The Terms, Rules, and Important Matters for Traders in the use of Bitrue’s (Hereinafter also referred to as “We” “Us” “Our” “Platform” “Website”) Copy Trading services (“Service”) are set out below. Please carefully read this agreement and familiarize yourself with the content and conditions contained herein. You will be deemed to have agreed on and to be bound by this Agreement together with any other Service Terms, User Agreement, Privacy Policy, other applicable Policies of this Website, and any modifications and changes we made to these Agreements and Policies from time to time by submitting a Request or applying To become a Trader (“Trader”) in Copy trading transactions (“Application”).
We will review your Application as soon as practicable after your submission. Once your Application is approved, you will become a Trader.
By continuing to access or use the Copy Trading services of our Platform (Hereinafter also referred as “Service”), you agree to bear all risks and assume losses arising therefrom. If you do not accept any Terms or Conditions of this agreement, please immediately cease your access to and use of our Service.
- Qualifications To Become A Trader
We are entitled to make our own judgment and assessment of your trading level and quality based on your past performance and adjust your rights and interests as a Trader accordingly. We may take actions including but not limited to canceling your Trader qualification or suspending your Trader Account if you do not meet the following criteria (which you should have as a decent Trader):
1) Professional and Mature Trading Strategies;
2) Excellent and Consistent Trading Performance;
3) Sound and Integrated Risk Control System.
- Obligations And Responsibilities Of A Trader
1) You, as a Trader, agree to comply with the Platform‘s restrictions on accessing the Service after starting Copy trading, including but not limited to:
- You shall not copy the Orders of other Traders;
- Your existing Copy orders may be closed.
2) You, as a Trader, agree to comply with the Platform‘s restrictions on Trading activities, including but not limited to:
- Limits on Leverage;
- Limits on the Number of Followers;
- Limits on the trading volume of your Followers;
- Limits On The Trading Pair Varieties.
3) You, as a Trader, agree that the Platform has the right to adjust the copy trading community rules in accordance with the development direction of the community, including but not limited to:
- Adjusting the Traders’ public trading information;
- Adjusting the Traders’ profit share from copied trades or from recommending traders;
- Adjusting the settlement cycle of the Traders’ Profit share;
- Adjusting the rules in respect of Traders‘ ranking;
- Adjusting the transaction fees.
4) Traders must ensure an accurate description of their trading strategies on the Platform so that the followers can make investment decisions based on the description. Traders need to ensure that their trading activities are consistent with the strategy description. In the case of material loss caused by Traders‘ trading activities, the Platform will take actions to interfere with their trading, such as suspending the Traders’ account or cutting off the share trading with Followers.
5) You, as a trader, should follow the following rules:
- Traders shall not make any negative comments that are defamatory and damaging to the reputation of Bitrue;
- Traders shall not promise Followers returns in order to attract Followers to follow them;
- Traders shall endeavor to help Followers make a profit and consider the risks of followers in a timely manner;
- Traders are prohibited from using high-risk trading strategies and endeavor to avoid uncontrollable risks for Followers;
- Traders are prohibited from displaying, disclosing, or implying social accounts or contact information in nicknames, personal profiles, and other contact information;
- Traders are prohibited from using multiple accounts to trade against each other and will be permanently disqualified if such actions are found by us;
- Traders shall not engage in malicious operations, including but not limited to malicious swiping to increase the number of Followers or Funds or to pursue high yields or high commissions. Traders will be permanently disqualified if found to have done so;
- Traders are prohibited from plagiarizing the orders of other Traders in any way such as copying other Traders‘ trading strategies.
6) For Traders who violate the aforementioned Rules, the Platform may take the following actions depending on the seriousness of the Case, including but not limited to:
- Issuing a Warning;
- Demotion of Ranking Position
- Cancellation or Downgrading of Trader Qualification;
- Forfeiting Profits earned from violating Trading Rules;
- Freezing or Permanent Closure of the Trader‘s Account;
- Suing the Trader for Damages via Legal Proceedings.
- Profits Sharing
We will allocate different rights and profits sharing ratios to Traders according to their level and qualifications:
1) The default profit-sharing ratio of the Platform is 10, Traders can modify it by themselves, the range of modification is 0-20%.
2) After the completion of the modification, new Copy Trading Followers will share profits in accordance with the latest profit-sharing ratio, and the profit-sharing ratio of historical Followers will remain unchanged, that is, calculated in accordance with the profit-sharing ratio before the modification.
- Risks
You, as a Trader, may encounter various risks during the process of copy trading, including but not limited to:
1) You will not be able to trade during service maintenance necessitated by unstable services provided by the network operator or third parties, excessive system load, and other reasons;
2) Your trading activities of shared accounts may not be copied simultaneously or even cannot be copied by Followers due to time-delayed execution of system instructions, a delay of the trading signal from external platforms, and other network issues;
3) Due to market limitations such as market changes and insufficient market depth, you may have different opening prices, closing prices, and PnL ratios from your Followers. These differences will widen under extreme market conditions;
- Disclaimers
1) The Services provided by the Platform are only for the purpose of liaising information between the Follower and Traders to facilitate their communication. The Platform does not make any substantive statement or guarantee on trading strategies, the counterparty to a transaction, or trading services;
2) Traders are not employees, agents, or contractors of the Platform. The Platform does not assume any liability or responsibility, in contract or in tort, by statute or under common law, to any Followers or any third party for any loss, damages, or consequences, directly or indirectly, arising out of or in connection with any acts, trading strategies, representations or descriptions made by the Traders.
3) The funds provided by Bitrue for Super Trader copy trading (including the initial allocation and weekly top-ups) always remain the property of Bitrue. Super Traders have the right to use these funds only during copy trading. Regardless of any losses or profits, they are not related to the Super Trader.