We are now well into 2023, and markets may be finally turning around, so it is once again time to start looking for suitable trading platforms that provide the flexibility necessary to be prepared for whatever comes next.
In this PrimeXBT review, we’ll highlight the top features of the platform and explain why more traders are choosing the leading margin trading platform and why that trend is set to continue.
Getting A Fresh Start On 2023 Profits With PrimeXBT
In 2022, cryptocurrency exchanges and trading platforms imploded left and right, causing contagion all across the industry. While the dominos were falling, PrimeXBT benefited from the user exodus from other platforms and kept users coming back with long and short positions during a crypto winter.
But it is a new year and a clean slate for the crypto market. From the riskiest altcoins to Bitcoin, asset prices are rising. Across traditional finance, the stock market is also showing signs of turning up, precious metals are climbing, and oil has started to find support at current levels. It could be a very different year for traders, especially when trading with PrimeXBT.
A Growing Reputation And Feature Set, Year After Year
During the last year alone, PrimeXBT won the Most Trusted Crypto Asset Trading Platform from Crypto Expo Dubai, updated its smartphone app for Android and iOS, and debuted several new features focused on the Covesting copy trading community.
Within the app, users can now buy crypto, exchange one crypto asset for another to use as account collateral, and fully manage a copy trading portfolio as a follower or a strategy manager. The application keeps traders connected to global markets from anywhere in the world there is an internet connection It is like keeping an advanced trading desk in your pocket.
Community And Copy Trading Centric Updates Set The Stage
New Covesting-centric features have introduced more transparency and competition to the platform. Strategy managers now have their trading history made public, alongside risk and success metrics like max win ratio and all-time profits. There is also a five-star rating system to highlight the safest traders.
In addition, PrimeXBT has released a monthly traders report to recap the top five strategy managers each month across a variety of unique categories, ranked in order of performance. With more insight into the performance of top-ranked traders, followers can tap into as much as 4,000% total ROI from some of the best the platform has to offer. Just click follow and automatically copy their trades.
Long And Short More Than 100 Different Trading Instruments
Part of what made PrimeXBT so successful in 2022 will continue to play a primary role in user growth during 2023. Leveraged long and short positions on crypto helped keep traders nimble and profitable while markets were falling and will provide traders with more flexibility as markets start to turn around.
Use BTC, ETH, USDT, USDC, and other popular digital assets as collateral to trade cryptocurrencies, commodities, stock indices, precious metals, and forex currencies. This means crypto traders can strategically hedge their portfolios with gold, oil, currencies, and more, all using only one single platform and account.
PrimeXBT Trading Academy, Weekly Competitions, Charting Tools & More
PrimeXBT provides other tools that remove the need to visit any other platform at all. There is built-in technical analysis software with dozens of trading indicators and tools, a massive educational website called PrimeXBT Trading Academy, and the PrimeXBT Contests platform where users can compete in weekly risk-free trading competitions for a chance to win crypto-based prizes.
The awarded crypto can be used as starting capital or applied to trading accounts to top up margin. Best of all, the no-risk virtual funds given to traders who use PrimeXBT Contests allow them to practice trading without any risk of losses. The simulated market environment can even be used to backtest trading strategies and technical indicators.
Proprietary Cold Storage Process & Bank-Grade Security Protects Users
Deposits are made to a secure cryptocurrency wallet, protected by a proprietary cold storage process to ensure the safety of customer funds. This process results in only once-per-day withdrawals but is worth the trade-off for the added peace of mind. Accounts are further safe-guarded by bank-grade security infrastructure.
There has never been a hack or scandal associated with PrimeXBT, and the platform itself boasts as much as 99.9% uptime. Traders never miss a moment of opportunity and can react to market volatility each time it suddenly strikes. 24/7 customer service chat and a dedicated account manager are available around the clock.
Review Summary: Make The Most Out Of 2023 With PrimeXBT
The most important themes of 2023 will continue to be focused on protecting capital and strategically getting positioned in case the market truly heats up once again and puts an end to the ongoing crypto winter and bear market in the rest of finance.
If the economy narrowly avoids a recession, the next phase could reach what economists refer to as the Goldilocks zone, where the balance of interest rates, inflation, and the stock market is just right. Be ready for anything with the power and flexibility of the award-winning PrimeXBT margin trading platform. Try it today and start your year off on the right track.