PrimeXBT Review 2026

Company Background

PrimeXBT began operating in 2018 and serves more than one million clients through group companies in South Africa, Seychelles, El Salvador, and Saint Lucia. The legal entity assigned at registration determines the products, trading conditions, and protections that apply to the account.

For CFDs, PrimeXBT (Pty) Ltd acts as an intermediary while PXBT Trading Ltd supplies liquidity and market-making services. That relationship makes execution quality, spread behavior, and conflict-management controls important parts of the broker assessment.

Available Countries

PrimeXBT serves clients across more than 150 countries through different group entities. Access is entity-specific. PXBT Trading Limited excludes Afghanistan, American Samoa, Belarus, Canada, Cuba, the Democratic Republic of Congo, the European Economic Area, Guam, Haiti, Iran, Iraq, Israel, Japan, Libya, Mali, the Marshall Islands, Mozambique, Myanmar, New Zealand, North Korea, the Northern Mariana Islands, Palestine, Puerto Rico, the Russian Federation, Somalia, South Sudan, Saint Lucia, Sudan, Syria, Turkey, Venezuela, the U.S. Virgin Islands, the United Kingdom, the United States, the United States Minor Outlying Islands, and Yemen.

Its restricted territory rules also cover Crimea, the Donetsk People's Republic, the Gaza Strip, Zaporizhzhia and Kherson, and the Luhansk People's Republic. A country being available through another PrimeXBT entity does not mean the same account type, leverage, product range, or regulatory protection applies there.

Trading Fees

PrimeXBT separates its trading costs by product. PXTrader 2.0 CFDs and forex use spread-based pricing with no separate dealing commission. Crypto perpetual futures use an exchange-style maker and taker fee schedule. This distinction matters because a zero-commission CFD is not a zero-cost trade; the spread remains the entry cost.

We weighted spread, commission, and financing together when assessing the cost structure. For short-term forex and CFD trades, spread width is the main cost. For crypto futures, the maker or taker fee and the eight-hour funding cycle matter as well. For overnight CFD positions, swap becomes part of the all-in cost.

Spreads and Commissions

PXTrader 2.0 CFD and forex spreads start from 0.2 pips. MT5 Pro forex spreads start from 0.1 pips, while PrimeXBT has also reported liquid-session EUR/USD spreads around 0.5 pips on the Pro setup. These are floating spreads, so the live bid-ask difference expands when liquidity thins, or volatility rises.

Crypto futures charge a 0.01% maker fee. The regular taker fee is 0.045%, with volume-based VIP reductions to 0.042%, 0.04%, 0.03%, and 0.015% across higher tiers. VIP 5 also receives a 25% spread discount on eligible CFDs and forex. Frequent traders therefore need to compare their actual VIP tier rather than using the lowest advertised taker rate as the default cost.

Deposit and Withdrawal Fees

PrimeXBT charges no platform fee on most fiat and crypto deposits. Withdrawals also carry no standard platform fee, although blockchain networks, banks, cards, e-wallets, and local payment processors apply method-specific charges.

Skrill is a useful fee benchmark because both deposits and withdrawals have a $5 minimum, a $5,000 maximum, and no PrimeXBT transaction fee. The wider payment network uses different minimums and limits, so the cheapest deposit method is not automatically the cheapest withdrawal method.

Inactivity and Account Fees

PrimeXBT does not apply a standard monthly inactivity fee across its core PXTrader account structure. An account with no activity for six months enters inactive status and is subject to restrictions, suspension, or termination. MT5 accounts also use account-specific inactivity rules.

Bonus and Promotions

PrimeXBT runs a Rewards Center, trading bonuses, cashback, and free weekly trading contests. Reward tasks add up to $4,690 in available bonuses across the full mission structure, while weekly contests award up to $1,000. PXTrader 2.0 also includes a trading bonus and up to 10% cashback, while ZeroStop and MT5 Pro use lower account-specific cashback levels.

Bonus credit is not the same as withdrawable cash. An internal transfer or withdrawal removes reward or bonus credit from the trading account under the bonus rules. Traders should therefore calculate usable cash equity separately from promotional collateral before sizing a position.

Currency Conversion Fees

PrimeXBT includes a built-in crypto-to-fiat exchange in the Wallet. Conversion uses the exchange rate displayed for the transaction rather than one universal flat conversion charge. For PXBT Trading Limited MT5 USDT accounts, USDT deposits convert into USD at a fixed 1:1 rate, even though the platform displays the balance in USDT.

PXTrader 2.0 also allows eligible clients to use USDT, USDC, BTC, or ETH as collateral for traditional-market trading. That setup reduces unnecessary conversion steps for crypto-funded traders.

Overnight and Swap Fees

CFD positions held through the daily financing cut-off incur swap unless the account or instrument qualifies for swap-free treatment. PrimeXBT calculates the charge as swap rate multiplied by asset price multiplied by position size.

An EUR/USD example uses a 0.0011% 24-hour swap rate. At EUR/USD 1.08 with a 100,000-unit position, the charge equals $1.188 at 22:00 UTC. Applicable markets also use a larger weekly adjustment to account for weekend financing. Crypto futures use funding instead of the standard CFD swap model, with funding settled every eight hours.

PXTrader 2.0 Account

PXTrader 2.0 is the main PrimeXBT account for traders who want CFDs, forex, and crypto futures together. CFD account currencies include USD, USDT, and USDC, while crypto futures support USDT, USDC, BTC, and ETH.

The account uses a 40% standard stop-out level and supports asset-specific leverage settings. Crypto futures also offer cross and isolated margin, giving active traders more control over how collateral is allocated.

MT5 ZeroStop Account

MT5 ZeroStop focuses on maintaining positions through a 0% stop-out structure. It includes swap-free availability and up to 5% cashback while retaining the standard MetaTrader 5 execution environment.

The 0% stop-out design lets equity fall further before forced closure. Conservative position sizing remains essential because the account structure does not remove market or liquidation risk.

MT5 Pro Account

MT5 Pro targets high-volume and short-term traders with tighter starting pricing, the highest leverage tier in the PrimeXBT account range, a 0% stop-out level, and 5% cashback. A swap-free option is available for eligible Islamic traders.

This account fits experienced scalpers and active forex traders better than new users because its margin settings leave little room for oversized positions or weak stop discipline.

MT5 Standard and Swap-Free Accounts

MT5 Standard uses spread-based pricing with the conventional MetaTrader trading workflow. The Swap-Free version removes overnight swap charges for eligible clients while retaining access through MT5 desktop, web, and mobile.

Standard is the simpler choice for traders who do not need the Pro account structure. Swap-Free is the relevant option for eligible clients with religious requirements around overnight interest.

Demo Account

The demo account uses virtual funds and simulated execution with live-market pricing conditions. It requires no deposit and includes the main order, margin, and position-management workflow.

Its main value is practical training. Users test order placement, stop-loss behavior, and margin mechanics before putting real capital at risk.

Signup Process

Registration starts with an email address and password, followed by country selection and account security settings. The account dashboard becomes available within a few minutes, after which the client completes KYC and selects PXTrader 2.0 or an eligible MT5 account.

Our account review found a clear product split at this stage. PXTrader 2.0 suits mixed CFD and crypto-futures trading, while MT5 suits traders who prioritize the MetaTrader ecosystem.

Verification Requirements

KYC requires a valid passport, national identity card, driver's license, residence permit, or another government-issued photo ID. Proof of address includes a recent utility bill, landline bill, rental agreement, bank statement, tax bill, or equivalent document dated within six months. Source-of-funds checks use documents such as bank statements, trading-account statements, tax declarations, or payslips.

Third-party funding is not accepted. The legal name on the trading profile and payment account should match. This is the most important preventable verification issue because mismatched ownership turns a routine withdrawal into a compliance case.

Minimum Deposit

PrimeXBT MT5 Standard and Pro accounts start from $1. The broader funding minimum depends on the selected payment method. Skrill and Neteller, for example, use a $5 minimum, while other local methods use their own thresholds.

The minimum is an access threshold rather than a recommended trading balance. A practical deposit should reflect the planned position size, stop-loss distance, and required margin buffer.

How Long Account Approval Takes

Basic registration takes a few minutes. PrimeXBT does not use one fixed KYC approval time for every client. Automated identity screening is faster than a manual review involving proof of address, source of funds, or payment ownership.

Completing verification before a large deposit reduces the chance that document checks interrupt an urgent withdrawal or active trading plan.

Forex

PXTrader 2.0 provides 99 forex currencies and crosses in its broader instrument breakdown. Major and cross pairs use leverage up to 1:1000 on PXTrader 2.0, while MT5 Pro reaches 1:2000 on eligible instruments.

Commodities and Metals

The PXTrader 2.0 instrument breakdown includes 22 metals and 12 commodity markets. Gold, silver, oil, and natural gas are among the core contracts. Commodity leverage reaches 1:1000 on eligible PXTrader positions.

High commodity leverage is useful for margin efficiency but is aggressive during news-driven moves. Gold and oil regularly gap or widen around macroeconomic data and geopolitical events, so a small margin requirement should not be confused with a small market risk.

Indices

PrimeXBT provides 19 stock-index markets in the PXTrader 2.0 breakdown, including major contracts linked to the S&P 500, Nasdaq, Germany, and the United Kingdom. Maximum PXTrader leverage is 1:200 on indices.

Share CFDs

PXTrader 2.0 includes 16 share CFDs in its instrument breakdown, with exposure to companies from major global exchanges. Maximum leverage is 1:20.

These are CFDs rather than directly owned stocks. PrimeXBT does not provide a dedicated real-stock account, shareholder voting rights, or direct equity custody. Long-term investors seeking actual shares therefore need a securities broker rather than the PrimeXBT share-CFD product.

Crypto CFDs and Crypto Futures

PXTrader 2.0 includes 34 crypto CFDs and 162 crypto futures in its detailed product breakdown, with broader platform totals exceeding 200 futures instruments as the range expands. Crypto CFD leverage reaches 1:500, and crypto perpetual futures also reach 1:500.

Crypto futures support cross and isolated margin and use a maker and taker fee model with periodic funding. The structure suits active derivatives strategies rather than passive crypto ownership.

PXTrader 2.0

PXTrader 2.0 is PrimeXBT's main proprietary trading platform. It combines CFDs, forex, and crypto futures in one account and integrates TradingView charting with more than 100 indicators, advanced drawing tools, and multi-chart layouts. Traders also select cross or isolated margin and hedge or netting position modes where supported.

CFD order types include Market, Limit, Stop, OCO, Take Profit, and Stop Loss. Crypto futures use Market, Limit, Stop, Take Profit, and Stop Loss. One-click trading is available for faster order entry. In our platform review, the main strength is the shared workflow across crypto and traditional markets rather than a feature advantage in one asset class.

MetaTrader 5

MetaTrader 5 provides desktop, web, and mobile access with the familiar multi-chart interface, Expert Advisor environment, indicators, and automated strategy tools. PrimeXBT offers Standard, Swap-Free, ZeroStop, and Pro variants around the MT5 platform.

MT5 supports market orders, Buy Limit, Sell Limit, Buy Stop, Sell Stop, Buy Stop Limit, Sell Stop Limit, Stop Loss, and Take Profit. The platform is the better choice for experienced forex traders who already use Expert Advisors or the MetaTrader order workflow.

PrimeXBT Mobile App

The PrimeXBT app combines account management, deposits, withdrawals, market monitoring, charting, and trade execution on iPhone and Android. It also carries PXTrader 2.0 trading history, research, economic-calendar tools, and updated margin information.

Recent app feedback includes Android reports of blank candle areas and an unresponsive limit-order control, while iOS feedback includes complaints about crashes during active trades. These are individual user reports rather than proof of a system-wide fault.

Research and Charting Tools

PrimeXBT integrates Trading Central Trading Ideas across forex, crypto, indices, commodities, and shares. Each idea includes bullish or bearish bias, a target, a pivot, and an expected price range, with intraday, daily, and weekly timeframes.

The Trading Central economic calendar includes more than 115 charts linked to events across 38 countries and five years of forecast-versus-actual history. PrimeXBT's Discover section also combines market movers, research, trading ideas, and macroeconomic context inside the web and mobile workflow. This is a meaningful improvement over a broker that provides charts but leaves research entirely outside the platform.

Educational Resources

Education includes the Learning Center, trading guides, platform walkthroughs, glossary material, market research, and beginner-to-advanced articles. The demo account adds practical training alongside the written material.

The content is strongest for platform mechanics and market concepts. Traders seeking a structured course with formal progression and assessments receive a lighter educational package.

Payment Methods

PrimeXBT supports more than 100 local and global payment methods. Main choices include Visa, Mastercard, SWIFT, SEPA, Skrill, Neteller, Binance Pay, Google Pay, Apple Pay, bank transfer, crypto transfers, and regional systems. Local examples include UPI, PIX, EasyPaisa, JazzCash, Capitec Pay, Volet, and PayRedeem.

Crypto funding supports BTC, ETH, USDT on TRC20 and ERC20, USDC, and additional assets and networks. Payment availability depends on country and legal entity. Withdrawals normally use a payment method connected to the client's deposit history, and third-party payment ownership is rejected.

Deposit Times

Most electronic deposits are processed instantly on the PrimeXBT side after the payment provider confirms the transaction. Skrill deposits are almost instant. Crypto deposits credit after the required blockchain confirmations. Bank transfers take longer because banking settlement sits outside the trading platform.

For local payment methods, retaining the transaction reference, receipt, and bank evidence until the balance appears gives the support team enough information to trace a payment that does not reconcile automatically.

Withdrawal Times

Withdrawal requests are addressed on the same working day or the next working day when submitted outside normal hours, and the back office handles requests within 24 hours. Final delivery depends on the payment method.

Bank-transfer withdrawals reach the client within three to five working days after internal processing. Card delivery takes up to ten working days. Crypto requests leave the back office within one working day before blockchain confirmation time is added, while Skrill withdrawals are instant under the supported e-wallet setup.

Withdrawal Limits

PrimeXBT does not use one universal withdrawal minimum or maximum across all payment methods. Limits are method-specific. Skrill, for example, uses a $5 minimum and $5,000 maximum for both deposits and withdrawals.

Payment-source matching remains more important than the nominal limit. A withdrawal method normally becomes available after it has been used for a deposit, and open-position margin also reduces the free balance available for withdrawal.

Support Channels

PrimeXBT provides 24/7 live chat, a Help Center, and email support. The main technical support address is [email protected]. Live chat is available through the account area, web trader, and mobile app.

There is no general retail phone desk presented as the main support channel. For a broker handling crypto, local payments, and leveraged derivatives around the clock, chat and written case records are more important than telephone access.

Response Times

Our support assessment separates first contact from case resolution. Live chat operates 24/7 and handles routine account questions inside the active session. Payment tracing, KYC review, account restrictions, and disputed execution move into specialist review and take longer.

Recent public complaints include unresolved cases lasting several days and one user report of waiting many hours for live-chat replies during an urgent dispute. That does not establish a standard response time, but it shows why a quick first reply should not be treated as proof of quick resolution.

Support Quality

Routine funding and platform guidance is straightforward. The weaker point is escalation transparency when a case moves beyond first-line chat, because specialist reviews do not always produce an immediate resolution or a precise completion time.

For any escalation, keeping payment references, screenshots, bank statements, order IDs, and chat records creates a stronger written case and reduces back-and-forth with support.

Languages Available

The PrimeXBT iOS app supports English, Arabic, French, German, Italian, Portuguese, Russian, Simplified Chinese, Spanish, Thai, Traditional Chinese, Turkish, Urdu, and Vietnamese. Support is multilingual and available 24/7.

This language range is broad for an international broker and covers most of the major markets where PrimeXBT has active client demand.

Positive User Reviews

Positive PrimeXBT feedback focuses mainly on account activation, verification, mobile usability, and the general trading interface. Verified users regularly describe the onboarding process as straightforward, while some mobile traders praise the platform layout and execution experience.

"Account activation was quick and easy"

This feedback is consistent with our account check. Registration has a relatively short initial setup, and the platform layout is easier to understand than the range of leveraged products suggests. Positive reviews are strongest around usability rather than pricing or withdrawal performance.

Negative User Reviews

The more serious criticism concerns unresolved payment cases and slow support escalation. Several recent reviewers describe deposits leaving their bank accounts without appearing promptly in their PrimeXBT balances, particularly when using local payment methods such as UPI. Other complaints involve extended investigations after users submit transaction evidence.

"Such a pathetic support experience."

These cases matter more than minor interface complaints because traders need quick access to deposited and withdrawn funds. PrimeXBT responds publicly to many complaints and requests additional transaction details, but some reviewers report waiting several days before receiving a resolution.

Common PrimeXBT Complaints

• Payment reconciliation: Complaints about deposits or withdrawals not being matched correctly to user accounts.
• Customer-support delays: Some users report slow responses or prolonged resolution times.
• Account verification decisions: Traders sometimes dispute verification outcomes or requests for additional documentation.
• Spread widening: Some complaints concern spreads becoming wider during certain market conditions.
• Trading-platform issues: Isolated reports mention technical or execution-related problems.
• Funding and account access: Recent critical reviews appear to focus more frequently on funding and account-access disputes than on basic platform usability.
• Failed payment matching: When an automated payment match fails, users may be asked to provide bank statements, screenshots, transaction references, or other supporting evidence before funds can be located.

Trustpilot and App Store Ratings

Trustpilot does not currently display an overall score for PrimeXBT. Its profile carries a breach-of-guidelines notice stating that fake reviews were removed. Among the 426 remaining reviews, 48% are five-star and 28% are one-star, which shows a clear split between satisfied users and customers reporting serious service problems.

Verification Issues

Account verification generates a smaller but more consequential group of complaints. A recent reviewer reported submitting original government-issued identification before receiving a failed-verification notice and permanent account block. The user also criticized the explanation provided after contacting support.

This type of complaint does not prove that PrimeXBT incorrectly rejects valid documents in general, but it shows that failed KYC cases become difficult when the trader receives limited information about the rejection. Traders should use clear, current identity documents and ensure that names, addresses, and account details match exactly before submitting verification.

Platform Problems

Platform complaints center on pricing behavior, chart discrepancies, and occasional mobile-app faults rather than constant downtime. One Trustpilot reviewer reported a sharp GBP/CAD spread expansion around the market close and reopening:

"70 pip spread on GBPCAD!!"

That complaint is important for swing traders who leave stops active through periods of thin liquidity. Wider spreads around rollover or market reopening increase the chance of stop execution even when the underlying price move is limited.

Other users report chart differences and mobile bugs. A recent Google Play review described disappearing candles that left the chart area blank, while another review praised the interface and execution but reported an unresponsive limit-order function. These reports point to isolated technical weaknesses rather than a single recurring platform failure.

Best Alternative for Beginners

AvaTrade is the stronger beginner alternative for traders who want a simpler entry into forex and CFD trading. Its platform range includes WebTrader, MT4, MT5, AvaTradeGO, AvaOptions, and social-trading tools, while the standard minimum deposit is $100.

PrimeXBT places more emphasis on leveraged crypto products and flexible margin trading. AvaTrade keeps the learning curve closer to conventional forex and CFD trading, which makes it the more practical starting point for traders who are still developing platform and risk-management skills.

Best Alternative for Low Fees

Fusion Markets is the stronger low-fee alternative for active forex traders. Its Zero account starts with raw spreads from 0.0 pips and charges $2.25 per lot per side, equal to $4.50 round-turn on one standard lot. There is also no general minimum deposit.

PrimeXBT remains more suitable when crypto futures and crypto collateral form an important part of the strategy. Fusion Markets is the better fit when spread, commission, and total forex execution cost are the main priorities.

Best Alternative for Advanced Traders

BlackBull Markets is the stronger advanced-trader alternative for clients who want a broader professional trading stack. It supports MT4, MT5, cTrader, TradingView, VPS hosting, FIX API access, copy trading, and more than 26,000 instruments.

PrimeXBT stands out more for combining CFDs with crypto futures inside its own trading environment. BlackBull Markets is better aligned with scalpers, algorithmic traders, and experienced forex traders who want several third-party platforms and execution tools under one account structure.

Best Alternative for Forex or CFD Trading

FOREX.com is the stronger alternative for traders whose main focus is forex. It offers more than 80 currency pairs together with standard and RAW pricing, MetaTrader, TradingView, API access, and a 0.01 lot minimum trade size.

PrimeXBT has the stronger case when crypto derivatives sit alongside traditional leveraged markets. FOREX.com provides a more specialized forex setup for traders who prioritize currency-pair coverage, established forex platforms, and conventional FX execution.

PrimeXBT for Beginners

PrimeXBT gives beginners a demo account, integrated research, an economic calendar, and a clean PXTrader 2.0 workflow. The main difficulty is the amount of margin control available to a new user.

A sensible beginner path starts with demo trading, then moves to a small live balance with reduced leverage and fixed stop-loss risk. The platform is accessible, but the most aggressive account settings belong in experienced hands.

PrimeXBT for Day Trading

PrimeXBT is well suited to day trading because PXTrader 2.0 combines one-click execution, advanced charting, adjustable leverage, hedge and netting modes, and multiple asset classes. MT5 adds Expert Advisors and a familiar short-term forex workflow.

Day traders should base entries and stops on the live bid-ask spread, especially around market transitions and thin-liquidity periods where floating pricing changes quickly.

PrimeXBT for Forex Trading

Forex is one of PrimeXBT's stronger use cases because traders choose between the proprietary platform and MetaTrader 5, with floating-spread pricing and account structures aimed at both discretionary and automated strategies.

The best fit is an active trader who values execution flexibility and margin control. Traders focused on passive investing or fixed-spread dealing need a different broker model.

PrimeXBT for Long-Term Investors

PrimeXBT is a weak fit for long-term portfolio building because its product structure centers on leveraged derivatives and recurring financing rather than retirement-style investing.

Investors seeking dividends, voting rights, ETF ownership, or direct custody of securities need a conventional securities broker. PrimeXBT fits tactical exposure, hedging, and short-term speculation instead.

PrimeXBT for Crypto Trading

Crypto is a core strength because PrimeXBT combines crypto CFDs, perpetual futures, several collateral currencies, and both cross and isolated margin in the same trading environment.

The setup fits active derivatives traders who actively monitor funding, liquidation price, and margin mode. Passive buy-and-hold investors receive little benefit from that complexity.

Licensing and Regulation

PrimeXBT operates through several legal entities. PrimeXBT (Pty) Ltd is authorized by the South African FSCA under FSP license 45697. PXBT Trading Ltd holds Seychelles FSA Securities Dealer license SD162 and supplies liquidity and market-making services for CFDs. PrimeXBT Trading Services, S.A. de C.V. holds El Salvador DASP registration PSAD-0045 and Bitcoin Services Provider registration 66d10393e8a00a3181b8e457.

The group is legitimate in the sense that named entities hold identifiable regulatory or registration status. The protection level is not identical across those jurisdictions. A South African FSP license, a Seychelles securities-dealer license, an El Salvador digital-asset registration, and a Saint Lucia company registration are not interchangeable forms of supervision.

Security Features

PrimeXBT uses hardware security modules rated FIPS PUB 140-2 Level 3 or higher, geographically distributed secure data centers, multisignature cold storage for digital assets, Fireblocks custody infrastructure, encrypted transactions, and PCI DSS-compliant card-payment partners. Two-factor authentication and withdrawal-address whitelisting add account-level protection.

The security stack is stronger than basic password-only protection. Traders should still enable two-factor authentication immediately because infrastructure security does not protect an account whose login credentials are compromised.

Investor Protection

PrimeXBT does not provide one broker-wide statutory investor-compensation scheme equivalent to the UK FSCS or an EU investor-compensation fund across its international structure. It is a member of the Financial Commission, whose compensation fund covers eligible Financial Commission judgments up to $20,000 per client. The fund is an external dispute-resolution protection rather than government-backed deposit insurance and does not reimburse ordinary self-directed trading losses.

Negative Balance Protection

Negative balance protection prevents a trading account from remaining below zero after losses exceed available equity. PrimeXBT resets qualifying negative balances back to zero under the protection process.

The protection limits debt to the broker, not trading loss. Deposited capital remains exposed to adverse market movement.

Segregated Client Funds

Client funds are fully segregated from company operational funds. Crypto custody also uses Fireblocks and cold-wallet infrastructure, reducing the operational risk of mixing client assets with corporate spending.

Segregation addresses custody and operational risk. It does not change the market risk of an open leveraged position.

PrimeXBT is best treated as a specialist derivatives broker rather than a general investment platform. Its strongest fit is the active trader who moves between conventional CFDs and crypto markets and values a choice of proprietary and MetaTrader workflows.

The broker requires more product knowledge than a simple forex-only account because pricing, margin, funding, and account conditions change across instruments. Traders who prefer straightforward passive investing or a more conservative regulatory framework have stronger alternatives.

The deciding factor is use case. PrimeXBT is compelling when its multi-market derivatives setup solves a specific trading need, but it is not the default choice for every trader.