PrimeXBT Questions & Answers

Enough complaining here. Lost £20000 to this platform and I Made my complaint via Gl0balreclai m. 0 rg, they helped me retrieve everything

Understanding margin is one of the most complex things for trades, so don't worry if you didn't get its specifics at first. I will try to simplify it for you. Those are two different approaches to managing positions, or in general, managing the whole margin on your account. The Cross margin, as its name suggests, is when the whole margin available on your trading account is shared across all of your open positions. The approach is suitable for those with a higher risk appetite since in this case tha platform is using the whole available margin to maintain the positions. On the flip side, the isolated margin allows you to allocate a specific amount of margin to each open position. This means that you can limit the margin that one position can use from your account, and limit the exposure. Isolated margin is a great tool in risk management, and it is used by those who like more conservative approach to trading.

I guess... there's nothing super-duper surprising in this fact, but it's undoubtedly very convenient to trade several assets within one platform and one account, For sure, I more about crypto trading, but sometimes, as I am the one who kicked off in trading sphere with forex pairs, I can run a quick analysis on major pairs to find entry point, open a position and set SL and TP. But i am more into crypto... so i don't even trail the SL on forex majors, if TP triggers - good, if not - not a biggie.

Yes, I tried copy trading with PrimexBT and the experience was quite positive. It makes it easier for beginners to enter the trading. By copying the trades of expert traders, I was able to benefit from their knowledge and experience. Of course, as with any investment, there are risks, but with the right strategies and a careful attitude, this method can be profitable. In short, it was an experience worth lighting the candle.

Hm...you made me think...As I know only some regions of the world have their special regulatory requirements, if not mistaken they are: USA, Europe, UK, Japan, Australia...I heard that South Africa and UAE have their own regulatios too, not sure. Now as for PrimeXBT, I know they are well-regulated, but details I dont know, I also read somewhere that from some countries it is impossible to access their services. I think you better contact official representative of the firm.

Well, i dont understand what you mean by every crypto? If youre referrring to every single cryptocurrency that has ever been made and can be traded, of course you cannot do that anywhere in the world. But if youre asking if you can use leverage on every crypto there is on the platform of primexbt, yes, you can do that. And they have a pretty wide selection of cryptos too, so youre covered