Scam Forex Brokers in Namibia
PrimeXBT Review
PrimeXBT is a regulated broker in good standing that caters to Namibian clients. They have several tutorials and guides ideal for professionals and novices. Namibians can easily register a demo account to explore PrimeXBT’s offering.
- 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 Withdrawals
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
We evaluated PrimeXBT and found that since its founding in 2018, the broker has quickly become a major participant in international trading.
Operating out of the Marshall Islands and Seychelles, PrimeXBT stands out from other forex and CFD brokers in Namibia by providing a wide range of financial products and the standard fare of foreign exchange and contracts for difference trading.
Moreover, the innovative way PrimeXBT integrates conventional financial markets with cryptocurrency draws traders from Namibia. With this hybrid strategy, Namibian traders may access a wider range of assets, including indices, commodities, cryptocurrencies, and FX.
PrimeXBT’s innovative spirit shines through its diverse asset offering and intuitive trading interface. High leverage options (up to 1:1000) and other advanced features allow traders to make the most of their money with little to no initial commitment on the platform.
In addition, PrimeXBT prioritizes the importance of efficiency for modern traders, which is why it offers fast and easy cryptocurrency deposits and withdrawals.
Because it provides a streamlined method of managing their funds in this digital-first era, this feature is very attractive to traders in Namibia.
In our experience, despite competition from new entrants and shifting financial conditions, PrimeXBT has maintained its position as the industry leader in digital trading.
Overall, we can say that the unique approach, security safeguards, and customer-focused services offered by PrimeXBT make it an attractive alternative for Namibian traders looking for chances in the financial markets.
Does PrimeXBT provide 24/7 customer support?
Yes, PrimeXBT offers round-the-clock customer service to help Namibian traders with any concerns or difficulties they could have while using the platform.
What makes PrimeXBT unique from other trading platforms?
PrimeXBT differentiates itself with its high leverage options, low minimum deposit requirements, unique copy trading features, and a large selection of trading instruments, serving both novices and experienced traders in Namibia.
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, Namibian, 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 |
Regulation and Safety of Funds
Despite the platform’s absence of regulation in Namibia, our investigation into PrimeXBT’s security measures for Namibian traders uncovered a strong architecture meant to protect user assets and information.
To ensure the protection of digital assets, trader privacy, and trading activities, PrimeXBT employs a multi-layered security strategy.
Cold storage is integral to PrimeXBT’s security policy for most digital assets. By physically removing money from the internet, this strategy significantly lessens the likelihood of cyber theft and illegal access.
The platform requires all users’ two-factor authentication (2FA) to safeguard user accounts from unwanted access.
Plus, the sensitive information that traders send to PrimeXBT’s servers is confidential and uncompromised since the company uses SSL encryption. Encryption plays a crucial role in protecting the privacy of traders’ financial and personal information.
Even though PrimeXBT isn’t regulated locally in Namibia, our research shows that it’s serious about giving Namibian traders peace of mind by implementing cutting-edge security features.
Regulation in Namibia
PrimeXBT is not currently regulated by the Bank of Namibia (BoN). 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 |
What function does cold storage play in PrimeXBT’s security infrastructure?
PrimeXBT uses cold storage to keep a considerable percentage of customers’ funds offline, decreasing the risk of illegal access and possible losses in the case of a security breach.
Can Namibian traders set up and use two-factor authentication (2FA) on their PrimeXBT accounts?
Yes, PrimeXBT mandates two-factor authentication (2FA) for all accounts, adding an extra layer of protection to Namibian traders’ accounts and helping prevent unwanted access.
Awards and Recognition
A thorough examination of PrimeXBT’s website revealed numerous distinctions:
➡️PrimeXBT won the award for the “Best Platform for Online Trading.”
➡️At the 2022 Crypto Expo in Dubai, PrimeXBT was named the “Most Trusted Crypto-Asset Trading Platform.”
➡️During the 2022 ADVFN International Financial Awards, the platform received awards for “Best Crypto Trading Platform,” “Best Crypto and Forex Broker,” and “Best Crypto Trading App.”
➡️PrimeXBT also received recognition as the “Best Mobile 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 / 1,270 NAD
👉 Open an account Open Account
Demo Account
We registered a demo account with PrimeXBT and found that it is a great resource for traders in Namibia who are new to online trading. This account uses virtual money to mimic real trading situations without putting traders at risk with their money.
As a place to study and practice various trading methods in a risk-free setting, it is an indispensable resource for beginners.
However, the benefits of the PrimeXBT demo account do not end there; even experienced traders may use the trial account to test out new markets or strategies without risking capital.
At its core, the PrimeXBT Demo Account is an instructional effort on the platform highlighting the need to learn new things to be a successful trader.
Standard Account
Based on our research of PrimeXBT’s offerings, we can say that the PrimeXBT Standard Account is a great way for Namibian traders to enter the online financial trading world.
This account is designed to cater to traders of all skill levels. It enables Namibians to delve into other markets, including indices, commodities, and cryptocurrencies, with a modest initial investment of 0.001 BTC, around 1,270 NAD.
With such a low entry point, traders have a greater chance of participating in foreign markets, which can help diversify investment portfolios.
The low trading costs are the most notable feature of the PrimeXBT Standard Account. Spreads start at a pitiful 0.05%, drastically reducing the cost of trading—an essential consideration for novice and veteran traders who want to make the most of their investments.
Not to mention, the leverage of up to 1:1000 is impressive. It increases the chances of getting bigger profits and emphasizes managing risk carefully.
The account’s design results from carefully considering traders’ needs; it offers a solid foundation for a wide range of trading operations.
What leverage options are available with PrimeXBT accounts?
PrimeXBT provides leverage of up to 1:1000, allowing Namibian traders to increase their market exposure and even boost their earnings across numerous trading products.
Can Namibian traders tailor their trading experience with PrimeXBT accounts?
Yes, Namibian traders can easily tailor their trading experience on PrimeXBT using comprehensive charting tools, technical indicators, and multiple order types accessible on the platform.
How To Open a PrimeXBT Account
To register an account with PrimeXBT, follow these steps:
Step 1 – Click on the Register button.
To register, either click the “Register” or “Open Free Account” button.
Step 2 – Complete the form.
You’ll be asked to create a secure password and email address. Check your PrimeXBT verification email once you submit the registration form. You can expect a verification code or link in this email. The Know Your Customer (KYC) procedure must be fulfilled before your account can be completely activated. To complete this, upload your proof of identity (government-issued ID document) and residential address (utility bill or credit card statement).
PrimeXBT vs. FXGT.com vs. JustMarkets – Broker Comparison
| PrimeXBT | FXGT.com | JustMarkets | |
| ⚖️ Regulation | None; licensed in Seychelles and The Marshall Islands | FSCA, CySEC, VFSA, FSA | CySEC, FSCA, FSA, FSC |
| 📱Trading Platform | PrimeXBT | MetaTrader 4 MetaTrader 5 | MetaTrader 4 MetaTrader 5 JustMarkets App |
| 💰 Withdrawal Fee | Yes | No | No |
| 📊 Demo Account | Yes, with contests | Yes | Yes |
| 📈 Min Deposit | 1,200 NAD (0.001 BTC) | 96 NAD ($5) | 192 NAD ($10) |
| 📈 Leverage | 1:1000 | 1:1000 | Up to 1:3000 |
| 📊 Spread | From 0.05% | From 0.0 pips | From 0.0 pips |
| 💰 Commissions | 0.05% | $6 on Forex $5 on Precious Metals 0.1% on Crypto Assets | $6 per lot traded |
| ✴️ Margin Call/Stop-Out | Flexible | 50% – 70% (M) 20% – 40% (SO) | 40%/20% |
| ✴️ Order Execution | Instant | Market | Market |
| 💳 No-Deposit Bonus | No | Yes | Yes |
| 📊 Cent Accounts | No | Yes, Mini | Yes |
| 📈 Account Types | Live Account | Mini Account Standard+ Account Pro Account ECN Account | MT4 Standard Cent Account MT4 Standard Account MT4 Pro Account MT4 Raw Spread Account MT5 Standard Account MT5 Pro Account MT5 Raw Spread Account |
| ⚖️ BoN Regulation | No | No | No |
| 💳 NAD Deposits | No | No | No |
| 📊 NAD Account | No | No | No |
| 👥 Customer Service Hours | 24/7 | 24/7 | 24/7 |
| 📊 Retail Investor Accounts | 1 | 4 | 7 |
| ☪️ Islamic Account | No | Yes | Yes |
| 📉 Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| 📈 Maximum Trade Size | Flexible | 200 lots | 100 lots |
| 💸 Minimum Withdrawal Time | Instant | Instant | 1 – 3 hours |
| 💰Maximum Estimated Withdrawal Time | Depends on the payment method – a few minutes to 48 hours | 1 – 5 Business Days | 6 banking days |
| 📞 Instant Deposits and Instant Withdrawals? | Yes | Yes, Both | Yes, deposits |
| 🎉 Open an account | Open Account | Open Account | Open Account |
Trading Platforms and Software
We found PrimeXBT’s trading platform well-designed with an easy-to-navigate layout suitable for Namibian traders of all skill levels. Namibians can trade cryptocurrencies, commodities, indices, and currency all from the same place with PrimeXBT’s platform.
It’s a one-stop shop for all your trading needs. Our testing revealed that the platform is optimized for performance and efficiency, as seen by the remarkable simplicity of browsing multiple markets and the fluidity in completing trades.
The leverage options available on the PrimeXBT platform are one of its standout characteristics, going as high as 1:1000 for major currency pairs.
Namibians who want to optimize their trading potential with smaller investment amounts will find this high-leverage feature advantageous.
Namibians will value the seamless integration of this tool into the platform’s operation. It lets traders customize their leverage levels based on risk tolerance and trading strategy.
In addition, traders can enjoy a more favourable trading environment with reduced transaction costs and attractive spreads beginning at only 0.05% for currency pairs on the platform, which could increase profits.
PrimeXBT’s platform prioritizes security, which is essential for traders in Namibia. Furthermore, we were relieved that the platform has safeguards to protect traders’ interests, such as two-factor authentication (2FA) and cold storage of digital assets.
Trading tools and real-time market data are easily accessible thanks to the platform’s architecture, allowing users to make educated decisions without relying on external resources.
The platform’s demo account function was another thing that drew our interest. Traders can test various strategies or familiarize themselves with the platform’s features in this practice environment, which simulates a real trading environment without financial risk.
Finally, our investigation into PrimeXBT’s trading platform for traders in Namibia has shown a comprehensive, safe, and intuitive setting.
It expertly meets the varied demands of traders by providing a safe trading environment, various trading instruments, and high-leverage choices.
Because of this, it is an attractive option for Namibian traders who want to access international financial markets.
Can Namibian traders get real-time market data on the PrimeXBT platform?
Yes, Namibian traders can access real-time market data, including price quotes, charts, and order book information, allowing educated trading choices on the PrimeXBT platform.
Does the PrimeXBT platform provide multi-language support for Namibian traders?
Yes, PrimeXBT caters to Namibian traders by offering multi-language support on its trading platform, assuring accessibility and convenience for users from varied linguistic backgrounds.
Trading Instruments & Products
PrimeXBT offers the following trading instruments and products:
➡️Commodities – Namibian traders can diversify their investment horizons with PrimeXBT, offering access to 10 commodities, including precious metals and essential energy like oil and natural gas.
➡️Indices – Namibian traders can trade on eleven global stock indexes with PrimeXBT, providing exposure to top firms across various industries without selecting specific equities, allowing them to bet on market direction.
➡️Forex – Namibian traders can utilize PrimeXBT, the world’s most liquid financial market, with 51 currency pairings, enabling strategic trades based on geopolitical events, economic data, and market mood.
➡️Cryptocurrencies – PrimeXBT offers 41 cryptocurrencies for trading, providing Namibian traders with a wide range of high-volatility trades with potential rewards.
How many cryptocurrencies are available for trading on PrimeXBT?
PrimeXBT provides trading on 41 different cryptocurrencies, offering Namibian traders sufficient options to engage in the fast-increasing crypto industry.
Does PrimeXBT provide trading on main FX pairs?
Yes, Namibian traders can trade on 51 main forex currency pairs on PrimeXBT, including major, minor, and exotic pairs.
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
PrimeXBT offers competitive forex pair spreads starting at 0.05%, reducing trade costs and increasing profitability for Namibian traders.
These narrow spreads across various trading products demonstrate PrimeXBT’s commitment to providing affordable trading conditions demonstrating its dedication to providing excellent trading conditions.
Commissions
Our research showed that the commission structure of PrimeXBT is clear and beneficial. Compared to other companies, the charges charged for cryptocurrency trades are low, ranging from 0.01% to 0.05%.
Because it helps to keep transaction costs manageable over time, this pricing model is great for active traders, particularly those who join and exit positions regularly.
Overnight Fees
As part of the overall trading expenses for overnight positions, PrimeXBT charges an overnight fee. Furthermore, these costs are determined by the position size and the asset type being exchanged.
Our research shows that traders should be wary of these costs since they could add up, especially for leveraged positions held over several nights.
Deposit and Withdrawal Fees
The straightforward and efficient nature of PrimeXBT’s deposit and withdrawal fees was evident when we evaluated these fees.
Deposits are free of charge, which is beneficial for traders who want to make the most of their trading funds.
Nevertheless, the blockchain network charges a typical fee of 0.0005 BTC for Bitcoin withdrawals.
While the PrimeXBT team has no say over this charge, it remains a vital part of the blockchain network’s infrastructure for safe and fast transactions. Therefore, Namibians must consider this when they calculate trading costs.
Inactivity Fees
The inactivity costs of PrimeXBT were also considered in our evaluation. The monthly inactivity charge for accounts without position or performing a transaction in three months is 0.005 BTC.
Although this charge promotes active market involvement, it is something to consider for individuals who would rather take a more passive approach to investing.
Currency Conversion Fees
Namibian traders, particularly those working with cryptocurrency as a base currency, should consider PrimeXBT currency conversion fees.
Although PrimeXBT does not directly charge any fees for currency conversion, traders should be mindful that third-party services might impose fees when converting NAD to cryptocurrencies or cryptocurrencies to NAD.
Does PrimeXBT charge any withdrawal fees for Namibian traders?
PrimeXBT does not levy withdrawal fees, but Namibian traders must pay regular network miner costs when withdrawing money in cryptocurrencies, guaranteeing transparent and cost-effective fund withdrawals.
How does PrimeXBT’s cost structure compare to other trading platforms accessible to Namibian traders?
PrimeXBT provides reasonable costs and spreads compared to other trading platforms, making it an excellent alternative for Namibian traders seeking cost-effective trading solutions with transparent pricing structures.
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
✅Proceed to the “Deposit” area after logging into your PrimeXBT account.
✅Choose the “Bank Wire” option to view the bank transfer information.
✅To turn your bank wire into cryptocurrency, use the third-party service that PrimeXBT is linked to.
✅You can send money from your bank account to the third-party provider using the data provided, including the reference code that PrimeXBT issued for the transaction.
✅The money might not show up in your PrimeXBT account for a few days after the transfer is complete because of how long banks and third-party services might take to conduct the transactions.
How to Deposit using Credit or Debit Card Step by Step
✅Find the “Deposit” tab in your PrimeXBT account and click on it.
✅To use a debit or credit card to make a deposit.
✅Provide your credit card details, including the number, expiration date, CVV code, and name as it appears on your card.
✅Just type in the amount you want to deposit.
✅Choose NAD as the payment method if available; otherwise, use the other currency options.
How to Deposit using Cryptocurrency Step by Step
✅To access the “Deposit” section of your PrimeXBT account, log in using your credentials.
✅Choose the cryptocurrency you want to deposit.
✅PrimeXBT will create a one-of-a-kind QR code or deposit address for the cryptocurrency you choose.
✅Send the specified amount of cryptocurrency to the given PrimeXBT address or scan the QR code using your external wallet.
✅After completing the required network confirmations, the funds will be deposited into your account.
How to Deposit using e-Wallets or Payment Gateways Step by Step
✅Proceed to the “Deposit” area after logging into your PrimeXBT account.
✅Select the e-wallet or payment gateway that best suits your needs from the options provided.
✅Your online wallet or payment gateway account information is required.
✅Follow the instructions on-screen to fund your PrimeXBT account with an e-wallet or payment gateway.
Withdrawals
How to Withdraw using Bank Wire Step by Step
✅You can choose the ‘Bank Wire’ option in your PrimeXBT account’s “Withdrawal” section.
✅If you need to convert your withdrawal to your local currency, you can use a third-party provider. Just follow the steps that are provided on the interface of the provider.
✅Enter the account number and SWIFT/BIC code in the required fields.
✅Submit your withdrawal request and wait for PrimeXBT and the third-party provider to complete it.
How to Withdraw using Credit or Debit Cards Step by Step
✅To withdraw funds from your PrimeXBT account to a debit or credit card, go to the “Withdrawal” section and select the appropriate option.
✅If you withdraw using the same card you used to make a deposit, check that the information is accurate.
✅You must specify the amount you want to withdraw.
✅Complete the withdrawal form. Furthermore, the time required for processing will differ from one bank to another.
How to Withdraw using Cryptocurrency Step by Step
✅Find the “Withdrawal” tab after logging into your PrimeXBT account.
✅Choose the cryptocurrency in which you want to withdraw your funds.
✅Provide your wallet address.
✅Provide the quantity of cryptocurrency to be withdrawn.
✅The withdrawal must be confirmed and finalized.
How to Withdraw using e-Wallets or Payment Gateways Step by Step
✅Select “Withdrawal” from the menu that appears on your PrimeXBT account.
✅Click on the payment gateway or e-wallet you want to use.
Is there a minimum withdrawal amount on PrimeXBT?
No, PrimeXBT does not impose a minimum withdrawal amount, giving Namibians flexibility regarding fund withdrawal.
Does PrimeXBT allow third-party payment processors for deposits and withdrawals?
Yes, PrimeXBT collaborates with numerous third-party payment processors to enable deposits and withdrawals for Namibian traders, ensuring ease and flexibility in handling their funds.
Leverage and Margin
Our evaluation of PrimeXBT’s features for Namibian traders led us to focus on the platform’s margin policies and leverage settings. PrimeXBT provides extremely high-leverage options, with currency pairings offering leverages of up to 1:1000.
This lets traders increase their trading exposure with smaller amounts of capital, which might result in substantial profit margins. However, we give Namibians a word of caution: greater risks accompany such high leverage.
Traders on PrimeXBT can access leverage of up to 1:100 across various trading assets, including cryptocurrencies such as Bitcoin and Ethereum. As a result, more Namibian traders can benefit from high-leverage trading, which will help them improve their trading techniques.
Even though there is a chance of great profitability, Namibians should be cautious. The risk of suffering large losses is heightened when leverage is high, and the market turns against a trader’s position.
Therefore, PrimeXBT stresses the significance of employing meticulous risk management strategies. Traders can make educated decisions and successfully control their exposure with the help of their platform’s extensive risk management tools and resources.
PrimeXBT’s margin requirements aim to reduce the likelihood of liquidation by ensuring that holdings are sufficiently funded to weather market swings.
Furthermore, PrimeXBT’s active trading environment aims to ensure the safety of traders by combining high leverage with rigorous margin constraints.
Can Namibian traders participate in short-selling using leverage on PrimeXBT?
Yes, PrimeXBT lets Namibian traders participate in short-selling, allowing them to benefit from market losses by selling assets they do not already own and repurchasing them at a cheaper price.
Does PrimeXBT provide leverage customization options for Namibian traders?
Yes, PrimeXBT lets Namibian traders alter their leverage levels according to their particular trading style and risk tolerance, offering flexibility and control over their trading positions.
Educational Resources
PrimeXBT offers the following educational resources:
➡️Guides – PrimeXBT provides Namibian traders with guides on account setup, trading basics, and platform features. These guides are written in simple language, making them accessible to all traders, regardless of experience or newcomers, ensuring confident navigation of forex and CFD markets.
➡️Demo Account – PrimeXBT’s Demo Account benefits Namibian traders, offering a risk-free environment for practising strategies, exploring trading instruments, and familiarizing with the platform without risking money. This is especially beneficial for beginners, allowing them to gain experience and confidence before moving to live trading.
➡️Tutorials – PrimeXBT offers tutorials on strategy development, market analysis, and risk management for Namibian traders. These engaging and informative courses help traders improve their analytical skills, make informed decisions, and enhance their trading performance.
➡️Webinars – Namibian traders can access webinars hosted by PrimeXBT, where they can learn from experienced professionals on market trends and advanced trading tools, providing real-time insights and a collaborative learning environment beyond traditional education formats.
Does PrimeXBT provide specialized training or mentorship for Namibian traders?
No, it does not. However, while PrimeXBT does not provide individual training or mentorship services, Namibian traders can easily benefit from the educational materials and community forums available to learn from peers and industry professionals.
Can Namibians access videos and eBooks with PrimeXBT?
No, PrimeXBT does not offer educational videos or eBooks on the official website. Therefore, Namibians might have to use external resources for these tools and materials.
Bonuses and Promotions
PrimeXBT provides a variety of bonuses and rewards to Namibian traders based on their trading styles and experience levels. One important feature is Leaderboard Challenges, which allow traders to compete for top ranks and major awards.
Furthermore, these challenges aim to promote competition and honour the top traders depending on their performance.
We also came across the Trade & Earn bonus, which rewards Namibians according to their trading volume. This incentive encourages regular trading and allows traders to benefit from their site activities immediately.
The Welcome Bonus is a significant incentive for beginners, increasing initial trading capacity for individuals still getting to know the platform. This is especially useful for new traders who want additional resources to start their trading career with a top broker like PrimeXBT.
The Easy Start Bonus and Whale Trader promos are designed to help traders at various career points. The former honours early achievements, but the latter pays awards for high-volume trading, appealing to Namibia’s more aggressive traders.
Furthermore, PrimeXBT also provides a Referral Bonus program and a variety of Contests to increase engagement and possible revenue.
In addition, the referral program allows traders to earn passive revenue by referring others to join the platform, which may appeal to Namibia’s community-driven trading environment.
Can Namibian traders participate in PrimeXBT’s Leaderboard Challenges?
Yes, Namibian traders can compete in the Leaderboard Challenges alongside traders worldwide.
What should Namibian traders know before taking part in PrimeXBT promotions?
We urge traders to read the terms and conditions for each promotion since they describe the eligibility, restrictions, and participation requirements.
Affiliate Programs
Features
In Namibia, the PrimeXBT affiliate program is intended to assist traders in increasing their profits. It provides two primary ways to earn: CPA and revenue sharing.
CPA allows affiliates to earn up to $2,500 for introducing a new client to the site. This is a major problem, especially in a market where traders expect unambiguous gains.
Additionally, affiliates can earn up to 50% of the trading costs paid by clients they promote. This is ideal for traders who wish to create a stable income over time.
In our experience, the program’s multi-level referral structure is ideal for Namibia, where relationships are critical. It not only pays direct referrals but also provides advantages at many referral levels, hence increasing possible profits.
How to Register an Affiliate Account with PrimeXBT Step-by-Step
Namibians can register as PrimeXBT affiliates by following these instructions:
Step 1 – Click on the Partner tab.
Visit the PrimeXBT website, where the “Partners” link will be visible in the top menu.
Step 2 – Select the Become a Partner option.
Click the banner and the Partners site will load, where you can click “Become a Partner” to be redirected to the affiliate program’s registration page.
Step 3 – Fill out the form.
Provide your name, email address, and phone number in the designated sections on the registration form.
Step 4 – Create a password.
Create a strong password to safeguard your account’s security and your personal information. After carefully reading the terms of service to grasp the extent of the affiliate program and your participation, agree to them. Click the submit button, and PrimeXBT will review your application. Once approved, an email confirming your registration will be sent to you along with your credentials.
Does PrimeXBT provide any tools to assist Namibian affiliates?
Yes. PrimeXBT offers a variety of marketing tools, such as banners, links, and analytics, to assist Namibian affiliates in tracking and optimizing their referral campaigns.
Can Namibian affiliates join PrimeXBT’s unique affiliate contests?
Yes. There are unique contests and promotions for affiliates, including performance-based prizes and awards.
Customer Support
Customer Support PrimeXBT Customer Support
⏰ Operating Hours 24/7
🗣 Support Languages Multilingual
👥 Live Chat Yes
📱 Email Address Yes
📞 Telephonic Support No
✅ 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
Can Namibian traders submit a support request if they face problems with PrimeXBT?
Yes, Namibian traders can file support tickets via the PrimeXBT website or email, outlining their concerns for resolution.
Are there any community forums where Namibian traders may discuss PrimeXBT-related questions?
No, not on PrimeXBT. However, while PrimeXBT does not have an official forum, many traders use internet trading communities and social media (like Facebook, X, and Reddit) to share their experiences and seek peer assistance.
PrimeXBT User Comments and Reviews
➡️“Since becoming a client of PrimeXBT not long ago, I have been impressed. The platform’s user-friendly design, abundance of helpful features, and smooth navigation make trading a breeze.”
➡️“Coincidentally, I became a member of PrimeXBT right as Bitcoin started its spectacular rise. My account experienced a tripling of its value in an astonishingly short period, giving me hope for better times.”
➡️”I appreciate PrimeXBT’s setup – it’s super transparent, and the charts and tools are top-notch. Depositing money is a breeze too, which just adds to the allure of this platform.”
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Rank
Broker
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Conclusion
Through our in-depth analysis, we discovered that PrimeXBT, a Forex and CFD broker specifically designed for traders in Namibia, has a platform that is both forward-thinking and ambitious in its offerings.
To safeguard traders’ money and personal information, PrimeXBT has implemented a strong suite of security measures, including cold storage for cryptocurrency assets, required two-factor authentication, and SSL encryption, even though it is not regulated locally in Namibia.
Furthermore, PrimeXBT stands out from the competition thanks to its competitive spreads and high leverage choices (up to 1:1000 for currency pairs).
Our Insight
In my opinion, PrimeXBT is a great choice for Namibians, their support team is helpful and accessible, and the platform is frequently updated. However, they do not support NAD as a deposit or withdrawal currency.
Our Recommendations on PrimeXBT
➡️Consider adding more fiat support and base currencies, including NAD.
➡️Add third-party platform support like MetaTrader 4 and 5 to accommodate traders using this software.
PrimeXBT Pros & Cons
| ✔️ Pros | ❌ Cons |
| PrimeXBT has spread from 0.05%, making it affordable for Namibian traders | PrimeXBT does not support NAD as a deposit or withdrawal currency |
| PrimeXBT has high leverage options of up to 1:1000 | There are inactivity fees that apply to dormant accounts |
| Namibians do not charge any deposit fees | There is only one retail account offered |
| There are robust security measures like SSL encryption | PrimeXBT is not regulated in Namibia |
| Namibians can access 24/7 customer support using various channels, including live chat | |
| Namibians can create a demo account with PrimeXBT to test strategies and practice | |
| Namibians can start trading with an ultra-low minimum deposit | |
| There are advanced yet user-friendly platforms that let traders diversify their portfolios with a range of instruments |
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Frequently Asked Questions
Can Namibians engage in the PrimeXBT referral program?
Yes, PrimeXBT’s referral program is open to all traders in countries where they can provide financial services and solutions like forex and CFD trading.
Does PrimeXBT provide copy trading for Namibian users?
Yes, PrimeXBT operates a copy trading site called Covesting. This lets you track and even replicate the transactions of professional traders.
Is there a minimum deposit amount for Namibians at PrimeXBT?
Yes, PrimeXBT requires a minimum deposit of 0.001 BTC or an equivalent in other currencies like NAD.
Is PrimeXBT’s customer assistance available in Afrikaans?
No, PrimeXBT’s primary support language is English.
Are there any tax ramifications for Namibians trading on PrimeXBT?
Yes, cryptocurrency profits might be taxable in Namibia.
Can I use PrimeXBT as a hedge against NAD inflation?
Yes, while cryptocurrency trading can be volatile, some investors see it as a possible inflation hedge.
Does PrimeXBT provide a demo account for practising trading?
Yes, PrimeXBT offers demo accounts that allow you to trade simulated live markets using virtual funds.
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Social Responsibility
PrimeXBT provides no information regarding past, current, or future CSR projects or initiatives.