MEXC Copy Trade is an innovative feature designed to benefit both experienced traders and their followers by allowing them to easily copy trades and share profits. This article provides an overview of MEXC Copy Trade, the benefits it offers, and the steps to become a trader or follower, along with information on fees and yields.
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What is MEXC Copy Trade?
MEXC Copy Trade is a platform feature that enables followers to automatically replicate the trades of experienced traders. When a trader initiates a lead trade, the system places an order for the follower based on the trader’s strategy. In return, the trader receives a share of the follower’s profits, creating a win-win situation for both parties.
How to Start Copy Trade on MEXC Global
- 1. Become a Trader:
- Experienced traders can apply to become traders on the MEXC Copy Trade platform, gaining access to a large pool of followers and earning a share of their profits. The process involves submitting an application and waiting for approval, which usually takes 1-2 days.
- 2. Initiate Lead Trades:
- Once approved, traders can start leading trades on the platform. The system will automatically place orders for followers based on the trader’s strategy.
- 3. Become a Follower:
- Users who want to benefit from the expertise of experienced traders can follow them and copy their trades. To do this, they need to transfer funds to their Spot account and fill in the copy trade details.
Sign up on MEXC Exchange for free
Benefits of MEXC Copy Trade
- Win-Win Situation:
- Traders can leverage their skills to help followers make profitable trades, earning a share of the profits, while followers can easily follow proven strategies with just one click.
- Automated System:
- MEXC Copy Trade automates order placement for followers based on the trader’s strategy, saving time and effort.
- Low Entry Barrier:
- Users only need to transfer funds to their copy trade account and fill in the necessary details to start copying trades.
Go to MEXC Exchange’s Official Website
Steps to Apply as a Trader or Start Copy Trading
To apply as a trader, fill in the lead trade application details, submit the application, and wait for approval before starting lead trades.
To start copy trading, select a preferred trader on the Copy Trade page, click [Follow], transfer USDT into your Spot account, fill in details such as copy trade amount and copy trade mode, and submit the copy trade information.
Copy Trade Yield and Fees
Copy trade yields depend on the trader’s strategy and the follower’s final copy trade amount. Profits are not guaranteed.
A trader’s yield is determined by the follower’s PNL and profit share ratio. Profit sharing only applies in the event of positive PNL.
MEXC charges regular transaction fees but does not impose additional fees on copy trades.
Sign up on MEXC Exchange for free
Conclusion
MEXC Copy Trade is an efficient and user-friendly feature that provides an excellent opportunity for traders and followers to benefit from each other’s expertise and share profits. With its automated system, low entry barrier, and professional traders, MEXC Copy Trade offers a unique platform for users to maximize their trading potential while minimizing risks.
Please check MEXC official website or contact the customer support with regard to the latest information and more accurate details.
MEXC official website is here.
Please click "Introduction of MEXC", if you want to know the details and the company information of MEXC.
Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...