PrimeXBT lowers fees on forex and crypto
PrimeXBT, a Bitcoin-based margin trading platform offering up to 500x leverage across forex, stock indices, commodities, and cryptocurrencies, has launched a new lower fee structure that includes a reduction in overnight financing fees on all crypto trading pairs, as well as a 10x reduction in trading fees across all forex pairs.
"We are delighted to offer new reduced fees to PrimeXBT platform users. We believe that traders should focus on trading opportunities rather than on costs. Oftentimes, amazing profit opportunities are being missed only due to unreasonably high fees. And we don't want that – we are here to provide the best possible trading environment for our customers," says PrimeXBT.
PrimeXBT offers 18 of the world's most popular forex currency pairs. As of 20 August, trading fees across all forex pairs have all been reduced by a factor of 10x. Trading fees on spot contracts for gold and silver have also been lowered by 10x. The new commission structure allows high frequency traders to earn more profit on each successful position, and grow their capital at a faster rate.
PrimeXBT also features five of the most popular cryptocurrencies: Bitcoin, Ethereum, Litecoin, Ripple, and EOS and offers trading with up to 100x leverage. Crypto assets are highly volatile with the potential for substantial profit. However, high overnight financing fees (for using borrowed funds) don’t allow traders to hold their leveraged positions for a long period of time. With reduced financing commissions, PrimeXBT believes it now provides an attractive solution not only for intra-day traders but for long term investors as well who are interested in holding their positions over one month. Such an offering is also interesting for institutional investors and hedge funds who hold hedging positions against popular cryptocurrencies.