PrimeXBT
Questions & Answers

In a nutshell, this helps you to reduce exposure and allows you trade separately from cross mode.

You meant their custom trading app, or as they call it: the PXTrader. Look, the easiest way to answer your question is just to tell you to give it a try, test it. I’m sure it’s gonna be one of the easiest trading apps you have ever traded with. Srsly it is. Clean design and excellent functionality. Charts are powered by TradingView, so when doing tech analysis or looking for indicators, it’s much easier because you don’t need to learn anything new. Of course, if you have experience with TW. But even if not, still it’s much easier than binance for example. What i also like is that almost everything on the app is customizable, charts, screens, colors… everything. Plus, no need to download and insalatis you can use it as a web-based app and the performance is the same as you installed it on your device. I am really surprised why traders would choose to trade with MT5 when such a great app is already available at primexbt

Manually? You mean with market orders? You pay with taker fees broodie... It’s quite expensive to be honest, I don’t know why people are still trading with such orders, when the platform offers limit orders where we can pay less for maker fees. I personally never open market positions, only pending limits and that’s how I save some money avoiding high trading-costs.

I might be wrong on this one, but I have only seen this on crypto futures. For cfd trading, different type of margin allocation is used, and you can see the requirements in a pricing sheet.

Absolutely, why not? Primexbt is a multi regulated platform, which by default tells us that several financial jurisdictions believe in their trustworthiness and make sure to audit and check them every once in a while. If that was illegal, they wouldn’t get even a single one. When it comes to futures I saw several big brokers who have cfd assets and futures at the same time, BUT, those were futures mainly for indices, gold and etc, whereas here they give you the access to crypto futures. Yes, that’s some kind of a different which essentially makes them unique, but there is nothing wrong with that. I’m trading there both futures and cfd forex pairs (when London session kicks in). All in all, the experience so far is great man.

Well, it all depends on your style, right... Are you more of a crypto enthusiast? Then, perhaps crypto futures mode is the best for you... if you ask why, well, it has high leverage there, that you can adjust as per your needs, but be careful not to overleverage, I recently was told by my trading pal that he overtraded and even though his initial prognosis was right, he lost, because of the leverage, i mean the price first went agaisnt him, and his SL was triggered, had it been less leveraged, the loss would be minimal... anyway, cyrpto futures makes sense right now, as whole crypto market is booming... Also, the broker there have special VIP program, where if you reach ceertain volume, (i mean trading) then u will get more attractive fees, coz on crypto futures mode there are taker and maker fees... but if you prefer traditional markets, well, then trade them, lots of CFDs on different markets are there. You can trade from web or PC desktop, I would recommend to keep both web based and desktop versions... but again, depends on your preference, web based works well, though it is on web, it does work pretty well

As with all things, it depends how you appraoch it. If you don't take the time to do a deep dive and study different traders on the platform, and instead go for the one with the highest profit indicator... you're probably not going to last very long, amma be real with you. Copy Trading is as, if not more, serious than manual trading and should be done with a thorough understanding of what makes a trader worth investing long-term or not. Yes, it is worth it, but please don't neglect the research part

Regarding trading, nothing at all. It makes no difference if you account is verified or not when you trade. Either way, you get the same trading terms and have access to the same market range, tools and else There are limitations in terms of transfers. Not all payment methods are available if you choose a no-KYC account, and there is a limit of 25,000 daily withdrawals, which let’s be real, is not much of a limit... right!? Shortly, the limitations are insignificant, and Primexbt is a top choice platform for no-KYC accounts