Spot copy trading: lead trader FAQ

Published on Oct 18, 2023Updated on Oct 30, 20244 min read50
get ready for spot copy tradd

If you're a lead trader, or an experienced spot trader, here's a quick guide to answer any burning questions you might have.

1. What are the requirements to be a lead trader?

To become a lead trader, you must meet the following minimum requirements:

  • Maintain a trading account balance of over 500 USDT.

  • Successfully complete the full identity verification process with us.

2. What's the profit-sharing ratio for lead traders?

The trader's profit-sharing ratio varies with their level, up to 30%. For more details on the levels, please refer to the trader levels guide here.

3. I'm a lead trader in futures copy trading. Do I need to apply again to be one, on Spot?

Yes, you must apply to become a Lead Spot trader even if you're already a futures lead trader. This is because the AUM for futures copy trading is separated from spot copy trading.

4. How many crypto pairs can I lead spot trade with?

You have the opportunity to lead spot trades with 114 cryptocurrency pairs at the time of launch, with more pairs being added gradually. Keep an eye out for upcoming announcements on new cryptocurrency pairs being added!

5. How do I get traffic exposure on OKX?

There are two ways to increase traffic exposure to your profile on our platform. Those are:

  • Have a good strategy for your trading: engage in real trading on your trading account and achieve good results that derive from a solid trading strategy, gauged by PnL% and absolute PnL gains.

  • Have healthy trading habits: implement transparent risk management through stop-loss strategies, prioritizing user-centric trading practices to control drawdowns and protect the earnings of copy traders.

6. What type of trader does OKX prefer and prioritize?

  • Genuine: lead traders who employ a significant portion of their personal capital in their lead trades, assuming the same risk as their copy traders.

  • Reliable: lead traders with well-defined risk control and stop-loss strategies, demonstrating accountability to users, maintaining a low maximum drawdown, setting reasonable stop-loss levels, and striving to secure positive PnL outcomes for copy traders.

7. What are the sorting and ranking criteria for lead traders on the Market board, and what are the requirements to maintain or improve my standing on the board?

  • Promote real trading leadership: the capital invested by lead traders will factor into the ranking algorithm, boosting the rankings of those with higher capital input.

  • Promote long-term stability: the duration of leading real trades will be factored into the ranking algorithm, resulting in higher rankings for traders with longer leading periods.

8. What are the tips for new lead traders?

  • Trading performance is paramount; win rate doesn't guarantee profitability. We value deliberate entries supported by analysis, along with favorable risk-to-reward ratios.

  • Craft a compelling lead trader introduction on your profile. It should provide a brief overview of you as a trader, your trading approach, any leverage or settings you'd like to share with potential copiers, insights into the pairs you typically trade, your weekly trading frequency, and any other pertinent information.

If you haven't used our copy trading product and are keen to be a lead trader with us, apply here.

This article is provided for informational purposes only. It is not intended to provide

(i) investment advice or an investment recommendation;

(ii) an offer or solicitation to buy, sell or hold digital assets; or

(iii) financial, accounting, legal or tax advice.

Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.

Please consult your legal/tax/investment professional for questions about your specific circumstances.

Disclaimer
This content is provided for informational purposes only and may cover products that are not available in your region. It is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold digital assets, or (iii) financial, accounting, legal, or tax advice. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. Information (including market data and statistical information, if any) appearing in this post is for general information purposes only. While all reasonable care has been taken in preparing this data and graphs, no responsibility or liability is accepted for any errors of fact or omission expressed herein. Both OKX Web3 Wallet and OKX NFT Marketplace are subject to separate terms of service at www.okx.com.

© 2024 OKX. This article may be reproduced or distributed in its entirety, or excerpts of 100 words or less of this article may be used, provided such use is non-commercial. Any reproduction or distribution of the entire article must also prominently state: “This article is © 2024 OKX and is used with permission.” Permitted excerpts must cite to the name of the article and include attribution, for example “Article Name, [author name if applicable], © 2024 OKX.” No derivative works or other uses of this article are permitted.