Last updated: 07 June 2024
You can now copy trade on Binance Futures. Follow the steps below to become a lead trader and let other users copy your trades. For more details, please refer to What Is Copy Trading?.
How to become a lead trader on Binance Futures?
1. Log in to your Binance account and go to [Futures] - [Copy Trading].
2. Click [Become a Lead Trader].
3. Customize your lead trader portfolio:
- Nickname: Enter a name for your portfolio to be displayed in the Portfolio Center;
- Portfolio Description: Enter a description for your portfolio. It will be displayed on the Portfolio Details page.
- Portfolio Type: Select either [Public] or [Private] portfolio.
- Public Portfolio: Can be copied by any user
- Private Portfolio: Copy access is limited by invite code or link
- Amount: Enter a lead trading amount (minimum 1,000 USDT). Once the portfolio is created, the funds will be automatically transferred from your Spot Wallet to your Lead Trading Account.
- Profit Sharing (only available for Private Portfolios): Set your preferred profit sharing ratio. Please note that it cannot be changed once the portfolio is created.
3.1 Please read and agree to the service agreement, then click [Confirm] to create your portfolio.
4. Your portfolio has been created. Click [Trade Now] to go to the trading interface.
Please note:
- Trading tools for copy trading are similar to those on the Futures trading interface. For more details, please refer to How to Customize Binance Futures Trading Interface.
- Trailing stop orders are currently not available for copy trading.
5. You can view your copy traders’ portfolio details and performance by clicking [My Lead].
- Please click [Adjust Balance]:
- To add or withdraw funds. Please note that the maximum transferable amount is the available balance of the portfolio amount minus 1,000 USDT.
- To transfer BNB to the portfolio and enjoy the BNB trading fee payment discount.
- You can click [Close] to close the portfolio. Your followers’ portfolios will automatically stop copying trades and proceed to settle profits. Please note that you cannot close the portfolio if it still has open positions.
You can also view your copy traders’ portfolio details and performance from your Futures Wallet. Go to the [Copy Trading] tab.
6. The default copy limit for each portfolio is 200. If a portfolio has been fully copied, please apply via this survey.
7. Portfolio Risk Management for Public Portfolios:
- Leverage Limitation: When a portfolio’s AUM (Assets Under Management) is ≥ 100,000 USDT, the lead trading leverage will be limited to a maximum of 5x.
- Cooling Period: For lead portfolios with an AUM (Assets Under Management) ≥ 1,000,000 USDT, if the portfolio’s 7-Day MDD (Max Drawdown) is ≥ 20% at 00:00 UTC on Monday, the system will cancel all open orders and close all open positions at market price. The trade function will be suspended for 24 hours.
For more information, please refer to: