Today, PrimeXBT is excited to reveal the launch of an innovative feature that will inspire friendly competition amongst the trading community: the all-new Contests module. This brand new exciting tool allows users to join various contests, trade using virtual funds, and beat other participants by climbing in the leaderboard rankings. 

We plan to host multiple trading competitions on a weekly and monthly basis and offer generous rewards to users who show the highest ROI (Return On Investment) during each trading competition period.

To celebrate the release of the Contest module, PrimeXBT is also launching the Grand Trading Competition with a prize pool of $100,000 which will be shared amongst the ten best performing traders. 

The first-place winner will receive a mind-blowing $50,000 reward credited to his PrimeXBT margin account immediately after the competition is finished, while the second-place runner-up will receive $20,000, and third place will get $10,000. Depending on their ranking, all other winners will be rewarded with prizes between $500 and $7,000!

As previously mentioned, all trades are made risk-free using virtual funds, and competitions rely on live market data to mimic a real-time trading environment. No deposit or entry fee is required – all you have to do in order to win the prize is to join the contest and beat other participants by showing the best possible ROI performance. 

Notably, a wide range of markets are available for trading during the competition. Whether it’s forex, crypto, metals, oil, or stock indices – you choose your weapon to win the battle. Let’s get started!

Join Grand Trading Competition

Contests For All Types Of Traders

As the Covesting copy trading platform global leaderboards have demonstrated, traders love to test their skills and show their success to the rest of the world. All over social media and within financial-related forums and crypto sites, traders share their wins and losses.

The Contests module will become a growing ecosystem of trading competitions, where users of all skill levels come to do battle and potentially take home a piece of the reward prize. 

The no-risk and free entry system lets newcomers learn trading skills and gain valuable education and experience in a real-time environment. Professional traders can also demonstrate their expertise more broadly and improve engagement around their followings, all while getting a chance to earn a part of the prize. Various platform partners can also leverage the Contests module to create branded community trading competitions, using it to attract and engage with their audiences.

A Closer Look Into PrimeXBT Contests Module

We did our best to make this product enjoyable and easy to use – as we do with all features we release. Next, here is a quick look at how this brand-new tool works in practice.

By clicking Contests in the main platform menu, users can view all active and upcoming competitions. In order to join the competition – you simply have to click on the Join button. No entry fees or deposit is required to enter the contest. Selecting a specific competition allows users to view the conditions necessary to qualify and win the prize.

For example, some competitions may have a minimum trading volume requirement or a required minimum number of trades. Without fulfilling those requirements – you won’t be eligible for a reward even if your performance is the highest. 

This is where you will find all the active contests and info about them, such as the awards, when it begins and ends, and the requirements to join. 

Once the competition commences – users can view the real-time leaderboard rankings of all participants based on trading competition performance (ROI). As you may suspect – the higher the return you manage to make on your virtual trading account, the higher you will climb in the rankings.

In the ‘My Contests’ tab you will find information about contests you have entered. Here you can see things like your rank in the competition, your turnover and trades etc. 

Joining a Contest is Easy

To be a part of a contest takes three easy steps. Once you have found a contest you like on the all contests page, click on it. 

• Click join on the contest page

You can also just click view on a contest to see what is going on inside and to have a look at how other competitors are doing before you join. 

• Enter your nickname for each contest.

Below is what a contest page looks like showing you all the information you need to try and be the best trader in the contest!

• Once you have joined, simply click trade to get going!

This contest card will stay on your ‘My Contests’ page making it easy to see when it will end, where you rank and how many people are in the competition. 

Once the competition is finished – all qualified winners will receive an email containing all the necessary information about how to claim their reward.

The PrimeXBT Contest module is suitable for all types of traders and is mainly aimed at improving the trading skills of all participants while creating an exciting and engaging environment. 

The all-new Contests module joins other recent releases within the PrimeXBT roadmap, including the native iOS application, Covesting yield accounts, and other innovative tools and features we have already included in our suite.

Stay tuned to the official PrimeXBT blog and social media platforms for further information on PrimeXBT Contests and join the Grand Trading Competition today to grab a piece of the $100,000 prize pool! 

PrimeXBT has launched a new mobile app for iOS as the FX broker improves access to its trading platform for users who are regularly on the go.

“The world is moving completely mobile. This trend began a long time ago, and it is definitely here to stay. Being on the edge of innovation, we couldn’t ignore this fact”, said a spokesperson for PrimeXBT’s product team.

“We are proud to reveal the release of the native iOS application, with an Android version in development and coming soon.”

The brokerage firm offers clients access to forex, cryptocurrency, stock indices, and commodities. The iOS app will bring parity across the entire PrimeXBT experience no matter the device.

PrimeXBT boasts an advanced trading platform, an ever-growing roadmap, and personalized service with a dedicated account manager.

The mobile app for iOS is available immediately via an Apple App Store and the Android version will be announced soon.

The broker founded in 2018 offers a synthetic contract trading infrastructure for Cryptocurrency, FX, Indices, and Commodities.

PrimeXBT offers the Covesting copy trading module allows users to browse through hundreds of trading strategies provided by other traders, and automatically copy their trading activity.

In October, the FX broker announced the launch of Covesting Yield accounts that would help the platform users to generate passive income by investing in yield generating assets.

This account offers access to the top DeFi protocols like Uniswap, Compound, and Curve without the need for the users to know or understand the technology or the need for them to connect their wallets to the respective decentralized exchanges.

Using this tool, the users would be able to put to use their idle crypto assets to generate yields of up to 10% under the current market conditions.

This is part of an ongoing white label agreement and B2B partnership between PrimeXBT and licensed European fintech developer Covesting. Apart from this, the partnership also includes the copy trading and token staking module from Covesting.

The company has grown exponentially in three years and is now serving clients in more than 150 countries, offering them access to top-tier liquidity and a wide range of trading tools.

The firm’s technology partners are Devexperts, Covesting, and Bitfury, thus ensuring a robust trading system for both beginners and professional traders that demand highly reliable market data and performance.

The entire infrastructure, developed by Devexperts, is designed to facilitate a high number of orders per second and extreme loads while offering ultra-fast order execution and low latency.

TurboXBT is a next-generation digital asset trading platform that is designed to offer both new and professional traders a high earning potential through short-term contract trading.

The TurboXBT platform enables traders to generate unrivaled profit levels. It is a user-friendly platform that allows for profits of up to 90% in 30 seconds by simply predicting short-term price moves of various assets.

These include bitcoin, gold, S&P500, oil, and EUR/USD.

TurboXBT in a nutshell

• Synthetic short-term contracts.
• Up to 90% profit for a single trade.
• 17 assets, 38 trading pairs.
• Up or down contracts.
• Contract durations are different from 30 seconds to 15 minutes depending on the chosen instrument.

An overview of TurboXBT

TurboXBT’s platform is unique in that it allows users to trade in bitcoin-settled synthetic contracts.

TurboXBT allows you to make short-term price predictions and profit from accurately predicting if an asset’s price will be higher or lower after a short interval. These vary from one minute to 15 minutes.

The platform is completely newbie-friendly and requires no previous trading experience to get involved.

If the prediction is right, a user can earn up to 90% in profit, which equates to almost double the initial investment.

TurboXBT interface

The TurboXBT interface is made up of two main sections: the account statistics bar, situated on the left. On the right is the prediction interface.

The account statistics bar is where users will find the prediction/ position statistics and activity. There are six tabs located here:

• Positions: reflects your active predictions.
• Trade History: reflects your latest completed predictions.
• All Trades: reflects latest completed predictions made by other traders.
• Leaderboard: a leaderboard of all traders.
• Transfers: deposit and withdraw menu.
• Account: edit your nickname, enable One-Click trading, access account security settings (such as password, 2FA, and latest logins menu).

The prediction interface is where users can make predictions and alter chart settings. Users select the parameter of their predictions here, including currency, duration, and the number of funds allocated to a prediction.

Assets available to trade with

Users have a varied choice of assets to trade with. From crypto to fiat currency, there are 17 assets in total with 38 trading pairs. The assets available include:

Cryptocurrency

• BTC
• ETH

Fiat currency

• EUR
• USD
• AUD
• JPY
• NZD
• GBP
• CAD
• CHF

Commodities

• Brent crude oil
• Gold
• Silver

Indices

• Nasdaq
• S&P500
• GER30

How synthetic short-term contracts work

User selects the asset pair to trade, for example, the BTC/USD pair.

A suitable time frame that is visible on the chart interface is then chosen. The trade is executed by clicking either the green “up” button for the upward trend or the red “down” button to bet on price falls.

Trade winnings are dependent on whether the traded pair gained or lost in value within the set time limit.

Payout and profit

TurboXBT explains that when making a prediction, the funds selected will automatically be reserved and deducted from a user’s balance.

If the prediction is correct, the funds will automatically return to the balance, as well as the profit received.

High stakes mean high risk

While the platform is very user-friendly, caution needs to be taken when it comes to trading.

The risk-reward scenario needs to be fully understood before diving in. With high stakes, there are high risks.

When trading synthetic contracts, there are two possible outcomes and there is a higher chance of losing money than with normal trading.

The two outcomes include winning an investment back and earning a profit, or losing all capital if the prediction is wrong.

A user needs to know their personal risk tolerance before making a trade. To get used to this idea, there is a demo account feature on the right-hand side of the website.

This is pre-funded and allows users to familiarize themselves with the features as well as the trading environment.

How to sign up on TurboXBT

TurboXBT lives up to its user-friendly features and the registration process is very simple.

To trade, a user will need to register with TurboXBT and create an account. 

Once the account creation process is complete, the next step is to deposit funds. To do this, select the “account” section and then click “deposit wallet”.

This is where a user will access their personal bitcoin deposit address which is needed to transfer funds. There is a minimum deposit fee of 0.001 BTC and a minimum order size of 0.0001 BTC.

Trading can be done by selecting the “Turbo” option, which will take users to the synthetic contracts trading platform.

Users can select their preferred trading pair from a drop-down menu in the top left corner of the trading interface. The payout ratio will be given along with the trading pair selected. The chart can be analyzed to predict future price movements.

After this, the trade duration needs to be selected from the right side of the platform’s interface, under the deposit button.

Here, the trade amount must be entered and depending on the price movement analysis, the trader will need to select the “up” or “down” button. The potential profit for this specific trade is below the “amount” column.

Trader wellbeing

TurboXBT places a strong emphasis on the risks associated with trading. The platform is conscious of the fact that not all traders can afford to lose money and advises individuals to exercise caution.

Rather than trying to swindle funds away from people, TurboXBT demonstrates how it values its community’s well-being and highlights the need to be careful as there are various risks associated with trading.

“Trading on TurboXBT platform involves a significant level of risk and is not suitable and/or appropriate for all clients. You should never invest funds you cannot afford to lose,” says TurboXBT on its website.

TurboXBT makes trading exciting

For new and veteran traders alike, TurboXBT is a user-friendly platform that offers an exciting opportunity to earn unmatched profits.

The platform’s interface is intuitive and easy to navigate but for those who need a bit of guidance, the Help Centre has all the solutions.

The platform itself is fast, efficient, and simple to use. There is no element of intimidation that is often seen within other crypto and traditional trading platforms.

TurboXBT is an exciting platform for those with a tolerance for risk. For individuals looking to learn something new, the demo feature is a great way to practice trading before making a financial commitment.

Stay up to date with TurboXBT here: Medium | Twitter | Telegram | Register |