PrimeXBT offers robust trading platforms: Review

  • Serves to more than 150 countries
  • Founded in 2018 and headquartered at Cyprus 
  • The platform has fully equipped 50 technical indicators and a full suite of charting and analysis tools
  • It is a user-friendly platform where one can earn up to 90% by merely predicting short-time price moves of various assets 
  • Offers MT4 and MT5 trading platforms

Prime XBT is a cryptocurrency exchange providing many benefits of trading on its platform. This article covers the trading platforms that the broker offers to traders and how they prove to be beneficial for them. The platform is easy and straightforward to use for the novice and experienced traders. 

Prime XBT was founded in 2018, and within a short period, the exchange has achieved a lot of success in terms of the trading volume. It is one of the known crypto exchanges from Seychelles. The derivatives exchange has grown exponentially and served more than 150 countries. It is providing leveraged trading to clients all over the world. 

This broker has its offices in St. Vincent and the Grenadines and shifted the headquarters to Cyprus in 2019. The company currently has a strength of 75 plus and has a total of three offices. The average trading volume of the exchange is $545 million and has almost 50 plus trading assets. 

Founded: 2018

Trading Assets: 50+

Average Daily Volume: $545million

Liquidity Providers: 12+

No. of Offices: 3

No. of Employees: 75+

Easy technology for beginners and experienced

Prime XBT offers a robust trading platform which is compatible with beginners and professional traders. The platform offers highly remarkable data and performance. The infrastructure is robust and facilitates a higher number of orders per second. The platform offers ultra-fast order execution and low latency. The layouts are easy to design for traders with no or minimum knowledge. Also, experienced professionals can design and customize layouts and widgets to the best of their trading style. There is ultra-fast execution, which is <7.12ms on average. 

Award-winning Trading Platforms

The exchange offers one of the best products for the experienced and novice traders. The types of trading platforms are listed below:

PrimeXBT

It is one of the bespoke platforms which is browser-based. There is no need to do any download or installation of the system. The platform has fully equipped 50 technical indicators and a full suite of charting and analysis tools. It is the award-winning platform which offers innovative tools with advanced features. 

Under this platform, the traders can place trades and manage orders directly from charts. 

It can be customized easily according to the requirements of the trader. Different types of orders can also be executed under this platform to stop losses and take profits simultaneously. A secure personal wallet is given to traders where a trader can withdraw, deposit and store their assets in the secure personal wallet. All the assets are kept in the offline storage system to protect users against any possible risk.

Turbo Platform

The fastest and easiest way to trade markets is through this platform. It is a new way to trade on this platform. It is a user-friendly platform where one can earn up to 90% by merely predicting short-time price moves of various assets like Bitcoin, Gold, S&P500, oil, EUR/USD. The short term period has a limited potential profit, but they also reduce downside risk because the maximum amount of loss is deposited.

Hence it is not suitable for the traders who are looking for maximum profits in maximum time. There is no analysis tool available, neither is there any facility of indicators. It has only one primary chart type, which means charting is limited on this platform. The platform offers interactive charts, responsive interface, and instant deposits. 

Covesting Module

It is the smarter way to trade where a trader can choose among the best performing traders and copy their trading activity. It means the traders can earn the second income by allowing others to follow your trades. But there is one disadvantage of this, that your trading becomes public. However, it is an excellent technique to get maximum risk covered with safe trading. 

It can be done in three simple steps:

  1. Choose a trader: browse through thousands of trading strategies, review the traders trading pattern and choose the wise one suitable to your needs.
  2. Set the amount: choose the amount to allocate in the trading activity into the selected category
  3. Click follow: after choosing the trader, start following and get the returns as your favourite trader gets. One can follow multiple traders at a time. 

Covesting allows traders to trade in the public eye and transparently compete with other traders in the market. Every trader can get the second income by receiving success fees from their followers. The more followers the trader has, the more earning he can make. 

It is easy to make an account with PrimeXBT. One can make the account free on this platform and access multiple markets via a single account only. With PrimeXBT one can trade in cryptocurrencies, Forex, Commodities, Indices. Save on the trading fees. 

Leverage

The rates on PrimeXBT are very competitive. It offers 1:1000 for forex pairs and provides margins as low as 0.1%. The prices of precious metals are 1:500 (0.5%). Cryptocurrency, indices, and energies go as high as 1:100, giving a 1% margin. The leverage rates of Prime XBT are higher than what other exchanges like Kraken and Binance are offering. Covesting accounts have the advantage of leverage as the rates go up to 1:200 for all asset types. 

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