What is TurboXBT?
TurboXBT is a digital trading platform that allows making short-term price predictions while profiting from the decision depending if the asset ends up with a higher or lower price. The easy-to-use interface is definitely a gamechanger as it lets speculate on the direction of multiple trading pairs by using synthetic short-term trading contracts that have expirations of intervals starting from 30 seconds to 15 minutes (depending on the selected trading pair).
In simple words, all the required actions the user has to take are: choosing the market, the available time interval of preference, and whether the asset will suffer an up or down move.
What Assets and Trading Pairs are available?
TurboXBT offers a next-generation experience to both beginner and seasoned traders by offering 38 different trading pairs and 17 assets that include cryptocurrencies. forex, stocks, precious metal, crude oil, and indices.
As expected, crypto options are the most popular in this short-term trading platform, and thanks to their profit principles, a lot of traders are switching to TurboXBT.
In a more detailed point of view, here are the 17 assets types available listed by their type and name: 2 Crypto Options: Bitcoin (BTC) and Ethereum (ETH) 4 Commodities: Crude Oil, Gold, Silver, and Brent Crude. 8 Forex Currencies: US, Canadian, Australian, and New Zealand Dollars (USD, CAD, AUD, NZD), Swiss Franc (CHF), Japanese Yen (JPY), European Union Euro (EUR), and British Pound (GBP). 3 Indices: S&P500, GER30, and NASDAQ.
How Does it Work?
Deposit Funds in the Trading Account: To start using the TurboXBT platform it is required to complete the registration process which only takes a few minutes. After that, everything will be set up for the user to start making predictions on the market, and thanks to the intuitive UI (User Interface) even beginner traders should not find any problem in understanding everything at the first sign.
Since the platform does not rely on KYC (Know Your Client) check, the startup process is one of the easiest in the market (however, not having KYC could be a downside for many traders). Before jumping into the market, the user must deposit funds to the trading account by using a credit or debit card.
However, these options are not recommended in TurboXBT as they take commissions ranging from 1% to 3%. But do not panic, as they also offer the option of making deposits in Bitcoin and Ethereum (BTC, ETH) or even USDT and USDC (ERC-20), just keep in mind that they require block confirmations which usually take 4 to 40 minutes to complete.
Initiating Trading Position:
In order to start a prediction, the only required movement is clicking any of the two options that are provided, UP (Green button) or DOWN (Red button). Clicking on the UP button means that the user believes the asset will rise, on the other hand, clicking on DOWN means the opposite.
Keep in mind that after making a prediction, the required amount will be deducted from the account’s balance. Also, the menu bar will be a valuable resource as it provides information on positions, history, and transfers.
Prediction Outcome:
The trade winnings will exclusively depend on the outcome of the prediction, whether the traded pair gained or dropped in value. In the case the pair raised in value and the user’s prediction was based on the UP button, then a payout from the trade will be received.
On the other hand, if the value dropped (and the prediction was based on the UP button) then the money that was invested in the trade would be permanently lost.
Payouts and Withdrawals:
After a prediction turned out profitable, the user is paid the stated percentage that was agreed in the contract before making the trade.
Keep in mind that TurboXBT does not charge fees or commissions on the platform for both deposits and withdrawals. However, this does not apply to blockchain network fees that are completely dependent on external agents from the platform.
Extra: Free Demo Trading Accounts in TurboXBT
A great tool for those who desire to try a profitable trading plan before committing any funds is the free demo account that the company offers.
The demo account will count with $1,000 virtual dollars that will not require a functional account or registration process, and it incorporates all the features of the platform without having to face any financial risk. An interesting tool for practice and to get used to TurboXBT features and interface.
