What is PrimeXBT Covesting? Copy trading on PrimeXBT

What is feature of PrimeXBT Convesting?

Thanks to the recent partnership relation with Convest, PrimeXBT is going to launch Convest module soon. This module is aimed at ranking each fund according to important indexes such as gross capital, daily ROI, overall all-time ROI, etc, which shall be extremely useful for both successful and novice traders. Successful traders will be able to formulate a positive monitoring document, get many followers and earn extra income by funds management. If you want to understand more about how to use the primexbt trading platform read the article “Tutorial PrimeXBT, How to use PrimeXBT?”

what is covesting primexbt?

Interpretation of parameters on the Covesting Dashboard

Name: It is name of capital fund, investment funds, professional traders. Blue checkmark to show individuals and organizations that pass the identity verification round
Total: The profit from the beginning to the present
Today: The profit today
Active days: Total active days
Followers: Total number of followers
Performance: This is the term used in the business field to reflect profit earned
Followers’equity: Total equity of followers
Rating: Stars are issued only if the total profit of a strategy is greater than 0%. A strategy can receive up to 5 rating stars – a star being issued for meeting one of the following conditions

  • The manager’s equity is more than or equal to 0,1 BTC
  • Over the past 10 days, the number of trading days (presence of trading activity) is greater than or equal to 2
  • Over the past 10 days, the margin usage did not exceed 60%, and the trading volume was more than 0
  • For the last 30 days, the ratio of closed profitable positions in comparison to closed unprofitable positions was at least 60% / 40%. Over the past 30 days, the turnover has been greater than or equal to 500,000 USDT

Novice traders will be able to allocate a portion of their portfolios to managers who satisfy their needs for risks/bonuses and have formulated a successful trade rank based on their performance.

Covest is a unique tool for copy trading on PrimeXBT, which authorize traders on this platform to seek and follow trading of the most successful and profitable investors. It is very suitable for new and novice traders to connect with professional traders and strategies in the global trading community. Similar to social trading platforms like eToro, profitable traders can also benefit from the social trading module by earning a passive income from trading fees of their followers.

Follow a profitable trading strategy

Investment creates an exciting and interesting forum for traders with a sense of purpose to gather and share trading strategies. For the novice, this is the perfect environment to learn trading strategies used by professional traders. The results of each portfolio are displayed by chart of owner’s equity to show the overall performance of the traders. The number of days the trader has been active, the owner’s equity of the followers behind the trader, and the total P&L results are displayed for classification.

Create and share strategies on Prime XBT

Experienced traders with a deep understanding of the cryptocurrency and traditional markets can use PrimeXBT to trade their own portfolios and earn a second passive income through the Investment module. Traders can create and share their strategies with other users on social networks. Start your own Covesting Copy-trading Strategy and earn success fees from profitable trading

Create and share strategies on Prime XBT

Please select “Copy-trading” then click “My Strategies” and click “Get started” the browser will switch to the form below

how to create strategies on Prime XBT

  • To create a Strategy, choose a name for your Strategy that will be reflected in the Rating list and enter the amount of your personal starting trading capital, share your social links with followers, click to “Create Strategy” to Complete
  • The main conditions of profit distribution between You (Strategy Manager), Strategy Followers and the Prime XBT Platform. Each Follower falls within a certain category based on their COV Membership tier

Please register on PrimeXBT to start using copy-trading now. The trading history of user is shared publicly in the Investment platform with other traders as displayed above. This creates a competitive environment among professional traders. Traders who share their strategies can earn passive income with each follower. A portion of their trading commission is shared with the trader. The more the followers is the higher potentiality to earn money from a profitable and consistent trading strategy is.

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