Trade Variety
I think it is one of the top notch crypto exchanges in the industry in my opinion. A prime example of this is the recent, highly publicized ban on crypto mixer Tornado Cash. Follow these tips for successful spot trading. These products are not suitable for all investors. While the app does send notifications for significant price changes in favorited assets, this is not as effective as custom alerts. It offers a robust and versatile trading platform designed to meet the needs of traders across various experience levels. Our human support team is here to help 24/7, in your language. PrimeXBT Cyber Monday sale generally runs for a full 24 hours before the promotions end, but some deals on primexbt. This may be a more prudent move as even the slightest amount of volatility can lead to an exhaustion of funds with 100x or 1,000x leverage. For example, a 2x Bitcoin token would offer traders 2x the volatility and exposure to movements in Bitcoin value. Pionex does provide services for US users but some services are restricted including leveraged grid bots, margin grid bots, and leveraged tokens. Therefore, we’ve decided not to include our usual rankings for PrimeXBT in this review. The most notable risk of copy trading is market risk. Scan the QR code with your device’s camera and get APK file. You are the only one who is responsible for the money you invest, and Bitcompare is not responsible for any losses you might have. Their XRP price analysis suggests. Artículos p contenido Préstamos bancarios y simply cooperativas de crédito Avant Advenedizo Existen. Switching markets and searching trading pairs on PrimeXBT is straightforward. Deposits in BTC only. PrimeXBT offers trading in crypto, commodities, Forex, and indices through CFDs.
I Don’t Want To Spend This Much Time On PrimeXBT Global How About You?
PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. Since PrimeXBT does not support LTC deposits, I transferred USDT using the TRC20 network. For more thorough analysis, browse the second, more extensive table which reveals all the main features, ranging from cryptocurrency exchange fees comparison to security comparison. This method effectively measures the capability of customer support to assist both active traders and casual investors. I was like, its over dudes, need to short. 05, driven by the growing demand for efficient Layer 2 solutions. If you encounter any challenges or have questions during the funding process, do not hesitate to contact Exness’s customer support. PrimeXBT operates in an unregulated gray area, lacking licensing from major financial authorities like the FCA or SEC. Therefore, margin trading is a double edged sword with potential for both outsized gains and losses. PrimeXBT does not offer investment advice, consulting, or portfolio management. Visit our Help Centre. However, the platform lacks spot, margin, bot, social, or P2P trading, which may be a dealbreaker. Given the nature of isolated margin, where only a set amount of funds are allocated to support a specific position, higher leverage would mean greater sensitivity to market fluctuations. When you compare both brands for security, both do a reasonably PrimeXBT IT good job. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. I found PrimeXBT to be a great fit for experienced derivatives traders, offering advanced trading tools and high leverage options. The bid price is the highest price that a buyer is willing to pay for a Cryptocurrency, while the ask price is the lowest price that a seller is willing to accept. Traders should also consider the security measures in place when making deposits and withdrawals. This is a kinda versatile trading platform.
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CFDs Contracts for Difference enable investors to speculate on price movements in Stocks without owning the underlying asset. To access it, navigate to ‘Hub’ and select ‘Referral Program. PrimeXBT’s user friendly interface, advanced trading tools, and commitment to security make it a reliable choice for traders. The platform provides CFDs for forex, indices, commodities, and cryptocurrencies, but this review focuses on Crypto Futures. So, in this context, Stellar is worth buying. The process generally involves. Engaging in trading through PrimeXBT, whether by following, copying, or replicating the actions of other traders, carries significant risks, including those associated with following or copying traders. We shall delve deeper, just give us a few seconds. Among the disadvantages, we would like to point out that the withdrawal of funds is not round the clock, there is a small selection of cryptocurrencies in which you can deposit and withdraw, as well as the fact that the Personal Cabinet and a number of training materials are available only in English. Reply from PrimeXBT Copy Trading. You can transfer your Reward amount to any of your trading accounts at any time by clicking ‘Redeem Rewards’. General Disclaimer: The Money Mongers is an independent think tank on the subject of cryptocurrencies and our owners, writers or other contributors may or may not have a vested interest in any of the project mentioned on The Money Mongers. You can also sort markets by name and 24 hour change. Trolling, in all its forms, will lead to a suspension or permanent ban. Margin accounts enable leveraged trading. While it offers two factor authentication 2FA to enhance account security, several factors raise concerns about the platform’s safety and reliability. A trade on the GBP/USD CFD contract has a margin requirement of 0. Trade over 30+ assets: Crypto, FX, Commodities and Indices CFDs with up to 500x leverage on a fully customizable trading platform. The acquisition of the FSCA license and the upcoming launch in South Africa are another step in PrimeXBT’s journey of expanding its global footprint while ensuring regulatory compliance and transparency. It’s essential to compare fees among the best crypto exchanges to find one that offers competitive rates. Conclusion: Although the interface and functionality of PrimeXBT may seem complex at first glance, the exchange provides a good opportunity for gradual immersion into the world of crypto trading. Risk warningBefore engaging with this website and the services made available through it, you should read all relevant Terms and Conditions, policies, and accompanying documentation which govern the Terms of Use of all PrimeXBT products and services. 💼 AML Compliance: PrimeXBT follows FATF guidelines, employing Bitfury’s Crystal software for real time blockchain monitoring. It is necessary to understand that it is quite difficult to predict events for 1 2 3 5 years ahead, because many different events can happen in the world. This website is owned by Stack Advisory PTY LTD, a company registered in South Africa, with registration No. Unlike Binance or Bybit, you can’t filter by category, but given the limited number of markets, this isn’t a major issue. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. 2024 00343, having its registered office address at PKF Corporate Services Ltd. Always ensure you manage your balance and bonus effectively.
PrimeXBT Design and Usability
However, the price is still some way from its record high of $4867 in 2021. These products are not suitable for all investors. To receive max rewards, encourage your referrals to invite more folks. Technical analysis is a methodology utilized to make sense of an asset’s anticipated long term value and growth prospects by examining chart patterns, trend lines, and other signals instead of statistics and data. To start trading on PrimeXBT, you need to create an account. Here’s why PrimeXBT is a top choice for crypto trading. If you do not understand the risks involved, or if you have any questions regarding the PrimeXBT products, you should seek independent financial and/or legal advice if necessary. This article will break down these concepts, providing valuable insights for both new and experienced traders in the cryptocurrency market. Curious about PrimeXBT’s legitimacy or how quickly you can withdraw your funds. We’re here to help you. Deposits are free, but there are withdrawal fees for cryptocurrencies. They have developed their own trading technology, making the platform robust with plenty of key features. In the ‘Margin’ page, select the appropriate margin account, enter the promo code, and click ‘Activate’. 3 billion fine for failing to comply with AML regulations. From 11 December 2023, all the way to 11 January 2024, all PrimeXBT clients can benefit from an amazing 20% Deposit Bonus. Post articles and get them viewed, discussed, and shared in one of the most active cryptocommunities. You will then find your bonus — 7% of your first deposit up to $7,000 — credited as a reward in your trading account. Risk Warning: Trading in leveraged products carries a high level of risk and may not be suitable for all investors. Nobody begins a road trip without first consulting a map. For those using the mobile platform, biometric authentication like fingerprint scanning or FaceID is available, while desktop users must rely on entering their password each time they log in. Please report any and all suspicious behavior, possible phishing attacks, fraudsters, and imposters to our 24/7 support team at. Understanding how margin works is crucial. Traders and investors alike resort to performing technical analysis when studying the market to understand the current conditions and to. The desired amount will then be credited to the bank account linked to your Zengo wallet. Deposit Purchase crypto via bank card or transfer via third party companies. These products are not suitable for all investors. Active users across the world. Learn more about Baksta’s Legal Terms.
Download PrimeXBT App
As a decentralized exchange, PancakeSwap will never ask you for personal details and there’s no KYC necessary. Com App in certain jurisdictions due to potential or actual regulatory restrictions. Follow these tips for successful spot trading. PrimeXBT is serious about following the rules and making sure its actions match global financial regulations. But they are also heavily influenced by market movements and that is what makes the last two centuries interesting times to look back over for a forecast into the future. This minimized my losses and still only cost 0. If there is a match here we go. Plus, they encrypt all the information passing through their website, so it’s like sending your secrets in a secret code that only the intended recipient can understand. The crypto market is notoriously volatile, and a trading plan can help you stay ahead of this volatility. Indices: You can open long and short positions to profit from both rising and falling markets, and trade indices like the SandP 500, the NASDAQ 100, NIKKEI 225, ASX 200, and many more. Whether you’re in the US or elsewhere, it’s important to know if you can use PrimeXBT without any legal hiccups. At current levels, that’s more than a 200% return on investment. When the market does recover, Cardano could be on track to take out $10, and re enter price discovery with no real resistance to speak of. It may take months to develop a good trading plan if you’re new in the markets. The Cryptocurrency reached an all time high above $73,000 in January after the approval of Bitcoin exchange traded funds ETFs resulted in an increase in institutional investment. It’s great that you’re also conducting your own analysis to complement the insights we provide. Because in October of 2023, the price of Ethereum was $1,815. Attend exclusive PrimeXBT events, network with other clients and learn new skills. To get started, choose traders based on their performance, which is displayed over various timeframes. Emotional trading in a margin account has led to massive losses for some traders. In order to withdraw funds from your cryptocurrency exchange account, you need to submit a withdrawal request from your Personal Area. This includes all the central support services provided from Norbrook to each of its portfolio companies – Finance, Accounting, HR, Logistics and Administration. When speaking of margin and futures trading, Binance Futures started later than PrimeXBT in 2019. A stop loss order is perhaps one of the most widely used types of stop orders in trading.
Price Charts
This means users can trade safely and follow the rules in a trusted environment. Find out how we combat fake reviews. Indicated that the app’s privacy practices may include handling of data as described below. While it does have some limitations, its unique offerings and strong performance make it a worthwhile consideration for seasoned traders seeking more. However, depositing or withdrawing fiat currency will require KYC identity verification. Everytime my trade was in profit the spread widened until I got back to + 0 again. All in all, PrimeXBT appears to be a very well rounded trading platform. However, the absence of custom price alerts was a notable drawback. PrimeXBT supports a wide range of cryptocurrencies, including major coins like BTC, ETH, and LTC; leading meme coins such as DOGE and SHIB; and popular coins including TON and SOL. PrimeXBT was launched in 2018. The Role of Crypto Exchanges on the Digital Assets Market Cryptocurrency exchanges play a crucial role in. It has gained popularity for its crypto margin trading capabilities. PrimeXBT ensures that.
Managing risk
12 milliseconds, reflecting a commitment to executing trades promptly. Com are valid all week. If it does break above there, and others like Bitcoin and Ethereum are doing well, it could lead to the next bull market. Here’s how you can find and make the most of these bonuses. The term “crypto passive income” describes revenues from cryptocurrencies that are obtained without actively participating in day to day trading or investment activity. Based in San Francisco, California, Kraken is a cryptocurrency exchange established in 2011 and. For unverified users, you’ll have withdrawal limits of 5 BTC per 24 hours. Users can also earn fees by providing liquidity to trading pools. As the native token, POL ex MATIC is used to pay fees for transactions, secure the network through staking, and participate in governance decisions. Now, if the Crypto actually reaches the $10. Central banks will either try to stimulate growth or slow it down to keep a balance and sustainability to the economy. PrimeXBT’s tiered account structure ensures that traders of all levels have access to the tools and resources they need to succeed. The principal offices of PXBT are located at IMAD Complex, Office 3, Ile Du Port, Seychelles. It’s always important to read and understand any documentation relating to services you want to use before doing so. These risks encompass the possibility of basing your trading decisions on the activities of traders who may lack experience or knowledge, or those whose goals, intentions, or financial conditions may not align with your own. PrimeXBT clients have access to margin trading leverage, which allows them to increase the volume of transactions at the expense of borrowed capital. This feedback is never shared publicly, we’ll use it to show better contributions to everyone. 🔝Best for: Traders who want fast crypto exchanges. I believed that their primary focus was on crypto, as I had been trading these assets and found the terms appealing. High ratings globally.
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The file is verified secure by PrimeXBT. However, we conducted a trading test and provided a detailed review based on our firsthand experience for those interested in the trading experience. Prime XBT Trading Services, S. It’s cool that you can trade rather risky crypto features, pay quite small taker/maker fees, and also get access to global markets for risks offsetting purposes. The file is verified secure by PrimeXBT. The file is verified secure by PrimeXBT. An investor wants to take out a position size of one Bitcoin back when the cryptocurrency was trading at $10,000 per coin. For optimal trading, it’s recommended to use the web app for detailed analysis and the mobile app for monitoring positions and executing quick trades. The app is ideal for active traders who need comprehensive control over their trading activities and a detailed overview of market trends. This makes it possible to profit from trading cryptocurrencies even in a falling market. Considering its features and risks, PrimeXBT stands out for experienced traders but may not be the best choice for those new to trading or risk averse individuals. When you leave a comment on this site, it will not show up until a Bitcompare administrator approves it. Lido Staked Ether STETH.
Step 3: Withdrawal and Review
Using the more modest price target, XRP could still potentially reach $23 per coin. To make money on PrimeXBT, engage in strategic trading by analyzing market trends, utilizing available tools, setting risk management strategies, and staying informed about market developments. Returns or profits may be subject to capital gains tax. After all, it is impossible to do a XLM prediction without understand the market itself. This section will discuss the impact of regulations on traders and how PrimeXBT supports its users in navigating these challenges. With its extensive range of assets, innovative features, and robust security measures, it offers a comprehensive solution for those looking to diversify and maximize their trading potential 📈. OpenPeer is a decentralized peer to peer exchange built on EVM networks like Ethereum, Binance Smart Chain, and Polygon. To use PrimeXBT, visit the official site, create an account, verify it, deposit funds, explore the platform features, and start trading in various markets with available tools and leverage. While optional KYC is beneficial for users who prefer not to share their personal information with third parties, KYC is essential for adhering to Anti Money Laundering AML regulations.
Trading platforms Comparison with competitors
Make your Crypto work for you by using it to trade 100+ markets on our platform. Here are some key benefits. The next part of this article will cover the verification process in detail, including the steps required and the benefits of completing each level. It is only possible to make deposits and withdrawals in Bitcoin. You can deposit Crypto including Bitcoin BTC, Ethereum ETH, Tether USDT and USD Coin USDC. Crypto Futures and CFD Services on our inhouse platform are offered by PrimeXBT Trading Services Ltd PrimeXBT, a company incorporated and existing under the laws of Saint Lucia, with Registration No. A company incorporated in St. 272 Fib extension once again would result in a high price of over $200 per XRP. However, limit orders can be a disaster if the actual price isn’t hit. However, please note that the amount should exceed the withdrawal fee for the asset you wish to withdraw. Since PrimeXBT’s inception, services have been restricted to users or residents of a number of countries globally. Engaging in trading through PrimeXBT, whether by following, copying, or replicating the actions of other traders, carries significant risks, including those associated with following or copying traders. I saw this platform online,and hope to try it,am a professional trader with limited capital. The deposit may take a bit of time to show up in your account due to the fact that the crypto will require confirmations on the blockchain network before they are deposited into your account. The crypto KYC process does not equate to crypto transaction monitoring. With a brokerage, however, there is no “other person” you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. But to me, being able to start with 10 USD, using VOLET means a lot. Get access to a wide range of trading, investing, and Crypto services from a single app. As you can see, caution is necessary. We’re here to help you navigate the markets and ensure your trading experience with us is positive and successful. This is where the concept of margin comes into play. It serves clients in over 150 countries and has over 100 trading assets available. The PrimeXBT user interface is easy to navigate, helping users get around quickly. For example, using limit orders to take advantage of lower maker fees can reduce overall trading expenses significantly. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. Also, the UI is pretty shitty compared to other exchanges outside the US. Referral Program: PrimeXBT’s referral program allows users to invite friends and earn a 20% commission on the trading fees paid by referred users. When choosing between Cobinhood and PrimeXBT, consider your level of trading experience and the type of interface that best supports your trading activities. If you’re looking for alternative trading platforms to PrimeXBT that have working API access for traders, worry not. If anything, bear markets tend to be wherePrimeXBT finds its most user growth, in contrast to most crypto exchanges.
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Choosing the right platform depends on your trading goals and the types of assets you wish to trade. $2,000 by bank card. Some platforms, like PrimeXBT and dYdX, have established partnerships with leading security firms to ensure the safety of users’ assets. PrimeXBT, established in 2018, is an online trading platform that provides advanced financial technology to traders worldwide, helping them maximize market opportunities. The difference between Cardano and other “challenger coins” or altcoins as they are more commonly called is that it’s not only a virtual decentralized currency, but it is also a network that offers many of the features Ethereum’s blockchain network offers, like smart contracts. Orders can be rejected Primexbt for numerous reasons, such as available margin being insufficient or markets for the selected instrument being closed, etc. The platform lacks niche tokens or memecoins and does not have a launchpad or new project area, making it unsuitable for traders who want to trade the latest tokens. The « Holy Grail » is the idea of Dogecoin reaching $1, but that is more likely than not to be a « pipe dream. Crypto futures are derivative contracts that let you speculate on cryptocurrency prices. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. 306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. Bitfinex Trading Products:Derivatives, spot market. Thank you for choosing PrimeXBT and happy trading. The deposit duration depends on network confirmation but keep in mind that PrimeXBT processes all withdrawals only once a day, between 12:00 and 14:00 UTC so it will probably take longer than a normal BTC transaction. Best regards,The PrimeXBT Team. PrimeXBT agrees to provide services subject to the client not being a user or a resident of a restricted country, which includes. It contains detailed information about your Trading account, including trades, fees, financing, and transfers that affect account’s Balance. 023% for longs, and 0. Leverage trading amplifies both profits and losses.
Coinbase Account Safety Warning and Tips: Ditch SMS 2FA Now!
Bitcoin is holding steady on Wednesday at 93. The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. This feature is appealing to users who prioritize privacy and wish to trade anonymously. To simplify, let’s say that Bitcoin trades at $50,000. These features aim to improve the trading experience, but their real world effectiveness remains to be assessed as we explore further. Avoid this exchange altogether. The PrimeXBT mobile app offers all the functionality of the desktop version, right in the palm of your hand. Regulatory developments can have a significant impact on the Cryptocurrency industry. The transactions made with cryptocurrencies happen on the blockchain. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. 2 months ago 201 views. In order to do this, you will need to provide them with an email and password. However, some training opportunities are available here. For example, the minimum order size for Bitcoin BTC trading on PrimeXBT is 0. Many users love the platform for its variety of trading options and reliable legal regulations. While PrimeXBT has maintained a strong security record with no history of hacks, the platform’s limited transparency regarding customer funds and leadership structure raises some concerns. PrimeXBT offers a diverse range of assets, including cryptocurrencies, forex, commodities, and indices. @official forex management page. By clicking Continue to join or sign in, you agree to LinkedIn’s User Agreement, Privacy Policy, and Cookie Policy. Holds a Bitcoin Services Provider BSP license issued by the Banco Central de Reserva BCR, with registration number 66d10393e8a00a3181b8e457. By 2021, Dogecoin price launched for the moon, giving birth to several other Shiba Inu dog meme coins. Traders give the platform’s dark theme positive reviews, especially for late night trading sessions, highlighting PrimeXBT’s attention to aesthetic detail. However, depositing or withdrawing fiat currency will require KYC identity verification. While most exchanges don’t support withdrawals to a bank card, PrimeXBT does offer this option but charges a 5% fee, making it unsuitable for large withdrawals. Check out our Welcome Bonus FAQs here. Even so, Binance has set itself apart by offering an insurance fund for user assets. The number of crypto assets is very limited, with only 5 choices Bitcoin, Ethereum, Litecoin, EOS and Ripple’s XRP but they’ve recently introduced fiat currencies and a few indices.
Worse
According to recent updates, they’re planning to reduce some of these fees even further. Date of experience: November 22, 2024. The occurrences in the global market tend to affect the prices of cryptocurrencies and the entire financial sector in general. Our website uses cookies. PrimeXBT does not accept clients from the jurisdictions listed in the Restricted Jurisdictions List. Actual Crypto Currency Services are provided by Baksta UAB Baksta, a company incorporated in Lithuania with Registration No. PrimeXBT allows direct Fiat deposits to CFD trading account by automatically funding the trading account when a deposit is made to the wallet. Holders of the COV token receive a lot of benefits on PrimeXBT. Click Download and confirm the file download if you see a warning. Ripple’s primary goal is to enable financial institutions to send money globally, instantly, and at a fraction of the cost of traditional methods. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. The Covesting module, in particular, is often highlighted as a valuable feature that allows users to follow and replicate the trades of successful traders, making it an attractive option for both beginners and experienced traders alike. We may include partnership links, but they don’t affect our ratings or recommendations. Each of these eras is centered around a set of functionalities that the blockchain will see introduced. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. Founded in 2018, it currently serves more than one million customers from different countries. In that case, at the end of the 28th day, Kraken will automatically liquidate your position without notice. In my experience, PrimeXBT’s desktop platform delivered a smooth and reliable trading experience. The file is verified secure by PrimeXBT.
Worse
PrimeXBT’s trading fees for crypto futures are among the lowest in the industry, following a Maker Taker Model. The platform’s adherence to KYC and AML standards where required, along with its commitment to transparency, allows users to trade confidently and securely across multiple markets. For more information about our KYC and AML policies, click here. This way, you can improve your returns and achieve the same returns as the leading traders on the platform. Like other providers Blockchain Sparrows also offer trading in the form of videos, live online lessons, articles, Webinars and face to face education in select locations. PrimeXBT is an excellent cryptocurrency and crypto futures trading platform for traders who are looking for a way to use Bitcoin BTC, Ethereum ETH, and stablecoins USDT/USDC, or fiat accounts as margin collateral to trade cryptocurrencies and traditional markets. At PrimeXBT, we’re committed to giving you quick access to multiple markets. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. While depositing and withdrawing to a bank card is convenient, it may incur conversion fees. In addition, you’ve defined that you want the RSI to return to normal conditions before placing a trade and that there should not be any important market news scheduled for the day that could ruin your trading idea. Returns or profits may be subject to capital gains tax.
Unlocked: Crypto Handbook!
These fees are typically a small percentage of the trade value and vary depending on the type of asset being traded. In addition to cryptocurrency deposits, PrimeXBT also supports fiat deposits through various payment processors. Copy trading is a feature that allows users to replicate the trades of experienced traders. Past performance is not a reliable indicator of future results. 01% for makers and 0. Shiba Inu should probably be one of the smallest asset allocations you have because of the massive amounts of volatility. Otherwise, all details are kept private at all times. As an STP broker, we receive quotes from a large pool 12 of liquidity providers and automatically arbitrage between them to offer the best currently available prices. For PrimeXBT commodities, traders can trade popular items like oil and gold. The perceived value of Chainlink, influenced by factors such as community sentiment, media coverage, and partnerships, can impact investor confidence and market dynamics. A bullish or bearish trend does not necessarily happen within a long timeframe. However, Polkadot helps developers build their blockchains and integrates them. Crypto Futures and CFD Services on our inhouse platform are offered by PrimeXBT Trading Services Ltd PrimeXBT, a company incorporated and existing under the laws of Saint Lucia, with Registration No. It’s a great way to learn from others and get better at trading. This includes stocks, currencies, indices, and commodities. According to primexbt reviews, this platform is a prominent one. 50, the trader would not fire off a sell order of any shares until the price is $12. PrimeXBT is known for its advanced trading technology. However, there were a few areas of disappointment. Their initial investment is magnified by the platform, to help them to make larger trades. In our opinion, the lack of round the clock withdrawal can create certain inconveniences for clients, and this is a disadvantage of this exchange. “Leveraged Products”: These are Derivative Products available on the Trading Platform, categorized for informational and marketing purposes, including but not limited to CFDs and Forex. If you do not understand the risks involved, or if you have any questions regarding the PrimeXBT products, you should seek independent financial and/or legal advice if necessary.