LiteFinance's copy trading 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.
Before starting social trading on the LiteFinance broker, traders must fund their account via fast and popular options such as the LiteFinance USDT TRC20 deposit method, which requires only a minimum of $10.
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 utilize this feature, traders must follow several steps.
Steps to begin LiteFinance broker 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
Here's an overview of this feature to get you started:
Parameters | Copy Trading Feature |
Minimum Investment Amount | $50 |
Copy Fee/Commission | From 1% |
Available Instruments | Forex, Stocks, Commodities, Cryptocurrencies, Indices, Metals |
Top Trader Filters | Popular, High Profitability, Minimum Risk |
Copy Parameters | Copy Amount, Max Loss, Max Profit, Copy Type |
Stop Copy Option | Yes |
#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 take-profit levels for your trades, as well as the type of copy. 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 the MetaTrader tab and select the “Stop copying” option.
LiteFinance vs Other Brokers (Social Trading Comparison)
Let's compare the social trading feature on LiteFinance to other brokers.
Parameters | LiteFinance Broker | |||
Minimum Investment Amount | $50 | $100 | $25 | $10 |
Copy Fee/Commission | From 1% | From 5% to 50% | From 5% to 50% | Not Specifies |
Available Instruments | Forex, Stocks, Commodities, Cryptocurrencies, Indices, Metals | Forex, Cryptocurrencies, Metals, Commodities, Indices, stocks | Forex, Metals, Energies, Stocks, ETF, Bonds, Indices, Commodities | Forex, Indices, Commodities, Stocks |
Top Trader Filters | Popular, High Profitability, Minimum Risk | Total Profit, 7-Day Return, Score, Number of Followers | Total Gain, Drawdown, Currency, Risk Score | Minimum Expertise, Minimum Investment Amount |
Copy Parameters | Copy Amount, Max Loss, Max Profit, Copy Type | Leverage, Base Currency | Volume Allocation, Rescue Level, Investment Amount | Copy Mode |
Stop Copy Option | Yes | Yes | Yes | Yes |
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.
