PrimeXBT December 2023 Copy Trading Report: 6,800% ROI trader crowned year’s success story

Bitcoin’s Decline Could Mean Gains for Solana: $187 Target in Sight. These reduced fees can really make a difference to your trading. Casual traders interested in digital assets can benefit from PrimeXBT’s extensive crypto offering. To trade Crypto perpetual contracts, go to the Trade dropdown menu, select ‘Crypto Futures’, and your ‘Margin Account’. However, please note that the amount should exceed the withdrawal fee for the asset you wish to withdraw. Bitcoin and cryptocurrencies, in general, are usually ranked as highly volatile assets due to unexpected price movements. Technical analysis involves studying price charts and using indicators to predict future price movements. The Fee Reduction Bonus is a bonus that provides users with a discount on trading fees and overnight financing charges on the PrimeXBT platform. Spread fees on PrimeXBT begin at 0. All the services on the Tradersunion. Click the “Sell” button, and then click the “Send Order” button to execute the trade. Minimum deposit is affordable with a limit of 60USD when buying. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Registration No. Entering a long position with leverage essentially means a trader anticipates a Cryptocurrency’s price to increase. As you can see, caution is necessary. For USDT, USDC and COV the withdrawal fees vary depending on the network used. All you have to do is open a live trading account, develop your trading strategy, analyze the market, and open your trade. Content is written free from bias and is fact checked where appropriate.

Pros and Cons

We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. You should consider whether you understand how leveraged products work and whether you can afford to take the inherently high risk of losing your money. 9 USDT for every 8 hours. CFDs are what we offer at PrimeXBT. 2024 00343, having its registered office address at PKF Corporate Services Ltd. The best aspect of this dashboard is that it is highly customizable. Donetsk People’s Republic. Although the absence of spot or margin trading is a drawback, PrimeXBT compensates by providing a comprehensive futures trading experience. Next, URL’ye git you will be required to provide a scan copy of a document confirming your identity. You can make deposits and withdrawals within the app as well. However, due to the high volatility of cryptocurrencies, the article does not recommend trading them with margin or leverage. Wicks showing rejection pre close allow early entries.

8 Top No KYC Crypto Exchanges in 2025

It has materials about what Bitcoin is, how to use algorithmic trading, how to read a Japanese candlestick chart and much more. Moreover, users can conveniently transact in US dollars. 🔝Best for: Traders looking for a simple and secure platform. Chainlink must continually innovate to maintain its competitive edge. Moreover, this promotional offer is only valid on the first deposit. Designed with a research driven approach, Cardano focuses on the sustainability, scalability, and security of decentralized systems. On the other hand, there’s a flat 0. Once confirmed, a withdrawal cannot be canceled. The fixed leverage is high for me, so it’s difficult sometimes to avoid significant losses. Related: How to Convert BEP20 to ERC20 Tokens Guide in 2023. You should know that leverage can greatly increase profits but it’s also a very sharp double edged sword because it drastically increases risk as well. Labeled Verified, they’re about genuine experiences. The content of this website is not intended for citizens or residents of the European Union, the wider European Economic Area, or the United Kingdom. The few scores available are largely negative, primarily criticizing the platform for its lack of Proof of Reserves, absence of an active bug bounty program, and overall lack of transparency. My live tests indicate that broken down by asset class and compared to the industry average, PrimeXBT charges low spreads on cryptocurrencies, average spreads on currency pairs, average to high spreads on commodities, and high spreads on indices. However, I do understand that this trading style may not be for everyone. PrimeXBT is safe to use as it complies with three well known Forex regulators and has cryptocurrency licenses from two trusted industry regulators. These duo tools help users minimise their trading journey by spending less time clicking on multiple buttons once they are set up. This lack of transparency is concerning, especially since most leading cryptocurrency exchanges began providing PoR after the 2022 collapse of FTX. These include protection for up to €20,000 per submitted complaint, supported by the self regulatory body’s compensation fund.

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In an environment where security breaches can have devastating consequences, the platform’s commitment to robust protection measures is commendable. Chart patterns are specific price formations that can often be used to anticipate the future price movement in a price chart. Reducing leverage and using more margin can help lower funding fees, which are higher than those of competitors. However, despite this impeccable record, the strategy has encountered a monthly loss of 49. Gemini is easy to use and offers a variety of trading features and rewards. The Fixed Tradable Bonus PrimeXBT is a bonus added to the equity of your trading account and can be used as additional collateral to open positions. Just click the ‘Deposit’ button under ‘Total Funds’ on the Accounts dashboard, or on any of the other ‘Deposit’ buttons across the platform. Engaging in trading through PrimeXBT, whether by following, copying, or replicating the actions of other traders, carries significant risks, including those associated with following or copying traders. Short selling, on the other hand, allows you to profit from falling prices in the market. It takes just a few minutes to get started. Com not there now, when I refused to pay anymore money into their scam I became a target of bitcoin360ai and I assume they are the same ppl, even had death threats from them. Let’s look at each market separately. Understanding overnight financing fees and their impact on your trades is crucial for managing long term positions effectively. Instead, there is only one account providing all the broker’s services with no limits based on deposit size and trading volume. The live chat feature allows users to get instant assistance from customer support representatives. Dear BriasThank you for sharing your experience with us. These alternatives offer various discounts and deals, making them competitive options for cryptocurrency trading. However, there’s a demo version for new users who are unsure about using the exchange. Borrowing funds to trade on margin incurs costs in the form of interest rates. Com sees the 2025 price as reaching $2. Be certain to visit the PrimeXBT blog to learn more. Nonetheless, this should be thought of as an investment and something that you could potentially lose completely on. In a nutshell, the process is as follows. All mentions of the names of companies and their brands in any materials on the website shall be made in the context of communication of socially important information to the people about their activities by independent journalists, who are the authors. Everything we do is in service of our clients and their best interests. PrimeXBT PTY LTD is an authorized financial services provider in South Africa with license number 45697 having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa.

How to sign up and use Prime XBT

The intent was to prevent money laundering risks. The complex interface is unsuitable for inexperienced traders. Virgin Islands, Northern Mariana Islands. Trading extremely volatile assets may result in huge gains, especially with more robust trading instruments like PrimeXBT. Twitter: aylerTBMLinkedin. If you invested in Ethereum in October of 2023, you would have doubled your money by March of 2024. Crypto Futures and CFDs are high risk, leveraged products that may not be suitable for all investors, as they can lead to significant losses. This means that traders can take a position on some of the more traditional assets allowing them to explore other markets and hedge crypto positions. Here’s a simplified example of how leverage translates to Crypto trading. Click on ‘Promo codes’ to access the area where you can input your code. Go to Settings > Security and enable Install from Unknown Sources if prompted.

Trading Test

It offers services in over 160 countries across continents such as North America, Europe, Asia, Australia, and Africa. For added security, PrimeXBT allows you to lock the app with a passcode, fingerprint, or FaceID, in addition to their existing account security measures like 2FA. Required fields are marked. Trade 100+ markets like BTCUSD, EURUSD and SP500. No, US citizens cannot use the PrimeXBT account as the platform restricts access to its services for users or residents of the United States of America. PrimeXBT does not support direct deposits via bank cards. I opened this long position with a tight stop loss. Trading Fees: The platform charges a flat trading fee of 0. After successfully connecting your account to the Telegram Bot, reaching out to our support team is straightforward. © Since 2005 – Powered by ❤️. To make a withdrawal to a new Account ID, users are first required to make a deposit with that Perfect Money Account ID,. However, it lacks a depth of markets tool and does not support automated trading via Expert Advisors EAs. Each account can have up to 20 subaccounts. PrimeXBT’s traditional asset CFDs provide traders with access to a diverse range of financial instruments, allowing for ample diversification and investment opportunities. Ethereum Name Service ENS. While registered in Saint Lucia, its cryptocurrency services are provided by Baksta UAB, a company registered in Lithuania. During periods of high volatility or low liquidity, the execution of a stop order might occur at a price significantly different from the buy stop order call price. Regular checks and DDoS protection keep the trading space safe. Don’t confuse market risk with poor trading. Leverage amplifies your profits. Cryptocurrencies are digital currencies that are usually encrypted, peer to peer, decentralised and kept on a distributed ledger or blockchain. While the network has been proven effective, it’s a matter of trust that people will have to gain back. Most providers have free and paid subscriptions. PrimeXBT does not charge for deposit or wallet creation. Standard order types such as market, limit, stop loss, and OCO can be applied to your short or long positions. Information regarding past performance is not a reliable indicator of future performance. Actual virtual assets Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. Thanks to the fantastic mobile app, traders can also take their trading on the go.

Is my money safe on a cryptocurrency exchange?

At PrimeXBT, we offer negative account protection, meaning that we constantly monitor any positions that threaten both parties involved in the loan to keep disaster at bay. I have broken down the most important research tools with PrimeXBT below. The platform lacks niche tokens or memecoins and does not have a launchpad or new project area, making it unsuitable for traders who want to trade the latest tokens. Leveraged trading has an avenue of benefits. Donetsk People’s Republic. You decide that the price of AAPL should continue to rise over the next several days and wish to buy to CFD to take advantage of this move. Every live trade is inevitably impacted by a variety of market forces that ultimately determine its outcome. Now, let’s discuss which one among them is the best for margin and copy trading. This is because you know that over the longer term, your rules do make money. We are committed to the fair handling of reviews and posts regardless of such relations.

How do I deposit/withdraw money into/from a PrimeXBT account?

Direct Crypto deposits allow you to seamlessly transfer cryptocurrencies from your personal crypto wallets directly to your PrimeXBT Wallets, enabling quick and secure funding of your trading account. Placing trades on PrimeXBT is simple, with an easy to use order form. Our mission is to make PrimeXBT a global leader in online trading, for any financial market, from Crypto to Commodities. In the world of Crypto leverage trading and margin trading, you can use two main approaches to capitalise on price movements, long trades and short trades. Indeed, the high leverage levels make it a similarly attractive proposal which will allow those users to magnify their returns on borrowed money. KYC is implemented to monitor transactions, track criminal behavior, and prevent terrorism financing according to global anti money laundering policies. Trading Features: The mobile app supports trading for both Crypto Futures and CFDs, including all order types such as limit orders, stop limits, day orders, OCO, and GTC. These fees are generally less common but can still impact your overall trading costs. Clients can access more than 100 tradable instruments at varied trading fees. With up to 50% revenue share, performance bonuses, and recurring commissions, partners can enjoy substantial earnings. I can share a little bit what indicators I’m using during a trading session, these are: Ichimoku Cloud, Fibo retracement and the RSI index. You can change leverage on PrimeXBT by adjusting the leverage settings in the trading interface. Since then, Cardano price has been very negative until recently. Our analysis also didn’t find any glaring red flags and appreciate Bybit’s dedication to security. PrimeXBT has no minimum deposit as such, you can deposit any amount. Even if the fund is depleted the bankrupt traders get funds from the winning traders. I found PrimeXBT to be a great fit for experienced derivatives traders, offering advanced trading tools and high leverage options. Although the absence of spot or margin trading is a drawback, PrimeXBT compensates by providing a comprehensive futures trading experience. If you’re just getting started with crypto, you’ll want an easy and reliable way to purchase tokens like BTC. If you do not see this then it means that you could be on a phishing site and should leave immediately. The latter will not apply if you enter and exit the position within the day. I will post pictures of the emails to prove the responses. However, the absence of custom price alerts was a notable drawback. This is much different than most markets that you may be used to, such as futures or stock markets. The ATO record keeping requirements for crypto require you to keep the following. Quantitative data refers to on chain metrics such as total BTC address, number of transactions, hash rate, and more, while qualitative analysis could refer to the belief that the Crypto industry could disrupt precious metals. Remember, knowledge is power.

User Friendliness 14/20

Our website uses cookies. For additional resources and support, refer to PrimeXBT’s user guides, tutorials, customer support, community forums, and FAQ section. This gives a leverage ratio of 10:1. These are bets made to predict that an underlying asset’s value will decline. Its intuitiveness and simplicity provided a pleasant trading experience. Despite this, the optional KYC feature makes the platform ideal for users who prefer to remain anonymous and avoid sharing personal data with exchanges. Dear Gokce,We appreciate your feedback on the versatility of the PrimeXBT trading platform. Com takes no responsibility for your actions. SandP 500 SDX: As the holiday season wraps up and the New Year begins, the SandP 500 remains a fascinating. Deposit any amount to your CFD Trading or Crypto Futures accounts. However, KYC verification is required for using any fiat services, such as depositing fiat or buying crypto with fiat. They have a long standing sterling and trusted reputation within the crypto community, and offer one of the most solid and high performance trading engines in the crypto space. Compare the markets and instruments offered by PrimeXBT and its competitors. For example, if you are analyzing Bitcoin, you can look at the current trading volumes and compare that to future volumes. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. If you do not understand the risks involved, or if you have any questions regarding the PrimeXBT products, you should seek independent financial and/or legal advice if necessary. PrimeXBT offers standard order types including market, limit, stop loss and OCO. Its intuitiveness and simplicity provided a pleasant trading experience. Date of experience: December 31, 2024. Trading natural gas online is quite simple.

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The lack of transparency regarding the founders, leadership, and Proof of Reserves is concerning and may deter some traders. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. For instance, if a trader starts getting onto a winning run and is making profitable trade after profitable trade, they might be more inclined to be a little risky when it comes to the next trade. This website is owned by PrimeXBT PTY LTD. Additionally, while PrimeXBT excels in copy trading, it lacks bot and social trading features, which might be a downside for some users. Scan this code to download app. What are fees on forexchief. With an all time profit of 111. 05% fee for trading cryptocurrencies. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR of El Salvador, with registration number 66d10393e8a00a3181b8e457. Crypto Futures and CFDs are high risk, leveraged products that may not be suitable for all investors, as they can lead to significant losses. Wharton Fellowship, the Executive Leadership Council award as well as the Shils Zeidman Entrepreneurial Fellowship at Wharton. The exchange does not currently offer fiat off ramps for withdrawals. This one of the reasons why PrimeXBT is so attractive to cryptocurrency traders. There are numerous AI driven signals providers offering various solutions for all types of traders. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. The financial markets are constantly evolving, and staying updated on the latest trends, strategies, and technologies is crucial for maintaining a competitive edge. Many traders are actively seeking alternatives to platforms such as BitMEX and Bybit. In an environment where security breaches can have devastating consequences, the platform’s commitment to robust protection measures is commendable. However, there are certain jurisdictions where our services are restricted. The fees on Bybit will also vary depending on which market or contract is being traded, you can find a full breakdown on the Bybit trading fees page. While he may be the most bullish, CryptoYoddha isn’t the only analyst who believes ETH has more room for growth this year. This is because they are one of the few exchanges that do not complete KYC or AML checks on their traders. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No.

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Thank you for your kind words and for choosing PrimeXBT. ” The song holds true here, and hey, it is between them and God, in my opinion. Here is an example of margin trading in the crypto market. PrimeXBT Trading Services Ltd, is a company incorporated and existing under the laws of Saint Lucia, with Registration No. Fast Execution: The platform boasts fast trade execution speeds, which is crucial for high frequency trading and ensuring minimal slippage. PrimeXBT places a lot of emphasis and effort towards their award winning trading platform and app. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Software by Chipper Cash. It appears they sustain their business by taking from their clients. This product combines innovative features, outstanding performance, and remarkable quality, making it a top choice in its category. 2013/099697/07, having its registered address at 180 Lancaster Road, Gordons Bay, Western Cape, 7140, South Africa. Given the amount of leverage that traders can access, with the volatility in the crypto markets, we would suggest that you make use of the protection orders – for your own good. >> Click here to get your Bonus on Prime XBT <<. Currencies have an interest rate differential that comes into play as well. Let's start with discussing the amount of leverage you can engage with.

Web3 Explorer

Although this is a perpetual futures trading pair, not a direct comparison with our other trading tests, my experience trading derivatives on Binance, Bybit, KuCoin, and Kraken indicates that PrimeXBT performs just as well in terms of order execution and fills. WE SHALL PUBLISH A NOTICE ON OUR WEBSITE OF ANY CHANGES THAT WE DECIDE TO MAKE MODIFICATIONS TO THE FUNCTIONALITY AND IT IS YOUR RESPONSIBILITY TO REGULARLY CHECK OUR WEB SITE FOR ANY SUCH NOTICES. $20,000 or equivalent for unverified users. PrimeXBT has developed its own trading platform with advanced charting capabilities powered by TradingView. Click the submit button, and PrimeXBT will review your application. We have outlined the specific privacy protocols for our app as follows. Are low fees your top priority. The app also supports copy trading and includes a live chat feature for direct communication with customer support. PrimeXBT offers flexibility with cryptocurrency purchases through partners and multiple account features, like 2FA and demo accounts, to enhance trading. However, we conducted a trading test and provided a detailed review based on our firsthand experience for those interested in the trading experience. Users can earn up to 14% on their crypto deposits for Ethereum, USDT and USDC. PrimeXBT is a crypto exchange that is not currently regulated or licensed, which raises safety concerns as it’s harder to ensure the safety of user funds traditional assets and transactions. If you want to reduce the risk, you can simply open a smaller position. As far as withdrawal fees go, one of my favourite features of Bybit is they are not looking to make a profit from customer withdrawals, something very rare among crypto exchanges. If a withdrawal request is submitted before 12:00 UTC, it will be processed the same day. And it goes beyond crypto signals. Unfortunately, for this email we didn’t find any requests to our customer support, or even a mark that you are our customer. This is what the ranking of the best strategies looks like. The opinions expressed in this blog do not constitute investment advice and independent financial advice should be sought where appropriate.

Important Notice

$20,000 or equivalent for unverified users. I think it is one of the top notch crypto exchanges in the industry in my opinion. ETH is required for just about all DeFi transactions and much more. The Hard Fork rolled back Ethereum’s network history to before the so called DAO hack. Dear Martin,Thank you for choosing PrimeXBT and for taking the time to share your initial impressions. More information on how to set up a masternode can be found here. PrimeXBT offers a variety of bonuses and promotions for both new and existing users. Risk Warning: Before using this website or its services, you should review all relevant legal documentation. Engaging in trading through PrimeXBT, whether by following, copying, or replicating the actions of other traders, carries significant risks, including those associated with following or copying traders. Following those traders can have a significant impact on your bottom line. Seek independent advice if you have questions or do not fully understand the risks. The registration process is straightforward and takes only a few minutes. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. There are multiple benefits for users who want to take advantage of copy trading such as. Prime XBT stands out as an industry leading platform, providing a remarkably efficient experience with its real time data tracking, extensive cryptocurrency selection, unwavering security measures, cutting edge trading tools, and seamless integration of global payment methods.