Copy trading is becoming a popular way to trade profitably without having to know anything about the process. There are many platforms that provide this service, and LiveTrades is one of them. In this LiveTrades review, we will examine the overall quality of service, user interface, referral program, customer support, and security/regulation as indices.
LiveTrades is a platform where new, inexperienced traders can copy the trades of advanced traders. This reduces their chances of losing and increases their chances of profiting from such trades. The automated and interactive platform makes real-time trading possible. The system automatically mimics the trading patterns of experienced traders and models it using the copy trader’s account.
The platform grants both novice and experienced traders access to advanced liquidity technology. This technology is used to collect data from the live trading accounts and share them with users. LiveTrades has earned trust over the years with its transactions passing right through banks. This makes the transactions fast and secure.
The trust is further strengthened by the partners that LiveTrades has. It has top liquidity partners, which include PrimeXBT, , OctaFX, FXOpen, Bitfinex, Huobi Global, Alpari, and many others.
User Interface and Experience
LiveTrades has a simple user interface that does not have so many buttons. This makes it easy to navigate, even for a complete newbie. On the signup page, a simple name, email address, and password are required. The dashboard after signing up is quite plain, with scanty information that keeps the view clean.
The platform allows users to view, copy, and invest in the same trades, stocks, and assets that the more experienced traders are investing in. While trades are done in USD/USDT, copy traders can view their trades in EUR, CHF, BTC, allowing them to understand the trading decisions better.
How Does LiveTrades Work?
In this LiveTrades review, we will explain how it works. After signing up, you will be taken to another page where you will provide KYC documents. After that, you will be directed to your dashboard, where you can deposit funds to your account.
LiveTrades allows deposits with both fiat and cryptocurrencies. The fiat deposits can be made using Bank Wire Transfer, debit/credit cards, and more. The cryptocurrencies available for deposits and withdrawal are BTC, BCH, LTC, XMR, USDT etc. You can opt for one of four types of accounts where you can deposit funds free of charge.
It is worth noting that you will need to choose an experienced trader to copy and a system as well. Most users just go with the “mixed” option to save them the stress of going through the selection process.
Once deposits are made, your account will start trading automatically within 24 hours. This does not require any work on your part. You can always withdraw your profits to your personal wallet, and depending on your account of choice, you will be required to pay a 25 EUR withdrawal fee.
The platform has a referral program that allows its customers to earn commissions when their referrals deposit funds and trade. They offer $1,000 for every client referred in addition to a revenue-sharing formula that puts more money in your pocket. This is one of the most lucrative referral programs ever.
Security Features and Regulation
LiveTrades is a registered business with regulators in Iceland. It is secured with a 256-bit encryption, with McAfee security and SSL secured. Customers can come from any country except the United States, Belarus, Balkans, Cuba, Ivory Coast, Liberia, Congo, Sudan, Zimbabwe, Lebanon, Syria, Iraq, Iran, North Korea, Myanmar, or countries that forbid leveraged retail trading services.
There is an FAQ section to answer any questions that customers usually have. In addition, there is a live chat option that allows them to communicate with the team in real-time. The email address is also open for customer complaints 24 hours every day. There is also a dedicated telephone line for attending to customers and what’s more? WhatsApp chat is in the pipelines.
LiveTrades Review: Verdict
Clearly, this is a reliable copy trading platform. The easy-to-use interface makes it a great platform for beginners who are the main users. With such robust customer support to solve the problems users may face on the way, it definitely makes it easier to use. The referral program is also incredibly lucrative, and anyone would like to participate in it.