To become a verified provider on LBX, you need to register as a strategy provider, complete account verification (KYC), and meet the platform’s performance and compliance standards. Once approved, your profile will display a “Verified Provider” badge, helping followers identify trusted traders.

Some may wonder why copy trading is bad. It isn’t isn’t bad, but it carries risks. Losses can occur if the trader you follow performs poorly. Relying too much on others’ decisions or not diversifying your portfolio can increase your exposure to risk.

Yes, LBX offers a mobile-friendly copy trading app where users can follow traders, manage investments, and monitor performance anytime on Android or iOS devices.

Copy and paste trading means manually duplicating another trader’s positions — you see their trade ideas and enter the same trades yourself. It’s less automated than copy trading and requires more attention from the user.

It’s easy to understand how copy trading works in forex. Your account replicates the trades of professional currency traders, and each position opens and closes proportionally to your investment, letting you participate in the FX market without trading manually.

Crypto copy trading allows you to automatically follow and copy the trades of experienced cryptocurrency traders. It works the same way as traditional copy trading but focuses on digital assets like Bitcoin or Ethereum.

Yes, copy trading is a legitimate form of investing used by both beginners and professionals. However, results depend on the trader you follow, so it’s important to research providers and manage risk carefully.

Yes, copy trading is legal in most countries when offered by a regulated broker. Always choose a licensed platform to ensure your funds and trades are protected under financial regulations.

Copy trading works by automatically mirroring the trades of professional investors in your account. When they open or close a position, the same trade is executed for you in real time, based on the amount you’ve allocated.

The cost to copy a trader depends on the platform’s copy trading fees and the provider’s terms. Some charge a performance fee based on profits, while others may include small spreads or commissions per trade. Always review the copy trading fees before choosing a provider to understand how your potential earnings might be affected.