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Copy Trading Guide

Biconomy
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1. Copy Trading Tutorial

Copy trading is a type of trading that replicates all operations of other traders.

1.1 How to Perform Copy Trading

Open the Biconomy official website and log into your account. Navigate to the top menu, select "Contract Trading", and then choose "Copy Trading" to enter the Biconomy copy trading page.

On the Copy Trading page, scroll up and down to browse the list of traders. You can filter them by total profit and loss, return rate, trade size, or search for a trader by nickname. Once you have selected your preferred trader, click "Follow Now" to enter the copy trading parameter settings page.


On the Copy Trading Settings page, you can choose between two copy trading methods: Fixed Amount and Multiplier Copy Trading.

  • Fixed Amount: Each copied trade will use a fixed margin amount. (For example, if you set a fixed amount of 100 USDT, when the trader opens a position, you will also open a position with 100 USDT as margin.)

  • Multiplier Copy Trading: The copied trade size is a multiple of the trader's executed order quantity. (For example, if you set it to 3x and the trader opens a 0.1 BTC position, you will open a 0.3 BTC position (0.1 * 3).)

Maximum Copy Trading Margin

  • Sets the maximum margin amount for the current trader's positions, which cannot exceed the specified limit. When the total copy trading margin reaches the set limit, new positions will no longer be opened. Copy trading will resume only when the total margin falls below the set amount.

In the Advanced Settings, you can configure Margin Mode and Copy Trading Stop Loss.

Margin Mode

  • Cross Margin: Uses all available funds in your copy trading account as margin for your positions.

  • Isolated Margin: Allocates a separate margin for each position.

  • Follow Trader’s Settings: Automatically adopts the same margin mode as the lead trader when opening a position.

Copy Trading Stop Loss

  • If your net loss from following a trader reaches the specified amount, your position will be closed at market price, and you will stop following the trader. Due to market fluctuations, the actual net loss at the time of copy trading cancellation may differ from your set amount.

Leverage and Copied Trading Pairs will follow the trader’s settings by default.

After completing all the settings, click "Copy Trade" to finalize the copy trading operation.

1.2 My Copy Trades
On the Biconomy copy trading homepage, click "My Copy Trades".

"My Copy Trades"

【1】 Displays all copy trade profits and losses, as well as the current margin investment amount in copy trades.
【2】 Click to switch between "Current Copy Trades" and "Historical Copy Trades."
【3】 Shows the list of traders in active copy trades along with profit and loss data.
【4】 Copy Trade Details

 

Copy Trade Details

【1】 Displays profit and loss data for the currently followed trader.
【2】 Switch between different data views related to copy trades: "Current Copy Trades," "Historical Orders," and "Historical Positions."
【3】 "Manage Copy Trade" – Modify copy trade parameters.

 

Copy Trade Management / Modify Copy Trade Settings

【1】 Modify the copy trade type: "Fixed Amount" or "Leverage Copy Trading."
【2】 When the copy trade amount is insufficient, you can adjust funds by "Transfer" or "Deposit."
【3】 Adjust "Margin Mode". When the current trader has open positions, changing the margin mode is prohibited.
【4】 "Cancel Copy Trade": After confirmation, if there are any open positions, all positions with the current trader will be closed at market price, and the copy trade will be canceled.

1.3 How to Choose a Trader

【1】 You can filter suitable traders for copy trading by "Total Profit and Loss," "Return Rate," and "Copy Trade Size."
【2】 You can search for a trader by their nickname to follow them.
【3】 Click on a trader to view their detailed information.

【1】 View the copy trader's information, copy trade size, profit-sharing ratio, etc., to decide whether to follow them.
【2】 Switch to view the copy trader's transaction data, historical position information, and profit/loss of copy trading users to decide whether to follow them.
【3】 Check the current positions of the trader you're following to determine whether to continue copying.
【4】 The above conditions should be assessed based on your actual situation. It is recommended to make judgments; however, they are for reference purposes only and may not hold significant practical value.

2. Copy Trading Guide
2.1 Apply to Become a Trader
Go to the Biconomy copy trading page and click on "Apply to Become a Trader."

  • Before applying to become a trader, you must cancel all copy trades and transfer the assets from your copy trading account to another account.

Fill in the basic information on the application page, and submit your application once completed. The review process will take 1-7 business days.

2.2 How to Conduct Copy Trading as a Trader
After becoming a trader, simply trade on the contract trading page. Once an order is executed, the signal will automatically be sent to the follower's account, and the follower's account will copy the trade at market price.

View Historical Copy Trading Positions

2.3 Copy Trading Settings
Go to the Biconomy Copy Trading page and click on My Copy Trading.

My Copy Trades

Copy Trading Settings

  【1】Current Copy Trading Data

  【2】Feature List: Switch between Current Copy Trades, Historical Copy Trades, Copy Traders, Profit Sharing, and Settings

  【3】Position Information in Current Copy Trades

 

Copy Trading Settings

【1】Modify Nickname: The modification will be reviewed within 1-7 business days after submission.
【2】 Change Avatar
【3】 Copy Trading Pairs: Adjust the trading pairs that suit you for better ranking and improved trading performance.
【4】 Minimum Copy Trading Amount: Set the minimum amount to filter suitable copy traders based on their funds.
【5】 Public Domain & Private Domain:

  • Adjusting the Public Domain and Private Domain will not affect existing copy traders.

  • Public Domain allows anyone to join your copy trading, while Private Domain requires the correct key to join.

【6】Profit Sharing Ratio:

  • Modifications to the profit sharing ratio will not immediately affect existing copy traders. The new ratio will take effect only after rejoining copy trading.

  • Increasing the profit sharing ratio can boost your earnings, but an excessively high ratio may discourage users from continuing to follow you.

【7】Cancel Copy Trading: Cancel the copy trading. Positions in the current copy trades will be closed at market price, and the profit share will be settled after the next settlement period.

3. Profit Sharing
3.1 Profit Sharing Rules

【1】Copy traders can set the profit sharing ratio from 0% to N%.

【2】After a change in the profit sharing ratio, the new ratio will apply only when the user re-engages in copy trading. Existing users will continue based on the previous ratio.

【3】Settlement Method:

  1. When a copy trader closes a position, if the trader’s position is profitable and meets the profit-sharing requirement (profit-sharing ratio > 0, and the position is profitable), the system will pre-deduct the bonus from the copy trader’s account, and settle it at midnight (UTC0) the next day. The actual realized profit is the commission paid to the trader.
  2. If the actual profit received is lower than the pre-deducted bonus, the excess will be refunded to the copy trader’s account. The remaining part will be settled with the trader.
  3. Special Cases:
    •  If the user has open positions, profit sharing will not be settled until those positions are closed. The settlement will occur on the next day or when there are no open positions at the next midnight settlement time.
    •   Example: A copy trader follows a trader’s order. On that day, ten orders are placed, of which eight are profitable with 200 USDT and two have a loss of 50 USDT.

               Deducted Profit Sharing: 200 * 10% = 20 USDT

             Cumulative Realized Profit on the Second Settlement Day: 200 - 50 = 150 USDT

             Trader’s Actual Profit Sharing: 150 * 10% = 15 USDT

             Excess Profit Sharing Deducted and Returned to the Copy Trader: 20 - 15 = 5 USDT

             Copy Trader’s Realized Profit on That Day: 200 - 50 - 20 + 5 = 135 USDT

3.2 How to Check Profit Sharing Data
After becoming a trader, go to My Copy Trading -> Profit Sharing to view your profit-sharing data.

【1】Select Profit Sharing
【2】 View current Pending Profit Sharing and Historical Profit Sharing
【3】 Estimated Pending Profit Sharing: The pending profit sharing data will change according to the profit and loss from opening and closing positions. The estimated pending profit sharing is for reference only before the actual profit sharing is settled. There might be delays in the data in some cases.
【4】 List of estimated pending profit sharing after the copy trader’s profit: The data will change according to the position changes after opening and closing trades.

 

4. Reasons for Differences in Opening and Closing Prices Between Copy Traders and Original Traders

  • The opening and closing prices for copy traders are executed at market prices, so the position prices for each copy trader may vary.

 

5. Reasons for Copy Trader’s Opening and Closing Failures

  • The single copy amount is insufficient to meet the minimum opening requirements. You can increase the single copy amount to ensure successful copying. Please refer to the contract trading restrictions for the minimum order quantity for different contract pairs.

  • The maximum copy trading margin has reached the upper limit. You can adjust the maximum copy trading margin or close positions and re-open trades once the margin is below the upper limit.

  • Insufficient funds in the copy trader’s account. You can transfer funds into the copy trading account to ensure successful trades next time.

  • Price difference protection exceeded: To prevent excessive differences in the opening prices between the copy trader and the original trader, which could lead to significant discrepancies in profits, the copy trader will not open the position if the price difference is more than 0.5% from the original trader’s opening price.

  • Other: Due to market fluctuations, liquidity depth, or other objective factors, in extreme cases, the copy trader may fail to close all positions due to trading restrictions or other uncontrollable anomalies caused by sudden market changes.

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