Litecoin CFD Trading

Litecoin CFD Trading

Litecoin CFD trading CFD products are a popular form of crypto trading and in this article, we will focus on Litecoin CFD trading. Litecoin (LTC) is inspired by Bitcoin (BTC) and technically very similar to bitcoin. In this article we will not discuss the underlying technology but we will review the Litecoin trading platforms and Litecoin CFD trading specifically. We will cover the following subheadings:

  • What is CFD trading?
  • Litecoin CFD trading platforms
  • Best Litecoin CFD trading platform
  • Litecoin CFD trading UK

What is CFD Trading?

CFD stands for contract for difference. CFDs are popular instruments for derivative trading. CFD allows you to speculate in both upward pricing and falling prices in many different markets, including crypto markets and Litecoin specifically

Litecoin CFD Trading Platforms

There are several good platforms that offer Litecoin CFD trading. There are many CFD platforms on the internet and many of them are not serious. We recommend that you choose one of the big well-established players who are regulated and have a serious marketing. In this article, we will focus on Plus500, Avatrade, eToro and Markets. The reason for choosing CFD trading platforms may be that they offer leverage trading. These platforms also have well-developed interfaces and trading features since they have existed for a long time compared to pure crypto trading platforms. 

Best Litecoin CFD Trading Platform

To determine which one is the best platform, we need to set up some parameters that we can compare. There is no platform is the best on all parameters you can compare. This is also why there are many different CFD trading platforms.

1. Litecoin CFD Trading eToro

eToro is the most famous online brokers. eToro is at the forefront of developing new products and listening to what customers demand for functions. eToro is best known for its developed platform for social trading. Etoro has a total of 11 different cryptocurrencies to trade and 65 crypto markets. Etoror offer markets in NZD, crypto-crypto, CAD, CHF, AUD, JPY, GBP and EUR. eToro is definitely the best platform for CFD cryptography, including Litecoin CFD trading.

Litecoin CFD trading leverage: 1: 2

Litecoin CFD trading markets: LTC / USD

Litecoin CFD trading spread: 1.90%

Litecoin CFD overnight fee buy: -0.018607%

Litecoin CFD overnight fee sell: -0.018607%

In the screenshot below you can see all 65 cryptomarkets at eToro.

eToro Review

2. Litecoin CFD Trading Plus500

Plus500 is an established and well-known player in CFD trading. Plus500 has a total of 13 crypto trading markets and all of them are in USD.

Litecoin CFD trading leverage: 1: 2

Litecoin CFD trading markets: LTC / USD

Litecoin CFD trading spread: 0.91%

Litecoin CFD overnight fee buy: -0.0506%

Litecoin CFD overnight fee sell: 0.0397% 3.

Plus500 Review

 

2. Litecoin CFD Trading Avatrade

Avatrade is a well-known player in CFD trading. Avatrade offer 10 different crypto markets and have BTCEUR and BTCJPY and all other are in USD.

Litecoin CFD trading leverage: 1: 2

Litecoin CFD trading markets: LTC / USD

Litecoin CFD trading spread: 1.5%

Litecoin CFD overnight fee buy: -0.1000%

Litecoin CFD overnight fee sell: -0.0333%

Avatrade Review

 



2. Litecoin CFD Trading Markets.com

Markets is a well-known player in CFD trading. Markets offer in total 6 crypto markets and all of them are in USD. Subject to Risk Management policy at Markets, the exposure limit per account of all CFDs with the underlying instrument being Cryptocurrencies (excluding Bitcoin Futures) is limited to the total position value of $ 2,000.

Litecoin CFD trading leverage: 1: 2

Litecoin CFD trading markets: LTC / USD

Litecoin CFD trading spread: 16.6%

Litecoin CFD overnight fee buy: -0.2800%

Litecoin CFD overnight fee sell: -0.2800%

Litecoin CFD Trading UK

CFD trading is popular in the UK and many CFD trading platforms have offices or departures from London or UK. While all CFD platforms are banned in the United States, all of these are regulated within the UK. 

CFD Trading Pros and Cons

Pros

  • Leverage (but most crypto markets only offer 1: 2 leverage for the moment)
  • Trading long and short
  • Low commission (Only spread)
  • Good platforms
  • Regulated platforms

Cons

  • High risk (leverage products)
  • Overnight fees (Because of the leverage)
  • Not beginner-friendly

Conclusion - Litecoin CFD Trading

The reason for using a CFD platform is that they offer leverage products and have established platforms with developed products.

In this comparison between different Litecoin CFD trading platforms, we found that eToro is the best CFD trading platform for all crypto currencies. They have the best interface, best products, most products and competitive price spreads and overnight fees.

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