PrimeXBTa leading multi-asset brokerage brand, has announced it has acquired a license from South Africa’s regulator, the Financial Sector Conduct Authority (FSCA), as part of its upcoming launch in the region. The company will be able to offer its innovative trading platform and professional tools to local traders, who will also benefit from some of the most competitive trading conditions available.
The PrimeXBT brand is known in the industry for the quality of its products and services, as well as its commitment to breaking down barriers and making investments available to all. It also focuses on providing a localized trading experience, allowing local traders to take advantage of the market opportunities. This article highlights five key reasons why PrimeXBT is an excellent choice for traders in South Africa and explains how they can benefit from using the company’s wide range of products and services.
1. Regulated and trusted by over a million merchants worldwide
Since its founding in 2018, the PrimeXBT brand has grown exponentially, offering its services to over a million merchants in more than 150 countries around the world. The expertise that comes from operating on such a global scale helps the company provide traders with a solid foundation as well as a more stable trading experience. With PrimeXBT’s FSCA license, traders in South Africa will also enjoy the trust and security that comes from trading with a regulated entity. This further strengthens the broker’s commitment to compliance and transparency.
The PrimeXBT brand has focused heavily on ensuring that all customer data and funds are safe and secure. This includes using the latest cybersecurity protocols and encryption to provide traders with the most secure environment possible. Customers also benefit from 24-hour support, meaning they can contact a human agent at any time if they have any questions, or ask for help with any challenges they face.
2. An all-in-one platform with over 100 markets to trade
One of the key benefits of PrimeXBT’s innovative all-in-one trading platform is the wide range of markets available for trading. With a single account that takes just minutes to open, customers can quickly access over 100 markets including Forex, Crypto Futures and CFDs on cryptocurrencies, indices and commodities. This will be especially valuable in South Africa, where many traders are seeking seamless access to various global markets to diversify their portfolios and better manage risk.
The PrimeXBT platform is user-friendly, making it easy to navigate for traders of all skill levels, while also including all the tools needed to capitalize on the markets. With the availability of leveraged trading and minimum deposits as low as $1 for Forex and Crypto CFDs, South African traders can get started with a smaller initial investment, making global trading more feasible. Because leveraged trading involves risks, the PrimeXBT platform also offers a range of tools, including stop-loss and take-profit, to help clients manage these.
3. No fees for forex, indices and commodities
PrimeXBT offers some of the most competitive trading conditions on the market, making it particularly attractive to South African traders looking for cost-effective access to global markets. There are no trading fees on all non-Crypto CFDs, including Forex, Indices and Commodities, while spreads on all CFDs start from as little as 0.1 pips. Crypto CFDs have a small trading fee of 0.05%, while fees for Crypto Futures start from just 0.01%. With such low fees, traders can take advantage of more markets while spending less of their own money.
The broker also works with a range of leading liquidity providers. This helps it to provide deeper liquidity and a more stable trading experience while ensuring faster order matching for all trades. As a combined package, PrimeXBT’s trading conditions are among the best available and demonstrate the company’s commitment to democratizing the financial markets. This makes the broker especially attractive to traders in South Africa who are looking for a more accessible way to start their online trading journey.
4. A localized trading experience
PrimeXBT has always focused on offering a local experience to merchants, something it plans to continue with its South African expansion. The instruments available for trading include Forex pairs with the South African Rand such as USDZAR, popular commodities such as gold and indices such as the NASDAQ.
Local merchants will be able to deposit and withdraw in South African Rand, while PrimeXBT will also introduce a range of local payment options to give customers the smoothest experience possible. This includes support for local banks, as well as popular payment providers in the region such as Capitec Pay.
5. Exclusive rewards and trading competitions
PrimeXBT’s Rewards Center allows customers to participate in trading challenges to earn exclusive rewards. These rewards can include bonus trading credits, which can be used to explore additional trading opportunities within the platform.
Traders can also test their strategies and develop their trading knowledge by participating in one of PrimeXBT’s Demo Trading Competitions. This allows customers to compete with each other using virtual funds on demo accounts, providing valuable trading experience in a risk-free environment. Traders who top the leaderboards also earn exclusive rewards to further increase their trading power.
This combination of practice and rewards makes PrimeXBT an attractive platform for traders in South Africa who want to take their trading journey to the next level.
Conclusion: a better way to trade
PrimeXBT’s focus on lowering the barriers to entry makes the markets more accessible than ever before. The innovative all-in-one platform and highly competitive trading conditions ensure that the company’s clients benefit from one of the best trading environments available, enabling them to take advantage of the latest market opportunities. These features are particularly relevant to South African traders, who are increasingly looking for seamless access to global markets and competitive trading solutions.
With its FSCA license and tailor-made offerings, PrimeXBT maintains a customer-centric approach and its commitment to meeting the needs of traders in South Africa and globally by offering them a better way to trade the global markets.
Learn more about PrimeXBT
Disclaimer: The content provided here is for informational purposes only and is not intended as personalized investment advice and does not constitute a solicitation or invitation to engage in financial transactions, investments or related activities. Past performance is not a reliable indicator of future results. The financial products offered by the company are complex and carry a high risk of losing money quickly due to leverage. These products may not be suitable for all investors. Before you commit, consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money. The Company does not accept customers from the limited jurisdictions indicated on our website.
PrimeXBT (PTY) LTD (formerly referred to as Stack Advisory (PTY) LTD) is an authorized financial services provider in South Africa with license number 45697. PrimeXBT (PTY) LTD acts as an intermediary between the investor and the market maker who is the counterparty to the products purchased through PrimeXBT.