This "Copy Trading User Agreement" ("Agreement") is an agreement between you ("You," "Your," or "User") and Megabit ("We," "Our," or "Megabit"). This Agreement sets out the terms and conditions under which you use the Copy Trading Services ("Copy Trading Services") through megabit.vip or any of our related websites, application programming interfaces, or mobile applications (collectively referred to as the "Platform").
If any provisions of this Agreement conflict with Megabit’s Terms of Service, Privacy Policy, Disclaimer, or any other agreements you have entered into with Megabit, the terms of this Agreement shall prevail. We recommend that you carefully read and fully understand the terms of this Agreement before using our Copy Trading Services.
By using the Copy Trading Services, you acknowledge and agree to be legally bound by the terms and conditions of this Agreement and any terms, rules, or guidelines we may issue from time to time related to the Copy Trading Services.
1. Definitions
1.1 Copy Trading: Refers to the act of users following the trading strategies of other users (i.e., copy traders) and automatically executing trades through the Platform's Copy Trading Services.
1.2 Trader: Refers to a user who conducts public trading on the Platform and allows other users to follow their trades.
1.3 Copy User: Refers to a user who chooses to follow a trader's strategies for trading.
1.4 Platform: Refers to the Megabit digital asset trading platform and its associated services.
2. Service Content
2.1 Copy Trading Functionality: The Platform provides a copy trading feature that allows copy users to automatically follow the trading strategies of a trader. After selecting a trader, the Platform will automatically replicate the trader’s trading actions, executing corresponding buy or sell operations.
2.2 Information Disclosure: You should carefully evaluate the authenticity, legality, and effectiveness of the trading data. The Platform is not obligated to verify the data and information provided by the traders, nor their trading behavior, trading history, or any other trading-related information.
2.3 Trade Execution: When a copy user initiates a copy trade, the Platform will automatically execute the trade based on the trader’s instructions. All copy trades are automatically completed by the Platform without requiring user manual intervention.
2.4 Service Fees: Traders may charge a copy fee when providing strategy-based trading services. The Platform may also charge service fees based on the type of trade or strategy provided. For specific fee standards, please refer to the Platform’s rate description.
3. Responsibilities and Obligations of Copy Users
3.1 Voluntary Participation: You understand and confirm that using the copy trading service is completely voluntary. You should ensure that you fully understand the risks involved and bear all risks and losses that may arise from participating in the trades.
3.2 Risk Tolerance: You should assess your risk tolerance and determine whether to participate in copy trading based on your financial situation. The Platform is not responsible for any losses or damage arising from copy trading.
3.3 Authenticity of Information: You should carefully evaluate the authenticity, legality, and effectiveness of the trading data. The Platform is not obligated to verify the data and information provided by traders, nor their trading behavior, trading history, or any other trading-related information.
3.4 Compliance with Platform Rules: While using this service, you must comply with the Platform's operational rules and policies, including but not limited to prohibiting malicious market manipulation, unfair trading, and other misconduct.
3.5 Account Security: You must take reasonable steps to ensure the security of your account information and password. If you discover any unauthorized trades or security incidents, you should immediately notify the Platform.
4. Trader Responsibilities
4.1 Honest Trading: As a trader, you commit to trading with honesty and integrity, avoiding the publication of misleading or false trading signals.
4.2 Prohibition of Violations: You shall not engage in any actions that may lead to market manipulation, fraudulent trading, or other unfair trading activities. If the Platform discovers any violations, it has the right to suspend or terminate your copy trading qualification.
4.3 Accuracy of Public Information: As a trader, you must ensure that all trade histories and risk profiles displayed on the Platform are truthful, accurate, and complete. If any information is found to be significantly inaccurate, you will be fully responsible for the consequences.
5. Service Limitations and Termination
5.1 Service Limitations: The Platform has the right to adjust or limit the content, functionality, or scope of the Copy Trading Services as needed. You agree to these adjustments while using this service.
5.2 Service Termination: The Platform has the right to terminate your copy trading service unilaterally in the following cases:
- You violate any terms of this Agreement;
- Your actions are suspected of being illegal or violating Platform rules;
- Legal, regulatory requirements, or Platform policies change, preventing the Platform from continuing to provide the service.
5.3 Prior Notice: The Platform will make reasonable efforts to notify you in advance about the termination of the service, but in special circumstances, the Platform may terminate the service without prior notice.
6. Risk Disclosure
6.1 Price Volatility Risk: The digital asset market is highly volatile, and trading or investing in digital assets carries substantial risk. The Platform is not responsible for any losses incurred while using the Copy Trading Services.
6.2 Liquidity Risk: Insufficient market liquidity may lead to the inability to complete trades at the expected price, resulting in potential losses.
6.3 Technical Risk: Copy trading may be delayed or fail due to system failures, network issues, or other technical problems. The Platform is not responsible for any losses caused by these issues.
6.4 Irreversible Risk: Once a trade is executed, it cannot be undone or modified. Users should proceed with caution.
6.5 Legal Risk: Different countries have varying regulations regarding digital assets, and using this service may involve different legal risks. Users should evaluate and comply with local laws and regulations.
7. Limitation of Liability
7.1 Platform Disclaimer: Unless otherwise stated in this Agreement, the Platform does not make any promises or guarantees regarding the results of copy trading, including but not limited to profitability, losses, or successful trades. You agree to bear all risks and losses arising from the use of the Copy Trading Services.
7.2 Loss Liability: The Platform is not responsible for any losses caused by technical issues, network attacks, market anomalies, or other unforeseen factors.
7.3 User Responsibility: You are fully responsible for any actions, trades, or behaviors on the Platform. The Platform is not liable for any losses resulting from your actions or decisions.
8. Modifications and Updates
8.1 Agreement Revision: The Platform has the right to modify this Agreement at any time. The revised Agreement will be published on the Platform and will take effect immediately. Users should regularly check for the latest version of the Agreement, and continued use of the service signifies acceptance of the latest terms.
8.2 Notification of Changes: If there are significant changes to this Agreement, the Platform will notify users in advance via platform announcements, emails, or other methods.
9. Applicable Laws and Dispute Resolution
9.1 Applicable Law: This Agreement is governed by the laws and regulations of the jurisdiction where the user resides.
9.2 Dispute Resolution: If any disputes arise in the performance of this Agreement, both parties should resolve them through friendly negotiation. If negotiation fails, either party may file a lawsuit with the court having jurisdiction at the Platform's location.
10. Other Provisions
10.1 Entire Agreement: This Agreement constitutes the entire agreement between you and the Platform regarding the Copy Trading Services and supersedes all prior verbal or written agreements.
10.2 Validity of Provisions: If any provision of this Agreement is deemed invalid or unenforceable, it will not affect the validity of the remaining provisions.
11. Effectiveness and Interpretation of the Agreement
11.1 When you access or log into the Platform’s copy trading page, click to confirm acceptance of the terms of this Agreement, or begin any form of copy trading operation through the Platform, it indicates that you have agreed to and accepted all the terms of this Agreement, which is legally binding on both parties.
11.2 The final interpretation of the use and participation rules of the Copy Trading Services and this Agreement rests with the Platform.
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