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Abstract:When you combine the deep liquidity of the forex market with the powerful tools of PrimeXBT, you get a match made in heaven.
The forex currency market is the most liquid in the world, consisting of important currencies representing massive or emerging economies from across the globe. PrimeXBT is the Forex Awards winner of Best Cryptocurrency and Forex Broker, offering the most extensive list of trading instruments from a variety of markets.
When you combine the deep liquidity of the forex market with the powerful tools of PrimeXBT, you get a match made in heaven –– which is why specifically were reviewing the always-expanding list of forex currencies offered by the margin trading platform.
Here is everything you need to know about PrimeXBTs jam-packed forex currency lineup, listed from alphabetically A to Z.
Forex currencies are the focal point of this piece, but PrimeXBT has it all: forex, commodities, stock indices, and crypto. Everything from Bitcoin to gold to oil and the S&P 500 is included, all under one roof for unparalleled portfolio construction and performance.
Long and short positions with up to 1000x leverage on forex currencies give professional traders all the power they need while providing stop-loss protection and other risk management tools so newcomers can reduce the risk of capital loss.
The platform also offers trading education via the PrimeXBT Trading Academy, weekly competitions where you can test your mettle, built-in technical analysis tools, APY-generating yield accounts, and the Covesting copy trading community.
With our full attention now on forex currencies –– without further ado –– here is the list of trading instruments available on PrimeXBT, listed in alphabetical order:
AUD — The Australian dollar is the official currency of Australia, and three independent Pacific Island states: Kiribati, Nauru, and Tuvalu.
CHF — The Swiss franc is the official currency of Switzerland and Liechtenstein. The Swiss franc is considered one of the safest investments in the forex market due to its low risk and protection from inflation.
CNH –– The Chinese Yuan Renminbi is the “offshore” version of Chinas currency, trading outside of mainland China within Hong Kong, Singapore, and other neighboring regions and internationally.
EUR — The Euro is the official currency of 19 of the 28 member states of the European Union and is the second highest traded currency by volume, representing 40% of the forex market.
GBP — The British pound sterling, commonly known as the pound, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha.
HKD –– The Hong Kong dollar is the official currency of the Hong Kong Special Administrative Region.
JPY — The Japanese yen is the official currency of Japan. The Japanese yen accounts for 20% of the trading volume across the forex market, placing it in third behind USD and EUR.
MXN –– The Mexican peso is the native fiat currency of Mexico, introduced in 1993 by the Bank of Mexico.
NZD -–– The New Zealand dollar is the official native fiat currency of the island nation of New Zealand, the Cook Islands, the Ross Dependency, Tokelau, the Pitcairn Islands, and Niue.
RUB –– The Russian ruble is the official native fiat currency of Russia, issued by the Bank of Russia.
SDG –– The Singapore dollar is the official native fiat currency of Singapore and is the 13th most traded currency on the foreign exchange market.
THB –– The Thai Baht has long been regarded as one of the strongest currencies in Southeast Asia, and this is due to its export-dependent economy.
TRY –– The Turkish lira is the official native fiat currency of Turkey and was first introduced in 2005, replacing the previous Turkish lira.
USD — The United States dollar is the official currency of the United States and its territories, representing 85% of all forex trading volume. It is a significant part of major trading pairs and the primary currency in which most other assets are quoted.
ZAR –– The South African rand is the official currency of the Southern African Common Monetary Area, which includes South Africa, Namibia, Lesotho, and Eswatini.
Forex traders have all the tools they need at their disposal, in addition to a vast array of majors, minors, and exotic currency pairs. Even better, forex traders can tap into other markets like cryptocurrencies, commodities, and stock indices, all using the same platform and margin trading account.
PrimeXBT also released an award-winning mobile application for iOS and Android devices, enabling traders to manage their portfolios and positions from anywhere in the world with an internet connection. Using the app, users can do everything from buy crypto or make a deposit to fund an account, exchange cryptocurrencies, trade using leverage, and so much more.
There is no minimum deposit – deposits can be made in BTC, ETH, USDT, USDC, or COV. Registration takes at most a few minutes and gives you access to the most robust forex trading experience around.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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