The exchange intermediary PrimeXBT tells about new heights that a trader registered with it will be able to reach. He describes the glamorous prospects for cooperation, but can such loud promises be believed? As practice shows, not all participants of the world market fulfill their obligations well. Some firms are engaged in criminal fraud, and it will be useful for a market player to learn the key differences of a conscientious broker.
Characteristic features of an exchange intermediary
The firm has a banal website, which can attract only beginners. On the pages of this web portal there are general phrases, completely devoid of uniqueness. At the same time, really important information is missing on the pages of the Internet resource. It seems that the office does not plan long-term cooperation with its clients. It describes some advantages, but omits information about the creators and legal documents. The PrimeXBT brand appeared relatively recently – in 2018. From the first day of its work, it has developed exponentially. At the moment, the project serves traders from 150 countries. It provides access to high liquidity and a wide range of trading instruments. The market player is offered absolutely safe platforms and effective trading environment. All this sounds very good, but what happens in reality? In fact, clients of the office write negative reviews, describing the shortcomings of the brokerage system. They talk about the low level of liquidity and low-quality services. The firm guarantees a reliable platform for all participants. It provides services for both professional traders and beginners. Every trader allegedly gets highly reliable market data and better performance. The broker infrastructure is designed in such a way that it can handle a large number of orders per second. It is ready for extreme loads and therefore facilitates ultra-fast order execution.
How does the office provide training?
On the official website of the project, there is an Academy where you can get training. The company talks about a single platform where you can trade cryptocurrency and get new knowledge. A newcomer gains access to specialists with years of experience. He can view materials located on the PrimeXBT platform:
- In-depth analysis from experts. Experts discuss the current situation and talk about how to turn market conditions into profitable trades.
- Trading platform guides. Traders are encouraged to get the most out of the brokerage system. Specialists will tell about the functions that will help to realize even the most daring strategies.
- Trading courses will provide an opportunity for earning on price differences. A beginner will get a clear guide to action and master the basic principles for working on the international market. This information will allow you to reach a new level of earnings.
It is worth noting that the firm promotes the training of its traders. It provides educational materials, with the help of which you can significantly increase the level of earnings. Despite this, market players talk about the extremely low quality of brokerage services. They claim that the trading platform is fake and does not allow earning.
How do trading contests take place?
A market player is encouraged to take part in trading contests and win real prizes. A trader can use virtual funds to compete with other traders and win generous rewards. To start, you will need to join the brokerage system and activate a demo account. Next, the stock player must demonstrate his high professional level by improving performance statistics and making profitable trades. By defeating other traders, the participant will receive valuable prizes. On the firm’s website, you can choose a competition and start market trading. The client does not risk his own money, but can enrich himself on his professional skills.
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What reviews write about PrimeXBT?
If the company used to allow you to earn quite well, then recently it has deteriorated a lot. Withdrawal began to be delayed, and the trading system in every way prevents the realization of profitable transactions. The firm provides poor service and extremely low liquidity. Incorrect rates appear on the platform, and therefore it is almost impossible to earn on it.
The firm calls itself international, but you should not make hasty conclusions. The check showed that the company does not have any documents. It does not provide real brokerage services, but makes up its merits to attract potential depositors. The trading platform is a fake, on which it is impossible to make money.
The pseudo-broker is not able to provide a high-quality terminal. Errors occur while working on its platform. The brokerage system rejects potentially profitable transactions. The market player contacted technical support, the consultant pointed out a possible technical failure. A company employee canceled the deal, but such software problems make one wonder about the quality of brokerage services.
Who is PrimeXBT? A scam or a broker?
The stock exchange intermediary does not fulfill its obligations at all. He makes loud promises that remain empty words. Checking has shown that PrimeXBT is a typical scammer. It takes away clients’ money and offers its traders problematic platforms. It is impossible to make money with this company, so we do not recommend wasting your time on a suspicious project.
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