Libertex offers crypto CFD trades with zero commission fees
The Libertex platform provides access to crypto CFDs with zero commission fees and tight spreads.
Cryptocurrencies are increasing in popularity day by day. As its popularity increases, so does the number of users who want to get their hands on it. But crypto trading is not as easy as it sounds on paper.
Many people are reluctant to trade cryptocurrency because of the large commissions and fees. Some platforms take a portion of your profits if you regularly engage in buying and selling.
Some crypto trading platforms have reduced or even eliminated their fees to handle such scenarios. But are the platforms that advertise zero commission legitimate?
Let’s look at Libertex, one stock and CFD trading the platform, and how it tries to achieve this legitimately.
What is Libertex?
Libertex is an online broker that offers CFD trading. Some of its underlying assets are commodities, currency, ETFs and cryptocurrencies.
Part of the Libertex group was founded in 1997, and serves millions of users within the EEA and Switzerland.
Moreover, the platform has emerged as one of the best CFD providers. In fact, Libertex has gained immense recognition;
- “Best CFD broker in Europe“ – Global Brands Magazine (2022)
- “Most trusted broker in Europe” – Ultimate Fintech Awards (2021)
It is remarkable to come across a CFD broker that can boast such accolades.
“Indeed, we are known as a broker you can trust and this is a big draw for many, especially in the context of CFDs on cryptocurrencies. But our competitive advantage goes far beyond just honesty and selection of underlying assets. One of the most important the positive things we keep hearing from customers is the quality of our platform.”
Said Mario Chailis, Libertex’s marketing manager
What are CFDs?
In a contract for difference (CFD), the buyer and seller agree that the seller will receive the difference between the asset’s current value and the value at the time of the contract. CFDs give traders the opportunity to profit from price fluctuations without having to hold the underlying assets.
CFD trading is when traders trade the price change during entry and exit. It does not take into account the current value of that asset.
How do platforms offer zero-commission CFD trades?
To ensure that the daily activities are fulfilled, most platforms require a commission or fees on each individual trade. Fees vary for each activity. You have deposit fees, withdrawal fees, producer fees, receiver fees, trading commissions and listing fees.
But platforms also include bid spread, which is why they can offer zero commission trades. This is actually not a fee imposed by the platform, but the difference between the highest and lowest price that the buyer puts on the table.
Libertex’s zero commission on crypto CFD trades
Libertex provides zero commission through its promotional offer. In order for users to be able to take advantage of this offer, they must make a €100 deposit. Users can use the deposit to make crypto CFD trades.
Libertex offers crypto CFD trading zero switching fees, switching fees and commissions. It sounds great, doesn’t it?
Traders should keep in mind that the spread is not zero. However, Libertex offers dense spreads. When the gap between the asking price and the bid price is small, the spread is said to be tight or narrow.
How to use this opportunity with Libertex?
To make the most of this offer from Libertex, follow the steps below to get started:
- Finance your Libertex account. You can make a bank deposit or a credit card deposit. Credit card deposits will be free of any fees.
- You must deposit a minimum of €100 or any higher amount you wish to use for trading.
- You can use your balance to trade various underlying assets including BTC, ETH and other prominent cryptos on the platform.
Libertex provides fast and reliable order execution. It also offers risk management tool to make sure you don’t lose your money and increase Safety.
Trading CFDs is complex and risky. Although Libertex offers a user-friendly platform, make sure you do your research. CFDs are complex instruments with a high risk of losing money. Make sure you understand CFDs and the associated risks before you start trading.
Final thoughts
High commissions and trading fees come as a hindrance to crypto traders.
Libertex’s zero commission initiative may come as a great relief, especially when doing multiple trades. In addition, you can choose from over 70+ popular crypto CFDs for trading.
If you’re looking for a reliable, easy-to-use platform with years of industry trust and experience, Libertex is definitely the place to look.
Follow them on social media:
Website | Facebook | Twitter
Common questions
Yes, you can trade cryptocurrency CFDs without paying commission fees using a platform like Libertex that offers a zero commission option. While some sites offer this as a promotion, others have the program up and running. Tight notices apply.
For deposits and withdrawals, credit/debit cards, bank transfers, Skrill, PayPal, Jeton, etc. are supported.
Libertex’s website and customer service are available in English, German, Spanish, French, Italian, Dutch, Polish and Portuguese.
Risk warning: CFDs are complex instruments and have a high risk of losing money quickly due to leverage. 62.2% of private investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Tight notices apply. Please check our postings on the platform.’
Disclaimer
All information on our website is published in good faith and for general information purposes only. Any action the reader takes on the information contained on our website is strictly at their own risk.
