How do I apply to be a strategy trader?
You will become one once your application is approved.
Do I have to pay a fee to become a strategy trader?
All Bibox users are eligible to become a strategy trader. No fee will be charged.
What are the benefits of becoming one?
You will be able to claim 20% of your followers’ profit if your strategy is profitable.
Will the dividend be credited to me in real-time?
Yes. It will.
What should I do if my followers decide not to share profit with me?
It is not going to happen. All copy trading profit will not be available until it is settled with the strategy trader.
Do I need to operate my followers’ accounts?
No, you don’t. The system will automatically place orders for them once you, as a strategy trader, decide to place orders.
Do I have to pay for the loss incurred?
No. Strategy traders will not receive any dividend if no profit is produced. Bibox will not punish strategy traders.
Note: losses will affect your profit margin, which may damage your trader identity when users choose who to follow.
Is the copy trading ratio kept at 1:1?
No, users will set the copy trading ratio, with which the system will place orders.
Is there any limit imposed on me when I become a strategy trader?
No, but followers can only use a maximum of 10x leverage.
Is there an upper limit on how much value a strategy trader can trade?
Yes. 100,000 USDT in the initial stage
Can I opt-out of this program?
Of course. Just ask our customer service to delete your identity when you have no position.
When will the dividend be distributed?
It will be distributed to you in real-time once your followers decide to stop copy trading.
What do I do if there is an unsettled copy trading dividend after I delete my trader identity?
Please rest assured. All copy trading profit will not be available until it is settled with the strategy trader.
Will there be a scenario where there is too much discrepancy in the average position price?
No. We have a strict risk control mechanism to reduce the slippage of followers and traders. If the market fluctuates too much and the difference between the market price and the opening price of the trader is greater than 0.1%, the follower will no longer follow the order this time and wait for the new order signal.
Are my followers able to copy my trades when I already have positions?
Yes. Copy-trading will only kick in when you close your original position.
Will a follower who has no position does the same when the strategy trader decreases the positions?
No. A position-free follower only follows trades when the strategy trader opens and increases position.
Is there a limit on follower’s copy trading?
Yes. The maximum position value of each follower is 5000USDT, with a default 10x leverage.
Are followers able to operate their positions?
Users can choose to close any position anytime according to their risk tolerance.
Are my followers able to see their copy trading history?
Yes. Users can view the current and history copy trading profit/loss.