring experienced investors’ strategies to boost profit potential effortlessly. In the Cryptocurrency Service category. However, there’s a demo version for new users who are unsure about using the exchange. Like most crypto, you will need a wallet to store your new stellar. Crypto Futures and CFDs are high risk, leveraged products that may not be suitable for all investors, as they can lead to significant losses. If you are using “one click mode” then the contract will be executed immediately and an arrow icon will appear on the chart in the position where the price of the contract and the expiry time of the contract meet. PrimeXBT is an award winning Cryptocurrency trading application that provides traders with the full benefits to trading CFDs on Cryptocurrencies, by offering long and short positions, stop loss orders, trading accounts, and much more all under one roof.

Worse

With its user friendly interface, advanced trading tools, and seamless integration with the PrimeXBT platform, the app is an essential tool for traders who want the flexibility to trade anytime, anywhere. If you have been using the exchange for a period of time and are comfortable with the service then you may want to consider getting involved with their referral program. Having analyzed the trading conditions at PrimeXBT, we came to the conclusion that the platform establishes a transparent system of commission fees for each asset class. Finally, PrimeXBT also runs a pretty unique medium blog. In efforts to prevent slippage, PrimeXBT’s trading engine can execute orders at below 7. You can also sort markets by name and 24 hour change. Limit order: a limit order is an instruction to buy or sell a security at a specific price or better. CFD stands for contract for difference. PrimeXBT has several features to attract succesful traders, including. You are taking the difference between the open and close price and multiplying that by the position size. For detailed tutorials see.