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Mansoor Ahmed Selected

Mansoor Ahmed

7 months ago
Open a long or short position*

Spread betting and CFDs allow you to trade on both rising and falling prices. You don’t have to own litecoin in order to sell it (go short), which is not possible on cryptocurrency exchanges.

Efficient use of capital

Leveraged trading means you only deposit a percentage of the full value of a trade in order to open a position. With mainstream cryptocurrency exchanges, you would need to deposit the full value of the contract. Remember that both profits and losses will be magnified, and you could lose more than the amount you deposit to open a position.

No exchange account or wallet

Unlike trading the underlying litecoin, there is no need to open an exchange account or wallet to hold the litecoin you have bought. This means no waiting for approval from the exchange, no concerns about keeping your wallet secure, and no fees if you want to withdraw funds later.

Trade with an established provider

CMC Markets is a regulated provider. We have 29 years' experience in the industry and offer support for all our clients whenever the markets are open.

Trade responsibly

Cryptocurrencies are still relatively new for most people and can be extremely volatile. We want our clients to have access to in-depth educational materials to support their trading.