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Keywords: Copiers, Copy Trading Settings, How to Edit Copy Orders
Ⅰ. Copy Trading Types
The following copy trading types are available on BingX.
- Copy Trade by Amount
Users need to set the "Max. Margin of Single Trade". For example, when the user sets the "Max. Margin of Single Trade" as 10 USDT, she/ he will copy the order with a maximum margin limit of 10 USDT regardless of the margin amount of the trader's order. Considering factors such as market liquidity,and copy trading limits, the system will place the order at the optimal value (closest to the max. margin). For further details, please refer to the actual order.
Ⅱ. Risk Management Tools
There are 3 risk management tools on BingX Copy Trading system, which can help users to proactively control their copy order risk.
1. Max. Daily Copy Trade Margin
For example, if you set the " Max. Daily Copy Trade Margin" as 50 USDT, but the margin amount of the first copy order is 20 USDT, or the margin amount of the second copy order is 30 USDT (20+30=50 USDT), you cannot copy the trader to open a third order.
2. Max. Opened Position Margin
For example, if you set the "Max. Opened Position Amount" as 50 USDT, the margin amount of the first copy order is 50 USDT and the position has not been closed yet, you cannot copy the trader to open a second order since the margin amount of your holding positions has reached the Max. Opened Position Margin you set - 50USDT.
3. Trade Stop Loss Ratio
For example, by setting 70% for “Trade Stop Loss Ratio”, each copy trading will be closed automatically when it loses 70% of the margin value.
Please note: Due to the rapid changes in market price and depth, when stop loss orders are triggered, the system cannot guarantee that the position will be closed at the set SL ratio. The SL ratio 70% is only the set trigger ratio, not the final P/L ratio.
III. Prohibited Items for Copiers
The BingX Copy Trading system prohibits copiers from plagiarizing the signals of traders' orders for manual orders of futures trading. ( In the event of plagiarism to manual ordering, users will bear the relevant risks.) Copiers who are detected by the system for plagiarism, will be forbidden from using the Copy Trading feature for a period of 3 to 30 days, depending on the severity of the cases.
Special Note: Accounts detected by the risk control system for having the same equipment, IP address, or the same/similar trading behavior, associated asset transfer records (such as Internal Transfer) will be regarded as belonging to the same copier. The risk control team will enforce relevant restrictions on the accounts that have been involved accordingly.