Online trading platform LiveTrades.com is a registered business based out of Reykjavik, Iceland. The exchange executes over 20,000 orders in a day with an average order execution speed of less than 7.21 milliseconds. The 24-hour trading volume is close to EUR 545 million (approximately USD 665 million). Although the accounts are set to USD/USDT as the default currency, the user has the option to change it to some other major fiat currency like Euro or CHF.
LiveTrades.com’s trading desk and customer support operate round the clock, seven days of the week ensuring a speedy response to its clientele.
Some of the key features of this trading platform are
Security is the probably first thing that every crypto enthusiast looks for. LiveTrades deploys military-grade encryption (AES 256). Funds deposited with the exchange are held with fully integrated third party brokerage partners. The portal has also collaborated with FCA approved companies, including Wirex Ltd, for transaction processing. LiveTrades is also committed to uphold the Anti-Money Laundering practices and adhere to all local and international laws.
Copying transactions by Live traders
A unique feature of the LiveTrades exchange is the auto-trading feature that replicates transactions by some of the top traders. This feature is designed to aid early-stage investors with little to no trading experience. Below is an image of the top-ranking traders at the time of writing. It shows multiple facets like the return on investment (ROI), the total amount of profit booked, drawdown percentage and the year since when the average returns are calculated.
Investors interested in this feature will have to open a Secure-segregated trading account. Auto-trading will commence 24 hours after updating their basic KYC documents.
LiveTrades.com is an international trading and exchange platform that connects clients with traders, and brokers. However, it does not accept prospective clients from the United States and other sanctioned countries like Belarus, Balkans, Cuba, Ivory Coast, Liberia, Congo, Sudan, Zimbabwe, Lebanon, Syria, Iraq, Iran, North Korea, Myanmar. It also does not accept clients from countries where leveraged retail trading services are prohibited by law.
Since its inception, the trading portal has partnered with multiple industry-recognized liquidity providers like BitMEX, BitFinex, IQ Option etc. Below is an image with an exhaustive list of LiveTrades.com’s trading partners.
LiveTrades.com supports multiple mediums for deposits and withdrawals. In addition to the standard debit card and credit card payments, it also accepts Bank Wire Transfer, WireX Gateway, Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Monero, Ripple and Tether.
Where does LiveTrades.com stand vis-à-vis its competitors?
LiveTrades hosts a dedicated knowledge base for its clientele with a detailed education library of videos and articles, unlike some of its competitors. This highlights the exchange’s focus on empowering investors by imparting knowledge. With over 100+ trading instruments listed on the exchange, it offers investors many alternatives to diversify their portfolio and mitigate market risks.
Here is a table comparing LiveTrades.com with a standard broker, hedge funds and other market competitors.
Types of Accounts
The LiveTrades user accounts can be classified into four main categories. The first one is the self-trading account with a zero monthly subscription fee. The other three categories — Basic Subscriber account, Pro Trader account and a VIP Trader account, give them access to the auto-trading feature. The balance requirement is the least for a Basic Subscriber and the highest for a VIP Trader.
A user can upgrade to any of these account types at any point in time.
Rewards and Affiliate Programs
LiveTrades is offering special rewards programs for its members. You can earn a Tesla Model 3 or USD 40,000 in Bitcoin. You are eligible to enter the program either by depositing funds in your account or by referring new users to the exchange. Only one entry per account will be considered. The rewards program kicked off on the 1st of December 2020 and will continue till 1st July 2021. Winners will be announced on 2nd July 2021 via email.
Other than the above rewards program, LiveTrades also offers commission incentives under its affiliate program.
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