PrimeXBT Review: Gain Mastery Over Global Markets

The PrimeXBT margin trading platform launched several years ago and has since rapidly grown into one of the most respected brands in fintech today. The company has been honored with industry awards, influencer acclaim, and is a positive participant in the cryptocurrency community, providing education, tools, and world-class products and services.

With all of these features at a user’s disposal, anyone of any experience level can gain complete control and mastery of today’s hottest global markets. In this review, we are going down the constantly growing list of features that the full suite of advanced trading tools and the rest of the platform’s services have to offer.

The Basics: Deposits, Withdrawals, Registration, And Customer Service

Registration takes maybe a minute or slightly more and only asks for a country and email address. To begin, all it takes is a deposit in BTC, ETH, USDT, USDC, or COV to use as collateral to fund a margin trading account. Buying crypto is also possible if the user doesn’t have any to deposit. A single account provides access to dozens of different features and functions ranging from copy trading to APY-generating yield accounts. Withdrawals are made once per 24 hours for the sake of keeping customer funds safe at all times. The company has created a proprietary cold storage solution that is hack-proof.

Accounts are further protected by bank-grade security infrastructure. Additional protections such as two-factor authentication and compulsory address whitelisting are optional. The platform has 99.9% uptime for reliable performance, and orders execute without any slippage. In case of any issues, customer service is always available around the clock, 24/7, from anywhere in the world via the website or the free PrimeXBT mobile application for iOS and Android smartphones.

The Assets: Crypto, Forex, Commodities, And Stock Indices

PrimeXBT has one of the most expansive lists of trading instruments anywhere in the crypto industry and across finance. There are more than 100 trading instruments in all, allowing investors, traders, and others to build a low-risk, high reward portfolio. The list also includes all of the most important geopolitical assets like gold, oil, and more. Trading instruments are offered in the following categories:

Forex currencies: All seven major forex currency pairs are included, along with a large variety of minors and exotic fx currencies from emerging markets.

Stock indices: The list contains the most popular stock indices representing stock markets from around the world, such as the S&P 500, DAX, FTSE, Nikkei, and many others.

Commodities: The list also provides exposure to currently hot and trending commodities like gold, oil, natural gas, and silver.

Cryptocurrencies: The most significant portion of the list of trading instruments goes to crypto, with large-cap digital assets like Bitcoin and Ethereum, as well as blossoming sectors like GameFi, Metaverse, DeFi, meme coins, and more.

The Tools: Leverage, Technical Analysis, Long And Short Positions

Margin accounts allow traders to take long and short positions with leverage on any of the global markets listed above. This type of control and flexibility only is possible with a margin trading platform like PrimeXBT, but not all margin trading platforms are created equal. PrimeXBT provides industry-leading 200x leverage, stop-loss protection orders, take-profit orders, and other modifications that make trading that much more profitable. These tools can also be used to mitigate risk exposure.

Built-in technical analysis tools also help improve a trader’s chances of success by increasing probabilities in their favor. Finding support and resistance tells a trader where to go long or go short. The same tools can help understand when a trend is at its tipping point and might turn around. All of the most used and relied on professional technical indicators like the Relative Strength Index, Parabolic SAR, Stochastic, and more can be added to the charts directly.

The Extras Part One: Covesting Copy Trading Module For Followers And Strategy Managers

Deposits can also be used to fund two types of Covesting copy trading module accounts: followers or strategy managers. Strategy manager accounts work a lot like a margin trading account, with less leverage and more scrutiny. Strategy managers are immediately entered into online leaderboards to display any performance metrics transparently. Followers use this information to pick and choose which strategy managers best suit their needs and give them a follow.

By following a strategy manager, the follower copies all the trades the strategy manager makes –– win or lose –– and makes a portion of the profits. The strategy manager also gets a cut of the profit share, giving strategy managers even more incentive to keep trading at the top of their game. Some strategy managers have achieved millions of dollars for their followers with as much as 90,000% ROI.

The Extras Part Two: Yield Accounts And Activating COV Utility Token Memberships

Users can also deposit COV tokens that can unlock a variety of account-level utilities. The COV token is an ERC20 token and the native cryptocurrency to the Covesting ecosystem of products and services. Covesting is a fintech developer from Europe who has chosen to partner with PrimeXBT and leverage the platform’s advanced trading tools and established userbase. COV token memberships come in Advanced, Premium, and Elite and unlock utilities such as trading fee discounts, increased followings, better profit shares, and much more.

COV token memberships also can improve the variable APY earned from yield accounts. Yield accounts let users access popular DeFi protocols without leaving the PrimeXBT platform. The service connects to Uniswap, Balancer, Curve, and many others without all the hassle. Yield accounts earn variable interest rewards back in crypto called an APY. All it takes is staking any idle crypto assets stored in the PrimeXBT wallet.

The Extras Part Three: Education, Competition, And Big Prizes

PrimeXBT is also a positive contributor to the overall growth of the cryptocurrency community, providing several ways for investors and traders to learn and improve their skills at the same time. The PrimeXBT Trading Academy website teaches new traders the ropes while offering pros tips and market updates they can’t get anywhere else. Three are also many tutorials on the platform for users requiring a walkthrough.

A Contests section lets users of any experience level test out their skills in a live, simulated trading environment using risk-free virtual funds. Not only can novices backtest trading strategies and practice, but each contest is a trading competition that offers prizes of $10,000 to $100,000 and more in crypto. There is no cost to enter, but so much to gain from the experience. 

The Conclusion: Consider PrimeXBT For Complete Mastery Over All Global Markets

Simply put, there’s a lot to cover with PrimeXBT. We have gone through all of the most crucial features with a fine-tooth comb, but by the time this review is published – at the pace this platform releases new features and updates – there could be a lot left we haven’t covered. During the production of the review, PrimeXBT updated its list of trading instruments twice and made several improvements to its iOS and Android mobile applications. 

The continuous commitment to its customers and the experience provided is why PrimeXBT is a must for serious traders or newcomers alike. The platform has all the tools to get started or take a trading career to the next level. With PrimeXBT, you get complete mastery over global markets and much, much more.

Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice