PrimeXBT is a platform for traders of all walks of life, skill levels, and even capital sizes or financial goals. However, the platform provides the most value to professional traders who know how to get the most out of markets and the resources available to them.
In this article, we have outlined the top five reasons why PrimeXBT is the best platform in the market for professional traders seeking to build their capital. After reading, you’ll be convinced of its potential and understand why it is one of the fastest-growing trading platforms around.
100+ Trading Instruments
When considering a trading platform, the first thing any trader looks at is which assets are available to trade. PrimeXBT got its start as a Bitcoin margin trading platform, but since its inception has expanded to include a wide range of cryptocurrencies that keeps growing, as well as a plethora of traditional assets.
Cryptocurrencies now feature coins from prominent and popular industry sub-categories like DeFi, GameFi, Metaverse, meme coins, and more. Stand out cryptocurrencies from the list include Ethereum, Solana, Dogecoin, Cardano, and others. More recent additions featured Shiba Inu, Axie Infinity, The Sandbox, and Decentraland.
Outside of crypto, the world’s more important geopolitical commodities are offered, such as natural gas, oil, gold, and silver. There is also a wide range of major, minor, and exotic forex currencies, and all of the most popular stock indices. Best of all, these trading instruments are available all under just one roof from a single award-winning account.
Long And Shorts On Leverage
Near-perfect portfolio management becomes possible with the total flexibility of long and short positions on such an assortment of trading instruments. Using these powerful trading tools, traders can take advantage of volatility in any direction the trend takes us. Advanced order types like stop loss and take profit orders lets users set an order and safely forget about it.
Another essential part of the toolset is leverage. Leverage lets traders keep risk to a minimum by putting less capital on the line. At the same time, that capital is greatly maximized to ensure more profit opportunities for less overall risk. Leverage is a powerful tool that does carry risk, so be certain to rely on stop loss protection and to have a trading plan.
Built-in charting tools can help traders come up with such a plan, which is another benefit to pro traders. Knowing when to go heavy with size because price is tapping strong support is an important part of trading. Technical analysis is the key to understanding the balance in the market and what might happen next.
Covesting Copy Trading
Pro traders who have exceptional skills can earn additional income by enlisting in the Covesting copy trading module. Strategy manager accounts get access to the same tools and trading instruments as the margin trading experience offers, albeit with slightly less leverage available to keep followers safe.
Strategy managers have their performance tracked within a fully transparent global leaderboard system, which ranks these users based on ROI. Additional info on risk and gains is available within each user’s profile. A five-star system further helps rate user performance based on safety and not just profits.
Followers then use this intel to pick from the list of strategy managers and copy their trades by giving them a follow. Strategy managers earn a cut from their followers’ copied trades, helping to keep income levels growing and act as another revenue stream otherwise not possible.
Compete For Prizes And Glory
Traders with serious chops can also compete in weekly trading competitions for a chance to win prizes within the PrimeXBT Contests section. These weekly competitions are essentially a battle for a piece of a prize pool worth up to 100,000 USDT. Smaller weekly competitions for 10,000 are also common.
PrimeXBT also uses the platform to launch exclusive incentives. For example, a recent trading competition gave users a chance to win an exclusive NFT. The NFT Trading Competition also offered crypto prizes awarded to up to ten lucky winners. The NFT itself only went to the grand prize winner.
The Contests section is a fierce but friendly competition where traders use risk-free virtual funds to trade within a real-time simulated market environment. The same setting can be used to backtest trading strategies or practice with a new trading instrument.
Potential For Passive Investing
Pro traders have profits to show for their hard work, skills, and experience. This often creates a situation where they must decide on how to put it to work for them. Spreading capital around is always intelligent, especially when some of your assets that would otherwise be idle can generate passive income for you.
By using the Covesting yield account system, users can stake their idle crypto assets by connecting directly to DeFi protocols from within the PrimeXBT dashboard and earn a variable APY paid in crypto rewards.
There is no fiddling with decentralized apps, blockchain wallets, or anything else. Yet rates reach as much as 14% APY depending on current market conditions. The APY can get as much as a 2x APY boost with a COV token membership activated. COV token memberships also unlock additional utilities within the Covesting copy trading module.
Conclusion
As you can clearly see, pro traders are well served here. That shouldn’t discourage you if you are new to trading – PrimeXBT also offers its trading academy educational website, where many top traders first get their start.
But those with extensive skills, experience, or simply know how to spot quality and value when they see it will find themselves a great fit with the award-winning margin trading platform. With a massive list of instruments to choose from, long and short positions, leverage, copy trading, and passive income opportunities, there is something for any type of pro trader.
If you have what it takes, or need the tools to do so, try PrimeXBT today and register for a free account. A mobile app for Android and iOS devices keeps you connected at all times.