The advancement of digital currencies attracts the attention of various forex brokers, and InstaForex broker is no exception. After releasing Bitcoin CFDs some time ago, now this broker from Russia offers two more digital currency instruments to trade: Litecoin and Ripple.

Ripple is a digital currency created by a company of the same name based in the United States. The transaction protocol is now increasingly widely adopted by the financial sector because it offers advantages in terms of payment system security. Therefore, from early 2017 until now, the value of Ripple per unit has jumped 3,000% from USD 0.0065 to USD 0.2.

Meanwhile, Litecoin is a digital currency created to carry out transactions at a higher speed than Bitcoin. The transaction speed is 2.5 minutes or four times less with Bitcoin. Recently, the value fell from a high of USD 93.82 to around USD 44 but has climbed back to the level of USD 50, and it is projected that it could go even higher.

At the InstaForex broker, Ripple (code #Ripple) can be traded with a calculation of 10,000 Ripple per lot, while Litecoin (code #Litecoin) can be traded with a calculation of 100 Litecoin per lot. For trading these two digital currencies and Bitcoin (code #Bitcoin), only a commission of 0.1% is charged.