PrimeXBT is an ADVFN award-winning Bitcoin-based margin trading platform offering up to 1000x leverage on long and short positions across forex, commodities, stock indices, and cryptocurrencies. The platform, founded in 2018, is based in Victoria, Seychelles.
Deep Liquidity and Reliable Trading Engine
The trading platform is noted for its reliability, even during peak volatility, with as high as 99.9% uptime. Orders execute with speed and precision, with the tightest spreads thanks to deep liquidity.
During the recent COVID-19 related selloff, the combination of traditional assets like stock indices and oil along with cryptocurrencies helped attract over $1.33 billion in trading volume at its peak, putting the platform toe-to-toe with many of the largest cryptocurrency exchanges.
Up to 1000x Leverage and Advanced Trading Tools
Leverage is enabled across all of the platform’s available assets, at varying degrees.
The highly volatile digital asset class of Bitcoin and altcoins Ethereum, Litecoin, Ripple, and EOS, are all available at a maximum of 100x leverage.
Commodities natural gas, WTI Crude, and Brent oil CFDs also trade at 100x, as well as stock indices such as the S&P 500 or DAX.
Gold, silver, and more than ten forex currencies across dozens of trading pairs are all available at 1000x leverage.
Long and short positions can be managed with precision using advanced trading tools like stop loss and take profits orders, and orders can be placed directly from the platform’s built-in charting software with a high level of accuracy in strategic planning of entry levels or exits.
Unlike many other trading platforms, long and short orders may be held simultaneously, allowing traders to build hedge positions or apply other techniques.
Registration, Deposits, and Withdrawals
Registration is fast and is only a few steps, taking no more than a couple of minutes to speed through the account setup process.
No personal information is required. Sign up via email, click the link to confirm, and enter your country.
A low minimum deposit of 0.001 BTC is required. Accounts are denominated in Bitcoin only, but if you do not have Bitcoin to deposit, the platform is integrated with a third-party service called Changelly that allows fiat deposits as well as deposits of other cryptocurrencies.
Withdrawals are also done in BTC, once per day, during a scheduled timeframe. Outside of this window, users may cancel their withdrawal. Safety features such as address whitelisting are included, and a pin is sent to confirm each withdrawal before sent.
Customer Service and Security
The platform uses advanced encryption for passwords, two-factor authentication, and a variety of bank-grade security features
Customer service is available 24/7 through a live chat service. A help center is also available that includes a host of guides and instructions on how to get the most out of the platform’s tools and features.
Referral and Affiliate Program
PrimeXBT has grown rapidly in part due to the platform’s referral program. Traders are offered commissions of up to 20% on direct referrals. Any referrals they bring in, nets the initial user 15%, 10%, and 5% respectively, to four levels of referral commissions.
Marketing tools are available to promote affiliate links, and successful users have generated over 110 BTC combined in the top 3 alone.
CPA offers and a deeper partnership through an ambassador program are also available, for professional affiliate marketers or those with larger followings.
Noteworthy Innovations
The platform has many features beyond its trading tools, charting software, and educational materials, it also offers two new extras: the Covesting Fund Management Module beta, and PrimeXBT Turbo.
The Covesting Fund Management Module beta is a peer-to-peer tool that allows top traders to become fund managers and matches them with investors who are eager to ride the success of the industry’s best. Investors earn profit from the trader’s strategies and skills, while the fund manager grows their profits through a profit-share portion of success fees investors generate.
PrimeXBT Turbo offers profits of up to 90% every 30 seconds through short-duration, synthetic UP or DOWN Bitcoin contracts, adding a great way to profit when markets are stagnant.
Conclusion
PrimeXBT is a well-rounded, multi-asset trading platform that allows a high degree of portfolio diversification. Forex, commodities, stock indices, and cryptocurrencies are all offered at up to 1000x leverage, leaving no opportunities behind.
This is especially critical during the current market volatility – more access to assets translates into more ways to profit, which means faster capital growth and success.
From quick registration to deposit to trading, the process takes very little time or money investment. Deposit and position requirements are low, and trading fees are competitive making it very low cost and thus lower risk to get started.
Tools like leverage gearing trades for larger profits with smaller capital at stake combined with the platform’s advanced trading tools can help provide traders with an edge.
Innovative features such as PrimeXBT Turbo and the Covesting Fund Management Module beta are great side attractions that can potentially lead to more and faster profit than traditional trading itself.
