Top Singapore trading platform, Phemex, on September 7 announced in the press release the launch of its new VIP program for high-volume traders, to reduce the loss of traders’ revenue occurring through trading fees.
Apart from the VIP program, Phemex also announced an adjustment in the trading fee for market makers and market takers, according to the press release.
Recently, Phemex reduced the contract trading fees to 0.06% and 0.01% for market takers and market makers, respectively.
Traders who are trading with large volumes can enjoy a 0.0325% contract taker fee with no maker fees. On the other hand, spot traders can enjoy 0.0000% and 0.0400% spot maker and taker fees, respectively.
Moreover, Phemex combined both contract and spot VIP programs into one. This implies that all the benefits that VIP level 5 contract traders receive can also be enjoyed by VIP level 5 spot traders and vice versa. Phemex won’t expect clients to satisfy the requirements of both contract and spot, just arriving at the pertinent level for one is sufficient to get a similar advantage for the other.
Furthermore, Phemex is providing an incredible welcome bonus for 30 days to day traders from various trading platforms who provide their trading history from the platform in order to reach the corresponding VIP 1 level on Phemex.
Phemex is determined to give the industry the most effective and helpful VIP program. Clients who are VIP level 4 or above can likewise enjoy a withdrawal quick pass and have a 1-on-1 VIP account chief committed to every need. With the new VIP program, clients who qualify will be able to receive different rewards, discounts, and products from Phemex.
Phemex deserves to be praised as an exchange for its low-cost trading fees compared to other trading platforms. Phemex also provides numerous other phenomenal elements that make it the leading exchange for both new and experienced traders.
These advantages incorporate a UI that is natural and easy to utilize; refined trading tools like futures contracts and margin trading; and client service given by a group of experts — 24 hours per day, 7 days per week.
Phemex is a Singapore-based crypto trading platform that was launched in 2019. It provides trading services like spot trading and contract trading. The platform offers the most cost-efficient trading fees in comparison to all the other crypto trading platforms.