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FAQ - Lead Trader
Update on 2024/08/07 08:07:08
1. What's the requirement for becoming a Lead Trader?
To become a Lead Trader, you need to pass KYC 1 verification first. After that, simply fill in the required information on this page to apply.
 
2. How to become a Lead Trader?
Visit the "Apply to be a Lead Trader" option on OrangeX's Portfolio Center page and submit your application. We'll review your application within 1 hour.
 
3.What are the benefits of being a Lead Trader?
Lead Traders can earn a certain percentage of profits from Copy Traders, with the percentage determined by the Lead Trader themselves. The income of Lead Traders will be settled at 02:00 (UTC) every Monday, plus we offer time-limited events with rewards. There will also be time-limited events with rewards. For detailed information, please contact partner@orangex.com
 
4. What is the requirement to create a portfolio?
All OrangeX users can apply to be Lead Traders. Please create your portfolio following the instruction below after you become a Lead Trader.
 
Click [Create Portfolio].
 
Any OrangeX user can apply to be a Lead Trader. Once approved, follow these steps to create your portfolio:
  • Click "Create Portfolio"
  • Confirm details: Portfolio name, Introduction, Initial amount, Profit Sharing Ratio
  • Minimum portfolio amount: 500 USDT
  • Ensure at least a 500 USDT balance in your OrangeX Funding account
  • Your chosen initial amount will be moved from your Funding wallet to the Copy Trading wallet
  • Maximum Profit Sharing Ratio: 15%
After everything is set, agree to the user service agreement, then click [Confirm].
Your portfolio has been created successfully. Others can now see and copy your portfolio. You can share your trading strategy and your portfolio performance on social media so that potential Copy Traders can know about your lead trading.
 
After everything is set, agree the user service agreement, then click [Confirm].
Your portfolio is created successfully. Others can now see and copy your portfolio. You can share your trading strategy and your portfolio performance on social media so that potential Copy Traders can know about your lead trading.
 
5. How many portfolios can one Lead Trader create at most?
Each Lead Trader is allowed to create a maximum of six portfolios. A maximum of 100 Copy Traders are allowed to copy one portfolio.
 
6. What's the Copy Trading mode at OrangeX?
At OrangeX one-click Copy Trading, Copy Traders will place orders following the ratios used by their Lead Traders. This mode protects the trading of Copy Traders to the largest extent.
When the Lead Trader opens a trade with a small amount, the Copy Trader might fail to copy the positions if the proportional copy amount is less than the minimum trade amount. In this case, it's important to adjust it based on the Lead Trader's portfolio deposit. For example, if your portfolio deposit is above 5,000 USDT, it's suggested to make the min. copy amount above 300 USDT in order to reduce the risk of copy failure.
 
7. Can I just trade instead of lead trading after I become a Lead Trader?
Yes, lead trading is not in the same trading area with normal perpetual contract trading at OrangeX, so are your assets. If you don't want to lead, you can just trade in the perpetual trading area.
 
8. When will profit-sharing be paid out?
Profit-sharing will be issued under the following conditions:
  • When a Lead Trader exits his/her portfolio, all copy-trades will be closed and profit-sharing from each copy-trader of the copy-portfolio will be paid out.
  • When a Copy Trader manually exits the copy portfolio, his/her profit sharing will be paid out to the Lead Trader.
  • The income of Lead Traders will be settled at 02:00 (UTC) every Monday. 
9. Can I use subaccounts in Copy Trading?
No, only main accounts can be used in Copy Trading.
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© 2024 OrangeX. All Rights Reserved.