PrimeXBT has earned a reputation for being a one-stop shop for novice and professional traders alike. In today’s fast-paced world where individuals are juggling a career, family, social life, and sometimes several side gigs, the need to have all resources in one convenient location is a critical one.
To provide a clear picture of the full value offered by the award-winning trading platform, we’re breaking down the total PrimeXBT package, piece by piece, and highlighting which features are the best of the bunch.
Introduction To PrimeXBT: An Advanced Trading Platform
As an introduction, PrimeXBT offers innovative tools such as copy trading, traditional tools such as long or shorts, and other ways to generate income for traders seeking alternatives to trading alone. The pitch is that all of this is packed under one roof and offered to novices and professionals in a pristine package through a stylish visual interface.
Registration takes only minutes, due to a low level of personal information required. Deposits can be made to a secure cryptocurrency wallet in BTC, ETH, USDT, or USDC. No minimums are required, taking away any barriers to accessing the platform.
Accounts are protected by bank grade security infrastructure, two-factor authentication, compulsory address whitelisting, and much more. The platform has never been hacked and boasts as much as 99.9% uptime for reliability that simply cannot be matched.
Dynamic Dashboard Experience And 50 Assets To Trade
The PrimeXBT dashboard is where the experience truly begins. There, users can open a margin account with any funds they’ve deposited, and get down to business. The main section provides a top-down view of all accounts, and a snapshot of all things PrimeXBT. Wallets can also be accessed here.
A transfer from said wallets to a margin account lets traders tap into more than 50 different trading instruments across crypto, forex, commodities, metals, and stock indices. There’s Bitcoin, Ethereum, Litecoin, the S&P 500, FTSE, gold, oil, and plenty of major and exotic currency pairs, all in one place, to boot.
Flexible Margin Accounts With Professional Trading Tools
Using CFDs, traders can go long and short on all of the above markets, set a stop loss, or take profit when a target is reached. Leverage can also be applied to positions to allow traders to maximize capital and condense risk. With less capital on the line, there is less to lose, but so much to gain.
All positions can be managed from the same screen, which can be further customized to a trader’s liking with a plethora of included widgets. Traders can use the variety to build and keep tabs on a highly diverse trading portfolio, with digital and traditional assets.
Charting Software Included For Risk Management
In the analysis section, there is a wealth of charting tools, technical indicators, and more to work with. Using such tools, traders can draw trend lines, plot support and resistance, or devise a trading strategy to execute complete with where to place a stop loss level.
Such tools often require a separate platform entirely, and often subscription fees to access, however, built-in technical analysis software is included for free with all PrimeXBT accounts regardless of any capital level.
Covesting Copy Trading Changes The Game
At this point the experience begins to diverge for novices and professionals. Skilled or experienced traders might prefer to become a strategy manager through Covesting, while novices are better suited in becoming followers who can copy the trades of others.
The Covesting copy trading module connects these followers with strategy managers who both profit from one another. Followers make money when strategy managers are successful, and strategy managers earn a portion of followers’ success fees. The system allows novices to become profitable when they otherwise wouldn’t know how, and also make strategy managers even more profitable than otherwise possible by tapping into follower capital.
All such traders are ranked within a global leaderboard system by total profits, which also includes other risk and success metrics for followers to make a decision based off of. Both sides of the trade can also join one another in discussion within the official Covesting telegram community.
Miscellaneous And More: The Other Features You Must Know About
Beyond the tools mentioned here, PrimeXBT also has a four-level referral system that those with large audiences can take advantage of. Even those with more meager networks can still benefit because those they refer will also earn the first referrer in the chain with a commission. The chain can go up to four levels deep.
Top earners that rely on the PrimeXBT four-level referral program have earned as much as $2 million individually. Payouts are made daily in the account currency each referral relies on, in assets like BTC, ETH, USDT, and USDC.
Traders who prefer one asset to another, can swap coins in the built-in PrimeXBT exchange tool. Within each wallet, the user has the ability to exchange one crypto asset for another. For example, a referral account might generate BTC, but the trader prefers to use USDT for account margin due to the stable value. In this case, the users can simply swap the coins, and trade to their unique style.
Summary: Why PrimeXBT Is The Total Package For Traders
To top off what is an already sweet deal, there is 24/7 live customer service, a massive help center filled with topics, and a company blog that offers more guides and tips than it does business updates. There is also a free mobile app so users can keep tabs on markets and positions while on the go. All of this means that the company puts the client first and is always ready to lend a helping hand even proactively.
The rumors and buzz are all true: PrimeXBT is the total package that you’ve been hearing about, and this article makes it clear why there is so much hype surrounding the platform. With awards to back up any claims the company makes, and droves of happy users sounding off on social media, there is plenty of reason to consider PrimeXBT. But seeing is believing, so be sure to check out the award-winning margin trading platform today.