Trade CFDs on Commodities like Gold, Oil, and Natural Gas

It’s great that you’re also conducting your own analysis to complement the insights we provide. Yet, applications are reviewed before approval. No, PrimeXBT is not regulated, which can be a concern for potential investors. El copy trading tiene potencial para obtener ganancias aprovechando las movidas de traders experimentados, pero no está exento de riesgos. However, its unregulated status and limited asset selection may deter some users. This feature, part of its Covesting module, allows users to replicate the trades of top traders, thereby gaining access to a range of traditional financial instruments, like other crypto exchanges, FX, and commodities. Keep up the good work. In our opinion, the presence of a position holding fee makes intraday short term futures trading more profitable for PrimeXBT clients than medium term and long term transactions. This potential for amplified profits is what entices many investors to use leverage across Bitcoin Futures and other assets. The APR is adjusted daily, and the estimated rewards may differ from the actual rewards generated. PrimeXBT and eToro have distinct fee models that cater to different trading activities. With a fully fledged copy trading service, a low PrimeXBT copy trading minimum deposit, and a dashboard with precise controls, it is prevalent in my PrimeXBT Crypto Futures review that this is a serious crypto platform. Bitcoin Cash is a popular offshoot of the original Bitcoin blockchain. Thank you for choosing PrimeXBT. I found the KYC process to be straightforward, with my account being verified instantly. 02% for crypto futures trading. Hedera Hashgraph HBAR. To access it, navigate to ‘Hub’ and select ‘Referral Program. In this case, you do not need to enter a verification code: you will immediately get access to the Personal Area. Binance’s base maker taker fee is not quite as competitive as that of PrimeXBT, starting at 0. Go to Settings > Security and enable Install from Unknown Sources if prompted. Via the Main page, users can view. PrimeXBT is a member of the Financial Commission, an independent external dispute resolution EDR organization. These products are not suitable for all investors.

Top 5 Cards

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. Engage in Crypto, Forex, Commodities CFDs, and Indices CFDs trading. 10 Best MetaTrader 5 MT5 Brokers in Namibia. Another instrument gaining traction in derivatives markets is the concept of leveraged tokens. To determine the profit or loss from a CFD trade, multiply the position’s deal size total number of contracts by the contract’s value expressed per point of movement. On top of that if you are working with crypto exchange,, then it’s probably impossible to trade currencies as well. In essence, if your losses exceed the amount of your initial investment the margin, the exchange will automatically sell your holding to recoup the money they loaned you. PrimeXBT charged me a withdrawal fee of 0. For the Pros 👨‍💻: You can enable “one click” ordering if time is of the essence with the trade. The previous lower high November 05 was also formed on the MA200.

PrimeXBTReview

Withdrawal fees start at just $0. Another popular feature on OKX is Trading Bots. This can be done without the struggle of having to own and store the physical assets. Price Spread or Bid Ask spread is the difference between the Bid and the Ask price of an asset. That extends to our AML software, for monitoring all on chain transactions, which is one of the most advanced in the industry and something we have been using for the last few years. 31 – today, you’d be a millionaire. But before there is a clear sign that the bull run is back on, a better way to power your profitability exists. PrimeXBT operates in an unregulated gray area, lacking licensing from major financial authorities like the FCA or SEC. Additionally, withdrawals to a bank card come with a hefty 5% fee. You can change basic account settings via the bot, but for full access to settings, it is recommended to use the web platform or mobile app. As Ethereum continues to be a foundational layer for Web3, the need for scaling solutions like Polygon is expected to grow, increasing the demand for POL ex MATIC tokens. Over the past seven days, LTC was one of the few altcoins to see a rise in social volume. 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. PrimeXBT is a savvy exchange offering services both beginners and pros can rely on. PrimeXBT operates in an unregulated gray area, lacking licensing from major financial authorities like the https://primexbt-traders.com/tanya-jawab/ FCA or SEC. When it comes to Ethereum vs Dogecoin, the former is a more serious alternative to mainstream cryptocurrencies. To view or add a comment, sign in. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. Musk has even talked about Dogecoin publicly on the popular TV show Saturday Night Live, and is now working with Dogecoin developers closely in attempt to streamline transaction efficiency and speed. Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges and wallets in one place. I think its time for me to write my first primexbt review after trading for sometime. Once an account is funded, traders can access a wealth of cutting edge trading tools and risk management protections, including stop loss orders, built in charting analysis software, and much more. A trader can use such a trend to profit through short selling Bitcoin. These advantages make it an attractive choice for traders looking to maximize their potential returns while maintaining a high level of security and ease of use. Many competitors are more transparent than PrimeXBT regarding Proof of Reserves and the handling of customer funds. In contrast, competitors like Binance and Bybit provide more transparency, which can instill greater confidence in the security and management of user assets. Understanding the significance of Know Your Customer KYC procedures, we emphasize that all clients adhere to PrimeXBT guidelines, exercising due diligence in compliance with local laws and regulations. Copy trading is also great for the “armchair” trader and anyone who is just looking to make some passive income. This table provides a quick reference to the key aspects of leverage on PrimeXBT, including their descriptions, benefits, and risks. For withdrawal fees, opting for crypto withdrawals over the TRC20 network is more cost effective than fiat withdrawals.

Bybit vs PrimeXBT: Fees and Rewards

TON is a $21 million market cap coin with over $143 million in daily volume. Leverage is a powerful tool for professional traders but can cause significant losses if used recklessly. Without proper analysis of the markets, trading would resemble gambling, which ultimately leads to large losses. PrimeXBT offers a wide variety of assets, making crypto asset diversity a key feature. To minimize trading fees, I recommend using limit orders to benefit from lower maker fees. We do not solicit clients residing in the above regions and only accept clients that register at their own initiative. While the app does send notifications for significant price changes in favorited assets, this is not as effective as custom alerts. Additionally, we are unable to verify which percentage of customer deposits are stored in cold storage, and how much is stored in hot wallets. PrimeXBT’s referral program is your gateway to effortless additional income. Please do your own due diligence before making any investment decision. NLVXE Welcome Package. If there is a case where a trader exhausts their equity and the value of their account falls below a certain level, they will get what is termed a “Margin Call”. Security and reliability. By subscribing, you agree to our Terms of Use and Privacy Policy. Familiarizing yourself with the interface and understanding how to place trades is crucial for a smooth trading experience. While PrimeXBT focuses on high leverage trading and offers a wide range of assets, including cryptocurrencies, eToro is known for its social trading features, allowing users to copy the trades of successful investors. But I only withdraw profit in bitcoin if I deposited via bitcoin wallet. Users must first transfer their crypto to an external exchange where they can convert it to fiat and then withdraw to their bank account. Remember, though, volume isn’t the sole indicator of liquidity, as order size and spread are also pertinent factors in your trading strategy.

30% Trading Bonus – Lirunex

There are many crypto trading platforms that are now enabling crypto CFD trading and we will also review them in the future. But, buying and holding is a good way to make money selling Bitcoin. Deposits of digital currencies from an external wallet are free. Your profit will be the difference between the borrowed amount and the sold amount. This can occur due to slippage, especially in fast moving or thin markets. Currently, the currencies supported by PrimeXBT are Bitcoin, EOS Token, Ethereum, Litecoin, Ripple, among others. To seize this exclusive welcome bonus offer. While Ripple executives claim XRP is decentralized, founders hold a sizable portion of the supply, and the crypto community claims the distribution is too unfair to be considered decentralized. PrimeXBT Trading Services LLC the “PrimeXBT” are not authorised or regulated by the UK Financial Conduct Authority “FCA” or other UK authority. Crypto Deposits: PrimeXBT offers free crypto deposits. With Covesting, strategy managers have performance tracked in a fully transparent global leaderboard system. At this point, the price will retreat to the trendline. 217308, having its registered address at House of Francis, Room 303, Ile Du Port, Mahe, Seychelles. The exchange separates customer and business funds and client assets under management AUM are not used as collateral. Any XLM prediction at this point needs to be accompanied by the outlook for Bitcoin and Ethereum as well. 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. The platform provides a variety of free deposit options for both crypto and fiat. This site does not make any financial promotions, and all content is strictly informational. On PrimeXBT you don’t have to change the leverage on your own, it is always pre set to be the maximum possible, instead, you control your risk level with your position size. PrimeXBT offers British users a variety of convenient payment methods including major credit cards, bank transfers, and several popular e wallets. Links to third party sites are not under the control of Bitcompare, and we are not responsible for the reliability or accuracy of such sites or their contents. Step 2: Open Your MetaMask Wallet.

Is PrimeXBT regulated?

To seize this exclusive welcome bonus offer. Stop losses and take profit orders help you manage your positions. 02% for crypto futures trading. Orders may be rejected for reasons like insufficient funds, slippage settings, or reaching the maximum allowable open positions. The trader user and broker platform agree to exchange the difference in the asset’s price from the opening to the closing of the contract. Get into the trading action with reduced overnight fees on Forex and CFDs. Another rejection on the MA200 will make a Double Top. Disclaimer: By using this website, you agree to the Terms and Conditions. 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. PrimeXBT is a perfect match for leverage and derivative traders due to its advanced trading platform and high leverage options. Trades and strategies can be shared across social media and strategy managers can manage their strategies through the “My Strategies” area of the platform. 🚀 Test strategies, master platform tools, and boost your confidence without financial risks. 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. No, PrimeXBT doesn’t support users from the US and the UK right now. They offer a wide range of assets to trade and very quick trades. The trading platform also provides traders with technical analysis software and charting tools built directly into the user interface, which is highly customizable and easy to use for pros and novices alike.

CryptoRunner English

For those that do not know, trading on leverage is a way for the individual to get more exposure to an asset than they have put down in funds. Since you don’t have a direct influence on what trades your followed trader will open, you’ll have to deal with liquidity risk. Please make sure that the form is filled correctly. 3, then by the time you stop following the strategy you would keep 75% of the profits. This table provides a quick reference to the key aspects of PrimeXBT’s supported countries and the benefits of trading on the platform. PrimeXBT is a cryptocurrency exchange that offers leveraged trading for several digital assets, including Bitcoin, Ethereum, and Litecoin, among others. PrimeXBT supports deposits and withdrawals in popular cryptocurrencies such as BTC, COV, ETH, USDC, and USDT. Indeed, the OFAC administers and enforces US financial sanctions. Returns or profits may be subject to capital gains tax. You can read more about the legal terms and conditions in the Legal Center section More tab on the main page of the website. MT5 services are provided by our partner, PXBT Trading Ltd “PXBT”, a licensed Securities Dealer in Seychelles under License No. Dear Visan,Thank you for your detailed feedback. Before 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. You should consider whether you understand how leveraged products work and whether you can afford to take the inherently high risk of losing your money. Robust platform with modern instruents,i like such ones, they help me to improve my skills. It is integrated with PrimeXBT to enhance the trading experience. 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. But my biggest peeve is the spread. Bug Bounty Program: PrimeXBT does not currently have an active bug bounty program. PrimeXBT has one of the fastest signup processes, allowing users to register using an email address, Google account, or Apple account. The platform showcases top traders’ portfolios and returns, enhancing the trading experience. That being said, at PrimeXBT we offer much more generous terms in our margin accounts, as leverage can be much larger in the CFD markets. Firstly, always read the terms and conditions associated with each bonus. Whether you’re a seasoned trader or just starting your crypto journey, Uphold offers a comprehensive platform to manage your assets and explore new opportunities. You can make deposits and withdrawals within the app as well. Check out our full PrimeXBT review to see if this exchange is right for you.

Placing Trades

This understanding may help us be even more careful with our investment and trading choices. Primexbt promo code 50% 35%. The exchange is anonymous and does not require KYC or AML checks, although it reserves the right to conduct verification in certain cases. Date of experience: September 28, 2024. To start trading on PrimeXBT you don’t need to file for KYC documents. This system connects directly to the internet to access the crypto assets, so these are hot wallets that are always connected to the internet at all times. Originally used to track the rice markets, they have become popular with western traders over the last few decades. If you withdraw the initial cash deposit before two weeks, you’ll lose the bonus. However, the platform lacks spot, margin, bot, social, or P2P trading, which may be a dealbreaker.

Restricted Jurisdictions

The content of this website is not intended for residents of the European Union, the wider European Economic Area, or the United Kingdom. With multiple support channels and a rich array of educational materials, PrimeXBT provides a supportive and informative environment that caters to the needs of traders at all levels. Before 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. This representation is known as a moving average. PrimeXBT has a cryptocurrency academy. Indices and Commodities up to 1:100. 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. However, its offerings extend far beyond the realm of digital currencies. 02% for takers when you remove liquidity and 0. You seem to have CSS turned off. Order blocks in Forex trading are like signals that reveal where the big players have made their moves. They can also use the platform’s Telegram bot to send price alerts, open positions, executed orders, and more. However, at the most recent all time high, each Litecoin was worth over $418, moving the fastest and strongest out of almost all cryptocurrencies when it did finally break out. These aspects contribute to the overall user experience, but how do they measure up in terms of technical tools and resources. Org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. It is also wise to enable two factor authentication and address whitelisting to protect the account from any unauthorized access. Pin bars are most effectively traded as part of a structured technical approach, in alignment with the underlying market structure. But, the transparency of this process raises questions. Any withdrawal requested after 12:00 UTC will be processed the next day.

Toobit Review : Trading, Crypto, Support and Safety

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. Since then, it has also been interpreted as “hold on for dear life”. Chainlink increased its potential by the acquisition, as it allows the Ethereum blockchain to interact with web sources that use HTTPS. PrimeXBT stands out with its user friendly interface and advanced trading tools. He received his MBA from the Wharton School in May 2007, with a major in Finance and Entrepreneurial management. In his spare time, Mensholong enjoys watching soccer, finding new music, and buying BTC and ETH for his crypto portfolio. 34, and a high of $250. On the downside, buyers will need to defend the $94 level, as a break below here could spark deeper losses. Never Miss Another Opportunity. All of which is a timely reminder to be careful when margin trading. 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. As far as withdrawal fees go, one of my favourite features of Bybit is they are not looking to make a profit from customer withdrawals, something very rare among crypto exchanges. Bybit practices round the clock security monitoring and conducts regular security analysis checks. There are three important elements of a perpetual future contract that you need to know if you’re looking for how to make money trading crypto futures. One of the most popular ways to chart the crypto market is through a candlestick. Top of the book ASK quotes are reflected as a green indicator on the price range field of the chart. Past performance of a PrimeXBT trader is not a reliable indicator of his/her future performance. PrimeXBT has a transparent fee structure, only charging for each trade and holding a position open overnight. PrimeXBT offers leverage on crypto futures up to 200x but does not offer spot margin trading. Depositing on PrimeXBT is a straightforward and secure process, offering traders a variety of options including direct crypto transfers and fiat to crypto purchases through trusted partners. Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. Although, with the security protocols set by PrimeXBT, it’s highly unlikely hackers gain access to your account; however, you can always go the extra mile with setting up 2FA on your phone.

Download our 100% FREE Beginner’s PDF Guide and 5 MINUTES Bitcoin Buying Tutorial →

1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia. This gave the coin a market cap of about $12bn, making it the seventh largest crypto by that metric. Additionally, while PrimeXBT excels in copy trading, it lacks bot and social trading features, which might be a downside for some users. Trading Education is highly optimistic, with price predictions as high as $8. With a PrimeXBT CFD trading account, you have access to over 100 global markets, and some of the best trading conditions around. The mobile app is slightly easier to navigate compared to the desktop platform, though the available trading instruments are still not ideal for beginners. BFR has posted 16 straight profitable trades, displaying remarkable precision despite more opportunities for error. More can be learned on PrimeXBT’s withdrawal terms and conditions page. Traders should never enter a position without first analyzing the market and the asset they are considering trading. Many countries may trade on the Exchange, except those that are prohibited or unrecognized jurisdictions. The platform has cool features like one click trading execution and double click trading. Reviewed by Alexander Goodenough. Our 24/7 support team here to help. Date of experience: May 20, 2024. Better manage your risk and exposure. Whilst my experience trading derivatives on PrimeXBT was positive, I was disappointed by the limited number of available markets compared to competitors like Binance and Bybit. The platform offers multiple channels for customer support, ensuring that users can get the help they need quickly and efficiently. Deposits are made through third party services such as Coinify, Changelly, Xanpool, CEX. Though it is important to understand that as an unregulated broker, traders need to place a lot more trust in the company and are depositing funds at their own risk. The halving is a hard coded event scheduled for roughly every four years where the amount of new Bitcoins that miners receive is reduced by 50%. The futures sector is a fascinating aspect of the crypto trading world. Because of the popularity and profitability of trading, there have been a number of cryptocurrency trading bots that have been developed in order to try and make the process a little easier and less energy intensive. Trading Features: The mobile app supports trading for both Crypto Futures and CFDs, including all order types such as limit orders, stop limits, day orders, OCO, and GTC. I opted for the LTC/USDT perpetual futures pair and placed a limit buy order, which was executed as soon as the price reached the limit, costing me 0. Some of the factors that influence the prices of cryptocurrencies include the following. The support team only speaks English and Russian. Depending on the underlying market, the broker might offer more or less leverage based upon volatility and liquidity.

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PrimeXBT places a lot of emphasis and effort towards their award winning trading platform and app. This means that for transactions to execute on the platform’s wallets, they need to authorize the transaction from a number of key holders. 35350, this means that the trade lost 25 points. Skilled traders can also become Strategy Providers, earning profit share from the trades that are copied by others. If you do not have this then you may have to wait for up to seven days as the broker manually resets this. To start investing with PrimeXBT, create an account, deposit funds, and then select the markets you wish to trade. Here is a look at the margin requirements for the 11 supported indices. 🔗 Dive into PrimeXBT today and unleash your trading potential. Or for an experienced trader to find the advanced features they need. Security measures include Two Factor Authentication 2FA, Cold Storage as well as SSL Encryption. Information in articles published by guest authors does not go through fact checking procedures, so we kindly advise you to do your own research. In order to withdraw funds from your cryptocurrency exchange account, you need to submit a withdrawal request from your Personal Area. The higher the leverage multiple you select the larger these fees will be, as they are calculated on the size of your leveraged trade, not the size of the margin you’ve provided—seriously eating into your wallet balance for long term trades when using high leverage. The platform supports the following asset classes. You should consider whether you understand how leveraged products work and whether you can afford to take the inherently high risk of losing your money. Joining contests on PrimeXBT is easy. No, Prime XBT doesn’t have a demo account. As a result, further dollar weakness is anticipated in the coming month. You should consider whether you understand how leveraged products work and whether you can afford to take the inherently high risk of losing your money. Account replenishment can be done both directly in cryptocurrency if the client has his own wallet and in fiat currency US dollar. PrimeXBT is a well established CFD exchange that offers a wide range of trading assets, including cryptocurrencies, stocks, forex, commodities, and indices. Simply navigate to the BTC/USD pair and click “Trade. The world of cryptocurrency continues to push the boundaries of what’s possible in digital finance, and non KYC crypto exchanges are a perfect example of this evolution. 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. None of the content on CoinCentral is investment advice nor is it a replacement for advice from a certified financial planner. Activating a bonus on PrimeXBT is a straightforward process that allows you to increase your trading capital or reduce trading fees. It has been a top performing altcoin since its inception, created by Charlie “Satoshi Lite” Lee.

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Additionally, you need to check the regional restrictions if you decide to use this platform based the professional knowledge and experience. It takes just a few minutes to get started. 🏆 The accolades don’t stop there — PrimeXBT has also bagged awards like ADVFN’s Best Bitcoin Margin Trading Platform, Best Crypto Trading App, Best Cryptocurrency and Forex Broker, and Best Crypto Trading Platform. Most platforms require you to undergo a KYC Know Your Customer process, which includes submitting documents like a government issued ID and proof of address. The principal offices of PXBT are located at IMAD Complex, Office 3, Ile Du Port, Seychelles. At its core, PrimeXBT aims to provide traders with top tier liquidity, a comprehensive suite of trading tools, and a deep commitment to security, ensuring a safe and efficient trading environment for all. The market has a fundamental structure that makes it behave in a particular manner. Virtual Assets are volatile and their value may fluctuate, which can lead to potential gains or significant losses. We have the fee breakdown for a selection of assets in the table below. In addition, you can use 1 BTC in your wallet to trade more assets without having to go through the tedious Know Your Customer KYC process. Email Verification: Check your email for a verification link and click on it to confirm your account. DYdX supports MetaMask, Trust Wallet, Coinbase Wallet, and many more including WalletConnect compatible wallets. In order to service their current payments and withdrawals, they will also need to run a “hot wallet,” but only a limited number of coins are kept in this state. Like any investment, a thorough understanding of the platform, its offerings, and customer support is vital before getting started. Deposit and Withdrawal Fees. If you already have crypto, depositing into a PrimeXBT account is a simple process. The bonus funds are tied to your deposited amount, so pulling out money early cancels the bonus, affecting your trading leverage. Prime XBT provides traders with resources to interpret expert predictions and market sentiment, aiding in the construction of a resilient trading strategy. It has gained popularity for its crypto margin trading capabilities. Typically, the process can take a few hours to a few days. Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges and wallets in one place. Stake cryptocurrencies in DeFi yield generating applications to earn interest on idle crypto assets. 3️⃣ After entering your details, hit Sign Up.

Exclusive Crypto Deal List of 2023

306038128, having its registered office at Eisiskiu Sodu 18 oji street 11, Vilnius, Lithuania. If the margin is almost fully utilised due to the market exposure which was the case as it follows from your explanation, even a slight increase in the spread and associated unrealised loss can trigger liquidation to enforce the margin rule as the account’s margin becomes insufficient to maintain open positions. I found the deposit process via Volet quick and easy, with funds instantly credited to my account. This is always a tricky aspect to analyse when writing up a review for advanced trading platforms. Best regards,The PrimeXBT Team. On PrimeXBT, you can currently trade 30 trading pairs across 1 markets. These platforms are available in the Client’s Personal Cabinet, they do not need to be downloaded and installed. Because crypto exchanges specialize in different areas, each with their own strengths and weaknesses, and because crypto traders have different needs, it is important to match a crypto user with an exchange that performs well in the area that is important for them, which is why we put together this article about the Best Cryptocurrency Exchanges 2024, which you may find useful. Indexes: SP500, GER30, Nasdaq, AUS200, Dowj, Eur50, France, Hong Kong 50, Japan, Spain, UK100. Slashdot lists the best PrimeXBT alternatives on the market that offer competing products that are similar to PrimeXBT. No CFD trading fees, but watch out for spreads, commissions, and swaps. This feature certainly stands out in the crowded market and positions PrimeXBT uniquely. Io feature is another big plus. These are the project’s quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity and growth within the project. The term ‘bear trap’ finds its origins in the world of hunting, where a bear trap is designed to capture a bear’s paw. The unscrupulous forex brokers manipulate the price of the currency pair to trigger a large volume of stop loss orders.