Copy Trading Terms & Rules

Part A — Follow Rules (for copiers)

By starting a copy, you authorize BitPerp to automatically mirror a lead trader's trades onto your account under the settings you choose. You agree to the following:

1. How copying works

1. Every trade the lead opens or closes is copied automatically. You cannot pre-approve individual trades — copying is all-or-nothing while active.
2. You choose the copy size (percentage of the lead's size), the leverage mode (same as the lead or a fixed value), a maximum-drawdown auto-stop, and an optional pair filter. You are fully responsible for these settings.
3. Your results will differ from the lead's due to price slippage, execution latency, exchange minimum order sizes, quantity rounding, your available margin, and per-order safety caps. A trade may be partially copied, delayed, or skipped.

2. Margin, liquidation and account risk

1. Copied positions use your margin. If your balance is insufficient, an order may fail or be skipped — this is expected behavior, not a platform fault.
2. Your positions can be liquidated. All liquidation, funding, and market risk is yours.
3. We strongly recommend a dedicated account for copy trading. If you also trade manually on the same account, your personal and copied positions share margin, and your account-level auto-stop reacts to both.

3. Your loss limit (drawdown auto-close)

1. You set the capital you allocate to copying and a maximum drawdown percentage. Your loss is intended to be bounded to that allocated capital: when your account equity falls by your chosen percentage from the level at which copying started, the engine automatically closes every copied position and stops the copy. Example: allocating with a 50% limit closes the copies once roughly half of that amount is lost.
2. The limit is measured on your account equity (realized and unrealized loss combined), checked periodically — not tick-by-tick — and executed with market orders. The actual stop level is therefore approximate; slippage applies and a fast market can exceed it.
3. After an auto-close, no further trades from that lead are copied. To resume, you must start the copy again — a fresh baseline is taken at that point.
4. For the limit to reflect only your copy capital, use a dedicated account. On a shared account, your own manual trades and any deposits or withdrawals also move your equity and can trigger or mask the stop.

4. Manual intervention

1. You may close a copied position yourself at any time. Doing so can desync your account from the lead; the engine reconciles by never closing more than you actually hold, but you accept the risk of a mismatch.
2. Manually stopping a copy halts new trades only; open positions are not auto-closed and you are responsible for them. This is separate from the drawdown auto-close in section 3, which does close all copied positions when your loss limit is reached.

5. Fees and profit share

1. Trading commissions, funding fees, and slippage are yours.
2. A lead may charge a profit share of up to 50% of your positive net profit over a settlement period. It is calculated only on positive net profit; a losing period carries no charge. The applicable percentage is shown before you copy.
3. Any settlement or payout of profit share is reviewed before it occurs; funds are never moved automatically without review.

6. No guarantee & suspension

1. BitPerp does not guarantee any profit and is not liable for trading losses arising from copying.
2. BitPerp may pause, suspend, or stop copying at any time for risk, maintenance, or compliance reasons, including a platform-wide kill-switch.
3. You confirm you are of legal age, eligible to trade derivatives in your jurisdiction, and not a restricted person.

Part B — Lead Trader Agreement (for leads)

By becoming a lead trader (including setting a profit share), you agree to the following:

1. Every trade on your rated account is copied to your followers. There is no separation between "signal" and "personal" trades — use a dedicated account for leading.
2. You will not manipulate your track record, including wash trading, martingale / doubling into losers, or carrying large hidden floating losses. Such patterns lower your reliability score and may disqualify you.
3. You set your profit share (0–50%). You are not guaranteed any income from it.
4. You remain solely responsible for your own trading decisions. BitPerp does not direct your trades and does not guarantee you followers or profit.
5. Your followers' losses are not your personal liability, but misconduct, manipulation, or abuse may lead to removal of your rating and lead status.
6. Your rating can be revoked at any time. Maintaining rated status requires an ongoing track record and passing risk review.

Part C — How lead traders are ranked (risk-based scoring)

Leaders are ranked by risk-adjusted reliability, not raw profit. A trader who posts a big number through reckless leverage, martingale (doubling into losers), or by sitting on large unrealized losses scores low or is hidden — so you are not steered into a time bomb.

1. Rated vs unrated (the gate)

1. A trader is only shown as RATED after a real track record — roughly 6 weeks of live trading and 40+ closed trades. Below that they stay unrated and are hidden from the leaderboard.
2. Because BitPerp runs leads on its own infrastructure, scoring uses every real fill and open position — it cannot be gamed by cherry-picked screenshots.

2. What the score is built from

1. Drawdown (30%) — how deep the worst peak-to-trough loss was. Smaller is better.
2. Consistency (25%) — steady month-to-month results rather than erratic swings.
3. Profit factor (20%) — gross profit versus gross loss.
4. Leverage discipline (15%) — controlled, lower leverage scores higher.
5. Return (10%) — actual profit, deliberately the smallest weight.

3. Automatic red flags that cap the score

1. Martingale / adding to losing positions.
2. Large hidden floating (unrealized) losses.
3. Excessive leverage.

Such patterns are shown as flags on the trader's card and hold the score down regardless of profit. Traders are placed in tiers from A (strong) to D (high risk / avoid), and scores update hourly. A high score is a risk aid — not a guarantee or investment advice.

Part D — On-chain signal bridge (experimental beta)

BitPerp shows a public leaderboard of external on-chain traders (from a public, on-chain perpetuals exchange) for market insight. Separately, a limited, invite-only, experimental beta lets an approved account mirror one such trader's opens and closes onto its own BitPerp account. If you are granted access and choose to connect, you agree to the following:

1. Not a recommendation. These traders are anonymous, external, and unaffiliated with BitPerp. BitPerp does not vet, endorse, or rank them by its own judgment — the leaderboard order is the source exchange's own public PnL. Displayed risk stats (drawdown, consistency, risk-adjusted return) are informational only.
2. Your funds, your risk. Mirrored trades are real orders placed on your own Perpetual balance with a fixed, capped margin per position that you choose. Losses are yours.
3. Cross-exchange approximation. Because the source trades on a different exchange, your entries and exits happen later and at different prices (slippage and latency). Your results will differ from the on-chain trader, sometimes materially.
4. Coverage & behaviour. Only symbols available on BitPerp are mirrored; others are skipped. The bridge mirrors position entries and exits, and closes only the quantity it opened — it does not touch positions you opened yourself. Existing positions open at connect time are not entered; only trades after you connect are mirrored.
5. Safety limits. The bridge enforces a hard per-order margin cap, a maximum number of concurrent mirrored positions, a per-cycle order cap, and an automatic stop if your account's equity falls too far from its peak. These are safety limits, not a guarantee against loss.
6. Experimental & revocable. This feature is a beta and may be paused, changed, or removed at any time. You can disconnect at any moment from the trader's card, and BitPerp may disable the bridge for any account without notice.
7. No profit share is charged by BitPerp on bridge trades during the beta, and connecting does not make you, or the on-chain trader, a rated BitPerp lead.

Part E — Global lead traders (external copy program)

BitPerp shows a leaderboard of external global lead traders whose live positions map to markets also available on BitPerp. They are shown for market insight, and — where enabled — you may copy them onto your own account. If you choose to copy one, you agree to the following:

1. External & not a recommendation. These are third-party traders, unaffiliated with BitPerp. Their names, avatars, statistics, ROI curves and trade history are sourced from a public third-party feed and shown for information only. BitPerp does not vet or endorse them.
2. Who is listed. Only external leaders whose positions are substantially replicable on BitPerp are shown — currently those with a same-market coverage of at least 80%, a win rate of at least 60%, and a track record of 90+ days. Markets not offered on BitPerp (e.g. tokenized stocks, commodities or indices under different symbols) are excluded from copying.
3. Sizing is proportional to your capital. You choose an amount of capital to allocate. Your position in each market mirrors the lead's margin distribution (the share of margin the lead places in each market), scaled to your capital, in the same direction and at the lead's leverage — capped at BitPerp's maximum for that market. You do not copy the lead's absolute position size.
4. Only new positions are copied. Positions the lead already holds at the moment you start copying are ignored (recorded as a baseline). Only positions the lead opens after you start are mirrored. If the lead fully closes a baseline market and later reopens it, that counts as new.
5. Cross-source approximation. Because the lead trades on a different venue, your entries and exits occur later and at different prices (slippage and latency). Your results will differ from the lead's, sometimes materially, and you do not inherit the lead's past profit on any position.
6. Minimums & skips. Orders below a market's minimum size or minimum value are skipped, so with a small allocation only some markets may be opened.
7. Loss limit (drawdown auto-close). You set a maximum drawdown percentage when you start copying. When your account equity falls by that percentage of your allocated capital from the level at which copying started, the engine closes all copied positions and stops the copy, and no further trades from that lead are copied until you start again. This is measured on your account equity (realized and unrealized combined), checked periodically and executed with market orders, so the stop is approximate and slippage applies. As above, use a dedicated account so the limit reflects only your copy capital.
8. Your account, isolated management. Copying runs on your account with your margin. The engine only manages positions it opened for you — it never touches trades you placed manually. For this reason we strongly recommend a dedicated account for copying, separate from any account you trade manually.
9. Manual changes while copying. While a copy is active, positions are kept in sync with the lead. If you manually close a copied position, it may be reopened on the next sync. To exit, press Stop — this halts copying and closes the positions the engine opened for that lead.
10. Safety limits. A maximum leverage cap, per-market minimums, a change threshold to reduce churn, and single-execution controls apply. These are safety limits, not a guarantee against loss.
11. Availability. Copying is available to KYC-verified accounts, and places real orders on your account. Your loss on a copy is intended to be bounded to the capital you allocate, via the drawdown auto-close described above (approximate; slippage applies). No profit share is charged by BitPerp on this program at this time. The feature may be paused, changed, or removed at any time.

Part F — Deposits, source of funds and restricted jurisdictions

1. Verification before deposit. A deposit address is issued only after your identity verification (KYC) has been approved. Deposits sent to any address obtained before approval, or to an address not currently assigned to your account, may be delayed or unrecoverable.
2. Prohibited jurisdictions. BitPerp does not provide services to residents of, or persons connecting from, jurisdictions that are sanctioned or otherwise restricted by applicable law or by our infrastructure provider. Registering or depositing from such a jurisdiction — including by concealing your location — is a breach of these terms.
3. Prohibited sources of funds. You must only deposit assets that are lawfully yours. Depositing funds that are sanctioned, stolen, fraud-derived, linked to darknet markets, ransomware, mixers/tumblers, or otherwise of illicit origin is strictly forbidden.
4. Consequences. Where a deposit is identified as originating from a prohibited jurisdiction or a restricted source, the assets concerned may be frozen, held, returned or reversed, the account may be suspended or closed, and the matter may be reported to the relevant authorities. Freezes may be imposed by BitPerp or independently by our infrastructure provider, and in the latter case may remain in force until that provider completes its own review.
5. Compliance reviews. You may be asked to provide additional information, including proof of identity, proof of address and evidence of source of funds. Failure to respond within the stated period may result in continued restriction of the account.
6. Your confirmation. By making a deposit you confirm that you are not located in, or a resident of, a prohibited jurisdiction, and that the funds deposited are lawfully owned by you and are not derived from any unlawful activity.

Part G — General

1. These terms may be updated. Material changes will be reflected in a new version, and you may be asked to accept the updated terms before continuing to copy or lead.
2. These terms supplement, and do not replace, BitPerp's general Terms of Service, Privacy Policy, and Risk Disclosure.
3. This document is an operational summary and is not legal or investment advice.

Operated by [BitPerp — insert legal entity], governed by the laws of [insert jurisdiction]. Questions: support@bitperp.com.