No Buying and selling Charges at CEX.IO Dealer. What’s The Catch?
Some platforms place themselves as commission-free, whereas nonetheless charging sure charges in a much less clear means. Such charges are normally not very simple to identify. However you’ll be able to stumble upon them later and get dissatisfied. Some caveats price mentioning:
1. Unfold widening. Some platforms recoup charges by incorporating them into the unfold. This implies you pay a bit greater than the prevailing value if you open a Lengthy place and obtain rather less if you Quick. Even when the distinction is small however in important quantities, it’s fairly noticeable.
2. Platform charges. It may be month-to-month, quarterly, or annual charges simply to have an account with the platform. This price is charged no matter whether or not or no you utilize the platform.
3. Knowledge/Subscriptions charges. These may be charges for receiving sure market knowledge or analysis. Typically, it may be supplied totally free, and charges would apply later upon a trial interval, which oftentimes are forgotten to cancel. 😬
These will not be the one circumstances, there are a lot of different methods platforms cost unaware merchants attracted by the no-fees coverage.
The principle level is buying and selling could look free on the floor, however digging deeper, you might be more likely to end up paying some fee.
That’s not our case. CEX.IO is completely different and now we’ll clarify why.