PrimeXBT Review: Highlighting The Best Tools For Trading Professionals

PrimeXBT has gained much recognition across the trading community for its advanced trading tools designed for professionals. Although all tools are easy enough to use for newcomers, it is the depth and power that makes PrimeXBT so appealing to pro traders who are always searching for any edge they can find that will help them be more successful when approaching global markets.

In this guide, we will outline the tools that professional traders rely on for outstanding performance, capital protection, risk management, and more.

About PrimeXBT

PrimeXBT is an elite margin trading platform that launched during the 2018 crypto winter and became a hot spot for shorting Bitcoin and other digital assets. With crypto winter back again, the platform is once again in the spotlight for saving portfolios and keeping traders profitable during the bear market.

When bears finally go back into hibernation, PrimeXBT lets users do everything from buying crypto or making a deposit to accessing a wide range of cryptocurrency-based products and services. Cryptocurrencies can also be used as collateral to trade digital and traditional assets, with some of the lowest fees around.

Margin Trading

PrimeXBT is known best for its margin trading tools, which include long and short positions with leverage on more than 100 different trading instruments. Users get access to built-in technical analysis software and trading indicators, stop-loss protection, and other risk management tools.

Trading instruments include crypto, commodities, stock indices, metals, and forex currencies. This means that with only one platform, traders can build a diverse portfolio that includes Bitcoin, gold, oil, and USD-long positions while the dollar continues to crush financial markets. 

Copy Trading

Skilled traders can become strategy managers using the Covesting copy trading module and rise the ranks to become a top-ranked trader and attract a large following. Strategy managers have all their performance and trading history tracked for followers to view and analyze. 

Followers must use this intel to pick the right strategies to follow and ensure profitability. Once following, all trades will be automatically copied. Strategy managers earn a cut of follower’s success fees, while followers get to profit without all the heavy lifting, making the entire experience profitable for all parties involved.

Mobile App

PrimeXBT offers an award-winning mobile app for Android and iOS devices. The free download is available in the Google Play Store or Apple App Store, and lets traders access everything above while on the go. Manage positions or your margin trading and Covesting portfolios from anywhere in the world and right from your fingertips.

Never has there been so much power in the palm of your hand. The PrimeXBT mobile app is the most convenient way to stay connected to global markets no matter where you are in the world. PrimeXBT is always honing the experience with new updates and improvements.

Weekly Competitions

PrimeXBT Contests is a risk-free battleground where traders can compete for a chance to win crypto rewards and prizes that can be used as trading capital. Prizes range from $1,000 USDT to $100,000 USDT in global trading competitions. 

Because there is no risk, pro traders can use the experience instead to backtest trading strategies and technical indicators with a variety of assets before taking the system to trade in real-time. 

Everything Else

The platform features bank-grade security, an educational website, an APY-generating crypto staking tool, 24/7 customer service, a dedicated account manager for personalized services, and much more. 

Regular market research reports are posted on the company’s blog to keep traders abreast of important news and macro events that could impact volatility.

Conclusion 

Performance is the primary reason professionals prefer PrimeXBT. Using the variety of tools above, traders can keep capital protected and risk at bay, churn out more profit, activate alternative income streams, and more. 

Registration is free and fast, and in only a few minutes, you can make a deposit and level up your trading career with the award-winning PrimeXBT. 

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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

Torsten Hartmann

Torsten Hartmann

Torsten Hartmann has been an editor in the CaptainAltcoin team since August 2017. He holds a degree in politics and economics. He gained professional experience as a PR for a local political party before moving to journalism. Since 2017, he has pivoted his career towards blockchain technology, with principal interest in applications of blockchain technology in politics, business and society.

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