PrimeXBT Questions & Answers

Good question, brother! From my point of view, I think they are better because PrimeXBT offers traditional markets for trading besides crypto currencies. They also have a lot of educational materials which the quality of materials is better than other crypto exchanges. By the way, the leverage on cryptocurrencies are also higher than from other crypto companies.

Understanding margin is one of the most complex things for trades, so don't worry if you didn't get its specifics at first. I will try to simplify it for you. Those are two different approaches to managing positions, or in general, managing the whole margin on your account. The Cross margin, as its name suggests, is when the whole margin available on your trading account is shared across all of your open positions. The approach is suitable for those with a higher risk appetite since in this case tha platform is using the whole available margin to maintain the positions. On the flip side, the isolated margin allows you to allocate a specific amount of margin to each open position. This means that you can limit the margin that one position can use from your account, and limit the exposure. Isolated margin is a great tool in risk management, and it is used by those who like more conservative approach to trading.

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.

I mean, they have DDos Protection, they are backed by AWS, and reportedly have liquidity from 12 different sources. Can't get better safety than that, in the crypto world especially.

I guess... there's nothing super-duper surprising in this fact, but it's undoubtedly very convenient to trade several assets within one platform and one account, For sure, I more about crypto trading, but sometimes, as I am the one who kicked off in trading sphere with forex pairs, I can run a quick analysis on major pairs to find entry point, open a position and set SL and TP. But i am more into crypto... so i don't even trail the SL on forex majors, if TP triggers - good, if not - not a biggie.

Yes, I tried copy trading with PrimexBT and the experience was quite positive. It makes it easier for beginners to enter the trading. By copying the trades of expert traders, I was able to benefit from their knowledge and experience. Of course, as with any investment, there are risks, but with the right strategies and a careful attitude, this method can be profitable. In short, it was an experience worth lighting the candle.

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

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.