Copy trading is a popular method for both new and experienced traders to participate in the markets by automatically replicating the strategies of expert traders. It simplifies the trading process, making it more accessible. This guide answers the most common questions about how copy trading works, its limits, and how you can manage your copy trading activities effectively.
What Is Copy Trading?
Copy trading is an investment strategy where users automatically copy the trades of selected expert traders, known as lead traders. When the lead trader opens or closes a position, the same action is mirrored in the follower’s account proportionally, based on the amount of capital allocated. This allows users to benefit from the expertise of seasoned traders without needing to make manual decisions.
Common Copy Trading Questions
How Many People Can Copy a Single Trader?
The number of users who can copy a single lead trader depends on the position mode:
- One-Way Position Mode: Supports a maximum of 1 follower.
- Two-Way Position Mode: Supports up to 10 followers.
Which Assets Can Be Copied?
The range of assets available for copy trading depends on the lead trader you choose. Currently, the platform allows copy trading for:
- Spot Trading
- Perpetual Contracts
Each lead trader may have different assets available based on their personal trading settings. For a complete list of supported assets and their maximum order limits, please refer to the official platform documentation.
👉 View the full list of supported assets and limits
What Is the Maximum Leverage in Copy Trading?
There is no additional leverage restriction for users. You can set your own leverage level for each copy trade, up to the maximum allowed leverage for that specific asset.
What Are the Copy Trading Amount Limits?
The following capital limits apply to copy trading:
- Minimum per trade: 10 USDT
- Maximum per trade: 100,000 USDT
- Daily cumulative maximum: 200,000 USDT
Once your total margin used for copy trading reaches the 200,000 USDT limit, the system will automatically stop opening new copy trades for that day.
In Which Regions Is Copy Trading Available?
Copy trading is not available in all jurisdictions. Currently, it is restricted for users residing in:
- Hong Kong (China)
- Singapore
- Cuba
- Iran
- North Korea
- Crimea
- Malaysia
- Syria
- United States
- Canada
- United Kingdom
- Bangladesh
- Bolivia
- Malta
Why Did My Copy Trade Fail?
A copy trade can fail for several reasons:
- The lead trader has stopped trading or lost their qualifying status.
- The lead trader has reached their daily trading limit.
- The trade triggered a risk control mechanism.
- Your trading account has insufficient funds.
- Your total copy trading amount has reached your set maximum limit.
How Do I Cancel a Copy Trade?
To cancel an active copy trade:
- Open the app and go to "Trade" > "Copy Trading" > "My Copy Trades".
- Select the specific order you wish to cancel.
- Click "Manage" and then the profile icon in the top right corner.
- Confirm the cancellation.
How Can I Manage My Copy Trades?
You can manage all your copy trading activity from the "My Copy Trades" section. This area is divided into three parts:
- My Traders: View detailed information and performance metrics for all the lead traders you are currently copying.
- Current Trades: Monitor all your open copy trading positions.
- Trade History: Review the details of all your closed copy trading positions.
Which Cryptocurrencies Are Supported?
The platform currently supports copy trading across 108 different trading pairs. The specific pairs available to you will depend on the individual settings of the lead trader you choose to follow.
What Is the Maximum Leverage?
The maximum leverage available in copy trading is the same as the maximum leverage offered in the manual perpetual contracts trading on the platform for any given asset.
What Is the Maximum Amount I Can Allocate to a Trader?
You can copy trades with a value between 10 USDT and 100,000 USDT per order. Your cumulative copy trading margin is capped at 200,000 USDT. Once you reach this total margin limit, the system will automatically prevent new copy trades from being opened.
Is Copy Trading Available Globally?
No, copy trading is not available to users in all countries and regions. Access is subject to local laws and regulations. Always check the latest information on restricted jurisdictions on the platform's official website.
👉 Check your eligibility and explore advanced trading
Frequently Asked Questions
How does copy trading work?
Copy trading automatically replicates the trades of a selected expert trader in your own account. You allocate a portion of your capital, and every trade they execute is mirrored in your account in proportion to your allocated amount.
Is copy trading suitable for beginners?
Yes, it is an excellent tool for beginners. It allows newcomers to learn from experienced traders and participate in the market without needing deep technical knowledge. However, it's crucial to understand that all trading involves risk, including the potential loss of capital.
Can I stop copying a trader at any time?
Absolutely. You can cancel your copy trading subscription at any time through the "My Copy Trades" management section. This will stop any new trades from being copied, but any existing open positions will remain until you close them manually.
Are the profits guaranteed?
No, profits are never guaranteed in any form of trading or investment. While copy trading lets you follow experienced individuals, market conditions are volatile, and even expert traders can experience losses. Always trade with caution and only risk capital you can afford to lose.
How do I choose a good trader to copy?
Look for traders with a consistent long-term performance history, a risk management strategy that aligns with your goals, and a transparent trading style. Review their historical drawdowns, win rate, and the number of followers they have.
What fees are associated with copy trading?
Typically, platforms may charge a performance fee to the lead trader, which is a percentage of the profits they generate for their followers. There may also be standard trading fees for executing the orders. Always review the fee structure on your platform before you start.