PrimeXBT Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of PrimeXBT trading signals. You will learn what kinds of trading signals PrimeXBT offers and what the conditions for using them are.
Short introduction of PrimeXBT
The PrimeXBT exchange is an international platform for trading cryptocurrencies, tokenized assets, stock indices, and currency pairs. Cryptocurrencies include Bitcoin, Litecoin, Ethereum, Tether, and others. All crypto assets can be bought and sold for US dollars. Currency assets are traded among themselves, with resources and metals. For example, you can buy and sell silver for US dollars. There is Bitcoin trading with leverage up to 1:1000. The company has developed its own trading terminal, called PrimeXBT, with a built-in function for copying trades; and there are browser and mobile versions. The terminal is distinguished by its high-speed operations and advanced functionalities. There is also a demo account.
| 💰 Account currency: | Cryptocurrencies, currencies |
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | up to 1:1000 (up to 1:100 for copy-trading, up to 1:200 for BTC) |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies, currencies, indices, natural resources |
| 💹 Margin Call / Stop Out: | No |
PrimeXBT Pros and Cons
👍 Advantages of trading with PrimeXBT:
•Ability to trade in cryptocurrencies, currencies, indices, and other resources;
•low trading commissions, large leverage;
•several options for the referral program;
•own service for copying trades;
•KYC verification, high level of security;
•simple and convenient trading terminal;
👎 Disadvantages of PrimeXBT:
•the company does not have a call center;
•API is not supported.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
-
Signals through a blog on the website.
-
Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
PrimeXBT Trading Signals
PrimeXBT does not charge any fees for deposits and withdrawals. Commissions for margin trading and copying trades start at 0.001%. Their size varies depending on the trading volume and is calculated individually. Leverage fees are 0.1% for margin trading and 1% for copy trading.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | 0.001% per order | No |
Conclusion
Based on the results of the analysis of the PrimeXBT trading signals, Traders Union analysts established that the conditions are average. The broker offers limited opportunities for the clients choose its trading signals. However, there are also benefits, which is why they can be considered for investment. Keep in mind that trading signals carry the risk of losses and make sure to use the rules of risk management.
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FAQs
Do I need to test trading signals before subscribing to them?
Most definitely yes. Make sure that the signals do work and are effective.
How do I choose a signal provider?
Consider the profitability, the list of instruments the signals are provided for and the risk level of the strategy.
Can I reject a trading signal?
Yes, you can. However, if the signals are provided as a part of copy trading with automatic closing of positions, you need to monitor the platform.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.