PrimiXBT reviews for 2023 Over the last several months as volatility has reached extreme levels in all markets, and more people are finding themselves home, bored, with spare time, and perhaps spare money due to less spending on social activities.
This has resulted in a massive surge of interest in retail day traders. The boom in volatility has also lured more experienced traders to try their hands in unfamiliar markets to see what other opportunities are out there.
PrimeXBT is an award-winning trading platform that caters to both new retail traders and experienced traders seeking to diversify their portfolios and access a breadth of trading instruments all under the same roof for easier position management.
This review breaks down all of the platform’s key features, and will by the end reveal to the reader if PrimeXBT is worth signing up for. All aspects of the platform will be considered as part of the final conclusion, from which instruments are available for trading, to which tools are offered, how fast the registration process is, and everything in between.
Getting set up on PrimeXBT could not be easier. Registration can be completed in just a few clicks. The entire process took no more than a few minutes.
A low minimum deposit of just 0.001 BTC is required to fund your trading account. Low minimum positions sizes are available across all trading instruments.
For those who for some reason or another struggle with the process, which is very simple, a help center and live, 24/7 customer service is available to assist via live chat. Support reps are trained to deal with any situation in a friendly and prompt manner.
The trading terminal itself can be customized through a variety of widgets, which include charts, watch lists, open positions, open orders, and more. For those that demand a more professional experience, dual-monitor support is also offered.
All information pertaining to orders, sizing, and price data are always made clear, and a detailed trading history and account statement is available for accounting purposes.
A referral program is also offered that lets users generate up to 20% commissions on direct referrals, and an additional 15%, 10%, and 5% on any new users the referrals bring in.
Those taking advantage of the program have already generated over 50 BTC in earnings.
A free mobile application for iOS and Android keeps traders connected at all times.
The reliable platform offers up to 99.9% uptime and has barely any hiccups in a normal trading session. Even when extreme volatility strikes, PrimeXBT remains stable and keeps on performing to expectations.
Tools include long and short positions, stop-loss orders, take profit protection orders, one cancels another, GTC, and more. Built-in charting tools are also available for technical analysis and trade strategy planning.
Taking things one step further, day trading strategies can be executed by clicking on the chart itself to enter positions with incredible accuracy.
No third-party website or API integration is necessary to access charting software, for unmatched value. Typical services often involve a recurring monthly fee, but PrimeXBT adds this feature for free to give their users a competitive advantage.
Orders executive quickly, and at the price selected, with very little slippage and high liquidity.
The most active traders can earn discounts off of trading fees, which are already highly competitive. At over 300 BTC turnover, a 25% discount is awarded, while over 600 BTC in turnover enables a staggering 50% discount.
PrimeXBT offers a large variety of instruments all under one roof so that traders can build a diverse portfolio for the highest level of performance and risk aversion.
Assets include cryptocurrencies like Bitcoin, all of the world’s major forex currency trading pairs, the most important stock indices, and commodities like gold, silver, oil, and gas.
More and new instruments are being added regularly, so be sure to check back often to see if the list has grown if PrimeXBT doesn’t immediately offer a trading pair you are interested in. But at over 50+ unique instruments, there is something for everyone.
All accounts are protected by bank-grade security infrastructure and both website and wallet level protections. The website itself uses encrypted passwords, and DDoS protection from Cloudflare, along with other security techniques.
Wallets are further protected by compulsory address whitelisting, and optional but recommended two-factor authentication.
The platform has never been hacked, and due to the way the system is designed, in the event of unauthorized access, if proper protections are set up, users cannot make off with any funds.
Bad actors are kept out thanks to a partnership with Crystal’s Bitfury for advanced blockchain analytics.
PrimeXBT was recently honored for a number of awards, including Best Bitcoin Margin Trading Platform by ADVFN, and we can understand why.
The platform has all a trader needs to become profitable and offers both accessibility and depth that is ideal for both novices and professional traders with long careers.
New traders will immediately feel the power of the platform and the easy to use tools. Experienced traders will appreciate the large variety of instruments and charting software with over 50 technical indicators built-in.
Both can sign up easily in very little time using a short and sweet signup process. After a low minimum deposit, or by buying Bitcoin directly on the platform itself, users can immediately get started trading one of the over 50+ trading instruments offered by the advanced trading platform.