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PrimeXBT is an established leveraged cryptocurrencies, Forex, indices and commodities trading platform
Read 100% Free PrimeXBT Review by Scamorno Team
FULL REVIEW OF PrimeXBT
Are you looking for more information about PrimeXBT and wondering whether or not this is really a trading platform that you should consider using? PrimeXBT is a cryptocurrency exchange registered in the Seychelles. The holding company name is Prime XBT Trading Services with Company number is 148707. The exchange opened their books to the market in 2019.
In this sense, they are perhaps one of the most direct competitors to exchanges such as the BitMEX exchange which is also registered in the same jurisdiction and Deribit which is based in the Netherlands.
How Is PrimeXBT Different From The Other Brokers?
One of the main selling points about the PrimeXBT exchange is the fact that they have leveraged trading for a number of different assets. These include six cryptocurrency pairs with a max leverage of 100x and a number of forex / commodity assets with leverage up to 1,000x.
PrimeXBT exchange also makes use of the liquidity provided by larger exchanges and market makers in the industry. They aggregate or “pool” their liquidity from more than 12 different exchanges.
Overview of the PrimeXBT Trading Platform
As a trader, you will be spending more than 90% of your time on the main trading platform. As such, it is important that it is well laid out and semi intuitive from a user interface perspective. We were actually quite impressed with the PrimeXBT trading platform. They have developed their own trading technology and there is extensive functionality that can serve traders of most skill levels.
On the PrimeXBT platform, you have 3 main sections which can be accessed in the header toolbar. These are the account administration section, the information section and the trading platform itself.
The 1st thing that you will notice about the platform is that it offers a large degree of customisation. Users can also build out their own work-spaces that they can access at the top of the platform.
PrimeXBT have also created this platform around “widgets”. This means that users can insert a new panel onto any one of their desired work-spaces. These widgets can contain a chart, trades, order form, messages etc.
Users can select “add widget” and they will be given a list of different ones to choose from. They can spread the platform out across more than one screen or they can have numerous different markets on a single screen.
When it comes to the charting package, PrimeXBT appears to have quite comprehensive charting functionality. This cold be ideal for those of you who like to trade with technical analysis.
For example, there are a number of customization options which allow users to alter the appearance of the charts. These include things like the colors, grids and spacing. This is not something that we have seen on other charting packages developed by an exchange.
Taking a closer look at the actual tools that are at your disposal, you will first have all the drawing tools that you will need to map your important levels. These include fan lines, retracements, Fibonaccis and other trend lines.
Users also have a plethora of technical studies and indicators that they can use. These include all of the momentum indicators and also relative strength and volume-based studies. Users can also customize the indicators in terms of the time-frame and other important inputs.
Review Verdict: PrimeXBT is a legitimate trading platform that works
Consumer Fraud Alert Regarding PrimeXBT
The success of PrimeXBT has given rise to many frauds who try to sell their own fake websites in its name. This is a big issue as many customers have lost their money in buying from such fake sites. It is advised that customers should be really careful when they are purchasing and should do some research before they buy from any website. To spot these, watch out and avoid sites that claim to write about PrimeXBT, yet the write-up is completely garbage as they are created by software and spammed all over the internet. It is always better to avoid buying from any other site other than the official one. Therefore, it is highly advised that consumers do careful research, or only buy from the site from the official website here – http://PrimeXBT.com/Official (link opens in a new window). The official website that they have includes the legitimate website.
Conclusion about PrimeXBT
If you are currently looking for a leveraged cryptocurrency exchange with relatively advanced technology, transparent fees and strong security procedures then it should be considered. You will have to make a judgement on whether you are comfortable using a brand-new exchange service. If active Bitcoin trading on a legitimate platform is something you are looking for right now, we highly recommend you to learn more about PrimeXBT at the button link below!