How to Lead Trade on Binance Futures?

2023-08-22 04:12

Last updated: 8 Nov 2024

Disclaimer: In compliance with MiCA requirements, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here.

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:

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) ≥ 500,000 USDT and a 7-Day MDD (Max Drawdown) ≥ 20%, the trade function will be suspended for 24 hours. The system will check every 2 hours, but lead portfolios that have triggered this rule will not be checked again in the following 7 days.
  • Advanced Portfolio Protection: Imitating the nickname, portfolio description and trading strategy of portfolios with ≥ 200 copy traders and their associated portfolios is not allowed. Portfolios identified as imitating nickname, project description, or trading strategy will be hidden. Binance reserves the right to determine whether a portfolio is an imitation.

8. Portfolio Risk Management for Private Portfolios:

  • Invitation Code Sharing Restriction: Displaying the invitation code of private portfolios in the nickname or portfolio descriptions is not allowed. Portfolios that violate this rule will be hidden.

For more information, please refer to: