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What kind of trader are you?

Firstly, you’ll want to decide if you are just looking to trade Litecoin and perhaps some other cryptocurrencies, or if you’ll be wanting to explore other financial asset classes. Different trading exchanges and brokers will often vary in the services they provide. For example, some may only offer crypto and forex, whilst others will offer a whole complement of trading markets, including stocks, indices, and commodities. Of course, you can open as many trading accounts as you like, but it is often more convenient to use one platform for all your trading needs.

Another thing to consider when choosing a broker is what level of trader you are. If you’re completely new to the financial markets, then you’ll want to find a provider that can help you get started. This goes beyond simply having effective customer support and a few how-to pages – some of the more advanced trading platforms, such as the industry-standard MetaTrader 4 – can seem bewildering to novice traders, with their vast array of metrics and trading options. Many popular brokers have mitigated this problem by creating their own proprietary trading platforms, with the more inexperienced trader in mind. 

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