PrimeXBT
Questions & Answers

I guess Pxtrader is a more suitable choice because it offers an intuitive user interface that makes trading overall way easier than on MT5. Not many traders of a new generation know how exactly the MT5 works. So yeah, pxtrader is a good option to get started.

As far as I know it’s related to the trading volume you trade for the last 30 days. There is a threshold that you need to reach and after you qualify the next 30 days you trade with improved trading terms. For these 30 days your tier is locked, but once the month restarts, your account will be checked if you met the criteria to continue using the vip perks, get upgraded or get downgraded. So it’s kinda a thing you need to maintain; it’s not once-and-forget. I don’t trade huge volumes and the difference in the costs for me is not really big, but for those who trade high volume, it is definitely worth upgrading and saving on costs.

In a nutshell, this helps you to reduce exposure and allows you trade separately from cross mode.

You meant their custom trading app, or as they call it: the PXTrader. Look, the easiest way to answer your question is just to tell you to give it a try, test it. I’m sure it’s gonna be one of the easiest trading apps you have ever traded with. Srsly it is. Clean design and excellent functionality. Charts are powered by TradingView, so when doing tech analysis or looking for indicators, it’s much easier because you don’t need to learn anything new. Of course, if you have experience with TW. But even if not, still it’s much easier than binance for example. What i also like is that almost everything on the app is customizable, charts, screens, colors… everything. Plus, no need to download and insalatis you can use it as a web-based app and the performance is the same as you installed it on your device. I am really surprised why traders would choose to trade with MT5 when such a great app is already available at primexbt

Manually? You mean with market orders? You pay with taker fees broodie... It’s quite expensive to be honest, I don’t know why people are still trading with such orders, when the platform offers limit orders where we can pay less for maker fees. I personally never open market positions, only pending limits and that’s how I save some money avoiding high trading-costs.

I might be wrong on this one, but I have only seen this on crypto futures. For cfd trading, different type of margin allocation is used, and you can see the requirements in a pricing sheet.

Absolutely, why not? Primexbt is a multi regulated platform, which by default tells us that several financial jurisdictions believe in their trustworthiness and make sure to audit and check them every once in a while. If that was illegal, they wouldn’t get even a single one. When it comes to futures I saw several big brokers who have cfd assets and futures at the same time, BUT, those were futures mainly for indices, gold and etc, whereas here they give you the access to crypto futures. Yes, that’s some kind of a different which essentially makes them unique, but there is nothing wrong with that. I’m trading there both futures and cfd forex pairs (when London session kicks in). All in all, the experience so far is great man.