PrimeXBT
4.4
4.4
Author: Kaitlyn Short
PrimeXBT is a cryptocurrency trading platform that was founded in 2018. The company specializes in Crypto and CFD trading, and traders have the flexibility to trade both in Crypto and FIAT currencies. PrimeXBT positions itself as a one-stop-shop for traders with an interest in cryptocurrencies, commodities, forex, and indices.
PrimeXBT serves a global community of more than 150 countries. However, it is important to note that the company’s services and content are not intended for use in the United States, United Kingdom, or the European Union.
Continue reading to learn more about this cryptocurrency exchange platform or jump down to read PrimeXBT reviews from verified customers.
Top Ranked Companies
The Good
- Diverse Trading Options
- Leverage Trading
- Advanced Trading Tools
- PrimeXBT Reviews
Diverse Trading Options
PrimeXBT has a wide range of trading options available to users across asset classes, allowing them to diversify their portfolios and explore various markets. Some of the PrimeXBT’s trading options include the following:
- Cryptocurrencies
- Forex (Foreign Exchange)
- Commodities
- Indices
- Leverage trading
- Shorting
While these options can provide opportunities to diversify a portfolio, there is risk involved and it is important to understand markets and trading activities before engaging with them.
Leverage Trading
PrimeXBT offers leverage trading options, allowing traders to use a smaller amount of funds or capital to amplify their position across various asset classes.
While leverage trading can be a high-reward trading strategy, it is also high-risk. Make sure you exercise caution and have a good understanding of markets and trading activities before engaging with the PrimeXBT platform.
Advanced Trading Tools
PrimeXBT has a variety of trading tools that are available for users, allowing them to perform technical analysis and make more informed trading decisions.
PrimeXBT Reviews
PrimeXBT reviews on BestCompany.com are currently limited, but it is worth noting that all available reviews are 4 or 5 stars. Satisfied PrimeXBT users frequently mention the following about their experience with the trading platform:
- Wide variety of assets
- Modern, intuitive, and user-friendly interface
- Excellent customer support
- Low trading fees compared to the industry average
While PrimeXBT reviews are primarily positive, some reviews mention slow document verification processes, as well as a steep platform learning curve, which could make it challenging to use for new traders.
The Bad
- Regulatory Compliance
- Risk Disclosure
Regulatory Compliance
Due to regulatory restrictions in certain countries, PrimeXBT isn’t intended for all users globally. While the company does have a wide reach, it is not intended for use in the United States, United Kingdom, and the European Union.
In some cases, PrimeXBT prohibits users from specific locations to engage with their platform due to regulatory requirements and compliance issues.
Accessibility may change over time, but it is important to determine whether or not you’re able to engage with the platform from your location, or to understand the risks associated with engaging with the platform from a location that has specific regulatory requirements.
Risk Disclosure
Especially for newcomers, PrimeXBT could provide greater risk disclosure and/or educational materials on risk management in trading. However, before engaging with a cryptocurrency trading platform it is important to do your own research to understand associated risks.
The Bottom Line
PrimeXBT is a popular cryptocurrency trading platform that provides a wide range of trading options, including leverage trading, setting it apart from other cryptocurrency exchange platforms in the industry. The platform serves a global community, but it is not available for use in certain countries, such as the United States and United Kingdom, due to regulatory restrictions.
PrimeXBT reviews on BestCompany.com are primarily positive and satisfied customers frequently highlight the company’s trading options and tools, as well as its customer service.
Andy Kim London, ENG
2 years ago Edited November 20, 2023
A.Coll Warsaw, 14
2 years ago
Luis Rothman Coventry, COV
2 years ago
Klims Klop Lisbon, 11
2 years ago Edited October 9, 2023
Reply from PrimeXBT
Thank you for sharing your valuable feedback and your positivite experiences with PrimeXBT. We're glad to hear that you're finding our platform intuitive, efficient and our range of trading instruments extensive. Recognition like yours truly motivates us in our ongoing commitment to improving our services.
Your suggestion regarding the addition of an electronic wallet for fiat currency deposits and withdrawals has been duly noted and forwarded to our development team. We are always looking for ways to improve and make our platform as user-friendly as possible, and therefore, your input is incredibly valuable to us.
In the meantime, should you have more suggestions or need further assistance, don't hesitate to contact us. We're here to help you and make your trading experience even better. Thank you once again for your support!
Warm Regards,
Team PrimeXBT
Oct. 22nd, 2023
Ivona
2 years ago
Sterling
2 years ago
Marco
2 years ago Edited September 18, 2023
Reply from PrimeXBT
We're delighted to hear about your positive experience. Ensuring a comprehensive, efficient, and straightforward platform for all our traders is our priority. Your satisfaction confirms our hard work. Happy trading!
Best regards,
PrimeXBT Team
Oct. 3rd, 2023
Paggy Gro
2 years ago
Reply from PrimeXBT
Thank you for your positive words. Your successful journey on PrimeXBT delights us! We believe your success is a blend of your efforts and our platform's features. We're here to continuously support your smooth trading experience.
Best Regards,
PrimeXBT Team
Oct. 3rd, 2023
Marco K. Melbourne, VIC
2 years ago
Reply from PrimeXBT
We greatly appreciate your kind words and are pleased to know that you find our execution nearly perfect. Our team works hard to ensure seamless execution of orders and optimize our systems, so such positive feedback is truly rewarding.
We're particularly glad to hear that you're finding value in our stop-loss feature. We understand the need to have effective risk management tools like these to secure your investments and minimize risks.
Thank you for taking the time to share your review. We are motivated by the trust our traders place in us and look forward to keeping up the professional execution you've come to expect.
Best Regards,
The PrimeXBT Team
Oct. 22nd, 2023
Ashley Williams Perth, WA
2 years ago Edited July 27, 2023
Reply from PrimeXBT
Thank you for your feedback. At PrimeXBT, we are committed to providing a diverse and flexible trading environment.
We realize that the fixed leverage of 1:20 for certain cryptocurrency pairs may not appeal to all traders. Our decision for this leverage ratio is intended to balance both the opportunities and risks in the volatile cryptocurrency market.
We appreciate your understanding and taking the time to share your experience. We will continue in our efforts to deliver an excellent trading experience.
Best Regards,
Team PrimeXBT
Oct. 22nd, 2023
B.Griffin Melbourne, VIC
2 years ago Edited July 14, 2023
Reply from PrimeXBT
Thank you for your valuable insights and suggestions related to negative balance protection. At PrimeXBT, our foremost goal is to shape a trading environment that aligns with our clients' requirements and provide an exceptional trading experience. We understand the need for enhanced flexibility and greater control over trading positions and we will certainly consider your feedback in our ongoing efforts to improve our platform. Again, thank you for your feedback, and we hope to continue serving your trading needs.
Best Regards,
Team PrimeXBT
Oct. 22nd, 2023
Philip Moris Coventry, COV
2 years ago
Reply from PrimeXBT
Thank you for taking the time to share your feedback with us. At PrimeXBT, we understand the varying preferences of different traders and it's rewarding to see seasoned traders like you utilizing our features like leverage effectively.
While leverage can indeed increase potential returns, as you've highlighted, it also comes with increased risk. We're pleased to see you acknowledging this dynamic and trading responsibly.
Remember, our team is always here to help if you need any assistance. We thank you for choosing PrimeXBT and wish you continued success in your trading journey.
Best regards,
PrimeXBT Team
Oct. 22nd, 2023
Harry London, ENG
2 years ago
Reply from PrimeXBT
Thank you for your kind feedback on our platform. We take pride in providing an intuitive and straightforward user interface and we're delighted to hear your positive experience with navigating through our web terminal.
User experience is at the forefront of our plans at PrimeXBT. Our objective is to provide a platform that is user-friendly, efficient, and seamless. Your affirmation suggests that we are making strides in the right direction, and we will continue to optimise our platform based on feedback like yours.
Thank you for choosing PrimeXBT and for taking the time to review us.
Best Regards,
The PrimeXBT Team
Oct. 22nd, 2023
Alan Kart
2 years ago Edited October 2, 2023
Reply from PrimeXBT
Thank you for your positive feedback. We're delighted that you've had such a positive experience with our cryptocurrency trading platform.
At PrimeXBT, we are dedicated to providing an inclusive platform that accommodates traders of all styles and levels of experience. It is encouraging to hear that you find our tools and features beneficial for profitable trading.
Your kind words greatly inspire us to keep improving and tailoring our platform to meet and exceed the expectations of our users. Thank you once again for choosing PrimeXBT for your trading needs.
Best Regards,
The PrimeXBT Team
Oct. 22nd, 2023
Oliver Parker
2 years ago Edited August 2, 2023
Reply from PrimeXBT
Thank you for recognizing our commission rates and highlighting our minimum order size feature and we prioritize offering competitive and user-friendly features to our traders, so we're delighted to hear that you appreciate this.
Best Regards,
The PrimeXBT Team
Oct. 22nd, 2023
Derrick
2 years ago
Reply from PrimeXBT
Thank you for your glowing review! We're delighted to hear you appreciate our interface and leverage options. Your recommendation means a lot to us. We promise to continually deliver high quality service.
Best wishes,
PrimeXBT Team
Oct. 3rd, 2023
April
2 years ago
Reply from PrimeXBT
Thank you for your supportive comments. As a company, we're thrilled to know that you're happy with our trading conditions regarding fees and spreads. It's always gratifying to hear that we are succeeding in our goal to provide customers with the most favorable trading conditions possible.
Best Regards,
The PrimeXBT Team
Oct. 22nd, 2023
Tony Brussels, BRU
2 years ago
Reply from PrimeXBT
Thank you for taking the time to share your experience with PrimeXBT. We're delighted to hear that you're having a positive experience trading real-time cryptocurrency on our platform, especially during high-demand market times.
As the digital assets landscape becomes more robust and intricate, we strive to continuously improve our platform so we can offer unmatched services to our users. Your feedback is an important part of that process.
Thank you for your continuous support, and happy trading!
Best Regards,
Team PrimeXBT
Oct. 22nd, 2023
