Preface
This iCoin User Copy Trading Agreement (hereinafter referred to as the “Agreement”) is entered into between you (“User” or “Follower”) and iCoin (“Platform”) regarding the use of copy trading services. By using the copy trading function, you confirm that you have read, understood, and agreed to comply with all terms of this Agreement.
I. Copy Trading Service Description
1.1 Service Content
iCoin provides a trader copy trading feature, allowing users to select and automatically replicate the trading strategies of traders (“Lead Traders”). Followers shall bear all trading risks by themselves, and the Platform does not guarantee any profits.
1.2 Eligibility for Copy Trading
Users must hold sufficient funds in their accounts to cover the margin and transaction fees required for copy trading.
II. User Rights and Obligations
2.1 Right to Choose Independently
Users may freely choose traders to follow and may adjust or terminate the copy trading relationship at any time.
2.2 Right to Be Informed of Risks
Users shall fully understand the high risks of digital asset trading, including but not limited to market volatility and leverage risks.
The Platform does not provide any guarantee regarding the profitability or strategy stability of any trader.
2.3 Compliance Obligations
It is prohibited to use multiple accounts to follow the same trader in order to manipulate profit-sharing.
Users shall not use the copy trading function for money laundering, arbitrage, or any other illegal or non-compliant activities.
III. Copy Trading Rules
3.1 Funding Requirements
When copy trading, users must ensure sufficient account balance. Otherwise, copy trading may fail. The Platform shall not be liable for any trading interruption or loss caused by insufficient funds.
3.2 Fees
The Platform does not charge additional fees for copy trading transactions. Specific fee rates shall be subject to the Platform’s announcements. Fees are deducted from the user’s account in real time and do not affect the trader’s profit-sharing.
3.3 Copy Trading Ratio and Leverage
Users may customize the copy trading ratio (e.g., 1:1, 2:1, etc.), but it should not exceed the user’s risk tolerance. Leverage multiples can also be set by the user, and the user shall evaluate and bear the risks independently.
IV. Risk Notice
4.1 Market Risk
Digital asset prices are highly volatile. Copy trading may result in partial or total loss of principal.
4.2 Trader Risk
A trader’s historical performance does not represent future returns, and their strategy may fail. The Platform shall not be responsible for any decision errors or malicious actions of traders.
4.3 System Risk
The Platform shall not bear joint liability for any copy trading deviation caused by network delays, server failures, or other system-related issues.
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V. Settlement and Profit Sharing
5.1 Profit Distribution
The profit-sharing ratio of traders is calculated based on their level (see the Trader Agreement for details). Profit sharing is derived from a proportional share of the follower’s profits. Users are not required to pay additional fees.
5.2 Settlement Cycle
Traders’ profit sharing is settled daily. If there are open positions in the trader’s account, settlement will be postponed to the next day. Users’ profits and losses are reflected in real time in their accounts, and users may close positions at any time.
VI. Amendment and Termination of the Agreement
6.1 Amendment of Terms
The Platform reserves the right to adjust this Agreement as required by business needs and will notify users through announcements. Continued use of the copy trading service shall be deemed acceptance of the amendments.
6.2 Termination of Service
Users may stop copy trading at any time. If a user violates this Agreement (e.g., manipulative trading), the Platform has the right to restrict the user’s copy trading permissions.
VII. Disclaimer
7.1 Users shall independently bear all consequences of their copy trading decisions. The Platform does not guarantee principal protection or profits.
7.2 The Platform shall not be liable for compensation for service interruptions caused by force majeure (such as policy changes or hacker attacks).
VIII. Effectiveness and Dispute Resolution
8.1 This Agreement shall take effect upon the user’s first use of copy trading.
8.2 Any disputes shall first be resolved through negotiation. If negotiation fails, the dispute shall be submitted to the court in the jurisdiction designated by the Platform for litigation.
Reminder: Digital asset trading involves high risks. Please participate cautiously. Users are advised to fully understand the market mechanisms before using the copy trading service.
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