PrimeXBT is an award-winning broker that offers a variety of financial instruments under one roof. Among these instruments, is forex trading, considered the highest esteemed sub-sector due the reliable technical signals and deep liquidity.
Forex commands more trading volume than stocks, crypto or any other market, and the assets involved in the foreign exchange market – national currencies – are some of the most important in the world.
Here’s why you should choose PrimeXBT for forex trading, crypto and more, over the rest of the competition.
Reputation, Industry Awards, And The Best Forex Broker
PrimeXBT’s reputation speaks for itself. There’s never once been a hack or intrusion of any kind, the customer service support team is always available via live chat, and the client-focused approach is evident in all of the products and services.
The steady base and strong foundation built early on allowed that reputation to spread, and eventually earned the platform several industry awards that are the best reason of all to consider the broker.
Among the awards received, PrimeXBT was honored by the Forex Awards as the Best Crypto Trading Platform, the Best Crypto and Forex Broker, and the Best Crypto Trading App. In addition the prestigious ADVFN awarded the company with a nod for Best Bitcoin Margin Trading Platform.
Information For Forex Traders To Become Their Best
Beyond these obvious ways the platform has been recognized, several crypto influencers have spoken publicly about the platform’s customer service, which is head and shoulders above the rest of the industry according to an unadulterated organic peer review.
Going past the normal call of duty, there’s also a massive help center filled with all kinds of tips and useful knowledge about how to take advantage of all the platform has to offer. A company blog is also offered with FAQs, information about upcoming products and services, and trading guides. For example, “what is forex trading and how does it work”?
Copy Trading And DeFi Products For Forex Alternatives
Services include partnerships with Covesting, a licensed DLT developer. The Europe-based partner licenses its innovative copy trading module to PrimeXBT. Currently, PrimeXBT is the exclusive home to all Covesting products, such as the copy trading module and the upcoming Covesting Yield Account system. The new tool is planned for a Q3 2021 launch and is another way anyone can build their capital.
Covesting Yield Accounts are an APY-generating tool that connects users with top DeFi protocols. Using these protocols, tokens can be staked – or locked up – in exchange for reward incentives in the form of a variable APY. The entire Covesting ecosystem and experience can also be enhanced greatly with the COV token, a utility token that enhances accounts with a variety of benefits.
Margin Trading And CFDs While On The Go
Outside of the Covesting module the platform’s main advantages are available to anyone with a free registration and no minimum deposit for margin accounts. Margin accounts allow traders to access long and short positions on more than 50 different CFDs all under one roof. Stop loss protection orders keep losses to a minimum and capital safe, while custom take profit orders maximize the profitability of every position significantly.
Traders can manage these positions anywhere they go, from anywhere in the world, all for free using the PrimeXBT mobile app for Android and iPhone smartphones. It is offered to all users at no cost via the Apple App Store and Google Play Store. A four-level referral program, an engaging social presence, and a much more round out experience that keeps on getting better in time.
Forex Currencies, Crypto, Commodities, And Stock Indices
With this guide focused on forex, it deserves the most time in the spotlight on the list. PrimeXBT includes all major and minor trading pairs of all the most traded currencies in forex. Along with the forex and an always growing list of minors, several exotic trading pairs are also offered from emerging markets.
Crypto CFDs like Bitcoin, Ethereum, Litecoin, EOS, and Ripple join commodities oil and natural gas as well as precious metals silver and gold. All major stock indices such as the S&P 500, Nasdaq, Dow Jones, DAX, FTSE, Nikkei, and more are listed with the list growing by the day.
Technical Analysis Tools For Forex Trading Strategies
Built directly into the PrimeXBT dashboard is a full suite of charting tools from the technical analysis software industry standard TradingView. In addition to letting traders draw trend lines, plot support and resistance and much more, there are dozens of indicators to take advantage of.
Technical indicators offered as part of the package for free include the MACD, Bollinger Bands, Ichimoku, Parabolic SAR, and many more. Using the tools traders can look for confirmations and signals before developing a trading plan. It also can help with understanding stop loss placement and assist with risk management.
Top Quality Reliable Trading Infrastructure
The trading infrastructure is second-to-none and keeps slippage to an absolute minimum. Orders execute at the price a trader wants, when they want it to. Liquidity is provided from a variety of courses to ensure a smooth experience always, and the system itself boasts more than 99% up time.
Accounts are secured with account level encryption, two-factor authentication, address whitelisting, and bank grade security measures. The infrastructure is ironclad and has never been hacked or suffered any outages. Deposits and withdrawals are simple to initiate, and there’s a deep reporting section that contains past transaction data for accounting purposes.
Summary: Why PrimeXBT Is The Best Forex Broker
The platform won an award for Best Bitcoin Margin Trading, but a recent PrimeXBT V2.0 upgrade expanded the margin account currencies to include ETH, USDT, and USDC. Support for the ERC-20 COV token was also included in the update for Covesting users.
The new margin account currencies are the latest step in the company’s commitment to providing its clients with the best in class tools and products. By relying on stablecoins USDT and USDC as base account currency, traders aren’t impacted by crypto market volatility like they would be with BTC or ETH.