Traders | Spot Copy Trading Manual

Overview

1. What is Spot Copy Trading?
2. Profit-Sharing Settlement Rules
3. How to Become a Trader for Spot Copy Trading
4. Spot Copy Trading Rules
5. Ranking Rules
6. How to Begin Sharing Your Trades for Spot Copy Trading

1. What is Spot Copy Trading?

BingX's Spot Copy Trading is a spot trading tool that allows copiers to mimic the spot trading orders of experienced traders. Traders can earn profit-share by helping their copiers generate profits through spot trading.

Spot Copy Trading Process:
How do copiers copy the trader's order?

Find the Spot Traders list
Explore trader profiles and select a trader to copy
Learn and configure Copy Trading settings
Wait for the trader to open a position, and then monitor the profits.

2. Profit-Sharing Settlement Rules

Copy Trading Type	Profit Share Ratio	Settlement Time	Scope of Settlement
Spot Copy Trading	10%	Next Monday at 00:00 (UTC+8)	Only orders that are 100% sold are counted, including copier-initiated sells.

Note: Traders of Spot Copy Trading are currently not subjected to account tiering, the profit-sharing ratio for all traders is set uniformly at 10%.

3. How to Become a Trader for Spot Copy Trading

3.1 Submit your application either via the Spot Copy Trading Trader Application or through the Banner on the Copy Trading homepage.

3.2 Traders who can already share their futures trades automatically qualify for "Spot Copy Trading". To enable this feature, visit "My Trades" - "Copy Settings" - "Spot Copy Trading" to turn it on.

Notes:

An account with a minimum balance of 500 USDT has a higher approval rate.

Before applying to become a trader, please ensure that you cancel all existing copy trading relationships. Otherwise, the application will not be approved.

If you have any questions, please contact us via Telegram ID: @BingXRyan

4. Spot Copy Trading Rules

Description	Trading Rules
Order Type	Buy: All spot order types are supported Sell: Only supports tick-by-tick sell orders at the market price under the "Copied Orders" tab.
Trading Fee	Consistent with Spot trading fees Fee Schedule: https://bingx.com/zh-tw/support/costs/
Scope	Only USDT-M orders
List of Available Trading Pairs	Announcements (Auto-updated)
Valid Copied Orders	1. Completely filled orders are considered valid orders. 2. Partially filled orders with the unfilled portion subsequently canceled are considered valid orders. 3. Partially filled orders are not considered valid orders. 4. Spot grid orders are not considered valid orders.
Trader Profile Data	1) Updated every 30 minutes 2) Only the trading data after becoming a spot trader is counted, historical data is excluded
Frozen Asset	When a buy order is fully filled or partially filled, the corresponding filled amount will be temporarily frozen by the system. It will be released when the filled amount is sold. Note: Frozen assets can be viewed in "Fund Account" - "Asset List".

5. Ranking Rules

5.1 Requirements for Ranking on the Trader List

Account assets ≥ 100 USDT

PnL ratio ≥ -30%

Cumulative PnL ≥ -50 USDT

Days since last trade ≤ 30 days

5.2 Ranking Rules
Product Manager's advice to Traders: The ranking are determined through a multi-indicator system. The core indicator is return on investment (ROI), followed by account assets, win ratio, and cumulative PnL, etc. The minimum asset requirement is 100 USDT. Surely, we hope traders have sufficient funds to showcase their capacity. Our ranking algorithm will be continuously updated, granting more weight to outstanding traders.

6. How to Begin Sharing Your Trades for Spot Copy Trading

6.1 Account Initialization

Set up an avatar and nickname to project a credible trader profile.

Maintain a certain level of credibility via your account assets, usually at least 500 USDT (recommended value).

If you have a remarkable trade history, feel free to announce it in the Feed and showcase your accomplishments.

6.2 Accumulate Trading Data
Gather data advantages as quickly as possible. In the early stages, the competition on the ranking list is relatively lower. The faster you accumulate data, the longer you'll remain on the ranking and the more exposure you'll receive.

6.3 Apply for Traffic Resources

Contact Us

BingX exclusive trader support on Telegram: @BingXRyan

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

BingX Operation Team

2023-10-02

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