1. What is Binance Spot Copy Trading?
Binance Spot Copy Trading is an automated trading system. It allows users to participate either as lead traders, whose portfolios can be copied by other traders, or as copy traders, who replicate the portfolios of lead traders.
Once you’ve set your investment amount, the system will automatically copy trades made by the lead traders you’re following.
2. Can I lead and copy trades simultaneously?
Yes, you can have one lead trading portfolio and up to ten copy trading portfolios simultaneously.
3. Is my Spot Copy Trading Account shared with my Binance Spot Account?
No, the Spot Copy Trading Account is independent from the Binance Spot Account.
4. How many spot trading pairs do copy trading support?
Currently, Spot Copy Trading supports more than 100 pairs. The list may be adjusted from time to time according to market conditions. You may view the supported pairs from the trading page.
5. What's the difference between lead trading and spot trading?
To provide better trading experience for lead traders, the trading process, interface, and tools for lead trading are similar to spot trading. However, profit sharing is only available to lead trading.
6. What benefits do lead traders enjoy?
Lead traders enjoy several benefits, including a 10% profit share from their copy traders. The remaining 90% goes to their copy traders. Additionally, they receive a 10% commission from their copy traders’ trading fees.
7. How many portfolios can a copy trader copy simultaneously?
Copy traders can copy up to ten portfolios at the same time.
8. What are [Fixed Ratio] and [Fixed Amount] copy modes?
[Fixed Ratio] and [Fixed Amount] copy modes serve different purposes. In the [Fixed Amount] mode, a fixed amount per trade is set by the copy trader. While in the [Fixed Ratio] mode, copy traders establish a total portfolio investment amount, and the system copies trades proportionally based on the entered amount.
9. How does the slippage protection work?
The slippage protection feature ensures traders are executed at reasonable prices by setting a maximum slippage limit. This prevents the system from copying trades at significantly deviated prices. Currently, the slippage protection is set at 0.3% for BTCUSDT and ETHUSDT pairs, and 0.5% for other trading pairs.
10. Why did copy trading fail?
Copy trading may fail due to various reasons, including:
- Insufficient available balance in the copy portfolio.
- Limit or stop-limit orders used by the lead trader may not be fully filled.
- Exceeding the set limit for market slippage.
- The order notional value falling below the symbol’s minimum notional value.
11. Does copy trading guarantee profits?
Copy trading does not guarantee profits and carries a significant level of risk. It’s essential to practice risk management and invest wisely within your financial means.
12. Can sub-accounts copy portfolios or start lead trading?
No, copy trading is not supported for sub-accounts.
13. Can I receive Binance Referral Program commission for lead/copy trading?
Yes, your inviter can receive referral commission for your lead/copying trading fees.
14. How do I track my copy trading balance history?
At the bottom of the Spot Copy Trading page, you can check the [Balance History] under the Portfolio History section.
15. Will the 10% profit sharing and 10% commission affect my existing referral fee structure?
No, it will not affect the original referral fee structure.
16. What will happen if I withdraw all the funds in my Copy Trading Account?
Your copy trading account will be closed and you will need to create a new copy trading account if you wish to continue to participate in Spot Copy Trading.
The minimum account balance to maintain the account for copy trader and lead trader is 10/100 USDT depending on Fixed Amount or Fixed Ratio mode and 500 USDT respectively.
17. How can I withdraw my funds from the Spot Copy Trading Account?
You need to close the running portfolio and click the [Adjust Balance] button to add or remove funds from the copy trading account. If there are any pending orders, please cancel them to close the portfolio.
18. I have assets with a low balance in my Copy Trading Account and I’m unable to trade them. How can I transfer them back to my Spot Account?
The funds will be returned to your Spot Account when the copy trading portfolio is closed.
19. Will my assets be converted to USDT when I close the copy trade?
19. Will my assets be converted to USDT when I close the copy trade?
Token balances over 10 USDT will be converted to USDT. If your token balance is less than 10 USDT, your tokens will be returned directly to your Spot Wallet.