1 review of PrimeXBT is presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
Registered on PrimeXBT because my friend recommended it as the fastest possible way to trade multiple markets with bitcoin (i wanted to short sp500 and few other indices). I checked the website and made some research online. The feeling was mixed (I spotted few negative reviews but mostly were positive) so I decided to check it out anyway.
Registration was smooth, it took me around 2 minutes to complete the signup. NO KYC! Which I really liked (especially after number of document leak cases etc)
Surprisingly to myself, I liked the interface and its features from the first moment. Turbo looks similar to binary options (similar to IQ options platform). I know that binary is a really risky thing, so I didnt use it and went to the trading platform itself. Primexbt offers a lot of instruments. Indexes, Forex, few major cryptos, commodities with high leverage! So it means that you dont need to keep a lot of capital on your account to trade big positions (its obviously risky but if you know what you are doing - you are fine)
So I went to deposit BTC. It was booked within 2 hours after 3 chain confirmations.
They have plenty of tech analysis tools, charts are almost as good as tradingview offers, lots of studies, technical indicators etc.
Execution is instant. PrimeXBT is STP broker (as they claim) so liquidity is sourced from multiple vendors.. so you wont have issues with the liquidity .. Even tough you dont have the orderbook (as many other exchanges offer) - you have very tight spreads and great execution instead.
I had several questions about the interface (I could not find how to adjust my existing order) so i tried their support - the reply was quick. I spoke with them couple of times in chat afterwards - they reply very professionally and fast. You can try out yourself and ask any question you like even before you deposit.
The only thing I really didnt like is that withdrawals are NOT INSTANT. They withdraw only once a day, probably for security purposes, but you wont be able to get your Bitcoin if you need it quick. Bear that in mind.
As for the rest - PrimeXBT is an awesome platform to trade variety of markets, settling your PnL in BTC and having anonymous account without any risk of being reported to tax authorities etc. Im using the account on daily basis now.. they had few minor downtimes but solved quickly 8.7/10
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