LiteFinance copy trade feature allows traders to replicate the trades of over 100 account managers.
Traders can follow account managers in a 4-step process by paying a fee (starting from %1) and start earning passive income.
How to Copy Trades on the LiteFinance Broker
Traders looking for passive income opportunities can use LiteFinance Forex broker copy trading feature which allows them to replicate trades and strategies of professional traders. To use this feature, traders must go through multiple steps.
Steps to begin LiteFinance copy trading:
- Enter the LiteFinance dashboard and Choose the “Copy” option
- Review and compare the account managers
- See the account manager’s profile
- Start following the account manager
#1 Enter LiteFinance Dashboard
First, log into your LiteFinance account and fund it. From the menu on the left side of the screen, select the “Copy” option.
#2 Review and Compare Account Manager
In this section, you'll find traders who are among the most popular and have been selected by others.
You can view their account risk level, profitability, the amount of capital they manage, and how many people follow them.
You also have the option to use filters to find the best account manager based on your trading preferences.
#3 See Account Manager’s Profile
Click on an account manager to open his profile. The profile shows the account managers’ country, ranking, personal assets, amount of traders’ assets, and number of followers.
The chart section lets you review their profitability over the past months, while the risk section shows you their risk level during that time.
The “portfolio” section will show who has followed the trader, as well as how the capital is distributed.
In the trading history section, you can review the assets the trader is trading and see which positions they’ve taken on which assets, including the outcomes.
You can check the date of each trade to review the results thoroughly.
#4 Start Following the Account Manager
Once you've selected a trader, choose the amount you want to invest. You can also specify stop loss and take profit levels for your trades and copy type. Once you're done, click on the “copy” button.
From now on, every trade the selected trader makes in their account will also be executed in your account based on the investment amount you've committed.
If at any time you wish to cancel the process, click on the trader’s name in MetaTrader tab, and select the “Stop copying” option.
TF Expert Suggestion
To find the best LiteFinance copy trade account manager, traders can use 4 essential filters, including risk level, profitability, asset under management and number of followers.
If you want to cash out the profits you’ve gained from copy trading on this broker, read TradingFinder’s LiteFinance deposit and withdrawal article on the LiteFincance tutorial page to learn about the available methods.
