Started in the cold, sturdy reaches of Reykjavik, Iceland, LiveTrades.com is an excellent option for all types of traders. While their landing page might seem simplistic and spartan, this 5-year-old investment company is far more interested in providing customers with the best possible platform including numerous funding options, top notch customer service, and a web-based platform where new and experienced traders can look directly into the thoughts of the traders they’re following. Even though Icelandic people are known for no-frills hard work and professionalism, this company is growing fast, and new additions are constantly being provided to clients.
What Is LiveTrades?
LiveTrades.com provides their clients with the ability to choose from their list of master traders and, with relative immediacy, copy the exact opening and closing trades of the traders the client chooses. Trades are executed in less than 7.21 milliseconds, as stated on their website, which is more than 10 times faster than the blink of an eye. Position sizes are adjusted based on the size of each client’s account to ensure appropriate money management. Clients can also execute their own trades in a self-managed account if they prefer.
OK, They’re Legit. What Does It Cost and What Can I Make?
Livetrades only has a subscription fee for their basic membership, and a small withdrawal fee for the Self-Trading and Basic subscriptions. After that, Livetrades does not have any data fees, management fees or hidden fees. They are only compensated by portions of profits in your account. With a minimum account deposit of €1,000, clients will have access to 100+ instruments, including cryptocurrencies, tokens, commodities, and foreign currencies, to trade themselves or simply follow the strategies hundreds of verified professional traders. Most of the top traders record returns on investment of over 100%. On top of this, Livetrades offers guides for beginners to help them understand the basics of placing a trade some of the financial definitions needed to understand the markets better. While the guides are helpful, the most beneficial resource for new traders is certainly direct access to the traders being followed. By watching their daily trade executions, new traders will begin to see how the professional are making decisions.
Isn’t Trading Risky? How Good Are the Traders I’d Be Following?
Before a strategy is even allowed on the platform, it gets vetted to ensure a low to medium risk profile by the team at LiveTrades led by professional traders and founders Jared Wesley and Anmol Singh. Their platform is up to par as well for those with some knowledge of the trading environment who may be concerned about security and order fill and execution. LiveTrades partners with over 15 brokers and liquidity providers to ensure orders are executed as fast as possible. Clients can fund their accounts from almost any major source, including wire transfer, credit card, debit card, WireX, Bitcoin and Bitcoin cash, Ethereum, Litecoin, Monero, Ripple, and Tether. Few other investment platforms would offer such a wide variety of options, and this only helps ensure the liquidity of funds already invested in crypto markets.
Wrapping It Up
With a professional trader taking the helm, LiveTrades.com offers a secure platform for prospective investors to invest quickly, learn about the assets they’re investing in, and trade without having to take any action. Livetrades.com’s auto-trading platform is a huge step up for average people hoping to start investing in something other than mutual funds.