Copiers | What Is Copy Trading Subsidy Voucher
2023-02-11 15:05
Overview:
1. What is the Copy Trading Subsidy Voucher?
2. Advantages of Copy Trading Subsidy Voucher
3. How to Use Copy Trading Subsidy Voucher?
4. How is the Subsidy Paid Out?
5. How to Get Copy Trading Subsidy Voucher?
6. FAQs
1. What is Copy Trading Subsidy Voucher？
The "Copy Trading Subsidy Voucher" is a subsidy-type voucher used by the copier when copying a trade. The subsidy amount for the Copy Trading Subsidy Voucher is based on the total profit and loss of the trades copying a trader. Subsidy will only occur when the total PnL is negative, up to the amount of losses in USDT (maximum equal to the face value of the voucher). If a single order incurs a loss while the overall copy trading PnL is positive, no subsidy will be made, and the copy trading funds must exceed the voucher's face value.
2. What are the advantages of Copy Trading Subsidy Voucher?
Innovator of the feature to safeguard user fund
BingX is the first crypto exchange to launch Copy Trading Subsidy Voucher. With the Subsidy Voucher, users who generate losses in their copy orders will receive a subsidy in USDT, thus enjoying worry-free copy trading.
Easy and beginner-friendly navigation
Copiers only need to apply the Subsidy Voucher in the Copy Settings to have their copy orders protected, and free them from the worry of losses.
Direct settlement and simple procedure
Copiers only need to make sure that they apply the Copy Trading Subsidy Voucher when copying trades. If there are any losses incurred during the validity period of the voucher, the system will settle the claim automatically.
3. How to Use Copy Trading Subsidy Voucher?
Step 1: Check My Vouchers.Log in to BingX app, click "Avatar" in the upper left corner and click" My Vouchers" to check the details of your Copy Trading Subsidy Voucher.
Step 2: Select the trader you want to copy (How to choose a trader>>), click on Copy, then click Subsidy Voucher on the copy order settings page.
Please Note:
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.
4. How is the Subsidy Paid Out?
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:
a. 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.
b. The requirement to use the 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.
5. How to get the Copy Trading Subsidy Voucher?
Please keep an eye on our official events. Participate in the events and you'll stand a chance to win the Copy Trading Subsidy Voucher.
Copy Trading user feedback>> (If feedback is adopted, the user might get a reward of Copy Trading Subsidy Voucher.)
6. 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 voucher as soon as possible after receiving it to make full use of the subsidy voucher.
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.
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.
Can traders use Subsidy Vouchers?
To protect the rights and interests of copiers, traders are not allowed to use Subsidy Vouchers at this time.
Contact Us
Suggestions & Feedback on our features: https://bingx.com/feedback/?referPath
BingX Operation Team
2023-10-07
BingX Official Channels
BingX App: https://bingx.com/download/
BingX Web: https://bingx.com
Telegram: https://t.me/BingXOfficial
Twitter: https://twitter.com/BingXOfficial
YouTube: https://www.youtube.com/c/bingx
Risk Disclaimer
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material is for reference only and should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BingX is not responsible for any losses you may incur.
BingX attaches great importance to compliance and has strictly abided by local regulations. Please obey local laws and regulations in your country or region. BingX reserves the right in its sole discretion to amend, change, or cancel this announcement at any time and for any reason without prior notice.
For more information, please refer to our Terms of Use and Risk Warning.
