| Updated: November 5, 2025Our team of expert traders tested several regulated and trustworthy Litecoin trading brokers and compiled a top list of the best among them. Each Litecoin broker received a quality score based on several factors, including its Trustpilot rating, regulation, fees and commissions, available trading platforms, customer service and more.
Plus500 USThis content applies only to Plus500 US and clients from the United States. Trading futures involves the risk of loss.- eToro61% of retail investor accounts lose money
- Fusion Markets74-89% of retail's CFD accounts lose money
- FP Markets73.85% of retail investor accounts lose money
- Global Prime74-89% of retail CFD accounts lose money
- Pepperstone75.5% of retail investor accounts lose money
Top ten LTC trading brokers
As an attractive financial instrument in which to invest, Litecoin is among the top 10 cryptocurrencies in terms of market capitalisation. We have compiled a list of ten well-established trading brokers, fully equipped to offer a seamless Litecoin trading process.
TRADE NOWREAD REVIEWPlatformscTrader, DupliTrade, Fusion+ Copy Trading, MetaFX, MetaTrader 4, MetaTrader 5, TradingViewMin Deposit$0Fees- No deposit and withdrawal fees;
- No account inactivity fees
Deposit Methods
CommissionsStart from $2.25 per lot commissionSpreadEUR/USD: AVG 0.93 pips, GBP/USD: AVG 1 pips, USDJPY: AVG 1.7 pipsWithdrawal Methods Leverage EU1:2Leverage non-EU1:500 (ASIC | Pro Account), 1:30 (ASIC | Retail Account), 1:500 (VFSC | Retail Account)InstrumentsCommodities CFDs, Crypto CFDs, Forex CFDs, Indices CFDs, Metals CFDs, Stock CFDs* All financial products involve risk and you should ensure you understand the risk involved as certain financial products may not be suitable for everyone. Trading in margin foreign exchange and derivatives carries a high level of risk and you may incur a loss that is far greater than the amount you invested.Fusion Markets is another outstanding online broker, offering low-cost services for traders of all levels. The company has no minimum account balance requirement and charges no fees on deposits. With a $2.25-per-side commission and average spreads for Litecoin trading of 0.378, it offers competitive trading conditions.
Fusion Markets is focused on excellence in customer support. Every live account holder has their own trading specialist assisting with technical and trading issues. The platform is particularly suitable for novice traders, as it offers Copy Trading via Fusion+. With just a few clicks, customers can replicate the trades of other skilled traders.
Fusion Markets’ operations are overseen by the Australian Securities and Investments Commission and the Vanuatu Financial Services Commission.
The steps from account opening to trading are simple and quick: filling in personal details, verifying the account, and funding it. Once ready, traders have access to more than 250 financial products, all available at competitive spreads.
The industry-standard MetaTrader 4 and 5 platforms are available, as well as an MT4 mobile app.
More than 15 crypto assets are available for trading, including Litecoin, Bitcoin, Dogecoin, and Solana, among others. Minimum spreads for Litecoin trading start at 0.360, with an average of 0.378.
- TRADE NOWREAD REVIEWRegulatorsCySEC (Cyprus, # 109/10), FCA (United Kingdom, # 583263), FRSA (United Arab Emirates, # 220073), FinCEN (United States, # 31000204884179), FINRA (United States, # 298361), FSAS (Seychelles, # SD076), GFSC (Gibraltar, # 1333B), AMF (France, # E2022-038), MFSA (Malta, # C97952), SEC (United States, # 0001753042), ASIC (Australia, # 491139)PlatformseToro App, eToro CopyTrader, eToro Investing2. eToroMin Deposit$50 or $100 based on country ($10 for the UK)Fees
- 1% fee for buying cryptocurrencies, added to the Bid-Ask spread;
- Conversion fees to non-USD deposits and withdrawals;
- A $5 fee on withdrawals;
- Inactivity fee after 12 months of no login activity
Deposit Methods Commissions1% fee for buying cryptocurrenciesSpreadEUR/USD: AVG 1 pips, GBP/USD: AVG 2 pips, USDJPY: AVG 1 pipsWithdrawal Methods Leverage EU1:400 (CySEC | Pro Account), 1:30 (CySEC | Retail Account)Leverage non-EU1:400 (FSAS | Retail Account)InstrumentsCommodities CFDs, Crypto CFDs, ETF CFDs, Forex CFDs, Indices CFDs, Metals CFDs, Share CFDs, Stock CFDs, US Stock CFDsCrypto investments are risky and may not suit retail investors; you could lose your entire investment. Understand the risks here.eToro is one of the global market leaders in the trading industry, offering everything you need on a single platform. Founded in 2007 and headquartered in Tel Aviv, the company originally operated as RetailFX.
The company has established itself as the leading social trading network thanks to the innovative social trading feature it introduced in 2010. Customers can follow and copy the portfolios of top crypto investors and therefore enjoy potential profits from the very beginning of their crypto-investment experience.
The operator performs particularly well in the cryptocurrency segment, offering an extensive range of digital tradable assets. Overall, it provides an impressive portfolio of more than 3,000 tradable instruments.
For cryptocurrency trading, the maximum allowable leverage for customers based in Europe, the United Kingdom, and Australia is 1:2. Clients of eToro (Seychelles) Ltd can use leverage of up to 1:5. All users can invest in a portfolio of cryptocurrencies and take advantage of the feature-packed trading platform.
Clients can deposit funds via debit card or bank transfer and start trading right away through eToro’s intuitive web-based platform and well-designed mobile app.
eToro is a fully regulated online brokerage, holding licenses from well-established financial authorities around the world, including CySEC, the FCA, and ASIC, among others.
- TRADE NOWREAD REVIEWRegulatorsCONSOB (Italy, # 211), FCA (United Kingdom, # 434413), SCB (Bahamas, # 199667 B), CMVM (Portugal, # 433), FSCM (Mauritius, # GB24203277), CVM (Brazil, # 43050.917/0001-03)PlatformsMetaTrader 4, MetaTrader 5, Proprietary Web, TradingView3. ActivTradesMin Deposit$0Fees
- 0.5% on deposits (EU/EEA cards)
- 1.5% on deposits (non EU/EEA cards)
- $12.50 for bank transfer withdrawals in USD
- £9 for bank transfers in GBP (SCB and FSC entities only)
- A $10 inactivity fee after 50 weeks
Deposit Methods CommissionsNone on crypto CFDsSpreadEUR/USD: AVG 0.5 pips, GBP/USD: AVG 0.8 pips, USDJPY: AVG 0.5 pipsWithdrawal Methods Leverage EU1:2 (1:20 for Pro accounts)Leverage non-EU1:400 (CMVM | Pro Account), 1:30 (CMVM | Retail Account), 1:1000 (FSC), 1:200 (SCB)InstrumentsBonds CFDs, Commodities CFDs, Crypto CFDs, ETF CFDs, Forex CFDs, Indices CFDs, Share CFDsCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.With over two decades of market experience, ActivTrades has established itself as a globally esteemed online broker renowned for its razor-sharp spreads, commission-free trading services, and a comprehensive portfolio of 1,100 tradable symbols. The company caters to a global customer base and holds five licenses issued by the financial watchdogs of the UK, Portugal, Brazil, Mauritius, and the Bahamas. The broker safeguards all traders with negative balance protection and enhanced investor compensation, which covers up to $1 million per claimant.
Cryptocurrency traders can choose from 15 digital assets tradable through CFDs, including Litecoin, Ethereum, Bitcoin, Ripple, and Avalanche. Customers seeking greater exposure can bolster their positions in LTC/USD with leverage capped at 1:2 for Europe and 1:20 for most other countries. Litecoin traders incur no additional commissions on their positions, paying only an average spread of 0.50 points. The position size ranges from 0.01 to 100 lots for LTC/USD.
As for the supported trading platforms, the MetaTrader suite and TradingView are available in addition to the broker’s proprietary browser-based software. ActivTrades has waived its minimum deposit requirements, enabling new customers to deposit as much as they like. Professional, spread-only, and swap-free accounts are on offer along with a demo account, allowing you to practice risk-free cryptocurrency trading for 30 days.
- TRADE NOWREAD REVIEWRegulatorsCIRO (Canada), CySEC (Cyprus, # 347/17), FRSA (United Arab Emirates, # 190018), FFAJ (Japan, # 1574), FSCA (South Africa, # 45984), FSRA (Canada, # 190018), ISA (Israel, # 514666577), JFSA (Japan, # 1662), ASIC (Australia, # 406684), BVIFSC (Virgin Islands, British, # SIBA/L/13/1049), CBI (Ireland, # C53877)PlatformsAvaOptions, DupliTrade, AvaSocial, MetaTrader 4, MetaTrader 5, AvaTadeGO, Proprietary Web, ZuluTrade4. AvaTradeMin Deposit$100Fees
- No deposit and withdrawal fees;
- A $50 fee after 3 months of inactivity
Deposit Methods CommissionsNoneSpreadEUR/USD: AVG 0.8 pips, GBP/USD: AVG 1.2 pips, USDJPY: AVG 1.3 pipsWithdrawal Methods Leverage EU1:2Leverage non-EU1:400 (Pro Account), 1:30 (Standard Account)InstrumentsBonds CFDs, Commodities CFDs, Crypto CFDs, Crypto Options, Energy CFDs, ETF CFDs, Forex CFDs, Forex Options, Index Options, Indices CFDs, Metals CFDs, Share CFDs, Stock CFDs, Stock Options, US Stock Options* CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.AvaTrade is a globally renowned brokerage service provider that has been operating since 2006. The sign-up process is quick and easy, and the platform provides a host of educational resources. The company uses a commission-free pricing model and offers very competitive spreads. As for non-trading expenses, deposits and withdrawals are free of charge. The minimum amount required to fund a trading account is $100.
The cryptocurrency offering available to AvaTrade’s customers includes Bitcoin, Ethereum, EOS, NEO, Dash, Chainlink, Stellar, and Litecoin, among others. AvaTrade does not restrict trading to crypto cross pairs; it also offers cryptocurrencies against fiat currencies.
When trading Litecoin CFDs at AvaTrade, traders can buy and sell instantly thanks to speedy execution and leverage. As an industry leader, AvaTrade features some of the lowest spreads on Litecoin and other crypto assets. Traders can choose between the powerful MT4, MT5, and WebTrader platforms.
Besides its diverse crypto trading portfolio and tight spreads, there are many other advantages to trading Litecoin with AvaTrade. To begin with, the company is licensed by seven renowned financial institutions worldwide. When speculating on the price fluctuations of cryptocurrencies and other financial instruments, traders can use various risk-management tools, including stop-loss and take-profit limits.
- 5. AdmiralsMin Deposit$100Fees
- No deposit and withdrawal fees;
- Monthly inactivity fee of $10 after 12 months of no login activity;
- 0.3% currency conversion fee
CommissionsNoneSpread- Minimum spreads of 0.5%
- Typical spreads of 0.5%
Leverage EU1:2Leverage non-EU1:2* CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.Admirals is a reputable brokerage firm founded in 2001. The company’s trading operations are regulated by globally renowned authorities, including the FCA, CySEC, and ASIC. The broker requires a minimum deposit of $100.
Over the years, the company has received several awards for its excellent Forex and CFD trading services. Customer support is available in 26 languages.
The company offers a robust product portfolio of more than 4,000 tradable instruments, including currencies, cryptocurrencies, commodities, indices, bonds, and stocks. Its crypto trading catalog features more than 20 cryptocurrencies that can be traded as CFDs in pairs with USD, EUR, and Bitcoin.
For Litecoin trading, the company offers a maximum leverage ratio of 1:2 for retail accounts and competitive spreads of 0.5%.
In addition to MetaTrader 4, MetaTrader 5, and WebTrader, Admirals offers MetaTrader Supreme Edition, which features additional widgets and tools not available elsewhere. Automated trading is also supported. The popular copy trading feature is likewise available at Admirals.
Admirals also provides a comprehensive educational section that includes Forex and CFD webinars, articles, tutorials, and a trader’s glossary.
- TRADE NOWREAD REVIEWRegulatorsPlatformsMetaTrader 4, MetaTrader 5, Proprietary Mobile, Proprietary Web6. PepperstoneMin Deposit$0Fees
- No deposit and withdrawal fees;
- No account maintenance and inactivity fees
Deposit Methods CommissionsNone for standard accountsSpreadEUR/USD: AVG 1.1 pips, GBP/USD: AVG 1.3 pips, USDJPY: AVG 1.3 pipsWithdrawal Methods Leverage EU1:500 (CySEC | Pro Account), 1:30 (CySEC | Retail Account), 1:30 (FCA | Retail Account)Leverage non-EU1:500 (SCB | Pro Account), 1:30 (ASIC | Retail Account), 1:30 (DFSA | Retail Account), 1:200 (SCB | Retail Account)InstrumentsCommodities CFDs, Crypto CFDs, Energy CFDs, Forex CFDs, Indices CFDs, Metals CFDs, Stock CFDs* CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.9% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.Pepperstone is a high-end brokerage firm established in Australia in 2010. It is among the world’s largest online trading providers and stands out from its competitors thanks to its broad range of unique trading features and tools available on its platform. Besides Forex, it offers CFDs on indices, cryptocurrencies, shares, commodities, and more.
Cryptocurrency CFDs at Pepperstone can be traded without the need for a digital wallet, and this asset class offers excellent trading opportunities due to its high volatility. Clients also enjoy weekend trading in Bitcoin, Bitcoin Cash, Litecoin, and many other crypto assets. The maximum allowable leverage for retail accounts is 1:2.
Pepperstone offers some of the most competitive spreads when it comes to crypto trading, including Litecoin.
The minimum deposit to open a live account is $200. There are plenty of payment options available for funding and withdrawing from accounts.
Pepperstone invests heavily in technology, and traders of all levels are well catered for. On the MetaTrader 4 and 5 platforms, clients have all the necessary trading and risk-management tools to reach their full potential. cTrader is also available. Pepperstone’s offering is tailored to every type of trader, from beginners to experienced professionals.
Trust and transparency are of vital importance to Pepperstone. In addition to its highly knowledgeable customer support staff, Pepperstone is safe and dependable. The company is regulated and licensed by leading financial authorities.
- TRADE NOWREAD REVIEWRegulatorsCySEC (Cyprus, # 371/18), FSAS (Seychelles, # SD130), FSCA (South Africa, # 50926), SCB (Bahamas), ASIC (Australia, # 286354), FSCM (Mauritius, # GB21026264)PlatformscTrader, IRESS, MetaTrader 4, MetaTrader 5, TradingView7. FP MarketsMin Deposit$50 (AU$100)Fees
- No deposit and withdrawal fees;
- No account inactivity fees
Deposit Methods CommissionsNo commission for Standard accounts and $3 per side for Raw accountsSpreadEUR/USD: AVG 1.2 pips, GBP/USD: AVG 1.4 pips, USDJPY: AVG 1.5 pipsWithdrawal Methods Leverage EU1:500 (CySEC | Pro Account), 1:30 (CySEC | Retail Account)Leverage non-EU1:30 (ASIC | Retail Account), 1:500 (FSAS | Retail Account)InstrumentsCommodities CFDs, Crypto CFDs, Energy CFDs, Forex CFDs, Indices CFDs, Metals CFDs, Stock CFDs* Contracts for Difference (CFDs) are derivatives and can be risky; When trading CFDs you do not own or have any rights to the CFDs underlying assets.FP Markets is a leading Forex and CFD broker headquartered in Sydney, Australia. The company began operations after obtaining a license from the Australian Securities and Investments Commission. It is also regulated by the Cyprus Securities and Exchange Commission to serve various other jurisdictions in Europe.
Since its inception in 2005, the company has been dedicated to delivering best-in-class trading services across a portfolio of more than 10,000 financial instruments. This commitment has been recognized with more than 40 industry awards for customer support and impeccable trade execution.
This trading broker has a low minimum deposit requirement of $100 and offers fast, convenient deposit and withdrawal methods. Multilingual customer support is available 24/7.
The brokerage has invested heavily in technology and provides an optimal trading environment for traders of all experience levels. Advanced trading platforms such as MetaTrader 4, MetaTrader 5, WebTrader, and the Iress platform are available to FP Markets’ customers.
The company’s cryptocurrency product line includes popular assets such as Bitcoin, Cardano, Dogecoin, Ethereum, and Ripple. Litecoin also features competitive average spreads of 0.3142.
Overall, this trading broker offers excellent trading conditions for traders of every level.
- TRADE NOWREAD REVIEWRegulatorsCySEC (Cyprus, # 079/07), FSAS (Seychelles, # SD056), FSCA (South Africa, # 54018), ASIC (Australia, # 246566), BVIFSC (Virgin Islands, British, # SIBA/L/20/1135)PlatformsMetaTrader 4, MetaTrader 5, Proprietary Mobile, Proprietary Web, TradingView8. easyMarketsMin Deposit$25 ($2,000 for MT4 Premium, $10,000 for MT4 VIP)FeesNo deposit and withdrawal feesDeposit Methods CommissionsNoneSpreadEUR/USD: MIN 0.8 pips, EUR/USD: AVG 0.7 pips, GBP/USD: MIN 1.4 pips, GBP/USD: AVG 0.9 pips, USDJPY: MIN 1.5 pips, USDJPY: AVG 2 pipsWithdrawal Methods Leverage EU1:500 (CySEC | Pro Account), 1:30 (CySEC | Retail Account)Leverage non-EU1:500 (ASIC | Pro Account), 1:30 (ASIC | Retail Account), 1:2000 (FSAS | Retail Account)InstrumentsCommodities CFDs, Crypto CFDs, Forex CFDs, Forex Forwards, Forex Options, Indices CFDs, Metal Options, Metals CFDs, Share CFDs* Trade Responsibly: CFDs and Options are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs and Options work and whether you can afford to take the high risk of losing your money.
EasyMarkets has been serving its customers for more than 20 years. Since its inception, the company has focused on innovative trends in trading products, instruments, and services.
As a properly regulated broker supervised by renowned institutions such as CySEC, the company operates in strict compliance with regulations governing financial services and the protection of customer funds.
In addition to its varied portfolio of more than 200 tradable markets, the company offers a range of instruments that can be tailored to the specific investment goals and risk tolerance of each trader.
easyTrade is one of the operator’s newest and most innovative trading instruments: potential profits are not capped, and there is no need for a Stop Loss because the risk is fixed. Furthermore, easyTrade allows traders to leverage their crypto positions in accordance with the requirements and limits imposed by ESMA.
For a small fee, customers can cancel losing trades within one, three, or six hours. They can do so by activating another trading instrument called dealCancellation.
EasyMarkets offers another uniquely designed tool known as Freeze Rate. Once traders activate it, they can freeze the price they see for a few seconds and execute their trades. Given the high volatility to which cryptocurrencies are exposed, this can be a particularly handy tool.
- 9. IC MarketsMin Deposit$200Fees
- No deposit and withdrawal fees;
- No account inactivity fees
Deposit Methods CommissionsNone for standard accountsSpreadEUR/USD: AVG 0.82 pips, GBP/USD: AVG 1.03 pips, USDJPY: AVG 0.94 pipsWithdrawal Methods Leverage EU1:500 (CySEC | Pro Account), 1:30 (CySEC | Retail Account)Leverage non-EU1:1000 (FSAS | Retail Account)InstrumentsCommodities CFDs, Crypto CFDs, Energy CFDs, Forex CFDs, Indices CFDs, Metals CFDs, Stock CFDs* CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.27% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.Established in 2007 in Australia, IC Markets is a global online brokerage company regulated by top-tier financial authorities. It holds licenses from CySEC, the FSA, and ASIC. This popular electronic communication broker has expanded over the years and has managed to attract more than 100,000 active users.
Opening an account is quick and straightforward, and deposits and withdrawals are cost-free and easy to navigate. Users can choose from more than 10 secure payment methods. The minimum allowable deposit is $200, and there are no additional fees for account maintenance or inactivity. Customers can trade on the MetaTrader 4 and MetaTrader 5 platforms, as well as the cTrader platform. Each offers an array of trading tools and features.
IC Markets offers a demo account accompanied by an extensive library of educational resources, webinars, podcasts, and a constantly updated news feed. The company’s social trading platform, ZULU Trade, allows customers to follow the trading signals of successful investors and easily adapt them to their own trading strategies.
Customers can choose between two account types, each with a different pricing model – a Standard account and a Raw Spread account. Commissions are not charged on Standard accounts, and spreads vary by instrument.
Regarding Litecoin trading, the brokerage offers minimum spreads of 1.050 and average spreads of 1.597 for Standard accounts. Overall, IC Markets is committed to delivering competitive spreads, fast execution, and excellent customer service.
- TRADE NOWREAD REVIEWRegulatorsCySEC (Cyprus, # 319/17), FCA (United Kingdom, # 793714), SCB (Bahamas, # SIA-F245), ASIC (Australia, # 513393), ESCA (United Arab Emirates, # 20200000176)PlatformsMetaTrader 4, Proprietary Mobile, Proprietary Web, TradingView10. Capital.comMin Deposit$20Fees
- No deposit and withdrawal fees;
- No account inactivity fees
Deposit Methods CommissionsNoneSpreadEUR/USD: AVG 0.6 pips, GBP/USD: AVG 1.3 pips, USDJPY: AVG 1 pipsWithdrawal Methods Leverage EU1:30 (CySEC | Retail Account), 1:30 (FCA | Retail Account), 1:300 (CySEC | Pro Account), 1:300 (FCA | Pro Account)Leverage non-EU1:30 (ASIC | Retail Account), 1:200 (SCB | Retail Account)InstrumentsCommodities CFDs, Commodity Futures, Crypto CFDs, Crypto futures, Currency Futures, Forex CFDs, Index Futures, Indices CFDs, Options, Share CFDs* CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83.45% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.Capital.com is another award-winning trading venue founded in 2016. It has expanded its global presence with offices in the United Kingdom, Cyprus, Australia, Seychelles, and Gibraltar. The company falls under the regulation of the FCA, CySEC, ASIC, and FSA. It has become the preferred trading destination for more than 500,000 customers worldwide.
The signup process takes only a few minutes. For newly created accounts, the operator requires a minimum deposit of just $20.
The online brokerage offers a particularly wide range of crypto assets to trade, featuring competitive spreads and the opportunity to take leveraged positions. As a commission-free online brokerage, Capital.com relies on spreads to generate revenue. Users can refer to the broker’s live spreads section to check the prices for trading the extensive list of cryptocurrencies, including Litecoin.
Overnight fees apply when customers trade with leverage. As for other costs, Capital.com does not charge signup, deposit, withdrawal, or inactivity fees.
Besides cryptocurrencies, the company’s trading portfolio includes indices, forex, commodities, and shares. Capital.com also stands out for its high-quality educational content, including a trading glossary, lessons, and guides.
Considering that the contemporary financial market is rife with crypto investment opportunities, traders should take advantage of every profitable opportunity to diversify their portfolios. Litecoin (LTC) was introduced shortly after Bitcoin in October 2011 by former Google engineer Charles Lee. It was intended as an alternative to the market leader, enabling faster and cheaper transactions.
Litecoin’s all-time high was reached in December 2017, at $336.72. Much like other crypto assets, it is prone to price fluctuations, which, however, have not been as drastic as those of some other cryptocurrencies.
As a decentralised, online-based currency, Litecoin functions without the intervention of third parties. Litecoin utilises blockchain technology to handle and record transactions. It is generated through mining, and miners of the crypto asset verify transactions and earn Litecoins in the process.
Litecoin enables affordable, peer-to-peer payments across the globe, processed quickly. Its initial aim was to offer a cheaper and more easily obtainable version of Bitcoin.
Since its inception, Litecoin has been constantly compared with its predecessor and is often referred to as ‘the silver to Bitcoin’s gold’. It was created as a complementary currency rather than a competitor to Bitcoin.
Although both coins are generated through mining and their supplies are capped, that of Litecoin is four times higher than Bitcoin’s. In terms of average transaction time, the original cryptocurrency averages 10 minutes, whereas that of Litecoin is much faster – 2.5 minutes.
This publication explores the specifics of Litecoin trading and provides a list of ten award-winning trading brands that have incorporated the asset into their product line.
How LTC trading works for traders and brokers
Generally, trading Litecoin involves opening a contract in which traders agree to exchange the difference in price of the asset between the opening and closing of their positions. Below, we examine some of the specifics of trading Litecoin relevant to both traders and brokers.
How LTC trading works for traders
The process of trading Litecoin can be quite straightforward, provided traders have a clear idea of the strategy they wish to follow, as well as their trading expectations, budget and risk tolerance.
While opening an account with a trading broker involves providing personal and contact information, the verification procedure requires uploading identity documents and proof of address. These are kept confidential and are used only for compliance purposes.
A well-rounded trading plan includes a clear definition of trading goals, risk tolerance and a selection of markets to trade. Taking advantage of the risk-management tools available at the chosen online brokerage company is also highly advisable.
Traders wishing to explore the Litecoin market should stay abreast of the latest developments, news and market analysis related to the crypto asset. They should also consider performing technical analysis on Litecoin. Trading brokers provide charts and a range of indicators to help their customers identify trends and market sentiment.
Finally, traders should open their position and decide how much money they are willing to risk. Online brokerage companies utilise various trading platforms such as the industry-standard MetaTrader software, along with mobile apps that enable trading on the go. If traders want to open a long Litecoin position, they should select ‘Buy’. If they wish to open a short Litecoin position, they should select ‘Sell’.
How LTC trading works for brokers
As a much-sought-after altcoin, Litecoin has been added to the trading portfolio of many online brokerage companies. Below, we examine various aspects of trading Litecoin from the operators’ point of view.
There are two approaches to trading Litecoin. With the first, traders can buy the asset directly from an exchange and store it in a crypto wallet, hoping its price will increase over time.
With the second approach, traders use Contracts for Difference (CFDs) to speculate on the crypto’s price swings and can benefit from both increases and falls in its value. CFD trading does not entail owning the asset and therefore does not require storing it in an electronic wallet. If a trader buys Litecoin, any upward movement will generate a profit, whereas any downward movement will result in a loss. If a trader sells Litecoin, the opposite is true.
Trading expenses can generally be subdivided into trading and non-trading-related fees. Online brokerage companies either charge commissions or derive profits from the spreads, i.e. the difference between the bid and ask price of an asset. Operators also charge overnight fees, also known as rollover fees, which are incurred for holding a CFD position overnight.
As for non-trading expenses, these include deposit and withdrawal fees, account-maintenance fees and inactivity fees.
Leverage is a trading instrument provided by brokers to traders, enabling them to increase their market exposure. Traders use borrowed funds from brokers and can therefore amplify their profits. However, leveraged positions should be employed carefully, as they also magnify the risk of greater losses.