Latest news with #multiassetbroker
Zawya
2 days ago
- Business
- Zawya
Portfolio diversification: PrimeXBT brings regulated crypto and traditional trading into one platform
With the recent expansion of its Financial Sector Conduct Authority (FSCA) licence to include crypto assets, leading multi-asset broker PrimeXBT has become one of the first in South Africa to offer a regulated all-in-one trading experience that combines both crypto and traditional markets. Local traders can now benefit from access to crypto and fiat-denominated accounts, deposits and withdrawals in crypto and fiat, and the ability to trade 150+ markets using either as collateral. This is an important milestone for broader crypto adoption in the country and the region. This article will discuss how PrimeXBT is redefining all-in-one trading, empowering South African traders with better ways to diversify their investment portfolios. Combining crypto and traditional markets in one PrimeXBT's FSCA-regulated offering provides traders access to global markets, including crypto futures, Forex, and CFDs on crypto, stocks, indices, and commodities. Trading accounts can be opened in USD or USDT on the broker's platforms, including PXTrader and MetaTrader 5 (MT5), allowing clients to choose fiat or crypto as collateral. Deposits and withdrawals can be made with fiat currencies like ZAR and USD or popular cryptocurrencies, including BTC, ETH, USDT, and USDC. With the broker's robust built-in crypto exchange, clients can easily convert any digital currencies they deposit or buy into USDT to fund their trading accounts. This seamless combination of digital and traditional markets provides traders with more ways to diversify and gain exposure to new assets in a secure and regulated environment. The broker is committed to enhancing accessibility in the region with competitive trading conditions that help lower barriers to market entry. Trading fees start from 0% on non-crypto CFDs and 0.05% on crypto CFDs, with spreads as low as 0.1 pips. For crypto Futures, fees begin at 0.01%. Through the broker's VIP Tiers, clients can receive substantial discounts on their trading fees based on their trading volumes. PrimeXBT also offers leverage of up to 1,000x, helping traders open larger positions with less capital. However, leverage can amplify both profits and losses, so it's important to understand how it works and use it responsibly as part of a well-managed trading strategy. PrimeXBT also works with top-tier liquidity providers to ensure traders receive fast and reliable execution, with the broker's platforms having 99.9% uptime during even the most volatile conditions. Providing a safe, secure and supportive environment As an FSCA-regulated broker, PrimeXBT is committed to providing its clients with the safest possible trading environment. It ensures strict compliance with all regulations and promotes responsible trading practices, including effective risk management. The broker takes the security of client data, funds and assets seriously, maintaining strict protocols for added protection. All client funds are segregated from the company's operational accounts, and digital assets are protected with multi-signature cold storage technology. PrimeXBT's comprehensive security system also includes multi-factor authentication, DDoS protection, and strong encryption. PrimeXBT also provides free educational content for all experience levels, including local seminars, webinars, tutorials, and market analysis. The broker offers advanced tools like TradingView integration, technical indicators, and Expert Advisors (EAs), equipping clients with everything they need to explore new market opportunities. If clients have any questions, they can contact PrimeXBT's dedicated support team 24/7 to get immediate help from real human agents. Reshaping South Africa's trading and investing landscape Through its integrated offering, PrimeXBT is reshaping how local traders engage with digital and traditional assets under a regulated framework. Harnessing the power of cryptocurrencies as trading collateral gives clients exciting new options to explore and more ways to effectively diversify their portfolios. The broker is setting new standards for regulated and responsible trading, earning users' trust and giving them the confidence to take on the global markets. PrimeXBT (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.
News24
02-06-2025
- Business
- News24
PrimeXBT becomes an FSCA-regulated Crypto Broker in South Africa
PrimeXBT, a leading multi-asset broker, has expanded its FSCA licence to include Crypto Asset services in South Africa. With this development, PrimeXBT strengthens its position as an industry-leading global broker offering both crypto and traditional financial instruments under a regulated framework in the country. This milestone marks a meaningful step toward safer, more accessible crypto trading in South Africa and across the broader region. South African traders now have access to a unified trading environment that combines crypto and traditional markets in one place. Clients can deposit and withdraw in BTC, ETH, USDT, USDC, and USD, open fiat and crypto-denominated accounts on MT5, PXTrader, and Crypto Futures, use crypto as margin, and settle trades directly in their chosen digital asset. They can also exchange stablecoins with USD or from crypto to crypto using the built-in exchanger. In addition to crypto trading, PrimeXBT offers access to Forex, Stock, Commodity, Crypto and Index CFDs, all available through leading platforms such as MT5. Clients can choose to fund their accounts using crypto, USD, or local currency, with multiple convenient regional payment methods supported. With a secure, locally tailored setup, PrimeXBT is built to support both new and experienced traders. 'By expanding our FSCA-regulated offering to include crypto asset services, we're reinforcing our commitment to delivering an all-in-one trading experience that prioritises trust, access, and innovation,' said Sihle Tuta, Head of Region at PrimeXBT South Africa. 'Our goal is to lead the way in regulated crypto adoption across Africa, setting a new standard for what modern brokers should deliver. Financial growth starts with trust, and our mission is not just to help people trade, but to help them grow. That means offering knowledge-building opportunities, trader flexibility, and a secure infrastructure that adapts to the needs of real traders.' Alongside its expanding product offering, PrimeXBT continues to invest in regional development through educational seminars and free online learning resources. From first-time investors to professionals, PrimeXBT remains committed to helping every client trade and grow with confidence. The company also remains focused on supporting local communities as part of its corporate social responsibility (CSR) efforts across South Africa and beyond. This addition to PrimeXBT's regulated operations further strengthens its reputation as a compliant and forward-thinking broker. As demand for regulated crypto access grows, PrimeXBT remains committed to empowering traders to do more with their crypto and explore new opportunities, all within a secure, flexible and innovative trading environment. Start trading with PrimeXBT South Africa. 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 on its website. PrimeXBT (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.
