How to Get Started with Managed Sub-Account Function, and Frequently Asked Questions
2021-12-17 10:51
Managed Sub-Account Functions
Step-by-step Guide
Products and services referred to here may not be available in your region.
Binance offers the Managed Sub-Account function as a purely technological solution to meet the needs of the Account Owner and Designated Trader. Binance is not a party to any contract entered into between the Account Owner and Designated Trader.
What is a Managed Sub-Account?
A managed sub-account (“Managed Sub-Account”) is an account created under a master account (“Master Account”) that enables the Master Account owner (“Account Owner”) to retain ownership and control over assets, segregate portfolios and grant trading-only access via API to a designated trader (“Designated Trader”).
We provide the Managed Sub-Account feature to empower both Account Owners and Designated Traders. This feature enables greater flexibility and ability to segregate portfolios, while safeguarding the trading strategies, order, and transaction history.
Who should use the Managed Sub-Account function?
The Managed Sub-Account enables Account Owners to create multiple Managed Sub-Accounts to meet their differentiated needs. For example, an Account Owner may grant trading-only access to different Managed Sub-Accounts to each respective Designated Trader. From the Designated Trader’s perspective, the Managed Sub-Account will keep trading strategies and historical/commissioned orders confidential.
Managed sub-accounts can benefit both Account Owners and Designated Traders.
1. Account Owners
Account Owners may grant trading only access via API to multiple Designated Traders via multiple Managed Sub-Accounts while still retaining sole control over making deposits and withdrawals from the Managed Sub-Accounts at any time.
2. Designated Traders
Designated Tradersmay utilize multiple Managed Sub-Accounts to run different trading strategies, while keeping proprietary information confidential.
Grant multiple Designated Traders trading access while retaining control over assets.
Trade with your own Binance account freely.
View Managed Sub-Account asset balances at any time.
Schedule withdrawals from Managed Sub-Accounts at any time.
Deploy proprietary trading strategy via API for Account Owners’ assets in multiple Managed Sub-Accounts.
Keep your trading strategies and records confidential.
Managed Sub-Accounts’ trading volumes can be counted towards the volume requirements of the Designated Trader.
How to apply for a Managed Sub-Account?
Managed Sub-Accounts are exclusive to VIP users. To enable this feature, users may contact their VIP account manager or email us at vip@binance.com for assistance.
Frequently Asked Questions
1. Do Managed Sub-Accounts enjoy the same transaction fee rates as the Designated Trader?
The base trading fee applicable to each Managed Sub-Account will follow the same fee rate as applicable under the Designated Trader’s VIP level. However, the Designated Trader will be liable for additional fixed and variable trading fees for each applicable Managed Sub-Account, as specified in the MSA Terms.
2. Can the Account Owner of the Managed Sub-Account withdraw assets?
Yes, only Account Owners may withdraw assets held under the Managed Sub-Account via the Managed Sub-Account management function.
3. Can Account Owners view the Designated Trader's trade/order history?
No, in order to keep confidential the proprietary trading strategies of the Designated Trader, the trading/order history of the Designated Trader will not be accessible by the Account Owner.
4. Can the Designated Trader withdraw assets from the managed sub-account?
No, the Designated Trader is not able to withdraw assets from the Managed Sub-Account. Withdrawals from the Managed Sub-Account may only be made by the Account Owner.
5. How many Managed Sub-Accounts can each Account Owner create?
By default, each Account Owner may create up to 10 Managed Sub-Accounts.
6. If the same Account Owner grants trading access to multiple Managed Sub-Accounts for the Designated Trader, is the Designated Trader able to transfer assets between the respective Managed Sub-Accounts?
No, the Designated Trader is not able to transfer assets to and from the Managed Sub-Account. Transfers from the Managed Sub-Account may only be made by the Account Owner.
7. Will the referral commission calculation for Managed Sub-Accounts change?
No, rebates from the Managed Sub-Account will continue to be credited to the original referrer of the Account Owner.
For details on how to manage your account, click to view the "Step-by-step Guide" tab on this page.
What can the Account Owner do?
Overview of the Account Owner’s rights over the Managed Sub-Account
Function
Description
Account Management
Create managed sub-accounts Create Managed Sub-Accounts and grant trading access via API to the Designated Trader.
Deposit and Withdrawal
Manage the deposit and withdrawal of assets between the Master Account and the Managed Sub-Accounts.
Wallet and Account Overview
View the current Managed Sub-Account wallet overview, asset balances, PnL, and other information.
Managed Sub-Account Management
1. Go to [My Account] - [Sub-Account] - [Managed Sub-Account] - [Create Managed Sub-Account].
2. Enter your desired Managed Sub-Account name and provide the Designated Trader’s UID and email address.
3. If it fails to bind, click [Bind Account] next to the managed sub-account.
Deposit and withdrawal
Deposit
1. Go to [Managed Sub-Account] and click [Transfer] on the corresponding Managed Sub-Account transfer page. You’ll be able to deposit assets from the Master Account to the selected Managed Sub-Account under the [Deposit] tab.
Withdrawal
1. Go to [Managed Sub-Account] and click [Transfer] on the corresponding Managed Sub-Account you want to access to enter the corresponding Managed Sub-Account transfer page. You’ll be able to withdraw assets from the selected Managed Sub-Account to the Master Account under the [Withdraw] tab.
Account Owners may select a transfer date (within 30 days from the date of selection) and a withdrawal notification will be sent to the Designated Trader’s email address.
Account Owners may also choose to withdraw their assets immediately.
View Assets
1. Go to [Managed Sub-Account] and click [Details] on the corresponding Managed Sub-Account you want to access. You can view the assets and unrealized profit and loss of the respective Managed Sub-Account.
What can the Managed Sub-Account’s Designated Trader do?
Overview of the Designated Trader’s Access Rights over the Managed Sub-Account
Function
Description
Note
Account Management
Manage Margin and Futures accounts
This may not be available in certain regions
API Management
Create and edit the Managed Sub-Account API keys and API access.
Each Managed Sub-Account allows the creation of up to 30 API Keys, which can be used to place orders/enquiries/positions, etc. via the Managed Sub-Account in the public API interface.
Wallet and Account Overview
Check the balance of the Managed Sub-Account, and transfer assets between the Spot, Futures, and Margin wallets belonging to the same Managed Sub-Account.
Account Owner must have enabled trading of the respective products.
Managed Sub-Account Management
You can view the Managed Sub-Account in the Account Management list and manage the account permissions here.
API Management
You can create and edit the Managed Sub-Account API keys and permissions.
View Assets
You can view the balance of your Managed Sub-Accounts. Click [Transfer] to transfer Managed Sub-Account assets between the Spot, Futures, and Margin wallets of the same Managed Sub-Account.Note that the Account Owner must have enabled trading of the respective products.
Unbinding and delete
From Account Owner
1. Go to [Managed Sub-Account] and clickthe [Unbinding] icon on the corresponding Managed Sub-Account you want to unbind. It is important to make sure that the account has no open orders/positions/assets and/or API keys. Please note that this action is irreversible.
From Designated Trader
1. Go to [Sub-Account management] and click the [Unbinding] icon on the corresponding Managed Sub-Account you want to unbind. It is important to make sure that the account has no open orders/positions and/or API keys. Please also ensure that your Spot Wallet has less than 1000 USD in equivalent assets. Please note that this action is irreversible.
