What is PrimeXBT?
Founded in 2018, PrimeXBT offers a robust trading system for both beginners and professional traders that demand highly reliable market data and performance. The entire infrastructure of the platform is designed to facilitate a high number of orders per second and extreme loads while offering ultra-fast order execution and low latency.
The exchange platform offers its users up to 100 times leveraged trading on the most popular cryptocurrencies and stock indices, as well as up to 1,000 times leverage on FX pairings and commodities. The brokerage also charges dynamic costs, which drop to as low as 0.001% as your account balance increases. It includes a few trading products to meet your needs, including the flagship PrimeXBT platform, which includes many technical indicators and order types, a Turbo platform for high-frequency market trading, and a Covesting module that allows you to copy strategies and invest alongside other experienced traders of your choice.
The user interface on all trading platforms is current and configurable.
CFD trading is available on 11 cryptocurrencies, 50+ currency pairs, 11 stock indices, and commodities at PrimeXBT (gold, silver, oil and gas). The variety allows traders to diversify their portfolio with a number of assets, and the fact that they offer CFDs allows you to 'go short' on cryptocurrencies, which is not feasible on most crypto trading platforms. PrimeXBT is also a margin trading platform that allows customers to trade positions worth more than their initial deposit in order to increase their potential returns. The leverage varies by asset, for example, 20x leverage for ADA/USD, 100x leverage for BTC/USD, and 1000x leverage for GBP/USD.
Additionally, the platform offers Copy trading which allows users to trade without actively participating in the market by automatically following and executing the deals of successful traders. It allows investors to save time by eliminating the requirement for fundamental and technical examination. It is especially beneficial to new investors because it eliminates any guesswork and potential blunders caused by inexperience.
PrimeXBT is unregulated, hence it is exempt from the same KYC standards as other brokerages. The platform, on the other hand, has a slew of security protections to keep your assets and account safe. 2FA, manual withdrawal clearance, Bitcoin address whitelisting, and cold storage of digital assets are just a few of the features.
