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This video is for demonstration only. The actual situation may be subject to market conditions and platform rules.
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1. What is copy trading
Copy trading is a feature that allows copiers to copy the trades of multiple elite traders by automatically aligning with traders' trading activities and thus generating profits or losses. Copy trading saves users from the trouble of opening and closing positions and monitoring the market for themselves as all trades of the trader that they copy will be automatically copied.
2. Types of copy trading
2.1 Futures Copy Trading
- Copy by Position Ratio (Perpetual Futures)
BingX Perpetual Futures Copy Trading allows users to copy traders by position ratio. "Copy by position ratio" means that whenever a copier copies a trader, the ratio of the order margin to the copier's copy trading funds is the same as the position ratio of the trader. The margin for each copied order is calculated based on the ratio of the trader's margin to their net asset value. In this way, the position ratio of copiers and the trader is consistent, i.e. the risk of their positions is closely aligned. This mechanism keeps the risks of positions under "copy by position ratio" mode at a relatively lower level.
For example, suppose the trader's Copy Trading account has net assets of 1,000 USDT and uses 30% of the funds, i.e., 300 USDT, with leverage of 5X to open long BTC/USDT. The copiers will also use 30% of their funds (suppose 100 USDT), that is, 30 USDT 5X to buy long BTC/USDT.
- Copy by Per Order (Perpetual Futures)
Copy by "Per Order" is a trading mode where the copier copies the trader and places orders one by one. This copy trading mode has fixed margin per order. "Fixed" means that whenever a copier copies a trader, the amount of margin that is being used each time the copier opens a position will be a fixed amount set by the copier. This mode delivers higher capital efficiency and enables more flexible order management for copiers, giving experienced copiers greater control.
E.g., if the copier sets 10 USDT as the margin for a single copied trade and the trader opens long BTC/USDT, the system will open the same position with a 10 USDT margin for the copier, regardless of the trader’s margin or position ratio. The trade will then appear on "Positions" and "Ongoing" pages. Using 10 USDT as the margin, copy orders will be placed based on the margin mode and corresponding leverage for the trading pair set by the copier in their autonomous trading within Perpetual Futures.
- Copy by Fixed Margin (Standard Futures)
"Copy by fixed margin" mode means that whenever a copier copies a trader, the amount of margin that is being used each time the copier opens a position will be a fixed amount set by the copier. Therefore, the margin is fixed, so it is easier to understand and control the risks. Also, this type of copy by fixed margin allows copiers to perform autonomous trading to some extent.
E.g., If the copier sets 10 USDT as the margin for a single copied trade and the trader opens long BTC/USDT, the system will open long BTC/USDT for the copier with a 10 USDT margin regardless of the margin/position ratio of the trader. And the trade will be displayed in the Position of the copier’s USDT-M Standard Futures account.
2.2 Spot Copy Trading
BingX's Spot Copy Trading is a spot trading tool that allows copiers to mimic the spot orders of experienced traders. When a trader places a valid copied order, copiers will automatically execute buy/sell actions based on their set amount.
3. How to Start Copy Trading
Step 1: Access Copy Trading. App: Homepage -> Copy Trading; Web: Homepage -> Copy Trading.
Step 2: Select a trader. You can select from "Trending Trader" or "Conservative Trader" recommended by the system based on their past data. Click their avatar to view their "Trading Data" or "Insight". For any indicator, hover over it to view its definition.
Step 3: On the trader's homepage, click "Copy" and you'll be directed to the copy settings page.
- Copy Trading Methods: Based on the trader's selected copied account, four copy modes are available: copy by position ratio, copy by per order, copy by fixed margin, and spot copy trading.
- Principal type: USDT and VST (Virtual USDT) for copy trading under Standard Futures; USDT for copy trading under Binance Futures and BingX Spot Grid.
- Copy Trading Funds: When choosing copy by position ratio for BingX Perpetual Futures, Copy Trading Funds, Slippage, TP/SL are available. For copy by per order, Margin, Copy Trading Funds, Slippage, and TP/SL are available. For BingX standard futures, margin, TP/SL, cumulative loss protection, Max. Copy Amount, daily copy amount, and leverage are available. For BingX Spot Trading, margin is available for setting.
Step 4: Click on "My Trades" to view copy trading data
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Supports data of USDT futures copy trading, VST futures copy trading, and spot copy trading.
- Ongoing: It Includes copy orders not closed yet.
- History: It includes USDT and VST copy orders already closed.
Step 5: Edit or stop copying
Go to "My Trades" - "Ongoing" and tap the trader you are copying. Click "Stop Copying" to stop copying manually. Once canceled, you will no longer copy the traders' orders and the trader will no longer appear on your copying list. Existing copy orders will be closed as the trader closes the orders. Click "Edit" to modify "Copy Settings".
4.1 Copy by fixed margin (Copy Trading with BingX Standard Futures)
4.2 Copy by position ratio (Copy Trading with BingX Perpetual Futures and Binance Futures)
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Reference:
See also
For Copiers - How to Edit Copy Trading Settings
For Copiers - Frequently Asked Questions about Copy Trading