PrimeXBT Journal

Journal status: live
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PrimeXBT Profile
Website
Year
2018
Country
SVG
Branches
3
Regulation
not regulated
Registration
FSA SVG
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
х Algeria, American Samoa, Canada, Cuba, Ecuador, Iran, Israel, Japan, North Korea, Russia, SVG, Sudan, Syria, US
Broker type
MM, DMA
Dealing book
A+B hybrid book, A-book
Tier
3
Execution speed
7.2 ms
LPs total
12
LPs quality
Tier-1 Banks
LPs names
...

PrimeXBT Accounts
MM
DMA
Minimum Deposit
1 $
1 $
Leverage
1000 : 1
1000 : 1
Minimum Lot
1 lots
1 lots
EURUSD spread
0 pips
0 pips
Commission
0.2 $/lotRT
0.2 $/lotRT
Volume
Unlimited
Unlimited
Margin Call
100 %
100 %
Stop Out
...
...
Execution
Market
Market
Spread
floating
floating
Scalping
yes
yes
Deposit & Fees
Deposit methods
Bitcoin, Ethereum, Tether, USD Coin, Covesting
Base currency
BTC, ETH, USDT, USDC, COV
Segregated accounts
yes
Interest on margin
yes
Inactivity fee
none
Update broker

Is PrimeXBT safe?

  • Investor protection: no
  • Regulation: not regulated
  • Registration: FSA SVG
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: yes

Is PrimeXBT trusted?

  • Information transparency: high ★★★★★
  • Customer service: prompt, helpful ★★★★★
  • PrimeXBT website: semi-detailed, updated ★★★
  • PrimeXBT popularity (by visitor count): top visited ★★★★★

How PrimeXBT works



Where do you get your prices for currencies?
We act as an STP broker to ensure fast order execution and excellent liquidity for traders. As an STP broker, we receive quotes from a large pool (12) of liquidity providers and automatically arbitrage between them to offer the best currently available prices. Thus, the pricings for Cryptocurrencies provided on PrimeXBT will vary in accordance with the pricings across the exchanges from which liquidity is aggregated. CFD and FX feed come from a partner company (feed aggregator) which sources liquidity from multiple providers such as prime brokers, banks etc.


Negative Balance Protection
As a reputable platform PrimeXBT always aims to provide the best possible conditions for our clients. As a precautionary measure to ensure maximum reliability and safeguard our clients from various unpredictable market factors, we offer Negative Balance Protection via our insurance fund. Negative Balance Protection insures that, should trading account balance become negative, it will be restored to 0.


4.10. You agree that PrimeXBT is the only execution venue in relation to your Transaction, Orders and other trading activity under this Agreement. Although we may transmit your Orders for execution to third-party liquidity providers, contractually we are the sole counterparty to your Transactions.


2.2. Leveraged products are traded off-exchange (or Over-the-Counter (‘OTC’)); this means PrimeXBT is at all times the counterparty to the Client trades and any trades entered into with the Company, can only be closed with us. Your ability to open and/or close trades is dependent on the availability of our service.

9.1. You acknowledge that PrimeXBT may act as a Market Maker for certain leveraged products. You acknowledge that PrimeXBT, when acting as a Market Maker, may quote you bid and ask prices.



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