1. What is Futures Copy Trading?
Futures Copy Trading is an automated trading tool. You can choose to be:
- Lead Trader: Create trading projects for others to follow.
- Copy Trader: Select reliable traders to follow. After setting the copy amount, the system will automatically copy the trades of the selected Lead Trader.
2. Do I need to apply to become a Lead Trader? What are the requirements?
Yes, you must apply for Lead Trader access and meet the following conditions:
- Complete Primary ID Verification
- Account assets equivalent to ≥ 200 USDT
- The number of closed futures positions in the last 30 days ≥ 1
- No active copy trades
Note: Trader requirements may be updated. Please refer to the current conditions on the application page.
3. Can I be both a lead trader and a copy trader at the same time?
No, a single account cannot act as both a trader and a copy trader simultaneously. To switch roles, you must first terminate all trading projects associated with your current role.
4. Do Copy Trading and Futures Trading share the same trading account at CoinEx?
No, Copy Trading accounts and Futures Trading accounts are independent and do not affect each other's assets.
5. How many trading pairs are supported for Copy Trading?
Currently, Copy Trading only supports the following USDⓈ-margined contract trading pairs: BTCUSDT / ETHUSDT / XRPUSDT / SOLUSDT / DOGEUSDT
Trading pairs will be adjusted based on market conditions. Please refer to the CoinEx Announcement Center for updates.
6. What are the differences between Copy Trading and Futures trading?
The trading process, interface, and tools for Copy Trading are essentially the same as those for regular Futures trading. Users do not need to learn the trading mechanism again, only focusing on the role differences.
7. What benefits do Lead Traders enjoy?
Lead traders can earn a portion of the profits from their copy traders as a reward (the profit-sharing ratio is 10% by default). They can adjust the profit-sharing ratio for their projects, but can only modify it once within 14 days.
8. Can Lead Traders use the API for leading trades?
Yes, they can automate their trading through the API interface. Please refer to the API Documents for details.
9. How many trading projects can a Copy Trader follow at the same time?
Currently, each Copy Trader can follow a maximum of 5 trading projects simultaneously.
10. How does the slippage protection mechanism work in Copy Trading?
To prevent significant deviations between the entry prices of Copy Traders and Lead Traders, a slippage protection mechanism is introduced, setting a maximum limit on price slippage. The default slippage protection value is currently 0.3%.
11. Why did my copy trades fail?
Common reasons for copy trading failure include:
- Insufficient available margin balance for copying trades.
- The Copy Trader's order amount is less than the minimum order amount for that trading pair.
- The market price deviates more than 0.3% from the Lead Trader's average transaction price.
- The market fluctuations or network issues may cause delays or the failure of copy trading orders.
12. Can Copy Trading guarantee profits?
Unfortunately, Copy Trading carries risks and cannot guarantee profits. Please invest rationally based on your risk tolerance and financial situation, and do not follow blindly.
13. How are copy trading profits settled? Are they distributed in real-time?
CoinEx Futures Copy Trading adopts a profit-sharing model based on settlement cycles, with 30 days as one cycle. If the trade ends earlier than 30 days, the profit sharing will occur on the day the trade terminates. For details, please refer to the Profit-Sharing Rules.
14. Can Lead Traders adjust the margin mode? Will it sync with the Copy Traders’ margin mode?
Lead traders cannot switch margin modes while holding positions. If the Copy Traders’ margin mode is set to "Copy Lead Trader", the same margin mode will apply when opening positions.
15. What is the maximum leverage for Copy Trading?
The maximum leverage for Lead Traders in Copy Trading is 10X. To control risk, the system will automatically adjust the maximum leverage for Copy Traders:
- If the Lead Trader's leverage > Copy Trader's leverage, the Copy Trader's leverage will be applied to the Copy Trader.
- If the Lead Trader's leverage < Copy Trader's leverage, the Lead Trader's leverage will be applied to the Copy Trader.
For the maximum leverage of each trading pair, please refer to USDⓈ-Margined Contract Trading Rules.
16. Can I manually stop following a trading project?
Yes. Copy Traders can stop following any ongoing trading project at any time without affecting the management of existing positions.
17. Can I manually close positions when there are floating losses in Copy Trading?
Yes. Copy Traders retain full control over their positions and can manually end Copy Trading. Currently, CoinEx only supports full position closure.
18. Can I view the historical performance of Lead Traders?
Yes. The platform displays key metrics of each Lead Trader, including cumulative profits, PNL ratio, AUM, win rate, MDD, and trading data for Copy Traders’ reference.
19. Can Copy Traders modify the set copy amount?
Yes. Copy Traders can increase the copy amount for each project at any time, but reducing the copy amount is not supported.
20. When can a Lead Trader apply to lead trades again after ending leading Trades?
If a Lead Trader chooses to end leading trades, they must wait 30 days before reapplying.