PrimeXBT, an ADVFN award-winning Bitcoin-based margin trading platform recently introduced a new type of short-duration synthetic Bitcoin contract that offers as much as 90% profits in only 30 seconds.
The new platform is called PrimeXBT Turbo, and the aptly named short-duration UP and DOWN contracts enable the opportunity to turbo-charge profits in no time flat.
The innovative new tool joins a host of other features, such as advanced order types, built-in charting software, and up to 1000x leverage across CFDs for forex, commodities, stock indices, and cryptocurrencies.
This review intends to shed some light on if the newest feature on the platform is worth signing up for a free demo account and trying for yourself.
Introduction and General Information
PrimeXBT Turbo consists of short-duration UP and DOWN synthetic Bitcoin contracts designed for speed and simplicity.
Because of how fast these contracts can be entered, profit is generated quickly, in as little as 30-seconds. The short duration UP and DOWN synthetic Bitcoin contracts are offered at 30-second, one-minute, or five-minute intervals which can be adjusted at the time an order is placed.
Profits reach as high as 90% depending on the duration of the contract and asset seleted. But because the amount of profit generated in so little time is so high, it also means that on the flip-side, significant losses are possible in just as short of a timeframe, so the product isn’t suitable for all investors.
When using PrimeXBT Turbo, it is wise to follow the advice to never invest more than you can afford to comfortably lose. However, for those who are able to properly take advantage of the powerful profit-generating tool will see their capital grow quickly.
Free demo accounts are available and even recommended, considering the risk associated with the PrimeXBT Turbo platform, so clients can get used to utilizing the new tool.
User Interface and Accessibility
PrimeXBT Turbo boasts a bold interface with a fluid, high tech visual design. As price action takes place, the default line chart grows and shrinks along with price rising or falling, indicating the exact price location with a green glowing blip.
Line charts are default but can be changed to candlesticks or bars depending on the user’s preference – one of the many customizations available on PrimeXBT.
A left-hand sidebar can be expanded, providing further information on previous trades taken in the trade history section, a view of all trades currently taken on the Turbo platform, a global leaderboard system, and a setting section that allows users to enable one-click trading, or set the account to show values in BTC or USD.
Trading and Minimum Requirements
The Turbo tool is very easy and fast to use, making it ideal for those with little time on their hands, but want to be productive.
Entering a position is as simple as selecting a duration between 30-seconds, one-minute, and 5-minutes, then choosing an UP or DOWN contract. When the duration of the contract expires, the profits are awarded to the account immediately if the price is above or below the entry price, depending on the type of contract chosen.
Before an order is placed, all information related to risk exposure and profit potential is displayed, unless one-click trading is enabled.
Minimum order sizes are just 0.0001 BTC and the platform’s minimum deposit is 0.001 BTC, making the barrier to entry extremely low and highlighting the platform’s accessibility.
Registering for PrimeXBT Turbo takes very little time, and requires no KYC process or personal information. Only a few steps stand in the way between first landing on the website and making your first trade.
Turbo Platform Benefits
PrimeXBT Turbo is ideal for traders with little time on their hands, or during periods of stagnant price action when profitability is low due to the lack of volatility or price movements large enough to squeeze out an ROI from.
With Turbo, there’s 90% profits offered every 30 seconds regardless of what the market is currently doing or not.
Many of the assets available on PrimeXBT for regular trading are also available on Turbo, including cryptocurrencies, forex, gold and silver. This provides traders with a large variety of markets to trade using Turbo – not just Bitcoin.
Another major benefit is the rest of the PrimeXBT trading platform, which offers a robust set of advanced trading tools, a wide variety of assets for trading at up to 1000x leverage, long and short positions, and so much more.
Turbo joins another new tool on the platform the Covesting Fund Management Module – a peer-to-peer asset management platform designed to connect pro traders with investors who can profit hand-in-hand. This additional tool was just released in a beta phase for early testing of the innovative product.
PrimeXBT Turbo is an ideal tool to change things up when trading gets stale, when markets are lacking volatility or just to shake things up in general with a new trading product.
The short-duration contracts are extremely simple to use, fast to execute, and can lead to 90% profits in 30 seconds. The new tool enhances the offering of the well-rounded trading platform, giving traders more options and alternatives beyond just traditional trading alone.
Free demo accounts are available with up to 1 BTC to test-drive the platform. Register for PrimeXBT >>> today to try the new Turbo platform.