WEEX Copy Trading Pro: Trader Profit Sharing

Dear WEEX users,

This article is about traders’ profit-sharing on WEEX Copy Trading Pro.

Traders can earn 10% of the profits generated by their followers as a profit share. The profit share calculation is as follows: Profit Share = (Follower's Profit - Fees) * 10% = Net Profit * 10% The profit share will be settled on a daily basis.

I. Settlement

1. When the trader closes a position, the system will deduct the estimated profit from the follower’s account in advance if the follower has made a profit that meets the minimum requirement for profit-sharing. The follower’s actual profit sharable for copy trading that day will be paid at 12:00 A.M. the next day. Such "actual total profit" will be the amount payable to the trader.
2. If the actual profit sharable is less than the deducted profit from the follower’s account, then the over-deducted amount will be refunded to the follower, and the residual amount will be paid to the trader.
3. If the futures used by the trader for initiating a copy trade is a Coin-Margined Futures, the shared profit will be distributed in that particular coin. However, it will be displayed in equivalent USDT on the profit-sharing page of the APP, based on the exchange rate on the distribution day.

II. Profit-sharing requirements

1. If the follower is not following any open positions of the trader (meaning all his positions have been closed), the profit to be shared will be distributed the next day.
2. If there are still open copy trading positions, the profit share will not be paid until the last post is closed. In that case, the profit share will be paid the next day in aggregate.

III. Profit-sharing account

The futures account used by the trader to receive the shared profit should be the same as what he uses to initiate a copy trade.

For example: If the trader initiates a copy trade of BTC/USDT, the profit to be shared will be distributed to trader's BTC/USDT futures account the next day. If the trader initiates a copy trade of BTC/USDT, the profit to be shared will be distributed to trader's BTC/USDT futures account the next day.

If the trader initiates a copy trade of BTC/USDT, the profit to be shared will be distributed to his BTC/USDT futures account the next day. Examples

"Profit to be Shared" includes: Profit sharable from history orders and profit sharable from the orders closed on the current day.

If the profit from the closed positions is positive, the Profit to be Shared Today is expected to grow. If the profit from the closed positions is negative, the Profit to be Shared Today is expected to decrease.

For example:

User A / B / C / D is following Trader M with positions featuring the following futures: BTC / USDT, ETH / USDT, BCH / USD.

Scenario 1:

v.

In this case, 0.1 BCH * 10% = 0.01 BCH will be deducted from the follower’s account in advance; then, the trader will receive his profit share of 0.01 BCH the next day. If the exchange rate on the profit distribution day is 1 BCH for 350 USD, the profit-sharing data shown on the homepage would be 3.5 USDT.

Scenario 2:

User B has followed Trader M to open positions with BTC / USDT, ETH / USDT and BCH / USD, and closed all of them prior to the settlement date, with respective profits being 30 USDT, 20 USDT and - 0.1 BCH.

In this case, 30 USDT * 10% + 20 USDT * 10% - 0.1 BCH * 10% will be deducted from the follower’s account in advance. If the exchange rate on the profit distribution day is 1 BCH for 300 USD, the trader will receive 5-3=2 USDT the next day.

Scenario 3:

User C follows trader M in opening BTC/USDT, ETH/USDT, and BCH/USD contracts, making profits of 30 USDT, 20 USDT, and a loss of 0.1 BCH, respectively. Before the settlement point, User C closes the profitable positions, leaving the loss-making position open.

In this case, 30 USDT * 10% + 20 USDT * 10% will be deducted from the follower’s account in advance but will not be distributed to the trader the next day. If User C closes the losing position on the third day and the exchange rate on that day is 1 BCH for 280 USD, the trader will receive 5-2.8=2.2 USDT on the fourth day.

Scenario 4:

User D has followed Trader M to open positions with BTC / USDT, ETH / USDT and BCH / USD, and all positions with positive or negative profit remain open prior to the settlement time.

In this case, no profit will be deducted from the follower’s account in advance.

Thank you for your support of WEEX!

WEEX Team

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