Your hobby is spending time on social media? You usually wait for signals from friends or colleagues when trading? Well suited! Currently, Liteforex has launched Social Trading to facilitate the needs of its clients in sharing the latest breaking news information, trading signals, as well as copying trades.

Whatever your background, from professional traders to beginners, it is very possible to cooperate and be mutually beneficial with Social Trading. Liteforex's social media provides three types of accounts, namely; Providers, Duplicators, and Followers, to capture every "caste" of traders and accommodate them in one place to interact with each other in order to maximize profits.

Three Kinds of Accounts, For One Goal, Profit!

LiteForex Social Trading provides three types of accounts, namely:

Providers

This account type is aimed at traders with a high level of proficiency and a desire to share strategies with their Duplicators. A plus for you as a Provider is that, in addition to expanding your network, you will also get a commission from your Duplicator's profits.

Duplikators

Are you still just learning about forex? Still afraid or unsure about placing a position on a live account? The choice of becoming a Duplicator is an alternative to entering the market by copying the strategies of Providers. You can earn real profits by cooperating with the expert traders of your choice.

Follower

The choice of this one account is right if you are an independent trader with a desire to trade with your own decisions but with suggestions, tips and tricks from the Provider's news feed. You will feel more confident in your decision after receiving support and feedback from a network of trusted traders.

The three types of accounts are not limited to just one individual. Each member can flexibly take on multiple roles, such as a Provider who is also active as a Follower of another Provider, among other possibilities.

More Freedom for Copy Traders

LiteForex Social Trading provides an opportunity for Duplicators to manage a choice of copy trading types according to their risk appetite and trust in the Provider of their choice. Here are the types of options:

Full Mirror Copy

Select the copy trading type to fully replicate the Provider's trading volume positions. If you have nearly as much capital as the Provider and completely trust them, this is the best option.

Fixed Size Copy

The choice of copy trading type is only possible if you have set the trading volume beforehand. So no matter how big the Provider's trading volume is, the Duplicator will copy positions only to the extent of the trading volume in accordance with the provisions above. It is suitable if the amount of your capital is relatively far from the Provider and you are not brave enough to follow them 100 percent.

Percentage Copy

It is nearly identical to the previous type of copy trading. Only this time, the Duplicator determines what percentage of the trading volume to copy from the source. A wise choice if you want to be more flexible in determining the scale of capital with the relative amount of the provider's portfolio development.

Fixed Equity Share Copies

If you have more capital than the Provider, this type of copy trading allows you to set how much equity (capital) you "surrender" before copying the Provider's trading positions. Social Trading will automatically set the Duplicator:Provider equity ratio to trading volume based on that setting. The investor has made the right choice if he has a large amount of capital far from the Provider and has set a certain amount of equity for trading.

Is It Worth You Try It?

It should be noted that basically, copy trading still carries risks in its execution. Investors (Duplicators) cannot be guaranteed 100% that they will always be profitable, even though they have chosen top traders from the best ranking. However, many traders like the fun atmosphere of social trading and the opportunity to interact with other traders.

Moreover, registration is quite easy! You just need to register here. Furthermore, the navigation will automatically display the following procedures to be fulfilled before opening a live Social Trading account.