LitecoinBrokerReviews.com has chosen the best Litecoin Forex Brokers for you to invest in today. Compare them below!
|Rating||Broker’s Name||Minimum Deposit||Deposit Bonus||Regulation||Type of Platform||Maximum Leverage|
|$50||Up To $1000||FCA, ASIC, MiFID, CySEC||Etoro Webstrader, Copytrader, Copyfund||1:400||Read Review||Visit Broker|
|$100||Up To $5000||ASIC, MiFID, FSC, BVIFSC||MetaTrader 4, Proprietary platform, Web-based||1:400||Read Review||Visit Broker|
|$100||None||CySEC, FSB||MetaTrader 4, Proprietary platform||1:50||Read Review||Visit Broker|
|$250||Cashback Program||FCA||MetaTrader 4||1:200||Read Review||Visit Broker|
|$5||Up To $10,000||CySEC, IFSC||MetaTrader 4, MetaTrader 5||1:1000||Read Review||Visit Broker|
Videos of Interest
Litecoin Broker Reviews | What is Litecoin in Short?
Litecoin is a cryptocurrency based on bitcoin but is not Bitcoin. It’s like Bitcoin an open-source payment network and it is fully decentralized so there are no governing authorities or central banks regulating this digital.
In its most basic format, it is a digital record held in ledgers on servers across the world and the number of servers is growing every week.
Payments are controlled by a distributed database called a blockchain. The blockchain is secure by design and acts as the ledger. Then entire process of the blockchain you should see as a action in series (that is where the name chain comes from)
Data in any block cannot be altered after the transaction without altering all subsequent blocks making it impossible to do so.
The blockchain is maintained by the active Litecoin community who help time-stamp all the transactions. Whenever a transaction is made, it is placed in a pool of transactions that are added to the blockchain by ‘miners’. The first miner to essentially solve a complex coded problem using specific computer hardware, receives commission.
This process is call mining and this is also the way new Litecoins are introduced into the pool of litecoins, (you must have heard the term somewhere by now.)
Buying and selling Litecoins is more secure when going through a regulated forex online broker.
Advantages of trading Litecoin with a regulated online broker
As with almost any internet related activity there are people that have less honorable intentions that you have to be aware of.
like anything else if it is too good to be true… this is why trading with a regulated Broker that is monitored and audited by a proper regulation entity will make a difference. Everyday new Litecoin brokers hit the market and I am not saying that unregulated litecoin brokers are not good as many are just fine.
You just have to do your own research and look around to see if the broker offers those trading conditions you need. I know from experience that even with the best brokers like Ducascopy it can be almost impossible to open an account as it takes way too long and there are simply too many forms to fill in for the simple trading activity I plan to perform.
Litecoin Quick facts:
Year Litecoin started: 7 Oct 2011
Highest price to date: $48 25 Nov 2013
Market Capitalization (October 2017): $2,905,296,674
Volume of Litecoin exchanged (daily): $95,736,700
Circulating Supply : 53,193,707
Block generation time: 2.5 minutes
Hashing Algorithm: Scrypt
Maximum Supply: 84,000,000
Relevant Links for Litecoin from Litecoin Broker reviews
FEATURED LITECOIN BROKER OF THE MONTH
AvaTrade is a top Litecoin broker in the world with offices all over the world ( New York, Dublin, Sydney, Milan, Tokyo and other locations) they are fully regulated by the Central Bank of Ireland and licensed by MiFID in the European Union as well as by several other licensing entities . AvaTrade’s features include, among other things, a choice of platforms, a demo account, an Ava debit card for all live account holders, access to Trading Central charting tools for depositors of over $1000 and free withdrawals. they have several Cryptocurrencies to trade with.
Why Litecoin ?
- They cannot be arbitrarily “to reprint” devalue denominated and so on. There is no person or group of people who could manage the entire system at once.
- Litecoin is not tied to a country or organization, so it is not vunerable to political or economic events oif a specific country,
- Network Litecoin – peer to peer and opensource. It is possible to control movement rates online due to the blockchain but at the same time it is fully anonymous. The personal data of those who transfer money from account to account cannot be to obtain.
Unlike national currencies and their derivatives, the value of any cryptocurrency is showing how much this currency is trusted. This trust will increase the activity through more offline channels and mainstream activity. Then the moment this happens regular retail and other payment processes will use litecoin making it a stable currency.
Many view Litecoin as the little Brother of Bitcoin, there is something for that to be said , but the same as in a family the parents most of the time will with the second child not make the same mistakes or simply make better and smarter decisions having learned from the first child. This is how you should see litecoin. Is the same as regrarding forex Trading the big brother is of cryptocurrency traders, still you need to find the top Litecoin Brokers to trade with ease of Mind and it happens to be the same as the best brokers as the best forex brokers.
Litecoin Broker reviews is what you will need thou to trade this cryptocurrency with ease of mind and with the right tools to actually be able to trade live and real time.
The market at the moment shows the trend of trading cryptocurrencies and many traders that have been trading Forex for years will find there is no real transition it is just like any other currencies just it is categorized as a CFD.
But more than ever trading the news is what separate the ones that make a profit from those traders that in the end lose money. So Trade with one of the Top Litecoin Brokers you will find here in Litecoin Broker reviews
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