PrimeXBT
Questions & Answers

Primexbt hasn`t have strict limitations, so you can start trading there from very low amounts. But, in order to maintain risk, especially in such a volatile market, like crypto, you need to have more than that, the more the better. For successful implementation of risk management strategy, I think $1000-2000 would be sufficient enough to make at least something from your trading, but all cases are individual.

How should I tell you... If you didn't know, the primary direction of PrimeXBT is crypto futures and they position themselves as a crypto exchange. Nevertheless, they also provide traditional financial instruments for trading but I hardly believe the conditions on the forex market would be better in comparison to standard forex brokers. So yeah, you can trade on the forex market here but you better expect nothing special here but I can definitely say the trading on crypto futures is much better than on other crypto exchanges in my opinion.

You can set up an isolated margin in the app already now. It will use only your funds allocated for a specific position. ALternatively, you can choose a cross margin with this broker and it means that all funds available in your margin account shall be used to prevent liquidation of any other open trade. So, these settings are getting more and more flexible with all platforms now.

You can hardly find a platform, or a broker that can satisfy the need of ALL traders This is actually how brokers are deciding on its concept and targeting specific traders, in terms of trading strategies, or level of experience or something else. Anyway, if we talk about a platform that caters to most traders, PrimeXBT is a frontrunner. You know this is the first platform that provides excellent trading conditions on both markets: the traditional markets like forex, shares, commodities and more, and the digital markets like cryptocurrencies and crypto derivatives. So, yeah, in this regard, PrimeXBT is doing an excellent job. The trading terms are generally fine, but a small drawback is that trading here is only available on its custom trading platform.

PrimeXBT is efficient but choosing a broker is based on your preferences

Most likely, you are interested in crypto transfers and fees that may be associated with them. Well, I can give you some advice. If you use USDT to deposit your account, then I advise you to send the entire amount not in parts. Tether charges transaction fees and in order to reduce commission costs, it's better to make one transfer, and entire amount at once

When it's about liquidity then you will understand it by the tightness of spreads, because the market gets denser, there are many buyers and sellers. You can also use volumes analysis, there are special liquidity zones where are many buyers and sellers. Plus, you can also check relative strength index, that indicates if the asset is oversold or overbought. In general, there are many methods and all of them can be applied at primexbt, actually.

Makers add liquidity to the market with limit orders. They pay lower fees but may wait longer for orders to fill. For PrimeXBT, they pay 0.01% fee.T Akers seek instant trades, paying higher fees for market orders. So you get a transaction pretty much immediately, but pay a bit more for it. For PrimeXBT, you pay 0,02% (still freaking cheap as hell, if you ask anyone). Makers provide liquidity to the market, takers take liquidity off the market. Hence the names.

Yes sir! I know it seems like crypto is the only thing they provide, but it is just their point of marketing as they have emphasized crypto. They offer all the popular assets like forex, indices and commodities.

For crypto it is amazing, there is pretty much zero spread and they take a small trading fee of 0.05% (so a 20'th of a percent). Even with the smallest, tightest trades, you cant notice it exists. Definitely cheaper than trading on a chain, with gas fees on UNI not to mention regular fees. Here you can even buy crypto straight through them, so dont need to transfer in and transfer out. 1 platform = 3 gas fees avoided. If they even had 0.1% fees, its still way smaller than even 1 crypto transfer. So yeah, its hella worth. However, I see most PrimeXBT reviews here mentioning forex, and im not as well-versed in that, and dont trade it here, but the spread there seems to be higher, its not in hundredth of a percentages anymore. Im looking at most pairs right now in their platform and seeing it fluctuate at around 5-7 pips on most pairs. Some of these pairs, like USDCHF, seem to be 2-3 pips, some others higher. So pretty much the same conditions as any top broker.