How Trading with PrimeXBT Can Unlock Cashback, Trading Bonuses and Lower Costs
For active traders, competitive pricing can make a meaningful difference.
As trading frequency and volumes grow, spreads and fees accumulate, making every opportunity to reduce costs more valuable over time.
PrimeXBT, an FSCA-regulated multi-asset broker in South Africa, allows traders to get additional benefits from their regular trading activity through its Rewards Center, with rewards redeemable for Cashback, a Trading Bonus or lower costs through VIP tiers.
Earning rewards from the start
PrimeXBT’s Rewards Center offers two ways to earn: Trader Tasks and Trade & Earn.
Trader Tasks cover milestones such as making a first deposit and placing a first trade. They have no completion deadline, allowing traders to progress at their own pace, and offer combined rewards worth up to $2,450.
This makes the program accessible to traders at every level, as users can begin building their Rewards Balance through actions associated with the early stages of their trading journey.
Trade & Earn extends the program rewarding ongoing activity. It tracks trading volume through separate milestone paths for Forex and CFDs and for Crypto Futures. As traders reach progressively higher milestones, they unlock larger rewards, with up to $50,240 available across the two tracks.
Together, Trader Tasks and Trade & Earn provide access to potential rewards worth up to $52,690.
Once a milestone has been completed, its reward must be claimed in the Rewards Center. It is then added to the trader’s Rewards Balance and can be redeemed in one of three ways: a Cashback, a Trading Bonus, and VIP tiers.
Turning rewards into Cashback
For traders primarily concerned with managing costs, Cashback offers the most immediate value. It returns part of the eligible spreads or fees already paid and credits the amount to the trader’s account wallet.
Depending on their trading volume and corresponding VIP tier, traders can receive Cashback of up to 10% on PXTrader 2.0 and up to 5% on MT5. Once credited, it is fully withdrawable, although traders can also choose to retain it in their account for further trading.
Unlike an incentive tied to future activity, Cashback is based on eligible costs that have already been incurred. This makes its value straightforward to assess, particularly for active traders whose cumulative trading costs increase with volume.
Additional margin through a Trading Bonus
A Trading Bonus provides a different way to use the Rewards Balance. It adds to the margin available for future positions.
The bonus can be redeemed up to a maximum of 5% of the funded trading account balance and remains valid for one year. The bonus itself cannot be withdrawn, but any profits generated while it is being used can be.
This option may be more relevant to traders who prefer to use their rewards to increase their available trading margin rather than withdraw them as Cashback.
Lower trading costs through VIP tiers
The third option is to redeem the Rewards Balance for access to one of PrimeXBT’s five VIP tiers for a minimum of 30 days.
The VIP Tiers program normally advances traders automatically according to their trading volume over the previous 30 days. Each level provides progressively better conditions, giving more active traders the opportunity to reduce their trading costs as their volume grows.
At VIP5, the highest tier, Crypto Futures taker fees can be reduced by up to 70%, while Forex and CFD spreads can be reduced by up to 25% and Exchange spreads by up to 15%.
On selected CFDs, the savings can be greater. Gold spreads can fall from $0.35 to $0.17, the S&P 500 from 0.4 points to 0.2 and the NASDAQ from 0.8 points to 0.4. Bitcoin CFD spreads can fall to approximately $19.
These pricing benefits apply on the broker’s PXTrader 2.0 platform. Trading volume generated on MT5 contributes towards VIP status, although the corresponding spread reductions do not apply to trades placed on MT5.
A complete offering for South African traders
The Rewards Center forms part of PrimeXBT’s broader offering for South African traders, which includes access to over 350 instruments across Forex, CFDs and Crypto Futures, accounts in different currencies including ZAR, local payment methods and a choice between PXTrader 2.0 and MetaTrader 5 platforms.
By combining broad market access with competitive trading conditions, advanced tools and rewards, PrimeXBT delivers a flexible, all-in-one trading environment that can support different types of traders throughout their journey.
Learn more about PrimeXBT’s Rewards Center.
About PrimeXBT
PrimeXBT is a leading multi-asset broker and crypto asset service provider, regulated in South Africa by the Financial Sector Conduct Authority (FSCA).
The platform bridges traditional and digital markets within one integrated environment, bringing versatility, innovation and world-class trading expertise to the local market.
Clients can access Forex, CFDs on indices, commodities, shares, crypto, and Crypto Futures, as well as buy, store and exchange cryptocurrencies directly.
This unified experience extends across both the native PXTrader 2.0 platform and MetaTrader 5, supported by advanced risk-management tools and a wide range of funding options in crypto, fiat and local payment methods.
Tailored to the needs of South African traders, PrimeXBT is committed to empowering clients with broad multi-asset access, fair and transparent conditions, professional-grade technology and dedicated human support.
By combining expertise, trust and a client-first approach, PrimeXBT sets a benchmark of excellence in the financial industry and provides South African traders with the tools they need to trade, grow and succeed with confidence.
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 / T&Cs.
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.
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