PrimeXBT is a leading trading platform in the financial market. Traders can use the services of the exchange to make profitable trades and enjoy a smooth trading journey.
But that is not all one needs to understand about PrimeXBT. Traders can learn in detail what the exchange has to offer and how they can make the best of it with the services available. To guide traders and make their trading more efficient we have a PrimeXBT review.
What is PrimeXBT?
PrimeXBT is a popular cryptocurrency exchange. Founded in 2018 the exchange is headquartered in Seychelles. The exchange permits trading in Bitcoin and many other traditional assets.
They can trade in various markets as it is not only confined to cryptocurrency. The technologically advanced platform is suitable for beginners and experts of the market.
Users can actively trade in more than 30 assets with the facility of leverage on customisable and powerful trading platforms.
Is PrimeXBT a secure platform?
PrimeXBT is working under the brand name of PrimeXBT Trading Services LLC. The firm is incorporated in St. Vincent and the Grenadines. It is considered as the secure trading platform and legitimate as it is registered in Seychelles under the Prime Technology Limited, Seychelles company.
The registration number of the company is 217308 and it is available in 150 countries except some like the United States. However, the company does not have any regulatory body.
Features of PrimeXBT
PrimeXBT offers its clients with a range of services and has unique features that make trading much more convenient. Below we have mentioned the best features of the platform:
- As per PrimeXBT review, the exchange allows its users to have Bitcoin-only accounts. They can deposit using Bitcoin, Ethereum, Tether and others. All the trades are executed on the platform only in Bitcoin.
- At PrimeXBT users are provided with a four-tier payout system. Traders receive rewards for direct referrals brought to the PrimeXBT and the bringers of the referrals also get benefits. A multilevel marketing plan which increases the passive income of the traders.
- PrimeXBT offers its traders privacy, users are not required to have any mandatory KYC process before starting trade. Also, it is a secure platform although not regulated it has anti-money laundering.
- Leveraged trading is another significant advantage at PrimeXBT. Traders can trade upto 100 times of their contribution. A good method available at the platform to help traders earn good profits.
- PrimeXBT is an innovative trading platform. The widgets at the platform are customised, traders can have liquidity, and it allows executing 12000 orders over a second with average market orders executed instantly.
- Another advanced feature of PrimeXBT is the trading tools. It provides clients with technical analysis tools without leaving the website. The platform runs on tradingview and it has many preloaded tools such as more than 50 drawing tools, educational resources and various charts.
Pros and Cons of PrimeXBT
Traders at PrimeXBT can enjoy various benefits but they also have to be aware of the drawbacks of the platform. Therefore, here we have the pros and cons of the broker:
| Pros | Cons |
| Singup process is quick without the need to submit KYC | Does not offer demo account |
| It has low fees, maximum leverage, competitive trading conditions, and service fees | Does not offer services in certain countries like US and Canada |
| Super-fast trade execution with latest technology | It is not regulated platform |
| Provides traders with margin and leverage trading | |
| Maximum leverage available is 1:100 | |
| An excellent trading platform for beginners and experienced and its minimum deposit is 0.001BTC. |
Conclusion
PrimeXBT is a good trading platform online. The exchange is popular among traders, has the best facilities and features. However, it is not regulated by any government authority.
But still the platform is said to be a secure trading platform due to its advanced and secure services. Traders can easily open their account and trade in various assets to have profitable trade.
Besides, it offers leverage, has super-fast execution, low deposits, competitive trading and many other advantages. Thus, it makes trading much easier for the traders, beginners can make their best use as the platform is user-friendly.
