At Prime XBT you can trade over 30 instruments, including crypto and currency pairs, with some of the most lucrative conditions. Enjoy low fixed commissions, high leverage ratios, and an excellent proprietary trading platform. Our Prime XBT review also found that the broker offers social trading and a generous referral scheme. Read on to learn how you can benefit from Prime XBT today.
Introduction to Prime XBT
In this review of Prime XBT, our team explores an increasingly popular crypto trading brokerage that offers over 30 assets, including forex, commodities, and other markets. To give you confidence, Prime XBT also provides complex digital security systems that protect your wallet at every step of the way.
It’s easy to see why Prime XBT has become the first choice for many crypto traders. Sign up now or continue reading to learn more about trading conditions.
Prime XBT is a Bitcoin-based broker that was established in 2018. The broker has three main offices across the globe, including in Seychelles and St. Vincent and the Grenadines
Despite being on the market for just a couple of years, Prime XBT is already well-respected. The broker provides service to citizens of over 150 countries, the average traded volume exceeds 500 million USD, and there are over 12 liquidity providers on the platform. Our Prime XBT review team also found critical acclaim for the broker from the likes of Yahoo Finance, Business Insider, and Market Watch.
On Prime XBT’s trading platform, you gain access to many tradable instruments from different markets. In total, there are over 30 instruments in the following asset classes:
- Forex pairs
Cryptocurrencies are the main trading assets at Prime XBT and they come with lucrative trading conditions, such as 1:100 leverage, 0.05% commissions, and five different order types.
Currency exchange is also one of the fundamental parts of the Prime XBT platform. There are over 25 different pairs, with a maximum leverage of 1:1000, commissions fixed at 0.01%, and the ultra-fast execution speeds.
Indices and Commodities
With index CFDs, you can trade with a high leverage of 1:500 and commissions of 0.01%. If you want to increase the stability of your portfolio, Prime XBT provides some of the most popular indices at lower volatility levels.
Commission levels are the same for commodity CFDs, yet the maximum leverage is up to 1:1000. Trade some of the most established commodities, such as Brent oil, crude oil, and natural gas.
Bonuses and VIP Programs
Another great advantage found during this Prime XBT review is the broker’s bonus offerings. Our team found a referral program that lets you increase your trading balance by inviting friends.
To benefit from this bonus, you simply need to create a referral link that you can send to a friend. Once your friend registers on the Prime XBT platform and starts trading, you’ll gain 50% of the commissions paid by your referrals.
What’s great about this bonus is that you can potentially get 10,000 USD or more per month. This means that even if you want to take a break from trading you can still make a profit.
When it comes to the trading software, Prime XBT offers a proprietary platform that can be used via your internet browser. As our platform review shows, it comes with a range of impressive features
One of the main reasons why the Prime XBT trading platform is considered one of the best is because it is fully customizable and can fit all your requirements. The platform supports five different order types
- Market order
- Stop-loss/Take-profit orders
- Limit order
- Stop Market order
- OCO (One-Cancels-The-Other) order
Besides these orders, the order execution is also very quick. Our Prime XBT review team found the usual speed is around 7 ms. To help you conduct more accurate technical analysis, the platform also offers 50+ technical indicators and professional charts.
Deposits and Withdrawals
When you sign up at Prime XBT, you can make deposits via these methods:
- 130+ altcoins
- Credit cards (credit card payments are only available through the Changelly app)
The minimum deposit amount is 0.001 BTC and there are no commission charges.
Withdrawals are also available via the same methods, although there’s a small fee of 0.0005 BTC per transaction. Since the majority of deposits and withdrawals are made in BTC and other cryptos, the transactions are usually instant.
Extra Features and Resources
Besides the features and conditions mentioned above, there’s plenty of other benefits of registering at Prime XBT. If you want to enhance your trading knowledge, for example, you can follow the Blog section of the broker’s website. Here, you can find technical analysis, price predictions, and announcements and updates from Prime XBT.
The broker also offers a pretty comprehensive explanation of what long and short positions represent, how you can make the most of them, and how you can calculate pips for each of these orders. This should give you the information needed to start trading successfully.
Our Prime XBT review has also revealed that the broker offers a social trading platform called Covesting. With Covesting, Prime XBT brings traders and investors together so that they can make use of each other’s funds and increase their profitability.
You needn’t worry about having a problem at Prime XBT, as there’s a number of support methods you can use to contact their friendly and knowledgeable customer service team:
- Email support: [email protected]
- Online chat available for registered clients
- Telegram support
Support is available 24 hours a day, 7 days a week, which is something that not many other brokers offer. If you’re a mobile user, the same support methods are available for you too.
Our review of Prime XBT has shown that we’re dealing with a trustworthy brokerage with decent trading terms and conditions. Even though Prime XBT has been operating for a couple of years, it has already achieved worldwide coverage and a great reputation.
By signing up at Prime XBT, you’ll benefit from 30 instruments, including cryptos and forex pairs, huge leverage ratios, low commission charges, and ultra-fast execution speeds. Your funds are also protected with high-end encryption mechanisms. In general, Prime XBT’s pro’s and con’s look like this:
- Multiple trading assets
- High leverage
- Low fixed commissions
- Ultra-fast execution
- 5 order types
- 50+ technical indicators
- Complex trading platform
- No deposit commissions
- SSL encryption
- Cryptographically hashed passwords
- No phone support options
- No government licenses
What is Prime XBT?
Prime XBT is a bitcoin-based broker that offers over 30 different assets in forex, indices, and commodities. The brokerage was established in 2018 and it currently operates in 150+ countries worldwide. With the daily traded volume of well over 500 million USD, Prime XBT is one of the most well-established brokers in the industry.
Is Prime XBT safe?
Yes, Prime XBT provides some of the most secure protection mechanisms to protect your identity and financial assets. Since it’s a crypto trading broker, Prime XBT’s trading platform has cryptographic encryption enabled for all wallet passwords. Two-factor authentication from Google and many other schemes also secure your funds on this platform
How do I open a Prime XBT account?
Creating an account at Prime XBT is as easy as it can get. Once you’ve provided the broker with your email address and password, you’re pretty much good to go. Unlike with other brokers, at Prime XBT you don’t need to provide KYC or AML documentation as you are anonymously trading cryptocurrencies.
Is Prime XBT a scam?
No, Prime XBT is definitely not a scam. Although it doesn’t have a government license, the broker more than makes up for that by offering complex fund protection mechanisms. There are also tight requirements for potential clients, such as age and knowledge in crypto trading.
Can I trade crypto at Prime XBT?
Yes, absolutely. Prime XBT is primarily a crypto trading broker so there’s plenty of digital assets available to trade. This includes five cryptos paired with USD and four altcoins paired with BTC. At Prime XBT you can trade Bitcoin, Ethereum, Litecoin, EOS, and Ripple.