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PrimeXBT offers a powerful CFD Trading platform where you can trade over 100+ assets across multiple markets, including cryptocurrencies, forex pairs, stock indices, and commodities.
Opening a CFD Trading account on PrimeXBT
You can choose which instrument you want to trade right when registering your account:
Or after registration by selecting the ‘CFD Trading’ button located on the left side of the top main menu.
On our platform you can choose between your Real or Demo Account. Once you click on either one, you will be taken to the trading interface.
Note: The Demo Account is for practice purposes only. The funds displayed in your Demo Account are virtual and cannot be withdrawn. They are provided solely for you to practice trading and familiarize yourself with our platform’s functionalities.
Before you start trading
After deciding whether you want to trade CFDs, you can choose your preferred method for opening a trade.
To the right of your trading account name, in the center of the screen, you will see a drop-down menu that allows you to select between different types of trading available on the platform:
Regular trading
One-click trading
Dbl-click trading
The One-click trading feature allows you to open and close positions and cancel orders with just one click.
Orders will be sent immediately without confirmation.
Cancelations will be sent immediately without confirmation.
Closing positions will be sent immediately without confirmation.
Closing position will close the entire position.
New entry order type is set to market order. No protection orders are attached to new orders.
New order quantity is defined by the quantity selector near the trade buttons.
Regular trading
This setting allows you to see the New Order window before placing a new order and the Confirmation window before closing a position or canceling an order.
Double-click trading
This setting allows you to send new orders, cancel working orders, and close positions without Confirmation with a double click.
A single mouse click will open the New Order window before placing a new order and will open a Confirmation window before closing a position or canceling an order.
Account menu sections
Below your account name, you will see a list of currently available sections:
TRADE
Charts
Trading History
Activity Log
TRADE displays assets available for trading.
Clicking on Charts displays chart positions for selected assets in real time.
Trading History shows your past trades.
Activity log features notifications about your trading account and changes that occurred on the platform.
You can add sections by clicking on the plus sign and dragging the relevant widget where you want - you can place it anywhere on the platform, and create your unique menu.
Below TRADE is a drop-down menu that lets you select which markets to display. All markets are initially displayed, but you can choose to display only CFD, Crypto, or Forex. A chart with the status of your selected asset is displayed on the right side of the screen.
Market assets are listed by their symbol name, followed by Bid amount, Ask, and Changes.
On the right side of each asset is a Trade button that enables you to proceed with trading your selected asset.
We will now explain the details of placing an order.
How to place an order
Placing an order on our platform is very easy.
Choose your asset
Select the asset you want to trade. Click on the Trade button.Initiate a trade
A pop-up menu will open displaying your New Order.
Click ‘Buy’ if you anticipate the asset’s price will rise.
Click ‘Sell’ if you expect the asset’s price will decline.
You can also initiate trades directly from the chart by clicking on the Buy or Sell buttons above the chart.
Set your order details
Order Type: Choose between market orders, limit orders, or stop orders.
Amount: Enter the volume of the asset you wish to trade.
Confirm your direction
Decide whether to ‘Buy’ or ‘Sell’ the asset.Add optional risk management tools
Stop Loss: Set a price level to automatically close your trade if the market moves against you.
Take Profit: Set a price level to lock in gains when the market reaches your desired target.
Submit your trade
Click ‘Send Order’ to place your trade.
If you decide not to trade, select ‘Cancel’.