To enhance copy trading efficiency and improve the trading experience, please carefully read the following FAQ. Thank you for your support and cooperation!
1. How to Apply to Become an Echobit Copy Trader?
① Visit the Echobit official website, go to "Trader Recruitment" > "Join Now";
② Fill in the required information and read and agree to the Echobit Trader Agreement;
③ Once approved, you will officially become a copy trader.
2. How Do Copy Traders Earn Profits? What is the Settlement Method?
Once approved, copy traders can customize their profit-sharing ratio.
Profit-sharing is settled the next day at 08:00 (UTC+8).
3. Why Does the Return Rate Fluctuate?
Echobit calculates returns using a time-weighted return (TWR) method. The return rate may fluctuate due to unrealized profit and loss from open positions, which is a normal occurrence.
4. Copy Trader Position Opening Restrictions
① If a copy trader opens multiple positions within 500ms, only the first order will be copied, and the rest will not be executed.
② To prevent copy trade failures, avoid frequent position openings within a short period.
5. Copy Trader Return Calculation Rules
Return Rate Formula:
Total Return Rate = Current Return Rate + Accumulated Historical Return Rate
Current Return Rate = (Ending Assets - Initial Assets) / Initial Assets × 100%
Initial Assets: The balance after a fund transfer.
Calculation Cycle: Each fund transfer updates the initial capital, and the return rate is recalculated accordingly.
Carried Forward Returns: Once a transfer occurs, the current return rate is recorded and added to the total return rate.
6. Position-Based Copy Trading Considerations
① Avoid Large Deposits While Holding Positions
Large deposits may reduce the trader’s position ratio, causing followers to adjust their positions automatically, leading to forced reductions.
② Avoid High-Leverage, Large Positions in Small-Cap Tokens
Factors such as market depth and price slippage may cause differences between the copy trader's and follower’s entry/exit prices and returns. In extreme market conditions, the trader may profit while followers incur losses.
③ Avoid Hedging, Grid, Martingale, or High-Frequency Strategies
These strategies require precise position matching between traders and followers. Due to liquidity and market depth limitations, discrepancies may lead to failed copy trades or losses.
Disclaimer
Copy traders must strictly adhere to Echobit’s rules and are prohibited from manipulative actions (e.g., wash trading, self-trading, etc.). If risk control measures are triggered, Echobit reserves the right to handle the affected accounts and funds.
Echobit retains the right to modify or cancel these rules at any time without prior notice.
The final interpretation of these rules belongs to Echobit.
Thank you for choosing Echobit! We will continue to provide you with an efficient and secure trading experience.
Echobit Team
