CFD trading fees and conditions

Best regards,The PrimeXBT Team. By verifying the identity of its users, PrimeXBT can ensure a safer trading environment and comply with international regulations. PrimeXBT does offer free deposits for both fiat and crypto, but the withdrawal fees, especially for fiat, are higher than those on competing platforms. PrimeXBT does not support spot or P2P trading, focusing exclusively on derivatives, which can be complex and unsuitable for inexperienced traders. Some features and services may vary depending on where you reside. It can be because there is limited liquidity in the market or it can be because the matching engine at the exchange is not fast enough. 1 pips when trading CFDs. Most of the funds that are held at PrimeXBT are kept in cold storage. Below are the commission rates. Short selling involves selling an asset that you do not own with the intention of buying it back at a lower price in the future. In the table below, you can see what some of the experts in the crypto world believe will happen with Ethereum prices over the next several years. Date of experience: October 17, 2024. This is a convenient opportunity to profit on the crypto market for those who are very busy or have no experience in trading. Our 24/7 support team here to help. The agent responded within 5 minutes, offering detailed answers to some questions while completely missing others. Dogecoin also had the issue that it is one of many seemingly endless cryptos trying to grab your attention. Analyze portfolios, available crypto assets, and the recent and all time statistics of trading activity. The platform offers a very limited range of crypto futures markets and conditional orders. Before we do anything, we always think about our users, and how they will benefit. Trading Bitcoin can be very lucrative if you get the foundations right and learn how to manage the risks. In fact, PrimeXBT actually measured the slippage on their executed orders. With years of experience in the markets, we’re the broker of choice for 1M+ traders globally. This allows traders to open larger positions than they could with just their own money, potentially leading to higher profits. Additionally, the absence of mandatory KYC verification allows users from around the world to access the platform, bypassing geographical restrictions by using a VPN. ” This would include the idea of the ecosystem being able to allow seamless interchangeability between different blockchains.

◾️I didn’t receive a withdrawal confirmation email

StatusGator monitors over 4,000 cloud services, hosted applications, and websites. It rose to $10340 and started hovering around $10,200. Step 3: Navigating Dual Sign OnUsers face a dual sign on process after setting up an account with Coinify: two separate logins are needed for the same URL — one for PrimeXBT and another for Coinify. Before engaging with this website and the services made available through it, you should read all relevant Terms and Conditions, policies, and accompanying documentation which govern the Terms of Use of all PrimeXBT products and services. Although the absence of spot or margin go URL trading is a drawback, PrimeXBT compensates by providing a comprehensive futures trading experience. Human help when you need it. Switching markets and searching trading pairs on PrimeXBT is straightforward. If you do not see this then it means that you could be on a phishing site and should leave immediately. Bitcoin is an asset unlike anything else before it and is built on a futuristic distributed ledger technology called blockchain. Risk Warning: Before using this website or its services, you should review all relevant legal documentation. Additionally, you cannot set stop losses and take profits directly from the order form. We’re glad to hear that you’re enjoying the variety within our copy trading options, especially noting the success of traders specializing in CFDs alongside those in crypto. While I appreciated its user friendly interface, it does face the common limitation of all trading apps: the challenge of analyzing price action effectively on low resolution devices. Similar to Bitcoin, Litecoin is a digital currency that is expected to experience significant growth in the long term. Using this application is very helpful for beginners like me. Very High Triple A rating by Certified. Customer Support: 24/7 customer support available via email and live chat. To calculate the cost of such a full sized trade, I used this formula: Spread x pip value+commission. Therefore, we’ve decided not to include our usual rankings for PrimeXBT in this review. Founded in 2018, PrimeXBT is a Seychelles based forex broker. Seek independent advice if you have questions or do not fully understand the risks. After the crypto bubble popped, these assets fell to bear market lows but have spent the last three years trying to break out from downtrend resistance. A trader can analyse the crypto market through technical analysis or fundamental analysis.

CFD trading fees and conditions

Once enabled, you’ll need to enter a unique code from your authenticator app each time you log in. You have to refer the platform to your friends and family and when they sign up at Primexbt, then you are awarded in cash for this. The reason to trade via leverage is to increase profit potential. Virgin Islands, Northern Mariana Islands. By employing these risk management strategies, you can approach Bitcoin options or any leveraged trades or Futures contract with a more informed and cautious perspective. If you are looking for the most user friendly platforms that are incredibly beginner friendly, I would recommend taking a gander at our Kraken and Swissborg reviews. Hedera Hashgraph HBAR. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. Researching the best no KYC crypto exchanges to use to trade securely and privately. As a global trading platform, PrimeXBT is available in over 150 countries, making it more accessible than many of its competitors. There are also exclusive promotion periods and additional rewards for some of the top traders. This approach allows investors to own and control their XRP directly, but it requires a degree of technical knowledge and responsibility for secure storage. “, will make your life easier. The minimum deposit is 0. Select the currency you want to deposit.

Responses 4

Learning how to trade commodities can be a lucrative strategy in the financial markets. Although the absence of spot or margin trading is a drawback, PrimeXBT compensates by providing a comprehensive futures trading experience. Check out our Help Center. Buying and holding cryptocurrencies worked well a few years ago, but the market has moved beyond that in 2025. Virgin Islands, Northern Mariana Islands. PrimeXBT is our preferred platform for trading futures, because of its competitive fees, the number of markets it offers, and its user friendly interface featuring charting tools from TradingView. I think that payments and pricing here are good because of the crypto exchange part of the company. To claim PrimeXBT bonuses, register an account, make a deposit, activate available bonuses on your account dashboard, and meet any specific requirements associated with the bonus. XRP News Today: Ripple Execs Meet Trump as SEC Appeal Looms; BTC Drops to $97K. Volet deposits are free, while Perfect Money charges a 1. Instead, there is only one account providing all the broker’s services with no limits based on deposit size and trading volume. I like the trading environment at PrimeXBT as it delivers a quality niche offering for Forex and cryptocurrency traders. Trade Execution: One Click trading can be enabled to expedite the buying and selling process, eliminating the need to confirm each trade. Returns or profits may be subject to capital gains tax. PrimeXBT provides traders with an interesting alternative to the status quo with crypto margin trading. The trade fee is charged for entering a position, and the overnight fee is charged for positions held overnight. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Unlimited via Perfect Money. Some traders set trailing stop losses, so that the amount of profit continues to climb until a reversal eventually stops out the position in profit. Since 2018, PrimeXBT brand was been providing traders all over the world with cutting edge financial technology, helping them make the most out of the markets. Comments: My cryptocurrency trading experience with PrimeXBT is very enjoyable. Take a break and reassess your trading plan and market conditions. By implementing these strategies, traders can effectively manage overnight fees and enhance their overall trading profitability.

PrimeXBT Asset Coverage

Receive the latest news and stay informed. Shiba Inu has no proper official roadmap, as it is a decentralized platform. Go to Settings > Security and enable Install from Unknown Sources if prompted. At the time of writing, PrimeXBT claims to have over 40 employees and boast over $545 million in average daily volume. Date of experience: December 26, 2024. When using live chat, I usually received a response within 2 minutes. We have the fee breakdown for a selection of assets in the table below. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. While well regulated exchanges offer additional security features and insurance in some instances and are generally considered safe to conduct transactions on, leaving crypto you’re not actively investing on any exchange is a risk just look at those who left funds on FTX, Celsius, Voyager, and more. PrimeXBT is also continually adding new ways to interact with the platform and the trading community, such as an easy way to buy crypto using the free PrimeXBT mobile app. Aside from the trading interface, Bybit is quite nice to use in terms of navigation. Com, is a beginner friendly exchange where you can buy and sell crypto with fiat USD or your local currency. When looking at the recently daily chart for ADA coin on the PrimeXBT platform, you can see that the 50 Day EMA is currently hanging around the current price here. It is easy to top up/fund, with a friendly milieu as I follow experienced traders to copy positions. Fees are also significantly less on XRP, the XRP blockchain can handle a number of different assets, and more compared to Bitcoin. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Once bought, tokens swiftly land in your personal wallet for safekeeping. The charting platform on Bybit is powered by the insanely powerful and popular Tradingview, which has become the industry gold standard for technical analysis traders. This acronym means Know Your Customer, and ensures that the person managing positions, trades, or funds is the one authorised to do so. That is not a criticism against them, these platforms are not in the niche of providing beginner and user friendly platforms, they are in the business of running advanced crypto trading platforms for serious and experienced traders.

Customer support on PrimeXBT

In this scenario, you can take a common moving average such as a 50 Day EMA and wait for the market to bounce towards it. Platform infrastructure utilises Amazon Web Services for reliability. It also does not allow direct setting of stop losses or take profits, requiring an additional step after opening a position. However, the platform does have higher fees compared to competitors like Binance and Bybit, which can cut into your profits. Trading extremely volatile assets may result in huge gains, especially with more robust trading instruments like PrimeXBT. This will allow you to earn a commission from referring friends to the platform. To follow and copy forex traders here is just easy. Crypto is also highly lucrative, but the volatility can also be a con. Funding fees are calculated on an hourly basis and can be viewed directly on the trading platform.

Is the exchange regulated?

Thank you very much 🥰. Amazon has come a long way since its humble beginnings as an online bookstore back in 1994, and an IPO. You should only “HODL” with money you’re prepared to lose. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. You can open an account and start trading with just your email address. It’s also where you access your margin trading, turbo predictions, and covesting strategies features. Jacob Crypto Bury also maintains a Discord group that traders can join, share ideas with the community and receive frequently shared trading signals. We also have in depth dedicated reviews for both of the exchanges in this article if you want to learn more about them. The trader uses stop loss orders to automatically exit the position if the price falls below a predetermined threshold, limiting potential losses. Moreover, this makes the exchange less of a target for identity thieves who are looking for juicy targets in databases. Unlike some exchanges, PrimeXBT does not request Proof of Income/Wealth, making it a more appealing option for users who prefer not to share their personal information. Leadership: There is no information available online about the founder or current leadership of PrimeXBT, which is both disappointing and concerning.

Frequently asked questions

However, it lacks depth and diversity. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. Once a withdrawal has been requested, users will have to wait for the PrimeXBT team to process it as withdrawals are manually processed. Trading without a trading plan is a recipe for disaster, as emotions are more likely to take over your logical brain when making trading decisions. You can read more about it here. In order to do this, you will need to provide them with an email and password. Compared to the industry average, PrimeXBT provides an average number of currency pairs and a high number of commodities, indices, and cryptocurrencies. The agent responded within 5 minutes, offering detailed answers to some questions while completely missing others. Additionally, you cannot set stop losses and take profits directly from the order form. Instead, the best protection is simple awareness and prevention. Below we have included the catalysts for a short squeeze and short squeeze charts showing examples. During his tenure, he analyzed various financial markets, companies and acquisition candidates for corporate clients undertaking financing and MandA transactions. I also like that they have 24/7 Customer Support and their chat agents are very knowledgeable and very friendly. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. After registration has been completed, PrimeXBT requires a minimum deposit of 0. If we turn our attention to Bybit, they take the industry standard approach of keeping funds in cold storage to the next level. Join 1M+ traders who choose PrimeXBT as their go to trading platform. Providing financial education to those who need it most has always been a passion of mine. Consolidating withdrawals to reduce the impact of fixed fees and considering the timing of cryptocurrency network fees can lead to significant savings. Withdrawals requested before 12:00 UTC are processed on the same day, while those requested after 12:00 UTC are processed the following day. You alone are responsible for evaluating the merits and risks associated with the use of our systems, services or products. The platform accepts various documents for KYC verification, including passports, government issued ID cards, residence permits, and driver’s licenses. How would it impact price movements and the so called “cycle theories”. If you speculate with 1 bitcoin that XRP price will surge against BTC in 24 hours and it does increase by 10%, you’d make a profit of 0.

PrimeXBT App

Cardano was late to the Crypto market compared to many others, but the altcoin Crypto asset is brimming with innovation,. By leveraging these resources pun intended and approaching the market with a cautious and informed perspective, you can navigate the exciting realm of Crypto leverage trading with more confidence. The absence of PoR could be a significant deal breaker for many traders, as transparency is crucial when selecting a trading platform to trust with your funds. Index trading, or the trading of stock indices, simplify the process of trying to bet on the fluctuations and movement. During my PrimeXBT broker review, the EUR/USD spread was, on average, 0. This feature certainly stands out in the crowded market and positions PrimeXBT uniquely. I tested PrimeXBT’s spreads on 13 December 2024 during the London and New York opens. Benefit from spreads as low as 0. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and links to selected news, blogs and other sources of economic and market information for informational purposes and as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. PrimeXBT offers specialized copy trading accounts where strategy followers and providers can connect and interact. PrimeXBT allows verified users to make unrestricted deposits and withdrawals for both fiat and cryptocurrencies, a feature not commonly found on other platforms. Users can deposit, withdraw, exchange, and transfer Crypto. In the registration form that opens, enter your email and a password. This category of financial assets includes a diverse array of items traded in the market, including but not limited to gold, oil, and wheat. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. Trades and strategies can be shared across social media and strategy managers can manage their strategies through the “My Strategies” area of the platform. Jito Staked SOL JITOSOL. Reach out via the following contact methods. The reality is that nobody knows, and therefore any estimate at this point is only a guess. Earn up to 75% of profits as a follower, while providers benefit with up to 20%. PrimeXBT is not currently regulated or licensed, which raises safety concerns as it’s harder to ensure the safety of user funds and transactions. However, these processors might still impose their own KYC requirements, impacting the exchange’s anonymity associated with fiat transactions. PrimeXBT has a lack of transparency regarding fees that can eat into profits. The platform provides low fees across the board for all traders, regardless of the volume of trades. I found the absence of direct bank account withdrawals inconvenient, as transactions through third party payment providers typically take longer to process. As mentioned, the maximum leverage on PrimeXBT is 1:200 for BTC and ETH pairs, with other crypto pairs varying between 1:5 to 1:50 and up to 1:1,000 on some of their forex pairs.

Saxo Bank Fined €1 6 Million for Violations by Now Merged BinckBank

Your inquiry has been sent; our manager will contact you as soon as possible. It offers a wide array of assets and secure proprietary wallets, along with customizable interfaces and essential market tools. As PrimeXBT does not support holding LTC tokens, I used USDT to test this withdrawal. There are going to be a few growing pains along the way. The order books are clean, and a customizable experience on both platforms helps traders set their trading stations the way they like. While they don’t offer nearly as many earn products as Binance, they have a lot more on offer than much of the competition out there. Launched in 2018, the platform has quickly gained popularity due to its high leverage options, innovative features like the Covesting module, and a user friendly interface. Placing trades on PrimeXBT is simple, with an easy to use order form. There is also a mobile version an application, which has somewhat limited functionality, but is generally similar to the main version. 414 Fibonacci price target drawn from the 2021 swing high to 2022 swing low projects a target for this cycle of $9,700 per ETH.

Step 3: Withdrawal and Review

Trade 100+ markets like BTCUSD, EURUSD and SP500. Platforms and Charting Tools. The first step is to create a cryptocurrency wallet. It’s great to know that our efforts to reward our users are making a positive impact. You need to have enough funds in your crypto trading account to cover the margin amount, and also some additional funds that form a buffer in case the leveraged trade starts to go against you. Lastly, when it comes to withdrawals, PrimeXBT is one of the few exchanges that require a mandatory white labelling of Bitcoin addresses. Here are the similarities and differences in the functionality of these terminals. Copy Trading provides an easy entry point to profitable trading for beginners. To view your active bonuses on PrimeXBT, you can follow these steps. The wide range of trading instruments allows the creation of a well diversified, risk averse, and high performing trading portfolio. PrimeXBT does offer free deposits for both fiat and crypto, but the withdrawal fees, especially for fiat, are higher than those on competing platforms. Dear Jacobo,Thank you for sharing your thoughts about PrimeXBT. So, how does this happen.

Kontakt

To verify, log in to myAlpari on the exchange’s website, click on the Profile icon in the upper right corner. According to the statistics, 75 89% of customers lose the funds invested and only 11 25% of traders earn a profit. PrimeXBT does offer free deposits for both fiat and crypto, but the withdrawal fees, especially for fiat, are higher than those on competing platforms. Staying updated on the latest trends, strategies, and technologies helps traders maintain a competitive edge, improve their trading skills, and achieve long term success. If you do not have this then you may have to wait for up to seven days as the broker manually resets this. In the beginning price at 10. Trading cryptocurrencies on margin carries a high level of risk, and may not be suitable for everyone. Shorting Bitcoin on PrimeXBT is possible thanks to the contract for difference market that enables price speculation without physical asset ownership. Coin Bureau readers who sign up to PrimeXBT using our referral link will receive a FREE 35% BONUS as well, definitely worth taking advantage of. The PrimeXBT team has also made bold claims about their copy trading feature. New User Sign Up Bonus Links:ByBit and PrimeXBT. The risk was only $5 on GBP/USD, and my balance was around $316. And finally, the 5 supported commodities. The PrimeXBT desktop platform has a single mode that offers a range of advanced trading features and tools, which might be overwhelming for inexperienced traders. To calculate your profit, you need to multiply the difference between the closing price and the opening price of your position by its size. Whether you’re drawn to the potential for capital growth, dividend income, or voting privileges, stock trading offers a dynamic avenue for investors to engage with the market.

Joaquin Lopez

1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. 40, and would have to have an almost unimaginable move higher to get there. However, PrimeXBT offers an excellent online platform that many traders love. It is important to note that Bybit supports derivatives and spot trading, as opposed to PrimeXBT, which only offers CFDs Contracts for Difference. Our Currency Converter uses live rates to provide you with the most up to date conversions. PrimeXBT does not accept clients from the jurisdictions listed in the Company’s Restricted Jurisdictions List. PrimeXBT and Bybit differ in terms of KYC requirements. Why It’s Popular: A fork of Bitcoin, Bitcoin Cash offers larger block sizes, which means faster transactions and lower fees. To celebrate hitting the 10M user milestone, Bybit is waving fees on all spot trading pairs which is pretty sweet. PrimeXBT leverages Cloudflare’s technology to protect against DDoS attacks and the security team routinely runs tests and updates to ensure the security of the platform. Understanding how these fees are calculated is crucial for managing long term positions. Well, I was surprised to find out the commissions on crypto futures for taker 0,02% and maker 0,01% which is low and cheap compared to other crypto exchanges. Basically, customers who choose to use this platform are on their own and do so at their own risk. It was founded around the time of the 2017 2018 Bitcoin bull run, as an alternative to the multiple less reliable and legitimate signal providers. The file is verified secure by PrimeXBT. On Android, the PrimeXBT app leverages the platform’s flexibility and customization options, allowing users to tailor their trading experience to their preferences. Crypto Deposits: PrimeXBT offers free crypto deposits. Ethereum, the Ethereum market is more established, but Solana is trying to catch up to Ethereum.

Join Our Community

Additionally, the broker does not charge handling fees for deposits or withdrawals or impose inactivity fees on dormant accounts. Shiba Inu SHIB has become one of the most well known meme coins in the Crypto world, largely due to its. In a sense, it is the same as quoting WMT/USD. Margin trading both amplifies profitability during large price swings and allows traders to squeeze profit out of even the smallest price movements, especially helpful during sideways trading environments. The same amount of money will be made in returns, but significantly less capital will be put at risk for a greatly amplified effect. Thanks to the TradingView integration, it offers more customization and charting functionality. Active users across the world. The same holds true of their organic efforts. This limitation restricts users from using payment methods directly supported by PrimeXBT, making it less convenient to deposit funds. Trustpilot provides a broad spectrum of user experiences, offering valuable insights into both the strengths and potential challenges of using PrimeXBT. PrimeXBT is a versatile and innovative trading platform that offers a wide range of features tailored to meet the needs of both beginners and experienced traders. There is now no denying that the digital asset class is here to stay. The covesting feature is a game changer. I tested both versions and found that they offered a smooth trading experience without any significant compromises. The platform is known for its user friendly interface, advanced trading tools, and high performance execution. Traders can insert or remove widgets, resize and move panels around, change chart appearance, colours, grids and spacing, and basically rework everything in a manner that suits them. Additionally, the absence of mandatory KYC verification allows users from around the world to access the platform, bypassing geographical restrictions by using a VPN. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. However, please note that the amount should exceed the withdrawal fee for the asset you wish to withdraw.

Worse

Our clients love how fast and simple our sign up is. Visit the fees section to confirm the exact fees on the day. The vibrant colors, sharp details, and wide viewing angles make for an immersive visual experience. Asis clear from the run down of the top five coins above, many of them are on the cusp of breaking out into mainstream adoption and use. Regulated by the authorities in Cyprus. Catering primarily to advanced traders, OKX offers several trading options and tools. This multi level referral scheme offers additional commissions: 20% for direct referrals, 15% for level 2, 10% for level 3, and 5% for level 4 referrals. Make sure you understand the difference between Spot and CFD trading before getting started. You should also pay special attention to the size of your trade. 05% for Cryptocurrencies● 0. PrimeXBT developed its own web trading platform with advanced charting capabilities powered by TradingView. Take a look below and see why this crypto leverage trading site offers you a fresh new way to make something off the back of the cryptocurrency revolution. However, due to the high volatility of cryptocurrencies, the article does not recommend trading them with margin or leverage.

Worse

However, if you’re experienced, you’ll likely appreciate these features, though the limited number of available markets, especially for niche altcoins, might be a drawback. Also Deep liquidity is a feature of Prime XBT that enables traders to initiate and exit deals rapidly and at attractive pricing. This website is owned by PrimeXBT PTY LTD previously named Stack Advisory PTY Ltd a company registered in South Africa, with registration No. It is also a great way for experienced traders to earn some extra income from other traders. We also tested the trading functionalities by exploring different trading pairs and conversions and assessed the associated fees for transfers and withdrawals. 0009 BTC means its 10$ then they allows us to start verification procejure. Learn more in our Cookie Policy. I also like their security measures which assure me my account is cyber attack free. Expert traders provide video tutorials, tips, and courses to level up your knowledge on chart reading, indicators, risk management, developing trading plans, and more. It maintains an active community across social channels and runs community events, which positions it as a more community centric platform. Depending on your jurisdiction, some products or services might not be available. It takes just a few minutes to get started. This pushes privacy conscious users toward no KYC crypto exchanges, which allow trading without personal info.