[PRESS RELEASE – Singapore, September 16th, 2024]
Traders in emerging markets are facing a wide range of economic pressures in 2024. These are shaped by many factors including global macroeconomic shifts, domestic challenges, and geopolitical factors. As a result, traders in these regions are more focused than ever on finding a broker that provides them with the best possible conditions, as well as additional benefits tailored to them.
PrimeXBT, an online Crypto & CFD broker operating in 150+ countries, is leading the way in providing products and services that cater to traders in emerging markets. This includes low barriers to entry, a highly competitive fee structure, and a localised experience.
The Pressures Currently Faced in Emerging Markets
Before looking at the products and services a broker can offer to help benefit traders in emerging markets, it’s important to identify the pressures traders are currently facing in these regions. Although there are a wide range of factors at play, some of the major ones include:
Rising interest rates in developed markets
With major central banks like the U.S. Federal Reserve raising interest rates in an effort to combat inflation, investors are increasingly exiting emerging markets as they look for more stable investments with the potential for higher returns. The rise in interest rates has also seen the dollar strengthen, putting further pressure on emerging markets and their currencies, especially when it comes to imports.
Global inflationary pressures
Although inflation is subsiding in some countries, emerging markets are still experiencing high inflation. The reasons for this include high energy costs, disruptions to supply chains, and uncertainty surrounding the availability of food. As importers of food and energy, most emerging markets are extremely vulnerable to the changes in prices in these areas.
Poor economic growth potential
The Covid-19 pandemic negatively impacted the whole world. However, while developed countries have generally rebounded, the effects are still heavily felt in emerging markets that are still trying to recover. This, combined with high inflation, increasing debts, and a high unemployment rate have dampened the potential for economic growth in these regions.
Removing Barriers to Entry for Traders
With the economic struggles people are experiencing in emerging markets, traders in the regions are actively looking for brokers with low barriers to entry. This includes low minimum deposits, the availability of financial leverage, and highly competitive fees. Features like these help traders get started with a smaller initial investment, which is ideal for those in emerging markets due to the current economic situation.
PrimeXBT caters to all these needs, making it an attractive choice for traders in emerging markets. People can start trading with as little as $1, while leverage of up to 1000x is offered on Forex & CFDs (up to 200x on Crypto). This allows traders to open positions worth up to $1,000, with just that $1 initial deposit. Of course, trading with leverage comes with added risks that must be managed appropriately.
PrimeXBT’s fee structure is equally competitive. Spreads start from just 0.1, and there are no trading fees on all non-Crypto CFDs (0.05% on Crypto). While, with the broker’s Crypto Futures offering, the trading fees start as low as 0.01%.
A Localised Trading Experience
In addition to low barriers to entry, traders in emerging markets are looking for brokers that offer a localised approach, and a familiar experience, making it easier for them to do the things they want to do.
PrimeXBT is committed to making traders feel as comfortable as possible by offering localised payment options, including support for local banks and popular third-party payment providers in different countries. 24/7 support is also provided in a wide range of languages, to ensure clients can get the help they need when they need it.
The current situation in many emerging markets is challenging and can be difficult to deal with, let alone thrive under. Traders specifically must be very particular with their choices and look for the best possible conditions.
PrimeXBT sees the challenges in emerging markets, and offers trading experiences tailored to these regions, are quickly gaining in popularity. The competitive conditions help empower traders who otherwise may find it difficult to enter the markets in the current climate, allowing them to take advantage of market opportunities.
About PrimeXBT
PrimeXBT offers the only all-in-one trading platform that allows clients to buy and sell Cryptocurrencies, and use them to trade 100+ popular markets including Crypto Futures, and CFDs on Crypto, Forex, Indices, Stocks, and Commodities. Since being founded in 2018, PrimeXBT has grown exponentially to serve 1,000,000+ traders in 150+ countries all around the world. Clients enjoy the confidence of trading with an award-winning brand, committed to security, and benefit from round-the-clock support.
Learn more about PrimeXBT’s range of products and services.
Disclaimer: The content provided here is for informational purposes only and is not intended as personal investment advice. 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. Virtual assets are inherently volatile and subject to significant value fluctuations, which could result in substantial gains or losses. 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. PrimeXBT does not accept clients from Restricted Jurisdictions as indicated in our website.
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