LiveTrader Review – Can This Tool Start Your Crypto Trading Experience

Many companies are now creating basic cryptocurrency trading bots to cater to the growing interest among beginners. These bots are designed to be simple to use, requiring no coding or trading expertise.

The acceptance of cryptocurrency as a legitimate form of currency has led to the growth of crypto trading as a profitable opportunity. However, without proper management or updates, these bots may not have beneficial results, highlighting the importance of continuous optimization.

Despite the benefits, finding a safe and secure trading bot remains a challenge for traders of all skill levels. Our LiveTrader review aims to provide insights into its features and functionality, helping traders determine if it meets their trading needs.

About LiveTrader

LiveTrader, launched in 2019, is a software tool, that works as a bot for automating cryptocurrency trading, catering to traders who want to trade in cryptocurrencies without the need to constantly monitor their exchanges.

It includes pre-built bots and features in its strategy maker, making it particularly appealing to beginners. LiveTrader boasts a solid user base and offers a marketplace where skilled users can rent their software for a fee, enhancing its appeal in the crypto trading community.

However, the challenge of monitoring markets continuously persists. LiveTrader addresses this issue by providing automation tools, allowing traders to trade in digital assets markets while minimizing screen time. 

Nevertheless, LiveTrader trading being new isn’t a drawback, since it’s gaining popularity among traders who seek to enhance their trading with third-party automated processes.

Reputation

Even with its recent establishment, LiveTrader reviews lights a positive reputation within the cryptocurrency community. The platform is currently emphasizing quality, which has contributed to its growing popularity.

While LiveTrader provides advanced settings for traders, it does not explicitly mention the use of artificial intelligence in its operations. The platform focuses more on offering sophisticated trading features rather than LiveTrader AI-driven trading algorithms.

LiveTrader trading highlights a user-friendly interface and diverse functionalities that appeal to day traders, leading to widespread recommendations within the crypto community. Unsure about which trading education company to choose? Read our Professor Pips Review to see if they are the right fit for you.

However, some users question if LiveTrader crypto is overly simple. We suggest that LiveTrader’s simplicity may not be advantageous for day traders, and the use may not suffice for those seeking consistent profits.

LiveTrader Presence

Our research team found that LiveTrader has a strong presence in these domains

• United States
• France
• United Kingdom

In the UK, FCA is the regulatory body responsible for overseeing crypto trading tools and their platforms. The FCA has issued guidelines regarding the risks associated with cryptocurrencies and the importance of regulatory compliance for firms operating in this space.

Overall, the regulatory laws for crypto trading tools are still developing, and traders and firms need to stay informed about regulatory requirements and compliance obligations in their respective jurisdictions.

While the LiveTrader platform is present on social media platforms, it does not closely monitor these channels due to its limited user base. It is suggested that as the user base grows, LiveTrader should actively manage these platforms.

LiveTrader also offers a blog with detailed information about its features. However, there is also well lack of knowledge base, which could be viewed as a missed opportunity for improving user understanding and engagement.

We recommend that LiveTrader improve its marketing efforts and focus on reviews and feedback to further enhance its reputation and user experience. As well as being transparent about their compliance with regulatory laws in the trading markets.

Pricing – Is It Profitable?

What we found about LiveTrader pricing, it offers three accounts that can be billed monthly. There is a 7-day free trial for each package.

STARTER

USD 9.50 for your first month – then USD 19/mo

• 20 Bots
• 1 Strategy
• All Indicators
• All Exchanges
• Unlimited Positions

ADVANCED

USD 24.50 for your first month – then USD 49/mo

• 250 Bots
• 5 Strategies
• All Indicators
• All Exchanges
• Unlimited Positions

PROFESSIONAL

USD 49.50 for your first month – then USD 99/mo

• 1000 Bots
• 10 Strategies
• All Indicators
• All Exchanges
• Unlimited Positions

All three LiveTrader accounts offer 

– 24/7 Trading In The Cloud

– No Additional Trading Fees

– Premium Support

– Market Anomaly Detection

– Advanced Strategy Configuration

– Backtesting

– Paper Trading

– In-depth Dashboard

So is it profitable? Like most trading bots, LiveTrader doesn’t guarantee profits. This is because profitability ultimately depends on the trader’s decisions. Due to the unpredictable nature of the market, it would be unrealistic to promise profits.

The affordable pricing makes LiveTrader appealing to beginner traders looking to explore automated trading. As mentioned in their account pricing, the bot offers paper trading and back-testing features, allowing users to test strategies without financial risk. 

Additionally, a free trial further enhances LiveTrader’s value, making it a comprehensive solution for traders of all levels. Users who are on the lookout for a regulated brokerage company, check out our EPFX Review. 

Features

LiveTrader features were tailored for professional day traders, offering sophisticated settings. Traders can set up technical indicators such as 

• SMA
• MACD
• RSI

– as well as use various order types like trailing stop loss and stop loss

LiveTrader provides an option where users can easily design their strategies within the bot’s settings. The bot’s algorithms gather data from over 150 sources, offering traders market insights without needing to switch between platforms or tabs.

LiveTrader operates on a 24/7 Cloud basis, eliminating the need for software downloads. The customizable dashboard also allows traders to track and analyze trades, refine strategies, and improve profitability.

Conclusion

In conclusion, LiveTrader presents a compelling option for those looking to simplify their crypto trading experience. With its user-friendly interface, diverse functionalities, and affordable pricing plans, it caters to both beginners and experienced traders. 

The platform emphasizes transparency, providing clear pricing information and user instructions. There are no hidden fees, and the bot communicates directly with the chosen cryptocurrency exchange, ensuring fund security.

However, its relatively recent establishment may spark questions for future investors, as new companies in the cryptocurrency space can sometimes lack the track record and stability of more established players. 

Despite this, LiveTrader’s positive reputation within the cryptocurrency community and its commitment to quality service are promising signs of its potential for growth and success in the future. Yet, we always advise that investors should carefully consider these factors before deciding to engage with LiveTrader or any other new entrants in the market.

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