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Question:What is the withdrawal condition of LiteForex's Social Trading? How can I manage risks?

Answer:

What are conditions for withdrawing money from a Copy Trader’s account?

Withdrawing funds from a Copy Trader’s account automatically launches rollover.

At the same time, the Trader’s Commission will be deducted from the money to be withdrawn.

The following formula is applied:

Available funds= Equity-Credit-Margin-Commission

Where commission means a payment for closed copied trades currently due to the trader (i.e. prospective commission that would be deducted from the account if rollover was performed).

How to limit your trading risks?

To restrict potential losses when copying trades, a copy trader can preset Copy stop terms in his/her account currency.

If the loss from copying reaches this value, copy trading will be suspended on this account.

The equity amount in the Copy Trader’s account is compared with the Copy stop terms every 2 (two) minutes.

Also, you can limit your risks by choosing a specific copy type, for example, Copying a predefined % of the Trader’s each trade or Copying a fixed share of your equity.

Having pre-set a small percentage of copy trade volumes or using a fixed share of your equity, you can control your risks, but you reduce your prospective profits respectively, at the same time.

Changing your Copying Trader’s settings

You can change the copy stop conditions, copying type and account settings at any time.

It’s worth considering the fact that changes don’t apply to open trades and will apply to all future copy-trades.

Copying the trades of different Traders

You can copy as many traders as you wish. Wise distribution of funds will allow you to reach the highest copy trading efficiency. You can customize copy trading settings for each particular trader.

Can a trader change his/her profit share at any time?

Yes, a trader can change the size of their share of the profit at any moment, but this change will only affect new copying traders who are attached after the new percentage of profits has been set.

All current attached accounts of copying traders will operate according to the conditions that existed at the time of their attachment.

*How a change in the “Profit from copying” parameters affect other participants – A change in the Trader’s profit share does not concern existing Copy Traders. The profit share rate set at the beginning of copying will be valid throughout the whole copy period. When the same Trader is copied again after the Profit share parameter has been changed, a new value will be applied.

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