PrimeXBT for South African Crypto, CFD, Forex, and Gold Trading

2020 is seeing the South African markets dealing with extremely high levels of volatility and uncertainty based upon the global pandemic that has swept the world throughout the first few months of the year.

While this is not exclusively happening in South Africa, the markets here have been substantially rocked by the events of the first part of 2020, and they are impacting the way that South African traders are engaging with the market, and generating profit.

While this presents risks for South African traders, it also presents a range of opportunities to generate profit and this has drawn in a large number of new traders into the financial market.

One platform that is experiencing exponential growth within the south African market is PrimeXBT, a cutting-edge new fintech startup that is redefining what it means to generate profit in the markets for South African traders and investors.

Exponential Growth in the Last 2 Years

PrimeXBT launched into the global financial trading market in early 2018 with a waiting list of over 150,000 traders, and since then has gone from strength to strength, being one of the most prolific trading platforms to be releasing new and innovative technologies into the financial markets.

Since its launch, PrimeXBT has grown to a point where up to $2 billion worth of global trade flows through its doors each and every day, and millions of traders have used PrimeXBT to generate profits in global markets.

As the South African cryptocurrency market has expanded, so has the number of percentage of PrimeXBT’s users that are from South Africa, and as the profit available in the global Bitcoin market has increased, more and more South African traders have used PrimeXBT to engage with the markets.

The list of assets that can be traded on PrimeXBT has ballooned over this period of time, and the number of ways that traders can use PrimeXBT to generate profits in unique ways is ever-expanding.

PrimeXBT has seen particularly strong penetration into the South African cryptocurrency and traditional asset markets where its low fees and unique tools have supplanted many of the incumbent platforms that have enjoyed a monopoly on the South African market for a long time.

A Range of Different Assets Classes for South African Traders

PrimeXBT’s originally launched as a cryptocurrency-only trading platform, and after widespread success with penetrating into the cryptocurrency market, it leveraged the vast experience within traditional markets that its team have in order to integrate traditional assets, as well as crypto assets, forming a powerful bridge between these two groups of markets.

PrimeXBT lists a wide range of asset classes including CFDs, crypto, forex, and gold, as well as other commodities such as Brent and crude oil, and other traditional assets such as stock indices and a wide range of other forex pairs.

Unlike other platforms which only list assets from a single asset class, or only a limited number of assets from a few classes, PrimeXBT has built its reputation of providing an expansive range of different assets across all assets classes, with the opportunity to quickly and easily transfer funds from one class to a completely different class, all within a single platform.

South African traders that use PrimeXBT can quickly and easily transition funds between the traditional market and the crypto market, with the platform also having the lowest fees of any major trading platform at just 0.05%, and this provides a powerful management tool for traders to cost effectively trade both the crypto market and the traditional market.

Industry-Leading Leverage up to 1000X

As well as being the most economical cryptocurrency trading platforms on the market, as well as having one of the widest ranges of different assets to trade, PrimeXBT is a margin trading-centric platform provides industry-leading leverage of up to 100X on cryptoassets and up to 1000X on all traditional assets.

PrimeXBT is a leader in this respect and offers substantially higher leverages than other South African trading platforms, and even on a global scale, PrimeXBT offers the highest leverage available for all assets.

While many other platforms only offer low leverages that limit the amount of profit that can be generated, PrimeXBT has worked to become a market leader for margin trading in cryptoasset and traditional markets around the world.

Traders can use PrimeXBT’s intuitive user interface in order to quickly and easily access the market and create margin trades with a range of professional charting technologies available to traders, as well as additional features such as fully-customizable widgets in order to specify trading types, and multi-monitor support as standard.

In Conclusion: PrimeXBT for New South African Trading

The South African trading market has been blowing up over the last few years, but in particular in the last few months of worldwide volatility as a result of the coronavirus and the South African market is no different to other markets where it has seen a sharp rise in volatility and trade volume.

PrimeXBT has outpaced other trading platforms in South Africa to become a market leader, and a source of innovation in the industry that is unparalleled.

While the market as a whole is growing in South Africa, it is critically important to use the abundance of new trading options to select those platforms which will enhance the likelihood of generating higher profits, while limiting the presence of risk as much as possible.

Traders at PrimeXBT enjoy a wide range of features and functionality, as well as the lowest fees of any major trading platform in the industry, and for more information you can check out this link.