LiteFinance updates LCID parameters after Lucid reverse stock Split
LiteFinance, a major broker specializing in the forex and cryptocurrency markets, has announced upcoming technical changes affecting the trading of Lucid Group Inc. (LCID) shares. The update follows Lucid’s decision to implement a 1-for-10 reverse stock split, set to take effect on September 2, 2025, immediately after the U.S. market opens.
- Chosen by 0+ local traders in the last 3 months.
- Traders earn on average 12% more per month vs other brokers.
According to Lucid’s corporate announcement, every 10 existing LCID shares will be consolidated into one, reducing the total number of shares outstanding while proportionally increasing their price, as noted on the broker’s website. For LiteFinance traders, this means that LCID’s quoted price will be multiplied tenfold in line with the consolidation, while position volumes will be reduced accordingly.
Impact on open positions
LiteFinance clarified that all open LCID positions at the time of the split will be adjusted to match the new structure. The key changes include:
• Position volume: reduced by 10 times to align with the new ratio.
• Entry price: increased by 10 times in accordance with the consolidation.
• Stop Loss / Take Profit: all orders will be automatically removed at the time of the split.
• Pending orders: all limit and stop orders, including Buy Stop Limit and Sell Stop Limit, will be canceled.
• Closing positions: traders may still close open positions as usual before the event without restrictions.
LiteFinance stressed that these adjustments will not affect clients’ overall equity, only the nominal trade parameters. After the update, LCID shares with new parameters will be available for trading at the market open on September 2.
Recommendations for EA users
The broker advised clients using Expert Advisors (EAs) to make adjustments, as robots are tied to specific instrument symbols. Traders will need to reattach their EAs to charts with the updated LCID symbol once the changes are live. LiteFinance recommended making these adjustments over the weekend prior to September 2 to avoid disruptions.
Ensuring service stability
LiteFinance reaffirmed its commitment to seamless execution and transparent communication during corporate actions. The broker urged clients to review their portfolios in advance and adapt their trading strategies to account for the update.
Earlier, LiteFinance launched an upgraded mobile app with expanded features for iOS and Android.
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