How to Use Futures Copy Trading on Binance Square?
Copy trading is a feature that allows you to mirror the portfolios of experienced traders in real-time. Simply choose your investment amount and the system will automatically replicate the trades from the lead traders you follow. You can now utilize this feature on Binance Futures. Learn more about how copy trading works here.
*Binance Futures Copy Trading products and services are only available to KYC-verified users from specific countries and regions; see the full list here.
Please be aware that copy trading involves high risk. Always research before investing and review our Risk Warning for a better understanding of potential risks.
How to Use Futures Copy Trading on Binance Square?
*The Copy Trading feature is now available on both web and app. Please update your app to version v2.77 to access it.
You can click the copy trading widget located under a lead trader’s post on Binance Square to review their performance history or copy the portfolio.
Copy trading can be initiated through ‘Fixed Amount’ or ‘Fixed Ratio’. You can also customize other settings for your trade.
Fixed Amount: You can set a specific amount per trade.Fixed Ratio: You can allocate a total portfolio investment amount, and the system will proportionally copy trades based on the input.
Please note:
The lead trader might add margin to their position when the trade is being processed, potentially exposing your positions to higher risks. Please monitor your portfolio and positions closely.When using the 'Fixed Amount' mode, if the lead trader holds multiple positions or frequently opens new positions, your portfolio may not have sufficient margin to replicate all of their trades. Please monitor your portfolio closely and adjust the copy amount or cost per order amount to avoid copy failure.
Learn more about how to use Futures copy trading here.
How to Manage Your Portfolio?
After initiating copy trading via Binance Square, head over to the 'Creator Center,' and select 'My Copy Trading' to manage your portfolio.
In this section, you can manage your active copy portfolios and view both ongoing and completed ones. Available management options include:
[Transfer]: Add or withdraw funds for copy trading. The maximum copy trading amount is 100,000 USDT, and the maximum amount transferable is your portfolio's available balance minus the minimum required for copy trading. Please note that withdrawals are restricted when there are open positions in the portfolio.[Settings]: Adjust the cost per order (ranges from 10 USDT to 1,000 USDT). It cannot exceed the total copy trading amount.[Stop Copying]: Close the copy trading portfolio. If there are open positions, the system will immediately close them at market price, settle the profit, and transfer the remaining assets back to your Spot Wallet.
How to Lead Trade on Binance Futures?
Now, you can also lead trade on Binance Futures. Follow the provided steps to become a lead trader and allow other users to copy your trades.
The benefits for lead traders in copy trading include:
A 10% profit share from your copy traders; andA 10% commission from your copy traders’ trading fees
For more specific information on the benefits, calculations, and settlements for lead traders, please visit this article.
Binance Futures Copy Trading has also launched the Elite Trader Program for lead traders. Qualified lead traders can start to unlock a series of advanced features and exclusive benefits.
How to Expand Your Copy Trader Base via Binance Square?
Lead traders can leverage their follower base by sharing trading strategies, experiences, or tips on Binance Square.
On your profile, there is a 'Copy Trading' feature that allows your followers to see your copy trading portfolios. The more followers you attract on Binance Square, the more potential copy traders you can gain.When posting on Binance Square, you can also use the Copy Trading widget within the editor to showcase your trading portfolio via your posts. Readers can directly copy your portfolios when browsing through content on Binance Square.Additionally, when you activate the synchronization feature on the lead trading page, the system will automatically sync real-time copy-trading transaction signals to your Binance Square profile.This not only keeps your followers informed about your transaction history via the ‘Following’ tab or creator profile page on Binance Square but also draws in more interest to your strategies.