CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Compare Brokers For Trading Litecoin

For our trading litecoin comparison, we found 9 brokers that are suitable and accept traders from United States of America. Disclaimer: Availability subject to regulations.

We found 9 broker accounts (out of 147) that are suitable for Trading Litecoin .


Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data. *Availability subject to regulation.

The Ultimate Guide to

What is Litecoin?

Litecoin is a cryptocurrency based on bitcoin. It’s an open-source payment network and it is fully decentralised so there are no governing authorities or central banks associated with the currency.

In its most basic format, it is a digital record held in ledgers on servers across the globe.

Payments are controlled by a distributed database called a blockchain. The blockchain is secure by design and acts as the ledger. Data in any block cannot be altered after the transaction without altering all subsequent blocks.

The blockchain is maintained by the Litecoin community who help timestamp 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 specialised computer hardware receives a coin and adds their block to the end of the chain. This determines the unique order of the blockchain.

Buying and selling Litecoins is more secure when going through a regulated online broker.

Advantages of trading Litecoin with a regulated online broker

As with almost any internet related activity there are scams to look out for.

Beware of companies that take a start-up fee to instantly exchange Litecoins for money or double the value of assets overnight. It’s rarely true.

Phishing is also prevalent on social media, businesses impersonating the brand to gain access to currency wallets. It’s pretty obvious, but don’t partake of any financial arrangements via direct message. Fake exchanges, cloud mining scams and false investment schemes are all things to look out for.

One of the largest bitcoin exchanges, Mt Gox, provides a sobering instance. The exchange had 850,000 bitcoins stolen in 2014. They didn’t have client fund protection and most of its customers are still waiting to get their money back.

Always go with a regulated broker. AvaTrade for example, is a subsidiary of a company with around $17 billion in market capitalisation. It is registered in Ireland and subject to stringent EU regulation. eToro is also registered in Europe and operates under the Markets and Financial Instruments Directive.

Regulated brokers will give clients peace of mind, and the process of trading Litecoin through these companies is straightforward.

Trading Litecoin through AvaTrade

There are many regulated brokers online, AvaTrade provide a very user friendly interface. The MetaTrader 4 platform works for traders of all experiences. It can be downloaded to PC, tablet or phone.

The platform offers advanced charting options to allow trades and to analyse current trends on the market. Colours and styles can be personalised.

It’s a simple sign up process and thousands of other instruments can be traded.

But, like all currency trades, there are risks. The prices can go up and down depending on a number of factors.

Fundamental influences of Litecoin

Litecoin is a dynamic currency and is influenced by numerous factors in the ‘real’ world.

All cryptocurrencies are incredibly democratic. If someone sells a significant amount of Litecoins the price will invariably go down due to the principles of supply and demand.

If a government decides to regulate digital currencies, this will affect the price – even if the regulation is not directly related to cryptocurrencies. The Cyprus banking crisis in 2013 caused a peak in the value of bitcoin with people attempting to store their wealth where local governments had no jurisdiction.

If more large companies start to accept Litecoin then the price could rise, or if there is another exchange hack, it could go in the opposite direction.

Technology changes also have an effect. A new upgrade to the cryptocurrency blockchain called SegWit has boosted the price of Litecoin.


Litecoin Quick facts:

  • Year Litecoin started: 7 Oct 2011
  • Highest price to date: $48 25 Nov 2013
  • Market Capitalisation (6 June 2017): $1,583,895,987
  • Volume of Litecoin exchanged (daily): $343,678,000
  • Block generation time: 2.5 minutes
  • Hashing Algorithm: Scrypt
  • Maximum Supply: 84,000,000
  • Circulating Supply: 51,435,882

Want to trader other cryptocurrencies? You can read more cryptocurrency broker comparisons here: