The cryptocurrency industry is expanding in all directions. These days, crypto platforms offer everything from trading services to lending and much more. Even with so much variety and innovation in all corners of the market, there is simply no other platform that offers the one stop shop for traders that PrimeXBT does.
This essential guide will carefully walk you through all the stand-out features and services that PrimeXBT offers that just aren’t offered anywhere else at all. We’ll also cover the must-have features that other competitors do include, but how PrimeXBT even takes those standard tools to the next level for novices and professionals alike.
Convenience Factors Become The Most Critical Thing To Consider
Convenience these days is almost as an important factor to traders than simplicity and depth. What good are easy-to-use or advanced tools if they come with limitations such as very few trading instruments to choose from or if the platform is lacking in other crucial areas?
The term convenience can mean a lot of things to a lot of different people, but PrimeXBT covers all angles. For example, there is a free mobile app for Android and iOS smartphones so users can manage positions from anywhere in the world, a live 24/7 support chat, and more than 50 different assets, all under one roof.
Convenience can be a critical factor in establishing loyalty with users, as whatever platform best suits their needs is where they will likely stay “ so long as they are also profitable. But PrimeXBT also packs in all the tools necessary to remain successful in the long run.
There are long and short positions giving traders complete control over the direction of markets and allow for strategic hedge positions which can protect capital and keep profits flowing. Advanced order types are offered, such as limit, stop loss, take profit, and OCO (one cancels the other).
But that is about where the buck stops in terms of what other platforms offer that PrimeXBT also does and does much better.
What PrimeXBT Offers That Competitors Can’t Compare To
The rest of the guide focuses on what competitors can’t match, such as built-in charting tools from TradingView, or the Covesting copy trading module.
What good are long and short positions if a trader must bounce from the trading platform to open charting software, then switch back to the platform to enter a position? Sure, several brokers now connect to top industry charting software tools, such as TradingView, but PrimeXBT takes this a step further and has integrated TradingView directly into the account dashboard.
Using the industry-standard technical analysis software allows users to understand better the trend in place, where resistance and support might lie, and where to place a stop loss.
Traders no longer need to log into several platforms at once, have multiple monitors set up, or more. Although PrimeXBT still offers multi-monitor support for those who juggle several positions simultaneously on the same site.
Not only that, PrimeXBT offers exposure to forex, crypto, stock indices, oil, gas, gold, silver, and more all under one roof, making the platform about as well-rounded as it gets. With so much opportunity in one place, there is always money to be made. The diversity allows more serious professionals to build a highly diverse trading portfolio across a variety of markets, traditional and digital.
Covesting Copy Trading Creates An Experience Unlike Anything Else
Exclusive to the PrimeXBT trading platform is the Covesting copy trading module, which allows experienced traders to become strategy managers and access the same tools and markets as regular users do, but with a big catch: other users can then follow such strategy managers and copy their trades.
To arm potential followers with all the intel necessary to pick the right strategy manager to follow, the Covesting module has fully transparent risk and success metrics that are updated regularly. All strategy managers are ranked by total profits, so followers can easily pick who will make them the most money the fastest.
A five-starr rating system is also in place to highlight safer traders for more risk-averse followers who prefer to protect capital versus growing it too aggressively. Followers can even build a portfolio of strategies of both kinds to keep some capital on the safer side and let a little ride with a riskier manager. The control is up to the follower, who can stop following or cash out at any time and even set a stop loss to limit unwanted drawdown.
PrimeXBT: The One Stop Shop For Traders
After digesting the intel in this guide, there is no denying that PrimeXBT is the best one stop shop for traders of all kinds, no matter the market they are interested in or their skill level. The wide range of tools designed for novices and professionals alike are available to anyone with a no minimum deposit to a secure cryptocurrency wallet.
Don’t sleep on what might be the most complete trading experience found anywhere on the internet, regardless of what market you are looking to trade.
