Binance Futures has introduced a new feature, Copy Trading now available on both platforms, binance website and the app.
This feature allows users, referred to as “Copy Traders,” in eligible regions to duplicate the real-time futures trading strategies of experienced traders, referred to as “Lead Traders,” effortlessly.
Copy Traders can gain insights into trading strategies and learn from the expertise of Lead Traders. In return, Lead Traders will receive a 10% share of the profits made by their Copy Traders, along with a 10% commission on the trading fees generated by them. Additionally, Lead Traders will enjoy exclusive benefits.
There are two modes of Copy Trading: Fixed Amount and Fixed Ratio. Copy Traders can assess the performance of Lead Traders’ portfolios, including metrics like ROI (Return on Investment) and PnL (Profit and Loss), to choose strategies that match their risk tolerance.
The introduction of Binance Futures’ Copy Trading feature offers a promising opportunity for users to learn and profit by following experienced traders’ strategies.