Wednesday, November 22, 2017

The Advantages of Trading Litecoin (LTC) With a Reliable Forex Broker

Litecoin is the fourth largest cryptocurrency (by market capitalization). Litecoin is an exciting financial instrument and highly tradable. However, it is crucial to only trade Litecoin with a reliable forex broker. The following features of top-class forex brokers will give you an advantage with trading Litecoin:

  • Various order types
  • Regulated and fair dealing
  • Easy account opening, deposits, and withdrawals
  • Superior execution speeds
  • Dedicated customer support
  • Infrastructure redundancy - hardware, software, and connectivity
  • Reliable and smart order execution
  • Robust and proven trading platforms
  • Deep liquidity pools

Top Litecoin Brokers

Broker
Benefits
Regulation
Min. Deposit
Instruments
 
2017 TOP CHOICE
 
logo
  • Unique OpenBook social trading platform
  • Trade cryptos 24/7, 365 days a year
  • Copy professional traders’ crypto trades
  • Trade cryptos with 1:1 leverage
CySec
FCA
NFA
$200
Bitcoin (BTC)
Ether/Ethereum (ETH)
Ethereum Classic(ETC)
Ripple (XRP)
Dash
  • Takes less than 10 minutes to be
    in a live trade
logo
  • Positions stay open overnight and over weekends
  • 5:1 leverage on Litecoin
  • Use MetaTrader4 or AvaTradeAct
  • Use Autochartist (award winning technical analysis tool)
EU – MiFId (by CBI)
Australia – ASIC
Japan (FSA)
BVI
South Africa (FSB)
$100
Bitcoin (BTC)
Ether/Ethereum (ETH)
Ethereum Classic(ETC)
Ripple (XRP)
Dash
BTC/EUR
  • Up to 35% bonus on first deposit
  • MetaTrader4 and Webtrader platforms
  • Low spreads
  • Excellent education center
  • Dedicated account manager
  • Access to Trading Central (Gold and Platinum members)
CySec
$100
Bitcoin (BTC)
Ether/Ethereum (ETH)
Dash
  • $25 gift to kickstart your cryptocurrency trading
logo
  • Zero commission and no withdrawal fees
  • No deposit required - $25 award
  • Numerous trading tools
  • Free trading webinars
  • Speedy trade execution
CySec
FSB
No deposit required - $25 free
Bitcoin (BTC/USD)
Dash (DASH/USD)
Ethereum (ETH/USD)
Ripple (XRP)
Bitcoin Cash
Ethereum Classic (ETC)
  • Free practice account

Why Trade Litecoin?

The price of Litecoin has grown exponentially in a really short time, surpassing the highest expectations. Besides yielding unheard-of returns, trading Litecoin offers the following advantages:

  • Big potential as a valuable safe haven asset and hedge against the failure of fiat currencies, governments, and central banks
  • A dynamic way to diversify investment portfolios
  • The fourth largest market capitalization among cryptocurrencies
  • Traded around the clock, 365 days a year
  • One of the world’s most liquid cryptocurrencies

 

How to Trade Litecoin - A Swift Guide

Litecoin is traded on the above-mentioned forex brokers’ trading platforms with contracts for difference (CFDs). It’s just as simple as trading other financial instruments like commodities, stocks, and forex currency pairs. When trading Litecoin, you can also use stop loss, take profit, and any of the different entry orders offered by these dependable brokers.

A safe way to trade Litecoin is with low leverage or zero leverage. Buy-and-hold trading strategies have performed really well in the Litecoin market. Of course, short-term trading strategies can also be successfully implemented on this powerful and unique cryptocurrency.

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