This Copy Trading User Agreement and Disclaimer (the “Agreement”) applies to each person who accesses or uses the copy trading services as a copier, trader or other participant. The copy trading services, including copy trading in spot products, futures, contracts for difference and any other supported products, are referred to collectively as the “Service”. By enabling the Service, becoming a copier or trader, or otherwise accessing or using the Service, you acknowledge that you have read, understood and agreed to this Agreement and the Applicable Product Terms. If you do not agree, you must not access or use the Service
 
“Applicable Product Terms” means the customer agreement, risk disclosures, trading rules, fee schedules, contract specifications and other terms applicable to the relevant copied product. For CFD Copy Trading, the Applicable Product Terms include the BingX MetaTrader 5 (MT5) Terms and Conditions as amended from time to time. The legal entity providing a copied product, executing a copied order, or providing the relevant copy trading functionality will be identified in the Applicable Product Terms or product interface (the “Relevant Service Provider”). References in this Agreement to “Platform” mean the Relevant Service Provider and, where applicable, its technology, infrastructure and service providers, solely in their respective capacities.
 
If this Agreement conflicts with the Applicable Product Terms, the Applicable Product Terms prevail in relation to product eligibility, account operation, order execution, pricing, margin, fees, settlement, liquidation, custody and dispute resolution. This Agreement prevails solely in relation to copy trading functionality unless the Applicable Product Terms expressly provide otherwise.
 
Copy trading involves substantial risk. Copied transactions may be leveraged and may result in the rapid loss of some or all funds allocated to the Service.
 
Definitions
 
“CFD” means a contract for difference under which gains or losses are determined by changes in the price or value of a referenced asset without the copier acquiring ownership of that referenced asset.
 
“CFD Copy Trading” means use of the Service to copy or seek to copy transactions in CFDs.
 
“Copied Order” means an order or transaction generated or submitted through the Service in response to a trader’s trading activity or signal. A Copied Order is the copier’s own order and transaction once submitted or executed in the copier’s account.
 
“Trader” means a user whose trading activity or signals are made available through the Service. Unless expressly stated otherwise, a Trader is not an employee, agent, fiduciary or representative of the Platform.
 
CFD Copy Trading Eligibility
  1. CFD Copy Trading is available only to users and in jurisdictions approved by the Relevant Service Provider subject to applicable eligibility requirements.
  2. You must not access CFD Copy Trading through a virtual private network, false location information, another person’s account or any other means intended to evade geographic, legal, regulatory or eligibility restrictions.
  3. The Platform may refuse, restrict, suspend or withdraw CFD Copy Trading where required by law, a regulator, product-governance controls or a reasonable compliance or risk assessment. Subject to applicable law and market conditions, the Platform may cancel pending orders, place an account in reduce-only mode, cease copying new trades, or close or require the user to close existing positions.
  4. Availability of the Service or any CFD in an interface is not a representation that the product is lawful, appropriate or suitable for every user or jurisdiction.
  5. The users, including copiers and traders of the copy trading service, must read the Copy Trading User Agreement (hereinafter referred to as the "Agreement") carefully before accepting the Agreement. By continuing to access or use the copy trading service (hereinafter referred to as the "Service"), you consent to bear all the risks and the loss incurred as provided in the Agreement. Please do not continue to access or use the Service if you do not accept the Agreement.
 

Copy Trading Copier Agreement

  • Copiers need to be aware of the following risks:

    1. Copy trading users may not be able to copy trades during maintenance necessitated by unstable services provided by the network operator or third-party partners, excessive system load, and other reasons, including maintenance or interruption of the MT5 platform, liquidity providers, market-data providers, underlying exchanges or markets, and communication or signal providers.
    2. Copy trading activities may not be executed simultaneously or may be delayed, rejected, only partially executed, executed in a different quantity, or not executed at all, due to time-delayed execution of system instructions, delays in the trading signal from external platforms or market closures, trading suspensions, price movements, margin or position limits, lot-size requirements, liquidity constraints, compliance controls, or other technical or market condition other network issues.
    3. A copier’s opening price, closing price, transaction size, leverage, margin requirement, fees, financing or swap charges, liquidation price and profit or loss may differ materially from those of the Trader. Differences may result from signal and execution latency, price movement, spreads, commissions, account balances, fee modes, lot-size rounding, leverage and position limits, market liquidity, partial execution, margin methodology, existing positions and other market or account-specific conditions. Differences may be substantial during volatile, illiquid or disrupted markets.The opening price, closing price and PnL ratios of copiers may differ as a result of objective factors such as changes in the market and insufficient market depth. Differences will be more significant under more extreme market conditions.
    4. The opening price, closing price and PnL ratios of traders may differ from copiers as a result of changes in the market and insufficient market depth restrictions. Differences will be more significant under more extreme market conditions.
    5. When you use CopyTrade Pro (with Binance traders), you may have a different position ratio and order amount from the trader due to unstable service provided by Binance such as a delay or loss in the trading signal. When traders are using pair trading, grid trading, the Martingale strategy or other strategies that require positions to be strictly aligned, copiers may be unable to copy successfully causing losses or creating unintended directional, leveraged or unhedged exposure.
    6. When using CopyTrade Pro (with Binance traders), due to the differences in margin, liquidation, pricing, fee, leverage, account-balance and position-netting rules between accounts or platform's liquidation rules of different Exchanges, forced liquidation of your orders may be triggered earlier than the trader or may affect different positions from those liquidated in the Trader’s account when there is a significant loss of the position.
    7. According to the execution mechanism of copy orders, take-profit and stop-loss actions will be executed at market price. Due to market volatility, changes in depth, system latency, and network conditions, actual execution prices may deviate from expected ones. If a slippage-control or “0 Slippage” setting is available, it does not guarantee execution at the displayed, trigger or Trader price. Depending on the applicable setting and market conditions, an order may instead be rejected, delayed, partially executed or not copied if it cannot be executed within the applicable toleranceTo ensure execution at the exact expected price with no slippage, users may enable the "0 Slippage" option in the copy trading settings page.
    8. There may be a risk of loss when copying the orders of traders. In the case of improper risk control, you may lose all of your funds allocated to the Service and, where cross-margin or shared-account functionality applies, other funds or positions in the relevant account. Losses may occur rapidly because of leverage. Any protection against a negative account balance applies only where expressly provided by the Applicable Product Terms or mandatory law.balance.
    9. By enabling the Service to copy orders, you authorize the Relevant Service Provider to generate, submit, transmit and/or execute Copied Orders in your account in accordance with the copy parameters you select and the Applicable Product Terms. Except where mandatory law or the Applicable Product Terms provide otherwise, the Platform does not guarantee that a Trader’s signal will be received, accepted or executed, or that any Copied Order will match the Trader’s order in price, time, size, leverage, margin treatment or result. Each Copied Order is entered into for your account. You remain responsible for monitoring your account, maintaining sufficient margin, adjusting your settings, stopping copying and managing or closing your positions. Stopping a copy relationship does not necessarily close existing positions. Before using the Service to copy orders, you should be aware that BingX only provides the copying service of the trading signal, and sends the trading instruction synchronized with the trader to the market under your authorization to deal with the market counterparty. Limited by factors such as changes in market conditions, changes in market depth, and time-delayed execution of system instructions, there is no guarantee that the copied orders will have the same opening (closing) price, opening (closing) time, and profit/loss (profit/loss ratio). The loss incurred thereby is solely at your risk.
    10. Trading strategies and related content may be protected by intellectual property, confidentiality or other rights belonging to the Trader, the Platform or a third party belonging to the trader's intellectual property rights. In order to protect those rights, system integrity traders' rights and interests and to maintain a fair community environment, for all traders, the platform Platform may hide some or all of the key information and features of your copy trades w.here reasonably necessary.
    11. Traders may be removed due to violations, delisting and other reasons which will end the copy trading relationship. To protect the assets of copiers, the system will automatically cancel all copy trades after the relationship ends.A Trader may be removed, suspended or made unavailable because of a violation, product delisting, loss of eligibility, account restriction, commercial decision, legal requirement or other reason. The Platform may terminate the copy relationship and stop future Copied Orders, cancel pending copy instructions or orders, and take other actions permitted under the Applicable Product Terms. Unless expressly stated in the interface or Applicable Product Terms, termination of the copy relationship does not automatically close existing positions. Existing positions remain subject to market hours, liquidity, margin, liquidation and other product rules, and you remain responsible for monitoring and closing them. The Platform may be unable to close a CFD position while the relevant market is closed or suspended.
    12. CFDs do not give you ownership of the referenced asset or any voting, delivery or other ownership rights. Your return is based solely on changes in the applicable CFD price and relevant costs and adjustments.
    13. CFDs are leveraged products. A relatively small market movement may cause a disproportionately large gain or loss. Leverage, margin requirements and position limits may change, including before major economic, political or market events.
    14. CFD markets may close overnight, on weekends or holidays, or may be suspended. During a closure you may be unable to open, modify or close a position. Prices may gap when the market reopens, and stop-loss, take-profit and liquidation orders may be executed at a materially different price from their trigger level.
    15. CFD prices and displayed liquidity may be derived from one or more liquidity providers. Any displayed order book or market depth may be indicative reference liquidity rather than an exchange order book. The displayed mid price may not be an executable price.
    16. CFD costs may include spreads, commissions, swap or rollover charges, conversion effects and other charges disclosed in the Applicable Product Terms. Charges may differ between the Trader and copier and may materially reduce or eliminate profit. Certain positions may incur multiple days of swap charges on a designated day.
    17. Differences in account balance, fee mode, margin, leverage, existing exposure, contract size, lot increments and trading limits may cause Copied Orders to be rounded, reduced, rejected or executed in a different proportion from the Trader’s order. A hedge used by a Trader may therefore not be reproduced or may become unhedged exposure to your account.
    18. The Platform may change a CFD’s margin requirement, leverage, position limit, trading status, reference price methodology or other risk parameter in accordance with the Applicable Product Terms. Such a change may prevent copying, reduce available margin or increase the risk of liquidation.
    19. Performance statistics, rankings, risk scores and other Trader information may be delayed, incomplete or calculated using methodologies that do not reflect your fees, spreads, swap charges, taxes, balance, leverage or execution results. Past, simulated or displayed performance is not a reliable indicator of future results.
    20. The Platform does not guarantee a Trader’s identity, expertise, regulatory status, strategy, accuracy, honesty or continued participation. A Trader may change strategy, increase risk, maintain positions outside the Service, hold conflicting positions, or experience different execution and costs.
       
  • Copiers agree that the platform has the right to adjust the Copy Trading community rules in accordance with a reasonable basis for legal, regulatory, risk-management, market-integrity, security, operational or commercial reasonsthe development direction of the community, including but not limited to : Aadjusting the traders’ profit share from sharing trades or profits from recommending traders.
 

Copy Trading Trader Agreement

  1. Traders agree to comply with the platform's restrictions on accessing the Service after starting sharing trades, including but not limited to:
    1. You will not be able to copy the orders of other traders
    2. Your existing copy orders may be closed
       
  2. Traders agree to comply with the platform's restrictions on the copy trading activities, including but not limited to:
    1. Limits on leverage
    2. Limits on the number of copiers
    3. Limits on the trading volume of your copiers
    4. Limits on the trading pair varieties
    5. Limits on supported product types, CFD assets, lot sizes, margin modes, fee modes and account types
    6. Limits imposed before or during major market events, market closures, rollovers or periods of abnormal liquidity
    7. Eligibility, experience, financial-capacity, compliance and ongoing-monitoring requirements
       
  3. Traders agree that the platform has the right to adjust the Copy Trading community rules in accordance with the development direction of the community, including but not limited to:
    1. Adjusting the traders’ public trading information
    2. Adjusting the traders’ profit share from the share trading or from recommending traders
    3. Adjusting the settlement cycle of the traders’ profit share
    4. Adjusting the traders' ranking rules
    5. Adjusting the trading fees of copied Copied ordersOrders
    6. Hiding some or all key info. of the copy orders on the copier's position page
    7. Adjusting supported CFDs, contract specifications, margin requirements, leverage, lot limits, fee modes, copying ratios and other risk controls
    8. Suspending or terminating the sharing of trades in a product or account where required for legal, compliance, product-governance, market-integrity or risk-management reasons
       
  4. Traders need to be aware of the following risks:
    1. You will not be able to share trades during service maintenance necessitated by unstable services provided by the network operator or third parties, excessive system load, and other reasons.
    2. Your trading activities of shared accounts may not be copied simultaneously or even cannot be copied by copiers due to time-delayed execution of system instructions, a delay of the trading signal from external platforms, and other network issues.
    3. Due to market movements, spreads, signal or execution latency, lot-size rounding, account differences, margin or position limits, insufficient liquidity and other conditionslimitations such as market changes and insufficient market depth, you may have different opening prices, closing prices, position sizes, leverage, fees, liquidation outcomes and P&L ratios from your copiers. And these These differences maywill widen under extreme market conditions.
    4. When you share orders from Binance via API, you may have a different position ratio and order amount from your copiers due to unstable service of Binance such as a delay or loss in the trading signal. You may encounter unsuccessful copy trading and a loss ensued if the trader uses strategies such as hedging, grid trading, martingale trading, etc., that require strict alignment of positions.
    5. If you share orders from external platforms via API, due to the differences in liquidation rules of different Exchanges, the forced liquidation of copiers' positions with a significant loss may be triggered earlier than you.
    6. Your copiers can set TP/SL for their copy orders. However, due to factors such as unstable network, insufficient market depth, price gaps, market closures, trading suspensions, signal delays and external-service interruptionsand unstable external service signal, the actual trigger or execution price might be different from their preset value and there is no guarantee that the closing price or PnL ratio of their orders is the same aswill correspond to the preset value.
    7. For CFD Copy Trading, your copiers may use a different fee mode, balance, margin level, leverage, lot increment or existing portfolio from you. Your hedge or multi-leg strategy may not be replicated and may expose copiers to materially different or unhedged risks.
    8. CFD market closures, holidays, suspensions, liquidity disruptions and price gaps may prevent copiers from copying your closing transaction or may cause their positions to remain open after you have closed yours.
    9. Changes to CFD margin requirements, leverage limits, position limits or contract specifications may affect copiers differently and may cause their orders to be rejected or their accounts to be liquidated.
5. Prohibitions and Penalties:
  1. Share Trading Prohibitions
  2. Traders are prohibited from using multiple accounts for share trading.
  3. Traders are prohibited from plagiarizing the orders of other traders or using another person’s protected strategy, content or data in violation of intellectual-property, confidentiality or contractual right.in any way such as copying other traders' trading strategies.
  4. Traders are not allowed to explicitly or implicitly display their social accounts in the platform's personal profile, avatar, and other places.
  5. Traders are not allowed to express or imply unlawful, obscene, sexually explicit, hateful, threatening, fraudulent or otherwise prohibited content pornographic or reactionary information in the platform's personal profile, avatar, and other places.
  6. Traders are not allowed to increase their copiers or funds by wash trades, coordinated trades, self-dealing, misleading performance presentation or other manipulative activity..
  7. Traders are not allowed to conduct abusive or manipulative ultra-short-term, latency-arbitrage or high-frequency activity prohibited by the Applicable Product Terms.
  8. Legitimate short-term trading is not prohibited unless the relevant product rules expressly state otherwise.
 
Otherwise, BingX shall impose the following penalties depending on the severity of the cases:
  1. Issue a warning
  2. Reduce the weight of the community rankings
  3. Reduce the max. trading leverage or the max. trading volume of all the copiers
  4. Remove the trader from the trader list
  5. withhold, reverse or recover, to the extent permitted by applicable law, confiscate the profit share earned from share trading violations
 
Special Note: The system will Platform may monitor accounts and detect violations based on an automatic recognition algorithm. Therefore, there may be misjudgments. The Platform may take urgent interim action without prior notice where reasonably necessary to protect users, markets, systems or comply with law. If you do not agree with the decision of the Platform, you can contact BingX customer support to appeal.
 

Basic Copy Trading Agreement

 
Users' Rights and Obligations
 
  1. You (copiers and traders) must have full legal capacity to enter into this Agreement, meet the minimum-age requirement, and, if acting for a legal person, be duly authorized to bind it. You must not be prohibited from using the Service under any applicable law, sanction, geographic restriction or contractual obligation.be natural or legal persons who can fully assume legal responsibility.
 
  1. You shall be responsible for the personal data (including documents and other relevant information) provided to the platform and ensure that it is complete, accurate, current and lawfully provided. The Platform may verify and assess that information in accordance with applicable law, the Privacy Policy and its compliance and product-governance proceduresthe data's authenticity and reliability, which will be strictly verified and evaluated by BingX. You will be restricted from trading on the platform if the personal information (such as trading experience, trading strategy, etc.) provided is insufficient or fails to pass the review.
 
  1. You shall not submit others' information without lawful authority or a valid legal basis (such as name, ID number, phone number, or email address) and you will be restricted by the platform from accessing or using its products and services if the information you provide is inaccurate, illegal or invalid.
 
  1. If you want to change your personal information or the account type, you can apply to the platform's online support by submitting a work order, and the platform will process it after reviewing. You are advised to inform the platform of such change in a timely manner, otherwise, you shall solely bear any loss incurred thereby. In order to keep your personal information updated and accurate, you can request the platform to correct or delete the information you consider incorrect. Certain information may be retained where required for legal, regulatory, security, recordkeeping or dispute-resolution purposes.
 
 
  1. You shall be responsible for the custody of your account ID and passwords, and assume legal responsibility for any trading activities in your account.
 
  1. You need to read the relevant terms carefully on the platform's official website, understand the applicable laws and regulations, and bear all the risks incurred by your trading or copy trading activities. The platform does not provide any specific investment advice and does not express any relevant opinions.
 
  1. You must comply with the relevant laws and regulations when posting information on the platform and using the Service. You must not maliciously publish or spread harmful information against laws and social ethics, including text, pictures, audio, video, etc, nor can you publish any defamatory and harmful comments that damage the reputation of the platform.
 
  1. You should check your account information regularly and report to the platform in time if there is an error. If such error is not reported to the platform within 72 hours after the trading instruction is executed, you shall bear any losses and damages incurred thereby.
 
  1. Traders need to keep their trading status updated and accurate so that their copiers can catch up with their trading activities and strategies.
 
  1. Traders must ensure an accurate description of their trading strategies on the platform so that the copiers can make investment decisions based on the description. Traders need to ensure that their trading activities are consistent with the strategy description. Otherwise, the platform will not approve their strategies. In the case of serious loss caused by traders' trading activities, the platform will take actions to interfere with their trading, such as suspending the traders' account or cutting off the share trading with copiers.
 
The Platform's Rights and Obligations
 
  1. The platform has the right to use the information you publish on the platform (such as text, pictures, etc., excluding ID cards, bank cards, and personal and private information) for other legal purposes, such as copying, modifying, adapting, translating, promoting, and analysis.
 
  1. Content, statistics, rankings and other All graphic information on the platform is for the general informational purposes of disseminating useful information to the masses and does not mean that the platform agrees with its messageor endorses it.
 
  1. The platform will not provide or express any advice or opinions on investment. You need to exercise independent thinking and trading.
 
  1. To safeguard the interests and rights of both parties, the platform has the right to evaluate your expertise, experience and adaptability based on the information you provide. The platform will reject information that is unreliable or inaccurate.
 
  1. The platform will not bear any loss incurred by any unauthorized disclosure of the trading data or related information to the platform by any natural or legal persons.
 
  1. On a regular, pre-determined basis (at the sole discretion of the platform), the platform will calculate the Total Amount owing by the platform to the trader. This Total Amount will be derived after netting off all losses against profits for all copy trading transactions carried out by his/her copiers during the relevant period for settling the outstanding Total Amount to the trader (the "Settlement Period"). In the event of any dispute as to the Total Amount owing by the platform to the trader for any given Settlement Period, both parties hereby agree that the calculation methodology employed by the platform is proprietary, final and non-negotiable. The trader is entitled to request a list of the transactions used in deriving the Total Amount and may produce evidence that the platform has not taken into account a transaction or transactions in calculating the Total Amount for the Settlement Period (which the platform (in its sole discretion) may decide to incorporate and revise the Total Amount accordingly). However, the trader is not entitled to question or demand the production of any information relating to the calculation of the Total Amount, including but not limited to computer code, applications, spreadsheets, formulas, equations, or any other database or program used by the platform in this regard.
 
Effectiveness, Amendment and Termination of the Agreement
 
  1. The Agreement shall take effect upon users becoming a copier or a trader on the platform until the termination of this Agreement or breach of contract. Either party can terminate this Agreement at any time. Users need to issue a notice in writing or by mail in advance to terminate the Agreement. The platform will notify you in writing or by email within 7 working days after the receipt of the notice to confirm the termination of the Agreement.
 
  1. The platform reserves the right to modify the relevant terms and the final interpretation of the Agreement in order to safeguard its legal rights and interests and improve the Agreement. The platform will issue a notice on the website (or via email and other messaging channels) before modifying the terms of this Agreement. Users are advised to keep updated with these amendments while using or accessing the Service, and abide by the Agreement and related service agreements. The Agreement shall still be effective regardless of any modification made by the platform of any trading conditions and execution rules.