PrimeXBT Review
PrimeXBT Review is an innovative broker and platform for Singaporeans. They are known for its cryptocurrency and CFD trading using powerful proprietary software. PrimeXBT is ideal for crypto enthusiasts and those who want innovative trading solutions.
- Louis Schoeman
Updated : May 22, 2025
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PrimeXBT is an innovative broker and platform for Singaporeans. PrimeXBT is known for its cryptocurrency and CFD trading using powerful proprietary software. PrimeXBT is ideal for crypto enthusiasts and those who want innovative trading solutions.
Overview
We started with PrimeXBT out of curiosity and came to appreciate and like a platform that has grown fast since 2018. We were initially lured by its promise of a complete trading experience, and it has proven this twofold.
This broker helps traders understand global financial instruments across several flourishing economies. They founded just a few years ago, has quickly adapted to worldwide markets, suiting Singaporean traders.
We were drawn to PrimeXBT’s adaptability and perseverance, as well as its excellent tools and a wide choice of assets, including cryptocurrencies, Forex, and commodities.
We believe their popularity in Singapore is due to its timely evolution and strong awareness of trader needs.
PrimeXBT’s innovation and customer service stand out in a growing digital trading market. It appears to understand its client’s interests, whether it’s leveraging flexibility or security precautions that match Singaporean trading principles of prudence and integrity.
Furthermore, our initial impression of this broker is that the broker prioritizes progress and client satisfaction.
Combining this with its dedication to innovation and transparent resource and tool distribution has solidified its place in the Singaporean market.
In addition, PrimeXBT’s journey in Singapore exemplifies a forward-thinking financial trading approach that caters to both experienced and novice traders, a balance that we often look for in brokers as reviewers.
What are the execution speeds like on PrimeXBT compared to others?
PrimeXBT offers fast order execution, averaging less than 7.12 milliseconds, which is highly competitive in the industry.
What technology infrastructure does PrimeXBT use, and is this a competitive advantage?
PrimeXBT leverages Amazon AWS for a robust and stable trading experience, a strong advantage over competitors who may not use such advanced infrastructure.
At a Glance
| 🔍Broker | 🥇PrimeXBT |
| 🔢Established Year | 2018 |
| ⌛Regulation and Licenses | None registered in Seychelles and Marshall Islands |
| 3️⃣Ease of Use Rating | 3/5 |
| 🎁Bonuses | ✅ Yes, welcome bonus, easy start, trade & earn, whale trader, referral bonus, contests, and leaderboard challenges |
| ⏰Support Hours | 24/7 |
| 📊Trading Platforms | PrimeXBT Platform |
| 🗂️Account Types | Standard Retail Account |
| 💷Base Currencies | BTC, ETH, USDT, USDC, COV |
| 📝Spreads | From 0.05% |
| ⬆️Leverage | 1:1000 |
| 💶Currency Pairs | 41; major, minor, and exotic pairs |
| 💵Minimum Deposit | 96 SGD (0.001 BTC) |
| 💴Inactivity Fee | ✅ Yes, 0.005 BTC after three months of inactivity |
| 🗣️Website Languages | English, Spanish, Turkish, Chinese, Japanese, Korean, Thai, Portuguese, Hindi, Singaporean, Vietnamese, Bengali |
| 💸Fees and Commissions | Spreads from 0.05%, no commissions, maker and taker fees between 0.01% – 0.075% on crypto |
| 🤝Affiliate Program | ✅ Yes |
| ❌Banned Countries | United States of America, United States Minor Outlying Islands, Canada, Algeria, American Samoa, Cuba, Cyprus, Ecuador, Iran, Israel, Japan, Myanmar, North Korea, Russian Federation, Sudan, Syria, Saint Vincent and The Grenadines |
| 🌟Scalping | ✅ Yes |
| ➡️Hedging | ✅ Yes |
| 🛢️Trading Instruments | Cryptocurrencies, indices, forex, commodities |
| 🚀Open an Account | 👉 Click Here |
Regulation and Safety of Funds
Regulation in Singapore
PrimeXBT is not currently regulated by the Monetary Authority of Singapore (MAS). However, PrimeXBT’s global regulations are listed in the table below.
Global Regulations
| 🔍Registered Entity | 🌎Country of Registration | 🔢Company Reg. | 🫴🏻Regulatory Entity | 📈Tier | 🔢License Number/Ref |
| Prime Technology Ltd | Seychelles | 217308 | N/A | N/A | N/A |
| Prime XBT Trading Services Ltd | Republic of Marshall Islands | 120813 | N/A | N/A | N/A |
Protection of Client Funds
| 🔍Security Measure | ℹ️ Information |
| 🗂️Segregated Accounts | ✅ Yes |
| 👤Compensation Fund Member | None |
| 💴Compensation Amount | None |
| 🎓SSL Certificate | ✅ Yes |
| ➡️2FA (Where Applicable) | ✅ Yes |
| ⛔Privacy Policy in Place | ✅ Yes |
| ⚠️Risk Warning Provided | ✅ Yes |
| ❌Negative Balance Protection | ✅ Yes |
| 🛑Guaranteed Stop-Loss Orders | None |
What steps can Singaporean traders take to improve their account security on PrimeXBT?
We recommended that traders in Singapore implement two-factor authentication, use robust passwords, and consistently monitor their account activity logs for any signs of unauthorized access.
Are there any resources available on PrimeXBT to help Singaporeans understand the risks involved in trading?
Yes. PrimeXBT offers educational resources to assist Singaporean traders in comprehending and managing their trading risks.
Awards and Recognition
After examining PrimeXBT’s website, it became clear that the platform has been recognized with multiple awards. They are highly regarded as the top choice for online trading.
✅PrimeXBT has received praise for its exceptional mobile trading app.
✅In addition, the platform received a few awards at the 2022 ADVFN International Financial Awards, winning titles for “Best Crypto Trading Platform,” “Best Crypto and Forex Broker,” and “Best Crypto Trading App.”
✅PrimeXBT was also recognized as the “Most Trusted Crypto-Asset Trading Platform” at the 2022 Crypto Expo in Dubai.
Account Types
| 🔍Live Account | 🥇Standard Account |
| 💵Minimum Deposit | 0.001 BTC / 96 SGD |
| 📈Platforms | PrimeXBT Platform |
| ⬆️Leverage | ⬆️Leverage |
| 🚀Open an Account | 👉 Click Here |
Demo Account
As we investigated PrimeXBT’s features, the Demo Account emerged as an important starting point for our trading experience.
It is especially useful for traders in Singapore who are new to trading or strive to fine-tune their strategies without risking money.
Our review of the Demo Account shows that it is an excellent educational tool, delivering a real market trading experience with zero financial implications.
This simulated environment replicates live market conditions and traders can use virtual money, allowing them to test strategies across a variety of financial instruments.
Furthermore, its ability to simulate real-time trading pressure while guarding against possible losses makes it even more useful.
Therefore, it’s an excellent learning platform for Singaporeans, providing a realistic and secure environment to build trading confidence and abilities.
Furthermore, PrimeXBT adds excitement to the Demo Account with trading contests.
These contests not only make studying more interesting but they also encourage participants to improve their abilities.
Standard Account
Next, we evaluated the PrimeXBT Standard Retail Account, which showcases PrimeXBT’s dedication to simplicity and accessibility. This account type will appeal to traders of all skill levels in Singapore by removing the complexities of various tier accounts.
We were delighted by the low entrance barrier of 0.001 BTC, which makes trading available to Singaporeans from various economic backgrounds. Furthermore, the account also provides access to all PrimeXBT markets, including currency pairs, cryptocurrencies, and commodities.
Leverage of up to 1:1000 should give Singaporeans the opportunity for bigger profits while simultaneously demanding cautious risk management and a solid risk/reward strategy.
Furthermore, competitive spreads on this account start from 0.05%, providing a low-cost trading experience.
Another finding is that the Standard Retail Account provides transparency by eliminating hidden fees like commission fees on trades.
Can Singaporean traders open a demo account on PrimeXBT?
Yes, Singaporean traders can access a demo account through PrimeXBT’s trading contests, but there is no standalone demo account.
Does PrimeXBT offer professional accounts with different conditions?
No, They do not offer a professional account category. PrimeXBT only offers a single retail trading account suitable for all experience levels.
How To Open an Account Step-by-Step
We’ve detailed the steps traders can take to do this, including the requirements for KYC
Step 1: Go to the official website and click on the “Open Account” banner
Step 2: Complete the online application form
After completing the form, PrimeXBT will send a unique code to the email address provided to verify your details. Following email verification, the newly created account requires an initial sign-in using your created credentials.
Step 3: Fund Your Account
Next, select a desired base currency for transactions, which is critical since it provides the groundwork for future financial activity.
The next critical step is to proceed to the deposit area, where you can fund your accounts via Direct Crypto, ADVCash, Debit/Credit Cards, and Bank Transfer through third-party providers, among others.
What is the first step to open a PrimeXBT account for a Singaporean trader?
The first step is to visit the PrimeXBT website and locate the register option on the homepage to start the sign-up process.
Can I choose SGD as my base currency when opening a PrimeXBT account?
No, you cannot. SGD is not a supported base currency on PrimeXBT; you must select from the available cryptocurrencies (BTC, ETH, USDT, USDC, COV) or USD.
PrimeXBT vs Admirals vs FxPesa – Broker Comparison
| 🔍Broker | 🥇PrimeXBT | 🥈Admirals | 🥉FXPesa |
| ⌛Regulation | None; licensed in Seychelles and The Marshall Islands | FCA, ASIC, CySEC, EFSA, JSC, FSCA, CMA | FCA, CMA |
| 📊Trading Platform | PrimeXBT | MetaTrader 4 MetaTrader 5 Admirals Mobile App | MetaTrader 4 MetaTrader 5 Equiti Trader App |
| 💷Withdrawal Fee | ✅ Yes | ✅ Yes | ✅ Yes |
| 🗂️Demo Account | ✅ Yes, with contests | ✅ Yes | ✅ Yes |
| 💵Min Deposit | 883 BWP (0.001 BTC) | 34 SGD ($25) | 7 SGD ($5) |
| 📈Leverage | 1:1000 | 1:30 Retail 1:500 Pro | 1:400 |
| 📝Spread | From 0.05% | From 0.0 pips | 0.0 pips |
| 💴Commissions | 0.05% | From $0.02 | $7 |
| 🛑Margin Call/Stop-Out | Flexible | 100%/50% | 100%/30% |
| 🧑⚖️Order Execution | Instant | Market, Exchange | Market |
| ❌No-Deposit Bonus | None | ✅ Yes | None |
| 🪙Cent Accounts | None | None | None |
| 🗂️Account Types | Live Account | Trade.MT5 Invest.MT5 Zero.MT5 Bets.MT5 Trade.MT4 Zero.MT4 | Executive Account Premiere Account |
| ➡️MAS Regulation | None | None | None |
| 💶SGD Deposits | None | ✅ Yes | None |
| 🌟SGD Account | None | None | None |
| ⏰Customer Service Hours | 24/7 | 24/5 | 24/6 |
| ⚙️Retail Investor Accounts | 1 | 6 | 2 |
| ☪️Islamic Account | None | ✅ Yes | ✅ Yes |
| ⬇️Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| ⬆️Maximum Trade Size | Flexible | 200 lots | 150 lots |
| ⏱️Minimum Withdrawal Time | Instant | Instant | Instant |
| 🕰️Maximum Estimated Withdrawal Time | Depends on the payment method – a few minutes to 48 hours | Between 3 to 5 working days | Up to 15 working days |
| ✔️Instant Deposits and Instant Withdrawals? | ✅ Yes | ✅ Yes | ✅ Yes |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
Trading Platforms and Software
To ensure accuracy and to provide Singaporeans with an accurate breakdown of the features of the PrimeXBT platform, we registered a demo account to access this innovative trading software.
As we explored the proprietary platform, we found that it is specifically designed to meet the needs of Singaporean traders who prefer a fast-paced trading environment.
Furthermore, its unique design is well-suited to the needs of various traders, even though it differs from the MetaTrader series.
With the PrimeXBT platform, we discovered an interface that is easy to navigate, making it suitable for both experienced traders and beginners. The platform also offers a wide range of charting tools and technical indicators that are known for their extensive capabilities and flexibility.
These tools offer versatility for Singaporean traders, especially those who navigate a dynamic and vibrant market, letting them quickly analyze market trends or thoroughly explore potential investments.
In addition, the platform provides margin trading, letting Singaporean traders open larger positions than their capital would normally allow, especially with a low minimum deposit of 96 SGD (0.001 BTC).
Furthermore, PrimeXBT has integrated copy trading into its platform, letting Singaporean traders replicate the strategies of experienced traders. This feature aims to make trading success more accessible to those who are still learning the ropes, democratizing the trading process.
Overall, the PrimeXBT platform is well-suited to assist Singaporean traders in achieving their growth objectives. It provides a robust, intuitive, and high-performance trading environment.
It not only connects Singaporean traders to global markets but also provides them with the essential tools to thrive in highly volatile, dynamic financial markets.
Does PrimeXBT’s trading platform support algorithmic or automated trading?
No, PrimeXBT’s proprietary platform does not currently support algorithmic or automated trading.
Can I access PrimeXBT’s trading platform from any browser?
Yes, PrimeXBT’s web-based platform is accessible from any modern browser without the need for additional software.
Range of Markets
This broker offers Singaporean Traders the following Trading Instruments:
➡️Forex
➡️Cryptocurrencies
➡️Commodities
➡️Indices
Forex
PrimeXBT provides a wide range of 51 currency pairs, allowing Singaporean traders to participate in the largest financial market in the world. Furthermore, traders can expand their forex trading horizons with leverage up to 1:1000.
This lets them leverage drastic, large market movements when they trade major, minor, and exotic pairs. These opportunities can result in substantial profits, particularly in Singapore’s thriving forex trading industry.
Cryptocurrencies
PrimeXBT offers a wide variety of opportunities for traders in Singapore, with 41 cryptocurrencies available to cater to the needs of crypto market enthusiasts.
With leverage of up to 1:100, it offers a great opportunity to potentially boost profits, appealing to individuals who want to take advantage of the growing popularity of cryptocurrency in Singapore’s dynamic financial environment.
Commodities
PrimeXBT offers various commodities, including soft and hard commodities, to cater to different investment preferences.
With leverage of up to 1:100, Singaporean traders can access negative balance protection and risk management tools like stop-loss and take-profit orders, allowing them to easily protect themselves against currency fluctuations and take advantage of drastic price changes.
Furthermore, traders can use assets that are crucial in the economies of regions focused on growth, such as Singapore.
Indices
PrimeXBT offers access to 11 major stock indices, including popular ones such as the S&P 500 and NASDAQ 100, two of the most popular options available to Singaporeans.
By utilizing leverage of up to 1:100, traders can boost their position sizes, diversify their investments across different sectors of the global economy, and align their local investment strategies with international business trends.
How many cryptocurrency assets can I trade on PrimeXBT?
You can trade 41 different cryptocurrency assets on PrimeXBT.
What commodities can I trade on PrimeXBT?
You can trade a variety of commodities, including precious metals and energies.
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Official Site
Fees, Spreads and Commissions
When we started exploring PrimeXBT, we could see a high level of transparency in how the broker operates and structures its offer.
We initially found that the platform might be complex for beginners, but as they explore it, they should find it easier to get to sections like the trading fees.
To make it easier for Singaporeans, we discuss the trading and non-trading fees of PrimeXBT in the sections below.
However, be mindful that conditions can change, and we might not have covered all the fees, or these fees might have changed since our most recent update from the PrimeXBT website.
Spreads
PrimeXBT’s fee structure is highly competitive, particularly in cryptocurrency trading, attracting Singaporean traders. Spreads start as low as 0.05% for major forex pairs, providing a favorable trading environment for traders.
This low-spread spectrum ensures costs don’t affect potential profits, making it a popular choice for Singaporean traders.
Commissions
PrimeXBT’s commissions are designed to promote liquidity through a maker-taker fee model, which is more aligned to PrimeXBT being a crypto exchange than a conventional forex and CFD broker, even though they support these markets.
According to our analysis of commissions, liquidity makers pay lower fees, starting at 0.01%, while takers pay slightly more, up to 0.075%. This approach fosters a fluid trading environment and encourages traders to contribute to market stability.
Overnight Fees
Because of its focus on being a crypto exchange and not a conventional broker, PrimeXBT does not charge overnight fees for keeping leveraged positions open, allowing Singaporean traders to hold positions for longer durations without worrying about accumulating overnight charges.
In addition, because of its inherent nature as an exchange without overnight fees, PrimeXBT does not offer Islamic Accounts to Muslim traders.
Deposit and Withdrawal Fees
PrimeXBT offers no additional charges for deposit and withdrawal transactions, benefiting Singaporean traders with thinner margins. However, network fees for blockchain transactions are inevitable and can vary based on network congestion and usage.
Inactivity Fees
PrimeXBT charges a 0.005 BTC fee for dormant accounts after three months of dormancy, emphasizing the importance of account activity for Singaporean traders. This fee encourages traders to stay engaged with the market or withdraw funds if they plan to step away for an extended period.
Currency Conversion Fees
PrimeXBT charges currency conversion fees for traders transferring funds in non-base currencies, which are inherent in the platform’s payment processes.
For Singaporean traders dealing in currencies like the Singapore dollar, strategic planning is crucial to minimize the impact of conversion rates on deposits and withdrawals. Furthermore, traders are also exposed to additional fees when they use third parties to convert fiat to crypto and vice versa.
What are the withdrawal fees on PrimeXBT?
Withdrawal fees on PrimeXBT depend on the cryptocurrency network and may vary due to network congestion.
What are the trading fees like on PrimeXBT?
PrimeXBT charges competitive trading fees, including low maker and taker fees on crypto margin trading from 0.01% to 0.075%.
Deposit & Withdrawal Options
| 🔍Payment Method | 🌎Country | 💵Currencies Accepted | ⏰Processing Time |
| ➡️Direct Crypto | All | BTC, USDT, ETH, USDC | Instant |
| 🌟MetaMask Wallet | All | ETH, USDT, USDC, COV | Instant |
| 💴AdvCash | All | USD | Instant – 48 hours |
| 💵Perfect Money | All | USD | Instant – 48 hours |
| 💳Bank Card (Crypto Purchase) | All | BTC, ETH, USDT, USDC | Instant |
Deposits
Bank Wire
✅Access the ‘Deposit’ area of your dashboard. You might have to use a third-party service to complete this action.
✅Select the currency you want to deposit under Bank Wire Deposit.
✅Follow the on-screen steps to get PrimeXBT wire transfer banking details.
✅Use the details to transfer money from your own account.
✅To ensure PrimeXBT credits the deposit, attach any reference numbers or notes.
✅Confirm the transfer with your bank and wait for PrimeXBT to credit the funds.
Credit or Debit Card
✅In the ‘Deposit’ section, find the option for alternative deposits.
✅Click ‘Buy Crypto’ to buy cryptocurrency with a credit or debit card.
✅Select from the predefined deposit amounts or enter a custom amount, then choose a supported fiat currency.
✅Enter your email and country of residence when requested by the third-party service.
✅Provide any documents required and card details to verify identification.
✅Check your payment information and submit the transaction. Your PrimeXBT BTC wallet should receive your crypto deposit immediately.
Cryptocurrency
✅Log into your account and go to your ‘Deposit’ area.
✅Choose a coin to deposit.
✅PrimeXBT will issue a cryptocurrency-specific deposit address or QR code.
✅Send the money to the deposit address from your crypto wallet.
✅Confirm the transaction in your wallet and allow some time for the network to process it.
e-Wallets or Payment Gateways
✅Find and choose ‘Deposit’ in PrimeXBT.
✅Select your favorite e-wallet or Payment Gateway between ADVCash or Perfect Money.
✅Link your e-wallet or gateway to PrimeXBT.
✅Confirm the deposit information and wait for the funds to appear in your account.
Withdrawals
Bank Wire
✅Select Bank Wire under ‘Withdrawal’ section.
✅Provide PrimeXBT with your banking information.
✅Select your withdrawal amount and currency.
✅Send the withdrawal request and wait for email confirmation.
Credit or Debit Cards
✅Select Credit or Debit Card withdrawal from ‘Withdrawal’ section.
✅Enter your card information and withdrawal amount.
✅Complete the withdrawal request to have the funds returned to the card used for the initial/latest deposit.
Cryptocurrency
✅Select Cryptocurrency Wallet withdrawal under ‘Withdrawal.’
✅Select the coin to withdraw and enter your wallet address.
✅Provide the withdrawal amount and submit the request.
✅Wait for PrimeXBT’s email confirmation.
e-Wallets or Payment Gateways
✅Go to PrimeXBT’s ‘Withdrawal’ area.
✅Select your e-wallet or payment gateway, preferably the last one you used when depositing funds.
✅Provide your liked account information and the withdrawal amount.
✅Request the withdrawal and wait for confirmation from PrimeXBT.
What deposit methods are available on PrimeXBT for Singaporean traders?
Singaporean traders can use direct crypto deposits, MetaMask Wallet, AdvCash, Perfect Money, and Bank Cards for crypto purchases on PrimeXBT.
What is the minimum withdrawal time on PrimeXBT?
Withdrawals on PrimeXBT are processed instantly, depending on the payment method and network conditions
Leverage and Margin
PrimeXBT is known for its versatile and robust leverage and margin options, which makes it a popular choice among traders in Singapore.
As we explored these conditions and tools, one notable aspect that captured our interest was the leverage rates offered on the platform.
The broker offers traders the opportunity to gain substantial market exposure by offering leverage of up to 1:1000 on forex pairs.
While this is extremely beneficial to traders who start with a minimum of 96 SGD (0.001 BTC), traders must have a solid understanding of risk management strategies to navigate the market effectively.
Therefore, a disciplined trading approach is crucial when dealing with such substantial leverage levels, regardless of risk management tools like stop-loss, take-profit orders, and negative balance protection.
Despite robust risk management, Singaporeans can still lose capital if they do not use leverage cautiously and have a balanced risk/reward strategy.
Another critical consideration and component we review is the margin requirement. With PrimeXBT, margins play a crucial role in determining the trader’s investment in a position, which affects the leverage ratio, the level of exposure, and the potential outcomes of the trade.
PrimeXBT’s margin requirements are dynamic and depend on several factors. However, they allow traders to deposit sufficient amounts to cover the required margin.
Their minimum order size on Bitcoin is 0.001 BTC. Should a Singaporean decide to use leverage up to 1:200, the margin required would be 0.000005 BTC.
Can Singaporean traders participate in short selling using leverage on PrimeXBT?
Yes, they permit Singaporean traders to participate in short selling, allowing them to benefit from market losses by selling assets they do not already own and repurchasing them at a lower price.
Does PrimeXBT provide leverage customization options for Singaporean traders?
Yes. PrimeXBT lets Singaporean traders alter their leverage levels according to their particular trading style and risk tolerance, offering flexibility and control over their trading positions.
Educational Resources
To help Singaporeans navigate complex markets and their processes, PrimeXBT offers several educational resources and tools, including the following:
➡️Tutorials
➡️Webinars
➡️Guides
➡️Demo Account
➡️Copy Trading
➡️Price Charts
➡️Markets Research
➡️Academy
➡️Help Centre
➡️Blog
Tutorials
PrimeXBT provides organized courses for Singaporean traders to improve their trading skills. These lessons cover trading fundamentals, advanced methods, and technical analysis.
We believe that these tutorials will help Singaporean traders understand market dynamics and trading tactics for the unpredictable forex and cryptocurrency markets.
Webinars
PrimeXBT delivers interactive webinars on trading trends, tactics, and risk management. These live seminars by expert traders offer significant insights. These seminars assist Singaporean traders in learning about global financial markets and improve their trading tactics.
Guides
PrimeXBT’s trading guidelines break down trading instruments and market analysis. These step-by-step guides for Singaporean traders assist beginners in learning PrimeXBT’s tools and capabilities.
Demo Account
The PrimeXBT demo account mimics actual market circumstances with virtual funds for Singaporean traders. This tool lets Singaporeans practice risk-free test methods and gain confidence before investing.
Another unique element we discovered with the PrimeXBT demo account that other brokers do not always offer revolves around demo trading competitions that make demo trading fun and lucrative but could cause an aura of overtrading.
Copy Trading
PrimeXBT’s copy trading tool lets traders copy professional traders. This benefits young Singaporean traders who wish to learn from worldwide traders.
However, we urge traders to familiarize themselves with the risks of copy trading because trading outcomes and profits are never guaranteed.
Price Charts
The advanced charting tools with technical analysis capabilities from PrimeXBT help traders make educated decisions. Singaporean traders can easily improve their market analysis using these indicators and graphical elements for trend detection and pattern analysis.
Market Research
The PrimeXBT platform conducts detailed market research, including trends and future analysis. Singaporean traders can use this resource to make more informed trading decisions.
Furthermore, the platform’s daily updates can help traders prepare for market changes and allow them to modify their strategies to mitigate risk and capitalize on changing conditions.
Academy
The PrimeXBT Trading Academy provides trading and market analysis articles, videos, and courses. Singaporean traders benefit from this academy by constantly learning and adapting to market conditions, which will enhance their trading efficiency and overall risk control.
Help Center
PrimeXBT’s Help Center has a large FAQ, training videos, and guidelines for fast trading help. Singaporeans who require immediate help with sophisticated trading scenarios or platform features can benefit greatly from this resource.
Blog
Singaporeans can updated with financial news and trading methods on the PrimeXBT blog. It offers Singaporean traders new perspectives and insights on technical analysis, strategic advice, and cryptocurrency projections for success in local and international markets.
What kind of support does PrimeXBT offer for research-related queries?
PrimeXBT offers multilingual customer support that can assist with research-related queries around the clock.
Is the educational material on PrimeXBT suitable for beginners?
Yes, the educational content on PrimeXBT is designed to accommodate both beginners and experienced traders.
Bonuses and Promotions
According to our in-depth review, PrimeXBT caters to a diverse group of traders in Singapore by providing a range of bonuses and promotions, including the following:
✅Firstly, The Whale Trader bonus is an attractive incentive to entice experienced traders with substantial rewards specifically tailored to their high-volume transactions. The allure of this bonus is heightened by Singapore’s renowned financial expertise and its fiercely competitive trading scene.
✅Next, the Trade & Earn promotion is a great opportunity for traders to be rewarded based on their trading activity. This resonates with the forward-thinking attitude of Singaporean traders, motivating them to engage in more frequent and substantial trading activities.
✅PrimeXBT also provides a Welcome Bonus for beginners in trading, allowing them to enhance their initial capital and start their journey without a large initial investment. In addition, the Easy Start Bonus supports beginners as they reach early trading milestones, offering extra encouragement during their initial trading journey.
✅In addition, PrimeXBT offers Contests and Leaderboard Challenges, adding excitement for Singaporeans who enjoy a competitive edge. This is an opportunity for traders to show their unique abilities and earn enticing rewards, adding an extra level of excitement to the trading experience.
✅Finally, the Referral Bonus program is worth mentioning because it allows traders to earn additional income by referring new users to the platform. This program seamlessly integrates into Singapore’s tightly-knit trading community, where we’ve observed strong connections.
Can I use multiple bonuses simultaneously on PrimeXBT?
You might be able to. However, it will solely depend on the terms and conditions of each bonus.
Which promotion is currently favored by traders from Singapore on PrimeXBT?
Singapore traders highly seek trading contests because they offer attractive financial rewards and serve as a competitive platform to show their skills.
Affiliate Programs
Features
✅Singapore’s renowned reputation for active trading is a perfect match for PrimeXBT’s affiliate program. One of their most impressive features is the highly profitable CPA (cost-per-acquisition) offer, which can go as high as $2,500 for each qualified client. This is particularly notable in Singapore’s highly competitive financial market.
✅The program extends beyond a one-time payout. The platform provides affiliates with a consistent source of income by offering them a profit share of up to 50% on trading fees generated by clients they refer. Given the substantial trading volume among Singaporean traders, this profit share can yield significant profits.
✅Singapore, known for its robust professional networks and active social media scene, offers an ideal setting to take advantage of PrimeXBT’s tiered commission structure. This feature offers a distinct benefit by providing affiliates rewards for direct referrals and users’ trading activity further down the referral chain. This is perfect for Singaporeans who already have well-established networks and online followings.
How to Register an Affiliate Account Step-by-Step
Step 1: Access the Partners section website
Simply navigate to the top menu and click on the designated link.
Step 2: Click on the “Sign Up” banner
Step 3: Complete the Online Registration Form
Carefully review the affiliate program’s terms so that you can fully understand your commitments and the associated benefits.
Step 4: Wait for Confirmation from PrimeXBT
Please check your email for the confirmation link sent by PrimeXBT. Click on the link to activate your account and access the affiliate tools available on your dashboard.
What strategies can Singaporean affiliates use to optimize their earnings on PrimeXBT?
Singaporean affiliates can expand their reach and engage with a broader audience when they use social media platforms and financial blogs.
How does the multi-tier commission structure work for Singaporean affiliates on PrimeXBT?
According to our research, the multi-tier structure lets Singaporean affiliates generate income not only from their referrals but also from the trading activity of referrals made by those they directly referred.
Customer Support
| 🫴🏻Customer Support | 🌟PrimeXBT Customer Support |
| 🕰️Operating Hours | 24/7 |
| ➡️Support Languages | Multilingual |
| 🗣️Live Chat | ✅ Yes |
| 💻Email Address | ✅ Yes |
| ☎️Telephonic Support | None |
| 4️⃣The overall quality of PrimeXBT Support | 4/5 |
| 🚀Open an Account | 👉 Click Here |
Response Time
| 🔍Support Channel | 🕰️Average Response Time | ⏰User-based Response Time |
| ☎️Phone | 1 – 5 minutes | 5 minutes |
| 24 hours | Same-day – 24 hours | |
| 🗣️Live Chat | 2 – 5 minutes | 2 minutes |
| 📱Social Media | 5 minutes | 2 – 4 minutes |
| 🤝Affiliate | 24 hours | Same-day – 24 hours |
Can I access multilingual customer support from PrimeXBT?
Yes, PrimeXBT offers customer support in various languages, including English, to cater to diverse users. While PrimeXBT does not offer Mandarin support, Chinese support is available.
Can PrimeXBT’s customer support handle complex trading inquiries from Singaporeans?
Yes. PrimeXBT is renowned for its exceptional customer support, boasting a team of experts who excel at addressing intricate trading inquiries and offering comprehensive, practical guidance.
Social Responsibility
PrimeXBT does not provide any information regarding past, current, or future CSR projects or initiatives.
User Comments and Reviews
PrimeXBT stands out from competitors in several areas, and here are a few recent user comments that showcase this:
🥇“I’m quite satisfied with PrimeXBT as a cryptocurrency trader. It’s really versatile—I can quickly fund my account and watch skilled traders to replicate their movements. Less risk equals more profit, right? Furthermore, the minimal deposit is completely reasonable, so anyone may get started. Seriously, it’s fantastic!”
🥈“PrimeXBT’s platform is very simple to use. The navigation and style are right on, albeit certain complex functionality may have been sacrificed for simplicity.”
🥉“Finally, the cryptocurrency market is cooling down. And let me tell you, PrimeXBT has been killing it recently.”
In Conclusion
With the 1:1000 leverage offered by PrimeXBT, traders who are skilled at risk management can find it highly attractive.
Moreover, PrimeXBT offers a range of educational resources, including the Trading Academy and comprehensive market analyses, which will suit traders of all levels, providing valuable insights specifically designed for Singaporean traders.
Ultimately, we can conclude that PrimeXBT presents an appealing trading environment for traders in Singapore. However, individuals must comprehensively comprehend the potential hazards linked to high-leverage trading.
Our Insight
In my opinion, PrimeXBT is a good option for Indonesian traders. Our evaluation of the PrimeXBT platform shows that it offers a user-friendly interface and eliminates deposit fees, which improves the overall user experience.
Our Recommendations
The markets are continuously changing, forcing brokers to adapt. Here are a few recommendations that we can provide PrimeXBT based on our in-depth review of how the broker can update its offer to provide tailormade services to all traders, including those in Singapore:
✅Consider introducing tiered accounts that could be tailormade to fit varying experience levels and trading strategies.
✅Add more options for traders to deposit and withdraw in fiat without third-party services or complex procedures.
✅Separate margin trading and crypto exchange services so that the fee schedules for each trading avenue are separated, making it easier for traders, especially beginners, to understand and determine their trading and non-trading fees.
✅Obtain licensing and regulation through entities like FCA, CySEC, etc., to instill confidence and reflect compliance and trustworthiness.
Pros & Cons
| ✅ Pros | ❌ Cons |
| PrimeXBT offers Singaporeans a unique approach to online trading with a powerful trading platform and competitive trading conditions | Maker and taker fees apply instead of conventional commissions |
| Singaporeans do not pay any fees on deposits made to PrimeXBT | Inactivity fees apply to dormant accounts |
| The proprietary trading platform is robust and has a user-friendly interface | PrimeXBT’s platforms and operations might be too complex for complete beginners |
| PrimeXBT prepares beginners with a large and comprehensive collection of educational materials and tools | Singaporeans face currency conversion and blockchain fees |
| There is a demo account offered that can help traders practice trading or test strategies | The deposit and withdrawal options and currencies are extremely limited |
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Frequently Asked Questions
Which cryptocurrencies can I trade on PrimeXBT?
Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), etc. Because PrimeXBT is primarily a crypto exchange, Singaporeans can expect access to a larger range of crypto assets than they would receive with a conventional forex and CFD broker.
Is PrimeXBT a regulated platform?
No, PrimeXBT is not regulated. However, PrimeXBT has the necessary licenses and control to offer a secure trading environment.
Is PrimeXBT accessible in Singapore?
Yes, PrimeXBT provides its services to Singapore traders. However, Singaporeans must read the platform’s terms and conditions and the client agreement to familiarize themselves with any restrictions in using PrimeXBT’s services.
Does PrimeXBT provide margin trading?
Yes, PrimeXBT is recognized for its margin trading ability. With margin trading, Singaporeans can use leverage of up to 1:1000 on forex pairs to hold larger position sizes despite the low minimum investment of 96 SGD (0.001 BTC).
Does PrimeXBT need KYC verification for Singapore users?
Yes, PrimeXBT follows the Know Your Customer (KYC) standards. Singaporeans must complete the verification procedure by providing proof of identity and residential address when registering an account.
