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PrimeXBT Reviews

4.7 Rating 503 Reviews

97 %

of reviewers recommend PrimeXBT

Company Reviews

4.7

Based on 503 reviews

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Location:

Trust Company Complex, Ajeltake Road, Ajeltake Island Majuro, MH96960, Marshall Islands,
Island Majuro
Ratak Chain
MH96960

Got a Question?

What conditions should be met in order to get their VIP status?

Asked by Minh Trong Dung (2 weeks ago)

I don’t know if it is still going on or not, but there was a campaign in which everyone who opens a new trading account with primexbt gets the VIP status. You should check on their website, maybe you will be lucky. If not, I think the deposit matters the most. If you deposit more, you get improved status, but not entirely sure

Answered by Zhao De (1 day ago)

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Asked by Lisa (2 weeks ago)

What is the best leverage to use when trading Bitcoin?

Asked by Andries (3 weeks ago)

There is no one answer that fits all for this question. It ultimately depends on your trading style and risk appetite. The max leverage ratio you can use for trading bitcoin on this platform is 100x and this is a very large ratio. It is very risky to trade all the time with such a ratio. You can use this advantage to make short term trades when the trading setup and your analysis are providing very clear signals. If in doubt, lower it down. I would use anything more than 30x if I'm not very confident in the setup. In general, trading crypto with high leverage is considered risky because of the volatility it comes with.

Answered by Roosmadi (3 weeks ago)

I made the mistake of not conducting enough research before using their service. Had I looked into the company more thoroughly, reviews would have alerted me to potential issues. I was lucky that Mrs. Laura Cooper personally handled my complaint. Her team took my concerns seriously and acted quickly to resolve the problem. Thanks to their efforts, I received my refund last week, which was a huge relief. This swift reimbursement demonstrates that resoxit 40 @ g ail. com is truly committed to supporting its customers.

Asked by Ray melissa (1 month ago)

What are the main benefits of using a PrimeXBT VIP account? Is it worth it?

Asked by LiuXun (2 months ago)

About the main reason to use it, just because you pay less, basically saving on fees. What would you prefer: paying 0.045% taker fees or paying 0.015%? I guess the answer is obvious. It’s all because those fees are dedicated from your p&l statement, directly effecting why we’re here trying to trade- profits. There are other additional perks of vip acc. But for me- fees are the foremost.

Answered by Avinash S. Rana (2 months ago)

As a beginner, can I become a strategy provider here or only copy trades others make?

Asked by Lo Xuan Lan (3 months ago)

You can create a strategy no problems, and if those you copy it make profit, you get a cut. However, if you are a beginner, I don't think you would have a strategy yet, at least a decent one. And second, people might just not choose if they are not sure that your strategy makes profit. This is why it's a good idea to make sure you have the right skillset and enough experience and then proceed with being a strategy provider.

Answered by Kami Shetty (3 months ago)

Does holding a South Africa license gives Primexbt any advantages for trading with them?

Asked by Lin Hao (3 months ago)

I would think that having the south Africa licence increases the credibility of the platform and trading with them connects you to a global network of traders. Also, with travelling, traders can trade confidently in south africa

Answered by Thiago Crespo (3 months ago)

Yep, this indicates that your funds are protected and you won’t encounter any fraudulent schemes while trading on their platform. In case something bad happens with PrimeXBT, for example, the bankruptcy procedure, the financial regulator will take care of it to ensure all clients’ funds are under high security.

Answered by Pertiwi bin Siti (3 months ago)

Which platform do you personally prefer and why, primexbt web or mt5?

Asked by Judson (5 months ago)

web is the only one I trade, but from what Ive read, mt5 seems to be geared toward bots and people who program them in the MQL coding language. That just seems incredibly boring to me. I like to feel the excitement of the trades I make. For trading personally, I dont think there's much difference. The webtrader has so many indicators and tools, nothing is missing either way. Except robot programming, yeah.

Answered by Shashida Som (5 months ago)

Primexbt platform over the mt5 all day for me. It is all because they integrated the trading view charts, tons of different trading tools, a great feal of indicators and just a modern look, which makes it user friendlier if we compare it with mt5.

Answered by MaiVuYu (4 months ago)

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1 Helpful Report

Asked by David (5 months ago)

Why do you think PrimeXBT cryptoexchange is better than other top-tier organizations like Binance, Bybit and Mexc?

Asked by Stewart Carroll (5 months ago)

I know Binance, but I have never tested By Bit and Mexico. Actually, I have never heard of Mexico, but that doesn’t really matter now. Let me compare Primexbt with Binance. The latter is a crypto exchange platform, while primexbt is an online trading platform, or a broker as we usually call them. So there is a huge difference in the concept and role. Binance allows trading, but only cryptocurrencies and other digital assets. PrimeXBT incudes everything from the digital markets, plus everything from the traditional markets, like forex, gold, shares, indices and more. If your intention is to trade, than i recommend choosing primexbt because of the flexibility and acces to various markets they provide. As for the trading app, their app is much simpler, more intuitive and most importantly - its easier to learn

Answered by Hank Kub (5 months ago)

How good is the trading conditions of other assets in primexbt exclusive of the crypto assets?

Asked by Constantino Dimas (5 months ago)

I also was under the impression that it only makes sense to trade crypto here... but no, I can say that other assets like fx or indices are good as well, tight spreads.

Answered by Shalya Pai (5 months ago)

I was a victim of a devastating investment scam that left me financially and emotionally drained. The platform, which appeared legitimate at first, denied my withdrawal request of $275,000 and instead demanded multiple deposits under false pretenses. I lost a substantial amount of money over three weeks, plunging me into depression.. Fortunately, I discovered Ultimate Recovery Firm, who provided me with expert assistance in recovering my losses. Their help was instrumental in saving me from financial ruin. I'm grateful for their services and highly recommend them to anyone who has fallen victim to online scams.. You can contact Ultimate Recovery Firm at:. Email:ultimaterecoveryfirm---@--gmail.---com WhatsApp: +1 - - - 786---- 432------2178....

Asked by nora (6 months ago)

What do you think about primexbt reviews, are they reliable?

Asked by Ohan Knox (6 months ago)

They are popular in South Africa for a reason. I have a lot of friends who are trading on this platform and almost all of us hold all earned money in the crypto wallets. Regarding the PrimeXBT, I can say this cryptoexchange is worth considering if you’re seeking a reliable and transparent partner.

Answered by Phan Vuong (6 months ago)

Has anyone ever received the $20,000 compensation fund and does the broker really pay?

Asked by Harraz Chin (8 months ago)

Well if Financial Commission makes a decision, then of course a client would get paid. I havent got 20k, and I doubt that many got it, becasue it implies that broker is at fault, and it scammed its clients. with PrimexBt, this is not the case as they are legit., Also, if the client just gambled all his money, the broker is not at fault as well.

Answered by Lal Meka (7 months ago)

Is there a difference in trading between CFD and futures, are there different price quotes or anything?

Asked by Anil (9 months ago)

Yes, there are some differences you need to consider, while trading them both. CFD and futures are both traded in price movement speculations, so future contracts have a particular expiry date, like you predicting this date price. On the contrary, you can hold a CFD position, as much as you want. Quotes are the same, though the fees are different and are generally lower in future assets that are considered to be more long-term investment. I think Primexbt does a rare thing to include crypto futures, but it has a good trading potential, as the crypto market is significantly growing.

Answered by Thando du Toit (8 months ago)

Those are two completely distinctive trading instruments, and they differ in their structure, but when it comes to the price quotes I don’t believe that there is any significant difference. It ultimately depends on the market conditions, but both reflect the instrument’s price. So, in this regard, there is no difference. The main difference between them is in the expiration dates. CFDs don’t have any expiration date, while futures do have. CFDs are more flexible and you can use them for day trading and investing, while futures are mostly used by professional traders for hedging.

Answered by Alberto R. (8 months ago)

Is primexbt crypto trading profitable enough to start earning for a living, or it's more like a side gig?

Asked by Martin Hurtado (10 months ago)

I would say it is better to use PrimeXBT for the side hustle rather than for the main income. It has advantages but needs careful planning if effectively to be implemented.

Answered by Ravi Phadatare (10 months ago)

Does PrimeXBT provide any trading accounts or is there something different about it compared to other brokers?

1 Helpful Report

Asked by Adam VLK (11 months ago)

As far as I know, they don`t provide much choice in their trading accounts, but I don`t think you need something unique, besides the real and demo account. So, everything is more or less similar with other brokers, though there are some favourable trading conditions on Primexbt accounts. For example, the variety of crypto and crypto futures assets that is unmatched in the industry, of course from the perspective of encountered brokers by myself. Furthermore, the real accounts are very cost-effective, in terms of, tight spreads, zero commissions and high provided leverage. So, in case of Primexbt broker, trading conditions makes their accounts good, not the variety of them.

Answered by Erco de Klerk (10 months ago)

What platforms, Pimexbt provides to their clients to trade on?

Asked by Nick (11 months ago)

If you mean stuff like MT, Ctrader and so on, then none of them. It has its own one + TradeView.

Answered by Simon (10 months ago)

I wonder if PrimeXBT offers traditional and crypto assets for trading, then where is more beneficial trading according to the trading conditions in the company?

1 Helpful Report

Asked by Eduardo (1 year ago)

Traditional and crypto assets are offered and beneficial trading depends on your trading goals.

Answered by Gian (1 year ago)

How does PrimeXBT standout from other brokers in terms of its financial instruments?

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Asked by Alberto J (1 year ago)

Because they have it all! From conventional asset categories like forex, commodities, and indices to a wide range of digital assets. And excellent trading terms for each category 👍

Answered by Barto (1 year ago)

One has to be careful with the brokers on the internet now. Last year I was scammed in the binary trade option by a broker I met on Instagram. I invested $140,000 which I lost, I couldn’t make a withdrawal and I slowly lost access to my trade account for 3 months. I was frustrated and depressed. After a few months, I met Olivia who is A recovery expert that works with Olivia Trader affiliation with the Federal Bureau of Investigation (FBI) and other law firm. he worked me through the process of getting my money back and all the extra bonus which I got during my trading. he can be of help to anyone who has a similar situation. You can contact her via mail: oliviatrader 44 @ gmail.com WhatsApp +1 (423) 248 - 2140

Answered by Sheile navarro (1 year ago)

It's very easy to contact their customer service. You can do that through their official website.

Answered by padilha (1 year ago)

Where is the best place to look for a detailed PrimeXBT review of trading platform and its tools?

Asked by Aaron (1 year ago)

There are so many places, just like reviewsio that we are on rn. But you could simply just go to google and search for primexbt reviews and you will see an abundance.

Answered by Dr. Gabriel (1 year ago)

IDK, just make a relevant request in the search engine using keywords. Guess you'll find them.

Answered by Alexandre A (1 year ago)

What is the exact commission on buying a crypto?

Asked by Macerio G. (1 year ago)

There is no comission, its just the price of the asset+ extra spread at the moment. This spread Is not constant I feel. But its decent, at least for BTC. Current price is 65k but it sells it for 70k.

Answered by Miguel Garrido (1 year ago)

How safe do you think it is to store crypto on this platform, or is it better to use cold crypto wallets?

Asked by FRANKO (1 year ago)

They keep client’s funds in cold wallets which is the safest way to store cryptocurrencies. Also, they have not been hacked so far, so I guess it is pretty safe.

Answered by Ricardo Estrada (1 year ago)

I would store it on cold, regardless of what happens. But for small sums (under 3-4k) PrimeXBT is ok

Answered by Ian Alcocer (1 year ago)

Could I trade other financial assets besides cryptocurrencies through the PrimeXBT platform?

Asked by Vidura.wattana (1 year ago)

Yep, the do offer access to global markets, so you can familiarize with it via their website.

Answered by Leon Sobrinho (1 year ago)

What are the fees on broker's Crypto Futures module ?

Asked by Ignacio Gonzales (1 year ago)

If you are new to futures trading, I would suggest that you go to the website and learn more about trading such instruments. Taker/maker fees are 0.02 and 0.01 percent respectively.

Answered by Alex Ruiz (1 year ago)

is it risky to trade crypto futures? is it actually the riskiest thing to trade, or maybe there are some others?

Asked by Panya (1 year ago)

i'd say it's one of the riskiest ones represented in the market. at the same time, the flip side - there are many opportunities. still it requires knowledge and skills to trade futures fruitfully.

Answered by Elgin Gokay (1 year ago)

sure, risky enough, because price fluctuations and the concept itself differ from other markets. still, on the other hand, it opens more opportunities, but act carefully if you want to trade futures.

Answered by Cortez (1 year ago)

Which cryptocurrency pairs on PrimeXBT should I pay attention to?

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Asked by toan (1 year ago)

It totally depends on what type of trader you are so I cannot really tell you. Some traders look for big moves in the lesser-known pairs, while others play it safer with BTC, ETH, and the likes.

Answered by Emiliano (1 year ago)

Kick off with the major ones like BTC/USD for instance. Also pay attention to ETH/USD and LTC/USD.

Answered by cesar (1 year ago)

Is the leverage ratio of 1:1000 applicable for cryptocurrencies as well?

Asked by Pran R (1 year ago)

Do you mean what leverage does this broker have? Well, I know for sure that maximum leverage for trading BTC futures is 1:200. I'm sure that's enough!

Answered by Emiliano Henrique (1 year ago)

Are the trading conditions of PrimeXBT also good for trading forex?

Asked by Bui Thinh (1 year ago)

Yes, they have favorable conditions for trading all assets they offer. This is what attracted me to this broker.

Answered by Thahan (1 year ago)

I have no doubt that forex trading can be profitable on this platform.

Answered by Alonso (1 year ago)

I think you need to look at PrimeXbt as a forex and crypto trading broker. Because it gives ultimate opportunities to trade and invest in both.

Answered by Cemil (1 year ago)

What do you think about the current fees for trading crypto futures at primexbt?

Asked by Chuong Xuan (1 year ago)

I think that the flat fee of 0.01% as a maker and 0.02% as a taker creates a good environment for trading crypto futures.

Answered by D. Carmona (1 year ago)