Q: Where can I get information about how many followers I have in total?
A: You can manage my followers on the Contracts Followers page and on the dashboard you will find information about the total number of your followers.
Q: Can I withdraw funds from my strategy account?
A: Yes, you will be able to withdraw funds from your strategy account. Before that, you need to disconnect all followers and close all open positions.
Q: How many positions can a trader open in a day?
A: By default, a trader can open up to 50 positions in a day.
Q: When does a trader get a commission from followers?
(Traders get 0%-30% of commission from the followers)
A: Daily settlement
Settlement method:
When a trader closes a position, if the follower generates profit and meets the profit sharing requirements, the system will deduct the profit sharing from the follower's account in advanced, and then settle at midnight (UTC+0) on the next day, calculating the actual total profit of the follower's orders for that day, the "actual realized profit" is the actual commission to be paid to the trader.
If the actual commission is lower than the profit already deducted from the follower's account, the extra profit deducted will be returned to the follower's account, and then the remaining part will be settled to the trader.
Special cases of commissions:
If the user has an open follow order, no commissions will be made until the related position closed, then the commissions will be distributed on the next day.
Commissions account: Commissions is distributed into the spot account
Example:
A follower follows a trader(10% Commission) to place an order. Ten orders are placed on the same day, eight of which have a net profit of 200 USDT and two have a loss of 50 USDT.
Follower orders deducted amount: 200 * 10% = 20 USDT
The cumulative realized profit on the day of the second settlement: 200 - 50 = 150 USDT
Trader’s actual commission: 150*10%=15 USDT
The deducted amount that will be returned to the follower after deducting commission: 20-15=5 USDT
The realized profit of the follower for the day: 200-50-20+5=135 USDT
Tapbit Team