Scam Forex Brokers in Indonesia
PrimeXBT Review
PrimeXBT is an award-winning hybrid Forex and CFD broker that offers easy investment opportunities across markets to Indonesians. PrimeXBT offers quick and easy crypto deposits and withdrawals. PrimeXBT has a high trust rating of 75%.
- Kayla Duvenage
Jump to:
Overview
Regulation and Safety of Funds
Awards and Recognition
Account Types and Features
Account Registration
Broker Comparison
Trading Platforms
Range of Markets
Fees
Deposit and Withdrawels
Education and Research
Bonuses and Promotions
Affiliate Programs
Customer Support
Social Responsibility
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 3.0/5
Min Deposit
0.001 BTC
Regulators
None, registered in Seychelles and Marshall Islands
Trading Desk
PrimeXBT Platform
Crypto
Total Pairs
41
Islamic Account
Trading Fees
Account Activation
Overview
PrimeXBT, established in 2018, is a renowned digital trading platform in Indonesia’s rapidly growing financial markets. It offers access to global markets and is registered in Seychelles and the Marshall Islands despite not adhering to traditional regulatory standards like that in Indonesia.
PrimeXBT’s offerings, specifically in cryptocurrencies like Bitcoin and Ethereum, align with Indonesia’s digital asset trends.
Furthermore, the platform’s commitment to innovation and meeting market demands has led to significant expansion, offering leverage of up to 1:1000, attracting traders seeking to increase market exposure regardless of their capital.
PrimeXBT’s commitment to excellent customer service is evident in its round-the-clock support and educational resources, demonstrating its understanding of Indonesian traders’ diverse needs and risk preferences.
Overall, as a notable player in the online trading community, PrimeXBT values Indonesians’ success in the dynamic and sometimes turbulent financial markets.
Is PrimeXBT regulated in Indonesia?
No, PrimeXBT is not regulated in Indonesia. However, it is based in Seychelles and services traders from across the globe, including those in Indonesia.
What base currencies does PrimeXBT support?
PrimeXBT supports base currencies such as BTC, ETH, USDT, USDC, and COV, offering flexibility for Indonesian traders to fund their accounts with numerous cryptocurrencies.
At a Glance
| 🗓 Established Year | 2018 |
| ⚖️ Regulation and Licenses | None, registered in Seychelles and Marshall Islands |
| 🪪 Ease 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 | 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, Indonesian, 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 | Open Account |
Safety and Security
PrimeXBT prioritizes the security of its clients’ investments, particularly for traders in Indonesia. Despite not being regulated by local authorities, PrimeXBT employs robust security measures to maintain trust.
These security measures include cold storage solutions, two-factor authentication (2FA), advanced SSL encryption, and address safelisting.
Moreover, PrimeXBT’s cold storage prevents hacking and cyber threats, while two-factor authentication ensures account security.
Another security measure is address-safe listing, which allows Indonesians to approve withdrawal addresses in advance, preventing funds from being sent to the wrong place.
Lastly, PrimeXBT also encourages traders to safeguard their accounts, understand their security features, and take additional personal measures to protect their trading activities.
Regulation in Indonesia
PrimeXBT is not currently regulated by the Commodity Futures Trading Regulatory Agency (BAPPEBTI). 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 – – – Prime XBT Trading Services Ltd Republic of Marshall Islands 120813 – – –
Protection of Client Funds
🚫 Security Measure 🪪 Information Segregated Accounts Yes Compensation Fund Member No 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 No
Can I activate extra security features on my PrimeXBT account?
Yes, PrimeXBT users in Indonesia may add an extra layer of account protection by turning on two-factor authentication (2FA).
How does PrimeXBT protect Indonesian users’ trading integrity?
PrimeXBT combines a strong trading infrastructure with real-time monitoring to guarantee transaction integrity.
Awards and Recognition
Several awards stated on PrimeXBT’s website were discovered during our review:
➡️PrimeXBT won the “Most Trusted Crypto-Asset Trading Platform” title at the 2022 Crypto Expo in Dubai.
➡️The “Best Mobile Trading App” title has been given to the platform.
➡️According to PrimeXBT, they won the title of “Best Platform for Online Trading.”
➡️Furthermore, PrimeXBT won several awards at the 2022 ADVFN International Financial Rewards, including “Best Crypto Trading Platform,” “Best Crypto and Forex Broker,” and “Best Crypto Trading App.”
PrimeXBT Account Types
Standard Account ✔️ Availability All types of traders 💵 Markets All 💰 Commissions None; maker and taker fee from 0.01% – 0.075% on crypto 💻 Platforms PrimeXBT Platform 🔨 Trade Size From 0.01 lots 📊 Leverage 1:1000 💸 Minimum Deposit 0.001 BTC / 1.09 billion IDR 👉 Open an account Open Account
Standard Account
The PrimeXBT Standard Account is a valuable tool for Indonesian traders, offering a balance of accessibility and depth.
A small initial deposit of 0.001 BTC (about 1.09 billion IDR) allows access to a wide range of tradable assets, including cryptocurrencies, forex pairs, commodities, and indices.
Furthermore, PrimeXBT’s competitive spreads start at 0.05%, keeping trading costs low. Leverage of up to 1:1000 can increase potential profits but also increase risk.
Therefore, Indonesians must manage risks wisely. However, whether a beginner or an experienced trader, the PrimeXBT Standard Account is a valuable tool for Indonesian traders to benefit from the trading opportunities available on the PrimeXBT platform.
Demo Account
The PrimeXBT Demo Account is designed to help Indonesian traders learn without risking real money. It simulates real trading conditions using virtual currency, allowing beginners to practice their skills and test strategies without the pressure of losing money.
Furthermore, even experienced traders can find value in the demo account by trying new techniques and strategies.
Overall, PrimeXBT recognizes the importance of practice in mastering trading and provides this demo account as an essential tool for traders on their journey to success in the financial markets.
What account kinds does PrimeXBT offer?
PrimeXBT provides a standard retail account, allowing access to multiple markets and trading products for Indonesian traders of all levels.
Does PrimeXBT provide several account types for professional traders?
No, PrimeXBT now provides a single retail account ideal for all sorts of traders, including professionals, enabling access to numerous markets and trading goods.
How To Open a PrimeXBT Account
To register an account with PrimeXBT, follow these steps:
Step 1 – Click on the Open Account button.
Indonesian traders can start by visiting PrimeXBT’s official website and finding the “Open Free Account” banner on the homepage. Clicking this link will start the account registration process.
Step 2 – Provide your information.
Traders must complete the digital application form, providing personal details, financial experience, employment information, and other necessary particulars.
Step 3 – Complete the KYC procedure.
After applying, PrimeXBT will send a verification link to the trader’s registered email address. This link must be clicked to proceed with PrimeXBT’s account setup. As part of the process, traders must complete the Know Your Customer (KYC) procedure. This involves providing documentation to verify their identity and residential address, such as a government-issued ID and a recent utility bill.
PrimeXBT Vs FXView Vs Octa – Broker Comparison
| PrimeXBT | FXView | Octa | |
| ⚖️ Regulation | None; licensed in Seychelles and The Marshall Islands | CySEC, FSCA, FSC, SEBI | CySEC, SVG FSA |
| 📱Trading Platform | PrimeXBT | MetaTrader 4 MetaTrader 5 ActTrader | MetaTrader 4 MetaTrader 5 OctaTrader Octa App |
| 💰 Withdrawal Fee | Yes | No | No |
| 📊 Demo Account | Yes, with contests | Yes | Yes |
| 📈 Min Deposit | 1.03 million IDR (0.001 BTC) | 811,000 IDR ($50) | 405,500 IDR ($25) |
| 📈 Leverage | 1:1000 | 1:500 | 1:500 |
| 📊 Spread | From 0.05% | From 0.0 pips | 0.6 pips |
| 💰 Commissions | 0.05% | From $1 per lot | None |
| ✴️ Margin Call/Stop-Out | Flexible | 70%/50% | 25%/15% |
| ✴️ Order Execution | Instant | ECN | Market |
| 💳 No-Deposit Bonus | No | No | No |
| 📊 Cent Accounts | No | No | No |
| 📈 Account Types | Live Account | Zero Commission RAW ECN Premium ECN | OctaTrader Account Octa MetaTrader 4 Octa MetaTrader 5 |
| ⚖️ BAPPEBTI Regulation | No | No | No |
| 💳 IDR Deposits | No | No | No |
| 📊 IDR Account | No | No | No |
| 👥 Customer Service Hours | 24/7 | 24/5 | 24/7 |
| 📊 Retail Investor Accounts | 1 | 3 | 3 |
| ☪️ Islamic Account | No | Yes | Yes |
| 📉 Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| 📈 Maximum Trade Size | Flexible | 100 lots | 500 lots |
| 💸 Minimum Withdrawal Time | Instant | 1 day | 1 – 3 hours |
| 💰Maximum Estimated Withdrawal Time | Depends on the payment method – a few minutes to 48 hours | 1 day | 1 – 3 hours |
| 📞 Instant Deposits and Instant Withdrawals? | Yes | Yes, deposits | Yes, deposits |
| 🎉 Open an account | Open Account | Open Account | Open Account |
Trading Platforms and Software
PrimeXBT is a unique trading platform for Indonesians that caters to new and experienced traders. It offers a user-friendly interface and advanced technology, allowing traders to analyze the market and develop strategies.
In addition, the platform offers customizable charts, technical indicators, and different order types, catering to various trading preferences.
It supports trading in cryptocurrencies, indices, forex, and commodities, with leverage options of up to 1:1000 on forex pairs.
Besides these unique features, PrimeXBT prioritizes security and transparency, implementing strong protocols to safeguard trades and investments.
PrimeXBT offers one-click trading for quick execution and a demo account for risk-free practice before entering live markets. Overall, this comprehensive approach makes PrimeXBT a premier choice for Indonesian traders.
What trading platform does PrimeXBT provide to Indonesian traders?
PrimeXBT offers Indonesian traders its unique trading platform, delivering comprehensive tools and analytics for the smooth navigation of dynamic financial markets.
Is the PrimeXBT trading platform available via a web browser or mobile app?
Yes, Indonesian traders can access the PrimeXBT trading platform effortlessly using any web browser or downloading the mobile app, providing flexibility in trading.
Trading Instruments & Products
PrimeXBT offers the following trading instruments and products:
➡️Commodities – PrimeXBT offers Indonesian traders access to the commodities market, offering ten commodities, including precious metals like gold and silver and essential energy sources like oil and natural gas. It is ideal for expanding investment portfolios with physical assets.
➡️Indices – Indonesian clients can use the platform to predict market trends and diversify their portfolios by speculating on leading companies in 11 major global stock indices.
➡️Cryptocurrency – PrimeXBT caters to Indonesian traders by offering trading on 41 cryptocurrencies, including popular ones like Bitcoin and Ethereum, as well as emerging altcoins, offering diverse trading opportunities.
➡️Forex – PrimeXBT provides Indonesian traders access to 51 currency pairs, offering a diverse range of major and exotic options, allowing them to engage in one of the world’s largest and most liquid financial markets.
Can Indonesian traders diversify their portfolios on PrimeXBT?
Yes, Indonesian traders can diversify their portfolios by trading across several asset classes, including cryptocurrencies, currency, commodities, and indices, all on the PrimeXBT platform.
Are there any limits on the amount of trading instruments Indonesian traders may access on PrimeXBT?
No, PrimeXBT does not limit the amount of trading instruments Indonesian traders may access, giving them a broad selection of possibilities to diversify their trading tactics.
Overall Rating
- 3.0/5
Min Deposit
0.001 BTC
Regulators
None, registered in Seychelles and Marshall Islands
Trading Desk
PrimeXBT Platform
Crypto
Total Pairs
41
Islamic Account
Trading Fees
Account Activation
PrimeXBT Spreads and Fees
Spreads
Indonesian traders can access competitive spreads starting at just 0.05% through PrimeXBT, which is beneficial in forex trading. This helps reduce transaction costs and improve trading results.
However, these spreads are not fixed and can change based on market conditions, such as liquidity and volatility. Therefore, Indonesians should be alert during events like economic announcements or other volatile periods.
Commissions
PrimeXBT provides Indonesian traders with a favourable commission structure for cryptocurrency trades, charging 0.01% to 0.05% depending on the asset. These low rates encourage trading activity, but traders should know how these commissions accumulate with frequent trading.
Overnight Fees
PrimeXBT charges Indonesian traders overnight fees, also known as swap rates, to maintain leveraged positions after the market closes. These fees, varying based on the traded asset and market conditions, can impact the profitability of Indonesians’ long-term positions over time.
Deposit and Withdrawal Fees
PrimeXBT charges no deposit fees, allowing traders to fund their accounts without additional costs. However, withdrawals incur standard network miner fees of 0.0005 BTC, which are part of the blockchain’s transaction costs, and traders should be aware of these fees.
Inactivity Fees
PrimeXBT charges 0.005 BTC per month to Indonesian accounts that have been dormant for three months, encouraging ongoing trading activity.
Currency Conversion Fees
Indonesian traders using PrimeXBT, which uses cryptocurrencies as base currencies, must know conversion fees when converting IDR to BTC, ETH, USDT, USDC, or COV.
Furthermore, these fees are necessary for trading on the platform. Indonesians must pay attention to conversion rates applied by third-party services or payment processors for a fair exchange rate.
Are there any fees imposed on transactions conducted on PrimeXBT?
PrimeXBT offers favourable commissions on transactions, with commission prices ranging from 0.01% to 0.05% for cryptocurrency trades, enabling cost-effective trading for Indonesian traders.
Does PrimeXBT apply inactivity fees on inactive accounts?
Yes, PrimeXBT levies inactivity penalties on inactive accounts after three months of zero activity, with a 0.005 BTC inactivity cost paid monthly afterwards, encouraging Indonesian traders to stay active on the platform.
PrimeXBT 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
How to Deposit using Bank Wire Step by Step
✅To access your PrimeXBT trading account, navigate to the ‘Deposit’ section.
✅Choose the ‘Bank Wire’ option and follow the instructions to utilize a third-party service for your bank wire transfer.
✅Obtain the distinct deposit reference code from PrimeXBT essential for the transaction.
✅Initiate a bank wire transfer from your personal banking institution, and accurately provide the PrimeXBT reference number and banking details.
✅Once the transaction is submitted, Indonesians can monitor its progress. The funds can take a while to show up in your PrimeXBT account, depending on how long the banks and third-party services process them.
How to Deposit using Credit or Debit Card Step by Step
✅Access the PrimeXBT platform and navigate to your account’s ‘Deposit’ tab.
✅Select the credit/debit card option to access a secure page where you can enter your card details.
✅Enter your card details, including the card number, expiration date, security CVV code, and the cardholder’s name as it appears on the card.
✅Enter the desired deposit amount, double-check the accuracy of the information, and proceed with authorizing the transaction to complete the deposit.
How to Deposit using Cryptocurrency Step by Step
✅To access the ‘Deposit’ section in your PrimeXBT account, simply find and click on it.
✅Choose the cryptocurrency you would like to use for the deposit.
✅PrimeXBT will provide a one-of-a-kind deposit address or QR code for the cryptocurrency of your choice.
✅Send the desired amount from your cryptocurrency wallet to the provided PrimeXBT address or scan the QR code.
✅Confirm the transaction in your wallet and wait for blockchain confirmation.
Withdrawals
How to Withdraw using Bank Wire Step by Step
✅Access your PrimeXBT account and navigate to the ‘Withdrawal’ section.
✅Select the ‘Bank Wire’ withdrawal option, which will guide you to utilize a third-party service for processing the bank wire.
✅Enter your personal bank information, such as your account number, account holder’s name, and SWIFT/BIC code.
✅Provide the desired withdrawal amount in the correct currency and proceed by submitting the request.
✅Wait for the transaction to be processed, especially because it is done through third-party bridges.
How to Withdraw using Credit or Debit Cards Step by Step
✅Log into your account and go to the ‘Withdrawal’ section of the dashboard.
✅To ensure a seamless transaction, choose to withdraw funds to a credit or debit card, preferably the same one you used for your initial deposit.
✅Provide the desired withdrawal amount, verify the card information, and proceed with submitting the request.
✅Wait while PrimeXBT processes your withdrawal. The processing time may vary, ranging from a few hours to several business days, depending on the policies and procedures of your card provider.
How to Withdraw using Cryptocurrency Step by Step
✅Navigate to the ‘Withdrawal’ section in your PrimeXBT account.
✅Choose ‘Cryptocurrency Wallet’ as your preferred method for withdrawing funds.
✅Select the cryptocurrency you wish to withdraw and provide your external wallet address for fund transfer.
✅Provide the desired withdrawal amount and verify the request.
✅Monitor your external wallet to see when your funds will arrive. This timing will be influenced by the current blockchain network traffic and processing times.
Are there any fees involved with putting funds into a PrimeXBT account?
PrimeXBT does not impose fees for depositing funds into trading accounts.
How long does it take for withdrawals to be processed by PrimeXBT?
PrimeXBT aims to handle withdrawal requests swiftly, generally within a few hours and up to two business days, depending on the withdrawal method Indonesian traders select.
Leverage and Margin
PrimeXBT provides Indonesian traders leverage and margin options to enhance their trading capabilities. The platform offers leverage options up to 1:1000 for forex markets, allowing them to increase their market exposure with a small initial investment.
This high leverage ratio benefits Indonesians with limited funds to start trading the markets offered by PrimeXBT.
For cryptocurrencies, the leverage is capped at 1:100 for Bitcoin and Ethereum and 1:100 for altcoins. For other assets like indices and commodities, the leverage goes up to 1:100.
Moreover, this flexibility allows Indonesian traders to strategically position themselves according to the volatility and liquidity of each asset.
However, Indonesians must note that the potential for increased profits comes with a higher risk of amplified losses.
Therefore, Indonesian traders should implement strong risk management strategies, as PrimeXBT’s margin requirements protect against margin calls and liquidation risks.
What leverage options does PrimeXBT give to Indonesian traders for key currency pairs?
PrimeXBT provides leverage of up to 1:1000 on popular currency pairings like EUR/USD, allowing Indonesian traders to multiply their market exposure and perhaps boost their trading earnings.
Is leverage available for trading cryptocurrencies on PrimeXBT?
Yes, Indonesian traders may leverage their cryptocurrency transactions on PrimeXBT, with leverage ratios of up to 1:200 for Bitcoin and Ethereum, and up to 1:100 for altcoins.
Educational Resources
Guides
PrimeXBT offers comprehensive trading guides for Indonesian traders, covering account setup, trading basics, and platform features. These guides are designed to be user-friendly and relevant to the Indonesian market, ensuring traders can make well-informed decisions.
Whether beginners or experienced traders, PrimeXBT’s goal is to simplify complex trading concepts, empowering traders to make informed decisions in the financial markets.
Demo Account
The PrimeXBT demo account is an educational tool for Indonesian traders, offering live trading conditions without real risks.
Furthermore, this account option is suitable for beginners and experienced traders, allowing them to learn market dynamics and familiarize themselves with the platform. The risk-free environment ensures that no real capital is lost.
Tutorials
The tutorials provide a comprehensive trading education tailored to the global market, including Indonesians. They cover basic to advanced strategies, considering the unique trading environment in Indonesia to ensure relevance and practicality for traders.
Webinars
In Indonesia, Webinars are essential educational resources, offering live training sessions on market analysis, risk management, and effective trading strategies.
Led by experienced professionals, the PrimeXBT webinar sessions provide a dynamic learning experience for Indonesian traders, catering to their specific needs.
What educational materials does PrimeXBT supply to Indonesian traders?
PrimeXBT provides extensive educational tutorials, webinars, and trading manuals covering many themes, guaranteeing Indonesian traders comprehensive training tools to develop their trading knowledge and abilities.
Are the educational materials on PrimeXBT appropriate for both beginners and experienced traders?
Yes, PrimeXBT’s educational materials cater to traders of all experience levels, including beginner-friendly guidelines, advanced themes, and tactics to enable Indonesian traders to develop their trading abilities consistently.
Bonuses and Promotions
PrimeXBT tailors its promotions to cater to the varied trading Indonesian community, considering different experience levels and investment capabilities.
The Referral Bonus is a highly sought-after feature that lets traders generate additional income by referring new users to the platform.
We found that this program provides different commission levels, which can be attractive to individuals with a large social network and who are interested in trading.
Next up on our list, the Welcome Bonus is a crucial factor for Indonesian traders as it gives them an advantage by increasing their initial trading capital.
Moreover, this bonus is especially beneficial for beginners looking to explore trading without risking significant money right from the start.
PrimeXBT also offers Indonesians the Whale Trader bonus for traders with more experience and confidence in their abilities.
Our research on this offer found that it is designed to cater to experienced traders who operate with larger capital and aim to maximize their returns. It rewards substantial trading volumes with equally substantial bonuses, making it an attractive option for those seeking to make the most of their trading activities.
PrimeXBT offers the Easy Start Bonus and Trade & Earn promotions to support traders in their initial phases and as they grow their trading activity, respectively.
Furthermore, these bonuses encourage users to engage in regular trading and enhance their abilities by providing rewards for reaching certain trading volumes.
Finally, PrimeXBT offers Contests and Leaderboard Challenges to enhance the trading experience, allowing traders to engage in friendly competition and have the opportunity to win prizes based on their trading performance.
Overall, we found that PrimeXBT offers a wide range of bonuses and promotions that provide Indonesian traders with comprehensive incentives to encourage and reward their trading activities at all levels.
How can I take part in the Indonesian trading contests with PrimeXBT?
Indonesian traders can participate in PrimeXBT’s trading contests by registering on the PrimeXBT platform and fulfilling the contest requirements.
Does PrimeXBT provide its Indonesian traders with a loyalty program?
No. However, despite lacking a conventional loyalty program, PrimeXBT compensates active traders with many bonuses and promotions.
Affiliate Programs
Features
With its combination of CPA (Cost Per Acquisition) and profit-sharing options, the PrimeXBT affiliate network is a great choice for Indonesian traders.
We found that PrimeXBT offers substantial incentives for affiliates with a large audience to join the platform since they can earn up to $2,500 for every eligible customer they bring in.
In addition, Indonesian affiliates can earn a steady stream of revenue linked to the trading activity of clients, they suggest, thanks to the profit-sharing model, which gives them half of the trading fees made by their referrals.
Overall, this function is particularly appealing in Indonesia’s booming digital economy, where many people look for ways to make money without doing anything.
Furthermore, we also found that participants with large social networks stand to gain even more from the program’s tiered compensation structure, which provides scaled fees for indirect referrals that go as deep as four tiers.
How to Register an Affiliate Account with PrimeXBT Step-by-Step
Step 1 – Click on the Partners tab.
Visit the PrimeXBT website and locate the “Partners” section by navigating to the uppermost section of the homepage.
Step 2 – Select the Become a Partner option.
After navigating to the “Partners” section, select “Become a Partner.” This link will lead you to the application page for the affiliate program.
Step 3 – Fill out the form.
Complete the application by providing the required details, including your name, email address, and phone number.
Step 4 – Choose a password.
Select a password that satisfies the PrimeXBT-specified security requirements to safeguard your affiliate account.
Does the Indonesian PrimeXBT affiliate program offer any performance-based rewards?
Yes. PrimeXBT offers incentives depending on performance. For example, top-performing Indonesian affiliates receive greater commission rates.
Can I monitor my PrimeXBT referral profits instantly?
Yes. PrimeXBT provides affiliates with a real-time tracking dashboard for their revenue and referral activities.
Customer Support
Customer Support PrimeXBT Customer Support ⏰ Operating Hours 24/7 🗣 Support Languages Multilingual 👥 Live Chat Yes 📱 Email Address Yes 📞 Telephonic Support Yes ✅ The overall quality of FXView Support 4/5
Response Time
📞 Support Channel ⏰ Average Response Time 👥 User-based Response Time Phone 1 – 5 minutes 5 minutes Email 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
Are there any in-person PrimeXBT support centres in Indonesia?
No. PrimeXBT doesn’t have any physical support offices in Indonesia. Therefore, all support is offered online.
What is the best approach for Indonesian customers to contact PrimeXBT for technical support?
Using the live chat option on the PrimeXBT website is the most effective approach to receiving technical support.
PrimeXBT User Comments and Reviews
We found the following customer reviews on popular and reputable websites regarding PrimeXBT:
➡️”PrimeXBT offers a wide variety of leverage options, which is extremely useful when I wish to increase the size of my trading positions.”
➡️”PrimeXBT is an ideal platform for high-frequency trading, which is precisely what I was searching for.”
➡️In general, my encounter with PrimeXBT has been favourable. I have already advised several of my trading companions to utilize it!”
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Conclusion
Our final thoughts are that PrimeXBT is a popular platform for Indonesian traders, offering leverage of up to 1:1000 on forex pairs and a wide range of trading instruments, including cryptocurrencies and currency pairs.
Furthermore, we also found that using cryptocurrencies as base currencies adds complexity due to their volatility and the need for currency conversion.
Our Insight
In my opinion, is PrimeXBT a good broker, but they should consider offering the MetaTrader platform. As well as expanding their local regulations. They also have restrictions on the number of payment methods available.
Our Recommendations on PrimeXBT
Based on our comprehensive review, we can make the following recommendations on how PrimeXBT can improve its offer:
➡️To draw in Indonesia’s sizable Muslim community, provide Sharia-compliant trading accounts and products while ensuring that trading procedures adhere to the precepts of Islamic finance.
➡️To make transactions easier and more convenient for Indonesian traders, integrate more Indonesian payment systems for deposits and withdrawals, such as Gopay, OVO, and local bank transfers.
➡️Add more important regional assets to Indonesian traders, such as Indonesian equities and commodities. This would serve both global options traders and those interested in local markets.
PrimeXBT Pros & Cons
| ✅ Pros | ❌ Cons |
| Indonesians can start trading with a minimum deposit of 0.001 BTC, giving them access to various markets and corresponding instruments | PrimeXBT is not locally regulated in Indonesia |
| PrimeXBT is well-known for its robust trading platform and sophisticated trading tools | Indonesians cannot deposit or withdraw in IDR, and there are no local payment methods available |
| There is a free demo account for Indonesians to test strategies and practice trading | There are restrictions on the number of payment methods offered for deposits and withdrawals |
| There is a competitive commission structure in place with favourable rates | PrimeXBT does not accept fiat currencies as the base currencies for accounts |
| PrimeXBT offers dedicated customer support and a website available in Indonesian | PrimeXBT does not offer MetaTrader |
| Indonesians can trade several other instruments like forex, commodities, and indices | There is a steep learning curve involved with PrimeXBT’s platform |
| Traders can use several competitive strategies on PrimeXBT | Inactivity and withdrawal fees apply |
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Frequently Asked Questions
How can Indonesian traders open a PrimeXBT account?
Indonesian traders can open a PrimeXBT account through a simple online application process. They must verify their email address and complete the KYC procedure, which requires uploading identification documents. After verification, users can easily deposit funds and start trading on the diverse markets provided by PrimeXBT.
Does PrimeXBT provide staking or yield farming options?
No, PrimeXBT’s primary focus is margin trading, and they do not provide staking or yield farming functionalities.
What can I trade with PrimeXBT?
PrimeXBT offers several markets to Indonesians, including Forex, commodities, cryptocurrencies, and indices.
Is PrimeXBT a safe broker?
Yes, despite its lack of local regulation, PrimeXBT is a safe broker for Indonesians. Furthermore, PrimeXBT employs several robust risk management strategies and security measures to protect Indonesians and their funds.
Is leverage trading too risky for beginners in Indonesia?
Yes, it might be. Trading with leverage can significantly increase the potential for profits and the risk of losses. However, Indonesian beginners can start by obtaining a comprehensive education and engaging in small trades to develop an understanding of the associated risks.
Where is PrimeXBT based?
PrimeXBT is based in Seychelles and offers its services to most countries globally where its services are not banned.
Can Indonesian traders utilize leverage on commodities with PrimeXBT?
Yes, PrimeXBT allows Indonesian traders to use leverage up to 1:100 when trading commodities.
Are there any communities in Indonesia where I can connect with fellow PrimeXBT traders?
Yes, Indonesians can explore social media platforms such as Facebook and Telegram to find Indonesian groups dedicated to cryptocurrency trading, specifically focusing on PrimeXBT.
How long does PrimeXBT’s withdrawal take?
Withdrawals with PrimeXBT are primarily through cryptocurrency wallets, which can take a few hours and up to 2 days.
Can I make deposits and withdrawals in Indonesian Rupiah (IDR)?
No, PrimeXBT focuses mainly on cryptocurrencies such as Bitcoin. To make a deposit, you must convert your IDR into a supported cryptocurrency. Similarly, you must convert the cryptocurrency back into IDR when you want to withdraw.
What is PrimeXBT’s minimum deposit?
The minimum deposit to start trading with PrimeXBT is 0.001 BTC or an equivalent in IDR.
Is PrimeXBT halal to Islamic traders?
No, PrimeXBT provides margin trading, which may incur interest. If one is considering margin trading with interest. Therefore, Indonesians must seek guidance from a religious authority to obtain a personalized determination because some Islamic scholars view this practice as haram.
Social Responsibility
PrimeXBT provides no information regarding past, current, or future CSR projects or initiatives.