Litecoin Brokers & Exchanges

Litecoin brokers enable investors to speculate on one of the top cryptos by market cap. Due to its blockchain confirmation speeds, volatility and trading volumes, LTC is a popular digital asset among aspiring traders. To help you get started, we’ve listed the best Litecoin brokers and exchanges and provided tips for choosing between top platforms.

Litecoin Brokers & Exchanges

#1 - Forex.com

Why We Chose Forex.com

You can trade a small range of 8+ cryptos against USD, EUR, GBP and AUD with tight spreads and no virtual wallet required. Algo traders can also utilize Expert Advisors (EAs) to automate their crypto trades.

"Forex.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools."

- DayTrading Review Team
  • Coins: BTC, BCH, ETH, LTC, XRP
  • Crypto Mining: No
  • Auto Market Maker: No
  • Crypto Spread: BTC 1.4%, ETH 2%
  • Crypto Lending: No
  • Platforms: MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
  • Crypto Staking: No
  • Minimum Deposit: $100
  • Regulator: NFA, CFTC

About Forex.com

Forex.com boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they provide a huge range of day trading markets, not just forex, and offer competitive fees on a cutting-edge platform. The brand also provides a suite of additional tools, from performance analytics and SMART Signals to advanced charts and strategy builders.

Pros

  • The proprietary Webtrader is an excellent option for day traders, offering over 80 technical indicators for detailed analysis
  • Forex.com is a respected and trusted broker overseen by tier-one regulators including the US SEC
  • Competitive cashback rebates up to 15% are available for active traders

Cons

  • The $15 monthly inactivity fee is higher than some competitors, including XM which only charges $5
  • It's a shame that there's no copy trading platform for beginners or signal providers
  • The investment offering varies between countries

#2 - Interactive Brokers

Why We Chose Interactive Brokers

IBKR lets you purchase and hold Bitcoin, Bitcoin Cash, Ethereum, and Litecoin at competitive commission rates and without needing a crypto wallet. Additionally, there is a range of other diverse assets to explore, such as crypto indices like the NYSE Bitcoin Index, as well as futures contracts like the BAKKT Bitcoin Futures.

"Interactive Brokers is one of the best brokers for advanced day traders, providing powerful charting platforms, real-time data, and customizable layouts. Its superb pricing and advanced order options also make it highly attractive for day traders, while its diverse range of equities is still among the best in the industry."

- DayTrading Review Team
  • Coins: BTC, LTC, ETH, XRP
  • Crypto Mining: No
  • Auto Market Maker: No
  • Crypto Spread: 0.12%-0.18%
  • Crypto Lending: No
  • Platforms: Trader Workstation (TWS), Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral
  • Crypto Staking: No
  • Minimum Deposit: $0
  • Regulator: FCA, SEC, FINRA, CBI, CIRO, SFC, MAS, MNB

About Interactive Brokers

Interactive Brokers (IBKR) is a premier brokerage for experienced traders, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.

Pros

  • While primarily geared towards experienced traders, IBKR has made moves to broaden its appeal in recent years, reducing its minimum deposit from $10,000 to $0.
  • IBKR continues to deliver unmatched access to global stocks with tens of thousands of equities available from 100+ market centres in 24 countries.
  • The TWS platform has clearly been built for intermediate and advanced traders and comes with over 100 order types and a reliable real-time market data feed that rarely goes offline.

Cons

  • Support can be slow and frustrating based on tests, so you might find it challenging to reach customer service representatives promptly or encounter delays in resolving issues.
  • You can only have one active session per account, so you can’t have your desktop program and mobile app running simultaneously, making for a sometimes frustrating trading experience.
  • TWS’s learning curve is steep, and beginners may find it challenging to navigate the platform and understand all the features. Plus500's web platform is much better suited to new traders.

#3 - eToro USA

Why We Chose eToro USA

eToro US offers 24 tradeable cryptoassets, with just a 1% buying/selling fee added to the spread. Additionally, there are 80 different coins available through the broker’s proprietary wallet service. You can also practice your crypto strategies easily by switching between live and demo mode. Crypto asset investing is highly volatile and unregulated. No consumer protection. Tax on profits may apply.

"eToro remains a top pick for traders looking for leading social investing and copy trading services. With a low deposit, zero commissions and an intuitive platform, the broker will meet the needs of newer day traders."

- DayTrading Review Team
  • Coins: BTC, ETH, BCH, DASH, LTC, ETC, MIOTA, XLM, EOS, NEO, ZEC, XTZ, MKR, COMP, LINK, UNI, YFI, DOGE, AAVE, ALGO, MANA, ENJ, BAT, MATIC, FLR, SHIBxM
  • Crypto Mining: No
  • Auto Market Maker: No
  • Crypto Spread: BTC 0.75%
  • Crypto Lending: No
  • Platforms: eToro Trading Platform & CopyTrader
  • Crypto Staking: No
  • Minimum Deposit: $10
  • Regulator: SEC, FINRA

About eToro USA

eToro is a social investing platform that offers short-term and long-term trading on stocks, ETFs, options and crypto. The broker is well-known for its user-friendly community-centred platform and competitive fees. With FINRA and SIPC oversight and millions of users across the world, eToro is still one of the most respected brands in the industry. eToro securities trading is offered by eToro USA Securities, Inc.

Pros

  • A free demo account means new users and prospective day traders can try the broker risk-free
  • The $10 minimum deposit and straightforward account opening process means beginners can get started quickly
  • The broker's Academy offers comprehensive learning materials for beginners to advanced-level investors

Cons

  • Average fees may cut into the profit margins of day traders
  • There's no MetaTrader 4 platform integration for traders who are accustomed to using third-party charting tools
  • The proprietary terminal doesn't support trading bots and there are no additional stock market analysis tools

#4 - OANDA US

Why We Chose OANDA US

You can speculate on the world’s biggest cryptos by market cap. Commissions are lower than many peers starting at 0.25%. Through the broker’s partnership with Paxos, clients can spot trade cryptocurrencies on the itBit exchange through the OANDA native platform.

"OANDA remains an excellent broker for US day traders seeking a user-friendly platform with premium analysis tools and a straightforward joining process. OANDA is also heavily regulated with a very high trust score."

- DayTrading Review Team
  • Coins: BTC, ETH, LTC, BCH, PAXG, LINK, UNI, AAVE
  • Crypto Mining: No
  • Auto Market Maker: No
  • Crypto Spread: $100
  • Crypto Lending: No
  • Platforms: OANDA Trade, MT4, TradingView, AutoChartist
  • Crypto Staking: No
  • Minimum Deposit: $0
  • Regulator: NFA, CFTC

About OANDA US

OANDA is a popular brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features. The top-rated brand has over 25 years of experience and is regulated by trusted agencies, including the NFA/CFTC. Around the clock support is available for short-term traders, alongside flexible contract sizes and automated trade executions.

Pros

  • There's a strong selection of 68 currency pairs for dedicated short-term forex traders
  • The broker offers a transparent pricing structure with no hidden charges
  • The proprietary OANDA web platform continues to deliver a highly competitive charting environment, including 65+ technical indicators powered by TradingView

Cons

  • It's a shame that customer support is not available on weekends
  • There's only a small range of payment methods available, with no e-wallets supported
  • The range of day trading markets is limited to forex and cryptos only

#5 - DNA Markets

Why We Chose DNA Markets

You can trade a handful of cryptos 24/7. However, the narrow selection of 4 tokens trails alternatives like Vantage with its 40+ tokens, while the spread from $28 on Bitcoin is significantly higher than the cheapest crypto brokers.

"DNA Markets is an excellent choice for short-term traders familiar with the MetaTrader platforms. The smooth sign-up process also makes it easy to get started while the $100 minimum deposit is accessible. That said, DNA Markets trails the top brokers in education, research and mobile trading. "

- DayTrading Review Team
  • Coins: BTC, ETH, LTC, XRP
  • Crypto Mining: No
  • Auto Market Maker: No
  • Crypto Spread: $28 (Bitcoin)
  • Crypto Lending: No
  • Platforms: MT4, MT5
  • Crypto Staking: No
  • Minimum Deposit: $100
  • Regulator: ASIC

About DNA Markets

DNA Markets is a forex and CFD broker established in 2020. The broker operates two entities in Australia and the offshore jurisdiction, St Vincent and the Grenadines. Traders can access 250+ markets, with a Standard account for beginners and a Raw account for experienced traders. The reliable MetaTrader 4 and MetaTrader 5 platforms are available, alongside Signal Start.

Pros

  • Top-rate platforms and charting tools for day traders with access to MT4 and MT5
  • Short-term trading strategies are permitted including scalping and automated trading using Expert Advisors (EAs)
  • 24/5 customer support with response times of <2 minutes during testing

Cons

  • Despite access to MT4 and MT5, there is no proprietary trading app
  • Although it continues to strengthen its client base and reputation DNA Markets lacks the track record of top brokers like Vantage
  • The investment offering trails alternatives, especially in terms of stocks, cryptos and commodities

What Is Litecoin?

Litecoin was launched in 2011 as a peer-to-peer decentralised cryptocurrency. It’s an open-source payment network so there are no governing authorities or central banks associated with the currency. The network can accommodate up to 84 million coins, with around 75% currently in circulation. The altcoin is used by individuals and corporations to purchase goods and services and to transfer funds.

Nicknamed ‘the silver to Bitcoin’s gold’, it’s one of the top 20 cryptocurrencies by market capitalisation with a value of more than $13.1 billion in 2021. Its low fees and 2.5-minute transaction speeds vs Bitcoin’s average of 10 minutes has attracted both day traders and long-term investors.

Litecoin platforms

How Litecoin Brokers & Exchanges Work

Litecoin brokers offer financial intermediary services for users who want to speculate on the price of the digital currency. Through derivatives, such as CFDs, clients are exposed to the price action of LTC without owning the tokens themselves. Litecoin exchanges, on the other hand, simply connect buyers and sellers through a straightforward online platform.

As the crypto market never sleeps, most Litecoin brokers and exchanges operate 24/7, 365 days a year, allowing traders to take long and short positions around the clock. But perhaps unsurprisingly, the tools, fees and reliability of platforms can vary significantly.

Comparing Litecoin Brokers

There are several important factors to consider when choosing between Litecoin exchanges. We’ve listed the key considerations below, however, it’s worth doing your own due diligence and reading reviews to get the best deal.

Fees

Fees can fluctuate between Litecoin brokers, though charges tend to be based on a percentage of trading volumes. Ensure full transparency and check rates are competitive vs other brokers before opening a position. It’s also worth keeping an eye out for other fees, including inactivity charges and costs for making deposits and withdrawals.

Assets

Leverage

Leveraged trading allows investors to maximise returns from price swings. This means traders can execute more complex and varied strategies.

Leverage rates on cryptos like Litecoin tend to be capped at 1:2 with EU-regulated platforms, though higher rates can be found if you open an account with an offshore brokerage. Litecoin brokers with higher leverage rates may suit those with less capital or experienced traders looking to take larger positions.

Spot

Litecoin brokers also act as intermediaries for buyers and sellers offering straightforward quotes for those looking to take ownership of individual tokens. Spot trading LTC is popular with beginners or investors taking longer-term buy and hold strategies. There are multiple reputable Litecoin exchanges offering spot products.

Pairings

The best Litecoin brokers offer popular products, such as CFDs, on a range of LTC pairings. For example, you may be able to trade Litecoin against other cryptos like Bitcoin and Ripple, in addition to trading it against fiat currencies, such as the US Dollar. In fact, the most popular pairing is LTC/USD.

Best Litecoin brokers

Regulation

Litecoin brokers that are regulated can help you avoid potential scams. Licensed exchanges generally have to follow any number of measures that aim to protect retail traders, from negative balance protection to limits on leverage rates. Of course, finding regulated brokers can prove challenging, especially when countries are taking different approaches to crypto trading. In particular, the US and China have signalled that they intend to crack down on retail crypto investing, including on Litecoin. Fortunately, there remains a decent number of licensed platforms on the market.

Deposits & Withdrawals

Brokerages that accept multiple payment options make it easier to buy and sell Litecoin. Popular deposit solutions include credit and debit cards, bank wire transfers, and PayPal. Some investors may want to fund their account using LTC, so check whether you can make crypto payments. Also take note of any deposit and withdrawal fees that may cut into profits.

The other thing to keep in mind is the minimum deposit requirement. Beginners may want to opt for Litecoin brokers with zero minimum deposit or a low $10 starting threshold.

Promos

Litecoin brokers may offer bonuses to entice new traders. These could be in the form of one-off no deposit welcome bonuses or ongoing loyalty programmes. But whilst these can be tempting, it’s worth checking the small print before you sign-up. Often bonuses come with restrictions on how much you can withdraw and when.

Accounts

Litecoin cash brokers may offer a range of live accounts. Typically, the more you deposit the more competitive the fees are and the better access to advanced tools you get.

It’s also worth checking for account opening times. Regulated providers may have KYC checks to complete which can take several days while other accounts you can get up and running within a few minutes.

Platforms

The investing platform is your gateway to the market. Whether that’s the industry-recognised MT4 and MT5, or bespoke proprietary terminals, how intuitive and feature-rich the solution is will impact your user experience. Check for built-in technical indicators, interactive charts, and additional price analysis tools.

The top Litecoin exchanges also offer free mobile apps. Many crypto investors speculate on the markets from their mobile devices, offering 24/7 access all year round. The best apps are available on both iOS and Android devices.

Also note that Litecoin brokers offering a free demo account let you test drive a platform before you get started.

Tools

Leading LTC brokers provide additional tools such as educational resources and expert advisors. PrimeXTB, for example, offers powerful technical analysis software. Other services to look out for include social and copy trading tools, a VPS, and economic calendars. Most providers publish details of available tools on their website.

Top Litecoin platforms

Customer Support

The best Litecoin platforms offer reliable customer support. As the digital currency market is open 24/7, we recommend finding a broker that offers customer assistance during the hours you plan to trade. The top platforms offer support via email, live chat and telephone. Interactive Brokers is a good example of a provider that offers support for Litecoin investors through a 24-hour multilingual telephone helpline.

Other Services

Some Litecoin brokers offer alternative investment opportunities in the popular crypto. For example, mining, lending and farming may provide potential opportunities to generate returns. As a result, it could be worth checking whether platforms offer the tools and training to get started earning through less traditional means.

Final Word On Litecoin Brokers

The best Litecoin brokers create a user-friendly trading environment for investors. The top exchanges also offer low fees, fast payments and competitive products. And with a growing number of scams online, it’s important to read reviews and choose a trusted platform. Head to our table of top Litecoin brokers to get started today.

FAQ

What Is Litecoin’s Ticker Symbol On A Broker's Platform?

You can find Litecoin under the ticker symbol LTC. Most brokers and exchanges include Litecoin in their list of top 20 cryptos by trading volume.

What Are Litecoin Brokers?

Litecoin brokers are online firms that offer a means of speculating on the future price of the popular cryptocurrency. This could be through spot transactions or derivative products such as CFDs.

When Can I Trade Litecoin With A Broker?

The crypto market is open 24/7, 365 days a year. This is welcome news for those with busy day jobs as it means Litecoin can be traded in the evenings and on weekends. It’s worth finding Litecoin brokers with customer support teams that are open during the hours you plan to be active.

How Do I Know Which Litecoin Brokers Are Best?

Consider transaction fees, educational resources, analysis tools, payment methods and regulatory oversight when looking for Litecoin exchanges. Platforms that have been operational for several years and with positive reviews are a good place to start.

Should I Use A Regulated Litecoin Broker?

Many countries are still working to introduce regulations to govern the trading of cryptocurrencies like Litecoin. With that said, some Litecoin brokers are regulated by reputable agencies, such as the CySEC or the FCA. Where possible, we recommend opening an account with a licensed provider as it provides additional protections for retail traders.

Can I Trade CFDs On Litecoin?

Yes, a number of brokers offer contracts for difference on Litecoin. CFDs allow traders to take a position on the future price of the crypto without owning the token itself. See our ranking of the top Litecoin brokers, including those that offer CFDs.