| Updated: November 12, 2024Our team of expert traders tested several regulated and trustworthy Litecoin trading brokers and compiled a toplist with the best among them. Each Litecoin broker received a quality score based on several factors, including Trustpilot rating, regulation, fees and commissions, available trading platforms, customer service and more.
Fusion Markets74-89% of retail CFD accounts lose money- FP Markets73.85% of retail investor accounts lose money
- Pepperstone75.5% of retail investor accounts lose money
- Global Prime74-89% of retail CFD accounts lose money
- eToro51% of retail investor accounts lose money
- XM Group72.82% of retail investor accounts lose money
Top Ten LTC Trading Brokers
As a great financial instrument to invest in, Litecoin is among the top 10 cryptocurrencies in terms of market capitalization. We have compiled a list of ten well-established Trading Brokers, fully equipped to offer a seamless Litecoin trading process.
- Min DepositNo minimum deposit requirementsFees
- No deposit and withdrawal fees;
- No account inactivity fees
CommissionsStart from $2.25 per lot commissionSpread- Minimum spreads of 0.360
- Average spreads of 0.378
Leverage EU2:1Leverage non-EU10:1* 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 requirements, and no fees charged 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 has a focus on excellence in customer support. Every live account holder has their own trading specialist assisting in technical and trading issues. The platform is particularly suitable for novice traders, as it offers Copy Trading via Fusion+. Just with a few clicks, customers of the platform can replicate the trading moves of other skilled registrants.
Fusion Markets’ operations are overseen by the Australian Securities and Investment Commission and the Vanuatu Financial Services Commission.
The steps from account opening to trading are simple and quick – filling in personal details, account verification, and funding. 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 stand at 0.360, and the average values equal 0.378.
- 2. AvaTradeMin Deposit$100Fees
- No deposit and withdrawal fees;
- A $50 fee after 3 months of inactivity
CommissionsNoneSpread0.50% Over-marketLeverage EU2:1Leverage non-EU2:1* 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 operator of brokerage services that has been in operation since 2006. The sign-up process is easy and quick and the platform provides a host of educational resources. The company has chosen a commission-free pricing model and offers very competitive spreads. As for the additional non-trading expenses, deposits and withdrawals are free of charge. The minimum amount of money to feed the trading account is $100.
The cryptocurrency product offering at the disposal of AvaTrade’s customers includes Bitcoin, Ethereum, EOS, NEO, Dash, Chainlink, Stellar, and Litecoin among others. AvaTrade does not restrict trading only to crypto cross pairs but it also offers cryptos against Fiat currencies.
When trading Litecoin CFDs at AvaTrade, traders can buy and sell instantly thanks to the speedy execution and leveraged positions. As an industry leader, Ava Trade features some of the lowest spreads on Litecoin and the other crypto assets. Traders can choose between the powerful MT 4, MT 5, and WebTrader platforms.
Besides the diverse crypto trading portfolio and tight spreads, there are many other advantages of trading Litecoin with AvaTrade. Starting with the trustworthiness of the operator, it has been licensed by seven renowned financial institutions across the world. When speculating on the price fluctuations of cryptocurrencies and other financial instruments, traders can opt for various risk management tools including Stop losses and Take profit limits.
- 3. eToroMin Deposit$10 - $10,000Fees
- 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
Commissions1% fee for buying cryptocurrenciesSpreadFrom 1%Leverage EUN/ALeverage non-EUN/AThis ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.EToro is among the global market leaders within the trading industry, offering everything necessary on a single platform. Founded in 2007 and headquartered in Tel Aviv, it was originally operating as RetailFX.
The company has established itself as the leading social trading network thanks to its innovative social trading feature that was introduced in 2010. Customers have the opportunity to follow and copy the portfolios of top crypto investors and thus enjoy profits from the very beginning of their crypto investment experience.
The operator performs particularly well in the cryptocurrency department with its extensive range of digital tradable assets. Overall, the operator has an impressive portfolio of more than 3,000 tradable instruments.
As far as cryptocurrency trading is concerned, the maximum allowable leverage for customers of the company based in Europe, the United Kingdom, and Australia is 2:1. Clients of eToro (Seychelles) Ltd can take a maximum leverage of 5:1. They have the opportunity to invest in a portfolio of cryptocurrencies and take advantage of the feature-packed trading platform
Clients can deposit funds from a debit card or bank account and start trading right away through eToro’s straightforward web-based platform and well-designed mobile app.
EToro is a fully-regulated online brokerage, holding licenses from well-established financial institutions around the world including the CySEC, FCA, and ASIC, among others.
- 4. 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 EU2:1Leverage non-EU2:1* 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 yet another reputable brokerage firm, established in 2001. All the regulators that have endorsed Admirals’ trading operations are globally renowned and include FCA, CySEC, and ASIC. The Trading Broker requires a starting capital of $100.
Over the years the company has been awarded several times for the excellent Forex and CFD trading services delivered. Customer support is available in 26 languages.
The robust product offering of the company provides more than 4,000 tradable instruments including currencies, cryptocurrencies, commodities, indices, bonds, and stocks. A glance at the crypto trading catalog of the company shows more than 20 cryptocurrencies that can be raided as CFDs in pairs with USD, EUR, and Bitcoin.
As far as Litecoin trading is concerned, the company offers maximum leverage of 2:1 for retail accounts and competitive spreads of 0.5%.
Besides MetaTrader 4, 5, and WebTrader, Admirals also has the MetaTrader Supreme Edition, featuring some additional widgets and tools, not available elsewhere. There is also the ability to opt for Automated Trading. The popular Copy Trading feature is also part of the services available at Admirals.
Admirals has a nice educational section, comprising Forex and CFD webinars, articles, tutorials, and a trader’s glossary.
- 5. PepperstoneMin Deposit$200Fees
- No deposit and withdrawal fees;
- No account maintenance and inactivity fees
CommissionsNone for standard accountsSpread- Minimum spreads of 0;
- Average spreads of 1.019
Leverage EU2:1Leverage non-EU10:1* 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 largest online providers of trading on a global level and stands out among its competitors thanks to the broad range of unique trading features and tools available on its platform. Besides Forex, they provide CFDs and they include indices, cryptocurrencies, shares, commodities, and more.
Cryptocurrency CFDs on Pepperstone can be traded without the need for a digital wallet, and this asset class offers some excellent trading opportunities due to its high volatility. Customers of the brand enjoy weekend trading of Bitcoin, Bitcoin Cash, Litecoin, and many more crypto assets. The maximum allowable leverage for retail accounts is 2:1.
Pepperstone offers one of the most compelling spreads when it comes to crypto trading, including Litecoin.
The minimum deposit to open a live account is $200. There are plenty of payment processors to fund and withdraw from accounts.
Pepperstone invests heavily in technology and traders of all levels are excellently catered for. On the MetaTrader 4 and 5 platforms, they have all the necessary trading and risk management tools to reach their highest potential. There is also cTrader. Pepperstone’s offering is tailored to any kind of trader from beginner through to experienced ones.
Trust and transparency are of vital importance to Pepperstone. Besides the highly-knowledgeable customer support staff, Pepperstone is also exclusively safe and dependable. The company is regulated and licensed by leading financial authorities.
- 6. FP MarketsMin Deposit$100Fees
- No deposit and withdrawal fees;
- No account inactivity fees
CommissionsNo commission for Standard accounts and $3 per side for Raw accountsSpread- Minimum Spreads of 0.3000
- Average Spreads of 0.3142
Leverage EU2:1Leverage non-EU2:1* 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 CFDs broker, headquartered in Sydney, Australia. The company started its operations after obtaining a license from the Australian Securities and Investments Commission. It falls under the regulation of the Cyprus Securities and Exchange Commission for various other jurisdictions in Europe.
Since its inception in 2005, the company has been dedicated to delivering a best-in-class trading service across a wide portfolio of more than 10,000 financial instruments. This is backed by more than 40 industry awards in the sphere of customer support and impeccable execution of trades.
This Trading Broker has a low minimum deposit amount of $100 and offers fast and convenient deposit and withdrawal methods. Multilingual customer support is available 24/7.
The online brokerage company has invested heavily in technologies and offers the perfect trading environment for traders of all levels. Advanced trading platforms such as the MetaTrader 4 and 5, WebTrader, and the Iress Platform are at the disposal of FP Markets’ customers.
The cryptocurrency trading product line of this online brokerage company includes popular crypto assets such as Bitcoin, Cardano, Dogecoin, Ethereum, and Ripple. Litecoin features competitive average spreads of 0.3142.
Overall, this trading broker delivers the perfect trading conditions for traders of all levels.
- 7. Markets.comMin Deposit$100Fees
- No deposit, withdrawal, and account maintenance fees;
- A $10 inactivity fee after 3 months of no login;
- A 0.6% conversion fee
CommissionsNoneSpread- Spread (%): 1.3347%
- Spread Per Unit: 0.80
Leverage EU5:1Leverage non-EU5:1* CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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.Markets.com is among the prominent online trading companies for Forex and CFD trading. It is operated by Safecap, a Playtech PLC subsidiary, which is traded on the London Stock Exchange. The wide popularity of the operator is largely due to its trustworthiness. It is overseen by a total of six financial authorities including the UK’s FCA and the Australian ASIC.
The online brokerage company offers multiple trading platforms, namely the widely known MetaTrader 4 and the updated version MetaTrader 5. When signing up with this broker, customers have a choice between three types of trading accounts – retail, professional, and Islamic.
The initial deposit of $100 is perfectly suited for novice traders and allows them to explore the markets with minimum risk. Spreads and maximum allowable leverage on cryptocurrencies vary per instrument. The spreads for Litecoin trading stand at 1.3347% and leverage is up to 5:1.
In terms of the trading platform utilized, it is the industry-standard MetaTrader platform that is the most popular choice among traders of all levels. As far as the available payment methods are concerned, the operator offers credit card payments, wire transfers, PayPal, Neteller, and Skrill.
Market.com provides traders with a full set of tools needed to trade more intelligently, including fundamental, technical, and sentiment analysis tools as well as the live XRay trading channel.
- 8. easyMarketsMin Deposit$100FeesNo deposit and withdrawal feesCommissionsNoneSpreadSpreads from 0.5Leverage EU2:1Leverage non-EU2:1* 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 catering to the needs of its customers for more than 20 years now. From the very inception of its business activity, the company has been focused on innovative trends concerning trading products, range of instruments, and services.
As a properly regulated broker by renowned institutions such as the CySEC, the company operates in strict compliance with the regulations in respect of financial services provision and customer funds protection.
Besides the varied portfolio of the company, including more than 200 tradable markets, it offers a range of instruments that could be tailored to the specific investment goals and risk tolerance of every individual trader.
EasyTrade is among the operator’s newest and most innovative trading instruments, as potential profits are not capped, and there is no need for Stop Loss, as the risk is locked in. Furthermore, easyTrade allows traders to leverage their crypto trades, in accordance with the requirements and limits imposed by ESMA.
For a small fee, customers of the company can cancel losing trades within one, three, or six hours. This is possible 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 perform their trades. In view of the great volatility cryptocurrencies are disposed to, this can be a particularly handy tool.
- 9. IC MarketsMin Deposit$200Fees
- No deposit and withdrawal fees;
- No account inactivity fees
CommissionsNone for standard accountsSpread- Minimum spreads from 1.050
- Average spreads from 1.597
Leverage EU2:1Leverage non-EU5:1* 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 the CySEC, FSA, and ASIC. This popular electronic communication broker has expanded over the years and managed to attract more than 100,000 active users.
Opening an account is quick and simple, and deposits and withdrawals are cost-free and simple to navigate. Users can choose between more than 10 secure payment methods. The minimum allowable deposit is $200, and there are no additional fees on account maintenance or inactivity. Customers of the operator can choose between the MetaTrader 4 and 5 platforms, and the cTrader platform. Each of them features an array of trading tools and features to choose from.
IC Markets offers a demo account with an extensive library of educational resources, webinars, podcasts, and a constantly updated news feed. The company’s social trading platform is called ZULU Trade and allows customers to follow the trading signals of successful investors and accommodate them easily to the specifics of trading.
Customers of the brand can choose between two account types, featuring different pricing models – a Standard account and a Raw Spread account. Commissions are not charged on Standard account types, and spreads vary per instrument.
As far as Litecoin trading is concerned, the online brokerage has minimum spreads of 1.050 and average spreads of 1.597 for Standard accounts. Overall, IC Markets is devoted to delivering competitive spreads, fast execution, and excellent customer service.
- 10. Capital.comMin Deposit$20Fees
- No deposit and withdrawal fees;
- No account inactivity fees
CommissionsNoneSpreadSpreads of 0.70Leverage EU2:1Leverage non-EU30:1* 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 yet another award-winning avenue for trading founded in 2016. It has expanded its global presence with offices located 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 favorite trading destination for more than 500,000 customers worldwide.
The signup process takes no more than several minutes. As for the minimum allowable balance for newly-created accounts, the operator requires a very low deposit of $20.
The online brokerage offers a particularly wide range of crypto assets to trade with, featuring competitive spreads and the opportunity to take a leveraged position. As a commission-free online brokerage, Capital.com relies on spreads for the services offered. Customers of the platform can refer to the live spreads section of the broker, and check the prices for trading the wide range of cryptocurrencies, including Litecoin.
Overnight fees are applicable provided that customers trade with leverage. As for other brokerage fees, Capital.com does not charge signup, deposit, withdrawal, or inactivity fees.
Besides cryptocurrencies, the trading portfolio of the company includes indices, Forex, commodities, and shares. Capital.com stands out also because of its extensive quality educational content in the form of 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 occasion 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 the other crypto assets, it is prone to price fluctuations, which, however, have not been as drastic as some others.
As a decentralized, online-based currency, Litecoin functions without the intervention of third parties. Litecoin utilizes 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 in a fast manner. Its initial aim was to offer a cheaper and more easily obtainable version of Bitcoin.
Since its inception, Litecoin has been constantly compared to its predecessor, and has often been referred to as “the silver to Bitcoin’s gold”. It was created as a complimenting 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 crypto features 10 minutes, whereas that of Litecoin is much faster – 2.5 minutes.
The current publication explores the specifics of Litecoin trading and a listing of ten award-winning trading brands that have incorporated the asset into their product line.
How LTC Trading Works for Traders and Brokers
Generally, the process of trading Litecoin involves opening a contract in which traders agree to exchange the difference in the price of the asset when opening and closing positions. Below, we examine some of the specifics of trading Litecoin related to traders and brokers.
How LTC Trading Works for Traders
The process of Litecoin trading can be quite straightforward, as long as traders have a clear idea of the strategy they would like to follow, as well as their trading expectations, budget, and risk tolerance.
While the process of opening an account with a trading broker involves providing personal and contact information, the verification procedure requires uploading ID documents and proof of address. They are kept confidential and only used for compliance requirements.
A well-rounded trading plan involves a clear definition of trading goals, risk tolerance, and a selection of markets to be traded. Taking advantage of the risk management tools available at the selected online brokerage company is also highly advisable.
Traders willing to explore the Litecoin market should stay tuned to the latest developments, news, and market analysis related to the crypto asset. They should also consider performing technical analysis on Litecoin. Trading brokers offer charts and a range of indicators to help their customers identify trends and market sentiments.
Finally, traders should open their position and decide the amount of money they are willing to risk. Online brokerage companies utilize various trading platforms such as the industry-standard MetaTrader software, along with mobile apps enabling trading on the go. If traders want to open a long Litecoin position, then they should select ‘Buy’. If they wish to open a short Litecoin position, then they should click on “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. We look into different aspects of trading Litecoin from the operators’ point of view.
There are two types of approaches to trading Litecoin. With the first one, traders can directly buy the asset from an exchange, and consequently store it in a crypto wallet, hoping its price will increase over time.
With the second approach, traders use Contract for difference (CFDs) to speculate on the price swings of the crypto and benefit both from increases and drops in its value. CFD trading does not entail owning the asset and thus does not require storing it in an electronic wallet. If a trader buys Litecoin, then any upward movement will become a profit, whereas any downward movement will represent a loss. If a trader sells Litecoin, the opposite will be true.
Trading expenses can be generally 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 refer to holding a CFD position overnight.
As far as the non-trading expenses are concerned, they include deposit and withdrawal fees, account maintenance fees, and inactivity fees.
Leverage is a trading instrument, provided from brokers to traders enabling them to increase their market exposure. Traders use borrowed funds from brokers and thus they stand a chance to increase their profits. However, leveraged positions should be carefully utilized as they also magnify the risk of greater losses.