Libertex provides crypto CFD trading without commission fees

The Libertex platform provides access to crypto CFDs with no commission fees and tight spreads.

Cryptocurrencies are gaining popularity day by day. As its popularity grows, so does the number of users who want to get their hands on it. But crypto trading is not as easy as it looks on paper.

Many do not want to trade cryptocurrency due to high commissions and fees. Some platforms take part of your profits if you are regularly engaged in buying and selling.

Some crypto trading platforms have reduced or even eliminated their fees to deal with such scenarios. However, are platforms that advertise zero commission legit?

Take Libertex, a stock and CFD trading platform, and how it legitimately tries to achieve it.

What is Libertex?

Libertex is an online broker that offers CFD trading. Some of its underlying assets are commodities, currencies, ETFs and cryptocurrencies.

Part of the Libertex Group was founded in 1997, serving millions of users in the EEA and Switzerland.

Moreover, the platform has become one of the best CFD providers. In fact, Libertex has received enormous recognition;

  • Best CFD Broker in Europe – Global Brands Magazine (2022)
  • Europe’s Most Trusted Broker– Ultimate fintech awards (2021)

It is remarkable to come across a CFD broker who can boast such accolades.

“We are, indeed, known as a broker you can trust, and that is huge appeal to many, especially in the context of cryptocurrency CFDs. But our competitive advantage goes far beyond simple honesty and choice of underlying assets. One of the biggest positives we consistently hear from clients is the quality of our platform.”

Said Mario Chailis, Marketing Director of Libertex

What are CFDs?

In a contract for difference (CFD), the buyer and seller agree that the seller receive the difference between the current value of the asset and the value at the time of the contract. CFDs offer traders the opportunity to profit from price fluctuations without having to own the underlying assets.

CFD trading occurs when traders trade the change in price when entering and exiting. It does not take into account the current value of this asset.

How do platforms offer commission-free CFD trading?

To ensure that daily activities are fulfilled, most platforms take a commission or fee from each transaction. Fees vary for each activity. You have deposit fees, withdrawal fees, maker fees, taker fees, trading commissions and listing fees.

But the platforms also include the bid-ask spread, and that’s why they can offer commission-free transactions. It is not actually a fee charged by the platform but the difference between the highest price and the lowest price that the buyer puts on the table.

Libertex zero commission on crypto CFD trades

Libertex provides zero commission through its promotional offer. To qualify for this offer, users must make a Deposit of 100 €. Users can use the deposit to perform crypto CFD transactions.

Libertex offers crypto CFD trading with zero exchange fees, swap fees and commissions. Sounds good, doesn’t it?

Traders should keep in mind that the spread is not zero. However, Libertex offers tight spreads. When the spread between the ask 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 that you wish to use for trading.
  • You can use the balance to trade various underlying assets including BTC, ETH, and other major cryptos on the platform.

Libertex provides fast and reliable order execution. It also offers risk management tools to make sure you don’t lose your funds and increase Security.

CFD trading is complex and risky. Even though Libertex provides a user-friendly platform, be sure to do your research. CFDs are complex instruments with a high risk of losing money. Make sure you fully understand CFDs and the associated risks before you start trading.

Final Thoughts

High commissions and trading fees are an obstacle for crypto traders.

Libertex’s zero commission initiative can come as a great relief, especially when performing multiple transactions. Additionally, you can choose from over 70 popular crypto CFDs to trade.

If you are looking for a reliable and user-friendly platform with years of trust and experience in the industry, Libertex is definitely the place you should look.

Follow them on social media:

Website | Facebook | Twitter

FAQs

Yes, you can trade cryptocurrency CFDs commission-free using a platform like Libertex which offers a commission-free option. While some sites offer this as a promotion, others have the program up and running. Tight spreads apply.

For deposits and withdrawals, credit/debit cards, bank transfers, Skrill, PayPal, Token, etc. are supported.

The Libertex website and customer service are available in English, German, Spanish, French, Italian, Dutch, Polish and Portuguese.

Risk Warning: CFDs are complex instruments and come with a high risk of losing money quickly due to leverage. 62.2% of retail investor accounts lose money when trading CFDs with this provider. You have to ask yourself if you understand how CFDs work and if you can afford to take the high risk of losing your money. Tight spreads apply. Please check our spreads on the platform.’

Disclaimer

All information contained on our website is published in good faith and for general information purposes only. Any action the reader takes on the information found on our website is strictly at their own risk.

About Ellie Cohn

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