Broker LiteFinance has announced the addition of four new synthetic indices - BOOM500, BOOM1000, CRASH500 and CRASH1000 - to its trading platform. The new instruments are available to clients from Ghana, Nigeria, Tanzania, Kenya and Uganda exclusively through an ECN MT5 account. The move marks the expansion of LiteFinance's offerings in Africa, catering to traders looking for new opportunities in the world of synthetic indices.

The BOOM500 and BOOM1000 indices focus on sharp upward price spikes, commonly referred to as “booms”. These indices rise after a certain number of ticks - 500 and 1000 respectively - making them an interesting option for traders looking to capitalize on rapid upward movements.

Key features of BOOM500 and BOOM1000 include:

- Leverage: 1:500

- Margin percentage: 0.2%

- Batch size: 1 BOOM500 or 1 BOOM1000

- Maximum trade volume: 100 lots

- Minimum trade volume: 0.2 lots

- Volume Step: 0.001 lots

- Swap Long: -25 points for BOOM500, -20 points for BOOM1000

- Swap Short: -10 points for BOOM500, -7 points for BOOM1000

In contrast, the CRASH500 and CRASH1000 indices are designed for traders looking to capitalize on sharp price drops or “collapses.” These synthetic indices decline after a certain number of ticks (500 and 1000) offering unique opportunities for traders focused on downward market movements.

CRASH500 and CRASH1000 Index Specifications:

- Leverage: 1:500

- Margin Percentage: 0.2%

- Lot Size: 1 CRASH500 or 1 CRASH1000

- Maximum trade volume: 100 lots

- Minimum trade volume: 0.2 lots

- Volume Step: 0.001 lots

- Swap Long: -10 points for CRASH500, -7 points for CRASH1000

- Swap Short: -25 points for CRASH500, -20 points for CRASH1000

The introduction of these synthetic indices marks LiteFinance's ongoing commitment to offering a variety of trading tools to its growing base of African clients. Allowing traders to participate in both upward and downward market movements, LiteFinance provides a well-balanced set of options tailored to different trading strategies.

With 1:500 leverage, low margin percentages and very flexible trading volumes, BOOM500, BOOM1000, CRASH500 and CRASH1000 offer high-risk, high-return opportunities for experienced traders. These instruments are expected to appeal to those seeking a dynamic and fast-paced trading environment.