PrimeXBT to Bring World-Class Trading to South Africa
PrimeXBT, a leading multi-asset broker, has announced the acquisition of a licence from the local regulator, the Financial Sector Conduct Authority (FSCA) in South Africa.
The licence will allow PrimeXBT to offer its innovative trading platform and professional tools to traders and partners in the region while ensuring clients benefit from full transparency and regulatory protection.
Since being founded in 2018, PrimeXBT brand has grown into a globally renowned and trusted platform.
Its expansion into South Africa comes as part of the brand’s commitment to democratising the financial markets, by empowering traders with all the tools they need to capitalise on opportunities.
While PrimeXBT brand offers its services around the world, it has built a positive reputation for providing localised experience to traders in the regions in which it operates, a trend that is set to continue with its upcoming launch in South Africa.
100+ Markets to Trade with Low Fees
With PrimeXBT’s platform, traders in South Africa will benefit from access to over 100 financial markets including Forex, Contracts for Difference (CFDs) on Cryptocurrencies, Indices, and Commodities, and Crypto Futures.
Local currency pairs like USDZAR will be available to trade, as are popular Commodities like Gold, and global Indices like the NASDAQ.
With all the options available, traders can easily diversify their portfolios to take advantage of trends across various markets, all from a single platform.
PrimeXBT is also highly competitive when it comes to trading conditions, offering some of the lowest fees and deep liquidity for faster order matching. Spreads on all CFDs start as low as 0.1 pips.
Trading fees begin at 0 for non-Crypto CFDs, while a small fee of 0.05% applies to Crypto CFDs and as low as 0.01% for Crypto Futures.
The low fees structure combined with the availability of financial leverage shows the company’s commitment to breaking down barriers and offering more for less.
This will enable South African traders to get started with a smaller initial investment.
Trading Education & Market Research
PrimeXBT brand has always been committed to providing traders with everything they need to enter the markets including comprehensive trading education and expert market research.
This initiative is led by Matthew Hayward, the company’s Senior Market Analyst, a South African himself.
The broker also has plans for education initiatives in South Africa, to provide even more value for local traders.
Through its demo Trading Contests, PrimeXBT will offer South African traders the chance to test their trading strategies and skills in a risk-free environment.
By signing up to a contest, clients can compete against other traders using virtual funds, helping prepare them for the real live markets.
The platform’s robust Rewards Center will also provide further opportunities for clients to develop their trading by completing a range of challenges to earn special rewards.
Local Payment Options & 24/7 Support
Further solidifying its commitment to the region, PrimeXBT will offer a range of local payment options for traders in South Africa, providing them with quicker and easier ways to deposit and withdraw.
Payments in South African rand will be supported, as will local banks and popular regional payment providers like Capitec Pay.
The platform uses the latest in cybersecurity technology to ensure that client funds are protected.
With PrimeXBT, clients will also benefit from 24/7 support, allowing them to get their questions answered or receive human assistance at any time.
This helps empower traders with the confidence they need to take on the markets.
A Bespoke Experience for South African Traders
PrimeXBT’s expansion into South Africa will mark the arrival of world-class trading in the region. As a locally-regulated entity renowned globally for the quality of service it offers, local traders will benefit from stability and security, as well as some of the most competitive trading conditions available. With its localised approach, PrimeXBT will cater to South African traders, taking another step towards its goal of making the financial markets accessible to all.
Disclaimer: The content provided here is for informational purposes only and is not intended as personal investment advice and does not constitute a solicitation or invitation to engage in any 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 come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should 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 clients from the Restricted Jurisdictions as indicated in our website.
PrimeXBT (PTY) LTD (previously named Stack Advisory (PTY) LTD) is an authorised financial services provider in South Africa with licence number 45697. PrimeXBT (PTY) LTD acts as an intermediary between the investor and the market maker which is the counterparty to the products purchased through PrimeXBT.
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