1. What is Futures Copy Trading?
Futures copy trading is an automated trading system where you can either become a lead trader for others to follow your trades, or a copy trader to follow the trades of a lead trader. After setting the copy amount, the system will automatically replicate the trades of the lead trader you follow.
2. Can I be both a lead trader and a copy trader at the same time?
No, the same account cannot be used for both lead trading and copy trading simultaneously.
3. Is the copy trading account shared with CoinEx futures trading account?
No, the copy trading account is separate from the futures trading account, and they do not affect each other.
4. How many contract trading pairs are supported for copy trading?
Currently, 5 linear perpetual contracts are supported by futures copy trading. The available pairs may be adjusted based on market conditions, please check CoinEx Announcements for updates.
5. What is the difference between lead trading and regular futures trading?
To provide a smooth trading experience for lead traders, the trading process, interface, and tools for lead trading are essentially the same as those for regular futures trading.
6. What are the benefits for lead traders?
Lead traders can share a portion of the profits from copy traders (default is 10%) as a profit-sharing reward. Also, the lead traders can adjust the profit-sharing ratio for their projects.
7. Can lead traders use API for lead copy trading?
Yes, lead traders can use API services to lead trades in futures copy trading. Please refer to API Documents for details.
8. How many copy trading projects can a copy trader follow simultaneously?
A copy trader can follow up to 5 projects at the same time.
9. How does the copy trading slippage protection mechanism work?
To prevent the copy trader’s entry price from deviating significantly from the lead trader’s entry price, the slippage protection mechanism sets an upper limit on price slippage. The default slippage protection value is 0.3%.
10. Why did my copy trades fail?
Common reasons for copy trade failure include:
- Insufficient available margin balance in the copy trading project.
- 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.
11. Can copy trading guarantee profits?
Unfortunately, copy trading cannot guarantee profits and carries high risks. Please manage your risks according to your financial situation and invest cautiously.
12. Can lead traders adjust the margin mode? Will this adjustment affect the copy trader’s margin mode?
Lead traders cannot switch margin modes while holding positions. If the copy trader’s margin mode is set to “Follow Trader”, it will use the same margin mode as the lead trader’s at the time of opening positions.
13. What is the maximum leverage for copy trading?
The maximum leverage for lead traders in copy trading is 100X. Each trading pair’s maximum leverage can be referenced in “CoinEx Linear Futures Contracts Trading Rules”.
Additionally, a low leverage protection mechanism is applied to copy trading positions to control risk. When a copy trader selects a fixed leverage:
- If the lead trader’s leverage is greater than the copy trader’s leverage, the position will open with the copy trader’s leverage.
- If the lead trader’s leverage is less than the copy trader’s leverage, the position will open with the lead trader’s leverage.
14. When can a lead trader reapply, after canceling lead trading?
After 30 business days of canceling their lead trading status, the lead traders can reapply.