LiteForex has announced several changes to its trading conditions, to be implemented next week. The FX and CFD brokerage notified its clients that the stop out and margin call levels will be modified for several account types. The updated conditions will take effect on January 9.
According to the official announcement, the stop out level for ECN accounts will be increased to 20%. Meanwhile, LiteForex CENT accounts will now have a stop out level of 50%. Individual traders and clients would be wise to consider these changes, and to make adjustments as necessary to ensure that the changes do not lead to an undesired stop out.
Another modification brought forth in the announcement is the raising of margin call levels to 100%. The new margin call levels will be applied to ECN, CENT, and classic accounts. The changes to stop out levels is associated with margin calls, which will now take place sooner, thereby giving clients more time to take appropriate action if necessary.
Adapting to Changes in Industry
As regulations continue to stiffen throughout the retail FX industry, brokerages are taking appropriate action to adhere to newly implemented requirements. The general tone of recently imposed restriction has led to an industry-wide trend of producing safer trading environments for investors with lessened risk.
LiteForex continues to take steps to address the accommodative tendencies of brokerages to adapt to changing industry conditions. The company has remained responsive to varying demand taking place in the market, including the recent surge in demand for anything related to cryptocurrencies.
In December, the brokerage added virtual currencies as payment methods for the use of making deposits and withdrawals. Among the newly accepted cryptocurrencies are Bitcoin, Bitcoin Gold, Bitcoin Cash, Litecoin, Monero, and Ethereum.
The announcement represents the second time in as many weeks that LiteForex has applied changes to trading conditions. In December, the company said that the conditions of its ECN accounts have been modified, to allow trading on raw spreads, while also charging a corresponding commission to be associated with each position.