There is an ongoing war being waged across the cryptocurrency market between the best and most profitable trading platforms. The ammo being used, however, is margin and whatever list of assets available on each platform for trading.
PrimeXBT is a margin trading platform with an extensive list of assets all available for trading at up to 1000x leverage, but also offers some incredible unique features that others in the market simply cannot compare to.
This comprehensive PrimeXBT review will detail to you if the platform is worthy of your time, money, and effort, and if it is a safe and secure platform to trade on.
Traditional Assets Meet Digital Currencies
With traditional markets more volatile than ever before, these markets have made PrimeXBT especially interesting for those who are seeking to build a diverse portfolio across crypto assets, forex, stock indices, commodities and more. Here is the full breakdown of assets.
BTC/USD, ETH/USD, ETH/BTC, LTC/USD, LTC/BTC, XRP/USD, XRP/BTC, EOS/USD, EOS/BTC
BRENT, CRUDE, NAT.GAS,
AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, CAD/CHF, CAD/JPY, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/NZD, EUR/SGD, EUR/USD, GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/NZD, GBP/SGD, GBP/USD, NZD/CAD, NZD/CHF, NZD/JPY, NZD/SGD, NZD/USD, USD/CAD, USD/CHF, USD/JPY, USD/RUB, USD/SGD, USD/TRY
DOWJ, EUR50, FRANCE, GER30, SP500, SPAIN, NASDAQ, HK-HSI, AUS200, JAPAN, UK100
Registration, Deposit Methods, and Withdrawal Methods
Registration with PrimeXBT only takes a few minutes to be set up due to requiring no “know your customer” (KYC) process.
After you sign up, confirm an email address and deposit a minimum of 0.001 BTC to begin. PrimeXBT has brought Changelly into the fold to accept deposits in major fiat currencies such as EUR, USD, or various cryptocurrencies.
All accounts are denominated in BTC, which is used as collateral on CFDs for each trading instrument.
Withdrawing BTC to your external wallet can be done with a few clicks. BTC addresses have to be added to a whitelist before making withdrawals. Once the whitelist has been set up, users may send BTC to any address they confirmed during the whitelist process for a nominal fee of 0.0005 BTC.
The platform’s support center is also packed to the gills with helpful tutorials on how to complete all of this in the unlikely event that anyone gets stuck.
Reliable Trading Terminal and Advanced Tools
The trading terminal offers a variety of customization through widgets. Widgets include everything from watch lists, and charts.
Built-in charting software lets traders build an effective plan and trading strategy using trend lines, chart patterns, and many top trading indicators, such as Ichimoku, RSI, Parabolic SAR, etc.
Charts are clickable, so traders can enter long and short positions directly from the charts itself, for unrivaled accuracy and plan execution. Stop loss and take profit orders can be added to order before or after they are placed, further reducing risk and maximizing profit potential.
Additional Revenue Sources
PrimeXBT showcases one of the finance industry’s finest affiliate programs. It goes four levels deep, allowing traders to earn profit from any referred traders, and any traders their referrals refer as well.
Direct referrals offer a full 20% on fees, while each level thereafter nets 15%, 10%, and 5% at levels 2, 3, and 4.
CPA offers can be had by affiliate marketers, webmasters, and more, while influencers and traders with bigger followings can find out about PrimeXBT’s one-of-a-kind ambassador program.
PrimeXBT also offers a 24/7 live customer support chat, a help center, and a company blog filled with helpful information, regular updates, and guides.
The platform was also recognized for its customer support when compared to other platforms in a third-party peer review. PrimeXBT was noted for its extensive footprint on Telegram, social media, and quick, friendly responses.
Turbo and Covesting
PrimeXBT recently launched a separate platform for short duration, synthetic Bitcoin contracts. The ultra fast, simplistic trading experience lets traders choose from an UP or DOWN contract at either 30 seconds, one minute, or five minutes.
This tool is especially interesting for when markets are lacking a defined trend, and are tightly ranging, and can bring traders profits of up to 90% in 30 seconds.
Although it is a Bitcoin-based contract, forex, gold, crypto and more trading pairs are offered by Turbo. However, it is advised to try the free demo account before using one’s own capital, as there is a high risk of capital loss.
PrimeXBT also debuted the Covesting Fund Management Module beta, which lets top traders create funds for investors to invest in. These investors can sit back, relax, and let their profits stack up at the hands of other top traders across the globe.
Interest has already exploded in the new tool, but because it is in beta phase, its value will only increase over time as development is completed and the final product is introduced.
PrimeXBT took home several awards recently, including the ADVFN award for Best Bitcoin Margin Trading Platform. It has only increased the platform from a value perspective, honoring the great and advanced features outlined in the review above.
With so many profitable tools and over 50+ assets to choose from along with fast registration and low initial deposits, PrimeXBT is highly recommended.