Copy Trading Terms & Conditions: Trader Application, Limitation, Profit Share, Ranking Rules, and Prohibited Items

Keywords: 
Trader Application Criteria,
Trading Regulations for Traders,
Commission Rules,
Community Rankings,
Prohibited Items for Traders

Ⅰ. Trader Application Criteria

Ⅱ. Trading Regulations for Traders

The following values differ slightly in different countries and regions. The actual situation shall prevail.

1. Daily limitation on the number of copied orders

The daily limit on the number of copied orders is ≤10. When exceeding the limit, traders can still open positions normally, but copiers will not be able to copy the orders.

2. Leverage limits on shared orders

When the leverage limit is exceeded, traders can still open positions normally, but copiers are not permitted to copy their orders.

3. Restrictions on traders’ copying trading groups

What are traders' copying trading groups?

The collection of all copiers from every single trader is traders' copying trading groups. Subsequent adjustments to the limit will be automatically adjusted by the system based on market liquidity conditions. Please refer to the subsequent announcements. For any inquiries, please contact our 24/7 online support.

Note:

• The group consists of all copiers from one single trader.
• Copy Trading Group’s Margin = the sum of the margin of all copiers' orders.
• Copy Trading Group's Trading Volume = the sum of the trading volume of all copiers' orders.

When the limit is exceeded, the system will perform a proportional reduction in the margin of the copier's order.

For example:
Copiers, Alan and Bob, are copying the orders of trader Carlos.
When Carlos places an order of 10 USDT * 10X, the amount limit of Alan and Bob’s margin should be 10*40=400 USDT. If the original margin of Alan and Bob's copied orders reaches 800 USDT totally, the final margin of their copied orders will be reduced by half (1/2).
If Carlos places an order for BTC/USDT with Alan and Bob (copiers) copying the same BTC/USDT order, the maximum trading volume limit is 450K USDT. When the total trading volume of the two exceeds 900K USDT, the final margin of their copied orders will be reduced by half (1/2).
If Carlos continuously places BTC/USDT orders with Alan and Bob copying at the same time, the total trading volume of the first order is 400K USDT. The second order is 150K USDT. That brings the two orders to 400K + 150K 500K, which led to unsuccessful copying.
Hint: If traders share trades via their futures account, they are subjected to individual trading volume limitations.

Ⅲ. Profit Share Rules for Traders

1. For details on commission parameters, please refer to "List of BingX Copy Trading Parameters": https://support.bingx.com/hc/en-001/articles/12367915528601

For more details on the "BingX Elite Copy Traders Program": https://support.bingx.com/hc/en-001/articles/11653269598873

2. The profit share is deducted first and then settled daily as follows:

When copiers copy the trader to close their positions and generate profits, the system will deduct a portion of the profits. A second settlement will be carried out in the early morning of the next day based on the copiers' cumulative net profits of the day to derive the actual payable profit share that should go to their trader. If the payable amount is less than the pre-deducted amount, the overpaid amount will be returned to the copers' account.

Example:

Assuming the trader shares orders via his/her Standard Futures Account which is rated as Bronze level.
A copier copied the trader up to 10 orders in a single day. There is a net profit of 200 USDT from 8 of the 10 orders while there is a loss of 50 USDT from the other 2 orders.
Amount deducted from the copier's profitable orders: 200 * 8% = 16 USDT
Cumulative net profits for the second settlement: 200-50 = 150 USDT
Actual profit share that the trader gets: 150 * 8% = 12 USDT
Overpaid amount that shall be returned to the copier: 16-12 = 4 USDT
Copier's actual profit of the day: 200-50-16 + 4 = 138 USDT

Ⅳ. Community Ranking Rules for Traders

The community ranking rules are as follows:

1. Local Priority Principle: Traders in the same region as their copiers will be given priority.
For example, when other conditions are the same, Vietnamese traders will be preferentially recommended to Vietnamese users; The same applies to Japanese traders.
2. New Trader Support Principle: Potential new traders will be given priority.
3. Profitability Principle: Traders who lead their copiers to profitability are given priority to be recommended.

• All other conditions being equal, traders who have been leading profitable copiers for a period of time will be recommended first.
• Traders whose copiers are profitable as a whole will be recommended first when all other conditions are the same.

4. Data Selection Principle: Priority is given to those with better trading performance data. Trading performance data includes ROI, recent orders performance, etc.

5. Asset Scale Principle: Traders with larger deposits and greater use of funds will be recommended first.

Ⅴ. Prohibited Items for Traders

1. Prohibition of sharing social accounts
Traders are not allowed to explicitly or implicitly disclose social accounts on the platform's personal profile, avatar, and/or any other places.

2. Prohibition of revealing sensitive information
In order to maintain the platform's ethos, traders are not allowed to express or imply pornographic or reactionary information in the platform's personal profile, avatar, and/or any other places.

3. Prohibition of promising guaranteed profits
Traders must not promise profits to copiers in order to attract them to copy orders.

4. Prohibition of using multiple accounts
Traders are prohibited from using multiple accounts to get profit shares or open positions in the opposite direction simultaneously. Once detected, they will be permanently disqualified from trader status.

5. Prohibition of Plagiarizing Orders

Traders are prohibited from plagiarizing the orders of other traders in any way. The risk control system will be checking the opening and closing prices, timing, position details, trading frequency, and other dimensions frequently. If traders are detected by the system for plagiarism, their accounts will be temporarily suspended from being copied by users. If traders are detected because of plagiarism for the first time, they can contact Customer Support to complete the advanced KYC for account unlocking. Accounts involved in a second-time plagiarism detected will be permanently closed.

Special Note: Accounts detected by the risk control system for having the same device, IP address, or same trading behaviors, associated asset transfer records (such as Internal Transfer) will be regarded as belonging to the same trader. We will enforce relevant restrictions on the accounts that have been involved accordingly.