PrimeXBT Trading Account – Review, Types, Process, Benefits, Charges & more
Last Updated Date: Nov 19, 2022Check out all details related to PrimeXBT Trading Account here.
PrimeXBT is a well-known and well-established cryptocurrency exchange company that offers all its clients and users the ability to trade in various assets that include crypto, Forex, S&P 500, etc.
PrimeXBT is registered in Seychelles and is controlled by its parent company Prime XBT Trading Services. The PrimeXBT was established in 2017.
The company also lets its users deal in other commodities that include crude oil, natural gas, and many more from a single trading account.
The company has a pretty simple user interface, as even a beginner-level user can open an account and add Bitcoins in minutes.
Company also allows the users to add up to 100x crypto leverage trading and up to 1000x leverage for Forex trades.
Even though the trading company is fairly new, the company has users from over 150 countries globally.
Since 2019, the company has phone offices at St. Vincent and The Grenadines and now have moved their whole operation to Switzerland.
Currently, the trading company has 75 plus employees.
PrimeXBT Trading Account and Benefits
Some of the exclusive benefits offered by PrimeXBT trading company are:
- The company has trading tools that have been made both for beginner and advanced level traders.
- The company promises top-level security to protect the funds and investments.
- Customer support is available around the clock and the website is available in six different languages that include English, Chinese, Spanish, Korean, Portuguese, and Russian.
- PrimeXBT feeding accounts are 100% anonymous, no KYC verification is required, there is no lengthy form to fill up the process and the company does not collect any personal details.
- The Trading company promises competitive service fees and trading conditions that are exclusive to the company.
- The traders can trade using ultrafast execution courtesy of advanced technology.
- Top tire liquidity resources are available.
- Leverage is up to 1: 100 on crypto assets.
- Simple but modern user interface that makes it easier both for beginners and experts.
- Customized Layout: The workspace can be easily customized by the user. This simply means that the market window, charge, widgets, etc can be arranged and repositioned according to the trader’s needs
- Risk management: The user can easily implement stop loss and take profit orders at once which is an exclusive feature in the cryptocurrency market.
- Professional Charts: PrimeXBT has different charts that include bar, candle, and line chart. The traders are allowed to directly place orders from the Charts.
- Multiple order types: Different types of orders are available that include market, limit, stop, and OCO. Protection orders are also available that include Take profit and Stop loss.
- Using the trading platform, the PrimeXBT trading account and the Bitcoin wallet can also be funded directly. Equity, passbook, and real-time balance can be viewed easily.
- Built-in indicators are available. These 90 indicators are required for technical analysis.
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PrimeXBT Trading Account Charges
| Trading Account Charges | ||
| Account Type | Demo Account | Islamic Account |
| Initial Deposit | 0.001 BTC | 0.001 BTC |
| Spread | NA | NA |
| Commission | NA | NA |
| Leverage | 1;100 | 1;100 |
PrimeXBT Trading account charges vary depending upon the type of trading account.
In the next phase, you need to know about the amount the company charges at different intervals. You have to keep your returns and exchanges in check so that later you can earn a better amount.
The first thing that you need to be concerned about is the commission which is taken by the company as order charges.
The amount of commission would vary depending upon the type of PrimeXBT Trading Account.
You also need to be aware of the initial deposit amount, spread charges, and leverage during PrimeXBT online trading.
Types of PrimeXBT Trading Account
| Types of Trading Account | |
| Trading Desk Type | No trading desk |
| Min Deposit | $1 |
| Maximum Leverage | Up to 1:1000 |
| Mini Account | No |
| Premium Account | No |
| DEMO ACCOUNT | Yes |
| Islamic Account | Yes |
| Segregated Account | Yes |
| Managed Account | No |
| Institutional Account | No |
| Suitable for beginners | Yes |
| Suitable for professionals | Yes |
| Suitable for scalping | Yes |
| Suitable for daily trading | No |
| Suitable for Weekly trading | No |
| Suitable for swing trading | No |
The officials at PrimeXBT would be assisting the users with all the necessary trading options.
Various types of trading accounts are designed for different users having different mindsets.
The firm offers different accounts for different types of users. So, in the next paragraph, we will be discussing the type of trading account.
Demo Account
As the company only accepts payments in bitcoins, The initial deposit amount for the demo account is 0.001 BTC.
You can practice as long as you want on PrimeXBT online trading to get accustomed to the user interface. The leverage charged is 1: 100.
Islamic Account
The Islamic Trading account is provided to cater to the Muslim uses who exclusively follow the Sharia law.
These rules have been developed to protect the Islamic users from paying extra interest like overnight fees which are wasteful.
The minimum initial deposit is 0.001 BTC and the leverage charged by the company for Islamic accounts is 1: 100.
PrimeXBT Account Opening and Trading Process
The process of opening an account using PrimeXBT is pretty easy. It is pretty similar to the stock account opening process.
Open PrimeXBT Trading Account
- Visit the official website of PrimeXBT and click on open account.
- When the custom screen opens, fill up all the necessary details and submit.
- After successful registration of your email address and mobile number, you will be receiving the login credentials immediately.
PrimeXBT login process
You can easily login into your PrimeXBT trading account by signing in with the credential provided by the company.
Here, you will be logged in using the PrimeXBT trading account on the trading platform.
You can also use the PrimeXBT mobile application if you are planning to trade on the go. You can download it from the official website of the company or your individual app store.
Downloading and Setup
If you want to use the training terminal you can directly log in or download the app alongside from the App Store.
The demo account is the best place where you can practice trading. You can also use the buying and selling option via PrimeXBT online trading.
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PrimeXBT Trading Account – Features
| Trading Features | |
| Educational Services | Yes |
| Social Trading / Copy Trading | Yes |
| Trading Signals | Yes |
| Email Alerts | Yes |
| Guaranteed Stop Loss | No |
| Guaranteed Limit Orders | No |
| Guaranteed Fills / Liquidity | No |
| OCO Orders | Yes |
| Trailing SP/TP | No |
| Automated Trading | Yes |
| API Trading | Yes |
| VPS Services | No |
| Trading From Chart | No |
| Interest On Margin | No |
| Offers Hedging | Yes |
| Offers Promotions | Yes |
| One-Click Trading | Yes |
| Expert Advisors | Yes |
| Other Trading Features | No |
Some of the exclusive features offered by Prim XBT trading accounts are:
- Exclusive educational services have been provided by the company to all its traders. Special video lectures and voiceover sessions are provided so that the traders can learn everything about trading.
- Some other features provided are social trading or copy trading, trading signals, email and SMS alerts, etc.
- The company also helps in automated trading, API trading, provides VPS services, trading from chat, and many more.
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PrimeXBT Trading Account – Conclusion
So we have discussed everything about the Prime XBT trading account in the article.
Even though the company is new, Prime XBT is a rising star in the market.
The trading firm has made a user interface that is suitable for beginners and expert-level traders.
PrimeXBT Online Trading – FAQs
Here are the few FAQs related to the PrimeXBT Online Trading –
Does PrimeXBT provide online trading?
The company allows all its users to trade and invest in cryptocurrency and forex marketing.
You will also have a lot of options from where you can choose anything to trade on.
What are the commission charges of PrimeXBT?
The company provides two types of accounts.
The Commission charges vary depending on the type of account which you are opting for.
The firm has some of the lowest commission charges charged by any other trading platform.
Does PrimeXBT provide demo account Trading?
You can practice reading using a demo account provided by the trading firm. Here, you can trade as long as you want in a risk-free environment.
Is Trading-free at PrimeXBT?
The Trading company does not charge any amount whenever you are downloading or registering.
However, there are some trading charges which have to be paid by the traders at the time of trading.
Some charges like commission charts, leverage charts, spreadsheets, and initial deposit amounts are charged.
Does PrimeXBT provide Spot metal trading?
The company allows all its traders to invest in oils, precious metals, and other commodities.
You can monitor all your investments and later develop a strategy to gain profit.
What are Spot Metal Trading charges?
You can trade in various precious metals and oils including gold, palladium, and other metals.
The trading charge depends on the type of trading account, type of metals, etc.
Does PrimeXBT provide stock trading?
The traders are allowed to invest in PrimeXBT online trading in the stock market.
If you are planning to invest in stock trading, you will have to get in contact with the customer care executive.
But remember, you would have to pay an extra amount to avail stock trading features.
What is the spread at PrimeXBT?
The Spread fee charged by PrimeXBT varies depending upon the type of trading account.
The fee charged is quite less than the other brokers.
Is PrimeXBT safe for trading?
Trading via PrimeXBT is completely safe.
The company uses double-layer protection, SSL protection, and Cloudflare protection.
Most of the money is stored in cold storage accounts and transfer from cold to active storage is done manually by the presentations at PrimeXBT.
Does PrimeXBT provide trading tips?
Before you start trading, you would need some tips that would help you understand trading and the investment process.
These tips are provided by the company to allow you to invest without any risks and so that you gain maximum profit.
The company provides tips and expert sessions to all the traders.
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