Online trading in recent days has become a bit of a hobby as well as a profession as more people are driven by the desire to make huge profits amidst volatile markets. While professional traders have it all sorted out, hobbyists and newbie traders will have a lot of catching up to do before they can reap considerable profits from this activity.
LiveTrades, a Reykjavik, Iceland-based online copy trading platform offers a solution that makes it easier for everyone to trade as efficiently as expert traders. LiveTrades is an easy-to-use, financial introduction service that enables quality trading by partnering with some of the top names in the industry. In addition to the advanced, yet easy-to-use and transparent copy trading feature, the platform also offers vanilla self-trading accounts which makes it an ideal fit for modern traders and purists alike. The assets supported on the platform include forex and popular cryptocurrencies including various altcoins.
Copy Live Traders
Copy Live Traders is the copy trading feature on LiveTrades that allows users to copy strategies of some of the best traders and implement them in the market instantly. In addition, it also allows users to put their trading accounts on Auto-Trading mode so that they don’t have to constantly monitor their trades.
To use the Copy Live Traders feature, users will have to first sign up for a secure-segregated trading account on the platform along with necessary KYC verification. Once the account is open, users can pick their traders/systems of choice and deposit funds to their brokerage account to start trading. With the deposit in place the account will start trading within 24 hours and generate returns that will be credited back to their account. On LiveTrades, users can choose whether they want to completely rely on automated trading algorithms or get the help of real traders to manage their assets.
LiveTrades has a strong infrastructure in place which can provide the best service to its users. Its features include high order execution capabilities of under 7.21 ms, over 15 liquidity providers and more.
There is no dearth of options for users on LiveTrades. Depending on their usage pattern and requirements, traders on LiveTrades can choose between 4 different account types which include the free Self-Trading Only account, Basic Subscriber, Pro Trader and VIP Trader accounts. While the Self-Trading Only, Pro Trader and VIP Trader accounts are free, requiring a minimum balance of EUR 500, EUR 3000 and EUR 25000 respectively, the Basic Subscriber account has a minimum balance of EUR 1000 with a subscription fee of EUR 99.95 per month. Some of the features of these accounts are shown in the table below.
|Account Type||Self-Trading Only||Basic Subscriber||Pro Trader||VIP Trader|
|Monthly Subscriptions||Free||EUR 99.95 (to be paid after trading starts)||Free||Free|
|Balance Requirement||EUR 500||EUR 1000||EUR 3000||EUR 25000|
|Profit Sharing (You/Traders)||Self- directed trading only||50%/50%||75%/25%||90%/10%|
|Trading System Access||No Access||Most||All||All + Experimental Systems|
|Withdrawal Fee||EUR 25||EUR 25||Free||Free|
|Commission Spreads||0.1 – 1.0||>1.0||>0.7||>0.5-0.0|
|Max Leverage||500:1||Depends on Trader and Strategy||Depends on Trader and Strategy|
The platform supports a range of deposit and withdrawal options including major credit and debit cards, bank transfers, WireX Gateway, third-party payment wallets and major cryptocurrencies like BTC, BCH, ETH, LTC, XMR, XRP, USDT etc.
Delivering a Great User Experience
LiveTrades is designed to offer a best-in-class user experience with features tailored for the trader’s convenience. Even though the platform is only available as a web application, it has a responsive interface that can be easily accommodated on any screen type. Users can interact with LiveTrades on their mobile phone browser, just like they would be using a native mobile application. Meanwhile, the 24/7 customer support team at LiveTrades are always within reach to address any customer issues or queries.
Further, the platform has a dedicated education section where users can learn how to trade, get a better understanding of cryptocurrencies and learn how to use the LiveTrades platform.
The use of industry-standard security infrastructure protects users and their funds from malicious actors while securing their private information. The military-grade AES-256 encryption, SSL implementation and the use of third-party regulated brokerage partners for secure storage of funds ensure all-round safety and peace of mind for the users.
In addition, LiveTrades keeps its users engaged with exciting contests and referral programs where they can participate and earn rewards.
LiveTrades is a no-frill, easy-to-use copy trading platform for forex and cryptocurrencies. The platform doesn’t make any tall claims and maintains a decent level of transparency regarding its operations. Its strengths are recognized in the form of few awards the platform is won in recent times. Considering all these and the fact that users don’t need to be experienced traders to use LiveTrades, it seems like a platform that is worth giving a try.
Register on LiveTrade at – https://livetrades.com/