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- PrimeXBT is a diverse financial trading platform for CFDs, cryptocurrencies, and commodities.
- The platform has a 1 million user count, and more about the platform can be read in this review.
Established in 2018, PimeXBT is among the world’s leading crypto brokers. The platform tracks price movement, across markets with live charts of hundreds of digital assets. PrimeXBT provides financial technology through its website, WebTrader, and app.
PrimeXBT envisions a future where individuals can get easy and immediate access to the markets. This is in addition to providing education and tools they need to succeed, regardless of their financial experience.
The mission of PrimeXBT is to become a global leader in online trading, for any financial market, from Crypto to Commodities. The platform aims for its brand to be synonymous with innovation and quality, and to build upon its reputation as a trusted and reliable partner for traders globally.
Core Products
The key products offered by PrimeXBT include CFDs and Forex trading, crypto trading, copy trading, and crypto futures. PrimeXBT recently launched a total revamp of its brand, website, and all-in-one platforms. Alongside the revamp is a campaign called “We Listen,” in which the crypto broker says customer input served as inspiration for many of the improvements.
CFD Trading on PrimeXBT
CFD trading allows traders to speculate on both rising and falling markets, without having to take ownership of the underlying assets. With PrimeXBT, users have access to over 100 CFD markets including Forex, Indices, and Commodities.
Traders can trade major and minor currency pairs like EUR/USD, USD/JPY, GBP/USD, USD/SGD, and other Forex CFDs on PrimeXBT.
With CFDs on Indices, users of PrimeXBT can trade stocks like S&P 500, Nasdaq, AUS200, and HK-HSI in a single instrument. This can be done while enjoying some of the best-leveraged trading conditions in the industry.
Traders can open larger positions in their favorite markets, with a smaller initial investment by using leverage. While higher exposure can lead to greater returns, leverage also involves risk, which should be managed with an appropriate risk management strategy.
With Commodity CFD, traders can speculate on Metals like Gold, Silver, Lead, and Energies products like Oil. This can be done without the struggle of having to own and store the physical assets.
To trade Commodity CFD on PrimeXBT, open a CFD trading account on the WebTrader or app by entering your email address and setting a password.
Crypto Buying on PrimeXBT
Crypto enthusiasts can buy over 60 cryptocurrencies including Bitcoin (BTC), and Ethereum (ETH) on the PrimeXBT platform.
In the buy crypto section of the platform, users can exchange their crypto for fiat currencies and withdraw to their bank account. They can also use their crypto to purchase goods and services at participating outlets. Furthermore, individuals can swap one crypto for another via their PrimeXBT account.
How to Buy Crypto on PrimeXBT
Buying crypto on PrimeXBT can be done within minutes by following a simple process using a Visa or Mastercard.
The first thing to do is open a PrimeXBT account. Next is to select the preferred payment method, then choose crypto and the amount required. Your PrimeXBT wallet will instantly be credited after completing these simple procedures.
Copy Trading on PrimeXBT
With PrimeXBT Copy Trading, users can copy experts on the platform to earn passive income. Experts who share their strategies on PrimeXBT stand a chance to earn up to 20% from follower profits. Their earnings increase as their followers and shared strategies increase. On the other hand, followers can earn up to 75% profit share, when trades copied from top performers succeed.
PrimeXBT’s Copy Trading program now has membership options, which offer customers a variety of additional benefits. These include higher profit margins, lower trading fees, and much more. Moreover, PrimeXBT offers its Followers and Strategy Providers a range of risk management tools to help minimize potential losses and maximize possible profits.
To get started with copy trading, open a free PrimeXBT account, browse all expert traders, select a top performer, and automatically copy their trades.
Crypto Futures on PrimeXBT
On the PrimeXBT platform, users can trade open long or short positions on a range of Crypto Futures, including Bitcoin, Ethereum, and Litecoin.
Deposit Limits
PrimeXBT implements deposit limits on its offerings to enhance utility. Users must deposit at least $10 to trade CDFs on Indices. A minimum investment of $1 is needed for trading Forex CFSs, $5 for trading commodities, and $1 for trading cryptocurrencies.
Fees
PrimeXBT does not charge fees for account opening and maintenance. Deposits on PrimeXBT are also free, while withdrawals start from $0.5 depending on the chosen vendor or blockchain. Traders can also benefit from zero commission and spreads as low as 0.1% when trading CFDs.
The spread, or the bid-ask spread, is the difference between the sell (bid) and buy (ask) prices of an asset. Note that the ask is always higher than the bid. Essentially, the spread is the fee paid for trading an asset.
PrimeXBT also implements swap fees or overnight funding fees when traders hold a position open for an extended period. This helps the platform cover costs for providing leverage and market liquidity. Furthermore, the Maker Fee is 0.01% and the Taker Fee is 0.02% when trading crypto futures on PrimeXBT.
Rewards
PrimeXBT offers exciting rewards and bonuses to its users, just for completing tasks. With this strategy, PrimeXBT aims to grow its platform, while allowing users to harness market opportunities.
Users who deposit $1,000 in their trading account stand a chance to win $200. The platform also has a welcome bonus of $100 for users who deposit $500, within 48 hours of registering. Furthermore, a big shot reward of $500 is available for deposits over $2,500, while a high roller reward of $1,000 is available for deposits of over $5,000.
Partners
PrimeXBT has formed collaborations with reputable stakeholders since its inception. Some of them include Fireblocks, Devexperts, Baksta, Bitfury Crystal, and Talos.
Achievement
Since its inception, the platform has amassed over 1 million clients worldwide. The platform has an average global rating of 4.6, with 24-hour human support for users.
How To Register on Prime XBT
To register on PrimeXBT WebTrader;
- Log into the official website
- Click on the register icon
- Log in with your email and password
You can also register by downloading the PrimeXBT app on Google Play or Apple Store.
