1. What Is the Copy Trading Subsidy Voucher?
The Copy Trading Subsidy Voucher is an insurance voucher that can be used when setting up copy trading. It is based on the total copy trading PnL for copying a trader and subsidizes losses from copy trading.
- Trade without fear of losses; losses are compensated.
- No manual action is needed; the system automatically processes.
- Easy and beginner-friendly navigation
If the total copy trading PnL is negative, subsidy is triggered (up to the voucher value).
If a single order loses money but the total copy trading PnL is positive, subsidy is not triggered.
Copy trading funds must be greater than the voucher value; otherwise, the voucher will not take effect.
2. How to Get a Copy Trading Subsidy Voucher
Watch for official events. Copy Trading Subsidy Vouchers are distributed from time to time.
Join the new user events to claim the Copy Trading Subsidy Voucher: https://bingx.com/activity/general/2772075078
Note: After receiving the Copy Trading Subsidy Voucher, you must upgrade the app to version 4.67.0 or above to use it.
3. How to Unlock the Copy Trading Subsidy Voucher
- Vouchers without unlocking thresholds can be used directly.
- Vouchers with unlocking thresholds are initially in the "Unlock" state. The "Use" button appears after users meet the unlocking condition.
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Complete advanced verification
If identity verification is restricted by region, you must complete verification for the specified region to complete the task.
4. How to View and Use the Copy Trading Subsidy Voucher
- Step 1
Click the top-left avatar → go to Profile, then Vouchers, and view Copy Trading Subsidy Voucher - Step 2
Click Use, select Trader, then click Copy Trading Subsidy Voucher on the copy trading settings page. - Step 3Go to 'My data' to view current copy trades.
- Step 1
Click the avatar on the top → go to Profile, then Vouchers, and view Copy Trading Subsidy Voucher - Step 2
Click Use, select Trader, then click Copy Trading Subsidy Voucher on the copy trading settings page. - Step 3Go to 'My data' to view current copy trades.
5. Trading Notes
- Subsidy Vouchers may come with a minimum funds threshold. If the voucher you receive includes such a requirement, please ensure you set your Copy Trading funds to meet the minimum threshold.
- One Copy Trading Subsidy Voucher can only be used to copy one trader, and stop copying will render it void; if the trader copied during the validity period of the voucher has not opened any trades (low frequency), the voucher will automatically become void upon expiration, so please fully consider the trader you wish to copy. (Copiers | How to Choose a Trader >>)
6. How Are Claims for the Copy Trading Subsidy Voucher Processed?
The Subsidy Voucher is settled automatically by the system and you'll be notified in the Message Center accordingly. You will be able to see whether it is settled as well as the settlement amount. All subsidies will be issued to your Fund Account. You can check it in the Asset Records.
The Subsidy Voucher will be settled automatically in the following scenarios:
- Subsidy Voucher expires
If the Subsidy Voucher expires and the copier's PnL (while the Subsidy Voucher is in use) is negative, the settlement amount will be paid. On the other hand, if the copier's PnL is positive and there are no losses incurred, there will be no subsidy payout.
- The requirement to use the Subsidy Voucher is not met after the user reduces the copy trading funds
If the copy trading fund is lower than the minimum amount requirement, and the copier's PnL (while the Subsidy Voucher is in use) is negative, the settlement amount will be paid. On the other hand, if the copier's PnL is positive and there are no losses incurred, there will be no subsidy payout.
- c. Automatic Subsidy Voucher settlement followed by the end of a copy relationship
- The copier stops copying the trader
If the copier's PnL (while the Subsidy Voucher is in use) is negative when the copier stops copying the trader, the settlement amount will be paid. On the other hand, if the copier's PnL is positive and there are no losses incurred, there will be no subsidy payout.
- The trader ceases copy trading
If the trader stops sharing their trades and the copier's PnL (while the Subsidy Voucher is in use) is negative, the settlement amount will be paid. On the other hand, if the copier's PnL is positive and there are no losses incurred, there will be no subsidy payout.
- The user is removed from the trader's private copier list
If the user is being removed from the copier list by traders who share trades privately with invited copiers and the copier's PnL (while the Subsidy Voucher is in use) is negative, the settlement amount will be paid. On the other hand, if the copier's PnL is positive and there are no losses incurred, there will be no subsidy payout.
VII. FAQs
Can one Copy Trading Subsidy Voucher be used multiple times?
A Subsidy Voucher can be used once and can only be used to copy one trader. If the copier stops copying the trader after applying the Subsidy Voucher, the Subsidy Voucher will become invalid and cannot be used again.
- What is the exact definition of the validity period of the Subsidy Voucher?
The validity period of the Subsidy Voucher includes the date when you can use it, and the expiration date. If the Subsidy Voucher isn't used during the validity period, it will expire. The Subsidy Voucher in use will be automatically settled upon expiration. Copiers can use the Subsidy Voucher at any time before it expires. The sooner you use it, the longer your copy orders will be protected. Therefore, you are encouraged to use the Subsidy Voucher as soon as possible after receiving it to make full use of it.
Example: A copier received a Subsidy Voucher valid for 7 days on 2023-01-01, which expired on 2023-01-07 24:00 (UTC+8). If the copier used it on 2023-01-02, the Subsidy Voucher could guarantee protection for six days from 2023-01-02 to 2023-01-07. If the copier used it on 2023-01-05, the Subsidy Voucher could only cover three days from 2023-01-05 to 2023-01-07. And if the copier didn't use the Subsidy Voucher before it expired on 2023-01-07 24:00 (UTC+8), it would expire by that time and became void.
- Why can't I use the Subsidy Voucher after receiving it?
Scenario 1: Copy Trading funds are below the voucher's face value.
Scenario 2: The Subsidy Voucher has a threshold, and the amount set for the copy order is below the threshold for using the voucher.
Scenario 3: The Subsidy Voucher is restricted to a certain type of copy trades. For example, if the Subsidy Voucher is applicable to Standard Futures only, but the copier chooses to copy a Perpetual Futures trader, the voucher cannot be used.
Scenario 4: The subsidy voucher has not been used within the validity period and has automatically expired.
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Can Copy Trading Subsidy Voucher be used for all types of copy trading, and can it be used for other types of trading?
If the Copy Trading Subsidy Voucher doesn't specify any restrictions on the types of copy trading, then it can be used on all orders. If it limits the type of copy trading to Perpetual Futures, then it can only be used for copying Perpetual Futures orders. Copy Trading Subsidy Vouchers can only be used in Copy Trading.
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Can traders use Subsidy Vouchers?
To protect the rights and interests of copiers, traders are not allowed to use Subsidy Vouchers at this time.
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How to apply copy trading subsidy voucher for a trader I already copy?
Simply stop copying now and then copy the same trader again.
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I had a single losing trade; why was there no subsidy?
The subsidy value is calculated based on the total copy trading PnL.
If the overall copy trading PnL is positive, a single losing trade will not trigger subsidy.