Lead Trader Agreement
This Lead Trader Agreement (the “Agreement”) is entered into between you (“you” or the “Trader”) and HiBT (“we” or the “Platform”). By applying to become a lead trader, you agree to abide by the terms and conditions set forth in this Agreement.
1. Trader Eligibility Requirements
By becoming a lead trader, you gain eligibility to share trading strategies and allow other users to copy your trades, earning a share of their profits. Applicants must meet the following requirements:
1.1 KYC Verification: Lead traders must complete the Platform’s KYC (identity verification) process. Users who fail to pass KYC cannot apply for lead trader status.
1.2 Asset Requirement: Lead traders must maintain a minimum account equity of 500 USDT in their futures trading account. Account equity refers to the balance plus unrealized PnL.
1.3 Trading Restrictions: Lead traders may not copy other traders’ strategies on the Platform.
2. Trader Code of Conduct
Lead traders must adhere to the following conduct guidelines:
2.1 No Profit Guarantees: Traders must not guarantee profits to copiers in any form. Promising returns is a violation of Platform rules.
2.2 Prioritize Copiers ’ Profitability: Traders should strive to help copiers achieve profits, assess risks responsibly, and avoid manipulative trading for high commissions or return rates.
2.3 Prohibited High-Risk Strategies: Traders may not use high-risk strategies that could expose copiers to excessive risk.
2.4 No Personal Information Disclosure: Traders must not display or hint at revealing personal contact information, such as phone numbers or social media accounts, in usernames or profiles.
2.5 No Multi-Account Trading or Wash Trading: Traders are prohibited from using multiple accounts to manipulate trades or offset positions. Violators will have their lead trader status permanently revoked.
2.6 No Malicious Trading: Any actions to artificially boost copier numbers or funds are strictly forbidden. Offenders will have their accounts permanently disabled.
2.7 Violation Penalties: Breaching these terms may result in immediate loss of lead trader status, recovery of illicit gains, and termination of services.
2.8 Account Termination and Copied Positions: If lead trader status is revoked, open copied positions will remain active. Traders must be aware of this when taking further actions.
2.9 Monitoring and Action for Abnormal Trading: The system monitors trading behaviors. The Platform reserves the right to prohibit traders from continuing lead trading and to take appropriate actions if violations are detected.
3. Fees and Commission Structure
3.1 Copy Trading Service Fees: Copy traders are charged a service fee for copied trades as per Platform announcements.
3.2 Profit Share Distribution: Profit share is settled periodically, provided no open positions exist during the settlement. If positions remain open, settlement will be deferred to the next period. Settled profit shares are credited to the trader’s copy trading account, available for withdrawal or reinvestment.
3.3 Fee Adjustments: The Platform may adjust fees and commission rates based on market conditions, with prior notice to traders.
4. Modification and Termination of the Agreement
4.1 Agreement Revisions: The Platform may modify this Agreement. Updates will be published and take effect immediately. Continuing to provide services constitutes acceptance of the revised terms.
4.2 Termination: The Platform reserves the right to terminate lead trader status for violations or misconduct.
5. Risk Disclosure and Disclaimer
5.1 Market Risk: Digital asset markets are highly volatile. The Platform is not responsible for any losses traders or followers incur due to market fluctuations.
5.2 Technical Risk: System failures or network issues may result in delays or transaction failures. The Platform is not liable for resulting losses.
5.3 User Responsibility: Traders are responsible for all their actions on the Platform. The Platform is not liable for losses caused by traders’ decisions.
6. Effectiveness and Interpretation
6.1 Effectiveness: This Agreement becomes binding once a trader applies and begins copy trading activities.
6.2 Interpretation: The final interpretation of this Agreement rests with the Platform.