Traders Guide: Copy by "Per Order" in Perpetual Futures Copy Trading – BingX

📖 Overview
1. What Is Copy by "Per Order"?
2. Parameter List: Profit Share Rules, Etc.
3. Copy Trading Account Level in Copy by "Per Order" Mode
4. Limits on Leverage and Pairs in Copy by "Per Order" Mode
5. Fee Commission in Copy by "Per Order" Mode
6. Examples of Opening/Closing Positions, Adjusting Leverage, Setting TP/SL, Forced Liquidation, and Other Rules
7. Other FAQs

1. What Is Copy by "Per Order" Mode in Perpetual Futures Copy Trading?

The Copy by "Per Order" mode in Perpetual Futures Copy Trading is a powerful trading tool that enables copiers to copy the trading signals of a trader on a per-order basis in both cross-margin and isolated-margin modes. This mode introduces two key enhancements for traders:

Support for cross-margin mode
Improved capital utilization for copiers

Risk warning: As the capital utilization rate in Copy by "Per Order" mode can reach up to 100%, traders are advised to suggest their copiers transfer funds to the corresponding Copy Trading account based on their risk preference.

2. Parameter List: Profit Share Rules, Etc.

The profit share ratio is in accordance with the Perpetual Futures Copy Trading account level.

Copy by "Per Order" Mode in Perpetual Futures Copy Trading - Trader		Public	Private
Max. Leverage	BTC ETH	No Limit	Unavailable yet
Max. Leverage	Other Cryptocurrencies	No Limit
Max. No of Shared Trades (Copiers will not be able to copy traders who have exceeded the limit)	Bronze	100
	Silver	100
	Gold	100
	Diamond	100
Profit Share (%)	Bronze	10
	Silver	13
	Gold	15
	Diamond	20
Profit Share Settlement Rules	Copier's profit share settlement will occur every Monday at 00:00-00:15 (UTC+8). Note: 1. The profit share data is not directly displayed on the trader's profile page in the current version but will be automatically settled by the system. 2. Profit share of orders that are copied in this week and closed next week will be settled in the next week based on the UTC+8 time zone. 3. Only fully closed orders will be included in the profit share settlement.
Copy Trading Mechanism	Cross margin mode/isolated margin mode/market price
Copiers Group Position Limits	There is no position limit for Copy Trading. The position limit is the same as the position limit for Perpetual Futures. For details, please refer to the official website: https://bingx.com/tradeInfo/swap-trading-rules/
Partial Close	Traders can adjust their positions in Perpetual Futures. Partially closing trades will not result in the closure of copiers' orders.
Share Trades via API	Yes
Trading Fee	It follows the same rate as Perpetual Futures. Please refer to the fee page: https://bingx.com/fee/

3. Copy Trading Account Level in Copy by "Per Order" Mode

When copiers select Copy by "Per Order" mode in Perpetual Futures Copy Trading, the orders are still placed in Perpetual Futures. Hence, the profit share when copiers select this mode is still in accordance with the Perpetual Futures Copy Trading Account Level.

4. Limits on Leverage and Pairs in Copy by "Per Order" Mode

1) There is no position limit for Copy Trading.
The position limit is the same as the position limit for Perpetual Futures. For details, please refer to the official website:
https://bingx.com/tradeInfo/swap-trading-rules/

2) For details on the list of available trading pairs for Perpetual Futures Copy Trading, please refer to the announcement:
https://bingx.com/support/articles/7534512564377

3) There is no limit on traders' leverage while the leverage available for copiers is determined by the leverage offered by the Perpetual Futures for the respective trading pair.

5. Fee Commission in Copy by "Per Order" Mode

Base rate (Perpetual Futures Copy Trading fee): 0.05% charged for each opening and closing trade.
For VIP tiered rates, please refer to: https://bingx.com/fee/

The calculation method is the same as the referral commission:
Commission amount = Copy Trading volume of invited users * trading fee rate * commission ratio

Please note: Users can check the commission amount for Copy Trading fees in Asset Records to get a clear overview of their Copy Trading earnings.

6. Examples of Opening/Closing Positions, Adjusting Leverage, Setting TP/SL, Forced Liquidation, and Other Rules

Scenario 1: Trader opens a position and the order is fully executed

Amount copied by copiers = (Leverage * fixed margin for each copy order) / opening price

Scenario 2: Trader increases position

1) The amount copied by copiers = (Leverage * margin) / opening price

2) Average opening price of existing and newly added positions = [(Position size of Order A * opening price of Order A) + (position size of Order B * opening price of Order B)] / the total number of all positions

Scenario 3: Trader closes a position either manually or by TP/SL

1). Trader can only close the combined position of multiple positions entirely.

2). Closing the position will not affect its average opening price in Perpetual Futures

Scenario 4: Trader partially closes a position

Partial Close: Manual partial close / partial TP/SL / auto-deleveraging (ADL)

Principle for copier's position closure: It depends on whether the trader has closed the shared trade. If the trader's shared trade is closed, the copier's order will be closed accordingly. If it is not closed, the copier's order won't be closed either.

Scenario 5: Trader performs Partial Position Close for multiple positions

Closing multiple positions: Partial closure by manually entering a specific amount/ triggered TP/SL / auto-deleveraging (ADL)
Principle for closing multiple positions: In the order of the positions' opening time. The position that is opened first will be closed first.
Example: A trader performs Partial Position Close on the "Position" tab, and this position has included multiple positions. If the close amount is greater than the amount of a single position, it will require closing multiple positions. Assuming there are three positions in the share trade: Position A, B, and C. After performing Partial Position Close, Position A is fully closed; Position B is fully closed; and Position C is partially closed. Due to the copy trading relationship, the copier's copied positions of A and B will be closed, but since Position C has not been closed entirely by the trader, the copier's copied position for C will not be closed.

Scenario 5.1: Copier performs Partial Position Close for multiple copied positions

Copier closes multiple positions: Partial closure by manually entering a specific amount/ triggered TP/SL / auto-deleveraging (ADL)

Principle for closing multiple positions: In the order of the positions' opening time. The position that is opened first will be closed first.

Scenario 6: Trader places an order but it is partially executed

Principle: Copiers will only copy the orders that are fully executed on the trader's side.

Traders who share trades cannot use the "Reverse" function.
The copier's margin mode (cross margin or isolated margin) is not dependent on the trader but is chosen by the copier.

Others:

Recommend to Earn / Copy by "Per Order" mode in Perpetual Futures Copy Trading (private mode) / Subsidy voucher is not supported at the moment.

7. Other FAQs

a. Why aren't copiers' positions automatically closed when the trader's position is closed?

The Perpetual Futures position page displays each position, while the Copy Trading/Current Orders page displays individual orders. When a trader closes a position on the Perpetual Futures position page, it may result in the incomplete closure of a copy order within that position. Copiers' copy orders will only be closed when the trader's order is fully closed. Therefore, if the order is partially closed, copiers' orders will not close in sync with the trader's position closure.

*We recommend traders close their orders under the Copy Trading tab in Perpetual Futures to ensure that orders copied in Copy by "Per Order" mode will be closed accordingly.

Example scenario: A copier copies a trader in Copy by "Per Order" mode with 1,000 USDT and 10x leverage.

Step	Transaction	For traders Perpetual Futures Position Page	For traders Copy Trading Page	For copiers Current Orders Page	For copiers Perpetual Futures Position Page
1	Trader opens 3 BTC long positions. 1st order: Open price 20,000, position size 1 BTC 2nd order: Open price 25,000, position size 1 BTC 3rd order: Open price 30,000, position size 1 BTC	Average open price: 25,000 Position size: 3 BTC	Order 1: Open price: 20,000 Position size: 1 BTC Order 2: Open price: 25,000 Position size: 1 BTC Order 3: Open price: 30,000 Position size: 1 BTC	Order 1: Open price: 20,000 Position size: 0.5 BTC Order 2: Open price: 25,000 Position size: 0.4 BTC Order 3: Open price: 30,000 Position size: 0.333 BTC	Average open price: 24330.9 Position size: 1.233 BTC
2	Trader closes 1.5 BTC position	Average open price: 25,000 Position size: 1.5 BTC	Order 2: Open price: 25,000 Position size: 0.5 BTC Order 3: Open price: 30,000 Position size: 1 BTC Explanation: Based on the principle of "first opened, first closed", Order 1 is fully closed, while Order 2 is partially closed.	Order 2: Open price: 25,000 Position size: 0.4 BTC Order 3: Open price: 30,000 Position size: 0.333 BTC Explanation: Copiers' orders will only be closed when the corresponding trader's order is fully closed. Therefore: Trader's Order 1 is fully closed, so copiers' Order 1 are automatically closed in sync with the trader. Trader's Order 2 is not fully closed, so copiers will not automatically copy the trader to close Order 2.	Average open price: 24330.9 Position size: 0.7333 BTC

Contact Us

BingX exclusive support for Copy Trading: trader.support@bingx.com

BingX exclusive trader support on Telegram: @BingXRyan

Suggestions & Feedback on our features: https://bingx.com/feedback/?referPath

BingX Operation Team

2023-05-26

BingX Official Channels

Official Website: https://bingx.com

Telegram: https://t.me/BingXOfficial

Twitter: https://twitter.com/BingXOfficial

YouTube: https://www.youtube.com/c/bingx

Risk Warning: Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material is for reference only and should not be construed as financial advice.Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BingX is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning.

Articles in this section