1. What is the maximum number of followers for a Lead Trader?
150. To increase this number, please contact our customer service.
2. Do I need to pay for Spot Copy Trading on CoinW?
You don’t have to pay anything to follow our lead traders but a share of your profit will go to the trader you are following.
3. What are the costs related to copy trading?
Like any other form of trading, copy trading incurs transaction fees, slippage, and other costs. You will also be paying a share of your profit (when you make a profit) to the trader you are following.
4. Are there any hidden fees?
There are no hidden fees and your funds will be safe and transparent with CoinW.
5. When will Lead Traders receive their profit share?
Profit share will be paid to Lead Traders only when their followers have closed their positions in full. Profit share from partially closed positions will be paid upon full position closure.
6. What is the minimum/maximum Copy Trading order size?
By default, the minimum Copy Trading order size is 5 USDT, and the maximum order size is 20,000 USDT.
7. How does 'Fixed Ratio' in Copy Trading work?
When 'Fixed Ratio' is enabled, you will not follow your Lead Trader’s orders to a T. Your actual order size will be your lead trader’s order size multiplied by your preset ratio.
8. How should I choose between all Lead Traders?
It is recommended that you choose one based on their comprehensive performance. Below are some of the indicators you may wish to check:
Return on Investment (ROI): The percentage of profit or loss on their investment. This is the most common metric used to measure the overall success of a portfolio.
Win Rate: The percentage of profitable trades. The higher the win rate, the higher the likelihood of making a profitable trade.
Max Drawdown: The maximum percentage loss their portfolio has experienced. This number should be as low as possible to minimize the risk of significant losses.
Total Assets: The total worth of assets a Lead Trader is trading with. The higher the worth, the more cautious the trader is likely to be about each transaction.
Days as a Lead Trader: The longer they have been a Lead Trader, the more likely they are going to be consistently profitable in the market.
9. Can I transfer the assets purchased from copy trading to my Spot account?
You can only transfer USDT between your Copy Trading account and Spot account.
10. Can I manually close positions established from Copy Trading?
Yes, but .
11. My Lead Trader closed 50% of one position, how much will I be closing mine?
Also 50%. When the Lead Trader successfully sold their assets with a limit order, you will also sell your assets in the corresponding amount, at the same time, with a market order.
12. When Lead Traders sell their assets but I can’t sell all of mine, what happens to these unsold assets?
It will be automatically transferred to your Spot account.
13. Will I be following my Lead Trader’s grid strategy?
Noo.
14. How often should I check my Copy Trading performance?
You should regularly check your Copy Trading performance based on your investment goals, risk tolerance, and strategy to ensure that you achieve your investment goals without suffering serious losses.