Litecoin Brokers: Trade with AvaTrade and Etoro

The blog talks about the two litecoin brokers that have carved a niche among the traders who wish to explore their luck into the digital currency. The first name that can be discussed here is of AvaTrade which has been delivering best in the industry Forex trading services. However, once it added litecoin to the list of trading assets, it has become extremely popular. 

This litecoin broker is registered in Ireland and regulated by the Central Bank of Ireland. The minimum deposit to open an account is $100. Nonetheless, any trader can use the same Forex account to trade digital currencies. The company currently offers CFD trading in Bitcoin and Litecoin where it also brings a maximum of 20 to one leverage for trading.

Higher Spreads and Competitive Features 

This litecoin broker does not charge a commission like other brokers; rather, marks up the spreads by $6.00 over the current market price as compensation. Thus, the overall cost to trade is around two to three times higher when trading the BTC/USD pair compared with other brokerage firms. However, as the features are quite impressive, traders don’t mind. 

The traders who have a trading account with this litecoin broker admit that they have received best in the industry services. For instance, the rolling contract expires monthly and can only be traded with a maximum leverage of 2:1. One of the main drawbacks of AvaTrade is that you can’t trade on the weekend. 

Etoro, another Popular Litecoin Broker 

In the list of litecoin brokers, Etoro has also made its name with the excellent range of services and special offers. For instance, the minimum deposit to open an account with Etoro is $50. Trading litecoin at Etoro has been made easy. Its offer is tied to BitStamp’s price feed but you can only enter and exit the market 4 times per day at fixed times.

Traders cannot trade on the weekend as the market hours for the Litecoin CFD are from 0:00 on Monday to 18:00 on Friday they are allowed to make long position. Interestingly, no shorts are permitted by this litecoin broker. Currently the firm does not accept US clients but deposits in USD are accepted. 

Regarding the trust, traders can trust this litecoin broker as it is registered in Cyprus and is regulated by the country’s Securities and Exchange Commission (CySEC). Thus, if a well regulated litecoin broker is what you want, it is the one that you should look for.

Read more about the top Litecoin brokers for trading

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Created on Dec 31st 1969 18:00. Viewed 0 times.

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