This Trader Copy Trading Agreement (hereinafter referred to as the "Agreement") is made between you (referred to as "you" or "Trader") and Megabit (referred to as "we" or "the Platform"), governing your participation as a trader providing copy trading services on the Platform. By applying to become a trader, you agree to comply with the terms and conditions of this Agreement.
1. Trader Application Requirements
By becoming a trader, you will gain the qualification to lead trades that other users can follow and replicate, while also earning commissions from follower profits. To apply, you must meet the following requirements:
1.1 KYC Verification: Traders must complete the Platform’s KYC (identity verification) process. Users who have not passed KYC cannot apply to become a trader.
1.2 Asset Requirement: Traders must ensure that their contract account equity is at least 500 USDT. Equity refers to the sum of the account balance and unrealized profits and losses.
1.3 Trading Requirements:
- Traders are not allowed to follow other traders’ operations.
- Prior to applying, traders must clear all contract orders and open positions.
- If there are any open positions or pending contract orders, they must be closed or canceled before applying to become a trader.
2. Trader Code of Conduct
As a trader on the Platform, you are required to adhere to the following code of conduct:
2.1 No Promises of Profit: Traders must not promise profits to attract followers. Any form of profit guarantee is considered a violation.
2.2 Prioritize Follower Interests: Traders should make every effort to help followers achieve profits while managing risks. Engaging in fake trades to chase high commissions is strictly prohibited.
2.3 No High-Risk Strategies: Traders must avoid using high-risk, high-reward strategies that may expose followers to uncontrollable risks.
2.4 No Disclosure of Personal Information: Traders must not display or imply personal trading information (e.g., phone numbers, emails, social media accounts) in their usernames, personal bios, or other profile details.
2.5 No Multi-Account Trading or Fake Trades: Traders are prohibited from using multiple accounts for copy trading or engaging in self-matching trades. Violations may result in permanent disqualification.
2.6 No Malicious Activities: Traders must not engage in malicious activities, such as artificially inflating follower numbers or capital through fake trades. Violations will result in permanent suspension of the trader account.
2.7 Violation Penalties: If a trader violates any terms of this Agreement, the Platform reserves the right to immediately revoke their trading qualification and recover any illicit gains. Further services will be permanently suspended.
2.8 Account Deactivation and Ongoing Positions: If a trader’s qualification is revoked, the current follower positions will remain active. Traders should be fully aware of this and manage their operations accordingly.
2.9 Handling of Abnormal Trades: The system will continuously monitor trader activities. If abnormal trading behavior is detected, the Platform reserves the right to prohibit the trader from continuing copy trading and take appropriate action.
3. Trader Ranking and Revenue Sharing
The Platform provides a ranking mechanism for traders. Higher-ranked traders enjoy a higher revenue-sharing percentage. The ranking and profit-sharing rules are as follows:
Tier | Futures Equity (USDT) | Profit-Sharing |
Bronze | ≥ 500 | 12% |
Silver | ≥ 2000 | 15% |
Gold | ≥ 5000 | 18% |
Platinum | ≥ 10000 | 20% |
Diamond | ≥ 30000 | 25% |
Elite | ≥ 50000 | 30% |
Ranking and Promotion Rules
3.1 Equity-Based Ranking: Trader rankings are determined by the equity in their futures accounts (balance + unrealized profit/loss).
- Ranking upgrades take effect in real-time, with the Platform adjusting the trader’s rank based on their latest equity.
3.2 Revenue Sharing Calculation: Profit-sharing is calculated based on the profit generated by followers. The higher the trader’s rank, the higher the revenue-sharing percentage.
3.3 Downgrade Mechanism: If a trader’s equity falls below the requirement for their current rank, the system will automatically downgrade their rank within 24 hours, and the corresponding profit-sharing percentage will be adjusted.
4. Service Fees and Commission
4.1 Copy Trading Service Fees: The Platform charges a certain percentage of trading fees for copy trades. The specific rate is subject to the Platform’s announcements.
4.2 Commission Distribution:
- Commissions are settled daily at midnight (00:00 UTC), provided that the trader has no open positions at the time of settlement.
- If there are open positions, the settlement will be postponed until the next midnight.
- Once settled, the commission will be credited directly to the trader’s account and can be withdrawn or used for further trading.
4.3 Fee Adjustments: The Platform reserves the right to adjust service fees and profit-sharing rules based on market conditions, with prior notice to traders.
5. Agreement Modification and Termination
5.1 Agreement Revision: The Platform reserves the right to modify this Agreement. Revised terms will be published on the Platform and take effect immediately. By continuing to provide services, the trader accepts the updated Agreement.
5.2 Agreement Termination: If a trader violates the terms or engages in improper behavior, the Platform has the right to unilaterally terminate their qualification as a trader.
6. Risk Disclosure and Disclaimer
6.1 Market Risk: The digital asset market is highly volatile and involves significant risk. The Platform is not responsible for any losses incurred by traders or followers due to market fluctuations.
6.2 Technical Risk: System failures and network issues may lead to delayed or failed transactions. The Platform is not liable for any resulting losses.
6.3 Trader Responsibility: Traders are solely responsible for all actions taken on the Platform. The Platform does not assume any liability for losses caused by trader operations.
7. Agreement Effectiveness and Interpretation
7.1 Effective Date: This Agreement becomes effective once the trader completes the application and begins providing copy trading services. It is legally binding on both parties.
7.2 Interpretation: The final right of interpretation for this Agreement belongs to the Platform.
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