PrimeXBT Mobile Trading App Review
PrimeXBT’s trading app is available in two mobile versions: an Android and an iOS app. You can download them for free through the App Store or Google Play.
The mobile platforms boast the same capabilities as the no-download, web-based platform that runs on platforms like PCs. The compatibility of the trading platform is superb, and its capabilities are impressive.
What functionalities does the PrimeXBT mobile app offer you?
The PrimeXBT mobile app allow you to trade the crypto markets on the go. You can open an account through the app in under a minute. The operator does not require you to submit sensitive personal information. You can only deposit and withdraw value from the PrimeXBT platform in crypto.
If you sign up through a mobile app, you get:
- Secure multi-currency crypto wallets you can use to fund your account and CFD trades.
- Access to third-party cryptocurrency providers from whom you can buy the cryptos you can then deposit at PrimeXBT and use for trading.
- Access to CFDs covering a wide range of crypto and traditional markets. In addition to cryptocurrencies, you can trade index and commodity CFDs.
- Competitive trading conditions. The fees PrimeXBT charges for its services are reasonable.
- Powerful charting in your pocket
- Top-notch security
- Industry-leading 24/7 support and account managers
- A copy-trading feature that uses handy charts to illustrate the profitability and trading patterns of the entities users can follow and copy.
The charting tools the software offers allow for professional-level technical analysis. You can use a plethora of technical indicators, from various oscillators to moving averages, price channels, parabolic SAR, pivot points, etc. Applying these technical indicators to your charts is a matter of a couple of taps on your phone screen.
Asset Classes
The broker boasts a crypto-focused platform, providing an extensive range of tradable assets that includes Forex (Fx), stocks, indices, and select commodities.
Regarding cryptocurrencies, users have access to trade over 30 crypto assets in various combinations. Each of these assets can be traded against the USD, and there are also options for crypto/crypto pairs.
For crypto assets, the maximum leverage allowed is 1:200.
The Fx selection is quite comprehensive, encompassing major, minor, and exotic pairs to cater to diverse trading preferences. The trading conditions on these assets are also reasonable.
Additionally, the broker offers Contract for Difference (CFD) options for energies and indices, with particular emphasis on crude oil, Brent oil, and natural gas.
Furthermore, the trading platform supports trading with Gold and Silver.
The app also supports a wealth of time frames and chart types.
The Android app has earned a user rating of 4.3 out of 5. The overwhelming majority of those who rated it thought it was worthy of 5 stars. If you want to install it on your device, it only takes a few seconds to download.
The iOS app offers similar functionalities. It is larger than the Android version, but it only takes a few seconds to install, as well.
What do users like about the PrimeXBT mobile apps?
- Most people like the simplicity and accessibility of the setup and the trading interface. Even beginners find it easy to understand what the tools do and how they can use them to their advantage.
- The design of the user interface is another reason why many users have granted the app a 5-star rating. They find it easy on the eyes, simple yet sophisticated.
- The tradable asset selection exceeds 100 items. For beginners, this means plenty of variety and opportunities.
- Some users appreciate the updates the PrimeXBT staff implements regularly. Many note that previously annoying bugs have recently disappeared.
- The execution speed and the margin are two more features PrimeXBT mobile users like.
What do people dislike about the PrimeXBT mobile apps?
- Some still feel that the app is missing essential features. Those who would like to close positions with one tap or check the average entry price will have to wait for another update to implement these tweaks.
- Some feedback providers feel that the app should feature a refresh button.
- Other users do not trust the information the copy trade feature provides.
- Others feel that the fees the app charges are too steep.
- Some users have reported problems with how the app loads and other technical issues.
If you are a CFD trader interested in the dynamic crypto markets, the PrimeXBT mobile platforms should cover your needs. With a CFD provider like PrimeXBT, you can make money on the crypto markets even when the value of the assets falls. Be aware that PrimeXBT only supports withdrawals in cryptocurrencies. To withdraw, you will need an external wallet.
