Recently, more and more users turn to our CX support with issue that arise in their trades. Investigating these issues, our team discovered that many of these requests have something in common and it is related to the fact that the exchange has certain restrictions on special accounts created on the exchange, which are marked as Lead or Copy Trader account.
Difference between leading and copy-trader accounts:
A Lead Trader is an account of an experienced trader who generates trades.
A Copy trader is an account of an investor who wishes to repeat the trades of the lead trader.
In this document, we tried to consider various types of restrictions from the exchange for such accounts and draw your attention to them and help you solve these issues.
If you are a lead trader on this exchange, please pay attention to special restrictions set by the exchange for such accounts.
Please familiarize yourself with them and adhere to these restrictions to avoid possible errors in trades.
BINANCE
We found the following limitations:
Not all pairs are available for trading on this account (only supports USDT pairs);
There is a limit on the maximum leverage;
You cannot use the Multi-Assets Mode;
The lead trader API order rate limit is 20/10s.
OKX
Common errors in trading:
As the lead trader, you can't hold FLOW-USDT-SWAP positions with leverage higher than 25x.
We found the following limitations:
Daily trade limit: 500 new positions;
Not all pairs are available for trading on this account;
There is a limit on the maximum leverage.
Your exchange restrictions and guidelines can be found on this page.
BYBIT
Common errors in trading:
Copy Trading does not currently support this type of trading.
We found the following limitations:
Not all pairs are available for trading on this account;
Your exchange restrictions and guidelines can be found on this page.
BITGET
Common errors in trading:
You are currently a trader, please close the position under the current order
Failed to place the order, the minimum number of positions opened by the trader is {amount}
Trader the maximum leverage can use is {value}
We found the following limitations:
You can only close your positions at the market price;
You cannot close your positions via using trailing order and/or trigger order;
There is a limit on the maximum leverage;
There is a limit on the minimum order size.
Your exchange restrictions and guidelines can be found on this page and you can also get it by method:
GET /api/mix/v1/trace/traderSymbols
GATE.IO
A common issue is that the exchange has some price protection, and because of this, some orders may not be placed if they exceed this limit.
Your exchange restrictions and guidelines can be found on this page.