LiteFinance Apprise On US Midterm Elections

LiteFinance, previously known as LiteForex, raised an alarm that its customers might experience an unstable situation in the commodity, currency, and stock markets. This hit will be a cause of the US midterm elections.

The US midterm election is a crucial diplomatic event in the US. The exercise is conducted every two years after the President’s assumption date of the office. The voting majorly focuses on changing the Congress team.

From the report released by LiteFinance, the broker hints that traders might experience wider spreads, lower liquidity, higher volatility, or price gaps in trading. This projection was expected as political instability impacts financial markets hugely.

In the announcement, the broker said it reserves the right to augment margin requirements on all trading servers. “Consider this information when making trading decisions and provide enough margin in your trading accounts during the above-mentioned period,” the brokerage noted.

The Winning Side

Strategas, an advisory firm, and an institutional brokerage seem to be in favor of Republican control of both the house of representatives and the US Senate. The firm is majorly known for advisory and capital markets services.

Jan Hatzius, Goldman Sach’s Chief Economist predicts that participants’ expectations of a Republican win might yield a muted response.

LiteFinance presents traders with an abstract environment to test EAs and new strategies. The broker provides unlimited MT4/MT5 demo accounts.

LiteFinance deploys its proprietary copy trading service embedded within the web-based trading platform. The advantage of the program is the provision of a risk score, the number of traders that follow the strategy, all-time percentage-based profitability, and the asset under management.

LiteFinance has a unique way to pay strategy providers which adds an attractive revenue pipeline for successful traders.

The broker extended its presence in Asia early this year with a representative office in Singapore. The goal of the step is to embrace all clients in the region. The broker also set up representative offices in Kenya, Ghana, Morocco, Indonesia, Kyrgyzstan, Mongolia, Myanmar, Thailand, Vietnam, and a few other countries.