Disclaimer: The text below is a publicity article that was not written by Cryptonews.com reporters.
PrimeXBT is an award-winning trading platform, but in particular, it has also won the prestigious Forex Award for Best Crypto Trading App. The platform offers a free mobile app for Apple and Android smartphones that allows traders to stay connected to global markets and their portfolios and positions 24/7.
In this in-depth PrimeXBT app review, we explore why the margin trading platform won the mobile app-focused award. We also provide a full breakdown of all the app’s most important features and the platform’s competitive advantages.
There’s no place like home
Just as the iconic phrase is instantly recognizable as a line from Hollywood classic The Wizard of Oz, the second you open the PrimeXBT app for the first time, the visual design and Home section will feel instantly familiar if you’ve ever been in industry-first margin trading platform before.
The Home section provides a top-down view of all available funds, portfolios, and all active or tracked covesting margin accounts. The exchange module is also located here, allowing users to quickly exchange one type of cryptocurrency for another. Tapping on any of the individual wallets will immediately take you to a page where you can view transaction history or make a deposit or withdrawal.
As part of a new update, PrimeXBT recently improved the withdrawal process by separating it into a more streamlined and transparent step-by-step process. Withdrawals are made every 24 hours through a proprietary cold storage process protecting customer funds.
At the top of the Home section, there’s also convenient one-click access to account profile and settings, 24/7 customer service live chat, and a full trade and transaction history.
Trade with the best tools on the market
The next section to the right of Home is Commerce, where the Margin of negociation the magic happens. Swiping left and right in this area takes you to different windows including Account, Markets, Chart, Positions, Orders and History.
The account section allows users to manage margin levels separately from their cryptocurrency wallets. Users can take profits in a portfolio or add margin if the market moves against their positions. Markets acts as a watchlist broken down by asset class where users can keep tabs on global markets as a whole.
The chart area is self-explanatory but adds value to what would otherwise be a simple visual tool by including dozens and dozens of popular technical analysis indicators such as Advance/Decline, Donchian Channels, Ichimoku, Parabolic SARTRIX, Supertrend, etc.
Traders can place long or short buy or sell orders in over 100 different trading instruments. The Positions area allows traders to see all open positions, where stop-loss orders are placed and can manage their portfolio and make changes anytime on the go. PrimeXBT provides access to crypto, forex, commodities and stock indices.
Orders allow traders to see which limit orders are waiting, hoping to be filled and turn into profits, while History allows traders to get an overview of winning and losing trades. Here, traders can also share a graphical snapshot of their PnL to brag about on social media or send to friends via messaging app.
Copy trade experts with covetousness
To the right of Trade is the deposit page, where users can top up margin account collateral using BTC, ETH, USDT, USDC, and COV. The COV token is the native utility token of the Covesting ecosystem, which takes us to the next page to the right of the deposit page called copy trade.
The Covesting copy trading module consists of a massive leaderboard where strategy managers have their performance rated and ranked by ROI and all performance related metrics are listed transparently for subscribers.
Followers can use this information to make informed decisions about which strategies to follow. By following a strategy manager, followers will automatically copy all trades the strategy manager makes, wins or loses. Choosing the right strategy to follow is clearly essential, but with the capital in the right hands, novices can still take advantage of the global markets while letting more experienced traders do the hard work.
The best strategic managers have obtained up to 90,000% return on investment. Currently, the best strategy managers have up to 5,700%, even in current market conditions. Using the app, subscribers can manage a strategy portfolio, view leaderboards, and activate COV token memberships using the MyCOV section.
Review Summary: The Best Crypto Trading App
All of the above is bundled into a free mobile app for Android and iOS devices. Other platforms would charge for such an all-in-one experience, while PrimeXBT invites all users to download and access for free.
Volatility can happen at any time and traders should be prepared at any time to react or be well prepared with proactive risk management tools. The app gives traders the flexibility they need by allowing them to stay up-to-date with the ever-changing global markets while on the go. Users can take new positions, move stop-losses, manage their portfolios and even copy the trade of other top traders from anywhere in the world.
After reading this review, it is clear why PrimeXBT received the award for Best Crypto Trading App. No other crypto trading app on the market provides access to so many different products, features, services, and tools under one roof. The PrimeXBT mobile application allows trading without limits. If you haven’t downloaded the PrimeXBT app yet, you can get it for free by visiting the Apple App Store for iOS devices, or Google Play Store for Android