Important Notice:
The copy trading feature (hereinafter referred to as "Copy Trading") is a functionality selected voluntarily by users, enabling the replication of the trading actions (including opening, closing, or adjusting positions, etc.) of copied traders within an authorized scope. Users must fully understand the trading mechanisms and potential risks before signing this Agreement and enabling Copy Trading. By using the Copy Trading feature, you are deemed to have fully agreed to and be bound by the terms of this Agreement.
Part I: Definitions and Overview
- Copy Trading Service:
Refers to a function where users can select one or more copied traders (hereinafter referred to as "Traders") on the platform and authorize the platform to replicate the perpetual contract trading actions of these Traders according to a set proportion or strategy. - Users:
Refers to individuals or entities involved in the Copy Trading feature through RooEx, including the followers initiating the copying (referred to as "Followers") and the copied traders (referred to as "Traders"). - Platform:
Refers to the RooEx platform, which acts as a technical service provider offering support for the copy trading functionality but does not guarantee the effectiveness of copied strategies or financial outcomes. - Perpetual Contract:
A type of contract without a fixed expiration date, relying on funding rate mechanisms to maintain market balance during trading.
Part II: Risk Disclosure of Copy Trading
The Copy Trading service is a high-risk trading tool. Users must fully understand and accept the following risks before participating:
- Leverage, Liquidation, and Fund Loss Risks:
The leverage mechanism of perpetual contracts significantly magnifies potential gains but also exacerbates potential losses. A Follower's account may incur losses up to the amount of initial margin, or even trigger forced liquidation, especially in cases of extreme market fluctuations or if the Trader's strategy fails. - Latency or Execution Discrepancy Risks:
Due to network latency, technical errors, or other issues, copy trading orders might fail to replicate the Trader's actions precisely, leading to price discrepancies or delays in order execution. - Trader's Strategy and Decision Risks:
The decisions made by Traders are independent and may lead to losses due to a lack of experience, incorrect market assessment, or other uncontrollable factors. - Liquidity and Market Risks:
In cases of limited market depth or extreme volatility, copy trades may fail to execute at the expected price due to insufficient liquidity, increasing the likelihood of additional losses. - Regulatory and Policy Risks:
Copy Trading is subject to laws and regulations of the Follower's jurisdiction. Trading may be limited, restricted, or forcibly suspended due to changes in laws or regulatory requirements, and the User bears full responsibility in such cases.
Part III: User Authorization and Obligations
3.1 User Authorization
- The Follower explicitly agrees that the platform is authorized to use their funds to replicate the trading actions of selected Traders in accordance with this Agreement. The execution of these actions is performed through the platform's system.
- Before enabling the Copy Trading feature, Followers must define and confirm their copy trading ratios or parameters and ensure that all trading funds come from lawful sources and do not involve borrowing or illegal operations.
3.2 User Responsibilities
- Independent Risk Bearing:
Followers must fully bear all potential profits and losses resulting from their copy trading activity. Neither the platform nor the Trader bears any joint liability for any losses, including but not limited to those caused by market changes, strategy failure, or unforeseen events. - Fund Sufficiency:
Followers must ensure sufficient account balance to meet the margin requirements as set. Followers bear sole responsibility for failures or forced liquidation due to insufficient account funds. - Strategy Selection Risks:
Followers bear full responsibility for their choice of copied Traders and strategies. It is the Follower's duty to ensure that the chosen Trader's performance, historical data, and risk tolerance align with their investment goals.
Part IV: Platform Rights and Disclaimer
- Neutral Technical Role:
The platform acts solely as a technical service provider, offering tools for the replication of trades and facilitating trade matching. The platform does not guarantee or promise any trading outcomes, profits, or loss prevention. - Service Disruption Disclaimer:
The platform is not liable for trading delays, failures, or other outcomes caused by technical faults (e.g., system upgrades, server interruptions) or force majeure events (e.g., natural disasters, policy interventions, network attacks). - Transparent Copy Trading Data:
The platform will display public performance data of Traders (such as profit rate, win rate, maximum drawdown, etc.) according to disclosure rules. However, past performance does not guarantee future outcomes. - Risk Notification Fulfillment:
The platform has fulfilled its obligation to provide comprehensive risk disclosure and does not hold liability for losses caused by a Follower's erroneous strategy selection or uninformed decisions.
Part V: Traders’ Responsibilities and Rights
- Strategy Responsibilities:
Traders are solely responsible for all strategies they adopt, including but not limited to opening, closing, or adjusting positions. Traders must ensure full compliance with laws, regulations, and platform rules. - Profit Share and Commission Rules:
Traders may earn a portion of the profit-sharing revenue or commission from Followers copying their trades. Specific calculation rules are subject to the platform's announcement. - Transparency Duties:
Traders accept that their trading results (including profit, loss, and risk metrics) will be transparently disclosed to Followers. Any concealment, falsification, or misleading behavior will result in penalties as per platform rules.
Part VI: Risk Control and Dispute Resolution
- Risk Control Measures:
The platform adopts multiple technical measures (such as forced liquidation protection, automated stop-losses, and setting maximum copying limits) to help mitigate potential trading risks during the process. However, this does not guarantee the avoidance of all losses. - Agreement Modification and Notification:
The platform reserves the right to periodically modify this Agreement and will notify Users through announcements. The revised Agreement takes effect immediately upon publication. Users who continue using the service are deemed to have accepted the revised terms. - Dispute Resolution:
In the event of disputes arising from this Agreement or services, Users should first contact the platform for resolution. If the issue cannot be resolved amicably, the dispute will be subject to the jurisdiction where the platform is registered.
User Declaration:
By signing this Agreement, the User declares that they have fully understood the risks associated with Copy Trading and voluntarily accept all associated liabilities and consequences. The platform has fulfilled its reasonable guidance and risk notification obligations.