Libertex, the forex and CFD trading brand member of the Forex Club group, announced it is launching trading in CFDs on Bitcoin and Litecoin, starting from July 6.
Like the ever growing number of forex brokers adding various cryptocurrencies to their tradable instruments portfolio, Libertex explains its move with the massive investor interest in the digital currencies in the past several months.
“Nowadays the interest in cryptocurrencies is very high, and the number of people intending to invest money into cryptocurrencies grows in geometric progression. Launch of the contracts for these instruments in Libertex will satisfy the demand from European traders”, said Libertex Business Development Manager Andew Nikolaev.
According to Libertex, the option of trading in CFDs, instead of the physical buying of cryptocurrencies, allows clients to gain profit not only from the assets appreciation but also from the assets depreciation and this makes them very attractive to traders.
Libertex is a product of Forex Club that offers access to more than 150 tradable instruments, inclduding forex, stocks, indices, metals, commodities, oil and gas. The platform is available in a web-based version, as well as as a mobile platform for Android and iOS. It is available to customers in Latin America, Asia and Europe. The platform has the advantage of offering good risk protection by limiting risk exposure to the amount of opened transactions, not to the entire account balance.
Forex Club is a collective brand of several entities that provide trading in forex and CFDs on shares, metals, indices, and other instruments. The brokerage has clients in more than 120 countries, mainly within the Commonwealth of Independent States (CIS), or the former Soviet countries.