Prime XBT Commission or Brokerage Charges – Review, Plans, FAQs & more
Know everything about Prime XBT Commission or Brokerage Charges here.
Prime XBT is a popular cryptocurrency trading company and Forex broker that provides leverage trading benefits to all its clients across the globe.
In this article, we would be discussing all the commission and leverage charges charged by the company.
We will also be detailing the depositing options, withdrawal options, promotional bonus fees, and other charges.
This Bitcoin-based exchange was founded in 2018 in Seychelles and in such a short period the company has gathered clients from over 150 different countries and has experienced exponential growth.
Now lets have a detailed review.
Prime XBT Commission or Brokerage Charges
Now we would be discussing the Prime XBT commission and Prime XBT charges that the company charges while trading on assets like cryptocurrency, Indices, Forex, and CFD.
The company provides both exchange and brokerage services. The following options are available during trading:
The traders are allowed to trade in major and minor currency pairs. Commission Charge PRIME XBT fee is charged.
You are also allowed to trade in cryptocurrency assets such as Bitcoin, Ethereum, Apple, litecoin, and EOS.
The traders who are trading using the company have the opportunity to turn it on other commodities such as gold, oil, and precious metals.
Well-known indices can be traded using Prime XBT. Some of the indices are FTSE 100, S&P 500, etc.
The company charges PRIME XBT Fees on all types of trades.
The company also charges overnight financing and rollover fees.
The average trading fee for the trading assets like forex, indices, and commodities is 0.01% and for other cryptocurrency, assets are 0.05%.
The company would be charging a trading fee irrespective of the type of trade in which the trader is investing.
The maximum leverage that the company charges for trading on forex, indices, and other commodities are 1:1000.
Cryptocurrency trading can be traded with a maximum leverage of 1: 100.
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Types of Prime XBT Commission Plans
|Types of Commission Plans|
|Account Type||Demo Account||Islamic Account|
|Initial Deposit||0.001 BTC||0.001 BTC|
The traders are allowed to open two types of trading accounts, namely Demo account and Islamic account.
For more details on the spread and commission charges, you will have to get in contact with the company just before opening an account.
The leverage is the same for both the accounts; 1:100.
Whenever a customer opts for an Islamic account, no overnight charges or any other extra charges would be valid.
The traders would be opening an anonymous account with the company.
Whenever a new trader decides to invest via Prime XBT, they will get to know everything about the account type that they are opting for and also get details about the Prime XBT charges.
Prime XBT Account Opening Process
The account opening process via the trading firm, Prime XBT, is pretty simple and the whole process can be completed within a few minutes.
Still, you can follow the steps that we have mentioned below.
- Firstly, go through the entire article to know more about the type of trading accounts and the trading assets.
- Now, visit the official website of Prime XBT and click on open an account.
- Since no personal details would be required, a username and password would be generated as soon as you complete the account opening process.
- The username and password would be sent through your email address.
- Once obtaining it, you can log in using the official website or mobile app, or trading platform that the company has developed for all its users.
- Now You can enjoy trading with Prime XBT.
Prime XBT Payment or Withdrawal Methods
|Deposit Options||Direct Crypto deposits and Alternative Deposits|
|Withdrawal Options||Direct Crypto deposits and Alternative Deposits|
When you start investing and trading with the company, you will have to deposit funds in your trading account via which you are trading with.
Other trading firms allow the traders to trade using a bank or digital wallets, Prime XBT has some specific payment methods.
You are only allowed to deposit or withdraw using direct crypto deposits and alternate deposits. This simply means that you are only allowed to trade using Bitcoins.
After you have gained a specific amount of profit, you can directly withdraw the number of bitcoins after which you can convert it into your local currency.
The withdrawal fees are 0.0005 BTC. The company will also charge PRIME XBT brokerage on transactions on crypto-fiat exchanges whenever you decide to convert your profit in bitcoins to fiat money.
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Prime XBT Investment Assets
|Total Tradable Assets||NA|
|Number Of Currency Pairs||NA|
|Number Of Cryptocurrencies||5|
|Number Of Stocks||6|
|Number Of Indices||NA|
|Number Of Commodities||6|
|Number Of Futures||NA|
|Number Of Options||NA|
|Number Of Bonds||NA|
|Number Of ETFs||NA|
The traders who have registered themselves with Prime XBT are allowed to trade in currency, commodities trading, stocks trading, Commodities trading, indices training, and cryptocurrency trading.
The traders had only allowed trading using crypto coins that are bitcoins.
The number of cryptocurrency pairs is 5, the number of stocks that you can trade-in is 6 and the number of commodities that you can trade in is 6.
The process of trading is pretty simple and the trading platform is pretty user-friendly and can be customized according to needs.
Prime XBT Brand Details
Prime XBT is a well-known powerful trading platform that has all the necessary and important trader tools that have been developed keeping in mind the necessities of both beginner and intermediate level traders.
The company also has developed industry-standard security practices.
Thus, all the investor funds and trading activities are safe from any kind of cyber attack. All around the clock customer assistance is also available for the traders.
The official website is also available in six global languages that include English, Chinese, Korean, Spanish, Portuguese, and Russian.
- One of the special features that the company provides is that you can easily create an anonymous account thereby no personal information would be said.
- The company promises competitive service fee and trading conditions
- The traders who are trading via this company we’ll have access to superior technology and top tire liquidity sources.
- The leverage chart is up to 1:100 on the cryptocurrency assets which is pretty competitive.
Prime XBT Commission – Conclusion
Prime XBT is a popular cryptocurrency trader that allows all its traders to trade in Forex and CFDs.
The company has developed a user-friendly trading platform where the process of trading is pretty simple and other trading instruments are provided to the traders who have registered themselves with the company.
The company promises advanced security measures, thus the trading data and profits are safe with the company.
Prime XBT commission and Prime xbt fee are pretty competitive and are one of the lowest ones in the market.
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Prime XBT Charges or Fees – FAQs
Here is the list of FAQs related to the Prime XBT
Does Prime XBT charge a commission?
The company has specific commission charges. This commission charges very much depending on the type of treating account via which you are trading.
How much does Prime XBT charge brokerage?
The trading company charges differently for different types of trading accounts or on different assets.
The company lets the user know the brokerage charge just before opening an account. For more details on Prime Xbt brokerage, you can contact the representatives.
What is the Minimum Deposit required in Prime XBT?
Whenever you are trading using Prime XBT you will have to trade using Bitcoins.
The minimum deposit is 0.001 BTC for both the trading accounts provided by the company.
How much leverage does Prime XBT provide?
The company asks the traders to pay Prime XBT charges known as leverage charges whenever they trade using the company’s platforms or applications.
The leverage charge for both the trading accounts provided by the company is 1:100.
How much is Spread at Prime XBT?
The spread charge varies depending on the type of trading account that the trader is opting for.
The spread charges are known to the user whenever they open a trading account. For more details on these spread charges, you have to contact the authorities.
What type of Commission Plans available in Prime XBT?
There are two types of commission plans available whenever a trader is trading using Prime XBT. One is the demo account and another is the Islamic account.
A special feature in Islamic accounts is that there would be no overnight or extra charges.
Does Prime XBT provide Cryptocurrency for Investment?
You are allowed to invest in cryptocurrencies.
You can trade using cryptocurrencies, invest using cryptocurrencies and you will have to withdraw all your profits in the form of cryptocurrencies.
Is Prime XBT a legit Forex Broker?
The company is a legit forex broker.
The company uses industry-standard security measures to protect all user data and funds.
Company also has users from over 150 countries, thus the company can be trusted.
Can I invest in Prime XBT for $5?
You are only allowed to invest using cryptocurrencies; Bitcoins.
You will have to invest using Bitcoins and also withdraw in the form of Bitcoins. The minimum investment is 0.001 BTC and therefore you cannot invest in dollars.
Are there any hidden charges available with Prime XBT?
The company promises no hidden charges. All the charges are let known to the users whenever they decide on opening an account.
If you have any issues, you can contact customer support 24/7.
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