Crazy fees, is this normal?

Details of the margin call process plus a useful impact calculator can be found on the broker’s website. PrimeXBT has earned a solid reputation in the trading community over the past six https://primexbt-future.com/login/ years. Despite the limited FAQ section, the platform’s live chat and email form provided quick access to a support agent. Interest has already exploded in the new tool since the beta phase. The fee for each withdrawal is 0. Opened yesterday a account with 500$, opened 2 positions in USDCAD of 15k and 5k and made 110$ profit, but I’ve been charged with 70$ fees. Kindly contact us at. This means that they are kept in a secure offline environment away from an internet connection and the threat of potential hackers. Price Alerts: PrimeXBT does not offer custom price alerts, a common feature in the industry implemented by Binance, Bybit, and Kucoin. These integrations include. This means that users can insert a new panel onto any one of their desired workspaces. Despite this, I am pleased with the trading conditions on offer. While PrimeXBT has maintained a strong security record with no history of hacks, the platform’s limited transparency regarding customer funds and leadership structure raises some concerns. Traders can purchase crypto directly on the platform via card or convenient bank transfer, and the fact that traders can also access non crypto markets is a huge benefit that attracts traders. Acquiring the skill of trading in the Forex market broadens the horizon for traders as it offers the chance to trade currencies of different nations round the clock. 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.

To view or add a comment, sign in. Most signals Crypto Inner Circle offers have multiple price targets, giving crypto traders even more control over risk management and market exposure. We’re truly sorry to hear about your frustrating experience with the app and speed of its work. At PrimeXBT, all customer assets are stored in a cold storage wallet. Regulation is very important, especially for platforms that offer crypto services as there are various scenarios where a lack of regulatory clarity or licenses led to brokers being shut down. Trade anytime, anywhere, and stay connected to the markets that matter most to you. As is the case with any exchange, there is always a possibility of hacks. Day Trading is an incredibly sentimental activity and it plays on personal greed and fear. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Copy trading, by its nature, is a feature that allows inexperienced traders to mimic the strategies of successful ones. Unfortunately, most traders do not spend the time necessary to backtest a system and will simply come up with the latest and greatest thing on a forum to start putting money to work. The US stimulus bill has gone through which played its part in affecting the Dow, but it will be interesting to watch as there are calls for bigger stimulus bills in the future. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. From my first look at PrimeXBT crypto platform I realized that it is a powerful tool. According to their 2019 slippage stats, at least 94% of their orders were met at Quote or better.

Information

This means your earning potential is enhanced with PrimeXBT. The ETF, or Exchange Traded Fund, is an index of stocks and other assets that mimic a common theme. These steps are key for a safe and trusted trading place, important for both new and experienced traders. 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. 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. $20,000 or equivalent for unverified users. English, French, German, Italian, Portuguese, Russian, Spanish, Thai, Turkish, Vietnamese. Watchlist Management: Traders can favorite frequently traded assets and easily filter them using the market search feature. Gold is an established and mature market for investable assets. This limitation restricts users from using payment methods directly supported by PrimeXBT, making it less convenient to deposit funds. While PrimeXBT offers significantly higher withdrawal limits compared to competitors like Binance and Bybit, the absence of key security and transparency features, such as Proof of Reserves, security audits, and insurance coverage for user assets, may be deal breakers for casual traders. I have screenshots as evidence. Bitcoin has a margin requirement of 1% 1:100 leverage. Finally, send documents that can certify where you are residing within 3 months, which can be TV bills, electricity and water bills, bank statements with the address you live in. With low fees, high leverage options, advanced trading tools, and excellent customer support, it’s no wonder that traders worldwide choose PrimeXBT as their preferred trading platform. Verify Email: Confirm your email address through the verification link in your inbox. 618 extension, then eventually topped out at the 2. PrimeXBT provides responsive customer support, a critical feature for traders with open trades and live money at stake. Cold wallets keep all tokens out of the reach of cyber attackers because they do not have access to them through the internet. To create an account, download and open the app, select “Create Account,” enter your email address and password, and follow the prompts to complete the registration process. This is a very strong range, which offers something for everybody. Stay up to date on crypto. 35100 while being offered at 1. PrimeXBT offers a variety of promo codes, each designed to provide different types of benefits. During my testing, PrimeXBT performed well, executing trades instantly without any discrepancies in conditional order execution. While PrimeXBT has maintained a strong security record with no history of hacks, the platform’s limited transparency regarding customer funds and leadership structure raises some concerns. This is what is known as the over the counter, or OTC market. Thank you for your feedback. There are a couple of possible reasons. However, it lacks free withdrawal options, with existing ones incurring higher fees compared to most competitors.

Other Alternatives

There’s not much in terms of “classic” education meaning that you won’t find articles about what is Bitcoin, how to trade it or any history lessons. Many of its competitors, BitMEX, Coinbase and ByBit, for example, only offer cryptos as tradeable instruments. A panel of experts from Finder has XRP price predictions for this year based on whether Ripple will win or lose against the SEC. While withdrawing to a bank card is the fastest and most convenient option, the extremely high fees are a major drawback. You may be confusing PrimeXBT with another company. At the same time, clients have access to the following terms and conditions. By using Primexbt promo codes, you can access a deposit bonus that increases your leverage, allowing you to open larger positions with bonus funds. To fund a trading account. PrimeXBT is happy to donate to the Save Elephant Foundation in Thailand, an organisation which rescues and rehabilitates exploited and. For a complete list of restricted regions, refer to Section 1. PrimeXBT offers maximum leverage of 1:200 for BTC and ETH pairs. Same as it works for EUR/USD, it does for crypto assets as well. Users who deposit $1,000 in their trading account stand a chance to win $200. Price Alerts: PrimeXBT does not offer custom price alerts, a common feature in the industry implemented by Binance, Bybit, and Kucoin. The first Dogecoin market cycle peaked at the 1. But like any market, it has a lot to do with timing. And luckily the Chainlink network meets all these requirements, but what will need to happen to bolster or what can be detrimental to Chainlink prices. Provide your name, email address, and phone number in the designated sections on the registration form. We’re glad you appreciate the 200x leverage option. 🎓Forex Webinars🎖️Trading Competitions. Although the mobile app is user friendly, the order forms are complex and can be overwhelming for new traders. For more information, please see our Cookie Notice and our Privacy Policy. Understanding the significance of Know Your Customer KYC procedures, we emphasize that all clients adhere to PrimeXBT guidelines, exercising due diligence in compliance with local laws and regulations.

In contrast, competitors like Binance and Bybit provide more transparency, which can instill greater confidence in the security and management of user assets. To further downplay its usefulness, there are limits on the volume that can be swapped daily, even for verified users. At Prime XBT Trading Services Ltd. 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. If you have any questions or need tips on optimizing your trading strategy, feel free to reach out to our support team at. This cryptocurrency emerged due to dissatisfaction with Bitcoin’s direction,. Keep an eye out for future promos, for new ways to earn points and reap rewards. The lack of transparency regarding the founders, leadership, and Proof of Reserves is concerning and may deter some traders. Hello Naim,Thank you for your feedback and for sharing your positive experience with PrimeXBT. The mobile app has almost all the functionality of the desktop web based platform, with several order options and an impressive array of customization options to suit any trading preferences. 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. However, the order form lacks the range of conditional orders found on Binance and Bybit, limiting strategies like TWAP.

Cons

Bitcoin is undeniably the highest performer on the Crypto market with the highest market capitalization, highest average price and it garners the most interest. Making a Chainlink price prediction is a bit dubious with the current state of Cryptocurrencies and the many competitors that are emerging constantly. We believe this versatility is key to enabling our users to take advantage of various trading opportunities and market conditions without the need to manage multiple platform accounts. It is incredibly important to save this backup key as it will be required for you to reset your 2FA if your phone gets stolen or lost. However, if you are looking to DOGE back and forth, the best way is to trade via the “Contract for difference” markets. These benefits are a great opportunity to get involved in the crypto space. Information regarding past performance is not a reliable indicator of future performance. There is also a forex and cryptocurrency blog on the PrimeXBT website, detailing more complex trading strategies and economic news alongside market summaries and analyses. There are no processing fees for Cryptocurrency deposits, making it a cost effective way to fund your trading account. Many competing exchanges in the industry are far more transparent about their founders, CEOs, and leadership structure. The platform offers high leverage, enabling various trading strategies, all supported by an advanced platform with TradingView integration for in depth technical analysis. A trading day refers to a 24 hour period in which the markets are open for trading, which can vary by market and location. PrimeXBT is a crypto exchange based out of the Seychelles, it’s one of the few exchanges out there which has their company registration there along with other prominent names such as Huobi and BitMEX. These tools help traders improve their skills and solve problems fast. We use cookies to personalize content provided by analytic and advertisement partners to offer you the best service experience. PrimeXBT updates these rates periodically to ensure they remain competitive and fair. It enables Namibians to delve into other markets, including indices, commodities, and cryptocurrencies, with a modest initial investment of 0.

What are the trade Primexbt fees?

Let’s delve into illustrative examples of successful leverage trades and cautionary tales to gain valuable insights. Let’s take a look at what our PrimeXBT review managed to uncover. Additionally, users can earn bonuses for reaching various trading volumes, from $100,000 to $7,000,000, with rewards ranging from $5 to $1000. Russians use ruble, while Mexicans use peso. Understanding these fees is important for efficient fund management and planning. Some of the more popular trade pairings include but are not limited to BTC/USD, DOGE/USD, EOS/USD, ETH/USD, LINK/USD, SHIB/USD, SOL/USD, and XRP/USD. Copy trading is also great for the “armchair” trader and anyone who is just looking to make some passive income. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. Below is an example of a futures contract on PrimeXBT. These will be processed almost instantaneously. It’s considered a secure and trustworthy platform and has never been hacked. As a result, more Namibian traders can benefit from high leverage trading, which will help them improve their trading techniques. PrimeXBT allows direct Fiat deposits to Global Markets CFDs currency trading accounts by automatically redirecting them from your wallet when a deposit is made. These apps will allow you to place trades and monitor open positions on the go. Com There is an additional protection of client funds in the form of “Whitelisting” procedure, so before starting the withdrawal of earnings, it should be added to the list, confirmed by email, as well as two factor authorization. Traders Union TradersUnion. 272 Fib extension once again would result in a high price of over $200 per XRP. Clients who filtered away all the unfavorable offerings can now choose the trader to follow. Each trader is assigned virtual funds to compete. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. This movement highlights the volatility and sensitivity of Bitcoin around significant price milestones, influenced by recent monetary policy results and political developments. You can see a full list of the leverage limits for the other assets in your account management area or on the PrimeXBT fees page. Below are the commission rates. The responses were fairly detailed but lacked accuracy in addressing all queries.

Exclusive: Mass Staff Exodus and Withdrawal Issues as BDSwiss Claims “Restructuring”

Despite the limited FAQ section, the platform’s live chat and email form provided quick access to a support agent. Thank you for choosing PrimeXBT. Based on the EUR/USD trade that we have taken before, the value of 1 pip is 10 USD. 10% for makers, with a flat transaction fee between $0. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. 25 level, because it not only will have psychological importance, but it’s also the scene of previous support and resistance. ApeX Protocol: Trade Crypto. 005 in its ninth batch, the success of BlockDAG’s early stages is a testament to the robust market confidence in its technology and future potential. Most brokers will allow the cancellation of orders, even after hours. Binance has divided its trading fees structure into 10 different levels based on the last 30 day trading volume. Their fees are typically less than $2. It also informs you that Liquidation may occur if your positions continue incurring loss. Despite initially gaining around 80% profit on a long term position, my experience turned negative upon closing. Your feedback is incredibly valuable as it affirms our commitment to delivering an exceptional trading environment. The supported currency pairs include EUR/USD, GBP/USD, AUD/CHF, AUD/CAD, and more. I reading a lot about this company before open account🧐Services and tools used by this broker of high quality and proven among traders. To install and use the PrimeXBT iOS App on Apple devices, the following system requirements should be considered. Crystal’s risk scoring example. The corporate structure of PrimeXBT is somewhat unclear, as the platform consists of various companies registered in different locations, each providing different services.

TEDAVİLER

Cardano was late to the Crypto market compared to many others, but the altcoin Crypto asset is brimming with innovation,. And the more important question hanging over anyone making a DOT coin price prediction, is will continue into 2024. They were also quite knowledgeable so it shows that PrimeXBT has not palmed their support function off to some offshore location with people who don’t know what they are talking about. Borrowing a portion of the necessary balance from a broker, the trader can trade a much larger position than would normally be available. In my experience, PrimeXBT’s desktop platform delivered a smooth and reliable trading experience. The world’s largest cryptocurrency, Bitcoin instigated the emergence of a vast industry, giving rise to countless alternative coins inspired by its design. PrimeXBT offers the following promotional offers. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. Ethereum’s Zhejiang Staking Withdrawal Testnet for Shanghai is Live. Both options connect you directly to a customer support agent, bypassing any intermediary chatbot or AI. » All PrimeXBT alternatives. The table below provides an overview of our findings. Wallets: Balances in US dollars and Cryptos are viewable on the Main page. One of the main selling points behind PrimeXBT is the fact that they have leveraged trading for a number of different assets. Product and feature support could also be expanded if PrimeXBT plans to compete with more robust trading platforms, though many traders prefer the simplicity of PrimeXBT without all the extra frills and “noise” that overcomplicates many other platforms. PrimeXBT’s mobile app mirrors the tools and features of the desktop platform, offering a range of useful functionalities, including. Alternatively, you can contact their team at if you have any questions related to security, account management or product inquiries. For example, a position is so underwater that all available maintenance margin is gone, and although the broker began a liquidation process to fulfill any open contracts, with slippage and fees the account balance can become negative. Wait a moment and try again. «Revenge trading», or trying to make up previous losses quickly, is one of the most common ways to blow up an account using leverage. Best regards,The PrimeXBT Team.

4 0

There is no “one size fits all” answer to this question, but it is worth noting that the true answers will likely come from you. The platform offers a very limited range of crypto futures markets and conditional orders. Volet deposits are free, while Perfect Money charges a 1. Bybit has also done an impressive job expanding its offerings, now contending with the likes of Binance and OKX thanks to their solid reputation, long standing track record, and respect within the crypto community. Margin is similar to collateral, the same way leverage is similar to a small loan issued to the investor from the broker. On the other hand, there’s a flat 0. So, is PrimeXBT the exchange for you. You can trade a variety of markets including cryptocurrencies, forex pairs, commodities, and indices. In my testing, the platform was reliable and worked smoothly on both Safari and Google Chrome. The latter will not apply if you enter and exit the position within the day.

BYDFI

We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. The company boasts of having cutting edge technology to prevent attacks. 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. If the issue persists, contact customer support with the transaction details for further investigation. The quickest way to reach customer support is through the 24/7 live chat accessible from the trading platform. The information provided here is not an invitation to buy or sell products, nor is it an invitation to make an investment or trading strategy. 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. Covesting accounts have access to maximum leverage rates of 1:200 for all asset types, no matter the trade volume. Levels to watch: The Resistance is at 4. Covesting allows any client to invest in other traders and start their own investment funds, essentially copy trading. 3 billion fine for failing to comply with AML regulations. Best regards,The PrimeXBT Team. However, if traders are to withdraw funds from the exchange then they may have to pay an arbitrary miner fee in order to propagate the transaction these are standard across the industry. As well as this, the interface for the platform is very straightforward, making SimpleSwap a potentially more appealing option than some decentralized exchange that take a little more getting used to. 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. Nous sommes toujours là pour vous aider. The best aspect of this dashboard is that it is highly customizable. You can open an account and start trading with just your email address. Learn more about Baksta’s Legal Terms. Fiat exchange services are subject to and governed by Baksta’s Terms and Conditions and Policies. Prize winners The lucky winners. Many competing exchanges in the industry are far more transparent about their founders, CEOs, and leadership structure.

Unlocked: Crypto Handbook!

All incoming and outgoing transfers are executed manually by the PrimeXBT security team to ensure that transactions go through risk scoring, meet anti money laundering standards, and so suspicious trading activity can be flagged. It is important to note that Bybit supports derivatives and spot trading, as opposed to PrimeXBT, which only offers CFDs Contracts for Difference. Regulated and legitimate👍. While most exchanges in the US require KYC, a few options allow you to trade crypto without providing personal information. Baksta UAB is registered with the Financial Crime Investigation Service FCIS as a Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator. الرياض حي الملقا شمال الرياض ، طريق الأمير محمد بن سعد بن عبد العزيز شمالاً بتجاه طريق الملك سلمان. PrimeXBT is a newer trading platform where you can grow Bitcoin through crypto, forex, index, commodity and metal trading. The former is a fee that is charged for entering the position and the latter is for financing the position overnight. Long and short positions across global markets give more ways to profit and balance risks. 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. To reset PrimeXBT back to default settings, go to the platform’s settings menu, locate the option for “Reset to Default” and confirm the reset action. Most of the time, you’ll get stopped out again. Shiba inu is a Japanese dog breed. PrimeXBT charges no fees on deposits and CFD trades, while withdrawal fees start at $0. PrimeXBT provides 24/7 customer support through live chat, typically responding to queries within 2 minutes. The Ascent, a Motley Fool service, does not cover all offers on the market. The crypto KYC process does not equate to crypto transaction monitoring. Additionally, fiat withdrawal times on PrimeXBT are notably longer compared to those of its competitors, making it less convenient for those who prioritize quick access to their funds. Market Discover: Although PrimeXBT lacks a dedicated discovery page for markets, the limited number of assets available makes this feature unnecessary. PrimeXBT features low trading fees, a seamless trading experience, advanced copy trading, and high withdrawal limits for verified users. If you have any further questions or require assistance, please don’t hesitate to reach out to us. It makes sure all trades on PrimeXBT are real and safe. Along with the main account, Bybit also supports subaccounts, which allow crypto traders to manage smaller separate accounts. HeVytI20eKQ1ls9bxw Hacker Moves 50,000 ETH to New Address Over the past week, the perpetrator had been steadily swapping the cryptocurrencies they had carted off for Ether tokens. We’re excited for you to expand your trading activities and explore new opportunities on our platform. PrimeXBT offers margin trading to enhance earnings. For a complete list of restricted regions, refer to Section 1. Unrecognized or Partially Recognized Jurisdictions. PrimeXBT is a perfect match for leverage and derivative traders due to its advanced trading platform and high leverage options.

Equal

You retain total control to adjust trades, hedge positions, or manage risk from anywhere with internet access. In terms of supported cryptocurrencies, PrimeXBT’s repository is quite small and may not be a favourable option for some investors. This means you can buy and sell the best meme coins at the click of a button. ” Determine your position size by adjusting the “amount” field and set stop loss/take profit levels. You could lose all the money you invest. In essence, what seemed like a profitable trade ended up in a loss due to these unexpected charges. Finally, if you suspect that something could be down with the exchange then you can always head on over to their status page. Not much to be said about the trading platform, matching engine, order types and performance of the platform other than it delivers on its promise of providing a seamless, high level trading experience suitable for retail, professional, and institutional traders alike. To access it, navigate to ‘Hub’ and select ‘Referral Program. Similarly, clients in some areas of Europe, Asia, and North America may face specific service restrictions, such as limitations on futures trading in Italy and Spain or a complete prohibition on service for residents of New York N. Comments:I have been using Prime XBT for 4 months now and I must say it’s really been helping me a lot with making crypto trading easy and efficient. Enabling 2FA adds an extra layer of protection to your account. As part of this update, we’re also introducing an updated Welcome Bonus that offers bigger payouts for active traders, with potential rewards of up to $500. Commodities and indexes have a larger variation in trading hours due to local trading hours. Temporary trading or deposit/withdrawal limits may be imposed until the required documents are provided and the CDD process is successfully completed. Compare over 25 exchanges and 5,000 cryptocurrencies.

If You Do Not PrimeXBT Log In Now, You Will Hate Yourself Later