LiteFinance Launches Margin Trading for Crypto Assets
Limassol, Cyprus, 27th February, 2023, Chainwire
Crypto brokerage platform LiteFinance has introduced margin trading, allowing users to experience high leverage for a range of digital assets. LiteFinance allows traders to experience all the thrills of playing the crypto market within a responsive and user-friendly framework.
The main question for many beginners is deciding how to trade cryptocurrencies: on a crypto exchange or through a Forex broker. The ideal platform should be as accessible as possible, highly secure, and come equipped with a range of advanced trading tools. With LiteFinance, traders can open sell positions (short trades) in a couple of clicks. This allows them to immediately open a sell position and make a profit when the price drops in a downtrend. Transactions are executed immediately at the market price due to a vast network of counterparties built on ECN technologies. Users can set a take profit and the position will close in profit automatically when the market reaches the specified price level.
LiteFinance levies the lowest possible platform fees when trading cryptocurrencies. Swaps are significantly lower than those set by crypto exchanges and other brokers. Market raw spreads (the difference between the buy and sell price) are available on LiteFinance ECN accounts.
For example, for ETHBTC on an ECN account, the average spread is 0.00001 points, and the swap to buy and sell is only -0.20$. Thus, it is much easier for traders to plan long-term actions and achieve their trading goals. Furthermore, the LiteFinance platform charges the lowest transaction commissions among crypto trading providers.
When trading cryptocurrencies, LiteFinance clients can take advantage of 1:50 leverage. This means that only 2% of the transaction amount is needed as collateral to open a position. Leverage allows traders to use less of their own funds to open larger positions. In this case, the potential profit will increase significantly relative to the funds deposited into the account.
All transactions are securely protected because LiteFinance has many years of experience and a strong infrastructure that has been developed since 2005. Clients’ digital assets are stored in separate cold crypto wallets and insured.
The LiteFinance web platform has the widest selection of digital assets among brokers, with over 75 cryptocurrency pairs available. Traders can choose the most popular coins, such as Bitcoin and Ethereum, for short-term trading and make profits from daily price movements. They can also open long-term buy positions for tokens of developing crypto projects, whose cost currently does not exceed $1. LiteFinance also closely monitors the world of cryptocurrencies and regularly adds promising digital assets to the list of trading instruments.
To start trading crypto assets with LiteFinance, all that’s required is to sign up, open a trading account and deposit funds.
About LiteFinance
Since 2005, LiteFinance (ex. LiteForex) has been offering Tier 1 liquidity in the currency, commodity and stock markets to its clients via its online ECN broker. LiteFinance (ex. LiteForex) has one of the biggest investment market offerings with all major currency pairs, cross rates, oil & precious metals, stock indexes & blue chips, plus the most extensive range of cryptocurrency pairs for trading.
