PrimeXBT Review

Deposit
0.001 BTC
Payout
100x Leverage

The first question traders ask about any trading platform before sending their first deposit to get started is: is this platform legit? And if so, what does it offer above the sea of competition that deserves my deposit? This review aims to answer those important questions and many more.

This particular review focuses on PrimeXBT, an award-winning Bitcoin-based margin trading platform.

Is PrimeXBT Legit?

First things first, any unnecessary fears over the platform’s legitimacy have gone out the window the moment awards were issued. Prestigious award ceremonies honoring some of the finance industry’s finest don’t include unreliable platforms.

PrimeXBT is a highly reliable platform offering up to 99.9% uptime, even during extreme volatility. Security and safety of client funds is a priority for the platform which relies on bank-grade infrastructure and cutting edge technology for protection.

Assets Offered

Next, the second most important factor in choosing a platform is what assets are offered. Although the platform is Bitcoin-based, meaning all accounts are denominated in BTC, CFDs for forex, stock indices, and commodities are offered alongside crypto.

Cryptocurrencies include Ethereum, Litecoin, Ripple, EOS, and of course, Bitcoin. Crypto pairs for both USD and BTC are available.

Forex currencies range from USD to RUB, and everything in between, including trading pairs across all majors. EUR, GBP, JPY, AUD, and many more are offered.

Precious metals gold and silver trade against USD.

The most important global stock indices from the Dow Jones to FTSE and others are available. This is extremely valuable with index trading being especially lucrative right now.

Hot commodities oil and gas are also available as CFDs.

Trading

These Bitcoin-based contracts on traditional assets and cryptocurrencies can be opened as a long or short. No matter the trend, traders can take advantage.

Stop loss and take profit levels can be appended to existing orders or placed along with the initial order itself.

These tools maximize any potential ROI, yet provide a way to mitigate risk.

Built-in charting software with a variety of technical analysis indicators is offered for free, without having to exit the platform for a third-party service.

The terminal itself is customizable, thanks to many helpful widgets. Traders will enjoy a high level of control and personalization available. Multi-monitor support is also included for professionals who need to be more deeply engaged.

Trades execute with speed, little slippage, and at the price you want. High liquidity from a diverse range of quality providers prevents stop runs or wicks found on other platforms.

Deposits, Withdrawals, and Fees

To begin, a minimum of 0.001 BTC must be sent to the account’s Bitcoin address. The balance will update after a few confirmations. Alternative methods are also offered through Changelly. These include USD, EUR, altcoins, debit, and credit cards.

Wallets and trading accounts are kept separate for margin allocation purposes, but users can move BTC back and forth fluidly with a few clicks.

Full withdrawals from the platform occur every 24 hours. Addresses must first be whitelisted for security purposes and a PIN generated by the platform confirmed before any funds will be sent.

Trading fees are competitive, ranging from 0.001% to 0.05% depending on the asset. A progressive discount system further reduces fee costs by as high as 50%.

Mobile Access

PrimeXBT offers a mobile version of its desktop website, but for the best on-the-go experience, the company also offers a free iOS and Android app for smartphones and tablets.

All of the tools and assets are available at your fingertips in an easy to use interface. Even easier to use than the main desktop platform known for its accessibility.

Trades can be made in a couple of taps and positions managed while traveling or tending to social activities. There’s no longer a need to be tied to a desktop and monitor, although those will remain the best for analysis.

For those with limited access, a Telegram bot provides position and market data to clients.

Great care has been given to making sure the app experience is comparable to the full experience, and it shows in how usable the app is.

Wrapping It All Up

PrimeXBT has all the tools and assets any trader could ask for, and many ways to take advantage of them either through a powerful desktop experience or a mobile app.

Customer service and attention to client satisfaction make a world of difference between PrimeXBT and competitors.

Referral programs rivaling the best the finance industry has to offer round out the many reasons why PrimeXBT is a platform you should consider the next time you are looking to make a deposit and trade.

The award-winning platform’s long and short positions keep traders profitable and coming back for more.

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PrimeXBT Margin Trading Broker
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