PrimeXBT Reviews

4.7 Rating 386 Reviews

98 %

of reviewers recommend PrimeXBT

4.7

Based on 386 reviews

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

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Asked by Harraz Chin (1 week ago)

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

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Asked by Anil (1 month 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.

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Answered by Thando du Toit (2 weeks 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.

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Answered by Alberto R. (2 weeks ago)

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

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Asked by Martin Hurtado (2 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.

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Answered by Ravi Phadatare (1 month ago)

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

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Asked by Adam VLK (2 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.

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Answered by Erco de Klerk (1 month ago)

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

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Asked by Nick (2 months ago)

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

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Answered by Simon (2 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?

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Asked by Eduardo (4 months ago)

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

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Answered by Gian (3 months ago)

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

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Asked by Alberto J (5 months 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 👍

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Answered by Barto (4 months 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

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Answered by Sheile navarro (4 months ago)

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

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Answered by padilha (4 months ago)

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

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Asked by Aaron (5 months 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.

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Answered by Dr. Gabriel (5 months ago)

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

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Answered by Alexandre A (5 months ago)

What is the exact commission on buying a crypto?

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Asked by Macerio G. (7 months 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.

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Answered by Miguel Garrido (6 months ago)

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

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Asked by FRANKO (7 months 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.

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Answered by Ricardo Estrada (7 months ago)

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

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Answered by Ian Alcocer (6 months ago)

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

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Asked by Vidura.wattana (8 months ago)

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

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Answered by Leon Sobrinho (8 months ago)

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

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Asked by Ignacio Gonzales (11 months 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.

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Answered by Alex Ruiz (10 months ago)

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

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Asked by Panya (11 months 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.

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Answered by Elgin Gokay (11 months 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.

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Answered by Cortez (9 months 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.

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Answered by Emiliano (11 months ago)

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

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Answered by cesar (10 months ago)

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

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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!

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Answered by Emiliano Henrique (9 months ago)

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

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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.

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Answered by Thahan (1 year ago)

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

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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.

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Answered by Cemil (1 year ago)

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

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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.

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Answered by D. Carmona (1 year ago)