Changes made to commissions on cryptocurrency trading, lowering costs increase the profit.
Adjustment to commissions on crypto trading
LiteForex recently announced a significant change to the fees that will be applied on trading cryptocurrencies in ECN accounts.
This update, active from 12 November 2021, foresees that the commissions calculated on cryptocurrency pairs will be 0.12% of the price of every single asset.
The formula with which it will be possible to calculate the commission is as follows.
Commission = Volume x Contract Size x Market Price x 0.12 / 100
Example of Cryptocurrency Trading on LiteForex
With the examples below, the structure of the formula for calculating commissions on cryptocurrencies will be even clearer.
- Example 1.
Commission for BTCUSD BUY 1 lot = 1 × 1 × $ 65400.00 × 0.12 / 100 = $ 78.48
- Example 2.
Commission for EOSUSD BUY 2 lots = 2 × 100 × $ 5.054 × 0.12 / 100 = $ 1.21296
We would like to clarify that the information just provided is extremely important for every trader who decides to invest his funds in cryptocurrencies with LiteForex.
LiteForex is an ever-evolving online broker that commits its work to provide suitable services to meet all the needs of every trader.
In this case for ECN accounts, LiteForex provides raw spreads for cryptocurrencies and some of the lowest commissions ever found on the market.
ECN accounts with LiteForex
The ECN LiteForex account was created to provide cutting-edge services to meet the needs of the most demanding and experienced traders.
The main features of this account include a social trading service, extremely low variable spreads and an extremely high annual percentage return on unused trading account funds.
The ECN technology, on which the entire account structure is based, allows extremely fast and stable guaranteed executions without any re-quotes or any conflicts of interest and access to the best prices on the market.
ECN account details with LiteForex
Later, by consulting the table below, you will be able to know all the main features of this extraordinary account offered by LiteForex.
|Spread||0.0 point floating|
|Commission||From 0.12 per lot|
|Type of execution||Market|
|Usable platforms||MT4 / MT5|
|Maximum leverage||1: 500 – 1: 1|
|Base currency||USD – EUR – MBT|
|Minimum deposit||50 $|
|Annual rate as a percentage||2.5%|
|Negative balance protection||Available|
|Minimum lot allowed||0.01|
|Max number of orders granted||Unlimited|
|Margin call level||100%|
In the event that an extremely prudent trader initially wants to test the capabilities of the account without necessarily having to invest his own funds, he can decide to open a demo account without having to register and at zero cost and risk.
Just visit the official website and access the client area where you can open a Demo account with LiteForex.