PrimeXBT review 2020 – Trade Crypto, Forex, CFD with No.1 Platform

PrimeXBT review 2020 - Trade Crypto, Forex, CFD with No.1 Platform

Overview

The modern crypto industry is so advanced that there are many trading platforms available with various features that suit the needs of one set of traders or others. PrimeXBT is a versatile platform, designed to meet the needs of all types of Traders, regardless of their level of experience. The platform is new to the industry. Established in 2018, the founders of the platform have taken sufficient time to analyze other platforms, applications, and applications of various segments of the trading community to develop a state-of-the-art solution that provides to the needs and aspirations of young entrepreneurs, amateurs and professionals.

Platform Features

PrimeXBT is a straightforward and easy-to-use user interface. Setting up an account on the platform can take less than 40 seconds, and once an account is created, users can use a long list of two trading and earning options. It offers a 100x rate for all crypto men trading, an additional 10x rate for the 1000x scale of FX and CFDs.

Other features on PrimeXBT include cross margin, custom layout, customer notification package, used order types, trading from charts, secure address verification, different deposit options with a minimum price of 0.05% on all merchandise. Similarly, PrimeXBT also enables traders to open longer and shorter positions while trading to benefit from both market circles and declines. With a processing speed of 12,000 orders per second traders have a great trading option without the rejection of orders and super high latency.

Prime-XBT “Turbo” platform

Another alluring tab you will see in your account’s dashboard is the Turbo platform. If you are just getting started, you will consider the Turbo platform a phenomenal spot to begin. It permits you to hold a position on assets until you achieve the predetermined desired profits. You have the alternative to travel long and short. 

NOTE: If you wish to purchase bitcoin, for instance, your account will develop in an incentive as the price of Bitcoin increments. On the off chance that the cost of bitcoin diminishes, your account loses esteem in like manner. Besides standard trading (buys), the PrimXBT platform permits you to hold a position that will increment as the cryptocurrency falls in price. This is called selling or going short, rather than purchasing or going long. 

Regarding time exchanging, you have three distinct choices of time window as 30 seconds, 1 min, 5 minutes. 

Presently, you just have six distinctive exchanging choices. These are BTC/USD, ETH/USD, EUR/USD, GBP/USD, EUR/JPY, and USD/JPY. 

More Points on the Turbo platform: 

  • The expected benefit from precise figures, perhaps 70% or 85%, relies upon the termination date.
  • There is a restricted downside risk. 
  • There is additionally a social angle here. You can perceive what different merchants are doing, and you can contend with them on the leader board.
  • Exchanging outlines are moderately basic and don’t have any technical analysis tools to comprehend.

Deposits and Withdrawals

When it comes to financing your trading account on PrimeXBT, there are many options. The platform supports cryptocurrency deposits in BTC and 30 other currencies in addition to fiat in USD and EUR programs with credit cards.

Withdrawal options on PrimeXBT are currently limited to BTC. However, the platform could add other options in the near future.

There is no deposit and withdrawal limit.

How to access the platform

Users can log into their accounts in the platform’s light, the responsive web interface, using the browser on any connected device. Also, PrimeXBT has a powerful application for powerful Android devices that can be downloaded from the Google Play store.

PrimeXBT offers a highly customized dashboard for its users and a powerful charting engine for many types of charts. These charts come with various indicators and drawing tools for analyzing and interpreting styles. Users can place orders directly from charts.

The platform supports five different types of orders: Limit, Market, Stop Market, OCO, and Stop Loss / Take Profit.

Currencies and indicators

BTC, LTC, ETH, XRP, EOS, EUR / USD, GBP / USD, AUD / CAD, AUD / CHF, AUD / JPY, AUD / USD, EUR / AUD, EUR / CAD, EUR / CHF, EUR / GBP, EUR / JPY, GBP / AUD, GBP / CAD, GBP / CHF, GBP / JPY, USD / CAD, USD / CHF, USD / JPY, XAG / USD, XAU / USD, HKD / USD, BRENT, CRUDE, NAT. IGAS, GER30, SP500, NASDAQ, HK-HSI, JAPAN, UK100

Security

PrimeXBT provides a no-KYC trading platform, making the onboarding process easier for traders. The company is heavily invested in ensuring the highest security measures by using several security measures to cover unplanned threats and the risk of cracking. First, most of the users’ funds on the platform are stored in cold offline wallets, eliminating third-party access. In addition, all PrimeXBT wallets are protected by multiple signature policies to dispose of a single point failure.

Also, passwords are secured hashed cryptographically, and site traffic is encrypted with SSL algorithms, hardware security modules with FIPS PUB 140-2 Level 3 or higher are also in place. PrimeXBT also has a Bitcoin address whitelisting authentication process designed for wallet addresses to ensure that money is not transferred to any wallet without user authorization. Cloudflare integration protects the platform from DDoS attacks.

Referral program

PrimeXBT offers many referral programs.

The four-level framework offers 20% direct referral commissions. Be that as it may, what makes the framework distinctive is that any new clients’ who get a commission from the user he referred will also give commission reward to the user who referred the second level of referral chain. 

Direct referrals give 20% commissions, while classes 2, 3, and 4 get 15%, 10%, and 5% respectively. Some of the top earners have just made more than 51 BTC ( 400k+ USD ) relying upon the PrimeXBT’s affiliate leaderboard. 

Customer Support

To provide its users with excellent customer support services, PrimeXBT has appointed personal account managers and 24/7 open lines to ensure that any complaint lodged is addressed in the shortest possible time. Users can email their questions to [email protected] or chat with company representatives online.

In addition to providing vendors with a dedicated platform to perform their functions, PrimeXBT also has a four active membership system. The latter assures users that they reach up to 50% of their transfers pay with transaction fees. Although based in the Republic of Seychelles, retailers have access to their global platform. To enjoy the ultimate experience while trading crypto, open an account at PrimeXBT.

 

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