Copy trading lets beginners profit like professional traders by automatically replicating the operations of successful traders. Register on Binance to try copy trading, and download the Binance mobile app to browse trader leaderboards and copy with one tap anytime.
What Is Copy Trading?
Copy Trading is a social trading feature launched by Binance that allows users to select and follow one or more traders. When a trader you follow opens or closes positions, the system automatically executes trades in the same direction in your account. You don't need to analyze the market or place orders yourself — just choose well-performing traders to follow. Copy trading currently supports futures trading, and users can set parameters like copy amount, leverage multiplier, and more. Traders take a percentage of followers' profits (typically 10%-20%), and fees are only charged when you make money.
How to Screen Excellent Traders?
Choosing the right trader is the key to copy trading success. On the Binance copy trading page, you can view trader leaderboards and detailed statistics. Focus on these metrics: Return rate reflects profitability, but don't look at short-term data only — reference at least the past 90 days of performance. Maximum drawdown rate indicates risk control ability — the lower, the better. Win rate shows the proportion of successful trades, but high win rate doesn't necessarily mean high returns. Follower count and follower return rate are also important references — if followers are generally losing money, the strategy may be unstable. We recommend evaluating multiple metrics comprehensively and choosing traders with stable returns, controlled drawdowns, and longer operating histories.
How to Configure Copy Trading Parameters?
Before starting, you need to set several key parameters. Copy amount is the total funds you invest — we recommend not exceeding 30% of total assets. In fixed amount mode, each copy trade uses the same amount; in proportional mode, allocation is based on the trader's position ratios. Leverage multiplier can match the trader's or be customized — beginners should use lower leverage. Stop-loss settings are crucial: you can set a maximum loss amount that automatically stops copy trading when reached. You can also configure whether to follow the trader's position increases and decreases. We suggest starting with small amounts for testing and increasing investment after confirming results.
Copy Trading Risk Management
While copy trading simplifies operations, it's not without risk. First, past performance doesn't represent future results — even previously excellent traders may suffer significant losses. Second, slippage risk exists in copy trading, meaning your actual execution price may differ from the trader's. Third, the copy system may experience execution delays during extreme market volatility. We recommend diversifying across multiple traders to reduce single-point risk, and setting reasonable stop-losses to prevent excessive losses. Regularly check copy trading performance, and if a trader's strategy changes or performance consistently declines, promptly unfollow and switch.
How to Become a Trader Others Follow?
If you have solid trading skills yourself, you can also apply to become a Binance copy trading trader. You'll need to meet certain requirements, including account balance thresholds and historical trading records. As a trader, you can set your profit-sharing percentage, and more followers mean greater potential earnings. Traders must maintain stable performance to attract and retain followers. Binance ranks and rates traders, and top performers receive more visibility. This is a win-win mechanism that creates value for both ordinary users and professional traders.