No equity-specific trading is offered and there is only a limited number of cryptocurrencies.
PrimeXBT’s flagship trading platform offers the most available features from the brokerage and includes a fully customizable workspace with an extensive suite of trading tools. The service provides you with professional charting tools, allowing you to manage orders and place trades without having to switch between tabs or windows. PrimeXBT supports market, limit, stop and OCO orders (visit this link to learn more about these order types). The brokerage also allows you to deposit, withdraw and store assets in a secure personal wallet that is kept offline. PrimeXBT features ultra-fast order execution from 12 liquidity providers and processes over 12,000 orders per second, helping you get in at the best available prices.
PrimeXBT’s Turbo platform was designed for high-frequency traders whose goal is to execute as many trades in as little time as possible. The platform allows you to earn up to 90% in minutes by predicting short-term price movements of various cryptos, commodities, forex pairs and stock indices. Turbo offers 24/7 trading and live chat support. You can start from as little as a $1 deposit and are able to test the platform with a free demo account where you can trade with a 1 BTC balance. It is important to note that this style of trading involves a significant amount of risk and is not suitable for beginners.
The Covesting platform allows you to choose from a list of best-performing traders and copy your trading activity via a simple process. First, you can choose your preferred trader, then allocate a portion of your balance toward your chosen strategy, and finally can follow your trades. You are able to follow multiple traders and allocate varying amounts of your balance toward different strategies. If you’re a strong trader, you can monetize your trading strategy by receiving fees from follower’s gains. The more followers you have, the more money you can make.
PrimeXBT offers cryptocurrency trading on BTC/USD, ETH/USD, LTC/USD, EOS/USD, ETH/BTC, LTC/BTC, and EOS/BTC. You can also follow XRP/USD and XRP/BTC pairs.
PrimeXBT offers trading on 11 global indices from the U.S., EU, U.K., France, Spain, Hong Kong and Japan.
PrimeXBT offers trading on 51 forex pairs between USD, EUR, GBP, AUD, CAD, CHF, JPY, MXN, HKD, TRY, ZAR, NZD, SGD, RUB and Gold (XAU).
PrimeXBT offers commodity trading on gold, Brent oil, U.S. crude oil and U.S. natural gas.
PrimeXBT has a large FAQ section that can be accessed by navigating to the brokerage’s help center found in the sitemap (bottom of the website) in the “About” column. The FAQ page answers over 50 questions across 5 common categories. Additionally, this help center has a substantial amount of information regarding topics such as trading conditions, leveraged trading, security and deposits/withdrawals. Almost any question you have can be easily answered in the help center as it is full of information and elegantly laid out in a linked table of contents styled outline. If you have a question that cannot be answered in the help center or were simply unable to find the information you were looking for, PrimeXBT offers a 24/7 live chat feature that is available in 16 different languages. Unfortunately, PrimeXBT does not provide a customer service hotline.
PrimeXBT accounts are free and commissions are super competitive. The Turbo platform has no commissions. Fees are laid out clearly next to each potential trade, so there are no surprise fees after execution. The minimum deposit requirement is 0.01 BTC for PrimeXBT and $1 for Turbo. You are also able to earn more in crypto through PrimeXBT’s affiliate program, which offers a revenue share, CPA, and hybrid referral plans on up to four levels of referral. You can also earn income from helping other traders profit by letting them covest with your strategy.
Its mobile app is clean and mirrors the site closely with the same functionality and enhanced security. Sign-up and account registration is easy through the app.
- Lots of trading options
- Multiple styles
- Good pricing
- Diversity in your portfolio
- Lots of extra information and a blog
- Helpful price charts
- Covesting helps you learn while earning
- The site is customizable, easy to use and navigate.
- A lot of charting tools enable traders to do as much research and analysis as they need.
- Financial information is easily accessible.
- Live chat is helpful.
PrimeXBT vs. Competitors
PrimeXBT differentiates itself from competitors by providing you with access to multiple market types along with excellent charting data and tools. While it may not be the best option if you are looking to trade a specific asset, PrimeXBT allows you to diversify exposure to several different asset classes at once. PrimeXBT also offers three trading platforms, giving you the choice of how you want to trade.
While PrimeXBT is undoubtedly one of the best trading platforms in existence today, it is not available for use in several major countries including the US and Canada making it hard to justify a perfect 5/5 rating. If you reside outside the U.S. and are looking for a platform that provides anonymity, is safe and secure, offers a diverse set of investment options, and supports varying methods of trading, PrimeXBT is your solution.
Frequently Asked Questions
Is PrimeXBT legit?
Yes. The platform services 150 countries and offers a wide range of tracing tools. Plus, it is powered by well known names like Devexperts, Covesting and Bitfury crystal.
Benzinga crafted a specific methodology to rank cryptocurrency exchanges and tools. We prioritized platforms based on offerings, pricing and promotions, customer service, mobile app, user experience and benefits, and security. To see a comprehensive breakdown of our methodology, please visit see our Cryptocurrency Methodology page.
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