The post PrimeXBT: How to Trade Global Markets on MT5 with Crypto appeared first on Coinpedia Fintech News
MetaTrader 5 (MT5) is one of the most popular multi-asset trading platforms worldwide. It offers access to a wide range of markets, providing a powerful trading experience alongside advanced tools to help traders execute various strategies. Despite its success, one of MT5’s major limitations was that it traditionally supported only fiat currency as collateral.
With its most recent product update, PrimeXBT, a regulated global multi-asset broker, is changing the game. It brings the broker’s Crypto Futures, CFD trading, Crypto exchange and wallet functionality, and now MT5 platform, all under one roof. Most importantly for Crypto holders, PrimeXBT’s MT5 integration supports both digital and fiat currencies, allowing them to trade global markets on MT5 using crypto as a collateral.
How it Works
With PrimeXBT, Crypto holders have various ways to trade Forex and CFDs on MT5 using digital currencies. The broker’s platform integration supports Tether, so if a client is already holding USDT they can start trading on MT5 right away. For holders of other Crypto, the integrated exchange functionality enables clients to convert over 30 popular tokens including BTC, ETH, USDT, LINK, SHIB, and POL to USDT, so they can get started.
PrimeXBT’s all-in-one ecosystem means that Crypto holders can also diversify into other markets like Crypto Futures, using USDT, USDC, BTC and ETH as a collateral, or by converting other cryptocurrencies through the built-in exchange. In total, the broker offers access to over 100 markets, providing more investment opportunities for holders of various Cryptocurrencies.
Low Fees & Competitive Conditions
PrimeXBT is improving Crypto holders’ accessibility to global markets and powerful trading tools, but it’s also focused on making these solutions cost-effective. The broker offers some of the most competitive trading conditions in the industry, with spreads on CFDs starting from just 0.1 pips. Fees on non-Crypto CFDs start from 0%, while Crypto Futures fees can be as low as 0.01%. For Crypto CFDs, fees begin at 0.05%. This allows traders to keep more of their capital for actual trading.
Access to Powerful Tools & Automation
The MT5 platform is well-known for the advanced suite of professional tools it provides to traders. Crypto holders can now benefit from access to these tools with PrimeXBT, which include 38+ technical indicators, 44+ charting tools, and the ability to automate trading via expert advisors (EAs). The tools allow for thorough market research and analysis, enabling users to spot trends and trading opportunities, as well as explore new opportunities.
The broker also offers other useful trading tools through its web platform. This includes TradingView integration, which provides traders with additional ways to conduct thorough market research and analysis.
Setting New Standards for Crypto Investing & Trading
PrimeXBT’s innovative update to its product offering has unlocked new opportunities for holders of digital assets, setting new standards for Crypto investing and trading. By seamlessly combining its Crypto Futures, CFD trading, MT5, and Crypto exchange and wallet functionality, the broker is providing more people around the world with access to diverse markets, all in one simple and attractive package.
The following product update is already available to clients from a number of Asian and Latin American countries and will be rolled out to additional countries soon.
Start trading with PrimeXBT
Disclaimer: The content provided here is for informational purposes only and is not intended as personal investment advice and does not constitute a solicitation or invitation to engage in any financial transactions, investments, or related activities. Past performance is not a reliable indicator of future results. The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money. The Company does not accept clients from the Restricted Jurisdictions as indicated on its website. Some products and services, including MT5, may not be available in your jurisdiction. The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.