Prime XBT is a Bitcoin-based trading platform that was founded in 2018. The platform offers leveraged trading on several cryptocurrencies, including Bitcoin, Litecoin, Ethereum, and Ripple. Over the past two years, PrimeXBT has experienced massive growth and currently provides services to traders in over 150 countries across the globe. PrimeXBT is known in the cryptocurrency space as a provider of top-tier liquidity and numerous trading tools. They do this while maintaining excellent security, liquidity, and providing a safe and efficient trading environment for all levels of traders.
The main focus of PrimeXBT is to provide superior technology to make the cryptocurrency trading process easier for the users. Their robust trading system appeals to both beginners and professional traders as it grants them access to highly reliable market data and performance. The trading platforms here are designed to facilitate a high number of orders execution per second, ensuring fast order execution and low latency. All categories of traders can use the platform to easily design and customize layouts and widgets to suit their trading style. Overall, the tough security, access to leverage trading, highly reliable market data, and other features make PrimeXBT a good platform cryptocurrency traders.
Trading Platforms
PrimeXBT supports two major trading platforms on its website.
PrimeXBT platform
This is the proprietary trading platform for PrimeXBT. According to the broker, this is the number one Bitcoin-based platform for active traders, allowing people to trader over 30 assets with leverage. It is a reliable and intuitive platform that offers all the needed tools to manage and execute orders and analyze market data. PrimeXBT platform has a fully customizable workspace, professional charts with over 50 technical indicators to analyze price trends, and multiple order types. The secure wallets make it easy to deposit and store the crypto assets in a secure personal wallet.
Turbo platform
This is the ultra-fast trading platform offered by PrimeXBT. The platform allows traders to earn up to 90% in under 30 seconds by just predicting whether the price of a given asset will surge or plummet from its current price. The platform has a demo account that allows traders to start with a free 1 BTC. As a crypto platform, it is available 24/7 and allows traders to trade Bitcoin, EUR/USD, Gold, and other financial instruments. Other features of the Turbo platform include interactive charts, responsive interface, instant deposits, and more.
Investment Products
PrimeXBT provides access to four financial markets. They are;
Cryptocurrencies
PrimeXBT’s primary investment products are cryptocurrencies. It allows people to trade Bitcoin, Ethereum, Litecoin, and Ripple against the U.S Dollar. Trading cryptocurrencies is highly speculative, and with PrimeXBT, traders enjoy deep liquidity, powerful trading tools, intuitive and user-friendly interface, and advanced charting tools.
Forex
In addition to cryptos, PrimeXBT provides users’ access to the leading forex currency pairs. Traders trade top currency pairs like the EUR/USD, GBP/USD, AUD/CAD, and AUD/CHF with leverage on PrimeXBT. The broker has one of the best-in-class trading platforms, and coupled with low trading fees; it is one of the best places to trade FX pairs.
Commodities
PrimeXBT is also home to some commodities. Traders can trade Gold, Brent, Crude, and Natural Gas, with leverages against the U.S Dollar. On PrimeXBT, users get fast access to the commodities markets and enjoy multiple profit opportunities. The features make it an excellent platform for beginners and experienced traders to access these assets.
Stock indices
Traders that wish to trade the top stock indices can do so on PrimeXBT. This broker provides access to indices like the NASDAQ100, S&P 500, GER30, and HK-HIS. With PrimeXBT, traders get to enjoy fast access to the global markets, fundamental and technical analysis, and ease of use for all levels of traders.
Regulatory Stance
PrimeXBT is not a regulated broker at the moment. However, it has provided a wide range of security measures to ensure that the funds and personal data of their customers remain safe and secure at all times. The 2FA provided by Google Authenticator ensures that user accounts remain secure always. Other security measures include; encrypted SSL, mandatory Bitcoin address whitelisting features, hardware security modules, Cloudflare, and more.
Trading Tools and Resources
PrimeXBT offers users access to various trading tools and resources including;
- Trading indicators and charts
- 2FA and other security features
- Bitcoin address
- Trading leverages, and more.
Commissions and fees
This broker charges two types of fees: trade fees and overnight financing. The trading fee for the cryptocurrency pairs on PrimeXBT is 0.05%, and they have a financing/day long fee of over 0.04% of daily funding rate. For indices and commodities, the trading fee is 0.01%, while they all have a daily financing fee of over 0.02%. The trading fee for FX pairs is 0.001%, making it the lowest amongst all the investment products. Their daily financing fee is over 0.003%.
Payment methods
The only acceptable payment method is via Bitcoin. Thus, making PrimeXBT a Bitcoin cryptocurrency exchange/brokerage. Their system affects the deposit and withdrawals and the ways traders source for funds to trade on the platform.
Customer service
PrimeXBT has one of the best customer services amongst Bitcoin-based brokers. As a broker that offers services in the cryptocurrency sector, PrimeXBT provides a 24/7 customer service to its clients. You can get in touch with the support team via email or live chat every day of the week and at all hours of the day. They also resolve issues in little to no time. PrimeXBT has an expansive FAQ section, where users can find quick answers to some of the random and popular questions about cryptocurrency and financial markets trading.
Account opening process
To open an account with PrimeXBT, follow these steps;
- Visit the PrimeXBT official website at https://primexbt.com/
- Navigate to the upper right hand of the platform and click on Register
- Insert the required details such as email, and password.
- Accept the terms and click on register
- You will receive an email confirmation link. Confirm your registration, and you are set to start trading on PrimeXBT.
