Trade More, Earn More: PrimeXBT Drops Fees By Up To 50% For Active Traders
Companies as they grow, often require additional funding to continue that growth, and regularly achieve this by raising fees to astronomical levels. This is a common thread throughout all industries – take repeatedly Netflix raising monthly streaming fees, much to the dismay of their user base, for example – but no more prominent than in financial industries and the cryptocurrency market.
While Competitors Raise Fees, PrimeXBT Lowers Them
Cryptocurrency exchange Coinbase, recently was the subject of much controversy after abruptly increasing fees on the lowest volume traders on the platform, causing upset and outrage across the financial community. Coinbase said the move was to improve the liquidity in some markets, however, analysts believe that it would have the opposite effect, as users would actually be encouraged to trade less after the fee hike.
It’s extremely rare to see fees lowered as a company’s foothold over an industry grows. However, one Bitcoin-based margin trading platform is often an innovator and trend setter when it comes to providing its users with additional profit in their pockets.
The platform offers one of the most lucrative four-level referral programs, CPA offers for affiliates, and additional ways to earn. In addition, PrimeXBT reduced its already competitive trading fees on many assets on the platform just recently, and is already now announcing yet another discount to their trading fees – this time rewarding the most active traders – up to three different levels – with the most savings.
New Fee System: 50% Off Fees For Active Traders
PrimeXBT has revealed an upgraded, three-level, progressive fee system that is designed to put even more profit in the pockets of the traders of its platform, by offering up to 50% of off trading fees to the most active traders.
The new system is offered in three-levels, with any traders with under 300 BTC turnover in their accounts being offered the platform’s typical low rates. Between 300 and 600 BTC turnover traders will be offered a 25% discount on trading fees, across any and all assets the platform offers. Traders with over 600 BTC turnover will be offered the highest level of discount with up to 50% off all trading fees across all assets featured on the platform.
Turnover is calculated within a 30 day timeframe, and a new “Account Status” widget has been added to the platform that not only keeps tabs on which trading discounts are currently applied and the progress rate of trading turnover, but if additional promotional discounts are applied to the account, the system will automatically apply the more lucrative of the discount.
Traders can begin taking advantage of the new, three-level fee structure on PrimeXBT right away, and will immediately begin to see how less fees can help capital grow at an even faster rate – every little bit back in the pockets of the trader helps.
The Market Can’t Ignore What PrimeXBT Offers For Opportunity
The up to 50% off trading fee discount for active traders applies to any of the assets offered on PrimeXBT, including forex, stock indices, commodities, and cryptocurrencies like Bitcoin, Litecoin, Ethereum, EOS, and Ripple with up to 500x leverage. Traders of the wide range of markets offered on PrimeXBT may opt to more frequently take positions due to the platform offering traders the ability to take long or short positions to profit off both rising and falling markets, or even to profit from when markets are trading sideways.
With so many opportunities to trade and profit, each is also an opportunity for traders to put a little bit of extra profit back in their own bottom line just by choosing PrimeXBT over a competing platform.
The discounted fee structure is already making waves ahead of the debut of the platform’s Covesting fund management module, which will allow traders and investors to profit alongside one another synergistically. The fee structure will attract even more traders to the platform, as they’ll not only be able to save more on the trades they make, but find many additional ways to earn income above and beyond just trading alone.
Traders are always looking for an edge, whether its in the built-in charting software or advanced order types offered by PrimeXBT, or if its an edge in earning additional income and growing their capital faster, and effectively. A good trader knows how to spot a good opportunity, and on PrimeXBT, these opportunities are around every corner.
And with up to 50% off fees for the most active traders, there’s no excuse not to seek additional opportunities to profit.
Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of EWN or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.