In an uncertain crypto economic context, all good news is welcome! Here is one that concerns PrimeXBT and not least since the famous exchange has decided to remove all fees on trading traditional markets from September 12 to 23, 2022, thus allowing all its users to enjoy trading commodities, stock indices and Forex without having to to pay any fees.
It will have escaped no one that we are currently in a long crypto winter, the end of which no one can precisely predict. It therefore seems logical and even prudent to fully play the card of diversifying your portfolio. PrimeXBT’s offer to completely freeze fees on trading traditional markets is therefore timely in this context of crisis. “Don’t put all your eggs in one basket” is a popular saying that takes on its full meaning today.
It is noticed that many traders tend to focus on the cryptocurrency market, sometimes neglecting the traditional markets. However, these can be essential to creating a profitable portfolio. One of the arguments in favor of trading on several markets (crypto and traditional) is the fact of being able to diversify the global risks. The last few years have indeed shown us that most cryptocurrencies are largely moving in the same direction. When the Bitcoin price is down, all markets are down. When the market is bullish, Bitcoin and major altcoins are also bullish. By trading other assets like Stock Indices, Forex, Commodities, you will face new opportunities and many more opportunities to profit from the market.
Very often it is necessary to switch from one platform to another to trade on different markets. This is not the case here since you can do everything within the PrimeXBT site. It saves time and is above all much more practical for traders.
PrimeXBT is one of the few platforms that offers the possibility of trading on different markets such as metals (gold, silver), stock indices, Forex, oil, the SP500 stock index, etc. It should also be noted that it is possible to use leverage on PrimeXBT without having to sell your favorite cryptos to access a wide range of trading assets. You can indeed use Bitcoin, Ether, USDC, USDT but also other cryptocurrencies as margin guarantees in order to work on several markets.
If you are unfamiliar with commodity trading and Forex, this is the perfect opportunity to get started! Even if it means trying one day, you might as well take the plunge on a site that completely eliminates trading fees. And if you are a beginner, we can only encourage you to consult the PrimeXBT Trading Academy, we tell you more in This article. Start trading now on PrimeXBT.
Good plan in progress: when you register for the first time on PrimeXBT and make your deposit, enter the code CRYPTONEWS7000 to get your bonus as a reward in your trading account, in an amount equal to your deposit (up to a maximum of $7,000). All the details here.
Disclaimer: This article is promotional content and does not constitute investment advice. Do your own research and only invest the money you can afford to lose.