What is Contract Copy Trading?
Contract Copy Trading (also known as Copy Trading or Social Trading) refers to the practice where platform users publish their trades so that others can use these trades to implement their own trading strategies.
The person initiating the trading strategy or signals is typically called a "trader," while those consuming the signals are referred to as "followers."
Is there any risk involved in copy trading?
Trading involves risks, and it is crucial to fully understand and be aware of all possible risks before investing. A trader's future success cannot be guaranteed based on past performance.
However, there are risk management features available to help you make informed decisions when selecting traders, maximizing profits, and minimizing potential losses.
How long does it take for trades executed by the trader to reflect in my account?
Trades are usually executed almost immediately after the trader executes them.
Can I stop following a trader’s trades at any time?
Yes, you can disconnect from any trader and stop copying trades at any time. Once disconnected, the positions initiated by the trader will remain until they are actively closed by the trader, but no new trades from that trader will be placed in your account.
Is there a fee for copy trading?
You only need to pay the contract fees and your share of the profits earned from copy trading, which is directly paid to the trader.
Will I get the same price as the trader when I connect to their trades?
No. There may be execution delays due to spreads, and this data can be viewed in your account history.
Why does my trade show that the copy trading failed?
There are various reasons why copy trading might fail. Check the following conditions to see if they might have caused the failure. If the issue persists, please contact official customer support:
- The trader’s follower limit has been reached.
- The trader has been withdrawn.
- There is no balance or insufficient balance in the contract account.
Why are my positions not merged when I open a position manually during copy trading?
The copy trading position mode operates in a separate position mode.