Turbo Frequently Asked Questions (F.A.Q.)
As of July 7th, 2021 PrimeXBT has discontinued support of the Turbo feature. Due to this, the Turbo tab has been disabled in clients' accounts, and demo Turbo accounts are no longer available.
If you had a real Turbo account with an outstanding balance, the account will remain active for the next 30 days. All real Turbo accounts will be closed on August 6th, 2021, and the funds remaining on a real Turbo account will be returned to your platform’s Wallet.
PrimeXBT Turbo allows you to make short term price predictions and make quick profit if your prediction is correct.
Yes, each account is granted a starting DEMO balance of 1 BTC. Simply log into your account and try PrimeXBT Turbo risk free!
At the moment 12 of the most liquid instruments are available. Other instruments may be added later provided their liquidity becomes sufficient to be suitable for Turbo short-term trades.
Make sure to take a look at our Turbo Quick start tutorial.
Your profits will depend on your patience, knowledge of short term price trends and the success of your predictions. A successful prediction will yield up to 90% profit!
No fees are incurred when making predictions
Turbo chart prices reflect top-of-the-book BID quotes received from our liquidity providers (12).
Payouts from correct predictions are automatically added to your Turbo balance.
Payout percentage is set dynamically to factor in the current market conditions of each available instrument and may be updated every minute. The payout rates for correct predictions is identical for all of our clients.
If a prediction is incorrect, the loss from this prediction will be equal to the 'Amount' selected when initially making your prediction (i.e. if you selected an Amount of $10 when making a prediction which turned out to be incorrect, the loss for this prediction will be equal to $10).
Such a prediction is considered incorrect and will result in the loss of the 'Amount' of funds used in this prediction, as the price is neither HIGHER nor LOWER.
Crypto: 5m, 10m and 15m. Forex: 1m, 5m. For EUR/USD a 30 second contract duration is also available.
Specifications of the contracts offered are periodically reviewed by our dealing desk and risk management departments, thus available contract durations may change dynamically. We can remove some contract offers if we would not be able support their settlement due to market conditions or other factors.
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Once a prediction has been made it cannot be reversed or cancelled.
Yes, all traders on the Leaderboard are real.
In the top-right corner of the Turbo page select the desired currency you want to transfer to your Turbo account and click the 'Fund Turbo account' button.
Yes.
If you wish to restore/recharge your current demo balance, please contact our support team via live chat.
Yes, transfers between your PrimeXBT Wallet and Turbo account are instant.
Payouts from correct predictions are automatically added to your Turbo balance.
The minimum position size is 0.0001 BTC or the equivalent in other currencies
The maximum position size is 0.01 BTC or the equivalent in other currencies
Overall exposure of all open positions cannot exceed 0.1 BTC or the equivalent in other currencies
A maximum of 50 positions (predictions) can be open at a time.
When making a prediction, the 'Amount' of funds selected for this prediction will be immediately reserved and deducted from your Turbo balance. If your prediction is CORRECT, these funds will be automatically returned to your Turbo balance, along with the Payout (profit) received for correctly predicting the price change.
Your 20 latest Turbo predictions are reflected in your Turbo Trade History menu.
