Forex Copy Trading | Bitcoin Trading Platform | Primexbt Exchange
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Welcome to our Forex Copy Trading Video!
What is PrimeXBT?
PrimeXBT is a margin trading platform founded in 2018, offering a range of assets including cryptocurrency, forex, commodities and stock indices. It only supports margin trading of assets using CFDs, so you cannot use PrimeXBT to actually purchase any cryptocurrency.
PrimeXBT is a great platform for a niche group – those that want to margin trade crypto, forex, commodities and stock indices using Bitcoin, Ethereum or a USD stable coin as the base currency. Here are the three best reasons to use PrimeXBT:
1) PrimeXBT offers CFD trading on 40+ cryptocurrencies, 50+ forex pairs, 11 stock indices, and commodities (gold, silver, oil and gas). The variety allows traders to diversify their portfolio with a range of assets, and the fact they have CFDs mean you can ‘go short’ on cryptocurrency which is not possible if you are buying the actual coin, as you do on most crypto trading platforms.
2) PrimeXBT is a margin trading platform, allowing users to trade positions that are larger than the amount they deposit, to magnify potential returns.
3) Copy Trading lets users passively trade by automatically following and executing the trades of successful traders. It enables investors to save time, as you don’t need to conduct fundamental or technical analysis. For new investors, it is particularly helpful, as it takes away any guesswork and possible mistakes made due to inexperience.
The main downside of PrimeXBT is that it is not suited to the majority of crypto investors. There is no spot trading – only margin trading with fixed leverage, and you cannot own the underlying asset. Also, you cannot deposit or withdraw fiat currency, and the platform only supports 40+ different coins. If you are interested in investing in cryptocurrency, a dedicated crypto exchange would be a good alternative to PrimeXBT.
Detailed user-interface perfect for experienced traders: PrimeXBT is not built for beginners, which is great news for advanced crypto traders. The platform is filled with useful chart options that are not found on many beginner-friendly crypto-trading exchanges, so you can conduct your technical analysis.
Mobile app for iOS and Android: PrimeXBT has developed an app for Android and iOS mobile devices so you can stay on track with your trades whenever and wherever you are.
I hope you found value in our Forex Copy Trading video. Make sure to leave a like on the video if you gained value from it!
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.
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00:00 – Forex copy trading Introduction
00:27 – Prime XBT Explained.
08:54 – Prime XBT Twitter.
10:36 – Recap.